Dreyfus Core Equity Fund (Prospectus Summary) | Dreyfus Core Equity Fund

Fund Summary

Investment Objective

The fund seeks long-term 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 8 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 Core Equity Fund	Class A	Class B	Class C	Class I
Maximum sales charge (load) imposed on purchases (as a percentage of offering price)	5.75%	none	none	none
Maximum deferred sales charge (load) (as a percentage of lower of purchase or sale price)	none	4.00%	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 Core Equity Fund		Class A	Class B	Class C	Class I
Management fees		1.10%	1.10%	1.10%	1.10%
Distribution and/or Service (Rule 12b-1) fees		0.25%	1.00%	1.00%	none
Other expenses		0.01%	0.01%	0.01%	0.01%
Total annual fund operating expenses		1.36%	2.11%	2.11%	1.11%
Fee waiver and/or expense reimbursement	[1]	(0.01%)	(0.01%)	(0.01%)	(0.01%)
Total annual fund operating expenses (after fee waiver and/or expense reimbursement)		1.35%	2.10%	2.10%	1.10%

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 Core Equity 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	705	978	1,272	2,105
Class B	613	958	1,329	2,064
Class C	313	658	1,129	2,431
Class I	112	350	606	1,340

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

Expense Example, No Redemption Dreyfus Core Equity 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	705	978	1,272	2,105
Class B	213	658	1,129	2,064
Class C	213	658	1,129	2,431
Class I	112	350	606	1,340

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 4.08%

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 common stock. The fund focuses

on "blue chip" companies with market capitalizations exceeding $5 billion at the

time of purchase, including multinational companies.



In choosing stocks, the fund first identifies economic sectors that it believes

will expand over the next three to five years or longer. Using fundamental

analysis, the fund then seeks companies within these sectors that have dominant

positions in their industries and that have demonstrated sustained patterns of

profitability, strong balance sheets, an expanding global presence and the

potential to achieve predictable, above-average earnings growth. The fund is

also alert to companies which it considers undervalued in terms of current

earnings, assets or growth prospects.



The fund employs a "buy-and-hold" investment strategy, which generally has

resulted in an annual portfolio turnover of below 15%. The fund typically sells

a stock when it believes there is a significant adverse change in a company's

business fundamentals that may lead to a sustained impairment in earnings power.

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 Blue chip risk. By focusing on large capitalization, high quality stocks, the

fund may underperform funds that invest in the stocks of lower quality, smaller

capitalization companies during periods when the stocks of such companies are in

favor.



o Foreign investment risk. Special risks associated with investments in foreign

companies include exposure to currency fluctuations, less liquidity, less

developed or less efficient trading markets, lack of comprehensive company

information, political instability and differing auditing and legal standards.



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.

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

Q03, 2009: 13.37%

Worst Quarter

Q4, 2008: -18.64%



The year-to-date total return of the fund's Class A shares as of 9/30/11 was

-4.41%.

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.



For the fund's Class B, C and I shares, periods prior to 4/15/02 reflect the

performance of the fund's Class A shares adjusted to reflect each share class'

applicable sales charge. Such performance figures have not been adjusted,

however, to reflect applicable class fees and expenses; if such fees and

expenses had been reflected, the performance shown for Class B and C shares for

such periods may have been lower.

Average Annual Total Returns (as of 12/31/10) Class (Inception Date)

Average Annual Total Returns Dreyfus Core Equity Fund	Average Annual Returns, Label	Average Annual Returns, 1 Year	Average Annual Returns, 5 Years	Average Annual Returns, 10 Years		Average Annual Returns, Inception Date
Class A	Class A returns before taxes	8.47%	2.04%	0.30%		Sep. 30, 1998
Class A After Taxes on Distributions	Class A returns after taxes on distributions	8.28%	1.81%	0.13%		Sep. 30, 1998
Class A After Taxes on Distributions and Sales	Class A returns after taxes on distributions and sale of fund shares	5.75%	1.72%	0.23%		Sep. 30, 1998
Class B	Class B returns before taxes	10.25%	2.11%	0.54%	[1]	Apr. 15, 2002
Class C	Class C returns before taxes	13.28%	2.50%	0.24%		Apr. 15, 2002
Class I	Class I returns before taxes	15.39%	3.53%	1.29%		Apr. 15, 2002
S&P 500 ® Index	S&P 500® Index reflects no deduction for fees, expenses or taxes	15.08%	2.29%	1.42%

[1] The Dreyfus Corporation has agreed to pay all of the fund's expenses, except management fees, Rule 12b-1 fees, and certain other expenses, including the fees and expenses of the non-interested board members and their counsel. The Dreyfus Corporation has agreed to reduce its fees in an amount equal to the fund's allocable portion of the fees and expenses of the non-interested board members and their counsel (in the amount of .01% for the past fiscal year).

[1] Assumes conversion of Class B shares to Class A shares at the end of sixth year following the date of purchase.