N-Q 1 formnq.htm FORM NQ-928 formnq
    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 811-3757 
 
DREYFUS PREMIER CALIFORNIA TAX EXEMPT BOND FUND, INC. 
    (Exact name of Registrant as specified in charter) 
 
 
    c/o The Dreyfus Corporation 
    200 Park Avenue 
    New York, New York 10166 
    (Address of principal executive offices) (Zip code) 
 
    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:    5/31 
 
Date of reporting period:    2/28/05 


FORM N-Q

Item 1. Schedule of Investments.

Dreyfus Premier California Tax Exempt Bond Fund, Inc. 
Statement of Investments 
February 28, 2005 (Unaudited) 

Long-Term Municipal Investments--95.8%    Principal     
    Amount ($)    Value ($) 
California-87.6%             
 
ABAG Finance Authority for Nonprofit Corps., Revenue:             
Multi Family Housing             
(Central Park Apartments):             
5.50%, 7/1/2019    1,010,000        1,060,449 
5.60%, 7/1/2038    5,815,000        5,942,232 
(Sansum-Santa Barbara Medical) 5.50%, 4/1/2021    3,500,000        3,766,420 
 
Alameda Corridor Transportation Authority, Revenue             
Zero Coupon, 10/1/2032 (Insured; MBIA)    8,000,000        1,907,040 
 
Alameda County, COP:             
8.83%, 12/1/2013 (Insured; MBIA)    5,000,000    a,b    6,240,550 
Financing Project             
6%, 9/1/2021 (Insured; MBIA) (Prerefunded 9/1/2006)    2,650,000    c    2,831,419 
 
Anaheim Public Finance Authority, Tax Allocation Revenue         
6.45%, 12/28/2018 (Insured; MBIA)    26,000,000        28,986,100 
 
California:             
Economic Recovery:             
5.25%, 7/1/2013 (Insured; MBIA)    11,740,000        13,165,001 
5.25%, 7/1/2013    30,000,000        33,457,800 
5%, 7/1/2016    14,500,000        15,636,945 
GO:             
9.305%, 12/1/2018 (Insured; FSA)    375,000    a,b    383,708 
5.25%, 4/1/2027    6,475,000        6,916,012 
5.50%, 4/1/2028    1,000,000        1,096,970 
Various Purpose             
6.125%, 10/1/2011 (Insured; FGIC)    2,875,000        3,346,960 
 
California Department of Veteran Affairs,             
Home Purchase Revenue:             
5.50%, 12/1/2019    11,380,000        12,111,393 
5.20%, 12/1/2028    10,000,000        10,016,500 
 
California Department of Water Resources, Revenue:             
Power Supply:             
5.875%, 5/1/2016    10,000,000        11,341,200 
5.375%, 5/1/2018 (Insured; AMBAC)    30,585,000        34,012,661 
Water             
(Central Valley Project)             
5%, 12/1/2016 (Insured; MBIA)    8,000,000        8,759,120 


California Educational Facilities Authority, Revenue     
(Pooled College and University Projects)         
5.625%, 7/1/2023    1,275,000    1,195,223 
 
California Health Facilities Financing Authority,     
Revenue:         
(Cedars-Sinai Medical Center):         
6.125%, 12/1/2030    30,695,000    33,268,776 
6.25%, 12/1/2034    9,460,000    10,324,833 
Health Facility (Adventist Health System/West)     
5%, 3/1/2033    2,425,000    2,448,401 
(Sutter Health):         
5.35%, 8/15/2028 (Insured; MBIA)    3,780,000    4,069,435 
6.25%, 8/15/2035    6,965,000    7,841,685 
 
California Housing Finance Agency:         
MFHR:         
6.15%, 8/1/2022 (Insured; AMBAC)    1,845,000    1,918,376 
6.30%, 8/1/2026 (Insured; AMBAC)    7,130,000    7,346,110 
Single Family Mortgage:         
6.25%, 8/1/2014 (Insured; AMBAC)    360,000    361,876 
6.30%, 8/1/2024    1,155,000    1,187,663 
6.45%, 8/1/2025    1,005,000    1,017,532 
 
