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SIGNATURE JULIAN SLUYTERS
TITLE SENIOR VICE PRESIDET
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000225732
<NAME> PAINEWEBBER CASHFUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1995
<PERIOD-END> SEP-30-1995
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<NET-CHANGE-FROM-OPS> 111341
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (111168)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 7944706
<NUMBER-OF-SHARES-REDEEMED> (7129679)
<SHARES-REINVESTED> 106555
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<PER-SHARE-NAV-BEGIN> 1.00
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</TABLE>
Exhibit 77 Q 1(a)
AMENDMENT TO BY-LAWS
PAINEWEBBER CASHFUND INC.
CERTIFICATE OF VICE PRESIDENT AND ASSISTANT SECRETARY
I, Joan L. Cohen, Vice President and Assistant Secretary of PaineWebber
Cashfund, Inc. ("Fund"), hereby certify that, at a duly convened meeting of the
Board of Directors of the Fund held on September 28, 1994, the Directors adopted
the following resolution:
RESOLVED, that the following language replace the second and third
sentences and revises the first sentence of Section 2.07 of the Fund's by-laws:
The right to vote by proxy shall exist only if the proxy is
authorized to act by (1) a written instrument, dated not more than
eleven months prior to the meeting and executed either by the
stockholder or by his or her duly authorized attorney in fact (who may
be so authorized by a writing or by any non-written means permitted by
the laws of the State of Maryland) or (2) such electronic, telephonic,
computerized or other alternative means as may be approved by a
resolution adopted by the Directors.
Dated: June 19, 1995
By: /s/ Joan L. Cohen
-------------------------
Joan L. Cohen
Vice President and Assistant Secretary
PaineWebber Cashfund, Inc.
New York, New York (ss)
Subscribed and sworn before me this 19th day of June, 1995.
/s/ Jennifer Farrell
- ---------------------
Notary Public
