40-17G

POLICYHOLDER NOTICE

Thank you for purchasing insurance from a member company of American International Group, Inc. (AIG). The AIG member companies generally pay compensation to brokers and independent agents, and may have paid compensation in connection with your policy. You can review and obtain information about the nature and range of compensation paid by AIG member companies to brokers and independent agents in the United States by visiting our website at www.aig.com/producer-compensation or by calling 1-800-706-3102.

91222 (9/

		Single Loss		Single Loss
		Limit of Liability		Deductible
Insuring Agreement A (Fidelity)-	$	10,000,000	$	50,000
Insuring Agreement B (Audit Expense)-	$	250,000	$	5,000
Insuring Agreement C (On Premises)-	$	10,000,000	$	50,000
Insuring Agreement D (In Transit)-	$	10,000,000	$	50,000
Insuring Agreement E (Forgery or Alteration)-	$	10,000,000	$	50,000
Insuring Agreement F (Securities)-	$	10,000,000	$	50,000
Insuring Agreement G (Counterfeit Currency)-	$	10,000,000	$	50,000
Insuring Agreement H (Stop Payment)-	$	250,000	$	25,000
Insuring Agreement I (Uncollectible Items of Deposit)-	$	1,000,000	$	25,000

2-14057
41205 (04/95)

1

© All rights reserved.

Additional Coverages:
Computer Systems	$	10,000,000	$	50,000
Extended Computer Systems	$	10,000,000	$	50,000
Automated Phone System	$	10,000,000	$	50,000
Telefacsimile Transfer Fraud	$	10,000,000	$	50,000
Voice Initiated Transfer Fraud	$	10,000,000	$	50,000
Destruction of Data Programs by Virus	$	10,000,000	$	50,000
Destruction of Data Programs by Hacker	$	10,000,000	$	50,000

PREMIUM: $46,000

2-14057

41205 (04/95)

2

© All rights reserved.

IN WITNESS WHEREOF, the Insurer has caused this Policy to be signed by its President, Secretary and Authorized Representative. This Policy shall not be valid unless signed below at the time of issuance by an authorized representative of the insurer.

MARSH USA INC.
1166 AVENUE OF THE AMERICAS
NEW YORK, NY 10036-3712

7235111

2-14057
41205 (04/95)

3

© All rights reserved.

		ENDORSEMENT# 1
This endorsement, effective 12:01 AM			January 31, 2017	forms a part of
policy number		08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

NEW YORK AMENDATORY ENDORSEMENT - NY STATUTE 3420

Wherever used in this endorsement: 1) "we", "us", "our" and "Insurer" mean the insurance company which issued this policy; 2) "you", "your", "Insured" and "first Named Insured" mean the Named Corporation, Named Entity, Named Organization, Named Sponsor, Named Insured, or Insured stated in the declarations page; 3) "other insured(s)" means all other persons or entities afforded coverage under the policy; 4) "Discovery Period" means Discovery Period or Extended Reporting Period, as defined in the policy; and 5) "Claim" means Claim or Suit as defined in the policy.

It is hereby understood and agreed that the policy is amended as follows:

A.      The following provisions are hereby added to the policy:

FAILURE TO GIVE NOTICE WITHIN PRESCRIBED TIME:

Failure to give any notice required to be given by this policy, or any policy of which this is a renewal, within the prescribed time shall not invalidate any Claim made against an Insured if:

(a)	it shall be shown not to have been reasonably possible to give notice within the prescribed time and that notice was given as soon as was reasonably possible thereafter; or
(b)	the failure to provide timely notice has not prejudiced the Insurer.

Any such Claim shall be deemed to have been first made against the Insured and noticed to the Insurer within the Policy Period or Discovery Period of the policy issued by the Insurer (the "Noticed Policy") in which the Insurer received notice of the Claim; provided that the coverage afforded with respect to the Noticed Policy shall be in an amount no t g rea t er t ha n the amount of coverage afforded with respect to the Policy Period of the policy issued by the Insurer (the "Former Policy") in which the Claim was actually first made against the Insured. The foregoing sentence may result in (but not be limited to): (1) reducing the limit of liability available for such a Claim to the available limit of liability applicable to the Former Policy; (2) increasing the applicable retention amount to that retention amount applicable to the Former Policy; or (3) reducing or eliminating coverage due to exclusions or other restrictions appearing in the Former Policy but eliminated, in part or in whole, in the Noticed Policy. No coverage shall be afforded under this endorsement if there was not in existence a Former Policy at the time the Claim was actually first made against the Insured.

With respect to subsection (b) above, any such Claim must be noticed during the Policy Period or Discovery Period of a Noticed Policy which is a renewal or extension of the Former Policy.

Nothing in this endorsement shall be construed to provide coverage for a Claim under more than one Policy Period or Discovery Period.

2-14057

83231 (1/09)

© All rights reserved
END 001

Page 1 of 2

ENDORSEMENT# 1 (continued)

In the event that the Insurer alleges that it was prejudiced as a result of a failure to give notice within the time required under the policy, the burden of proof shall be on:

(a)	the Insurer to prove that it has been prejudiced, if the notice was provided within two years of the time required under the policy; or
(b)	the Insured to prove that the Insurer has not been prejudiced, if the notice was provided more than two years after the time required under the policy.

The Insurer's rights shall not be deemed prejudiced unless the failure to timely provide notice materially impairs the ability of the Insurer to investigate or defend the Claim.

Notwithstanding the above, an irrebuttable presumption of prejudice shall apply if, prior to the notice, the Insured's liability has been determined by a court of competent jurisdiction or by a binding arbitration; or if the Insured has resolved the Claim by settlement or other compromise.

NOTICE TO AGENT:

Notice given by or on behalf of the Insured, or written notice by or on behalf of the injured party or any other claimant, to any licensed agent of the Insurer in the state of New York, with particulars sufficient to identify the Insured, shall be deemed notice to the Insurer.

INSOLVENCY/ BANKRUPTCY OF INSURED:

The insolvency or bankruptcy of the Insured shall not relieve the Insurer of its obligations under this policy as long as all policy requirements are met by Insured, its trustee or receiver in bankruptcy. Should a covered judgment be rendered against an insolvent or bankrupt Insured, the Insurer shall be liable for the amount of such judgment not to exceed the applicable limit of liability under this policy.

B.      The Clause entitled, "Action Against Us " or "Action Against Company" is deleted in its entirety and replaced with the following:

No one may bring an action against us unless there has been full compliance with all the terms of this policy and the amount of the Insured's obligation to pay has been finally determined either by:

1.	judgment against the Insured which remains unsatisfied at the expiration of thirty (30) days from the service of notice of entry of the judgment upon the Insured and upon us; or
2.	written agreement of the Insured, the claimant and us.

Any person or organization or legal representative thereof who has secured such judgment or written agreement shall thereafter be entitled to recover under this policy to the extent of the insurance afforded by this policy. We may not be impleaded by the Insured or its legal representative in any legal action brought against the Insured by any person or organization.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 001

Page 2 of 2

2-14057

83231 (1/09)

		ENDORSEMENT# 2
This endorsement, effective 12:01 AM			January 31, 2017	forms a part of
policy number		08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

NOTICE OF CLAIM
(REPORTING BY E- MAIL)

In consideration of the premium charged, it is hereby understood and agreed as follows:

1.      Email Reporting of Claims: In addition to the postal address set forth for any Notice of Claim Reporting under this policy, such notice may also be given in writing pursuant to the policy's other terms and conditions to the Insurer by email at the following email address:

c- claim@AIG.com

Your email must reference the policy number for this policy. The date of the Insurer's receipt of the emailed notice shall constitute the date of notice.

In addition to Notice of Claim Reporting via email, notice may also be given to the Insurer by mailing such notice to: AIG, Financial Lines Claims, P.O. Box 25947, Shawnee Mission, KS 66225 or faxing such notice to (866) 227- 1750.

2.      Definitions: For this endorsement only, the following definitions shall apply:

(a)	"Insurer" means the "Insurer," "Underwriter" or "Company" or other name specifically ascribed in this policy as the insurance company or underwriter for this policy.
(b)	"Notice of Claim Reporting" means "notice of claim/ circumstance," "notice of loss" or other reference in the policy designated for reporting of claims, loss or occurrences or situations that may give rise or result in loss under this policy.
(c)	"Policy" means the policy, bond or other insurance product to which this endorsement is attached.

3.      This endorsement does not apply to any Kidnap & Ransom/ Extortion Coverage Section, if any, provided by this policy.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 002

2-14057

99758 (8/08)

ENDORSEMENT# 3
This endorsement, effective at 12:01 AM	January 31, 2017	forms a part of
Policy number 08-073-72-57
Issued to: THE DREYFUS FUND INCORPORATED
(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)

By: National Union Fire Insurance Company of Pittsburgh, Pa. 

Product Name: Manually Issued Policy 

ECONOMIC SANCTIONS ENDORSEMENT

This endorsement modifies insurance provided under the following:

Coverage shall only be provided and payment of loss under this policy shall only be made in full compliance with enforceable United Nations economic and trade sanctions and the trade and economic sanction laws or regulations of the European Union and the United States of America, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department's Office of Foreign Assets Control ("OFAC").

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 003

2-14057

119679 (9/15)

	ENDORSEMENT# 4
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	NEW YORK STATUTORY RIDER/ ENDORSEMENT

It is agreed that:

1.	The Section13 entitled "Termination " of this bond/policy is amended by adding:
2.	Cancelation of this bond/policy by the Underwriter/Company is subject to the following provisions:

If the bond/policy has been in effect for 60 days or less, it may be cancelled by the Underwriter/Company for any reason. Such cancelation shall be effective 20 days after the Underwriter/Company mails a notice of cancel ation to the first-named insured at the mailing address shown in the bond/policy. However, if the bond/policy has been in effect for more than 60 days or is a renewal, then cancellation must be based on one of the following grounds:

(A)	non-payment of premium;
(B)	conviction of a crime arising out of acts increasing the hazard insured against;
(C)	discovery of fraud or material misrepresentation in the obtaining of the bond/policy or in the presentation of claim thereunder;
(D)	after issuance of the bond/policy or after the last renewal date, discovery of an act or omission, or a violation of any bond/policy condition that substantially and materially increases the hazard insured against, and which occurred subsequent to inception of the current bond/policy period;
(E)	material change in the nature or extent of the risk, occurring after issuance or last annual renewal anniversary date of the bond/policy, which causes the risk of loss to be substantially and materially increased beyond that contemplated at the time the bond/policy was issued or last renewed;
(F)	the cancellation is required pursuant to a determination by the superintendent that continuation of the present premium volume of the insurer would jeopardize that insurer's solvency or be hazardous to the interests of the insureds, the insurer's creditors or the public;

© All rights reserved
END 004

2-14057

SR6180b (04/88)

	ENDORSEMENT# 4		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(G)	a determination by the superintendent that the continuation of the bond/policy would violate, or would place the insurer in violation of, any provision of the New York State insurance laws.
(H)	where the insurer has reason to believe, in good faith and with sufficient cause, that there is a possible risk or danger that the insured property will be destroyed by the insured for the purpose of collecting the insurance proceeds, provided, however, that:

(i)	a notice of cancelation on this ground shall inform the insured in plain language that the insured must act within ten days if review by the Insurance Department of the State of New York of the ground for cancelation is desired, and
(ii)	notice of cancelation on this ground shall be provided simultaneously by the insurer to the Insurance Department of the State of New York.
	Cancelation based on one of the above grounds shall be effective 15 days after the notice of cancellation is mailed or delivered to the named insured, at the address shown on the bond/policy, and to its authorized agent or broker.

3. If the Underwriter/Company elects not to replace a bond/policy at the termination of the bond/policy period, it shall notify the insured not more than 120 days nor less than 60 days before termination. If such notice is given late, the bond/policy shall continue in effect for 60 days after such notice is given. The Aggregate Limit of Liability shall not be increased or reinstated. The notice not to replace shall be mailed to the insured and its broker or agent.

4. If the Underwriter/Company elects to replace the bond/policy, but with a change of limits, reduced coverage, increased deductible, additional exclusion, or upon increased premiums in excess of ten percent (exclusive of any premium increase as a result of experience rating), the Underwriter must mail written notice to the insured and its agent or broker not more than 120 days nor less than 60 days before replacement. If such notice is given late, the replacement bond/policy shall be in effect with the same terms, conditions and rates as the terminated bond/policy for 60 days after such notice is given.

© All rights reserved
END 004

2-14057

SR6180b (04/88)

	ENDORSEMENT# 4		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

5.      The Underwriter/Company may elect to simply notify the insured that the bond/policy will either be not renewed or renewed with different terms, conditions or rates. In this event, the Underwriter/Company will inform the insured that a second notice will be sent at a later date specifying the Underwriter's/Company's exact intention. The Underwriter shall inform the insured that, in the meantime, coverage shall continue on the same terms, conditions and rates as the expiring bond/policy until the expiration date of the bond/policy or 60 days after the second notice is mailed or delivered, whichever is later.

© All rights reserved
END 004

2-14057
SR6180b (04/88)

	ENDORSEMENT# 5
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	VOICE INITIATED TRANSFER FRAUD
It is agreed that:

1.      The attached bond is amended by adding an Insuring Agreement as follows:

VOICE INITIATED TRANSFER FRAUD

Loss resulting directly from the Insured having, in good faith, transferred Property from a Customer's or Insured's account through a Computer System covered under the terms of the Computer System Fraud Insuring Agreement in reliance upon a fraudulent voice instruction transmitted by telephone which was purported to be from:

(1)	an officer, director, partner or employee of a Customer of the Insured who was authorized by the Customer to instruct the Insured to make such transfer;
(2)	an individual person who is a Customer of the Insured; or
(3)	an Employee of the Insured in another office of the Insured who was authorized by the Insured to instruct other Employees of the Insured to transfer Property, and was received by an Employee of the Insured specifically designated to receive and act upon such instructions,

but the voice instruction was not from a person described in (1), (2), or (3) above, provided that

(i)	in order for coverage to apply under this Insuring Agreement, Voice
	Initiated Transfer must be received and processed in accordance with
	the Insured's designated procedures. However, the isolated failure of
	the Insured to maintain and follow its designated procedures in a
	particular instance will not preclude coverage under this		Insuring
	Agreement. Provided that the Insured is able to demonstrate that the
	procedures were being followed immediately	before and after the
	occurrence.

© All rights reserved
END 005

2-14057

MNSCPT

	ENDORSEMENT# 5		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

In this Insuring Agreement:

(A) Customer means an entity or individual which has a written agreement with the Insured authorizing the Insured to rely on voice instructions to make transfers and which has provided the Insured with the names of persons authorized to initiate such.

2.	In addition to the Conditions and Limitations in the bond and Computer Systems Fraud Insuring Agreement rider, the following provisions are applicable to the Voice Initiated Transfer Fraud Insuring Agreement:
	This Insuring Agreement does not cover loss resulting directly or indirectly from the assumption of liability by the Insured by contract unless the liability arises from a loss covered by this Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract.
3.	Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above stated.

© All rights reserved
END 005

2-14057
MNSCPT

	ENDORSEMENT# 6
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

TELEFACSIMILE TRANSFER FRAUD

It is agreed that:

1.      The attached bond is amended by adding an Insuring Agreement J as follows:

TELEFACSIMILE TRANSFER FRAUD

Loss resulting directly from the Insured having, in good faith, transferred or delivered Property in reliance upon a fraudulent instruction received through a Telefacsimile Device, and which instruction

(1)      purports and reasonably appears to have originated from

(a)	a Customer of the Insured,
(b)	another financial institution, or
(c)	another office of the Insured

but, in fact, was not originated by the Customer or entity whose identification it bears and

In order for coverage to apply under this Insuring Agreement, Telefacsimile Transfer must be received and processed in accordance with the Insured's designated procedures. However, the isolated failure of the Insured to maintain and follow its designated procedures in a particular instance will not preclude coverage under this Insuring Agreement. Provided, however, that the Insured is able to demonstrate that said procedures were implemented and being followed both before and after the occurrence.

2.      In addition to the Conditions and Limitations in the bond and Computer Systems Fraud Insuring Agreement rider, the following provisions are applicable to the Telefacsimile Transfer Fraud Insuring Agreement:

© All rights reserved
END 006

2-14057

MNSCPT

	ENDORSEMENT# 6		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

Customer means an entity or individual which has a written agreement with the Insured authorizing the Insured to rely on telefacsimile instructions to make transfers.

Telefacsimile Device means a machine capable of sending or receiving a duplicate image of a document by means of electronic impulses transmitted through a telephone line and which reproduces the duplicate image on paper.

This Insuring Agreement does not cover loss resulting directly or indirectly from the assumption of liability by the Insured by contract unless the liability arises from a loss covered by the Telefacsimile Transfer Fraud Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract.

Proof of loss for claim under the Telefacsimile Transfer Fraud Insuring Agreement must include a copy of the document reproduced by the Telefacsimile Device.

3.      Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above stated.

© All rights reserved
END 006

2-14057
MNSCPT

	ENDORSEMENT# 7
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AUTOMATED TELEPHONE TRANSACTIONS

It is agreed that this Bond is amended as follows:

1.      By adding the following INSURING AGREEMENT:

AUTOMATED PHONE SYSTEM

Loss resulting directly from the Insured having transferred funds on the faith of any Automated Phone System (APS) Transaction, where the request for such APS Transaction is unauthorized or fraudulent and is made with the intent to deceive. In order for coverage to apply under this INSURING CLAUSE the INSURED shall maintain and follow all APS Designated Procedures with respect to APS Transactions. The isolated failure of the INSURED to maintain and follow a particular APS Designated Procedure in a particular instance will not preclude coverage under this INSURING CLAUSE subject to the exclusions herein and in the Bond.

