FIRST PRAIRIE CASH MANAGEMENT
24F-2NT, 1994-08-22
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                          FIRST PRAIRIE CASH MANAGEMENT
                                200 PARK AVENUE
                              NEW YORK, NY  10166




Securities and Exchange Commission
Judiciary Plaza
450 Fifth Street, NW
Washington, DC  20549


      24f-2 Notice - FIRST PRAIRIE CASH MANAGEMENT
      Registration Statement No. 33-42637 - CIK #0000878947

Gentlemen:

    On October 24, 1991, the Registration Statement of First Prairie Cash
Management was declared effective by the SEC.  The Amendment represented the
Fund's election to register an indefinite number of shares and this Notice,
filed pursuant to Rule 24f-2, is for the fiscal year ended June 30, 1994.

    The following information is furnished:

    (a)   Shares registered under Securities Act
          of 1933 other than pursuant to Rule 24f(2):               None


                                                  SHARES        DOLLAR AMOUNT

    (b)   Total number of shares sold during
          fiscal year ended 6/30/94 subject
          to registration under Rule 24f-2:     2,167,517,783   $2,167,517,783

    (c)   Less shares redeemed during
          fiscal year ended 6/30/94:            2,099,928,742    2,099,928,742
                                               -------------    --------------

    Net Sales During Fiscal Year [(b) - (c)]:      67,589,041   $   67,589,041
                                               ==============   ==============


                                   CALCULATION OF FEE

    Net sales dollar amount of $67,589,041 at 1/29 of 1% = $23,318.22.

    Funds in the amount of $23,318.22, representing the registration fee, were
wired to CIK #0000878947.  An opinion of counsel is enclosed.

                                                   Very truly yours,

MNJ/ems

                                                    Mark N. Jacobs, Secretary
cc:  Mr. J. deMichaelis, SEC
     Ms. R. McLaughlin, E&Y
     Mr. S. Rosenberg, BONY



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