N-Q 1 formdltfmf.htm QUARTERLY SCHEDULE formdltfmf
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 811-3700 
 
The Dreyfus/Laurel Tax-Free Municipal 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:    06/30 
Date of reporting period:    09/30/04 

SSL-DOCS2 70180139v2

FORM N-Q

Item 1. Schedule of Investments.

Dreyfus Basic California Municipal Money Market Fund             
Statement of Investments             
September 30, 2004 (Unaudited)             
 
    Principal         
Tax Exempt Investments-104.9%    Amount ($)        Value ($) 
    --------------        ----------- 
Alameda County Industrial Development Authority             
Industrial Revenue, VRDN (United Manufacturing Project)         
1.75% (LOC; Wells Fargo)    1,000,000    a    1,000,000 
Bay Area Governments Association, Transit Revenue             
3.50%, 6/15/2005 (Insured; AMBAC)    420,000        425,685 
CSUCI Financing Authority, College and University Revenue             
1.60%, 8/1/2005 (LOC; Citibank N.A.)    900,000        900,000 
State of California, GO Notes:             
RAN 3%, 6/30/2005    1,200,000        1,210,968 
VRDN 1.70% (LOC: Bank of America, Landesbank             
Hessen-Thueringen Girozentrale and Scotia Bank)    400,000    a    400,000 
California Economic Recovery, Sales Tax Revenue, VRDN:             
1.72% (LOC; BNP Paribas)    2,200,000    a    2,200,000 
1.77% (LOC; Lloyds TSB Bank PLC)    200,000    a    200,000 
California Health Facilities Financing Authority             
Health Care Facilities Revenue, VRDN             
(Scripps Memorial Hospital) 1.60%             
(Insured; MBIA and Liquidity Facility; Northern             
Trust Company)    700,000 a    700,000 
California Infrastructure and Economic Development Bank             
Revenue, CP (Salvation Army West) 1.02%, 11/17/2004             
(LOC; Bank of America)    700,000        700,000 
California Pollution Control Financing Authority, PCR             
Refunding (Pacific Gas and Electric Corp.)             
1.68%, 10/1/2004 (LOC; Bank One)    1,600,000        1,600,000 
California State Department of Water Resources:             
Power Supply Revenue, VRDN:             
1.70% (LOC; Bayerische Landesbank)    1,700,000    a    1,700,000 
1.73% (LOC; Bayerische Landesbank and WestLB AG)    1,400,000    a    1,400,000 
Water Revenue (Central Valley Project)             
5.80%, 12/1/2004    1,500,000        1,511,381 
California State University, College and University Revenue             
CP 1.12%, 10/15/2004 (LOC: Bayerische Landesbank,             
JPMorgan Chase Bank and State Street Bank and             
Trust Co.)    4,000,000        4,000,000 
California Statewide Communities Development Authority             
VRDN:             
PCR, Refunding (Chevron USA Inc. Project) 1.71%    230,000    a    230,000 
Private Schools Revenue (St. Mary and All Angels             
School) 1.73% (LOC; Allied Irish Bank)    1,300,000    a    1,300,000 
Revenue (Motion Picture and TV Fund)             
1.63% (LOC; BNP Paribas)    1,075,000    a    1,075,000 
Charter Mac Low Floater Certificates Trust I, VRDN             
1.79% (Insured; MBIA and LOC: Bayerische Landesbank,             
Dexia Credit Locale and Toronto Dominion Bank)    4,000,000    a    4,000,000 
City of Concord, MFMR, VRDN (Arcadian)             
1.72% (Insured; FNMA)    1,150,000    a    1,150,000 
City of Fremont, GO Notes, TRAN 3%, 10/6/2005    1,600,000        1,622,144 
Grant Joint Union High School District, COP, VRDN             
Bridge Funding Program 1.50% (Insured; FSA and             
Liquidity Facility; Dexia Credit Locale)    900,000    a    900,000 
City of Irvine, Revenue, VRDN:             
1.73% (LOC; KBC Bank)    3,000,000    a    3,000,000 
1.73% (LOC; State Street Bank and Trust Co.)    400,000    a    400,000 
Irvine Ranch Water District, VRDN:             
GO Notes:             
1.73% (LOC; Bank of America)    1,175,000    a    1,175,000 
1.73% (LOC; Landesbank Hessen-Thueringen)    800,000    a    800,000 
Revenue 1.73% (LOC; Landesbank Hessen-             
Thueringen)    200,000    a    200,000 

