June 7, 1999
DREYFUS GLOBAL BOND FUND, INC.
SUPPLEMENT TO PROSPECTUS
DATED APRIL 1, 1999
On May 25, 1999, the Fund' s Board approved, subject to shareholder
approval, a Sub-Investment Advisory Agreement ("Sub-Advisory Agreement") between
Dreyfus and Pareto Partners with respect to the Fund. If approved, the Fund's
management fee would remain the same and Dreyfus would compensate Pareto
Partners for its services from the management fee Dreyfus receives from the
Fund. Preliminary proxy materials have been filed with the Securities and
Exchange Commission. A shareholder meeting to vote on the Sub-Advisory Agreement
has been scheduled for September 17, 1999. Christine V. Downton, the Chief
Investment Officer of Pareto Partners and currently an employee of Dreyfus,
serves as the Fund's primary portfolio manager and would continue to serve in
this capacity if the proposal is approved.
098s0699
