May 4, 1994
PREMIER GLOBAL INVESTING
SUPPLEMENT TO PROSPECTUS DATED APRIL 15, 1994
The following information supplements and should be read in
conjunction with the section of the Fund's Prospectus entitled
"Management of the Fund."
The Fund's manager, The Dreyfus Corporation ("Dreyfus"), has entered
into an Agreement and Plan of Merger (the "Merger Agreement") providing
for the merger of Dreyfus with a subsidiary of Mellon Bank Corporation
("Mellon").
Following the merger, it is planned that Dreyfus will be a direct
subsidiary of Mellon Bank, N.A. Closing of this merger is subject to a
number of contingencies, including the receipt of certain regulatory
approvals and the approvals of the stockholders of Dreyfus and of Mellon.
The merger is expected to occur in mid-1994, but could occur
significantly later.
As a result of regulatory requirements and the terms of the Merger
Agreement, Dreyfus will seek various approvals from the Fund's board and
shareholders before completion of the merger. Shareholder approval will
be solicited by a proxy statement.
The following information supplements and should be read in
conjunction with the section of the Fund's Prospectus entitled
"Performance Information."
From time to time advertising materials for the Fund also may refer to
Value Line Mutual Fund Survey company ratings and related analyses
supporting the rating.
The following information replaces the second sentence of the second
paragraph of the section of
(CONTINUED ON REVERSE SIDE)
the Fund's Prospectus entitled "Management of the Fund."
The Fund's primary portfolio manager is Kelly McDermott. She has held
the position since May, 1994, and has been employed by The Dreyfus
Corporation since June, 1992. Previously, Ms. McDermott served in the
Institutional Division of European sales at Morgan Stanley & Co.
Incorporated, Solomon Brothers, Inc. and Klein- wort Benson.
092/stkr050494
