October 7, 1996
PREMIER INSURED MUNICIPAL
BOND FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 1, 1995
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "HOW TO
BUY SHARES."
Payments to open new accounts which are mailed should be sent to
Premier Insured Municipal Bond Fund, P.O. Box 6587, Providence, Rhode Island
02940-6587, together with your Account Application indicating which Class of
shares is being purchased. For subsequent investments, your Fund account number
should appear on the check and an investment slip should be enclosed and sent to
Premier Insured Municipal Bond Fund, P.O. Box 6587, Providence, Rhode Island
02940-6587.
The DDA numbers for payments transmitted by wire to The Bank of New
York for purchase of Class A, Class B or Class C shares in your name, are as
follows:
DDA# 8900088311 Premier Insured Municipal Bond Fund - National Series
DDA# 8900118172 Premier Insured Municipal Bond Fund - California Series
DDA# 8900088346 Premier Insured Municipal Bond Fund - Connecticut Series
DDA# 8900088362 Premier Insured Municipal Bond Fund - Florida Series
DDA# 8900088389 Premier Insured Municipal Bond Fund - New Jersey Series
DDA# 8900088400 Premier Insured Municipal Bond Fund - New York Series.
The wire must indicate the Class of shares being purchased and must
include the other required information with respect to wire payments set forth
under "How to Buy Shares" in the Fund's Prospectus.
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES ANY CONTRARY
INFORMATION CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED
"MANAGEMENT OF THE FUND".
Effective October 1, 1996, the primary portfolio manager for each of
the California, the Connecticut and the Florida Series is Stephen C. Kris, who
has held that position with respect to the California Series since August 1993
and with respect to the Connecticut Series and the Florida Series since October
1996, and has been an employee of The Dreyfus Corporation since 1988. The
primary portfolio manager for the National Series is Joseph P. Darcy, who has
held that position since October 1996 and has been employed by The Dreyfus
Corporation since May 1994. For more than five years prior to joining The
Dreyfus Corporation, Mr. Darcy was a Vice President and Portfolio Manager for
Merrill Lynch Asset Management. The primary portfolio manager for the New Jersey
Series is Samuel J. Weinstock, who has held that position since October 1996 and
has been employed by The Dreyfus Corporation since March 1987. The primary
portfolio manager for the New York Series is Richard J. Moynihan, who has held
that position since October 1996 and has been employed by The Dreyfus
Corporation since 1973.
