February 26, 2004

         DREYFUS PREMIER GROWTH AND INCOME FUND

      DREYFUS PREMIER BALANCED OPPORTUNITY FUND

                     DREYFUS PREMIER CORE EQUITY FUND

   THE DREYFUS PREMIER THIRD CENTURY FUND, INC.

               DREYFUS PREMIER NEW LEADERS FUND, INC.

            DREYFUS PREMIER EMERGING MARKETS FUND

                        Supplement to Current Statement of

                           Additional Information

                  Effective March 1, 2004, the following information

supersedes and replaces the information contained in the

second paragraph in the section of the Fund’s Statement of

Additional Information entitled “Shareholder Services –

Automatic Withdrawal Plan”:

                  No CDSC with respect to Class B or Class C shares will be

imposed on withdrawals made under the Automatic Withdrawal

Plan, provided that any amount withdrawn under the plan does not

exceed on an annual basis 12% of the greater of (1) the account

value at the time of the first withdrawal under the Automatic

Withdrawal Plan, or (2) the account value at the time of the

subsequent withdrawal. Withdrawals with respect to Class B or

Class C shares under the Automatic Withdrawal Plan that exceed

such amounts will be subject to a CDSC. Withdrawals of Class A

and Class T shares subject to a CDSC under the Automatic

Withdrawal Plan will be subject to any applicable CDSC.

Purchases of additional Class A and Class T shares where the sales

load is imposed concurrently with withdrawals of Class A and

Class T shares generally are undesirable.

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