AGREEMENT REGARDING

DREYFUS JOINT INSURED BOND

     AGREEMENT among The Dreyfus Fund Incorporated and certain other investment companies as to which The Dreyfus Corporation or any affiliate (“Dreyfus”) now acts as Investment Adviser, Sub-Investment Adviser and/or Administrator (individually, a “Fund” and, collectively, the “Funds”) and which are registered under the Investment Company Act of 1940, as amended (the “Act”).

WITNESSETH:

     WHEREAS, the Funds are covered as joint insureds under a Fidelity Bond or Bonds (the “Bond”) which complies with Rule 17g-1 promulgated by the Securities and Exchange Commission under the Act (“Rule 17g-1”); and

     WHEREAS, the Funds have entered into this Agreement to meet the requirements of paragraph (f) of Rule 17g-1;

NOW THEREFORE IT IS HEREBY AGREED:

     1. In the event that recovery is received under the Bond as a result of a loss sustained by two or more of the Funds, each Fund shall receive an equitable and proportionate share of said recovery, but said recovery shall at least equal the amount that each such Fund would have received had the Fund provided and maintained a single insured bond with the minimum coverage required by paragraph (d)(1) of Rule 17g-1.

     2. The Funds acknowledge and agree that, upon approval by the Funds’ respective Boards of Directors/Trustees, the amount of the Bond or the carriers issuing the Bond may be changed from time to time, and that any such change shall not affect the rights and obligations of the Funds under this Agreement.

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

     3. Each Fund shall be responsible for paying its pro-rata share, based on the ratio of its assets to the assets of all of the Funds, of the premium payable in respect of the Bond. The Funds acknowledge and agree that any new Fund added to the Bond or as a party to this Agreement will not be responsible for the foregoing amount incurred prior to the first Bond renewal following the addition of such Fund.

     4. The Funds agree that any registered investment company for which Dreyfus in the future becomes the Investment Advisor, Sub-Investment Advisor and/or Administrator added as a joint insured under the Bond may become a party to this Agreement upon the execution of a copy of this Agreement by its duly authorized officer and shall thereafter be deemed a “Fund” hereunder.

     5. This Agreement shall cease to apply to any Fund in respect of any loss that occurs after such Fund (i) ceases to be an investment company by order of the Securities and Exchange Commission pursuant to Section 8(f) of the Act, or (ii) ceases to be advised, sub-advised and/or administered by Dreyfus, and such Fund shall, at and after such time, cease to be a party to this Agreement for all purposes.

     6. This Agreement shall be binding upon and shall inure to the benefit of any successor company of any of the undersigned, or any company into which any of the undersigned may be merged or with which it may be consolidated.

     7. As to each Fund that is organized as a trust, this Agreement has been executed on behalf of the Fund by the undersigned officer of the Fund in his capacity as an officer of the Fund; the obligations of this Agreement shall only be binding upon the assets and property of the Fund and shall not be binding upon any Board member, officer or shareholder of the Fund individually.

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

    IN WITNESS WHEREOF, the Funds have caused this Agreement to be executed by their respective officers, thereunto duly authorized as of the day and year written below.

Dated as of January 31, 2008

/s/ Joni Lacks Charatan

Joni Lacks Charatan

Vice President of:

Advantage Funds, Inc.

Dreyfus Emerging Leaders Fund

Dreyfus Midcap Value Fund

Dreyfus Small Company Value Fund

Dreyfus Premier Future Leaders Fund

Dreyfus Premier Global Absolute Return Fund

Dreyfus Premier International Value Fund

Dreyfus Premier Select Midcap Growth Fund

Dreyfus Premier Strategic Value Fund

Dreyfus Premier Structured Large Cap Value Fund

Dreyfus Premier Structured Midcap Fund

Dreyfus Premier Technology Growth Fund

Dreyfus Premier Total Return Advantage Fund

Global Alpha Fund

CitizensSelect Funds

CitizensSelect Prime Money Market Fund

CitizensSelect Treasury Money Market Fund

Dreyfus A Bonds Plus, Inc.

Dreyfus Appreciation Fund, Inc.

Dreyfus BASIC Money Market Fund, Inc.

Dreyfus BASIC U.S. Government Money Market Fund

Dreyfus BASIC U.S. Mortgage Securities Fund

Dreyfus Bond Funds, Inc.