Irvine Unified School District, Special Tax Revenue, VRDN             
1.73% (LOC: Bank of New York and California State             
Teachers Retirement)    1,000,000    a    1,000,000 
Los Angeles Community Redevelopment Agency, MFHR             
VRDN (Rental Academy Village Apartments)             
1.75% (Insured; FNMA and Liquidity Facility; FNMA)    2,500,000    a    2,500,000 
Los Angeles Department of Airports, Airport Revenue             
1.15%, 11/15/2004 (LOC: Bayerische Landesbank and             
JPMorgan Chase Bank)    750,000        750,000 
Los Angeles Municipal Improvement Corporation, LR, CP             
1.20%, 11/8/2004 (LOC; Bank of America)    2,500,000        2,500,000 
Los Angeles Unified School District:             
COP, VRDN (Belmont Learning Complex)             
1.63% (LOC; The Bank of New York)    200,000    a    200,000 
GO Notes, TRAN 3%, 9/1/2005    500,000        506,824 
Metropolitan Water District of Southern California:             
GO Notes, Refunding 3%, 3/1/2005    1,925,000        1,938,908 
Water Works Revenue, VRDN:             
1.69% (Liquidity Facility; Landesbank             
Hessen-Thueringen)    1,400,000    a    1,400,000 
1.90% (Liquidity Facility; Bayerische             
Hypo-und Vereinsbank)    800,000    a    800,000 
Northern California Transmission Authority, Revenue, CP             
(California Oregon Transmission Project)             
1.12%, 11/9/2004 (LOC; WestLB AG)    2,250,000        2,250,000 
City of Oakland, COP, VRDN (Capital Equipment Project)             
1.68% (LOC; Landesbank Hessen-Thueringen)    2,800,000    a    2,800,000 
Orange County, Apartment Development Revenue             
Refunding, VRDN (Aliso Creek Project)             
1.67% (LOC; FHLMC)    2,800,000    a    2,800,000 
Orange County Improvement Board Act 1915, Revenue             
VRDN 1.73% (LOC; Key Bank)    2,300,000    a    2,300,000 
Riverside County Housing Authority, MFMR             
Refunding, VRDN (Mountain View Apartments)             
1.51% (LOC: FHLB and Redlands Federal             
Savings and Loans)    675,000    a    675,000 
San Diego Housing Authority, MFHR, Refunding, VRDN             
(Paseo) 1.70% (LOC; FHLMC)    2,900,000    a    2,900,000 
San Francisco City and County Finance Corporation             
LR, VRDN (Moscone Center Expansion Project)             
1.69% (Insured; AMBAC and Liquidity Facility: JPMorgan         
Chase Bank and State Street Bank and Trust Co.)    4,200,000    a    4,200,000 
City of Stockton, MFHR, VRDN             
(Mariners Pointe Association)             
1.68% (LOC; Credit Suisse)    2,400,000    a    2,400,000 
Tahoe Forest Hospital District, Health Care Facilities             
Revenue, VRDN 1.70% (LOC; U.S. Bank NA)    400,000    a    400,000 
Tulare Local Health Care District, Health Care Facilities             
Revenue, VRDN 1.70% (LOC; U.S. Bank NA)    1,200,000    a    1,200,000 
City of Union City, MFHR, Refunding, VRDN             
(Mission Sierra) 1.68% (Insured; FNMA)    1,200,000    a    1,200,000 
Western Riverside County Regional Wastewater Authority             
Sewer Revenue, VRDN (Regional Wastewater Treatment)         
1.73% (LOC; Dexia Credit Locale)    400,000    a    400,000 
 
Total Investments (cost $68,920,910)    104.9%        68,920,910 
 
Liabilities, Less Cash and Receivables    (4.9%)        (3,217,060) 
 
