Securities Act File No. 2-77207
Investment Company Act File No. 811-3456
==========================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 /x/
Pre-Effective Amendment No. __ / /
Post-Effective Amendment No. 20 /x/
and
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 /x/
Amendment No. 20 /x/
(Check appropriate box or boxes)
GENERAL GOVERNMENT SECURITIES MONEY MARKET FUND, INC.
(Exact Name of Registrant as Specified in Charter)
c/o The Dreyfus Corporation
200 Park Avenue, New York, New York 10166
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (212) 922-6000
Mark N. Jacobs, Esq.
200 Park Avenue
New York, New York 10166
(Name and Address of Agent for Service)
copy to:
Lewis G. Cole, Esq.
Stroock & Stroock & Lavan
7 Hanover Square
New York, New York 10004-2696
It is proposed that this filing will become effective (check
appropriate box)
x immediately upon filing pursuant to paragraph (b)
on (date) pursuant to paragraph (b)
____ 60 days after filing pursuant to paragraph (a)(i)
on (date) pursuant to paragraph (a)(i)
75 days after filing pursuant to paragraph (a)(ii)
on (date) pursuant to paragraph (a)(ii) of Rule 485.
If appropriate, check the following box:
this post-effective amendment designates a new effective date
for a previously filed post-effective amendment.
Registrant has registered an indefinite number of its shares of its common
stock under the Securities Act of 1933 pursuant to Section 24(f) of the
Investment Company Act of 1940. Registrant's Rule 24f-2 Notice for its
fiscal year ended January 31, 1996 is expected to be filed on or about
March 29, 1996.
GENERAL GOVERNMENT SECURITIES MONEY MARKET FUND, INC.
PART C. OTHER INFORMATION
Item 24. Financial Statements and Exhibits
(a) Financial Statements:
Included in Part A of the Registration Statement
filed March 31, 1995:
Condensed Financial Information for the
ten years ended January 31, 1995.
Included in Part B of the Registration Statement filed
March 31, 1995:
Statement of Investments -- January 31, 1995.
Statement of Assets and Liabilities -- January 31, 1995.
Statement of Operations -- for the year ended
January 31, 1995.
Statement of Changes in Net Assets -- for each of the
two years ended January 31, 1995.
Notes to Financial Statements.
Report of Ernst & Young LLP, Independent Auditors,
dated March 6, 1995.
All schedules and other financial statement information, for which
provision is made in the applicable accounting regulations of the
Securities and Exchange Commission, are either omitted because they are
not required under the related instructions, they are inapplicable, or
the required information is presented in the financial statements or
notes thereto which are included in Part B of the Registration
Statement.
(b) Exhibits:
(1) Articles of Incorporation and Articles of Amendment
are incorporated by reference to Exhibits (1) (a) and
(1)(b), respectively, of Post-Effective Amendment
No. 18 to the Registration Statement on Form N-1A,
filed March 31, 1995.
(2) By-Laws, as amended, are incorporated by reference to
Exhibit (2) of Post-Effective Amendment No. 18 to the
Registration Statement on Form N-1A, filed March 31,
1995.
(5) Management Agreement is incorporated by reference to
Exhibit (5) of Post-Effective Amendment No. 18 to the
Registration Statement on Form N-1A, filed March 31,
1995.
(6)(a) Distribution Agreement is incorporated by reference
to Exhibit (6)(a) of Post-Effective Amendment No. 18
to the Registration Statement on Form N-1A, filed
March 31, 1995.
(6)(b) Form of Service Agreement is incorporated by
reference to Exhibit (6)(b) of Post-Effective
Amendment No. 18 to the Registration Statement on
Form N-1A, filed March 31, 1995.
(8) Amended and Restated Custody Agreement is
incorporated by reference to Exhibit (8)(a) of Post-
Effective Amendment No. 18 to the Registration
Statement on Form N-1A, filed on March 31, 1995.
(9)(a) Shareholder Services Plan (Class A) is incorporated
by reference to Exhibit (9)(a) of Post-Effective
Amendment No. 17 to the Registration Statement on
Form N-1A, filed on January 30, 1995.
