40-17G

EX-99

PROPOSED RESOLUTIONS

RESOLVED, that it is the determination of the Fund’s Board at this meeting, including a majority of its members who are not “interested persons” (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)) of the Fund (“non-interested 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 Pittsburgh	$25,000,000
Vigilant Insurance Company	$25,000,000
	in excess of
	$25,000,000
Great American Insurance Company*	$25,000,000
Fidelity & Deposit Company of Maryland*	$25,000,000
Continental Casualty Company*	$15,000,000
AXIS Surplus Insurance Company*	$10,000,000
Total Coverage	$125,000,000

*Excess of $50 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 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 pa rties; and it was further

1

[as applicable] RESOLVED, that the Fund’s Board, including a majority of the non-interested Board

members, hereby 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 was 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 was

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 The Dreyfus Corporation (“Dreyfus”) or

its affiliates, as of the date each is declared effective by the SEC; and it was further

RESOLVED, that the Agreement Regarding Dreyfus Joint Insured Bond, in the form

previously approved, shall remain in full force and effect.

2

EX-99

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus 100% U.S. Treasury Money Market Fund	$1,191,684,201	$1,250,000
Dreyfus Appreciation Fund, Inc.	$1,795,065,937	$1,500,000
Dreyfus BASIC Money Market Fund, Inc.	$869,700,622	$1,000,000
Dreyfus BASIC U.S. Government Money Market Fund	$251,405,646	$750,000
Dreyfus BASIC U.S. Mortgage Securities Fund	$110,649,064	$525,000
Dreyfus Cash Management	$39,545,457,695	$2,500,000
Dreyfus Cash Management Plus, Inc.	$5,679,334,745	$2,500,000
Dreyfus Connecticut Municipal Money Market Fund, Inc.	$165,281,223	$600,000
Dreyfus Growth and Income Fund, Inc.	$501,682,544	$900,000
Dreyfus High Yield Strategies Fund	$406,791,767	$750,000
Dreyfus Intermediate Municipal Bond Fund, Inc.	$830,569,351	$1,000,000
Dreyfus Liquid Assets, Inc.	$4,490,416,765	$2,500,000
Dreyfus Massachusetts Municipal Money Market Fund	$192,744,134	$600,000
Dreyfus MidCap Index Fund	$1,848,668,974	$1,500,000
Dreyfus Municipal Bond Opportunity Fund	$554,650,921	$900,000
Dreyfus Municipal Cash Management Plus	$1,383,175,032	$1,250,000
Dreyfus Municipal Income, Inc.	$288,850,844	$750,000
Dreyfus Municipal Money Market Fund, Inc.	$515,155,182	$900,000
Dreyfus New Jersey Municipal Bond Fund, Inc.	$619,509,420	$900,000
Dreyfus New Jersey Municipal Money Market Fund, Inc.	$436,416,064	$750,000
Dreyfus New York AMT-Free Municipal Bond Fund	$380,220,309	$750,000
Dreyfus New York AMT-Free Municipal Money Market Fund	$298,180,678	$750,000

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus New York Municipal Cash Management	$953,326,142	$1,000,000
Dreyfus New York Tax Exempt Bond Fund, Inc.	$1,411,991,657	$1,250,000
Dreyfus Pennsylvania Municipal Money Market Fund	$238,524,367	$600,000
Dreyfus Research Growth Opportunity Fund, Inc.	$155,346,423	$600,000
Dreyfus Short-Intermediate Government Fund	$216,422,496	$600,000
Dreyfus Stock Index Fund, Inc.	$1,669,178,509	$1,500,000
Dreyfus Strategic Municipal Bond Fund, Inc.	$582,100,318	$900,000
Dreyfus Strategic Municipals, Inc.	$796,008,267	$1,000,000
Dreyfus Treasury & Agency Cash Management	$15,316,218,698	$2,500,000
Dreyfus Treasury Prime Cash Management	$27,174,153,299	$2,500,000
Dreyfus U.S. Treasury Intermediate Term Fund	$137,466,620	$525,000
Dreyfus U.S. Treasury Long Term Fund	$68,637,408	$400,000
Dreyfus Worldwide Dollar Money Market Fund, Inc.	$576,627,255	$900,000
General California Municipal Money Market Fund	$598,593,641	$900,000
General Money Market Fund, Inc.	$12,875,332,920	$2,500,000
General New York Municipal Money Market Fund	$435,092,382	$750,000
The Dreyfus Fund Incorporated	$925,385,766	$1,000,000
The Dreyfus Socially Responsible Growth Fund, Inc.	$218,646,865	$600,000
The Dreyfus Third Century Fund, Inc.	$232,367,948	$600,000
CitizensSelect Funds
CitizensSelect Prime Money Market Fund

