N-Q 1 form-ltf.htm QUARTERLY SCHEDULE form-ltf
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:    03/31/06 

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS                 
Dreyfus Basic California Municipal Money Market Fund             
March 31, 2006 (Unaudited)                     
 
    Coupon        Maturity    Principal     
Short-Term Investments--97.6%    Rate (%)        Date    Amount ($)    Value ($) 
California--95.9%                     
Alameda County Industrial                     
Development Authority,                     
Industrial Revenue (United                     
Manufacturing Project) (LOC;                     
Wells Fargo Bank)        3.18    4/7/06    1,000,000 a    1,000,000 
Alameda County Redevelopment                     
Agency, Tax Allocation Revenue                     
(Eden Area Redevelopment                     
Project) (Insured; MBIA)        3.98    8/1/06    135,000    135,313 
Big Bear Lake,                     
Industrial Revenue (Southwest                     
Gas Corporation Project) (LOC;                     
KBC Bank)        3.20    4/7/06    5,400,000 a    5,400,000 
California,                     
CP (Liquidity Facility: Bank                     
of Nova Scotia, KBC Bank,                     
Lloyds TSB Bank PLC, National                     
Australia Bank, Royal Bank of                     
Scotland and Societe Generale)        3.37    5/2/06    3,000,000    3,000,000 
California,                     
CP (Liquidity Facility: Bank                     
of Nova Scotia, KBC Bank,                     
Lloyds TSB Bank PLC, National                     
Australia Bank, Royal Bank of                     
Scotland and Societe Generale)        3.32    5/5/06    1,000,000    1,000,000 
California,                     
CP (Liquidity Facility: Bank                     
of Nova Scotia, KBC Bank,                     
Lloyds TSB Bank PLC, National                     
Australia Bank, Royal Bank of                     
Scotland and Societe Generale)        3.32    5/8/06    1,000,000    1,000,000 
California,                     
CP (Liquidity Facility: Bank                     
of Nova Scotia, KBC Bank,                     
Lloyds TSB Bank, National                     
Australia Bank, Royal Bank of                     
Scotland and Societe Generale)        3.32    5/10/06    1,000,000    1,000,000 
California,                     
GO Notes        5.00    6/1/06    295,000    295,876 
California,                     
GO Notes        4.50    9/1/06    400,000    401,874 
California,                     
GO Notes        6.16    9/1/06    100,000    101,252 
California,                     
GO Notes        4.86    10/1/06    360,000    362,902 
California,                     

GO Notes    6.60    3/1/07    140,000    144,266 
California,                 
GO Notes (Insured; MBIA)    5.37    4/1/06    310,000    310,000 
California,                 
RAN    4.50    6/30/06    3,970,000    3,983,197 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC: The Bank of New                 
York and California State                 
Teachers Retirement)    3.15    4/1/06    6,700,000 a    6,700,000 
California Pollution Control                 
Financing Authority, PCR                 
(Pacific Gas and Electric                 
Corp.) (LOC; JPMorgan Chase                 
Bank)    3.15    4/1/06    9,765,000 a    9,765,000 
California Pollution Control                 
Financing Authority, SWDR                 
(Marborg Industries Project)                 
(LOC; Wachovia Bank)    3.22    4/7/06    2,235,000 a    2,235,000 
California Pollution Control                 
Financing Authority, SWDR                 
(Marborg Industries Project)                 
(LOC; Wachovia Bank)    3.22    4/7/06    1,500,000 a    1,500,000 
California School Cash Reserve                 
Program Authority, Revenue                 
(Pool Program) (Insured; AMBAC)    3.97    7/6/06    650,000    651,514 
California Statewide Communities                 
Development Authority,                 
Multifamily Revenue (Varenna                 
Assisted Living Project) (LOC;                 
HSH Nordbank)    3.23    4/7/06    1,000,000 a    1,000,000 
California Statewide Communities                 
Development Authority, Private                 
Schools Revenue (Saint Mary                 
and All Angels School) (LOC;                 
Allied Irish Bank)    3.18    4/7/06    1,300,000 a    1,300,000 
California Statewide Communities                 
Development Authority, Revenue                 
(Kaiser Permanente)    3.17    4/7/06    3,200,000 a    3,200,000 
California Statewide Communities                 
Development Authority, SWDR                 
(Chevron USA Inc. Project)    3.17    4/7/06    500,000 a    500,000 
Charter MacFloater Certificates                 
Trust I (Insured; MBIA and                 
LOC: Bank of America,                 
Bayerische Landesbank, Dexia                 
Credit Locale, KBC Bank,                 
Landesbank Baden-Wuerttemberg,             
Lloyds TSB Bank PLC and State                 
Street Bank and Trust Co.)    3.20    4/7/06    4,000,000 a,b    4,000,000 
Corona Community Facilities                 
District, Special Tax                 
Refunding (Insured; MBIA)    4.55    9/1/06    120,000    120,811 
El Monte School District,                 