(9)(b) Shareholder Services Plan (Class B) is incorporated
by reference to Exhibit (9)(b) of Post-Effective
Amendment No. 17 to the Registration Statement on
Form N-1A, filed on January 30, 1995.
(10) Opinion, including consent, of Stroock & Stroock &
Lavan is incorporated by reference to Exhibit (10) of
Post-Effective Amendment No. 18 to the Registration
Statement on Form N-1A, filed March 31, 1995.
(15)(a) Service Plan (Class A) is incorporated by reference
to Exhibit (15)(a) of Post-Effective Amendment No. 17
to the Registration Statement on Form N-1A, filed
January 30, 1995.
(15)(b) Distribution Plan (Class B) is incorporated by
reference to Exhibit (15)(b) of Post-Effective
Amendment No. 17 to the Registration Statement on
Form N-1A, filed on January 30, 1995.
(16) Schedules of Computation of Performance Data are
incorporated by reference to Exhibit (16) of Post-
Effective Amendment No. 16 to the Registration
Statement on Form N-1A, filed on May 18, 1994.
(18) Rule 18f-3 Plan.
Other Exhibits:
(a) Powers of Attorney are incorporated by reference to
Other Exhibits of Post-Effective Amendment No. 17 to
the Registration Statement on Form N-1A, filed on
January 30, 1995.
(b) Assistant Secretary's Certificate is incorporated by
reference to Other Exhibits of Post-Effective
Amendment No. 17 to the Registration Statement on
Form N-1A, filed on January 30, 1995.
Item 25. Persons Controlled by or Under Common Control with Registrant
Not applicable.
Item 26. Number of Holders of Securities
(2)
Number of Record
(1) Holders as of
Title of Class February 16, 1996
Common Stock, par value
$.01 per share
Class A 3,829
Class B 8
Item 27. Indemnification
The Statement as to the general effect of any contract,
arrangements or statute under which a director, officer, underwriter or
affiliated person of the Registrant is insured or indemnified in any
manner against any liability which may be incurred in such capacity,
other than insurance provided by any director, officer, underwriter or
affiliated person for its own protection, is incorporated by reference
to Item 27 of Part C of Post-Effective Amendment No. 18 to the
Registration Statement on Form N-1A, filed on March 31, 1995.
Reference also is made to the Distribution Agreement filed as
Exhibit 6(a) to Post-Effective Amendment No. 18 to the Registration
Statement on Form N-1A.
Item 28. Business and Other Connections of Investment Adviser
The Dreyfus Corporation ("Dreyfus") and subsidiary companies
comprise a financial service organization whose business consists
primarily of providing investment management services as the investment
adviser, manager and distributor for sponsored investment companies
registered under the Investment Company Act of 1940 and as an
investment adviser to institutional and individual accounts. Dreyfus
also serves as sub-investment adviser to and/or administrator of other
investment companies. Dreyfus Service Corporation, a wholly-owned
subsidiary of Dreyfus, is a registered broker-dealer. Dreyfus
Management, Inc., another wholly-owned subsidiary, provides investment
management services to various pension plans, institutions and
individuals.
Officers and Directors of Dreyfus
Name and Position with
Dreyfus Other Businesses
MANDELL L. BERMAN Real estate consultant and private
Director investor
29100 Northwestern Highway--Suite 370
Southfield, Michigan 48034;
Past Chairman of the Board of Trustees of
Skillman Foundation;
Member of the Board of Vintners
International
FRANK V. CAHOUET Chairman of the Board, President and
Director Chief Executive Officer:
Mellon Bank Corporation****;
Mellon Bank, N.A.****;
Director:
Avery Dennison Corporation
150 North Orange Grove Boulevard
Pasadena, California 91103;
Saint-Gobain Corporation
750 East Swedesford Road
Valley Forge, Pennsylvania 19482;
Teledyne, Inc.
1901 Avenue of the Stars
Los Angeles, California 90067
ALVIN E. FRIEDMAN Senior Adviser to Dillon, Read & Co. Inc.
