DREYFUS INSURED MUNICIPAL BOND FUND INC
497, 1997-05-22
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                            FOR USE BY BANKS ONLY
                                                                May 23, 1997
                   DREYFUS INSURED MUNICIPAL BOND FUND, INC.
                          Supplement to Prospectus
                          Dated September 3, 1996
                          As Revised April 29, 1997
        Effective June 1, 1997, the following information supersedes any
contrary information contained in the Fund's Prospectus.
        The Telephone Redemption Privilege is granted automatically unless you
specifically refuse it by checking the applicable "No" box on the Account
Application. The Telephone Redemption Privilege may be established for an
existing account by a separate signed Shareholder Services Form or by oral
request from any of the authorized signatories on the account by calling
1-800-645-6561.
                                                                    306s052397



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