DREYFUS GROWTH & VALUE FUNDS INC
497, 2000-05-24
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                                                    May 25, 2000

                   Dreyfus Growth and Value Funds, Inc.
             Supplement to Statement of Additional Information
                               Dated March 1, 2000

      The following information supplements the information contained in the
section of the Fund's Statement of Additional Information entitled "Shareholder
Services - Automatic Withdrawal Plan."

      Class B Shares - Dreyfus Automatic Withdrawal Plan

      For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Dreyfus Automatic Withdrawal Plan ("AWP") is added on
or after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does not
exceed an annual rate of 12% of the greater of the account value at the time of
the first withdrawal under the AWP, or the account value at the time of the
subsequent withdrawal. Withdrawals with respect to Class B shares under the AWP
that exceed such amounts will be subject to a CDSC.









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                                                    May 25, 2000



                  Dreyfus Premier Technology Growth Fund
                         Supplement to Prospectus
             Dated January 1, 2000, As Revised April 14, 2000


      The following information supplements the information contained in the
section of the Fund's Prospectus entitled "Your Investment - Services for Fund
Investors."

      Class B Shares - Dreyfus Automatic Withdrawal Plan

      For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Dreyfus Automatic Withdrawal Plan ("AWP") is added on
or after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does not
exceed an annual rate of 12% of the greater of the account value at the time of
the first withdrawal under the AWP, or the account value at the time of the
subsequent withdrawal.





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