COMSTOCK PARTNERS FUNDS, INC.
Supplement dated July 1, 1999 to Prospectus dated August 28, 1998
As of August 31, 1999, The Dreyfus Corporation ("Dreyfus") will no
longer serve as Sub-Investment Adviser to the Strategy Fund or serve as Sub-
Investment Adviser and Administrator to the Capital Value Fund. Comstock
Partners, Inc. will continue to serve as Investment Adviser to each of the
Funds and Princeton Administrators, L.P. will serve as administrator for each
of the Funds. As a result of this change, certain shareholder services
provided by Dreyfus will no longer be available to shareholders of the
Strategy Fund or the Capital Value Fund.
- The Exchange Privilege and the Auto-Exchange Privilege between
either the Strategy Fund or the Capital Value Fund and certain
funds managed or administered by Dreyfus will no longer be
available. (A description of these privileges begins on page 56
and 58, respectively, of the Prospectus.)
- The Exchange Privilege between either the Strategy Fund or the
Capital Value Fund and the Dreyfus Worldwide Dollar Money Market
Fund for the purpose of establishing, or exchanging out of, an
Exchange Account will no longer be available. (A description of
this privilege begins on page 56 of the Prospectus.)
- Dividend Sweep between either the Strategy Fund or the Capital
Value Fund and funds advised or administered by Dreyfus
will no longer be available. (A description of this privilege
appears on page 60 of the Prospectus.)
- Purchases of shares of either the Strategy Fund or the Capital
Value Fund will no longer count toward Right of Accumulation for
purchases of funds advised by Dreyfus which are subject to a sales
load. (A description of this privilege begins on page 61 of the
Prospectus.)
