<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 0000737520
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS NEW LEADERS FUND, INC.
001 B000000 811-3940
001 C000000 2129226774
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
018 000000 Y
019 A000000 Y
019 B000000 160
019 C000000 DREYFUSFAM
020 A000001 OPPENHEIMER & CO.INC.
020 B000001 13-2798343
020 C000001 124
020 A000002 LEHMAN BROTHERS INC.
020 B000002 13-2518466
020 C000002 87
020 A000003 MERRILL, LYNCH, PIERCE, FENNER & SMITH INC.
020 B000003 13-5674085
020 C000003 55
020 A000004 FURMAN SELZ INCORPORATED
020 B000004 13-2753731
020 C000004 44
020 A000005 PRUDENTIAL SECURITIES INCORPORATED
020 B000005 22-2347336
020 C000005 44
020 A000006 CS FIRST BOSTON CORPORATION
020 B000006 13-5659485
020 C000006 38
020 A000007 PAINEWEBBER INCORPORATED
020 B000007 13-2638166
020 C000007 37
020 A000008 LADENBURG, THALMANN & CO. INC.
020 B000008 13-2700032
020 C000008 34
020 A000009 UBS AG
<PAGE> PAGE 2
020 B000009 13-2932996
020 C000009 33
020 A000010 FOX-PITT, KELTON, INC.
020 B000010 06-1058201
020 C000010 30
021 000000 896
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001 337540
022 D000001 327890
022 A000002 FURMAN SELZ INCORPORATED
022 B000002 13-2753731
022 C000002 7926
022 D000002 23981
022 A000003 MORGAN STANLEY & CO. INCORPORATED
022 B000003 13-2655998
022 C000003 21863
022 D000003 2788
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 4035
022 D000004 13824
022 A000005 PAINEWEBBER INCORPORATED
022 B000005 13-2638166
022 C000005 5162
022 D000005 12579
022 A000006 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000006 13-2741729
022 C000006 9966
022 D000006 5384
022 A000007 SOUNDVIEW FINANCIAL GROUP, INC.
022 B000007 13-2998183
022 C000007 6980
022 D000007 7906
022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000008 13-5674085
022 C000008 1935
022 D000008 11377
022 A000009 AUBREY G. LANSTON & CO. INC.
022 B000009 13-5552129
022 C000009 12055
022 D000009 0
022 A000010 CS FIRST BOSTON CORPORATION
022 B000010 13-5659485
022 C000010 3149
022 D000010 7872
023 C000000 445633
023 D000000 470778
028 A010000 48844
028 A020000 0
028 A030000 0
<PAGE> PAGE 3
028 A040000 56823
028 B010000 75530
028 B020000 0
028 B030000 0
028 B040000 80776
028 C010000 22675
028 C020000 0
028 C030000 0
028 C040000 28308
028 D010000 23292
028 D020000 0
028 D030000 0
028 D040000 64838
028 E010000 23895
028 E020000 0
028 E030000 0
028 E040000 22627
028 F010000 18300
028 F020000 0
028 F030000 0
028 F040000 29060
028 G010000 212536
028 G020000 0
028 G030000 0
028 G040000 282432
028 H000000 0
034 000000 N
035 000000 0
036 B000000 0
037 000000 Y
038 000000 71
039 000000 N
040 000000 N
055 A000000 Y
055 B000000 N
057 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
<PAGE> PAGE 4
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 Y
070 Q010000 N
070 Q020000 N
070 R010000 Y
<PAGE> PAGE 5
070 R020000 N
071 A000000 376700
071 B000000 478034
071 C000000 850469
071 D000000 44
072 A000000 6
072 B000000 873
072 C000000 2545
072 D000000 0
072 E000000 0
072 F000000 3306
072 G000000 0
072 H000000 0
072 I000000 1557
072 J000000 44
072 K000000 0
072 L000000 52
072 M000000 19
072 N000000 23
072 O000000 1
072 P000000 4
072 Q000000 0
072 R000000 7
072 S000000 7
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 4
072 X000000 5024
072 Y000000 0
072 Z000000 -1606
072AA000000 123953
072BB000000 39569
072CC010000 0
072CC020000 10653
072DD010000 0
072DD020000 0
072EE000000 0
073 A010000 0.0000
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 4049
074 B000000 0
074 C000000 48859
074 D000000 0
074 E000000 1600
074 F000000 798876
074 G000000 0
074 H000000 0
074 I000000 0
<PAGE> PAGE 6
074 J000000 25619
074 K000000 0
074 L000000 460
074 M000000 77
074 N000000 879540
074 O000000 15740
074 P000000 594
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 1444
074 S000000 0
074 T000000 861762
074 U010000 17947
074 U020000 0
074 V010000 48.02
074 V020000 0.00
074 W000000 0.0000
074 X000000 30834
074 Y000000 0
075 A000000 0
075 B000000 888979
076 000000 0.00
077 A000000 N
SIGNATURE MICHAEL PETRUCELLI
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000737520
<NAME> DREYFUS NEW LEADERS FUND, INC.
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 645386
<INVESTMENTS-AT-VALUE> 849335
<RECEIVABLES> 26079
<ASSETS-OTHER> 4126
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 879540
<PAYABLE-FOR-SECURITIES> 15740
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2038
<TOTAL-LIABILITIES> 17778
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 555358
<SHARES-COMMON-STOCK> 17947
<SHARES-COMMON-PRIOR> 19382
<ACCUMULATED-NII-CURRENT> (1606)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 104061
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 203949
<NET-ASSETS> 861762
<DIVIDEND-INCOME> 2545
<INTEREST-INCOME> 873
<OTHER-INCOME> 0
<EXPENSES-NET> 5024
<NET-INVESTMENT-INCOME> (1606)
<REALIZED-GAINS-CURRENT> 84384
<APPREC-INCREASE-CURRENT> (10653)
<NET-CHANGE-FROM-OPS> 72125
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4589
<NUMBER-OF-SHARES-REDEEMED> (6024)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 2229
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 19677
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3306
<INTEREST-EXPENSE> 4
<GROSS-EXPENSE> 5024
<AVERAGE-NET-ASSETS> 888979
<PER-SHARE-NAV-BEGIN> 44.35
<PER-SHARE-NII> (.09)
<PER-SHARE-GAIN-APPREC> 3.76
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 48.02
<EXPENSE-RATIO> .006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
