40-17G

	National Union Fire Insurance Company of Pittsburgh, Pa.
				A capital stock company
POLICY NUMBER: 01-475-79-14		REPLACEMENT OF POLICY NUMBER: 01-486-35-79
	INVESTMENT COMPANY BLANKET BOND
	DECLARATIONS:
ITEM 1.	Name of Insured (herein called Insured): THE DREYFUS FUND INCORPORATED ET AL
	Principal Address:	200 PARK AVE
		NEW YORK, NY 10166
ITEM 2. Bond Period: from 12:01 a.m. January 31, 2011				to January 31, 2012
	the effective date of the termination or cancellation of this bond, standard time at
	the Principal Address as to each of said dates.
ITEM 3. Limit of Liability - Subject to Sections 9, 10 and 1 2 hereof,
				Single Loss		Single Loss
				Limit of Liability                    Deductible
	Insuring Agreement A (Fidelity)-		$	15,000,000	$	50,000
	Insuring Agreement B (Audit Expense)-		$	250,000	$	5,000
	Insuring Agreement C (On Premises)-		$	15,000,000	$	50,000
	Insuring Agreement D (In Transit)-		$	15,000,000	$	50,000
	Insuring Agreement E (Forgery or Alteration)-		$	15,000,000	$	50,000
	Insuring Agreement F (Securities)-		$	15,000,000	$	50,000
	Insuring Agreement G (Counterfeit Currency)-		$	15,000,000	$	50,000
	Insuring Agreement H (Stop Payment)-		$	200,000	$	25,000
	Insuring Agreement I (Uncollectible Items of Deposit)- $1,000,000				$	25,000
	Additional Coverages:
	Computer Systems		$	15,000,000	$	50,000
	Extended Computer Systems		$	15,000,000	$	50,000
	Automated Phone System		$	15,000,000	$	50,000
	Telefacimele Transfer Fraud		$	15,000,000	$	50,000
	Destruction of Data by Hacker		$	15,000,000	$	50,000

If "Not Covered" is inserted above opposite any specified Insuring

     Agreement or Coverage, such Insuring Agreement or Coverage and any other reference thereto in this bond shall be deemed to be deleted therefrom.

ITEM 4. Offices or Premises Covered-Offices acquired or established subsequent to the effective date of this bond are covered according to the terms of General Agreement A. All the Insured's offices or premises in existence at the time this bond becomes effective are covered under this bond except the offices or premises located as follows: No Exceptions

ITEM 5. The liability of the Underwriter is subject to the terms of the following riders attached thereto: Endorsement #1,#2, #3, #4, #5, #6, #7, #8, #9, #10, #11, #12, #13, #14, #15, #16, #17, #18, #19, #20, #21#22,#23,#24,#25,#26, #27, #28, #29, #30, #31, #32, #33, #34, #35, #36, #37

ITEM 6. The Insured by the acceptance of this bond gives to the

     Underwriter terminating or canceling prior bond(s) or policy(ies) No.(s) 01-486-35-79 such termination or cancellation to be effective as of the time this bond becomes effective.

PREMIUM: $65,445

IN WITNESS WHEREOF, the Insurer has caused this policy to be signed on the Declarations by its President, a Secretary and its duly authorized representative .

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

CHARTIS

National Union Fire Insurance Company of Pittsburgh, Pa.®

A capital stock company

IN VESTMENT COMPANY BLANKET BOND

The Underwriter, in consideration of an agreed premium, and subject to the Declarations made a
part hereof, the General Agreements, Conditions and Limitations and other terms of this bond,
agrees with the Insured, in accordance with the Insuring Agreements hereof to which an amount
of insurance is applicable as set forth in Item 3 of the Declarations and with respect to loss
sustained by the Insured at any time but discovered during the Bond Period, to indemnify and
hold harmless the Insured for:

     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.

SECTION 18. CHANGE OR MODIFICATION

     This bond or any instrument amending or effecting same may not be changed or modified orally. No changes in or modification thereof shall be effective unless made by written endorsement issued to form a part hereof over the signature of the Underwriters Authorized Representative. When a bond covers only one Investment Company no change or modification which would adversely affect the rights of the Investment Company shall be effective prior to 60 days after written notification has been furnished to the Securities and Exchange Comm is s ion, Washington, D.C. by the Insured or by the Underwriter. If more than one Investment Company is named as the Insured herein, the Underwriter shall give written notice to each Investment Company and to the Securities and Exchange Commission, Washington, D.C. not less than 60 days prior to the effective date of any change or modification which would adversely affect the rights of such Investment Company.

ENDORSEMENT# 1

This endorsement, effective 12.01 AM January 31, 2011 forms a part of
policy number 01-475-79-14
issuedto THEDREYFUSFUNDINCORPORATEDETAL

by NationalUnionFireInsuranceCompanyofPittsburgh,Pa.

NEW YORK STATUTORY RIDER/ENDORSEMENT

It is agreed that:
1	.	The Section 1 3 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;

	ENDORSEMENT# 1		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 1 5
				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 1 20 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.

