DREYFUS BASIC GNMA FUND
485BPOS, 2000-05-02
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                                                          File Nos. 33-12660
                                                                    811-5074

                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM N-1A


REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933             [X]


         Pre-Effective Amendment No.                                [ ]

         Post-Effective Amendment No. 28                            [X]
                                     and/or


REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [X]

         Amendment No. 28                                           [X]

                        (Check appropriate box or boxes.)

                             DREYFUS BASIC GNMA FUND
               (Exact Name of Registrant as Specified in Charter)

                           c/o The Dreyfus Corporation
                  200 Park Avenue, New York, New York          10166
                  (Address of Principal Executive Offices)    (Zip Code)

         Registrant's Telephone Number, including Area Code: (212) 922-6000

                              Mark N. Jacobs, Esq.
                                 200 Park Avenue
                            New York, New York 10166
                     (Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box)

           X
         ----     immediately upon filing pursuant to paragraph (b)

                  on      (DATE)      pursuant to paragraph (b)
         ----        ---------------

         ----     60 days after filing pursuant to paragraph (a)(1)

         ----     on     (DATE)      pursuant to paragraph (a)(1)
                     ---------------

         ----     75 days after filing pursuant to paragraph (a)(2)

         ----     on     (DATE)      pursuant to paragraph (a)(2) of Rule 485
                     ---------------



If appropriate, check the following box:

                  this post-effective amendment designates a new effective date
                  for a previously filed post-effective amendment.
         ----

<PAGE>


                            DREYFUS BASIC GNMA FUND

                           PART C. OTHER INFORMATION
                          ----------------------------


Item 23.        Exhibits
- -------         ----------


     (a)        Registrant's Agreement and Declaration of Trust is
                incorporated by reference to Exhibit (1) of Post-Effective
                Amendment No. 14 to the Registration Statement on Form N-1A,
                filed on November 1, 1993. Articles of Amendment are
                incorporated by reference to Exhibit (1)(b) of Post-Effective
                Amendment No. 19 to the Registration Statement on Form N-1A,
                filed on August 24, 1995.


     (b)        Registrant's By-Laws, as amended, are incorporated by
                reference to Exhibit (b) of Post-Effective Amendment No. 27 to
                the Registration Statement on Form N-1A, filed April 28, 2000.


     (d)        Management Agreement is incorporated by reference to Exhibit
                (5) of Post-Effective Amendment No. 20 to the Registration
                Statement on Form N-1A, filed on October 25, 1995.


     (e)        Revised Distribution Agreement is incorporated by reference to
                Exhibit (e) of Post-Effective Amendment No. 27 to the
                Registration Statement on Form N-1A, filed on April 28, 2000.


     (g)        Custody Agreement is incorporated by reference to Exhibit 8
                of Post-Effective Amendment No. 21 to the Registration
                Statement on Form N-1A, filed on April 11, 1996.

     (h)        Shareholder Services Plan is incorporated by reference to
                Exhibit (9) of Post-Effective Amendment No. 20 to the
                Registration Statement on Form N-1A, filed on October 25, 1995.

     (i)        Opinion and consent of Registrant's counsel is incorporated by
                reference to Exhibit (10) of Pre-Effective Amendment No. 15 to
                the Registration Statement on Form N-1A, filed on December 30,
                1993.

     (j)        Consent of Independent Auditors is incorporated by reference
                to Exhibit (j) of Post-Effective Amendment No. 27 to the
                Registration Statement on Form N-1A, filed on April 28, 2000.


     (p)        Code of Ethics adopted by the Registrant is incorporated by
                reference to Exhibit (p) of Post-Effective Amendment No. 27
                to the Registration Statement on Form N-1A, filed on
                April 28, 2000.



<PAGE>


Item 23.        Exhibits. - List (continued)
- -------         -------------------------------

                Other Exhibits
                --------------


                        (a)      Powers of Attorney.

                        (b)      Certificate of Secretary is incorporated by
                                 reference to Other Exhibit (b) of Post-
                                 Effective Amendment No. 27 to the Registration
                                 Statement on Form N-1A, filed on April 28,
                                 2000.

Item 24.        Persons Controlled by or under Common Control with Registrant.
- -------         -------------------------------------------------------------

                Not Applicable

Item 25.        Indemnification
- -------         ---------------


                The Statement as to the general effect of any contract,
                arrangements or statute under which a Board member, officer,
                underwriter or affiliated person of the Registrant is insured or
                indemnified in any manner against any liability which may be
                incurred in such capacity, other than insurance provided by any
                Board member, officer, affiliated person or underwriter for
                their own protection, is incorporated by reference to Item 27 of
                Part C of Post-Effective Amendment No.24 to the Registration
                Statement on Form N-1A, filed on April 23, 1998.

                Reference is also made to the Distribution Agreement attached
                as Exhibit 23(e) to Post-Effective Amendment No. 27.

Item 26.        Business and Other Connections of Investment Adviser.
- -------         ----------------------------------------------------

                The Dreyfus Corporation ("Dreyfus") and subsidiary companies
                comprise a financial service organization whose business
                consists primarily of providing investment management services
                as the investment adviser and manager for sponsored investment
                companies registered under the Investment Company Act of 1940
                and as an investment adviser to institutional and individual
                accounts. Dreyfus also serves as sub-investment adviser to
                and/or administrator of other investment companies. Dreyfus
                Service Corporation, a wholly-owned subsidiary of Dreyfus,
                serves primarily as a registered broker-dealer and distributor
                of other investment companies advised and administered by
                Dreyfus. Dreyfus Investment Advisors, Inc., another wholly-owned
                subsidiary, provides investment management services to various
                pension plans, institutions and individuals.

