N-Q 1 form.htm FORM NQ form
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 
 
FORM N-Q 
 
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT 
INVESTMENT COMPANY 
 
Investment Company Act file number 811-21236 
 
Dreyfus Premier Stock Funds 
(Exact name of Registrant as specified in charter) 
 
 
c/o The Dreyfus Corporation 
200 Park Avenue 
New York, New York 10166 
(Address of principal executive offices) (Zip code) 
 
Mark N. Jacobs, Esq. 
200 Park Avenue 
New York, New York 10166 
(Name and address of agent for service) 
 
Registrant's telephone number, including area code: (212) 922-6000 

Date of fiscal year end:    9/30 
Date of reporting period:    6/30/06 

FORM N-Q

Item 1. Schedule of Investments.

Each series of Dreyfus Premier Stock Funds is a “feeder” fund that invests all of its assets in a “master” portfolio of the Mellon Institutional Funds Master Portfolio. The following schedule of investments for Dreyfus Premier Small Cap Equity Fund represents that of the Small Cap Portfolio, the following schedule of investments for Dreyfus Premier International Equity Fund represents that of the International Core Equity Portfolio and the following schedule of investments for Dreyfus Premier International Small Cap Fund represents that of the International Small Cap Portfolio.

Mellon Institutional Master Portfolio             
The Boston Company Small Capital    Value Portfolio             
Statement of Investments                 
June 30, 2006 (Unaudited)                 
 
Equities--95.3%        Shares        Value ($) 
Consumer Discretionary--11.2%                 
Big 5 Sporting Goods Corp.            209,594 a    4,087,083 
Charming Shoppes, Inc.            294,500 b    3,310,180 
Courier Corp.            66,430    2,658,529 
Cox Radio, Inc., Class A Shares            241,200 a,b    3,478,104 
Entercom Communications Corp.            110,000    2,877,600 
Gentex Corporation            210,200 a    2,942,800 
Hot Topic, Inc.            203,800 b    2,345,738 
Jos A Bank Clothiers, Inc.            84,100 a    2,015,036 
Kenneth Cole Productions, Class A Shares            89,300 a    1,994,069 
Keystone Automotive Industries, Inc.            71,600 a    3,022,952 
Lin TV Corp.            328,310 b    2,478,741 
Matthews International Corp., Class A            65,200 a    2,247,444 
OfficeMax, Inc.            79,200 a    3,227,400 
Red Lion Hotels Corp.            75,700 b    828,915 
Regis Corp.            137,800    4,907,058 
Ruby Tuesday            134,000 a    3,270,940 
Tenneco, Inc.            108,900 a,b    2,831,400 
Tuesday Morning Corp.            117,600 a    1,546,440 
Tupperware Brands Corp.            167,800    3,303,982 
Zale Corp.            112,600 b    2,712,534 
                56,086,945 
Consumer Staples--5.9%                 
BJ'S Wholesale Club, Inc.            128,000 a,b    3,628,800 
Casey's General Stores, Inc.            111,200 a    2,781,112 
J & J Snack Food Corp.            52,200 a    1,726,254 
Lance, Inc.            93,000 a    2,140,860 
Longs Drug Stores Corp.            87,900    4,009,998 
Ralcorp Holdings, Inc.            193,700    8,238,061 
Sanderson Farms, Inc.            140,300 a    3,926,997 
The Boston Beer Co., Inc.            99,900    2,926,071 
                29,378,153 
Energy--6.5%                 
CARBO Ceramics, Inc.            55,600    2,731,628 
Dril-Quip, Inc.            31,800 b    2,621,592 
Foundation Coal Holdings, Inc.            56,600    2,656,238 
Global Industries, Ltd.            217,400 a,b    3,630,580 
Oil States International, Inc.            150,200 a,b    5,148,856 
Tetra Technologies            132,500 a,b    4,013,425 
Universal Compression Holdings, Inc.            122,300 b    7,701,231 
Veritas DGC, Inc.            81,900 b    4,224,402 
                32,727,952 
Financial--20.2%                 
Alabama National Bancorp/Del            28,500 a    1,942,275 
American Financial Realty Trust REIT            230,400 a    2,230,272 
Annaly Mortgage Management, Inc.            381,300    4,884,453 
Aspen Insurance Holdings Ltd.            165,900    3,863,811 
Assured Guaranty Ltd            165,100    4,188,587 
BankAtlantic Bancorp, Inc.            478,200    7,096,488 
Capital Trust, Inc., Class A REIT            124,100 a    4,420,442 
Citizens Banking Corp.            118,500 a    2,892,585 
Education Realty Trust, Inc. REIT            210,800 a    3,509,820 
Financial Federal Corp.            167,450    4,656,785 
First Potomac Realty Trust REIT            98,500 a    2,934,315 
First Republic Bank            85,700    3,925,060 
Flushing Financial Corp.            109,700    1,970,212 
Horace Mann Educators Corp.            133,000    2,254,350 
Innkeepers USA Trust REIT            205,600 a    3,552,768 
Jones Lang Lasalle            61,200 a    5,358,060 
KMG America Corp.            146,600 a    1,300,342 
Lasalle Hotel Properties            79,900    3,699,370 
Lexington Corporate Properties Trust REIT            201,900 a    4,361,040 
Mission West Properties REIT            175,600    1,945,648 
Piper Jaffray Companies, Inc.            72,900 b    4,462,209 
Provident Bankshares Corp.            65,900    2,398,101 
Redwood Trust, Inc. REIT            85,000 a    4,150,550 
Scottish Re Group Ltd.ADR            225,200 a    3,756,336 
South Financial Group, Inc.            93,700    2,474,617 
Sterling Bancshares, Inc.            157,500 a    2,953,125 
Sterling Financial Corp.            79,200 a    2,416,392 
Strategic Hotels and Resorts, Inc.            128,700    2,669,238 
Triad Guaranty, Inc.            104,400 b    5,103,072 