	ENDORSEMENT# 1		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 2
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	VOICE INITIATED TRANSFER FRAUD, amended

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 Funds or
		other 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 Funds, 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.

	ENDORSEMENT# 2		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.

			authorized to initiate such.
		(B)	Funds means Money on deposit in an account.
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.

	ENDORSEMENT# 3
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	TELEFACSIMILE TRANSFER FRAUD, amended

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 Funds, Certificated Securities or Uncertificated Securities 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:

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.

	ENDORSEMENT# 3		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

		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.

	ENDORSEMENT# 4
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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@chartisinsurance.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: Chartis, Financial Lines Claims, P.O. Box 25947,
		Shawnee Mission, KS 66225 or faxing such notice to (866) 227- 1750.
2	.	Dellnitions: 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.

	ENDORSEMENT# 5
This endorsement, effective 12.01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.
	AUTOMATED TELEPHONE TRANSACTIONS (AMENDED)- delete manifest

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 shareholders which 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.

	ENDORSEMENT# 5		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number O1475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 5		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 insureds 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: DST System, 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.

	ENDORSEMENT# 6		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.

In the event, however, that destroyed or damaged Computer Programs, 

Electronic Data or Electronic Data Processing Media cannot be duplicated 

from other Computer Programs, Electronic Data or Electronic Data 

Processing 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 Computer Programs, Electronic Data or 

Electronic Data Processing 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.

	ENDORSEMENT# 7
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

AMENDED SECTION 4. LOSS -NOTICE -PROOF- LEGAL PROCEEDINGS

It is agreed that:

1. SECTION 4. LOSS -NOTICE -PROOF- LEGAL PROCEEDINGS is deleted in its entirety
and replaced by the following:

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 the Insured 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 Bank of New York Mellon Insurance Manager, Senior
Counsel of The Dreyf us Corporation with insurance responsibilities or Counsel of
The Dreyfus Corporation with insurance responsibilities:

(a) becomes aware of facts, or

	ENDORSEMENT# 7		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-7914
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

		(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.
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.

	ENDORSEMENT# 8
This endorsement, effective 12.01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 $25,000,000, 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" 

	ENDORSEMENT# 8		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

		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.

	ENDORSEMENT# 9
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 $25,000,000 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.

	ENDORSEMENT# 10
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

OMNIBUS NAMED 

It is agreed that:

1	.	The Insured 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	.	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.

	ENDORSEMENT# 11
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-47579-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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;

	ENDORSEMENT# 11		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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;

	ENDORSEMENT# 11		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

(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.

	ENDORSEMENT# 12
This endorsement, effective 12.' 01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 13
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01 -475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 14
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

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.

	ENDORSEMENT# 15
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMENDED CHANGE OF CONTROL NOTICE
It is agreed that:

1	.	Section 1 7 - 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.

	ENDORSEMENT# 16
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-47579-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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:
		(m)	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.

	ENDORSEMENT# 17
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 CLAUSE:

(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 with in or being run within any system covered under this INSURING CLAUSE.

(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 ASSURED or for which the ASSURED is legally liable, while stored within a Computer System covered under this INSURING CLAUSE, or (4) the damage or destruction of Electronic Data, Electronic Media or Electronic Instruction owned by the ASSURED or for which the ASSURED is legally liable, while stored within a Computer System covered under this INSURING CLAUSE, provided such damage or destruction was caused by a computer 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 ASSURED 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 ASSURED, which were transmitted or appear to have been transmitted through:

	ENDORSEMENT# 17		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 ASSURED'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 ASSURED
or during electronic transmission to the ASSURED's Computer System
or Communication Terminal.
C. Electronic Transmission
Loss resulting directly from a Customer of the ASSURED, any
automated clearing house, custodian, or financial institution 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, purporting to have been directed by the
ASSURED to such Customer, automated clearing house, custodian, or
financial institution initiating, authorizing, or acknowledging, the
transfer, payment, delivery or receipt of funds or 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,

	ENDORSEMENT# 17		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

				directly into the ASSURED'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 ASSURED, but which communications were either not sent by
				ASSURED or were fraudulently modified during physical transit of
				Electronic Media from the ASSURED or during electronic transmission
				from the ASSURED's Computer System or Communication Terminal,
				and for which loss the ASSURED is held to be legally liable.
2	.	By adding to Section 1, DEFINITIONS, the following:
		v.	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.
		w.	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.
		x.	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.
		y.	Electronic Instruction means computer programs converted to a form usable
			in a Computer System to act upon Electronic Data.
		z.	Electronic Media means the magnetic tape, magnetic disk, optical disk or any
			other bulk media on which data is recorded.
3	.	By	adding	the	following	Section after	Section	4	.,	SPECIFIC
		EXCLUSIONS-APPLICABLE TO ALL INSURING CLAUSE except 1 .,4., and 5.:

	ENDORSEMENT# 17		(Continued)
This endorsement, effective 12.01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.

