Remember, your vote is extremely important, no matter how large or small your fund holdings.  By voting promptly, you can help avoid additional costs that are incurred with follow-up letters and calls.

 

We encourage you to vote through the Internet or by telephone using the number that appears on your proxy card(s).  These voting methods will save the funds money because they would not have to pay for return-mail postage.  If you later decide to attend the meeting, you may revoke your proxy and vote your shares in person at the meeting.  Whichever voting method you choose, please take the time to read the full text of the proxy statement before you vote.

Your vote is very important to us.  If you have any questions before you vote, please call one of the Dreyfus service representatives at 1-800-645-6561.1-800-DREYFUS.  Thank you for your response and for your continued investment with theThe Dreyfus Family of Funds.

1.      To elect Board members to hold office until their successors are duly elected and qualified.

2.      To transact such other business as may properly come before the meeting orand any adjournment or adjournments thereof.

Shareholders of record at the close of business on March 17, 2011June 5, 2012 will be entitled to receive notice of and to vote at the meeting.

This proxy statementProxy Statement is furnished in connection with a solicitation of proxies by each of the respective Boards of Advantage Funds, Inc. ("AF"), Dreyfus 100% U.S. Treasury Money Market Fund ("DUSTMMF"), Dreyfus BASIC U.S. Mortgage Securities Fund ("DBUSMSF"), Dreyfus Growth and Income Fund, Inc. ("DGIF"), Dreyfus Index Funds, Inc. ("DIF"), Dreyfus International Funds, Inc. ("DILF"), Dreyfus Manager Funds I ("DMFI"), Dreyfus Manager Funds II ("DMFII"), Dreyfus Midcap Index Fund, Inc. ("DMIF"), Dreyfus Money Market Instruments, Inc. ("DMMI"), Dreyfus New Jersey Municipal Bond Fund, Inc. ("DNJMBF"), Dreyfus Premier Investment Funds, Inc. ("DPIF"), Dreyfus Research Growth Fund, Inc. ("DRGF"), Dreyfus Stock Index Fund, Inc. ("DSIF"), Dreyfus U.S. Treasury Intermediate Term Fund ("DUSTITF"), Dreyfus U.S. Treasury Long Term Fund ("DUSTLTF") and Dreyfus 100% U.S. Treasury Money MarketVariable Investment Fund ("DUSTMMF"DVIF") (each, a "Fund" and, collectively, the "Funds") to be used at the Special Joint Meeting of Shareholders (the "Meeting") of each Fund to be held on Tuesday, May 31, 2011Friday, August 3, 2012 at 10:30 a.m.,the time set forth on Schedule 1 to this Proxy Statement, at the offices of The Dreyfus Corporation ("Dreyfus"), 200 Park Avenue, 8th Floor, New York, New York 10166, and at any and all adjournments thereof, for the purposes set forth in the accompanying Notice of Special Joint MeetingMeetings of Shareholders.  Shareholders of record at the close of business on March 17, 2011June 5, 2012 are entitled to receive notice of and to vote at the Meeting.  Shareholders are entitled to one vote for each Fund share held and fractional votes for each fractional Fund share held.  Shareholders can vote only on matters affecting the Fund(s) of which they are shareholders.  Shares represented by executed and unrevoked proxies will be voted in accordance with the specifications made thereon.  If any enclosed form of proxy is executed and returned, it nevertheless may be revoked by another proxy by calling the toll-free telephone number, through the Internet or by letter directed to the relevant Fund, which must indicate the shareholder's name and account number.  To be effective, such revocation must be received before the Meeting.  In addition, any shareholder who attends the Meeting in person may vote by ballot at the Meeting, thereby canceling any proxy previously given.

Information as to the number of shares outstanding and share ownership for each Fund is set forth on Schedule 12 to this proxy statement.Proxy Statement.

