October 1, 1995
DREYFUS SHORT-TERM INCOME FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 1, 1994
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS.
Effective October 1, 1995, the Fund terminated its Rule 12b-1 Service
Plan (the "Plan"). Accordingly, the Fund is no longer subject to the Plan's
.20% annual fee.
THE FOLLOWING INFORMATION SUPPLEMENTS INFORMATION CONTAINED IN THE
FUND'S PROSPECTUS.
SHAREHOLDER SERVICES PLAN - Effective October 1, 1995, the Fund adopted a
Shareholder Services Plan pursuant to which the Fund reimburses Dreyfus
Service Corporation, a wholly-owned subsidiary of The Dreyfus Corporation, an
amount not to exceed an annual rate of .20 of 1% of the value of the Fund's
average daily net assets for certain allocated expenses of providing personal
services and/or maintaining shareholder accounts. The services provided may
include personal services relating to shareholder accounts, such as answering
shareholder inquiries regarding the Fund and providing reports and other
information, and services related to the maintenance of shareholder accounts.
THE FOLLOWING INFORMATION SUPPLEMENTS INFORMATION CONTAINED IN THE
SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY FUND SHARES."
DREYFUS STEP PROGRAM - Dreyfus Step Program enables you to purchase Fund
shares without regard to the Fund's minimal initial investment requirements
through Dreyfus-AUTOMATIC Asset BuilderRegistration Mark, Dreyfus Government
Direct Deposit Privilege or Dreyfus Payroll Savings Plan. To establish a
Dreyfus Step Program account, you must supply the necessary information on
the Fund's Account Application
(CONTINUED ON REVERSE SIDE)
and file the required authorization form(s) with the Transfer Agent. For more
information concerning this Program, or to request the necessary
authorization form(s), please call toll free 1-800-782-6620. You may
terminate your participation in this Program at any time by discontinuing
your participation in Dreyfus-AUTOMATIC Asset Builder, Dreyfus Government
Direct Deposit Privilege or Dreyfus Payroll Savings Plan, as the case may be,
as provided under the terms of such Privilege(s). The Fund reserves the right
to redeem your account if you have terminated your participation in the
Program and your account's net asset value is $500 or less. See "How to
Redeem Fund Shares." The Fund may modify or terminate this Program at any
time. Investors who wish to purchase Fund shares through the Dreyfus Step
Program in conjunction with a Dreyfus-sponsored retirement plan may do so
only for IRAs, SEP-IRAs and IRA "Rollover Accounts." You should consider your
financial condition and the possibility of having to redeem your Fund shares
in times of rising prices or declining Fund share prices.
083/s100195