Dreyfus Municipal Bond Fund

Dreyfus Premier High Income Fund

Dreyfus Cash Management

Dreyfus Cash Management Plus, Inc.

Dreyfus Connecticut Municipal Money Market Fund, Inc.

The Dreyfus Fund Incorporated

The Dreyfus Fund International Limited

Dreyfus Government Cash Management Funds

Dreyfus Government Cash Management

Dreyfus Government Prime Cash Management

Dreyfus Growth and Income Fund, Inc.

Dreyfus Growth Opportunity Fund, Inc.

Dreyfus High Yield Strategies Fund (closed-end fund)

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

Dreyfus Index Funds, Inc.

Dreyfus International Stock Index Fund

Dreyfus S&P 500 Index Fund

Dreyfus Smallcap Stock Index Fund

Dreyfus Institutional Money Market Fund

Government Securities Series

Money Market Series

Dreyfus Institutional Cash Advantage Funds

Dreyfus Institutional Cash Advantage Fund

Dreyfus Institutional Cash Advantage Plus Fund

Dreyfus Institutional Preferred Money Market Funds

Dreyfus Institutional Preferred Money Market Fund

Dreyfus Institutional Preferred Plus Money Market Fund

Dreyfus Intermediate Municipal Bond Fund, Inc.

Dreyfus International Funds, Inc.

Dreyfus Premier Emerging Markets Fund

Dreyfus Investment Grade Funds, Inc.

Dreyfus Inflation Adjusted Securities Fund

Dreyfus Intermediate Term Income Fund

Dreyfus Premier Short Term Income Fund

Dreyfus Premier Yield Advantage Fund

Dreyfus Investment Portfolios

Core Value Portfolio

MidCap Stock Portfolio

Small Cap Stock Index Portfolio

Technology Growth Portfolio

The Dreyfus/Laurel Funds, Inc.

Dreyfus AMT-Free Municipal Reserves

Dreyfus BASIC S&P 500 Stock Index Fund

Dreyfus Bond Market Index Fund

Dreyfus Disciplined Stock Fund

Dreyfus Money Market Reserves

Dreyfus Premier Balanced Fund

Dreyfus Premier Core Equity Fund

Dreyfus Premier Large Company Stock Fund

Dreyfus Premier Limited Term Income Fund

Dreyfus Premier Midcap Stock Fund

Dreyfus Premier Small Cap Value Fund

Dreyfus Premier Strategic Income Fund

Dreyfus Premier Tax Managed Growth Fund

Dreyfus U.S. Treasury Reserves

The Dreyfus/Laurel Funds Trust

Dreyfus Premier 130/30 Growth Fund

Dreyfus Premier Core Value Fund

Dreyfus Premier Equity Income Fund

Dreyfus Premier Global Equity Income Fund

Dreyfus Premier International Bond Fund

Dreyfus Premier Managed Income Fund

Dreyfus Premier Limited Term High Yield Fund

Dreyfus Tax Managed Balanced Fund

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

The Dreyfus/Laurel Tax-Free Municipal Funds

Dreyfus BASIC California Municipal Money Market Fund

Dreyfus BASIC Massachusetts Municipal Money Market Fund

Dreyfus BASIC New York Municipal Money Market Fund

Dreyfus LifeTime Portfolios, Inc.

Growth Portfolio

Growth & Income Portfolio

Income Portfolio

Dreyfus Liquid Assets, Inc.

Dreyfus Massachusetts Municipal Money Market Fund

Dreyfus Midcap Index Fund, Inc.

Dreyfus Money Market Instruments, Inc.

Government Securities Series

Money Market Series

Dreyfus Municipal Cash Management Plus

Dreyfus Municipal Funds, Inc.

Dreyfus BASIC Municipal Money Market Fund

Dreyfus BASIC New Jersey Municipal Money Market Fund

Dreyfus Premier AMT-Free Municipal Bond Fund

Dreyfus Premier High Yield Municipal Bond Fund

Dreyfus Municipal Income, Inc. (closed-end fund)

Dreyfus Municipal Money Market Fund, Inc.

Dreyfus New Jersey Municipal Money Market Fund, Inc.

Dreyfus New York Municipal Cash Management

Dreyfus New York Tax Exempt Bond Fund, Inc.

Dreyfus New York AMT-Free Municipal Money Market Fund

Dreyfus Pennsylvania Municipal Money Market Fund

Dreyfus Premier California AMT-Free Municipal Bond Fund, Inc.