        101,370,323 
Health Care--6.8%         
Amedisys, Inc.    97,800 a,b    3,706,620 
Chattem, Inc.    15,700 b    476,809 
Encore Medical Corp.    140,400 a,b    675,324 
Magellan Health Services, Inc.    103,000 a,b    4,666,930 
Medical Action Industries, Inc.    48,800 b    1,077,992 
Omnicell, Inc.    231,600 a,b    3,200,712 
Option Care, Inc.    528,000 a    6,325,440 
Pediatrix Medical Group, Inc.    86,500 a,b    3,918,450 
Phase Forward, Inc.    329,900 b    3,800,448 
RehabCare Group, Inc.    99,100 a,b    1,722,358 
Res-Care, Inc.    225,500 a,b    4,510,000 
        34,081,083 
Industrials--21.6%         
Adesa, Inc.    160,000    3,558,400 
AGCO Corp.    254,400 a,b    6,695,808 
Bowne & Co., Inc.    236,300 a    3,379,090 
Casella Waste Systems, Inc.    105,000 b    1,374,450 
Central Parking Corp.    205,300 a    3,284,800 
CIRCOR International, Inc.    126,000 a    3,841,740 
Clean Harbors, Inc.    107,600 a,b    4,337,356 
Comfort Systems USA, Inc.    174,400    2,492,176 
Consolidated Graphics, Inc.    41,400 a,b    2,155,284 
Corrections Corp. of America    63,700 a,b    3,372,278 
Electro Rent Corporation    116,500 a    1,866,330 
Enersys    102,300 a,b    2,138,070 
Esterline Technologies Corp.    154,000 b    6,404,860 
Granite Construction, Inc.    140,400    6,355,908 
GSI Group, Inc.    280,700 b    2,411,213 
II-VI, Inc.    198,600 a,b    3,634,380 
Infrasource Services, Inc.    113,100 a,b    2,059,551 
Labor Ready    150,800 b    3,415,620 
Laidlaw International, Inc.    189,800    4,782,960 
LECG Corp.    250,400 a,b    4,624,888 
McGrath Rentcorp.    97,000 a    2,697,570 
Mueller Water Products, Inc., Class A Shares    53,920 b    938,747 
Pike Electric Corp.    148,900 b    2,867,814 
School Specialty, Inc.    102,000 b    3,248,700 
Shaw Group Inc.    236,200 b    6,566,360 
The Brink's Co.    78,500    4,428,185 
Toro Co.    68,000    3,175,600 
United Rentals. Inc.    167,500 a,b    5,356,650 
Wabtec Corp.    91,900 a    3,437,060 
Waste Connections, Inc.    92,200 a,b    3,356,080 
        108,257,928 
Information Technology--16.1%         
Actel Corp.    155,400 a,b    2,229,990 
Avid Technology, Inc.    83,900 a,b    2,796,387 
Cabot Microelectronics    51,800 b    1,570,058 
Carrier Access Corp.    182,200 b    1,506,794 
Cirrus Logic, Inc.    225,900 b    1,838,826 
Comtech Telecommunications Corp.    115,500 a,b    3,380,685 
CSG Systems International , Inc.    164,200 a,b    4,062,308 
CyberOptics Corp.    61,900 b    800,986 
Electronics for Imaging, Inc.    166,300 a,b    3,472,344 
Emulex Corp.    234,100 b    3,808,807 
Entrust, Inc.    570,100 a,b    1,944,041 
Epicor Software Corp.    193,200 b    2,034,396 
EPIQ Systems, Inc.    141,100 a,b    2,347,904 
FEI Co.    188,200 b    4,268,376 
Filenet Corp.    127,400 b    3,430,882 
Foundry Networks, Inc.    304,200 b    3,242,772 
Net Gear, Inc.    163,100 a,b    3,531,115 
NIC, Inc.    418,600 b    3,026,478 
Perot Systems Corp., Class A    325,100 b    4,707,448 
PLATO Learning, Inc.    99,800 b    620,756 
Progress Software Corp.    114,300 b    2,675,763 
RSA Security, Inc.    284,200 a,b    7,727,398 
SafeNet, Inc.    175,800 a,b    3,115,176 
SI International, Inc.    79,100 b    2,425,206 
Sybase, Inc.    135,800 b    2,634,520 
Symmetricom, Inc.    267,500 b    1,891,225 
Tekelec    184,500 b    2,278,575 
WebEx Communications, Inc.    91,700 b    3,259,018 
        80,628,234 
Materials--5.2%         
AMCOL International Corp.    69,600    1,833,960 
Compass Minerals International, Inc.    95,500 a    2,382,725 

