N-Q 1 form.htm FORM N-Q form
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:    03/31/07 

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS 
Dreyfus Basic California Municipal Money Market Fund 
March 31, 2007 (Unaudited) 

    Coupon        Maturity    Principal     
Short-Term Investments--98.5%    Rate (%)        Date    Amount ($)    Value ($) 
California--83.0%                     
ABAG Finance Authority for                     
Non-Profit Corporations,                     
Revenue (Grauer Foundation for                     
Education Project) (LOC;                     
Comerica Bank)        3.67    4/7/07    4,000,000 a    4,000,000 
ABN AMRO Munitops Certificates                     
Trust (University of                     
California Regents, Medical                     
Center Pooled Revenue)                     
(Insured; MBIA and Liquidity                     
Facility; ABN-AMRO)        3.68    4/7/07    4,000,000 a,b    4,000,000 
Bakersfield,                     
COP, Refunding (Convention                     
Center-Arena Projects)                     
(Insured; AMBAC)        4.00    4/1/07    250,000    250,000 
California,                     
GO Notes        6.75    4/1/07    300,000    300,000 
California,                     
GO Notes        5.50    10/1/07    100,000    100,951 
California,                     
GO Notes        6.30    10/1/07    125,000    126,697 
California,                     
GO Notes, Refunding        5.00    10/1/07    400,000    402,925 
California,                     
RAN        4.50    6/29/07    350,000    350,777 
California,                     
Veterans GO Notes        4.65    12/1/07    100,000    100,671 
California Community College                     
Financing Authority, GO Notes,                     
TRAN (Insured; FSA)        4.50    6/29/07    150,000    150,278 
California Department of Water                     
Resources, Power Supply                     
Revenue (Insured; MBIA)        5.25    5/1/07    725,000    725,961 
California Department of Water                     
Resources, Power Supply                     
Revenue (LOC: California State                     
Teachers Retirement System and                     
The Bank of New York)        3.68    4/1/07    8,800,000 a    8,800,000 
California Health Facilities                     
Financing Authority, Revenue,                     
CP (Kaiser Permanente)        3.58    5/23/07    2,500,000    2,500,000 
California Infrastructure and                     
Economic Development Bank, IDR                 
(Starter and Alternator                     
Exchange, Inc. Project) (LOC;                     
California State Teachers                     

Retirement System)    3.76    4/7/07    1,100,000 a    1,100,000 
California Infrastucture and                 
Economic Development Bank,                 
Industrial Revenue (Nature                 
Kist Snacks Project) (LOC;                 
Wells Fargo Bank)    3.70    4/7/07    1,500,000 a    1,500,000 
California Pollution Control                 
Financing Authority, PCR                 
(Evergreen Oil Incorporated                 
Project) (LOC; Bank of The                 
West)    3.72    4/7/07    1,000,000 a    1,000,000 
California Pollution Control                 
Financing Authority, PCR,                 
Refunding (Pacific Gas and                 
Electric Company) (LOC;                 
JPMorgan Chase Bank)    3.69    4/1/07    3,300,000 a    3,300,000 
California Pollution Control                 
Financing Authority, SWDR                 
(Rainbow Disposal Company Inc.                 
Project) (LOC; Union Bank of                 
California)    3.74    4/7/07    3,910,000 a    3,910,000 
California Statewide Communities                 
Development Authority, MFHR                 
(Copeland Creek Apartments)                 
(Liquidity Facility; Goldman                 
Sachs Group Inc. and LOC;                 
Goldman Sachs Group Inc.)    3.75    4/7/07    400,000 a,b    400,000 
California Statewide Communities                 
Development Authority, MFHR                 
(Vista Montana Apartments)                 
(Liquidity Facility; Merrill                 
Lynch Capital Services and                 
LOC; Merrill Lynch)    3.74    4/7/07    2,460,000 a,b    2,460,000 
California Statewide Communities                 
Development Authority, Revenue                 
(Kaiser Permanente)    3.52    5/1/07    5,600,000    5,600,000 
California Statewide Communities                 
Development Authority,                 
Revenue, Refunding (University                 
Retirement Community at Davis                 
Project) (Insured; Radian Bank                 
and Liquidity Facility; Bank                 
of America)    3.73    4/1/07    3,800,000 a    3,800,000 
California Statewide Communities                 
Development Authority, TRAN                 
(Pooled Local Agencies)    4.50    6/29/07    240,000    240,502 
California Statewide Communities                 
Development Authority, TRAN                 
(San Bernardino County)    4.50    6/29/07    100,000    100,221 
Conejo Valley Unified School                 
District, GO Notes, TRAN    4.25    6/29/07    1,090,000    1,091,375 
Goldman Sachs Pool Trust,                 
Revenue (Liquidity Facility;                 
Goldman Sachs Group and LOC;                 

