<PAGE> PAGE 1
000 B000000 09/30/96
000 C000000 0000909230
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS LIFETIME PORTFOLIOS, INC.
001 B000000 811-7878
001 C000000 2129226788
002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10166
002 D020000 0144
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 3
007 C010100 1
007 C020100 INCOME PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 GROWTH AND INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 GROWTH PORTFOLIO
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
015 A00AA01 MELLON BANK, N.A.
015 B00AA01 C
015 C01AA01 PITTSBURGH
015 C02AA01 PA
015 C03AA01 15258
015 E03AA01 X
015 A00AA02 THE BANK OF NEW YORK
015 B00AA02 S
015 C01AA02 NEW YORK
015 C02AA02 NY
015 C03AA02 10286
015 E04AA02 X
<PAGE> PAGE 2
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 154
019 C00AA00 DREYFUSFAM
020 A000001 SOLOMON BROTHERS INC.
020 B000001 13-3082694
020 C000001 35
020 A000002 MORGAN STANELY & CO. INCORPORATED
020 B000002 13-2655998
020 C000002 12
020 A000003 GOLDMAN SACHS, & CO.
020 B000003 13-5108880
020 C000003 12
020 A000004 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000004 75-1565705
020 C000004 7
020 A000005 FIDELITY CAPITAL MARKETS
020 B000005 13-3713968
020 C000005 6
020 A000006 LEHMAN BROTHERS INC.
020 B000006 13-2518466
020 C000006 4
020 A000007 INSTINET CORPORATION
020 B000007 13-3443395
020 C000007 4
020 A000008 MERRILL LYNCH, PIERCE, FENNER & SMITH, INC.
020 B000008 13-5674085
020 C000008 4
020 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000009 13-2741729
020 C000009 3
020 A000010 C.J. LAWRENCE INC.
020 B000010 13-2730828
020 C000010 2
021 000000 120
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001 178716
022 D000001 64472
022 A000002 SALOMON BROTHERS INC.
022 B000002 13-3082694
022 C000002 11895
022 D000002 4755
022 A000003 LEHMAN BROTHERS, INC.
022 B000003 13-2518466
022 C000003 7422
022 D000003 4253
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004 7722
022 D000004 1563
<PAGE> PAGE 3
022 A000005 MCDONALD & COMPANY SECURITIES, INC.
022 B000005 34-0642435
022 C000005 3584
022 D000005 2825
022 A000006 MORGAN STANLEY & CO. INCORPORATED
022 B000006 13-2655998
022 C000006 4073
022 D000006 1680
022 A000007 C.J. LAWRENCE INC.
022 B000007 13-2730828
022 C000007 2456
022 D000007 2134
022 A000008 CS FIRST BOSTON CORPORATION
022 B000008 13-5659485
022 C000008 4255
022 D000008 0
022 A000009 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
022 B000009 13-2741729
022 C000009 3012
022 D000009 1163
022 A000010 BEAR, STEARNS & CO. INC.
022 B000010 13-3299429
022 C000010 3314
022 D000010 0
023 C000000 239043
023 D000000 85949
026 A000000 Y
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 Y
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
<PAGE> PAGE 4
041 00AA00 N
077 A000000 Y
077 B000000 Y
080 A00AA00 VIGILANT INSURANCE COMPANY
080 B00AA00 NATIONAL UNION FIRE INSURANCE COMPANY
080 C00AA00 125000
081 A00AA00 Y
081 B00AA00 170
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
024 000100 N
028 A010100 135
028 A020100 0
028 A030100 0
028 A040100 49
028 B010100 207
028 B020100 0
028 B030100 0
028 B040100 80
028 C010100 386
028 C020100 0
028 C030100 0
028 C040100 65
028 D010100 437
028 D020100 0
028 D030100 0
028 D040100 86
028 E010100 2545
028 E020100 0
028 E030100 0
028 E040100 99
028 F010100 431
028 F020100 0
028 F030100 0
028 F040100 203
028 G010100 4141
028 G020100 0
028 G030100 0
028 G040100 582
028 H000100 0
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
<PAGE> PAGE 5
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
066 A000100 Y
066 B000100 N
066 C000100 N
066 D000100 N
066 E000100 N
066 F000100 Y
066 G000100 N
067 000100 N
068 A000100 N
068 B000100 N
069 000100 N
070 A010100 Y
