March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER LARGE COMPANY STOCK FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
----------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
-------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.
--------------------------------------
The clause "Pursuant to an agreement with the Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
third paragraph of the section of the SAI entitled "Purchase of Shares- Class A
Shares;" (ii) the third sentence of the second paragraph of the section entitled
"Purchase of Shares- Class T Shares;" and (iii) the first sentence of the
section entitled "Purchase of Shares - Class B and C Shares."
--------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND
SERVICE PLANS:"
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and Class T shares (the "Service Plan") (together
with the Class A Plan, the "Plans"), to remove the inconsistency of the Plans'
reference to both DSC and the "Distributor" in the alternative, and to make
other non-material changes to update the Plans. The Class A Plan also was
amended to expressly provide that Mellon Bank, N.A. and other affiliates may be
paid directly under the Class A Plan for shareholder services they provide.
There was no change to the amount payable under the Plans or to any other
material terms of the Plans. The amended Class A Plan provides that Mellon Bank,
N.A. and/or any of its affiliates are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and shareholder servicing services. The amended
Service Plan provides that DSC, and/or any of its affiliates, are entitled to
payment for providing certain services to shareholders of the Fund. There were
no changes made to the Fund's Distribution Plans with respect to its Class B,
Class C and Class T shares.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER MIDCAP STOCK FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
-----------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
----------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.
----------------------------------------
The clause "Pursuant to an agreement with the Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
third paragraph of the section of the SAI entitled "Purchase of Shares- Class A
Shares;" (ii) the third sentence of the second paragraph of the section entitled
"Purchase of Shares- Class T Shares;" and (iii) the first sentence of the
section entitled "Purchase of Shares - Class B and C Shares."
----------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND SERVICE PLANS:"
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and Class T shares (the "Service Plan") (together
with the Class A Plan, the "Plans"), to remove the inconsistency of the Plans'
reference to both DSC and the "Distributor" in the alternative, and to make
other non-material changes to update the Plans. The Class A Plan also was
amended to expressly provide that Mellon Bank, N.A. and other affiliates may be
paid directly under the Class A Plan for shareholder services they provide.
There was no change to the amount payable under the Plans or to any other
material terms of the Plans. The amended Class A Plan provides that Mellon Bank,
N.A and/or any of its affiliates, are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and shareholder servicing services. The amended
Service Plan provides that DSC, and/or any of its affiliates are entitled to
payment for providing certain services to shareholders of the Fund. There were
no changes made to the Fund's Distribution Plans with respect to its Class B,
Class C and Class T shares.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER SMALL CAP VALUE FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
--------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
--------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.
-----------------------------
The clause "Pursuant to an agreement with the Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
second paragraph of the section of the SAI entitled "Purchase of Shares- Class A
Shares;" (ii) the third sentence of the second paragraph of the section entitled
"Purchase of Shares- Class T Shares;" and (iii) the first sentence of the
section entitled "Purchase of Shares - Class B and C Shares."
-------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND SERVICE PLANS:"
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and Class T shares (the "Service Plan") (together
with the Class A Plan, the "Plans"), to remove the inconsistency of the Plans'
reference to both DSC and the "Distributor" in the alternative, and to make
other non-material changes to update the Plans. The Class A Plan also was
amended to expressly provide that Mellon Bank, N.A. and other affiliates may be
paid directly under the Class A Plan for shareholder services they provide.
There was no change to the amount payable under the Plans or to any other
material terms of the Plans. The amended Class A Plan provides that Mellon Bank,
N.A and/or any of its affiliates are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and shareholder servicing services. The amended
Service Plan provides that DSC, and/or any of its affiliates, are entitled to
payment for providing certain services to shareholders of the Fund. There were
no changes made to the Fund's Distribution Plans with respect to its Class B,
Class C and Class T shares.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS MONEY MARKET RESERVES
DREYFUS U.S. TREASURY RESERVES
DREYFUS MUNICIPAL RESERVES
DREYFUS INSTITUTIONAL PRIME MONEY MARKET FUND
DREYFUS INSTITUTIONAL GOVERNMENT MONEY MARKET FUND
DREYFUS INSTITUTIONAL U.S. TREASURY MONEY MARKET FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUNDS/COMPANY," "MANAGEMENT OF THE FUNDS" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Funds. DSC is located at 200 Park Avenue, New York, NY 10166.