2.      By adding to the DEFINITIONS SECTION, the following:

Automated Phone System or APS means an automated system which receives and converts to executable instructions transmissions over the telephone through use of a touch-tone keypad or other tone system or voice recognition system; and always excluding transmissions from a computer system or part thereof.

APS Transaction means any APS Purchase, APS Redemption, APS Election		or APS
Exchange.
APS Purchase means any purchase of shares issued by an Investment Company which is
requested through an Automated Phone System.
APS Redemption means any redemption of shares issued by an Investment Company which
is requested over the telephone by means of information transmitted by an individual caller
through use of a telephone keypad or voice recognition system.
APS Election means any election concerning various account features available to Fund
shareholderswhich is made over the telephone by means of information transmitted by an
individual caller through use of a telephone keypad or voice recognition system. These
features include account statements. auto exchange,	auto asset builder, automatic
withdrawal, dividend/capital gain options. dividend sweep. telephone balance consent and
change of address.

© All rights reserved
END 007

2-14057

MNSCPT

	ENDORSEMENT# 7		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

APS Exchange means any exchange of shares in a registered account of one Fund into shares in an account with the same tax identification number and same ownership-type code of another Fund in the same complex pursuant to exchange privileges of the two Funds, which exchange is requested over the telephone by means of information transmitted by an Individual caller through use of a telephone keypad or voice recognition system.

APS Designated Procedures means all of the following procedures:

(1)	Election in Application: No APS Redemption shall be executed unless the shareholder to whose account such an APS Redemption relates has previously elected to permit Telephone Redemptions.
(2)	Logging: All APS Purchases, Redemptions or Exchanges shall be logged or otherwise recorded and the records shall be retained for at least six (6) months.

(a)      Information contained in the records shall be capable of being retrieved and produced within a reasonable time after retrieval of specific information is requested, at a success rate of no less than 85 percent.

(3)      Identity Test: The caller in any request for an APS Transaction, must first input his/her account number, the last four digits of his/her social security number, and finally, his/her personal identification number ("PIN"). It is proposed that in addition to this procedure, a customer may:

(1)	Begin by saying or pressing his/her account number, then say or press his/her PIN, or
(2)	Begin by saying or pressing his/her social security number, then say or press his/her PIN and lastly, say name of fund or account number (or press account number).
(3)	Limited attempts to Enter PIN: If the caller fails to enter a correct PIN within (3) three attempts, the caller must not be allowed additional attempts during the same telephone call to enter the PIN. The caller may either be instructed to redial a customer service representative or may be immediately connected to such a representative.

© All rights reserved
END 007

2-14057

MNSCPT

	ENDORSEMENT# 7		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(4)	Written Confirmation: A written confirmation of any APS Purchase, Redemption, Exchange or change of address shall be mailed to the shareholder(s) to whose account such transaction relates, at the record address, by the end of the insured's next regular processing cycle, but in no event later than five (5) business days following such APS Transaction.
(5)	Access to APS Equipment: Access to the equipment which permits the entity receiving the APS Transaction request to process and effect the transaction shall be limited in the following manner: BNY MELLON
	INVESTMENT SERVICING, INC. and DST Systems, Inc., accesses the hardware housing the Mutual Fund On-Line system which effects transactions.

3.      By adding the following SECTION after Section 2, EXCLUSIONS SPECIFIC TO AUTOMATED PHONE SYSTEMS INSURING AGREEMENT:

This bond does not directly or indirectly cover under AUTOMATED PHONE SYSTEMS INSURING AGREEMENT: Any loss resulting from:

(1)	The redemption of shares, where the proceeds of such redemption are made payable to other than (i) the shareholder of record, or (ii) a person designated to receive redemption proceeds, or (iii) a bank account designated to receive redemption proceeds, or
(2)	The redemption of shares, where the proceeds of such redemption are paid by check mailed to an address that has been changed within thirty (30) days immediately preceding the redemption, unless (i) the change of address was signature guaranteed or (ii) the change of address was otherwise processed in accordance with APS Designated Procedures, or
(3)	The redemption of shares, where the proceeds of such redemption are paid by wire transfer to other than the shareholders designated bank account of record, or
(4)	The intentional failure to adhere to one or more APS Designated Procedures.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

© All rights reserved
END 007

2-14057
MNSCPT

	ENDORSEMENT# 8
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED FIDELITY AGREEMENT

In consideration of the premium charged, it is hereby understood and agreed that:

1.      Insuring Agreement (A) FIDELITY is hereby deleted in its entirety and replaced with the following:

(A) Loss resulting directly from dishonest or fraudulent act(s), including Larceny or Embezzlement committed by an Employee, committed anywhere and whether committed alone or in collusion with others including loss of Property resulting from such acts of an Employee, which Property is held by the Insured for any purpose or in any capacity and whether or not the Insured is liable thereof.

Dishonest or fraudulent act(s) as used in this Insuring Agreement shall mean only dishonest or fraudulent act(s) committed by such Employee with the intent:

(a)	to cause the Insured to sustain such loss; or
(b)	to obtain financial benefit for the Employee, or for any other person or organization intended by the Employee to receive such benefit, other than salaries, commissions, fees, bonuses, promotions, awards, profit sharing, pensions or other employee benefits earned in the normal course of employment.

It is agreed that in determining the amount of any loss payable under this bond, the Insured may include payments to individual Employees which are salaries, commissions, fees, bonuses, and the like, as part of such loss, provided that such payments have been solely as the result of the Employee having committed a dishonest or fraudulent act covered under this bond.

(B)      Loss resulting directly from the malicious destruction of or the malicious damage to Electronic Instructions, Electronic Data or Electronic Media committed by an Employee, whether committed alone or in collusion with others.

The liability of the Underwriter shall be limited to the cost of duplication of such Electronic Instructions, Electronic Data or Electronic Media from other Electronic Instructions, Electronic Data or Electronic Media which shall have been furnished by the Insured.

© All rights reserved
END 008

2-14057

MNSCPT

	ENDORSEMENT# 8		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

In the event, however, that destroyed or damaged Electronic Instructions, Electronic Data or Electronic Media cannot be duplicated from other Electronic Instructions, Electronic Data or Electronic Media, the Insurer will pay the cost incurred for computer time, computer programmers, consultants or other technical specialists as is reasonably necessary to restore the Electronic Instructions, Electronic Data or Electronic Media to substantially the previous level of operational capability.

2.      Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached policy other than as above stated.

© All rights reserved
END 008

2-14057
MNSCPT

	ENDORSEMENT# 9
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

DESTRUCTION OF DATA BY VIRUS

It is agreed that the following Insuring Agreement is added to the bond:

DESTRUCTION OF DATA OR PROGRAMS BY VIRUS

Loss resulting directly from the malicious destruction of or damage to, Electronic Data or Computer Programs owned by the Insured or for which the Insured is legally liable while stored within a Computer System covered under the terms of the Computer Systems rider attached to this bond if such destruction or damage was caused by a computer program or similar instruction which was written or altered to incorporate a hidden instruction designed to destroy or damage Electronic Data or Computer Programs in the Computer System in which the computer program or instruction so written or so altered is used.

The liability of the Company shall be limited to the cost of duplication of such Electronic Data or Computer Programs from other Electronic Data or Computer Programs which shall have been furnished by the Insured.

In the event, however, that destroyed or damaged Computer Programs cannot be duplicated from other Computer Programs, the Company will pay the cost incurred for computer time, computer programmers, consultants or other technical specialists as is reasonably necessary to restore Computer Programs to substantially the previous level of operational capability.

In no event shall the liability of the Company exceed the maximum limit of liability of $10,000,000, subject to a Deductible of $50,000.

Special Condition

Under this Insuring Agreement, "Single Loss" means all covered costs incurred by the Insured between the time destruction or damage is discovered and the time the Computer System is restored to substantially the previous level of operational capability. Recurrence of destruction or damage after the Computer System is restored shall constitute a separate "Single loss".

© All rights reserved
END 009

2-14057

MNSCPT

	ENDORSEMENT# 9		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

1.	The following Definitions are added:
	Electronic Data means facts or information converted to a form usable in a Computer System by Computer Programs and which is stored on magnetic tapes or disks, or optical storage disks or other bulk media.
	Computer Program means a set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which enable the computer or devices to receive, process, store or send Electronic Data
2.	Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements or the attached bond other than as above stated.

© All rights reserved
END 009

2-14057
MNSCPT

	ENDORSEMENT# 10
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

DESTRUCTION OF DATA BY HACKER

1.      It is agreed that the following Insuring Agreement is added to the bond:

DESTRUCTION OF DATA OR PROGRAMS BY HACKER

Loss resulting directly from the malicious destruction of or damage to, Electronic Data or Computer Programs owned by the Insured or for which the Insured is legally liable while stored within a Computer System covered under the terms of the Computer Systems rider attached to this bond.

The liability of the Company shall be limited to the cost of duplication of such Electronic Data or Computer Programs from other Electronic Data or Computer Programs which shall have been furnished by the Insured.

In the event, however, that destroyed or damaged Computer Programs cannot be duplicated from other Computer Programs, the Company will pay the cost incurred for computer time, computer programmers, consultants or other technical specialists as is reasonably necessary to restore Computer Programs to substantially the previous level of operational capability.

The Single Loss Limit of Liability for this Insuring Agreement is $10,000,000 which is part, and not in addition to the Aggregate Limit of Liability on the Declaration Page of this bond. A deductible of $50,000 applies to each and every loss.

2.      The following Definitions are added:

Electronic Data means facts or information converted to a form usable in a Computer System by Computer Programs and which is stored on magnetic tapes or disks, or optical storage disks or other bulk media

Computer Program means a set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which enable the computer or devices to receive, process, store or send Electronic Data

3.      Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, limitations, conditions or agreements or the attached bond other than as above stated.

© All rights reserved
END 10

2-14057
MNSCPT

	ENDORSEMENT# 11
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

COMPUTER SYSTEMS FRAUD INSURING AGREEMENT

It is agreed that:

1.      The attached bond is amended by adding an Insuring Agreement as follows:

COMPUTER SYSTEMS FRAUD

Loss resulting from a fraudulent

1)	entry of Electronic Data or Computer Program into, or
2)	change of Electronic Data or Computer Program within any Computer System used by the Insured;

provided that the entry or change causes

i)	Property to be transferred, paid or delivered,
ii)	an account of the Insured, or of its customer, to be added, deleted, debited or credited, or
iii)	an unauthorized account or a fictitious account to be debited or credited.

In this Insuring Agreement, fraudulent entry or change shall include such entry or change made by an Employee of the Insured acting in good faith on an instruction from a software contractor who has a written agreement with the Insured to design, implement or service programs for a Computer System covered by this Insuring Agreement.

2.      In addition to the Conditions and Limitations in this bond, the following, applicable to the Computer Systems Fraud Insuring Agreement, are added:

DEFINITIONS

(A)      Computer Program means a set of related electronic instructions which direct the operations and functions of a computer or devices connected to it which enable the computer or devices to receive, process, store or send Electronic Data;

© All rights reserved
END 11

2-14057
MNSCPT

	ENDORSEMENT# 11		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(B)      Computer System means

(1)	computers with related peripheral components, including storage compartments wherever located including internet access or remote access to said Computer System,
(2)	systems and applications software,
(3)	terminal devices, and
(4)	related communication networks or customer communications systems including the internet, and
(5)	related electronic funds transfer systems that is currently utilized by the Insured

by which Electronic Data are electronically collected, transmitted, processed, stored and retrieved;

(C)      Electronic Data means facts or information converted to a form usable in a Computer System by Computer Programs, and which is stored on magnetic tapes or disks, or optical storage disks or other bulk media.

EXCLUSIONS

(A)	loss resulting directly or indirectly from the assumption of liability by the Insured by contract unless the other liability arises from a loss covered by the Computer Systems Fraud Insuring Agreement and would be imposed on the Insured regardless of the existence of the contract;
(B)	loss resulting directly or indirectly from negotiable instruments, securities, documents or other written instruments which bear a forged signature, or are counterfeit, altered or otherwise fraudulent and which are used assource documentation in the preparation of Electronic Data or manually keyed into a data terminal;
(C)	loss resulting directly or indirectly from

(1)      mechanical failure, faulty construction, error in design, latent defect, fire, wear or tear, gradual deterioration, or electrical disturbance or electrical surge which affects a Computer System, or

© All rights reserved
END 11

2-14057

MNSCPT

	ENDORSEMENT# 11		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(2)	failure or breakdown of electronic data processing media, or
(3)	error or omission in programming or processing;

(D)	loss resulting directly or indirectly from the input of Electronic Data into a Computer System terminal device either on the premises of a customer of the Insured or under the control of such a customer by a person who had authorized access to the customer's authentication mechanism; provided, however, this exclusion shall only apply to loss sustained in that customer's account;
(E)	loss resulting directly or indirectly from the theft of confidential information provided, however, that this exclusion shall not apply to any loss otherwise covered under Insuring Agreement A in which a password was used, and said password is the confidential information.

SERIES OF LOSSES

All loss or series of losses involving the fraudulent acts of one individual, or involving fraudulent acts in which one individual is implicated, whether or not that individual is specifically identified, shall be treated as a Single Loss and subject to the Single Loss Limits of Liability. A series of losses involving unidentified individuals but arising from the same method of operation shall be deemed to involve the same individual and in that event shall be treated as a Single Loss and subject to the Single Loss Limit of Liability.

© All rights reserved
END 11

2-14057
MNSCPT

	ENDORSEMENT# 12
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED AUDIT EXPENSE

It is agreed that:

1.      Audit Expense Insuring Agreement (B) is hereby deleted and replaced with the following:

(B)      AUDIT EXPENSE

Expense incurred by the Insured for that part of the costs of audits or examinations required by any governmental regulatory authority to be conducted either by such authority or by an independent accountant by reason of the discovery of loss sustained by the Insured through any dishonest or fraudulent act(s), including Larceny or Embezzlement of any of the Employees or any other Insuring Agreements included in this bond. The total liability of the Underwriter for such expense by reason of such acts of any Employee or in which such Employee is concerned or implicated or with respect to any one audit or examination is limited to the amount stated opposite Audit Expense in Item 3 of the Declarations; it being understood, however, that such expense shall be deemed to be a loss sustained by the Insured through any dishonest or fraudulent act(s), including Larceny or Embezzlement of one or more of the Employees and the liability under this paragraph shall be in addition to the Limit of liability stated in Insuring Agreement (A) in Item 3 of the Declarations.

2.      Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above stated.

© All rights reserved
END 12

2-14057 MNSCPT

	ENDORSEMENT# 13
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED COUNTERFEIT CURRENCY

It is agreed that:

1.      INSURING AGREEMENT (G) is deleted in its entirety and replaced by the following:

Loss resulting directly from the receipt by the Insured, in good faith, of any Counterfeit money orders or altered paper currency or coin of the United States of America, Canada or any other country.

2.      Nothing herein contained shall be held to vary, alter, waive, or extend any of the terms, limitations, conditions, or provisions of the attached bond other than above stated.

© All rights reserved
END 13

2-14057
MNSCPT

	ENDORSEMENT# 14
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED FORGERY OR ALTERATIONS

It is agreed that:

1.      Insuring Agreement (E) is hereby deleted in it's entirety and replaced with the following:

(E)      FORGERY OR ALTERATION

Loss through FORGERY or ALTERATION of, on or in any bills of exchange, checks, drafts, acceptances, certificates of deposit, promissory notes, or other written promises, orders or directions to pay sums certain in money, due bills, money orders, warrants, orders upon public treasuries, letters of credit, written instructions, advices or applications directed to the Insured, authorizing or acknowledging the transfer, payment, delivery or receipt of funds or Property, which instructions or advices or applications purport to have been signed or endorsed by any customer or Employee of the Insured, shareholder or subscriber to shares, whether certificated or uncertificated, of any Investment Company or by any financial or banking institution or stockbroker but which instructions, advices or applications either bear the forged signature or endorsement or have been altered without the knowledge and consent of such customer, shareholder or subscriber to shares, whether certificated or uncertificated, of an Investment Company, financial or banking institution or stockbroker, withdrawal orders or receipts for the withdrawal of funds or Property, or receipts or certificates of deposit for Property and bearing the name of the Insured as issuer, or of another Investment Company for which the Insured acts as agent, excluding, however, any loss covered under Insuring Agreement (F) hereof whether or not coverage for Insuring Agreement (F) is provided for in the Declarations of this bond.

Any check or draft (a) made payable to a fictitious payee and endorsed in the name of such fictitious payee or (b) procured in a transaction with the maker or drawer thereof or with one acting as an agent of such maker or drawer or anyone impersonating another and made or drawn payable to the one so impersonated and endorsed by anyone other than the one impersonated, shall be deemed to be forged as to such endorsement.

© All rights reserved
END 14

2-14057

MNSCPT

	ENDORSEMENT# 14		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

2.      Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above stated.

Mechanically reproduced facsimile signatures are treated the same as handwritten signatures.

© All rights reserved
END 14

2-14057
MNSCPT

	ENDORSEMENT# 15
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED CHANGE OF CONTROL NOTICE

It is agreed that:

1.	Section 17 - NOTICE AND CHANGE OF CONTROL is hereby amended by changing the term "30 days" to "60 days".
2.	Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above stated.

© All rights reserved
END 15

2-14057
MNSCPT

	ENDORSEMENT# 16
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

THIRD PARTY CHECK EXCLUSION

It is agreed that:

1.      By adding to Section 2 Exclusions - the following:

(n) loss resulting from or in connection with acceptance of a Third Party Check, unless the entity which receives such check maintains and proceeds in accordance with the Insured's Designated Procedures. This Exclusion does not apply to Insuring Agreement A - FIDELITY.

2.      The following is added to Section 1, DEFINITIONS:

(f) Third Party Check means a check made payable to one party and offered as payment to another party.