070 A020100 N
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 Y
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 N
070 K010100 Y
070 K020100 N
070 L010100 N
070 L020100 N
070 M010100 N
070 M020100 N
070 N010100 Y
<PAGE> PAGE 6
070 N020100 N
070 O010100 Y
070 O020100 Y
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 7814
071 B000100 3886
071 C000100 11794
071 D000100 33
072 A000100 12
072 B000100 1133
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 107
072 G000100 0
072 H000100 0
072 I000100 27
072 J000100 3
072 K000100 0
072 L000100 3
072 M000100 5
072 N000100 11
072 O000100 1
072 P000100 0
072 Q000100 0
072 R000100 14
072 S000100 59
072 T000100 0
072 U000100 6
072 V000100 1
072 W000100 1
072 X000100 238
072 Y000100 109
072 Z000100 1004
072AA000100 760
072BB000100 8
072CC010100 0
072CC020100 515
072DD010100 373
072DD020100 361
072EE000100 259
073 A010100 0.6200
073 A020100 0.6000
073 B000100 0.4300
073 C000100 0.0000
074 A000100 91
<PAGE> PAGE 7
074 B000100 0
074 C000100 7107
074 D000100 14393
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 26
074 L000100 175
074 M000100 41
074 N000100 21833
074 O000100 207
074 P000100 0
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 36
074 S000100 0
074 T000100 21590
074 U010100 960
074 U020100 650
074 V010100 13.42
074 V020100 13.39
074 W000100 0.0000
074 X000100 132
074 Y000100 0
075 A000100 0
075 B000100 9356
076 000100 0.00
024 000200 Y
025 A000201 BEAR/STEARNS & CO. INC.
025 B000201 13-3299429
025 C000201 E
025 D000201 342
025 D000202 0
025 D000203 0
025 D000204 0
025 D000205 0
025 D000206 0
025 D000207 0
025 D000208 0
028 A010200 9046
028 A020200 0
028 A030200 0
028 A040200 27
028 B010200 84265
028 B020200 0
028 B030200 0
<PAGE> PAGE 8
028 B040200 160
028 C010200 672
028 C020200 0
028 C030200 0
028 C040200 28390
028 D010200 11075
028 D020200 0
028 D030200 0
028 D040200 14063
028 E010200 1153
028 E020200 0
028 E030200 0
028 E040200 3122
028 F010200 41966
028 F020200 0
028 F030200 0
028 F040200 1990
028 G010200 148177
028 G020200 0
028 G030200 0
028 G040200 47752
028 H000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 N
066 F000200 N
066 G000200 Y
067 000200 N
068 A000200 N
068 B000200 N
069 000200 N
<PAGE> PAGE 9
070 A010200 Y
070 A020200 N
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 Y
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 130304
071 B000200 48238
071 C000200 39359
071 D000200 123
072 A000200 12
072 B000200 1655
072 C000200 456
072 D000200 0
072 E000200 0
072 F000200 364
072 G000200 0
072 H000200 0
072 I000200 27
072 J000200 23
072 K000200 0
<PAGE> PAGE 10
072 L000200 6
072 M000200 9
072 N000200 74
072 O000200 1
072 P000200 0
072 Q000200 0
072 R000200 15
072 S000200 32
072 T000200 0
072 U000200 15
072 V000200 0
072 W000200 2
072 X000200 568
072 Y000200 187
072 Z000200 1730
072AA000200 4352
072BB000200 1958
072CC010200 1137
072CC020200 0
072DD010200 273
072DD020200 241
072EE000200 309
073 A010200 0.4200
073 A020200 0.4000
073 B000200 0.4800
073 C000200 0.0000
074 A000200 156
074 B000200 0
074 C000200 15854
074 D000200 41319
074 E000200 0
074 F000200 58194
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 2817
074 K000200 0
074 L000200 41517
074 M000200 55
074 N000200 159912
074 O000200 34702
074 P000200 20
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 354
074 S000200 0
074 T000200 124836
074 U010200 8127
074 U020200 10
<PAGE> PAGE 11
074 V010200 15.34
074 V020200 15.43
074 W000200 0.0000
074 X000200 148
074 Y000200 15957
075 A000200 0
075 B000200 41853
076 000200 0.00
024 000300 Y
025 A000301 BEAR/STEARNS & CO. INC.
025 B000301 13-3299429
025 C000301 E
025 D000301 170
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 2049
028 A020300 0
028 A030300 0
028 A040300 4
028 B010300 608
