August 24, 1994
DREYFUS GLOBAL BOND FUND, INC.
SUPPLEMENT TO PROSPECTUS DATED AUGUST 15, 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.
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.
III. NEW RULE 12B-1 PLAN ARRANGEMENTS IMPLEMENTED
THE FOLLOWING INFORMATION SUPERSEDES AND REPLACES THE
INFORMATION IN THE FIRST PARAGRAPH CONTAINED IN THE SECTION IN THE
FUND'S PROSPECTUS ENTITLED "DISTRIBUTION PLAN AND SHAREHOLDER
PLAN __ DISTRIBUTION PLAN."
Under the Distribution Plan, adopted pursuant to Rule 12b-1 under the
Investment Company Act of 1940, the Fund (a) reimburses the Distributor
for payments to certain Service Agents for distributing the Fund's shares
and (b) pays The Dreyfus Corporation, Dreyfus Service Corporation and any
affiliate of either of them for advertising and marketing relating to the
Fund, at an aggregate annual rate of .25 of 1% of the value of the Fund's
average daily net assets. The Distributor may pay one or more Service
Agents in respect of distribution services. The Distributor determines the
amounts, if any, to be paid to Service Agents under the Distribution Plan
and the basis on which such payments are made. The fees payable under
the Distribution Plan are payable without regard to actual expenses
incurred.
(CONTINUED ON REVERSE SIDE)
IV. RESULTS OF FUND SHAREHOLDER VOTE
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY
CONTRARY INFORMATION CONTAINED IN THE FUND'S PROSPECTUS.
On August 2, 1994, the Fund's shareholders voted to approve (i) a new
investment advisory agreement with Dreyfus, (ii) a new Distribution Plan,
and (iii) a new sub-investment advisory agreement between Dreyfus and
M&G Investment Management Limited, each of which became effective
upon consummation of the merger between Dreyfus and a subsidiary of
Mellon.
098/stkr082494
