N-Q 1 form6016.htm FORM N-Q form6016
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 811-21386 
 
DREYFUS PREMIER MANAGER FUNDS 1 
(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:    3/31 
Date of reporting period:    12/31/07 

The following N-Q relates only to the Registrant’s series listed below and does not affect the other series of the Registrant, which has a different fiscal year end and, therefore, different N-CSR reporting requirements. A separate N-CSR Form will be filed for this series, as appropriate.

DREYFUS PREMIER MANAGER FUNDS I 
 
- BEAR STEARNS PRIME MONEY MARKET FUND 
- DREYFUS PREMIER ALPHA GROWTH FUND 
- DREYFUS PREMIER INTRINSIC VALUE FUND 
- DREYFUS PREMIER S&P STARS FUND 
- DREYFUS PREMIER S&P STARS OPPORTUNITY FUND 


FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS 
Bear Stearns Prime Money Market Fund 
December 31, 2007 (Unaudited) 

Negotiable Bank Certificates of Deposit--16.8%    Principal Amount ($)    Value ($) 



Banca Monte dei Paschi di Siena SpA (London)         
5.09%, 2/22/08    50,000,000    50,000,710 
Bank of Scotland PLC (Yankee)         
4.75%, 5/2/08    35,000,000    34,993,337 
Bank of Tokyo-Mitsubishi Ltd. (Yankee)         
4.77%, 4/30/08    40,000,000    40,000,000 
Mizuho Corporate Bank (Yankee)         
4.87%, 1/2/08    25,000,000    25,000,000 
Natixis (Yankee)         
4.77%, 5/2/08    25,000,000    25,000,000 
Toronto Dominion Bank (Yankee)         
4.75%, 4/15/08    15,000,000    15,000,000 
Total Negotiable Bank Certificates of Deposit         
(cost $189,994,047)        189,994,047 
Commercial Paper--20.6%         



Atlantic Asset Securitization LLC         
5.53%, 3/14/08    30,000,000 a    29,668,458 
Barclays U.S. Funding Corp.         
5.16%, 2/19/08    50,000,000    49,654,958 
Daimler Chrysler Revolving Auto Conduit LLC         
4.96%, 2/6/08    25,000,000    24,877,500 
DnB NOR Bank ASA         
4.74%, 3/31/08    25,000,000    24,709,375 
Fairway Finance Company LLC         
4.93%, 1/25/08    25,000,000 a    24,918,667 
FCAR Owner Trust, Ser. I         
5.08%, 2/21/08    40,000,000    39,716,667 
Skandinaviska Enskilda Banken AB         
5.16%, 4/11/08    40,000,000    39,435,522 
Total Commercial Paper         
(cost $232,981,147)        232,981,147 
Corporate Notes--23.6%         



Commonwealth Bank of Australia         
4.92%, 1/25/08    40,000,000 b    40,000,000 
Rabobank Nederland         
4.85%, 2/15/08    50,000,000 b    50,000,000 
Royal Bank of Scotland PLC         
4.94%, 12/21/07    40,000,000 b    40,000,000 
Societe Generale         
5.23%, 1/3/08    45,000,000 b    45,000,000 
Svenska Handelsbanken         
4.92%, 1/23/08    50,000,000 b    50,000,000 
Wells Fargo & Co.         
5.28%, 1/3/08    40,000,000 b    40,000,000 
Total Corporate Notes         
(cost $265,000,000)        265,000,000 


Promissory Note--3.5%         



Goldman Sachs Group Inc.         
5.07%, 6/17/08         
(cost $40,000,000)    40,000,000 c    40,000,000 
Time Deposits--14.4%         



Branch Banking & Trust Co. (Grand Cayman)         
0.75%, 1/2/08    50,000,000    50,000,000 
Key Bank U.S.A., N.A. (Grand Cayman)         
0.50%, 1/2/08    18,000,000    18,000,000 
Manufacturers & Traders Trust Company (Grand Cayman)         
0.25%, 1/2/08    50,000,000    50,000,000 
U.S. Bank NA (Grand Cayman)         
2.00%, 1/2/08    45,000,000    45,000,000 
Total Time Deposits         
(cost $163,000,000)        163,000,000 
Repurchase Agreements--21.2%         