Net Assets    100.0%        65,703,850 

Summary of Abbreviations                 
 
AMBAC    American Municipal Bond Assurance Corporation        LR    Lease Revenue     
COP    Certificate of Participation        MBIA    Municipal Bond Investors Assurance 
CP    Commercial Paper            Insurance Corporation 
FHLB    Federal Home Loan Bank        MFHR    Multi-Family Housing Revenue 
FHLMC    Federal Home Loan Mortgage Corporation        MFMR    Multi-Family Mortgage Revenue 
FNMA    Federal National Mortgage Association        PCR    Pollution Control Revenue 
FSA    Financial Security Assurance        RAN    Revenue Anticipation Notes 
GO    General Obligation        VRDN    Variable Rate Demand Notes 
LOC    Letter of Credit        TRAN    Tax and Revenue Anticipation Notes 
 
 
 
 
Summary of Combined Ratings                 
 
Fitch    or    Moody's    or    Standard & Poor's    Value (%) 
------        -------        -------------    ------------- 
F1+, F1        VMIG1, MIG1, P1    SP1+, SP1, A1+, A1    94.4 
AAA, AA, A b    Aaa, Aa, A b        AAA, AA, A b    5.6 
 
                    100.0 
 
 
Notes to statement of Investments.                 
 
 
a Securities payable on demand. Variable interest rate-subject to periodic change.             
b Notes which are not F, MIG and SP rated are represented by bond ratings of the issuers.             
 
 
 
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.         

Dreyfus Basic New York Municipal Money Market Fund         
Statement of Investments             
September 30, 2004 (Unaudited)             
 
    Principal         
Tax Exempt Investments--103.0%    Amount ($)    Value ($) 
    ------------------        ------------------ 
 
 
Central Islip Union Free School District, GO Notes, TAN             
3%, 6/28/2005    4,000,000        4,039,590 
Erie County, GO Notes, RAN             
3%, 7/13/2005    3,600,000        3,640,110 
Frontier Central School District of Hamburg             
GO Notes, BAN 2.75%, 6/16/2005    4,500,000        4,532,821 
Great Neck North Water Authority, Water System Revenue             
VRDN 1.70% (Insured; FGIC and Liquidity Facility;             
State Street Bank & Trust Co.)    7,100,000    a    7,100,000 
Jay Street Development Corporation             
LR, VRDN (Jay Street Project):             
1.62% (LOC; Landesbank Hessen-Thuringen             
Girozentrale)    1,100,000    a    1,100,000 
1.72% (LOC; JPMorgan Chase Bank)    8,000,000    a    8,000,000 
Long Island Power Authority, Electric System Revenue:             
CP 1%, 10/5/2004 (LOC; JPMorgan Chase Bank)    15,000,000        15,000,000 
VRDN 1.77% (LOC; WestLB AG)    5,500,000    a    5,500,000 
Metropolitan Transportation Authority, Revenue:             
CP, BAN 1.12%, 10/6/2004 (LOC; ABN-AMRO)    10,000,000        10,000,000 
VRDN 1.69% (Insured; FSA and             
Liquidity Facility; Dexia Credit Locale)    4,180,000    a    4,180,000 
Monroe County Airport Authority, Airport Revenue             
VRDN 1.74% (Insured; MBIA and Liquidity Facility;             
Merrill Lynch)    4,900,000    a    4,900,000 
Monroe County Industrial Development Agency             
Civic Facility Revenue, VRDN             
(St. Ann's Home for the Aged Project)             
1.65% (LOC; HSBC Bank USA)    11,400,000    a    11,400,000 
New York City, GO Notes, VRDN:             
1.68%, Series A-5 (LOC; HSBC Bank USA)    10,000,000    a    10,000,000 
1.69%, Series B-8 (LOC; Bayerische Landesbank)    5,505,000    a    5,505,000 
1.69%, Series F-5 (LOC; Bayerische Landesbank)    5,385,000    a    5,385,000 
1.72%, Series E-4 (LOC; State Street Bank & Trust Co.)    8,425,000    a    8,425,000 
1.77%, Series H-1 (LOC; Bank of New York)    1,200,000    a    1,200,000 
New York City Housing Development Corporation, VRDN:         
Mortgage Revenue             
(Residential East 17th Street) 1.72% (LOC: Commerce             
Bank and Rabobank Nederland)    14,100,000    a    14,100,000 
Multi-Family Rental Housing Revenue:             
(Monterey) 1.72% (Insured; FNMA)    10,000,000    a    10,000,000 
(West 89th Street Development)             
1.75% (LOC; FNMA)    14,000,000    a    14,000,000 
New York City Municipal Water Finance Authority             
Water and Sewer System Revenue:             
CP 1.16%, 10/28/2004    7,000,000        7,000,000 
VRDN 1.66% (Liquidity Facility; Bayerische             
Landesbank)    3,000,000    a    3,000,000 
New York City Transitional Finance Authority, Revenue             
VRDN 1.80% (Liquidity Facility; Bank of New York)    2,700,000    a    2,700,000 

