December 1, 1995
PREMIER GROWTH FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED JUNE 20, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED
"MANAGEMENT OF THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES"
AND "HOW TO REDEEM FUND SHARES":
Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing Agent
(the "Transfer Agent").
In order to accomplish a transaction using the TELETRANSFER
Privilege or the Telephone Exchange Privilege, please contact your
Financial Representative. If you do not have a Financial Representative,
you may telephone 1-800-645-6561 or, if you are calling from overseas,
516-794-5452. These numbers will be effective January 1, 1996.
THE FOLLOWING INFORMATION SUPPLEMENTS AND SHOULD BE READ IN
CONJUNCTION WITH THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY
FUND SHARES - CLASS A SHARES":
Class A shares also may be purchased at net asset value without a
sales load through certain broker-dealers and other financial institutions
which have entered into an agreement with the Distributor, which includes a
requirement that such shares be sold for the benefit of clients participating
in a "wrap account" or a similar program under which such clients pay a fee
to such broker-dealer or other financial institution.
Class A shares also may be purchased at net asset value, subject to
appropriate documentation, through a broker-dealer or other financial
institution with the proceeds from the redemption of shares of a registered
open-end management investment company not managed by The Dreyfus Corporation
or its affiliates. The purchase of Class A shares of the
(CONTINUED ON REVERSE SIDE)
Fund must be made within 60 days of such redemption and the shareholder must
have either
(i) paid an initial sales charge or a contingent deferred sales charge or
(ii) been obligated to pay at any time during the holding period, but did not
actually pay on redemption, a deferred sales charge with respect to such
redeemed shares.
Class A shares also may be purchased at net asset value, subject to
appropriate documentation, by
(i) qualified separate accounts maintained by an insurance company pursuant
to the laws of any State or territory of the United States, (ii) a State,
county or city or instrumentality thereof, (iii) a charitable organization
(as defined in Section 501(c)(3) of the Internal Revenue Code of 1986, as
amended (the "Code")) investing $50,000 or more in Fund shares, and (iv) a
charitable remainder trust (as defined in Section 501(c)(3) of the Code).
070/628s120195
December 1, 1995
PREMIER GROWTH FUND, INC.
Supplement to Statement of Additional Information
Dated June 20, 1995
The following information supplements and supersedes any contrary
information contained in the Fund's Statement of Additional Information:
Effective December 1, 1995, Dreyfus Transfer, Inc. (the "Transfer
Agent") became the Fund's transfer and dividend disbursing agent. The
Transfer Agent, a wholly-owned subsidiary of the Manager, is located at One
American Express Plaza, Providence, Rhode Island 02903. Under a transfer
agency agreement with the Fund, the Transfer Agent arranges for the
maintenance of shareholder account records for the Fund, the handling of
certain communications between shareholders and the Fund and the payment of
dividends and distributions payable by the Fund. For these services, the
Transfer Agent receives a monthly fee computed on the basis of the number of
shareholder accounts it maintains for the Fund during the month, and is
reimbursed for certain out-of-pocket expenses. The Transfer Agent has no
part in determining the investment policies of the Fund or which securities
are to be purchased or sold by the Fund.
How to Buy Fund Shares--TeleTransfer Privilege. TeleTransfer purchase
orders may be made at any time. Purchase orders received by 4:00 P.M., New
York time, on any business day that Dreyfus Transfer, Inc., the Fund's
Transfer Agent and dividend disbursing agent (the "Transfer Agent"), and the
New York Stock Exchange are open for business will be credited to the
shareholder's Fund account on the next bank business day following such
purchase order. Purchase orders made after 4:00 P.M., New York time, on any
business day the Transfer Agent and the New York Stock Exchange are open for
business, or orders made on Saturday, Sunday or any Fund holiday (e.g., when
the New York Stock Exchange is not open for business), will be credited to
the shareholder's Fund account on the second bank business day following such
purchase order.