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
CitizensSelect Treasury Money Market Fund
GROUP TOTAL:	$1,319,694,847	$1,250,000
Dreyfus Bond Funds, Inc.
Dreyfus Municipal Bond Fund
GROUP TOTAL:	$1,801,336,653	$1,500,000
Dreyfus Funds, Inc.
Dreyfus Discovery Fund
Dreyfus Equity Growth Fund
Dreyfus Mid-Cap Growth Fund
GROUP TOTAL:	$548,716,777	$900,000
Dreyfus Government Cash Management Funds
Dreyfus Government Cash Management
Dreyfus Government Prime Cash Management Fund
GROUP TOTAL:	$32,417,037,263	$2,500,000
ADVANTAGE FUNDS, INC.
Dreyfus Emerging Leaders Fund
Dreyfus Global Absolute Return Fund
Dreyfus International Value Fund
Dreyfus MidCap Value Fund
Dreyfus Small Company Value Fund
Dreyfus Strategic Value Fund
Dreyfus Structured Mid Cap Fund
Dreyfus Technology Growth Fund

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus Total Return Advantage Fund
Global Alpha Fund
GROUP TOTAL:	$3,048,341,759	$2,100,000
DREFYSU INSTITUTIONAL CASH ADVANTAGE FUNDS
Dreyfus Institutional Cash Advantage Fund
Dreyfus Institutional Cash Advantage Plus Fund
GROUP TOTAL:	$40,143,834,713	$2,500,000
Dreyfus Investment Funds
/STANDISH GLOBAL FIXED INCOME FUND
/Standish Intermediate Tax Exempt Bond Fund
/The Boston Company Emerging Markets Core Equity Fund
/The Boston Company Large Cap Core Fund
/The Boston Company Small/Mid Cap Growth Fund
Dreyfus Brazil Equity Fund
Dreyfus/Newton International Equity Fund
Dreyfus/Standish Fixed Income Fund
Dreyfus/Standish International Fixed Income Fund
Dreyfus/TBCAM International Core Equity fund
Dreyfus/TBCAM Small Cap Growth Fund
Dreyfus/TBCAM Small Cap Tax-Sesitive Equity Fund
Dreyfus/TBCAM Small Cap Value Fund
GROUP TOTAL:	$2,227,007,229	$1,700,000

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus Investment Grade Funds, Inc.
Dreyfus Inflation Adjusted Securities Fund
Dreyfus Intermediate Term Income Fund
Dreyfus Short Term Income Fund
GROUP TOTAL:	$1,848,186,100	$1,500,000
Dreyfus Index Funds, Inc.
Dreyfus International Stock Index Fund
Dreyfus S&P 500 Index Fund
Dreyfus Smallcap Stock Index Fund
GROUP TOTAL:	$3,633,950,971	$2,300,000
Dreyfus International Funds, Inc.
Dreyfus Emerging Markets Fund
GROUP TOTAL:	$943,651,680	$1,000,000
DREYFUS INSTITUTIONAL PREFERRED MONEY
MARKET FUNDS
Dreyfus Institutional Preferred Money Market Fund
Dreyfus Institutional Preferred Plus Money Market Fund
GROUP TOTAL:	$10,862,507,680	$2,500,000
DREYFUS INSITUTIONAL RESERVES FUNDS
Dreyfus Institutional Reserves Money Fund
Dreyfus Institutional Reserves Treasury Fund
Dreyfus Institutional Reserves Treasury Prime Fund
GROUP TOTAL:	$13,798,602,333	$2,500,000