-----------------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUNDS - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
---------------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION PLAN AND SHAREHOLDER
SERVICING PLAN - DISTRIBUTION PLAN:"
Coincident with the transfer of distribution responsibilities from Premier
Mutual Fund Services, Inc. to DSC, the Company's Board adopted amendments to the
Distribution Plan with respect to Investor shares of Money Market Reserves, U.S.
Treasury Reserves and Municipal Reserves (the "Distribution Plan") to remove the
inconsistency of the Plan's reference to both DSC and the "Distributor" in the
alternative, and to make other non-material changes to update the Distribution
Plan. The Distribution Plan also was amended to expressly provide that Mellon
Bank, N.A. and other affiliates may be paid directly under the Distribution Plan
for shareholder services they provide. There was no change to the amount payable
under the Distribution Plan or to any other material terms of the Distribution
Plan. The amended Distribution Plan provides that Mellon Bank, N.A. and/or any
of its affiliates are entitled to payment with respect to shareholder servicing
services and the Distributor (DSC) is entitled to payment with respect to
distribution and/or shareholder servicing services.
---------------------------------
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE FIRST SENTENCE OF THE
SECOND PARAGRAPH OF THE SECTION IN THE SAI ENTITLED " DISTRIBUTION PLAN AND
SHAREHOLDER SERVICING PLAN - SHAREHOLDER SERVICING PLAN:"
The Institutional Plan permits each of Institutional Prime Fund,
Institutional Government Fund and Institutional U.S. Treasury Fund to compensate
Service Agents either directly or through the Distributor and pursuant to
shareholder servicing agreements between the Company and Service Agents or
between the Distributor and Service Agents.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER TAX MANAGED GROWTH FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
-----------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE FUND":
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
----------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.
----------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND SERVICE PLANS:"
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and Class T shares (the "Service Plan") (together
with the Class A Plan, the "Plans"), to remove the inconsistency of the Plans'
reference to both DSC and the "Distributor" in the alternative, and to make
other non-material changes to update the Plans. The Class A Plan also was
amended to expressly provide that Mellon Bank, N.A. and other affiliates may be
paid directly under the Class A Plan for shareholder services they provide.
There was no change to the amount payable under the Plans or to any other
material terms of the Plans. The amended Class A Plan provides that Mellon Bank,
N.A and/or any of its affiliates are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and shareholder servicing services. The amended
Service Plan provides that DSC, and/or any of its affiliates, are entitled to
payment for providing certain services to shareholders of the Fund. There were
no changes made to the Fund's Distribution Plans with respect to its Class B,
Class C and Class T shares.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS BASIC S&P 500 STOCK INDEX FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
---------------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS DISCIPLINED INTERMEDIATE BOND FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
-------------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
---------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION PLAN:"
Coincident with the transfer of distribution responsibilities from Premier
Mutual Fund Services, Inc. to DSC, the Company's Board adopted amendments to the
Fund's Distribution Plan with respect to Investor shares (the "Plan"), to remove
the inconsistency of the Plan's reference to both DSC and the "Distributor" in
the alternative, and to make other non-material changes to update the Plan. The
Plan also was amended to expressly provide that Mellon Bank, N.A. and other
affiliates may be paid directly under the Plan for shareholder services they
provide. There was no change to the amount payable under the Plan or to any
other material terms of the Plan. The amended Plan provides that Mellon Bank,
N.A. and/or any of its affiliates are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and/or shareholder servicing services.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS DISCIPLINED SMALLCAP STOCK FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
--------------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
--------------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION PLAN:"
Coincident with the transfer of distribution responsibilities from Premier
Mutual Fund Services, Inc. to DSC, the Company's Board adopted amendments to the
Fund's Distribution Plan (the "Plan") solely to eliminate redundant references
to DSC, and to make other non-material changes to update the Plan. There was no
change to the amount payable under the Plan or to any other material terms of
the Plan. The amended Plan provides that Mellon Bank, N.A. and/or any of its
