Founders Asset Management of Denver, adviser to the 11 Dreyfus Founders Funds, has fined tuned its Code of Ethics which governs when and how employees may make personal securities trades. The disclosure was made in a prospectus amendment filed with the SEC Sept. 1.

The firm's code of ethics was changed to bring it more in line with the rules of conduct and code of ethics currently being used by Founder's parent company, Mellon Financial Corp. of Pittsburgh, according to a Founder's spokesperson. Mellon, which is also the parent to the Dreyfus Corporation of New York, bought the Founders mutual fund and investment management unit in 1998.

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