IXIS Corporate and Investment                 
Bank)    3.75    4/7/07    3,920,585 a,b    3,920,585 
Grossmont Union High School                 
District, GO Notes (Insured;                 
MBIA)    4.00    8/1/07    750,000    751,166 
Hughson Unified School District,                 
GO Notes (Insured; FSA)    10.00    8/1/07    120,000    122,437 
Long Beach,                 
Harbor Revenue    5.50    5/15/07    420,000    420,889 
Long Beach,                 
Harbor Revenue, Refunding                 
(Insured; MBIA)    5.00    5/15/07    120,000    120,154 
Los Angeles,                 
Wastewater System Revenue,                 
Refunding (Insured; FGIC and                 
Liquidity Facility; FGIC)    3.58    4/7/07    2,935,000 a    2,935,000 
Los Angeles County,                 
GO Notes, TRAN    4.50    6/29/07    4,100,000    4,107,750 
Los Angeles County Metropolitan                 
Transportation Authority,                 
Proposition C Sales Tax                 
Revenue (Insured; AMBAC)    5.90    7/1/07    650,000    653,750 
Los Angeles County Metropolitan                 
Transportation Authority,                 
Proposition C Sales Tax                 
Revenue (Insured; MBIA)    5.00    7/1/07    100,000    100,350 
Los Angeles County Metropolitan                 
Transportation Authority,                 
Proposition C Sales Tax                 
Revenue, Refunding (Insured;                 
MBIA)    5.00    7/1/07    280,000    281,004 
Los Angeles County Schools Pooled                 
Financing Program, Pooled                 
TRANS Participation                 
Certificates (Los Angeles                 
County School and Community                 
College Districts) (Insured;                 
FSA)    4.50    6/29/07    150,000    150,314 
Los Angeles Department of                 
Airports, Revenue, Refunding                 
(Ontario International                 
Airport) (Insured; MBIA)    4.50    5/15/07    1,000,000    1,001,183 
Los Angeles Department of Water                 
and Power, Power System Revenue    4.50    7/1/07    145,000    145,338 
Los Angeles Industrial Development                 
Authority, Empowerment Zone                 
Facility Revenue (Calko Steel                 
Incorporated Project) (LOC;                 
Comerica Bank)    3.72    4/7/07    2,050,000 a    2,050,000 
Los Angeles Municipal Improvement                 
Corporation, LR, CP (Liquidity                 
Facility; Bank of America)    3.62    8/1/07    1,000,000    1,000,000 
Los Angeles Unified School                 
District, GO Notes (Insured;                 

MBIA)    5.00    7/1/07    100,000    100,329 
Madera Irrigation Financing                 
Authority, Water Revenue                 
(Insured; XLCA and Liquidity                 
Facility; Dexia Credit Locale)    3.69    4/1/07    270,000 a    270,000 
Manteca Redevelopment Agency,                 
Subordinate Tax Allocation                 
Revenue, Refunding (Amended                 
Merged Project Area) (Insured;                 
XLCA and Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.69    4/1/07    250,000 a    250,000 
Menlo Park City School District,                 
GO Notes (Insured; FSA)    12.00    7/1/07    200,000    204,162 
Menlo Park Community Development                 
Agency, Tax Allocation                 
Revenue, Refunding (Las Pulgas                 
Community Development Project)                 
(Insured; AMBAC and Liquidity                 
Facility; State Street Bank                 
and Trust Co.)    3.69    4/1/07    1,400,000 a    1,400,000 
New Haven Unified School District,                 
GO Notes, Refunding (Insured;                 
FSA)    12.00    8/1/07    350,000    359,711 
Orange County,                 
Airport Revenue, Refunding                 
(Insured; MBIA)    6.00    7/1/07    100,000    100,520 
Orange County,                 
Recovery COP (Insured; MBIA)    6.00    7/1/07    100,000    100,597 
Oxnard Financing Authority,                 
Solid Waste Revenue, Refunding                 
(Insured; AMBAC)    4.00    5/1/07    600,000    600,080 
Pittsburg Redevelopment Agency,                 
Subordinate Tax Allocation                 
Revenue (Los Medanos Community             
Development Project) (Insured;                 
AMBAC and Liquidity Facility:                 
California State Teachers                 
Retirement System and State                 
Street Bank and Trust Co.)    3.69    4/1/07    5,000,000 a    5,000,000 
Pittsburg Redevelopment Agency,                 
Subordinate Tax Allocation                 
Revenue, Refunding (Los                 
Medanos Community Development             
Project) (Insured; AMBAC)    4.00    9/1/07    535,000    536,046 
Redlands Financing Authority,                 
Water Revenue, Refunding                 
(Insured; FSA)    4.40    9/1/07    115,000    115,399 
Riverside County Transportation                 
Commission, Sales Tax Revenue                 
(Insured; AMBAC)    5.25    6/1/07    125,000    125,347 
Riverside County Transportation                 
Commission, Sales Tax Revenue                 
(Insured; AMBAC)    5.75    6/1/07    175,000    175,600 