Section 4.A. SPECIFIC EXCLUSIONS-APPLICABLE TO INSURING CLAUSE 14

This bond does not directly or indirectly 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 Customers authentication mechanism, provided
	however, this exclusion shall only apply to loss sustained in that particular
	Customer's account;
e.	liability assumed by the ASSURED by agreement under any contract, unless
	such liability would have attached to the ASSURED even in the absence of
	such agreement; or
f.	loss resulting directly or indirectly from:
	(1)	written instruction unless covered under this INSURING CLAUSE; or
	(2)	instruction by voice over the telephone, unless covered under this
		INSURING CLAUSE.

	ENDORSEMENT# 17		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.

4	.	By adding to Section 2., Exclusions, the following:
		n. loss resulting directly or indirectly from the input data into a Computer System
		terminal, either on the premises of the Customer of the ASSURED 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 Customers account.
5	.	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 ASSURED in its business, the COMPANY shall be liable
		under this Bond only if such items are actually reproduced 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 ASSURED in
		order to reproduce such Electronic Data, Electronic Media or Electronic Instruction
		subject to the applicable LIMIT OF LIABILITY.
		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

.

	ENDORSEMENT# 18
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

NAMED INSURED (AMENDED)

ADDITIONAL INSURED RIDER

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

     Item 1 of the Declarations page is amended to include any entity set forth in the list of investment companies submitted to the Underwriter as of the bond's effective date and 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 Dreyf us Corporation, subject to General Agreement A shall be added to the attached bond as an additional 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.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED

	ENDORSEMENT# 19
This endorsement, effective 12. 01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE OREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMENDED DEFINITION OF EMPLOYEE, AMENDED

It is agreed that:
1	.	The definition of Employee in Section 1. of the CONDITIONS AND LIMITATIONS
		Clause is amended to include the following individuals identified below as indicated
		by a check in the corresponding box:

	ENDORSEMENT# 19		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

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
		solely consulting services to the Insured. Consultant does not include any individual
		or entity providing services to the Insured pursuant to any contract, whether verbal,
		written, express or implied, to provide services to the Insured, in whole or in part,
		other than consulting services.
4	.	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.

		ENDORSEMENT# 20
This endorsement, effective 12:01 AM			January 31, 2011	forms a part of
policy number		01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.

THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

COVERAGE TERRITORY ENDORSEMENT

Payment of loss under this policy shall only be made in full compliance with all United States of America economic or trade sanction laws or regulations, 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").

	ENDORSEMENT# 21
This endorsement, effective 12. 01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 22
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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:

	ENDORSEMENT# 22		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number O1-47579-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 4 of the Declarations during the preceding
	three (3) years.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED

.

	ENDORSEMENT# 23
This endorsement, effective 12.U1 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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-precious stones, 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

.

	ENDORSEMENT# 24
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 25
This endorsement, effective 12. 01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 26
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

ENDORSEMENT# 27

This endorsement, effective 12.01 AM January 31, 2011
forms a part of
policy number 01 -475-7914
issued to THE DREYFUS FUND INCORPORATED ET AL

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

	ENDORSEMENT# 27		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 28
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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.

	ENDORSEMENT# 29
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 any valid and inforce Bank of New York fidelity bond, not exceeding, however, the Limit of Liability of this bond applicable to such loss.

ALL OTHER TERMS, CONDITIONS AND EXCLUSIONS REMAIN UNCHANGED.

	ENDORSEMENT# 30
This endorsement, effective 12.01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.
	CANCELLATION AMEN DATORY- RETURN PRO- RATA

Wherever used herein: (1) "Policy" means the policy or bond to which this endorsement or rider is made part of; (2)"lnsurer' 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.

	ENDORSEMENT# 31
This endorsement, effective 12:01 All		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 1 3. 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 

	ENDORSEMENT# 31		(Continued)
This endorsement, effective 12:01 AM		January 31, 2011		forms a part of
policy number 01-475-79-14
issued to	THE DREYFUS FUND INCORPORATED ET AL

by National Union Fire Insurance Company of Pittsburgh, Pa.

	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 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
	$1 0,000, 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.

	ENDORSEMENT# 32
This endorsement, effective 12:01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 1 5. 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 Ex- change 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. 

	ENDORSEMENT# 32		(Continued)
This endorsement, effective 12:01 AM		January 31. 2011		forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.

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.

	ENDORSEMENT# 33
This endorsement, effective 12. 01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMEND SECTION 16, Id)

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 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 1 3 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.

	ENDORSEMENT# 34
This endorsement, effective 12:01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
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 1 7. 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 1 940) of the Insured, the Insured shall within thirty (30) 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.

	ENDORSEMENT# 35
This endorsement, effective 12.O1 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	CLAIM EXPENSE ENDORSEMENT, $100K SUB- LIMIT, $1OK DEDUCTIBLE
	CLAIMS EXPENSE INSURING AGREEMENT

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.

	ENDORSEMENT# 36
This endorsement, effective 12.01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.
	UNAUTHORIZED SIGNATURES, $100K SUB-LIMIT, 1OK DEDUCTIBLE
	UNAUTHORIZED SIGNATURES RIDER

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.

