DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
LETTER TO SHAREHOLDERS
Dear Shareholder:
The Federal Reserve Board relaxed its policy of monetary restraint in
July 1995 when it modestly lowered the Fed Funds rate. This reduction ended
the upward pressure on short-term rates that had prevailed since the
beginning of 1994. The Fed's restraint had been based on concern about a
resurgence of inflation, given the strong economic news then prevailing. But
in July, reports indicated a significant weakening trend in the economy. The
July reduction in the Fed Funds rate signaled that economic growth issues
outweighed, for a time, Federal Reserve fears of a resurgence of inflation.
The Fed's easing was limited to a lowering of the Fed Funds rate by 25 basis
points; the discount rate remained at 5.25% - its level for most of 1995. For
the 12-month reporting period ended September 30, 1995, your Fund provided a
yield of 3.30%. For investors in Connecticut's highest income tax bracket,
this equates to a taxable equivalent yield of 5.72%.* Income dividends of
approximately $.033 per share were paid during the period. Reinvesting these
dividends and calculating the effect of this compounding resulted in an
effective yield of 3.35%.** These dividends were exempt from Federal and
Connecticut personal income taxes, although some income may be subject to the
Federal Alternative Minimum Tax (AMT) for certain shareholders.
THE ECONOMY
The Fed easing was triggered by concern about the weakening economy.
Economic reports indicated flagging home and auto sales, and a decline in new
home construction from earlier this year. Furthermore, rising business
inventories (a frequent harbinger of a business slowdown) and weakening
retail sales lent additional credibility to the case for easier credit
conditions. By midyear, jobless claims were also on the rise. More recently,
however, some indicators have reflected economic strength. Inflation is
moderate, but various sectors of the economy such as consumer spending and
housing appear to be picking up. It is expected that the stronger numbers
will forestall any immediate easing by the Federal Reserve Board.
Nevertheless, one should not rule out the possibility of another Fed move
before year-end.
MARKET ENVIRONMENT
While market fundamentals do affect the short-term municipal market, the
overriding influence continues to be market technicals (i.e., supply/demand).
Since the rates on those securities in the portfolio that provide the highest
degree of liquidity (1-day and 7-day demand notes) are adjusted on a daily or
weekly basis, your Fund's yield reflects these rapid adjustments and
fluctuates accordingly. One example of these seasonal adjustments occurred in
late June and early July as demand exceeded supply, and short-term yields on
municipal issues dropped accordingly. Apart from seasonal considerations,
monthly technicals can also occur, resulting in temporary declines in yields.
Available supply evaporates quickly as interest payments and proceeds of bond
maturities flow into money market funds during the first days of each month.
Primarily for these reasons, the yields of municipal money market funds tend
to seesaw during these time periods. In yet another example of seasonal
influences, the coming weeks may provide a window of opportunity, as year-end
technicals are expected to temporarily soften short-term rates.
THE PORTFOLIO
In the wake of the Orange County, California bankruptcy filing in
December 1994, we continue to be even more vigilant in using our credit
research facilities to locate those credits that meet our high internal
standards and that can provide your Fund with attractive returns. Keep in
mind that there continues to be heightened demand for those securities which
provide tax-free income to the Connecticut investor. Historically,
Connecticut notes have frequently traded at a premium to general market
levels. Yet, on an after-tax basis, the securities in your Fund have
generated an attractive return to the high-income Connecticut resident. As
those issues meeting our guidelines have become available, we have extended
the Fund's maturity to enhance further your Fund's yield. Given the potential
for temporary market weakness in December, we anticipate extending your
Fund's average maturity, when advantageous, in expectation of a decline in
yields after the New Year. Our primary tasks - to preserve principal, to
invest in those issues that meet our high quality standards, and to maintain
a balance of income and liquidity consistent with our conservative management
philosophy - continue to guide our portfolio management decisions.
Included in this report is a series of detailed statements about your
Fund's holdings and its financial condition. We hope they are informative.
Please know that we appreciate greatly your continued confidence in the Fund
and in Dreyfus.
Very truly yours,
[Richard J. Moynihan signature logo]
Richard J. Moynihan
Director, Municipal Portfolio Management
The Dreyfus Corporation
October 9, 1995
New York, N.Y.
