DREYFUS MUNICIPAL BOND FUND
497, 2000-03-21
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                                                                  March 22, 2000
                       DREYFUS MUNICIPAL BOND FUND, INC.
                               SUPPLEMENT TO THE
                      STATEMENT OF ADDITIONAL INFORMATION
                             DATED JANUARY 1, 2000


1. 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.

2. 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  and General  Counsel of 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.

JOHN B. HAMMALIAN,  SECRETARY.  Associate General Counsel of the Manager, and an
     officer of other  investment  companies  advised  and  administered  by the
     Manager. He is 36 years old.

STEVEN F. NEWMAN, ASSISTANT SECRETARY. Associate General Counsel 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.

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.





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