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			811-01018
	Dreyfus Funds, Inc.
	(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)
	Bennett A. MacDougall, Esq. 200 Park Avenue New York, New York  10166
	(Name and address of agent for service)
Registrant's telephone number, including area code:				(212) 922-6400
Date of fiscal year end:		12/31
Date of reporting period:		3/31/16

FORM N-Q

Item 1.                         Schedule of Investments.

STATEMENT OF INVESTMENTS
Dreyfus Mid-Cap Growth Fund
March 31, 2016 (Unaudited)

Common Stocks - 96.5%	Shares		Value ($)
Automobiles & Components - 1.1%
Gentex	87,056	a	1,365,909
Banks - 3.0%
First Republic Bank	29,129		1,941,157
Webster Financial	56,254		2,019,519
			3,960,676
Capital Goods - 8.9%
Allegion	41,559		2,647,724
Allison Transmission Holdings	50,047		1,350,268
BWX Technologies	51,584		1,731,159
Nordson	25,979		1,975,443
Snap-on	12,165		1,909,783
Textron	54,855		2,000,013
			11,614,390
Commercial & Professional Services - 2.0%
Copart	62,354	b	2,542,173
Consumer Durables & Apparel - 5.3%
Jarden	50,255	b	2,962,532
Kate Spade & Company	79,195	b	2,021,056
PVH	18,858		1,868,073
			6,851,661
Consumer Services - 1.6%
Panera Bread, Cl. A	10,267	a,b	2,102,990
Diversified Financials - 1.2%
CBOE Holdings	24,751		1,616,983
Energy - 3.6%
FMC Technologies	92,659	b	2,535,150
Gulfport Energy	74,361	b	2,107,391
			4,642,541
Exchange-Traded Funds - .6%
iShares Russell Mid-Cap Growth ETF	8,162		752,210
Food, Beverage & Tobacco - 3.3%
Molson Coors Brewing, Cl. B	30,386		2,922,525
WhiteWave Foods, Cl. A	33,113	b	1,345,712
			4,268,237

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Common Stocks - 96.5% (continued)	Shares		Value ($)
Health Care Equipment & Services - 17.8%
Align Technology	45,412	b	3,300,998
athenahealth	14,097	a,b	1,956,382
Boston Scientific	166,086	b	3,124,078
Centene	46,028	b	2,833,944
Cooper	20,169		3,105,421
DENTSPLY SIRONA	39,867		2,457,003
IMS Health Holdings	53,236	b	1,413,416
Laboratory Corporation of America Holdings	22,178	b	2,597,709
VCA	41,971	b	2,421,307
			23,210,258
Insurance - 2.3%
FNF Group	89,979		3,050,288
Materials - 1.6%
Scotts Miracle-Gro, Cl. A	28,201		2,052,187
Media - 1.3%
IMAX	55,978	b	1,740,356
Pharmaceuticals, Biotechnology & Life Sciences - 2.8%
Jazz Pharmaceuticals	15,055	b	1,965,430
Perrigo	12,943		1,655,798
			3,621,228
Real Estate - 1.6%
Extra Space Storage	22,794	c	2,130,327
Retailing - 10.4%
Expedia	22,160		2,389,291
Liberty Interactive, Cl. A	106,858	b	2,698,164
LKQ	92,034	b	2,938,646
Sally Beauty Holdings	107,198	b	3,471,071
Ulta Salon Cosmetics & Fragrance	10,336	b	2,002,497
			13,499,669
Semiconductors & Semiconductor Equipment - 4.9%
Mellanox Technologies	83,853	b	4,555,734
Skyworks Solutions	23,231		1,809,695
			6,365,429
Software & Services - 13.6%
Akamai Technologies	34,278	b	1,904,828
ANSYS	17,741	b	1,587,110
Booz Allen Hamilton Holdings	90,301		2,734,314
Fidelity National Information Services	38,786		2,455,542
Intuit	19,091		1,985,655
Paychex	35,461		1,915,249

Common Stocks - 96.5% (continued)	Shares		Value ($)
Software & Services - 13.6% (continued)
Science Applications International	40,626		2,166,991
Splunk	58,863	b	2,880,167
			17,629,856
Technology Hardware & Equipment - 6.5%
Amphenol, Cl. A	49,249		2,847,577
FLIR Systems	96,722		3,186,990
Trimble Navigation	97,363	b	2,414,602
			8,449,169
Transportation - 3.1%
CH Robinson Worldwide	31,547		2,341,734
J.B. Hunt Transport Services	19,852		1,672,332
			4,014,066
Total Common Stocks (cost $113,749,807)			125,480,603
Other Investment - 3.9%	Shares		Value ($)
Registered Investment Company;
Dreyfus Institutional Preferred Plus Money Market Fund
(cost $5,051,290)	5,051,290	d	5,051,290
Investment of Cash Collateral for Securities Loaned - 1.1%
Registered Investment Company;
Dreyfus Institutional Cash Advantage Fund
(cost $1,493,823)	1,493,823	d	1,493,823
Total Investments (cost $120,294,920)	101.5	%	132,025,716
Liabilities, Less Cash and Receivables	(1.5	%)	(1,975,299	)
Net Assets	100.0	%	130,050,417

ETF—Exchange-Traded Fund

^a Security, or portion thereof, on loan. At March 31, 2016, the value of the fund’s securities on loan was $3,229,394 and the value of 

the collateral held by the fund was $3,303,064, consisting of cash collateral of $1,493,823 and U.S. Government & Agency 

securities valued at $1,809,241. 

