December 1, 1995
                       THE DREYFUS THIRD CENTURY
                               FUND, INC.
                       SUPPLEMENT TO PROSPECTUS
                       DATED SEPTEMBER 15, 1995
        THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF
THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES," AND "HOW TO
REDEEM FUND SHARES":
        Effective December 1, 1995, Dreyfus Transfer, Inc., a wholly-owned
subsidiary of The Dreyfus Corporation, is located at One American Express
Plaza, Providence, Rhode Island 02903, and serves as the Fund's Transfer and
Dividend Disbursing Agent (the "Transfer Agent").
        Effective January 1, 1996, the telephone number for the following
transactions is 1-800-645-6561 or, if you are calling from overseas,
516-794-5452:
        *      Dreyfus TELETRANSFER Privilege
        *      Telephone Exchange Privilege
        *      Wire Redemption Privilege
        *      Telephone Redemption Privilege
035s120195


                                                        December 1, 1995

                    THE DREYFUS THIRD CENTURY FUND, INC.

             Supplement to Statement of Additional Information
                          Dated September 15, 1995

     The following information supplements and supersedes any contrary
information contained in the Fund's Statement of Additional Information:

How to Buy Fund Shares -- Dreyfus TeleTransfer Privilege.  Dreyfus
                          ------------------------------
TeleTransfer purchase orders may be made at any time.  Purchase orders
received by 4:00 P.M., New York time, on any business day that Dreyfus
Transfer, Inc., the Fund's transfer and dividend disbursing agent (the
"Transfer Agent"), and the New York Stock Exchange are open for business
will be credited to the shareholder's Fund account on the next bank
business day following such purchase order.  Purchase orders made after
4:00 P.M., New York time, on any business day the Transfer Agent and the
New York Stock Exchange are open for business, or orders made on Saturday,
Sunday or any Fund holiday (e.g., when the New York Stock Exchange is not
open for business), will be credited to the shareholder's Fund account on
the second bank business day following such purchase order.

Effective December 1, 1995, Dreyfus Transfer, Inc. (the "Transfer Agent")
became the Fund's transfer and dividend disbursing agent.  The Transfer
Agent, a wholly owned subsidiary of the Manager, is located at One American
Express Plaza, Providence, Rhode Island 02903.  Under a transfer agency
agreement with the Fund, the Transfer Agent arranges for the maintenance of
shareholder account records for the Fund, the handling of certain
communications between shareholders and the Fund and the payment of
dividends and distributions payable by the Fund.  For these services, the
Transfer Agent receives a monthly fee computed on the basis of the number
of shareholder accounts it maintains for the Fund during the month, and is
reimbursed for certain out-of-pocket expenses.  The Transfer Agent has no
part in determining the investment policies of the Fund or which securities
are to be purchased or sold by the Fund.