REICH & TANG ASSET MANAGEMENT L.P.
600 Fifth Avenue
New York, NY 10020-2302
August 9, 1995
VIA EDGAR TRANSMISSION
Securities & Exchange Commission
450 Fifth Street, N.W.
Washington, DC 20549
Re: Institutional Daily Income Fund
Registration Statement No. 33-74470
File No. 811-8312
Dear Sir or Madam:
As sponsor of the above-referenced Fund, we are writing this letter to certify
that:
(1) the form of Prospectus and Statement of Additional Information that
would have been filed under Rule 497(b) of the Securities Act of 1933,
do not differ from that contained in the most recent Post-Effective
Amendment to the Registration Statement on Form N-1A (the "Registration
Statement"), and
(2) the text of the most recent Registration Statement was filed
electronically with the Securities and Exchange Commission on July 28,
1995 and became effective on July 28, 1995 pursuant to Rule 485(b).
Institutional Daily Income Fund
REICH & TANG ASSET MANAGEMENT L.P.
BY:
Bernadette N. Finn
Authorized Signatory