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus Investment Portfolios
Core Value Portfolio
MidCap Stock Portfolio
Small Cap Stock Index Portfolio
Technology Growth Portfolio
GROUP TOTAL:	$466,414,454	$750,000
The Dreyfus/Laurel Funds, Inc.
Dreyfus AMT-Free Municipal Reserves
Dreyfus BASIC S&P 500 Stock Index Fund
Dreyfus Bond Market Index Fund
Dreyfus Core Equity Fund
Dreyfus Disciplined Stock Fund
Dreyfus Money Market Reserves
Dreyfus Small Cap Value Fund
Dreyfus Strategic Income Fund
Dreyfus Tax Managed Growth Fund
Dreyfus US Treasury Reserves
GROUP TOTAL:	$5,386,093,784	$2,500,000
DREYFUS LAUREL FUNDS TRUST
Drey. Equity Income Fund
Dreyfus Core Value Fund
Dreyfus Emerging Markets Debt Local Currency Fund
Dreyfus Global Equity Income Fund

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus International Bond Fund
Dreyfus Limited Term High Yield Fund
GROUP TOTAL:	$1,967,390,525	$1,500,000
The Dreyfus/Laurel Tax-Free Municipal Funds
Dreyfus BASIC California Municipal Money Market Fund
Dreyfus BASIC Massachusetts Municipal Money Market Fund
Dreyfus BASIC New York Municipal Money Market Fund
GROUP TOTAL:	$522,523,519	$900,000
Dreyfus LifeTime Portfolios, Inc.
Growth & Income Portfolio
GROUP TOTAL:	$68,724,648	$400,000
Dreyfus Municipal Funds, Inc.
Dreyfus AMT-Free Municpal Bond Fund
Dreyfus BASIC Municipal Money Market Fund
Dreyfus BASIC New Jersey Municipal Money Market Fund
Dreyfus High Yield Municipal Bond Fund
GROUP TOTAL:	$1,146,602,541	$1,250,000
Dreyfus Money Market Instruments, Inc.
Government Securities Series
Money Market Series
GROUP TOTAL:	$2,034,007,133	$1,700,000
Dreyfus Premier California AMT-Free Municipal Bond Fund,
Inc.

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus California AMT-Free Municipal Bond Fund, Inc.
GROUP TOTAL:	$1,364,697,722	$1,250,000
Dreyfus Premier GNMA Fund, Inc.
Dreyfus GNMA Fund
GROUP TOTAL:	$956,882,710	$1,000,000
DREYFUS PREMIER INVESTMENT FUNDS, INC.
Dreyfus Diversified Global Fund
Dreyfus Diversified International Fund
Dreyfus Diversified Large Cap Fund
Dreyfus Emerging Asia Fund
Dreyfus Global Real Estate Securities Fund
Dreyfus Greater China Fund
Dreyfus Large Cap Value Fund
Dreyfus Large Cap Equity Fund
Dreyfus Large Cap Growth Fund
Dreyfus Satellite Alpha Fund
GROUP TOTAL:	$1,951,112,071	$1,500,000
Dreyfus Manager Funds I
Dreyfus Alpha Growth Fund
Dreyfus S&P Stars Fund
Dreyfus S&P Stars Opportunities Fund
GROUP TOTAL:	$673,002,959	$900,000

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus Managers Funds II
Dreyfus Balanced Opportunity Fund
GROUP TOTAL:	$311,900,722	$750,000
DREYFUS OPPORTUNITY FUNDS
Dreyfus Global Sustainability Fund
Dreyfus Natural Resources Fund
GROUP TOTAL:	$35,923,169	$350,000
Dreyfus Stock Funds
Dreyfus International Equity Fund
Dreyfus Small Cap Equity Fund
GROUP TOTAL:	$294,675,566	$750,000
Dreyfus Premier Short-Intermediate Municipal Bond Fund
Dreyfus Short Intermediate Municipal Bond Fund
GROUP TOTAL:	$563,504,338	$900,000
DREYFUS PREMIER WORLDWIDE GROWTH FUND, INC.
Dreyfus Worldwide Growth Fund
GROUP TOTAL:	$430,181,233	$750,000
DREYFUS TAX EXEMPT CASH MANAGEMENT FUNDS
Dreyfus California AMT Tax-Free Cash Management
Dreyfus New York AMT-Free Municipal Cash Management
Dreyfus Tax Exempt Cash Management
GROUP TOTAL:	$4,450,521,438	$2,500,000
DREYFUS VARIABLE INVESTMENT FUND