FMC Corp.            64,000    4,120,960 
Glatfelter            181,900 a    2,886,753 
Metal Management, Inc.            90,100    2,758,862 
Neenah Paper, Inc.            95,300    2,901,885 
RTI International Metals, Inc.            87,600 a,b    4,891,584 
Schweitzer-Mauduit International, Inc.            98,300 a    2,128,195 
Wausau Paper Corp.            175,600    2,186,220 
                    26,091,144 
Utilities--1.8%                 
El Paso Electric Co.            216,500 a,b    4,364,640 
PNM Resources, Inc.            191,100    4,769,854 
                    9,134,494 
Total Equities                 
    (cost $441,881,140)                477,756,256 
 
Short Term Investments - 0.1%                 
U.S. Government    Rate    Maturity    Principal Amount     
U.S. Treasury Bill (Cost $727,710)    4.75    9/14/2006    735,000 e,f    727,937 
 
Investment of Cash Collateral - 10.7%            Shares     
BlackRock Cash Strategies L.L.C.    5.14        53,432,682 c     
    (cost $53,432,682)                53,432,682 
 
Affiliated Investments - 5.3%                 
Dreyfus Institutional Preferred Plus Money Market Fund (Cost $26,323,003)    5.32        26,323,003 c, d    26,323,003 
 
 
Total Investments (cost $522,364,535)            111.4%    558,239,878 
Liabilities, Less Cash and Receivables            (11.4%)    (57,260,218) 
Net Assets            100.0%    500,979,660 
 
Notes to Schedule of Investments:                 
ADR - American Depository Receipts                 
a    Security, or a portion of thereof, was on loan at June 30, 2006.                 
b    Non-income producing security                 
c    Stated rate is the seven day yield for the fund at June 30, 2006.                 
d    Affilated institutional money market fund.                 
e    Denotes all or part of secruity pledged as collateral.                 
f    Rate noted is yield to maturity.                 

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

The cost and unrealized appreciation (depreciation) in value of the investment securities owned at June 30, 2006, as computed on a federal income tax basis, were as follows:

Aggregate cost        522,364,535         
Gross Unrealized appreciation        50,353,256         
Gross Unrealized depreciation        (14,477,913)         
Net unrealized appreciation/(depreciation)        35,875,343         
 
 
At June 30, 2006 the Fund held the following futures contracts:                 
 
 
Contract    Position    Expiration Date    Underlying Face    Unrealized Gain 
            Amount at Value     
 
Russell 2000 Index (51 Contracts)    Long    9/15/2006    $ 17,967,750    $ 685,271 

Mellon Institutional Funds Master Portfolio         
The Boston Company International Small Cap Portfolio     
Schedule of Investments         
June 30, 2006 (Unaudited)         
 
Equities--98.0%    Shares    Value ($) 
Australia--3.6%         
Cochlear Ltd.    115,310    4,678,553 
Downer EDI Ltd    754,200    4,167,474 
Oil Search Ltd.    1,067,800    3,251,526 
Oxiana Ltd.    5,291,200    12,418,087 
Pacific Brands Ltd.    1,509,200    2,409,898 
Ramsay Health Care Ltd.    445,300    3,178,261 
Record Investments Ltd.    965,300    8,854,065 
        38,957,864 
Austria--0.8%         
Boehler-Uddeholm    157,640    8,617,974 
 
Belgium--1.7%         
Delhaize Group    78,200    5,420,117 
Mobistar SA    41,700 a    3,308,876 
NV Union Miniere SA    44,360    5,922,358 
Option NV    151,500 a    3,632,591 
        18,283,942 
Canada--5.8%         
Astral Media, Inc.    154,000    4,816,211 
Canaccord Captial, Inc.    205,800    3,269,771 
Ensign Resource Service Group, Inc.    358,200    7,367,621 
Gildan Activewear, Inc.    132,100 a    6,252,631 
Inmet Mining Corp.    376,000    14,058,280 
IPSCO, Inc.    104,100    9,975,044 
Kingsway Financial Srvs    213,200    3,855,684 
Northbridge Financial    112,200    3,314,794 
Trican Well Service Ltd.    530,000    10,597,149 
        63,507,185 
Denmark--0.5%         
Jyske Bank A/S    89,100 a    5,165,483 
 
Finland--1.3%         
Rautaruukki Oyj    274,700    8,297,384 
YIT Oyj    236,000    5,785,445 
        14,082,829 
France--9.8%         
Alten    156,820 a    5,715,430 
April Group    74,160    3,980,259 
Bacou Dalloz    32,800    3,905,046 
bioMerieux    65,600    3,875,685 
Ciments Francais    30,350    5,041,624 
CNP Assurances    45,840    4,358,411 
Compagnie Generale de Geophysique SA    24,900 a    4,295,502 
Eiffage SA    68,024    5,758,678 
Euler Hermes SA    74,860    8,261,583 
Iliad SA    93,300    7,803,007 
Imerys SA    44,160    3,529,488 
Legardere SCA    48,840    3,603,745 
Natexis Banques Populaires    33,000    7,591,852 
Nexans SA    72,230    5,149,501 
Pierre & Vacances    34,900    3,824,801 
Pinguely-Haulotte    139,800    4,013,527 
Publicis Groupe    78,600    3,035,513 
Silicon-On-Insulator Technologies (SOITEC)    145,100 a    4,291,861 
SR Teleperformance    138,900    5,556,120 
Vallourec    8,250    9,917,094 
Vinci SA    37,040    3,815,392 
        107,324,119 
Germany--5.7%         
Continental AG    79,140    8,088,242 
Deutsche Boerse AG    57,770    7,867,823 

