June 20, 1994
PREMIER GLOBAL INVESTING
SUPPLEMENT TO PROSPECTUS DATED JANUARY 17, 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 certain regulatory approvals and the
approvals of the stockholders of Dreyfus and of Mellon. The merger is
expected to occur in August 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
stockholders before completion of the merger. Proxy materials, approved
by the Fund's Board, recently have been mailed to Fund stockholders.
The following information replaces the second sentence of the second
paragraph of the section of 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
(CONTINUED ON REVERSE SIDE)
European sales at Morgan Stanley & Co. Incorporated, Solomon Brothers,
Inc. and Klein- wort Benson.
The following information modifies certain information in the sections
of the Prospectus entitled "Shareholder Services -- Exchange Privilege"
and "Shareholder Services -- Auto-Exchange Privilege."
Investors also may exchange their Fund shares subject to a CDSC for
shares of Dreyfus Worldwide Dollar Money Market Fund, Inc. The shares so
purchased will be held in a special account created solely for this purpose
(the "Exchange Account"). Exchanges of shares from an Exchange Account
only can be made into certain other funds managed or administered by The
Dreyfus Corporation. No CDSC is charged when an investor exchanges into
an Exchange Account; however, the applicable CDSC will be imposed when
shares are redeemed from an Exchange Account or other applicable fund
account. Upon redemption, the applicable CDSC will be calculated without
regard to the time such shares were held in an Exchange Account. See
"How to Redeem Fund Shares." In addition to the limited Exchange and
Auto-Exchange Privileges noted herein, Exchange Account shares are
eligible for the Dividend Sweep Privilege and the Automatic Withdrawal
Plan, and may receive redemption proceeds only by Federal wire or by
check.
092/stkr061594