028 B020300 0
028 B030300 0
028 B040300 74
028 C010300 2184
028 C020300 0
028 C030300 0
028 C040300 93
028 D010300 2581
028 D020300 0
028 D030300 0
028 D040300 106
028 E010300 4729
028 E020300 0
028 E030300 0
028 E040300 328
028 F010300 1183
028 F020300 0
028 F030300 0
028 F040300 279
028 G010300 13334
028 G020300 0
028 G030300 0
028 G040300 884
028 H000300 0
062 A000300 N
062 B000300 0.0
<PAGE> PAGE 12
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 Y
066 D000300 N
066 E000300 N
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 N
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 Y
070 G010300 Y
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 Y
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
<PAGE> PAGE 13
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 N
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 23516
071 B000300 15513
071 C000300 19932
071 D000300 78
072 A000300 12
072 B000300 530
072 C000300 394
072 D000300 0
072 E000300 0
072 F000300 223
072 G000300 0
072 H000300 0
072 I000300 43
072 J000300 21
072 K000300 0
072 L000300 8
072 M000300 8
072 N000300 20
072 O000300 1
072 P000300 0
072 Q000300 0
072 R000300 18
072 S000300 69
072 T000300 0
072 U000300 0
072 V000300 1
072 W000300 2
072 X000300 414
072 Y000300 157
072 Z000300 667
072AA000300 3871
072BB000300 916
072CC010300 1810
072CC020300 0
072DD010300 249
072DD020300 226
072EE000300 563
073 A010300 0.3100
073 A020300 0.2800
<PAGE> PAGE 14
073 B000300 0.7000
073 C000300 0.0000
074 A000300 120
074 B000300 0
074 C000300 20061
074 D000300 0
074 E000300 0
074 F000300 28897
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 1563
074 K000300 26
074 L000300 178
074 M000300 30
074 N000300 50875
074 O000300 8232
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 42
074 S000300 0
074 T000300 42601
074 U010300 1697
074 U020300 872
074 V010300 16.59
074 V020300 16.58
074 W000300 0.0000
074 X000300 254
074 Y000300 20163
075 A000300 0
075 B000300 16411
076 000300 0.00
SIGNATURE MARIE E. CONNOLLY
TITLE PRESIDENT/TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 11
<NAME> GROWTH PORTFOLIO - CLASS R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 45005
<INVESTMENTS-AT-VALUE> 48958
<RECEIVABLES> 1741
<ASSETS-OTHER> 176
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50875
<PAYABLE-FOR-SECURITIES> 8232
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42
<TOTAL-LIABILITIES> 8274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35042
<SHARES-COMMON-STOCK> 1697
<SHARES-COMMON-PRIOR> 802
<ACCUMULATED-NII-CURRENT> 509
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2898
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4152
<NET-ASSETS> 28143
<DIVIDEND-INCOME> 394
<INTEREST-INCOME> 530
<OTHER-INCOME> 0
<EXPENSES-NET> 257
<NET-INVESTMENT-INCOME> 667
<REALIZED-GAINS-CURRENT> 2955
<APPREC-INCREASE-CURRENT> 1810
<NET-CHANGE-FROM-OPS> 5432
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (249)
<DISTRIBUTIONS-OF-GAINS> (563)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1676
<NUMBER-OF-SHARES-REDEEMED> (838)
<SHARES-REINVESTED> 57
<NET-CHANGE-IN-ASSETS> 18764
<ACCUMULATED-NII-PRIOR> 318
<ACCUMULATED-GAINS-PRIOR> 1075
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 223
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 414
<AVERAGE-NET-ASSETS> 16411
<PER-SHARE-NAV-BEGIN> 14.84
<PER-SHARE-NII> .28
<PER-SHARE-GAIN-APPREC> 2.48
<PER-SHARE-DIVIDEND> (.31)
<PER-SHARE-DISTRIBUTIONS> (.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.59
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 12
<NAME> GROWTH PORTFOLIO - CLASS I
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 45005
<INVESTMENTS-AT-VALUE> 48958
<RECEIVABLES> 1741
<ASSETS-OTHER> 176
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 50875
