December 17, 1996
DREYFUS CASH MANAGEMENT PLUS, INC.
[Institutional Shares]
Supplement to Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to Buy
Shares":
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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to
Redeem Shares":
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 CASH MANAGEMENT PLUS, INC.
[Administrative Shares]
Supplement to Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to Buy
Shares":
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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to
Redeem Shares":
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 CASH MANAGEMENT PLUS, INC.
[Investor Shares]
Supplement to Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to Buy
Shares":
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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to
Redeem Shares":
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 CASH MANAGEMENT PLUS, INC.
[Participant Shares]
Supplement to Prospectus
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to Buy
Shares":
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 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.
The following information supplements and supersedes any contrary
information contained in the section of the Prospectus entitled "How to
Redeem Shares":
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 CASH MANAGEMENT PLUS, INC.
Supplement to
Statement of Additional Information
Dated November 20, 1996
The following information supplements and supersedes any contrary
information contained in the section of the 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, the redemption request will be effective
on that day and the 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.