* Tax equivalency includes highest combined Federal and Connecticut tax
rate, after giving effect to State tax benefit (42.32%).
**Effective yield is based upon dividends declared daily and reinvested
monthly.
<TABLE>
<CAPTION>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
STATEMENT OF INVESTMENTS SEPTEMBER 30, 1995
PRINCIPAL
TAX EXEMPT INVESTMENTS-100.0% AMOUNT VALUE
-------------- --------------
<S> <C> <C>
CONNECTICUT-91.7%
Town of Cheshire, BAN 4.25%, 8/9/96......................................... $ 6,400,000 $ 6,431,667
State of Connecticut:
Economic Recovery Notes, VRDN 4.35%, Series B
(SBPA: Canadian Imperial Bank of Commerce, Industrial Bank of Japan and
National Westminster Bank) (a)........................................ 7,000,000 7,000,000
GO Notes 4.40%, 12/1/95................................................. 4,000,000 4,005,545
Special Tax Obligation Revenue, VRDN (Transportation Infrastructure-1)
4.20% (LOC; Industrial Bank of Japan) (a,b)........................... 8,050,000 8,050,000
Connecticut Development Authority, VRDN:
Health Care Revenue (Corp. for Independent Living Project)
4.20% (LOC; Chemical Bank) (a,b)...................................... 16,345,000 16,345,000
IDR (Blaset and Bromley Realty Project) 3.90% (LOC; Fleet Bank) (a,b)... 3,900,000 3,900,000
PCR, Refunding:
(Connecticut Light and Power Co. Project):
4.40%, Series A (LOC; Deutsche Bank) (a,b)........................ 10,000,000 10,000,000
4.50%, Series B (LOC; Union Bank of Switzerland) (a,b)............ 13,000,000 13,000,000
(Western Massachusetts Electric Co.)
4.25%, Series A (LOC; Union Bank of Switzerland) (a,b)............ 9,800,000 9,800,000
Solid Waste Revenue:
(Exeter Energy Project) 4.40%, Series A (LOC; Sanwa Bank) (a,b)....... 11,100,000 11,100,000
(Rand/Whitney Project) 4.15% (LOC; Chase Manhattan Bank) (a,b)........ 8,500,000 8,500,000
Water Facility Revenue (Bridgeport Hydraulic Co. Project)
4.15% (LOC; Societe Generale) (a,b)................................... 8,500,000 8,500,000
Connecticut Health and Educational Facilities Authority, Revenue, VRDN
(Bridgeport Hospital and Foundation) 3.95%, Series B (LOC; Fuji Bank) (a,b) 5,200,000 5,200,000
Connecticut Housing Finance Authority (Housing Mortgage Finance Program):
CP 3.90%, Series D, 11/8/95............................................. 3,445,000 3,445,000
Revenue:
3.75%, Subseries H-2, 4/15/96......................................... 5,000,000 5,000,000
4.40%, Series E, 11/15/95............................................. 3,000,000 3,000,000
4.50%, Subseries E-2, 11/15/95........................................ 3,000,000 3,000,000
Connecticut Municipal Electric Energy Coop, Power Supply System Revenue, CP
3.75%, Series A, 11/13/95 (LOC; Fleet Bank) (b)......................... 8,000,000 8,000,000
Connecticut Special Assessment Unemployment Compensation Advance Fund,
Revenue
(Connecticut Unemployment):
3.90%, Series C, 7/1/96 (Insured and Liquidy; FGIC)................... 15,000,000 15,000,000
VRDN 4.35%, Series B (LOC; Mitsubishi Bank) (a,b)..................... 15,700,000 15,700,000
Town of Fairfield, BAN 5.25%, 1/16/96....................................... 10,155,000 10,165,047
Town of Hamden, BAN 4.25%, 8/15/96.......................................... 4,100,000 4,117,200
Hartford Redevelopment Agency, MFMR, Refunding, VRDN (Underwood Tower Project)
4.35% (Insured; FSA and Liquidity; Barclays Bank) (a)................... 12,000,000 12,000,000
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
STATEMENT OF INVESTMENTS (CONTINUED) SEPTEMBER 30, 1995
PRINCIPAL
TAX EXEMPT INVESTMENTS (CONTINUED) AMOUNT VALUE
-------------- --------------
CONNECTICUT (CONTINUED)
Stanford Housing Authority, Revenue, VRDN (Morgan Street Project)
4.20% (LOC; Deutsche Bank) (a,b)........................................ $ 7,500,000 $ 7,500,000
Town of West Hartford, BAN 3.90%, 1/18/96................................... 10,000,000 10,009,287
U.S. RELATED-8.3%
Commonwealth of Puerto Rico Government Development Bank:
CP 3.70%, 11/9/95....................................................... 12,000,000 12,000,000
Refunding, VRDN 3.80% (LOC; Credit Suisse) (a,b)........................ 2,950,000 2,950,000
Commonwealth of Puerto Rico Highway and Transportation Authority,
Highway Revenue VRDN 3.80%, Series X (LOC: Landesbank Hesson, Swiss Bank Corp.
