July 27, 1995
THE DREYFUS/LAUREL FUNDS, INC. _
DREYFUS S&P 500 STOCK INDEX FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1995
At a meeting of the Board of Directors held on July 26, 1995, the
Board approved certain changes for the Fund, as described below.
The Board approved the termination of the Fund's .25% Distribution
Plan for Investor shares effective as of August 2, 1995 and authorized the
Fund to take certain other actions thereafter to convert the Fund into a
single class fund on or about September 15, 1995 (the "Effective Date"). The
Board also approved lowering the management fee payable by the Fund to
Dreyfus from .40% to .20% as of the Effective Date. The Board also approved
increasing the Fund's minimum initial investment requirement from $2,500
($750 for Dreyfus-sponsored Keogh plans, IRAs, SEP-IRAs and 403(b)(7) plans)
to $100,000, the minimum subsequent investment amount from $100 to $1,000 and
the minimum balance below which accounts may be involuntarily redeemed from
$500 to $10,000. Shareholders in the Fund prior to the Effective Date will
not be subject to these increased minimums, although each Fund will retain
the right to redeem such shareholders if their account falls below $500.
THE INFORMATION IN ITEMS I-IV BELOW BECAME EFFECTIVE ON APRIL 10,
1995:
I. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN
THE FIRST TWO SENTENCES OF THE EIGHTH PARAGRAPH CONTAINED IN THE SECTION IN
THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY FUND SHARES _ GENERAL" AND TOGETHER
WITH THE INFORMATION CONTAINED IN THE NINTH PARAGRAPH REPRESENTS NEW
INSTRUCTIONS FOR INVESTMENTS BY WIRE:
Wire payments may be made if your bank account is in a commercial
bank that is a member of the Federal Reserve System or any other bank having
a correspondent bank in New York City. Immediately available funds may be
transmitted by wire to Boston Safe Deposit & Trust Co., together with the
applicable Class' DDA# as shown below, for purchase of Fund shares in your
name:
DDA# 044296 Dreyfus S&P 500 Stock Index Fund/Investor shares;
DDA# 044288 Dreyfus S&P500 Stock Index Fund/Class R shares.
II. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN THE
TENTH PARAGRAPH CONTAINED IN THE SECTION IN THE FUND'S PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES _ GENERAL" AND REPRESENTS NEW INSTRUCTIONS FOR
INVESTMENTS BY ELECTRONIC TRANSFER OF FUNDS:
Subsequent investments also may be made by electronic transfer of
funds from an account maintained in a bank or other domestic financial
institution that is an Automated Clearing House ("ACH")member. You must
direct the institution to transmit immediately available funds through the
ACH System to Boston Safe Deposit & Trust Co. with instructions to credit
your Fund account. The instructions must specify your Fund account
registration and Fund account number PRECEDED BY THE DIGITS "4120" for
Investor shares and "4110" for Class R shares.
(CONTINUED ON REVERSE SIDE)
III.THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS AND SPECIFICALLY IN THE
SECTIONS ENTITLED "HOW TO BUY FUND SHARES" AND "HOW TO REDEEM FUND SHARES":
Investor shares and Class R shares may be purchased or redeemed by
telephone using the Dreyfus TELETRANSFER Privilege.
IV. THE SIXTH PARAGRAPH ON PAGE ONE OF THE FUND'S PROSPECTUS AS WELL
AS THE THIRD PARAGRAPH CONTAINED IN THE SECTION IN THE FUND'S PROSPECTUS
ENTITLED "HOW TO BUY FUND SHARES _ GENERAL" ARE DELETED IN THEIR ENTIRETY.
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN
THE SECTIONS IN THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY FUND SHARES" AND
"SHAREHOLDER SERVICES":
Fund shares are also offered without regard to the minimum initial
investment requirements through Dreyfus-AUTOMATIC Asset Builder, Dreyfus
Government Direct Deposit Privilege or Dreyfus Payroll Savings Plan pursuant
to the Dreyfus Step Program. These services enable you to make regularly
scheduled investments and may provide you with a convenient way to invest for
long-term financial goals. You should be aware, however, that periodic
investment plans do not guarantee a profit and will not protect an investor
against loss in a declining market.
DREYFUS STEP PROGRAM _ Dreyfus Step Program enables you to purchase Investor
shares without regard to the Fund's minimum initial investment requirements
through Dreyfus-AUTOMATIC Asset Builder, Dreyfus Government Direct Deposit
Privilege or Dreyfus Payroll Savings Plan. To establish a Dreyfus Step
Program account, you must supply the necessary information on the Fund's
Account Application and file the required authorization form(s) with the
Transfer Agent. For more information concerning this Program, or to request
the necessary authorization form(s), please call toll free 1-800-782-6620.
You may terminate your participation in this Program at any time by
discontinuing your participation in Dreyfus-AUTOMATIC Asset Builder, Dreyfus
Government Direct Deposit Privilege or Dreyfus Payroll Savings Plan, as the
case may be, as provided under the terms of such Privilege(s). The Fund
reserves the right to redeem your account if you have terminated your
participation in the Program and your account's net asset value is $500 or
less. See "How to Redeem Fund Shares." The Fund may modify or terminate this
Program at any time. Investors who wish to purchase Investor shares through
Dreyfus Step Program in conjunction with a Dreyfus-sponsored retirement plan
may do so only for IRAs, SEP-IRAs and IRA "Rollover Accounts."
