July 1, 1996
THE DREYFUS/LAUREL FUNDS, INC. -
DREYFUS DISCIPLINED INTERMEDIATE BOND FUND
Supplement to Prospectus
Dated July 1, 1996
The following information supplements and supersedes any
contrary information contained in the Fund's Prospectus.
Effective July 15, 1996, the Fund's Class R shares will be
redesignated as "Retail shares" and the Retail shares will be offered to
any investor. Also effective July 15, 1996, the Fund's Investor shares
will be redesignated as "Institutional shares" and the Institutional
shares will be offered only to clients of banks, securities brokers or
dealers and other financial institutions (collectively, "Agents") that
have entered into a Selling Agreement with the Fund's distributor and
omnibus accounts held by institutions that provide sub-accounting or
recordkeeping services to their clients. You should consult your Agent to
determine which class of shares will be offered by the Agent. Unless the
Fund is otherwise instructed, new purchases or exchanges by existing
shareholders will be in the same class of shares that the shareholder then
holds.
The information in Items I-IV below will become effective
on July 15, 1996. With regard to Items I-III below, a sales load may be
charged with respect to exchanges of Fund shares into, or investments in,
funds sold with a sales load. With regard to Items I and II below, with
respect to Retail shares or Institutional shares held by Retirement Plans,
exchanges may be made only between a shareholder's Retirement Plan account
in one fund and such shareholder's Retirement Plan account in another
fund.
I. The following information supersedes and replaces the
information in the first sentence of the first paragraph contained in the
section in the Fund's Prospectus entitled "Shareholder Services - Fund
Exchanges."
You may purchase, in exchange for shares of a Class, shares
of certain other eligible funds managed or administered by Dreyfus, to the
extent such shares are offered for sale in your state of residence.
II. The following information supersedes and replaces the
information in the first sentence in the section of the Fund's Prospectus
entitled "Shareholder Services - Dreyfus Auto-Exchange Privilege."
Dreyfus Auto-Exchange Privilege enables you to invest
regularly (on a semi-monthly, monthly, quarterly or annual basis), in
exchange for shares of the Fund, in shares of certain other eligible funds
in the Dreyfus Family of Funds of which you are currently an investor.
III. The following information supersedes and replaces the
information in the first sentence of the first paragraph contained in the
section in the Fund's Prospectus entitled "Shareholder Services - Dreyfus
Dividend Options."
Dreyfus Dividend Sweep enables you to invest automatically
dividends or dividends and capital gain distributions, if any, paid by the
Fund in shares of certain other eligible funds in the Dreyfus Family of
Funds of which you are an investor.
IV. The following information supersedes and replaces the
information in the first sentence in the section of the Fund's Prospectus
entitled "Shareholder Services - Dreyfus Step Program."
Dreyfus Step Program enables you to purchase Retail 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.