3.      A Deductible amount of $200,000 will apply to any one loss as respects Third Party Checks.

© All rights reserved
END 16

2-14057
MNSCPT

	ENDORSEMENT# 17
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

EXTENDED COMPUTER SYSTEMS RIDER

It is agreed that this Bond is amended as follows:

1.      By adding the following INSURING AGREEMENT:

(M)      EXTENDED COMPUTER SYSTEMS

A.      Electronic Data, Electronic Media, Electronic Instruction Loss resulting directly from:

(1	)	the fraudulent modification of Electronic Data, Electronic
		Media or Electronic Instruction being stored within or being run
within any system covered under this INSURING AGREEMENT.
(2	)	robbery, burglary, larceny or theft or destruction of Electronic
		Data, Electronic Media or Electronic Instruction.
(3	)	the act of a hacker causing damage or destruction of
		Electronic Data, Electronic Media or Electronic
		Instruction owned by the INSURED or for which the
INSURED is legally liable, while stored within a Computer
		System covered under this INSURING AGREEMENT, or
(4	)	the damage or destruction of Electronic Data, Electronic Media
		or Electronic Instruction owned by the INSURED or for which
		the INSURED is legally liable, while stored within a Computer
		System covered under this INSURING AGREEMENT, provided
		such damage or destruction was caused by acomputer
		program or similar instruction which was written or altered to
		intentionally incorporate a hidden instruction designed to
		damage or destroy Electronic Data, Electronic Media or
		Electronic Instruction in the Computer System in which the
		computer program or instruction so written or so altered is
		used.

B.      Electronic Communication

Loss resulting directly from the INSURED having transferred, paid or delivered any funds or Property, established any credit, debited any account or given any value on the faith of any electronic communications directed to the INSURED, which were transmitted or appear to have been transmitted through:

© All rights reserved
END 17

2-14057

MNSCPT

	ENDORSEMENT# 17		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(1)	an Electronic Communication System,
(2)	an automated clearing house or custodian, or
(3)	a Telex, TWX, or similar means of communication,

directly into the INSURED'S Computer System or Communication Terminal, and fraudulently purport to have been sent by a Customer automated clearing house, custodian, or financial institution but which communications were either not sent by said Customer, automated clearing house, custodian, or financial institution, or were fraudulently modified during physical transit of Electronic Media to the INSURED or during electronic transmission to the INSURED's Computer Systems or Communication Terminal.

C. Electronic Transmission

Loss resulting directly from a Customer of the INSURED, any automated clearing house, custodian, or financial institution having transferred, paid or delivered any Property, established any credit, debited any account or given any value on the faith of any Electronic Communications, purporting to have been directed by the INSURED to such Customer, automated clearing house, custodian, or financial institution initiating, authorizing, or acknowledging, the transfer, payment, delivery or receipt of Property, which communications were transmitted through:

(1)	an Electronic Communication System,
(2)	an automated clearing house or custodian, or
(3)	a Telex, TWX, or similar means of communication,

directly into the INSURED'S Computer System or Communication Terminal of said customer, automated clearing house, custodian, or financial institution and fraudulently purport to have been directed by the INSURED, but which communications were either not sent by the INSURED or were fraudulently modified during physical transit of Electronic Media from the INSURED or during electronic transmission from the INSURED's Computer System or Communication Terminal, and for which loss the INSURED is held to be legally liable.

© All rights reserved
END 17

2-14057

MNSCPT

	ENDORSEMENT# 17		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

2.      By adding to Section 1, DEFINITIONS, the following:

g.	Communication Terminal means a teletype, teleprinter or video display terminal, or similar device capable of sending or receiving information electronically, Communication Terminal does not mean a telephone.
h.	Electronic Communication System means electronic communication operations by Fedwire, Clearing House Interbank Payment System (CHIPS), Society of Worldwide International Financial Telecommunication (SWIFT), similar automated interbank communication system, and Internet access facilities.
i.	Electronic Data means facts or information converted to a form usable in
	Computer System and which is stored on Electronic Media for use by computer programs.
j.	Electronic Instruction means computer programs converted to a form usable in a Computer System to act upon Electronic Data.
k.	Electronic Media means the magnetic tape, magnetic disk, optical disk or any other bulk media on which data is recorded.
l.	Computer Systems means:

(1)	computers with related peripheral components, including storage compartments wherever located including internet access or remote access to said Computer Systems,
(2)	systems and application software,
(3)	terminal devices,
(4)	related communication networks or customer communication systems including the internet, and
(5)	related electronic funds transfer systems that are currently utilized by the Insured.

m.      Solely for purposes of this endorsement, " Customer" means any entity or individual which has a written contract or agreement with the Insured for the purpose of the Insured providing professional services.

© All rights reserved
END 17

2-14057

MNSCPT

	ENDORSEMENT# 17		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

3.      By adding the following SPECIFIC EXCLUSIONS-APPLICABLE TO THIS INSURING AGREEMENT (M):

This Insuring Agreement does not cover:

a.	loss resulting directly or indirectly from Forged, altered or fraudulent negotiable instruments, Securities, documents or other written instruments used as source documentation in the preparation of Electronic Data:
b.	loss of negotiable instruments, Securities, documents or other written instruments except as converted to Electronic Data and then only in that converted from;
c.	loss resulting from mechanical failure, faulty construction, error in design, latent defect, wear or tear, gradual deterioration, electrical disturbance, Electronic Media failure or breakdown or any malfunction or error in programming or error or omission in processing;
d.	loss resulting directly or indirectly from the input of Electronic Data at an authorized electronic terminal of an Electronic Funds Transfer System or a Customer Communications System by a person who has authorized access from a Customer to that Customer's authentication mechanism, provided however, this exclusion shall only apply to loss sustained in that particular Customer's account;
e.	liability assumed by the INSURED by agreement under any contract, unless such liability would have attached to the INSURED even in the absence of such agreement; or
f.	loss resulting directly or indirectly from:

(1)	written instruction unless covered under this INSURING AGREEMENT; or
(2)	instruction by voice over the telephone, unless covered under this INSURING AGREEMENT.

© All rights reserved
END 17

2-14057

MNSCPT

	ENDORSEMENT# 17		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

g.	loss resulting directly or indirectly from the input data into a Computer
	System terminal, either on the premises of the Customer of the INSURED or
	under the control of such a Customer by a Customer or other person who had
	authorized access to the Customer's authentication
	mechanism, provided, however, this exclusion shall only apply to loss
	sustained in that particular Customer's account.

4.      By adding to Section 5., Valuation of Property, the following:

Electronic Data, Electronic Media, or Electronic Instruction

In case of loss of, or damage to, Electronic Data, Electronic Media, or Electronic Instruction used by the INSURED in its business, the COMPANY'S liability under this Bond shall be limited to the cost to reproduce the Electronic Data, Electronic Media or Electronic Instructions from other Electronic Data, Electronic Media or Electronic Instruction of the same kind of quality and then for not more than the cost of the blank media and/or the cost of labor for the actual transcription or copying of data which shall have been furnished by the INSURED in order to reproduce such

Electronic Data, Electronic Media or Electronic Instruction subject to the applicable LIMIT OF LIABILITY.

In the event, however, that the loss or damage to Electronic Data, Electronic Media or Electronic Instructions cannot be reproduced from other Electronic Data, Electronic Media or Electronic Instructions, the Company will pay the cost incurred for computer time, computer programmers, consultants or other technical specialists as is reasonably necessary to restore such Electronic Data, Electronic Media or Electronic Instructions to substantially the previous level of operational capability.

However, if such Electronic Data can not be reproduced and said Electronic Data represents Securities or financial instruments having a value, then the loss will be valued as indicated in the SECURITIES and OTHER PROPERTY paragraphs of this Section.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

© All rights reserved
END 17

2-14057
MNSCPT

	ENDORSEMENT# 18
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

DEFINITION OF EMPLOYEE AMENDED

It is agreed that:

1.      The definition of Employee in Section 1. DEFINITIONS of this bond is amended to include the following individuals identified below as indicated by a check in the corresponding box:

© All rights reserved
END 18

2-14057

MNSCPT

	ENDORSEMENT# 18		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

2.	For the purposes herein, Employees of one Insured are considered Employees of all Insureds.
3.	As used herein, "Consultant" means a professional consultant under contract, either directly or through such consultant's company or firm, with the Insured to provide

© All rights reserved
END 18

2-14057

MNSCPT

	ENDORSEMENT# 18		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

solely consulting services to the Insured and Consultant is under the supervision, direction and control of the Insured.

4.      In Section 1. DEFINITIONS of this bond, the definition of "Employee," is amended by deleting subparagraph(9) in its entirety and replacing it with the following:

(9)      any officer, partner or Employee of

a)	an investment advisor,
b)	an underwriter (distributor),
c)	a transfer agent or shareholder accounting record-keeper,or
d)	an administrator authorized by written agreement to keep financial and/or other required records,

for an Investment Company named as Insured while performing acts coming within the scope of the usual duties of an officer or Employee of any Investment Company named as Insured herein, or while acting as a member of any committee duly elected or appointed to examine or audit or have custody of or access to the Property of any such Investment Company, provided that only Employees or partners of a transfer agent, shareholder accounting record-keeper or administrator which is an affiliated person as defined in the Investment Company Act of 1940, of an Investment Company named as Insured or is an affiliated person of the adviser, underwriter or administrator of such Investment Company shall be included within the definition of Employee.

Each employer of temporary personnel or processors as set forth in Sub-Sections (6) and of Section 1(a) and their partners, officers and employees shall collectively be deemed to be one person for all the purposes of this bond, excepting, however, the last paragraph of Section 13.

Brokers, or other agents under contract or representatives of the same general character shall not be considered Employees.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 18

2-14057
MNSCPT

	ENDORSEMENT# 19
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND INSURING AGREEMENT (I) UNCOLLECTIBLE ITEMS OF DEPOSIT

In consideration of the premium charged, it is hereby understood and agreed that INSURING AGREEMENT (I), UNCOLLECTIBLE ITEMS OF DEPOSIT is deleted in its entirety and replaced with the following:

(I) UNCOLLECTIBLE ITEMS OF DEPOSIT

Loss resulting from payments of dividends or fund shares, or withdrawals permitted from any customer's, shareholder's or subscriber's account based upon Uncollectible Items of Deposit of a customer, shareholder or subscriber credited by the Insured or the Insured's agent to such customer's, shareholder's or subscriber's Mutual Fund Account; or

Loss resulting from any Item of Deposit processed through an Automated Clearing House which is reversed by the customer, shareholder or subscriber and deemed uncollectible by the Insured.

Loss includes dividends and interest accrued not to exceed 15% of the Uncollectible Items which are deposited.

This Insuring Agreement applies to all Mutual Funds with "exchange privileges" regardless of the number of transactions between Fund(s), the minimum number of days of deposit within the Fund(s) before withdrawal as declared in the Fund(s) prospectus shall begin from the date a deposit was first credited to any Insured Fund(s).

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 19

2-14057
MNSCPT

	ENDORSEMENT# 20
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND GENERAL AGREEMENT A- 15%

In consideration of the premium charged, it is hereby understood and agreed that in GENERAL AGREEMENTS (A), ADDITIONAL OFFICES OR EMPLOYEES -CONSOLIDATION OR MERGER-NOTICE is deleted in its entirety and replaced with the following:

A .ADDITIONAL OFFICES OR EMPLOYEES- CONSOLIDATION OR MERGER-NOTICE

1.	If the Insured shall, while this bond is in force, establish any additional office or offices, such office or offices shall be automatically covered hereunder from the dates of their establishment, respectively. No notice to the Underwriter of an increase during any premium period in the number of offices or in the number of Employees at any of the offices covered hereunder need be given and no additional premium need be paid for the remainder of such premium period.
2.	If an Investment Company, named as Insured herein, shall, while this bond is in force, merge or consolidate with, or purchase the assets of another institution, coverage for such acquisition shall apply automatically from the date of acquisition.
	The Insured shall notify the Underwriter of such acquisition within 60 days of said date, and an additional premium shall be computed only if such acquisition involves additional offices or employees.

Notwithstanding the foregoing, if the Insured shall, while this bond is in force, consolidate or merge with, or purchase or acquire assets or liabilities of, another institution, the Insured shall automatically have such coverage as is afforded under this bond for loss without an additional premium charge for the remainder of the current bond period provided that:

(a)	the assets acquired as a result of such consolidation, merger, purchase or acquisition are less than fifteen percent (15%) of the assets of the Insured on the date of such consolidation, merger, purchase or acquisition;
(b)	the consolidation, merger, purchase or acquisition of assets or liabilities was not through a regulatory-assisted transaction;
(c)	the consolidated or merged institution, or the assets or liabilities purchased or acquired from another institution, were not the subject of any regulatory agreement or stipulation prior to the effective date of the consolidation, merger, purchase or acquisition; and

© All rights reserved
END 20

2-14057

MNSCPT

	ENDORSEMENT# 20		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(d)      the consolidated or merged institution, or the assets or liabilities purchased or acquired from another institution, have not incurred or been the subject of a loss of a type payable under this bond in an amount exceeding the deductible amount shown in Item 3 of the Declarations during the preceding three (3) years.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 20

2-14057
MNSCPT

	ENDORSEMENT# 21
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMEND SECTION 1, DEFINITIONS, PROPERTY

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 1, DEFINITIONS , (b) "Property" is deleted in its entirety and replaced with the following:

(b)	"Property" means money (i.e currency, coin, bank notes, Federal Reserve notes),
	postage and revenue stamps, U.S. Savings Stamps, bullion, precious metals of all
	kinds and in any form and articles made therefrom, jewelry, watches, necklaces,
	bracelets, gems, precious and semi-preciousstones, bonds, securities, evidences of
	debts, debentures, scrip, certificates, interim receipts, warrants, rights, puts,
	calls, straddles, spreads, transfers, coupons, drafts, bills of exchange,
	acceptances, notes, checks, withdrawal orders, money orders, warehouse
	receipts, bills of lading, conditional sales contracts, abstracts of title, insurance
	policies, uncertificated securities, deeds, mortgages under real estate and/or
	chattels and upon interests therein, and assignments of such policies, mortgages and
	instruments, and other valuable papers, including books of account and other
	records used by the Insured in the conduct of its business, and all other
	instruments similar to or in the nature of the foregoing including electronic
	representations of such instruments enumerated above (not including data
	processing records; however, the cost associated with the reconstruction of data
	processing records shall be reimbursed) in which the Insured has an interest or in
	which the Insured acquired or should have acquired an interest by reason of a
	predecessor's declared financial condition at the time of the Insured's
	consolidation or merger with, or purchase of the principal assets of, such
	predecessor or which are held by the Insured for any purpose or in any capacity
	and whether so held by the Insured for any purpose or in any capacity and
	whether so held gratuitously or not and whether or not the Insured is liable
	therefore.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 21

2-14057
MNSCPT

	ENDORSEMENT# 22
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 2, EXCLUSIONS (H),

In consideration of the premium charged, it is hereby understood and agreed that SECTION 2, EXCLUSIONS, (h) is deleted in its entirety and replaced with the following:

h)      potential income, including but not limited to interest or dividends, not realized by the Insured because of a loss covered under this bond, except accrued interest or dividends for which the Insured is legally liable to a customer or other third party or as included under Insuring Agreement (I).

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 22

2-14057
MNSCPT

	ENDORSEMENT# 23
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 2, EXCLUSIONS (J),

In consideration of the premium charged, it is hereby understood and agreed that SECTION 2, EXCLUSIONS, (j) is deleted in its entirety and replaced with the following:

j)      loss through the surrender of Property away from an office of the Insured as a result of a threat

(1)	to do bodily harm to any person, except loss of Property in transit in the custody of any person acting as messenger provided that when such transit was initiated there was no knowledge by the Insured of any such threat, except when covered under Insuring Agreement (A). or
(2)	to do damage to the premises or Property of the Insured, except when covered under Insuring Agreement (A).

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 23

2-14057
MNSCPT

	ENDORSEMENT# 24
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 2, EXCLUSIONS (M)

In consideration of the premium charged, it is hereby understood and agreed that SECTION 2, EXCLUSIONS, (m) is deleted in its entirety.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 24

2-14057
MNSCPT

	ENDORSEMENT# 25
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 4 DISCOVERY

LOSS-NOTICE-PROOF-LEGAL PROCEEDINGS AMENDED

In consideration of the premium charged, it is hereby understood and agreed that Section 4. of the attached bond is deleted in its entirety and replaced with the following:

SECTION 4. LOSS -NOTICE -PROOF-LEGAL PROCEEDINGS

This bond is for the use and benefit only of the Insured named in the Declarations and the Underwriter shall not be liable hereunder for loss sustained by anyone other than the Insured unless the Insured, in its sole discretion and at its option, shall include such loss in the Insured's proof of loss. At the earliest practicable moment after discovery of any loss hereunder by the Insured's BNY Mellon Insurance Manager, Senior Counsel of The Dreyfus Corporation with insurance responsibilities or Counsel of The Dreyfus Corporation with insurance responsibilities, shall give the Underwriter written notice thereof and shall also within six months after such discovery furnish to the Underwriter affirmative proof of loss with full particulars. If claim is made under this bond for loss of securities or shares, the Underwriter shall not be liable unless each of such securities or shares is identified in such proof of loss by a certificate or bond number or, where such securities or shares are uncertificated, by such identification means as agreed to by the Underwriter. The Underwriter shall have thirty days after notice and proof of loss within which to investigate the claim, but where the loss is clear and undisputed, settlement shall be made within forty-eight hours; and this shall apply notwithstanding the loss is made up wholly or in part of securities of which duplicates may be obtained. Legal proceedings for recovery of any loss hereunder shall not be brought prior to the expiration of sixty days after such proof of loss is filed with the Underwriter nor after the expiration of twenty-four months from the discovery of such loss, except that any action or proceeding to recover hereunder on account of any judgment against the Insured in any suit mentioned in General Agreement C or to recover attorneys' fees paid in any such suit, shall be begun within twenty-four months from the date upon which the judgment in such suit shall become final. If any limitation embodied in this bond is prohibited by any law controlling the construction hereof, such limitation shall be deemed to be amended so as to be equal to the minimum period of limitation permitted by such law.

