January 11, 2007

THE DREYFUS/LAUREL FUNDS TRUST
DREYFUS PREMIER INTERNATIONAL BOND FUND
Supplement to Prospectus
dated December 30, 2005

The following information supersedes any contrary information in the “Goal/Approach” section of the fund’s Prospectus:

The fund may, but is not require to, use derivatives, such as futures, options and 

forward contracts, as a substitute for taking a position in an underlying asset, to 

increase returns, to manage market, foreign currency and/or duration or interest 

rate risk, or as part of a hedging strategy.The fund may enter into swap agreements, 

such as interest rate swaps and credit default swaps, which can be used to transfer 

the credit risk of a security without actually transferring ownership of the security 

or to customize exposure to particular corporate credit. The fund also may invest 

in collateralized debt obligations (CDOs), which include collateralized loan obliga- 

tions and other similarly structured securities.To enhance current income, the fund 

may engage in a series of purchase and sale contracts or forward roll transactions 

in which the fund sells a mortgage-related security, for example, to a financial insti- 

tution and simultaneously agrees to purchase a similar security from the institution 

at a later date at an agreed-upon price. The fund also may make forward commit- 

ments in which the fund agrees to buy or sell a security in the future at a price 

agreed upon today. 

The following information supersedes any contrary information in the “Main Risks” section of the fund’s Prospectus:

Derivatives Risk. The fund may use derivative instruments, such as options, futures, 

and options on futures (including those relating to securities, foreign currencies, 

indexes and interest rates), forward contracts, swaps (including credit default swaps 

on corporate bonds and asset-backed securities), options on swaps, and other cred- 

it derivatives, and may invest in mortgage-related securities and CDOs and other 

asset-backed securities. A small investment in derivatives could have a potentially 

large impact on the fund’s performance. The use of derivatives involves risks dif- 

ferent from, or possibly greater than, the risks associated with investing directly in 

the underlying assets. Derivatives can be highly volatile, illiquid and difficult to 

value, and there is the risk that changes in the value of a derivative held by the fund 

will not correlate with the underlying instruments or the fund’s other investments. 

Derivative instruments also involve the risk that a loss may be sustained as a result 

of the failure of the counterparty to the derivative instruments to make required 

payments or otherwise comply with the derivative instruments’ terms. Credit 

default swaps and similar instruments involve greater risks than if the fund had 

(Continued on Reverse Side)

invested in the reference obligation directly, since, in addition to general market 

risks, they are subject to illiquidity risk, counterparty risk and credit risks. 

Additionally, some derivatives the fund uses involve leverage (e.g., an instrument 

linked to the value of a securities index may return income calculated as a multiple 

of the price movement of the underlying index). This economic leverage will 

increase the volatility of these instruments as they may increase or decrease in value 

more quickly than the underlying security, index, futures contracts, or other eco- 

nomic variable. The fund may be required to segregate permissible liquid assets to 

cover its obligations relating to its purchase of derivative instruments. 

Leveraging Risk. The use of leverage, such as borrowing money to purchase securi- 

ties, engaging in reverse repurchase agreements, lending portfolio securities, enter- 

ing into forward currency contracts and engaging in forward commitment transac- 

tions, may magnify the fund’s gains or losses. 

6091s0107

THE DREYFUS/LAUREL FUNDS TRUST
DREYFUS PREMIER MANAGED INCOME FUND
Supplement to Prospectus
dated May 1, 2006

The following information supersedes any contrary information in the “Goal/Approach” section of the fund’s Prospectus:

The fund may, but is not require to, use derivatives, such as futures, options and 

forward contracts, as a substitute for taking a position in an underlying asset, to 

increase returns, to manage market, foreign currency and/or duration or interest 

rate risk, or as part of a hedging strategy.The fund may enter into swap agreements, 

such as interest rate swaps and credit default swaps, which can be used to transfer 

the credit risk of a security without actually transferring ownership of the security 

or to customize exposure to particular corporate credit. The fund also may invest 

in collateralized debt obligations (CDOs), which include collateralized loan obliga- 

tions and other similarly structured securities.To enhance current income, the fund 

may engage in a series of purchase and sale contracts or forward roll transactions 

in which the fund sells a mortgage-related security, for example, to a financial insti- 

tution and simultaneously agrees to purchase a similar security from the institution 

at a later date at an agreed-upon price. The fund also may make forward commit- 

ments in which the fund agrees to buy or sell a security in the future at a price 

agreed upon today. 

The following information supersedes any contrary information in the “Main Risks” section of the fund’s Prospectus:

Derivatives Risk. The fund may use derivative instruments, such as options, futures, 

and options on futures (including those relating to securities, foreign currencies, 

indexes and interest rates), forward contracts, swaps (including credit default swaps 

on corporate bonds and asset-backed securities), options on swaps, and other cred- 

it derivatives, and may invest in mortgage-related securities and CDOs and other 

asset-backed securities. A small investment in derivatives could have a potentially 

large impact on the fund’s performance. The use of derivatives involves risks dif- 

ferent from, or possibly greater than, the risks associated with investing directly in 

the underlying assets. Derivatives can be highly volatile, illiquid and difficult to 

value, and there is the risk that changes in the value of a derivative held by the fund 

will not correlate with the underlying instruments or the fund’s other investments. 

Derivative instruments also involve the risk that a loss may be sustained as a result 

of the failure of the counterparty to the derivative instruments to make required 

payments or otherwise comply with the derivative instruments’ terms. Credit 

default swaps and similar instruments involve greater risks than if the fund had 

(Continued on Reverse Side)

invested in the reference obligation directly, since, in addition to general market 

risks, they are subject to illiquidity risk, counterparty risk and credit risks. 

Additionally, some derivatives the fund uses involve leverage (e.g., an instrument 

linked to the value of a securities index may return income calculated as a multiple 

of the price movement of the underlying index). This economic leverage will 

increase the volatility of these instruments as they may increase or decrease in value 

more quickly than the underlying security, index, futures contracts, or other eco- 

nomic variable. The fund may be required to segregate permissible liquid assets to 

cover its obligations relating to its purchase of derivative instruments. 

Leveraging Risk. The use of leverage, such as borrowing money to purchase securi- 

ties, engaging in reverse repurchase agreements, lending portfolio securities, enter- 

ing into forward currency contracts and engaging in forward commitment transac- 

tions, may magnify the fund’s gains or losses. 

0349s0107