About Dreyfus

NEW YORK, May 3, 2007 — The Dreyfus Corporation announced today that it hired industry veteran Penny Hill as regional director of its Southern Sales Division. Hill will head the team of external wholesalers in a territory that includes Alabama, Georgia, Florida, Louisiana, Mississippi, Oklahoma, North Carolina, South Carolina, Puerto Rico, Tennessee, Texas and the southern portion of Virginia.

"As Mellon tops $1 trillion in assets under management and Dreyfus evolves as a best-in-class intermediary distribution company, we are delighted to welcome to our sales force a person with such industry stature" said Jon Baum, vice chairman of distribution for Dreyfus. "Penny brings to Dreyfus a wealth of experience and she assumes a leadership role within our organization, complimenting our 14 hires over the last year, adding to the depth and breadth of our sales professionals."

Hill brings to Dreyfus more than 20 years of strong industry experience. She comes directly from Evergreen Investments where she spent six years, beginning as a regional vice president and wholesaler for Texas, Louisiana, and Arkansas. After four years of record sales, Hill was promoted to vice president and East Divisional sales manager and was in charge of 15 wholesalers and posted average annual sales of $2.3 billion. Previously, Hill was a regional vice president and top producer at AAL Capital Management and a financial advisor for both Merrill Lynch and Shearson Lehman/Smith Barney. Hill is based in Charlotte and holds NASD Series 7, 63, 65, 24 and 51 Licenses, Texas State Insurance License (Group I) and CRPC designation.

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 $190 billion in mutual funds, separately managed accounts, and institutional portfolios, including approximately $180 billion in mutual funds. 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. Mellon Asset Management, with more than $1 trillion in assets under management, is a leading global provider of investment management products and services that offer a broad range of equity, fixed-income, hedge and liquidity management products through individual asset management companies and multiple distribution channels.

Mellon Financial Corporation is a global financial services company. 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, wealth management, asset servicing, issuer services and treasury services. Mellon has approximately $5.8 trillion in assets under management, administration or custody, including $1.034 trillion under management. News and other information about Mellon are available at www.mellon.com.

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