April 27, 2000
DREYFUS PREMIER STATE MUNICIPAL BOND FUND GEORGIA SERIES
SUPPLEMENT TO PROSPECTUS
DATED SEPTEMBER 1, 1999
At a meeting held on April 12, 2000, the Board of Trustees of Dreyfus Premier
State Municipal Bond Fund (the "Trust" ), on behalf of its Georgia Series,
approved, subject to shareholder approval, an Agreement and Plan of
Reorganization (the "Plan" ) with Dreyfus Premier Municipal Bond Fund (the
" Acquiring Fund" ), providing for the transfer of all of the Georgia Series'
assets, subject to its liabilities, in a tax free exchange for shares of the
Acquiring Fund (the "Exchange" ). The Acquiring Fund shares would then be
distributed to Georgia Series shareholders so that each shareholder would
receive for his or her Class A, Class B or Class C Georgia Series shares, Class
A, Class B or Class C shares of the Acquiring Fund equal in value to the
shareholder' s Georgia Series shares as of the date of the Exchange. No sales
charges will be imposed at the time of the Exchange.
The Acquiring Fund also is advised by The Dreyfus Corporation and has
substantially similar investment objectives and management policies as the
Georgia Series, except that the Acquiring Fund invests primarily in municipal
bonds that provide income exempt from Federal income tax, whereas the Georgia
Series invests primarily in municipal bonds that also provide income exempt from
Georgia State income tax for Georgia residents.
Shareholders of the Georgia Series who do not wish to participate in the
Exchange may redeem their shares prior to the Exchange. Any contingent deferred
sales charge applicable upon redemption of such shares will be waived and any
sales load deducted at the time of purchase of such shares on or after January
1, 1999 will be reimbursed to such shareholders by The Dreyfus Corporation, if
such shares are redeemed between June 1, 2000 and the date of the Exchange.
A special meeting of shareholders of the Georgia Series to consider the
Exchange is scheduled to be held on Tuesday, July 25, 2000. A Prospectus/Proxy
Statement with respect to the proposed Exchange will be mailed to shareholders
prior to the meeting. The Prospectus/Proxy Statement will include information
about the Exchange, the Georgia Series and Acquiring Fund.
If you have any questions, please contact your Service Agent.
PSTMBs0400
