DREYFUS INSTITUTIONAL MONEY MARKET FUND INC
497, 2001-01-02
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                                                    January 2, 2001


                     Dreyfus Institutional Money Market Fund

                                   Supplement
                                      dated
                                 January 2, 2001
                                     to the
                                   Prospectus
                                      dated
                                   May 1, 2000


      The Fund's  investments  include  certificates  of  deposit,  time
      deposits,  bankers'  acceptances and other  short-term  securities
      issued by U.S. banks and foreign branches of U.S. banks.











                                                    January 2, 2001




                     Dreyfus Institutional Money Market Fund

                                   Supplement
                                      dated
                                 January 2, 2001
                                     to the
                       Statement of Additional Information
                                      dated
                                   May 1, 2000


The Fund's investments include  certificates of deposit,  time deposits,
bankers'  acceptances  and other  short-term  securities  issued by U.S.
banks and foreign branches of U.S. banks.




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