COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT
IN DREYFUS BALANCED FUND, INC. WITH THE STANDARD &
POOR'S 500 COMPOSITE STOCK PRICE INDEX, THE
LEHMAN BROTHERS AGGREGATE BOND INDEX AND A CUSTOMIZED
BLENDED INDEX
EXHIBIT A:
STANDARD
& POOR'S LEHMAN
500
COMPOSITE BROTHERS DREYFUS CURRENT PREVIOUS
STOCK AGGREGATE BALANCED CUSTOMIZED CUSTOMIZED
PERIOD PRICE BOND FUND, BLENDED BLENDED
INDEX * INDEX * INC. INDEX * INDEX *
9/30/92 10,000 10,000 10,000 10,000 10,000
8/31/93 11,384 10,967 10,888 11,217 11,108
8/31/94 12,006 10,802 11,730 11,517 11,383
8/31/95 14,577 12,023 13,961 13,518 13,183
8/31/96 17,306 12,516 14,686 15,258 14,705
8/31/97 24,336 13,768 18,808 19,587 18,360
8/31/98 26,313 15,223 18,245 21,370 19,979
8/31/99 36,787 15,344 21,779 26,542 24,115
8/31/00 42,785 16,504 24,528 29,943 26,949
* Source: Lipper
Inc.