GO Notes (Insured; FGIC)    3.88    5/1/06    200,000    200,071 
Fremont Union High School                 
District, TAN    3.95    7/6/06    2,500,000    2,509,099 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement Revenue                 
(Liquidity Facility; Merrill                 
Lynch)    3.23    4/7/06    1,160,000 a,b    1,160,000 
Golden Valley Unified School                 
District, GO Notes, Refunding                 
(Insured; FSA)    2.98    8/1/06    115,000    115,000 
Kern High School District,                 
GO Notes (Insured; FSA)    3.98    8/1/06    200,000    200,654 
Long Beach,                 
Harbor Revenue, Refunding                 
(Insured; FGIC)    5.46    5/15/06    400,000    401,045 
Los Angeles,                 
Wastewater System Revenue,                 
Refunding (Insured; FGIC and                 
Liquidity Facility; FGIC)    3.16    4/7/06    3,000,000 a    3,000,000 
Los Angeles Harbor Department,                 
Revenue, Refunding (Insured;                 
AMBAC)    5.47    8/1/06    120,000    120,850 
Los Angeles Harbor Department,                 
Revenue, Refunding (Insured;                 
MBIA)    3.48    8/1/06    405,000    405,658 
Los Angeles Industrial Development                 
Authority, Empowerment Zone                 
Facility Revenue (Calko Steel                 
Incorporated Project) (LOC;                 
Comerica Bank)    3.24    4/7/06    2,345,000 a    2,345,000 
North Orange County, Regional                 
Occupational Program, COP                 
(Educational Center Funding                 
Program) (Insured; Assured                 
Guaranty and Liquidity                 
Facility; Dexia Credit Locale)    3.16    4/7/06    3,000,000 a    3,000,000 
Oakland,                 
COP (Capital Equipment                 
Project) (LOC; Landesbank                 
Hessen Thueringen Girozentrale)    3.17    4/7/06    2,400,000 a    2,400,000 
Riverside County Housing                 
Authority, MFHR (Mountain View                 
Apartments) (LOC: FHLB and                 
Redlands Federal Savings and                 
Loans)    3.16    4/7/06    650,000 a    650,000 
Sacramento County,                 
TRAN    4.00    7/10/06    640,000    641,392 
Salinas Valley Solid Waste                 
Authority, RRR (Insured; AMBAC)    4.97    8/1/06    500,000    503,268 
San Diego County Regional                 
Transportation Commission,                 
Sales Tax Revenue (Insured;                 
AMBAC)    5.31    4/1/06    175,000    175,268 

San Francisco City and County,                 
GO (Branch Library Facilities                 
Improvement) (Insured; MBIA)    3.90    6/15/06    100,000    100,092 
Santa Clara County Financing                 
Authority, LR (Multiple                 
Facilities Project) (Insured;                 
AMBAC)    5.41    5/15/06    250,000    250,576 
Southern California Public Power                 
Authority, Power Revenue,                 
Refunding (Palo Verde Project)                 
(Insured; AMBAC)    5.42    7/1/06    100,000    100,573 
Stockton Community Facilities                 
District, Special Tax Revenue                 
(Arch Road East Community                 
Facilities District Number                 
99-02) (LOC; Wells Fargo Bank)    3.16    4/7/06    1,000,000 a    1,000,000 
Union,                 
MFHR (Mission Sierra)                 
(Insured; FNMA)    3.14    4/7/06    1,200,000 a    1,200,000 
University of California,                 
College and University Revenue                 
(Putters Program) (Insured;                 
MBIA and Liquidity Facility;                 
PB Finance Inc.)    3.23    4/7/06    1,000,000 a,b    1,000,000 
University of California,                 
Revenue    5.05    5/15/06    350,000    350,755 
University of California,                 
Revenue (University of                 
California Medical Center)                 
(Insured; AMBAC)    9.59    7/1/06    150,000    152,361 
Vallejo,                 
Water Revenue, COP (LOC; KBC             
Bank)    3.23    4/7/06    2,000,000 a    2,000,000 
Walnut Energy Center Authority,                 
Water and Sewer Revenue, CP                 
(Turlock Irrigation District)                 
(LOC; State Street Bank and                 
Trust Co.)    3.15    5/24/06    1,000,000    1,000,000 
West Covina Public Financing                 
Authority, LR, Refunding                 
(Public Facilities Project)                 
(LOC; California State                 
Teachers Retirement)    3.18    4/7/06    2,735,000 a    2,735,000 
 
