DREYFUS PREMIER STATE MUNICIPAL BOND FUND
N-30D, EX-99.B, 2000-06-28
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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, CONNECTICUT SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND INDEX

      EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                      LEHMAN                   FUND,
                     BROTHERS                CONNECTICUT
       PERIOD        MUNICIPAL                SERIES
                       BOND                  (CLASS A
                      INDEX *                 SHARES)

       4/30/90        10,000                  9,552
       4/30/91        11,149                  10,613
       4/30/92        12,209                  11,477
       4/30/93        13,754                  13,040
       4/30/94        14,051                  13,290
       4/30/95        14,985                  14,017
       4/30/96        16,177                  14,978
       4/30/97        17,249                  16,002
       4/30/98        18,853                  17,512
       4/30/99        20,163                  18,685
       4/30/00        19,978                  18,112

* Source: Lipper Analytical Services, Inc.


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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, FLORIDA SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND INDEX

EXHIBIT A:

                                                    DREYFUS
                                                     PREMIER
                                                     STATE
                                                   MUNICIPAL
                                                       BOND
                        LEHMAN                         FUND
                       BROTHERS                      FLORIDA
   PERIOD              MUNICIPAL                      SERIES
                         BOND                        (CLASS A
                       INDEX *                       SHARES)

  4/30/90              10,000                        9,549
  4/30/91              11,149                       10,733
  4/30/92              12,209                       11,815
  4/30/93              13,754                       13,333
  4/30/94              14,051                       13,617
  4/30/95              14,985                       14,531
  4/30/96              16,177                       15,493
  4/30/97              17,249                       16,227
  4/30/98              18,853                       17,318
  4/30/99              20,163                       18,183
  4/30/00              19,978                       17,603

* Source: Lipper Analytical Services, Inc.

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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, GEORGIA SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND
INDEX

EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                      LEHMAN                  FUND,
                      BROTHERS                GEORGIA
   PERIOD            MUNICIPAL                SERIES
                        BOND                 (CLASS A
                      INDEX *                 SHARES)

   9/3/92             10,000                  9,549
  4/30/93             10,736                  10,548
  4/30/94             10,968                  10,650
  4/30/95             11,698                  11,382
  4/30/96             12,627                  12,195
  4/30/97             13,465                  12,946
  4/30/98             14,717                  13,951
  4/30/99             15,739                  14,752
  4/30/00             15,595                  14,345

* Source: Lipper Analytical Services, Inc.



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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, MARYLAND SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND INDEX

EXHIBIT A:

                                        DREYFUS
                                        PREMIER
                                        STATE
                                        MUNICIPAL
                                         BOND
               LEHMAN                    FUND,
                BROTHERS                MARYLAND
   PERIOD       MUNICIPAL               SERIES
                 BOND                   (CLASS A
                INDEX *                 SHARES)

  4/30/90       10,000                  9,548
  4/30/91       11,149                  10,716
  4/30/92       12,209                  11,754
  4/30/93       13,754                  13,156
  4/30/94       14,051                  13,332
  4/30/95       14,985                  14,201
  4/30/96       16,177                  15,229
  4/30/97       17,249                  16,280
  4/30/98       18,853                  17,810
  4/30/99       20,163                  18,836
  4/30/00       19,978                  18,157

* Source: Lipper Analytical Services, Inc.

--------------------------------------------------------------------------------


COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN DREYFUS
PREMIER STATE MUNICIPAL BOND FUND, MASSACHUSETTS SERIES CLASS
A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND INDEX

EXHIBIT A:

                                          DREYFUS
                                          PREMIER
                                           STATE
                                         MUNICIPAL
                                           BOND
                     LEHMAN                FUND,
                    BROTHERS            MASSACHUSETTS
  PERIOD           MUNICIPAL              SERIES
                      BOND               (CLASS A
                    INDEX *               SHARES)

  4/30/90           10,000                9,553
  4/30/91           11,149                10,626
  4/30/92           12,209                11,722
  4/30/93           13,754                13,263
  4/30/94           14,051                13,538
  4/30/95           14,985                14,313
  4/30/96           16,177                15,127
  4/30/97           17,249                16,198
  4/30/98           18,853                17,663
  4/30/99           20,163                18,737
  4/30/00           19,978                18,096

* Source: Lipper Analytical Services, Inc.


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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, MICHIGAN SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND
INDEX

EXHIBIT A:

                                               DREYFUS
                                               PREMIER
                                                STATE
                                              MUNICIPAL
                                                BOND
                     LEHMAN                     FUND,
                    BROTHERS                  MICHIGAN
                    MUNICIPAL                  SERIES
    PERIOD            BOND                    (CLASS A
                     INDEX *                   SHARES)

   4/30/90           10,000                    9,550
   4/30/91           11,149                    10,659
   4/30/92           12,209                    11,737
   4/30/93           13,754                    13,291
   4/30/94           14,051                    13,776
   4/30/95           14,985                    14,692
   4/30/96           16,177                    15,693
   4/30/97           17,249                    16,773
   4/30/98           18,853                    18,207
   4/30/99           20,163                    19,280
   4/30/00           19,978                    18,787

* Source: Lipper Analytical Services, Inc.

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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, MINNESOTA
SERIES CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL
BOND INDEX

EXHIBIT A:

                                        DREYFUS
                                        PREMIER
                                         STATE
                                        MUNICIPAL
                                         BOND
                    LEHMAN               FUND,
                   BROTHERS             MINNESOTA
   PERIOD         MUNICIPAL              SERIES
                     BOND               (CLASS A
                   INDEX *              SHARES)

  4/30/90          10,000                9,548
  4/30/91          11,149               10,684
  4/30/92          12,209               11,693
  4/30/93          13,754               13,092
  4/30/94          14,051               13,364
  4/30/95          14,985               14,319
  4/30/96          16,177               15,194
  4/30/97          17,249               16,129
  4/30/98          18,853               17,316
  4/30/99          20,163               18,253
  4/30/00          19,978               17,801

* Source: Lipper Analytical Services, Inc.