Deutsche Postbank AG    76,790    5,524,679 
Hugo Boss AG PFD    93,300    3,934,911 
Hypo Real Estate Holding    54,390    3,303,116 
Lanxess    100,100 a    3,950,323 
Leoni AG    116,090    4,366,088 
Man AG    77,800    5,633,160 
ProSiebenSat.1 Media AG --preferred    136,600    3,411,580 
Software AG    81,260    4,227,274 
Stada Arzneimittel AG    100,160    3,993,678 
Vivacon AG    191,500 a    4,300,272 
Wincor Nixdorf AG    28,620    3,658,096 
        62,259,242 
Hong Kong--2.1%         
China Overseas Land & Investment Ltd.    12,260,000 a    7,459,245 
Hengan International Group Co., Ltd.    5,327,400    8,677,776 
Solomon Systech (Intl)    12,716,900    3,209,519 
Wing Hang Bank Ltd.    401,400    3,514,705 
        22,861,245 
Ireland--1.5%         
C & C Group PLC    902,400    7,835,586 
Grafton Group PLC    317,870 a    4,003,948 
IAWS Group PLC    264,400    4,665,983 
        16,505,517 
Italy--4.6%         
Amplifon Spa    462,000    3,931,811 
Azimut Holding Spa    291,400    3,037,035 
Banca Popolare di Milano Scarl (BPM)    386,500    4,925,263 
Banco Popolare di Verona e Novara    308,860    8,274,625 
Credito Emiliano Spa    417,000    5,148,621 
Davide Campari-Milano Spa    510,450    5,290,648 
Fondiaria-Sai Spa    127,040    5,192,182 
Milano Assicurazioni Spa    746,850    5,448,685 
Recordati Spa    640,140    4,674,269 
Terna Spa    1,791,200    4,775,873 
        50,699,012 
Japan--19.1%         
Asahi Pretec Corp.    142,900    4,558,911 
Chiyoda Integre Co., Ltd.    110,800    2,915,025 
CKD Corp.    262,100    4,068,609 
Comsys Holdings Corp.    285,000    3,517,350 
Creed Corp    690    2,725,985 
Dainippon Screen Manufacturing Co., Ltd.    505,900    4,634,063 
Dainippon Sumitomo Pharma Co., Ltd.    313,000    3,515,471 
Don Quijote Co., Ltd.    155,700    3,524,718 
EXEDY Corp.    224,300    7,057,775 
Hitachi Construction Machinery Co., Ltd.    207,900    5,006,245 
Hitachi High-Technologies Corp.    195,600    5,949,550 
Izumi Co. Ltdronics, Inc.    159,200    5,802,500 
Japan Aviation Electronics Industry Ltd.    303,000    4,247,985 
Joint Corp.    196,400    6,403,042 
Katokichi Co., Ltd.    450,300    4,526,221 
Keihin Corp.    176,100    3,778,739 
Kenedix, Inc.    1,437    6,242,365 
Kyowa Exeo Corp.    508,000    6,562,573 
Leopalace21 Corp.    165,000    5,696,617 
Makita Corp.    129,300    4,091,128 
Mitsubishi Gas Chemical Co., Inc.    1,173,400    13,455,999 
Mitsubishi Rayon Co., Ltd.    506,000    4,121,947 
Mori Seiki Co., Ltd    177,200    3,833,319 
Nachi-Fujikoshi Corp.    801,000    4,515,733 
Nippon Shokubai Ltd.    508,000    6,211,800 
Nippon System Development Co., Ltd.    192,100    6,665,825 
Nissin Kogyo Co., Ltd.    101,800    1,877,441 
NTN Corp.    443,000    3,504,195 
OSG Corp.    191,800    3,230,475 
Rengo Co., Ltd.    634,400    4,796,399 
Ricoh Leasing Co., Ltd.    113,500    3,283,673 
Ryohin Keikaku    79,700    6,534,271 

