COMPARISON OF CHANGE IN VALUE OF $10,000,000 INVESTMENT IN
DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND INSTITUTIONAL
SHARES AND INVESTOR SHARES AND THE MERRILL LYNCH GOVERNMENTS,
U.S. TREASURY, SHORT-TERM (1-3 YEARS) INDEX
EXHIBIT A:
DREYFUS DREYFUS
MERRILL INSTITUTIONAL INSTITUTIONAL
LYNCH SHORT SHORT
GOVERNMENTS TERM TERM
U.S. TREASURY, TREASURY TREASURY
SHORT-TERM FUND FUND
(1-3 YEARS) (INSTITUTIONAL (INVESTOR
PERIOD INDEX* SHARES) SHARES)
10/29/93 10,000,000 10,000,000 10,000,000
9/30/94 10,096,045 10,284,036 10,312,543
9/30/95 10,931,865 11,152,591 11,155,305
9/30/96 11,545,505 11,825,104 11,797,886
9/30/97 12,341,095 12,562,145 12,502,518
9/30/98 13,324,968 13,511,905 13,414,569
9/30/99 13,754,666 13,906,253 13,773,194
9/30/00 14,550,608 14,695,948 14,519,607
*Source: Lipper Inc.