Banc of America Securities LLC         
4.65%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,333 (fully collateralized by $39,523,021         
Corporate Bonds, 6.50%-7.50%, due 1/15/09-8/1/13,         
value $42,000,001)    40,000,000    40,000,000 
Credit Suisse (USA) Inc.         
4.65%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,333 (fully collateralized by $38,664,470         
Corporate Bonds, 4.90%-8%, due 5/16/08-8/10/22, value     
$41,202,385)    40,000,000    40,000,000 
Deutsche Bank Securities         
4.62%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,267 (fully collateralized by $44,091,659         
Corporate Bonds, 4.82%-7%, due 4/17/30-12/11/49,         
value $41,200,000)    40,000,000    40,000,000 
HSBC USA Inc         
4.60%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,222 (fully collateralized by $44,413,000         
Corporate Bonds, 4.50%-7.46%, due 2/20/09-5/15/47,         
value $42,001,951)    40,000,000    40,000,000 
Merrill Lynch & Co. Inc.         
4.65%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,333 (fully collateralized by $42,182,000         
Corporate Bonds, 5.40%-6.25%, due 9/15/11-3/1/16,         
value $41,200,001)    40,000,000    40,000,000 
UBS Securities LLC         
4.60%, dated 12/31/07, due 1/2/08 in the amount of         
$40,010,222 (fully collateralized by $44,595,000         
Corporate Bonds, 6.30%-6.90%, due 5/10/17-7/15/17,         
value $41,202,204)    40,000,000    40,000,000 
Total Repurchase Agreements         
(cost $240,000,000)        240,000,000 
Total Investments (cost $1,130,975,194)    100.1%    1,130,975,194 
Liabilities, Less Cash and Receivables    (.1%)    (1,135,870) 
Net Assets    100.0%    1,129,839,324 


a    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 December 31, 2007, these securities 
    amounted to $54,587,125 or 4.8% of net assets. 
b    Variable rate security--interest rate subject to periodic change. 
c    This note was acquired for investment, and not with the intent to distribute or sell. Security restricted as to public 
    resale. This security was acquired on 9/21/07 at a cost of $40,000,000. At December 31, 2007, the aggregate value of 
    this security was $40,000,000 representing 3.5% of net assets and is valued at amortized cost. 

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.


STATEMENT OF INVESTMENTS 
Dreyfus Premier Alpha Growth Fund 
December 31, 2007 (Unaudited) 

Common Stocks--100.0%    Shares    Value ($) 



Consumer Discretionary--17.4%         
Big Lots    390,100 a    6,237,699 
Coach    160,100 a    4,895,858 
Crocs    20,900 a    769,329 
Dailmer    182,038    17,408,294 
Darden Restaurants    120,500    3,339,055 
Guess?    68,400    2,591,676 
J.C. Penney    163,200    7,179,168 
McGraw-Hill Cos.    383,319    16,793,205 
Newell Rubbermaid    633,100    16,384,628 
Snap-On    31,600    1,524,384 
Starwood Hotels & Resorts         
Worldwide    324,100    14,270,123 
Time Warner    396,488    6,546,017 
Walt Disney    599,000    19,335,720 
        117,275,156 
Consumer Staples--4.6%         
ConAgra Foods    272,000    6,470,880 
Safeway    158,876    5,435,148 
Walgreen    498,900    18,998,112 
        30,904,140 
Energy--10.4%         
ENSCO International    213,679    12,739,542 
Murphy Oil    81,200    6,889,008 
Noble    237,900    13,443,729 
Smith International    397,312    29,341,491 
Transocean    54,126 a    7,748,137 
        70,161,907 
Financial--6.8%         
American International Group    289,000    16,848,700 
Charles Schwab    467,345    11,940,665 
Lehman Brothers Holdings    71,022    4,647,680 
Merrill Lynch & Co.    233,143    12,515,116 
        45,952,161 
Health Care--18.1%         
Baxter International    360,500    20,927,025 
Bristol-Myers Squibb    803,200    21,300,864 
Celgene    35,800 a    1,654,318 
Express Scripts    105,500 a    7,701,500 
Forest Laboratories    76,497 a    2,788,316 
Genzyme    26,000 a    1,935,440 
Medtronic    318,700    16,021,049 
Novo Nordisk, ADR    160,756    10,426,634 
Pfizer    263,400    5,987,082 
Schering-Plough    552,400    14,715,936 
St. Jude Medical    242,400 a    9,851,136 
UnitedHealth Group    137,800    8,019,960 
        121,329,260 
Industrial--11.2%         
Boeing    127,200    11,124,912 
Cameron International    119,800 a    5,765,974 
Hubbell, Cl. B    11,700    603,720 
Lockheed Martin    71,000    7,473,460 
Manitowoc    154,400    7,539,352 
Manpower    260,900    14,845,210 


