December 17, 1996
DREYFUS CASH MANAGEMENT
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS TAX EXEMPT CASH MANAGEMENT
[Institutional Shares]
Supplement to Combined Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Buy Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - Each of these Fund's net asset value per
share is determined twice daily: as of 5:00 p.m., New York time/2:00 p.m.,
California time, and as of 8:00 p.m., New York time/5:00 p.m., California
time, on each day the New York Stock Exchange or, as to Dreyfus Cash
Management only, the New York Stock Exchange or the Transfer Agent, is open
for business.
An order placed to Dreyfus Institutional Services Division after 5:00
p.m., New York time/2:00 p.m., California time, but by 8:00 p.m., New York
time/5:00 p.m., California time, on a given day, will become effective at
the price determined at 8:00 p.m., New York time/5:00 p.m., California
time, on that day, if Federal Funds are received by 11:00 a.m., New York
time, on the next business day, and shares so purchased will begin to
accrue dividends on the business day following the date the order became
effective.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - Each of these Fund's net asset value per share is determined
twice daily: as of 12:00 Noon, New York time, and as of 8:00 p.m., New York
time, on each day the New York Stock Exchange is open for business.
An order placed to Dreyfus Institutional Services Division after 12:00
Noon, New York time, but by 8:00 p.m., New York time, on a given day, will
become effective at the price determined at 8:00 p.m., New York time, on
that day, if Federal Funds are received by 11:00 a.m., New York time, on
the next business day, and shares so purchased will begin to accrue
dividends on the business day following the date the order became
effective.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - If a redemption request is received after
5:00 p.m., New York time, but by 8:00 p.m., New York time, the redemption
request will be effective on that day, the shares will receive the dividend
declared on that day, and the proceeds of redemption, if wire transfer is
requested, ordinarily will be transmitted in Federal Funds on the next
business day.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - If a redemption request is received after 12:00 Noon, New York
time, but by 8:00 p.m., New York time, the redemption request will be
effective on that day, the shares will receive the dividend declared on
that day, and the proceeds of redemption, if wire transfer is requested,
ordinarily will be transmitted in Federal Funds on the next business day.
December 17, 1996
DREYFUS CASH MANAGEMENT
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS TAX EXEMPT CASH MANAGEMENT
[Administrative Shares]
Supplement to Combined Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Buy Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - Each of these Fund's net asset value per
share is determined twice daily: as of 5:00 p.m., New York time/2:00 p.m.,
California time, and as of 8:00 p.m., New York time/5:00 p.m., California
time, on each day the New York Stock Exchange or, as to Dreyfus Cash
Management only, the New York Stock Exchange or the Transfer Agent, is open
for business.
An order placed to Dreyfus Institutional Services Division after 5:00
p.m., New York time/2:00 p.m., California time, but by 8:00 p.m., New York
time/5:00 p.m., California time, on a given day, will become effective at
the price determined at 8:00 p.m., New York time/5:00 p.m., California
time, on that day, if Federal Funds are received by 11:00 a.m., New York
time, on the next business day, and shares so purchased will begin to
accrue dividends on the business day following the date the order became
effective.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - Each of these Fund's net asset value per share is determined
twice daily: as of 12:00 Noon, New York time, and as of 8:00 p.m., New York
time, on each day the New York Stock Exchange is open for business.
An order placed to Dreyfus Institutional Services Division after 12:00
Noon, New York time, but by 8:00 p.m., New York time, on a given day, will
become effective at the price determined at 8:00 p.m., New York time, on
that day, if Federal Funds are received by 11:00 a.m., New York time, on
the next business day, and shares so purchased will begin to accrue
dividends on the business day following the date the order became
effective.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - If a redemption request is received after
5:00 p.m., New York time, but by 8:00 p.m., New York time, the redemption
request will be effective on that day, the shares will receive the dividend
declared on that day, and the proceeds of redemption, if wire transfer is
requested, ordinarily will be transmitted in Federal Funds on the next
business day.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - If a redemption request is received after 12:00 Noon, New York
time, but by 8:00 p.m., New York time, the redemption request will be
effective on that day, the shares will receive the dividend declared on
that day, and the proceeds of redemption, if wire transfer is requested,
ordinarily will be transmitted in Federal Funds on the next business day.
December 17, 1996
DREYFUS CASH MANAGEMENT
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS TAX EXEMPT CASH MANAGEMENT
[Investor Shares]
Supplement to Combined Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Buy Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - Each of these Fund's net asset value per
share is determined twice daily: as of 5:00 p.m., New York time/2:00 p.m.,
California time, and as of 8:00 p.m., New York time/5:00 p.m., California
time, on each day the New York Stock Exchange or, as to Dreyfus Cash
Management only, the New York Stock Exchange or the Transfer Agent, is open
for business.
