DREYFUS STRATEGIC INVESTING
NSAR-B, 1994-12-30
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SIGNATURE   FREDERICK C. DEY                             
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS STRATEGIC INVESTING
<SERIES>
  <NUMBER>  1
  <NAME>  CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                           260244
<INVESTMENTS-AT-VALUE>                          272042
<RECEIVABLES>                                    54370
<ASSETS-OTHER>                                     495
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  326907
<PAYABLE-FOR-SECURITIES>                          9419
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        37217
<TOTAL-LIABILITIES>                              46636
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        262138
<SHARES-COMMON-STOCK>                            12071
<SHARES-COMMON-PRIOR>                            11613
<ACCUMULATED-NII-CURRENT>                       (1375)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           9023
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         10485
<NET-ASSETS>                                    239407
<DIVIDEND-INCOME>                                 2698
<INTEREST-INCOME>                                 2022
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4835
<NET-INVESTMENT-INCOME>                          (115)
<REALIZED-GAINS-CURRENT>                          8966
<APPREC-INCREASE-CURRENT>                      (30980)
<NET-CHANGE-FROM-OPS>                          (22129)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         1426
<DISTRIBUTIONS-OF-GAINS>                         26598
<DISTRIBUTIONS-OTHER>                                0  
<NUMBER-OF-SHARES-SOLD>                           2345
<NUMBER-OF-SHARES-REDEEMED>                       3128
<SHARES-REINVESTED>                               1240
<NET-CHANGE-IN-ASSETS>                         (21584)
<ACCUMULATED-NII-PRIOR>                          (140)
<ACCUMULATED-GAINS-PRIOR>                        29607
<OVERDISTRIB-NII-PRIOR>                              0   
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                             2260
<INTEREST-EXPENSE>                                 563
<GROSS-EXPENSE>                                   4835
<AVERAGE-NET-ASSETS>                            263962
<PER-SHARE-NAV-BEGIN>                            23.77
<PER-SHARE-NII>                                    .01
<PER-SHARE-GAIN-APPREC>                         (1.54)
<PER-SHARE-DIVIDEND>                               .12
<PER-SHARE-DISTRIBUTIONS>                         2.29
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.83
<EXPENSE-RATIO>                                   .015
<AVG-DEBT-OUTSTANDING>                           11100
<AVG-DEBT-PER-SHARE>                               .77
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS STRATEGIC INVESTING
<SERIES>
   <NUMBER> 2
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          OCT-31-1994
<PERIOD-END>                               OCT-31-1994
<INVESTMENTS-AT-COST>                           260244
<INVESTMENTS-AT-VALUE>                          272042
<RECEIVABLES>                                    54370
<ASSETS-OTHER>                                     495
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<PAYABLE-FOR-SECURITIES>                          9419
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                        37217
<TOTAL-LIABILITIES>                              46636
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        262138
<SHARES-COMMON-STOCK>                             2088
<SHARES-COMMON-PRIOR>                             1094
<ACCUMULATED-NII-CURRENT>                       (1375)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                           9023
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         10485
<NET-ASSETS>                                     40864
<DIVIDEND-INCOME>                                 2698
<INTEREST-INCOME>                                 2022
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    4835
<NET-INVESTMENT-INCOME>                          (115)
<REALIZED-GAINS-CURRENT>                          8966
<APPREC-INCREASE-CURRENT>                      (30980)
<NET-CHANGE-FROM-OPS>                          (22129)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          116
<DISTRIBUTIONS-OF-GAINS>                          2952
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            994
<NUMBER-OF-SHARES-REDEEMED>                        145
<SHARES-REINVESTED>                                145
<NET-CHANGE-IN-ASSETS>                         (21584)
<ACCUMULATED-NII-PRIOR>                          (140)
<ACCUMULATED-GAINS-PRIOR>                        29607
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                 563
<GROSS-EXPENSE>                                   4835
<AVERAGE-NET-ASSETS>                             37339
<PER-SHARE-NAV-BEGIN>                            23.62
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                         (1.62)
<PER-SHARE-DIVIDEND>                               .09
<PER-SHARE-DISTRIBUTIONS>                         2.29
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              19.58
<EXPENSE-RATIO>                                   .021
<AVG-DEBT-OUTSTANDING>                           11100
<AVG-DEBT-PER-SHARE>                               .77
        



</TABLE>


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