DREYFUS LAUREL TAX FREE MUNICIPAL FUNDS
497, 1995-03-16
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                                                        March 10, 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 replaces and supersedes 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.




                                                           March 10, 1995


                     The Dreyfus/Laurel Tax-Free Municipal Funds
                        - Premier Limited Term Municipal Fund
                              Supplement to Prospectus
                               Dated December 28, 1994


      The following sentence replaces and supersedes 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.



                                                           March 15, 1995

                             The Dreyfus/Laurel Tax-Free Municipal Funds -
                            Premier Limited Term California Municipal Fund
                           Premier Limited Term Massachusetts Municipal Fund
                             Premier Limited Term New York Municipal Fund
                             Dreyfus/Laurel California Tax Free Money Fund
                           Dreyfus/Laurel Massachusetts Tax Free Money Fund
                              Dreyfus/Laurel New York Tax Free Money Fund

                                       Supplement to Prospectus
                                        Dated December 28, 1994


       The following sentence replaces and supersedes the fifth sentence of
the first paragraph under "How To Buy Fund Shares" contained in the Fund's
Prospectus:

       Class R shares are sold primarily to bank trust departments and other
financial service providers (including Mellon Bank and its affiliates)
("Banks") acting on behalf of customers having a qualified trust or
investment account or relationship at such institutions, or to customers
who have received and hold shares of a Fund distributed to them by virtue
of such an account or relationship.



                                                              March 15, 1995

                             The Dreyfus/Laurel Tax-Free Municipal Funds -
                                  Premier Limited Term Municipal Fund

                                       Supplement to Prospectus
                                        Dated December 28, 1994


       The following sentence replaces and supersedes the second sentence of
the second paragraph under "How To Buy Fund Shares" contained in the
Fund's Prospectus:

       Class R shares are sold primarily to bank trust departments and other
financial service providers (including Mellon Bank and its affiliates)
("Banks") acting on behalf of customers having a qualified trust or
investment account or relationship at such institutions, or to customers
who have received and hold shares of the Fund distributed to them by
virtue of such an account or relationship.



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