Dreyfus Opportunistic U.S. Stock Fund launches

By Toni Weeks

San Diego, Dec. 14 - Advantage Funds, Inc. announced the launch of the Dreyfus Opportunistic U.S. Stock Fund, a new fund that will invest mainly in domestic stocks, according to a 497 filing with the Securities and Exchange Commission. The new fund is a series of Advantage Funds.

The fund seeks long-term capital appreciation and will normally invest at least 80% of its net assets, plus any borrowings for investment purposes, in stocks of publicly traded companies located in the United States.

The fund's class A shares will incur a maximum sales charge of 5.75% of the offering price for purchases of less than $50,000, 4.5% for purchases of $50,000 up to $100,000, 3.5% for purchases of $100,000 up to $250,000, 2.5% for purchases of $250,000 up to $500,000, 2% for purchases of $500,000 up to $1 million and 0% for purchases of $1 million or more. Investments of class A shares of $1 million or more may be subject to a contingent deferred sales charge of 1% if the redemption of shares is initiated within one year of the purchase date.

Class C and class I have no initial sales charges, with the exception of a 1% maximum deferred sales charge for class C shares.

New York-based Dreyfus Corp. serves as the fund's investment adviser.

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