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[2] Annual Earnings Report for the Fiscal Year Ended September 30, 1999.


NEW YORK--(BUSINESS WIRE)--Nov. 17, 1999--

Dreyfus California California (kăl'ĭfôr`nyə), most populous state in the United States, located in the Far West; bordered by Oregon (N), Nevada and, across the Colorado River, Arizona (E), Mexico (S), and the Pacific Ocean (W).  Municipal Income, Inc. (Amex, Symbol: DCM DCM
abbr.
Distinguished Conduct Medal
) reported the following financial information for the fiscal year ended September September: see month.  30, 1999, compared with the results for the fiscal year ended September 30, 1998:

-0-

YEAR ENDED SEPTEMBER 30:            1999                1998

NET INVESTMENT INCOME
              TOTAL            $2,197,147.00         $2,341,879.00
              PER SHARE                $0.48                 $0.52

NET ASSET VALUE
             TOTAL            $41,031,051.00        $44,385,732.00
             PER SHARE                 $8.98                 $9.77
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Copyright 1999, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Nov 17, 1999
Words:83
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