<TABLE>
<CAPTION>
<S>                                <C>                                   <C>                            <C>
ITEM 26.          Business and Other Connections of Investment Adviser (continued)
- ----------------------------------------------------------------------------------


                  Officers and Directors of Investment Adviser

Name and Position
With Dreyfus                       Other Businesses                      Position Held                 Dates

CHRISTOPHER M. CONDRON             Franklin Portfolio Associates,        Director                      1/97 - Present
Chairman of the Board and          LLC*
Chief Executive Officer
                                   TBCAM Holdings, Inc.*                 Director                      10/97 - Present
                                                                         President                     10/97 - 6/98
                                                                         Chairman                      10/97 - 6/98

                                   The Boston Company                    Director                      1/98 - Present
                                   Asset Management, LLC*                Chairman                      1/98 - 6/98
                                                                         President                     1/98 - 6/98

                                   The Boston Company                    President                     9/95 - 1/98
                                   Asset Management, Inc.*               Chairman                      4/95 - 1/98
                                                                         Director                      4/95 - 1/98

                                   Franklin Portfolio Holdings, Inc.*    Director                      1/97 - Present

                                   Certus Asset Advisors Corp.**         Director                      6/95 - Present

                                   Mellon Capital Management             Director                      5/95 - Present
                                   Corporation***

                                   Mellon Bond Associates, LLP+          Executive Committee           1/98 - Present
                                                                         Member

                                   Mellon Bond Associates+               Trustee                       5/95 - 1/98

                                   Mellon Equity Associates, LLP+        Executive Committee           1/98 - Present
                                                                         Member

                                   Mellon Equity Associates+             Trustee                       5/95 - 1/98

                                   Boston Safe Advisors, Inc.*           Director                      5/95 - Present
                                                                         President                     5/95 - Present

                                   Mellon Bank, N.A. +                   Director                      1/99 - Present
                                                                         Chief Operating Officer       3/98 - Present
                                                                         President                     3/98 - Present
                                                                         Vice Chairman                 11/94 - 3/98

                                   Mellon Financial Corporation+         Chief Operating Officer       1/99 - Present
                                                                         President                     1/99 - Present
                                                                         Director                      1/98 - Present
                                                                         Vice Chairman                 11/94 - 1/99

                                   Founders Asset Management,            Chairman                      12/97 - Present
                                   LLC****                               Director                      12/97 - Present

                                   The Boston Company, Inc.*             Vice Chairman                 1/94 - Present
                                                                         Director                      5/93 - Present

                                   Laurel Capital Advisors, LLP+         Executive Committee           1/98 - 8/98
                                                                         Member

                                   Laurel Capital Advisors+              Trustee                       10/93 - 1/98

                                   Boston Safe Deposit and Trust         Director                      5/93 - Present
                                   Company*

                                   The Boston Company Financial          President                     6/89 - 1/97
                                   Strategies, Inc. *                    Director                      6/89 - 1/97

MANDELL L. BERMAN                  Self-Employed                         Real Estate Consultant,       11/74 - Present
Director                           29100 Northwestern Highway            Residential Builder and
                                   Suite 370                             Private Investor
                                   Southfield, MI 48034

BURTON C. BORGELT                  DeVlieg Bullard, Inc.                 Director                      1/93 - Present
Director                           1 Gorham Island
                                   Westport, CT 06880

                                   Mellon Financial Corporation+         Director                      6/91 - Present

                                   Mellon Bank, N.A. +                   Director                      6/91 - Present

                                   Dentsply International, Inc.          Director                      2/81 - Present
                                   570 West College Avenue
                                   York, PA

                                   Quill Corporation                     Director                      3/93 - Present
                                   Lincolnshire, IL

STEPHEN R. BYERS                   Dreyfus Service Corporation++         Senior Vice President         3/00 - Present
Director of Investments

                                   Gruntal & Co., LLC                    Executive Vice President      5/97 - 11/99
                                   New York, NY                          Partner                       5/97 - 11/99
                                                                         Executive Committee           5/97 - 11/99
                                                                         Member
                                                                         Board of Directors            5/97 - 11/99
                                                                         Member
                                                                         Treasurer                     5/97 - 11/99
                                                                         Chief Financial Officer       5/97 - 6/99

STEPHEN E. CANTER                  Dreyfus Investment                    Chairman of the Board         1/97 - Present
President, Chief Operating         Advisors, Inc.++                      Director                      5/95 - Present
Officer, Chief Investment                                                President                     5/95 - Present
Officer, and Director

                                   Newton Management Limited             Director                      2/99 - Present
                                   London, England

                                   Mellon Bond Associates, LLP+          Executive Committee           1/99 - Present
                                                                         Member

                                   Mellon Equity Associates, LLP+        Executive Committee           1/99 - Present
                                                                         Member

                                   Franklin Portfolio Associates,        Director                      2/99 - Present
                                   LLC*

                                   Franklin Portfolio Holdings, Inc.*    Director                      2/99 - Present

                                   The Boston Company Asset              Director                      2/99 - Present
                                   Management, LLC*

                                   TBCAM Holdings, Inc.*                 Director                      2/99 - Present

                                   Mellon Capital Management             Director                      1/99 - Present
                                   Corporation***

                                   Founders Asset Management,            Member, Board of              12/97 - Present
                                   LLC****                               Managers
                                                                         Acting Chief Executive        7/98 - 12/98
                                                                         Officer

                                   The Dreyfus Trust Company+++          Director                      6/95 - Present
                                                                         Chairman                      1/99 - Present
                                                                         President                     1/99 - Present
                                                                         Chief Executive Officer       1/99 - Present

THOMAS F. EGGERS                   Dreyfus Service Corporation++         Chief Executive Officer       3/00 - Present
Vice Chairman - Institutional                                            and Chairman of the
And Director                                                             Board
                                                                         Executive Vice President      4/96 - 3/00
                                                                         Director                      9/96 - Present

                                   Founders Asset Management,            Member, Board of              2/99 - Present
                                   LLC****                               Managers

                                   Dreyfus Investment Advisors, Inc.     Director                      1/00 - Present

                                   Dreyfus Service Organization,         Director                      3/99 - Present
                                   Inc.++

                                   Dreyfus Insurance Agency of           Director                      3/99 - Present
                                   Massachusetts, Inc. +++

                                   Dreyfus Brokerage Services, Inc.      Director                      11/97 - 6/98
                                   401 North Maple Avenue
                                   Beverly Hills, CA.