Director 535 Madison Avenue
New York, New York 10022;
Director and member of the Executive
Committee of Avnet, Inc.**
HOWARD STEIN Chairman of the Board:
Chairman of the Board Dreyfus Acquisition Corporation*;
and Chief Executive The Dreyfus Consumer Credit
Officer Corporation*;
Dreyfus Management, Inc.*;
Dreyfus Service Corporation*;
Chairman of the Board and Chief Executive
Officer:
Major Trading Corporation*;
Director:
Avnet, Inc.**;
Dreyfus America Fund++++;
The Dreyfus Fund International
Limited+++++;
Dreyfus Partnership Management, Inc.*;
Dreyfus Personal Management, Inc.*;
Dreyfus Precious Metals, Inc.*;
Dreyfus Service Organization, Inc.***;
Seven Six Seven Agency, Inc.*;
World Balanced Fund+++;
Trustee:
Corporate Property Investors
New York, New York
W. KEITH SMITH Chairman and Chief Executive Officer:
Vice Chairman of the Board The Boston Company*****;
Vice Chairman of the Board:
Mellon Bank Corporation****;
Mellon Bank, N.A.****;
Director:
Dentsply International, Inc.
570 West College Avenue
York, Pennsylvania 17405
CHRISTOPHER M. CONDRON Vice Chairman:
President, Chief Mellon Bank Corporation****;
Operating Officer and The Boston Company*****;
Director Deputy Director:
Mellon Trust****;
Chief Executive Officer:
The Boston Company Asset Management,
Inc.*****;
President:
Boston Safe Deposit and Trust
Company*****
STEPHEN E. CANTER Former Chairman and Chief Executive
Vice Chairman, Chief Officer:
Investment Officer and Kleinwort Benson Investment Management
a Director Americas Inc.*
LAWRENCE S. KASH Chairman, President and Chief
Vice Chairman--Distribution Executive Officer:
and a Director The Boston Company Advisors, Inc.
53 State Street
Exchange Place
Boston, Massachusetts 02109;
Executive Vice President and Director:
Dreyfus Service Organization, Inc.***;
Director:
The Dreyfus Consumer Credit
Corporation*;
The Dreyfus Trust Company++;
Dreyfus Service Corporation*;
President:
The Boston Company*****;
Laurel Capital Advisors****;
Boston Group Holdings, Inc.;
Executive Vice President:
Mellon Bank, N.A.****;
Boston Safe Deposit & Trust*****;
LAWRENCE M. GREENE Director:
Director Dreyfus America Fund++++
JULIAN M. SMERLING None
Director
PHILIP L. TOIA Chairman of the Board and Trust
Vice Chairman-- Investment Officer:
Operations and The Dreyfus Trust Company++;
Administration Chairman of the Board and Chief
and a Director Executive Officer:
Major Trading Corporation*;
Director:
The Dreyfus Security Savings Bank,
F.S.B.+;
Dreyfus Service Corporation*;
Seven Six Seven Agency, Inc.*;
President and Director:
Dreyfus Acquisition Corporation*;
The Dreyfus Consumer Credit
Corporation*;
Dreyfus-Lincoln, Inc.*;
Dreyfus Management, Inc.*;
Dreyfus Personal Management, Inc.*;
Dreyfus Partnership Management, Inc.+;
Dreyfus Service Organization***;
The Truepenny Corporation*;
Formerly, Senior Vice President:
The Chase Manhattan Bank, N.A. and
The Chase Manhattan Capital Markets
Corporation
One Chase Manhattan Plaza
New York, New York 10081
WILLIAM T. SANDALLS, JR. None
Senior Vice President and
Chief Financial Officer
BARBARA E. CASEY President:
Vice President-- Dreyfus Retirement Services Division;
Dreyfus Retirement Executive Vice President:
Services Boston Safe Deposit & Trust Co.*****;
Dreyfus Service Corporation*
DIANE M. COFFEY None
Vice President--
Corporate Communications
ELIE M. GENADRY President:
Vice President-- Institutional Services Division of
Institutional Sales Dreyfus Service Corporation*;
Broker-Dealer Division of Dreyfus
Service Corporation*;
Group Retirement Plans Division of
Dreyfus Service Corporation*;
Executive Vice President:
Dreyfus Service Corporation*;
Dreyfus Service Organization, Inc.***;
Vice President:
The Dreyfus Trust Company++
DANIEL C. MACLEAN Director, Vice President and Secretary:
Vice President and Dreyfus Precious Metals, Inc.*;
General Counsel Director and Vice President:
The Dreyfus Consumer Credit
Corporation*;
Director and Secretary:
Dreyfus Partnership Management, Inc.*;
Major Trading Corporation*;
The Truepenny Corporation+;
Director:
The Dreyfus Trust Company++;
Secretary:
Dreyfus Service Corporation*;
Dreyfus Service Organization, Inc.***;
Seven Six Seven Agency, Inc.*
JEFFREY N. NACHMAN None
Vice President--Mutual
Fund Accounting
WILLIAM F. GLAVIN, JR. Senior Vice President:
Vice President--Corporate The Boston Company Advisors, Inc.
