December 1, 1995
PREMIER NEW YORK MUNICIPAL
BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 8, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED
"MANAGEMENT OF THE FUND," "HOW TO BUY FUND SHARES," "SHAREHOLDER SERVICES"
AND "HOW TO REDEEM FUND SHARES":
Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing Agent
(the "Transfer Agent").
In order to accomplish a transaction using the TELETRANSFER
Privilege or the Telephone Exchange Privilege, please contact your
Financial Representative. If you do not have a Financial Representative,
you may telephone 1-800-645-6561 or, if you are calling from overseas,
516-794-5452. These numbers will be effective January 1, 1996.
021/611s120195
December 1, 1995
PREMIER NEW YORK MUNICIPAL BOND FUND
Supplement to Statement of Additional Information Dated
September 8, 1995
The following information supplements and supersedes any contrary
information contained in the Fund's Statement of Additional Information:
Effective December 1, 1995, Dreyfus Transfer, Inc. (the "Transfer
Agent") became the Fund's transfer and dividend disbursing agent. The
Transfer Agent, a wholly-owned subsidiary of the Manager, is located at One
American Express Plaza, Providence, Rhode Island 02903. Under a transfer
agency agreement with the Fund, the Transfer Agent arranges for the
maintenance of shareholder account records for the Fund, the handling of
certain communications between shareholders and the Fund and the payment of
dividends and distributions payable by the Fund. For these services, the
Transfer Agent receives a monthly fee computed on the basis of the number of
shareholder accounts it maintains for the Fund during the month, and is
reimbursed for certain out-of-pocket expenses. The Transfer Agent has no
part in determining the investment policies of the Fund or which securities
are to be purchased or sold by the Fund.
How to Buy Fund Shares--TeleTransfer Privilege. TeleTransfer purchase
orders may be made at any time. Purchase orders received by 4:00 P.M., New
York time, on any business day that the Transfer Agent and the New York
Stock Exchange are open for business will be credited to the shareholder's
Fund account on the next bank business day following such purchase order.
Purchase orders made after 4:00 P.M., New York time, on any business day the
Transfer Agent and the New York Stock Exchange are open for business, or
orders made on Saturday, Sunday or any Fund holiday (e.g., when the New York
Stock Exchange is not open for business), will be credited to the
shareholder's Fund account on the second bank business day following such
purchase order.
