N-Q 1 form6000.htm FORM N-Q form6000
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    811-21327 

Dreyfus Premier Manager Funds II
(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) 

Michael A. Rosenberg, 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:    11/30 

Date of reporting period:    2/29/08 

FORM N-Q

Item 1.    Schedule of Investments. 

STATEMENT OF INVESTMENTS     
Dreyfus Premier Balanced Opportunity Fund     
February 29, 2008 (Unaudited)         
 
 
Common Stocks--63.3%    Shares    Value ($) 
Consumer Discretionary--5.4%         
Apollo Group, Cl. A    11,520 a    707,098 
Autoliv    15,800    788,420 
Best Buy    27,460 b    1,181,055 
Centex    13,390    297,124 
Discovery Holding, Cl. A    30,140 a    680,260 
Gap    110,190    2,222,532 
Johnson Controls    49,900 b    1,639,714 
Lowe's Cos.    29,900    716,703 
McDonald's    28,180    1,524,820 
News, Cl. A    149,630    2,754,688 
NVR    930 a,b    502,832 
Omnicom Group    84,760    3,786,229 
Ross Stores    22,940    638,879 
TJX Cos.    68,750    2,200,000 
Toll Brothers    25,560 a,b    542,128 
Viacom, Cl. B    60,970 a    2,423,557 
Walt Disney    56,300    1,824,683 
        24,430,722 
Consumer Staples--7.6%         
Altria Group    91,440    6,687,922 
Archer-Daniels-Midland    13,840    624,184 
Cadbury Schweppes, ADR    23,370    1,048,145 
Coca-Cola    18,810    1,099,633 
Coca-Cola Enterprises    28,310    691,613 
ConAgra Foods    81,630    1,804,023 
CVS Caremark    106,240    4,289,971 
Dean Foods    66,420 b    1,429,358 
Estee Lauder, Cl. A    24,370    1,037,675 
Kraft Foods, Cl. A    71,900    2,241,123 
Kroger    54,690    1,326,232 
Molson Coors Brewing, Cl. B    26,320 b    1,420,227 
Procter & Gamble    41,740    2,762,353 
Smithfield Foods    28,030 a    772,226 
SUPERVALU    54,490    1,430,362 
SYSCO    50,720    1,423,203 
Wal-Mart Stores    90,160    4,471,034 
        34,559,284 
Energy--9.8%         
Anadarko Petroleum    22,410    1,428,413 
Cameron International    31,640 a    1,344,067 
Chesapeake Energy    79,560 b    3,597,703 
Chevron    42,620    3,693,449 
ConocoPhillips    70,900    5,864,139 
Devon Energy    43,040    4,421,069 
El Paso    72,680 b    1,184,684 

ENSCO International    28,520    1,706,637 
EOG Resources    11,590    1,379,094 
Hess    18,160    1,692,149 
Marathon Oil    69,230    3,680,267 
Nabors Industries    37,850 a    1,193,410 
National Oilwell Varco    16,260 a    1,012,998 
Occidental Petroleum    51,500    3,984,555 
Valero Energy    37,170    2,147,311 
XTO Energy    103,747    6,402,227 
        44,732,172 
Exchange Traded Funds--.6%         
iShares Russell 1000 Value Index         
Fund    19,460 b    1,440,429 
Standard & Poor's Depository         
Receipts (Tr. Ser. 1)    10,980 b    1,469,344 
        2,909,773 
Financial--13.0%         
American International Group    38,780    1,817,231 
Ameriprise Financial    13,820    699,845 
AON    15,960    664,096 
Astoria Financial    25,320    662,624 
Bank of America    76,410    3,036,533 
Capital One Financial    8,680 b    399,540 
Chubb    80,820    4,113,738 
Citigroup    147,470    3,496,514 
CME Group    3,220    1,652,826 
Federal National Mortgage         
Association    30,690 b    848,578 
Fidelity National Financial, Cl. A    20,420    359,596 
First American    9,660    336,458 
Freddie Mac    9,810    247,016 
Genworth Financial, Cl. A    29,570    685,433 
Goldman Sachs Group    26,120    4,430,736 
Interactive Brokers Group, Cl. A    48,710 a    1,513,420 
Invesco    39,730 b    1,017,485 
JPMorgan Chase & Co.    218,830    8,895,440 
Lincoln National    20,870    1,066,666 
Merrill Lynch & Co.    32,010    1,586,416 
MetLife    66,140    3,853,316 
Morgan Stanley    53,870    2,269,004 
Northern Trust    23,800    1,609,594 
People's United Financial    40,490 b    682,661 
PNC Financial Services Group    43,610    2,678,962 
Principal Financial Group    15,980 b    882,575 
State Street    41,330    3,246,472 
TD Ameritrade Holding    38,870 a,b    711,321 
U.S. Bancorp    109,490    3,505,870 
Wells Fargo & Co.    70,070    2,048,146 
        59,018,112 
Health Care--6.6%         
Abbott Laboratories    49,500    2,650,725 
Amgen    9,630 a    438,358 

