May 20, 1994
DREYFUS BASIC MONEY MARKET FUND, INC.
DREYFUS BASIC U.S. GOVERNMENT
MONEY MARKET FUND
SUPPLEMENT TO PROSPECTUS
DATED MAY 20, 1994
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 Funds' manager, has entered
into an Agreement and Plan of Merger (the "Merger Agreement") providing
for the merger of Dreyfus with a subsidiary of Mellon Bank Corporation
("Mellon").
Following the merger, it is planned that Dreyfus will be a direct
subsidiary of Mellon Bank, N.A. Closing of this merger is subject to a
number of contingencies, including receipt of certain regulatory approvals
and approvals of the stockholders of Dreyfus and of Mellon. The merger is
expected to occur in mid-1994, but could occur significantly later.
As a result of regulatory requirements and the terms of the Merger
Agreement, Dreyfus will seek various approvals from each Fund's board
and shareholders before completion of the merger. Shareholder approval
will be solicited by a proxy statement.
--------------------------
The following information supplements and should be read in conjunction
with the section of the Funds' Prospectus entitled "Yield Information."
From time to time advertising materials for the Fund also may refer to
Value Line Mutual Fund Survey company ratings and related analyses
supporting the rating.
123/124stkr052094
