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CASH EQUIVALENT FUND CASH ACCOUNT TRUST
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED NOVEMBER 15, 1994 DATED JULY 31, 1994
------------------------- -------------------------
TAX-EXEMPT CALIFORNIA TAX-EXEMPT NEW YORK
MONEY MARKET FUND MONEY MARKET FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 15, 1994 DATED JULY 1, 1994
------------------------- -------------------------
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INVESTORS CASH TRUST
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED JULY 1, 1994
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Stephen B. Timbers, a Trustee of the Funds, has been elected President (31)
of the Funds replacing Charles M. Kierscht. Mr. Timbers (120 S. LaSalle St.,
Chicago, Illinois) is Chairman, Chief Executive Officer, Chief Investment
Officer and a Director of Kemper Financial Services, Inc. ("KFS"); President,
Chief Operating Officer and a Director of Kemper Corporation; and a Director of
Kemper Financial Companies, Inc., ("KFC") and Kemper Securities, Inc. Mr.
Timbers also serves as a Director of Gillett Holdings, Inc. and LTV Corporation.
David B. Mathis has been elected a Trustee (28) of the Funds replacing
Charles M. Kierscht who resigned, except that the Trustee vacancy created by
such resignation for Cash Equivalent Fund and Tax-Exempt California Money Market
Fund has not been filled. Mr. Mathis (Kemper Center, Long Grove, Illinois) is
Chairman, Chief Executive Officer and a Director of Kemper Corporation; and a
Director of KFS and KFC. Mr. Mathis also serves as a Director of IMC Global Inc.
The number following each person's new title is the number of investment
companies managed by KFS for which he holds similar positions.
March 15, 1995
CEF-CPG ST4 (LOGO)printed on recycled paper
