December 17, 1996
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
DREYFUS TREASURY 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 New York Municipal Cash Management - The 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.
Dreyfus Treasury Cash Management - The 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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus New York Municipal 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.
Dreyfus Treasury 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.
December 17, 1996
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
DREYFUS TREASURY 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 New York Municipal Cash Management - The 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.
Dreyfus Treasury Cash Management - The 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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus New York Municipal 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.
Dreyfus Treasury 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.
December 17, 1996
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
DREYFUS TREASURY 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 New York Municipal Cash Management - The 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.
Dreyfus Treasury Cash Management - The 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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus New York Municipal 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.
Dreyfus Treasury 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.
December 17, 1996
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
DREYFUS TREASURY 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 New York Municipal Cash Management - The 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.
Dreyfus Treasury Cash Management - The 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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Combined Prospectus entitled
"How to Redeem Shares":
Dreyfus New York Municipal 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.
Dreyfus Treasury 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.
December 17, 1996
DREYFUS NEW YORK MUNICIPAL CASH MANAGEMENT
DREYFUS TREASURY 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 12:00 Noon, New York time,
but by 8:00 p.m., New York time, as to Dreyfus New York Municipal Cash
Management, or after 5:00 p.m., New York time, but by 8:00 p.m., New York
time, as to Dreyfus Treasury 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, the redemption request will be effective, and payment for shares
redeemed pursuant to this procedure will be initiated, on the following
business day.