^b Non-income producing security. 

^c Investment in real estate investment trust. 

^d Investment in affiliated money market mutual fund. 

STATEMENT OF INVESTMENTS (Unaudited) (continued)

Portfolio Summary (Unaudited)†	Value (%)
Health Care Equipment & Services	17.8
Software & Services	13.6
Retailing	10.4
Capital Goods	8.9
Technology Hardware & Equipment	6.5
Consumer Durables & Apparel	5.3
Money Market Investments	5.0
Semiconductors & Semiconductor Equipment	4.9
Energy	3.6
Food, Beverage & Tobacco	3.3
Transportation	3.1
Banks	3.0
Pharmaceuticals, Biotechnology & Life Sciences	2.8
Insurance	2.3
Commercial & Professional Services	2.0
Consumer Services	1.6
Materials	1.6
Real Estate	1.6
Media	1.3
Diversified Financials	1.2
Automobiles & Components	1.1
Exchange-Traded Funds	.6
	101.5
† Based on net assets.
See notes to financial statements.

STATEMENT OF INVESTMENTS
Dreyfus Mid-Cap Growth Fund
March 31, 2016 (Unaudited)

The following is a summary of the inputs used as of March 31, 2016 in valuing the fund’s investments:

		Level 2 - Other
	Level 1 - Unadjusted	Significant	Level 3 -Significant
	Quoted Prices	Observable Inputs	Unobservable Inputs	Total
Assets ($)
Investments in Securities:
Equity Securities—
Domestic Common
Stocks†	122,988,037	-	-	122,988,037
Equity Securities—
Foreign Common
Stocks†	1,740,356	-	-	1,740,356
Exchange-Traded Funds	752,210	-	-	752,210
Mutual Funds	6,545,113	-	-	6,545,113

^†  See Statement of Investments for additional detailed categorizations. 

NOTES

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e., the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value. This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

Various inputs are used in determining the value of the fund’s investments relating to fair value measurements. These inputs are summarized in the three broad levels listed below:

Level 1—unadjusted quoted prices in active markets for identical investments.

Level 2—other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.).

Level 3—significant unobservable inputs (including the fund’s own assumptions 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.

Changes in valuation techniques may result in transfers in or out of an assigned level within the disclosure hierarchy. Valuation techniques used to value the fund’s investments are as follows: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available are valued at the official closing price or, if there is no official closing price that day, at the last sales price. For open short positions, asked prices are used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not

NOTES

traded on an exchange are valued at their net asset value. All of the preceding securities are generally categorized within Level 1 of the fair value hierarchy.

Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices. U.S. Treasury Bills are valued at the mean price between quoted bid prices and asked prices by an independent pricing service (the"Service") approved by the Board Members ("Board").These securities are generally categorized within Level 2 of the fair value hierarchy.

The Service’s procedures are reviewed by Dreyfus under the general supervision of the Board.

Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant American Depository Receipts and financial futures. Utilizing these techniques may result in transfers between Level 1 and Level 2 of the fair value hierarchy.

When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board. Certain factors may be considered when fair valuing investments such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. These securities are either categorized within Level 2 or 3 of the fair value hierarchy depending on the relevant inputs used.

For restricted securities where observable inputs are limited, assumptions about market activity and risk are used and are generally categorized within Level 3 of the fair value hierarchy.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of Dreyfus, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by Dreyfus or U.S. Government and Agency securities. The fund is entitled to receive all dividends, interest and distributions on securities loaned, in addition to income earned as a result of the lending transaction. Should a borrower fail to return the securities in a timely manner, The Bank of New York Mellon is required to replace the securities for the

NOTES

benefit of the fund or credit the fund with the market value of the unreturned securities and is subrogated to the fund’s rights against the borrower and the collateral.

Effective July 1, 2015, the fund adopted new accounting guidance under Accounting Standards Update No. 2014-11, which requires expanded disclosures related to financial assets pledged in secured financing transactions (such as securities lending) and the related contractual maturity terms of these secured transactions. The type of securities loaned for which cash collateral was received, is indicated in the Statement of Investments. Additionally, the contractual maturity of security lending transactions are on an overnight and continuous basis.

At March 31, 2016, accumulated net unrealized appreciation on investments was $11,730,796, consisting of $14,114,433 gross unrealized appreciation and $2,383,637 gross unrealized depreciation.

At March 31, 2016, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

Additional investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the SEC 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 Funds, Inc.

By:       /s/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

Date:    May 19, 2016

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/ Bradley J. Skapyak

            Bradley J. Skapyak

            President

Date:    May 19, 2016

By:       /s/ James Windels

            James Windels

            Treasurer

Date:    May 19, 2016

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)