December 2, 1998
Dreyfus Premier New York Municipal Bond Fund
Supplement to Prospectus Dated: March 16, 1998
The following information supplements and should be read in conjunction with
the information contained in the section of the Fund's prospectus entitled
"How to Buy Shares - Class A Shares."
Investors who held shares of Dreyfus Premier Insured Municipal Bond Fund
("DPIMBF") on November 16, 1998, the date that DPIMBF was liquidated, may
purchase Class A shares of the Fund at net asset value until January 31,
1999.
