Fund Description

Incepted in March 1987, this fund is managed by Dreyfus Corporation. The objective of this fund is to seek high level of current income as is consistent with preservation of capital. The fund invests primarily in U.S. Treasury securities. The fund also invests in other securities issued or guaranteed by the U.S. government or its agencies or instrumentalities, repurchase agreements, options and futures. Under normal market conditions, the fund maintains an effective duration of 7.5 years or more and a dollar-weighted average maturity of ten years or more. The fund offers dividends every month and capital gains annually.