March 6, 2000
DREYFUS NEW YORK TAX EXEMPT
BOND FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 1, 1999
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACED ANY CONTRARY
INFORMATION CONTAINED IN THE FUNDS PROSPECTUS:
Shares acquired by purchase or exchange after May 9, 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 Funds 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.
980s0300
March 6, 2000
DREYFUS NEW YORK TAX EXEMPT
BOND FUND, INC.
SUPPLEMENT TO THE
STATEMENT OF ADDITIONAL INFORMATION
DATED OCTOBER 1, 1999
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACED ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S STATEMENT OF ADDITIONAL INFORMATION:
Shares acquired by purchase or exchange after May 9, 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.
980s0300sai