Baxter International    70,320    4,150,286 
Becton, Dickinson & Co.    11,070    1,000,949 
CIGNA    26,950    1,201,431 
Covidien    35,645    1,525,250 
Hospira    51,690 a    2,199,926 
Johnson & Johnson    48,020    2,975,319 
Merck & Co.    85,420    3,784,106 
Pfizer    55,120    1,228,074 
Schering-Plough    53,600    1,163,120 
St. Jude Medical    20,990 a    902,150 
Thermo Fisher Scientific    57,170 a    3,197,518 
Wyeth    83,930    3,661,027 
        30,078,239 
Industrial--6.9%         
Allied Waste Industries    68,290 a,b    706,119 
Deere & Co.    11,140    949,239 
Dover    47,350    1,965,497 
Eaton    43,350    3,495,310 
Emerson Electric    75,490    3,846,970 
General Electric    158,150    5,241,091 
Goodrich    20,700    1,226,061 
Honeywell International    27,150    1,562,211 
L-3 Communications Holdings    11,110    1,180,882 
Lockheed Martin    24,670    2,545,944 
Raytheon    30,040    1,947,794 
Terex    14,750 a    994,888 
Textron    22,760    1,232,909 
Tyco International    42,705    1,710,762 
Union Pacific    7,450    929,462 
US Airways Group    35,180 a    436,232 
Waste Management    44,060    1,446,490 
        31,417,861 
Information Technology--5.6%         
Accenture, Cl. A    20,690    729,323 
Amphenol, Cl. A    18,480    683,206 
Cisco Systems    101,700 a    2,478,429 
EMC    79,080 a    1,228,903 
Hewlett-Packard    63,450    3,031,007 
Intel    126,180    2,517,291 
International Business Machines    38,120    4,340,343 
McAfee    55,010 a    1,830,183 
Microsoft    143,340    3,901,715 
NCR    30,580 a,b    677,653 
Oracle    75,970 a    1,428,236 
QUALCOMM    66,880    2,833,706 
Western Union    1    21 
        25,680,016 
Materials--2.0%         
Air Products & Chemicals    20,933    1,911,811 
Allegheny Technologies    24,180    1,870,323 
Celanese, Ser. A    35,250    1,371,225 
Dow Chemical    18,510    697,642 

