Fidelity Bond

RESOLVED, that it is the determination of the Fund’s Board at this meeting, including a majority of its members who are note “interested persons” (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Fund (“non-interest Board members”), that the joint insured fidelity bonds (collectively, the “Bond”) written by the following respective entities in the following amounts:

Name of Fidelity Insurer	Amount of Coverage
National Union Fire Insurance Company of	$10,000,000
Pittsburgh, PA (AIG)
Federal Insurance Company (Chubb)	$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* (CNA)	$15,000,000
Fidelity & Deposit Company of Maryland* (Zurich)	$10,000,000
U.S. Specialty Insurance Company* (HCC)	$5,000,000
Total Coverage	$100,000,000

*Excessof$25millionasco-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 Securities and Exchange Commission (“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

RESOLVED,thattheFund’sBoard,includingamajorityoftheindependentBoardmembers, herebyratifiesandapprovesthepaymentbytheFundofitsproratashare,basedontheassetsof therespectivecoveredFunds,ofthepremiumforcoverageundertheBond,intheformand amountdescribedabove,havinggivendueconsiderationtoallrelevantfactorsincluding,butnot limitedto,thenumberofotherpartiesnamedasinsuredpartiesundertheBond,thenatureofthe businessactivitiesofsuchotherparties,theamountoftheBond,theamountofthepremiumfor theBond,theratableallocationofthepremiumamongallthepartiesnamedasinsureds,andthe extenttowhichtheshareofthepremiumallocatedtotheFundislessthanthepremiumtheFund would have had topayifithad provided and maintained a single insured bond;and itisfurther

RESOLVED,thateachofthePresident,anyVicePresident,theSecretaryandtheTreasurer herebyisdesignatedastheofficerresponsibleformakingallfilingswiththeSECandgivingall noticesonbehalfoftheFundwithrespecttotheBondrequiredbyparagraph(g)ofRule17g-1 promulgated bythe SECunderthe 1940 Act;and itis further

RESOLVED,thattheappropriateofficersoftheFundbe,andeachherebyis,authorizedtotake theactionsasmayberequiredtoamendtheBondtoincludeinthecoveragenewfundsadvised, sub-advisedoradministeredbyDreyfusoritsaffiliates,asofthedateeachisdeclaredeffective bythe SEC;and itis further

RESOLVED,thattheAgreementRegardingDreyfusJointInsuredBond,substantiallyinthe formpreviouslyapproved,shallremain infullforce and effect;anditisfurther

RESOLVED,thattheappropriateofficersoftheFundbe,andeachherebyis,authorizedtomake anyandallpaymentsandtodoanyandallotheracts,inthenameoftheFundandonitsbehalf, as they, or anyof them,maydetermine to be necessaryor desirable and properin connection with orinfurtheranceoftheforegoingresolutionsandthatanypaymentsandanyandallotheracts,in thenameoftheFundandonitsbehalf,consistentwiththeforegoingresolutionsandasmayhave beendeterminedtobenecessaryordesirableandproperinconnectionwithorinfurtheranceof theforegoingresolutionsbe, andtheyherebyare,ratified and approved.