Sumisho Lease Co., Ltd.    146,800    8,147,714 
Suruga Bank Ltd.    237,000    3,194,249 
Tamron Co., Ltd.    240,200    4,018,380 
Toho Pharmaceutical Co., LTD.    170,700    3,021,305 
Toshiba Machine Co., Ltd.    588,000    6,650,398 
Tsumura & Co.    188,000    5,356,874 
Ulvac, Inc.    122,200    4,176,226 
Urban Corp.    263,100    3,178,081 
XEBIO Co., Ltd.    147,050    5,025,483 
Yaskawa Electric Corp.    306,000    3,557,207 
Zeon Corp.    357,000    4,249,926 
        207,431,792 
Netherlands--4.5%         
Aalberts Industries NV    90,320    6,635,545 
Buhrmann NV    290,950    4,219,238 
DSM NV    123,500    5,142,259 
Fugro NV    173,400    7,477,205 
Koninklijke BAM Groep NV    401,550    7,979,823 
SBM Offshore NV    226,160    6,027,207 
Univar NV    125,300    5,936,656 
USG People NV    77,500    5,926,599 
        49,344,532 
Norway--2.1%         
Aker Yards AS    63,000    4,434,267 
Cermaq ASA    310,200    4,187,244 
Tandberg Television ASA    450,000 a    7,466,374 
TGS Nopec Geophysical Co. ASA    400,800 a    7,084,800 
        23,172,685 
Portugal--0.5%         
Banco BPI SA    710,050    5,393,591 
 
Singapore--1.0%         
Jurong Technologies Industrial    1,440,930    910,598 
MobileOne Ltd.    2,401,600    3,141,628 
Singapore Petroleum Co., Ltd.    952,000    3,038,170 
STATS ChipPAC Ltd.    6,171,000 a    3,880,274 
        10,970,670 
South Korea--3.3%         
Dongbu Insurance Co., Ltd.    310,600    7,795,297 
Hanmi Pharm Co., Ltd.    27,600    2,764,948 
Hyundai Department Store Co., Ltd.    48,200    3,725,678 
Hyundai Development Co.    101,300    4,379,732 
Hyundai Mipo Dockyard    57,100    5,720,236 
Intops Co., Ltd.    45,318    1,075,245 
LG Telecom Ltd.    233,800 a    3,057,176 
Pusan Bank    338,600    4,320,426 
Simm Tech Co., Ltd.    295,000    3,141,938 
        35,980,676 
Spain--3.9%         
ACS Actividades    187,270    7,809,471 
Banco Sabadell SA    187,260    6,549,452 
Enagas    213,790    4,560,223 
Fadesa Immobiliaria SA    153,060    5,249,562 
Immobiliaria Urbis SA    398,410    10,368,055 
Sol Melia SA    226,300    3,649,239 
Union Fenosa, SA    112,800    4,364,964 
        42,550,966 
Sweden--1.6%         
Getinge AB    189,000    3,218,754 
Nobia AB    225,500    7,335,882 
Wihlborgs Fastigheter AB    244,000    4,206,312 
WM-data AB    1,048,300    3,235,404 
        17,996,352 
Switzerland--5.3%         
Actelion Ltd.    43,200 a    4,351,791 
Banque Cantonale Vaudoise (BCV)    13,000    4,443,173 
Barry Callebaut AG    18,100 a    7,636,631 
Charles Voegele Holding AG    2,526 a    182,789 

Geberit AG    4,080    4,717,187 
Georg Fischer AG    10,200 a    4,378,577 
Kuoni Reisen Holding AG    10,900 a    6,113,982 
Phonak Holding AG    81,300    5,082,081 
Rieter Holding AG    13,960    5,364,841 
Sika AG    6,700 a    7,450,531 
Sulzer AG    6,700    5,018,152 
Valora Holding AG    14,658    3,176,100 
        57,915,835 
Ukraine--0.6%         
Michael Page International PLC    943,200    6,109,994 
 
United Kingdom--18.7%         
Admiral Group PLC    349,600    4,012,472 
Alliance Unichem PLC    257,100    4,856,260 
Amlin PLC    666,900    2,908,852 
Barratt Developments PLC    216,320    3,790,129 
Bodycote International    706,100    3,304,948 
British Airways PLC    956,600 a    6,059,779 
Burren Energy PLC    294,000    4,738,193 
Cattles PLC    744,300    4,529,213 
Charter PLC    461,210 a    6,874,673 
Chemring Group PLC    236,100    5,103,230 
Close Brothers Group PLC    380,660    6,409,211 
Cookson Group PLC    565,800    5,492,600 
Croda International PLC    677,400    5,430,423 
CSR PLC    366,500 a    8,534,803 
Enterprise Inns PLC    333,300    5,839,728 
First Choice Holidays PLC    1,359,314    5,746,850 
Greene King Plc    413,023    6,278,546 
Inchcape PLC    749,300    6,543,446 
Informa PLC    599,100    4,775,044 
International Power PLC    1,419,900    7,466,017 
Kier Group PLC    171,310    4,771,390 
Laird Group PLC    697,180    5,025,260 
Morgan Sindall PLC    267,100    5,637,531 
Northgate Information Solutions PLC    1,758,830    2,519,269 
Persimmon PLC    185,410    4,228,607 
Regus Group PLC    1,836,800 a    3,717,277 
Restaurant Group PLC    1,251,614    4,690,080 
Schroders PLC    165,950    3,097,759 
SIG PLC    396,130    6,442,722 
Speedy Hire PLC    361,130    5,840,104 
Sportingbet PLC    644,750    4,689,052 
Taylor Nelson Sofres PLC    1,012,600    4,360,565 
The Carphone Warehouse PLC    729,530    4,280,908 
Tullow Oil PLC    733,170    5,176,271 
United Business Media PLC    368,100    4,405,088 
Vedanta Resources PLC    275,800    6,947,668 
Victrex PLC    278,190    3,958,961 
Viridian Group PLC    163,265    2,886,204 
WH Smith PLC    459,690    4,137,547 
Wolfson Microelectronics PLC    481,600 a    3,983,167 
Wolverhampton & Dudley Brew PLC    208,400    4,957,072 
        204,446,919 
Total Equities (cost $848,107,314)        1,069,578,424 
 
