JULY 27, 1995
THE DREYFUS/LAUREL INVESTMENT SERIES _
DREYFUS/LAUREL SHORT-TERM
BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED APRIL 10, 1995
At a meeting of the Board of Trustees held on July 26, 1995, the
Board approved a plan to liquidate the Fund and distribute to shareholders
the assets of the Fund and to close out Fund shareholder accounts. The
liquidation is expected to occur on or about September 15, 1995. In
anticipation of the Fund's liquidation, effective August 2, 1995, the Fund
will be closed to any new or subsequent investments.
398s072795