DREYFUS INTERMEDIATE MUNICIPAL BOND FUND INC
497, 2000-03-29
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                                                      March 30, 2000

                DREYFUS INTERMEDIATE MUNICIPAL BOND FUND, INC.

                           SUPPLEMENT TO PROSPECTUS

                             DATED OCTOBER 1, 1999

THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES ANY CONTRARY INFORMATION
CONTAINED IN THE FUND'S PROSPECTUS:

      Shares  acquired  by purchase or exchange after May 30, 2000, and redeemed
or  exchanged  less  than  30 days after they are acquired, will be subject to a
redemption  fee  of  0.10% of the value of the shares redeemed or exchanged. The
redemption  fee  will  be  retained by the Fund and used primarily to offset the
transaction   costs  that  short-term  trading  imposes  on  the  Fund  and  its
shareholders.  For  purposes  of calculating the 30-day holding period, the Fund
will  employ  the  "first  in,  first out" method, which assumed that the shares
redeemed or exchanged are the ones held the longest.

      No  redemption fee will be charged on the redemption or exchange of shares
(1)  through  the Fund's Check Redemption Privilege Automatic Withdrawal Plan or
Dreyfus  Auto-Exchange Privilege, (2) through accounts that are reflected on the
records  of  the  Transfer Agent as omnibus accounts approved by Dreyfus Service
Corporation,  (3)  through  accounts established by securities dealers, banks or
other  financial  institutions  approved  by  Dreyfus  Service  Corporation that
utilize the National Securities Clearing Corporation's networking system, or (4)
acquired  through  the reinvestment of dividends or capital gains distributions.
The redemption fee may be waived, modified or terminated at any time.


                                                                      947s0300A


                                               March 30, 2000



                 DREYFUS INTERMEDIATE MUNICIPAL BOND FUND, INC.

                                Supplement to the
                       Statement of Additional Information
                              Dated October 1, 1999

           The following information supplements or replaces any contrary
      information contained in the Fund's Statement of Additional Information:

           Shares acquired by purchase or exchange after May 30, 2000, and
      redeemed or exchanged less than 30 days after they are acquired, will be
      subject to a redemption fee of 0.10% of the value of the shares redeemed
      or exchanged. The redemption fee will be retained by the Fund and used
      primarily to offset the transaction costs that short-term trading imposes
      on the Fund and its shareholders. For purposes of calculating the 30-day
      holding period, the Fund will employ the "first in, first out" method,
      which assumed that the shares redeemed or exchanged are the ones held the
      longest.

           No redemption fee will be charged on the redemption or exchange of
      shares (1) through the Fund's Check Redemption Privilege Automatic
      Withdrawal Plan or Dreyfus Auto-Exchange Privilege, (2) through accounts
      that are reflected on the records of the Transfer Agent as omnibus
      accounts approved by Dreyfus Service Corporation, (3) through accounts
      established by securities dealers, banks or other financial institutions
      approved by Dreyfus Service Corporation that utilize the National
      Securities Clearing Corporation's networking system, or (4) acquired
      through the reinvestment of dividends or capital gains distributions. The
      redemption fee may be waived, modified or terminated at any time.


947s0300Asai






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