STEVEN G. ELLIOTT                  Mellon Financial Corporation+         Senior Vice Chairman          1/99 - Present
Director                                                                 Chief Financial Officer       1/90 - Present
                                                                         Vice Chairman                 6/92 - 1/99
                                                                         Treasurer                     1/90 - 5/98

                                   Mellon Bank, N.A.+                    Senior Vice Chairman          3/98 - Present
                                                                         Vice Chairman                 6/92 - 3/98
                                                                         Chief Financial Officer       1/90 - Present

                                   Mellon EFT Services Corporation       Director                      10/98 - Present
                                   Mellon Bank Center, 8th Floor
                                   1735 Market Street
                                   Philadelphia, PA 19103

                                   Mellon Financial Services             Director                      1/96 - Present
                                   Corporation #1                        Vice President                1/96 - Present
                                   Mellon Bank Center, 8th Floor
                                   1735 Market Street
                                   Philadelphia, PA 19103

                                   Boston Group Holdings, Inc.*          Vice President                5/93 - Present

                                   APT Holdings Corporation              Treasurer                     12/87 - Present
                                   Pike Creek Operations Center
                                   4500 New Linden Hill Road
                                   Wilmington, DE 19808

                                   Allomon Corporation                   Director                      12/87 - Present
                                   Two Mellon Bank Center
                                   Pittsburgh, PA 15259

                                   Collection Services Corporation       Controller                    10/90 - 2/99
                                   500 Grant Street                      Director                      9/88 - 2/99
                                   Pittsburgh, PA 15258                  Vice President                9/88 - 2/99
                                                                         Treasurer                     9/88 - 2/99

                                   Mellon Financial Company+             Principal Exec. Officer       1/88 - Present
                                                                         Chief Executive Officer       8/87 - Present
                                                                         Director                      8/87 - Present
                                                                         President                     8/87 - Present

                                   Mellon Overseas Investments           Director                      4/88 - Present
                                   Corporation+

                                   Mellon Financial Services             Treasurer                     12/87 - Present
                                   Corporation # 5+

                                   Mellon Financial Markets, Inc.+       Director                      1/99 - Present

                                   Mellon Financial Services             Director                      1/99 - Present
                                   Corporation #17
                                   Fort Lee, NJ

                                   Mellon Mortgage Company               Director                      1/99 - Present
                                   Houston, TX

                                   Mellon Ventures, Inc. +               Director                      1/99 - Present

LAWRENCE S. KASH                   Dreyfus Investment                    Director                      4/97 - 12/99
Vice Chairman                      Advisors, Inc.++

                                   Dreyfus Brokerage Services, Inc.      Chairman                      11/97 - 2/99
                                   401 North Maple Ave.                  Chief Executive Officer       11/97 - 2/98
                                   Beverly Hills, CA

                                   Dreyfus Service Corporation++         Director                      1/95 - 2/99
                                                                         President                     9/96 - 3/99

                                   Dreyfus Precious Metals, Inc.+++      Director                      3/96 - 12/98
                                                                         President                     10/96 - 12/98

                                   Dreyfus Service                       Director                      12/94 - 3/99
                                   Organization, Inc.++                  President                     1/97 -  3/99

                                   Seven Six Seven Agency, Inc. ++       Director                      1/97 - 4/99

                                   Dreyfus Insurance Agency of           Chairman                      5/97 - 3/99
                                   Massachusetts, Inc.++++               President                     5/97 - 3/99
                                                                         Director                      5/97 - 3/99

                                   The Dreyfus Trust Company+++          Chairman                      1/97 - 1/99
                                                                         President                     2/97 - 1/99
                                                                         Chief Executive Officer       2/97 - 1/99
                                                                         Director                      12/94 - Present

                                   The Dreyfus Consumer Credit           Chairman                      5/97 - 6/99
                                   Corporation++                         President                     5/97 - 6/99
                                                                         Director                      12/94 - 6/99

                                   Founders Asset Management,            Member, Board of              12/97 - 12/99
                                   LLC****                               Managers

                                   The Boston Company Advisors,          Chairman                      12/95 - 1/99
                                   Inc.                                  Chief Executive Officer       12/95 - 1/99
                                   Wilmington, DE                        President                     12/95 - 1/99

                                   The Boston Company, Inc.*             Director                      5/93 - 1/99
                                                                         President                     5/93 - 1/99

                                   Mellon Bank, N.A.+                    Executive Vice President      6/92 - Present

                                   Laurel Capital Advisors, LLP+         Chairman                      1/98 - 8/98
                                                                         Executive Committee           1/98 - 8/98
                                                                         Member
                                                                         Chief Executive Officer       1/98 - 8/98
                                                                         President                     1/98 - 8/98

                                   Laurel Capital Advisors, Inc. +       Trustee                       12/91 - 1/98
                                                                         Chairman                      9/93 - 1/98
                                                                         President and CEO             12/91 - 1/98

                                   Boston Group Holdings, Inc.*          Director                      5/93 - Present
                                                                         President                     5/93 - Present

                                   Boston Safe Deposit & Trust Co.+      Director                      6/93 - 1/99
                                                                         Executive Vice President      6/93 - 4/98

MARTIN G. MCGUINN                  Mellon Financial Corporation+         Chairman                      1/99 - Present
Director                                                                 Chief Executive Officer       1/99 - Present
                                                                         Director                      1/98 - Present
                                                                         Vice Chairman                 1/90 - 1/99

                                   Mellon Bank, N. A. +                  Chairman                      3/98 - Present
                                                                         Chief Executive Officer       3/98 - Present
                                                                         Director                      1/98 - Present
                                                                         Vice Chairman                 1/90 - 3/98

                                   Mellon Leasing Corporation+           Vice Chairman                 12/96 - Present

                                   Mellon Bank (DE) National             Director                      4/89 - 12/98
                                   Association
                                   Wilmington, DE

                                   Mellon Bank (MD) National             Director                      1/96 - 4/98
                                   Association
                                   Rockville, Maryland

