May 19, 1997
DREYFUS MASSACHUSETTS
TAX EXEMPT BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 3, 1996
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE FOLLOWING INDICATED SECTIONS OF THE FUND'S PROSPECTUS:
ANNUAL FUND OPERATING EXPENSES
SHAREHOLDER TRANSACTION EXPENSES
Redemption Fee
(as a percentage of amount redeemed).... 1.00%
The information contained in the Fund's Annual Operating Expenses and
the Example do not reflect any redemption fee retained by the Fund.
HOW TO REDEEM SHARES
Effective November 4, 1996, the following policy was effective: The
Fund will deduct a redemption fee equal to 1% of the net asset value of Fund
shares redeemed (including redemptions through the use of the Fund Exchanges
service) less than fifteen days following the issuance of such shares. The
fee will be retained by the Fund and used primarily to offset the transaction
costs that short-term trading imposes on the Fund and its shareholders. No
redemption fee will be charged upon the redemption of shares through the
Fund's Check Redemption Privilege, Automatic Withdrawal Plan or Dreyfus
Auto-Exchange Privilege, or shares redeemed from omnibus accounts.
Furthermore, no redemption fee will be charged upon the redemption of Fund
shares acquired through reinvestment of dividends or distributions, nor will
the redemption fee be used to pay fees imposed for various Fund services or
shares. The redemption fee may be waived, modified or discontinued at any
time, or from time to time.
(CONTINUED ON REVERSE SIDE)
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.
267s051997
