DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND
497, 1996-05-10
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                                                              May 10, 1996
               DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND
                      SUPPLEMENT TO PROSPECTUS
                            DATED APRIL 1, 1996
        THE FOLLOWING INFORMATION SUPERSEDES ANY CONTRARY INFORMATION
CONTAINED IN THE SECTION OF THE FUND'S PROSPECTUS ENTITLED "MANAGEMENT OF THE
FUND-CUSTODIAN AND TRANSFER AND DIVIDEND DISBURSING AGENT."
        Mellon Bank, N.A., located at One Mellon Bank Center, Pittsburgh,
Pennsylvania 15258, serves as the Fund's Custodian.
721/680s051096








                                                                May 10, 1996



               DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND

              Supplement to Statement of Additional Information
                             dated April 1, 1996


     The following information supersedes any contrary information
contained in the section of the Fund's Statement of Additional Information
entitled "Transfer and Dividend Disbursing Agent, Custodian, Counsel and
Independent Auditors."

     Mellon Bank, N.A., One Mellon Bank Center, Pittsburgh, Pennsylvania
15258, is the Fund's Custodian.






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