DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND
485B24E, 1997-01-08
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                                                                Page 1 of 6

                     File Nos. 811-4271 and 2-96709




                   SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C.  20549

                                FORM N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933             [ X ]

                        Pre-Effective Amendment No.                 [   ]
   

                     Post-Effective Amendment No.  15               [ X ]
    


                                  and

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [ X ]
   

                           Amendment No.  15                        [ X ]
    


                  (Check appropriate box or boxes)

             DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND
         (Exact Name of Registrant as Specified in Charter)

c/o The Dreyfus Corporation
200 Park Avenue, New York, New York  10166
(Address of Principal Executive Offices)  (Zip Code)

Registrant's Telephone Number, including Area Code:  (212) 922-6020

                            Mark N. Jacobs, Esq.
                              200 Park Avenue
                         New York, New York  10166
                 (Name and Address of Agent for Service)

It is proposed that this filing will become effective (check appropriate box)
   

__X__ immediately upon filing pursuant to paragraph (b)

_____ on _____________  pursuant to paragraph (b)

_____ 60 days after filing pursuant to paragraph (a) (i)

_____ on (date) pursuant to paragraph (a) (i)

_____ 75 days after filing pursuant to paragraph (a) (ii)

_____ on (date) pursuant to paragraph (a) (ii) of Rule 485
    
   

Registrant has registered an indefinite number of shares of its Beneficial
Interest under the Securities Act of 1933 pursuant to Sec. 24(f) of the
Investment Company Act of 1940.  Registrant's Rule 24f-2 Notice for the fiscal
year ended May 31, 1996 was filed July 25, 1996.
    

                                                                      Page 2

                REGISTRATION STATEMENT FILE NOS. 811-4271 AND 2-96709

                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, DC  20549

For Registration under the Securities Act of 1933 of Securities of Open-End
Management Investment Companies registered on Form N-1A.

A.     Exact name of Company specified in Charter:

       DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND

B.     Complete address of Company's principal executive offices:

       c/o The Dreyfus Corporation, 200 Park Avenue, New York, NY  10166

C.     Name and complete address of agent for service:

       Mark N. Jacobs, Esq.
       The Dreyfus Corporation
       200 Park Avenue
       New York, NY  10166

D.     Title and amount of Securities being registered (number of shares or
       other units):
   

          628,308 Shares                                  (See Note Below)
    

E.     Proposed aggregate offering price to the public of the securities being
       registered:
   

       $330,003                        (Determined on the basis of the closing
                                       price on December 19, 1996; i.e. $16.34
                                       per share (See Note Below))
    

F.     Amount of filing fee, computed at one thirty-third of one percent of
       the proposed maximum aggregate offering price to the public:
   

       $100                            (See Note Below)
    

G.     Approximate date of proposed public offering:

       As soon as practicable after the effective date of this
       Registration Statement, and thereafter from day to day

NOTE:  Shares to be registered pursuant to Rule 24e-2
                                                                   Aggregate
                                                                Offering Price
   

       Total Shares Registered:        628,308 X $16.34 =        $10,266,553

       Less Adjustment for Shares
       Redeemed in excess of Shares
       Sold during Fiscal Year
       ended May 31, 1996:             608,112 X $16.34 =        $ 9,936,550
                                        20,196 X $16.34 =        $   330,003

       Fee at 1/33 of 1%                                         $       100
    

                                                                Page 3





                       CONSENT OF STROOCK & STROOCK & LAVAN




    The Consent of Stroock & Stroock & Lavan, counsel to the Registrant, has
been included in their Opinion filed as Exhibit 10 to this Amendment to the
Registration Statement.

                                                                      Page 4

                                   SIGNATURES

   

    Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant certifies that it meets all the
requirements for effectiveness of this Amendment to the Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused
this Amendment to the Registration Statement to be signed on its behalf by the
undersigned, thereunto duly authorized, in the City of New York, and State of
New York, on the 8th day of January, 1997.
    


                            DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND

                            BY:   /s/ Marie E. Connolly*
                               MARIE E. CONNOLLY, PRESIDENT

    Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, this Amendment to the Registration Statement
has been signed below by the following persons in the capacities and on the
date indicated.


        SIGNATURE                TITLE

/s/ Marie E. Connolly*           President and Treasurer
Marie E. Connolly                (Principal Executive, Financial
                                    and Accounting Officer)

/s/ Joseph S. DiMartino*         Chairman of the Board
Joesph S. DiMartino

/s/ David W. Burke*              Trustee
David W. Burke

/s/ Samuel Chase*                Trustee
Samuel Chase

/s/ Gordon J. Davis*             Trustee
Gordon J. Davis

/s/ Joni Evans*                  Trustee
Joni Evans

/s/ Arnold S. Hiatt*             Trustee
Arnold S. Hiatt

/s/ David J. Mahoney*            Trustee
David J. Mahoney

/s/ Burton N. Wallack*           Trustee
Burton N. Wallack



   

*BY: /s/ Elizabeth A. Bachman
     Elizabeth A. Bachman, Attorney-in-Fact
    




<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000765823
<NAME> DREYFUS MASSACHUSETTS TAX EXEMPT BOND FUND
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAY-31-1996
<PERIOD-END>                               MAY-31-1996
<INVESTMENTS-AT-COST>                           147946
<INVESTMENTS-AT-VALUE>                          149555
<RECEIVABLES>                                     2777
<ASSETS-OTHER>                                     470
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                  152802
<PAYABLE-FOR-SECURITIES>                           963
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          117
<TOTAL-LIABILITIES>                               1080
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                        151667
<SHARES-COMMON-STOCK>                             9565
<SHARES-COMMON-PRIOR>                             9893
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                         (1555)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                          1610
<NET-ASSETS>                                    151722
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                 9497
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1206
<NET-INVESTMENT-INCOME>                           8291
<REALIZED-GAINS-CURRENT>                          3018
<APPREC-INCREASE-CURRENT>                       (6550)
<NET-CHANGE-FROM-OPS>                             4759
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (8291)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                           2309
<NUMBER-OF-SHARES-REDEEMED>                     (3015)
<SHARES-REINVESTED>                                378
<NET-CHANGE-IN-ASSETS>                          (9028)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                       (4573)
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                              913
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                   1206
<AVERAGE-NET-ASSETS>                            152215
<PER-SHARE-NAV-BEGIN>                            16.25
<PER-SHARE-NII>                                    .88
<PER-SHARE-GAIN-APPREC>                          (.39)
<PER-SHARE-DIVIDEND>                             (.88)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              15.86
<EXPENSE-RATIO>                                   .008
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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