Sacramento County,                 
GO Notes, TRAN    4.50    7/17/07    130,000    130,290 
Salinas Valley Solid Waste                 
Authority, Revenue (Insured;                 
AMBAC)    5.00    8/1/07    535,000    537,434 
San Diego County Regional                 
Transportation Commission,                 
Second Senior Sales Tax                 
Revenue, Refunding (Insured;                 
FGIC)    5.25    4/1/07    100,000    100,000 
San Diego County Water Authority,                 
CP (Liquidity Facility; Dexia                 
Credit Locale)    3.58    5/9/07    1,000,000    1,000,000 
San Francisco City and County                 
Airport Commission, San                 
Francisco International                 
Airport Second Series Revenue,                 
Refunding (Issue 20) (Insured;                 
MBIA)    5.00    5/1/07    200,000    200,238 
San Francisco City and County                 
Airport Commission, San                 
Francisco International                 
Airport Second Series Revenue,                 
Refunding (Issue 27B)                 
(Insured; FGIC)    4.00    5/1/07    210,000    210,049 
San Ysidro School District,                 
COP (School Facilities                 
Project) (Insured; MBIA)    4.05    9/1/07    100,000    100,203 
Santa Ana Financing Authority,                 
LR, Refunding (Police                 
Administration and Holding                 
Facility) (Insured; MBIA)    4.00    7/1/07    940,000    941,106 
Santa Clara County Financing                 
Authority, LR (Multiple                 
Facilities Projects) (Insured;                 
AMBAC)    5.50    5/15/07    150,000    150,347 
South Coast Local Education                 
Agencies, TRAN (Pooled Tax and             
Revenue Anticipation Note                 
Program)    4.50    6/29/07    1,220,000    1,222,607 
South Orange County Public                 
Financing Authority, Special                 
Tax Revenue (Foothill Area)                 
(Insured; FGIC)    7.50    8/15/07    300,000    304,319 
Stockton,                 
Health Facility Revenue                 
(Dameron Hospital Association)                 
(LOC; U.S. Bank NA)    3.69    4/1/07    100,000 a    100,000 
Stockton Community Facilities                 
District, Special Tax Revenue                 
(Arch Road East Community                 
Facilities District Number                 
99-02) (LOC; Wells Fargo Bank)    3.58    4/7/07    2,335,000 a    2,335,000 
Turlock Irrigation District,                 

CP (LOC; Citibank NA)    3.53    5/10/07    3,000,000    3,000,000 
University of California,                 
Revenue, CP    3.58    5/9/07    1,500,000    1,500,000 
University of California Regents,                 
General Revenue (Insured;                 
AMBAC)    5.00    5/15/07    405,000    405,650 
West Covina Public Financing                 
Authority, LR, Refunding                 
(Public Facilities Project)                 
(LOC; California State                 
Teachers Retirement System)    3.61    4/7/07    2,695,000 a    2,695,000 
 
U.S. Related--15.5%                 
Guam,                 
Limited Obligation Section 30                 
Revenue (Insured; FSA)    3.70    12/1/07    100,000    100,029 
Puerto Rico Aqueduct and Sewer                 
Authority, Revenue (Liquidity                 
Facility; Citigroup Global                 
Market Holding and LOC;                 
Citigroup Global Market                 
Holding)    3.71    4/7/07    6,500,000 a,b    6,500,000 
Puerto Rico Aqueduct and Sewer                 
Authority, Revenue, Refunding                 
(Insured; MBIA)    6.00    7/1/07    165,000    166,017 
Puerto Rico Commonwealth,                 
Public Improvement GO Notes                 
(Insured; MBIA)    6.50    7/1/07    175,000    176,282 
Puerto Rico Commonwealth,                 
Public Improvement GO Notes,                 
Refunding (Insured; FGIC)    5.00    7/1/07    260,000    260,937 
Puerto Rico Commonwealth,                 
TRAN (LOC: Banco Bilboa                 
Vizcaya, Banco Santander, Bank             
of Nova Scotia, BNP Paribas,                 
Dexia Credit Locale and Fortis                 
Bank)    4.50    7/30/07    5,700,000    5,718,199 
Puerto Rico Electric Power                 
Authority, Power Revenue                 
(Insured; MBIA)    5.00    7/1/07    100,000    100,343 
Puerto Rico Electric Power                 
Authority, Power Revenue                 
(Insured; MBIA)    5.20    7/1/07    140,000    140,554 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    4.50    7/1/07    350,000    350,852 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    5.25    7/1/07    100,000    100,391 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    5.50    7/1/07    125,000    125,587 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 