New York State, GO Notes:             
1.05%, 10/7/2004 (LOC; Dexia Credit Locale)    11,400,000    11,400,000 
1.58%, 8/4/2005 (LOC; Dexia Credit Locale)    6,600,000    6,600,000 
1.75%, 8/4/2005 (LOC; Westdeutsche Landesbank)    5,700,000    5,700,000 
New York State Dormitory Authority, Revenue             
VRDN:             
(Cornell University)             
1.68% (Liquidity Facility; JPMorgan Chase Bank)    8,780,000    a    8,780,000 
(New York Foundling Charitable Corp.)             
1.65% (LOC; Allied Irish Bank)    14,215,000    a    14,215,000 
New York State Energy Research and Development             
Authority, PCR (New York State Electric and Gas)             
1.08%, 3/15/2005 (LOC; JPMorgan Chase Bank)    3,000,000        3,000,000 
New York State Housing Finance Agency, Revenue             
VRDN:             
(Historic Front Street)             
1.72% (LOC; Bank of New York)    5,000,000    a    5,000,000 
(Normandie Court I Project)             
1.69% (LOC; Landesbank Hessen-Thuringen             
Girozentrale)    10,850,000    a    10,850,000 
New York State Local Government Assistance             
Corporation, VRDN:             
Revenue             
1.66% (LOC; Societe Generale)    16,600,000    a    16,600,000 
Sales Tax Revenue             
1.68% (LOC: Bayerische Landesbank and             
WestLB AG)    16,115,000    a    16,115,000 
Oneida Indian Nation, Revenue, VRDN             
1.65% (LOC; Bank of America)    14,400,000    a    14,400,000 
Orange County Industrial Development Agency             
Civic Facility Revenue, VRDN             
(Horton Medical Center Project)             
1.69% (Insured; FSA and Liquidity Facility;             
Bank of America)    9,800,000    a    9,800,000 
Rensselaer County Industrial Development Agency             
Civic Facility Revenue, VRDN             
(Polytech Institute Project) 1.70%    3,400,000    a    3,400,000 
Troy Industrial Development Authority             
Civic Facility Revenue, VRDN             
(Rensselaer Polytech Institute) 1.70%    6,750,000    a    6,750,000 
 
 
 
Total Investments (cost $293,317,521)    103.0%        293,317,521 
 
Liabilities, Less Cash and Receivables    (.3)%        (8,621,559) 
 
Net Assets    100.0%        284,695,962 

Summary of Abbreviations                 
 
BAN    Bond Anticipation Notes    LR        Lease Revenue     
CP    Commercial Paper    MBIA        Municipal Bond Investors Assurance 
FGIC    Financial Guaranty Insurance Company            Insurance Corporation     
FNMA    Federal National Mortgage Association    PCR        Pollution Control Revenue     
FSA    Financial Security Assurance    RAN        Revenue Anticipation Notes     
GO    General Obligation    TAN        Tax Anticipation Notes     
LOC    Letter of Credit    VRDN        Variable Rate Demand Notes     
 
 
 
 
Summary of Combined Ratings                 
 
 
 
Fitch    or Moody's        or    Standard & Poor's    Value % 
-----------    ------------------------            ---------------------------    ------------------ 
F1, F1+    VMIG1, MIG1, P1            SP1+, SP1, A1+, A1    97.5 
AAA, AA, A    Aaa, Aa, A b            AAA, AA, A b    0.9 
Not Rated c    Not Rated c            Not Rated c    1.6 
 
                    100.0 

a Securities payable on demand. Variable interest rate - subject to periodic change. 
b Notes which are not F, MIG, or SP rated are represented by bond ratings of the issuers. 
c Securities which, while not rated by Fitch, Moody's and Standard & Poor's, have been determined by the Manager 
to be of comparable quality to those rated securities in which the fund may invest. 