U.S. Related--1.7%                 
Puerto Rico Commonwealth,                 
GO (Public Improvement)                 
(Insured; XLCA)    4.80    7/1/06    200,000    200,710 
Puerto Rico Commonwealth Aqueduct             
and Sewer Authority (Insured;                 
MBIA)    5.96    7/1/06    210,000    211,393 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    4.80    7/1/06    115,000    115,408 

Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    6.24    7/1/06    150,000    151,081 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; XCLA)    3.98    7/1/06    120,000    120,293 
Puerto Rico Highway and                 
Transportation Authority,                 
Transportation Revenue                 
(Insured; MBIA)    4.80    7/1/06    100,000    100,358 
Puerto Rico Municipal Finance                 
Agency, GO (Insured; FSA)    5.13    8/1/06    100,000    100,563 
Puerto Rico Public Buildings                 
Authority, Public Education                 
and Health Facilities,                 
Refunding (Insured; FSA)    5.46    7/1/06    390,000    392,107 
 
 
Total Investments (cost $78,215,580)            97.6%    78,215,580 
Cash and Receivables (Net)            2.4%    1,939,676 
Net Assets            100.0%    80,155,256 

a    Securities payable on demand. Variable interest rate--subject to periodic change 
b    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 March 31, 2006, these securities 
    amounted to $6,160,000 or 7.7% of net assets. 

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. 

Summary of Abbreviations         
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance Company    AMBAC    American Municipal Bond Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance Company    CIC    Continental Insurance Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environment Improvement Revenue 
FGIC    Financial Guaranty Insurance Company    FHA    Federal Housing Administration 
FHLB    Federal Home Loan Bank    FHLMC    Federal Home Loan Mortgage Corporation 
FNMA    Federal National Mortgage Association    FSA    Financial Security Assurance 
GAN    Grant Anticipation Notes    GIC    Guaranteed Investment Contract 
GNMA    Government National Mortgage Association    GO    General Obligation 
HR    Hospital Revenue    IDB    Industrial Development Board 
IDC    Industrial Development Corporation    IDR    Industrial Development Revenue 
LOC    Letter of Credit    LOR    Limited Obligation Revenue 
LR    Lease Revenue    MBIA    Municipal Bond Investors Assurance Insurance 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family C Mortgage Revenue 
PCR    Pollution Control Revenue    RAC    Revenue Anticipation Certificates 
RAN    Revenue Anticipation Notes    RAW    Revenue Anticipation Warrants 
RRR    Resources Recovery Revenue    SAAN    State Aid Anticipation Notes 
SBPA    Standby Bond Purchase Agreement    SFHR    Single Family Housing Revenue 
SFMR    Single Family Mortgage Revenue    SONYMA    State of New York Mortgage Agency 
SWDR    Solid Waste Disposal Revenue    TAN    Tax Anticipation Notes 

TAW    Tax Anticipation Warrants    TRAN    Tax and Revenue Anticipation Notes 
XLCA    XL Capital Assurance         

STATEMENT OF INVESTMENTS                 
Dreyfus Basic Massachusetts Municipal Money Market Fund         
March 31, 2006 (Unaudited)                     
 
