DREYFUS VARIABLE INVESTMENT FUND
NSAR-A, 1998-08-27
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<PAGE>      PAGE  1
000 A000000 06/30/98
000 C000000 0000813383
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS VARIABLE INVESTMENT FUND
001 B000000 811-5125
001 C000000 2129226775
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
003  000000 N
004  000000 N
005  000000 N
006  000000 N
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007 B000000 13
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007 C030100 N
007 C010200  2
007 C020200 SPECIAL VALUE PORTFOLIO
007 C030200 N
007 C010300  3
007 C020300 ZERO COUPON 2000 PORTFOLIO
007 C030300 N
007 C010400  4
007 C020400 QUALITY BOND PORTFOLIO
007 C030400 N
007 C010500  5
007 C020500 SMALL CAP PORTFOLIO
007 C030500 N
007 C010600  6
007 C020600 CAPITAL APPRECIATION PORTFOLIO
007 C030600 N
007 C010700  7
007 C020700 GROWTH AND INCOME PORTFOLIO
007 C030700 N
007 C010800  8
007 C020800 INTERNATIONAL EQUITY PORTFOLIO
007 C030800 N
007 C010900  9
007 C020900 SMALL COMPANY STOCK PORTFOLIO
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007 C011000 10
007 C021000 INTERNATIONAL VALUE PORTFOLIO
<PAGE>      PAGE  2
007 C031000 N
007 C011100 11
007 C021100 DISCIPLINED STOCK PORTFOLIO
007 C031100 N
007 C011200 12
007 C021200 LIMITED TERM HIGH INCOME PORTFOLIO
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007 C021300 BALANCED PORTFOLIO
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007 C011800 18
007 C011900 19
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018  00AA00 Y
019 A00AA00 Y
019 B00AA00  160
019 C00AA00 DREYFUSFAM
020 A000001 DREYFUS INVESTMENT SERVICE
020 B000001 13-5673135
020 C000001     28
020 A000002 STATE STREET BANK AND TRUST
020 B000002 04-1867445
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020 A000003 MORGAN STANLEY DEAN WITTER INCORPORATED
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020 A000006 CS FIRST BOSTON CORPORATION
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020 A000009 HSBC JAMES CAPEL SECURITIES, INC.
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020 A000010 INSTINET CORPORATION
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<PAGE>      PAGE  3
021  000000      147
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022 A000008 GOLDMAN, SACHS & CO.
022 B000008 13-5108880
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<PAGE>      PAGE  4
025 B000102 13-5108880
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<PAGE>      PAGE  5
057  000100 N
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
070 B020200 N
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  12
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<PAGE>      PAGE  13
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<PAGE>      PAGE  14
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<PAGE>      PAGE  15
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<PAGE>      PAGE  16
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<PAGE>      PAGE  17
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<PAGE>      PAGE  18
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066 A000500 Y
066 B000500 Y
066 C000500 N
066 D000500 N
066 E000500 N
066 F000500 N
066 G000500 N
067  000500 N
068 A000500 N
068 B000500 N
069  000500 N
070 A010500 Y
070 A020500 N
070 B010500 Y
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070 C010500 Y
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070 D010500 N
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070 E010500 N
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070 F010500 N
070 F020500 N
070 G010500 N
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 Y
070 R020500 N
<PAGE>      PAGE  20
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070 A010600 Y
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070 E020600 N
070 F010600 N
070 F020600 N
070 G010600 N
070 G020600 N
070 H010600 N
070 H020600 N
070 I010600 N
070 I020600 N
070 J010600 Y
070 J020600 N
070 K010600 N
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055 A000700 N
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<PAGE>      PAGE  33
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<PAGE>      PAGE  44
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SIGNATURE   MICHAEL PETRUCELLI                           
TITLE       ASSISTANT TREASURER 
 


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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 004
   <NAME> QUALITY BOND PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                            90228
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<RECEIVABLES>                                    10640
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<ACCUM-APPREC-OR-DEPREC>                          1780
<NET-ASSETS>                                    102592
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                     342
<NET-INVESTMENT-INCOME>                           2818
<REALIZED-GAINS-CURRENT>                           770
<APPREC-INCREASE-CURRENT>                          268
<NET-CHANGE-FROM-OPS>                             3856
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (2384)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           1509
<NUMBER-OF-SHARES-REDEEMED>                      (626)
<SHARES-REINVESTED>                                202
<NET-CHANGE-IN-ASSETS>                           14300
<ACCUMULATED-NII-PRIOR>                             64
<ACCUMULATED-GAINS-PRIOR>                          348