	ENDORSEMENT# 37
This endorsement, effective 12.01 AM		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMEND DEFINITION OF EMPLOYEE

1	.	It is agreed that the definition of Employee is amended by adding the following:
		(10	)	a consultant retained by the Insured and an Employee of such consultant while
				either is performing consulting services for the Insured pursuant to a written
				agreement.
		(11	)	any partner, officer or employee of an investment adviser, an underwriter
				(distributor), a transfer agent or shareholder accounting recordkeeper or an
				administrator, sub-advisor or sub-administrator, for an Investment Company while
				performing acts coming within the scope of the customary and usual duties of an
				officer or employee of an Investment Company or acting as a member of any
				committee duly elected or appointed to examine, audit or have custody of or access
				to Property of an Investment Company.

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 .

	ENDORSEMENT# 38
This endorsement, effective 12.'Ol AN		January 31. 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh, Pa.
	AMEND SECTION 1. DEFINITIONS, (a), amended

In consideration of the premium charged, it is hereby understood and agreed that in SECTION 1. DEFINITIONS, (a) Employee is amended by deleting the language after 9d) and replacing it with:

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 1 3. 

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.
(c) Chartis Inc. All rights reserved.

		ENDORSEMENT# 39
This endorsement, effective 12. 01 AM		January 31, 2011	forms a part of
policy number 01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.
	FORMS INDEX ENDORSEMENT

			ENDORSEMENT# 39
This endorsement, effective 12:01 AM			January 31, 2011	forms a part of
policy number		01-475-79-14
issued to THE DREYFUS FUND INCORPORATED ET AL
by	National Union Fire Insurance Company of Pittsburgh. Pa.
		FORMS INDEX ENDORSEMENT
The contents of the Policy is comprised of the following forms:

POLICYHOLDER NOTICE

Thank you for purchasing insurance from the Chartis companies. Chartis insurance
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 Chartis
insurance companies to brokers and independent agents in the United States by
visiting our website at www.chartisinsurance.com/producercompensation	or by
calling 1-800-706-3102.

Excess Bond (7-92) Form 17020842 (Ed. 7-92)

Page 1 of 1

	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 17-020842 (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 17020842 (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			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

	FEDERAL INSURANCE COMPANY
	Endorsement No.	1
	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, 2011.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Excess Bond
Form 17-02-1003 (Ed. 7-92)

	FEDERAL INSURANCE COMPANY
	Endorsement No. 2
	Bond Number:	82307667
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED

NEW YORK AMENDATORY ENDORSEMENT 

It is agreed that this bond is amended as follows: 

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 COMPANYs 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 17-02-1 067 (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 17O2-1 067 (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 am. on January 31, 2011.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Excess Bond

Form 17-02-1067 (Rev. 9-93)

Page 3

	ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2011	FEDERAL INSURANCE COMPANY
	Endorsement/Rider No. 3
	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, 2011	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
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, 2011	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
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 Bond shall remain unchanged.

14-02-9228 (02/2010)

Page 1

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)

You are hereby notified that, under the Terrorism Risk Insurance Act (the "Act"), effective December 26, 2007, 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, in concurrence with the Secretary of State and the Attorney General 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.

However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion.

10-02-1281 (Ed. 1/2003)

If aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31) 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. 1/2003)

NAME OF ASSURED:	Bond Number: 81458621
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, 2011
to 12:01 a.m.onJanuary3l,2012

ITEM 2. AGGREGATE LIMIT OF LIABILITY: $N!A

ITEM 3. SINGLE LOSS LIMIT OF LIABILITY: $25,000,000

ITEM 4. DEDUCTIBLE AMOUNT: $ See Endorsement No. 1

ITEM 5. PRIMARY BOND:

Insurer: National Union Fire Insurance Company of Pittsburgh, Pa

Form and Bond No. Investment Company Blanket Bond / Bond No. 01-475-79-14

Limit $15,000,000

Deductible: $50,000

Bond Period: January 31, 2011 -January31, 2012

Insurer: Federal Insurance Company

Form and Bond No. Financial Institution Excess Bond I Bond No.8230-7667

Limit $10,000,000

Deductible: See Endorsement No. 1

Bond Period: January 31, 2011 -January31, 2012

ITEM 6.		COVERAGE EXCEPTIONS TO PRIMARY BOND:
		NOTWITHSTANDING ANY COVERAGE PROVIDED BY THE PRIMARY BOND, THIS EXCESS BOND
		DOES NOT DIRECTLY OR IN DIRECTLY COVER: None
ITEM 7.		TOTAL OF LIMITS OF LIABILITY OF OTHER UNDERLYING BONDS, EXCESS OF PRIMARY BOND:
	$	10,050,000
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.

Excess Bond (7-92)

Form 17-02-0842 (Ed. 7-92)

Page 1 of 1

Excess Bond (7-92)
Form 17-02-0842 (Ed. 7-92)

Page 1 of 1

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 17O2O842 (Ed. 792)

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

FEDERAL INSURANCE COMPANY
Endorsement No. 1
Bond Number:	81458621
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED

AMENDED DEDUCTIBLEIDROP 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, 2011.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

Date: March 24, 2011

Excess Bond

Form 17-02-1003 (Ed. 7-92)

	ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2011	FEDERAL INSURANCE COMPANY
	Endorsement/Rider No. 2
	To be attached to and
	form a part of Bond No. 81458621
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, 2011	FEDERAL INSURANCE COMPANY
	Endorsement/Rider No. 3
	To be attached to and
	form a part of Bond No. 81458621
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

	FEDERAL INSURANCE COMPANY
	Endorsement No. 4
	Bond Number:	81458621
NAME OF ASSURED: THE DREYFUS FUND INCORPORATED

NEW YORK AMEN DATORY ENDORSEMENT
It is agreed that this bond is amended as follows:
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 COMPANYs 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 COMPANYs 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. 993)

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, 2011.

ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.

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

Page 3

		ENDORSEMENT/RIDER
Effective date of
this endorsement/rider: January 31, 2011	FEDERAL INSURANCE COMPANY
	Endorsement/Rider No.	5
	To be attached to and
	form a part of Bond No.	81458621
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 Bond shall remain unchanged.

14-02-9228 (02/2010)

Page 1

FEDERAL INSURANCE COMPANY

Endorsement No. 6

Bond Number: 81458621

NAME OF ASSURED: THE DREYFUS FUND INCORPORATED

CO-SURETY ENDORSEMENT

It is agreed that this bond is amended as follows:

By adding to Section 1., Definitions, the following:

"e. Controlling Company means FEDERAL INSURANCE COMPANY.

f. Company means, unless otherwise specified, each insurance company, including the
Controlling Company, executing this Endorsement.

g. Companies means, unless otherwise specified, all of the insurance companies, including the
Controlling Company, executing this Endorsement."

2. By adding to Section 2., Limit of Liability, the following:

"Each Company shall be liable only for such proportion of any Single Loss as the AGGREGATE
LIMIT OF LIABILITY underwritten by such Company, as specified in this Endorsement, bears to the
AGGREGATE LIMIT OF LIABILITY as stated in ITEM 2. of the DECLARATIONS, but in no event shall
any Company be liable for an amount greater than that underwritten by it."

3. By adding to General Agreement C., Notice To Company Of Legal Proceedings Against Assured -
Election To Defend, the following:

"In the absence of a request from any Company to pay premiums directly to it, premiums for this bond
may be paid to the Controlling Company for the account of all Companies.

In the absence of a request from any Company that notice of claim and proof of loss be given to or filed
directly with it, the ASSURED giving such notice to and the filing of such proof with the Controlling
Company shall be deemed to be in compliance with the conditions of this bond for the giving of notice
of loss and the filing of proof of loss, if given and filed in accordance with said conditions.

4. By adding to Section 6., Termination, the following:

"The Controlling Company may give notice in accordance with the terms of this bond terminating the
bond as an entirety or as to any Employee or ASSURED, and any notice so given shall termination the
liability of all Companies as an entirety or as to such Employee or ASSURED, as the case may be.

Any Company other than the Controlling Company may give notice in accordance with the terms of
this bond, terminating the entire liability of such other Company under this bond or as to any person or
entity.

In the absence of a request from any Company that notice of termination by the ASSURED of this bond
in its entirety may be given to or filed directly with it, the giving of such notice in accordance with the
terms of this bond to the Controlling Company shall terminate the liability of all Companies as an
entirety. The ASSURED may terminate the entire liability of any Company under this bond by giving
notice of such termination to that Company and by sending a copy of such notice to the Controlling
Company.

Excess Bond

Form 17-02-0698 (Rev. 5-02)

Page 1

		In the event of the termination of this bond as an entirety, no Company shall be liable to the ASSURED
		for a greater proportion of any return premium due the ASSURED than the AGGREGATE LIMIT OF
		LIABILITY underwritten by that Company bears to the AGGREGATE LIMIT OF LIABILITY as stated in
		ITEM 2. of the DECLARATIONS.
		In the event of the termination of this bond as to any Company, such Company alone shall be liable to
		the ASSURED for any return premium due the ASSURED on account of such termination. The
		termination of the attached bond as to any Company other than the Controlling Company shall not
		terminate or otherwise affect the liability of the other Companies under this bond."
5	.	By adding a new Section:
		Section 11. Controlling Company
		"The execution by the Controlling Company of the DECLARATIONS, Endorsement I - 5, shall
		constitute execution by all the Companies signing this Endorsement.
		In the event this bond is modified during the BOND PERIOD, the Controlling Company shall notify the
		Companies or their respective representatives, in writing, of such change. Each Company shall be
		deemed to agree to such modification, unless such Company notifies the Controlling Company or the
		Controlling Company's representative in writing, that they do not agree to such modification. If a
		Company fails to object to a modification within fifteen (15) days of receipt of notice from the
		Controlling Company, such Company shall be deemed to agree to such modification."
This Endorsement applies to loss discovered after 12:01 a.m. on January 31, 2011.
ALL OTHER TERMS AND CONDITIONS OF THIS BOND REMAIN UNCHANGED.
Underwritten for a			ENTER WRITING COMPANY
LIMIT OF LIABILITY of $15,000,000			Controlling Company
Part of $25,000,000			CHUBB & SON,
			A DIVISION OF FEDERAL INSURANCE COMPANY
			Manager

Underwritten for a	U.S. SPECIALTY INSURANCE COMPANY
LIMIT OF LIABILITY of $10,000,000
Part of $25,000,000
	By
	Attorney-in-Fact

Excess Bond

Form I 7-02-0698 (Rev. 5-02)

Page 2

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.