Refunding (Insured; MBIA)    7.00    7/1/07    1,000,000    1,007,979 
Puerto Rico Electric Power                 
Authority, Power Revenue,                 
Refunding (Insured; MBIA)    7.00    7/1/07    150,000    151,266 
Puerto Rico Highways and                 
Transportation Authority,                 
Highway Revenue (Insured; MBIA)    6.25    7/1/07    140,000    140,915 
Puerto Rico Highways and                 
Transportation Authority,                 
Transportation Revenue                 
(Insured; AMBAC)    4.30    7/1/07    375,000    375,000 
Puerto Rico Highways and                 
Transportation Authority,                 
Transportation Revenue                 
(Insured; AMBAC)    4.30    7/1/07    50,000    50,000 
Puerto Rico Industrial Tourist                 
Educational Medical and                 
Environmental Control                 
Facilities Authority, Higher                 
Education Revenue (Inter                 
American University of Puerto                 
Rico Project) (Insured; MBIA)    5.00    10/1/07    100,000    100,672 
Puerto Rico Municipal Finance                 
Agency, GO Notes (Insured; FSA)    4.00    8/1/07    435,000    435,633 
Puerto Rico Municipal Finance                 
Agency, GO Notes (Insured; FSA)    5.50    8/1/07    150,000    150,958 
Puerto Rico Municipal Finance                 
Agency, GO Notes, Refunding    5.50    8/1/07    300,000    301,835 
Puerto Rico Public Finance                 
Corporation, Revenue                 
(Commonwealth Appropriation)                 
(Insured; AMBAC)    5.00    6/1/07    100,000    100,221 
 
 
Total Investments (cost $104,893,982)            98.5%    104,893,982 
Cash and Receivables (Net)            1.5%    1,563,513 
Net Assets            100.0%    106,457,495 

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, 2007, these securities 
    amounted to $17,280,585 or 16.2% 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    Environmental 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 
            Corporation 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    PILOT    Payment in Lieu of Taxes 
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, 2007 (Unaudited) 

    Coupon        Maturity    Principal     
Short-Term Investments--100.4%    Rate (%)        Date    Amount ($)    Value ($) 
ABN AMRO Munitops Certificates                     
Trust (Massachusetts Water                     
Resources Authority) (Insured;                     
FSA and Liquidity Facility;                     
ABN-AMRO)        3.69    4/7/07    5,845,000 a    5,845,000 
Ayer,                     
GO Notes, BAN        4.50    6/1/07    1,150,600    1,152,119 
Boston Industrial Development                     
Financing Authority, Revenue                     
(Fenway Community Health                     
Center Project) (LOC; Fifth                     
Third Bank)        3.62    4/7/07    4,240,000 a    4,240,000 
Boston Industrial Development                     
Financing Authority, Revenue                     
(Fenway Community Health                     
Center Project) (LOC; Fifth                     
Third Bank)        3.62    4/7/07    6,000,000 a    6,000,000 
Braintree,                     
GO Notes, BAN        4.00    11/14/07    4,500,000    4,513,517 
Canton Housing Authority,                     
MFHR, Refunding (Canton                     
Arboretum Apartments)                     
(Insured; FNMA)        3.70    4/7/07    6,665,000 a    6,665,000 
Eclipse Funding Trust,                     
Revenue (Massachusetts Water                     
Resources Authority) (Insured;                     
MBIA and Liquidity Facility;                     
U.S. Bank)        3.67    4/7/07    6,000,000 a    6,000,000 
Marblehead,                     
GO Notes, BAN        4.25    8/17/07    2,226,500    2,231,776 
Massachusetts,                     
(Putters Program) (Insured;                     
AMBAC and Liquidity Facility;                     
JPMorgan Chase Bank)        3.68    4/7/07    4,000,000 a    4,000,000 
Massachusetts,                     
GO (Central Artery/Ted                     
Williams Tunnel Infrastructure                     
Loan Act of 2000) (Liquidity                     
Facility; Landesbank                     
Baden-Wurttemberg)        3.80    4/1/07    1,500,000 a    1,500,000 
Massachusetts,                     
GO, Refunding (Liquidity                     
Facility; Landesbank                     
Hessen-Thuringen Girozentrale)        3.70    4/7/07    2,850,000 a    2,850,000 
Massachusetts Bay Transportation                     
Authority, General                     
Transportation Systems, GO                     