California Pollution Control Financing Authority,     
PCR:         
10.143%, 6/1/2014    5,500,000 a,b    7,350,750 
10.143%, 6/1/2014 (Insured; MBIA)    24,165,000 a,b    32,296,522 
(Southern California Edison Co.)         
6.40%, 12/1/2024    12,600,000    12,632,760 
SWDR:         
(Browning Ferris Industries):         
5.80%, 12/1/2016    2,000,000    1,900,080 
6.75%, 9/1/2019    600,000    596,706 
(Keller Canyon Landfill Co. Project)         
6.875%, 11/1/2027    1,000,000    1,010,600 
 
California Public Works Board, LR:         
(Department of Corrections, Calipatria State Prison,     
Imperial County)         
6.50%, 9/1/2017 (Insured; MBIA)    13,000,000    16,050,970 
(Various University of California Projects)         
5.50%, 6/1/2014    5,000,000    5,588,350 
 
California State University, Fresno Association Inc.,     
Auxiliary Organization Event Center Revenue:     
6%, 7/1/2022    3,500,000    3,693,900 
6%, 7/1/2026    2,500,000    2,662,125 
6%, 7/1/2031    5,250,000    5,544,158 
 
California Statewide Communities         
Development Authority:         
COP:         
(Catholic Healthcare West)         
6.50%, 7/1/2020    4,000,000    4,457,720 
(Motion Picture and Television Fund)         
6.45%, 1/1/2022 (Insured; AMBAC)    5,700,000    5,768,571 
(The Internext Group)         
5.375%, 4/1/2030    20,000,000    19,843,800 
Revenue:         
(Daughters of Charity Health System)         
5.25%, 7/1/2035    13,250,000 d    13,608,810 
(Kaiser Permanente):         
3.45%, 5/1/2011    10,000,000    9,821,600 
5.50%, 11/1/2032    13,500,000    14,172,165 
(Sutter Health)         
5.50%, 8/15/2028    14,000,000    14,856,240 
(The California Endowment):         
5%, 7/1/2028    15,360,000    16,034,918 
5%, 7/1/2033    16,710,000    17,396,781 
5%, 7/1/2036    14,355,000    14,939,966 


Capistrano Unified School District:             
Community Facilities District             
Special Tax Number 98 (Ladera)             
5.75%, 9/1/2029    5,500,000        5,675,890 
School Facilities Improvement District Number 1             
6%, 8/1/2024 (Insured; FGIC)    2,075,000        2,364,089 
 
Castaic Lake Water Agency, COP, Revenue             
(Water System Improvement Project)             
Zero Coupon, 8/1/2027 (Insured; AMBAC)    10,000,000        3,207,800 
 
Central California Joint Powers             
Health Financing Authority, COP             
(Community Hospitals of Central California):             
6%, 2/1/2030    4,000,000        4,165,520 
5.75%, 2/1/2031    18,500,000        19,045,565 
 
Contra Costa County Public Finance Authority,             
Tax Allocation Revenue (Pleasant Hill)             
5.45%, 8/1/2028    2,840,000        2,925,882 
 
Contra Costa Water District, Water Revenue             
5%, 10/1/2019 (Insured; FSA)    1,000,000        1,074,480 
 
Cucamonga County Water District, COP             
5.25%, 9/1/2025 (Insured; FGIC)    5,555,000        5,968,570 
 
Del Mar Race Track Authority, Revenue             
6.20%, 8/15/2011    2,000,000        2,116,960 
 
Delano, COP (Delano Regional Medical Center)             
5.25%, 1/1/2018    13,500,000        13,380,930 
 
Elsinore Valley Municipal Water District, COP:             
5.375%, 7/1/2018 (Insured; FGIC)    2,000,000        2,276,500 
5.375%, 7/1/2019 (Insured; FGIC)    3,855,000        4,408,578 
 
Escondido Improvement Board             
5.70%, 9/2/2026    1,335,000        1,374,302 
 
Fontana, Special Tax             
5.25%, 9/1/2017 (Insured; MBIA)    10,000,000        10,901,300 
 
