October 23, 1998
NEW YORK TAX EXEMPT FUNDS
- Dreyfus New York Tax Exempt Money Market Fund
- Dreyfus New York Tax Exempt Intermediate Bond Fund
- Dreyfus New York Tax Exempt Bond Fund, Inc.
Supplement to Combined Prospectus Dated October 1, 1998
The Information set forth below under the heading "Small Account Fee" applies to
DREYFUS NEW YORK TAX EXEMPT INTERMEDIATE BOND FUND and DREYFUS NEW YORK TAX
EXEMPT MONEY MARKET FUND Shareholders only.
Small Account Fee
In order to offset the relatively higher costs of servicing smaller
accounts, the Fund will charge regular accounts with balances below $2,000 an
annual fee of $12. The valuation of accounts and the deductions are expected to
take place during the last four months of each year. The fee will be waived for
any investor whose aggregate Dreyfus mutual fund investments total at least
$25,000, and will not apply to IRA accounts or to accounts participating in
automatic investment programs or opened through a securities dealer, bank or
other financial institution, or to other fiduciary accounts.
