Dreyfus Select Managers Small Cap Value Fund (Prospectus Summary) | Dreyfus Select Managers Small Cap Value Fund

Fund Summary

Investment Objective

The fund seeks capital appreciation.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold
shares of the fund. You may qualify for sales charge discounts if you and your
family invest, or agree to invest in the future, at least $50,000 in certain
funds in the Dreyfus Family of Funds. More information about these and other
discounts is available from your financial professional and in the Shareholder
Guide section on page 11 of the Prospectus and in the How to Buy Shares section
and the Additional Information About How to Buy Shares section on page II-1 and
page III-1, respectively, of the fund's Statement of Additional Information.
Class A shares bought without an initial sales charge as part of an investment
of $1 million or more may be charged a deferred sales charge of 1.00% if
redeemed within one year.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees Dreyfus Select Managers Small Cap Value Fund	Class A	Class C	Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%	none	none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price)	none	1.00%	none

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses Dreyfus Select Managers Small Cap Value Fund		Class A	Class C	Class I
Management fees		0.90%	0.90%	0.90%
Distribution (Rule 12b-1) fees		none	0.75%	none
Other expenses (including shareholder services fees)		0.39%	0.38%	0.09%
Total annual fund operating expenses	[1]	1.29%	2.03%	0.99%

Example

The Example is intended to help you compare the cost of investing in the fund
with the cost of investing in other mutual funds. The Example assumes that you
invest $10,000 in the fund for the time periods indicated and then redeem all of
your shares at the end of those periods. The Example also assumes that your
investment has a 5% return each year and that the fund's operating expenses
remain the same. Although your actual costs may be higher or lower, based on
these assumptions your costs would be:

Expense Example Dreyfus Select Managers Small Cap Value Fund (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years	Expense Example, With Redemption, 5 Years	Expense Example, With Redemption, 10 Years
Class A	699	960	1,242	2,042
Class C	306	637	1,093	2,358
Class I	101	315	547	1,213

You would pay the following expenses if you did not redeem your shares:

Expense Example, No Redemption Dreyfus Select Managers Small Cap Value Fund (USD $)	Expense Example, No Redemption, 1 Year	Expense Example, No Redemption, 3 Years	Expense Example, No Redemption, 5 Years	Expense Example, No Redemption, 10 Years
Class A	699	960	1,242	2,042
Class C	206	637	1,093	2,358
Class I	101	315	547	1,213

Portfolio Turnover

The fund pays transaction costs, such as commissions, when it buys and sells
securities (or "turns over" its portfolio). A higher portfolio turnover may
indicate higher transaction costs and may result in higher taxes when fund
shares are held in a taxable account. These costs, which are not reflected in
annual fund operating expenses or in the example, affect the fund's performance.
During the most recent fiscal year, the fund's portfolio turnover rate was
67.49% of the average value of its portfolio.

Principal Investment Strategy

To pursue its goal, the fund normally invests at least 80% of its net assets,
plus any borrowings for investment purposes, in the stocks of small cap
companies. The fund currently considers small cap companies to be those
companies with market capitalizations that fall within the range of companies in
the Russell 2000®Value Index at the time of purchase. Because the fund may
continue to hold a security whose market capitalization increases or decreases,
a substantial portion of the fund's holdings can have market capitalizations
outside the range of the Russell 2000® Value Index at any given time. The fund
may invest up to 15% of its assets in foreign securities.

The fund uses a "multi-manager" approach by selecting one or more subadvisers to
manage the fund's assets. The fund may hire, terminate or replace subadvisers
and modify material terms and conditions of subadvisory arrangements without
shareholder approval. The fund's assets are currently allocated among five
subadvisers, each of which acts independently of the others and uses its own
methodology to select portfolio investments.

Principal Risks

An investment in the fund is not a bank deposit. It is not insured or guaranteed
by the Federal Deposit Insurance Corporation (FDIC) or any other government
agency. It is not a complete investment program. The fund's share price
fluctuates, sometimes dramatically, which means you could lose money.

o Risks of stock investing. Stocks generally fluctuate more in value than bonds
and may decline significantly over short time periods. There is the chance that
stock prices overall will decline because stock markets tend to move in cycles,
with periods of rising prices and falling prices. The market value of a stock
may decline due to general weakness in the stock market or because of factors
that affect the company or its particular industry.

o Small and midsize company risk. Small and midsize companies carry additional
risks because the operating histories of these companies tend to be more
limited, their earnings and revenues less predictable (and some companies may be
experiencing significant losses), and their share prices more volatile than
those of larger, more established companies. The shares of smaller companies
tend to trade less frequently than those of larger, more established companies,
which can adversely affect the pricing of these securities and the fund's
ability to sell these securities.

