May 15, 2007

STRATEGIC FUNDS, INC.:

Dreyfus Premier New Leaders Fund 

Supplement to the Prospectus 

Dated May 1, 2007 

The following information supersedes and replaces the first two 

sentences of the second paragraph contained in the Prospectus 

under the heading “The Fund --Goal/Approach”: 

The fund defines “small and midsize companies” as companies 

included in the Russell Midcap Index at the time of purchase. 

The fund may continue to own stocks subsequently removed 

from the Index, but would not expect to do so for extended 

periods due to the application of the portfolio managers’ 

quantitative investment process. 

The following information supplements the information 

contained in the Prospectus under the heading “The Fund -- 

Goal/Approach – Concepts to Understand”: 

Russell MidCap Index: a leading benchmark index constructed 

to provide a comprehensive barometer for the midcap segment of 

the U.S. stock market. As of March 30, 2007, the smallest and 

largest company included in the Index had market capitalizations 

of $1.17 billion and $21.87 billion, respectively, and the 

weighted average and median market capitalizations of the Index 

were $8.84 billion and $4.44 billion, respectively. The Index is 

reconstituted annually to insure that larger stocks do not distort 

the characteristics of the Index.