August 28, 1997
THE DREYFUS/LAUREL FUNDS, INC._
DREYFUS DISCIPLINED STOCK FUND
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1997
The Board of Directors has approved including the Retail Class of the
Dreyfus Disciplined Stock Fund (the "Fund") under the Fund's Distribution
Plan adopted pursuant to Rule 12b-1 under the Investment Company Act of 1940
(the "Plan"), subject to the approval of the Fund's Retail Class
shareholders. The Plan would allow the Fund to spend annually up to .10 of 1%
of its average daily net assets attributable to the Retail Class to
compensate Mellon Bank, N.A. and its affiliates (rather than only Dreyfus
Service Corporation ("DSC") as is currently provided under the Plan) for
shareholder servicing activities, and Premier Mutual Fund Services, Inc., the
Fund's Distributor (the "Distributor"), for shareholder servicing activities
and for activities or expenses primarily intended to result in the sale of
Retail shares. The Plan would also allow the Distributor to make payments
from the 12b-1 fees it receives to brokers, dealers and other financial
institutions for providing distribution related and/or shareholder services
to the Retail Class. Retail Class shareholders, who are currently subject to
no 12b-1 fee, will be asked to consider adopting the Plan for that Class at a
meeting to be held on or about December 2, 1997. If approved, the Plan will
become effective on or about December 15, 1997 (the "Effective Date").
The Board has also approved certain other changes to the Fund,
contingent upon approval of the Plan by Retail Class shareholders. The
changes include amending the Plan as it applies to the Fund's Institutional
Class by reducing the fee payable under the Plan from .25 to .10 of 1% of the
average daily net assets attributable to the Institutional Class and allowing
Mellon Bank, N.A. and its affiliates (rather than only DSC as is currently
provided under the Plan) to receive payments for shareholder servicing
activities, con-
(CONTINUED ON REVERSE SIDE)
forming the Institutional Class to the Retail Class in all other respects,
and eliminating the Fund's separate share classes so that the Fund would
operate as a single class fund without separate designations, subject to the
.10 of 1% 12b-1 fee. If Retail Class shareholders approve the Plan, these
additional changes will become effective on the Effective Date.
328s082897
