May 10, 1996
DREYFUS BALANCED FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 2, 1996
AS REVISED APRIL 1, 1996
THE FOLLOWING INFORMATION SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN
THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF THE FUND--
TRANSFER AND DIVIDEND DISBURSING AGENT AND CUSTODIAN.
Mellon Bank, N.A., One Mellon Bank Center, Pittsburgh, Pennsylvania 15258,
serves as the Fund's Custodian.
222/s051096
DREYFUS BALANCED FUND, INC.
Supplement to Statement of Additional Information
dated January 2, 1996
as Revised April 1, 1996
The following information supersedes any contrary information
contained in the section of the Funds' Statement of Additional Information
entitled "Transfer and Dividend Disbursing Agent, Custodian, Counsel and
Independent Auditors."
Mellon Bank, N.A., One Mellon Bank Center, Pittsburgh, Pennsylvania
15258, is the Fund's Custodian.