Precision Castparts    176,641    24,500,107 
Sara Lee    94,900    1,524,094 
Union Pacific    17,600    2,210,912 
        75,587,741 
Information Technology--24.6%         
Agilent Technologies    117,200 a    4,305,928 
Apple    104,879 a    20,774,432 
Applied Materials    739,906    13,140,731 
Automatic Data Processing    411,400    18,319,642 
BMC Software    296,600 a    10,570,824 
CA    116,400    2,904,180 
Cognizant Technology Solutions,         
Cl. A    489,044 a    16,598,153 
Google, Cl. A    3,800 a    2,627,624 
Hewlett-Packard    495,425    25,009,054 
MEMC Electronic Materials    226,200 a    20,016,438 
Microsoft    465,034    16,555,210 
Seagate Technology    221,900    5,658,450 
Sun Microsystems    248,700 a    4,508,931 
Symantec    228,457 a    3,687,296 
        164,676,893 
Materials--3.7%         
BHP Billiton, ADR    37,900    2,654,516 
International Paper    160,400    5,193,752 
Monsanto    145,800    16,284,402 
Vulcan Materials    9,400    743,446 
        24,876,116 
Systems Software--1.0%         
Adobe Systems    60,000 a    2,563,800 
Cisco Systems    163,305 a    4,420,666 
        6,984,466 
Telecommunication Services--2.2%         
NII Holdings    51,100 a    2,469,152 
Qwest Communications International    1,795,300    12,585,053 
        15,054,205 
Total Common Stocks         
(cost $659,009,612)        672,802,045 
 
Other Investment--.8%         



Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $5,046,000)    5,046,000 b    5,046,000 
 
Total Investments (cost $664,055,612)    100.8%    677,848,045 
Liabilities, Less Cash and Receivables    (.8%)    (5,616,412) 
Net Assets    100.0%    672,231,633 

ADR - American Depository Receipts 
a    Non-income producing security. 
b    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.


STATEMENT OF INVESTMENTS 
Dreyfus Premier Intrinsic Value Fund 
December 31, 2007 (Unaudited) 

Common Stocks--100.1%    Shares    Value ($) 



Banking--18.6%         
Bank of America    162,095    6,688,040 
Citigroup    211,533    6,227,531 
U.S. Bancorp    94,400    2,996,256 
Wachovia    161,300    6,134,239 
Wells Fargo & Co.    133,800    4,039,422 
        26,085,488 
Consumer Discretionary--15.1%         
Centex    19,200 a    484,992 
D.R. Horton    60,800 a    800,736 
Gap    117,600    2,502,528 
Home Depot    249,400    6,718,836 
KB Home    47,300 a    1,021,680 
McGraw-Hill    41,500    1,818,115 
Pulte Homes    34,100 a    359,414 
Time Warner    37,000    610,870 
TJX Cos.    153,300    4,404,309 
Viacom, Cl. B    58,200 b    2,556,144 
        21,277,624 
Consumer Staples--9.6%         
Coca-Cola    34,500    2,117,265 
Procter & Gamble    50,100    3,678,342 
Wal-Mart Stores    160,900    7,647,577 
        13,443,184 
Financial--16.9%         
American International Group    115,600    6,739,480 
BB & T    86,800    2,662,156 
Countrywide Financial    263,400 a    2,354,796 
Fifth Third Bancorp    81,700    2,053,121 
Genworth Financial, Cl. A    29,800    758,410 
JPMorgan Chase & Co.    68,100    2,972,565 
Morgan Stanley    75,200    3,993,872 
XL Capital, Cl. A    44,700    2,248,857 
        23,783,257 
Health Care--11.6%         
Johnson & Johnson    106,500    7,103,550 
Pfizer    106,300    2,416,199 
Teva Pharmaceutical Industries,         
ADR    55,200    2,565,696 
UnitedHealth Group    72,700    4,231,140 
        16,316,585 
Industrial--6.8%         
3M    28,700    2,419,984 
General Electric    191,300    7,091,491 
        9,511,475 
Information Technology--19.6%         


Dell    186,000 b    4,558,860 
Hewlett-Packard    88,600    4,472,528 
International Business Machines    60,200    6,507,620 
Microsoft    208,500    7,422,600 
Nokia, ADR    76,600    2,940,674 
Texas Instruments    55,600    1,857,040 
        27,759,322 
Telecommunication Services--1.9%         
Sprint Nextel    199,700    2,622,061 
Total Common Stocks         
(cost $132,382,173)        140,798,996 
 
Investment of Cash Collateral for         
Securities Loaned--2.9%         



Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Plus Fund         
(cost $4,042,816)    4,042,816 c    4,042,816 
 
Total Investments (cost $136,424,989)    103.0%    144,841,812 
Liabilities, Less Cash and Receivables    (3.0%)    (4,242,938) 
Net Assets    100.0%    140,598,874 

ADR - American Depository Receipts 
a    All or a portion of these securities are on loan. At December 31, 2007, the total market value of the fund's securities on 
    loan is $3,951,540 and the total market value of the collateral held by the fund is $4,042,816. 
b    Non-income producing security. 
c    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.


