May 1, 1997
DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT PLUS, INC.
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS TAX EXEMPT CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
[Institutional Shares]
Supplement to Combined Prospectus
Dated April 1, 1997
The following information replaces the third sentence of the section of
the Prospectus entitled "Appendix - Investment Techniques - Lending Portfolio
Securities:"
Loans of portfolio securities may not exceed 33 1/3%, as to Dreyfus Cash
Management Plus, or 20%, as to Dreyfus Government Cash Management, of the
value of the Fund's total assets, and the Fund will receive collateral
consisting of cash or, as to Dreyfus Cash Management Plus, cash equivalents,
U.S. Government securities, or other high quality liquid debt securities, or
as to Dreyfus Government Cash Management, U.S. Treasury securities, which
will be maintained at all times in an amount equal to at least 100% of the
current market value of the loaned securities.
The following information replaces the caption and the first sentence of
the section of the Prospectus entitled "Appendix - Investment Techniques -
Forward Commitments:"
Forward Commitments (Dreyfus Cash Management Plus, Dreyfus Municipal Cash
Management Plus, Dreyfus Tax Exempt Cash Management, and Dreyfus New York
Municipal Cash Management) - Each of these Funds may purchase its portfolio
securities on a forward commitment or when-issued basis, which means that
delivery and payment take place a number of days after the date of the
commitment to purchase.
May 1, 1997
DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT PLUS, INC.
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS TAX EXEMPT CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
[Administrative Shares]
Supplement to Combined Prospectus
Dated April 1, 1997
The following information replaces the third sentence of the section of
the Prospectus entitled "Appendix - Investment Techniques - Lending Portfolio
Securities:"
Loans of portfolio securities may not exceed 33 1/3%, as to Dreyfus Cash
Management Plus, or 20%, as to Dreyfus Government Cash Management, of the
value of the Fund's total assets, and the Fund will receive collateral
consisting of cash or, as to Dreyfus Cash Management Plus, cash equivalents,
U.S. Government securities, or other high quality liquid debt securities, or
as to Dreyfus Government Cash Management, U.S. Treasury securities, which
will be maintained at all times in an amount equal to at least 100% of the
current market value of the loaned securities.
The following information replaces the caption and the first sentence of
the section of the Prospectus entitled "Appendix - Investment Techniques -
Forward Commitments:"
Forward Commitments (Dreyfus Cash Management Plus, Dreyfus Municipal Cash
Management Plus, Dreyfus Tax Exempt Cash Management, and Dreyfus New York
Municipal Cash Management) - Each of these Funds may purchase its portfolio
securities on a forward commitment or when-issued basis, which means that
delivery and payment take place a number of days after the date of the
commitment to purchase.
May 1, 1997
DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT PLUS, INC.
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS TAX EXEMPT CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
[Investor Shares]
Supplement to Combined Prospectus
Dated April 1, 1997
The following information replaces the third sentence of the section of
the Prospectus entitled "Appendix - Investment Techniques - Lending Portfolio
Securities:"
Loans of portfolio securities may not exceed 33 1/3%, as to Dreyfus Cash
Management Plus, or 20%, as to Dreyfus Government Cash Management, of the
value of the Fund's total assets, and the Fund will receive collateral
consisting of cash or, as to Dreyfus Cash Management Plus, cash equivalents,
U.S. Government securities, or other high quality liquid debt securities, or
as to Dreyfus Government Cash Management, U.S. Treasury securities, which
will be maintained at all times in an amount equal to at least 100% of the
current market value of the loaned securities.
The following information replaces the caption and the first sentence of
the section of the Prospectus entitled "Appendix - Investment Techniques -
Forward Commitments:"
Forward Commitments (Dreyfus Cash Management Plus, Dreyfus Municipal Cash
Management Plus, Dreyfus Tax Exempt Cash Management, and Dreyfus New York
Municipal Cash Management) - Each of these Funds may purchase its portfolio
securities on a forward commitment or when-issued basis, which means that
delivery and payment take place a number of days after the date of the
commitment to purchase.
May 1, 1997
DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT PLUS, INC.
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS TAX EXEMPT CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
[Participant Shares]
Supplement to Combined Prospectus
Dated April 1, 1997
The following information replaces the third sentence of the section of
the Prospectus entitled "Appendix - Investment Techniques - Lending Portfolio
Securities:"
Loans of portfolio securities may not exceed 33 1/3%, as to Dreyfus Cash
Management Plus, or 20%, as to Dreyfus Government Cash Management, of the
value of the Fund's total assets, and the Fund will receive collateral
consisting of cash or, as to Dreyfus Cash Management Plus, cash equivalents,
U.S. Government securities, or other high quality liquid debt securities, or
as to Dreyfus Government Cash Management, U.S. Treasury securities, which
will be maintained at all times in an amount equal to at least 100% of the
current market value of the loaned securities.
The following information replaces the caption and the first sentence of
the section of the Prospectus entitled "Appendix - Investment Techniques -
Forward Commitments:"
Forward Commitments (Dreyfus Cash Management Plus, Dreyfus Municipal Cash
Management Plus, Dreyfus Tax Exempt Cash Management, and Dreyfus New York
Municipal Cash Management) - Each of these Funds may purchase its portfolio
securities on a forward commitment or when-issued basis, which means that
delivery and payment take place a number of days after the date of the
commitment to purchase.
May 1, 1997
DREYFUS CASH MANAGEMENT
DREYFUS CASH MANAGEMENT PLUS, INC.
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS TAX EXEMPT CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
Supplement to Combined Statement of Additional Information
Dated April 1, 1997
The following information replaces the caption and first sentence of the
section of the Statement of Additional Information entitled "Investment
Objective and Management Policies - Management Policies - Forward
Commitments:"
Forward Commitments. (Dreyfus Cash Management Plus and each Tax Exempt
Fund). Each of these Funds may purchase its portfolio securities on a
forward commitment or when-issued basis. Securities purchased in this manner
are subject to changes in value (generally changing in the same way, i.e.,
appreciating when interest rates decline and depreciating when interest rates
rise) based upon the public's perception of the creditworthiness of the
issuer and changes, real or anticipated, in the level of interest rates.
The following information supplements and should be read in conjunction
with the information contained in the section of the Statement of Additional
Information entitled "Yield Information:"
From time to time, advertising materials for a Fund also may discuss the
availability and benefits of using the Funds as commercial sweep account
vehicles, and may discuss statistics, data, and industry trends in this
regard.