An order placed to Dreyfus Institutional Services Division after 5:00
p.m., New York time/2:00 p.m., California time, but by 8:00 p.m., New York
time/5:00 p.m., California time, on a given day, will become effective at
the price determined at 8:00 p.m., New York time/5:00 p.m., California
time, on that day, if Federal Funds are received by 11:00 a.m., New York
time, on the next business day, and shares so purchased will begin to
accrue dividends on the business day following the date the order became
effective.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - Each of these Fund's net asset value per share is determined
twice daily: as of 12:00 Noon, New York time, and as of 8:00 p.m., New York
time, on each day the New York Stock Exchange is open for business.
An order placed to Dreyfus Institutional Services Division after 12:00
Noon, New York time, but by 8:00 p.m., New York time, on a given day, will
become effective at the price determined at 8:00 p.m., New York time, on
that day, if Federal Funds are received by 11:00 a.m., New York time, on
the next business day, and shares so purchased will begin to accrue
dividends on the business day following the date the order became
effective.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - If a redemption request is received after
5:00 p.m., New York time, but by 8:00 p.m., New York time, the redemption
request will be effective on that day, the shares will receive the dividend
declared on that day, and the proceeds of redemption, if wire transfer is
requested, ordinarily will be transmitted in Federal Funds on the next
business day.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - If a redemption request is received after 12:00 Noon, New York
time, but by 8:00 p.m., New York time, the redemption request will be
effective on that day, the shares will receive the dividend declared on
that day, and the proceeds of redemption, if wire transfer is requested,
ordinarily will be transmitted in Federal Funds on the next business day.
December 17, 1996
DREYFUS CASH MANAGEMENT
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS TAX EXEMPT CASH MANAGEMENT
[Participant Shares]
Supplement to Combined Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Buy Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - Each of these Fund's net asset value per
share is determined twice daily: as of 5:00 p.m., New York time/2:00 p.m.,
California time, and as of 8:00 p.m., New York time/5:00 p.m., California
time, on each day the New York Stock Exchange or, as to Dreyfus Cash
Management only, the New York Stock Exchange or the Transfer Agent, is open
for business.
An order placed to Dreyfus Institutional Services Division after 5:00
p.m., New York time/2:00 p.m., California time, but by 8:00 p.m., New York
time/5:00 p.m., California time, on a given day, will become effective at
the price determined at 8:00 p.m., New York time/5:00 p.m., California
time, on that day, if Federal Funds are received by 11:00 a.m., New York
time, on the next business day, and shares so purchased will begin to
accrue dividends on the business day following the date the order became
effective.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - Each of these Fund's net asset value per share is determined
twice daily: as of 12:00 Noon, New York time, and as of 8:00 p.m., New York
time, on each day the New York Stock Exchange is open for business.
An order placed to Dreyfus Institutional Services Division after 12:00
Noon, New York time, but by 8:00 p.m., New York time, on a given day, will
become effective at the price determined at 8:00 p.m., New York time, on
that day, if Federal Funds are received by 11:00 a.m., New York time, on
the next business day, and shares so purchased will begin to accrue
dividends on the business day following the date the order became
effective.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus Cash Management, Dreyfus Government Cash Management, and Dreyfus
Treasury Prime Cash Management - If a redemption request is received after
5:00 p.m., New York time, but by 8:00 p.m., New York time, the redemption
request will be effective on that day, the shares will receive the dividend
declared on that day, and the proceeds of redemption, if wire transfer is
requested, ordinarily will be transmitted in Federal Funds on the next
business day.
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management - If a redemption request is received after 12:00 Noon, New York
time, but by 8:00 p.m., New York time, the redemption request will be
effective on that day, the shares will receive the dividend declared on
that day, and the proceeds of redemption, if wire transfer is requested,
ordinarily will be transmitted in Federal Funds on the next business day.
December 17, 1996
DREYFUS CASH MANAGEMENT
DREYFUS GOVERNMENT CASH MANAGEMENT
DREYFUS TREASURY PRIME CASH MANAGEMENT
DREYFUS MUNICIPAL CASH MANAGEMENT PLUS
DREYFUS TAX EXEMPT CASH MANAGEMENT
Supplement to Combined
Statement of Additional Information
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Combined Statement of
Additional Information entitled "How to Redeem Shares - Redemption by Wire
or Telephone":
If a redemption request is received after 5:00 p.m., New York time,
but by 8:00 p.m., New York time, as to Dreyfus Cash Management, Dreyfus
Government Cash Management, and Dreyfus Treasury Prime Cash Management, or
after 12:00 Noon, New York time, but by 8:00 p.m., New York time, as to
Dreyfus Municipal Cash Management Plus and Dreyfus Tax Exempt Cash
Management, the redemption request will be effective on that day and the
relevant Fund will initiate payment for shares redeemed pursuant to this
procedure on the following business day. Otherwise, a redemption request
received will be effective, and payment for shares redeemed pursuant to
this procedure will be initiated, on the following business day.