Preferred Stocks--1.2%    Shares    Value ($) 
Germany         
Fresenius AG    38,700    6,446,015 
Henkel KGaA    57,900    6,616,440 
Total Preferred Stocks (cost $10,362,752)        13,062,455 
    Principal     
Short-Term Investments--0.4%    Amount ($)    Value ($) 
Affiliated Investments--0.4%         
Dreyfus Institutional Preferred Plus Money Market Fund     
5.17%, 7/3/06    3,484,165 b,c    3,484,165 
U.S. Government--0.0%         

U.S. Treasury Bill         
4.65%, 9/14/06    435,000 d,e    430,820 
Total Short-Term Investments (cost $3,914,867)        3,914,985 
 
Others--0.0%    Shares    Value ($) 
Hong Kong         
China Overseas Land Warrants (cost $0)    1,532,500 f    0 
 
Total Investments (cost $862,384,933)    99.6%    1,086,555,864 
Cash and Receivables (Net)    0.40%    4,766,797 
Net Assets    100.0%    1,091,322,661 
 
Notes to Schedule of Investment:         
ADR - American Depository Receipts         
GDR - Global Depository Receipts         
a Non-income producing security         
b Stated rate is the seven day yield for the fund at June 30, 2006.     
c Affiliated institutional money market fund.         
d Denotes all or part of security segregated as collateral for futures transactions.     
e Rate noted is yield to maturity.         
f Security valued at fair value using methods determined in good faith by or under the direction of the Board of Trustees. 

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

The cost and unrealized appreciation (depreciation) in value of the investment securities owned at June 30, 2006, as computed on a federal income tax basis, were as follows:

Aggregate cost        862,385,051                 
Gross Unrealized appreciation        243,347,307                 
Gross Unrealized depreciation        (19,176,376)                 
Net unrealized appreciation/(depreciation)    224,170,931                 
 
At June 30, 2006 the Portfolio held the following futures contracts:                     
 
 
Contract    Position    Expiration Date    Underlying Face    Unrealized Gain         
            Amount at Value             
MSCI Pan-Euro (150 Contracts)    Long    9/6/2006    $ 4,150,218    229,845         
Topix Futures (10 Contracts)    Long    9/6/2006    1,389,302    36,393         
                266,238         
 
 
At June 30, 2006 the Portfolio held the following forward foreign currency exchange contracts:             
    Local Principal    Contract Value    Value at June 30,    USD Amount to    Unrealized    Gain 
Contracts to Receive    Amount    Date    2006    Deliver         
Swiss Franc    25,728    7/3/2006    $21,037    $20,609        428 
 
 
 
    Local Principal    Contract Value    Value at June 30,    USD Amount to    Unrealized    Loss 
Contracts to Deliver    Amount    Date    2006    Receive         
Australian Dollar    200,000    7/3/2006 $ 148,540    $ 146,260    (2,280) 
Euro    270,776    7/3/2006    346,268    339,580    (6,688) 
Japanese Yen    188,986,401    7/3/2006    1,651,835    1,626,949    (24,886) 
Singapore Dollar    101,934    7/3/2006    64,417    63,848        (569) 
            2,211,060    2,176,637    (34,423) 

Mellon Institutional Funds Master Portfolio     
The Boston Company International Core Equity     
Statement of Investments         
June 30, 2006 (Unaudited)         
 
Equities--94.8%    Shares    Value ($) 
Australia--3.4%         
Caltex Australia Ltd.    371,000    6,502,784 
Commonwealth Bank of Australia    259,500    8,559,168 
CSL Ltd.    119,800    4,782,431 
Pacific Brands Ltd.    2,913,700    4,652,611 
QBE Insurance Group Ltd.    843,500    12,842,583 
Rinker Group Ltd.    1,327,800 a    16,163,114 
Telstra Corp. Ltd.    1,698,100    4,641,138 
        58,143,829 
Austria--1.2%         
Boehler-Uddeholm    174,300    9,528,754 
OMV AG    193,900    11,542,506 
        21,071,260 
Belgium--2.2%         
Delhaize Group    70,200    4,865,629 
InBev NV    301,600    14,791,061 
KBC Groupe    174,500    18,722,335 
        38,379,025 
Denmark--0.3%         
Danske Bank A/S    127,000    4,835,855 
Finland--2.8%         
Fortum Oyj    376,600    9,631,922 
Kesko Oyj    185,700    7,119,445 
Metso Corp.    169,900    6,163,897 
Nokia Oyj    855,300    17,456,372 
Rautaruukki Oyj    247,000    7,460,698 
        47,832,334 
France--10.3%         
BNP Paribas    267,700    25,623,757 
Bouygues SA    224,300    11,530,761 
Cap Gemini SA    166,700    9,514,043 
France Telecom SA    238,300    5,122,646 
Sanofi-Synthelabo SA    228,400    22,285,545 
Silicon-On-Insulator Technologies (SOITEC)    165,100 a    4,883,434 
Societe Generale    227,700    33,486,017 
Suez SA    157,200    6,533,389 
Total SA    304,320 b    20,022,509 
Vallourec    5,240 b    6,298,857 
Vinci SA    89,900    9,260,360 
Vivendi SA    590,600    20,694,104 
        175,255,422 
Germany--6.1%         
Bayerische Motoren Werke AG    91,800    4,585,403 
Continental AG    257,400    26,306,717 
Deutsche Bank AG    108,700    12,232,489 
Deutsche Telekom AG    328,800    5,289,506 
E On AG    158,000    18,188,577 
Heidelberger Druckmaschinen    77,800    3,536,892 
Man AG    98,800    7,153,679 
Merck KGaA    73,900    6,719,186 
SAP AG    28,150    5,939,706 
Thyssenkrupp AG    399,200    13,666,004 
        103,618,159 
Greece--0.6%         
Coca-Cola Hellenic Bottling Co. S.A.    334,200    9,957,837 
Hong Kong--1.4%         
Bank of East Asia Ltd.    1,462,000    6,014,795 
China Mobile Ltd.    2,378,800    13,600,144 
The Wharf(Holdings) Ltd.    1,100,000    3,909,348 
        23,524,287 
Ireland--0.8%         

