DREYFUS S&P 500 INDEX FUND
497, 2000-03-06
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                                                      March 16, 2000

                                 DREYFUS INDEX FUNDS, INC.
                                DREYFUS S&P 500 INDEX FUND\
                            DREYFUS MIDCAP INDEX FUND
                       DREYFUS SMALL CAP STOCK INDEX FUND
                     DREYFUS INTERNATIONAL STOCK INDEX FUND
                     SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
                                    DATED MARCH 1, 2000


     1. The following information replaces all contrary information contained in
the sections of the Statement of Additional Information ("SAI") entitled
"Description of the Funds", "Management of the Funds" and "Management
Arrangements":

     Effective March 16, 2000, Dreyfus Service Corporation ("DSC") became the
distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY 10166.

     2. The following information replaces the information contained in the
section of the Statement of Additional Information ("SAI") entitled "Management
of the Funds - Officers of the Funds":

Stephen E. Canter, President. President, Chief Operating Officer, and Chief
     Investment Officer of the Manager, and an officer of other investment
     companies advised and administered by the Manager. 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 the Manager. He is 54 years old.

Mark N. Jacobs, Vice President. Vice President, General Counsel and Assistant
     Secretary of the Manager, and an officer of other investment companies
     advised and administered by the Manager. He is 53 years old.

Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
     of the Manager, and an officer of other investment companies advised and
     administered by the Manager. He is 42 years old.

Michael A. Rosenberg, Secretary. Associate General Counsel of the Manager, and
     an officer of other investment companies advised and administered by the
     Manager. He is 40 years old.

Steven F. Newman, Assistant Secretary. Associate General Counsel and Assistant
     Secretary of the Manager, and an officer of other investment companies
     advised and administered by the Manager. He is 50 years old.

Mark Kornfeld, Assistant Secretary. Assistant General Counsel of the Manager,
     and an officer of other investment companies advised and administered by
     the Manager. From September 1993 to October 1998, Mr. Kornfeld was an
     Associate Attorney in the Litigation Group of Clifford Chance Rogers &
     Wells, LLP. He is 32 years old.

James Windels, Assistant Treasurer. Senior Treasury Manager of the Manager, and
     an officer of other investment companies advised and administered by the
     Manager. He is 41 years old.

     The address of each Fund officer is 200 Park Avenue, New York, NY 10166.



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