Money Market Portfolio (Prospectus Summary) | Money Market Portfolio

Fund Summary

Investment Objective

The fund seeks as high a level of current income as is consistent
with the preservation of capital and the maintenance of liquidity.

Fees and Expenses

This table describes the fees and expenses that you may pay if you buy and hold
shares of the fund. These figures do not reflect any fees or charges imposed by
participating insurance companies under their Variable Annuity contracts (VA
contracts) or Variable Life Insurance policies (VLI policies).

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

Annual Fund Operating Expenses	Money Market Portfolio
Management fees	0.50%
Other expenses	0.10%
Total annual fund operating expenses	0.60%

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. The Example does not reflect fees and expenses incurred under
VA contracts and VLI policies; if they were reflected, the figures in the
Example would be higher. 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
Money Market Portfolio	61	192	335	750

Principal Investment Strategy

As a money market fund, the fund is subject to maturity, liquidity, quality and
diversification requirements of Rule 2a-7 under the Investment Company Act
of 1940, as amended, which are designed to help money market funds
maintain a stable share price of $1.00.

To pursue its goal, the fund invests in a diversified portfolio of high quality,
short-term dollar-denominated debt securities, including securities issued or
guaranteed as to principal and interest by the U.S. government or its agencies
or instrumentalities, certificates of deposit, time deposits, bankers' acceptances
and other short-term securities issued by domestic or foreign banks or thrifts or
their subsidiaries or branches, repurchase agreements, including tri-party
repurchase agreements, asset-backed securities, domestic and foreign
commercial paper and other short-term corporate obligations, and obligations
issued or guaranteed by one or more foreign governments or any of their
political subdivisions or agencies.

Normally, the fund invests at least 25% of its net assets in domestic or
dollar-denominated foreign bank obligations.

Principal Risks

An investment in the fund is not a bank deposit. It is not insured or guaranteed
by the FDIC or any other government agency. Although the fund seeks to
preserve the value of your investment at $1.00 per share, it is possible to lose
money by investing in the fund.

The fund's yield will fluctuate as the short-term securities in its portfolio
mature and the proceeds are reinvested in securities with different interest
rates. Additionally, while the fund has maintained a constant share price since
inception, and will continue to try to do so, neither The Dreyfus Corporation
nor its affiliates are required to make a capital infusion, enter into a capital
support agreement or take other actions to prevent the fund's share price from
falling below $1.00. The following are the principal risks that could reduce the
fund's income level and/or share price:

o Interest rate risk. This risk refers to the decline in the prices of fixed-income
securities that may accompany a rise in the overall level of interest rates. The
fund's yield will vary; it is not fixed for a specific period like the yield on a bank
certificate of deposit. A sharp and unexpected rise in interest rates could cause
a money market fund's share price to drop below a dollar. However, the extremely
short maturities of the securities held in money market portfolios - a means of
achieving an overall fund objective of principal safety - reduces their potential for
price fluctuation.

o Credit risk. Failure of an issuer to make timely interest or principal payments,
or a decline or perception of a decline in the credit quality of a security, can
cause the security's price to fall, potentially lowering the fund's share price.
Although the fund invests only in high-quality debt securities, any of the fund's
holdings could have its credit rating downgraded or could default. The credit
quality of the securities held by the fund can change rapidly in certain market
environments, and the default of a single holding could have the potential to
cause significant deterioration of the fund's net asset value.

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 may fall
dramatically, potentially lowering the fund's share price, even during periods of
declining interest rates. Also, during such periods, redemptions by a few large
investors in the fund may have a significant adverse effect on the fund's net
asset value and remaining fund shareholders.

o Banking industry risk. The risks generally associated with concentrating
investments in the banking industry, such as interest rate risk, credit risk,
and regulatory developments relating to the banking industry.

o Foreign investment risk. The risks generally associated with
dollar-denominated foreign investments, such as economic and political
developments, seizure or nationalization of deposits, imposition of taxes or
other restrictions on payment of principal and interest.

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. 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.
In addition, because many types of U.S. government securities trade actively
outside the United States, their prices may rise and fall as changes in global
economic conditions affect the demand for these securities.

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 shows the fund's average annual total returns
over time. The fund's past performance is no guarantee of future results. More
recent performance information may be available at www.dreyfus.com. For the
fund's current yield, call toll-free 1-800-346-3621.

Performance information reflects the fund's expenses only and does not reflect
the fees and charges imposed by participating insurance companies under their VA
contracts or VLI policies. Because these fees and charges will reduce total return,
policyowners should consider them when evaluating  and comparing the fund's
performance. Policyowners should consult the prospectus for their contract or policy
for more information.

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             
Q2, 2007: 1.21%          
Worst Quarter            
Q4, 2011: 0.00%

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

Average Annual Total Returns	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years
Money Market Portfolio	0.01%	1.49%	1.76%