Discovery occurs when the BNY Mellon Insurance Manager, Senior Counsel of The Dreyfus Corporation with insurance responsibilities or Counsel of The Dreyfus Corporation with insurance responsibilities

© All rights reserved
END 25

2-14057

MNSCPT

	ENDORSEMENT# 25		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(a)	becomes aware of facts, or
(b)	receives written notice of an actual or potential claim by a third party which alleges that the Insured is liable under circumstance

which would cause a reasonable person to assume that a loss covered by the bond has been or will be incurred even though the exact amount or details of loss may not be then known.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 25

2-14057
MNSCPT

	ENDORSEMENT# 26
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 5, VALUATION OF PROPERTY

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 5. VALUATION OF PROPERTY is amended by adding the following paragraph:

Any loss of money, or loss payable in money, shall be paid, at the option of the Insured, in the money of the country in which the loss was sustained or in the United States of America dollar equivalent thereof as determined at the rate of exchange as published in the Wall Street Journal at the time of discovery of loss.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 26

2-14057
MNSCPT

	ENDORSEMENT# 27
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 11. OTHER INSURANCE

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 11. OTHER INSURANCE is deleted in its entirety and replaced with the following:

If the Insured shall hold, as indemnity against any loss covered hereunder, any valid and enforceable insurance or suretyship, the Underwriter shall be liable hereunder only for such amount of such loss which is excess of the amount of such other insurance or suretyship but will remain primary to the Comprehensive Crime Bond program of The Bank of New York Mellon Corporation led by primary bond FINFW1600441 (12/01/2016 to 12/01/2017) including renewals and replacements thereof.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 27

2-14057
MNSCPT

	ENDORSEMENT# 28
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

CANCELLATION AMENDATORY- RETURN PRO- RATA

Wherever used herein: (1) "Policy" means the policy or bond to which this endorsement or rider is made part of; (2)"Insurer" means the "Insurer," "Underwriter," "Company" or other name specifically ascribed in this Policy as the insurance company or underwriter for this Policy; (3) "Named Entity" means the "Named Entity," "Named Corporation," Named Organization," "Named Sponsor," "Named Insured," "First Named Insured," "Insured's Representative," "Policyholder" or equivalent term stated in Item 1 of the Declarations; and (4) "Period" means the "Policy Period," "Bond Period" or equivalent term stated in the Declarations.

In consideration of the premium charged, it is hereby understood and agreed that notwithstanding anything to the contrary in any CANCELLATION or TERMINATION clause of this Policy (and any endorsement or rider amending such cancellation or termination clause, including but not limited to any state cancellation/non-renewal amendatory attached to this policy), if this Policy shall be canceled by the Named Entity, the Insurer shall return to the Named Entity the unearned pro rata proportion of the premium as of the effective date of cancellation.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved
END 28

2-14057

101036 (04/09)

	ENDORSEMENT# 29
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 13, TERMINATION

In consideration of the premium charged, it is hereby understood and agreed that SECTION 13. TERMINATION is deleted in its entirety and replaced with the following:

SECTION 13. TERMINATION

The Underwriter may terminate this bond as an entirety by furnishing written notice specifying the termination date which cannot be prior to 60 days after the receipt of such written notice by each Investment Company named as Insured and the Securities and Exchange Commission, Washington, D.C. The Insured may terminate this bond as an entirety by furnishing written notice to the Underwriter. When the Insured cancels, the Insured shall furnish written notice to the Securities and Exchange Commission, Washington. D.C. prior to 60 days before the effective date of the termination. The Underwriter shall notify all other Investment Companies named as Insured of the receipt of such termination notice and the termination cannot be effective prior to 60 days after receipt of written notice by all other Investment Companies. Premiums are earned until the termination date as set forth herein.

This Bond will terminate as to any one Insured immediately upon taking over of such Insured by a receiver or other liquidator or by State or Federal officials, or immediately upon the filing of a petition under any State or Federal statute relative to bankruptcy or reorganization of the Insured, or assignment for the benefit of creditors of the Insured or immediately upon such Insured ceasing to exist, whether through merger into another entity, or by disposition of all of its assets.

This Bond will terminate as to any registered management investment company upon the expiration of 60 days by the Insured, or 60 days, if by the Underwriter, after written notice has been given to the Securities and Exchange Commission, Washington D.C.

This Bond shall terminate

(a)      as to any Employee as soon as the BNY Mellon Insurance Manager, Senior Counsel of The Dreyfus Corporation with insurance responsibilities or Counsel of The Dreyfus Corporation with insurance responsibilities, not in collusion with such Employee, shall learn of any dishonest or fraudulent act(s), including Larceny or Embezzlement on the part of such Employee without prejudice to the loss of any Property then in transit in the custody of such Employee (See Section 16[d]), or

© All rights reserved
END 29

2-14057

MNSCPT

	ENDORSEMENT# 29		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(b)	as to any Employee 60 days after receipt by each Insured and by the
	Securities and Exchange Commission of a written notice from the
	Underwriter of its desire to terminate this bond as to such Employee, or
(c)	as to any person, who is a partner, officer or employee of any
	Electronic Data Processor covered under this bond, from and after the
	time that The BNY Mellon Insurance Manager, Senior Counsel of The
	Dreyfus Corporation with insurance responsibilities or Counsel of The
	Dreyfus Corporation with insurance responsibilities not in collusion
	with such person shall have knowledge or information that such
	person has committed any dishonest or fraudulent act(s), including
	Larceny or Embezzlement in the service of the Insured or otherwise,
	whether such act be committed before or after the time this bond is
	effective.
(d)	In the event that the BNY Mellon Insurance Manager, Senior Counsel of
	The Dreyfus Corporation with		insurance responsibilities or Counsel of
	The Dreyfus Corporation with		insurance responsibilities learns of a prior
	dishonest	or fraudulent act committed by a current or
	prospective Employee, provided the amount involved is less than
	$10,000, the coverage is automatically reinstated provided that the
	BNY Mellon Insurance Manager, Senior Counsel of The Dreyfus
	Corporation with insurance responsibilities or Counsel of The Dreyfus
	Corporation with insurance responsibilities unanimously agree in
	writing to the reinstatement.

Notwithstanding anything set forth above, the Underwriter agrees that this bond shall continue to apply in respect of those Employees for whom a written waiver of a prior dishonest or fraudulent act was granted under any prior bond.

For the purpose of this endorsement, the following definition is added:

Prior dishonest or fraudulent act: an act which shows a want of integrity or breach of trust, including but not limited to an act in disregard of an employer's interest.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 29

2-14057

MNSCPT

	ENDORSEMENT# 30
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 15, CENTRAL HANDLING OF SECURITIES

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 15. CENTRAL HANDLING OF SECURITIES is deleted in its entirety and replaced with the following:

SECTION 15. CENTRAL HANDLING OF SECURITIES

Securities included in the systems for the central handling of securities established and maintained by Depository Trust Company, Midwest Depository Trust Company, Pacific Securities Depository Trust Company, and Philadelphia Depository Trust Company, or any similar recognized depository, hereinafter called Corporations, to the extent of the Insured's interest therein as effective by the making of appropriate entries on the books and records of such Corporations shall be deemed to be Property.

The words "Employee" and "Employees" shall be deemed to include the officers, partners, clerks and other employees of the New York Stock Exchange, Boston Stock Exchange, Midwest Stock Exchange, Pacific Stock Exchange and Philadelphia Stock Exchange, or any similar recognized exchange, hereinafter called Exchanges, and of the above named Corporations, and of any nominee in whose name is registered any security included within the systems for the central handling of securities established and maintained by such Corporations, and any employee of any recognized service company, while such officers, partners, clerks and other employees and employees of service companies perform services for such Corporations in the operation of such systems. For the purpose of the above definition a recognized service company shall be any company providing clerks or other personnel to said Exchanges or Corporation on a contract basis.

The Underwriter shall not be liable on account of any loss(es) in connection with the central handling of securities within the systems established and maintained by such Corporations, unless such loss(es) shall be in excess of the amount(s) recoverable or recovered under any bond or policy of insurance indemnifying such Corporations, against such loss(es), and then the Underwriter shall be liable hereunder only for the Insured's share of such excess loss(es), but in no event for more than the Limit of Liability applicable hereunder.

For the purpose of determining the Insured's share of excess loss(es) it shall be deemed that the Insured has an interest in any certificate representing any security included within such systems equivalent to the interest the Insured then has in all certificates representing the same security included within such systems and that such Corporations shall use their best judgment in apportioning the amount(s) recoverable or recovered under any bond or

© All rights reserved.
END 30

2-14057

MNSCPT

	ENDORSEMENT# 30		(Continued
This endorsement, effective 12:01 AM		January 31, 2017		forms a part of
policy number 08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

policy of insurance indemnifying such Corporations against such loss(es) in connection with the central handling of securities within such systems among all those having an interest as recorded by appropriate entries in the books and records of such Corporations in Property involved in such loss(es) on the basis that each such interest shall share in the amount(s) so recoverable or recovered in the ratio that the value of each such interest bears to the total value of all such interests and that the Insured's share of such excess loss(es) shall be the amount of the Insured's interest in such Property in excess of the amount(s) so apportioned to the Insured by such Corporations.

This bond does not afford coverage in favor of such Corporations or Exchanges or any nominee in whose name is registered any security included within the systems for the central handling of securities established and maintained by such Corporations, and upon payment to the Insured by the Underwriter on account of any loss(es) within the systems, an assignment of such of the Insured's rights and causes of action as it may have against such Corporations or Exchanges shall to the extent of such payment, be given by the Insured to the Underwriter, and the Insured shall execute all papers necessary to secure to the Underwriter the rights provided for herein.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 30

2-14057
MNSCPT

	ENDORSEMENT# 31
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 16, (D)

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED is deleted in its entirety and replaced with the following:

SECTION 16. ADDITIONAL COMPANIES INCLUDED AS INSURED

If more than one corporation, co-partnership or person or any combination of them be included as the Insured herein:

(a)	the total liability of the Underwriter hereunder for loss or losses sustained by any one or more or all of them shall not exceed the limit for which the Underwriter would be liable hereunder if all such loss were sustained by any one of them,
(b)	the one first named herein shall be deemed authorized to make, adjust and receive and enforce payment of all claims hereunder and shall be deemed to be the agent of the others for such purposes and for the giving or receiving of any notice required or permitted to be given by the terms hereof, provided that the Underwriter shall furnish each named Investment Company with a copy of the bond and with any amendment thereto, together with a copy of each formal filing of the settlement of each such claim prior to the execution of such settlement,
(c)	the Underwriter shall not be responsible for the proper application of any payment made hereunder to said first named Insured,
(d)	knowledge possessed or discovery made by The BNY Mellon Insurance Manager, Senior Counsel of The Dreyfus Corporation with insurance responsibilities or Counsel of The Dreyfus Corporation with insurance responsibilities shall for the purposes of Section 4 and Section 13 of this bond constitute knowledge or discovery by all the Insured, and
(e)	if the first named Insured ceases for any reason to be covered under this bond, then the Insured next named shall thereafter be considered as the first named Insured for the purposes of this bond.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 31

2-14057
MNSCPT

	ENDORSEMENT# 32
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMEND SECTION 17- NOTICE AND CHANGE OF CONTROL

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 17. NOTICE AND CHANGE OF CONTROL is deleted in its entirety and replaced with the following:

SECTION 17. NOTICE AND CHANGE OF CONTROL

Upon (i) The BNY Mellon Insurance Manager; (ii) Senior Counsel of The Dreyfus Corporation with insurance responsibilities; or (iii) Counsel of The Dreyfus Corporation with insurance responsibilities, obtaining knowledge of a transfer of its outstanding voting securities which results in a change in control (as set forth in Section 2(a) (9) of the Investment Company Act of 1940) of the Insured, the Insured shall within sixty (60) days of such knowledge give written notice to the Underwriter setting forth:

(a)	the names of the transferors and transferees (or the names of the beneficial owners if the voting securities are requested in another name), and
(b)	the total number of voting securities owned by the transferors and the transferees (or the beneficial owners), both immediately before and after the transfer, and
(c)	the total number of outstanding voting securities.

As used in this section, control means the power to exercise a controlling influence over the management or policies of the Insured.

Failure to give the required notice shall result in termination of coverage of this bond, effective upon the date of stock transfer for any loss in which any transferee is concerned or implicated.

Such notice is not required to be given in the case of an Insured which is an Investment Company.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 32

2-14057
MNSCPT

	ENDORSEMENT# 33
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

CLAIM EXPENSE ENDORSEMENT

In consideration of the premium charged, it is hereby understood and agreed that the bond is amended by adding Insuring Agreement (J) to the bond as follows:

CLAIMS EXPENSE

(J)

Reasonable expenses (excluding the cost of services rendered by employees of the Insured) necessarily incurred and paid by the Insured in preparing any valid claim for loss, as defined in Insuring Agreements A, B, C, D, E, F, G, H, and I and any other valid coverage added by rider, which loss exceeds the Single Loss Deductible Amount of $50,000. If no loss is established hereunder, then the Insured will bear all such expenses. The Underwriter's maximum liability for such expenses paid by the Insured in preparing any one such claim shall be limited to $100,000 which is part of, and not in addition to, the Aggregate Limit of Liability stated on the Declaration Page of this bond. There shall be no coverage hereunder for any expenses arising out of any legal dispute, suit or arbitration with the Underwriter.

This coverage is subject to a deductible of $10,000 each and every loss.

Solely for the purpose of the coverage afforded by this rider, Section 2. EXCLUSIONS, paragraph (k) is hereby deleted in its entirety.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 33

2-14057
MNSCPT

	ENDORSEMENT# 34
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

UNAUTHORIZED SIGNATURES

It is agreed that:

1.      The INSURING AGREEMENTS Clause of the attached bond is amended by adding the following additional Insuring Agreement to the end thereof:

UNAUTHORIZED SIGNATURES

Loss resulting directly from the Insured having accepted, paid or cashed any check or withdrawal order made or drawn on a customer's account which bears the signature or endorsement of one other than a person whose name and signature is on file with the Insured as an authorized signatory on such account.

It shall be a condition precedent to the Insured's right of recovery under this Insuring Agreement that the Insured shall have on file signatures of all persons who are authorized signatories on such account.

2.	The Underwriter's Aggregate Liability under this Unauthorized Signatures Insuring Agreement shall be $100,000, which shall be part of, not in addition to, the Aggregate Liability stated in the Declarations. A deductible amount of $10,000 shall apply to each and every loss under this Unauthorized Signatures Insuring Agreement.
3.	Nothing contained here shall be held to vary, alter, waive or extend any of the terms, limitations, conditions, or agreements of the attached bond other than as above stated.

© All rights reserved.
END 34

2-14057
MNSCPT

	ENDORSEMENT# 35
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

PROTECTED INFORMATION EXCLUSION
(CARVEBACK)

This endorsement modifies insurance provided under the following:

EXCESS EDGE
FOLLOW FORM BOND
BROKER-DEALER GUARD
INVESTMENT COMPANY BLANKET BOND

In consideration of the premium charged, it is hereby understood and agreed that this policy does not cover loss resulting directly or indirectly from the: (i) "theft," disappearance or destruction of; (ii) unauthorized use or disclosure of; (iii) unauthorized access to; or (iv) failure to protect any:

(1)	confidential or non-public; or
(2)	personal or personally identifiable;

information that any person or entity has a duty to protect under any law, rule or regulation, any agreement or any industry guideline or standard.

This exclusion shall not apply to loss of any money, securities or tangible property:

(a)	owned by the Insured;
(b)	held by the Insured in any capacity; or
(c)	owned and held by someone else under circumstances which make the Insured responsible for the Property prior to the occurrence of the loss;

that was the subject of a theft, disappearance, damage or destruction resulting directly from the unauthorized use or disclosure of such information.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

© All rights reserved.
END 35

2-14057
115903 (10/13)

	ENDORSEMENT# 36
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

OMNIBUS NAMED

It is agreed that:

1.      The Insured in Item 1 of the Declaration under the attached Bond is amended and provided such amendment is permitted by law to include:

Any interest now or hereafter owned or controlled by the Insured, provided any such interest so included as Insured under this bond by reason of this rider must be more than 50% owned or controlled by the Insured and subject to the provisions of General Agreement A as amended.

2.

Any entity set forth in the list of investment companies submitted to Underwriter as of the bond's effective date any any investment company now existing or hereafter created or acquired during the Bond Period, which is advised, sub-advised and/or administered by The Dreyfus Corporation or any entity now or hereafter majority owned or management controlled by The Dreyfus Corporation, subject to General Agreement A shall be added to the attached bond as an additional joint Insured. As used herein, the term "majority owned" shall mean ownership of greater than 50 percent of the total equity interest of such entity and the term "management control" shall mean the right to elect, appoint or designate a majority of the board of directors, management committee or management board of an entity that is not majority owned.

3.

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations, conditions or agreements of the attached bond other than as above stated.

© All rights reserved.
END 36

2-14057
MNSCPT

	ENDORSEMENT# 37
This endorsement, effective 12:01 AM		January 31, 2017	forms a part of
policy number 08-073-72-57
issued to	THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AUTOMATIC FUND COVERAGE AND LIMIT INCREASE RIDER

In consideration of the premium charged, it is hereby understood and agreed that:

1.	If the Insured shall, while this bond is in force, establish any new funds other than by consolidation or merger with, purchase or acquisition of assets or liabilities of, another institution, such funds shall automatically be covered hereunder from the date of such establishment without the payment of additional premium for the remainder of the premium period.
2.	If the Insured shall, while this bond is in force, require an increase in limits to comply with SEC Rule 17g-1 of the Investment Company Act of 1940, due to an increase in asset size of current funds insured under the bond or by the addition of new funds, then such increase in limits shall automatically be covered hereunder from the date of such increase without the payment of additional premium for the remainder of the premium period.
3.	Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, limitations conditions or agreements of the attached bond other than as above stated.

