July 18, 1997
DREYFUS BALANCED FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED JANUARY 2, 1997
THE FOLLOWING INFORMATION SUPERSEDES ANY CONTRARY INFORMATION
CONTAINED IN THE FUND'S PROSPECTUS.
The Fund's primary portfolio manager is Douglas D. Ramos. He has held
that position and has been employed by The Dreyfus Corporation, since July
1997. Prior to joining The Dreyfus Corporation, Mr. Ramos was employed by
Loomis, Sayles & Company, L.P., most recently serving as a Senior Partner and
Investment Counselor.
The Telephone Redemption Privilege is granted automatically unless
you specifically refuse it by checking the applicable "No" box on the Account
Application. The Telephone Redemption Privilege may be established for an
existing account by a separate signed Shareholder Services Form or by oral
request from any of the authorized signatories on the account by calling
1-800-645-6561.
222s071897
