June 11, 1999
Dreyfus GNMA Fund, Inc.
Supplement to Statement of Additional Information
Dated September 1, 1998
The following information supplements and should be read in
conjunction with the Section of the Statement of Additional Information
entitled "Purchase of Shares."
The Distributor generally may pay dealers a fee of up to 1% of
the amount invested through such dealers in fund shares by employees
participating in qualified or non-qualified employee benefit plans or
other programs where (i) the employers or affiliated employers maintaining
such plans or programs have a minimum of 250 employees eligible for
participation in such plans or programs, or (ii) such plan's or program's
aggregate investment in the Dreyfus Family of Funds or certain other
products made available by the Distributor to such plans or programs
exceeds $1,000,000 ("Eligible Benefit Plans"). Generally, the fee paid to
dealers will not exceed 1% of the amount invested through such dealers.
The Distributor may pay dealers a higher fee and reserves the right to
stop paying these fees at any time. The Distributor will pay such fees
from its own funds, other than amounts received from the Fund, including
past profits or any other source available to it.
