DREYFUS ASSET ALLOCATION FUND INC
497, 1994-09-27
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                          FOR USE BY BANKS ONLY
                                                         September 22, 1994
                     DREYFUS ASSET ALLOCATION FUND, INC.
                         Supplement to Prospectus
                         Dated August 29, 1994
        All mutual fund shares involve certain investment risks, including
the possible loss of principal.
                                                      550/s092294IST



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