October 10, 1996
GENERAL NEW YORK
MUNICIPAL BOND FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1996
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE FOLLOWING INDICATED SECTIONS OF THE FUND'S PROSPECTUS:
ANNUAL FUND OPERATING EXPENSES
SHAREHOLDER TRANSACTION EXPENSES
Redemption Fee
(as a percentage of amount redeemed)..... .10%
The information contained in the Fund's Annual Operating Expenses and
the Example do not reflect any redemption fee retained by the Fund.
HOW TO REDEEM SHARES
Effective November 4, 1996, the Fund will deduct a redemption fee
equal to .10% of the net asset value of Fund shares redeemed (including
redemptions through the use of the Fund Exchanges service) less than fifteen
days following the issuance of such shares. The 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. No redemption fee will be
charged upon the redemption of shares through the Fund's Check Redemption
Privilege, Automatic Withdrawal Plan or Dreyfus Auto-Exchange Privilege, or
shares redeemed from omnibus accounts. Furthermore, no redemption fee will be
charged upon the redemption of Fund shares acquired through reinvestment of
dividends or distributions, nor will the redemption fee be used to pay fees
imposed for various Fund services or shares. The redemption fee may be
waived, modified or discontinued at any time, or from time to time.
949s101096
October 10, 1996
GENERAL NEW YORK MUNICIPAL BOND FUND, INC.
Supplement to Statement of Additional Information
Dated March 1, 1996
The following information supplements the information contained in
the section of the Fund's Statement of Additional Information entitled
"Redemption of Shares":
Redemption Fee. The Fund will deduct a redemption fee equal to .10%
of the net asset value of Fund shares redeemed (including redemptions
through the use of the Fund Exchanges service) less than fifteen days
following the issuance of such shares. The redemption fee will be
deducted from the redemption proceeds and retained by the Fund.
No redemption fee will be charged upon the redemption of shares
through the Fund's Check Redemption Privilege, Automatic Withdrawal Plan
or Dreyfus Auto-Exchange Privilege, or shares redeemed from omnibus
accounts. Furthermore, no redemption fee will be charged upon redemption
of Fund shares acquired through reinvestment of dividends or
distributions, nor will the redemption fee be used to pay fees imposed for
various Fund services or shares. This redemption fee may be waived,
modified or discontinued at any time, or from time to time.
