PREMIER GLOBAL INVESTING INC
497, 1996-07-19
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                                                              July 19, 1996
                          PREMIER GLOBAL INVESTING, INC.
                            SUPPLEMENT TO PROSPECTUS
                              DATED MARCH 1, 1996
        THE FOLLOWING INFORMATION SUPERSEDES OR REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW
TO BUY SHARES -- CLASS A SHARES."
        Effective immediately, a CDSC of 1% will be assessed at the time of
redemption of Class A shares purchased without an initial sales charge as
part of an investment of at least $1,000,000 and redeemed within one year of
purchase.
        THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS IN THE SECTION ENTITLED
"MANAGEMENT OF THE FUND."
        Effective March 4, 1996, the Fund's primary portfolio manager is
Ronald Chapman. Mr. Chapman has been employed by The Dreyfus Corporation
since January 1996. For ten years prior thereto, he served as Vice President
of the Global Strategy & Management Group for Northern Trust Company.
                                                         092s071996



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