CASH INCOME TRUST
497, 1998-10-15
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<PAGE>   1

                                                October 15, 1998 Supplement to
                                                Prospectus Dated May 1, 1998

MONEY MARKET PORTFOLIO  

The Money Market Portfolio prospectus is amended to include the following
Interagency Legend:

Mutual fund shares are not deposits or obligations of, or guaranteed or
endorsed by, any bank, and are not federally insured by the Federal Deposit
Insurance Corporation, the Federal Reserve Board, or any other agency.  Mutual
fund shares involve certain investment risks, including possible loss of
principal.  The net asset value of funds of this type will fluctuate from time
to time.

L-21251C                                                                10/98


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