August 22, 1994
DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND
Supplement to the Statement of Additional Information
Dated August 22, 1994
At a meeting of Fund shareholders held on August 2, 1994, shareholders
approved new Investment Restrictions which supersede and replace the Fund's
current Investment Restrictions numbered 2 and 10 in the section in the
Fund's Statement of Additional Information entitled "Investment Objective
and Management Policies--Investment Restrictions." Investment Restriction
number 2 is a fundamental policy and cannot be changed without approval by
the holders of a majority (as defined in the Investment Company Act of
1940, as amended (the "Act")) of the Fund's outstanding voting shares.
Investment Restriction number 10 is not a fundamental policy and may be
changed by vote of a majority of the Fund's Board of Trustees at any time.
The Fund may not:
2. Borrow money, except to the extent permitted under the Act. For
purposes of this investment restriction, entering into options, forward
contracts, futures contracts, including those relating to indexes, and
options on futures contracts or indexes shall not constitute borrowing.
10. Pledge, mortgage, hypothecate or otherwise encumber its assets,
except to the extent necessary to secure permitted borrowings and to the
extent related to the deposit of assets in escrow in connection with the
purchase of securities on a when-issued or delayed-delivery basis and
collateral and initial or variation margin arrangements with respect to
options, futures contracts, including those related to indexes, and options
on futures contracts or indexes.
