This 497(e) filing supercedes the 497(e) submission, accession #
0000811789-00-000004, as filed with the SEC on March 14, 2000 at 5:03 P.M.
March 22, 2000
DREYFUS BASIC GNMA FUND
Supplement to the Statement of Additional Information
Dated May 1, 1999
1. The following information replaces all contrary information contained in the
sections of the Statement of Additional Information ("SAI") entitled
"Description of the Fund", "Management of the Fund" and "Management
Arrangements":
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
2. The following information replaces the information contained in the section
of the Statement of Additional Information ("SAI") entitled "Management of the
Fund - Officers of the Fund":
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
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Investment Officer of the Manager, and an officer of other investment
companies advised and administered by the Manager. Mr. Canter also is a
Director or an Executive Committee Member of the other investment
management subsidiaries of Mellon Financial Corporation, each of which
is an affiliate of the Manager. He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, General Counsel and
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Secretary of the Manager, and an officer of other investment companies
advised and administered by the Manager. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of the Manager, and an officer of other investment companies advised and
administered by the Manager. He is 42 years old.
Michael A. Rosenberg, Secretary. Associate General Counsel of the Manager,
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and an officer of other investment companies advised and administered by
the Manager. He is 40 years old.
Steven F. Newman, Assistant Secretary. Associate General Counsel and
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Assistant Secretary of the Manager, and an officer of other investment
companies advised and administered by the Manager. He is 50 years old.
Mark Kornfeld, Assistant Secretary. Assistant General Counsel of the
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Manager, and an officer of other investment companies advised and
administered by the Manager. From September 1993 to October 1998, Mr.
Kornfeld was an Associate Attorney in the Litigation Group of Clifford
Chance Rogers & Wells, LLP. He is 32 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of the Manager, and an officer of other investment companies
advised and administered by the Manager. He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