Freeport-McMoRan Copper & Gold            16,000    1,613,760 
Rohm & Haas            22,400 b    1,200,864 
Smurfit-Stone Container            73,140 a,b    581,463 
                9,247,088 
Telecommunication Services--2.5%             
AT & T            223,460    7,783,112 
Verizon Communications            105,350    3,826,312 
                11,609,424 
Utilities--3.3%                 
Constellation Energy Group            15,450 b    1,365,008 
Entergy            17,270    1,774,320 
Exelon            19,380    1,450,593 
FPL Group            16,130    972,478 
NRG Energy            54,550 a,b    2,251,279 
PG & E            40,690    1,532,385 
Questar            30,600    1,690,650 
Sempra Energy            53,480    2,841,392 
Southern            38,320    1,323,190 
                15,201,295 
Total Common Stocks                 
(cost $295,856,495)                288,883,986 
    Coupon    Maturity    Principal     
Bonds and Notes--35.8%    Rate (%)    Date    Amount ($)    Value ($) 
Asset-Backed Ctfs./Auto Receivables--.5%             
Americredit Prime Automobile                 
Receivables, Ser. 2007-1, Cl. B    5.35    9/9/13    210,000    214,676 
Americredit Prime Automobile                 
Receivables, Ser. 2007-1, Cl. C    5.43    2/10/14    230,000    226,622 
Capital One Auto Finance Trust,                 
Ser. 2007-C, Cl. A3A    5.13    4/16/12    960,000    895,853 
Ford Credit Auto Owner Trust,                 
Ser. 2007-A, Cl. C    5.80    2/15/13    170,000    160,690 
Hyundai Auto Receivables Trust,                 
Ser. 2007-A, Cl. A3A    5.04    1/17/12    335,000    341,368 
Wachovia Auto Loan Owner Trust,                 
Ser. 2007-1, Cl. D    5.65    2/20/13    735,000    633,960 
                2,473,169 
Asset-Backed Ctfs./Home Equity Loans--.0%             
Citicorp Residential Mortgage                 
Securities, Ser. 2007-2, Cl. M8    7.00    6/25/37    115,000 c    26,018 
Commercial Mortgage Pass-Through Ctfs.--2.9%             
Banc of America Commercial                 
Mortgage, Ser. 2003-1, Cl. A1    3.88    9/11/36    864,332    839,909 
Banc of America Commercial                 
Mortgage, Ser. 2002-2, Cl. A3    5.12    7/11/43    225,000    220,864 
Bear Stearns Commercial Mortgage                 
Securities, Ser. 2003-T12,                 
Cl. A3    4.24    8/13/39    595,000 c    582,006 
Crown Castle Towers,                 
Ser. 2006-1A, Cl. B    5.36    11/15/36    250,000 d    235,583 
Crown Castle Towers,                 
Ser. 2006-1A, Cl. C    5.47    11/15/36    665,000 d    608,993 

Crown Castle Towers,                 
Ser. 2006-1A, Cl. D    5.77    11/15/36    730,000 d    659,606 
CS First Boston Mortgage                 
Securities, Ser. 2005-C3,                 
Cl. A2    4.51    7/15/37    1,000,000    982,032 
GMAC Commercial Mortgage                 
Securities, Ser. 2003-C3,                 
Cl. A3    4.65    4/10/40    2,000,000    1,952,985 
Goldman Sachs Mortgage Securities                 
Corporation II, Ser. 2007-EOP,                 
Cl. E    3.62    3/6/20    475,000 c,d    452,919 
Goldman Sachs Mortgage Securities                 
Corporation II, Ser. 2007-EOP,                 
Cl. K    4.23    3/6/20    275,000 c,d    253,151 
JP Morgan Chase Commercial                 
Mortgage Securities,                 
Ser. 2004-C1, Cl. A2    4.30    1/15/38    895,000    861,592 
LB-UBS Commercial Mortgage Trust,                 
Ser. 2001-C3, Cl. A2    6.37    12/15/28    785,000    803,785 
Merrill Lynch Mortgage Trust,                 
Ser. 2002-MW1, Cl. A4    5.62    7/12/34    2,290,000    2,284,259 
Morgan Stanley Capital I,                 
Ser. 2006-HQ9, Cl. A3    5.71    7/12/44    1,550,000    1,519,754 
SBA CMBS Trust,                 
Ser. 2006-1A, Cl. D    5.85    11/15/36    261,000 d    236,450 
Sovereign Commercial Mortgage                 
Securities Trust,                 
Ser. 2007-C1, Cl. D    5.78    7/22/30    320,000 c,d    185,320 
TIAA Seasoned Commercial Mortgage             
Trust, Ser. 2007-C4, Cl. A3    6.10    8/15/39    350,000 c    347,345 
                13,026,553 
Consumer Discretionary--.1%                 
Lowe's Companies,                 
Sr. Unscd. Notes    5.60    9/15/12    110,000    116,922 
Macys Retail Holdings,                 
Gtd. Notes    5.35    3/15/12    200,000    194,260 
                311,182 
Consumer Staples--.2%                 
Kellogg,                 
Sr. Unscd. Notes    5.13    12/3/12    460,000    483,453 
Kraft Foods,                 
Sr. Unscd. Notes    6.00    2/11/13    105,000    110,684 
Kroger,                 
Gtd. Notes    6.15    1/15/20    130,000    134,699 
                728,836 
Energy--.1%                 
ConocoPhillips Canada,                 
Gtd. Notes    5.30    4/15/12    460,000    487,542 
Duke Energy Carolinas,                 
First Mortgage Bonds    5.25    1/15/18    95,000 b    97,832 
                585,374 
Financial--5.5%                 