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Appreciation Portfolio
Developing Leaders Portfolio
Growth and Income Portfolio
International Equity Portfolio
International Value Portfolio
Money Market Portfolio
Quality Bond Portfolio
GROUP TOTAL:	$1,304,333,277	$1,250,000
General Government Securities Money Market Funds, Inc.
General Government Securities Money Market Fund
General Treasury Prime Money Market Fund
GROUP TOTAL:	$3,246,457,207	$2,100,000
General Municipal Money Market Funds, Inc.
General Municipal Money Market Fund
GROUP TOTAL:	$811,263,203	$1,000,000
BNY MELLON FUNDS TRUST
BNY Mellon Bond Fund
BNY MELLON FOCUSED EQUITY OPPORTUNITIES
BNY Mellon Intermediate Bond Fund
BNY Mellon Intermediate U.S. Government Fund
BNY Mellon International Appreciation Fund
BNY Mellon Large Cap Stock Fund

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
BNY Mellon Massachusetts Intermediate Municipal Bond Fund
BNY Mellon Money Market 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/MID CAP FUND
BNY Mellon U.S. Core Equity 130/30 Fund
Mellon Balanced Fund
Mellon Emerging Markets Fund
Mellon Income Stock Fund
Mellon International Fund
Mellon Mid Cap Stock Fund
Mellon Small Cap Stock Fund
GROUP TOTAL:	$16,744,769,316	$2,500,000
Dreyfus State Municipal Bond Funds
Dreyfus Connecticut Fund
Dreyfus Maryland Fund
Dreyfus Massachusetts Fund
Dreyfus Minnesota Fund

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser, Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2010 Pursuant to Rule 17g-1(d) Under the Investment CompanyAct of 1940

Fund Name		Amount of Bond
	Gross Assets at	Required Pursuant to
	1/31/2010	Rule 17g-1(d)
Dreyfus Ohio Fund
Dreyfus Pennsylvania Fund
GROUP TOTAL:	$1,270,311,206	$1,250,000
Strategic Funds, Inc.
Dreyfus Conservative Allocation fund
Dreyfus Growth Allocation Fund
Dreyfus Moderate Allocation Fund
Dreyfus New Leaders Fund
Dreyfus Select Managers Small Cap Value Fund
Dreyfus U.S. Equity Fund
Emerging Markets Opportunity Fund
Global Stock Fund
International Stock Fund
GROUP TOTAL:	$1,309,192,525	$1,250,000
GRAND TOTALS:	$286,840,385,369*	$96,700,000*
AVAILABLE FIDELITY BOND COVERAGE		$125,000,000

* Amounts include the assets of Fund of Funds, if those assets were excluded gross assets would be $286,243,075,030 and the amount of Bond coverage required under Rule 17g-1 (d) would be less.

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.

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

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

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

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

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

/s/Kiesha Astwood

Kiesha Astwood

Vice President of:

Dated as of January 31, 2010

Advantage Funds, Inc.

Dreyfus Emerging Leaders Fund

Dreyfus Midcap Value Fund

Dreyfus Opportunistic Small Cap Fund

(formerly, Dreyfus Small Company Value Fund)

Dreyfus Global Absolute Return Fund

Dreyfus International Value Fund

Dreyfus Strategic Value Fund

Dreyfus Structured Midcap Fund

Dreyfus Technology Growth Fund

Dreyfus Total Return Advantage Fund

Global Alpha Fund

BNY Mellon Funds Trust

BNY Mellon Balanced Fund

BNY Mellon Bond Fund

BNY Mellon Emerging Markets Fund

BNY Mellon Focused Equity Opportunities Fund

BNY Mellon Income Stock Fund

BNY Mellon Intermediate Bond Fund

BNY Mellon Intermediate U.S. Government Fund

BNY Mellon International Appreciation Fund

BNY Mellon International Fund

BNY Mellon Large Cap Stock Fund

BNY Mellon Massachusetts Intermediate Municipal Bond Fund

BNY Mellon Money Market Fund

BNY Mellon Mid Cap Stock 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 Stock Fund

BNY Mellon Small/Mid Cap Fund

BNY Mellon U.S. Core Equity 130/30 Fund

CitizensSelect Funds

CitizensSelect Prime Money Market Fund

CitizensSelect Treasury Money Market Fund

Dreyfus Appreciation Fund, Inc.