<PAYABLE-FOR-SECURITIES> 8232
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 42
<TOTAL-LIABILITIES> 8274
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 35042
<SHARES-COMMON-STOCK> 872
<SHARES-COMMON-PRIOR> 806
<ACCUMULATED-NII-CURRENT> 509
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2898
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4152
<NET-ASSETS> 14458
<DIVIDEND-INCOME> 394
<INTEREST-INCOME> 530
<OTHER-INCOME> 0
<EXPENSES-NET> 257
<NET-INVESTMENT-INCOME> 667
<REALIZED-GAINS-CURRENT> 2955
<APPREC-INCREASE-CURRENT> 1810
<NET-CHANGE-FROM-OPS> 5432
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (226)
<DISTRIBUTIONS-OF-GAINS> (566)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 829
<NUMBER-OF-SHARES-REDEEMED> (818)
<SHARES-REINVESTED> 56
<NET-CHANGE-IN-ASSETS> 18764
<ACCUMULATED-NII-PRIOR> 318
<ACCUMULATED-GAINS-PRIOR> 1075
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 223
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 414
<AVERAGE-NET-ASSETS> 13308
<PER-SHARE-NAV-BEGIN> 14.82
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> 2.42
<PER-SHARE-DIVIDEND> (.28)
<PER-SHARE-DISTRIBUTIONS> (.70)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 16.58
<EXPENSE-RATIO> .010
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 13
<NAME> GROWTH AND INCOME PORTFOLIO - CLASS R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 113098
<INVESTMENTS-AT-VALUE> 115367
<RECEIVABLES> 44334
<ASSETS-OTHER> 211
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159912
<PAYABLE-FOR-SECURITIES> 34702
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 374
<TOTAL-LIABILITIES> 35076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118500
<SHARES-COMMON-STOCK> 8127
<SHARES-COMMON-PRIOR> 646
<ACCUMULATED-NII-CURRENT> 1549
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2344
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2443
<NET-ASSETS> 124676
<DIVIDEND-INCOME> 456
<INTEREST-INCOME> 1655
<OTHER-INCOME> 0
<EXPENSES-NET> 381
<NET-INVESTMENT-INCOME> 1730
<REALIZED-GAINS-CURRENT> 2394
<APPREC-INCREASE-CURRENT> 1137
<NET-CHANGE-FROM-OPS> 5261
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (273)
<DISTRIBUTIONS-OF-GAINS> (309)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10598
<NUMBER-OF-SHARES-REDEEMED> (3159)
<SHARES-REINVESTED> 42
<NET-CHANGE-IN-ASSETS> 106986
<ACCUMULATED-NII-PRIOR> 333
<ACCUMULATED-GAINS-PRIOR> 545
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 364
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 568
<AVERAGE-NET-ASSETS> 41853
<PER-SHARE-NAV-BEGIN> 14.31
<PER-SHARE-NII> .33
<PER-SHARE-GAIN-APPREC> 1.60
<PER-SHARE-DIVIDEND> (.42)
<PER-SHARE-DISTRIBUTIONS> (.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.34
<EXPENSE-RATIO> .008
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 14
<NAME> GROWTH AND INCOME PORTFOLIO - CLASS I
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 113098
<INVESTMENTS-AT-VALUE> 115367
<RECEIVABLES> 44334
<ASSETS-OTHER> 211
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 159912
<PAYABLE-FOR-SECURITIES> 34702
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 374
<TOTAL-LIABILITIES> 35076
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 118500
<SHARES-COMMON-STOCK> 10
<SHARES-COMMON-PRIOR> 602
<ACCUMULATED-NII-CURRENT> 1549
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2344
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2443
<NET-ASSETS> 160
<DIVIDEND-INCOME> 456
<INTEREST-INCOME> 1655
<OTHER-INCOME> 0
<EXPENSES-NET> 381
<NET-INVESTMENT-INCOME> 1730
<REALIZED-GAINS-CURRENT> 2394
<APPREC-INCREASE-CURRENT> 1137
<NET-CHANGE-FROM-OPS> 5261
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (241)