Notes (Liquidity Facility;                 
Westdeutsche Landesbank)    3.62    4/7/07    3,500,000 a    3,500,000 
Massachusetts Development Finance                 
Agency, Revenue (Boston                 
Children's Museum Issue) (LOC;                 
Royal Bank of Scotland)    3.62    4/7/07    2,250,000 a    2,250,000 
Massachusetts Development Finance                 
Agency, Revenue (Brandon                 
Residential Treatment Center,                 
Inc. Project) (LOC; SunTrust                 
Bank)    3.65    4/7/07    1,775,000 a    1,775,000 
Massachusetts Development Finance                 
Agency, Revenue (Checon                 
Corporation Issue) (LOC; Bank                 
of America)    3.68    4/7/07    3,475,000 a    3,475,000 
Massachusetts Development Finance                 
Agency, Revenue (Dexter School                 
Project) (Insured; MBIA and                 
Liquidity Facility; Wachovia                 
Bank)    3.68    4/7/07    1,000,000 a    1,000,000 
Massachusetts Development Finance                 
Agency, Revenue (Harvard                 
University Issue)    3.57    4/1/07    2,900,000 a    2,900,000 
Massachusetts Development Finance                 
Agency, Revenue (Holy Cross                 
College Issue) (Insured; AMBAC                 
and Liquidity Facility; Morgan                 
Stanley Bank)    3.68    4/7/07    1,600,000 a,b    1,600,000 
Massachusetts Development Finance                 
Agency, Revenue (Meadowbrook                 
School Project) (LOC; Allied                 
Irish Banks)    3.65    4/7/07    1,370,000 a    1,370,000 
Massachusetts Development Finance                 
Agency, Revenue (WGBH                 
Educational Foundation Issue)                 
(Insured; AMBAC and Liquidity                 
Facility; Royal Bank of Canada)    3.65    4/7/07    4,545,000 a    4,545,000 
Massachusetts Development Finance                 
Agency, Revenue (Worcester                 
Academy Issue) (LOC; Allied                 
Irish Banks)    3.68    4/7/07    3,000,000 a    3,000,000 
Massachusetts Development Finance                 
Agency, Revenue (Youth                 
Opportunities Upheld Inc.                 
Issue) (LOC; PNC Bank)    3.63    4/7/07    3,870,000 a    3,870,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Amherst                 
College Issue)    3.60    1/10/08    3,000,000    3,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Capital                 
Asset Program Issue) (LOC;                 
Bank of America)    3.73    4/1/07    1,500,000 a    1,500,000 

Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Emmanuel                 
College Issue) (LOC: Allied                 
Irish Banks and State Street                 
Bank and Trust Co.)    3.67    4/7/07    9,450,000 a    9,450,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue                 
(Massachusetts Institute of                 
Technology Issue)    3.55    4/7/07    5,000,000 a    5,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Partners                 
HealthCare System Issue) (LOC;                 
Citibank NA)    3.65    4/7/07    6,000,000 a    6,000,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Peabody                 
Essex Museum Issue) (LOC;                 
Royal Bank of Scotland)    3.62    4/7/07    4,200,000 a    4,200,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Putters                 
Program) (Insured; FGIC and                 
Liquidity Facility; JPMorgan                 
Chase Bank)    3.68    4/7/07    4,500,000 a    4,500,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (University                 
of Massachusetts Issue) (LOC;                 
Dexia Credit Locale)    3.60    4/7/07    1,500,000 a    1,500,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Wellesley                 
College Issue)    3.65    4/7/07    4,675,000 a    4,675,000 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Williams                 
College Issue)    3.60    4/7/07    3,500,000 a    3,500,000 
Massachusetts Industrial Finance                 
Agency, First Mortgage Revenue                 
(Orchard Cove Inc.) (LOC; Bank                 
of America)    3.65    4/7/07    1,600,000 a    1,600,000 
Massachusetts School Building                 
Authority, Dedicated Sales Tax                 
Revenue (Insured; FSA and                 
Liquidity Facility; Morgan                 
Stanley Bank)    3.68    4/7/07    3,500,000 a,b    3,500,000 
Massachusetts Water Resources                 
Authority, Multi-Modal                 
Subordinated General Revenue                 
(LOC; Landesbank                 
Hessen-Thuringen Girozentrale)    3.57    4/7/07    2,165,000 a    2,165,000 

Massachusetts Water Resources                 
Authority, Multi-Modal                 
Subordinated General Revenue,                 
Refunding (Insured; FGIC and                 
Liquidity Facility; Bayerische                 
Landesbank)    3.65    4/7/07    3,700,000 a    3,700,000 
Massachussetts Water Resources                 
Authority, Multi-Modal                 
Subordinated General Revenue,                 
Refunding (Insured; FGIC and                 
Liquidity Facility; Dexia                 
Credit Locale)    3.65    4/7/07    2,600,000 a    2,600,000 
Northborough-Southborough Regional                 
School District, GO Notes, BAN    4.00    10/25/07    2,500,000    2,506,565 
Raynham,                 
GO Notes, BAN    4.35    8/24/07    1,900,000    1,905,827 
 
 
Total Investments (cost $135,584,804)            100.4%    135,584,804 
Liabilities, Less Cash and Receivables            (.4%)    (540,138) 
Net Assets            100.0%    135,044,666 

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, 2007, these securities 
    amounted to $5,100,000 or 3.8% 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    Environmental 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 
            Corporation 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    PILOT    Payment in Lieu of Taxes 
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, 2007 (Unaudited) 