The persons named as proxies on the enclosed proxy card(s) will vote for the election of the Nominees unless authority to vote for any or all of the Nominees is withheld in the proxy.  Each Nominee elected will serve as an Independent Board member of the relevantrespective Fund commencing, subject to the discretion of the Board, on or about September 1, 2012 and until his or her successor is duly elected and qualified.  It is not contemplated that any Nominee will be unable to serve as a Board member for any reason, but, if that should occur prior to the Meeting, the proxy holders will vote for such other nominee or nominees as the Funds' Independent Board members may recommend.  Independent board members

Emeritus Board members are responsible for overseeing managemententitled to receive an annual retainer of one-half the amount paid as a retainer at the time the Board member achieves Emeritus status and one-half the per meeting attendance fee in effect on the date of the Funds.meeting attended by the Emeritus Board member (the "Emeritus Fee").  For more informationa Board member whose first service on the Board's oversight roleBoard of any fund in The Dreyfus Family of Funds occurs after September 30, 2008, he or she will receive 50% of the Emeritus Fee, plus an additional 10% of the Emeritus Fee for each year of service between six and ten years as well as its composition and leadership structure, see Exhibit A to this proxy statement.a Board member.  Emeritus Board members are reimbursed for reasonable expenses incurred in connection with attending Board meetings.

The function of each Fund's audit committeeAudit Committee is to (i) oversee the Fund's accounting and financial reporting processes and the audits of the Fund's financial statements and (ii) assist in the Board's oversight of the integrity of the Fund's financial statements, the Fund's compliance with legal and regulatory requirements and the independent registered public accounting firm's qualifications, independence and performance.  A copy of the form of the Funds' audit committee charter is not available on the Funds' or Dreyfus' website, but is set forth in Exhibit B to this proxy statement.

Each Fund's nominating committeeNominating Committee is responsible for selecting and nominating persons as members of the Board for election or appointment by the Board and for election by shareholders.  In evaluating potential nominees, including any nominees recommended by shareholders, the committeeNominating Committee takes into consideration various factors listed in the nominating committee charter,Nominating Committee Charter, including character and integrity and business and professional experience.  The nominating committeeNominating Committee will consider recommendations for nominees from shareholders submitted to the Secretary of the Fund, c/o The Dreyfus Corporation Legal Department, 200 Park Avenue, 8th Floor East, New York, New York 10166, which includesinclude information regarding the recommended nominee as specified in the nominating committee charter.  A copy of the form of the Funds' nominating committee charter is not available on the Funds' or Dreyfus' website, but is set forth in Exhibit C to this proxy statement.Nominating Committee Charter.

The function of the compensation committeeeach Fund's Compensation Committee is to establish the appropriate compensation for serving on the Board.  Each Fund also has a standing pricing/evaluation committee comprised of any one Board member.  The function of the pricing/evaluation committee is to assist in valuing the Fund's investments.

For each Fund, the election of a Nominee requires the affirmative vote of a plurality of votes cast at the Meeting for the election of Board members of the Fund.

The 1940 Act requires that each Fund's independent registered public accounting firm (the "independent auditors") be selected by a majority of the Independent Board members of the Fund.  One of the purposes of each Fund's audit committeeAudit Committee is to recommend to the Fund's Board the selection, retention or termination of the independent registered public accounting firmauditors for the Fund.  Each Fund's audit committeeAudit Committee recommended, and each Fund's Board, including a majority of its Independent Board members, approved, the selection of Ernst & Young LLP ("Ernst & Young"), as thesuch Fund's independent registered public accounting firmauditors for the Fund's current fiscal year.  Representatives of Ernst & Young are expected to be present at the Meeting and will have an opportunity to make a statement (if the representatives so desire) and to respond to appropriate questions.  After reviewing the relevant Fund's audited financial statements for the Fund's most recently completed fiscal year, each Fund's audit committee recommended to the Fund's Board that such statements be included in the Fund's Annual Report to Shareholders.

Information regarding the audit and relatednon-audit fees that Ernst & Young charged the Funds were billed by their independent auditors for the Funds' last two fiscal years is set forth in Exhibit A to this proxy statement.Proxy Statement.

MBSC Securities Corporation (the "Distributor"), a wholly-owned subsidiary of Dreyfus with principal offices at 200 Park Avenue, New York, New York 10166, serves as each Fund's distributor.

Dreyfus Transfer, Inc., a wholly-owned subsidiary of Dreyfus with principal offices at 200 Park Avenue, New York, New York 10166, serves as each Fund's transfer and dividend disbursing agent.

Each Fund will bear its pro rata share of the cost of soliciting proxies based on the net assets of the Fund.  In addition to the use of the mails,mail, proxies may be solicited personally or by telephone, and Dreyfuseach Fund may pay persons holding Fund shares in their names or those of their nominees for their expenses in sending soliciting materials to their principals.  TheCertain Funds may retain a proxy solicitorssolicitor to assist in the solicitation of proxies primarily by contacting shareholders by telephone, which is expected to cost approximately $17,000,$46,000, plus any out of pocket expenses, such cost to be borne pro rata among thesuch Funds based on their net assets.