Aegon Funding,                 
Gtd. Notes    5.75    12/15/20    900,000    864,316 
Allstate,                 
Jr. Sub. Debs.    6.50    5/15/57    225,000 b,c    187,355 
American International Group,                 
Sr. Unscd. Notes    5.38    10/18/11    465,000    475,597 
Ameriprise Financial,                 
Jr. Sub. Notes    7.52    6/1/66    225,000 c    212,625 
Amvescap,                 
Sr. Unscd. Notes    5.38    12/15/14    310,000    301,148 
Bank of America,                 
Sr. Unscd. Notes    4.38    12/1/10    665,000    685,896 
Boston Properties,                 
Sr. Unscd. Notes    5.63    4/15/15    925,000    890,046 
Capmark Financial Group,                 
Gtd. Notes    5.88    5/10/12    720,000 d    488,077 
Chuo Mitsui Trust & Banking,                 
Jr. Sub. Notes    5.51    12/29/49    600,000 c,d    505,407 
Citigroup,                 
Sr. Unscd. Notes    5.30    10/17/12    345,000    355,458 
Colonial Bank,                 
Sub. Notes    6.38    12/1/15    585,000    539,475 
Credit Suisse Guernsey,                 
Jr. Sub. Notes    5.86    5/29/49    556,000 c    492,610 
Erac USA Finance,                 
Gtd. Notes    7.00    10/15/37    480,000 d    401,656 
ERP Operating,                 
Sr. Unscd. Notes    4.75    6/15/09    290,000    288,786 
Federal Realty Investment Trust,             
Sr. Unscd. Bonds    5.65    6/1/16    550,000    518,630 
First Union,                 
Sub. Notes    6.38    1/15/09    440,000    448,250 
General Electric Capital,                 
Sr. Unscd. Notes    5.25    10/19/12    1,880,000    1,967,035 
Goldman Sachs Capital II,                 
Gtd. Bonds    5.79    12/29/49    475,000 c    355,234 
Goldman Sachs Group,                 
Sub. Notes    5.63    1/15/17    400,000    392,456 
HSBC Finance Capital Trust IX,             
Gtd. Notes    5.91    11/30/35    900,000 c    819,291 
Janus Capital Group,                 
Sr. Unscd. Notes    6.25    6/15/12    425,000    444,230 
Jefferies Group,                 
Sr. Unscd. Debs.    6.25    1/15/36    625,000    516,976 
Jefferies Group,                 
Sr. Unscd. Notes    7.75    3/15/12    550,000    606,120 
Kaupthing Bank,                 
Sub. Notes    7.13    5/19/16    275,000 d    216,355 
Lehman Brothers Holdings,                 
Sr. Notes    3.17    8/21/09    600,000 c    582,568 
Liberty Property,                 
Sr. Unscd. Notes    5.50    12/15/16    250,000    226,222 

