DREYFUS STRATEGIC INVESTING, 497, 1995-08-15

DREYFUS STRATEGIC INVESTING
497, 1995-08-15

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                                                            August 9, 1995
                          DREYFUS STRATEGIC INVESTING
                           SUPPLEMENT TO PROSPECTUS
                              DATED MARCH 1, 1995

    THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS IN THE SECTION ENTITLED
"MANAGEMENT OF THE FUND."

    Effective August 9, 1995, the Fund's primary portfolio manager is Timothy
M. Ghriskey. Mr. Ghriskey has been employed by The Dreyfus Corporation since
July 1995. From 1988 to June 1995, Mr. Ghriskey was Vice President and
Associate Managing Partner of Loomis, Sayles & Company.

                                                          037/s080995