Sub-Item 77O

Rule 10f-3 Transactions

DREYFUS HIGH YIELD STRATEGIES FUND

On June 30, 2010, Dreyfus High Yield Strategies Fund (the “Fund”) purchased $1,870,000 of Insight Communications 9.375% Senior Notes Due 7/15/2018 - CUSIP # 45768VAD0 (the “Senior Notes”). The Senior Notes were purchased from BofA Merrill Lynch, a member of the underwriting syndicate offering the Senior Notes, from their account. BNY Mellon Capital Markets, LLC, an affiliate of the Fund, was a member of the syndicate but received no benefit in connection with the transaction. BofA Merrill Lynch received a commission of 1.91% per Senior Note. No other member received any economic benefit. The following is a list of the syndicate’s primary members:

Barclays Capital

BNY Mellon Capital Markets, LLC

BofA Merrill Lynch

Credit Agricole CIB

Credit Suisse

Fifth Third Securities, Inc.

J.P. Morgan

Morgan Stanley

RBS

UBS Investment Bank

US Bancorp

Accompanying this statement are materials made available to the Board of Trustees of the Fund, which ratified the purchase as in compliance with the Fund’s Rule 10f-3 Procedures, at the Fund’s Board meetings held on October 27-28, 2010.

 

                                                                  Sub-Item 77O

Rule 10f-3 Transactions

DREYFUS HIGH YIELD STRATEGIES FUND

On August 9, 2010, Dreyfus High Yield Strategies Fund (the “Fund”) purchased $2,575,000 of Ally Financial Inc. 7.5% Senior Guaranteed Notes Due 9/15/2020 - CUSIP # 02005NAA8 (the “Senior Notes”). The Senior Notes were purchased from Goldman, Sachs & Co. (“Goldman Sachs”), a member of the underwriting syndicate offering the Senior Notes, from their account. BNY Mellon Capital Markets, LLC, an affiliate of the Fund, was a member of the syndicate but received no benefit in connection with the transaction. Goldman, Sachs & Co. received a commission of 1.25% per Senior Note. No other member received any economic benefit. The following is a list of the syndicate’s primary members:

Blaylock Robert Van, LLC

BNP Paribas

BNY Mellon Capital Markets, LLC

BofA Merrill Lynch

CastleOak Securities, L.P.

Citi

Goldman, Sachs & Co.

RBC Capital Markets

RBS

Scotia Capital

UBS Investment Bank

Accompanying this statement are materials made available to the Board of Trustees of the Fund, which ratified the purchase as in compliance with the Fund’s Rule 10f-3 Procedures, at the Fund’s Board meetings held on October 27-28, 2010.