C & C Group PLC    571,500    4,962,364 
CRH PLC    292,900    9,521,328 
        14,483,692 
Italy--3.1%         
AEM Spa    2,097,500    4,871,026 
Banca Intesa Spa    2,639,633    15,460,077 
Capitalia Spa    1,975,400    16,205,198 
Eni Spa    569,000    16,757,485 
        53,293,786 
Japan--21.7%         
Canon, Inc.    469,950    23,043,611 
Daiichi Sankyo Co., Ltd.    225,400    6,205,839 
Dainippon Sumitomo Pharma Co., Ltd.    397,300    4,462,289 
Daiwa Securities Group    1,024,400    12,212,932 
Diamond Lease Co., Ltd.    108,000    5,371,209 
East Japan Railway Co.    679    5,044,577 
Fujitsu Ltd.    1,251,300    9,701,102 
Honda Motor Co., Ltd.    789,800    25,058,771 
Kirin Beverage Corp.    20,800 a    599,948 
Kirin Brewery Co., Ltd.    321,000    5,047,452 
Komatsu Ltd.    1,350,000    26,844,244 
Kubota Corp.    1,922,000    18,227,165 
Makita Corp.    170,200    5,385,229 
Matsushita Electric Industrial Co., Ltd.    645,400    13,623,293 
Mitsubishi Corp.    418,000    8,348,309 
Mitsubishi Electric Corp.    1,380,000    11,060,746 
Mitsubishi Gas Chemical Co., Inc.    1,019,000    11,685,412 
Mizuho Financial Group, Inc.    1,771    14,999,554 
Nikon Corp.    294,000    5,134,271 
Nisshin Seifun Group Inc.    537,300    5,987,741 
Nomura Holdings Inc.    743,000    13,930,032 
NTT Corp.    3,067    15,038,782 
Orix Corp.    34,810    8,503,973 
Sankyo Co., Ltd.    141,000    8,959,619 
Sumco Corp.    131,900    7,516,721 
Sumitomo Electric Industries    670,800    9,826,596 
Sumitomo Metal Industries, Ltd.    3,371,000    13,907,106 
Sumitomo Mitsui Financial    462    4,886,111 
Sumitomo Trust & Banking Co., Ltd.    1,205,000    13,165,370 
Takeda Chemical Industries    164,200    10,218,547 
TDK Corp.    61,600    4,684,206 
Tokyo Electric Power Co.    187,000    5,164,933 
Tokyo Electron Ltd.    144,100    10,076,042 
Toshiba Corp.    909,000    5,934,997 
Toyo Suisan Kaisha Ltd.    380,900    5,966,024 
Toyota Motor Corp.    274,900    14,392,544 
        370,215,297 
Netherlands--3.6%         
ASM Lithography Holding NV    281,800 a    5,708,195 
Buhrmann NV    338,100    4,902,988 
DSM NV    274,800    11,442,048 
Fugro NV    126,400    5,450,512 
Ing Groep NV CVA    857,300    33,689,767 
        61,193,510 
New Zealand--0.3%         
Fletcher Building Ltd.    878,300    4,885,355 
Norway--1.9%         
DNB NOR ASA    858,100    10,652,304 
Norsk Hydro ASA    357,800    9,487,056 
Orkla ASA    256,200    11,877,694 
        32,017,054 
Spain--3.2%         
ACS Actividades    342,800    14,295,332 
Banco Santander Central Hispano SA    331,400    4,839,731 
Corp Mapfre SA    229,100    4,227,602 
Repsol YPF SA    284,900    8,157,351 
Telefonica SA    1,063,700    17,710,579 