10-02-1 295 (ed. 6/2007)

POLICYHOLDER

DISCLOSURE NOTICE OF

TERRORISM INSURANCE COVERAGE
(for policies with no terrorism exclusion or sublimit)

You are hereby notified that, under the Terrorism Risk Insurance Act (the "Act"), effective December 26, 2007, 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, in concurrence with the Secretary of State and the Attorney General 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.

However, if aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31), the Treasury shall not make any payment for any portion of the amount of such losses that exceeds $100 billion.

10-02-1281 (Ed. 1/2003)

If aggregate insured losses attributable to terrorist acts certified under the Act exceed $100 billion in a Program Year (January 1 through December 31) 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. 1/2003)

FINANCIAL INSTITUTION EXCESS FOLLOW FORM CERTIFICATE

The Great American Insurance Company, herein called the UNDERWRITER

Bond Number: FS 263-85-83 - 09

Name and Address of Insured: The Dreyfus Fund Incorporated et al
200 Park Avenue
New York, NY 10166

The UNDERWRITER, in consideration of an agreed premium, and in reliance upon the statements and information
furnished to the UNDERWRITER by the Insured, and subject to the terms and conditions of the underlying
coverage scheduled in ITEM 3 below, as excess and not contributing insurance, agrees to pay the Insured for loss
which:

(a) Would have been paid under the Underlying Coverage [01-475-79-14 (Primary Investment
Company Blanket Bond) and 82307667 (First Excess Layer) and 81458621 (Second Excess
Layer) but for the fact that such loss exceeds the limit of liability of the Underlying Carrier(s)
listed in ITEM 3, and
(b) for which the Underlying Carrier has made payment, and the Insured has collected, the full amount
of the expressed limit of the Underlying Carrier's liability.

ITEM 1. BOND PERIOD: from 12:01 a.m. on January 31,2011 to 12:01 a.m. on January 31,2012
(inception) (expiration)

ITEM 2. LIMIT OF LIABILITY AT iNCEPTION: $ 75,000,000 each and every loss limit of liability for the
following Insuring Agreements: Fidelity, On Premises, In Transit, Forgery or Alteration, Securities,
Counterfeit Currency, Computer Systems, Extended Computer Systems, Automated Phone Systems,
Telefacsimile Transfer Fraud, Destruction of Data by Hacker, Destruction of Data by Virus and Voice
Initiated Transfer Fraud excess of the underlying $ 50,000,000 each and every loss limit of liability and a
deductible of $50,000.

Page 1 of2

One Waterside Crossing, Windsor, CT 06095
Member of American Financial Group

 

C)	1ST EXCESS:	Federal Insurance Company
	LIMIT:	$15,000,000 each and every loss limit of liability and excess of
		the underlying $25,000,000 each and every loss limit of liability
		and a deductible of $50,000.
	BOND NUMBER:	81458621
	BOND PERIOD:	January 31, 2011 - January 31, 2012

ITEM 4. Coverage provided by this Bond is subject to the following attached Rider(s):
No. 1 (Co- Surety)

ITEM 5. By acceptance of this Bond, you give us notice canceling prior Bond No. FS 263-85-83 - 08,
the cancellation to be effective at the same time this Bond becomes effective.

Page 2 of 2

Excess Follow Form Certificate
May, 2003 ed.

One Waterside Crossing, Windsor, CT 06095
Member of American Financial Group

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	$15,000,000
Federal Insurance Company	$10,000,000 in excess of $15,000,000
Federal Insurance Company*	$15,000,000
U.S. Specialy Insurance Company*	$10,000,000
Great American Insurance Company**	$25,000,000
Fidelity & Deposit Company of Maryland**	$25,000,000
Continental Casualty Company**	$15,000,000
Westchester Fire Insurance Company**	$10,000,000
Total Coverage	$125,000,000
* Excess of $25 million as co-sureties **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 parties; and it was further

[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.

EX-99

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus 100% U.S. Treasury Money Market Fund$1,079,562,084 $1,250,000 

