Registration No. 33-74470
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 5
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. _____
Institutional Daily Income Fund
(Exact Name of Registrant as Specified in Charter)
600 Fifth Avenue, New York, New York 10020
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including Area Code: (212) 830-5200
Bernadette N. Finn
c/o Reich & Tang Asset Management L.P.
600 Fifth Avenue
New York, New York 10020
(Name and address of agent for service)
It is proposed that this filing will become effective (check appropriate box)
[X] immediately upon filing pursuant to paragraph (b)
[ ] on (date) pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)
[ ] on (date) pursuant to paragraph (a) of Rule 485
[ ] 75 days after filing pursuant to paragraph (a) (2)
[ ] on (date) pursuant to paragraph (a) (2) of Rule 485
<PAGE>
CALCULATION OF REGISTRATION FEE UNDER THE SECURITIES ACT OF 1933
- ----------------------------------------------------------------------
Proposed Proposed
Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Being Price per Offering Registration
Registered Registered Unit* Price** Fee**
SHARES OF
BENEFICIAL
INTEREST
$.01 par 24,570,366.00 $1.00 24,570,366.00 $8,472.54***
value
- ----------------------------------------------------------------------
* Estimated solely for the purposes of determining the amount of the
registration fee.
** Calculated pursuant to Rule 24e-2(a) under the Investment Company Act of
1940. 267,689,850.36 shares were redeemed during the fiscal year ended
March 31, 1995, none of which are being used for "reduction" in this
amendment, none of which were previously so used in filings pursuant to
Rule 24e-2 (a) or 24f-2(c) during the current fiscal year ending March 31,
1996.
*** Previously paid.
EXHIBIT: Opinion of Battle Fowler LLP (filed as an Exhibit to Post-Effective
Amendment No. 4 to Registration Statement on Form N-1A Reg. No. 33-74470 on
November 17, 1995 and incorporated herein by reference).
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, as amended, the Registrant certifies that it
meets all of the requirements for effectiveness of this Amendment to its
Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933
and has duly caused this Amendment to its Registration Statement to be signed on
its behalf by the undersigned, thereunto duly authorized, in the City of New
York, and State of New York, on the 7th day of December, 1995.
INSTITUTIONAL DAILY INCOME FUND
By: /S/Steven W. Duff
Steven W. Duff
President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by the following
persons in the capacities and on the dates indicated.
SIGNATURE CAPACITY DATE
(1) Principal Executive
Officer
/s/ Steven W. Duff President and
Steven W. Duff Director 12/07/95
(2) Principal Financial and
Accounting Officer
/s/ Richard De Sanctis
Richard De Sanctis Treasurer 12/07/95
(3) Majority of Trustees
W. Giles Mellon Director
Yung Wong Director
Robert Straniere Director
By: /s/ Bernadette N. Finn
Bernadette N. Finn 12/07/95
Attorney-in-Fact
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND> The schedule contains summary financial information
extracted from the financial statements and supporting
schedules as of the end of the most current period and is
qualified in its entirety by reference to such financial
statements.
</LEGEND>
<CIK> 0000918267
<NAME> Institutional Daily Income Fund
<SERIES>
<NUMBER> 1
<NAME> Money Market Portfolio
<S> <C>
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1995
<PERIOD-END> SEP-30-1995
<PERIOD-TYPE> YEAR
<INVESTMENTS-AT-COST> 76562322
<INVESTMENTS-AT-VALUE> 76562322
<RECEIVABLES> 85971
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 36301
<TOTAL-ASSETS> 76684594
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 326331
<TOTAL-LIABILITIES> 326331
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 76358263
<SHARES-COMMON-STOCK> 76358263
<SHARES-COMMON-PRIOR> 35856766
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 76358263
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 1655545
<OTHER-INCOME> 0
<EXPENSES-NET> 27795
<NET-INVESTMENT-INCOME> 1627750
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1627750
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1627750
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 237194199
<NUMBER-OF-SHARES-REDEEMED> 197792051
<SHARES-REINVESTED> 1099349
<NET-CHANGE-IN-ASSETS> 40501497
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 22231
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 98654
<AVERAGE-NET-ASSETS> 55881867
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .06
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .06
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> 3.5
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
