April 21, 1994
DREYFUS MUNICIPAL BOND FUND, INC.
Supplement to Statement of Additional Information
Dated December 29, 1993
The following information supplements and should be read in
conjunction with the section of the Fund's Statement of Additional
Information entitled "Shareholder Services":
Dreyfus Dividend ACH. Dreyfus Dividend ACH permits a shareholder to
transfer electronically on the payment date their dividends or dividends
and capital gains, if any, from the Fund to a designated bank account.
Only an account maintained at a domestic financial institution which is an
Automated Clearing House member may be so designated. Banks may charge a
fee for this service. For more information concerning Dreyfus Dividend
ACH, or to request a Dividend Options form, please call toll free 1-800-
645-6561. You may cancel this privilege by mailing written notification
to The Dreyfus Family of Funds, P.O. Box 9671, Providence, Rhode Island
02940-9671. Enrollment or cancellation is effective three business days
following receipt. This privilege is available only for existing
accounts. The Fund may modify or terminate this privilege at any time or
charge a service fee. No such fee is currently contemplated.
The following information supplements and supersedes any contrary
information contained in the section in the Fund's Statement of Additional
Information captioned "Redemption of Fund Shares--Redemption by Wire or
Telephone" and describes a new telephone redemption privilege:
Wire Redemption Privilege. An investor may request by wire or telephone
that redemption proceeds (minimum $1,000) be wired to the investor's
account at a bank which is a member of the Federal Reserve System, or a
correspondent bank if the investor's bank is not a member. An investor
may direct that redemption proceeds be paid by check (maximum $150,000 per
day) made out to the owners of record and mailed to the investor's
address. Redemption proceeds of less than $1,000 will be paid
automatically by check. Holders of jointly registered Fund or bank
accounts may have redemption proceeds of only up to $250,000 wired within
any 30-day period. The Fund reserves the right to refuse any redemption
request, including requests made shortly after a change of address, and
may limit the amount involved or the number of such requests.
Telephone Redemption Privilege. An investor may redeem Fund shares
(maximum $150,000 per day) by telephone if the investor has checked the
appropriate box on the Fund's Account Application or has filed an Optional
Services Form with the Transfer Agent. The redemption proceeds will be
paid by check and mailed to the investor's address. An investor may
telephone redemption instructions by calling 1-800-221-4060 or, if the
investor is calling from overseas, 1-401-455-3306. The Fund reserves the
right to refuse any request made by telephone, including requests made
shortly after a change of address, and may limit the amount involved or
the number of telephone redemption requests. This Privilege may be
modified or terminated at any time by the Transfer Agent or the Fund.
Shares for which certificates have been issued, are not eligible for this
Privilege.