    Coupon        Maturity    Principal     
Short-Term Investments--103.5%    Rate (%)        Date    Amount ($)    Value ($) 
Massachusetts                     
Arlington,                     
GO Notes, BAN        3.70    7/20/06    3,000,000    3,009,682 
Canton Housing Authority,                     
MFHR, Refunding (Canton                     
Arboretum Apartments)                     
(Insured; FNMA)        3.17    4/7/06    6,665,000 a    6,665,000 
Dennis-Yarmouth Regional School                     
District, GO Notes, BAN        3.19    11/15/06    3,500,000    3,524,377 
Easton,                     
GO Notes, BAN        3.47    6/9/06    6,000,000    6,002,584 
Massachusetts,                     
GO (Central Artery/Ted                     
Williams Tunnel Infrastructure                     
Loan Act of 2000) (Liquidity                     
Facility; State Street Bank                     
and Trust Co.)        3.18    4/1/06    900,000 a    900,000 
Massachusetts,                     
GO, Refunding (Liquidity                     
Facility; Landesbank                     
Hessen-Thuringen Girozentrale)        3.20    4/7/06    7,200,000 a    7,200,000 
Massachusetts Bay Transportation                     
Authority, General                     
Transportation Systems, GO                     
Notes (Liquidity Facility;                     
Westdeutsche Landesbank)        3.14    4/7/06    6,000,000 a    6,000,000 
Massachusetts Development Finance                     
Agency, Private Schools                     
Revenue (Dexter School                     
Project) (Insured; MBIA and                     
Liquidity Facility; Wachovia                     
Bank)        3.19    4/7/06    1,000,000 a    1,000,000 
Massachusetts Development Finance                     
Agency, Private Schools                     
Revenue (Meadowbrook School)                     
(LOC; Allied Irish Banks)        3.17    4/7/06    1,500,000 a    1,500,000 
Massachusetts Development Finance                     
Agency, Private Schools                     
Revenue (Worcester Academy)                     
(LOC; Allied Irish Banks)        3.19    4/7/06    3,000,000 a    3,000,000 
Massachusetts Development Finance                     
Agency, Revenue (WGBH                     
Educational Foundation Issue)                     
(Insured; AMBAC and Liquidity                     
Facility; Royal Bank of Canada)        3.19    4/7/06    5,000,000 a    5,000,000 
Massachusetts Development Finance                     
Agency, SWDR (Newark Group                     

Project) (LOC; JPMorgan Chase             
Bank)    3.21    4/7/06    1,000,000 a    1,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and                 
University Revenue (Boston                 
University) (LOC; State Street                 
Bank and Trust Co.)    3.12    4/7/06    2,700,000 a    2,700,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and                 
University Revenue (Emmanuel                 
College Issue) (LOC; Allied                 
Irish Banks)    3.18    4/7/06    4,900,000 a    4,900,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and                 
University Revenue (Harvard                 
University)    3.02    4/7/06    5,000,000 a    5,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and                 
University Revenue (University                 
of Massachusetts) (LOC; Dexia                 
Credit Locale)    3.13    4/7/06    4,650,000 a    4,650,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and                 
University Revenue (Williams                 
College)    3.11    4/7/06    6,000,000 a    6,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Health Care                 
Facilities Revenue (Fairview                 
Extended Credit Services)                 
(LOC; Bank of America)    3.16    4/7/06    1,895,000 a    1,895,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Health Care                 
Facilities Revenue (Hallmark                 
Health Systems) (Insured; FSA                 
and Liquidity Facility; Bank                 
of America)    3.16    4/7/06    2,800,000 a    2,800,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Health Care                 
Facilities Revenue (Partners                 
Healthcare Systems) (Insured;                 
FSA and Liquidity Facility:                 
Bayerische Landesbank and                 
JPMorgan Chase Bank)    3.17    4/7/06    4,700,000 a    4,700,000 
Massachusetts Health and                 
Educational Facilities                 