M&T Bank,                 
Sr. Unscd. Bonds    5.38    5/24/12    595,000    616,066 
Mack-Cali Realty,                 
Sr. Unscd. Notes    5.80    1/15/16    925,000    944,092 
Marshall & Ilsley,                 
Sr. Unscd. Notes    5.63    8/17/09    955,000    981,874 
Merrill Lynch,                 
Sub. Notes    5.70    5/2/17    765,000    732,510 
MetLife,                 
Sr. Unscd. Notes    6.13    12/1/11    430,000    461,820 
MUFG Capital Finance I,                 
Bank Gtd. Bonds    6.35    7/29/49    910,000 c    798,712 
Pemex Project Funding Master                 
Trust, Gtd. Notes    5.75    3/1/18    410,000 d    419,840 
Pricoa Global Funding,                 
Notes    4.63    6/25/12    1,000,000 d    1,024,116 
Royal Bank of Scotland Group,                 
Jr. Sub. Bonds    6.99    10/29/49    1,345,000 c,d    1,298,166 
Shinsei Finance Cayman,                 
Jr. Sub. Secs.    6.42    1/29/49    600,000 c,d    481,611 
Simon Property Group,                 
Sr. Unscd. Notes    5.75    5/1/12    1,175,000    1,188,507 
SMFG Preferred Capital,                 
Sub. Bonds    6.08    1/29/49    188,000 c,d    164,299 
SunTrust Preferred Capital I,                 
Bank Gtd. Notes    5.85    12/31/49    700,000 c    563,689 
Zions Bancorporation,                 
Sub. Notes    5.50    11/16/15    700,000    656,396 
Zions Bancorporation,                 
Sub. Notes    6.00    9/15/15    1,150,000    1,113,844 
                25,227,361 
Foreign/Governmental--.1%                 
Republic of South Africa,                 
Sr. Unscd. Notes    5.88    5/30/22    365,000    342,480 
Health Care--.2%                 
American Home Products,                 
Sr. Unscd. Notes    6.95    3/15/11    475,000 c    517,638 
Teva Pharmaceutical Finance,                 
Gtd. Notes    6.15    2/1/36    240,000    239,158 
UnitedHealth Group,                 
Bonds    6.88    2/15/38    210,000    208,660 
                965,456 
Industrial--.4%                 
Atlas Copco,                 
Bonds    5.60    5/22/17    240,000 d    245,965 
Northrop Grumman,                 
Gtd. Notes    7.13    2/15/11    450,000    493,327 
Raytheon,                 
Sr. Unscd. Notes    5.50    11/15/12    475,000    508,686 
Rohm & Haas,                 
Sr. Unsub. Notes    5.60    3/15/13    145,000    151,470 
Waste Management,                 

Gtd. Notes    7.38    5/15/29    285,000    303,716 
Wellpoint,                 
Sr. Unscd. Notes    5.88    6/15/17    300,000    304,900 
                2,008,064 
Media & Telecommunications--.8%                 
Comcast,                 
Gtd. Notes    6.50    11/15/35    435,000    417,406 
France Telecom,                 
Sr. Unsub. Notes    8.50    3/1/31    375,000 c    479,050 
KPN,                 
Sr. Unsub. Notes    8.00    10/1/10    150,000    163,501 
KPN,                 
Sr. Unsub. Bonds    8.38    10/1/30    125,000    146,155 
News America,                 
Gtd. Notes    5.30    12/15/14    500,000    506,822 
Telefonica Emisiones,                 
Gtd. Notes    5.98    6/20/11    475,000    496,794 
Time Warner Cable,                 
Gtd. Notes    5.85    5/1/17    635,000    628,526 
Time Warner,                 
Gtd. Notes    6.75    4/15/11    535,000    560,736 
Verizon Communications,                 
Sr. Unscd. Notes    5.85    9/15/35    500,000    469,758 
                3,868,748 
Real Estate Investment Trusts--.3%                 
Avalonbay Communities,                 
Sr. Unscd. Notes    6.63    9/15/11    260,000    270,093 
Duke Realty,                 
Sr. Notes    5.88    8/15/12    980,000    949,592 
Regency Centers,                 
Gtd. Notes    5.88    6/15/17    400,000    372,359 
                1,592,044 
State/Territory Gen Oblg--.5%                 
City of New York,                 
GO, Ser. D    5.38    6/1/32    120,000 e    130,164 
City of New York,                 
GO, Ser. J    5.50    6/1/21    45,000 e    49,497 
Clark County School District,                 
GO, Ser. F (Insured; FSA)    5.50    6/15/17    60,000 f    65,048 
Clark County School District,                 
GO, Ser. F (Insured; FSA)    5.50    6/15/18    45,000 f    48,786 
Delware State Housing Authority,                 
SFMR D-2, Revenue Bonds    5.80    7/1/16    345,000    361,746 
Los Angeles Unified School                 
District, GO, Ser. A (Insured;                 
MBIA)    5.00    1/1/28    155,000    166,817 
New Jersey Health Care Facilities                 
Financing Authority, Revenue                 
Bonds (Meridan Health System                 
Obligated Group Issue)                 
(Insured; Assured Guaranty)    8.00    7/1/38    150,000 c    150,000 
New York State Urban Development,                 

