EXHIBIT C
THE DREYFUS FAMILY OF FUNDS
Rule 18f-3 Plan
Rule 18f-3 under the Investment Company Act of 1940, as amended (the
"1940 Act"), requires that the Board of an investment company desiring to offer
multiple classes pursuant to said Rule adopt a plan setting forth the separate
arrangement and expense allocation of each class, and any related conversion
features or exchange privileges.
The Board, including a majority of the non-interested Board members,
of each of the investment companies, or series thereof, listed on Schedule A
attached hereto (each, a "Fund") which desires to offer multiple classes has
determined that the following plan is in the best interests of each class
individually and the Fund as a whole:
1. Class Designation: Fund shares shall be divided into
Initial shares and Service shares.
2. Differences in Services: The services offered to
shareholders of each Class shall be substantially the same.
3. Differences in Distribution Arrangements: Each Class of shares
shall be offered at net asset value only to separate accounts established by
insurance companies to fund variable annuity contracts and variable life
insurance policies ("variable products") subject to the terms and conditions set
forth in the participating insurance company's variable product prospectus, as
it may be amended from time to time. Neither Class shall be subject to any
front-end or contingent deferred sales charges.
Service shares shall be subject to an annual distribution fee at the
rate set forth on Schedule B attached hereto pursuant to a Distribution Plan
adopted in accordance with Rule 12b-1 under the 1940 Act.
Initial shares of Dreyfus Stock Index Fund and The Dreyfus Socially
Responsible Growth Fund, Inc. shall be subject to an annual service fee at the
rate of up to .25% of the value of the average daily net assets of Initial
shares pursuant to a Shareholder Services Plan.
4. Expense Allocation: The following expenses shall be allocated, to
the extent practicable, on a Class-by-Class basis: (a) fees under the
Distribution Plan and Shareholder Services Plan; (b) printing and postage
expenses related to preparing and distributing materials, such as shareholder
reports, prospectuses and proxies, to current shareholders of a specific Class;
(c) the expense of administrative personnel and services as required to support
the shareholders of a specific Class; (d) litigation or other legal expenses
relating solely to a specific Class; (e) transfer agent fees identified by the
Fund's transfer agent as being attributable to a specific Class; and (f) Board
members' fees incurred as a result of issues relating to a specific Class.
5. Exchange Privileges: Shares of a Class shall be exchangeable only
for (a) shares of the same Class of another Fund and (b) shares of another Class
or shares of certain other investment companies specified from time to time, in
each case, subject to the terms and conditions relating to transfer privileges
set forth in the participating insurance company's variable product prospectus,
as it may be amended from time to time.
Dated: October 30, 2000
A-1
SCHEDULE A
DREYFUS INVESTMENT PORTFOLIOS
Core Bond Portfolio
Core Value Portfolio
Emerging Leaders Portfolio
Emerging Markets Portfolio
European Equity Portfolio
Founders Discovery Portfolio
Founders Growth Portfolio
Founders International Equity Portfolio
Founders Passport Portfolio
Japan Portfolio
MidCap Stock Portfolio
Technology Growth Portfolio
DREYFUS VARIABLE INVESTMENT FUND
Appreciation Portfolio
Balanced Portfolio
Disciplined Stock Portfolio
Growth and Income Portfolio
International Equity Portfolio
International Value Portfolio
Limited Term High Income Portfolio
Quality Bond Portfolio
Small Cap Portfolio
Small Company Stock Portfolio
Special Value Portfolio
DREYFUS STOCK INDEX FUND
THE DREYFUS SOCIALLY RESPONSIBLE GROWTH FUND, INC.
B-1
SCHEDULE B
Fee as a percentage
Service Shares of of the average daily
Name of Fund net assets of the Service Shares
------------ --------------------------------
Dreyfus Stock Index Fund .25%
Dreyfus Investment Portfolios
Core Bond Portfolio .25%
Core Value Portfolio .25%
Emerging Leaders Portfolio .25%
Emerging Markets Portfolio .25%
European Equity Portfolio .25%
Founders Discovery Portfolio .25%
Founders Growth Portfolio .25%
Founders International Equity Portfolio .25%
Founders Passport Portfolio .25%
Japan Portfolio .25%
MidCap Stock Portfolio .25%
Technology Growth Portfolio .25%
Dreyfus Variable Investment Fund
Appreciation Portfolio .25%
Balanced Portfolio .25%
Disciplined Stock Portfolio .25%
Growth and Income Portfolio .25%
International Equity Portfolio .25%
International Value Portfolio .25%
Limited Term High Income Portfolio .25%
Quality Bond Portfolio .25%
Small Cap Portfolio .25%
Small Company Stock Portfolio .25%
Special Value Portfolio .25%
The Dreyfus Socially Responsible Growth Fund, .25%
Inc
