December 1, 1996
THE DREYFUS/LAUREL FUNDS, INC. --
PREMIER LIMITED TERM
INCOME FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1996
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE THIRD PARAGRAPH
IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "SHAREHOLDER SERVICES --
AUTOMATIC WITHDRAWAL PLAN."
No CDSC with respect to Class B shares will be imposed on withdrawals
made under the Automatic Withdrawal Plan, provided that the amounts withdrawn
under the plan do not exceed on an annual basis 12% of the account value at
the time the shareholder elects to participate in the Automatic Withdrawal
Plan. Withdrawals with respect to Class B shares under the Automatic
Withdrawal Plan that exceed on an annual basis 12% of the value of the
shareholder's account will be subject to a CDSC on the amounts exceeding 12%
of the initial account value. Class C shares withdrawn pursuant to the
Automatic Withdrawal Plan will be subject to any applicable CDSC. Purchases
of additional Class A shares where the sales load is imposed concurrently
with withdrawals of Class A shares generally are undesirable.
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE SECTION OF THE
FUND'S PROSPECTUS ENTITLED "HOW TO REDEEM FUND SHARES -- REINVESTMENT
PRIVILEGE."
REINVESTMENT PRIVILEGE -- Upon written request, you may reinvest up to the
number of Class A or Class B shares you have redeemed, within 45 days of
redemption, at the then-prevailing net asset value without a sales load, or
reinstate your account for the purpose of exercising Fund Exchanges. Upon
reinstatement, a Class B shareholder's account will be credited with an
amount equal to the CDSC previously paid upon redemption of the Class B
shares reinvested. The Reinvestment Privilege may be exercised only once.
(CONTINUED ON REVERSE SIDE)
THE FOLLOWING INFORMATION REPLACES AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW
TO BUY FUND SHARES."
The DDA number for payment transmitted by wire to Boston Safe Deposit
and Trust Company for purchase of Class A, Class B, Class C or Class R shares
of the Fund in your name is as follows:
DDA# 044350
The wire must indicate which Class of shares is being purchased and must
include the other required information with respect to wire payments set
forth under "How to Buy Fund Shares" in the Fund's Prospectus.
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW
TO BUY FUND SHARES--CLASS A SHARES."
Effective immediately, a CDSC of 1% will be assessed at the time of
redemption of Class A shares purchased without an initial sales charge as
part of an investment of at least $1,000,000 and redeemed within one year of
purchase.
345s120196
