COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE INVESTOR
SHARES AND RESTRICTED SHARES OF DREYFUS LIFETIME PORTFOLIOS, INC.-
GROWTH AND INCOME PORTFOLIO WITH THE STANDARD & POOR'S 500 COMPOSITE
STOCK PRICE INDEX AND A CUSTOMIZED BLENDED INDEX
EXHIBIT A:
DREYFUS DREYFUS
LIFETIME LIFETIME
PORTFOLIOS- PORTFOLIOS- STANDARD
GROWTH AND GROWTH AND & POOR'S 500
INCOME INCOME COMPOSITE
PORTFOLIO PORTFOLIO STOCK CUSTOMIZED
PERIOD (INVESTOR (RESTRICTED PRICE BLENDED
SHARES) SHARES) INDEX * INDEX **
3/31/95 10,000 10,000 10,000 10,000
9/30/95 11,432 11,448 11,823 11,241
9/30/96 13,128 13,070 14,226 12,619
9/30/97 16,521 16,366 19,976 15,520
9/30/98 17,519 17,394 21,791 16,533
9/30/99 20,003 19,918 27,845 18,790
9/30/00 21,434 21,390 31,540 20,846
* Source: Lipper Inc.
**Source: Lipper Inc., Morgan Stanley & Co. Incorporated and
J.P. Morgan & Co. Incorporated
================================================================================
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE INVESTOR
SHARES AND RESTRICTED SHARES OF DREYFUS LIFETIME PORTFOLIOS, INC.-
INCOME PORTFOLIO WITH THE LEHMAN BROTHERS INTERMEDIATE GOVERNMENT /
CREDIT BOND INDEX AND A CUSTOMIZED BLENDED INDEX
EXHIBIT A:
DREYFUS DREYFUS LEHMAN
LIFETIME LIFETIME BROTHERS
PORTFOLIOS- PORTFOLIOS- INTERMEDIATE
INCOME INCOME GOVERNMENT /
PORTFOLIO PORTFOLIO CREDIT CUSTOMIZED
(INVESTOR (RESTRICTED BOND BLENDED
PERIOD SHARES) SHARES) INDEX * INDEX *
3/31/95 10,000 10,000 10,000 10,000
9/30/95 10,808 10,824 10,673 10,894
9/30/96 11,573 11,615 11,221 11,829
9/30/97 13,099 13,183 12,140 13,623
9/30/98 14,268 14,388 13,407 14,933
9/30/99 15,044 15,202 13,491 16,001
9/30/00 16,000 16,228 14,334 17,246
*Source: Lipper Inc.
================================================================================
COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN THE INVESTOR
SHARES AND RESTRICTED SHARES OF DREYFUS LIFETIME PORTFOLIOS, INC.-
GROWTH PORTFOLIO WITH THE STANDARD & POOR'S 500 COMPOSITE STOCK PRICE
INDEX AND A CUSTOMIZED BLENDED INDEX
EXHIBIT A:
DREYFUS DREYFUS
LIFETIME LIFETIME STANDARD
PORTFOLIOS- PORTFOLIOS- & POOR'S 500
GROWTH GROWTH COMPOSITE
PORTFOLIO PORTFOLIO STOCK CUSTOMIZED
PERIOD (INVESTOR (RESTRICTED PRICE BLENDED
SHARES) SHARES) INDEX * INDEX **
3/31/95 10,000 10,000 10,000 10,000
9/30/95 11,856 11,872 11,823 11,545
9/30/96 14,177 14,214 14,226 13,399
9/30/97 19,043 19,146 19,976 17,551
9/30/98 19,610 19,752 21,791 18,169
9/30/99 24,218 24,478 27,845 22,089
9/30/00 26,361 26,712 31,540 25,143
* Source: Lipper Inc.
**Source: Lipper Inc., Morgan Stanley & Co. Incorporated and
J.P. Morgan & Co. Incorporated
