GENERAL NEW YORK MUNICIPAL BOND FUND INC
497, 2000-03-21
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                                                                 March 22, 2000

                   GENERAL NEW YORK MUNICIPAL BOND FUND, INC.
                            SUPPLEMENT TO PROSPECTUS
                              DATED MARCH 1, 2000

      Effective  March  22,  2000, Dreyfus Service Corporation became the fund's
distributor  and entitled to receive all fees payable by the fund under its Rule
12b-1 Plan.

                                                                     949s0300-2




                                                                 March 22, 2000

                   GENERAL NEW YORK MUNICIPAL BOND FUND, INC.
                SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
                               DATED MARCH 1, 2000


         The following information replaces all contrary information contained
in the sections of the Statement of Additional Information ("SAI") entitled
"Description of the Fund", "Management of the Fund" and "Management
Arrangements":

         Effective March 22, 2000, Dreyfus Service Corporation ("DSC") became
the distributor to the Fund. DSC is located at 200 Park Avenue, New York, NY
10166.

         The following information replaces the information contained in the
section of the Statement of Additional Information ("SAI") entitled "Management
of the Fund - Officers of the Fund":

Stephen E. Canter,  President.  President,  Chief Operating  Officer,  and Chief
     Investment  Officer of the  Manager,  and an  officer  of other  investment
     companies  advised and  administered  by the Manager.  Mr. Canter also is a
     Director  or  an  Executive   Committee  Member  of  the  other  investment
     management  subsidiaries of Mellon Financial Corporation,  each of which is
     an affiliate of the Manager. He is 54 years old.

Mark N. Jacobs, Vice President. Vice President, Secretary and General Counsel to
     the  Manager,  and an officer of other  investment  companies  advised  and
     administered by the Manager. He is 53 years old.

Joseph Connolly, Vice President and Treasurer. Director - Mutual Fund Accounting
     of the Manager,  and an officer of other investment  companies  advised and
     administered by the Manager. He is 42 years old.

Steven F. Newman,  Secretary.  Associate General Counsel and Assistant Secretary
     of the Manager,  and an officer of other investment  companies  advised and
     administered by the Manager. He is 50 years old.

Michael A.  Rosenberg,  Assistant  Secretary.  Associate  General Counsel of the
     Manager,   and  an  officer  of  other  investment  companies  advised  and
     administered by the Manager. He is 40 years old.

Janette E.  Farragher,  Assistant  Secretary.  Assistant  General Counsel of the
     Manager,   and  an  officer  of  other  investment  companies  advised  and
     administered by the Manager. She is 37 years old.

Gregory S. Gruber,  Assistant  Treasurer.  Senior Accounting Manager - Municipal
     Bond Funds of the  Manager,  and an officer of other  investment  companies
     advised and administered by the Manager. He is 40 years old.

         The address of each Fund officer is 200 Park Avenue, New York, NY
10166.

         The following information supplements and replaces all contrary
information contained in the section of the SAI entitled "Service Plan":

         Coincident with the transfer of distribution responsibilities from
Premier to DSC, the Fund's Board adopted amendments to the Fund's Service Plan
solely to reflect DSC as distributor, and to make other non-material amendments
to update the Plan. There was no change to the amount payable under the Plan or
to any other material terms to the Plan. The Amended Plan provides that DSC is
entitled to reimbursement for distributing Fund shares and to receive payments
for advertising and marketing related to Fund shares and for servicing
shareholder accounts.




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