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SIGNATURE STEPHANIE D. PIERCE
TITLE ASSISTANT TREASURER
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DREYFUS TAX EXEMPT CASH MANAGEMENT
FORM N-SAR - JULY 31, 1999
RESPONSE TO SUB-ITEM 77O OF FORM N-SAR
On July 1, 1999, the Fund purchased $15 million in Philadelphia School
District Tax and Revenue Anticipation Notes from an underwriting syndicate of
which Mellon Capital Markets, a Fund affiliate was a member. First Union
Securities was the underwriting syndicate member from whom the Fund purchased
the notes, and the only member of the syndicate that received any economic
benefit. The Report of Purchase of Securities in Compliance with Rule 10f-3,
which was presented to the Fund's Board of Trustees at the meeting held on
September 8, 1999 to confirm that the notes were purchased in compliance with
Rule 10f-3 under the Investment Company Act of 1940, as amended, and the
Fund's Rule 10f-3 Procedures, accompanies this filing.
REPORT OF PURCHASE OF SECURITIES
IN COMPLIANCE WITH RULE 10f-3
THIS REPORT MUST BE COMPLETED ON THE DATE OF PURCHASE AND MUST BE PROVIDED
PROMPTLY TO THE PORTFOLIO MANAGEMENT DEPARTMENT HEAD AND TO THE LEGAL
DEPARTMENT. ANY CHANGES TO THE INFORMATION PROVIDED HEREIN MUST BE REPORTED
IMMEDIATELY TO EACH OF THESE DEPARTMENTS.
1. Name of Dreyfus Fund: Dreyfus Tax Exempt Cash Management
2. Total Net Assets of Fund: $1,575 Billion
3. Type of Security: School District Tax and Revenue Anticipation Notes
4. Description of Security Purchased: Philadelphia PA School District
Transportation Service
5. Security Rating: MIG1/SP1/F1+
6. Name of Underwriting Syndicate Dealer
Effecting Transaction: First Union Securities
7. Name of Affiliated Underwriting Syndicate: Mellon Capital Markets
8. Issue Size: $240.0 Million
9. Amount Purchased by Fund: $15.0 Million
10. Percentage of Principal Amount of Offering
Purchased by Fund (not to exceed 25% of offering): 6.3%
11. Amount Purchased as a Percentage of
Fund Assets: 0.9%
12. Purchase Price of Securities (if at par, so state): 100.530
13. Commission/Spread Received by
Principal Underwriters: 75 cents Per Unit
14. The Purchase was not designated as a "group sale" or otherwise
allocated to the affiliated underwriter's account.
Jill Shaffro Purchase Date: 7/1/99
Portfolio Manager