Dreyfus Appreciation Fund, Inc.$3,306,749,066 $2,100,000 

Dreyfus BASIC Money Market Fund, Inc.$692,869,289 $900,000 

Dreyfus BASIC U.S. Government Money Market Fund$201,893,521 $600,000 

Dreyfus BASIC U.S. Mortgage Securities Fund$111,084,952 $525,000 

Dreyfus Cash Management$28,925,473,550 $2,500,000 

Dreyfus Cash Management Plus, Inc.$6,400,465,066 $2,500,000 

Dreyfus Connecticut Municipal Money Market Fund, Inc.$96,833,892 $450,000 

Dreyfus Growth and Income Fund, Inc.$578,427,600 $900,000 

Dreyfus High Yield Strategies Fund$432,219,105 $750,000 

Dreyfus Intermediate Municipal Bond Fund, Inc.$858,131,320 $1,000,000 

Dreyfus Liquid Assets, Inc.$4,444,732,581 $2,500,000 

Dreyfus Massachusetts Municipal Money Market Fund$108,757,363 $525,000 

Dreyfus MidCap Index Fund$2,553,765,342 $1,900,000 

Dreyfus Municipal Bond Opportunity Fund$495,140,435 $750,000 

Dreyfus Municipal Cash Management Plus$1,028,305,134 $1,250,000 

Dreyfus Municipal Income, Inc.$254,894,522 $750,000 

Dreyfus Municipal Money Market Fund, Inc.$498,453,568 $750,000 

Dreyfus New Jersey Municipal Bond Fund, Inc.$565,410,019 $900,000 

Dreyfus New Jersey Municipal Money Market Fund, Inc.$334,098,992 $750,000 

Dreyfus New York AMT-Free Municipal Bond Fund$362,920,273 $750,000 

Dreyfus New York AMT-Free Municipal Money Market Fund$235,170,725 $600,000 

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus New York Municipal Cash Management$828,271,676 $1,000,000 

Dreyfus New York Tax Exempt Bond Fund, Inc.$1,315,879,947 $1,250,000 

Dreyfus Pennsylvania Municipal Money Market Fund$154,635,486 $600,000 

Dreyfus Research Growth Opportunity Fund, Inc.$229,601,123 $600,000 

Dreyfus Short-Intermediate Government Fund$183,927,946 $600,000 

Dreyfus Stock Index Fund, Inc.$1,826,995,098 $1,500,000 

Dreyfus Strategic Municipal Bond Fund, Inc.$506,610,995 $900,000 

Dreyfus Strategic Municipals, Inc.$685,993,683 $900,000 

Dreyfus Treasury & Agency Cash Management$10,725,210,201 $2,500,000 

Dreyfus Treasury Prime Cash Management$22,160,520,749 $2,500,000 

Dreyfus U.S. Treasury Intermediate Term Fund$113,460,933 $525,000 

Dreyfus U.S. Treasury Long Term Fund$62,678,043 $400,000 

Dreyfus Worldwide Dollar Money Market Fund, Inc.$490,046,600 $750,000 

DYNAMIC ALTERNATIVES FUND, INC.$15,313,419 $225,000 

General California Municipal Money Market Fund$427,199,021 $750,000 

General Money Market Fund, Inc.$13,063,453,966 $2,500,000 

General New York Municipal Money Market Fund$299,577,588 $750,000 

The Dreyfus Fund Incorporated$1,073,463,548 $1,250,000 

The Dreyfus Socially Responsible Growth Fund, Inc.$236,417,044 $600,000 

The Dreyfus Third Century Fund, Inc.$258,652,716 $750,000 

CitizensSelect Funds

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

CitizensSelect Prime Money Market Fund

CitizensSelect Treasury Money Market Fund

GROUP TOTAL:$1,128,643,281 $1,250,000 

Dreyfus Bond Funds, Inc.

Dreyfus Municipal Bond Fund

GROUP TOTAL:$1,625,746,608 $1,500,000 

Dreyfus Funds, Inc.

Dreyfus Equity Growth Fund

Dreyfus Mid-Cap Growth Fund

GROUP TOTAL:$520,944,153 $900,000 

Dreyfus Government Cash Management Funds

Dreyfus Government Cash Management

Dreyfus Government Prime Cash Management Fund

GROUP TOTAL:$28,449,378,271 $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

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus Total Return Advantage Fund

Global Alpha Fund

GLOBAL REAL RETURN FUND

GROUP TOTAL:$4,328,069,196 $2,500,000 

DREFYSU INSTITUTIONAL CASH ADVANTAGE FUNDS

Dreyfus Institutional Cash Advantage Fund

Dreyfus Institutional Cash Advantage Plus Fund

GROUP TOTAL:$39,183,919,053 $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/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:$2,726,119,784 $1,900,000 

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 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:$1,895,759,348 $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:$4,281,731,431 $2,500,000 

Dreyfus International Funds, Inc.

Dreyfus Brazil Equity Fund

Dreyfus Emerging Markets Fund

GROUP TOTAL:$1,376,285,885 $1,250,000 

DREYFUS INSTITUTIONAL PREFERRED MONEY

            MARKET FUNDS

Dreyfus Institutional Preferred Money Market Fund

Dreyfus Institutional Preferred Plus Money Market Fund

GROUP TOTAL:$13,556,072,072 $2,500,000 

DREYFUS INSITUTIONAL RESERVES FUNDS

Dreyfus Institutional Reserves Money Fund

Dreyfus Institutional Reserves Treasury Fund

Dreyfus Institutional Reserves Treasury Prime Fund

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

GROUP TOTAL:$8,151,437,213 $2,500,000 

Dreyfus Investment Portfolios

Core Value Portfolio

MidCap Stock Portfolio

Small Cap Stock Index Portfolio

Technology Growth Portfolio

GROUP TOTAL:$634,654,506 $900,000 

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:$5,440,613,273 $2,500,000 

DREYFUS LAUREL FUNDS TRUST

Drey. Equity Income Fund

Dreyfus Core Value Fund

Dreyfus Emerging Markets Debt Local Currency Fund

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus Global Equity Income Fund

Dreyfus International Bond Fund

Dreyfus Limited Term High Yield Fund

INSTITUTIONAL INCOME ADVANTAGE FUND

GROUP TOTAL:$4,293,290,500 $2,500,000 

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:$400,071,633 $750,000 

Dreyfus LifeTime Portfolios, Inc.