    Coupon        Maturity    Principal     
Short-Term Investments--99.3%    Rate (%)        Date    Amount ($)    Value ($) 
New York--95.5%                     
ABN AMRO Munitops Certificate                     
Trust (Cornell University)                     
(Liquidity Facility; ABN-AMRO)        3.68    4/7/07    6,710,000 a,b    6,710,000 
Albany Housing Authority,                     
Revenue (Nutgrove Garden                     
Apartments Project) (LOC;                     
Citizens Bank of Massachusetts)        3.69    4/7/07    1,600,000 a    1,600,000 
Albany Industrial Development                     
Agency, Civic Facility Revenue                     
(Albany College of Pharmacy                     
Project) (LOC; TD Banknorth,                     
N.A.)        3.68    4/7/07    3,700,000 a    3,700,000 
Albany Industrial Development                     
Agency, Civic Facility Revenue                     
(Albany Medical Center                     
Hospital Project) (LOC;                     
Citizens Bank of Rhode Island)        3.65    4/7/07    5,855,000 a    5,855,000 
Albany Industrial Development                     
Agency, Civic Facility Revenue                     
(Corning Preserve/Hudson                     
Riverfront Development                     
Project) (LOC; Key Bank)        3.68    4/7/07    1,360,000 a    1,360,000 
Albany Industrial Development                     
Agency, Civic Facility Revenue                     
(University at Albany                     
Foundation Student Housing                     
Corporation - Empire Commons                     
East Project) (Insured; AMBAC                     
and Liquidity Facility; Key                     
Bank)        3.68    4/7/07    3,970,000 a    3,970,000 
Auburn Industrial Development                     
Authority, IDR (Fat Tire LLC                     
Project) (LOC; Citizens Bank                     
of Pennsylvania)        3.80    4/7/07    1,215,000 a    1,215,000 
Brewster,                     
GO Notes, BAN        4.80    5/18/07    2,700,000    2,702,201 
Broome County Industrial                     
Development Agency, IDR                     
(Parlor City Paper Box                     
Company, Inc. Facility) (LOC;                     
The Bank of New York)        3.73    4/7/07    3,060,000 a    3,060,000 
Burnt Hills-Ballston Lake Central                     
School District, GO Notes, TAN        4.50    7/6/07    1,500,000    1,502,461 
Chautauqua County,                     
GO Notes, TAN        4.00    12/21/07    1,170,000    1,173,278 
Cohoes Industrial Development                     

Agency, Civic Facility Revenue                 
(Columbia Crest Senior Housing                 
Project) (LOC; Key Bank)    3.68    4/7/07    4,980,000 a    4,980,000 
Colonie,                 
GO Notes, BAN    4.25    4/5/07    2,000,000    2,000,108 
East Syracuse-Minoa Central School                 
District, GO Notes, BAN    4.65    7/20/07    1,220,000    1,222,819 
Erie County Industrial Development                 
Agency, Civic Facility Revenue                 
(Every Person Influences                 
Children, Inc. Project) (LOC;                 
Fifth Third Bank)    3.66    4/7/07    1,265,000 a    1,265,000 
Lancaster Industrial Development                 
Agency, IDR (Jiffy-Tite                 
Company, Inc. Project) (LOC;                 
Key Bank)    3.80    4/7/07    1,115,000 a    1,115,000 
Long Island Power Authority,                 
Electric System General                 
Revenue (Insured; MBIA)    5.00    4/1/07    235,000    235,000 
Metropolitan Transportation                 
Authority, Dedicated Tax Fund,                 
Refunding (Insured; XLCA and                 
Liquidity Facility; Citibank                 
NA)    3.65    4/7/07    10,400,000 a    10,400,000 
Metropolitan Transportation                 
Authority, Transportation                 
Revenue (Insured; AMBAC and                 
Liquidity Facility; PB Finance                 
Inc.)    3.70    4/7/07    6,795,000 a,b    6,795,000 
Metropolitan Transportation                 
Authority, Transportation                 
Revenue (Insured; AMBAC and                 
Liquidity Facility; The Bank                 
of New York)    3.68    4/7/07    5,660,000 a,b    5,660,000 
Metropolitan Transportation                 
Authority, Transportation                 
Revenue, CP (LOC; ABN-AMRO)    3.65    7/10/07    6,500,000    6,500,000 
Monroe County Industrial                 
Development Agency, Civic                 
Facility Revenue (YMCA of                 
Greater Rochester Project)                 
(LOC; M&T Bank)    3.70    4/7/07    2,500,000 a    2,500,000 
Monroe County Industrial                 
Development Agency, Civic                 
Facility Revenue (YMCA of                 
Greater Rochester Project)                 
(LOC; M&T Bank)    3.70    4/7/07    5,345,000 a    5,345,000 
Nassau County,                 
GO Notes, TAN    4.25    9/30/07    5,000,000    5,017,641 
Nassau County Industrial                 
Development Agency, Civic                 
Facility Revenue (North Shore                 
Hebrew Academy High School                 
Project) (LOC; Comerica Bank)    3.67    4/7/07    11,730,000 a    11,730,000 

