August 2, 1994
GOVERNMENT SECURITIES SERIES DREYFUS MONEY MARKET INSTRUMENTS, INC.
SUPPLEMENT TO PROSPECTUS
DATED MARCH 31, 1994
I. PROPOSED MERGER OF THE DREYFUS CORPORATION
The Fund's adviser, The Dreyfus Corporation ("Dreyfus"), has entered
into an Agreement and Plan of Merger providing for the merger (the
"Merger") of Dreyfus with a subsidiary of Mellon Bank, N.A. ("Mellon").
Following the Merger, it is planned that Dreyfus will be a direct
subsidiary of Mellon. Closing of the Merger is subject to a number of
contingencies, including approvals of the stockholders of Dreyfus and of
Mellon. The Merger is expected to occur in late August 1994, but could
occur significantly later.
The Merger will result in the automatic termination of the Fund's
current investment advisory agreement with Dreyfus as required by the
Investment Company Act of 1940, as amended.
II. RESULTS OF FUND SHAREHOLDER VOTE
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY
CONTRARY INFORMATION CONTAINED IN THE SERIES' PROSPECTUS.
On August 2, 1994, the Fund's shareholders voted to approve a new
investment advisory agreement with Dreyfus, to become effective upon
consummation of the Merger. In addition, the shareholders of the Series
approved changes to certain of the Series' fundamental policies and
investment restrictions to permit the Series to (i) borrow money from
banks only for temporary or emergency (not leveraging) purposes, in an
amount up to 15% of the value of the Series' total assets, and (ii) invest
up to 10% of the value of its net assets in illiquid securities and make
such policy non-fundamental.
(CONTINUED ON REVERSE SIDE)
III. REVISED MANAGEMENT POLICIES
THE FOLLOWING INFORMATION SUPPLEMENTS AND SHOULD BE READ IN
CONJUNCTION WITH THE SECTION IN THE SERIES' PROSPECTUS ENTITLED
"DESCRIPTION OF THE FUND AND THE SERIES--MANAGEMENT POLICIES."
Borrowing Money--As a fundamental policy, the Series is permitted to
borrow from banks only for temporary or emergency (not leveraging)
purposes, in an amount up to 15% of the value of the Series' total assets
(including the amount borrowed) valued at the lesser of cost or market,
less liabilities (not including the amount borrowed) at the time the
borrowing is made. While borrowings exceed 5% of the Series' total
assets, the Series will not make any additional investments.
ILLIQUID SECURITIES __ The Series may invest up to 10% of the value of
its net assets in securities as to which a liquid trading market does not
exist, provided such investments are consistent with the Series'
investment objective. Such securities may include securities that are not
readily marketable, such as certain securities that are subject to legal or
contractual restrictions on resale and repurchase agreements providing
for settlement in more than seven days after notice. As to these
securities, the Series is subject to a risk that should the Series desire to
sell them when a ready buyer is not available at a price the Series deems
representative of their value, the value of the Series' net assets could be
adversely affected.
008/stkr080294