J. DAVID OFFICER                   Dreyfus Service Corporation++         President                     3/00 - Present
Vice Chairman                                                            Executive Vice President      5/98 - 3/00
And Director                                                             Director                      3/99 - Present

                                   Dreyfus Service Organization,         Director                      3/99 - Present
                                   Inc.++

                                   Dreyfus Insurance Agency of           Director                      5/98 - Present
                                   Massachusetts, Inc.++++

                                   Dreyfus Brokerage Services, Inc.      Chairman                      3/99 - Present
                                   401 North Maple Avenue
                                   Beverly Hills, CA

                                   Seven Six Seven Agency, Inc.++        Director                      10/98 - Present

                                   Mellon Residential Funding Corp. +    Director                      4/97 - Present

                                   Mellon Trust of Florida, N.A.         Director                      8/97 - Present
                                   2875 Northeast 191st Street
                                   North Miami Beach, FL 33180

                                   Mellon Bank, NA+                      Executive Vice President      7/96 - Present

                                   The Boston Company, Inc.*             Vice Chairman                 1/97 - Present
                                                                         Director                      7/96 - Present

                                   Mellon Preferred Capital              Director                      11/96 - 1/99
                                   Corporation*

                                   RECO, Inc.*                           President                     11/96 - Present
                                                                         Director                      11/96 - Present

                                   The Boston Company Financial          President                     8/96 - 6/99
                                   Services, Inc.*                       Director                      8/96 - 6/99

                                   Boston Safe Deposit and Trust         Director                      7/96 - Present
                                   Company*                              President                     7/96 - 1/99

                                   Mellon Trust of New York              Director                      6/96 - Present
                                   1301 Avenue of the Americas
                                   New York, NY 10019

                                   Mellon Trust of California            Director                      6/96 - Present
                                   400 South Hope Street
                                   Suite 400
                                   Los Angeles, CA 90071

                                   Mellon United National Bank           Director                      3/98 - Present
                                   1399 SW 1st Ave., Suite 400
                                   Miami, Florida

                                   Boston Group Holdings, Inc.*          Director                      12/97 - Present

                                   Dreyfus Financial Services Corp. +    Director                      9/96 - Present

                                   Dreyfus Investment Services           Director                      4/96 - Present
                                   Corporation+

RICHARD W. SABO                    Founders Asset Management             President                     12/98 - Present
Director                           LLC****                               Chief Executive Officer       12/98 - Present

                                   Prudential Securities                 Senior Vice President         07/91 - 11/98
                                   New York, NY                          Regional Director             07/91 - 11/98

RICHARD F. SYRON                   Thermo Electron                       President                     6/99 - Present
Director                           81 Wyman Street                       Chief Executive Officer       6/99 - Present
                                   Waltham, MA 02454-9046

                                   American Stock Exchange               Chairman                      4/94 - 6/99
                                   86 Trinity Place                      Chief Executive Officer       4/94 - 6/99
                                   New York, NY 10006

RONALD P. O'HANLEY                 Franklin Portfolio Holdings, Inc.*    Director                      3/97 - Present
Vice Chairman

                                   Franklin Portfolio Associates,        Director                      3/97 - Present
                                   LLC*

                                   Boston Safe Deposit and Trust         Executive Committee           1/99 - Present
                                   Company*                              Member
                                                                         Director                      1/99 - Present

                                   The Boston Company, Inc.*             Executive Committee           1/99 - Present
                                                                         Member                        1/99 - Present
                                                                         Director

                                   Buck Consultants, Inc.++              Director                      7/97 - Present

                                   Newton Asset Management LTD           Executive Committee           10/98 - Present
                                   (UK)                                  Member
                                   London, England                       Director                      10/98 - Present

                                   Mellon Asset Management               Non-Resident Director         11/98 - Present
                                   (Japan) Co., LTD
                                   Tokyo, Japan

                                   TBCAM Holdings, Inc.*                 Director                      10/97 - Present

                                   The Boston Company Asset              Director                      1/98 - Present
                                   Management, LLC*

                                   Boston Safe Advisors, Inc.*           Chairman                      6/97 - Present
                                                                         Director                      2/97 - Present

                                   Pareto Partners                       Partner Representative        5/97 - Present
                                   271 Regent Street
                                   London, England W1R 8PP

                                   Mellon Capital Management             Director                      2/97 -Present
                                   Corporation***

                                   Certus Asset Advisors Corp.**         Director                      2/97 - Present

                                   Mellon Bond Associates; LLP+          Trustee                       1/98 - Present
                                                                         Chairman                      1/98 - Present

                                   Mellon Equity Associates; LLP+        Trustee                       1/98 - Present
                                                                         Chairman                      1/98 - Present

                                   Mellon-France Corporation+            Director                      3/97 - Present

                                   Laurel Capital Advisors+              Trustee                       3/97 - Present

MARK N. JACOBS                     Dreyfus Investment                    Director                      4/97 - Present
General Counsel,                   Advisors, Inc.++                      Secretary                     10/77 - 7/98
Vice President, and
Secretary                          The Dreyfus Trust Company+++          Director                      3/96 - Present

                                   The TruePenny Corporation++           President                     10/98 - Present
                                                                         Director                      3/96 - Present

                                   Dreyfus Service                       Director                      3/97 - 3/99
                                   Organization, Inc.++

WILLIAM H. MARESCA                 The Dreyfus Trust Company+++          Chief Financial Officer       3/99 - Present
Controller                                                               Treasurer                     9/98 - Present
                                                                         Director                      3/97 - Present

                                   Dreyfus Service Corporation++         Chief Financial Officer       12/98 - Present

                                   Dreyfus Consumer Credit Corp. ++      Treasurer                     10/98 - Present

                                   Dreyfus Investment                    Treasurer                     10/98 - Present
                                   Advisors, Inc. ++

                                   Dreyfus-Lincoln, Inc.                 Vice President                10/98 - Present
                                   4500 New Linden Hill Road
                                   Wilmington, DE 19808

                                   The TruePenny Corporation++           Vice President                10/98 - Present

                                   Dreyfus Precious Metals, Inc. +++     Treasurer                     10/98 - 12/98

