March 3, 2000
DREYFUS GROWTH AND VALUE FUNDS, INC.
Supplement to the
Statement of Additional Information dated March 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Statement of Additional Information:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS AGGRESSIVE GROWTH FUND
Supplement to the
Prospectus dated January 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS AGGRESSIVE VALUE FUND
Supplement to the
Prospectus dated January 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS EMERGING LEADERS FUND
Supplement to the
Prospectus dated January 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS INTERNATIONAL VALUE FUND
Supplement to the
Prospectus dated January 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS MIDCAP VALUE FUND
Supplement to the
Prospectus dated January 1, 2000, as revised February 15, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS LARGE COMPANY VALUE FUND
Supplement to the
Prospectus dated March 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
<PAGE>
March 3, 2000
DREYFUS SMALL COMPANY VALUE FUND
Supplement to the
Prospectus dated March 1, 2000
The following information supplements or replaces any contrary information
contained in the Fund's Prospectus:
Shares acquired by purchase or exchange after March 9, 2000, and redeemed
or exchanged less than 30 days after they are acquired, will be subject to a
redemption fee of 1.00% of the value of the shares redeemed or exchanged. The
redemption fee will be retained by the Fund and used primarily to offset the
transaction costs that short-term trading imposes on the Fund and its
shareholders. For purposes of calculating the 30-day holding period, the Fund
will employ the "first in, first out" method, which assumes that the shares
redeemed or exchanged are the ones held the longest.
No redemption fee will be charged on the redemption or exchange of shares
(1) through the Fund's Automatic Withdrawal Plan or Dreyfus Auto-Exchange
Privilege, (2) through accounts that are reflected on the records of the
Transfer Agent as omnibus accounts approved by Dreyfus Service Corporation, (3)
through accounts established by securities dealers, banks or other financial
institutions approved by Dreyfus Service Corporation that utilize the National
Securities Clearing Corporation's networking system, or (4) acquired through the
reinvestment of dividends or capital gains distributions. The redemption fee may
be waived, modified or terminated at any time.
