Supplement, dated April 15, 1997 to the prospectus, dated April 22, 1996
of
Seligman Cash Management Fund, Inc. (the "Fund")
The following supplements the information set forth in the Fund's
prospectus under "Purchase of Shares--Contingent Deferred Sales Load".
For the period from the date Seligman Global Horizon Funds (the "Offshore
Fund") commences offering its shares, until May 31, 1997, SFSI will reimburse
any CDSL charged upon the redemption of Class B or Class D shares of any
Seligman Mutual Fund by a non-U.S. resident alien investor who uses the
redemption proceeds to purchase Class B or Class A shares, respectively, of the
Offshore Fund through Merrill Lynch, Pierce, Fenner & Smith Incorporated, or any
of its affiliates (collectively, "Merrill Lynch"). Merrill Lynch will, in turn,
reimburse SFSI for the amount of CDSL so reimbursed by it over a period of four
years.
TXCM1S-4/97