Development 53 State Street
Exchange Place
Boston, Massachusetts 02109
ANDREW S. WASSER Vice President:
Vice President--Information Mellon Bank Corporation****
Services
MAURICE BENDRIHEM Treasurer:
Controller Dreyfus Partnership Management,
Inc.***;
Dreyfus Service Organization, Inc.***;
Seven Six Seven Agency, Inc.*;
The Truepenny Corporation*;
Controller:
Dreyfus Acquisition Corporation*;
The Dreyfus Trust Company++;
The Dreyfus Consumer Credit
Corporation*;
Assistant Treasurer:
Dreyfus Precious Metals*;
Formerly, Vice President-Financial
Planning, Administration and Tax:
Showtime/The Movie Channel, Inc.
1633 Broadway
New York, New York 10019
MARK N. JACOBS Vice President, Secretary and Director:
Vice President-- Lion Management, Inc.*;
Legal and Secretary Secretary:
The Dreyfus Consumer Credit
Corporation*;
Dreyfus Management, Inc.*;
Assistant Secretary:
Dreyfus Service Organization, Inc.***;
Major Trading Corporation*;
The Truepenny Corporation*
ELVIRA OSLAPAS Assistant Secretary:
Assistant Secretary Dreyfus Service Corporation*;
Dreyfus Management, Inc.*;
Dreyfus Acquisition Corporation, Inc.*;
The Truepenny Corporation*
* The address of the business so indicated is 200 Park Avenue,
New York, New York 10166.
** The address of the business so indicated is 80 Cutter Mill
Road, Great Neck, New York 11021.
*** The address of the business so indicated is 131 Second
Street, Lewes, Delaware 19958.
**** The address of the business so indicated is One Mellon Bank
Center, Pittsburgh, Pennsylvania 15258.
***** The address of the business so indicated is One Boston Place,
Boston, Massachusetts 02108.
+ The address of the business so indicated is Atrium Building,
80 Route 4 East, Paramus, New Jersey 07652.
++ The address of the business so indicated is 144 Glenn Curtiss
Boulevard, Uniondale, New York 11556-0144.
+++ The address of the business so indicated is One Rockefeller
Plaza, New York, New York 10020.
++++ The address of the business so indicated is 2 Boulevard
Royal, Luxembourg.
+++++ The address of the business so indicated is Nassau, Bahamas
Islands.
Item 29. Principal Underwriters
(a) Other investment companies for which Registrant's prin-
cipal underwriter (exclusive distributor) acts as
principal underwriter or exclusive distributor:
1. Comstock Partners Strategy Fund, Inc.
2. Dreyfus A Bonds Plus, Inc.
3. Dreyfus Appreciation Fund, Inc.
4. Dreyfus Asset Allocation Fund, Inc.
5. Dreyfus Balanced Fund, Inc.
6. Dreyfus BASIC GNMA Fund
7. Dreyfus BASIC Money Market Fund, Inc.
8. Dreyfus BASIC Municipal Fund, Inc.
9. Dreyfus BASIC U.S. Government Money Market Fund
10. Dreyfus California Intermediate Municipal Bond Fund
11. Dreyfus California Tax Exempt Bond Fund, Inc.
12. Dreyfus California Tax Exempt Money Market Fund
13. Dreyfus Capital Value Fund (A Premier Fund)
14. Dreyfus Cash Management
15. Dreyfus Cash Management Plus, Inc.
16. Dreyfus Connecticut Intermediate Municipal Bond Fund
17. Dreyfus Connecticut Municipal Money Market Fund, Inc.
18. Dreyfus Edison Electric Index Fund, Inc.
19. Dreyfus Florida Intermediate Municipal Bond Fund
20. Dreyfus Florida Municipal Money Market Fund
21. The Dreyfus Fund Incorporated
22. Dreyfus Global Bond Fund, Inc.
23. Dreyfus Global Growth, L.P. (A Strategic Fund)
24. Dreyfus GNMA Fund, Inc.
25. Dreyfus Government Cash Management
26. Dreyfus Growth and Income Fund, Inc.
27. Dreyfus Growth and Value Fund, Inc.
28. Dreyfus Growth Opportunity Fund, Inc.
29. Dreyfus Institutional Money Market Fund
30. Dreyfus Institutional Short Term Treasury Fund
31. Dreyfus Insured Municipal Bond Fund, Inc.
32. Dreyfus Intermediate Municipal Bond Fund, Inc.
33. Dreyfus International Equity Fund, Inc.
34. Dreyfus International Recovery Fund, Inc.
35. The Dreyfus/Laurel Funds, Inc.
36. The Dreyfus/Laurel Funds Trust
37. The Dreyfus/Laurel Tax-Free Municipal Funds
38. The Dreyfus/Laurel Investment Series
39. Dreyfus Life and Annuity Index Fund, Inc.
40. Dreyfus LifeTime Portfolios, Inc.
41. Dreyfus Liquid Assets, Inc.
42. Dreyfus Massachusetts Intermediate Municipal Bond Fund
43. Dreyfus Massachusetts Municipal Money Market Fund
44. Dreyfus Massachusetts Tax Exempt Bond Fund
45. Dreyfus Michigan Municipal Money Market Fund, Inc.
46. Dreyfus Money Market Instruments, Inc.
47. Dreyfus Municipal Bond Fund, Inc.
48. Dreyfus Municipal Cash Management Plus
49. Dreyfus Municipal Money Market Fund, Inc.
50. Dreyfus New Jersey Intermediate Municipal Bond Fund
51. Dreyfus New Jersey Municipal Bond Fund, Inc.
52. Dreyfus New Jersey Municipal Money Market Fund, Inc.
53. Dreyfus New Leaders Fund, Inc.
54. Dreyfus New York Insured Tax Exempt Bond Fund
55. Dreyfus New York Municipal Cash Management
56. Dreyfus New York Tax Exempt Bond Fund, Inc.
57. Dreyfus New York Tax Exempt Intermediate Bond Fund
58. Dreyfus New York Tax Exempt Money Market Fund
59. Dreyfus Ohio Municipal Money Market Fund, Inc.
60. Dreyfus 100% U.S. Treasury Intermediate Term Fund
61. Dreyfus 100% U.S. Treasury Long Term Fund
62. Dreyfus 100% U.S. Treasury Money Market Fund
63. Dreyfus 100% U.S. Treasury Short Term Fund
64. Dreyfus Pennsylvania Intermediate Municipal
Bond Fund
65. Dreyfus Pennsylvania Municipal Money Market Fund
66. Dreyfus Short-Intermediate Government Fund
67. Dreyfus Short-Intermediate Municipal Bond Fund
68. Dreyfus Short-Term Income Fund, Inc.
69. The Dreyfus Socially Responsible Growth Fund, Inc.
70. Dreyfus Strategic Growth, L.P.
71. Dreyfus Strategic Income
72. Dreyfus Strategic Investing
73. Dreyfus Tax Exempt Cash Management
74. The Dreyfus Third Century Fund, Inc.
75. Dreyfus Treasury Cash Management
76. Dreyfus Treasury Prime Cash Management
77. Dreyfus Variable Investment Fund
78. Dreyfus-Wilshire Target Funds, Inc.
79. Dreyfus Worldwide Dollar Money Market Fund, Inc.
80. General California Municipal Bond Fund, Inc.
81. General California Municipal Money Market Fund
82. General Government Securities Money Market
Fund, Inc.
