April 1, 1996
DREYFUS BASIC MUNICIPAL FUND, INC.
Dreyfus BASIC Municipal Money Market Portfolio
Dreyfus BASIC Intermediate Municipal Bond Portfolio
Dreyfus BASIC Municipal Bond Portfolio
Supplement to Prospectus
Dated December 1, 1995
The following information supersedes any contrary information
contained in the sections of the Prospectus entitled "Fee Table" and
"Management of the Fund":
As to the Money Market Portfolio only, The Dreyfus Corporation has
agreed, until such time as it gives Money Market Portfolio Shareholders at
least 90 days notice to the contrary, that if in any fiscal year of the
Portfolio, certain expenses, including the management fee, exceed .45% of
the value of value of the Portfolio's average net assets for the fiscal
year, the Portfolio may deduct from the payment to be made to The Dreyfus
Corporation under the Management Agreement, or The Dreyfus Corporation
will bear, such excess expense.
The following information supplements and should be read in
conjunction with the section in the Fund's Prospectus entitled "Fund
Exchanges"; hereby retitled "Shareholder Services":
Dreyfus Dividend Sweep Privilege-- The Dreyfus Dividend Sweep Privilege
enables you to automatically invest dividends, or dividends and capital
gain distributions, if any, paid by the Fund in shares of another fund in
the Dreyfus Family of Funds of which you are a shareholder. Shares of the
other fund will be purchased at the then-current net asset value; however,
a sales load may be charged with respect to investments in shares of a
fund sold with a sales load. If you are investing in a fund that charges
a sales load, you may qualify for share prices which do not include the
sales load or which reflect a reduced sales load. If you are investing in
a fund that charges a contingent deferred sales charge, the shares
purchased will be subject to the contingent deferred sales charge, if any,
applicable to the purchased shares.
For more information concerning this privilege and the funds in the
Dreyfus Family of Funds eligible to participate in this privilege, or to
request a Dividend Options Form, please call toll free 1-800-645-6561.
You may cancel your participation in this privilege by mailing written
notification to The Dreyfus Family of Funds, P.O. Box 9671, Providence,
Rhode Island 02940-9671. To select a new fund after cancellation, you
must submit a new Dividend Options Form. Enrollment in or cancellation of
this privilege is effective three business days following receipt. This
privilege is available only for existing accounts and may not be used to
open new accounts. Minimum subsequent investments do not apply. The Fund
may modify or terminate this privilege at any time or charge a service
fee. No such fee currently is contemplated.
April 1, 1996
DREYFUS BASIC NEW JERSEY MUNICIPAL MONEY MARKET PORTFOLIO
(a series of Dreyfus BASIC Municipal Fund, Inc.)
Supplement to Prospectus
Dated December 1, 1995
The following information supplements and should be read in
conjunction with the section in the Fund's Prospectus entitled "Fund
Exchanges", hereby retitled "Shareholder Services":
Dreyfus Dividend Sweep Privilege-- The Dreyfus Dividend Sweep Privilege
enables you to automatically invest dividends, or dividends and capital
gain distributions, if any, paid by the Fund in shares of another fund in
the Dreyfus Family of Funds of which you are a shareholder. Shares of the
other fund will be purchased at the then-current net asset value; however,
a sales load may be charged with respect to investments in shares of a
fund sold with a sales load. If you are investing in a fund that charges
a sales load, you may qualify for share prices which do not include the
sales load or which reflect a reduced sales load. If you are investing in
a fund that charges a contingent deferred sales charge, the shares
purchased will be subject to the contingent deferred sales charge, if any,
applicable to the purchased shares.
For more information concerning this privilege and the funds in the
Dreyfus Family of Funds eligible to participate in this privilege, or to
request a Dividend Options Form, please call toll free 1-800-645-6561.
You may cancel your participation in this privilege by mailing written
notification to The Dreyfus Family of Funds, P.O. Box 9671, Providence,
Rhode Island 02940-9671. To select a new fund after cancellation, you
must submit a new Dividend Options Form. Enrollment in or cancellation of
this privilege is effective three business days following receipt. This
privilege is available only for existing accounts and may not be used to
open new accounts. Minimum subsequent investments do not apply. The Fund
may modify or terminate this privilege at any time or charge a service
fee. No such fee currently is contemplated.