Dreyfus BASIC Money Market Fund, Inc.

Dreyfus BASIC U.S. Government Money Market Fund

Dreyfus BASIC U.S. Mortgage Securities Fund

Dreyfus Bond Funds, Inc.

Dreyfus Municipal Bond Fund

Dreyfus Cash Management

Dreyfus Cash Management Plus, Inc.

Dreyfus Connecticut Municipal Money Market Fund, Inc.

The Dreyfus Fund Incorporated

Dreyfus Funds, Inc.

Dreyfus Discovery Fund

Dreyfus Equity Growth Fund

Dreyfus Mid-Cap Growth Fund

Dreyfus Government Cash Management Funds

Dreyfus Government Cash Management

Dreyfus Government Prime 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 Cash Advantage Funds

Dreyfus Institutional Cash Advantage Fund

Dreyfus Institutional Cash Advantage Plus Fund

Dreyfus Institutional Preferred Money Market Funds

Dreyfus Institutional Preferred Money Market Fund

Dreyfus Institutional Preferred Plus Money Market Fund

Dreyfus Institutional Reserves Funds

Dreyfus Institutional Reserves Treasury Prime Fund

Dreyfus Institutional Reserves Treasury Fund

Dreyfus Institutional Reserves Money Fund

Dreyfus Intermediate Municipal Bond Fund, Inc.

Dreyfus International Funds, Inc.

Dreyfus Brazil Equity Fund

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/The Boston Company Large Cap Core Fund

Dreyfus/The Boston Company Small Cap Value Fund

Dreyfus/The Boston Company Small Cap Growth Fund

Dreyfus/The Boston Company Small/Mid Cap Growth Fund

Dreyfus/The Boston Company Small Cap Tax-Sensitive Equity Fund

Dreyfus/The Boston Company Emerging Markets Core Equity Fund

Dreyfus/The Boston Company International Core Equity Fund

Dreyfus/Standish Fixed Income Fund

Dreyfus/Standish Global Fixed Income Fund

Dreyfus/Standish International Fixed Income Fund

Dreyfus/Standish Intermediate Tax Exempt Bond Fund

Dreyfus/Newton International Equity Fund

Dreyfus Investment Portfolios

Core Value Portfolio

MidCap Stock Portfolio

Small Cap Stock Index Portfolio

Technology Growth Portfolio

The Dreyfus/Laurel Funds, Inc.

Dreyfus AMT-Free Municipal Reserves

Dreyfus BASIC S&P 500 Stock Index Fund

Dreyfus Bond Market Index Fund

Dreyfus Core Equity Fund

Dreyfus Disciplined Stock Fund

Dreyfus Money Market Reserves

Dreyfus Small Cap Value Fund

Dreyfus Strategic Income Fund

Dreyfus Tax Managed Growth Fund

Dreyfus U.S. Treasury Reserves

The Dreyfus/Laurel Funds Trust

Dreyfus Core Value Fund

Dreyfus Emerging Markets Debt Local Currency Fund

Dreyfus Equity Income Fund

Dreyfus Global Equity Income Fund

Dreyfus International Bond Fund

Dreyfus High Yield Fund

The Dreyfus/Laurel Tax-Free Municipal Funds

Dreyfus BASIC California Municipal Money Market Fund

Dreyfus BASIC Massachusetts Municipal Money Market Fund

Dreyfus BASIC New York Municipal Money Market Fund

Dreyfus LifeTime Portfolios, Inc.

Growth & Income Portfolio

Dreyfus Liquid Assets, Inc.

Dreyfus Manager Funds I

Dreyfus Alpha Growth Fund

Dreyfus S&P STARS Fund

Dreyfus S&P STARS Opportunities Fund

Dreyfus Manager Funds II

Dreyfus Balanced Opportunity Fund

Dreyfus Massachusetts Municipal Money Market Fund

Dreyfus Midcap Index Fund, Inc.

Dreyfus Money Market Instruments, Inc.

Government Securities Series

Money Market Series

Dreyfus Municipal Bond Opportunity Fund

Dreyfus Municipal Cash Management Plus

Dreyfus Municipal Funds, Inc.