Growth & Income Portfolio

GROUP TOTAL:$69,569,076 $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:$928,650,108 $1,000,000 

Dreyfus Money Market Instruments, Inc.

Government Securities Series

Money Market Series

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

GROUP TOTAL:$2,032,634,964 $1,700,000 

Dreyfus Premier California AMT-Free Municipal Bond Fund,

            Inc.

Dreyfus California AMT-Free Municipal Bond Fund, Inc.

GROUP TOTAL:$1,170,799,193 $1,250,000 

Dreyfus Premier GNMA Fund, Inc.

Dreyfus GNMA Fund

GROUP TOTAL:$1,003,761,822 $1,250,000 

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:$2,132,239,668 $1,700,000 

Dreyfus Manager Funds I

Dreyfus Alpha Growth Fund

Dreyfus S&P Stars Fund

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus S&P Stars Opportunities Fund

GROUP TOTAL:$583,645,385 $900,000 

Dreyfus Managers Funds II

Dreyfus Balanced Opportunity Fund

GROUP TOTAL:$310,392,331 $750,000 

DREYFUS OPPORTUNITY FUNDS

Dreyfus Global Sustainability Fund

Dreyfus Natural Resources Fund

GROUP TOTAL:$40,688,731 $350,000 

Dreyfus Stock Funds

Dreyfus International Equity Fund

Dreyfus Small Cap Equity Fund

GROUP TOTAL:$358,901,350 $750,000 

Dreyfus Premier Short-Intermediate Municipal Bond Fund

Dreyfus Short Intermediate Municipal Bond Fund

GROUP TOTAL:$560,379,351 $900,000 

DREYFUS PREMIER WORLDWIDE GROWTH FUND, INC.

Dreyfus Worldwide Growth Fund

GROUP TOTAL:$442,604,409 $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

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

GROUP TOTAL:$3,677,514,384 $2,300,000 

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

GROUP TOTAL:$1,292,986,650 $1,250,000 

General Government Securities Money Market Funds, Inc.

General Government Securities Money Market Fund

General Treasury Prime Money Market Fund

GROUP TOTAL:$2,945,981,184 $1,900,000 

General Municipal Money Market Funds, Inc.

General Municipal Money Market Fund

GROUP TOTAL:$674,135,347 $900,000 

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

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

BNY Mellon International Appreciation Fund

BNY MELLON LARGE CAP MARKET OPPORTUNITIES

            FUND

BNY Mellon Large Cap Stock Fund

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 TAX-SENSITIVE LARGE CAP

            MULTI-STRATEGY 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:$18,540,519,208 $2,500,000 

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

Dreyfus State Municipal Bond Funds

Dreyfus Connecticut Fund

Dreyfus Maryland Fund

Dreyfus Massachusetts Fund

Dreyfus Minnesota Fund

Dreyfus Ohio Fund

Dreyfus Pennsylvania Fund

GROUP TOTAL:$1,161,824,226 $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

Global Stock Fund

International Stock Fund

SELECT MANAGERS LARGE CAP GROWTH FUND

SELECT MANAGERS SMALL CAP GROWTH FUND

GROUP TOTAL:$2,540,350,318 $1,900,000 

GRAND TOTALS:$266,683,581,497* $99,400,000 

Page: 1 

Fidelity Bond Coverage for Fund for Which the Dreyfus Corporation Acts as Investment Adviser,

Sub-Investment Adviser or Administrator - Gross Assets at 1/31/2011 Pursuant to Rule

17g-1(d) Under the Investment CompanyAct of 1940

Fund NameAmount of Bond

Gross Assets atRequired Pursuant to

1/31/2011 Rule 17g-1(d)

AVAILABLE FIDELITY BOND COVERAGE$125,000,000 

* Amounts include the assets of Fund of Funds.  If those assets were excluded gross assets would be $265,836,648,457 and the amount of Bond required under Rule 17g-1 (d) would be less.

Page: 1 

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                                                                Dated as of January 31, 2011

Kiesha Astwood                                                                    

Vice President of:

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 Global Real 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 Large Cap Market Opportunities 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 Tax-Sensitive Large Cap Multi-Strategy 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 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 Institutional Income Advantage 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 Opportunity 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

(formerly, Dreyfus New Leaders Fund)

Dreyfus Conservative Allocation Fund

Dreyfus Growth Allocation Fund

Dreyfus Moderate Allocation Fund

Dreyfus Select Managers Small Cap Value Fund

Dreyfus Select Managers Small Cap Growth Fund

Dreyfus Select Managers Large Cap Growth Fund

Dreyfus U.S. Equity Fund

Global Stock Fund

International Stock Fund