Authority, Health Care                 
Facilities Revenue (Partners                 
Healthcare Systems) (Insured;                 
FSA and Liquidity Facility:                 
Bayerische Landesbank and                 
JPMorgan Chase Bank)    3.18    4/7/06    2,000,000 a    2,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, College and University                 
Revenue (Wellesley College Issue)    3.18    4/7/06    4,875,000 a    4,875,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue                 
(Putters Program) (Insured;                 
FGIC and Liquidity Facility;                 
JPMorgan Chase Bank)    3.20    4/7/06    5,395,000 a    5,395,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Capital                 
Asset Program Issue) (Insured;                 
MBIA and Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.15    4/1/06    5,925,000 a    5,925,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Capital                 
Asset Program Issue) (Insured;                 
MBIA and Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.17    4/1/06    3,800,000 a    3,800,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Capital                 
Asset Program Issue) (LOC; Citizens             
Bank of Massachusetts)    3.14    4/7/06    7,500,000 a    7,500,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Capital                 
Asset Program Issue) (LOC; Royal                 
Bank of Scotland)    3.14    4/7/06    4,720,000 a    4,720,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Peabody                 
Essex Museum Issue) (LOC;                 
Royal Bank of Scotland)    3.16    4/7/06    6,100,000 a    6,100,000 
Massachusetts Housing Finance                 
Agency, Housing Revenue                 
(Insured; FSA and Liquidity                 
Facility; Dexia Credit Locale)    3.14    4/7/06    1,200,000 a    1,200,000 
Massachusetts Industrial Finance                 
Agency, College and University                 
Revenue (Milton Academy)                 
(Insured; MBIA and Liquidity                 

Facility; Bank of America)    3.16    4/7/06    500,000 a    500,000 
Massachusetts Industrial Finance                 
Agency, Health Care Facilities                 
Revenue (Orchard Cove Inc.)                 
(LOC; Bank of America)    3.17    4/7/06    2,000,000 a    2,000,000 
Massachusetts Port Authority,                 
Revenue, CP (Liquidity                 
Facility; Westdeutshe                 
Landesbank)    3.15    5/11/06    10,000,000    10,000,000 
Massachusetts Water Resources                 
Authority, Multi-Modal Subordinated                 
General Revenue (LOC; Landesbank                 
Hessen-Thuringen Girozentrale)    3.09    4/7/06    1,800,000 a    1,800,000 
Massachusetts Water Resources                 
Authority, Multi-Modal Subordinated                 
General Revenue, Refunding                 
(Insured; FGIC and Liquidity                 
Facility; Bayeriche Landesbank)    3.17    4/7/06    4,200,000 a    4,200,000 
Massachusetts Water Resources                 
Authority, Multi-Modal Subordinated                 
General Revenue, Refunding                 
(LOC; Landesbank Hessen-Thuringen                 
Girozentrale)    3.14    4/1/06    1,800,000 a    1,800,000 
Massachussetts Water Resources                 
Authority, Multi-Modal Subordinated                 
General Revenue, Refunding                 
(Insured; FGIC and Liquidity                 
Facility; Dexia Credit Locale)    3.17    4/7/06    1,500,000 a    1,500,000 
Woburn,                 
GO Notes, BAN    3.70    10/6/06    2,000,000    2,006,993 
 
 
Total Investments (cost $142,768,636)            103.5%    142,768,636 
Liabilities, Less Cash and Receivables            (3.5%)    (4,786,200) 
Net Assets            100.0%    137,982,436 
a Securities payable on demand. Variable interest rate--subject to periodic change         

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. 

Summary of Abbreviations         
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance Company    AMBAC    American Municipal Bond Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance Company    CIC    Continental Insurance Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environment Improvement Revenue 
FGIC    Financial Guaranty Insurance Company    FHA    Federal Housing Administration 
FHLB    Federal Home Loan Bank    FHLMC    Federal Home Loan Mortgage Corporation 

FNMA    Federal National Mortgage Association    FSA    Financial Security Assurance 
GAN    Grant Anticipation Notes    GIC    Guaranteed Investment Contract 
GNMA    Government National Mortgage Association    GO    General Obligation 
HR    Hospital Revenue    IDB    Industrial Development Board 
IDC    Industrial Development Corporation    IDR    Industrial Development Revenue 
LOC    Letter of Credit    LOR    Limited Obligation Revenue 
LR    Lease Revenue    MBIA    Municipal Bond Investors Assurance Insurance 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family C Mortgage Revenue 
PCR    Pollution Control Revenue    RAC    Revenue Anticipation Certificates 
RAN    Revenue Anticipation Notes    RAW    Revenue Anticipation Warrants 
RRR    Resources Recovery Revenue    SAAN    State Aid Anticipation Notes 
SBPA    Standby Bond Purchase Agreement    SFHR    Single Family Housing Revenue 
SFMR    Single Family Mortgage Revenue    SONYMA    State of New York Mortgage Agency 
SWDR    Solid Waste Disposal Revenue    TAN    Tax Anticipation Notes 
TAW    Tax Anticipation Warrants    TRAN    Tax and Revenue Anticipation Notes 
XLCA    XL Capital Assurance         

