December 15, 1993
DREYFUS BASIC MONEY MARKET FUND, INC.
DREYFUS BASIC U.S. GOVERNMENT MONEY MARKET FUND
Supplement to Combined Prospectus Dated June 25, 1993
The following information supplements and should be read in
conjunction with the section of the Funds' Prospectus entitled "Management
of the Funds."
The Dreyfus Corporation ("Dreyfus"), each Fund's manager, has entered
into an Agreement and Plan of Merger providing for the merger of Dreyfus
with a subsidiary of Mellon Bank Corporation ("Mellon").
Upon closing of the merger, it is planned that Dreyfus will retain its
New York headquarters and will be a separate subsidiary within the Mellon
organization. It is expected that the Dreyfus management team and the
Dreyfus mutual fund managers will remain in place, and the Dreyfus mutual
funds will be operated in the same manner as they are currently.
Following the merger, Dreyfus will be either a direct or indirect
subsidiary of Mellon, whose principal banking subsidiary is Mellon Bank,
N.A. Closing of this merger is subject to a number of contingencies,
including the receipt of certain regulatory approvals and the approvals of
the stockholders of Dreyfus and of Mellon. The merger is expected to occur
in mid-1994, but could occur significantly later.
Because the merger will constitute an "assignment" of each Fund's
Management Agreement with Dreyfus under the Investment Company Act of 1940
and thus, a termination of each Agreement, Dreyfus will seek prior approval
from each Fund's Board and shareholders.
