Dreyfus Cash Management Funds Daily Values as of May 11, 2012.

Princeton, N.J., May 11 (Bloomberg) -- The following are the closing values for the Dreyfus Cash Management Funds as of May 11, 2012.

Name of the Fund Daily Weekly Maturity Assets Cusip # Yield% Yield% <days> <000’s> ________________________________________________________________ ____ _____________________INSTITUTIONAL SHARES___________________________ 0288 Dreyfus Cash Management, Institutional Shares

26188J-20-6 0.10 0.10 41 21,098,474

(MILLRATE: .000008337)

0289 Dreyfus Government Cash Management, Institutional Shares

262006-20-8 0.00 0.00 54 13,632,704

(MILLRATE: .000000003)

0227 Dreyfus Government Prime Cash Management, Institutional Shares

262006-88-5 0.00 0.00 54 3,600,008

(MILLRATE: .000000003)

0521 Dreyfus Treasury & Agency Cash Management, Institutional Shares

261908-10-7 0.01 0.01 53 14,924,751

(MILLRATE: .000000822)

0761 Dreyfus Treasury Prime Cash Management, Institutional Shares

261941-10-8 0.00 0.00 55 18,891,835

(MILLRATE: .000000003)

0132 Dreyfus Municipal Cash Management Plus, Institutional Shares

261950-10-9 0.02 0.03 25 292,294

(MILLRATE: .000002016)

0264 Dreyfus Tax Exempt Cash Management Funds

26202K-20-5 0.00 0.00 26 1,998,403

(MILLRATE: .000000230)

0287 Dreyfus New York Municipal Cash Management, Institutional Shares

261954-10-1 0.02 0.03 22 290,327

(MILLRATE: .000001887)

0099 Dreyfus Institutional Cash Advantage Fund, Institutional Advantage Shares

26200V-10-4 0.14 0.14 37 20,682,251

(MILLRATE: .000011707)

6139 Dreyfus Liquid Assets, Inc., Class 2 Shares

262015-20-9 0.02 0.02 17 1,651,507

(MILLRATE: .000001413)

6188 Dreyfus California AMT-Free Municipal Cash Management, Institutional Shares

26202K-70-0 0.03 0.03 28 158,733

(MILLRATE: .000002501)

________________________INVESTOR SHARES_____________________________ 0670 Dreyfus Cash Management, Investor Shares

26188J-30-5 0.00 0.00 41 3,075,672

(MILLRATE: .000000003)

0672 Dreyfus Government Cash Management, Investor Shares

262006-30-7 0.00 0.00 54 1,482,573

(MILLRATE: .000000003)

0610 Dreyfus Government Prime Cash Management, Investor Shares

262006-70-3 0.00 0.00 54 492,823

(MILLRATE: .000000003)

0673 Dreyfus Treasury & Agency Cash Management, Investor Shares

261908-20-6 0.01 0.01 53 2,317,293

(MILLRATE: .000000822)

0674 Dreyfus Treasury Prime Cash Management, Investor Shares

261941-20-7 0.00 0.00 55 4,122,279

(MILLRATE: .000000003)

0676 Dreyfus Municipal Cash Management Plus, Investor Shares

261950-20-8 0.00 0.00 25 235,807

(MILLRATE: .000000003)

0675 Dreyfus Tax Exempt Cash Management Funds

26202K-30-4 0.00 0.00 26 364,482

(MILLRATE: .000000003)

0677 Dreyfus New York Municipal Cash Management, Investor Shares

261954-20-0 0.00 0.00 22 210,413

(MILLRATE: .000000003)

0100 Dreyfus Institutional Cash Advantage Fund, Investor Advantage Shares

26200V-30-2 0.00 0.00 37 10,351

(MILLRATE: .000000003)

6189 Dreyfus California AMT-Free Municipal Cash Management, Investor Shares

26202K-80-9 0.00 0.00 28 217,800

(MILLRATE: .000000003)

_____________________ADMINISTRATIVE SHARES__________________________ 0566 Dreyfus Cash Management, Administrative Shares

26188J-40-4 0.01 0.00 41 885,472

(MILLRATE: .000000427)