© All rights reserved.
END 37

2-14057
MNSCPT

This endorsement, effective 12:01 AM			January 31, 2017	forms a part of
policy number		08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

FORMS INDEX ENDORSEMENT

The contents of the Policy is comprised of the following forms:

	EDITION
FORM NUMBER	DATE	FORM TITLE
41205	04/95	Investment Company Blanket Bond Dec Page
41206	09/84	Investment Company Blanket Bond guts
83231	01/09	NEW YORK LAW 3420 AMENDATORY ENDORSEMENT
99758	08/08	NOTICE OF CLAIM (REPORTING BY E-MAIL)
119679	09/15	ECONOMIC SANCTIONS ENDORSEMENT
SR6180b	04/88	NEW YORK STATUTORY RIDER/ENDORSEMENT
MNSCPT		VOICE INITIATED TRANSFER FRAUD
MNSCPT		TELEFACSIMILE TRANSFER FRAUD
MNSCPT		AUTOMATED TELEPHONE TRANSACTIONS
MNSCPT		AMENDED FIDELITY AGREEMENT
MNSCPT		DESTRUCTION OF DATA BY VIRUS
MNSCPT		DESTRUCTION OF DATA BY HACKER
MNSCPT		COMPUTER SYSTEMS FRAUD INSURING AGREEMENT
MNSCPT		AMENDED AUDIT EXPENSE
MNSCPT		AMENDED COUNTERFEIT CURRENCY
MNSCPT		AMENDED FORGERY OR ALTERATIONS
MNSCPT		AMENDED CHANGE OF CONTROL NOTICE
MNSCPT		THIRD PARTY CHECK EXCLUSION
MNSCPT		EXTENDED COMPUTER SYSTEMS RIDER
MNSCPT		DEFINITION OF EMPLOYEE AMENDED
MNSCPT		AMEND INSURING AGREEMENT (I) UNCOLLECTIBLE ITEMS OF DEPOSIT
MNSCPT		AMEND GENERAL AGREEMENT A- 15%
MNSCPT		AMEND SECTION 1, DEFINITIONS, PROPERTY

2-14057

END 38

Page 1 of 2

This endorsement, effective 12:01 AM			January 31, 2017	forms a part of
policy number		08-073-72-57
issued to THE DREYFUS FUND INCORPORATED
	(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT)
by	National Union Fire Insurance Company of Pittsburgh, Pa.

FORMS INDEX ENDORSEMENT

2-14057

78859 (10/01)

END 38

Page 2 of 2

 

Send Notice of Claims to:	AIG	Phone:	(888) 602- 5246
	Financial Lines Claims	Fax:	(866) 227- 1750
	P.O. Box 25947	Email:	c- Claim@AIG.com
	Shawnee Mission, KS 66225

Send Notice Of Claims To:	AIG	Phone:	(888) 602- 5246
	Financial Lines Claims	Fax:	(866) 227- 1750
	P.O. Box 25947	Email:	c- Claim@AIG.com
	Shawnee Mission, KS 66225

EX-99

MARSH USA, INC
ATTN:	Maria Cardona
1166 AVE OF AMERICAS 37F
NEW YORK, NY 10036
INSURED:		THE DREYFUS FUND INCORPORATED
PRODUCT:		DFIBond
POLICY NO:		82307667
TRANSACTION:		RENL

	Chubb Group of Insurance Companies				DECLARATIONS
					FINANCIAL INSTITUTION
	15 Mountain View Road, Warren, New Jersey 07059				EXCESS BOND FORM E
NAME OF ASSURED:					Bond Number: 82307667
THE DREYFUS FUND INCORPORATED					FEDERAL INSURANCE COMPANY
					Incorporated under the laws of Indiana,
200 PARK AVENUE					a stock insurance company, herein called the COMPANY
NEW YORK, NY 10166
					Capital Center, 251 North Illinois, Suite 1100
					Indianapolis, IN 46204-1927
ITEM 1.	BOND PERIOD:	from		12:01 a.m. on January 31, 2017
		to		12:01 a.m. on January 31, 2018
ITEM 2.	AGGREGATE LIMIT OF LIABILITY: $0
ITEM 3.	SINGLE LOSS LIMIT OF LIABILITY:$15,000,000
ITEM 4.	DEDUCTIBLE AMOUNT: $ See Endorsement No. 2
ITEM 5.	PRIMARY BOND:
	Insurer:			National Union Fire Insurance Company of Pittsburgh, Pa
	Form and Bond No.			Investment Company Blanket Bond / Bond No. 08-073-72-57
	Limit		$	10,000,000
	Deductible:		$	50,000
	Bond Period:			January 31, 2017 - January 31, 2018
ITEM 6.	COVERAGE EXCEPTIONS TO PRIMARY BOND:
	NOTWITHSTANDING ANY COVERAGE PROVIDED BY THE PRIMARY BOND, THIS EXCESS BOND
	DOES NOT DIRECTLY OR INDIRECTLY COVER: None
ITEM 7.	TOTAL OF LIMITS OF LIABILITY OF OTHER UNDERLYING BONDS, EXCESS OF PRIMARY BOND:
ITEM 8.	THE LIABILITY OF THE COMPANY IS ALSO SUBJECT TO THE TERMS OF THE FOLLOWING
	ENDORSEMENTS EXECUTED SIMULTANEOUSLY HEREWITH:
	1 - 6
IN WITNESS WHEREOF, THE COMPANY issuing this Bond has caused this Bond to be signed by its authorized
officers, but it shall not be valid unless also signed by a duly authorized representative of the Company.

	The COMPANY, in consideration of the required premium, and in reliance on the
	statements and information furnished to the COMPANY by the ASSURED, and subject
	to the DECLARATIONS made a part of this bond and to all other terms and conditions of
	this bond, agrees to pay the ASSURED for:
Insuring Clause	Loss which would have been paid under the Primary Bond but for the fact the loss
	exceeds the Deductible Amount.
	Coverage under this bond shall follow the terms and conditions of the Primary Bond,
	except with respect to:
	a.	The coverage exceptions in ITEM 6. of the DECLARATIONS; and
	b.	The limits of liability as stated in ITEM 2. and ITEM 3. of the DECLARATIONS.
	With respect to the exceptions stated above, the provisions of this bond shall apply.
General Agreements
Change Or Modification	A.	If after the inception date of this bond the Primary Bond is changed or modified,
Of Primary Bond		written notice of any such change or modification shall be given to the COMPANY
		as soon as practicable, not to exceed thirty (30) days after such change or
		modification, together with such information as the COMPANY may request. There
		shall be no coverage under this bond for any loss related to such change or
		modification until such time as the COMPANY is advised of and specifically agrees
		by written endorsement to provide coverage for such change or modification.
Representations Made	B.	The ASSURED represents that all information it has furnished to the COMPANY
By Assured		for this bond or otherwise is complete, true and correct. Such information
		constitutes part of this bond.
		The ASSURED must promptly notify the COMPANY of any change in any fact or
		circumstance which materially affects the risk assumed by the COMPANY under
		this bond.
		Any misrepresentation, omission, concealment or incorrect statement of a material
		fact by the ASSURED to the COMPANY shall be grounds for recision of this bond.
Notice To Company Of	C.	The ASSURED shall notify the COMPANY at the earliest practical moment, not to
Legal Proceedings Against		exceed thirty (30) days after the ASSURED receives notice, of any legal
Assured - Election To		proceeding brought to determine the ASSURED’S liability for any loss, claim or
Defend		damage which, if established, would constitute a collectible loss under this bond or
		any of the Underlying Bonds. Concurrent with such notice, and as requested
		thereafter, the ASSURED shall furnish copies of all pleadings and pertinent papers
		to the COMPANY.

Excess Bond (7-92) R
Form 17-02-0842 (Ed. 7-92) R	Page 1 of 5

General Agreements
Notice To Company Of			If the COMPANY elects to defend all or part of any legal proceeding, the court
Legal Proceedings Against			costs and attorneys’ fees incurred by the COMPANY and any settlement or
Assured - Election To			judgment on that part defended by the COMPANY shall be a loss under this bond.
Defend			The COMPANY’S liability for court costs and attorneys’ fees incurred in defending
(continued)			all or part of such legal proceeding is limited to the proportion of such court costs
			and attorneys’ fees incurred that the amount recoverable under this bond bears to
			the amount demanded in such legal proceeding.
			If the COMPANY declines to defend the ASSURED, no settlement without the prior
			written consent of the COMPANY or judgment against the ASSURED shall
			determine the existence, extent or amount of coverage under this bond, and the
			COMPANY shall not be liable for any costs, fees and expenses incurred by the
			ASSURED.
Conditions And
Limitations
Definitions	1	.	As used in this bond:
			a.	Deductible Amount means the amount stated in ITEM 4. of the
				DECLARATIONS. In no event shall this Deductible Amount be reduced for
				any reason, including but not limited to, the non-existence, invalidity,
				insufficiency or uncollectibility of any of the Underlying Bonds, including the
				insolvency or dissolution of any Insurer providing coverage under any of the
				Underlying Bonds.
			b.	Primary Bond means the bond scheduled in ITEM 5. of the
				DECLARATIONS or any bond that may replace or substitute for such bond.
			c.	Single Loss means all covered loss, including court costs and attorneys’
				fees incurred by the COMPANY under General Agreement C., resulting from:
				(1	)	any one act of burglary, robbery or attempt either, in which no
						employee of the ASSURED is implicated, or
				(2	)	any one act or series of related acts on the part of any person resulting
						in damage to or destruction or misplacement of property, or
				(3	)	all acts other than those specified in c.(1) and c.(2), caused by any
						person or in which such person is implicated, or
				(4	)	any one event not specified above, in c.(1), c.(2) or c.(3).
			d.	Underlying Bonds means the Primary Bond and all other insurance
				coverage referred to in ITEM 7. of the DECLARATIONS.

Excess Bond (7-92)
Form 17-02-0842 (Ed. 7-92)	Page 2 of 5

Conditions And
Limitations
(continued)
Limit Of Liability	2	.	The COMPANY’S total cumulative liability for all Single Losses of all ASSUREDS
			discovered during the BOND PERIOD shall not exceed the AGGREGATE LIMIT
			OF LIABILITY as stated in ITEM 2. of the DECLARATIONS. Each payment made
Aggregate Limit Of			under the terms of this bond shall reduce the unpaid portion of the AGGREGATE
Liability			LIMIT OF LIABILITY until it is exhausted.
			On exhausting the AGGREGATE LIMIT OF LIABILITY by such payments:
			a.	the COMPANY shall have no further liability for loss or losses regardless of
				when discovered and whether or not previously reported to the COMPANY,
				and
			b.	the COMPANY shall have no obligation under General Agreement C. to
				continue the defense of the ASSURED, and on notice by the COMPANY to
				the ASSURED that the AGGREGATE LIMIT OF LIABILITY has been
				exhausted, the ASSURED shall assume all responsibility for its defense at its
				own cost.
	The unpaid portion of the AGGREGATE LIMIT OF LIABILITY shall not be increased or
	reinstated by any recovery made and applied in accordance with Section 4. In the event
	that a loss of property is settled by indemnity in lieu of payment, then such loss shall not
	reduce the unpaid portion of the AGGREGATE LIMIT OF LIABILITY.
Single Loss Limit Of	The COMPANY’S liability for each Single Loss shall not exceed the SINGLE LOSS
Liability	LIMIT OF LIABILITY as stated in ITEM 3. of the DECLARATIONS or the unpaid portion
	of the AGGREGATE LIMIT OF LIABILITY, whichever is less.
Discovery	3	.	This bond applies only to loss first discovered by the ASSURED during the BOND
			PERIOD. Discovery occurs at the earlier of the ASSURED being aware of:
			a.	facts which may subsequently result in a loss of a type covered by this bond,
				or
			b.	an actual or potential claim in which it is alleged that the ASSURED is liable
				to a third party,
			regardless of when the act or acts causing or contributing to such loss occurred,
			even though the amount of loss does not exceed the applicable Deductible
			Amount, or the exact amount or details of loss may not then be known.
Subrogation-Assignment-	4	.	In the event of a payment under this bond, the COMPANY shall be subrogated to
Recovery			all of the ASSURED’S rights of recovery against any person or entity to the extent
			of such payments. On request, the ASSURED shall deliver to the COMPANY an
			assignment of the ASSURED’S rights, title and interest and causes of action
			against any person or entity to the extent of such payment.

Excess Bond (7-92)
Form 17-02-0842 (Ed. 70-2)	Page 3 of 5

Conditions And
Limitations
Subrogation-Assignment-			Recoveries, whether effected by the COMPANY or by the ASSURED, shall be
Recovery			applied net of the expense of such recovery, first, to the satisfaction of the
(continued)			ASSURED’S loss which would otherwise have been paid but for the fact that it is in
			excess of the AGGREGATE LIMIT OF LIABILITY, second, to the COMPANY in
			satisfaction of amounts paid in settlement of the ASSURED’S claim and third, to
			the ASSURED in satisfaction of the DEDUCTIBLE AMOUNT. Recovery from
			reinsurance and/or indemnity of the COMPANY shall not be deemed a recovery
			under this Section.
Cooperation Of Assured	5	.	At the COMPANY’S request and at reasonable times and places designated by the
			COMPANY the ASSURED shall:
			a.	submit to examination by the COMPANY and subscribe to the same under
				oath, and
			b.	produce for the COMPANY’S examination all pertinent records, and
			c.	cooperate with the COMPANY in all matters pertaining to the loss.
			The ASSURED shall execute all papers and render assistance to secure to the
			COMPANY the rights and causes of action provided for under this bond. The
			ASSURED shall do nothing after loss to prejudice such rights or causes of action.
Termination	6	.	This bond terminates as an entirety on the earliest occurrence of any of the
			following:
			a.	sixty (60) days after the receipt by the ASSURED of a written notice from the
				COMPANY of its decision to terminate this bond, or
			b.	immediately on the receipt by the COMPANY of a written notice from the
				ASSURED of its decision to terminate this bond, or
			c.	immediately on the appointment of a trustee, receiver or liquidator to act on
				behalf of the ASSURED, or the taking over of the ASSURED by State or
				Federal officials, or
			d.	immediately on the dissolution of the ASSURED, or
			e.	immediately on exhausting the AGGREGATE LIMIT OF LIABILITY, or
			f.	immediately on expiration of the BOND PERIOD, or
			g.	immediately on cancellation, termination or recision of the Primary Bond.
Conformity	7	.	If any limitation within this bond is prohibited by any law controlling this bond’s
			construction, such limitation shall be deemed to be amended so as to equal the
			minimum period of limitation provided by such law.

Excess Bond (7-92)
Form 17-02-0842 (Ed. 7-92)	Page 4 of 5

Conditions And
Limitations
(continued)
Change Or Modification	8	.	This bond or any instrument amending or affecting this bond may not be changed
Of This Bond			or modified orally. No change in or modification of this bond shall be effective
			except when made by written endorsement to this bond signed by an Authorized
			Representative of the COMPANY.

Excess Bond (7-92)
Form 17-02-0842 (Ed. 70-2)	Page 5 of 5

IMPORTANT NOTICE TO POLICYHOLDERS

All of the members of the Chubb Group of Insurance companies doing business in the United

States (hereinafter “Chubb”) distribute their products through licensed insurance brokers and agents

(“producers”). Detailed information regarding the types of compensation paid by Chubb to producers on

US insurance transactions is available under the Producer Compensation link located at the bottom of the

page at www.chubb.com, or by calling 1-866-588-9478. Additional information may be available from your

producer.

Thank you for choosing Chubb.

10-02-1295 (ed. 6/2007)

POLICYHOLDER

DISCLOSURE NOTICE OF

TERRORISM INSURANCE COVERAGE

(for policies with no terrorism exclusion or sublimit)

Insuring Company: FEDERAL INSURANCE

COMPANY

You are hereby notified that, under the Terrorism Risk Insurance Act (the “Act”), this

policy makes available to you insurance for losses arising out of certain acts of terrorism.

Terrorism is defined as any act certified by the Secretary of the Treasury of the United

States, to be an act of terrorism; to be a violent act or an act that is dangerous to human

life, property or infrastructure; to have resulted in damage within the United States,

or outside the United States in the case of an air carrier or vessel or the premises of a

United States Mission; and to have been committed by an individual or individuals as part

of an effort to coerce the civilian population of the United States or to influence the policy

or affect the conduct of the United States Government by coercion.

You should know that the insurance provided by your policy for losses caused by acts of

terrorism is partially reimbursed by the United States under the formula set forth in the

Act. Under this formula, the United States pays 85% of covered terrorism losses that

exceed the statutorily established deductible to be paid by the insurance company

providing the coverage. Beginning in 2016, the Federal share will be reduced by 1% per

year until it reaches 80%, where it will remain.

However, if aggregate insured losses attributable to terrorist acts certified under the Act

exceed $100 billion in a calendar year, the Treasury shall not make any payment for

any portion of the amount of such losses that exceeds $100 billion.

10-02-1281 (Ed. 03/2015)

If aggregate insured losses attributable to terrorist acts certified under the Act exceed

$100 billion in a calendar year and we have met our insurer deductible under the Act,

we shall not be liable for the payment of any portion of the amount of such losses that

exceeds $100 billion, and in such case insured losses up to that amount are subject to

pro rata allocation in accordance with procedures established by the Secretary of the

Treasury.

