0000899681-04-000493 Sample Contracts

MANAGEMENT AGREEMENT DREYFUS GROWTH AND VALUE FUNDS, INC. 200 Park Avenue New York, New York 10166
Management Agreement • June 25th, 2004 • Dreyfus Growth & Value Funds Inc

The above-named investment company (the "Fund") consisting of the series named on Schedule 1 hereto, as such Schedule may be revised from time to time (each, a "Series"), herewith confirms its agreement with you as follows:

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DISTRIBUTION AGREEMENT DREYFUS GROWTH AND VALUE FUNDS, INC. 200 Park Avenue New York, New York 10166
Distribution Agreement • June 25th, 2004 • Dreyfus Growth & Value Funds Inc

This is to confirm that, in consideration of the agreements hereinafter contained, the above-named investment company (the "Fund") has agreed that you shall be, for the period of this agreement, the distributor of (a) shares of each Series of the Fund set forth on Exhibit A hereto, as such Exhibit may be revised from time to time (each, a "Series") or (b) if no Series are set forth on such Exhibit, shares of the Fund. For purposes of this agreement the term "Shares" shall mean the authorized shares of the relevant Series, if any, and otherwise shall mean the Fund's authorized shares.

SUB-INVESTMENT ADVISORY AGREEMENT THE DREYFUS CORPORATION 200 Park Avenue New York, New York 10166
Dreyfus Growth & Value Funds Inc • June 25th, 2004

As you are aware, Dreyfus Growth and Value Funds, Inc., a Maryland corporation (the "Fund"), desires to employ the capital of its series named on Schedule 1 hereto, as such Schedule may be revised from time to time (each, a "Series"), by investing and reinvesting the same in investments of the type and in accordance with the limitations specified in the Fund's charter documents in the Series' Prospectus and Statement of Additional Information as from time to time in effect, copies of which have been or will be submitted to you, and in such manner and to such extent as from time to time may be approved by the Fund's Board. The Fund employs The Dreyfus Corporation (the "Adviser") to act as its investment adviser pursuant to a written agreement (the "Management Agreement"), a copy of which has been furnished to you. The Adviser desires to employ you to act as each Series' sub-investment adviser.

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