December 1, 1995
DREYFUS TAX EXEMPT
CASH MANAGEMENT
SUPPLEMENT TO PROSPECTUS
DATED MAY 31, 1995
THE FOLLOWING INFORMATION SUPPLEMENTS OR REPLACES THE INFORMATION
CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF THE
FUND":
Dreyfus Transfer, Inc., a wholly-owned subsidiary of The Dreyfus
Corporation, is located at One American Express Plaza, Providence, Rhode
Island 02903, and serves as the Fund's Transfer and Dividend Disbursing Agent
(the "Transfer Agent").
264/675s120195
December 1, 1995
DREYFUS TAX EXEMPT CASH MANAGEMENT
Supplement to Statement of Additional Information
Dated May 31, 1995
The following information supplements or replaces the information
contained in the following indicated section of the Fund's Statement of
Additional Information:
CUSTODIAN, TRANSFER AND DIVIDEND DISBURSING AGENT,
COUNSEL AND INDEPENDENT AUDITORS
Dreyfus Transfer, Inc., a wholly owned subsidiary of the
Manager, is located at One American Express Plaza,
Providence, Rhode Island 02903, and serves as the Fund's
transfer and dividend disbursing agent. Under a transfer
agency agreement with the Fund, the Transfer Agent arranges
for the maintenance of shareholder account records for the
Fund, the handling of certain communications between
shareholders and the Fund and the payment of dividends and
distributions payable by the Fund. For these services, the
Transfer Agent receives a monthly fee computed on the basis
of the number of shareholder accounts it maintains for the
Fund during the month, and is reimbursed for certain out-of-
pocket expenses. The Transfer Agent has no part in
determining the investment policies of the Fund or which
securities are to be purchased or sold by the Fund.