Fontana Public Financing Authority,             
Tax Allocation Revenue             
(North Fontana Redevelopment Project):             
5%, 10/1/2021 (Insured; AMBAC)    5,000,000        5,350,000 
5%, 10/1/2022 (Insured; AMBAC)    5,000,000        5,327,950 
5.50%, 9/1/2032 (Insured; AMBAC)    13,800,000        14,950,368 
 
Foothill/Eastern Transportation Corridor Agency,             
Toll Road Revenue             
5.75%, 1/15/2040    500,000        509,195 
 
Fremont Union High School District:             
5%, 9/1/2020 (Insured; FGIC)    5,000,000        5,405,450 
5.25%, 9/1/2022 (Insured; FGIC) (Prerefunded 9/1/2010)    3,400,000    c    3,757,578 
5.25%, 9/1/2023 (Insured; FGIC) (Prerefunded 9/1/2010)    4,000,000    c    4,420,680 
5.25%, 9/1/2025 (Insured; FGIC) (Prerefunded 9/1/2010)    11,295,000    c    12,482,895 
 
Fresno, Sewer Revenue             
5.25%, 9/1/2019 (Insured; AMBAC)    12,400,000        14,057,012 
 
Fullerton Community Facilities District Number 1,             
Special Tax (Amerige Heights):             
6.10%, 9/1/2022    1,000,000        1,043,800 
6.20%, 9/1/2032    2,500,000        2,589,200 
 
Golden State Tobacco Securitization Corp.,             
Enhanced Tobacco Settlement Asset-Backed Bonds             
5.50%, 6/1/2043    5,000,000        5,343,100 
 
High Desert Memorial Health Care District, Revenue             
5.40%, 10/1/2011    2,500,000        2,517,450 
 
Kaweah Delta Health Care District, Revenue             
6%, 8/1/2034    9,000,000        9,824,850 
 
La Quinta Financing Authority, Local Agency Revenue             
5.125%, 9/1/2034 (Insured; AMBAC)    15,165,000        15,909,601 
 
Long Beach Special Tax Community             
Facilities District Number 5 (Towne Center)             
6.875%, 10/1/2025    500,000        520,860 
 
Los Angeles, GO             
5%, 9/1/2016 (Insured; MBIA)    11,670,000        12,671,053 
 
Los Angeles Harbor Department, Revenue             
6%, 8/1/2012    8,900,000        9,350,340 
 
Los Angeles Unified School District:             
5%, 7/1/2017 (Insured; MBIA)    12,770,000        13,855,067 
5.75%, 7/1/2017 (Insured; MBIA)    10,135,000        11,984,637 
5%, 7/1/2018 (Insured; FSA)    11,885,000        12,802,403 
 
Madera County, COP             
(Valley Children's Hospital)             
6.50%, 3/15/2009 (Insured; MBIA)    3,370,000        3,826,365 
 
Metropolitan Water District of Southern California,             
Waterwoks Revenue             
5%, 7/1/2016    10,000,000        10,882,400 
 
Murrieta Unified School District             
Zero Coupon, 9/1/2021 (Insured; FGIC)    4,950,000        2,253,141 
 
Natomas Unified School District             
5.95%, 9/1/2021 (Insured; MBIA)    2,500,000        3,002,200 
 
Newark Unified School District:             
5%, 8/1/2021 (Insured; MBIA)    3,470,000        3,707,799 
5%, 8/1/2022 (Insured; MBIA)    3,690,000        3,928,042 
 
New Haven Unified School District             
5.75%, 8/1/2019 (Insured; FSA)    2,000,000        2,284,220 
 
Northern California Power Agency, Revenue             
(Hydroelectric Project Number 1):             
7%, 7/1/2016 (Insured; AMBAC) (Prerefunded 1/1/2016)    670,000    c    859,362 
6.30%, 7/1/2018 (Insured; MBIA)    26,400,000        32,452,992 
7.50%, 7/1/2023 (Insured; AMBAC) (Prerefunded 7/1/2021    375,000    c    517,556 
 
