  Dispersion relation for the CuO$_2$ hole is calculated basing on the {\it
generalized} $t$-$t^{\prime}$-$J$ model, recently derived from the three-band
one. Numerical ranges for all model parameters, $t/J=2.4..2.7$, $t^{\prime}/t =
0..-0.25$, $t^{\prime\prime}/t=0.1..0.15$, and three-site terms $2t_N\sim
t_S\sim J/4$, have been strongly justified previously. Physical reasons for
their values are also discussed. Self-consistent Born approximation is used for
the calculation of the hole dispersion. An excellent agreement between
calculated $E_{\bf k}$ and one obtained from the angle-resolved photoemission
experiments is found.
