PREMIER VALUE FUND
NSAR-A, 1998-06-25
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<PAGE>      PAGE  1
000 A000000 04/30/98
000 C000000 0000794280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS PREMIER VALUE EQUITY FUNDS
001 B000000 811-04688
001 C000000 2129226788
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  2
007 C010100  1
007 C020100 DREYFUS PREMIER VALUE FUND
007 C030100 N
007 C010200  2
007 C020200 DREYFUS PREMIER INTERNATIONAL VALUE FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH
020 B000001 13-5674085
020 C000001     41
020 A000002 BEAR, STEARNS & CO. INC.
020 B000002 13-3299429
020 C000002     40
020 A000003 AUTRANET, INC.
020 B000003 13-2961507
020 C000003     27
020 A000004 CS FIRST BOSTON CORPORATION
020 B000004 13-5659485
020 C000004     24
020 A000005 J.P. MORGAN SECURITIES INC.
020 B000005 13-3224016
020 C000005     22
<PAGE>      PAGE  2
020 A000006 LEDENBURG, THALMANN & CO. INC.
020 B000006 13-2700032
020 C000006     19
020 A000007 SBC WARBURG
020 B000007 13-3498485
020 C000007     16
020 A000008 FURMAN SELZ INCORPORATED
020 B000008 13-2753731
020 C000008     16
020 A000009 LEHMAN BROTHERS INC.
020 B000009 13-2518466
020 C000009     16
020 A000010 PRUDENTIAL SECURITIES INCORPORATED
020 B000010 22-2347336
020 C000010     16
021  000000      467
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001    215394
022 D000001    227002
022 A000002 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000002 13-2741729
022 C000002     19110
022 D000002      6351
022 A000003 CHICAGO CORPORATION
022 B000003 36-2549961
022 C000003     10241
022 D000003      5140
022 A000004 MORGAN STANLEY & CO. INCORPORATED
022 B000004 13-2655998
022 C000004      7414
022 D000004      6528
022 A000005 AUBREY G. LANSTON & CO. INC.
022 B000005 13-5552129
022 C000005     12650
022 D000005         0
022 A000006 GOLDMAN, SACHS & CO.
022 B000006 13-5108880
022 C000006      3000
022 D000006      7874
022 A000007 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
022 B000007 13-5674085
022 C000007      7299
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022 A000008 FURMAN SELZ INCORPORATED
022 B000008 13-2753731
022 C000008      5023
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022 A000009 J.P. MORGAN SECURITIES INC.
022 B000009 13-3224016
022 C000009       454
<PAGE>      PAGE  3
022 D000009      5299
022 A000010 HAMBRECHT & QUIST INCORPORATED
022 B000010 95-2856935
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023 D000000     262410
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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015 A000201 BANK OF NEW YORK
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015 C030201 10286
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018  000200 Y
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019 C000200 DREYFUSFAM
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<PAGE>      PAGE  8
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030 B000200  5.75
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<PAGE>      PAGE  9
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050  000200 N
051  000200 N
052  000200 N
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<PAGE>      PAGE  10
062 Q000200   0.0
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066 A000200 Y
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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SIGNATURE   MICHAEL PETRUCELLI
TITLE       ASSISTANT TREASURER



<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER VALUE FUND
<SERIES>
   <NUMBER> 001
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
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<TABLE> <S> <C>

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<NAME> DREYFUS PREMIER VALUE FUND
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<TABLE> <S> <C>

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<CIK> 0000794280
<NAME> DREYFUS PREMEIR VALUE FUND
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<PER-SHARE-NAV-END>                              22.09
<EXPENSE-RATIO>                                   .009
<AVG-DEBT-OUTSTANDING>                              85
<AVG-DEBT-PER-SHARE>                               .01
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER VALUE FUND
<SERIES>
   <NUMBER> 004
   <NAME> CLASS R
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                           227835
<INVESTMENTS-AT-VALUE>                          269604
<RECEIVABLES>                                     4057
<ASSETS-OTHER>                                     320
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<TOTAL-ASSETS>                                  273981
<PAYABLE-FOR-SECURITIES>                          2831
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                         8921
<TOTAL-LIABILITIES>                              11752
<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-PRIOR>                                0
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                         6
<DIVIDEND-INCOME>                                 1904
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<APPREC-INCREASE-CURRENT>                         5269
<NET-CHANGE-FROM-OPS>                            25086
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
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<NUMBER-OF-SHARES-REDEEMED>                        (1)
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<PER-SHARE-NAV-BEGIN>                            24.30
<PER-SHARE-NII>                                   .010
<PER-SHARE-GAIN-APPREC>                          2.080
<PER-SHARE-DIVIDEND>                            (.150)
<PER-SHARE-DISTRIBUTIONS>                      (3.480)
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   .008
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER INTERNATIONAL VALUE FUND
<SERIES>
   <NUMBER> 005
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                             4982
<INVESTMENTS-AT-VALUE>                            4966
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<OTHER-ITEMS-ASSETS>                                 0
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<SENIOR-LONG-TERM-DEBT>                              0
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<ACCUMULATED-NII-CURRENT>                            6
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              6
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (16)
<NET-ASSETS>                                      3498
<DIVIDEND-INCOME>                                    9
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<EXPENSES-NET>                                       9
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                             6
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<EXPENSE-RATIO>                                   .004
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER INTERNATIONAL VALUE FUND
<SERIES>
   <NUMBER> 006
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                             4982
<INVESTMENTS-AT-VALUE>                            4966
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<OTHER-ITEMS-LIABILITIES>                           15
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                               40
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            6
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              6
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (16)
<NET-ASSETS>                                       499
<DIVIDEND-INCOME>                                    9
<INTEREST-INCOME>                                    6
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<EXPENSES-NET>                                       9
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                             6
<APPREC-INCREASE-CURRENT>                         (16)
<NET-CHANGE-FROM-OPS>                              (4)
<EQUALIZATION>                                       0
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<NUMBER-OF-SHARES-SOLD>                             40
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<OVERDIST-NET-GAINS-PRIOR>                           0
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<PER-SHARE-NII>                                   .010
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<EXPENSE-RATIO>                                   .005
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER INTERNATIONAL VALUE FUND
<SERIES>
   <NUMBER> 007
   <NAME> CLASS C
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                             4982
<INVESTMENTS-AT-VALUE>                            4966
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<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              6
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          (16)
<NET-ASSETS>                                       499
<DIVIDEND-INCOME>                                    9
<INTEREST-INCOME>                                    6
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<EXPENSES-NET>                                       9
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                             6
<APPREC-INCREASE-CURRENT>                         (16)
<NET-CHANGE-FROM-OPS>                              (4)
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<NUMBER-OF-SHARES-SOLD>                             40
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<PER-SHARE-NII>                                   .010
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<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS PREMIER INTERNATIONAL VALUE FUND
<SERIES>
   <NUMBER> 008
   <NAME> CLASS R
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          OCT-31-1998
<PERIOD-END>                               APR-30-1998
<INVESTMENTS-AT-COST>                             4982
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<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                       500
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<EXPENSES-NET>                                       9
<NET-INVESTMENT-INCOME>                              6
<REALIZED-GAINS-CURRENT>                             6
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<NET-CHANGE-FROM-OPS>                              (4)
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<PER-SHARE-NII>                                   .020
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<EXPENSE-RATIO>                                   .004
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<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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