STATEMENT OF INVESTMENTS 
Dreyfus Premier S&P Stars Fund 
December 31, 2007 (Unaudited) 

Common Stocks--97.4%    Shares    Value ($) 



Consumer Discretionary--15.2%         
Abercrombie & Fitch, Cl. A    310,000 a    24,790,700 
American Eagle Outfitters    1,000,000 a    20,770,000 
Denny's    5,650,000 a,b,c    21,187,500 
Kohl's    430,000 b    19,694,000 
News, Cl. A    1,070,000    21,924,300 
Nordstrom    620,000 a    22,772,600 
Staples    1,010,000    23,300,700 
        154,439,800 
Consumer Staples--2.7%         
Procter & Gamble    380,000    27,899,600 
Energy--7.3%         
Devon Energy    260,000 a    23,116,600 
Noble    440,000    24,864,400 
XTO Energy    520,000 a    26,707,200 
        74,688,200 
Financial--8.7%         
Affiliated Managers Group    210,000 a,b    24,666,600 
American International Group    350,000    20,405,000 
Moody's    490,000 a    17,493,000 
T. Rowe Price Group    430,000 a    26,178,400 
        88,743,000 
Health Care--19.4%         
Abbott Laboratories    400,000    22,460,000 
Bristol-Myers Squibb    733,200    19,444,464 
Cell Genesys    1,500,000 a,b    3,450,000 
Cephalon    290,000 a,b    20,810,400 
Genentech    300,000 a,b    20,121,000 
Genzyme    360,000 b    26,798,400 
Gilead Sciences    570,000 b    26,225,700 
McKesson    390,000    25,548,900 
Regeneron Pharmaceuticals    300,000 b    7,245,000 
WellPoint    290,000 b    25,441,700 
        197,545,564 
Industrial--9.1%         
Allegheny Technologies    230,000 a    19,872,000 
Cummins    200,000 a    25,474,000 
General Electric    650,000    24,095,500 
United Technologies    300,000    22,962,000 
        92,403,500 
Information Technology--21.6%         
Applied Materials    1,000,000 a    17,760,000 
Arris Group    2,100,000 a,b    20,958,000 
ASML Holding (NY Shares)    711,111 a,b    22,250,663 
Cymer    545,000 a,b    21,216,850 
eBay    740,000 b    24,560,600 
EMC    1,000,000 a,b    18,530,000 
Google, Cl. A    33,000 b    22,818,840 
Intel    810,000    21,594,600 
Oracle    1,300,000 b    29,354,000 
ValueClick    960,000 a,b    21,024,000 
        220,067,553 
Technology--11.2%         
Apple    135,000 b    26,740,800 


Cisco Systems    810,000 a,b    21,926,700 
NETGEAR    560,000 a,b    19,975,200 
Seagate Technology    830,000    21,165,000 
Western Digital    790,000 b    23,865,900 
        113,673,600 
Telecommunication Services--2.2%         
AT & T    550,000    22,858,000 
Total Common Stocks         
(cost $883,332,509)        992,318,817 
 
Other Investment--1.9%         



Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $19,527,000)    19,527,000 d    19,527,000 
 
Investment of Cash Collateral for         
Securities Loaned--11.7%         



Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Plus Fund         
(cost $119,296,430)    119,296,430 d    119,296,430 
 
Total Investments (cost $1,022,155,939)    111.0%    1,131,142,247 
Liabilities, Less Cash and Receivables    (11.0%)    (112,269,743) 
Net Assets    100.0%    1,018,872,504 

a    All or a portion of these securities are on loan. At December 31, 2007, the total market value of the fund's securities on 
    loan is $114,028,231 and the total market value of the collateral held by the fund is $119,296,430. 
b    Non-income producing security. 
c    Investment in non-controlled affiliates (cost $24,722,276). 
d    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.

STATEMENT OF SECURITIES SOLD SHORT     
December 31, 2007 (Unaudited)         
 
Common Stocks--2.2%    Shares    Value ($) 



USG         
(Proceeds $ 22,240,802)    615,000 a    22,010,850 

a    Non-income producing security. 


