May 19, 1997
DREYFUS CALIFORNIA TAX EXEMPT
BOND FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 3, 1996
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S PROSPECTUS:
Shares acquired by purchase or exchange after May 9, 1997, and
redeemed or exchanged less than 15 days after they are acquired, will be
subject to a redemption fee of .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 15-day holding period,
the Fund will employ the "first in, first out" method, which assumes 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.
EFFECTIVE JUNE 1, 1997, THE FOLLOWING INFORMATION SUPERSEDES ANY
CONTRARY INFORMATION CONTAINED IN THE FUND'S PROSPECTUS.
The Telephone Redemption Privilege is granted automatically unless
you specifically refuse it by checking the applicable "No" box on the Account
Application. The Telephone Redemption Privilege may be established for an
existing account by a separate signed Shareholder Services Form or by oral
request from any of the authorized signatories on the account by calling
1-800-645-6561.
928s051997
