Article: The Board of Directors of DNM approved a recommendation to its stockholders to merge DNM into Dreyfus New York Tax Exempt Bond Fund, Inc., subject to Board approval of Dreyfus New York Tax Exempt Bond Fund, Inc.

NEW YORK -- On Tuesday, September 21, 2004, the Board of Directors of Dreyfus New York Municipal Income, Inc. (AMEX Symbol: DNM), a closed-end investment company, approved a recommendation to its stockholders to merge the Fund into Dreyfus New York Tax Exempt Bond Fund, Inc., an open-end investment company. The proposal must be approved by the Board of Directors of Dreyfus New York Tax Exempt Bond Fund and the stockholders of Dreyfus New York Municipal Income.

The Fund's Board, in considering how to address the market discount at which the Fund's shares have traded, as required by the Fund's Prospectus, determined to recommend to stockholders that the Fund be ...

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