83. General Money Market Fund, Inc.
84. General Municipal Bond Fund, Inc.
85. General Municipal Money Market Fund, Inc.
86. General New York Municipal Bond Fund, Inc.
87. General New York Municipal Money Market Fund
88. Pacifica Funds Trust--Pacific American Money Market
Portfolio, Pacific American U.S. Treasury Portfolio
89. Peoples Index Fund, Inc.
90. Peoples S&P MidCap Index Fund, Inc.
91. Premier California Municipal Bond Fund
92. Premier Equity Funds, Inc.
93. Premier Global Investing, Inc.
94. Premier GNMA Fund
95. Premier Growth Fund, Inc.
96. Premier Insured Municipal Bond Fund
97. Premier Municipal Bond Fund
98. Premier New York Municipal Bond Fund
99. Premier State Municipal Bond Fund
(b)
Name and principal
business address Positions and offices with Positions and
Premier Mutual offices with
Fund Services, Inc. Registrant
Marie E. Connolly+ Director, President, Chief President and
Executive Officer and Treasurer
Compliance Officer
Joseph F. Tower, III+ Senior Vice President, Assistant
Treasurer and Chief Treasurer
Financial Officer
John E. Pelletier+ Senior Vice President, Vice President
General Counsel, Secretary and Secretary
and Clerk
Frederick C. Dey++ Senior Vice President Vice President
and Assistant
Treasurer
Eric B. Fischman++ Vice President and Vice President
Associate General Counsel and Assistant
Secretary
Paul Prescott+ Vice President None
Elizabeth Bachman+ Assistant Vice President Vice President
and Assistant
Secretary
Mary Nelson+ Assistant Treasurer None
John J. Pyburn++ Assistant Treasurer Assistant
Treasurer
Jean M. O'Leary+ Assistant Secretary and None
Assistant Clerk
John W. Gomez+ Director None
William J. Nutt+ Director None
+ Principal business address is One Exchange Place, Boston, Massa-
chusetts 02109.
++ Principal business address is 200 Park Avenue, New York, New York
10166.
Item 30. Location of Accounts and Records
1. First Data Investors Services Group, Inc.,
a subsidiary of First Data Corporation
P.O. Box 9671
Providence, Rhode Island 02940-9671
2. The Bank of New York
90 Washington Street
New York, New York 10286
3. Dreyfus Transfer, Inc.
P.O. Box 9671
Providence, Rhode Island 02940-9671
4. The Dreyfus Corporation
200 Park Avenue
New York, New York 10166
Item 31. Management Services
Not Applicable.
Item 32. Undertakings
Registrant hereby undertakes to call a meeting of
shareholders for the purpose of voting upon the question of removal of
a director or directors when requested in writing to do so by the
holders of at least 10% of the Registrant's outstanding shares of
common stock and in connection with such meeting to comply with the
provisions of Section 16(c) of the Investment Company Act of 1940
relating to shareholder communications.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933
and the Investment Company Act of 1940, the Registrant certifies that
it meets all of the requirements for effectiveness of this Amendment to
the Registration Statement pursuant to Rule 485(b) under the Securities
Act of 1933 and has duly caused this Amendment to the Registration
Statement to be signed on its behalf by the undersigned, thereunto duly
authorized, in the City of New York, and State of New York, on the 20th
day of February, 1996.
GENERAL GOVERNMENT SECURITIES MONEY MARKET
FUND, INC.
(Registrant)
By:/s/Marie E. Connolly*
Marie E. Connolly, President
Pursuant to the requirements of the Securities Act of 1933,
this Amendment to the Registration Statement has been signed below by
the following persons in the capacities and on the dates indicated.
