October 10, 1996
DREYFUS CALIFORNIA
INTERMEDIATE MUNICIPAL BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED AUGUST 1, 1996
THE FOLLOWING INFORMATION SUPERSEDES THE INFORMATION CONTAINED IN THE
SECTION OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF THE FUND":
The Fund's primary portfolio manager is Monica Wieboldt. She has held
that position since October 1, 1996 and has been employed by The Dreyfus
Corporation since 1983.
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE FOLLOWING INDICATED SECTIONS OF THE FUND'S PROSPECTUS:
ANNUAL FUND OPERATING EXPENSES
SHAREHOLDER TRANSACTION EXPENSES
Redemption Fee
(as a percentage of amount redeemed).... 1.00%
The information contained in the Fund's Annual Operating Expenses and
the Example do not reflect any redemption fee retained by the Fund.
HOW TO REDEEM SHARES
Effective November 4, 1996, the Fund will deduct a redemption fee
equal to 1% of the net asset value of Fund shares redeemed (including
redemptions through the use of the Fund Exchanges service) less than fifteen
days following the issuance of such shares. The fee will be retained by the
Fund and used primarily to offset the transaction costs that short-term
trading imposes on the Fund and its shareholders. No redemption fee will be
charged upon the redemption of shares through the Fund's Check Redemption
Privilege, Automatic Withdrawal Plan or Dreyfus Auto-Exchange Privilege, or
shares redeemed from omnibus accounts. Furthermore, no redemption fee will be
charged upon the redemption of Fund
(CONTINUED ON REVERSE SIDE)
shares acquired through reinvestment of dividends or distributions, nor will
the redemption fee be used to pay fees imposed for various Fund services or
shares. The redemption fee may be waived, modified or discontinued at any
time, or from time to time.
902s101096
October 10, 1996
DREYFUS CALIFORNIA INTERMEDIATE MUNICIPAL BOND FUND
Supplement to Statement of Additional Information
Dated August 1, 1996
The following information supplements the information contained in the
section of the Fund's Statement of Additional Information entitled
"Redemption of Shares":
Redemption Fee. Effective November 4, 1996, the Fund will deduct a
redemption fee equal to 1% of the net asset value of Fund shares redeemed
(including redemptions through the use of the Fund Exchanges service) less
than fifteen days following the issuance of such shares. The redemption fee
will be deducted from the redemption proceeds and retained by the Fund.
No redemption fee will be charged upon the redemption of shares through
the Fund's Check Redemption Privilege, Automatic Withdrawal Plan or Dreyfus
Auto-Exchange Privilege, or shares redeemed from omnibus accounts.
Furthermore, no redemption fee will be charged upon redemption of Fund shares
acquired through reinvestment of dividends or distributions, nor will the
redemption fee be used to pay fees imposed for various Fund services or
shares. This redemption fee may be waived, modified or discontinued at any
time, or from time to time.
