May 4, 2004

      DREYFUS MASSACHUSETTS TAX

            EXEMPT BOND FUND

         Supplement to Prospectus

               dated October 1, 2003

   At a meeting of the Board of Trustees of

Dreyfus Massachusetts Tax Exempt Bond Fund

(the “Fund”) held on April 28, 2004, the Board

approved, subject to shareholder approval, an

Agreement and Plan of Reorganization (the

“Plan”) between the Fund and Dreyfus Premier

State Municipal Bond Fund — Massachusetts

Series (the “Acquiring Fund”). The Plan provides

for the transfer of the Fund’s assets to the

Acquiring Fund in a tax-free exchange for shares of

the Acquiring Fund and the assumption by the

Acquiring Fund of the Fund’s stated liabilities, the

distribution of shares of the Acquiring Fund to

Fund shareholders and the subsequent termina-

tion of the Fund (the “Reorganization”).

   It is currently contemplated that holders of

Fund shares as of July 1, 2004 (the “Record Date”)

will be asked to approve the Plan on behalf of the

Fund at a special meeting of shareholders to be

held on or about September 8, 2004. If the Plan is

approved, the Reorganization will become effective

on or about September 22, 2004.

   A Prospectus/Proxy Statement with respect to

the proposed Reorganization will be mailed prior

to the meeting to Fund shareholders as of the

Record Date.The Prospectus/Proxy Statement will

describe the Acquiring Fund and other matters.

Investors may obtain a free copy of the Prospectus

of the Acquiring Fund by calling 1-800-554-4611.

                     0267s0504