AMBAC TREASURERS TRUST
U.S. TREASURY MONEY MARKET FUND
U.S. GOVERNMENT MONEY MARKET FUND
Supplement Dated January 20, 1997 to Prospectus and Statement of
Additional Information,each Dated November 1, 1996
Effective December 31, 1996, AMBAC Investment Management, Inc., the
investment adviser of AMBAC U.S. Treasury Money Market Fund and AMBAC U.S.
Government Money Market Fund, has changed its name to Cadre Financial
Services, Inc. The principal offices of the investment adviser are now
located at 905 Marconi Avenue, Ronkonkoma, New York 11779.
