Treasury Extends Temporary Guarantee For Money Market Funds

All Dreyfus Money Market Funds Have Extended Insurance Coverage UnderOn November 24, 2008, The U.S. Treasury Department announced anextension of Treasury's Temporary Guarantee Program for Money MarketFunds until April 30, 2009 to support ongoing stability in thismarket. On September 29,

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All Dreyfus Money Market Funds Have Extended Insurance Coverage UnderOn November 24, 2008, The U.S. Treasury Department announced anextension of Treasury’s Temporary Guarantee Program for Money MarketFunds until April 30, 2009 to support ongoing stability in thismarket.

On September 29, 2008, the U.S. Treasury announced that it hadestablished its Temporary Guarantee Program for Money Market Funds.Dreyfus fulfilled the requirements for obtaining insurance under theTreasury Guarantee Program for all Dreyfus and BNY Mellon money marketfund portfolios, and each Fund currently is covered under the programuntil April 30, 2009.

For Dreyfus Fund shareholders, the Treasury’s Temporary GuaranteeProgram continues to provide a guarantee to shareholder accounts inparticipating Dreyfus money market funds based on the number of sharesheld in such accounts as of the close of business on September 19,2008. Any increase in the number of shares held in an account afterthe close of business on September 19, 2008 is not guaranteed. If thenumber of shares held in an account fluctuates over the period, evento “zero,” investors will be covered for the number of shares held asof the close of business on September 19, 2008 or the current amount,whichever is less.

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