Dreyfus AMT-Free Municipal Bond Fund

Dreyfus BASIC Municipal Money Market Fund

Dreyfus BASIC New Jersey Municipal Money Market Fund

Dreyfus High Yield Municipal Bond Fund

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

Dreyfus Municipal Money Market Fund, Inc.

Dreyfus New Jersey Municipal Bond Fund, Inc.

Dreyfus New Jersey Municipal Money Market Fund, Inc.

Dreyfus New York AMT-Free Municipal Money Market Fund

Dreyfus New York AMT-Free Municipal Bond Fund

Dreyfus New York Municipal Cash Management

Dreyfus New York Tax Exempt Bond Fund, Inc.

Dreyfus Opportunity Funds

Dreyfus Global Sustainability Fund

Dreyfus Natural Resources Fund

Dreyfus Pennsylvania Municipal Money Market 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 Global Fund

Dreyfus Diversified International Fund

Dreyfus Diversified Large Cap Fund

Dreyfus Emerging Asia Fund

Dreyfus Global Real Estate Securities Fund

Dreyfus Greater China Fund

Dreyfus Large Cap Growth Fund

Dreyfus Large Cap Equity Fund

Dreyfus Large Cap Value Fund

Dreyfus Satellite Alpha 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.

Dreyfus Short-Intermediate Government Fund

The Dreyfus Socially Responsible Growth Fund, Inc.

Dreyfus State Municipal Bond Funds

Dreyfus Connecticut

Dreyfus Maryland Fund

Dreyfus Massachusetts Fund

Dreyfus Minnesota Fund

Dreyfus Ohio Fund

Dreyfus Pennsylvania

Dreyfus Stock Funds

Dreyfus International Fund

Dreyfus Small Cap Equity Fund

Dreyfus Stock Index Fund, Inc.

Dreyfus Strategic Municipal Bond Fund, Inc.

(closed-end fund)

Dreyfus Strategic Municipals, Inc.

(closed-end fund)

Dreyfus Tax Exempt Cash Management Funds

Dreyfus California AMT-Free Municipal Cash Management

Dreyfus New York AMT-Free Municipal Cash Management

Dreyfus Tax Exempt Cash Management

The Dreyfus Third Century Fund, Inc.

Dreyfus Treasury & Agency Cash Management

Dreyfus Treasury Prime Cash Management

Dreyfus 100% U.S. Treasury Money Market Fund

Dreyfus U.S. Treasury Intermediate Term Fund

Dreyfus U.S. Treasury Long Term Fund

Dreyfus Variable Investment Fund

Appreciation Portfolio

Developing Leaders Portfolio

Growth and Income Portfolio

International Equity Portfolio

International Value Portfolio

Money Market Portfolio

Quality Bond Portfolio

Dreyfus Worldwide Dollar Money Market Fund, Inc.

General California Municipal Money Market Fund

General Government Securities Money Market Funds, Inc.

General Government Securities Money Market Fund

General Treasury Prime Money Market Fund

General Money Market Fund, Inc.

General Municipal Money Market Funds, Inc.

General Municipal Money Market Fund

General New York Municipal Money Market Fund

Strategic Funds, Inc.

Dreyfus Active MidCap Fund

Dreyfus Conservative Allocation Fund

Dreyfus Growth Allocation Fund

Dreyfus Moderate Allocation Fund

Dreyfus Select Managers Small Cap Value Fund

Dreyfus U.S. Equity Fund

Emerging Markets Opportunity Fund

Global Stock Fund

International Stock Fund

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.

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

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

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

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

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

/s/Kiesha Astwood

Kiesha Astwood

Vice President of:

Dated as of January 31, 2010

As Amended March 8, 2010

Advantage Funds, Inc.

