October 23, 1996
PREMIER CALIFORNIA
MUNICIPAL BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED JUNE 3, 1996
THE FOLLOWING REPLACES AND SUPERSEDES ANY CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW TO BUY
SHARES."
Payments to open new accounts which are mailed should be sent to
Premier California Municipal Bond Fund, P.O. Box 6587, Providence, Rhode
Island 02940-6587. If you are opening a new account, please enclose your
Account Application indicating which Class of shares is being purchased. For
subsequent investments, your Fund account number should appear on the check
and an investment slip should be enclosed.
The DDA number for payment transmitted by wire to The Bank of New
York for purchase of Class A, Class B or Class C shares of the Fund in your
name is as follows:
DDA# 8900119306
The wire must indicate the Class of shares being purchased and must include
the other required information with respect to wire payments set forth under
"How to Buy Shares" in the Fund's Prospectus.
023s102396
