497 1 proxystkr.txt PROXY STICKER December 19, 2002 DREYFUS FIXED INCOME SECURITIES DREYFUS INSTITUTIONAL CASH ADVANTAGE FUNDS DREYFUS INSTITUTIONAL PREFERRED MONEY MARKET FUNDS DREYFUS INVESTMENT PORTFOLIOS DREYFUS PREMIER OPPORTUNITY FUNDS Supplement to Current Statement of Additional Information At a special meeting of shareholders held on December 18, 2002, shareholders elected David W. Burke, Whitney I. Gerard, Arthur A. Hartman, and George L. Perry as additional Board members of the investment companies listed above to commence serving on January 1, 2003. Accordingly, the following information supplements the information contained in the Statement of Additional Information with respect to Board members.
Principal Occupation Name (Age)* During Past 5 Years Other Board Memberships and Affiliations _________________________ _________________________ _________________________________________ David W. Burke (66) Corporate Director and Trustee John F. Kennedy Library Foundation, DIRECTOR U.S.S. Constitution Museum, DIRECTOR Board member of 59 funds in the Dreyfus Family of Funds Whitney I. Gerard (68) Partner of Chadbourne & Parke Board member of 16 funds in the Dreyfus LLP Family of Funds Arthur A. Hartman (76) Chairman of First NIS Regional APCO Associates, Inc., SENIOR CONSULTANT Fund (ING/Barings Board member of 16 funds in the Dreyfus Management) and New Russia Family of Funds Fund Advisory Council Member to Barings Vostok George L. Perry (68) Economist and Senior Fellow at State Farm Mutual Automobile Association, Brookings Institution DIRECTOR State Farm Life Insurance Company, DIRECTOR Board member of 16 funds in the Dreyfus Family of Funds __________________________ * None of the persons elected to serve as Board members are "interested persons" of the investment company as defined in the 1940 Act.