0567 Dreyfus Government Cash Management, Administrative Shares

262006-40-6 0.00 0.00 54 1,020,370

(MILLRATE: .000000003)

0557 Dreyfus Government Prime Cash Management, Administrative Shares

262006-80-2 0.00 0.00 54 505,600

(MILLRATE: .000000003)

0568 Dreyfus Treasury & Agency Cash Management, Administrative Shares

261908-30-5 0.01 0.01 53 617,266

(MILLRATE: .000000822)

0582 Dreyfus Treasury Prime Cash Management, Administrative Shares

261941-30-6 0.00 0.00 55 624,188

(MILLRATE: .000000003)

0584 Dreyfus Municipal Cash Management Plus, Administrative Shares

261950-30-7 0.00 0.00 25 210,119

(MILLRATE: .000000003)

0583 Dreyfus Tax Exempt Cash Management Funds

26202K-40-3 0.00 0.00 26 69,860

(MILLRATE: .000000003)

0585 Dreyfus New York Municipal Cash Management, Administrative Shares

261954-30-9 0.00 0.00 22 26,549

(MILLRATE: .000000003)

0093 Dreyfus Institutional Cash Advantage Fund, Administrative Advantage Shares

26200V-20-3 0.07 0.07 37 678,336

(MILLRATE: .000005971)

6187 Dreyfus California AMT-Free Municipal Cash Management, Administrative Sh

26202K-88-2 0.00 0.00 28 2,492

(MILLRATE: .000000003)

_______________________SERVICE SHARES___________________________ 6183 Dreyfus Treasury & Agency Cash Management, Service Shares

261908-50-3 0.01 0.01 53 27,909

(MILLRATE: .000000822)

_______________________SELECT SHARES___________________________ 6184 Dreyfus Treasury & Agency Cash Management, Select Shares

261908-60-2 0.01 0.01 53 19,318

(MILLRATE: .000000822)

_______________________PARTICIPANT SHARES___________________________ 0596 Dreyfus Cash Management, Participant Shares

26188J-50-3 0.00 0.00 41 791,343

(MILLRATE: .000000003)

0597 Dreyfus Government Cash Management, Participant Shares

262006-50-5 0.00 0.00 54 228,261

(MILLRATE: .000000003)

0587 Dreyfus Government Prime Cash Management, Participant Shares

262006-60-4 0.00 0.00 54 200,394

(MILLRATE: .000000003)

0598 Dreyfus Treasury & Agency Cash Management, Participant Shares

261908-40-4 0.01 0.01 53 835,341

(MILLRATE: .000000822)

0592 Dreyfus Treasury Prime Cash Management, Participant Shares

261941-40-5 0.00 0.00 55 2,944,489

(MILLRATE: .000000003)

0594 Dreyfus Municipal Cash Management Plus, Participant Shares

261950-40-6 0.00 0.00 25 23,768

(MILLRATE: .000000003)

0593 Dreyfus Tax Exempt Cash Management Funds

26202K-50-2 0.00 0.00 26 12,857

(MILLRATE: .000000003)

0595 Dreyfus New York Municipal Cash Management, Participant Shares

261954-40-8 0.00 0.00 22 9,652

(MILLRATE: .000000003)

0094 Dreyfus Institutional Cash Advantage Fund, Participant Advantage Shares

26200V-40-1 0.00 0.00 37 157,403

(MILLRATE: .000000003)

6190 Dreyfus California AMT-Free Municipal Cash Management, Participant Shares

26202K-60-1 0.00 0.00 28 39,839

(MILLRATE: .000000003)

FOR FURTHER INFORMATION ON DREYFUS CASH MANAGEMENT FUNDS AND THE DREYFUS ELECTRONIC TRADING SYSTEM TYPE DREY AND HIT GO BUTTON. TO SPEAK TO A DREYFUS INSTITUTIONAL CLIENT ADMINISTRATOR, PLEASE CALL (800)346-3621 OR (718)895-1650.

Anibal Arrascue in the Bloomberg Princeton office. (609)279-5084

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