February 26, 2004

            THE DREYFUS/LAUREL FUNDS TRUST

      - Dreyfus Premier Limited Term High Yield Fund

               - Dreyfus Premier Managed Income Fund

   Supplement to Statement of Additional Information

                     dated May 1, 2003

                  As Revised, June 6, 2003

         Effective March 1, 2004, the following information

supersedes and replaces the information contained in the

third and fourth paragraphs in the section of the Fund’s

Statement of Additional Information entitled “Shareholder

Services – Automatic Withdrawal Plan”:

         No CDSC with respect to Class B or Class C shares will

be imposed on withdrawals made under the Automatic

Withdrawal Plan, provided that any amount withdrawn under

the plan does not exceed on an annual basis 12% of the greater

of (1) the account value at the time of the first withdrawal under

the Automatic Withdrawal Plan, or (2) the account value at the

time of the subsequent withdrawal. Withdrawals with respect to

Class B or Class C shares under the Automatic Withdrawal Plan

that exceed such amounts will be subject to a CDSC.

Withdrawals of Class A shares subject to a CDSC under the

Automatic Withdrawal Plan will be subject to any applicable

CDSC. Purchases of additional Class A shares where the sales

load is imposed concurrently with withdrawals of Class A

shares generally are undesirable.

Larkin-Supp-SAI-D/LFT-DPLTHYF-029