DREYFUS TAX EXEMPT CASH MANAGEMENT
NSAR-A, 1996-09-27
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<PAGE>      PAGE  1
000 A000000 07/31/96
000 C000000 0000740123
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001 A000000 DREYFUS TAX EXEMPT CASH MANAGEMENT
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002 A000000 200 PARK AVENUE
002 B000000 NEW YORK
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002 D010000 10166
002 D020000 0144
003  000000 N
004  000000 N
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022 A000001 BT SECURITIES CORPORATION
022 B000001 13-3131014
022 C000001    409090
022 D000001    269840
022 A000002 GOLDMAN, SACHS & CO.
022 B000002 13-5108880
022 C000002    328550
022 D000002    119656
022 A000003 LEHMAN BROTHERS INC.
022 B000003 13-2518466
022 C000003    369856
022 D000003     65000
022 A000004 CITICORP SECURITIES INC.
022 B000004 13-2771536
022 C000004    209677
022 D000004    186223
022 A000005 PAINEWEBBER INCORPORATED
022 B000005 13-2638166
022 C000005    175500
022 D000005    155800
022 A000006 FIRST CHICAGO INVESTMENT SECURITIES, INC.
022 B000006 36-0899825
022 C000006    161685
022 D000006    155425
022 A000007 SMITH BARNEY INC.
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022 C000007     90612
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<PAGE>      PAGE  2
022 A000008 PRUDENTIAL SECURITIES INCORPORATED
022 B000008 22-2347336
022 C000008     68100
022 D000008     68106
022 A000009 MORGAN STANLEY & CO. INCORPORATED
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022 C000009     75700
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022 A000010 J.P. MORGAN SECURITIES INC.
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SIGNATURE   JOSEPH F. TOWER                              
TITLE       ASSIST TREASURER    
 


<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000740123
<NAME> DREYFUS TAX EXEMPT CASH MANAGEMENT
<SERIES>
   <NUMBER> 1
   <NAME> CLASS A
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUL-31-1996
<INVESTMENTS-AT-COST>                          1332641
<INVESTMENTS-AT-VALUE>                         1332641
<RECEIVABLES>                                     5552
<ASSETS-OTHER>                                      50
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                                 1338243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          559
<TOTAL-LIABILITIES>                                559
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1338099
<SHARES-COMMON-STOCK>                          1229900
<SHARES-COMMON-PRIOR>                          1366812
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (415)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                   1229499
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                23142
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1440
<NET-INVESTMENT-INCOME>                          21702
<REALIZED-GAINS-CURRENT>                          (91)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            21611
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                        20797
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        4042337
<NUMBER-OF-SHARES-REDEEMED>                  (4182233)
<SHARES-REINVESTED>                             (2984)
<NET-CHANGE-IN-ASSETS>                          108625
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             1.00
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<EXPENSE-RATIO>                                   .002
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<CIK> 0000740123
<NAME> DREYFUS TAX EXEMPT CASH MANAGMENT
<SERIES>
   <NUMBER> 2
   <NAME> CLASS B
<MULTIPLIER> 1000
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          DEC-31-1996
<PERIOD-END>                               JUL-31-1996
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<INVESTMENTS-AT-VALUE>                         1332641
<RECEIVABLES>                                     5552
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<TOTAL-ASSETS>                                 1338243
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                          559
<TOTAL-LIABILITIES>                                559
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                       1338099
<SHARES-COMMON-STOCK>                           108200
<SHARES-COMMON-PRIOR>                            79823
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                          (415)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                                    108185
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                                23142
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                    1440
<NET-INVESTMENT-INCOME>                          21702
<REALIZED-GAINS-CURRENT>                          (91)
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                            21611
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                          905
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         182296
<NUMBER-OF-SHARES-REDEEMED>                   (154214)
<SHARES-REINVESTED>                              (295)
<NET-CHANGE-IN-ASSETS>                          108625
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<ACCUMULATED-GAINS-PRIOR>                        (324)
<OVERDISTRIB-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   .015
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<PER-SHARE-DIVIDEND>                            (.015)
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<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                   .005
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        


</TABLE>


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