Personal Income Tax-Ser. C-1,                 
Revenue Bonds    5.00    3/15/33    130,000    139,537 
New York State Urban Development,                 
Personal Income Tax-Ser. B,                 
Revenue Bonds    5.13    3/15/29    40,000    43,164 
State of Wisconsin,                 
GO, Ser. G (Insured; MBIA)    5.00    5/1/15    70,000    75,081 
Tobacco Settlement Finance                 
Authority of West Virginia,                 
Tobacco Settlement                 
Asset-Backed Bonds    7.47    6/1/47    1,070,000    1,052,880 
                2,282,720 
U.S. Government Agencies/Mortgage-Backed--15.6%             
Federal Home Loan Mortgage Corp.:                 
5.13%, 7/15/12            2,130,000    2,300,626 
5.50%, 4/1/22 - 3/1/37            4,299,741    4,358,235 
6.00%, 9/1/37 - 3/1/38            6,109,508    6,244,187 
Federal National Mortgage Association:             
6.00%            3,020,000 g    3,079,929 
4.50%, 1/1/21            5,555,586    5,562,857 
4.75%, 3/12/10            7,370,000    7,716,714 
5.00%, 8/1/20 - 2/1/37            12,251,964    12,137,055 
5.50%, 9/1/34 - 10/1/36            10,710,186    10,783,765 
6.00%, 5/1/33 - 1/1/38            6,112,457    6,249,465 
8.00%, 3/1/30            871    946 
Government National Mortgage Association I:             
Ser. 2006-19, Cl. A, 3.39%,                 
6/16/30            2,985,370    2,978,300 
Ser. 2004-103, Cl. A,                 
3.88%, 12/16/19            4,830,390    4,839,732 
Ser. 2007-52, Cl. A, 4.05%,                 
10/16/25            585,720    590,076 
Ser. 2006-66, Cl. A, 4.09%,                 
1/16/30            873,049    880,579 
Ser. 2007-34, Cl. A 4.27%,                 
11/16/26            2,965,178    2,994,910 
                70,717,376 
U.S. Government Securities--7.7%                 
U.S. Treasury Bonds    4.50    2/15/36    6,426,000 b    6,509,840 
U.S. Treasury Bonds    5.00    5/15/37    375,000 b    411,182 
U.S. Treasury Notes    3.63    12/31/12    9,390,000 b    9,874,909 
U.S. Treasury Notes    3.88    10/31/12    2,575,000 b    2,736,543 
U.S. Treasury Notes    4.13    8/31/12    2,770,000 b    2,972,559 
U.S. Treasury Notes    4.25    11/15/13    700,000    758,024 
U.S. Treasury Notes    4.50    5/15/17    4,215,000 b    4,541,995 
U.S. Treasury Notes    4.63    12/31/11    3,904,000 b    4,260,244 
U.S. Treasury Notes    4.75    8/15/17    2,125,000 b    2,330,196 
U.S. Treasury Notes    4.88    4/30/11    650,000 b    708,399 
                35,103,891 
Utilities--.9%                 
Appalachian Power,                 
Sr. Unscd. Notes, Ser. O    5.65    8/15/12    225,000    237,005 