                                   The Trotwood Corporation++            Vice President                10/98 - Present

                                   Trotwood Hunters Corporation++        Vice President                10/98 - Present

                                   Trotwood Hunters Site A Corp. ++      Vice President                10/98 - Present

                                   Dreyfus Transfer, Inc.                Chief Financial Officer       5/98 - Present
                                   One American Express Plaza,
                                   Providence, RI 02903

                                   Dreyfus Service                       Treasurer                     3/99 - Present
                                   Organization, Inc.++                  Assistant  Treasurer          3/93 - 3/99

                                   Dreyfus Insurance Agency of           Assistant Treasurer           5/98 - Present
                                   Massachusetts, Inc.++++


WILLIAM T. SANDALLS, JR.           Dreyfus Transfer, Inc.                Chairman                      2/97 - Present
Executive Vice President           One American Express Plaza,
                                   Providence, RI 02903

                                   Dreyfus Service Corporation++         Director                      1/96 - Present
                                                                         Executive Vice President      2/97 - Present
                                                                         Chief Financial Officer       2/97 - 12/98

                                   Dreyfus Investment                    Director                      1/96 - Present
                                   Advisors, Inc.++                      Treasurer                     1/96 - 10/98

                                   Dreyfus-Lincoln, Inc.                 Director                      12/96 - Present
                                   4500 New Linden Hill Road             President                     1/97 - Present
                                   Wilmington, DE 19808

                                   Seven Six Seven Agency, Inc.++        Director                      1/96 - 10/98
                                                                         Treasurer                     10/96 - 10/98

                                   The Dreyfus Consumer                  Director                      1/96 - Present
                                   Credit Corp.++                        Vice President                1/96 - Present
                                                                         Treasurer                     1/97 - 10/98

                                   The Dreyfus Trust Company +++         Director                      1/96 - Present

                                   Dreyfus Service Organization,         Treasurer                     10/96 - 3/99
                                   Inc.++

                                   Dreyfus Insurance Agency of           Director                      5/97 - 3/99
                                   Massachusetts, Inc.++++               Treasurer                     5/97 - 3/99
                                                                         Executive Vice President      5/97 - 3/99

DIANE P. DURNIN                    Dreyfus Service Corporation++         Senior Vice President -       5/95 - 3/99
Vice President - Product                                                 Marketing and Advertising
Development                                                              Division

PATRICE M. KOZLOWSKI               NONE
Vice President - Corporate
Communications

MARY BETH LEIBIG                   NONE
Vice President -
Human Resources

THEODORE A. SCHACHAR               Dreyfus Service Corporation++         Vice President -Tax           10/96 - Present
Vice President - Tax
                                   The Dreyfus Consumer Credit           Chairman                      6/99 - Present
                                   Corporation ++                        President                     6/99 - Present

                                   Dreyfus Investment Advisors,          Vice President - Tax          10/96 - Present
                                   Inc.++

                                   Dreyfus Precious Metals, Inc. +++     Vice President - Tax          10/96 - 12/98

                                   Dreyfus Service Organization,         Vice President - Tax          10/96 - Present
                                   Inc.++


WENDY STRUTT                       None
Vice President

RICHARD TERRES                     None
Vice President

RAYMOND J. VAN COTT                Mellon Financial Corporation+         Vice President                7/98 - Present
Vice-President -
Information Systems
                                   Computer Sciences Corporation         Vice President                1/96 - 7/98
                                   El Segundo, CA

JAMES BITETTO                      The TruePenny Corporation++           Secretary                     9/98 - Present
ASSISTANT SECRETARY
                                   Dreyfus Service Corporation++         Assistant Secretary           8/98 - Present

                                   Dreyfus Investment                    Assistant Secretary           7/98 - Present
                                   Advisors, Inc.++

                                   Dreyfus Service                       Assistant Secretary           7/98 - Present
                                   Organization, Inc.++

STEVEN F. NEWMAN                   Dreyfus Transfer, Inc.                Vice President                2/97 - Present
Assistant Secretary                One American Express Plaza            Director                      2/97 - Present
                                   Providence, RI 02903                  Secretary                     2/97 - Present

                                   Dreyfus Service                       Secretary                     7/98 - Present
                                   Organization, Inc.++                  Assistant Secretary           5/98 - 7/98





*        The address of the business so indicated is One Boston Place, Boston, Massachusetts, 02108.
**       The address of the business so indicated is One Bush Street, Suite 450, San Francisco, California 94104.
***      The address of the business so indicated is 595 Market Street, Suite 3000, San Francisco, California 94105.
****     The address of the business so indicated is 2930 East Third Avenue, Denver, Colorado 80206.
+        The address of the business so indicated is One Mellon Bank Center, Pittsburgh, Pennsylvania 15258.
++       The address of the business so indicated is 200 Park Avenue, New York, New York 10166.
+++      The address of the business so indicated is 144 Glenn Curtiss Boulevard, Uniondale, New York 11556-0144.
++++     The address of the business so indicated is 53 State Street, Boston, Massachusetts 02109.

</TABLE>


Item 27.    Principal Underwriters
- --------    ----------------------

      (a) Other investment companies for which Registrant's principal
underwriter (exclusive distributor) acts as principal underwriter or exclusive
distributor:

1)       Dreyfus A Bonds Plus, Inc.
2)       Dreyfus Appreciation Fund, Inc.
3)       Dreyfus Balanced Fund, Inc.
4)       Dreyfus BASIC GNMA Fund
5)       Dreyfus BASIC Money Market Fund, Inc.
6)       Dreyfus BASIC Municipal Fund, Inc.
7)       Dreyfus BASIC U.S. Government Money Market Fund
8)       Dreyfus California Intermediate Municipal Bond Fund
9)       Dreyfus California Tax Exempt Bond Fund, Inc.
10)      Dreyfus California Tax Exempt Money Market Fund
11)      Dreyfus Cash Management
12)      Dreyfus Cash Management Plus, Inc.
13)      Dreyfus Connecticut Intermediate Municipal Bond Fund
14)      Dreyfus Connecticut Municipal Money Market Fund, Inc.
15)      Dreyfus Florida Intermediate Municipal Bond Fund
16)      Dreyfus Florida Municipal Money Market Fund
17)      Dreyfus Founders Funds, Inc.
18)      The Dreyfus Fund Incorporated
19)      Dreyfus Global Bond Fund, Inc.
20)      Dreyfus Global Growth Fund
21)      Dreyfus GNMA Fund, Inc.
22)      Dreyfus Government Cash Management Funds
23)      Dreyfus Growth and Income Fund, Inc.
24)      Dreyfus Growth and Value Funds, Inc.
25)      Dreyfus Growth Opportunity Fund, Inc.
26)      Dreyfus Debt and Equity Funds
27)      Dreyfus Index Funds, Inc.
28)      Dreyfus Institutional Money Market Fund
29)      Dreyfus Institutional Preferred Money Market Fund
30)      Dreyfus Institutional Short Term Treasury Fund
31)      Dreyfus Insured Municipal Bond Fund, Inc.
32)      Dreyfus Intermediate Municipal Bond Fund, Inc.
33)      Dreyfus International Funds, Inc.
34)      Dreyfus Investment Grade Bond Funds, Inc.
35)      Dreyfus Investment Portfolios
36)      The Dreyfus/Laurel Funds, Inc.
37)      The Dreyfus/Laurel Funds Trust
38)      The Dreyfus/Laurel Tax-Free Municipal Funds
39)      Dreyfus LifeTime Portfolios, Inc.
40)      Dreyfus Liquid Assets, Inc.
41)      Dreyfus Massachusetts Intermediate Municipal Bond Fund
42)      Dreyfus Massachusetts Municipal Money Market Fund
43)      Dreyfus Massachusetts Tax Exempt Bond Fund
44)      Dreyfus MidCap Index Fund
45)      Dreyfus Money Market Instruments, Inc.
46)      Dreyfus Municipal Bond Fund, Inc.
47)      Dreyfus Municipal Cash Management Plus
48)      Dreyfus Municipal Money Market Fund, Inc.
49)      Dreyfus New Jersey Intermediate Municipal Bond Fund
50)      Dreyfus New Jersey Municipal Bond Fund, Inc.
51)      Dreyfus New Jersey Municipal Money Market Fund, Inc.
52)      Dreyfus New Leaders Fund, Inc.
53)      Dreyfus New York Municipal Cash Management
54)      Dreyfus New York Tax Exempt Bond Fund, Inc.
55)      Dreyfus New York Tax Exempt Intermediate Bond Fund
56)      Dreyfus New York Tax Exempt Money Market Fund
57)      Dreyfus U.S. Treasury Intermediate Term Fund
58)      Dreyfus U.S. Treasury Long Term Fund
59)      Dreyfus 100% U.S. Treasury Money Market Fund
60)      Dreyfus U.S. Treasury Short Term Fund
61)      Dreyfus Pennsylvania Intermediate Municipal Bond Fund
62)      Dreyfus Pennsylvania Municipal Money Market Fund
63)      Dreyfus Premier California Municipal Bond Fund
64)      Dreyfus Premier Equity Funds, Inc.
65)      Dreyfus Premier International Funds, Inc.
66)      Dreyfus Premier GNMA Fund
67)      Dreyfus Premier Worldwide Growth Fund, Inc.
68)      Dreyfus Premier Municipal Bond Fund
69)      Dreyfus Premier New York Municipal Bond Fund
70)      Dreyfus Premier State Municipal Bond Fund
71)      Dreyfus Premier Value Equity Funds
72)      Dreyfus Short-Intermediate Government Fund
73)      Dreyfus Short-Intermediate Municipal Bond Fund
74)      The Dreyfus Socially Responsible Growth Fund, Inc.
75)      Dreyfus Stock Index Fund
76)      Dreyfus Tax Exempt Cash Management
77)      The Dreyfus Premier Third Century Fund, Inc.
78)      Dreyfus Treasury Cash Management
79)      Dreyfus Treasury Prime Cash Management
80)      Dreyfus Variable Investment Fund
81)      Dreyfus Worldwide Dollar Money Market Fund, Inc.
82)      General California Municipal Bond Fund, Inc.
83)      General California Municipal Money Market Fund
84)      General Government Securities Money Market Funds, Inc.
85)      General Money Market Fund, Inc.
86)      General Municipal Bond Fund, Inc.
87)      General Municipal Money Market Funds, Inc.
88)      General New York Municipal Bond Fund, Inc.
89)      General New York Municipal Money Market Fund

<TABLE>
<CAPTION>
<S>                                   <C>                                                        <C>
(b)

                                                                                                 Positions and
Name and principal                                                                               Offices with
Business address                      Positions and offices with the Distributor                 Registrant
- ----------------                      ------------------------------------------                 ----------


Thomas F. Eggers *                    Chief Executive Officer and Chairman of the Board          None
J. David Officer *                    President and Director                                     None
Stephen Burke *                       Executive Vice President                                   None
Charles Cardona *                     Executive Vice President                                   None
Anthony DeVivio **                    Executive Vice President                                   None
David K. Mossman **                   Executive Vice President                                   None
Jeffrey N. Nachman ***                Executive Vice President and Chief Operations Officer      None
William T. Sandalls, Jr. *            Executive Vice President and Director                      None
Wilson Santos **                      Executive Vice President and Director of Client            None
                                      Services
William H. Maresca *                  Chief Financial Officer                                    None
Ken Bradle **                         Senior Vice President                                      None
Stephen R. Byers *                    Senior Vice President                                      None
Frank J. Coates *                     Senior Vice President                                      None
Joseph Connolly *                     Senior Vice President                                      Vice President
                                                                                                 and Treasurer
William Glenn *                       Senior Vice President                                      None
Michael Millard **                    Senior Vice President                                      None
Mary Jean Mulligan **                 Senior Vice President                                      None
Bradley Skapyak *                     Senior Vice President                                      None
Jane Knight *                         Chief Legal Officer and Secretary                          None
Stephen Storen *                      Chief Compliance Officer                                   None
Jeffrey Cannizzaro *                  Vice President - Compliance                                None
Maria Georgopoulos *                  Vice President - Facilities Management                     None
William Germenis                      Vice President - Compliance                                None
Walter T. Harris *                    Vice President                                             None
Janice Hayles *                       Vice President                                             None
Hal Marshall *                        Vice President - Compliance                                None
Paul Molloy *                         Vice President                                             None
Theodore A. Schachar *                Vice President - Tax                                       None
James Windels *                       Vice President                                             None
James Bitetto *                       Assistant Secretary                                        None


*    Principal business address is 200 Park Avenue, New York, NY 10166.
**   Principal business address is 144 Glenn Curtiss Blvd., Uniondale, NY 11556-0144.
***  Principal business address is 401 North Maple Avenue, Beverly Hills, CA 90210.