Authorizations to execute proxies may be obtained by telephonic or electronically transmitted instructions in accordance with procedures designed to authenticate the shareholder's identity.  In all cases where a telephonic proxy is solicited (as opposed to where the shareholder calls the toll-free number directly to vote), the shareholder will be asked to provide or confirm certain identifiable information and to confirm that the shareholder has received the Fund's proxy statementProxy Statement and proxy card in the mail.card.  Within 72 hours of receiving a shareholder's telephonic or electronically transmitted voting instructions, a confirmation will be sent to the shareholder to ensure that the vote has been taken in accordance with the shareholder's instructions and to provide a telephone number to call immediately if the shareholder's instructions are not correctly reflected in the confirmation.  Shares represented by executed and unrevoked proxies will be voted in accordance with the specifications made thereon, and if no voting instructions are given, shares will be voted "FOR" the proposal.  Any shareholder giving a proxy may revoke it at any time before it is exercised by submitting to the Fund a written notice of revocation or a subsequently executed proxy, by calling the toll-free telephone number, or through the Internet or by attending the Meeting and voting in person.

If a proxy is properly executed and returned accompanied by instructions to withhold authority to vote or represents a broker "non-vote" (that is, a proxy from a broker or nominee indicating that such person has not received instructions from the beneficial owner or other person entitled to vote Fund shares on a particular matter with respect to whichand the broker or nominee does not have a discretionary power) or is marked with an abstention (collectively,power to vote on the proposal) (together, "abstentions"), the Fund shares represented thereby will be considered to be present at the Meeting for purposes of determining the existence of a quorum for the transaction of business.  Abstentions will not constitute a vote in favor of the proposal."FOR" a Nominee.

With respect to Dreyfus-sponsored individual retirement accounts ("IRAs"), the Individual Retirement Custodial Account Agreement governing the IRAs requires The Bank of New York Mellon ("BNYM"(the "Bank"), as the custodian of the IRAs, to vote Fund shares held in such IRAsIRA accounts in accordance with the IRA shareholder's instructions.  However, if no voting instructions are received, BNYMthe Bank may vote Fund shares held in the IRA in the same proportions as the Fund shares for which voting instructions are received from other Dreyfus IRA shareholders.  Therefore, if an IRA shareholder does not provide voting instructions prior to the Meeting, BNYMthe Bank will vote the IRA shares in the same proportions as it votes the shares for which properly conveyed instructions are timely received from other Dreyfus IRA shareholders.

If a quorum is not present at the Meeting for a Fund, the persons named as proxies may propose one or more adjournments of the Meeting with respect to that Fund to permit further solicitation of proxies.  Any adjournment will require the affirmative vote of a majority of those shares affected by the adjournment that are represented at the Meeting in person or by proxy.  With respect to AF, DGIF, DIF, DILF, DMIF, DMMI, DNJMBF, DPIF, DRGF and DPIF,DSIF, 33-1/3% of the Fund's shares entitled to vote constituteconstitutes a quorum for the transaction of business at the Meeting.  With respect to each ofDUSTMMF, DBUSMSF, DMFI, DMFII, DUSTITF, DUSTLTF and DUSTMMF,DVIF, 30% of the Fund's shares entitled to vote constituteconstitutes a quorum for the transaction of business at the Meeting.

No Fund's Board is aware of any other matters which may come before the Meeting.  However, should any such matters properly come before the Meeting, it is the intention of the persons named in the accompanying form of proxy to vote the proxyproxies in accordance with their judgment on such matters.

Please advise the appropriate Fund, in care of Dreyfus Transfer, Inc.,Institutional Department, P.O. Box 9263, Boston, Massachusetts 02205-8501,9882, Providence, Rhode Island  02940-8082, whether other persons are the beneficial owners of Fund shares for which proxies are being solicited from you, and, if so, the number of copies of this proxy statementProxy Statement and other soliciting material you wish to receive in order to supply copies to the beneficial owners of shares.

The following is a list of times at which each Fund's Meeting will be held.  With respect to those Funds that are series funds, andthe list also identifies each such Fund's series.

Set forth below for each Fund is information as to the number of shares of the Fund outstanding and those shareholders, if any, known by the Fund if any, to own of record or beneficially 5% or more of a class of the Fund's outstanding voting securities (including series thereof) as of February 28, 2011.May 11, 2012.