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

   <NUMBER> 006
   <NAME> EUROPEAN EQUITY PORTFOLIO
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                            18260
<INVESTMENTS-AT-VALUE>                           18787
<RECEIVABLES>                                      208
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<OVERDISTRIBUTION-NII>                               0
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<OVERDISTRIBUTION-GAINS>                             0
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<INTEREST-INCOME>                                   33
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      92
<NET-INVESTMENT-INCOME>                             90
<REALIZED-GAINS-CURRENT>                           227
<APPREC-INCREASE-CURRENT>                        (116)
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<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                         (460)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           3179
<NUMBER-OF-SHARES-REDEEMED>                     (2367)
<SHARES-REINVESTED>                                 27
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<ACCUMULATED-NII-PRIOR>                            (5)
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<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                            15.96
<PER-SHARE-NII>                                    .11
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<PER-SHARE-DIVIDEND>                               .00
<PER-SHARE-DISTRIBUTIONS>                        (.51)
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<EXPENSE-RATIO>                                   .007