The portion of your policy’s annual premium that is attributable to insurance for such acts

of terrorism is: $ -0-.

If you have any questions about this notice, please contact your agent or broker.

10-02-1281 (Ed. 03/2015)

FEDERAL INSURANCE COMPANY
Endorsement No:	1
Bond Number:	82307667
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED
NAME OF ASSURED ENDORSEMENT
It is agreed that the NAME OF ASSURED in the DECLARATIONS is amended to read as follows:
THE DREYFUS FUND INCORPORATED
(AND OTHER INSUREDS INCLUDED BY ENDORSEMENT AS PER PRIMARY BOND)
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2017.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 13, 2017

Excess Bond
Form 17-02-0949 (Rev. 1-97)	Page 1

	FEDERAL INSURANCE COMPANY
	Endorsement No.	2
	Bond Number:	82307667
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED
AMENDED DEDUCTIBLE/DROP DOWN ENDORSEMENT
It is agreed that this bond is amended by deleting ITEM 4., DEDUCTIBLE AMOUNT of the
DECLARATIONS, in its entirety and substituting the following:
"ITEM 4. DEDUCTIBLE AMOUNT
a.	$50,000, plus any unpaid portion of the AGGREGATE LIMIT OF LIABILITY of the
	Underlying Bonds on the date of payment of any Single Loss under this bond.
b.	The ASSURED shall notify the COMPANY immediately of any payment made or intended
	to be made under any of the Underlying Bonds.
c.	This bond shall drop down but only by the amount paid under the Underlying Bonds."
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2017.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 13, 2017

					FEDERAL INSURANCE COMPANY
					Endorsement No.	3
					Bond Number:	82307667
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED
NEW YORK AMENDATORY ENDORSEMENT
It is agreed that this bond is amended as follows:
1	.	By deleting paragraph a. in its entirety from Section 6., Termination, and substituting the following:
		"a.	TERMINATION BY THE COMPANY
			BONDS IN EFFECT SIXTY (60) DAYS OR LESS
			If this bond has been in effect for less than sixty (60) days and if it is not a renewal bond, the
			COMPANY may terminate it for any reason by mailing or delivering to the ASSURED and to the
			authorized agent or broker, if any, written notice of termination at least twenty (20) days before
			the effective date of termination.
			The COMPANY may, however, terminate this bond by mailing or delivering to the ASSURED and
			to the authorized agent or broker, if any, written notice of termination at least fifteen (15) days
			before the effective date of termination if the COMPANY cancels for:
			(1	)	Nonpayment of premium;
			(2	)	Conviction of a crime arising out of acts increasing the hazard insured against;
			(3	)	Discovery of fraud or material misrepresentation in the obtaining of this bond or in the
					presentation of a claim thereunder;
			(4	)	Violation of any provision of this bond that substantially and materially increases the hazard
					insured against, and which occurred subsequent to inception of the current BOND
					PERIOD;
			(5	)	If applicable, material physical change in the property insured, occurring after issuance or
					last annual renewal anniversary date of this bond, which results in the property becoming
					uninsurable in accordance with the COMPANY's objective, uniformly applied underwriting
					standards in effect at the time this bond was issued or last renewed; or material change in
					the nature or extent of this bond occurring after issuance or last annual renewal anniversary
					date of this bond, which causes the risk of loss to be substantially and materially increased
beyond that contemplated at the time this bond was issued or last renewed;
			6	)	A determination by the Superintendent of Insurance that continuation of the present
					premium volume of the COMPANY would jeopardize the COMPANY's policyholders,
					creditors or the public, or continuing the bond itself would place the COMPANY in violation
					of any provision of the New York Insurance Code; or
			(7	)	Where the COMPANY has reason to believe, in good faith and with sufficient cause, that
					there is a probable risk or danger that the Property will be destroyed by the ASSURED for
					the purpose of collecting the insurance proceeds.

Excess Bond
Form 17-02-1067 (Rev. 9-93)	Page 1

					BONDS IN EFFECT MORE THAN SIXTY (60) DAYS
					If this bond has been in effect for sixty (60) days or more, or if it is a renewal of a bond
					issued by the COMPANY, it may be terminated by the COMPANY by mailing or delivering
					to the ASSURED and to the authorized agent or broker, if any, written notice of termination
					at least fifteen (15) days before the effective date of termination. Furthermore, when the
					bond is a renewal or has been in effect for sixty (60) days or more, the COMPANY may
					terminate only for one or more of the reasons stated in a. (1)-(7) above.
					NOTICE OF TERMINATION
					Notice of termination under this Section a. shall be mailed to the ASSURED and to the
					authorized agent or broker, if any, at the address shown on the DECLARATIONS of this
					bond. The COMPANY, however, may deliver any notice instead of mailing it.
					RETURN PREMIUM CALCULATIONS
					The COMPANY shall refund the unearned premium computed pro rata if this bond is
					terminated by the COMPANY."
2	.	It is further understood and agreed that for the purposes of Section 6., Termination, any occurrence
		listed in Parts (d), (e) or (f) of that Section shall be considered to be a request by the ASSURED to
		immediately terminate this bond.
3	.	By adding a new Section reading as follows:
		"Section 9. Election To Conditionally Renew / Nonrenew This Bond
		A.	CONDITIONAL RENEWAL
			If the COMPANY conditionally renews this bond subject to:
			1	.	Change of limits of liability;
			2	.	Change in type of coverage;
			3	.	Reduction of coverage;
			4	.	Increased deductible;
			5	.	Addition of exclusion; or
			6	.	Increased premiums in excess of 10%, exclusive of any premium increased due to and
					commensurate with insured value added; or as a result of experience rating, retrospective
					rating or audit; the COMPANY shall send notice as provided in B. NOTICES OF
					NONRENEWAL AND CONDITIONAL RENEWAL immediately below.
		B.	NOTICES OF NONRENEWAL AND CONDITIONAL RENEWAL
			1	.	If the COMPANY elects not to renew this bond, or to conditionally renew this bond as
					provided in Section A. herein, the COMPANY shall mail or deliver written notice to the
					ASSURED at least sixty (60) but not more than one hundred twenty (120) days before:
					(a)	The expiration date; or
					(b)	The anniversary date if this bond has been written for a term of more than one year.

Excess Bond
Form 17-02-1067 (Rev. 9-93)	Page 2

		2	.	Notice shall be mailed or delivered to the ASSURED at the address shown on the
				DECLARATIONS of this bond and the authorized agent or broker, if any. If notice is
				mailed, proof of mailing shall be sufficient proof of notice.
		3	.	Paragraphs 1. and 2. immediately above shall not apply when the ASSURED, authorized
				agent or broker, or another insurer has mailed or delivered written notice to the COMPANY
				that the bond has been replaced or is no longer desired."
4	.	By adding a new Section reading as follows:
		"Section 10. Other Insurance
		If there is any other valid and collectible insurance which would apply in whole or in part in the absence
		of this bond, then the COMPANY shall not be liable under this bond for a greater proportion of any loss
		than the proportion that the available limit of liability under this bond bears to the total applicable limit of
		liability of all valid and collectible insurance against such loss."
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2017.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 13, 2017

Excess Bond
Form 17-02-1067 (Rev. 9-93)	Page 3

			ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2017		FEDERAL INSURANCE COMPANY
		Endorsement/Rider No.	4
		To be attached to and
		form a part of Bond No.	82307667
Issued to: THE DREYFUS FUND INCORPORATED
AMENDING REPRESENTATIONS MADE BY ASSURED ENDORSEMENT
In consideration of the premium charged, it is agreed that this bond is amended by deleting in its entirety General
Agreement B., Representations Made By Assured, and substituting the following:
B.	The ASSURED represents that all information it has furnished to the COMPANY for this bond or otherwise
	is complete, true and correct. Such information constitutes part of this bond.
	Any intentional misrepresentation, omission, concealment or incorrect statement of a material fact by the
	ASSURED to the COMPANY shall be grounds for rescission of this bond.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.

Q08-393 (02/2008)

Page 1

				ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2017			FEDERAL INSURANCE COMPANY
			Endorsement/Rider No.	5
			To be attached to and
			form a part of Bond No.	82307667
Issued to: THE DREYFUS FUND INCORPORATED
FOLLOW FORM ENDORSEMENT
In consideration of the premium charged, it is agreed that:
(1	)	Coverage under this bond shall only apply in conformance with the terms and conditions of the following
		endorsements of the Primary Bond.
(2	)	Accordingly, no coverage will be available for the Coverage Exceptions to the Primary Bond set forth in
		ITEM 6., of the DECLARATIONS of this bond, and such exceptions shall be inapplicable to this bond.
		The Company shall not be liable to the ASSURED or to any other person or entity claiming through or in
		the name or right of the ASSURED for any loss or other liability based on, arising out of, directly or
		indirectly resulting from, in consequence of, or in any way involving the coverage otherwise afforded in
		such Coverage Exceptions.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms
and conditions of coverage.
All other terms, conditions and limitations of this Bond shall remain unchanged.

Q09-688 (04/2009)

Page 1

	ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2017	FEDERAL INSURANCE COMPANY
	Endorsement/Rider No. 6
	To be attached to and
	form a part of Policy No. 82307667
Issued to: THE DREYFUS FUND INCORPORATED
COMPLIANCE WITH APPLICABLE TRADE SANCTION LAWS
It is agreed that this insurance does not apply to the extent that trade or economic sanctions or other similar laws or
regulations prohibit the coverage provided by this insurance.
The title and any headings in this endorsement/rider are solely for convenience and form no part of the terms and
conditions of coverage.
All other terms, conditions and limitations of this Policy shall remain unchanged.

14-02-9228 (2/2010)

Page 1

EX-99

IMPORTANTNOTICEFIDELITYCRIMEDIVISIONCLAIMS

Shouldthisaccounthavea potentialclaimsituation,pleasecontact:Fidelity  & CrimeClaimsDepartment

GreatAmericanInsuranceGroupFiveWatersideCrossingWindsor,CT06095

(860)298-7330

(860)688-8188fax

CrimeClaims@gaig.com

SDM-683(Ed.08/14)

FXS1101(Ed.0514)

FINANCIALINSTITUTIONEXCESS FOLLOWFORMCERTIFICATEGREATAMERICANINSURANCE COMPANY

(hereincalledUNDERWRITER)

BondNo.:          XSC26385831500

NamedInsured:TheDreyfusFundIncorporatedandasmore fully described in the PrimaryInvestmentCompanyBlanketBondLayer

(hereincalledInsured)

Address:           200ParkAvenueNewYork,NY10166

The UNDERWRITER,in considerationofanagreed premium,and in relianceuponthestatementsand informationfurnished to the UNDERWRITER bytheINSURED,andsubjectto the termsandconditionsoftheunderlyingcoveragescheduled in Item3.below,asexcessandnotcontributinginsurance,agreesto paytheINSURED forlosswhich:

(a)WouldhavebeenpaidundertheUnderlyingbutforthe factthatsuchlossexceedsthelimitofliabilityoftheUnderlyingCarrier(s)listed in Item3.,and

(b)forwhichtheUnderlyingCarrier(s)has(have)made payment,andtheInsuredhascollected,thefullamountoftheexpressedlimitoftheUnderlyingCarrier's(s)liability.

Item1.        BondPeriod:from12:01 a.m.on     01/31/2017        to 12:01 a.m.on01/31/2018

(inception)                                 (expiration)Item2.         SingleLoss LimitofLiabilityatInception:    $75,000,000

Coverage(s)Provided:

InvestmentCompanyBlanketBondInsuringAgreements:Fidelity,On Premises,In Transit,ForgeryorAlteration,Securities,CounterfeitCurrency,ComputerSystems,ExtendedComputerSystems,AutomatedPhoneSystems,Telefacsimile TransferFraud,DestructionofDatabyHacker,DestructionofDatabyVirusandVoice Initiated TransferFraud.

Item3.         UnderlyingCoverageSchedule:

A)	Company:	NationalUnion Fire InsuranceCompanyofPittsburgh,PA
	SingleLoss Limit:	$10,000,000
	DeductibleAmount:	$50,000
	BondNumber: BondPeriod:	08-073-72-57 from12:01 a.m.on01/31/2017 to 12:01 a.m.on01/31/2018

B)	Company:	FederalInsuranceCompany
	SingleLoss Limit:	$15,000,000
	AttachmentPoint:	$10,000,000
	BondNumber: BondPeriod:	82307667 from12:01 a.m.on01/31/2017 to 12:01 a.m.on01/31/2018

Item4.        Coverage provided bythisBond issubjectto thefollowingattachedRider(s):1and2

Item5.        ByacceptanceofthisBond,yougiveusnoticecancelingpriorBondNo.XSC263858314,thecancellationto beeffectiveatthesametime thisBondbecomeeffective.

RIDERNO. 1

EXCLUDE ALLSUB-LIMITEDCOVERAGE(S)

To beattached to and formpartofFinancialInstitutionExcess FollowFormCertificate

BondNo.:XSC26385831500

In favor of:TheDreyfusFundIncorporatedandasmore fully described in the PrimaryInvestmentCompanyBlanketBondLayer

Itisagreedthat:

1.Coverage provided bythisBondshallnotrespondasexcessover anysub-limitedcoverage(s)thatarepartoftheUnderlyingBond(s).

2.Nothinghereincontainedshallbeheld to vary,alter,waive orextendanyoftheterms,conditions,provisions,agreementsorlimitationsofthe above mentionedBondotherthanasstatedherein.

3.ThisRidershallbecomeeffectiveasof12:01 a.m.on01/31/2017standardtime.

FXS1105(Ed.0514)

RIDERNO.2

QUOTA-SHARE RIDER

To beattached to and formpartoftheFinancialInstitutionExcess FollowFormCertificate

BondNo.:    XSC26385831500

In favor of:TheDreyfusFundIncorporatedandasmore fully described in the PrimaryInvestmentCompanyBlanketBondLayer

Issuedby:    GreatAmericanInsuranceCompany(hereinaftercalledControllingCompany)

Itisagreedthat:

1.Theterm"Underwriter"as used in theattachedBondshallbeconstrued to mean,unlessotherwisespecified in thisrider,alltheCompaniesexecutingtheattachedBond.

2.EachofsaidCompaniesshallbe liable onlyforsuchproportionofanylossundertheattachedBondastheamountunderwrittenbysuchCompany,asspecified in theSchedule forming aparthereof,bearsto theaggregateamountoftheattachedBond,butin no eventshallanyofsaidCompaniesbe liable foranamountgreaterthanthatunderwrittenbyit.

3.In theabsenceofarequestfromanyofsaidCompaniesto paypremiumsdirectlyto it,premiumsfortheattachedBond maybepaid to theControllingCompanyfortheaccountofallofsaidCompanies.

4.In theabsenceofarequestfromanyofsaidCompaniesthatnoticeofclaimandproofoflossbegiven to or fileddirectlywith it,thegivingofsuchnotice to andthefilingofsuchproofwith,theControllingCompanyshallbedeemed to be in compliancewiththeconditionsoftheattachedBond forthegivingofnoticeoflossandthefilingofproofofloss,ifgivenandfiled in accordancewithsaidconditions.

5.TheControllingCompanymaygivenotice in accordancewiththe termsoftheattachedBond,terminating orcancelingtheattachedBondasanentiretyorasto anyEmployeeorInsured,andanynoticesogivenshallterminateorcancelthe liabilityofallofsaidCompaniesasanentiretyorasto suchEmployeeorInsured,asthecase maybe.

6.AnyCompanyotherthantheControllingCompanymaygivenotice in accordancewiththe termsoftheattachedBond,terminating orcancelingtheentire liabilityofsuchotherCompanyundertheattachedBondorasto anyEmployeeorInsured.

7.In theabsenceofarequestfromanyofsaidCompaniesthatnoticeoftermination orcancellationbytheInsuredoftheattachedBond in itsentiretybegiven to or fileddirectlywith it,thegivingofsuchnotice in accordancewiththetermsoftheattachedBond to theControllingCompanyshallterminate orcancelthe liabilityofallofsaidCompaniesasanentirety.TheInsured mayterminate orcanceltheentire liabilityofanyCompany,otherthantheControllingCompany,undertheattachedBondby givingnoticeofsuch termination orcancellation to suchotherCompany,andshallsendcopyofsuchnotice to theControllingCompany.

8.IftheattachedBondbeterminatedorcancelledasanentiretyasherein provided orin anyothermanner,thereshallbeno liabilityundertheattachedBond foranylossunlessdiscoveredpriorto theexpirationofthatperiod after12:01

a.m.ontheeffectivedateofsuch termination orcancellationwhichequalstheperiodfixed in theattachedBond forthediscoveryoflossaftersuch termination orcancellation.If,priorto the termination orcancellationoftheattached

Bondasanentirety,theattachedBondbeterminatedorcancelledasherein provided asto anyCompany,thereshallbeno liabilityundertheattachedBondonthepartofsuchCompanyforanylossunlessdiscoveredpriorto theexpirationofthatperiod after12:01 a.m.ontheeffectivedateofsuch termination orcancellationwhichequalstheperiodfixed in theattachedBond forthediscoveryoflossafterthe termination oftheattachedBondasanentirety.

9.In the eventofthe termination orcancellationoftheattachedBondasanentirety,noCompanyshallbe liable to theInsured foragreaterproportionofanyreturnpremiumduetheInsuredthantheamountunderwrittenbysuchCompanybearsto theaggregateamountoftheattachedBond.

10.In the eventofthe termination orcancellationoftheattachedBondasto anyCompany,suchCompanyaloneshallbe liable to theInsured foranyreturnpremiumduetheInsuredonaccountofsuch termination orcancellation.Thetermination orcancellationoftheattachedBondasto anyCompanyotherthantheControllingCompanyshallnotterminate,cancelorotherwise affectthe liabilityoftheotherCompaniesundertheattachedBond.

