and the Mellon-Advised Funds; (5) preventing conflicts of interest; (6) maintaining separation between Mellon Companies and Mellon-Advised Funds; and (7) maintaining separation between Mellon Banks and Dreyfus.

II. Customer Protections

A. No Mellon Company will sell shares of a mutual fund or advise a mutual fund if such fund has a name, title or logo that is the same as the name, title or logo of a Mellon Bank or is so similar to such a name, title or logo as to be confusing to customers.

B. No employee of any Mellon Company will state or imply that a mutual fund or the shares of a mutual fund are guaranteed or insured by the United States Government or any of its agencies, including without limitation the FDIC, or that the fund or fund shares are an obligation of a bank.

C. The disclosures set forth in II.D. below will be made

conspicuously in writing to any customer who purchases shares of a mutual fund at a Mellon Bank branch office or who opens an investment or similar account with a Mellon Company at a Mellon Bank branch office through which he or she can make such purchases.

D.

The following disclosures will be made to customers specified

in II.C. above:

1. That the shares are not insured by and are not an
obligation of the FDIC or any other government agency;

2.

That the shares are not a deposit or obligation of and are not endorsed or guaranteed by any Mellon Bank or any other bank;

3. That the investment poses investment risks, including the possible loss of principal, and that the investment may fluctuate in value so that when the investment is sold by the customer it may be worth more or less than when purchased by the customer;

4. To the extent applicable, that there exists an investment adviser relationship between a Mellon Company and the mutual fund, and a statement that Mellon Companies may have other types of relationships (such as custodian or transfer agent) with the mutual fund; and

5. That, if applicable, there are deferred sales charges to which the shares may be subject.

E. The disclosures required in II.D. above will be made on or before the earlier of (1) the initial purchase of the investment to which they relate or (2) the opening of the initial account through which such purchases can be made. These disclosures will appear on a separate sheet of paper or in a prominent location in the other papers signed by the customer to make an initial purchase of the shares or to open the account. At the time that these disclosures are made, the Mellon Company making the disclosures will obtain a statement, signed and dated by the customer, that contains a declaration that the customer has read and understood the disclosures provided by the Mellon Company with respect to that investment or account.

F. The disclosures required in paragraph II.D. will appear conspicuously in any written advertisement, solicitation, or promotional or other sales material for a specific mutual fund if the material also mentions a Mellon Bank or is specifically directed to Mellon Bank customers.

G. In connection with any investment in a mutual fund, any confirmation notice or periodic statement issued by a Mellon Company or by a transfer agent for any Mellon-Advised Fund will disclose that the investment is not FDIC-Insured and is not an obligation of or guaranteed by any bank.

H. Each Mellon Bank will post, in a conspicuous place in that part of any branch banking office in which any shares of mutual funds are sold, a notice that those shares are not insured by the FDIC.

1. No sales of shares of a mutual fund will be made and no recommendations concerning such mutual fund shares will be provided at a teller's window in a Mellon Bank.

J. Mellon Company employees recommending and selling mutual funds ("Investment Services Employees") will be properly qualified and trained. Their training will include product knowledge, customer protection and compliance with all applicable laws, regulations and self-regulatory standards. No person will recommend or sell mutual fund shares in Mellon Bank branches unless he or she is registered with the National Association of Securities Dealers ("NASD") as a broker or dealer, or as a representative of a broker or dealer, or as an investment adviser. All employees who in the regular course of their employment refer customers to persons authorized to recommend or sell mutual fund shares will receive product and compliance training appropriate to and clearly defining their limited and specific roles in making those referrals.

K. Background inquiries about new Investment Services Employees with previous securities industry experience will include a check of disciplinary history with securities regulators.

L. Each Investment Services Employee will attempt in good faith to determine whether an investment in a mutual fund is suitable for a

customer or potential customer before recommending such security for the customer, to the full extent required by NASD Rules of Fair Practice. Suitability Inquiries will be made of the customer and responses documented, consistent with the NASD Rules of Fair Practice, concerning the customer's financial status, tax status, investment objectives, risk tolerance, and other factors that may be relevant, prior to making recommendations to the customer.

M. Mellon Company compensation programs will be administered and monitored to guard against a recommendation by an Investment Services Employee of an unsuitable Mellon-Advised Fund to any customer.

N. Tellers at Mellon Banks will not receive referral fees based on the success of sales of shares of mutual funds.

0. No Mellon Bank will share confidential customer information with any Mellon Company providing investment services other than (1) Information which the bank's customer has consented to share with third parties or (2) information of a type that the Mellon Company could receive in a credit bureau or other third party report on the customer.