May 1, 1999
GENERAL CALIFORNIA MUNICIPAL
MONEY MARKET FUND
GENERAL MUNICIPAL MONEY
MARKET FUND
GENERAL NEW YORK MUNICIPAL
MONEY MARKET FUND
SUPPLEMENT TO PROSPECTUS
DATED APRIL 1, 1999
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION RELATING TO THE FUND CONTAINED IN THE SECTION OF THE FUND'S
PROSPECTUS ENTITLED "ACCOUNT POLICIES - BUYING SHARES":
Your price for fund shares is the fund's net asset value (NAV), which is
generally calculated three times a day, at 12:00 noon, 2:00 p.m. and 8:00 p.m.
Eastern time for the municipal money market funds, every day the New York Stock
Exchange or the fund's transfer agent is open. Your order will be priced at the
next NAV calculated after your order is accepted by the fund's transfer agent or
other authorized entity.
If your payments are received in or converted into Federal Funds by 4:00
p.m. for the municipal money market funds, you will receive the dividend
declared that day. If your payments are received in or converted into Federal
Funds after 4:00 p.m. you will begin to accrue dividends on the following
business day. Qualified institutions may telephone orders to buy shares. If such
an order is made by 2:00 p.m. for the municipal money market funds, and Federal
Funds are received by 4 p.m., the shares will be purchased at the next NAV
determined after the telephone order is accepted and will receive the dividend
declared that day. If such an order is made after 2:00 p.m. but by 8:00 p.m.,
and Federal Funds are received by 11 a.m. the next business day, the shares will
be purchased at the NAV determined at 8 p.m. and will begin to accrue dividends
on the next business day. All times are Eastern time.
gens0599/cmn