Dreyfus Premier Equity Funds, Inc.

Dreyfus Premier Growth and Income Fund

Dreyfus Premier Fixed Income Funds

Dreyfus Premier Core Bond Fund

Dreyfus Premier GNMA Fund, Inc.

Dreyfus Premier International Funds, Inc.

Dreyfus Premier Diversified International Fund

Dreyfus Premier Emerging Asia Fund

Dreyfus Premier Greater China Fund

Dreyfus Premier International Growth Fund

Dreyfus Premier Manager Funds I

Bear Stearns Prime Money Market Fund

Dreyfus Premier Alpha Growth Fund

Dreyfus Premier Intrinsic Value Fund

Dreyfus Premier S&P STARS Fund

Dreyfus Premier S&P STARS Opportunities Fund

Dreyfus Premier Small Cap Equity Growth Fund

Dreyfus Premier Manager Funds II

Dreyfus Premier Balanced Opportunity Fund

Dreyfus Premier Municipal Bond Fund

Dreyfus Premier New Jersey Municipal Bond Fund, Inc.

Dreyfus Premier New York AMT-Free Municipal Bond Fund

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

Dreyfus Premier Opportunity Funds

Dreyfus Premier Enterprise Fund

Dreyfus Premier Health Care Fund

Dreyfus Premier Natural Resources Fund

Dreyfus Premier Short-Intermediate Municipal Bond Fund

Dreyfus Premier State Municipal Bond Fund

Connecticut Series

Maryland Series

Massachusetts Series

Michigan Series

Minnesota Series

North Carolina Series

Ohio Series

Pennsylvania Series

Virginia Series

Dreyfus Premier Stock Funds

Dreyfus Premier International Equity Fund

Dreyfus Premier International Small Cap Fund

Dreyfus Premier Small Cap Equity Fund

The Dreyfus Premier Third Century Fund, Inc.

Dreyfus Premier Worldwide Growth Fund, Inc.

Dreyfus Short-Intermediate Government Fund

The Dreyfus Socially Responsible Growth Fund, Inc.

Dreyfus Stock Index Fund, Inc.

Dreyfus Strategic Municipal Bond Fund, Inc.

(closed-end fund)

Dreyfus Strategic Municipals, Inc.

(closed-end fund)

Dreyfus Tax Exempt Cash Management Funds

Dreyfus California AMT-Free Municipal Cash Management

Dreyfus Tax Exempt Cash Management

Dreyfus Treasury Cash Management

Dreyfus Treasury Prime Cash Management

Dreyfus 100% U.S. Treasury Money Market Fund

Dreyfus U.S. Treasury Intermediate Term Fund

Dreyfus U.S. Treasury Long Term Fund

Dreyfus Variable Investment Fund

Appreciation Portfolio

Developing Leaders Portfolio

Growth and Income Portfolio

International Equity Portfolio

International Value Portfolio

Money Market Portfolio

Quality Bond Portfolio

Dreyfus Worldwide Dollar Money Market Fund, Inc.

General California Municipal Money Market Fund

General Government Securities Money Market Funds, Inc.

General Government Securities Money Market Fund

General Treasury Prime Money Market Fund

General Money Market Fund, Inc.

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029

General Municipal Money Market Funds, Inc.

General Municipal Money Market Fund

General New York Municipal Bond Fund, Inc.

General New York Municipal Money Market Fund

Mellon Funds Trust

Mellon Balanced Fund

Mellon Bond Fund

Mellon Emerging Markets Fund

Mellon Income Stock Fund

Mellon Intermediate Bond Fund

Mellon International Fund

Mellon Large Cap Stock Fund

Mellon Massachusetts Intermediate Municipal Bond Fund

Mellon Money Market Fund

Mellon Mid Cap Stock Fund

Mellon National Intermediate Municipal Bond Fund

Mellon National Municipal Money Market Fund

Mellon National Short-Term Municipal Bond Fund

Mellon Pennsylvania Intermediate Municipal Bond Fund

Mellon Short-Term U.S. Government Securities Fund

Mellon Small Cap Stock Fund

Mellon U.S. Core Equity 130/30 Fund

Strategic Funds, Inc.

Dreyfus Premier New Leaders Fund

Emerging Markets Opportunity Fund

Global Stock Fund

International Stock Fund

Systematic International Equity Fund

Astwood-Dreyfus Joint Insured Bond Agreement-2008-029