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Dreyfus Ranked Third Among Fund Families in Thestreet.Com Ratings' Guide to Stock Mutual Funds

Dreyfus Premier International Equity Fund Featured as a Highly-Rated Dreyfus Fund

NEW YORK, October 3, 2006 — The Dreyfus Corporation today announced that it ranked third among fund families rated in the TheStreet.com Ratings' recently released mutual fund family survey. In August, TheStreet.com, Inc. purchased assets of Weiss Ratings, Inc. from Weiss Group, Inc., the country's leading consumer advocate for financial safety. The recent survey issued by the newly formed "TheStreet.com Ratings," was based on the Summer 2006 Weiss Ratings' Guide to Stock Mutual Funds.

Dreyfus funds won 11 (ratings were based on share classes) of the top 200 slots, beating out all but two competitors. The five fund families with the most funds included among the top 200 funds were designated one of "The Top 5 Ultra Fund Families." Dreyfus showed particular strength in international mandates, with Dreyfus Premier International Small Cap Fund (R) ranking 14th overall with an A+ rating. All share classes of Dreyfus Premier International Small Cap Fund (A,B,C,T and R) were ranked in the top 25, while each class of Dreyfus Premier International Equity Fund (Class A,B,C, R, and T) all placed within the top 150. The investment adviser to these funds is The Boston Company Asset Management, a subsidiary of Mellon Financial Corporation and an affiliate of Dreyfus. Dreyfus Investment Portfolios: Founders International Equity Portfolio (Inv.) also placed within the top 150. Dreyfus is the investment adviser to this fund. (Dreyfus Premier International Small Cap is closed to new investors.)

"Dreyfus is proud of the depth and breadth of its fund offerings for shareholders," said Thomas F. Eggers, Dreyfus president and chief operating officer. "The ranking we have received by TheStreet.com Ratings demonstrates our strength in international investing, an increasingly important area for diversification, as individuals evaluate their asset allocation needs."

The survey ranked more than 10,000 equity and balanced mutual funds, awarding its highest A+ rating to individual funds with the best track record for maximizing performance while minimizing risk.

A fund's performance rating is based on its total return to shareholders over the trailing three years, including share price appreciation and distributions to shareholders. The risk rating is based on the level of volatility in the funds' monthly returns over the last three years. Funds received numerical ratings in each of these areas, which were then combined for an overall score. TheStreet.com Ratings then ranked fund companies according to the number of funds they were able to place in the top 200.

TheStreet.com, Inc. (Nasdaq: TSCM) is a leading multimedia provider of business, investment and ratings content, available through its proprietary properties, which include Web sites, email subscription services, print, radio, syndication and audio and video programming. The company offers proprietary information on stocks, mutual funds, exchange traded funds (ETFs) and financial institutions, among other firms, products and services. TheStreet.com Ratings is a newly acquired subsidiary of TheStreet.com, Inc.

The Dreyfus Corporation, established in 1951 and headquartered in New York City, is one of the nation's leading asset management companies, currently managing more than $180 billion in mutual funds, separately managed accounts and institutional portfolios. Dreyfus Service Corporation, each fund's distributor, is a wholly-owned subsidiary of The Dreyfus Corporation.

The Dreyfus Corporation is a subsidiary of Mellon Financial Corporation, a global financial services company, and is part of Mellon Asset Management. Headquartered in Pittsburgh, Mellon is one of the world's leading providers of financial services for institutions, corporations and high net worth individuals, providing asset management, private wealth management, asset servicing and payment solutions and investor services. Mellon has approximately $5.1 trillion in assets under management, administration or custody, including $870 billion under management. News and other information about Mellon is available at www.mellon.com.

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Press Contact

Patrice Kozlowski
Senior Vice President, Corporate Communications
Phone: 1-212-922-6030
Fax: 1-212-922-6585
e-Mail: kozlowski.pm@dreyfus.com