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            11.73
<PER-SHARE-NII>                                    .40
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<PER-SHARE-DIVIDEND>                             (.35)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.91
<EXPENSE-RATIO>                                   .007
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 005
   <NAME> SMALL CAP PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                          1165460
<INVESTMENTS-AT-VALUE>                         1429878
<RECEIVABLES>                                     8970
<ASSETS-OTHER>                                    5851
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<PAYABLE-FOR-SECURITIES>                         62077
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<SHARES-COMMON-STOCK>                            22823
<SHARES-COMMON-PRIOR>                            22301
<ACCUMULATED-NII-CURRENT>                        (160)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          74139
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        264418
<NET-ASSETS>                                   1381727
<DIVIDEND-INCOME>                                 3426
<INTEREST-INCOME>                                 1582
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    5174
<NET-INVESTMENT-INCOME>                          (166)
<REALIZED-GAINS-CURRENT>                         50689
<APPREC-INCREASE-CURRENT>                        25045
<NET-CHANGE-FROM-OPS>                            75568
<EQUALIZATION>                                       0
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<DISTRIBUTIONS-OF-GAINS>                             0
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<NUMBER-OF-SHARES-SOLD>                           1224
<NUMBER-OF-SHARES-REDEEMED>                      (703)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                          107435
<ACCUMULATED-NII-PRIOR>                              6
<ACCUMULATED-GAINS-PRIOR>                       234750
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            57.14
<PER-SHARE-NII>                                  (.01)
<PER-SHARE-GAIN-APPREC>                           3.41
<PER-SHARE-DIVIDEND>                                 0
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<PER-SHARE-NAV-END>                              60.54
<EXPENSE-RATIO>                                   .004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 006
   <NAME> CAPITIAL APRPECIATION PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                           335750
<INVESTMENTS-AT-VALUE>                          454280
<RECEIVABLES>                                      400
<ASSETS-OTHER>                                       0
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<TOTAL-ASSETS>                                  474131
<PAYABLE-FOR-SECURITIES>                         10791
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        343830
<SHARES-COMMON-STOCK>                            13753
<SHARES-COMMON-PRIOR>                             8852
<ACCUMULATED-NII-CURRENT>                         1447
<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                        118529
<NET-ASSETS>                                    463014
<DIVIDEND-INCOME>                                 2672
<INTEREST-INCOME>                                  167
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1383
<NET-INVESTMENT-INCOME>                           1456
<REALIZED-GAINS-CURRENT>                         (790)
<APPREC-INCREASE-CURRENT>                        59992
<NET-CHANGE-FROM-OPS>                            60658
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (33)
<DISTRIBUTIONS-OF-GAINS>                         (109)
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<NUMBER-OF-SHARES-SOLD>                           5875
<NUMBER-OF-SHARES-REDEEMED>                      (978)
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                          216004
<ACCUMULATED-NII-PRIOR>                             24
<ACCUMULATED-GAINS-PRIOR>                          107
<OVERDISTRIB-NII-PRIOR>                              0
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<GROSS-ADVISORY-FEES>                              853
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<GROSS-EXPENSE>                                   1383
<AVERAGE-NET-ASSETS>                            340851
<PER-SHARE-NAV-BEGIN>                            27.91
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                           5.66
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                        (.01)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              33.67
<EXPENSE-RATIO>                                   .004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 007
   <NAME> GROWTH AND INCOME PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                           412893
<INVESTMENTS-AT-VALUE>                          438319
<RECEIVABLES>                                     1359
<ASSETS-OTHER>                                       0
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<PAYABLE-FOR-SECURITIES>                         13054
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        388720
<SHARES-COMMON-STOCK>                            19536
<SHARES-COMMON-PRIOR>                            17797
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<ACCUMULATED-NET-GAINS>                           8696