affiliates are entitled to payment with respect to shareholder servicing
services and the Distributor (DSC) is entitled to payment with respect to
distribution and/or shareholder servicing services.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS DISCIPLINED STOCK FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND," "MANAGEMENT
ARRANGEMENTS" AND "DISTRIBUTION PLAN:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
-----------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS BOND MARKET INDEX FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
--------------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
----------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION PLAN:"
Coincident with the transfer of distribution responsibilities from Premier
Mutual Fund Services Inc. to DSC, the Company's Board adopted amendments to the
Fund's Distribution Plan with respect to Investor shares (the "Plan"), to
remove the inconsistency of the Plan's reference to both DSC and the
"Distributor" in the alternative, and to make other non-material changes to
update the Plan. The Plan also was amended to expressly provide that Mellon
Bank, N.A. and other affiliates may be paid directly under the Plan for
shareholder services they provide. There was no change to the amount payable
under the Plan or to any other material terms of the Plan. The amended Plan
provides that Mellon Bank, N.A. and/or any of its affiliates are entitled to
payment with respect to shareholder servicing services and the Distributor (DSC)
is entitled to payment with respect to distribution and/or shareholder servicing
services.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS TAX-SMART GROWTH FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
December 15, 1999
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
---------------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
-----------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION PLAN:"
Coincident with the transfer of distribution responsibilities from Premier
Mutual Fund Services, Inc. to DSC, the Company's Board adopted amendments to the
Fund's Distribution Plan (the "Plan") solely to eliminate redundant references
to DSC, and to make other non-material changes to update the Plan. There was no
change to the amount payable under the Plan or to any other material terms of
the Plan. The amended Plan provides that Mellon Bank, N.A. and/or any of its
affiliates are entitled to payment with respect to shareholder servicing
services and the Distributor (DSC) is entitled to payment with respect to
distribution and/or shareholder servicing services.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER BALANCED FUND
DREYFUS PREMIER LIMITED TERM INCOME FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND/COMPANY," "MANAGEMENT OF THE FUNDS" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Funds. DSC is located at 200 Park Avenue, New York, NY 10166.
-------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUNDS - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
--------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Funds refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), each Fund's distributor prior to March 16, 2000. No
information is provided for DSC, as it was not the Funds' distributor as of the
Funds' last fiscal year end.
--------------------------
The clause "Pursuant to an agreement with the Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
sixth paragraph of the section of the SAI entitled "Purchase of Shares- Class A
Shares;" (ii) the third sentence of the second paragraph of the section entitled
"Purchase of Shares- Class T Shares (Balanced Fund only)"; and (iii) the first
sentence of the section entitled "Purchase of Shares - Class B and C Shares."
--------------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND SERVICE PLANS":
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to each Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and, with respect to the Dreyfus Premier Balanced
Fund, Class T shares (the "Service Plan") (together with the Class A Plan, the
"Plans"), to remove the inconsistency of the Plans' reference to both DSC and
the "Distributor" in the alternative, and to make other non-material changes to
update the Plans. The Class A Plan also was amended to expressly provide that
Mellon Bank N.A. and other affiliates may be paid directly under the Class A
Plan for shareholder services they provide. There was no change to the amount
payable under the Plans or to any other material terms of the Plans. The amended
Class A Plan provides that Mellon Bank, N.A and/or any of its affiliates are
entitled to payment with respect to shareholder servicing services and the
Distributor (DSC) is entitled to payment with respect to distribution and
shareholder servicing services. The amended Service Plan provides that DSC,
and/or any of its affiliates, are entitled to payment for providing certain
services to shareholders of the Funds. There were no changes made to the Funds'
Distribution Plan, with respect to their Class B and Class C Shares, or to the
Dreyfus Premier Balanced Fund's Distribution Plan, with respect to its Class T
Shares.
================================================================================
March 22, 2000
THE DREYFUS/LAUREL FUNDS, INC.
