March 30, 1995
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS --
PREMIER LIMITED TERM
MUNICIPAL FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 28, 1994
THE FOLLOWING SENTENCE SUPERSEDES AND REPLACES THE FIRST SENTENCE OF
THE SECOND PARAGRAPH UNDER "HOW TO BUY FUND SHARES -- GENERAL" CONTAINED IN
THE FUND'S PROSPECTUS:
Class R shares are sold primarily to Banks acting on behalf of
customers having a qualified trust or investment account or relationship at
such institution, or to customers who have received and hold shares of the
Fund distributed to them by virtue of such an account or relationship.
THE INFORMATION IN ITEMS I-IV BELOW WILL BECOME EFFECTIVE ON APRIL
10, 1995:
I. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN THE
EIGHTH PARAGRAPH AS WELL AS THE LAST SENTENCE IN THE NINTH PARAGRAPH CONTAINED
IN THE SECTION IN THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY FUND SHARES --
GENERAL". THESE NEW EIGHTH AND NINTH PARAGRAPHS REPRESENT NEW INSTRUCTIONS FOR
INVESTMENTS BY WIRE:
Wire payments may be made if your bank account is in a commercial
bank that is a member of the Federal Reserve System or any other bank having
a correspondent bank in New York City. Immediately available funds may be
transmitted by wire to Boston Safe Deposit & Trust Co., together with the
applicable Class' DDA# as shown below, for purchase of Fund shares in your
name:
DDA# 044520 Premier Limited Term Municipal Fund/Class A shares;
DDA# 044539 Premier Limited Term Municipal Fund/Class B shares;
DDA# 044547 Premier Limited Term Municipal Fund/Class C shares;
DDA# 043621 Premier Limited Term Municipal Fund/Class R shares.
(CONTINUED ON REVERSE SIDE)
II. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN THE
TENTH PARAGRAPH CONTAINED IN THE SECTION IN THE FUND'S PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES -- GENERAL" AND REPRESENTS NEW INSTRUCTIONS FOR
INVESTMENTS BY ELECTRONIC TRANSFER OF FUNDS:
Subsequent investments also may be made by electronic transfer of
funds from an account maintained in a bank or other domestic financial
institution that is an Automated Clearing House ("ACH")member. You must
direct the institution to transmit immediately available funds through the
ACH System to Boston Safe Deposit & Trust Co. with instructions to credit
your Fund account. The instructions must specify your Fund account
registration and Fund account number PRECEDED BY THE DIGITS "4310" for Class
A shares, "4320" for Class
B shares, "4330" for Class C shares and "4940" for Class R shares.
III.THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS AND SPECIFICALLY IN THE
SECTIONS ENTITLED "HOW TO BUY FUND SHARES" AND "HOW TO REDEEM FUND SHARES":
Each Class of shares may be purchased or redeemed by telephone using the
TELETRANSFER Privilege.
IV. THE SECOND PARAGRAPH ON PAGE TWO OF THE FUND'S PROSPECTUS AS WELL AS THE
THIRD PARAGRAPH CONTAINED IN THE SECTION IN THE FUND'S PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES -- GENERAL" ARE DELETED IN THEIR ENTIRETY.
THE FOLLOWING INFORMATION WILL BE IN EFFECT THROUGH APRIL 7, 1995:
Class R shares are not currently available pursuant to this
Prospectus. For further information about Class R shares, please call
1-800-548-2868.
PLT/s033095
March 30, 1995
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS
_ PREMIER LIMITED TERM MASSACHUSETTS MUNICIPAL FUND
_ PREMIER LIMITED TERM NEW YORK MUNICIPAL FUND
_ PREMIER LIMITED TERM CALIFORNIA MUNICIPAL FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 28, 1994
THE FOLLOWING SENTENCE SUPERSEDES AND REPLACES THE FIRST SENTENCE OF
THE THIRD PARAGRAPH UNDER "HOW TO BUY FUND SHARES _ GENERAL" CONTAINED IN
THE FUNDS' PROSPECTUS:
Class R shares are sold primarily to Banks acting on behalf of
customers having a qualified trust or investment account or relationship at
such institution, or to customers who have received and hold shares of the
Fund distributed to them by virtue of such an account or relationship.