STATEMENT OF INVESTMENTS 
Dreyfus Basic New York Municipal Money Market Fund 
March 31, 2006 (Unaudited) 

    Coupon        Maturity    Principal     
Short-Term Investments--100.6%    Rate (%)        Date    Amount ($)    Value ($) 
New York--99.0%                     
Albany Housing Authority,                     
Revenue (Nutgrove Garden                     
Apartments Project) (LOC;                     
Citizens Bank of Massachusetts)        3.29    4/7/06    1,600,000 a    1,600,000 
Aurora,                     
GO Notes, BAN        3.96    7/25/06    2,242,100    2,248,668 
Buffalo Sewer Authority,                     
Revenue (Insured; FSA)        3.94    7/1/06    1,095,000    1,097,146 
Clinton County,                     
GO Notes, BAN        3.72    7/20/06    2,300,000    2,300,593 
Great Neck North Water Authority,                     
Water System Revenue (Insured;                     
FGIC and Liquidity Facility;                     
State Street Bank and Trust                     
Co.)        3.16    4/7/06    6,400,000 a    6,400,000 
Lindenhurst Union Free School                     
District, GO Notes, TAN        3.50    6/22/06    5,000,000    5,001,491 
Liverpool Central School District,                     
GO Notes, RAN        3.68    7/7/06    2,200,000    2,200,778 
Monroe County Industrial                     
Development Agency, Civic                     
Facility Revenue (YMCA of                     
Greater Rochester Project)                     
(LOC; M&T Bank)        3.22    4/7/06    2,500,000 a    2,500,000 
Mount Sinai Union Free School                     
District, GO Notes, TAN        3.92    6/23/06    4,700,000    4,704,180 
Nassau County Industrial                     
Development Agency, Civic                     
Facility Revenue (North Shore                     
Hebrew Academy Project) (LOC;                     
Comercia Bank)        3.20    4/7/06    4,850,000 a    4,850,000 
New York City,                     
GO Notes (LOC; Bayerische                     
Landesbank)        3.15    4/7/06    5,505,000 a    5,505,000 
New York City,                     
GO Notes (LOC; HSBC Bank USA)        3.17    4/7/06    10,000,000 a    10,000,000 
New York City Housing Development                     
Corporation, MFMR (2 Gold                     
Street) (LOC; Bank of America)        3.19    4/7/06    8,610,000 a    8,610,000 
New York City Housing Development                     
Corporation, Multi-Family                     
Rental Housing Revenue (West                     
89th Street Development)                     
(Insured; FNMA)        3.18    4/7/06    13,000,000 a    13,000,000 
New York City Municipal Water                     
Finance Authority, Water and                     
Sewer System Revenue                     

(Liquidity Facility; Dexia                 
Credit Locale)    3.17    4/7/06    12,000,000 a    12,000,000 
New York City Municipal Water                 
Finance Authority, Water and                 
Sewer System Revenue, CP                 
(Liquidity Facility: Dexia                 
Credit Locale and JPMorgan                 
Chase Bank)    3.12    4/13/06    5,000,000    5,000,000 
New York City Transitional Finance                 
Authority, Revenue (New York                 
City Recovery) (LOC;                 
Landesbank Hessen-Thuringen                 
Girozentrale)    3.15    4/7/06    13,500,000 a    13,500,000 
New York Counties Tobacco Trust                 
III, Tobacco Settlement                 
Revenue (Liquidity Facility;                 
Merrill Lynch)    3.23    4/7/06    17,605,000 a,b    17,605,000 
New York State Dormitory                 
Authority, Revenue (North                 
Shore-Long Island Jewish)                 
(LOC; Citibank N.A.)    3.15    4/7/06    9,000,000 a    9,000,000 
New York State Dormitory                 
Authority, Revenue (Oxford                 
University Press Inc.) (LOC;                 
Landesbank Hessen-Thuringen                 
Girozentrale)    3.20    4/1/06    2,325,000 a    2,325,000 
New York State Energy Research and                 
Development Authority, Revenue                 
(Consolidated Edison Company)                 
(LOC; Citibank N.A.)    3.19    4/7/06    9,700,000 a    9,700,000 
New York State Housing Finance                 
Agency, Revenue (Historic                 
Front Street) (LOC; The Bank                 
of New York)    3.16    4/7/06    5,000,000 a    5,000,000 
New York State Housing Finance                 
Agency, Revenue (Hospital for                 
Special Surgery Staff Housing)                 
(LOC; JPMorgan Chase Bank)    3.14    4/7/06    4,300,000 a    4,300,000 
New York State Housing Finance                 
Agency, Revenue (Rip Van                 
Winkle House) (Insured; FHLMC                 
and Liquidity Facility; FHLMC)    3.22    4/7/06    4,700,000 a    4,700,000 
New York State Housing Finance                 
Agency, Revenue (Worth Street)                 
(LOC; FNMA)    3.18    4/7/06    12,000,000 a    12,000,000 
New York State Local Government                 
Assistance Corporation,                 
Revenue (LOC; Societe Generale)    3.12    4/7/06    400,000 a    400,000 
New York State Power Authority,                 
Electric Revenue, CP                 
(Liquidity Facility; Bank of                 
Nova Scotia, Landesbank                 
Badden-Wurttemburg, JPMorgan                 
Chase Bank, State Street Bank                 

