DREYFUS DISCIPLINED EQUITY INCOME FUND
497, 1995-12-04
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                                                           December 1, 1995

                      THE DREYFUS/LAUREL FUNDS, INC.-
                      PREMIER LIMITED TERM INCOME FUND

                          Supplement to Prospectus
                             Dated March 1, 1995

     THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF
THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES," AND "HOW TO
REDEEM FUND SHARES":
     Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing
Agent (the "Transfer Agent").
     In order to accomplish a transaction using the Teletransfer Privilege
or the Telephone Exchange Privilege, please contact your financial
representative.  If you do not have a financial representative, you may
telephone 1-800-645-6561 or, if you are calling from overseas, 516-794-
5452.  These numbers will be effective January 1, 1996.

                                                           December 1, 1995

                      THE DREYFUS/LAUREL FUNDS, INC.-
                      PREMIER SMALL COMPANY STOCK FUND

                          Supplement to Prospectus
                             Dated March 1, 1995

     THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF
THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES," AND "HOW TO
REDEEM FUND SHARES":
     Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing
Agent (the "Transfer Agent").
     In order to accomplish a transaction using the Teletransfer Privilege
or the Telephone Exchange Privilege, please contact your financial
representative.  If you do not have a financial representative, you may
telephone 1-800-645-6561 or, if you are calling from overseas, 516-794-
5452.  These numbers will be effective January 1, 1996.



                                                           December 1, 1995

                      THE DREYFUS/LAUREL FUNDS, INC.-
                            PREMIER BALANCED FUND

                          Supplement to Prospectus
                             Dated March 1, 1995

     THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF
THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES," AND "HOW TO
REDEEM FUND SHARES":
     Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing
Agent (the "Transfer Agent").
     In order to accomplish a transaction using the Teletransfer Privilege
or the Telephone Exchange Privilege, please contact your financial
representative.  If you do not have a financial representative, you may
telephone 1-800-645-6561 or, if you are calling from overseas, 516-794-
5452.  These numbers will be effective January 1, 1996.









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