11.Nothinghereincontainedshallbeheld to vary,alter,waive orextendanyoftheterms,conditions,provisions,agreementsorlimitationsofthe above mentionedBondotherthanasstatedherein.

12.ThisRidershallbecomeeffectiveasof12:01 a.m.on01/31/2017standardtime.

Schedule

Underwritten fora33.34%shareup to amaximum                               GreatAmericanInsuranceCompany

SingleLoss Limitof$25,000,000                                                                   (ControllingCompany)

 

By:  

AuthorizedRepresentative

Underwritten fora26.66%shareup to amaximum                              BerkleyRegionalInsuranceCompany

SingleLoss Limitof$20,000,000

By:     

AuthorizedRepresentative

Underwritten fora20.0%shareup to amaximum                                    ContinentalInsuranceCompany

SingleLoss Limitof$15,000,000

By:     

AuthorizedRepresentative

Underwritten fora13.34%shareup to amaximum                            Fidelity &DepositCompany ofMaryland

SingleLoss Limitof$10,000,000

By:     

             AuthorizedRepresentative

Underwritten fora6.66%shareup to amaximum                                  U.S.SpecialtyInsuranceCompnay

SingleLoss Limitof$5,000,000

By:     

           AuthorizedRepresentative

FI7341(Ed.08/15)

In WitnessClause

In WitnessWhereof,wehavecaused thisFinancialInstitutionBond to beexecutedandattested,and,ifrequiredbystatelaw,thisFinancialInstitutionBondshallnotbevalidunlesscountersignedbyourauthorizedrepresentative.

PRESIDENT                                                                     SECRETARY

FI7341(Ed.08/15)

CopyrightGreatAmerican InsuranceCo.,2009

EX-99

 

RESOLUTIONS

Fidelity Bond

RESOLVED, that it is the determination of the Fund’s Board at this meeting, including a majority of the independent Board members, that the joint insured fidelity bonds (collectively, the “Bond”) written by the following respective entities in the following amounts:

Name of Fidelity InsurerAmount of Coverage

National Union Fire Insurance Company of                                 $10,000,000

Pittsburgh, PA

                Federal Insurance Company                                                            $15,000,000

                                                                                                                in excess of

                                                                                                                $10,000,000

                Great American Insurance Company*                                           $25,000,000

                Berkley Regional Insurance Company*                                        $20,000,000

                Continental Insurance Company*                                                 $15,000,000

                Fidelity & Deposit Company of Maryland*                                 $10,000,000

                U.S. Specialty Insurance Company*                                              $ 5,000,000

                                                                                                                                __________

                                Total Coverage                                                                  $100,000,000

                *Excess of $25 million as co-sureties

insuring the Fund and the other parties named as insured parties under the Bond for covered acts or omissions of their respective officers and Board members and the officers and employees of the Fund’s investment adviser, distributor, transfer agent and/or administrator, in accordance with the requirements of Rule 17g-1 promulgated by the SEC under Section 17(g) of the 1940 Act, are reasonable in form and amount after having given due consideration to all relevant factors including, but not limited to, the value of the aggregate assets of the Fund to which any such covered person may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the nature of the securities in the Fund’s portfolio, the number of other parties named as insured parties under the Bond, and the nature of the business activities of such other parties; and it is further

1

 

[as applicable]   RESOLVED, that the Fund’s Board, including a majority of the independent Board members, hereby ratifies and approves the payment by the Fund of its pro rata share, based on the assets of the respective covered Funds, of the premium for coverage under the Bond, in the form and amount described above, having given due consideration to all relevant factors including, but not limited to, the number of other parties named as insured parties under the Bond, the nature of the business activities of such other parties, the amount of the Bond, the amount of the premium for the Bond, the ratable allocation of the premium among all the parties named as insureds, and the extent to which the share of the premium allocated to the Fund is less than the premium the Fund would have had to pay if it had provided and maintained a single insured bond; and it is further

RESOLVED, that each of the President, any Vice President, the Secretary and the Treasurer hereby is designated as the officer responsible for making all filings with the SEC and giving all notices on behalf of the Fund with respect to the Bond required by paragraph (g) of Rule 17g-1 promulgated by the SEC under the 1940 Act; and it is further

RESOLVED, that the appropriate officers of the Fund be, and each hereby is, authorized to take the actions as may be required to amend the Bond to include in the coverage new funds advised, sub-advised or administered by Dreyfus or its affiliates, as of the date each is declared effective by the SEC; and it is further

RESOLVED, that the Agreement Regarding Dreyfus Joint Insured Bond, substantially in the form previously approved, shall remain in full force and effect; and it is further

RESOLVED, that the appropriate officers of the Fund be, and each hereby is, authorized to make any and all payments and to do any and all other acts, in the name of the Fund and on its behalf, as they, or any of them, may determine to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions and that any payments and any and all other acts, in the name of the Fund and on its behalf, consistent with the foregoing resolutions and as may have been determined to be necessary or desirable and proper in connection with or in furtherance of the foregoing resolutions be, and they hereby are, ratified and approved.

2

EX-99

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,Sub-Investment Adviser or Administrator - Gross Assets Pursuant to Rule17g-1(d) Under the Investment CompanyAct of 1940

Provided by Dreyfus Investment Accounting & Support Department, Information Management Group, 718-315-2469

The number of “other investment companies” covered by the bonds as of January 2017, in answer to question 81(b) on Form N-SAR, is 160.
				January 2017
			Gross Assets	Amount of Bond
			Corporate	Required Pursuant
Corporate Registration	Portfolio/Series Name	Gross Asset Portfolio	Registration	to Rule 17g-1(d)
Advantage Funds, Inc.	Dreyfus Global Dynamic Bond Fund	38,975,601
Advantage Funds, Inc.	Dreyfus Global Real Return Fund	1,437,821,802
Advantage Funds, Inc.	Dreyfus Opportunistic Midcap Value Fund	1,369,935,817
Advantage Funds, Inc.	Dreyfus Opportunistic Small Cap Fund	1,017,877,957
Advantage Funds, Inc.	Dreyfus Opportunistic U.S. Stock Fund	24,969,757
Advantage Funds, Inc.	Dreyfus Strategic Value Fund	1,864,263,770
Advantage Funds, Inc.	Dreyfus Structured Midcap Fund	216,741,458
Advantage Funds, Inc.	Dreyfus Technology Growth Fund	251,713,096
Advantage Funds, Inc.	Dreyfus Total Emerging Markets Fund	104,790,322
Advantage Funds, Inc.	Dynamic Total Return Fund	1,396,074,028
Advantage Funds, Inc. Total			7,723,163,608	2,500,000
BNY Mellon Absolute Insight Funds, Inc.	BNY Mellon Absolute Insight Multi-Strategy Fund	307,259,939	307,259,939	750,000
BNY Mellon Funds Trust	BNY Mellon Asset Allocation Fund	448,550,050
BNY Mellon Funds Trust	BNY Mellon Bond Fund	989,856,537
BNY Mellon Funds Trust	BNY Mellon Corporate Bond Fund	797,768,779
BNY Mellon Funds Trust	BNY Mellon Emerging Markets Fund	669,424,271
BNY Mellon Funds Trust	BNY Mellon Focused Equity Opportunities Fund	437,089,587
BNY Mellon Funds Trust	BNY Mellon Income Stock Fund	1,150,913,551
BNY Mellon Funds Trust	BNY Mellon Intermediate Bond Fund	871,868,295
BNY Mellon Funds Trust	BNY Mellon International Appreciation Fund	72,108,261
BNY Mellon Funds Trust	BNY Mellon International Equity Income Fund	299,935,075
BNY Mellon Funds Trust	BNY Mellon International Fund	939,896,447
BNY Mellon Funds Trust	BNY Mellon Large Cap Market Opportunities Fund	70,237,499
BNY Mellon Funds Trust	BNY Mellon Large Cap Stock Fund	300,770,046
BNY Mellon Funds Trust	BNY Mellon Massachusetts Intermediate Municipal Bond Fun	286,125,715
BNY Mellon Funds Trust	BNY Mellon Mid Cap Multi-Strategy Fund	2,607,614,288
BNY Mellon Funds Trust	BNY Mellon Government Money Market Fund	849,392,177
BNY Mellon Funds Trust	BNY Mellon Municipal Opportunities Fund	1,224,187,193
BNY Mellon Funds Trust	BNY Mellon National Intermediate Municipal Bond Fund	2,122,223,363
BNY Mellon Funds Trust	BNY Mellon National Municipal Money Market Fund	575,762,008
BNY Mellon Funds Trust	BNY Mellon National Short-Term Municipal Bond Fund	950,594,048
BNY Mellon Funds Trust	BNY Mellon New York Intermediate Tax-Exempt Bond Fund	165,900,080
BNY Mellon Funds Trust	BNY Mellon Pennsylvania Intermediate Municipal Bond Fund	231,002,814
BNY Mellon Funds Trust	BNY Mellon Short-Term U.S. Government Securities Fund	229,670,335
BNY Mellon Funds Trust	BNY Mellon Small Cap Multi-Strategy Fund	478,601,553
BNY Mellon Funds Trust	BNY Mellon Small/Mid Cap Multi-Strategy Fund	323,349,325
BNY Mellon Funds Trust	BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund	360,203,777
BNY Mellon Funds Trust Total			17,453,045,073	2,500,000
CitizensSelect Funds	Dreyfus Prime Money Market Fund	122,698,485
CitizensSelect Funds	Dreyfus Institutional Preferred Treasury Securities Money Mar	275,267,338
CitizensSelect Funds Total			397,965,823	750,000
Dreyfus Appreciation Fund, Inc.		1,920,880,169	1,920,880,169	1,500,000
Dreyfus BASIC Money Market Fund, Inc.		142,548,178	142,548,178	525,000
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Alternative Diversifier Strategies Fund	478,994,424
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Emerging Markets Debt U.S. Dollar Fund	37,052,848
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Global Emerging Markets Fund	103,528,517
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Select Managers Long/Short Fund	581,548,636
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Yield Enhancement Strategy Fund	423,042,775
Dreyfus BNY Mellon Funds, Inc. Total			1,624,167,199	1,500,000
Dreyfus Bond Funds, Inc.	Dreyfus Municipal Bond Fund	1,360,738,642	1,360,738,642	1,250,000
Dreyfus Cash Management		3,196,779,627	3,196,779,627	2,100,000
Dreyfus Funds, Inc.	Dreyfus Mid-Cap Growth Fund	130,570,713	130,570,713	525,000
Dreyfus Government Cash Management Funds	Dreyfus Government Cash Management	54,511,244,311
Dreyfus Government Cash Management Funds	Dreyfus Government Securities Cash Management	4,858,588,765
Dreyfus Government Cash Management Funds Total			59,369,833,076	2,500,000
Dreyfus Growth and Income Fund, Inc.		863,522,050	863,522,050	1,000,000
Dreyfus High Yield Strategies Fund		379,548,461	379,548,461	750,000
Dreyfus Index Funds, Inc.	Dreyfus International Stock Index Fund	501,267,564
Dreyfus Index Funds, Inc.	Dreyfus S&P 500 Index Fund	2,602,111,124
Dreyfus Index Funds, Inc.	Dreyfus Smallcap Stock Index Fund	2,357,150,416
Dreyfus Index Funds, Inc. Total			5,460,529,104	2,500,000
Dreyfus Institutional Preferred Money Market Funds	Dreyfus Institutional Preferred Money Market Fund	2,867,259,907
Dreyfus Institutional Preferred Money Market Funds	Dreyfus Institutional Preferred Government Plus Money Mark	1,636,348,752
Dreyfus Institutional Preferred Money Market Funds Total			4,503,608,659	2,500,000
Dreyfus Institutional Reserves Funds	Dreyfus Institutional Preferred Government Money Market	4,775,193,289
Dreyfus Institutional Reserves Funds	Dreyfus Institutional Treasury and Agency Cash Advantage	757,993,133
Dreyfus Institutional Reserves Funds	Dreyfus Institutional Treasury Securities Cash Advantage Fun	1,066,054,990
Dreyfus Institutional Reserves Funds Total			6,599,241,412	2,500,000
Dreyfus Intermediate Municipal Bond Fund, Inc.		728,609,901	728,609,901	900,000
Dreyfus International Funds, Inc.	Dreyfus Emerging Markets Fund	133,696,923
Dreyfus International Funds, Inc. Total			133,696,923	525,000
Dreyfus Investment Funds	Dreyfus/Newton International Equity Fund	975,238,212
Dreyfus Investment Funds	Dreyfus/Standish Global Fixed Income Fund	2,795,995,479
Dreyfus Investment Funds	Dreyfus Tax Sensitive Total Return Bond Fund	254,997,714
Dreyfus Investment Funds	Dreyfus Diversified Emerging Markets Fund	145,846,877
Dreyfus Investment Funds	Dreyfus/The Boston Company Small Cap Growth Fund	6,333,017
Dreyfus Investment Funds	Dreyfus/The Boston Company Small Cap Value Fund	228,600,075
Dreyfus Investment Funds	Dreyfus/The Boston Company Small/Mid Cap Growth Fund	1,047,855,402
Dreyfus Investment Funds Total			5,454,866,774	2,500,000
Dreyfus Investment Grade Funds, Inc.	Dreyfus Inflation Adjusted Securities Fund	141,474,795

Page 1 of 3

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,Sub-Investment Adviser or Administrator - Gross Assets Pursuant to Rule17g-1(d) Under the Investment CompanyAct of 1940

Provided by Dreyfus Investment Accounting & Support Department, Information Management Group, 718-315-2469

The number of “other investment companies” covered by the bonds as of January 2017, in answer to question 81(b) on Form N-SAR, is 160.
				January 2017
			Gross Assets	Amount of Bond
			Corporate	Required Pursuant
Corporate Registration	Portfolio/Series Name	Gross Asset Portfolio	Registration	to Rule 17g-1(d)
Dreyfus Investment Grade Funds, Inc.	Dreyfus Intermediate Term Income Fund	839,046,599
Dreyfus Investment Grade Funds, Inc.	Dreyfus Short Term Income Fund	172,873,174
Dreyfus Investment Grade Funds, Inc. Total			1,153,394,568	1,250,000
Dreyfus Investment Portfolios	Core Value Portfolio	29,880,470
Dreyfus Investment Portfolios	MidCap Stock Portfolio	188,743,434
Dreyfus Investment Portfolios	Small Cap Stock Index Portfolio	532,190,401
Dreyfus Investment Portfolios	Technology Growth Portfolio	335,753,590
Dreyfus Investment Portfolios Total			1,086,567,894	1,250,000
Dreyfus Liquid Assets, Inc.		660,032,978	660,032,978	900,000
Dreyfus Manager Funds I	Dreyfus Research Long/Short Equity Fund	111,964,462	111,964,462	525,000
Dreyfus Manager Funds II	Dreyfus Balanced Opportunity Fund	288,728,340	288,728,340	750,000
Dreyfus Midcap Index Fund, Inc.		3,638,493,604	3,638,493,604	2,300,000
Dreyfus Municipal Bond Infrastructure Fund, Inc.		327,418,446	327,418,446	750,000
Dreyfus Municipal Bond Opportunity Fund		384,848,490	384,848,490	750,000
Dreyfus ATM-Free Municipal Cash Management Plus		187,010,641	187,010,641	600,000
Dreyfus Municipal Funds, Inc.	Dreyfus AMT-Free Municipal Bond Fund	978,111,543
Dreyfus Municipal Funds, Inc.	Dreyfus High Yield Municipal Bond Fund	163,330,608
Dreyfus Municipal Funds, Inc. Total			1,141,442,151	1,250,000
Dreyfus Municipal Income, Inc.		244,993,626	244,993,626	600,000
Dreyfus New Jersey Municipal Bond Fund, Inc.		468,710,109	468,710,109	750,000
General New Jersey Municipal Money Market Fund		103,817,308	103,817,308	525,000
Dreyfus New York AMT-Free Municipal Bond Fund		404,049,417	404,049,417	750,000
Dreyfus AMT-Free New York Municipal Cash Management		225,819,381	225,819,381	600,000
Dreyfus New York Tax Exempt Bond Fund, Inc.		1,135,349,897	1,135,349,897	1,250,000
Dreyfus Opportunity Funds	Dreyfus Natural Resources Fund	327,840,347
Dreyfus Opportunity Funds	Dreyfus Strategic Beta Emerging Markets Equity Fund	12,728,760
Dreyfus Opportunity Funds	Dreyfus Strategic Beta Global Equity Fund	20,965,297
Dreyfus Opportunity Funds Total			361,534,403	750,000
Dreyfus Premier California AMT-Free Municipal Bond Fund, Inc.	Dreyfus California AMT-Free Municipal Bond Fund	971,599,276	971,599,276	1,000,000
Dreyfus Premier GNMA Fund, Inc.	Dreyfus GNMA Fund	480,100,695	480,100,695	750,000
Dreyfus Premier Investment Funds, Inc.	Dreyfus Diversified International Fund	804,731,958
Dreyfus Premier Investment Funds, Inc.	Dreyfus Global Infrastructure Fund	24,277,744
Dreyfus Premier Investment Funds, Inc.	Dreyfus Global Real Estate Securities Fund	741,870,925
Dreyfus Premier Investment Funds, Inc.	Dreyfus Large Cap Equity Fund	508,869,800
Dreyfus Premier Investment Funds, Inc.	Dreyfus Large Cap Growth Fund	39,998,764
Dreyfus Premier Investment Funds, Inc. Total			2,119,749,190	1,700,000
Dreyfus Premier Short-Intermediate Municipal Bond Fund	Dreyfus Short-Intermediate Municipal Bond Fund	499,365,827	499,365,827	750,000
Dreyfus Premier Worldwide Growth Fund, Inc.	Dreyfus Worldwide Growth Fund	578,986,792	578,986,792	900,000
Dreyfus Research Growth Fund, Inc.		1,671,917,302	1,671,917,302	1,500,000
Dreyfus Ultra Short Income Fund		110,566,930	110,566,930	525,000
Dreyfus State Municipal Bond Funds	Dreyfus Connecticut Fund	261,482,554
Dreyfus State Municipal Bond Funds	Dreyfus Massachusetts Fund	157,928,103
Dreyfus State Municipal Bond Funds	Dreyfus Pennsylvania Fund	155,688,866
Dreyfus State Municipal Bond Funds Total			575,099,522	900,000
Dreyfus Stock Funds	Dreyfus International Equity Fund	592,277,181
Dreyfus Stock Funds	Dreyfus International Small Cap Fund	687,279,844
Dreyfus Stock Funds	Dreyfus Small Cap Equity Fund	50,952,324
Dreyfus Stock Funds Total			1,330,509,349	1,250,000
Dreyfus Stock Index Fund, Inc.		2,216,020,772	2,216,020,772	1,700,000
Dreyfus Strategic Municipal Bond Fund, Inc.		507,909,142	507,909,142	900,000
Dreyfus Strategic Municipals, Inc.		676,220,855	676,220,855	900,000
Dreyfus Tax Exempt Cash Management Funds	Dreyfus California AMT-Free Municipal Cash Management	14,456,177
Dreyfus Tax Exempt Cash Management Funds	Dreyfus AMT-Free Tax Exempt Cash Management	656,515,524
Dreyfus Tax Exempt Cash Management Funds Total			670,971,701	900,000
Dreyfus Treasury & Agency Cash Management		20,161,323,961	20,161,323,961	2,500,000
Dreyfus Treasury Securities Cash Management		35,261,370,155	35,261,370,155	2,500,000
Dreyfus U.S. Treasury Intermediate Term Fund		59,318,460	59,318,460	400,000
Dreyfus U.S. Treasury Long Term Fund		70,422,798	70,422,798	400,000
Dreyfus Variable Investment Fund	Appreciation Portfolio	403,773,782
Dreyfus Variable Investment Fund	Growth and Income Portfolio	81,440,500
Dreyfus Variable Investment Fund	International Equity Portfolio	32,308,200
Dreyfus Variable Investment Fund	International Value Portfolio	45,753,541
Dreyfus Variable Investment Fund	Government Money Market Portfolio	129,148,321
Dreyfus Variable Investment Fund	Opportunistic Small Cap Portfolio	183,702,616
Dreyfus Variable Investment Fund	Quality Bond Portfolio	54,550,203
Dreyfus Variable Investment Fund Total			930,677,163	1,000,000
General California Municipal Money Market Fund		93,012,534	93,012,534	450,000
General Government Securities Money Market Funds, Inc.	General Government Securities Money Market Fund	2,665,589,653
General Government Securities Money Market Funds, Inc.	General Treasury Securities Money Market Fund	4,386,784,754
General Government Securities Money Market Funds, Inc. Total			7,052,374,407	2,500,000
General Money Market Fund, Inc.		9,484,466,034	9,484,466,034	2,500,000
General Municipal Money Market Funds, Inc.	General Municipal Money Market Fund	850,674,958
General Municipal Money Market Funds, Inc. Total			850,674,958	1,000,000
General New York AMT-Free Municipal Money Market Fund		191,156,080
General New York Municipal Money Market Fund Total			191,156,080	600,000
Strategic Funds, Inc.	Dreyfus Active MidCap Fund	614,785,518
Strategic Funds, Inc.	Dreyfus Conservative Allocation Fund	32,261,924
Strategic Funds, Inc.	Dreyfus Growth Allocation Fund	21,410,451
Strategic Funds, Inc.	Dreyfus MLP Fund	36,004,131
Strategic Funds, Inc.	Dreyfus Moderate Allocation Fund	61,699,089