<DISTRIBUTIONS-OF-GAINS> (286)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 630
<NUMBER-OF-SHARES-REDEEMED> (1260)
<SHARES-REINVESTED> 38
<NET-CHANGE-IN-ASSETS> 106986
<ACCUMULATED-NII-PRIOR> 333
<ACCUMULATED-GAINS-PRIOR> 545
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 364
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 568
<AVERAGE-NET-ASSETS> 6644
<PER-SHARE-NAV-BEGIN> 14.29
<PER-SHARE-NII> .90
<PER-SHARE-GAIN-APPREC> 1.12
<PER-SHARE-DIVIDEND> (.40)
<PER-SHARE-DISTRIBUTIONS> (.48)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 15.43
<EXPENSE-RATIO> .010
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 15
<NAME> INCOME PORTFOLIO-CLASS R
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 21639
<INVESTMENTS-AT-VALUE> 21500
<RECEIVABLES> 175
<ASSETS-OTHER> 158
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21833
<PAYABLE-FOR-SECURITIES> 207
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36
<TOTAL-LIABILITIES> 243
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20381
<SHARES-COMMON-STOCK> 960
<SHARES-COMMON-PRIOR> 602
<ACCUMULATED-NII-CURRENT> 743
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 588
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (122)
<NET-ASSETS> 12889
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1133
<OTHER-INCOME> 0
<EXPENSES-NET> 129
<NET-INVESTMENT-INCOME> 1004
<REALIZED-GAINS-CURRENT> 752
<APPREC-INCREASE-CURRENT> (515)
<NET-CHANGE-FROM-OPS> 1241
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (373)
<DISTRIBUTIONS-OF-GAINS> (259)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 948
<NUMBER-OF-SHARES-REDEEMED> (639)
<SHARES-REINVESTED> 49
<NET-CHANGE-IN-ASSETS> 5328
<ACCUMULATED-NII-PRIOR> 474
<ACCUMULATED-GAINS-PRIOR> 354
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 107
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 238
<AVERAGE-NET-ASSETS> 9356
<PER-SHARE-NAV-BEGIN> 13.52
<PER-SHARE-NII> .64
<PER-SHARE-GAIN-APPREC> .31
<PER-SHARE-DIVIDEND> (.62)
<PER-SHARE-DISTRIBUTIONS> (.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.42
<EXPENSE-RATIO> .006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000909230
<NAME> DREYFUS LIFETIME PORTFOLIOS, INC.
<SERIES>
<NUMBER> 16
<NAME> INCOME PORTFOLIO - CLASS I
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> SEP-30-1996
<PERIOD-END> SEP-30-1996
<INVESTMENTS-AT-COST> 21639
<INVESTMENTS-AT-VALUE> 21500
<RECEIVABLES> 175
<ASSETS-OTHER> 158
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21833
<PAYABLE-FOR-SECURITIES> 207
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 36
<TOTAL-LIABILITIES> 243
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 20381
<SHARES-COMMON-STOCK> 650
<SHARES-COMMON-PRIOR> 601
<ACCUMULATED-NII-CURRENT> 743
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 588
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (122)
<NET-ASSETS> 8701
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1133
<OTHER-INCOME> 0
<EXPENSES-NET> 129
<NET-INVESTMENT-INCOME> 1004
<REALIZED-GAINS-CURRENT> 752
<APPREC-INCREASE-CURRENT> (515)
<NET-CHANGE-FROM-OPS> 1241
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (361)
<DISTRIBUTIONS-OF-GAINS> (259)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 607
<NUMBER-OF-SHARES-REDEEMED> (607)
<SHARES-REINVESTED> 48
<NET-CHANGE-IN-ASSETS> 5328
<ACCUMULATED-NII-PRIOR> 474
<ACCUMULATED-GAINS-PRIOR> 354
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 107
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 238
<AVERAGE-NET-ASSETS> 8469
<PER-SHARE-NAV-BEGIN> 13.51
<PER-SHARE-NII> .73
<PER-SHARE-GAIN-APPREC> .18
<PER-SHARE-DIVIDEND> (.60)
<PER-SHARE-DISTRIBUTIONS> (.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 13.39
<EXPENSE-RATIO> .009
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
