June 20, 1994
DREYFUS STRATEGIC INCOME
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 28, 1994
The following information supplements and should be read in
conjunction with the section of the Fund's Prospectus entitled
"Management of the Fund."
The Fund's manager, The Dreyfus Corporation ("Dreyfus"), has entered
into an Agreement and Plan of Merger (the "Merger Agreement") providing
for the merger of Dreyfus with a subsidiary of Mellon Bank Corporation
("Mellon").
Following the merger, Dreyfus will be a direct subsidiary of Mellon
Bank, N.A. Closing of this merger is subject to a number of contingencies,
including receipt of certain regulatory approvals and approvals of the
stockholders of Dreyfus and of Mellon. The merger is expected to occur in
August 1994, but could occur significantly later.
As a result of regulatory requirements and the terms of the Merger
Agreement, Dreyfus will seek various approvals from the Fund's
shareholders before completion of the merger. Proxy materials, approved
by the Fund's Board, recently have been mailed to Fund shareholders.
The following information supplements and should be read in
conjunction with the section of the Fund's Prospectus entitled
"Performance Information."
From time to time advertising materials for the Fund also may refer to
Value Line Mutual Fund Survey company ratings and related analyses
supporting the rating.
031/stkr062094