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                         25426
<NET-ASSETS>                                    432109
<DIVIDEND-INCOME>                                 3139
<INTEREST-INCOME>                                  439
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<REALIZED-GAINS-CURRENT>                         10204
<APPREC-INCREASE-CURRENT>                        11512
<NET-CHANGE-FROM-OPS>                            23680
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1900)
<DISTRIBUTIONS-OF-GAINS>                        (7167)
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<NUMBER-OF-SHARES-SOLD>                           2919
<NUMBER-OF-SHARES-REDEEMED>                     (1583)
<SHARES-REINVESTED>                                403
<NET-CHANGE-IN-ASSETS>                           53277
<ACCUMULATED-NII-PRIOR>                            203
<ACCUMULATED-GAINS-PRIOR>                         5697
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<GROSS-EXPENSE>                                   1614
<AVERAGE-NET-ASSETS>                            411083
<PER-SHARE-NAV-BEGIN>                            20.78
<PER-SHARE-NII>                                    .10
<PER-SHARE-GAIN-APPREC>                           1.27
<PER-SHARE-DIVIDEND>                             (.10)
<PER-SHARE-DISTRIBUTIONS>                        (.39)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.66
<EXPENSE-RATIO>                                   .004
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 008
   <NAME> INTERNATIONAL EQUITY PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                            44455
<INVESTMENTS-AT-VALUE>                           49196
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<ACCUM-APPREC-OR-DEPREC>                          4737
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<REALIZED-GAINS-CURRENT>                          2217
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<NUMBER-OF-SHARES-SOLD>                            382
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<NET-CHANGE-IN-ASSETS>                            9521
<ACCUMULATED-NII-PRIOR>                              7
<ACCUMULATED-GAINS-PRIOR>                       (1671)
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<AVERAGE-NET-ASSETS>                             46650
<PER-SHARE-NAV-BEGIN>                            14.02
<PER-SHARE-NII>                                    .15
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<PER-SHARE-DIVIDEND>                                 0
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<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 009
   <NAME> SMALL COMPANY STOCK PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
<INVESTMENTS-AT-COST>                            36075
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<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          3310
<NET-ASSETS>                                     38204
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<NUMBER-OF-SHARES-SOLD>                            657
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<NET-CHANGE-IN-ASSETS>                           10050
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<PER-SHARE-NAV-BEGIN>                            16.13
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<PER-SHARE-GAIN-APPREC>                            .53
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<PER-SHARE-NAV-END>                              16.62
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 010
   <NAME> INTERNATIONAL VALUE PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
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<PER-SHARE-NAV-BEGIN>                            13.45
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<PER-SHARE-NAV-END>                              15.16
<EXPENSE-RATIO>                                   .007
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 011
   <NAME> DISCIPLINED STOCK PORTFOLIO
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          DEC-31-1998
<PERIOD-END>                               JUN-30-1998
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<SENIOR-EQUITY>                                      0
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<ACCUM-APPREC-OR-DEPREC>                         14502
<NET-ASSETS>                                    101646
<DIVIDEND-INCOME>                                  670
<INTEREST-INCOME>                                   36
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<NET-INVESTMENT-INCOME>                            354
<REALIZED-GAINS-CURRENT>                          3225
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<NET-CHANGE-FROM-OPS>                            11592
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<DISTRIBUTIONS-OF-GAINS>                         (428)
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<NUMBER-OF-SHARES-SOLD>                           1884
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<PER-SHARE-NAV-END>                              21.43
<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
<SERIES>
   <NUMBER> 012
   <NAME> LIMITED TERM HIGH INCOME PORTFOLIO
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<S>                             <C>
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<CIK> 0000813383
<NAME> DREYFUS VARIABLE INVESTMENT FUND
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</TABLE>


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