and Trust Co., The Bank of New                 
York and Wachovia Bank)    3.32    5/1/06    8,000,000    8,000,000 
Newburgh Industrial Development                 
Agency, Civic Facility Revenue                 
(Community Development                 
Properties Dubois II, Inc.                 
Project) (LOC; Key Bank)    3.19    4/7/06    2,500,000 a    2,500,000 
Northport-East Northport Union                 
Free School District, GO                 
Notes, TAN    3.95    6/30/06    3,000,000    3,002,760 
Onondaga County Industrial                 
Development Agency, Civic                 
Facility Revenue (Onondaga                 
Community College Housing                 
Development Corporation                 
Project) (LOC; Citizens Bank                 
of Massachusetts)    3.19    4/7/06    3,825,000 a    3,825,000 
Orange County Industrial                 
Development Agency, Civic                 
Facility Revenue (Horton                 
Medical Center Project)                 
(Insured; FSA and Liquidity                 
Facility; Bank of America)    3.15    4/7/06    9,100,000 a    9,100,000 
Plainview Old Bethpage Central                 
School District, GO Notes, TAN    3.94    6/30/06    9,400,000    9,426,610 
Port Authority of New York and New                 
Jersey, Transportation                 
Revenue, CP (Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Gironzentrale)    3.20    7/12/06    4,000,000    4,000,000 
Port Authority of New York and New                 
Jersey, Transportation                 
Revenue, CP (Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    3.22    6/23/06    1,000,000    1,000,000 
Port Authority of New York and New                 
Jersey, Transportation                 
Revenue, CP (Liquidity                 
Facility;                 
Landesbank-Hessen-Thuringen                 
Girozentrale)    3.23    7/13/06    3,000,000    3,000,000 
Port Authority of New York and New                 
Jersey, Transportation                 
Revenue, CP (Liquidity                 
Facility: Bank of Nova Scotia,                 
Lloyds TSB Bank PLC and                 
JPMorgan Chase Bank)    3.10    4/6/06    2,820,000    2,820,000 
Port Authority of New York and New                 
Jersey, Transportation                 
Revenue, CP (Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    3.10    4/6/06    2,600,000    2,600,000 
Putnam County Industrial                 
Development Agency, Civic                 

