DREYFUS US TREASURY LONG TERM FUND (Prospectus Summary) | DREYFUS US TREASURY LONG TERM FUND

Fund Summary

Investment Objective

The fund seeks to maximize total return, consisting of capital appreciation and
current income.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold
shares of the fund.

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

Annual Fund Operating Expenses		DREYFUS US TREASURY LONG TERM FUND
Management fees	[1]	0.30%
Other expenses (including shareholder services fees)		0.46%
Total annual fund operating expenses	[1]	0.76%

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 (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
DREYFUS US TREASURY LONG TERM FUND	78	243	422	942

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 90.58% of the average value of its portfolio.

Principal Investment Strategy

To pursue its goal, the fund invests at least 80% of its net assets, plus any
borrowings for investment purposes, in U.S. Treasury securities. The fund also
may invest in other securities issued or guaranteed by the U.S. government or
its agencies or instrumentalities (including inflation-indexed bonds), and may
enter into repurchase agreements. Although the fund may invest in or have
investment exposure to individual bonds of any remaining maturity, under normal
market conditions, the fund maintains an effective duration of 7.5 years or
more, and a dollar-weighted average portfolio maturity of 10 years or more.

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 Interest rate risk. Prices of bonds tend to move inversely with changes in
interest rates. Typically, a rise in rates will adversely affect bond prices
and, accordingly, the fund's share price. The longer the effective maturity and
duration of the fund's portfolio, the more the fund's share price is likely to
react to interest rates.
  
o Inflation-indexed security risk. Interest payments on inflation-indexed
securities can be unpredictable and will vary as the principal and/or interest
is periodically adjusted based on the rate of inflation. If the index measuring
inflation falls, the interest payable on these securities will be reduced. The
U.S. Treasury has guaranteed that in the event of a drop in prices, it would
repay the par amount of its inflation-indexed securities. Inflation-indexed
securities issued by corporations generally do not guarantee repayment of
principal. Any increase in the principal amount of an inflation-indexed security
will be considered taxable ordinary income, even though investors do not receive
their principal until maturity. As a result, the fund may be required to make
annual distributions to shareholders that exceed the cash the fund received,
which may cause the fund to liquidate certain investments when it is not
advantageous to do so. Also, if the principal value of an inflation-indexed
security is adjusted downward due to deflation, amounts previously distributed
may be characterized in some circumstances as a return of capital.

o U.S. Treasury securities risk. A security backed by the U.S. Treasury or the
full faith and credit of the United States is guaranteed only as to the timely
payment of interest and principal when held to maturity, but the market prices
for such securities are not guaranteed and will fluctuate.

o Government securities risk. Not all obligations of the U.S. government, its
agencies and instrumentalities are backed by the full faith and credit of the
U.S. Treasury. Some obligations are backed only by the credit of the issuing
agency or instrumentality, and in some cases there may be some risk of default
by the issuer. Any guarantee by the U.S. government or its agencies or
instrumentalities of a security held by the fund does not apply to the market
value of such security or to shares of the fund itself.

o Repurchase agreement counterparty risk. The risk that a counterparty in a
repurchase agreement could fail to honor the terms of its agreement.

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 shares from year
to year.

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

Best Quarter
Q3, 2011: 23.81%
Worst Quarter
Q4, 2010: -8.43%

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	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years
DREYFUS US TREASURY LONG TERM FUND	Fund returns before taxes	29.32%	10.42%	7.82%
DREYFUS US TREASURY LONG TERM FUND After Taxes on Distributions	Fund returns after taxes on distributions	26.82%	8.65%	6.12%
DREYFUS US TREASURY LONG TERM FUND After Taxes on Distributions and Sales	Fund returns after taxes on distributions and sale of fund shares	19.30%	7.94%	5.74%
DREYFUS US TREASURY LONG TERM FUND BofA Merrill Lynch Governments, U.S. Treasury Long Term Index	BofA Merrill Lynch Governments, U.S. Treasury Long Term Index reflects no deduction for fees, expenses or taxes	29.06%	10.90%	8.89%

[1] Management fees and Total annual fund operating expenses have been restated to reflect a new Management Agreement with The Dreyfus Corporation, effective July 1, 2012, which provides for a reduced management fee payable by the fund of 0.30%. All of the services provided under the prior Management Agreement remain unchanged.