DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND
497, 2000-03-21
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                                                                 March 22, 2000

                DREYFUS INSTITUTIONAL SHORT TERM TREASURY FUND

                           SUPPLEMENT TO PROSPECTUS

                            DATED FEBRUARY 1, 2000

      Effective  March  22,  2000, Dreyfus Service Corporation became the fund's
distributor  and entitled to receive all fees payable by the fund under its Rule
12b-1 Plan.

                                                                       721s0300





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