STATEMENT OF INVESTMENTS 
Dreyfus Premier S&P Stars Opportunities Fund 
December 31, 2007 (Unaudited) 

Common Stocks--98.9%    Shares    Value ($) 



Consumer Discretionary--14.3%         
Abercrombie & Fitch, Cl. A    82,000    6,557,540 
American Eagle Outfitters    250,500    5,202,885 
Best Buy    61,500 a    3,237,975 
Burger King Holdings    255,500 a    7,284,305 
Career Education    201,500 a,b    5,065,710 
Coach    95,000 a,b    2,905,100 
Goodrich    90,000    6,354,900 
PetSmart    206,500 a    4,858,945 
Quiksilver    362,000 b    3,105,960 
        44,573,320 
Consumer Staples--.7%         
Estee Lauder Cos., Cl. A    50,000    2,180,500 
Energy--12.3%         
Alpha Natural Resources    255,500 a,b    8,298,640 
Consol Energy    131,000    9,369,120 
ENSCO International    91,500 a    5,455,230 
Superior Energy Services    159,000 b    5,472,780 
Williams Cos.    136,000 a    4,866,080 
XTO Energy    100,000    5,136,000 
        38,597,850 
Financial--4.1%         
Affiliated Managers Group    51,000 a,b    5,990,460 
Eaton Vance    150,000 a    6,811,500 
        12,801,960 
Health Care--12.3%         
Celgene    100,000 a,b    4,621,000 
Cephalon    82,000 a,b    5,884,320 
Coventry Health Care    92,000 a,b    5,451,000 
Gilead Sciences    110,000 b    5,061,100 
Hologic    150,000 b    10,296,000 
Mindray Medical International, ADR    100,000    4,297,000 
Vertex Pharmaceuticals    123,500 a,b    2,868,905 
        38,479,325 
Industrial--15.9%         
C.H. Robinson Worldwide    102,500    5,547,300 
Continental Airlines, Cl. B    184,000 a,b    4,094,000 
Fastenal    140,000 a    5,658,800 
Harsco    117,500    7,528,225 
Jacobs Engineering Group    100,000    9,561,000 
Manitowoc    229,000    11,182,070 
W.W. Grainger    71,000    6,213,920 
        49,785,315 
Information Technology--25.0%         
Amdocs    141,000 b    4,860,270 
Arris Group    340,000 a,b    3,393,200 
Citrix Systems    163,500 b    6,214,635 
Emulex    285,000 b    4,651,200 
FactSet Research Systems    100,000 a    5,570,000 
Global Payments    120,500    5,605,660 
Harris    124,500    7,803,660 
Ingram Micro, Cl. A    343,000 b    6,187,720 
NETGEAR    175,000 b    6,242,250 
Nice Systems, ADR    154,000 b    5,285,280 
QLogic    205,000 b    2,911,000 
Satyam Computer Services, ADR    218,000 a    5,824,960 


Shanda Interactive Entertainment,         
ADR    160,000 b    5,334,400 
Western Digital    281,000 b    8,489,010 
        78,373,245 
Materials--9.9%         
Airgas    128,000    6,670,080 
AK Steel Holding    200,000 a,b    9,248,000 
Carpenter Technology    85,000    6,389,450 
FMC    159,500    8,700,725 
        31,008,255 
Telecommunication Services--1.3%         
Citizens Communications    307,000 a    3,908,110 
Utilities--3.1%         
AES    220,000 b    4,705,800 
Questar    92,000    4,977,200 
        9,683,000 
Total Common Stocks         
(cost $253,412,224)        309,390,880 
    Principal     
Short-Term Investments--.4%    Amount ($)    Value ($) 



U.S. Treasury Bills         
3.84%, 1/3/08         
(cost $1,299,723)    1,300,000    1,299,909 
 
Other Investment--.8%    Shares    Value ($) 



Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $2,450,000)    2,450,000 c    2,450,000 
 
Investment of Cash Collateral for         
Securities Loaned--17.2%         



Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Plus Fund         
(cost $53,785,730)    53,785,730 c    53,785,730 
 
Total Investments (cost $310,947,677)    117.3%    366,926,519 
Liabilities, Less Cash and Receivables    (17.3%)    (54,150,696) 
Net Assets    100.0%    312,775,823 

ADR - American Depository Receipts 
a    All or a portion of these securities are on loan. At December 31, 2007, the total market value of the fund's securities on 
    loan is $51,926,169 and the total market value of the collateral held by the fund is $53,785,730. 
b    Non-income producing security. 
c    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.


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. 


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.

Dreyfus Premier Manager Funds I 
 
By:    /s/ J. David Officer 
    J. David Officer
    President 
 
Date:    February 25, 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:    February 25, 2008 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    February 25, 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)