August 24, 1994
DREYFUS FLORIDA INTERMEDIATE MUNICIPAL BOND FUND
Supplement to Prospectus dated April 11, 1994
The following anticipated changes have occurred:
I. CONSUMMATION OF THE MERGER
The following information supplements and supersedes any contrary
information contained in the Fund's Prospectus.
On this date, the previously announced merger between The
Dreyfus Corporation ("Dreyfus") and a subsidiary of Mellon Bank
Corporation ("Mellon") was completed, and as a result, Dreyfus now is a
wholly-owned subsidiary of Mellon Bank, N.A. instead of a publicly-owned
corporation.
Mellon is a publicly owned multibank holding company
incorporated under Pennsylvania law in 1971 and registered under the
Federal Bank Holding Company Act of 1956, as amended. Mellon provides a
comprehensive range of financial products and services in domestic and
selected international markets. Mellon is among the twenty-five largest
bank holding companies in the United States based on total assets.
Mellon's principal wholly-owned subsidiaries are Mellon Bank, N.A., Mellon
Bank (DE) National Association, Mellon Bank (MD), The Boston Company,
Inc., AFCO Credit Corporation and a number of companies known as Mellon
Financial Services Corporations. Through its subsidiaries, Mellon managed
more than $130 billion in assets as of July 31, 1994, including
approximately $6 billion in mutual fund assets. As of June 30, 1994,
various subsidiaries of Mellon provided non-investment services, such as
custodial or administration services, for approximately $747 billion in
assets, including approximately $97 billion in mutual fund assets.
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II. NEW DISTRIBUTOR
The following information supersedes and replaces any contrary
information contained in the Fund's Prospectus and specifically in the
section entitled "How to Buy Fund Shares."
The Fund's distributor is Premier Mutual Fund Services, Inc.
(the "Distributor"), located at One Exchange Place, Boston, Massachusetts
02109. The Distributor is a wholly-owned subsidiary of Institutional
Administration Services, Inc., a provider of mutual fund administration
services, the parent company of which is Boston Institutional Group, Inc.
Accordingly, references in the Prospectus to Dreyfus Service
Corporation as the Fund's distributor should be substituted with Premier
Mutual Fund Services, Inc.
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III. RESULTS OF FUND SHAREHOLDER VOTE
The following information supplements and supersedes any contrary
information contained in the Fund's Prospectus.
On August 3, 1994, the Fund's shareholders voted to (a) approve a new
investment advisory agreement with Dreyfus, which became effective upon
consummation of the merger between Dreyfus and a subsidiary of Mellon, and
(b) change certain of the Fund's fundamental policies and investment
restrictions to permit the Fund to (i) borrow money to the extent
permitted under the Investment Company Act of 1940, as amended, and (ii)
pledge its assets to the extent necessary to secure borrowings and make
such policy non-fundamental.
IV. REVISED MANAGEMENT POLICIES
The following information supplements and should be read in
conjunction with the section in the Fund's Prospectus entitled
"Description of the Fund-Management Policies".
Borrowing Money--As a fundamental policy, the Fund is permitted to
borrow to the extent permitted under the Investment Company Act of 1940.
However, the Fund currently intends to borrow money only for temporary or
emergency (not leveraging) purposes, in an amount up to 15% of the value
of the Fund's total assets (including the amount borrowed) valued at the
lesser of cost or market, less liabilities (not including the amount
borrowed) at the time the borrowing is made. While borrowings exceed 5%
of the Fund's total assets, the Fund will not make any additional
investments.
