PREMIER VALUE FUND
NSAR-A, 1997-06-26
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<PAGE>      PAGE  1
000 A000000 04/30/97
000 C000000 0000794280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
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000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS PREMIER VALUE FUND
001 B000000 811-4688
001 C000000 2129226784
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
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015 A000001 MELLON BANK, NA
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015 C020001 PA
015 C030001 15258
015 E030001 X
018  000000 Y
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019 C000000 DREYFUSFAM
020 A000001 LEHMAN BROTHERS INC.
020 B000001 13-2518466
020 C000001     45
020 A000002 SANFORD C. BERNSTEIN & CO., INC.
020 B000002 13-2625874
020 C000002     43
020 A000003 SMITH BARNEY INC.
020 B000003 13-1912900
020 C000003     41
020 A000004 GARANTIA INC.
020 B000004 13-3662684
020 C000004     33
020 A000005 WERTHEIM SCHRODER & CO. INCORPORATED
020 B000005 13-2697272
020 C000005     28
020 A000006 MORGAN STANLEY & CO. INCORPORATED
020 B000006 13-2655998
020 C000006     26
020 A000007 AUTRANET, INC.
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020 B000007 13-2961507
020 C000007     24
020 A000008 MONTGOMERY SECURITIES
020 B000008 94-1701676
020 C000008     22
020 A000009 OPPENHEIMER & CO., INC.
020 B000009 13-2798343
020 C000009     21
020 A000010 UBS SECURITIES INC.
020 B000010 13-2932996
020 C000010     20
021  000000      582
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001    109629
022 D000001    129379
022 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000002 13-2741729
022 C000002     17149
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022 A000003 SALOMON BROTHERS INC.
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022 C000003         0
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022 A000004 DILLON, READ & CO. INC.
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022 A000005 BEAR, STEARNS & CO. INC.
022 B000005 13-3299429
022 C000005      2818
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022 A000006 FURMAN SELZ INCORPORATED
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022 C000006      1474
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022 B000007 13-2655998
022 C000007      1413
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022 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
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022 A000009 GOLDMAN, SACHS & CO.
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080 A000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 B000000 VIGILANT INSURANCE COMPANY
080 C000000   125000
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SIGNATURE   MICHAEL PETRUCELLI                           
TITLE       ASSISTANT TREASURER 
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER VALUE FUND
<SERIES>
   <NUMBER> 1
   <NAME> DREYFUS PREMIER VALUE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<NET-CHANGE-FROM-OPS>                            32775
<EQUALIZATION>                                       0
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> ROSEMARY DOYLE
<SERIES>
   <NUMBER> 2
   <NAME> DREYFUS PREMIER VALUE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<ACCUMULATED-NII-CURRENT>                        (597)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> ROSEMARY DOYLE
<SERIES>
   <NUMBER> 3
   <NAME> DREYFUS PREMIER VALUE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<ACCUMULATED-NII-CURRENT>                        (597)
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<NET-INVESTMENT-INCOME>                            851  
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<EXPENSE-RATIO>                                   .100
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> ROSEMARY DOYLE
<SERIES>
   <NUMBER> 4
   <NAME> DREYFUS PREMIER VALUE FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
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<PERIOD-END>                               APR-30-1997
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</TABLE>


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