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March 1, 1995 DREYFUS VARIABLE INVESTMENT FUND Supplement to the Statement of Additional Information Dated November 15, 1994 The following information supplements and should be read in conjunction with the section in the Fund's Statement of Additional Information captioned "Yield and Performance Information." From time to time, the Fund may advertise that Thomas A. Frank was awarded "1994 Variable Fund Manager of the Year" by Morningstar, Inc. for managing the Fund's Small Cap Portfolio.
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