</TABLE>


Item 28.       Location of Accounts and Records
- -------        --------------------------------

               1.     Mellon Bank, N.A.
                      One Mellon Bank Center
                      Pittsburgh, Pennsylvania 15258


               2.     Dreyfus Transfer, Inc.
                      P.O. Box 9671
                      Providence, Rhode Island 02940-9671

               3.     The Dreyfus Corporation
                      200 Park Avenue
                      New York, New York 10166

Item 29.       Management Services
- -------        -------------------

               Not Applicable

Item 30.       Undertakings
- -------        ------------

               None

                                   SIGNATURES
                                  -------------


          Pursuant to the requirements of the Securities Act of 1933, the
Registrant certifies that it meets all of the requirements for effectiveness of
this Amendment to the Registration Statement pursuant to Rule 485(b) under the
Securities Act of 1933 and has duly caused this Amendment to the Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, and State of New York on the 26th day of
April, 2000.

                          DREYFUS BASIC GNMA FUND

                          BY: /S/STEPHEN E. CANTER*
                           -------------------------------
                           STEPHEN E. CANTER, PRESIDENT

     Pursuant to the requirements of the Securities Act of 1933, this Amendment
to the Registration Statement has been signed below by the following persons in
the capacities and on the date indicated.

   Signatures                         Title                              Date


/S/STEPHEN E. CANTER*          President (Principal Executive          4/26/00
- --------------------------     Officer)
Stephen E. Canter

/S/JOSEPH CONNOLLY*            Treasurer (Principal Financial          4/26/00
- -------------------------      Officer)
Joseph Connolly

/S/JOSEPH S. DIMARTINO*        Chairman of the Board                   4/26/00
- -------------------------
Joseph S. DiMartino


/S/GORDON J. DAVIS*             Trustee                                4/26/00
- -------------------------
Gordon J. Davis


/S/DAVID P. FELDMAN*            Trustee                                4/26/00
- -------------------------
David P. Feldman


/S/LYNN MARTIN*                 Trustee                                4/26/00
- -------------------------
Lynn Martin


/S/DANIEL ROSE*                 Trustee                                4/26/00
- -------------------------
Daniel Rose


/S/PHILIP L. TOIA*              Trustee                                4/26/00
- -------------------------
Philip L. Toia

/S/SANDER VANOCUR*              Trustee                                4/26/00
- -------------------------
Sander Vanocur


/S/ANNE WEXLER*                 Trustee                                4/26/00
- -------------------------
Anne Wexler


/S/ REX WILDER*                 Trustee                                4/26/00
- -------------------------
Rex Wilder


*BY:     /S/MICHAEL A. ROSENBERG
         Michael A. Rosenberg
         Attorney-in-Fact


<PAGE>

                           INDEX OF EXHIBITS

OTHER EXHIBITS

(a)      Powers of Attorney.

                                  Other Exhibits

                                                        Exhibit (a)


                                POWER OF ATTORNEY

          The undersigned hereby each constitute and appoint Mark N. Jacobs,
Steven F. Newman, Michael A. Rosenberg, Jeff Prusnofsky, Robert R. Mullery,
Janette Farragher, Mark Kornfeld, and John B. Hammalian, and each of them, with
full power to act without the other, her true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution, for her, and in her
name, place and stead, in any and all capacities (until revoked in writing) to
sign any and all amendments to the Registration Statement of each Fund
enumerated on Exhibit A hereto (including post-effective amendments and
amendments thereto), and to file the same, with all exhibits thereto, and other
documents in connection therewith, with the Securities and Exchange Commission,
granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing ratifying and
confirming all that said attorneys-in-fact and agents or any of them, or their
or his or her substitute or substitutes, may lawfully do or cause to be done by
virtue hereof.



/s/ Stephen E. Canter                                        March 22, 2000
    Stephen E. Canter
    President


/s/ Joseph W. Connolly                                       March 22, 2000
    Joseph W. Connolly
    Vice President and Treasurer


