FIRST PRAIRIE CASH MANAGEMENT
485APOS, 1995-03-22
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                                 Registration Nos. 33-42637   
                                                   811-6406
================================================================
==========
                     SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C. 20549
                                  FORM N-1A
                                                                 
     
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933          
   
                                                                 
    
           Pre-Effective Amendment No.                           
   
   
           Post-Effective Amendment No. 5                        
   

                     and
                                                                 
      
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940  
   
                                                                 
      
           Amendment No. 5                                       
    

              (Check appropriate box or boxes)

                        FIRST PRAIRIE CASH MANAGEMENT
             (Exact Name of Registrant as Specified in Charter)

The First National Bank of Chicago
Three First National Plaza
Chicago, Illinois                                     60670
(Address of Principal Executive Offices)           (Zip Code)

Registrant's Telephone Number, including Area Code:  (312)
732-4231

                          Bradford M. Markham, Esq.
                         Three First National Plaza
                           Chicago, Illinois 60670
                   (Name and Address of Agent for Service)
                                      
           It is proposed that this filing will become effective
(check
appropriate box) 

           immediately upon filing pursuant to paragraph (b)

      ____ on (date) pursuant to paragraph (b)

       X   60 days after filing pursuant to paragraph (a)(i)

      ____ on (date) pursuant to paragraph (a)(i)

      ____ 75 days after filing pursuant to paragraph (a)(ii)

      ____ on (date) pursuant to paragraph (a)(ii) of Rule 485.



           If appropriate, check the following box:

           ____ this post-effective amendment designates a new 
                effective date for a previously filed
                post-effective amendment.

Registrant has registered an indefinite number of shares of its
beneficial interest under the Securities Act of 1933 pursuant to
Section 24(f) of the Investment Company Act of 1940. 
Registrant's Rule 24f-2 Notice for period of July 1, 1994
through January 17, 1995 was filed on March 16, 1995. 
Registrant hereby terminates its election to register an
indefinite number of shares of its beneficial interest under the
Securities Act of 1993 pursuant to Rule 24f-2(b)(3) under the
Investment Company Act of 1940.
<PAGE>
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and
the Investment Company Act of 1940, the Registrant has duly
caused this Amendment to the Registration Statement to be signed
on its behalf by the undersigned, thereunto duly authorized, in
the City of New York, and State of New York on the 20th day of
March, 1995.


                        FIRST PRAIRIE CASH MANAGEMENT


                    BY:       /s/Joseph F. Kissel*      
                          Joseph F. Kissel, President


           Pursuant to the requirements of the Securities Act of
1933, this Amendment to the Registration Statement has been
signed below by the following persons in the capacities and on
the date indicated.

    Signature                 Title                Date


/s/Joseph F. Kissel*     President (Principal     March 20, 1995
Joseph F. Kissel         Executive Officer)

/s/Richard A. Fabietti*   Treasurer (Principal    March 20, 1995
Richard A. Fabietti       Financial and Accounting
                          Officer)

/s/John P. Gould*       Trustee                  March 20, 1995
John P. Gould

/s/Marilyn McCoy*       Trustee                  March 20, 1995
Marilyn McCoy

/s/Raymond D. Oddi*     Trustee                  March 20, 1995
Raymond D. Oddi



*By:/s/Ann E. Bergin      
    Ann E. Bergin, as
    Attorney-in-Fact


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