May 30, 2000
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS
DREYFUS PREMIER LIMITED TERM MASSACHUSETTS MUNICIPAL FUND
SUPPLEMENT TO PROSPECTUS
DATED NOVEMBER 1, 1999
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE FUND'S PROSPECTUS ENTITLED "YOUR INVESTMENT -- SERVICES FOR FUND
INVESTORS."
Class B Shares -- Dreyfus Automatic Withdrawal Plan
For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Dreyfus Automatic Withdrawal Plan ("AWP") is added on
or after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does not
exceed an annual rate of 12% of the greater of the account value at the time of
the first withdrawal under the AWP, or the account value at the time of the
subsequent withdrawal.
346s0500
May 30, 2000
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS
DREYFUS PREMIER LIMITED TERM MASSACHUSETTS MUNICIPAL FUND
DREYFUS PREMIER LIMITED TERM MUNICIPAL FUND
Supplement to Statement of Additional Information
Dated November 1, 1999
The following information supplements the information contained in the
section of the Fund's Statement of Additional Information entitled
"Shareholder Services - Automatic Withdrawal Plan."
Class B Shares - Automatic Withdrawal Plan
For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Automatic Withdrawal Plan ("AWP") is added on or
after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does
not exceed an annual rate of 12% of the greater of the account value at the
time of the first withdrawal under the AWP, or the account value at the
time of the subsequent withdrawal. Withdrawals with respect to Class B
shares under the AWP that exceed such amounts will be subject to a CDSC.
================================================================================
May 30, 2000
THE DREYFUS/LAUREL TAX-FREE MUNICIPAL FUNDS
DREYFUS PREMIER LIMITED TERM MUNICIPAL FUND
SUPPLEMENT TO PROSPECTUS
DATED NOVEMBER 1, 1999
THE FOLLOWING INFORMATION SUPPLEMENTS THE INFORMATION CONTAINED IN THE
SECTION OF THE FUND'S PROSPECTUS ENTITLED "YOUR INVESTMENT -- SERVICES FOR FUND
INVESTORS."
Class B Shares -- Dreyfus Automatic Withdrawal Plan
For any Fund account opened on or after July 24, 2000, or any existing
Fund account to which the Dreyfus Automatic Withdrawal Plan ("AWP") is added on
or after July 24, 2000, there will be no CDSC on Class B shares redeemed
pursuant to an AWP withdrawal, as long as the amount of the withdrawal does not
exceed an annual rate of 12% of the greater of the account value at the time of
the first withdrawal under the AWP, or the account value at the time of the
subsequent withdrawal.
347s0500
