DREYFUS GROWTH & VALUE FUNDS INC
497, 2000-06-23
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                                                                  June 23, 2000

                      DREYFUS PREMIER FUTURE LEADERS FUND

                           SUPPLEMENT TO PROSPECTUS

                              DATED JUNE 30, 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.

                                                                       522s0600




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