New York City                 
(Putters Program) (Insured;                 
XLCA and Liquidity Facility;                 
JPMorgan Chase Bank)    3.69    4/7/07    2,100,000 a,b    2,100,000 
New York City,                 
CP (Insured; MBIA and                 
Liquidity Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    3.68    7/12/07    4,500,000    4,500,000 
New York City,                 
GO Notes    5.00    8/1/07    3,000,000    3,013,700 
New York City,                 
GO Notes    5.00    8/1/07    3,835,000    3,852,642 
New York City,                 
GO Notes    5.25    8/1/07    400,000    402,038 
New York City,                 
GO Notes    5.63    8/1/07    3,000,000    3,019,296 
New York City Housing Development             
Corporation, Multi-Family                 
Rental Housing Revenue (West                 
89th Street Development)                 
(Insured; FNMA)    3.67    4/7/07    13,000,000 a    13,000,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue (Birch Wathen                 
Lenox School Project) (LOC;                 
Allied Irish Bank)    3.67    4/7/07    5,250,000 a    5,250,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue (Ethical                 
Culture Fieldston School                 
Project) (Insured; XLCA and                 
Liquidity Facility; Dexia                 
Credit Locale)    3.64    4/7/07    8,335,000 a    8,335,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue (Hewitt                 
School Project) (LOC; Allied                 
Irish Bank)    3.67    4/7/07    1,570,000 a    1,570,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue (Mercy                 
College Project) (LOC; Key                 
Bank)    3.67    4/7/07    4,300,000 a    4,300,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue (Sephardic                 
Community Youth Center, Inc.                 
Project) (LOC; M&T Bank)    3.70    4/7/07    5,000,000 a    5,000,000 
New York City Industrial                 
Development Agency, Civic                 
Facility Revenue                 
(Spence-Chapin, Services to                 
Families and Children Project)                 
(LOC; Allied Irish Bank)    3.67    4/7/07    4,000,000 a    4,000,000 

New York Counties Tobacco Trust                 
IV, Tobacco Settlement                 
Pass-Through Bonds (Liquidity                 
Facility; Merrill Lynch                 
Capital Services and LOC;                 
Merrill Lynch)    3.70    4/7/07    18,080,000 a,b    18,080,000 
New York State Dormitory                 
Authority, Revenue (Park Ridge                 
Hospital Inc.) (LOC; JPMorgan                 
Chase Bank)    3.69    4/7/07    4,500,000 a    4,500,000 
New York State Energy Research and             
Development Authority, Revenue                 
(Consolidated Edison Company                 
of New York, Inc. Project)                 
(LOC; Citibank NA)    3.67    4/7/07    9,700,000 a    9,700,000 
New York State Housing Finance                 
Agency, Housing Revenue (250                 
West 93rd Street) (LOC; Bank                 
of America)    3.69    4/7/07    6,900,000 a    6,900,000 
New York State Housing Finance                 
Agency, Housing Revenue                 
(Gateway to New Cassel) (LOC;                 
JPMorgan Chase Bank)    3.68    4/7/07    2,300,000 a    2,300,000 
New York State Housing Finance                 
Agency, Housing Revenue (Rip                 
Van Winkle House) (Insured;                 
FHLMC and Liquidity Facility;                 
FHLMC)    3.69    4/7/07    4,700,000 a    4,700,000 
New York State Housing Finance                 
Agency, Revenue (Worth Street)                 
(LOC; FNMA)    3.66    4/7/07    9,400,000 a    9,400,000 
New York State Thruway Authority,                 
Highway and Bridge Trust Fund                 
(Insured; FGIC)    5.00    4/1/07    135,000    135,000 
New York State Urban Development                 
Corporation, Correctional and                 
Youth Facilities Service                 
Contract Revenue (Liquidity                 
Facility; Merrill Lynch                 
Capital Services and LOC;                 
Merrill Lynch)    3.70    4/7/07    7,375,000 a,b    7,375,000 
Newburgh Industrial Development                 
Agency, Civic Facility Revenue                 
(Community Development                 
Properties Dubois Street II,                 
Inc. Project) (LOC; Key Bank)    3.68    4/7/07    10,730,000 a    10,730,000 
Newburgh Industrial Development                 
Agency, MFHR (Belvedere                 
Housing Project) (Liquidity                 
Facility; Merrill Lynch)    3.76    4/7/07    3,090,000 a,b    3,090,000 
Olean,                 
GO Notes, RAN    4.50    8/30/07    1,300,000    1,303,646 
Onondaga County Industrial                 
Development Agency, Civic                 

