COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT
IN DREYFUS EMERGING MARKETS FUND AND THE MORGAN
STANLEY CAPITAL INTERNATIONAL EMERGING MARKETS
FREE INDEX
EXHIBIT A:
MORGAN
STANLEY
CAPITAL
INTERNATIONAL
DREYFUS EMERGING
PERIOD EMERGING MARKETS
MARKETS FREE
FUND INDEX *
6/28/96 10,000 10,000
5/31/97 11,407 10,709
5/31/98 9,342 7,678
5/31/99 10,608 7,944
5/31/00 12,363 9,354
* Source: Lipper Analytical Services, Inc.
================================================================================
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS INTERNATIONAL GROWTH FUND WITH THE MORGAN
STANLEY CAPITAL INTERNATIONAL EUROPE, AUSTRALASIA, FAR
EAST (EAFE(R)) INDEX AND THE MORGAN STANLEY CAPITAL
INTERNATIONAL WORLD EX- U.S. INDEX
EXHIBIT A:
MORGAN
STANLEY
CAPITAL
MORGAN INTERNATIONAL
STANLEY EUROPE,
DREYFUS CAPITAL AUSTRALASIA,
PERIOD INTERNATIONAL INTERNATIONAL FAR EAST
GROWTH WORLD EX- (EAFE(R))
FUND U.S.INDEX* INDEX *
6/29/93 10,000 10,000 10,000
5/31/94 12,232 11,485 11,537
5/31/95 11,277 12,076 12,106
5/31/96 12,713 13,409 13,398
5/31/97 13,649 14,513 14,408
5/31/98 14,798 16,165 16,009
5/31/99 12,428 16,792 16,706
5/31/00 17,625 19,870 19,571
* Source: Lipper Analytical
Services, Inc.
