Fund Description

The fund was incepted in December 1991 and is managed by Dreyfus Corporation. The fund's main objective is to seek long-term capital growth, current income and growth of income consistent with reasonable investment risk. To pursue these goals, the fund invests primarily in stocks of domestic and foreign issuers. The fund's stock investments may include common stocks, preferred stocks and convertible securities, including those issued in initial public offerings. The fund focuses on low and moderately priced stocks with market capitalizations of $1 billion or more at the time of purchase. Dividends, if any, are distributed quarterly. Capital gains, if any, are distributed annually.