May 26, 1999
DREYFUS VARIABLE INVESTMENT FUND
Supplement to Prospectus dated May 1, 1999
Small Company Stock Portfolio
Effective May 26, 1999, the Portfolio's primary portfolio managers are
James Wadsworth and Anthony Galise. Mr. Galise has been a portfolio manager
of the Portfolio since it's inception. He has been a portfolio manger with
Dreyfus since April 1996 and also is a portfolio manager at Laurel Capital
Advisors. Mr. Galise is a Vice President and Portfolio Manager at Mellon
Bank. He joined Mellon in 1993 with over 20 years of equity investment
experience. Mr. Wadsworth has been the primary portfolio manager since the
Portfolio's inception. Information about Mr. Wadsworth is included in the
Prospectus.
