-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001056707-01-500009.txt : 20020410
<SEC-HEADER>0001056707-01-500009.hdr.sgml : 20020410
ACCESSION NUMBER:		0001056707-01-500009
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20011113

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS INVESTMENT PORTFOLIOS
		CENTRAL INDEX KEY:			0001056707
		STANDARD INDUSTRIAL CLASSIFICATION:	 []
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-47011
		FILM NUMBER:		1784716

	BUSINESS ADDRESS:	
		STREET 1:		C/O THE DREYFUS CORPORATION
		STREET 2:		200 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
		BUSINESS PHONE:		2129226789

	MAIL ADDRESS:	
		STREET 1:		C/O THE DREYFUS CORPORATION
		STREET 2:		200 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10166
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>sticker176.txt
<DESCRIPTION>SUPPLEMENT TO PROSPECTUS
<TEXT>
                                                             November 13, 2001

                        DREYFUS INVESTMENT PORTFOLIOS
                         -- FOUNDERS GROWTH PORTFOLIO

                           Supplement to Prospectus

                              Dated May 1, 2001

Effective November 12, 2001, John B. Jares has been appointed primary portfolio
manager of Dreyfus Investment Portfolios - Founders Growth Portfolio (the
"Portfolio"). Accordingly, the section of the Portfolio's Prospectus entitled
"Management" is amended by adding the following:

"John B. Jares is the portfolio's primary portfolio manager. Mr. Jares, a
chartered financial analyst, joined Founders in November 2001 where he is a vice
president of investments. Prior to joining Founders, Mr. Jares was formerly a
vice president and senior portfolio manager at Delaware Investments from May
2000 to November 2001 and a vice president and portfolio manager at Berger LLC
from May 1997 to February 2000. Mr. Jares was previously employed at Founders
from February 1994 to May 1997 and held positions initially as a research
analyst for large-cap equity securities and subsequently as a co-portfolio
manager."

The paragraph concerning Thomas M. Arrington and Scott A. Chapman in this
section is deleted, since they are no longer associated with Founders.

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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