February 12, 1996
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS --
DREYFUS BASIC CALIFORNIA MUNICIPAL
MONEY MARKET FUND
DREYFUS BASIC NEW YORK MUNICIPAL
MONEY MARKET FUND
DREYFUS/LAUREL MASSACHUSETTS TAX-FREE MONEY FUND
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 31, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS, SHOULD BE READ IN CONJUNCTION
WITH AND SUPERSEDES ANY CONTRARY INFORMATION CONTAINED IN THE FUND'S
PROSPECTUS AND SPECIFICALLY IN THE SECTION ENTITLED "DESCRIPTION OF THE FUNDS
- -- RECENT DEVELOPMENTS."
The Meeting of Shareholders of the Dreyfus/Laurel Massachusetts
Tax-Free Money Fund (the "Massachusetts Fund") scheduled to be held on or
about February 15, 1996 to consider the proposals described on pages 11 and
12 of the Massachusetts Fund's Prospectus (the "Proposals") has been
rescheduled to be held on or about April 16, 1996. Upon approval of the
Proposals by the Massachusetts Fund's shareholders, the changes described on
pages 11 and 12 of the Massachusetts Fund's Prospectus would become effective
on or about May 8, 1996 (these changes were previously scheduled to become
effective on or about February 22, 1996). Additionally, upon such approval,
the minimum amount for checkwriting would be increased from $500 to $1,000,
outgoing exchanges would be limited to four per calendar year and the
exchange minimum would be increased from $500 to $1,000, and the minimum for
all wire redemptions would be increased from $1,000 to $5,000, effective on
or about May 8, 1996.
At a Meeting of Shareholders of Dreyfus BASIC California Municipal
Money Market Fund (the "California Fund") held on November 15, 1995, the
California Fund's shareholders approved the new Investment Management
Agreement between The Dreyfus/Laurel Tax-Free Municipal Funds (the "Trust"),
on behalf of the California
(CONTINUED ON REVERSE SIDE)
Fund, and TheDreyfus Corporation ("Dreyfus"), which became effective,
together with certain other changes to the California Fund, on November 20,
1995, as more fully described on pages 10 and 11 of the California Fund's
Prospectus.
At an Adjourned Meeting of Shareholders of Dreyfus BASIC New York
Municipal Money Market Fund (the "New York Fund") held on December 6, 1995,
the New York Fund's shareholders approved the new Investment Management
Agreement between the Trust, on behalf of the New York Fund, and Dreyfus,
which became effective, together with certain other changes to the New York
Fund, on December 8, 1995, as more fully described on pages 10 and 11 of the
New York Fund's Prospectus.
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF
THE FUNDS," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES," AND "HOW TO
REDEEM FUND SHARES":
Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing Agent
(the "Transfer Agent").
Effective January 1, 1996, the telephone number for the following
transactions is 1-800-645-6561 or, if you are calling from overseas,
516-794-5452:
* Dreyfus TELETRANSFER Privilege
* Telephone Exchange Privilege
* Wire Redemption Privilege
* Telephone Redemption Privilege
LSTTFMs020996