and Union Bank of Switzerland) (a,b).................................... 4,000,000 4,000,000
---------
TOTAL INVESTMENTS (cost $227,718,746)....................................... $227,718,746
===========
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF ABBREVIATIONS
<S> <C> <S> <C>
BAN Bond Anticipation Notes LOC Letter of Credit
CP Commercial Paper MFMR Multi-Family Mortgage Revenue
FGIC Financial Guaranty Insurance Company PCR Pollution Control Revenue
FSA Financial Security Assurance SBPA Standby Bond Purchase Agreement
GO General Obligation VRDN Variable Rate Demand Notes
IDR Industrial Development Revenue
</TABLE>
<TABLE>
<CAPTION>
SUMMARY OF COMBINED RATINGS (UNAUDITED)
MOODY'S OR STANDARD & POOR'S PERCENTAGE OF VALUE
- ------- ----------------- -------------------
<S> <C> <C>
VMIG1/MIG1, P1 (c) SP1+/SP1, A1+/A1 (c) 84.8%
Aaa/Aa (d) AAA/AA (d) 1.8
Not Rated (e) Not Rated (e) 13.4
------
100.0%
======
NOTES TO STATEMENT OF INVESTMENTS:
(a) Securities payable on demand. The interest rate, which is subject to
change, is based upon bank prime rates or an index of market interest
rates.
(b) Secured by letters of credit. At September 30, 1995, 56.9% of the
Fund's net assets are backed by letters of credit issued by domestic
banks, foreign banks and brokerage firms, of which Union Bank of
Switzerland provided letters of credit to 10.6% of the Fund's net assets.
(c) P1 and A1 are the highest ratings assigned tax-exempt commercial
paper by Moody's and Standard & Poor's, respectively.
(d) Notes which are not MIG or SP rated are represented by bond ratings
of the issuers.
(e) Securities which, while not rated by Moody's and Standard & Poor's,
respectively, have been determined by the Fund's Board of Directors to be
of comparable quality to those rated securities in which the Fund may
invest.
See notes to financial statements.
</TABLE>
<TABLE>
<CAPTION>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
STATEMENT OF ASSETS AND LIABILITIES SEPTEMBER 30, 1995
<S> <C> <C>
ASSETS:
Investments in securities, at value-Note 1(a)........................... $227,718,746
Cash.................................................................... 3,776,543
Interest receivable..................................................... 1,590,444
Prepaid expenses........................................................ 8,486
-----------
233,094,219
LIABILITIES:
Due to The Dreyfus Corporation.......................................... $96,220
Accrued expenses........................................................ 66,400 162,620
------- -----------
NET ASSETS.................................................................. $232,931,599
============
REPRESENTED BY:
Paid-in capital......................................................... $233,010,155
Accumulated net realized (loss) on investments.......................... (78,556)
------------
NET ASSETS at value applicable to 233,010,155 shares outstanding
(1 billion shares of $.001 par value Common Stock authorized)........... $232,931,599
===========
NET ASSET VALUE, offering and redemption price per share
($232,931,599 / 233,010,155 shares)..................................... $1.00
====
See notes to financial statements.
