February 20, 1996
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, P.O. Box 9671, Providence, Rhode Island 02940-9671, is 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.
THE FOLLOWING INFORMATION SUPERSEDES ANY CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF THE
FUND":
Effective January 17, 1996, the Fund's primary portfolio manager is
Monica S. Wieboldt. Ms. Wieboldt has been employed by The Dreyfus Corporation
since November 1983.
021/611s021996
