September 17, 1999
DREYFUS GLOBAL BOND FUND, INC.
Supplement to Prospectus
Dated April 1, 1999
On September 17, 1999, the Fund's shareholders approved a Sub-
Investment Advisory Agreement (the "Sub-Advisory Agreement") between Dreyfus
and Pareto Partners ("Pareto") with respect to the Fund. The Fund's
management fee paid to Dreyfus will remain at .70% of the value of the
Fund's average daily net assets. Under the Sub-Advisory Agreement, Dreyfus
will compensate Pareto for its services as follows from the management fee
Dreyfus receives from the Fund:
Annual Fee as a Percentage of the
Average Daily Net Assets Fund's Average Daily Net Assets
0 to $ 100 million .22%
$100 million to $1 billion .20%
$1 billion to $1.5 billion .18%
$1.5 billion or more .16%
Under the Sub-Advisory Agreement and subject to Dreyfus' supervision,
Pareto will provide investment advisory assistance and day-to-day management
of the Fund's investments. Christine V. Downton, the Chief Investment
Officer of Pareto, will continue to serve as the Fund's primary portfolio
manager.
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