October 25, 1995
PREMIER STRATEGIC INVESTING
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 1, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS INFORMATION CONTAINED IN THE
SECTION OF THE PROSPECTUS ENTITLED "DESCRIPTION OF THE FUND - MANAGEMENT
POLICIES."
The Fund currently invests primarily in equity securities of domestic and
foreign issuers which would be characterized as "value" companies according
to criteria established by The Dreyfus Corporation.
In general, The Dreyfus Corporation believes that companies with
relatively low price to book ratios, low price to earnings ratios or higher
than average dividend payments in relation to price should be classified as
value companies. Alternatively, companies which have above average earnings
or sales growth and retention of earnings and command higher price to
earnings ratios fit the more classic growth description.
037/s102095