<PAGE>


                                                                    EXHIBIT A


1)            Dreyfus A Bonds Plus, Inc.
2)            Dreyfus Appreciation Fund, Inc.
3)            Dreyfus Balanced Fund, Inc.
4)            Dreyfus BASIC GNMA Fund
5)            Dreyfus BASIC Money Market Fund, Inc.
6)            Dreyfus BASIC Municipal Fund, Inc.
7)            Dreyfus BASIC U.S. Government Money Market Fund
8)            Dreyfus California Intermediate Municipal Bond Fund
9)            Dreyfus California Tax Exempt Bond Fund, Inc.
10)           Dreyfus California Tax Exempt Money Market Fund
11)           Dreyfus Cash Management
12)           Dreyfus Cash Management Plus, Inc.
13)           Dreyfus Connecticut Intermediate Municipal Bond Fund
14)           Dreyfus Connecticut Municipal Money Market Fund, Inc.
15)           Dreyfus Florida Intermediate Municipal Bond Fund
16)           Dreyfus Florida Municipal Money Market Fund
17)           Dreyfus Founders Funds, Inc.
18)           The Dreyfus Fund Incorporated
19)           Dreyfus Global Bond Fund, Inc.
20)           Dreyfus Global Growth Fund
21)           Dreyfus GNMA Fund, Inc.
22)           Dreyfus Government Cash Management Funds
23)           Dreyfus Growth and Income Fund, Inc.
24)           Dreyfus Growth and Value Funds, Inc.
25)           Dreyfus Growth Opportunity Fund, Inc.
26)           Dreyfus Debt and Equity Funds
27)           Dreyfus Index Funds, Inc.
28)           Dreyfus Institutional Money Market Fund
29)           Dreyfus Institutional Preferred Money Market Fund
30)           Dreyfus Institutional Short Term Treasury Fund
31)           Dreyfus Insured Municipal Bond Fund, Inc.
32)           Dreyfus Intermediate Municipal Bond Fund, Inc.
33)           Dreyfus International Funds, Inc.
34)           Dreyfus Investment Grade Bond Funds, Inc.
35)           Dreyfus Investment Portfolios
36)           The Dreyfus/Laurel Funds, Inc.
37)           The Dreyfus/Laurel Funds Trust
38)           The Dreyfus/Laurel Tax-Free Municipal Funds
39)           Dreyfus LifeTime Portfolios, Inc.
40)           Dreyfus Liquid Assets, Inc.
41)           Dreyfus Massachusetts Intermediate Municipal Bond Fund
42)           Dreyfus Massachusetts Municipal Money Market Fund
43)           Dreyfus Massachusetts Tax Exempt Bond Fund
44)           Dreyfus MidCap Index Fund
45)           Dreyfus Money Market Instruments, Inc.
46)           Dreyfus Municipal Bond Fund, Inc.
47)           Dreyfus Municipal Cash Management Plus
48)           Dreyfus Municipal Money Market Fund, Inc.
49)           Dreyfus New Jersey Intermediate Municipal Bond Fund
50)           Dreyfus New Jersey Municipal Bond Fund, Inc.
51)           Dreyfus New Jersey Municipal Money Market Fund, Inc.
52)           Dreyfus New Leaders Fund, Inc.
53)           Dreyfus New York Municipal Cash Management
54)           Dreyfus New York Tax Exempt Bond Fund, Inc.
55)           Dreyfus New York Tax Exempt Intermediate Bond Fund
56)           Dreyfus New York Tax Exempt Money Market Fund
57)           Dreyfus U.S. Treasury Intermediate Term Fund
58)           Dreyfus U.S. Treasury Long Term Fund
59)           Dreyfus 100% U.S. Treasury Money Market Fund
60)           Dreyfus U.S. Treasury Short Term Fund
61)           Dreyfus Pennsylvania Intermediate Municipal Bond Fund
62)           Dreyfus Pennsylvania Municipal Money Market Fund
63)           Dreyfus Premier California Municipal Bond Fund
64)           Dreyfus Premier Equity Funds, Inc.
65)           Dreyfus Premier International Funds, Inc.
66)           Dreyfus Premier GNMA Fund
67)           Dreyfus Premier Worldwide Growth Fund, Inc.
68)           Dreyfus Premier Municipal Bond Fund
69)           Dreyfus Premier New York Municipal Bond Fund
70)           Dreyfus Premier State Municipal Bond Fund
71)           Dreyfus Premier Value Equity Funds
72)           Dreyfus Short-Intermediate Government Fund
73)           Dreyfus Short-Intermediate Municipal Bond Fund
74)           The Dreyfus Socially Responsible Growth Fund, Inc.
75)           Dreyfus Stock Index Fund
76)           Dreyfus Tax Exempt Cash Management
77)           The Dreyfus Premier Third Century Fund, Inc.
78)           Dreyfus Treasury Cash Management
79)           Dreyfus Treasury Prime Cash Management
80)           Dreyfus Variable Investment Fund
81)           Dreyfus Worldwide Dollar Money Market Fund, Inc.
82)           General California Municipal Bond Fund, Inc.
83)           General California Municipal Money Market Fund
84)           General Government Securities Money Market Funds, Inc.
85)           General Money Market Fund, Inc.
86)           General Municipal Bond Fund, Inc.
87)           General Municipal Money Market Funds, Inc.
88)           General New York Municipal Bond Fund, Inc.
89)           General New York Municipal Money Market Fund


<PAGE>

                                POWER OF ATTORNEY


          The undersigned hereby constitute and appoint Mark N. Jacobs, Steven
F. Newman, Michael A. Rosenberg, John B. Hammalian, Jeff Prusnofsky, Robert R.
Mullery, Janette E. Farragher and Mark Kornfeld and each of them, with full
power to act without the other, his or her true and lawful attorney-in-fact and
agent, with full power of substitution and resubstitution, for him or her and in
his or her name, place and stead, in any and all capacities (until revoked in
writing) to sign any and all amendments to the Registration Statement of Dreyfus
BASIC GNMA Fund (including post-effective amendments and amendments thereto),
and to file the same, with all exhibits thereto, and other documents in
connection therewith, with the Securities and Exchange Commission, granting unto
said attorneys-in-fact and agents, and each of them, full power and authority to
do and perform each and every act and thing ratifying and confirming all that
said attorneys-in-fact and agents or any of them, or their or his or her
substitute or substitutes, may lawfully do or cause to be done by virtue hereof.



/S/ JOSEPH S. DIMARTINO                                        March 16, 2000
- ------------------------------------
Joseph S. DiMartino


/S/GORDON J. DAVIS                                             March 16, 2000
- ------------------------------------
Gordon J. Davis


/S/DAVID P. FELDMAN                                            March 16, 2000
- ------------------------------------
David P. Feldman


/S/LYNN MARTIN                                                 March 16, 2000
- ------------------------------------
Lynn Martin


/S/DANIEL ROSE                                                 March 16, 2000
- ------------------------------------
Daniel Rose


/S/PHILIP L. TOIA                                              March 16, 2000
- ------------------------------------
Philip L. Toia

/S/SANDER VANOCUR                                              March  16, 2000
- ------------------------------------
Sander Vanocur


/S/ANNE WEXLER                                                 March 16, 2000
- ------------------------------------
Anne Wexler


/S/ REX WILDER                                                 March 16, 2000
- ------------------------------------
Rex Wilder




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