Facility Revenue (Onondaga                 
Community College Housing                 
Development Corporation                 
Project) (LOC; Citizens Bank                 
of Massachusetts)    3.65    4/7/07    3,825,000 a    3,825,000 
Otsego County Industrial                 
Development Agency, Civic                 
Facility Revenue (Noonan                 
Community Service Corporation                 
Project) (LOC; FHLB)    3.66    4/7/07    1,365,000 a    1,365,000 
Patchogue-Medford Union Free                 
School District, GO Notes, TAN    4.50    6/29/07    5,400,000    5,408,115 
Pearl River Union Free School                 
District, GO Notes, TAN    4.50    6/28/07    2,300,000    2,303,359 
Port Authority of New York and New                 
Jersey, CP (Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    3.65    5/4/07    2,500,000    2,500,000 
Putnam County,                 
GO Notes, TAN    4.00    11/15/07    2,800,000    2,806,787 
Putnam County Industrial                 
Development Agency, Civic                 
Facility Revenue (United                 
Cerebral Palsy of Putnam and                 
Southern Dutchess Project)                 
(LOC; Commerce Bank N.A.)    3.70    4/7/07    8,025,000 a    8,025,000 
Rockland County Industrial                 
Development Agency, Civic                 
Facility Revenue (Dominican                 
College of Blauvelt Project)                 
(LOC; Commerce Bank N.A.)    3.68    4/7/07    2,000,000 a    2,000,000 
Saint Lawrence County Industrial                 
Development Agency, Civic                 
Facility Revenue                 
(Canton-Potsdam Hospital                 
Project) (LOC; Key Bank)    3.68    4/7/07    10,910,000 a    10,910,000 
Shenendehowa Central School                 
District, GO Notes, BAN    4.50    6/29/07    3,000,000    3,000,000 
South Country Central School                 
District at Brookhaven, GO                 
Notes, BAN    4.25    1/18/08    1,000,000    1,003,464 
Syracuse Industrial Development                 
Agency, Civic Facility                 
Revenue, Refunding (Crouse                 
Health Hospital, Inc. Project)                 
(LOC; M&T Bank)    3.70    4/7/07    4,000,000 a    4,000,000 
Tobacco Settlement Financing                 
Corporation of New York,                 
Asset-Backed Revenue Bonds                 
(State Contingency Contract                 
Secured)    5.00    6/1/07    1,305,000    1,307,871 
Tompkins-Seneca-Tioga Board of                 
Cooperative Educational                 
Services Sole Supervisory                 

District, RAN    4.25    6/29/07    1,925,000    1,927,345 
TSASC Inc. of New York,                 
Tobacco Settlement                 
Asset-Backed Bonds (Liquidity                 
Facility; Merrill Lynch)    3.71    4/7/07    4,750,000 a,b    4,750,000 
Westchester County Industrial                 
Development Agency, Civic                 
Facility Revenue (Banksville                 
Independent Fire Company, Inc.                 
Civic Facility) (LOC; The Bank                 
of New York)    3.69    4/7/07    900,000 a    900,000 
Westchester County Industrial                 
Development Agency, Civic                 
Facility Revenue (Mercy                 
College Project) (LOC; Key                 
Bank)    3.67    4/7/07    3,100,000 a    3,100,000 
Westchester County Industrial                 
Development Agency, Civic                 
Facility Revenue (Northern                 
Westchester Hospital                 
Association Civic Facility)                 
(LOC; Commerce Bank N.A.)    3.68    4/7/07    6,800,000 a    6,800,000 
Westchester Tobacco Asset                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds (Liquidity                 
Facility; Merrill Lynch                 
Capital Services and LOC;                 
Merrill Lynch)    3.70    4/7/07    8,030,000 a,b    8,030,000 
 
U.S. Related--3.8%                 
Puerto Rico Aqueduct and Sewer                 
Authority, Revenue (Liquidity                 
Facility; Citigroup Global                 
Market Holding and LOC;                 
Citigroup Global Market                 
Holding)    3.71    4/7/07    7,900,000 a,b    7,900,000 
Puerto Rico Industrial Tourist                 
Educational Medical and                 
Environmental Control                 
Facilities Financing                 
Authority, Environmental                 
Control Facilities Revenue                 
(Bristol-Myers Squibb Company                 
Project)    3.70    4/7/07    4,400,000 a    4,400,000 
 
 
Total Investments (cost $320,431,771)            99.3%    320,431,771 
Cash and Receivables (Net)            .7%    2,250,765 
Net Assets            100.0%    322,682,536 

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, 2007, these securities 

amounted to $70,490,000 or 21.8% 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    Environmental 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 
            Corporation 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    PILOT    Payment in Lieu of Taxes 
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/ J. David Officer 
    J. David Officer 
    President
 
Date:    May 21, 2007 

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:    May 21, 2007 
 
By:    /s/ James Windels 
    James Windels
    Chief Financial Officer 
 
Date:    May 21, 2007 

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)