</TABLE>
<TABLE>
<CAPTION>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
STATEMENT OF OPERATIONS YEAR ENDED SEPTEMBER 30, 1995
<S> <C> <C>
INVESTMENT INCOME:
INTEREST INCOME......................................................... $9,408,867
EXPENSES:
Management fee-Note 2(a).............................................. $1,251,522
Shareholder servicing costs-Note 2(b)................................. 227,800
Professional fees..................................................... 41,694
Custodian fees........................................................ 28,057
Directors' fees and expenses-Note 2(c)................................ 7,817
Shareholders' reports................................................. 6,918
Registration fees..................................................... 5,661
Miscellaneous......................................................... 18,801
----------
1,588,270
Less-reduction in management fee due to
undertakings-Note 2(a)............................................ 457,820
----------
TOTAL EXPENSES.................................................. 1,130,450
-----------
INVESTMENT INCOME-NET....................................................... 8,278,417
NET REALIZED (LOSS) ON INVESTMENTS-Note 1(b)................................ (33,920)
-----------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS........................ $8,244,497
===========
See notes to financial statements.
</TABLE>
<TABLE>
<CAPTION>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
STATEMENT OF CHANGES IN NET ASSETS
YEAR ENDED SEPTEMBER 30,
------------------------------------
1994 1995
--------------- --------------
<S> <C> <C>
OPERATIONS:
Investment income-net................................................... $ 5,764,097 $ 8,278,417
Net realized gain (loss) on investments................................. 7,629 (33,920)
Net unrealized (depreciation) on investments for the year............... (1,990) ---
--------------- -------------
NET INCREASE IN NET ASSETS RESULTING FROM OPERATIONS.................. 5,769,736 8,244,497
--------------- -------------
DIVIDENDS TO SHAREHOLDERS FROM;
Investment income-net................................................... (5,764,097) (8,278,417)
--------------- -------------
CAPITAL STOCK TRANSACTIONS ($1.00 per share):
Net proceeds from shares sold........................................... 434,878,232 357,211,843
Dividends reinvested.................................................... 5,433,237 7,853,761
Cost of shares redeemed................................................. (410,537,781) (374,167,329)
--------------- -------------
INCREASE (DECREASE) IN NET ASSETS FROM CAPITAL STOCK TRANSACTIONS..... 29,773,688 (9,101,725)
--------------- -------------
TOTAL INCREASE (DECREASE) IN NET ASSETS........................... 29,779,327 (9,135,645)
NET ASSETS:
Beginning of year....................................................... 212,287,917 242,067,244
--------------- -------------
End of year............................................................. $ 242,067,244 $ 232,931,599
============== =============
See notes to financial statements.
</TABLE>
<TABLE>
<CAPTION>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
FINANCIAL HIGHLIGHTS
Contained below is per share operating performance data for a share of
Common Stock outstanding, total investment return, ratios to average net
assets and other supplemental data for each year indicated. This information
has been derived from the Fund's financial statements.
YEAR ENDED SEPTEMBER 30,
--------------------------------------------------------------
PER SHARE DATA: 1991 1992 1993 1994 1995
-------- -------- -------- -------- ---------
<S> <C> <C> <C> <C> <C>
Net asset value, beginning of year........... $1.0000 $1.0000 $1.0002 $ .9998 $ .9998
-------- -------- -------- -------- ---------
INVESTMENT OPERATIONS:
Investment income-net........................ .0470 .0323 .0230 .0230 .0330
Net realized and unrealized gain (loss)
on investments............................. -- .0002 (.0004) -- (.0001)
-------- -------- -------- -------- ---------
TOTAL FROM INVESTMENT OPERATIONS........... .0470 .0325 .0226 .0230 .0329
-------- -------- -------- -------- ---------
DISTRIBUTIONS:
Dividends from investment income-net......... (.0470) (.0323) (.0228) (.0230) (.0330)
Dividends from net realized gain on investments -- -- (.0002) -- --
-------- -------- -------- -------- ---------
TOTAL DISTRIBUTIONS........................ (.0470) (.0323) (.0230) (.0230) (.0330)
-------- -------- -------- -------- ---------
Net asset value, end of year................. $1.0000 $1.0002 $ .9998 $ .9998 $ .9997
======= ======= ======= ======= =======
TOTAL INVESTMENT RETURN.......................... 4.80% 3.28% 2.34% 2.33% 3.35%
RATIOS/SUPPLEMENTAL DATA:
Ratio of expenses to average net assets...... -- .04% .12% .22% .45%
Ratio of net investment income to average net assets 4.54% 3.22% 2.30% 2.30% 3.31%
Decrease reflected in above expense ratios due to
undertakings by the Manager................ .67% .63% .55% .42% .18%
Net Assets, end of year (000's Omitted)...... $187,301 $206,980 $212,288 $242,067 $232,932
See notes to financial statements.