Dreyfus Emerging Leaders Fund

Dreyfus Midcap Value Fund

Dreyfus Opportunistic Small Cap Fund

(formerly, Dreyfus Small Company Value Fund)

Dreyfus Global Absolute Return Fund

Dreyfus International Value Fund

Dreyfus Strategic Value Fund

Dreyfus Structured Midcap Fund

Dreyfus Technology Growth Fund

Dreyfus Total Return Advantage Fund

Global Alpha Fund

BNY Mellon Funds Trust

BNY Mellon Balanced Fund

BNY Mellon Bond Fund

BNY Mellon Emerging Markets Fund

BNY Mellon Focused Equity Opportunities Fund

BNY Mellon Income Stock Fund

BNY Mellon Intermediate Bond Fund

BNY Mellon Intermediate U.S. Government Fund

BNY Mellon International Appreciation Fund

BNY Mellon International Fund

BNY Mellon Large Cap Stock Fund

BNY Mellon Massachusetts Intermediate Municipal Bond Fund

BNY Mellon Money Market Fund

BNY Mellon Mid Cap Stock 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 Stock Fund

BNY Mellon Small/Mid Cap Fund

BNY Mellon U.S. Core Equity 130/30 Fund

CitizensSelect Funds

CitizensSelect Prime Money Market Fund

CitizensSelect Treasury Money Market Fund

Dreyfus Appreciation Fund, Inc.

Dreyfus BASIC Money Market Fund, Inc.

Dreyfus BASIC U.S. Government Money Market Fund

Dreyfus BASIC U.S. Mortgage Securities Fund

Dreyfus Bond Funds, Inc.

Dreyfus Municipal Bond Fund

Dreyfus Cash Management

Dreyfus Cash Management Plus, Inc.

Dreyfus Connecticut Municipal Money Market Fund, Inc.

Dreyfus Dynamic Alternatives Fund, Inc.

The Dreyfus Fund Incorporated

Dreyfus Funds, Inc.

Dreyfus Discovery Fund

Dreyfus Equity Growth Fund

Dreyfus Mid-Cap Growth Fund

Dreyfus Government Cash Management Funds

Dreyfus Government Cash Management

Dreyfus Government Prime 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 Cash Advantage Funds

Dreyfus Institutional Cash Advantage Fund

Dreyfus Institutional Cash Advantage Plus Fund

Dreyfus Institutional Preferred Money Market Funds

Dreyfus Institutional Preferred Money Market Fund

Dreyfus Institutional Preferred Plus Money Market Fund

Dreyfus Institutional Reserves Funds

Dreyfus Institutional Reserves Treasury Prime Fund

Dreyfus Institutional Reserves Treasury Fund

Dreyfus Institutional Reserves Money Fund

Dreyfus Intermediate Municipal Bond Fund, Inc.

Dreyfus International Funds, Inc.

Dreyfus Brazil Equity Fund

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/The Boston Company Large Cap Core Fund

Dreyfus/The Boston Company Small Cap Value Fund

Dreyfus/The Boston Company Small Cap Growth Fund

Dreyfus/The Boston Company Small/Mid Cap Growth Fund

Dreyfus/The Boston Company Small Cap Tax-Sensitive Equity Fund

Dreyfus/The Boston Company Emerging Markets Core Equity Fund

Dreyfus/The Boston Company International Core Equity Fund

Dreyfus/Standish Fixed Income Fund

Dreyfus/Standish Global Fixed Income Fund

Dreyfus/Standish International Fixed Income Fund

Dreyfus/Standish Intermediate Tax Exempt Bond Fund

Dreyfus/Newton International Equity Fund

Dreyfus Investment Portfolios

Core Value Portfolio

MidCap Stock Portfolio

Small Cap Stock Index Portfolio

Technology Growth Portfolio

The Dreyfus/Laurel Funds, Inc.

Dreyfus AMT-Free Municipal Reserves

Dreyfus BASIC S&P 500 Stock Index Fund

Dreyfus Bond Market Index Fund

Dreyfus Core Equity Fund

Dreyfus Disciplined Stock Fund

Dreyfus Money Market Reserves

Dreyfus Small Cap Value Fund

Dreyfus Strategic Income Fund

Dreyfus Tax Managed Growth Fund

Dreyfus U.S. Treasury Reserves

The Dreyfus/Laurel Funds Trust

Dreyfus Core Value Fund

Dreyfus Emerging Markets Debt Local Currency Fund

Dreyfus Equity Income Fund

Dreyfus Global Equity Income Fund

Dreyfus International Bond Fund

Dreyfus High Yield Fund

The Dreyfus/Laurel Tax-Free Municipal Funds

Dreyfus BASIC California Municipal Money Market Fund

Dreyfus BASIC Massachusetts Municipal Money Market Fund

Dreyfus BASIC New York Municipal Money Market Fund

Dreyfus LifeTime Portfolios, Inc.

