<ARTICLE> 6
<CIK> 0001056707
<NAME> DREYFUS INVESTMENT PORTFOLIOS

   <NUMBER> 001
   <NAME> CORE VALUE PORTFOLIO
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                            18388
<INVESTMENTS-AT-VALUE>                           18947
<RECEIVABLES>                                      122
<ASSETS-OTHER>                                      40
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                   19109
<PAYABLE-FOR-SECURITIES>                           554
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           36
<TOTAL-LIABILITIES>                                590
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                         17571
<SHARES-COMMON-STOCK>                             1336
<SHARES-COMMON-PRIOR>                             1099
<ACCUMULATED-NII-CURRENT>                           66
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                            323
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           559
<NET-ASSETS>                                     18519
<DIVIDEND-INCOME>                                  130
<INTEREST-INCOME>                                   17
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      81
<NET-INVESTMENT-INCOME>                             66
<REALIZED-GAINS-CURRENT>                           412
<APPREC-INCREASE-CURRENT>                        (591)
<NET-CHANGE-FROM-OPS>                            (113)
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (65)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                            348
<NUMBER-OF-SHARES-REDEEMED>                      (116)
<SHARES-REINVESTED>                                  5
<NET-CHANGE-IN-ASSETS>                            3176
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                         (24)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               61
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     94
<AVERAGE-NET-ASSETS>                             16252
<PER-SHARE-NAV-BEGIN>                            13.97
<PER-SHARE-NII>                                    .06
<PER-SHARE-GAIN-APPREC>                          (.11)
<PER-SHARE-DIVIDEND>                               .00
<PER-SHARE-DISTRIBUTIONS>                        (.06)
<RETURNS-OF-CAPITAL>                               .00
<PER-SHARE-NAV-END>                              13.86
<EXPENSE-RATIO>                                   .005