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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, NEW JERSEY
SERIES CLASS A SHARES AND CLASS B SHARES AND THE LEHMAN
BROTHERS MUNICIPAL BOND INDEX

EXHIBIT A:

                            DREYFUS    DREYFUS
                            PREMIER    PREMIER
                             STATE      STATE
                           MUNICIPAL  MUNICIPAL
                              BOND      BOND
                             FUND,      FUND,
                 LEHMAN       NEW        NEW
                BROTHERS     JERSEY    JERSEY
    PERIOD     MUNICIPAL     SERIES    SERIES
                  BOND      (CLASS A  (CLASS B
                INDEX *     SHARES)    SHARES)

    5/4/94      10,000       9,549     10,000
   4/30/95      10,665      10,142     10,569
   4/30/96      11,513      10,706     11,101
   4/30/97      12,276      11,333     11,694
   4/30/98      13,418      12,407     12,728
   4/30/99      14,350      13,092     13,375
   4/30/00      14,219      12,442     12,552

* Source: Lipper Analytical Services, Inc.

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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN DREYFUS
PREMIER STATE MUNICIPAL BOND FUND, NORTH CAROLINA SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND INDEX

EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                                               FUND,
                        LEHMAN                 NORTH
                       BROTHERS              CAROLINA
                      MUNICIPAL               SERIES
    PERIOD               BOND                (CLASS A
                       INDEX *                SHARES)

    8/1/91             10,000                 9,547
   4/30/92             10,734                 10,360
   4/30/93             12,092                 11,911
   4/30/94             12,353                 11,945
   4/30/95             13,175                 12,626
   4/30/96             14,222                 13,483
   4/30/97             15,166                 14,536
   4/30/98             16,576                 16,047
   4/30/99             17,727                 16,950
   4/30/00             17,565                 16,378

* Source: Lipper Analytical Services, Inc.


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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, OHIO SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL
BOND INDEX

EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                      LEHMAN                   FUND,
                     BROTHERS                  OHIO
    PERIOD          MUNICIPAL                 SERIES
                       BOND                  (CLASS A
                     INDEX *                  SHARES)

   4/30/90           10,000                   9,553
   4/30/91           11,149                   10,684
   4/30/92           12,209                   11,750
   4/30/93           13,754                   13,305
   4/30/94           14,051                   13,675
   4/30/95           14,985                   14,444
   4/30/96           16,177                   15,421
   4/30/97           17,249                   16,487
   4/30/98           18,853                   17,821
   4/30/99           20,163                   18,840
   4/30/00           19,978                   18,448

* Source: Lipper Analytical Services, Inc.


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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, PENNSYLVANIA
SERIES CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND
INDEX

EXHIBIT A:

                                          DREYFUS
                                          PREMIER
                                           STATE
                                         MUNICIPAL
                                           BOND
                  LEHMAN                   FUND,
                 BROTHERS               PENNSYLVANIA
  PERIOD        MUNICIPAL                 SERIES
                   BOND                  (CLASS A
                 INDEX *                  SHARES)

  4/30/90        10,000                   9,551
  4/30/91        11,149                   10,673
  4/30/92        12,209                   11,843
  4/30/93        13,754                   13,405
  4/30/94        14,051                   13,696
  4/30/95        14,985                   14,606
  4/30/96        16,177                   15,696
  4/30/97        17,249                   16,778
  4/30/98        18,853                   18,426
  4/30/99        20,163                   19,527
  4/30/00        19,978                   18,894

* Source: Lipper Analytical Services, Inc.


--------------------------------------------------------------------------------

COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, TEXAS SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND
INDEX

EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                      LEHMAN                   FUND,
                     BROTHERS                  TEXAS
   PERIOD           MUNICIPAL                 SERIES
                       BOND                  (CLASS A
                     INDEX *                  SHARES)

  4/30/90            10,000                   9,548
  4/30/91            11,149                   10,649
  4/30/92            12,209                   11,817
  4/30/93            13,754                   13,447
  4/30/94            14,051                   13,800
  4/30/95            14,985                   14,853
  4/30/96            16,177                   16,050
  4/30/97            17,249                   17,293
  4/30/98            18,853                   19,029
  4/30/99            20,163                   20,105
  4/30/00            19,978                   19,379

* Source: Lipper Analytical Services, Inc.


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COMPARISON OF CHANGE IN VALUE OF $10,000 INVESTMENT IN
DREYFUS PREMIER STATE MUNICIPAL BOND FUND, VIRGINIA SERIES
CLASS A SHARES AND THE LEHMAN BROTHERS MUNICIPAL BOND
INDEX

EXHIBIT A:

                                              DREYFUS
                                              PREMIER
                                               STATE
                                             MUNICIPAL
                                               BOND
                       LEHMAN                 FUND,
                       BROTHERS              VIRGINIA
                      MUNICIPAL               SERIES
    PERIOD               BOND                (CLASS A
                       INDEX *                SHARES)

    8/1/91             10,000                 9,548
   4/30/92             10,734                 10,375
   4/30/93             12,092                 11,965
   4/30/94             12,353                 12,097
   4/30/95             13,175                 12,869
   4/30/96             14,222                 13,810
   4/30/97             15,166                 14,918
   4/30/98             16,576                 16,417
   4/30/99             17,727                 17,398
   4/30/00             17,565                 16,763

* Source: Lipper Analytical Services, Inc.

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