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.

Dreyfus Basic Massachusetts Municipal Money Market Fund             
Statement of Investments             
September 30, 2004 (Unaudited)             
    Principal         
    Amount ($)    Value ($) 
    -------------------------    ----------------------------- 
Tax Exempt Investments--102.8%             
 
Canton Housing Authority, MFHR, Refunding, VRDN             
(Canton Arboretum Apartments)             
1.72% (Insured; FNMA)    3,895,000    a    3,895,000 
Dedham, GO Notes, BAN 2.50%, 6/1/2005    1,300,000        1,307,651 
Duxbury, GO Notes, BAN 2%, 1/14/2005    4,000,000        4,009,862 
State of Massachusetts, GO Notes:             
Refunding 5.25%, 1/1/2005    625,000        631,153 
Refunding, VRDN             
1.73% (Liquidity Facility; Landesbank Hessen             
Thuringen Girozentrale)    4,800,000    a    4,800,000 
Massachusetts Bay Transportation Authority             
General Transportation Systems, GO Notes, VRDN             
1.70% (Liquidity Facility; WestLB AG)    6,000,000    a    6,000,000 
Massachusetts Development Finance Agency:             
EDR, CP 1.30%, 12/2/2004 (LOC; Wachovia Bank)    1,600,000        1,600,000 
VRDN:             
College and University Revenue, Refunding             
(Smith College) 1.69%    5,900,000    a    5,900,000 
Health Care Facilities Revenue             
(Masonic Nursing Home Inc.)             
1.64% (LOC; Royal Bank of Scotland)    2,500,000    a    2,500,000 
Private Schools Revenue:             
(Dexter School Project)             
1.72% (Insured; MBIA and Liquidity Facility;             
Wachovia Bank)    1,000,000    a    1,000,000 
(Meadowbrook School)             
1.69% (LOC; Allied Irish Banks)    1,500,000    a    1,500,000 
(Worcester Academy)             
1.75% (LOC; Allied Irish Banks)    3,000,000    a    3,000,000 
SWDR (Newark Group Project)             
1.75% (LOC; JPMorgan Chase Bank)    1,000,000    a    1,000,000 
Massachusetts Health and Educational Facilities Authority:             
College and University Revenue:             
(Williams College) 1.05%, 4/1/2005    5,000,000        5,000,000 
VRDN:             
College and University Revenue:             
(Amherst College) 1.59%    6,000,000    a    6,000,000 
(Berklee College of Music) 1.59% (Insured; MBIA             
and Liquidity Facility; Credit Suisse)    100,000    a    100,000 
(Boston University) 1.61%             
(LOC; State Street Bank and Trust Co.)    3,700,000    a    3,700,000 
(Emmanuel College) 1.69% (LOC; Allied Irish Banks)    6,400,000    a    6,400,000 
(Harvard University):             
1.67%, Series BB    1,500,000    a    1,500,000 
1.67%, Series R    4,500,000    a    4,500,000 
(Massachusetts Institute of Technology) 1.65%    5,200,000    a    5,200,000 
(Simmons College) 1.70% (Insured; AMBAC and             
Liquidity Facility; Bank of America)    2,600,000    a    2,600,000 
(University of Massachusetts) 1.66%             
(LOC; Dexia Credit Locale)    3,200,000    a    3,200,000 
Health Care Facilities Revenue:             
(Hallmark Health Systems)             
1.66% (Insured; FSA and Liquidity Facility;             
Bank of America)    2,800,000    a    2,800,000 
(Newton Wellesley Hospital)             
1.59% (Insured; MBIA and Liquidity Facility; Helaba)    100,000    a    100,000 
(Partners Healthcare Systems):             
1.68% (Insured; FSA and Liquidity Facility:             
Bayerische Landesbank and JPMorgan             
Chase Bank)    1,800,000    a    1,800,000 