DREYFUS PREMIER SMALL COMPANY STOCK FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
March 1, 2000
THE FOLLOWING INFORMATION REPLACES ALL CONTRARY INFORMATION CONTAINED IN
THE SECTIONS OF THE STATEMENT OF ADDITIONAL INFORMATION ("SAI") ENTITLED
"DESCRIPTION OF THE FUND," "MANAGEMENT OF THE FUND" AND "MANAGEMENT
ARRANGEMENTS:"
Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.
---------------------------
THE FOLLOWING INFORMATION REPLACES THE INFORMATION CONTAINED IN THE SECTION
OF THE SAI ENTITLED "MANAGEMENT OF THE FUND - OFFICERS OF THE COMPANY:"
Stephen E. Canter, President. President, Chief Operating Officer, and Chief
Investment Officer of Dreyfus, and an officer of other investment companies
advised and administered by Dreyfus. Mr. Canter also is a Director or an
Executive Committee Member of the other investment management subsidiaries
of Mellon Financial Corporation, each of which is an affiliate of Dreyfus.
He is 54 years old.
Mark N. Jacobs, Vice President. Vice President, Secretary, and General Counsel
to Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 53 years old.
Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 42 years old.
Steven F. Newman, Secretary. Associate General Counsel and Assistant Secretary
of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 50 years old.
Jeff Prusnofsky, Assistant Secretary. Assistant General Counsel of Dreyfus, and
an officer of other investment companies advised and administered by
Dreyfus. He is 34 years old.
Michael A. Rosenberg, Assistant Secretary. Associate General Counsel of Dreyfus,
and an officer of other investment companies advised and administered by
Dreyfus. He is 40 years old.
Michael Condon, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 38 years old.
William McDowell, Assistant Treasurer. Senior Accounting Manager - Taxable Fixed
Income of Dreyfus, and an officer of other investment companies advised and
administered by Dreyfus. He is 41 years old.
James Windels, Assistant Treasurer. Senior Treasury Manager of Dreyfus, and an
officer of other investment companies advised and administered by Dreyfus.
He is 41 years old.
The address of each Fund officer is 200 Park Avenue, New York, NY 10166.
-----------------------
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE SAI ENTITLED "MANAGEMENT ARRANGEMENTS - THE DISTRIBUTOR:"
Disclosure of the amounts retained by "the Distributor" on the sale of
shares of the Fund refers to amounts retained by Premier Mutual Fund Services,
Inc. ("Premier"), the Fund's distributor prior to March 22, 2000. No information
is provided for DSC, as it was not the Fund's distributor as of the Fund's last
fiscal year end.
-----------------------
The clause "Pursuant to an agreement with the "Distributor" hereby is
deleted in the following sections of the SAI: (i) the third sentence of the
fourth paragraph of the section of the SAI entitled "Purchase of Shares - Class
A Shares;" (ii) the third sentence of the second paragraph of the section
entitled "Purchase of Shares - Class T Shares;" and (iii) the first sentence of
the section entitled "Purchase of Shares - Class B and C Shares."
------------------------
THE FOLLOWING INFORMATION SUPPLEMENTS AND REPLACES ALL CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE SAI ENTITLED "DISTRIBUTION AND SERVICE PLANS:"
-------------------------
Coincident with the transfer of distribution responsibilities from Premier
to DSC, the Company's Board adopted amendments to the Fund's Distribution Plan,
with respect to Class A shares (the "Class A Plan"), and Service Plan, with
respect to Class B, Class C and Class T shares (the "Service Plan") (together
with the Class A Plan, the "Plans"), to remove the inconsistency of the Plans'
reference to both DSC and the "Distributor" in the alternative, and to make
other non-material changes to update the Plans. The Class A Plan also was
amended to expressly provide that Mellon Bank, N.A. and other affiliates may be
paid directly under the Class A Plan for shareholder services they provide.
There was no change to the amount payable under the Plans or to any other
material terms of the Plans. The amended Class A Plan provides that Mellon Bank,
N.A and/or any of its affiliates are entitled to payment with respect to
shareholder servicing services and the Distributor (DSC) is entitled to payment
with respect to distribution and shareholder servicing services. The amended
Service Plan provides that DSC, and/or any of its affiliates, are entitled to
payment for providing certain services to shareholders of the Fund. There were
no changes made to the Fund's Distribution Plans with respect to its Class B,
Class C and Class T shares.
