December 1, 1995
PREMIER INSURED MUNICIPAL
BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 1, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTIONS OF THE FUND'S PROSPECTUS ENTITLED "HOW
TO BUY FUND SHARES," "SHAREHOLDER SERVICES" AND "HOW TO REDEEM FUND SHARES":
In order to accomplish a transaction using the TELETRANSFER
Privilege or the Telephone Exchange Privilege, please contact your
Financial Representative. If you do not have a Financial Representative,
you may telephone 1-800-645-6561 or, if you are calling from overseas,
516-794-5452. These numbers will be effective January 1, 1996.
PIMBFs120195
