DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND
497, 2000-03-10
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                                                                 March 16, 2000

                DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND

                           SUPPLEMENT TO PROSPECTUS
                            DATED FEBRUARY 1, 2000

     Effective  March 16, 2000,  Dreyfus Service  Corporation  became the fund's
distributor and entitled to receive all fees payable by the fund attributable to
Investor Shares under its Rule 12b-1 Plan.

                                                                       721s0300





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