</TABLE>
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
NOTES TO FINANCIAL STATEMENTS
NOTE 1-SIGNIFICANT ACCOUNTING POLICIES:
The Fund is registered under the Investment Company Act of 1940 ("Act")
as a non-diversified open-end management investment company. Premier Mutual
Fund Services, Inc. (the "Distributor") acts as the distributor of the Fund's
shares, which are sold to the public without a sales charge. The Distributor,
located at One Exchange Place, Boston, Massachusetts 02109, is a wholly-owned
subsidiary of FDI Distribution Services, Inc., a provider of mutual fund
administration services, which in turn is a wholly-owned subsidiary of FDI
Holdings, Inc., the parent company of which is Boston Institutional Group,
Inc. The Dreyfus Corporation ("Manager") serves as the Fund's investment
adviser. The Manager is a direct subsidiary of Mellon Bank, N.A.
It is the Fund's policy to maintain a continuous net asset value per
share of $1.00; the Fund has adopted certain investment, portfolio valuation
and dividend and distribution policies to enable it to do so. There is no
assurance, however, that the Fund will be able to maintain a stable net asset
value of $1.00.
(A) PORTFOLIO VALUATION: Investments are valued at amortized cost, which
has been determined by the Fund's Board of Directors to represent the fair
value of the Fund's investments.
(B) SECURITIES TRANSACTIONS AND INVESTMENT INCOME: Securities
transactions are recorded on a trade date basis. Interest income, adjusted
for amortization of premiums and original issue discounts on investments, is
earned from settlement date and recognized on the accrual basis. Realized
gain and loss from securities transactions are recorded on the identified
cost basis.
The Fund follows an investment policy of investing primarily in municipal
obligations of one state. Economic changes affecting the state and certain of
its public bodies and municipalities may affect the ability of issuers within
the state to pay interest on, or repay principal of, municipal obligations
held by the Fund.
(C) DIVIDENDS TO SHAREHOLDERS: It is the policy of the Fund to declare
dividends daily from investment income--net. Such dividends are paid monthly.
Dividends from net realized capital gain are normally declared and paid
annually, but the Fund may make distributions on a more frequent basis to
comply with the distribution requirements of the Internal Revenue Code. To
the extent that net realized capital gain can be offset by capital loss
carryovers, it is the policy of the Fund not to distribute such gain.
(D) FEDERAL INCOME TAXES: It is the policy of the Fund to continue to
qualify as a regulated investment company, which can distribute tax exempt
dividends, by complying with the applicable provisions of the Internal
Revenue Code, and to make distributions of income and net realized capital
gain sufficient to relieve it from substantially all Federal income and
excise taxes.
The Fund has an unused capital loss carryover of approximately $45,000
available for Federal income tax purposes to be applied against future net
securities profits, if any, realized subsequent to September 30, 1995. The
carryover does not include net realized securities losses from November 1,
1994 through September 30, 1995 which are treated, for Federal income tax
purposes, as arising in fiscal 1996. If not applied, $34,000 of the carryover
expires in fiscal 2002 and $11,000 of the carryover expires in fiscal 2003.
At September 30, 1995, the cost of investments for Federal income tax
purposes was substantially the same as the cost for financial reporting
purposes (see the Statement of Investments).
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
NOTE 2-MANAGEMENT FEE AND OTHER TRANSACTIONS WITH AFFILIATES:
(A) Pursuant to a management agreement ("Agreement") with the Manager,
the management fee is computed at the annual rate of .50 of 1% of the average
daily value of the Fund's net assets and is payable monthly. The Agreement
provides for an expense reimbursement from the Manager should the Fund's
aggregate expenses, exclusive of taxes, brokerage, interest on borrowings and
extraordinary expenses, exceed the expense limitation of any state having
jurisdiction over the Fund for any full fiscal year. However, the Manager had
undertaken from October 1, 1994 through August 31, 1995, to reduce the
management fee paid by the Fund, to the extent that the Fund's aggregate
expenses (excluding certain expenses as described above) exceeded specified
annual percentages of the Fund's average daily net assets. The Manager has
currently undertaken from September 1, 1995 through December 31, 1995, to
reduce the management fee paid by, or reimburse such excess expenses of the
Fund, to the extent that the Fund's aggregate annual expenses (excluding
certain expenses as described above) exceed an annual rate of .65 of 1% of
the average daily value of the Fund's net assets. The reduction in management
fee, pursuant to the undertakings, amounted to $457,820 for the year ended
September 30, 1995.
