May 25, 2000
DREYFUS PREMIER HIGH YIELD SECURITIES FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 2000
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE FUND'S PROSPECTUS ENTITLED "YOUR INVESTMENT - SERVICES FOR FUND
INVESTORS."
Class B Shares - Dreyfus Automatic Withdrawal Plan
For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Dreyfus Automatic Withdrawal Plan ("AWP") is added on
or after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does not
exceed an annual rate of 12% of the greater of the account value at the time of
the first withdrawal under the AWP, or the account value at the time of the
subsequent withdrawal.