Oakland Unified School District             
5.25%, 8/1/2024 (Insured; FGIC)    17,275,000        18,706,406 
 
Orange County Community Facilities District (Ladera Ranch)         
Special Tax Number 1:             
6.25%, 8/15/2030    1,600,000        1,749,936 
6%, 8/15/2032    3,000,000        3,196,530 
Special Tax Number 3:             
5.60%, 8/15/2028    3,250,000        3,327,967 
5.625%, 8/15/2034    6,000,000        6,154,080 
 
Orange County Public Financing Authority, LR             
(Juvenile Justice Center Facility)             
5.375%, 6/1/2019 (Insured; AMBAC)    6,150,000        6,817,398 


Pasadena Unified School District         
5%, 11/1/2014 (Insured; FGIC)    10,000,000    11,089,900 
 
Pomona, COP, General Fund Lease Financing     
5.50%, 6/1/2028 (Insured; AMBAC)    1,000,000    1,111,190 
 
Pomona Redevelopment Agency, Tax Allocation     
(West Holt Avenue)         
5.50%, 5/1/2032    3,000,000    3,114,330 
 
Public Utilities Commission of the City and County     
of San Francisco, Clean Water Revenue:         
5%, 10/1/2012 (Insured; MBIA)    23,095,000    25,532,215 
5%, 10/1/2013 (Insured; MBIA)    22,195,000    24,465,105 
 
Rancho Cucamonga Redevelopment Agency     
(Tax Allocation Rancho Development)         
5.375%, 9/1/2025 (Insured; MBIA)    7,485,000    8,109,698 
 
Rancho Mirage Joint Powers Financing Authority, Revenue     
(Eisenhower Medical Center)         
5.625%, 7/1/2029    10,430,000    10,982,686 
 
Redwood Empire Financing Authority, COP         
6.40%, 12/1/2023    2,750,000    2,814,927 
 
Riverside County, SFMR         
7.80%, 5/1/2021 (Collateralized; GNMA)    1,250,000    1,742,525 
 
Sacramento City Financing Authority, Revenue:     
9.381%, 12/1/2013 (Insured; AMBAC)    2,335,000 a,b    2,903,526 
9.381%, 12/1/2014 (Insured; AMBAC)    2,570,000 a,b    3,195,744 
 
Sacramento County, Airport System Revenue     
6%, 7/1/2017 (Insured; MBIA)    5,850,000    6,181,227 
 
Sacramento County (Community Facilities District Number 1)     
5.70%, 12/1/2020    2,970,000    3,038,518 
 
Sacramento County Housing Authority,         
MFHR (Cottage Estate Apartments)         
6%, 2/1/2033 (Collateralized; FNMA)    1,000,000    1,052,800 
 
Sacramento County Sanitation District         
Financing Authority, Revenue         
5%, 12/1/2027 (Insured; AMBAC)    19,330,000    20,005,390 
 
Sacramento Municipal Utility District,         
Electric Revenue:         
6.50%, 9/1/2013 (Insured; MBIA)    6,930,000    8,211,288 
5%, 11/15/2014 (Insured; MBIA)    5,000,000    5,491,050 
5.20%, 7/1/2017 (Insured; MBIA)    300,000    321,003 
 
San Bernardino County, COP         
(Capital Facilities Project)         
6.875%, 8/1/2024    5,000,000    6,610,150 
 
San Diego County, COP:         
5.70%, 2/1/2028    1,000,000    944,200 
(Burnham Institute)         
6.25%, 9/1/2029    3,800,000    3,983,198 
 
San Diego County Water Authority,         
Water Revenue, COP         
5%, 5/1/2032 (Insured; MBIA)    10,000,000    10,334,800 
 
San Diego Unified School District:         
Zero Coupon, 7/1/2017 (Insured; FGIC)    2,325,000    1,343,269 
5.25%, 7/1/2018 (Insured; FGIC)    3,390,000    3,807,817 
 
San Francisco City and County Airports Commission,     
International Airport Revenue         
5.90%, 5/1/2026    9,385,000    9,738,158 
 