Cleveland Electric Illumination,                 
Sr. Unscd. Notes    5.70    4/1/17    725,000    724,710 
Consolidated Edison,                 
Sr. Unscd. Debs., Ser. 07-A    6.30    8/15/37    495,000    502,581 
Enel Finance International,                 
Gtd. Notes    5.70    1/15/13    185,000 d    194,857 
Midamerican Energy Holdings,                 
Sr. Unscd. Bonds    6.50    9/15/37    475,000    494,447 
National Grid,                 
Sr. Unscd. Notes    6.30    8/1/16    550,000    575,309 
NiSource Finance,                 
Gtd. Notes    5.25    9/15/17    500,000    462,790 
Southern,                 
Sr. Unscd. Notes, Ser. A    5.30    1/15/12    670,000    703,361 
                3,895,060 
Total Bonds and Notes                 
(cost $161,507,607)                163,154,332 
            Principal     
Short-Term Investments--.7%            Amount ($)    Value ($) 
U.S. Government Agencies                 
Federal National Mortgage                 
Association, 2.68%, 3/18/08                 
(cost $3,016,185)            3,020,000    3,016,185 
 
Other Investment--1.1%            Shares    Value ($) 
Registered Investment Company;                 
Dreyfus Institutional Preferred                 
Plus Money Market Fund                 
(cost $5,043,000)            5,043,000 h    5,043,000 
Investment of Cash Collateral for                 
Securities Loaned--10.8%                 
Registered Investment Company;                 
Dreyfus Institutional Cash                 
Advantage Plus Fund                 
(cost $49,231,153)            49,231,153 h    49,231,153 
 
Total Investments (cost $514,654,440)            111.7%    509,328,656 
Liabilities, Less Cash and Receivables            (11.7%)    (53,212,196) 
Net Assets            100.0%    456,116,460 

ADR - American Depository Receipts 
a    Non-income producing security. 
b    All or a portion of these securities are on loan. At February 29, 2008, the total market value of the fund's securities on 
    loan is $47,623,742 and the total market value of the collateral held by the fund is $49,231,153. 
c    Variable rate security--interest rate subject to periodic change. 
d    Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in 
    transactions exempt from registration, normally to qualified institutional buyers. At February 29, 2008, these securities 
    amounted to $8,072,371 or 1.8% of net assets. 
e    These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are 
    collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the 
    municipal issue and to retire the bonds in full at the earliest refunding date. 
f    Purchased on a delayed delivery basis. 

g    Purchased on a forward commitment basis. 
h    Investment in affiliated money market mutual fund. 

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.

Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157), 
Fair Value Measurements. 
These inputs are summarized in the three broad levels listed below. 
Level 1 - quoted prices in active markets for identical securities. 
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, 
credit risk, etc.) 
Level 3 - significant unobservable inputs (including fund's own assumption in determining the fair value of investments). 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing 
in those securities. 

The following is a summary of the inputs used as of February 29, 2008 in valuing the fund's assets carried at fair value:

Valuation Inputs    Investments in Securities ($)    Other Financial Instruments* ($) 
Level 1 - Quoted Prices    343,158,139    0 
Level 2 - Other Significant Observable Inputs    166,170,517    0 
Level 3 - Significant Unobservable Inputs    0    0 
Total    509,328,656    0 
* Other financial instruments include futures, forwards and swap contracts.     

>
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.

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SSL-DOCS2 70180139v2

FORM N-Q

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.

General New York Municipal Money Market Fund

By:    /s/ J. David Officer 
    J. David Officer 
    President
 
Date:    April 22, 2008 

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/ J. David Officer 
    J. David Officer 
    President
 
Date:    April 22, 2008 

By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    April 22 , 2008 

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)

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