September 1, 1995
Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, D.C. 20549
Re: Dreyfus Asset Allocation Fund, Inc.
Registration Statement File No. 33-62626
CIK No.: 904818
Dear Sir/Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, this is to
certify that the form of Prospectus and Statement of Additional
Information that would have been filed under paragraph (b) or (c) of this
section does not differ from that contained in the most recent amendment
to the Fund's Registration Statement, electronically filed with the
Securities and Exchange Commission on August 21, 1995.
Very truly yours,
Todd Lebo
Counsel
The Dreyfus Corporation
TL:lr
cc: Ernst & Young LLP
Stroock & Stroock & Lavan