Page 2 of 3

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,Sub-Investment Adviser or Administrator - Gross Assets Pursuant to Rule17g-1(d) Under the Investment CompanyAct of 1940

Provided by Dreyfus Investment Accounting & Support Department, Information Management Group, 718-315-2469

The number of “other investment companies” covered by the bonds as of January 2017, in answer to question 81(b) on Form N-SAR, is 160.
					January 2017
			Gross Assets		Amount of Bond
			Corporate		Required Pursuant
Corporate Registration	Portfolio/Series Name	Gross Asset Portfolio	Registration		to Rule 17g-1(d)
Strategic Funds, Inc.	Dreyfus Select Managers Small Cap Growth Fund	607,459,277
Strategic Funds, Inc.	Dreyfus Select Managers Small Cap Value Fund	850,930,708
Strategic Funds, Inc.	Dreyfus U.S. Equity Fund	493,112,733
Strategic Funds, Inc.	Global Stock Fund	1,302,252,030
Strategic Funds, Inc.	International Stock Fund	3,375,538,640
Strategic Funds, Inc. Total			7,395,454,501		2,500,000
The Dreyfus Fund Incorporated		1,146,386,700	1,146,386,700		1,250,000
The Dreyfus Socially Responsible Growth Fund, Inc.		234,266,516	234,266,516		600,000
The Dreyfus Third Century Fund, Inc.		305,735,901	305,735,901		750,000
The Dreyfus/Laurel Funds Trust	Dreyfus Emerging Markets Debt Local Currency Fund	56,832,773
The Dreyfus/Laurel Funds Trust	Dreyfus Equity Income Fund	302,768,778
The Dreyfus/Laurel Funds Trust	Dreyfus Global Equity Income Fund	426,427,719
The Dreyfus/Laurel Funds Trust	Dreyfus High Yield Fund	1,229,052,197
The Dreyfus/Laurel Funds Trust	Dreyfus International Bond Fund	873,495,954
The Dreyfus/Laurel Funds Trust Total			2,888,577,422		1,900,000
The Dreyfus/Laurel Funds, Inc.	General AMT- Free Municipal Money Market Fund	81,524,230
The Dreyfus/Laurel Funds, Inc.	Dreyfus Institutional S&P 500 Stock Index Fund	2,327,678,701
The Dreyfus/Laurel Funds, Inc.	Dreyfus Bond Market Index Fund	2,690,923,630
The Dreyfus/Laurel Funds, Inc.	Dreyfus Core Equity Fund	182,637,882
The Dreyfus/Laurel Funds, Inc.	Dreyfus Disciplined Stock Fund	591,916,050
The Dreyfus/Laurel Funds, Inc.	Dreyfus Floating Rate Income Fund	782,611,560
The Dreyfus/Laurel Funds, Inc.	Dreyfus Opportunistic Fixed Income Fund	158,732,232
The Dreyfus/Laurel Funds, Inc.	Dreyfus Tax Managed Growth Fund	180,363,728
The Dreyfus/Laurel Funds, Inc.	General Treasury and Agency Money Market Fund	335,992,763
The Dreyfus/Laurel Funds, Inc. Total			7,332,380,775		2,500,000
Total Gross Assets for the Complex		235,541,366,765	235,541,366,765		82,150,000.00
AVAILABLE FIDELITY BOND COVERAGE				$	115,000,000
Amount between Minimum and Available				$	32,850,000
Fund of funds (Affiliated funds)
Strategic Funds, Inc.	Dreyfus Conservative Allocation Fund	32,261,924.01
Strategic Funds, Inc.	Dreyfus Growth Allocation Fund	21,410,451.13
Strategic Funds, Inc.	Dreyfus Moderate Allocation Fund	61,699,089.21
Dreyfus Premier Investment Funds, Inc.	Dreyfus Diversified International Fund	804,731,957.65
Total Fund of funds		920,103,422.00
Partial fund of funds (Market value)
BNY Mellon Funds Trust	BNY Mellon Asset Allocation Fund	259,439,870
BNY Mellon Funds Trust	BNY Mellon Large Cap Market Opportunities Fund	35,773,969
BNY Mellon Funds Trust	BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund	114,767,848
Dreyfus Investment Funds	Dreyfus Diversified Emerging Markets Fund	62,876,573
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Yield Enhancement Strategy Fund	419,095,673
Dreyfus BNY Mellon Funds, Inc.	Dreyfus Alternative Diversifier Strategies Fund	386,875,872
		1,278,829,803.65
Total Gross Assets for the Complex excluding fund of funds and partial fund of funds (MV)		233,342,433,539.68
Count of Portfolios		160

Page 3 of 3

EX-99

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.                         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.

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                        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 her 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.

2

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

/s/ Joni Lacks Charatan                                                           Dated as of January 31, 2017

Joni Lacks Charatan

Vice President and Assistant Secretary

3

SCHEDULE A

Advantage Funds, Inc.

        Dreyfus Global Dynamic Bond Fund

        Dreyfus Global Real Return Fund

        Dreyfus Opportunistic Midcap Value Fund

        Dreyfus Opportunistic Small Cap Fund

        Dreyfus Opportunistic U.S. Stock Fund

        Dreyfus Strategic Value Fund

        Dreyfus Structured Midcap Fund

        Dreyfus Technology Growth Fund

Dreyfus Total Emerging Markets Fund

        Dynamic Total Return Fund
BNY Mellon Absolute Insight Funds, Inc.

        BNY Mellon Absolute Insight Multi-Strategy Fund

BNY Mellon Funds Trust

        BNY Mellon Asset Allocation Fund

        BNY Mellon Bond Fund

        BNY Mellon Corporate Bond Fund

        BNY Mellon Emerging Markets Fund

        BNY Mellon Focused Equity Opportunities Fund

        BNY Mellon Government Money Market Fund

        BNY Mellon Income Stock Fund

        BNY Mellon Intermediate Bond Fund

        BNY Mellon International Appreciation Fund

        BNY Mellon International Equity Income Fund

        BNY Mellon International Fund

        BNY Mellon Large Cap Market Opportunities Fund

        BNY Mellon Large Cap Stock Fund

        BNY Mellon Massachusetts Intermediate Municipal Bond Fund

        BNY Mellon Mid Cap Multi-Strategy Fund     

        BNY Mellon Municipal Opportunities Fund

BNY Mellon National Intermediate Municipal Bond Fund

        BNY Mellon National Municipal Money Market Fund

        BNY Mellon National Short-Term Municipal Bond Fund

        BNY Mellon New York Intermediate Tax-Exempt Bond Fund

        BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

        BNY Mellon Short-Term U.S. Government Securities Fund

        BNY Mellon Small Cap Multi-Strategy Fund  

        BNY Mellon Small/Mid Cap Multi Strategy Fund

        BNY Mellon Tax-Sensitive Large Cap Multi-Strategy Fund

CitizensSelect Funds

        Dreyfus Prime Money Market Fund

        Dreyfus Institutional Preferred Treasury Securities Money Market Fund

Dreyfus AMT-Free Municipal Cash Management Plus

Dreyfus AMT-Free New York Municipal Cash Management

Dreyfus Appreciation Fund, Inc.

Dreyfus BASIC Money Market Fund, Inc.

Dreyfus BNY Mellon Funds, Inc.

4

        Dreyfus Alternative Diversifier Strategies Fund

        Dreyfus Emerging Markets Debt U.S. Dollar Fund

        Dreyfus Global Emerging Markets Fund

        Dreyfus Select Managers Long/Short Fund

Dreyfus Yield Enhancement Strategy Fund

Dreyfus Bond Funds Inc.

        Dreyfus Municipal Bond Fund

Dreyfus Cash Management

Dreyfus Funds, Inc.

Dreyfus Mid-Cap Growth Fund

The Dreyfus Fund Incorporated

Dreyfus Government Cash Management Funds

        Dreyfus Government Cash Management

        Dreyfus Government Securities Cash Management

Dreyfus Growth and Income Fund, Inc.

Dreyfus High Yield Strategies Fund (closed-end fund)

Dreyfus Index Funds, Inc.

        Dreyfus International Stock Index Fund

        Dreyfus S&P 500 Index Fund

        Dreyfus Smallcap Stock Index Fund

Dreyfus Institutional Preferred Money Market Funds

        Dreyfus Institutional Preferred Money Market Fund

        Dreyfus Institutional Preferred Government Plus Money Market Fund

Dreyfus Institutional Reserves Funds

        Dreyfus Institutional Treasury Securities Cash Advantage Fund

        Dreyfus Institutional Treasury and Agency Cash Advantage Fund

        Dreyfus Institutional Preferred Government Money Market Fund

Dreyfus Intermediate Municipal Bond Fund, Inc.

Dreyfus International Funds, Inc.

        Dreyfus Emerging Markets Fund

Dreyfus Investment Grade Funds, Inc.

        Dreyfus Inflation Adjusted Securities Fund

        Dreyfus Intermediate Term Income Fund

        Dreyfus Short Term Income Fund

Dreyfus Investment Funds

        Dreyfus/Newton International Equity Fund

        Dreyfus Diversified Emerging Markets Fund

        Dreyfus/The Boston Company Small Cap Growth Fund

        Dreyfus/The Boston Company Small Cap Value Fund

        Dreyfus/The Boston Company Small/Mid Cap Growth Fund

        Dreyfus/Standish Global Fixed Income Fund

        Dreyfus Tax Sensitive Total Return Bond Fund
Dreyfus Investment Portfolios

        Core Value Portfolio

        MidCap Stock Portfolio

        Small Cap Stock Index Portfolio

        Technology Growth Portfolio

The Dreyfus/Laurel Funds, Inc.

        Dreyfus Bond Market Index Fund

        Dreyfus Core Equity Fund

5

        Dreyfus Disciplined Stock Fund

        Dreyfus Floating Rate Income Fund

        Dreyfus Institutional S&P 500 Stock Index Fund

        Dreyfus Opportunistic Fixed Income Fund      

        Dreyfus Tax Managed Growth Fund

        General AMT-Free Municipal Money Market Fund

        General Treasury and Agency Money Market Fund

The Dreyfus/Laurel Funds Trust

        Dreyfus Emerging Markets Debt Local Currency Fund

        Dreyfus Equity Income Fund

        Dreyfus Global Equity Income Fund

        Dreyfus High Yield Fund

        Dreyfus International Bond Fund

Dreyfus Liquid Assets, Inc.

Dreyfus Manager Funds I

        Dreyfus Research Long/Short Equity Fund

Dreyfus Manager Funds II

        Dreyfus Balanced Opportunity Fund

Dreyfus Midcap Index Fund, Inc.

Dreyfus Municipal Bond Infrastructure Fund, Inc.

Dreyfus Municipal Bond Opportunity Fund

Dreyfus Municipal Funds, Inc.                  

        Dreyfus AMT-Free Municipal Bond Fund

        Dreyfus High Yield Municipal Bond Fund

Dreyfus Municipal Income, Inc.

Dreyfus New Jersey Municipal Bond Fund, Inc.

Dreyfus New York AMT-Free Municipal Bond Fund

Dreyfus New York Tax Exempt Bond Fund, Inc.

Dreyfus Opportunity Funds

        Dreyfus Natural Resources Fund

        Dreyfus Strategic Beta Emerging Markets Equity Fund

        Dreyfus Strategic Beta Global Equity Fund

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

Dreyfus California AMT-Free Municipal Bond Fund

Dreyfus Premier GNMA Fund, Inc.
        Dreyfus GNMA Fund

Dreyfus Premier Investment Funds, Inc.

        Dreyfus Diversified International Fund

        Dreyfus Global Infrastructure Fund

        Dreyfus Global Real Estate Securities Fund

        Dreyfus Large Cap Growth Fund

        Dreyfus Large Cap Equity Fund

Dreyfus Premier Short‑Intermediate Municipal Bond Fund

        Dreyfus Short‑Intermediate Municipal Bond Fund

Dreyfus Premier Worldwide Growth Fund, Inc.

        Dreyfus Worldwide Growth Fund

Dreyfus Research Growth Fund, Inc.

The Dreyfus Socially Responsible Growth Fund, Inc.

6

Dreyfus State Municipal Bond Funds

        Dreyfus Connecticut Fund

        Dreyfus Massachusetts Fund

        Dreyfus Pennsylvania Fund

Dreyfus Stock Funds

        Dreyfus International Small Cap Fund

        Dreyfus International Equity Fund

        Dreyfus Small Cap Equity Fund

Dreyfus Stock Index Fund, Inc.

Dreyfus Strategic Municipal Bond Fund, Inc.

Dreyfus Strategic Municipals, Inc.

Dreyfus Tax Exempt Cash Management Funds

        Dreyfus AMT-Free Tax Exempt Cash Management

        Dreyfus California AMT-Free Municipal Cash Management

Dreyfus Third Century Fund, Inc.

Dreyfus Treasury & Agency Cash Management

Dreyfus Treasury Securities Cash Management

Dreyfus Ultra Short Income Fund

Dreyfus U.S. Treasury Intermediate Term Fund

Dreyfus U.S. Treasury Long Term Fund

Dreyfus Variable Investment Fund

        Appreciation Portfolio

        Opportunistic Small Cap Portfolio

        Government Money Market Portfolio

        Growth and Income Portfolio

        International Equity Portfolio

        International Value Portfolio

        Quality Bond Portfolio

General California Municipal Money Market Fund

General Government Securities Money Market Funds, Inc.

        General Government Securities Money Market Fund

        General Treasury Securities Money Market Fund

General Money Market Fund, Inc.

General Municipal Money Market Funds, Inc.

        General Municipal Money Market Fund

General New Jersey Municipal Money Market Fund, Inc.

General New York AMT-Free Municipal Money Market Fund

Strategic Funds, Inc.  

        Dreyfus Active MidCap Fund

        Dreyfus Conservative Allocation Fund

        Dreyfus Growth Allocation Fund

        Dreyfus MLP Fund

        Dreyfus Moderate Allocation Fund

        Dreyfus Select Managers Small Cap Growth Fund

        Dreyfus Select Managers Small Cap Value Fund

        Dreyfus U.S. Equity Fund

        Global Stock Fund

        International Stock Fund           

7