December 29, 1998
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Dreyfus Debt and Equity Funds
File No.: 811-4748
CIK No.: 0000797073
Dear Sir/Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, this is to
certify that the Fund's form of Prospectus and Statement of Additional
Information that would have been filed under paragraph (b) or (c) of Rule
497 does not differ from that contained in the most recent amendment to the
Fund's Registration Statement, electronically filed with the Securities and
Exchange Commission on December 22, 1998.
Very truly yours,
Michele Amante
MPA\