Facility Revenue (Cerebral                 
Palsy) (LOC; Commerce Bank                 
N.A.)    3.24    4/7/06    8,025,000 a    8,025,000 
Rensselaer County Industrial                 
Development Agency, Civic                 
Facility Revenue (Rensselaer                 
Polytechic Institute Project)    3.17    4/7/06    3,200,000 a    3,200,000 
Spencerport,                 
GO Notes, BAN    4.44    3/1/07    1,495,000    1,508,215 
Tobacco Settlement Financing                 
Corporation of New York, Asset                 
Backed Revenue (State                 
Contingency Contract Secured)    3.96    6/1/06    2,500,000    2,504,337 
Tompkins County Industrial                 
Development Agency, Civic                 
Facility Revenue (Tompkins                 
Cortland Community College                 
Foundation, Inc. Project)                 
(LOC; HSBC Bank USA)    3.25    4/7/06    3,775,000 a    3,775,000 
Triborough Bridge and Tunnel                 
Authority, Revenue (Insured;                 
AMBAC and Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.15    4/7/06    3,500,000 a    3,500,000 
Triborough Bridge and Tunnel                 
Authority, Revenue, Refunding                 
(Liquidity Facility; ABN-AMRO)    3.16    4/7/06    13,000,000 a    13,000,000 
Troy Industrial Development                 
Authority, Civic Facility                 
Revenue (Rensselaer                 
Polytechnic Institute)    3.17    4/7/06    6,750,000 a    6,750,000 
TSASC Inc. of New York,                 
Tobacco Settlement                 
Asset-Backed Bonds (Liquidity                 
Facility; Merrill Lynch)    3.24    4/7/06    5,000,000 a,b    5,000,000 
Westchester County Industrial                 
Development Agency, Civic                 
Facility Revenue (Northern                 
Westchester Hospital                 
Association Civic Facility)                 
(LOC; Commerce Bank)    3.20    4/7/06    7,000,000 a    7,000,000 
Westchester Tobacco Asset                 
Securitization Corporation,                 
Tobacco Settlement Asset                 
Backed Bonds (Liquidity                 
Facility; Merrill Lynch)    3.23    4/7/06    4,905,000 a,b    4,905,000 
 
U.S. Related--1.6%                 
Puerto Rico Industrial Tourist                 
Educational Medical and                 
Enviromental Control Facility                 
Financing Authority, Revenue                 
(Brystol Myers Squibb Project)    3.21    4/7/06    4,400,000 a    4,400,000 

Total Investments (cost $278,389,778)    100.6%    278,389,778 
Liabilities, Less Cash and Receivables    (.6%)    (1,582,547) 
Net Assets    100.0%    276,807,231 
 
a    Securities payable on demand. Variable interest rate--subject to periodic change     
b    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 March 31, 2006, these securities 
    amounted to $27,510,000 or 9.9% of net assets.         

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. 

Summary of Abbreviations         
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance Company    AMBAC    American Municipal Bond Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance Company    CIC    Continental Insurance Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environment Improvement Revenue 
FGIC    Financial Guaranty Insurance Company    FHA    Federal Housing Administration 
FHLB    Federal Home Loan Bank    FHLMC    Federal Home Loan Mortgage Corporation 
FNMA    Federal National Mortgage Association    FSA    Financial Security Assurance 
GAN    Grant Anticipation Notes    GIC    Guaranteed Investment Contract 
GNMA    Government National Mortgage Association    GO    General Obligation 
HR    Hospital Revenue    IDB    Industrial Development Board 
IDC    Industrial Development Corporation    IDR    Industrial Development Revenue 
LOC    Letter of Credit    LOR    Limited Obligation Revenue 
LR    Lease Revenue    MBIA    Municipal Bond Investors Assurance Insurance 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family C Mortgage Revenue 
PCR    Pollution Control Revenue    RAC    Revenue Anticipation Certificates 
RAN    Revenue Anticipation Notes    RAW    Revenue Anticipation Warrants 
RRR    Resources Recovery Revenue    SAAN    State Aid Anticipation Notes 
SBPA    Standby Bond Purchase Agreement    SFHR    Single Family Housing Revenue 
SFMR    Single Family Mortgage Revenue    SONYMA    State of New York Mortgage Agency 
SWDR    Solid Waste Disposal Revenue    TAN    Tax Anticipation Notes 
TAW    Tax Anticipation Warrants    TRAN    Tax and Revenue Anticipation Notes 
XLCA    XL Capital Assurance         

Item 2. Controls and Procedures.

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

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

Item 3. Exhibits.

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

SIGNATURES

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

The Dreyfus/Laurel Tax-Free Municipal Funds

By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
 
Date:    May 23, 2006 
 
Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 
1940, this Report has been signed below by the following persons on behalf of the Registrant and in the 
capacities and on the dates indicated. 
 
By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    Chief Executive Officer 
 
Date:    May 23, 2006 
 
By:    /s/ James Windels 
    James Windels 
    Chief Financial Officer 
 
Date:    May 23, 2006 
 
 
 
EXHIBIT INDEX
 
    (a) Certifications of principal executive and principal financial officers as required by Rule 30a- 
    2(a) under the Investment Company Act of 1940. (EX-99.CERT)