[DREYFUS CORPORATION LETTERHEAD]



                            IMPORTANT



Dear Stockholder:


     The August 4, 1994 stockholder meeting of Dreyfus Liquid
Assets, Inc. has been adjourned with respect to proposal 13 to
allow time for additional shareholders to vote.  All other
proposals on the meeting agenda have passed the shareholder vote
requirement and have been approved.

     The Fund's voting records indicate that your proxy was not
received.  You now have the opportunity to review proposal 13
(fully described in the proxy statement and fund exhibit
previously sent to you) and vote your shares by signing, dating
and mailing the enclosed duplicate proxy card as soon as
possible. 

     Please remember that your Board of Directors has approved
proposal 13, and unanimously recommends that you vote "For" such
proposal.  It is important that you vote your shares.

     If you have any questions or need assistance in voting,
please call our proxy solicitor, D.F. King & Co., Inc. at 
1-800-859-8515.




                         Sincerely,



                         Howard Stein        Joseph S. DiMartino
                         Chairman            President