Union Fenosa SA    142,500    5,514,250 
        54,744,845 
Sweden--2.8%         
Atlas Copco AB    305,700    8,499,930 
Nordea Bank AB    658,000    7,867,093 
Skandinaviska Enskilda    701,500    16,725,601 
Svenska Cellulosa AB-B    183,300    7,581,225 
Volvo    136,100    6,698,095 
        47,371,944 
Switzerland--6.4%         
Baloise Holdings    64,130    4,926,422 
Compagnie Financiere Richemont AG    242,200    11,090,106 
Credit Suisse Group    504,700    28,226,885 
Nestle SA    13,910    4,367,490 
Roche Holding AG    122,900    20,309,150 
Sulzer AG    15,940    11,938,708 
UBS AG    76,750 a    8,409,240 
Zurich Financial Services AG    94,390    20,683,990 
        109,951,991 
United Kingdom--22.7%         
Alliance Unichem PLC    459,900    8,686,869 
AstraZeneca PLC    101,900    6,147,143 
Aviva PLC    1,249,700    17,680,719 
Barclays PLC    1,290,090    14,651,796 
Barratt Developments PLC    694,400    12,166,538 
BG Group PLC    396,200    5,290,556 
BHP Billition    743,900    14,422,449 
BP PLC    2,495,700    29,082,145 
British Airways PLC    2,044,700 a    12,952,572 
British American Tobacco PLC    671,300    16,898,289 
BT Group PLC    2,094,000    9,259,288 
Enterprise Inns PLC    677,000    11,861,674 
GlaxoSmithKline PLC    970,700    27,108,061 
Greene King PLC    584,700    8,888,285 
HBOS PLC    1,430,200    24,846,979 
International Power PLC    3,756,100    19,750,058 
Marks & Spencer Group PLC    1,353,500    14,684,032 
National Grid PLC    1,228,900    13,286,830 
Old Mutual PLC    5,871,900    17,716,617 
Royal Bank of Scotland Group PLC    465,585    15,299,587 
Royal Dutch Shell PLC    202,200    6,801,450 
Royal Dutch Shell PLC    492,500    17,212,610 
Schroders PLC    261,700    4,885,107 
United Business Media PLC    679,200    8,128,051 
Vodafone Group PLC    8,059,400    17,166,929 
Wolseley PLC    244,100    5,382,167 
WPP Group PLC    824,400    9,972,329 
Xstrata PLC    526,400    19,944,301 
        390,173,431 
Total Equities         
(cost $1,512,740,628)        1,620,948,913 

Preferred Stocks--1.3%            Shares    Value ($) 
Germany                     
Fresenius AG                70,470    11,737,744 
Henkel KGaA                85,600    9,781,817 
Total Preferred Stocks                 
(cost $20,050,541)                    21,519,561 
                Principal     
Short-Term Investments--2.2%    Rate    Maturity    Amount ($)     
U.S. Government--0.2%                 
U.S. Treasury Bill (Cost $2,930,723)    4.75%    9/14/2006    2,960,000 e,f    2,931,554 
 
Investment of Cash Collaterals--0.0%            Shares     
BlackRock Cash Strategies L.L.C (Cost $48,788)    5.14        48,788 c    48,788 
Total Unaffiliated Investments (Cost $1,535,770,680)                1,645,448,816 
 
Affiliated Investments--2.0%                 
Dreyfus Institutional Preferred Plus Money Market Fund    5.32        33,831,035 c,d    33,831,035 
(Cost $33,831,035)                     
 
 
Total Investments (cost $1,569,601,715)            98.3%    1,679,279,851 
Cash and Receivables (Net)            1.7%    29,735,644 
Net Assets                100.0%    1,709,015,495 
 
 
Notes to Schedule of Investments:                 
a    Non-income producing security             
b    Security, or a portion of thereof, was on loan at 6/30/06.             
c    Stated rate is the seven day yield for the fund at June 30, 2006.             
d    Affilated institutional money market fund.             
e    Denotes all or part of security segregated as collateral for futures transactions.         
f    Rate noted is yield to maturity.             

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

The cost and unrealized appreciation (depreciation) in value of the investment securities owned             
at June 30, 2006, as computed on a federal income tax basis, were as follows:             
 
Aggregate cost    1,569,601,715                 
Gross Unrealized appreciation    124,817,268                 
 
Gross Unrealized depreciation    (15,139,132)                 
 
Net unrealized    109,678,136                 
appreciation/(depreciation)                     
 
 
At June 30, 2006 the Portfolio held the following futures contracts:             
 
        Underlying Face    Unrealized Gain     
        Amount at Value         
Contract    Position    Expiration Date             
MSCI Pan-Euro (570 Contracts)    Long    9/6/2006 $    15,770,827    460,672     
Topix Futures (85 Contracts)    Long    9/6/2006    11,809,064    595,642     
                1,056,314     
 
 
At June 30, 2006 the Portfolio held the following forward foreign currency exchange contracts:             
    Local Principal Amount    Value at June 30,    USD Amount to     
Contracts to Receive        Contract Value Date    2006    Deliver Unrealized Gain 
Swedish Krona    30,000,000    7/3/2006    $4,170,721    4,072,877 $    97,844 

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dreyfus Premier Stock Funds 
 
 
By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
Date:    August 17, 2006 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    Chief Executive Officer 
Date:    August 17, 2006 
 
 
By:    /s/ James Windels 
    James Windels
    Chief Financial Officer 
Date:    August 17, 2006 

EXHIBIT INDEX

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)