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Dreyfus Conservative Allocation Fund
Dreyfus Conservative Allocation Fund

March 3, 2014


DREYFUS ALLOCATION FUNDS


DREYFUS CONSERVATIVE ALLOCATION FUND


Supplement to Summary and Statutory Prospectuses dated


January 1, 2014

The following supplements the information contained in the funds' summary prospectus under the section entitled "Principal Investment Strategy - Equity Investments - Emerging Markets" and "Fund Summary - Principal Investment Strategy - Equity Investments - Emerging Markets" in the statutory prospectus and "Fund Details - Goal and Approach- Equity Investments - Emerging Markets" in the statutory prospectus:

Dreyfus Global Emerging Markets Fund