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

   <NUMBER> 009
   <NAME> EMERGING LEADERS PORTFOLIO
<MULTIPLIER> 1000

                             
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               JUN-30-2000
<INVESTMENTS-AT-COST>                             2413
<INVESTMENTS-AT-VALUE>                            2864
<RECEIVABLES>                                       69
<ASSETS-OTHER>                                       1
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                    2934
<PAYABLE-FOR-SECURITIES>                            96
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                           13
<TOTAL-LIABILITIES>                                109
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                          2309
<SHARES-COMMON-STOCK>                              181
<SHARES-COMMON-PRIOR>                              160
<ACCUMULATED-NII-CURRENT>                          (7)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                             72
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                           451
<NET-ASSETS>                                      2825
<DIVIDEND-INCOME>                                    7
<INTEREST-INCOME>                                    4
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                      18
<NET-INVESTMENT-INCOME>                            (7)
<REALIZED-GAINS-CURRENT>                            75
<APPREC-INCREASE-CURRENT>                          298
<NET-CHANGE-FROM-OPS>                              366
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          (1)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             21
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                             675
<ACCUMULATED-NII-PRIOR>                              1
<ACCUMULATED-GAINS-PRIOR>                          (4)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                               11
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                     33
<AVERAGE-NET-ASSETS>                              2398
<PER-SHARE-NAV-BEGIN>                            13.44
<PER-SHARE-NII>                                  (.04)
<PER-SHARE-GAIN-APPREC>                           2.19
<PER-SHARE-DIVIDEND>                             (.01)
<PER-SHARE-DISTRIBUTIONS>                          .00
<RETURNS-OF-CAPITAL>                               .00
<PER-SHARE-NAV-END>                              15.58
<EXPENSE-RATIO>                                   .008