/s/Marie E. Connolly* President and Treasurer February 20, 1996
Marie E. Connolly (Principal Executive
and Financial Officer)
/s/Joseph F. Tower, III* Assistant Treasurer February 20, 1996
Joseph F. Tower, III (Principal Accounting
Officer)
/s/Clifford L. Alexander, Jr.* Director February 20, 1996
Clifford L. Alexander, Jr.*
/s/Peggy C. Davis* Director February 20, 1996
Peggy C. Davis
/s/Joseph S. DiMartino Director February 20, 1996
Joseph S. DiMartino
/s/Ernest Kakfa* Director February 20, 1996
Ernest Kakfa*
/s/Saul B. Klaman* Director February 20, 1996
Saul B. Klaman
/s/Nathan Leventhal* Director February 20, 1996
Nathan Leventhal
/s/Eric B. Fischman
* By: Eric B. Fischman,
Attorney-in-Fact
GENERAL GOVERNMENT SECURITIES MONEY MARKET FUND, INC.
Post-Effective Amendment No. 20 to
Registration Statement on Form N-1A under
the Securities Act of 1933 and
the Investment Company Act of 1940
EXHIBITS
INDEX TO EXHIBITS
Page
(18) Rule 18f-3 Plan. . . . . . . . . . . . . . .
<PAGE>
THE DREYFUS FAMILY OF FUNDS
(General Family of Funds)
Rule 18f-3 Plan
Rule 18f-3 under the Investment Company Act of 1940,
as amended (the "1940 Act"), requires that the Board of an
investment company desiring to offer multiple classes pursuant
to said Rule adopt a plan setting forth the separate arrangement
and expense allocation of each class, and any related conversion
features or exchange privileges.
The Board, including a majority of the non-interested
Board members, of each of the investment companies, or series
thereof, listed on Schedule A attached hereto (each, a "Fund")
which desires to offer multiple classes has determined that the
following plan is in the best interests of each class
individually and the Fund as a whole:
1. Class Designation: Fund shares shall be divided
into Class A and Class B.
2. Differences in Services: The services offered to
shareholders of each Class shall be substantially the same,
except for certain services provided to each Class pursuant to
separate plans adopted by the Fund's Board.
3. Differences in Distribution Arrangements: Shares
of each Class shall be offered at net asset value. Neither
class shall be subject to any front-end or contingent deferred
sales charges.
Class A shares of each Fund listed on Schedule B
attached hereto shall be subject to annual payments for
distributing Class A shares and servicing shareholder accounts
at the rate of up to .20% of the value of the average daily net
assets of Class A pursuant to a Service Plan adopted in
accordance with Rule 12b-1 under the 1940 Act.
Class B shares of each Fund shall be subject to annual
payments for distributing Class B shares at the rate of up to
.20% of the value of the average daily net assets of Class B
pursuant to a Distribution Plan adopted in accordance with
Rule 12b-1 under the 1940 Act. Class B shares shall be charged
directly for sub-accounting services at the annual rate of .05%
of the value of the average daily net assets of Class B.
Each Class of shares shall be subject to a separate
Shareholder Services Plan. Under the respective Shareholder
Services Plan, Class A shares shall be subject to payments in an
amount not to exceed an annual rate of .25% of the value of the
average daily net assets of Class A and Class B shares shall be
subject to an annual service fee at the rate of .25% of the
value of the average daily net assets of Class B.
4. Expense Allocation. The following expenses
shall be allocated, to the extent practicable, on a Class-by-
Class basis: (a) fees under the Service Plan, if any,
Distribution Plan and Shareholder Services Plans; (b) printing
and postage expenses related to preparing and distributing
materials, such as shareholder reports, prospectuses and
proxies, to current shareholders of a specific Class;
(c) Securities and Exchange Commission and Blue Sky registration
fees incurred by a specific Class; (d) the expense of
administrative personnel and services as required to support the
shareholders of a specific Class; (e) litigation or other legal
expenses relating solely to a specific Class; (f) transfer agent
fees identified by the Fund's transfer agent as being
attributable to a specific Class; and (g) Board members' fees
incurred as a result of issues relating to a specific Class.
5. Exchange Privileges. Shares of a Class shall be
exchangeable only for shares of certain other investment
companies specified from time to time.
Dated: July 19, 1995
SCHEDULE A
General California Municipal Money Market Fund
General Government Securities Money Market Fund, Inc.
General Money Market Fund, Inc.
General Municipal Money Market Fund, Inc.
General New York Municipal Money Market Fund
SCHEDULE B
General Government Securities Money Market Fund, Inc.
General Money Market Fund, Inc.
