Article: The Board of Dreyfus New York Tax Exempt Bond Fund Approves Proposed Merger with DNM, Subject to DNM Stockholder Approval.

NEW YORK -- On Monday, September 27, 2004, the Board of Directors of Dreyfus New York Tax Exempt Bond Fund, Inc., an open-end investment company, approved a proposal to merge Dreyfus New York Municipal Income, Inc. (AMEX symbol: DNM), a closed-end investment company, into the Fund. The Board of Directors of Dreyfus New York Municipal Income previously approved a recommendation of the merger proposal to its stockholders.

As previously announced, the proposal provides that Dreyfus New York Municipal Income exchange all of its assets at net asset value, subject to liabilities, for shares of Dreyfus New York Tax Exempt Bond Fund. Those shares then would be distributed ...

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