The undertaking may be modified by the Manager from time to time,
provided that the resulting expense reimbursement would not be less than the
amount required pursuant to the Agreement.
(B) Pursuant to the Fund's Shareholder Services Plan, the Fund reimburses
Dreyfus Service Corporation, a wholly-owned subsidiary of the Manager, an
amount not to exceed an annual rate of .25 of 1% of the value of the Fund's
average daily net assets for certain allocated expenses of providing personal
services and/or maintaining shareholder accounts. The services provided may
include personal services relating to shareholder accounts, such as answering
shareholder inquiries regarding the Fund and providing reports and other
information, and services related to the maintenance of shareholder accounts.
During the year ended September 30, 1995, the Fund was charged an aggregate
of $121,149 pursuant to the Shareholder Services Plan.
(C) Each director who is not an "affiliated person" as defined in the Act
receives from the Fund an annual fee of $1,000. The Chairman of the Board
receives an additional 25% of such compensation.
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
REPORT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS
SHAREHOLDERS AND BOARD OF DIRECTORS
DREYFUS CONNECTICUT MUNICIPAL MONEY MARKET FUND, INC.
We have audited the accompanying statement of assets and liabilities of
Dreyfus Connecticut Municipal Money Market Fund, Inc., including the
statement of investments, as of September 30, 1995, and the related statement
of operations for the year then ended, the statement of changes in net assets
for each of the two years in the period then ended, and financial highlights
for each of the years indicated therein. These financial statements and
financial highlights are the responsibility of the Fund's management. Our
responsibility is to express an opinion on these financial statements and
financial highlights based on our audits.
We conducted our audits in accordance with generally accepted auditing
standards. Those standards require that we plan and perform the audit to
obtain reasonable assurance about whether the financial statements and
financial highlights are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures
in the financial statements. Our procedures included confirmation of
securities owned as of September 30, 1995 by correspondence with the
custodian. An audit also includes assessing the accounting principles
used and significant estimates made by management, as well as evaluating
the overall financial statement presentation. We believe that our audits
provide a reasonable basis for our opinion.
In our opinion, the financial statements and financial highlights
referred to above present fairly, in all material respects, the financial
position of Dreyfus Connecticut Municipal Money Market Fund, Inc. at
September 30, 1995, the results of its operations for the year then ended,
the changes in its net assets for each of the two years in the period then
ended, and the financial highlights for each of the indicated years, in
conformity with generally accepted accounting principles.
[Ernst and Young LLP signature logo]
New York, New York
November 2, 1995
IMPORTANT TAX INFORMATION (UNAUDITED)
In accordance with Federal tax law, the Fund hereby designates all the
dividends paid from investment income-net during the fiscal year ended
September 30, 1995 as "exempt-interest dividends" (not subject to regular
Federal and, for individuals who are Connecticut residents, Connecticut
personal income taxes).
[Dreyfus lion "d" logo]
DREYFUS CONNECTICUT MUNICIPAL
MONEY MARKET FUND, INC.
200 Park Avenue
New York, NY 10166
MANAGER
The Dreyfus Corporation
200 Park Avenue
New York, NY 10166
CUSTODIAN
The Bank of New York
90 Washington Street
New York, NY 10286
TRANSFER AGENT &
DIVIDEND DISBURSING AGENT
The Shareholder Services Group, Inc.
P.O. Box 9671
Providence, RI 02940
Further information is contained
in the Prospectus, which must
precede or accompany this report.
Printed in U.S.A. 101AR959
[Dreyfus logo]
Connecticut
Municipal
Money Market
Fund, Inc.
Annual Report
September 30, 1995
