DAILY CASH ACCUMULATION FUND, INC.
Supplement dated February 10, 1995 to the
Prospectus dated April 22, 1994
The prospectus is amended by replacing the chart entitled "Annual
Fund Operating Expenses" and the paragraph below that chart on page 2 in
the section entitled "Fund Expenses" with a new chart and explanatory
paragraph as follows:
Annual Fund Operating Expenses
(as a percentage of average net assets)
Management fees (Restated) 0.36%
12b-1 (Service Plan) Fees 0.20%
Other Expenses 0.19%
--------
Total Fund Operating Expenses (Restated) 0.75%
The purpose of this table is to assist an investor in
understanding the various costs and expenses that an investor
in the Fund will bear directly (shareholder transaction
expenses) or indirectly (annual fund operating expenses).
"Other Expenses" includes such expenses as custodial and
transfer agent fees and audit, legal and other business
operating expenses, but excludes extraordinary expenses. The
"management fees" data has been restated to reflect the
termination, effective December 1, 1994, of a voluntary
assumption of expenses by the Manager, whereby the Manager
agreed to waive a portion of its fee to the extent necessary to
limit the fee annually to no more than 0.35% of the Fund's
average net assets. The actual management fee rate during the
Fund's prior fiscal year was 0.35% of average net assets, with
that expense assumption in effect. Effective December 1, 1995,
independently of the investment advisory agreement with the
Fund, the Manager has voluntarily agreed to waive a portion of
its management fee to the extent necessary to enable the Fund's
7-day yield to equal the 7-day yield of Centennial Money Market
Trust (another money market fund advised by the Manager). That
new expense assumption undertaking may be modified or terminated
by the Manager at any time. Had the new undertaking been in
effect during the Fund's prior fiscal year, it is estimated that
the management fee would not have differed from that in the
chart, as restated.
February 10, 1995
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DAILY CASH ACCUMULATION FUND, INC.
Supplement dated February 10, 1995 to the
Statement of Additional Information dated April 22, 1994
The section of the Statement of Additional Information entitled
"Investment Management Services" is amended by deleting the penultimate
sentence in the first paragraph on that page, carried over from page 9,
and replacing it with the following:
Independently of the Agreement with the Fund, the
Manager has voluntarily agreed to waive a portion of
the management fee otherwise payable to it by the
Fund to the extent necessary to enable the Fund's 7-
day yield (computed in accordance with procedures
specified pursuant to regulations adopted under the
Investment Company Act of 1940) to equal the 7-day
yield of Centennial Money Market Trust.
February 10, 1995
