DREYFUS GROWTH & VALUE FUNDS INC
497, 1999-02-26
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                                             February 26, 1999



                       DREYFUS TECHNOLOGY GROWTH FUND

                              Supplement to the
                       Prospectus dated March 1, 1999



Multiple Class Structure

      At  a meeting of the Board of Directors held on February 25, 1999, the
Board  approved  a multiple class distribution structure for  the  Fund,  to
become  effective  on  or  about  April  1,  1999  (the  "Effective  Date").
Outstanding  shares  of  the  Fund prior  to  the  Effective  Date  will  be
redesignated as "Class A shares" and will be subject to a maximum  front-end
sales  load  of  5.75%.  HOLDERS OF FUND SHARES ON  THE  DAY  PRIOR  TO  THE
EFFECTIVE  DATE WILL CONTINUE TO BE ELIGIBLE TO PURCHASE CLASS A  SHARES  OF
THE FUND WITHOUT A FRONT-END SALES LOAD.

      At  the  meeting, the Board also approved changing the Fund's name  to
"Dreyfus Premier Technology Growth Fund" effective as of the Effective Date.













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