1.69% (Insured; FSA and Liquidity Facility:             
Bayerische Landesbank and JPMorgan             
Chase Bank)    5,000,000    a    5,000,000 
(Wellesley College) 1.62%    5,075,000    a    5,075,000 
Refunding (Fairview Extended Credit Services)             
1.70% (LOC; Bank of America)    2,000,000    a    2,000,000 
Revenue:             
Capital Asset Program 1.72%             
(LOC; Bank of America)    3,600,000    a    3,600,000 
(Essex Museum) 1.61% (LOC; Royal Bank of             
Scotland)    10,150,000    a    10,150,000 
Massachusetts Housing Finance Agency, Housing Revenue         
VRDN 1.70% (Insured; FSA and Liquidity Facility; Dexia         
Credit Locale)    1,200,000    a    1,200,000 
Massachusetts Industrial Finance Agency, VRDN:             
College and University Revenue             
(Milton Academy) 1.70% (Insured; MBIA             
and Liquidity Facility; Bank of America)    1,600,000    a    1,600,000 
Health Care Facilities Revenue (Orchard Cove Inc.)             
1.64% (LOC; Bank of America)    2,200,000    a    2,200,000 
Massachusetts Water Resource Authority, Water Revenue:         
VRDN (Multi-Modal):             
1.67% (LOC; Landesbank Hessen Thuringen             
Girozentrale)    3,300,000    a    3,300,000 
Refunding:             
1.69% (Insured; FGIC and Liquidity             
Facility; Dexia Credit Locale)    5,550,000    a    5,550,000 
1.69% (Insured; FGIC and Liquidity Facility;             
FGIC)    4,200,000    a    4,200,000 
North Andover, GO Notes, BAN 3%, 7/6/2005    1,000,000        1,009,730 
Peabody, GO Notes, BAN 2.50%, 2/11/2005    1,000,000        1,003,590 
Salem, GO Notes, BAN 1.50%, 1/13/2005    4,100,000        4,104,838 
Westborough, GO Notes, BAN 2% 11/19/2004    1,738,000        1,740,192 
 
 
Total Investments (cost $131,777,016)    102.8%        131,777,016 
 
Liabilities, Less Cash and Receivables    (2.8%)        (3,554,495) 
 
Net Assets    100.0%        128,222,521 

Summary of Abbreviations         
 
 
AMBAC    American Municipal Bond Assurance Corporation         
BAN    Bond Anticipation Notes    LOC    Letter of Credit 
CP    Commercial Paper    MBIA    Municipal Bond Investors Assurance 
EDR    Economic Development Revenue        Insurance Corporation 
FGIC    Financial Guaranty Insurance Company    MFHR    Multi-Family Housing Revenue 
FNMA    Federal National Mortgage Association    SWDR    Solid Waste Disposal Revenue 
FSA    Financial Security Assurance    VRDN    Variable Rate Demand Notes 
GO    General Obligation         

Summary of Combined Ratings                 
 
Fitch    or    Moody's    or    Standard & Poor's    Value (%) 
---        -------        --------------------    ------------- 
F1+, F1        VMIG1, MIG1, P1        SP1+, SP1, A1+, A1    95.3 
AAA, AA, A b        Aaa, Aa, A b        AAA, AA, A b    3.7 
Not Rated c        Not Rated c        Not Rated c    1.0 
 
                    100.0 
 
 
Notes to Statement of Investments:                 

a    Securities payable on demand. Variable interest rate-subject to periodic change. 
b    Notes which are not F, MIG and SP rated are represented by bond ratings of the issuers. 
c    Securities which, while not rated by Fitch, Moody's and Standard & Poor's, have been determined by the 
    Manager to be of comparable quality to those rated securities in which the Fund may invest. 

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. 

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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.

The Dreyfus/Laurel Tax-Free Municipal Funds
By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
 
Date:    November 17, 2004 

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:    November 17, 2004 
 
By:    /s/ James Windels 
    James Windels 
    Chief Financial Officer 
 
Date:    November 17, 2004 
 
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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