Growth & Income Portfolio

Dreyfus Liquid Assets, Inc.

Dreyfus Manager Funds I

Dreyfus Alpha Growth Fund

Dreyfus S&P STARS Fund

Dreyfus S&P STARS Opportunities Fund

Dreyfus Manager Funds II

Dreyfus Balanced Opportunity Fund

Dreyfus Massachusetts Municipal Money Market Fund

Dreyfus Midcap Index Fund, Inc.

Dreyfus Money Market Instruments, Inc.

Government Securities Series

Money Market Series

Dreyfus Municipal Bond Opportunity Fund

Dreyfus Municipal Cash Management Plus

Dreyfus Municipal Funds, Inc.

Dreyfus AMT-Free Municipal Bond Fund

Dreyfus BASIC Municipal Money Market Fund

Dreyfus BASIC New Jersey Municipal Money Market Fund

Dreyfus High Yield Municipal Bond Fund

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

Dreyfus Municipal Money Market Fund, Inc.

Dreyfus New Jersey Municipal Bond Fund, Inc.

Dreyfus New Jersey Municipal Money Market Fund, Inc.

Dreyfus New York AMT-Free Municipal Money Market Fund

Dreyfus New York AMT-Free Municipal Bond Fund

Dreyfus New York Municipal Cash Management

Dreyfus New York Tax Exempt Bond Fund, Inc.

Dreyfus Opportunity Funds

Dreyfus Global Sustainability Fund

Dreyfus Natural Resources Fund

Dreyfus Pennsylvania Municipal Money Market 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 Global Fund

Dreyfus Diversified International Fund

Dreyfus Diversified Large Cap Fund

Dreyfus Emerging Asia Fund

Dreyfus Global Real Estate Securities Fund

Dreyfus Greater China Fund

Dreyfus Large Cap Growth Fund

Dreyfus Large Cap Equity Fund

Dreyfus Large Cap Value Fund

Dreyfus Satellite Alpha 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.

Dreyfus Short-Intermediate Government Fund

The Dreyfus Socially Responsible Growth Fund, Inc.

Dreyfus State Municipal Bond Funds

Dreyfus Connecticut

Dreyfus Maryland Fund

Dreyfus Massachusetts Fund

Dreyfus Minnesota Fund

Dreyfus Ohio Fund

Dreyfus Pennsylvania

Dreyfus Stock Funds

Dreyfus International Fund

Dreyfus Small Cap Equity Fund

Dreyfus Stock Index Fund, Inc.

Dreyfus Strategic Municipal Bond Fund, Inc.

(closed-end fund)

Dreyfus Strategic Municipals, Inc.

(closed-end fund)

Dreyfus Tax Exempt Cash Management Funds

Dreyfus California AMT-Free Municipal Cash Management

Dreyfus New York AMT-Free Municipal Cash Management

Dreyfus Tax Exempt Cash Management

The Dreyfus Third Century Fund, Inc.

Dreyfus Treasury & Agency Cash Management

Dreyfus Treasury Prime Cash Management

Dreyfus 100% U.S. Treasury Money Market Fund

Dreyfus U.S. Treasury Intermediate Term Fund

Dreyfus U.S. Treasury Long Term Fund

Dreyfus Variable Investment Fund

Appreciation Portfolio

Developing Leaders Portfolio

Growth and Income Portfolio

International Equity Portfolio

International Value Portfolio

Money Market Portfolio

Quality Bond Portfolio

Dreyfus Worldwide Dollar Money Market Fund, Inc.

General California Municipal Money Market Fund

General Government Securities Money Market Funds, Inc.

General Government Securities Money Market Fund

General Treasury Prime Money Market Fund

General Money Market Fund, Inc.

General Municipal Money Market Funds, Inc.

General Municipal Money Market Fund

General New York Municipal Money Market Fund

Strategic Funds, Inc.

Dreyfus Active MidCap Fund

Dreyfus Conservative Allocation Fund

Dreyfus Growth Allocation Fund

Dreyfus Moderate Allocation Fund

Dreyfus Select Managers Small Cap Value Fund

Dreyfus U.S. Equity Fund

Emerging Markets Opportunity Fund

Global Stock Fund

International Stock Fund