THE INFORMATION IN ITEMS I-IV BELOW WILL BECOME EFFECTIVE ON APRIL
10, 1995:
I. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN
THE NINTH PARAGRAPH CONTAINED IN THE SECTION IN THE FUNDS' PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES _ GENERAL" AND TOGETHER WITH THE INFORMATION
CONTAINED IN THE TENTH PARAGRAPH REPRESENTS NEW INSTRUCTIONS FOR INVESTMENTS
BY WIRE:
Wire payments may be made if your bank account is in a commercial
bank that is a member of the Federal Reserve System or any other bank having
a correspondent bank in New York City. Immediately available funds may be
transmitted by wire to Boston Safe Deposit & Trust Co., together with the
applicable Class' DDA# as shown below, for purchase of Fund shares in your
name:
DDA# 044490 Premier Limited Term Massachusetts Municipal Fund /Class
A shares;
DDA# 044504 Premier Limited Term Massachusetts Municipal Fund/Class B
shares;
DDA# 044512 Premier Limited Term Massachusetts Municipal Fund/Class C
shares;
DDA# 043613 Premier Limited Term Massachusetts Municipal Fund/Class R
shares;
DDA# 044555 Premier Limited Term New York Municipal Fund/Class A
shares;
DDA# 044563 Premier Limited Term New York Municipal Fund/Class B
shares;
DDA# 044571 Premier Limited Term New York Municipal Fund/Class C
shares;
DDA# 043648 Premier Limited Term New York Municipal Fund/Class R
shares;
DDA# 044369 Premier Limited Term California Muncipal Fund/Class A
shares;
DDA# 044377 Premier Limited Term California Muncipal Fund/Class B
shares;
DDA# 044385 Premier Limited Term California Municipal Fund/Class C
shares;
DDA# 043605 Premier Limited Term California Municipal Fund/Class R
shares.
II. THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE INFORMATION IN THE
ELEVENTH PARAGRAPH CONTAINED IN THE SECTION IN THE FUNDS' PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES _ GENERAL" AND REPRESENTS NEW INSTRUCTIONS FOR
INVESTMENTS BY ELECTRONIC TRANSFER OF FUNDS:
Subsequent investments also may be made by electronic transfer of
funds from an account maintained in a bank or other domestic financial
institution that is an Automated Clearing House ("ACH")member. You must
direct the institution to transmit immediately available funds through the
ACH System to Boston Safe Deposit & Trust Co. with instructions to credit
your Fund account.
(CONTINUED ON REVERSE SIDE)
The instructions must specify your Fund account registration and Fund account
number PRECEDED BY THE DIGITS listed below for the applicable Fund and Class
of shares:
"4280" for Premier Limited Term Massachusetts Municipal Fund/Class A
shares;
"4290" for Premier Limited Term Massachusetts Municipal Fund/Class B
shares;
"4300" for Premier Limited Term Massachusetts Municipal Fund/Class C
shares;
"4930" for Premier Limited Term Massachusetts Municipal Fund/Class R
shares;
"4340" for Premier Limited Term New York Municipal Fund/Class A
shares;
"4350" for Premier Limited Term New York Municipal Fund/Class B
shares;
"4360" for Premier Limited Term New York Municipal Fund/Class C
shares;
"4950" for Premier Limited Term New York Municipal Fund/Class R
shares;
"4170" for Premier Limited Term California Municipal Fund/Class A
shares;
"4180" for Premier Limited Term California Municipal Fund/Class B
shares;
"4190" for Premier Limited Term California Municipal Fund/Class C
shares;
"4920" for Premier Limited Term California Municipal Fund/Class R
shares.
III.THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE FUNDS' PROSPECTUS AND SPECIFICALLY IN THE
SECTIONS ENTITLED "HOW TO BUY FUND SHARES" AND "HOW TO REDEEM FUND SHARES":
Each Class of shares may be purchased or redeemed by telephone using the T
ELETRANSFER Privilege.
IV. THE THIRD PARAGRAPH ON PAGE TWO OF THE FUNDS' PROSPECTUS AS WELL AS THE
FOURTH PARAGRAPH CONTAINED IN THE SECTION IN THE FUNDS' PROSPECTUS ENTITLED
"HOW TO BUY FUND SHARES _ GENERAL" ARE DELETED IN THEIR ENTIRETY.
THE FOLLOWING INFORMATION WILL BE IN EFFECT THROUGH APRIL 7, 1995:
Class R shares are not currently available pursuant to this
Prospectus. For further information about Class R shares, please call
1-800-548-2868.
LTST/s033095