313/713s072795
July 27, 1995
THE DREYFUS/LAUREL FUNDS, INC. _
DREYFUS MONEY MARKET RESERVES
DREYFUS MUNICIPAL RESERVES
DREYFUS U.S. TREASURY RESERVES
SUPPLEMENT TO PROSPECTUS
DATED APRIL 10,1995
At a meeting of the Board of Directors held on July 26, 1995, the
Board approved modifying the eligibility requirements of the Funds' Investor
class and changing the Funds' minimum investment requirements for Investor
and Class R shares. Management anticipates that these changes, which are more
fully described below, will become effective on or about September 1, 1995
(the "Effective Date").
The Board approved modifying the eligibility requirements of the
Funds' Investor class by limiting purchases of Investor shares for new
accounts to purchases for accounts of investors maintaining related
securities, brokerage, commodities trading or similar accounts with banks,
securities brokers or dealers or other financial institutions that have
entered into selling agreements with the Funds' distributor. As a result,
Investor shares will not be available for general retail accounts, other than
for existing Investor class shareholders as of the Effective Date.
For each Fund's Investor and Class R shares, the Board also approved
increasing the Fund's minimum initial investment requirement from $2,500
($750 for Dreyfus-sponsored Keogh plans, IRAs, SEP-IRAs and 403(b)(7) plans)
to $100,000 and the minimum balance below which accounts may be involuntarily
redeemed by the Fund from $500 to $10,000 and eliminating the minimum amount
requirement for subsequent investments. Shareholders in the Funds prior to
the Effective Date will be permitted to remain in the Fund regardless of
their account balances, although each Fund will retain the right to redeem
such shareholders if their account balance falls below $500.
THE FOLLOWING INFORMATION SUPPLEMENTS, SHOULD BE READ IN CONJUNCTION
WITH, AND SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE FUND'S
PROSPECTUS.
(CONTINUED ON REVERSE SIDE)
Effective June 9, 1995, the following name changes occurred:
FORMER NAME NEW NAME
Dreyfus/Laurel Prime Dreyfus Money
Money Market Fund Market Reserves
Dreyfus/Laurel Tax-Exempt Dreyfus Municipal
Money Market Fund Reserves
Dreyfus/Laurel U.S. Treasury Dreyfus U.S.
Money Market Fund Treasury Reserves
As of such date, Dreyfus Municipal Reserves may invest without limitation in
municipal obligations the interest from which gives rise to a preference item
for purposes of the alternative minimum tax as long as such investment is
consistent with the Fund's investment objective. To provide the Fund with
added investment flexibility, references in the Prospectus stating that the
Fund has no current intention of investing in such municipal obligations are
hereby deleted.
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE THIRD SENTENCE
IN THE EIGHTH PARAGRAPH IN THE SECTION IN THE FUND'S PROSPECTUS ENTITLED "HOW
TO BUY FUND SHARES _ GENERAL":
The instructions must specify your Fund account registration and Fund
account number PRECEDED BY THE DIGITS:
"4790" Dreyfus Money Market Reserves/Investor shares;
"4800" Dreyfus Money Market Reserves/Class R shares;
"4860" Dreyfus Municipal Reserves/Investor shares;
"4850" Dreyfus Municipal Reserves/Class R shares;
"4900" Dreyfus U.S. Treasury Reserves/Investor shares;
"4890" Dreyfus U.S. Treasury Reserves/Class R shares.
LMMKT/s072795
July 27, 1995
THE DREYFUS/LAUREL FUNDS, INC._
DREYFUS/LAUREL INSTITUTIONAL U.S. TREASURY MONEY MARKET FUND
DREYFUS/LAUREL INSTITUTIONAL GOVERNMENT MONEY MARKET FUND
DREYFUS/LAUREL INSTITUTIONAL PRIME MONEY MARKET FUND
SUPPLEMENT TO PROSPECTUS DATED APRIL 10, 1995
At a meeting of the Board of Directors held on July 26, 1995, the
Board approved certain changes to the minimum investment requirements of
Class I shares of each Fund. The Board also authorized the elimination of
each Fund's Class II and Class III shares converting the Funds into single
class funds. Management anticipates that these changes will become effective
with respect to Dreyfus/Laurel Institutional U.S. Treasury Money Market Fund
and Dreyfus/Laurel Institutional Government Money Market Fund on or about
September 15, 1995, and with respect to Dreyfus/Laurel Institutional Prime
Money Market Fund late in the third quarter or early in the fourth quarter of
1995. For each Fund's Class I shares, the minimum initial investment
requirement will be increased from $100,000 to $1,000,000, the minimum amount
for subsequent investments will be eliminated and the minimum account balance
required to be maintained to avoid involuntary redemption by the Fund will be
increased from $500 to $10,000. Shareholders in the Funds prior to the
effectiveness of the increased minimum investment requirements will be
permitted to remain in the Funds regardless of their account balances,
although each Fund will retain the right to redeem such shareholders if their
account balance falls below $500.
LFISTs072795