o Value stock risk. Value stocks involve the risk that they may never reach
their expected full market value, either because the market fails to recognize
the stock's intrinsic worth or the expected value was misgauged. They also may
decline in price even though in theory they are already undervalued.

o Market sector risk. The fund may significantly overweight or underweight
certain companies, industries or market sectors, which may cause the fund's
performance to be more or less sensitive to developments affecting those
companies, industries or sectors.

o Liquidity risk. When there is little or no active trading market for specific
types of securities, it can become more difficult to sell the securities at or
near their perceived value. In such a market, the value of such securities and
the fund's share price may fall dramatically. Investments in foreign securities
may have greater exposure to liquidity risk than domestic securities.

o Foreign investment risk. Investments in foreign securities carry additional
risks, including exposure to currency fluctuations, less liquidity, less
developed or efficient trading markets, lack of comprehensive company
information, political and economic instability and differing auditing and legal
standards.

o Multi-manager risk. Each subadviser makes investment decisions independently,
and it is possible that the investment styles of the subadvisers may not
complement one another. As a result, the fund's exposure to a given stock,
industry or investment style could unintentionally be greater or smaller than it
would have been if the fund had a single adviser. In addition, if one subadviser
buys a security during a time frame when another subadviser sells it, the fund
will incur transaction costs and the fund's net position in the security may be
approximately the same as it would have been with a single adviser and no such
sale and purchase.

o Allocation risk. There can be no assurance that the allocation of the fund's
assets among the subadvisers will be effective in achieving the fund's
investment goal.

o Non-diversification risk. The fund is non-diversified, which means that the
fund may invest a relatively high percentage of its assets in a limited number
of issuers. Therefore, the fund's performance may be more vulnerable to changes
in the market value of a single issuer or group of issuers and more susceptible
to risks associated with a single economic, political or regulatory occurrence
than a diversified fund.

Performance

The following bar chart and table provide some indication of the risks of investing
in the fund The table compares the average annual total returns of the fund's
shares to those of a broad measure of market performance. The fund's past performance
(before and after taxes) is no guarantee of future results.  More recent performance
information may be available at www.dreyfus.com.

The bar chart shows changes in the performance of the fund's Class A shares from year
to year. Sales charges, if any, are not reflected in the bar chart, and if those charges
were included, returns would have been less than those shown.

Year-by-Year Total Returns as of 12/31 each year (%) -- Class A

Best Quarter              
Q3, 2009: 21.03%          
Worst Quarter             
Q3, 2011: -22.22%

After-tax performance is shown only for Class A shares. After-tax performance of
the fund's other share classes will vary. After-tax returns are calculated using
the historical highest individual federal marginal tax rates, and do not reflect
the impact of state and local taxes. Actual after-tax returns depend on the
investor's tax situation and may differ from those shown, and the after-tax
returns shown are not relevant to investors who hold their shares through
tax-deferred arrangements such as 401(k) plans or individual retirement
accounts.

Average Annual Total Returns (as of 12/31/11)

Average Annual Total Returns Dreyfus Select Managers Small Cap Value Fund	Average Annual Returns, Label		Average Annual Returns, 1 Year	Average Annual Returns, Since Inception	Average Annual Returns, Inception Date
Class A	Class A returns before taxes		(10.83%)	14.46%	Dec. 17, 2008
Class A After Taxes on Distributions	Class A returns after taxes on distributions		(12.21%)	13.31%	Dec. 17, 2008
Class A After Taxes on Distributions and Sales	Class A returns after taxes on distributions and sale of fund shares		(5.74%)	12.19%	Dec. 17, 2008
Class C	Class C returns before taxes		(6.88%)	15.85%	Dec. 17, 2008
Class I	Class I returns before taxes		(4.94%)	17.06%	Dec. 17, 2008
Russell 2000® Value Index	Russell 2000® Value Index reflects no deduction for fees, expenses or taxes	[1]	(5.50%)	12.36%	Dec. 17, 2008

[1] The Dreyfus Corporation has contractually agreed, until at least April 1, 2013, to waive receipt of its fees and/or assume the expenses of the fund so that the expenses of none of the classes (excluding Rule 12b-1 fees, shareholder services fees, taxes, interest, brokerage commissions, commitment fees and extraordinary expenses) exceed 1.15%. On or after April 1, 2013, The Dreyfus Corporation may terminate the expense limitation at any time.

[1] For comparative purposes, the value of the Index on 12/31/08 is used as the beginning value on 12/17/08.