DREYFUS NEW LEADERS FUND INC
497, 1998-02-25
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                                                               March 2, 1998
                      DREYFUS NEW LEADERS FUND, INC.
                        SUPPLEMENT TO PROSPECTUS
                           DATED MAY 1, 1997

        The market capitalization of eligible companies in which the Fund can
invest has been increased to up to $5 billion at the time of investment. This
increase will enable the Fund to invest in medium-sized as well as
smaller-sized companies. The Fund's investment objective and management
policies otherwise remain the same.
                                                                   085s0398





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