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EXPECT WIDENED INTEREST IN DREYFUS' 'PEOPLE S&P MIDCAP INDEX FUND' AS NEW TRADING BEGINS

EXPECT WIDENED INTEREST IN DREYFUS' 'PEOPLE S&P MIDCAP INDEX FUND'
 AS NEW TRADING BEGINS
 WHAT: With the S&P MidCap 400 Index scheduled to arrive on the American Stock Exchange (AMEX) and the Chicago Mercantile Exchange (CME) this week, Dreyfus expects widened interest in its "Peoples S&P MidCap Index Fund."
 Since Dreyfus first offered its "People's MidCap 400 Index Fund" on June 19, 1991, the net asset value of the fund has risen from $12.50 to $15.24 as of Feb. 7, 1992, a gain of 23 percent.
 BACKGROUND: The People's S&P MidCap Index Fund, Inc. was created to offer individuals the opportunity to invest in a portfolio designed to closely match the performance of the S&P MidCap 400 Index. Minimum initial investment in this no-load index fund is $2,500. Additional investments of $100 can be made at any time. Dreyfus is administrator for the fund. Manufacturers Bank, N.A. is the fund's index fund manager.
 INTERVIEW OPPORTUNITY WITH: Dreyfus Chief Economist Richard B. Hoey
 WHEN: Feb. 10, 1992
 For more complete information, including management fee, charges and expenses, obtain a prospectus by calling 1-800-782-6620. Please read the prospectus carefully before investing. New asset value and investment return fluctuate.
 CONTACT: Patrice M. Kozlowski of Dreyfus, 212-922-6030
 -0- 2/10/92


CO: Dreyfus Corporation ST: IN: FIN SU:

SH-OS -- NY074 -- 8403 02/10/92 15:01 EST
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Publication:PR Newswire
Date:Feb 10, 1992
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