San Francisco City and County, COP (San Bruno Jail Numbe     
5.25%, 10/1/2021 (Insured; AMBAC)    2,985,000    3,223,442 
 
San Joaquin Hills Transportation Corridor Agency,     
Toll Road Revenue         
Zero Coupon, 1/15/2032 (Insured; MBIA)    48,295,000    12,103,210 
 
San Jose Redevelopment Agency, Tax Allocation     
(Merged Area Redevelopment Project)         
5.25%, 8/1/2029    1,000,000    1,033,770 
 
San Juan Unified School District:         
Zero Coupon, 8/1/2023 (Insured; FSA)    10,030,000    4,070,475 
Zero Coupon, 8/1/2024 (Insured; FSA)    10,655,000    4,078,734 
 
San Mateo County Community         
College District, GO:         
Zero Coupon, 9/1/2027 (Insured; MBIA)    15,565,000    4,961,032 
Zero Coupon, 9/1/2028 (Insured; MBIA)    16,380,000    4,939,553 
 
South Placer Authority, Wastewater Revenue     
5.25%, 11/1/2027 (Insured; FGIC)         
(Prerefunded 11/1/2010)    1,000,000 c    1,122,670 
 
Southeast Resource Recovery Facility Authority, LR:     
5.25%, 12/1/2016 (Insured; AMBAC)    11,715,000    12,873,614 
5.25%, 12/1/2017 (Insured; AMBAC)    6,475,000    7,095,240 
5.25%, 12/1/2018 (Insured; AMBAC)    8,085,000    8,865,688 
 
Stockton, Health Facilities Revenue         
(Dameron Hospital Association)         
5.70%, 12/1/2014    1,000,000    1,048,630 
 
Torrance Redevelopment Agency,         
Tax Allocation Revenue         
5.625%, 9/1/2028    500,000    505,415 
 
University of California, Revenues:         
Hospital (UCLA Medical Center)         
5%, 5/15/2039 (Insured; AMBAC)    9,650,000    9,939,500 
Multi Purpose         
5.25%, 9/1/2027 (Insured; MBIA)    31,475,000    33,589,491 
 
Valley Health System, HR         
(Improvement Project)         
6.50%, 5/15/2025    500,000    500,795 
 
Ventura County Community College District         
5.50%, 8/1/2023 (Insured; MBIA)    4,250,000    4,744,445 
 
West Basin Municipal Water District, Revenue, COP:     
5.25%, 8/1/2014 (Insured; MBIA)    5,000,000    5,553,750 
5.25%, 8/1/2015 (Insured; MBIA)    5,500,000    6,063,090 
5.25%, 8/1/2016 (Insured; MBIA)    3,500,000    3,843,000 
5.25%, 8/1/2017 (Insured; MBIA)    2,000,000    2,189,980 
 
West Covina Redevelopment Agency,         
Community Facilities District Special Tax         
(Fashion Plaza):         
6%, 9/1/2017    6,000,000    6,909,060 
6%, 9/1/2022    11,325,000    13,606,195 
 
Whittier Health Facility, Revenue         
(Presbyterian Intercommunity Hospital)         
5.75%, 6/1/2031    10,090,000    10,717,497 


U.S. Related--8.2%             
 
Commonwealth of Puerto Rico, Public Improvement         
5.50%, 7/1/2016 (Insured; MBIA)    11,830,000        13,721,735 
 
Commonwealth of Puerto Rico             
Highway and Transportation Authority,             
Transportation Revenue             
7.919%, 7/1/2038 (Insured; MBIA)    1,000,000    a,b    1,079,270 
 
Commonwealth of Puerto Rico             
Infrastructure Financing Authority,             
Special Tax Revenue:             
7.745%, 7/1/2015 (Insured; AMBAC)    1,000,000    a,b    1,122,820 
5.50%, 10/1/2032    10,000,000        11,022,800 
5.50%, 10/1/2040    30,000,000        33,068,400 
 
Puerto Rico Highway and Transportation Authority:         
Highway Revenue             
5.50%, 7/1/2013 (Insured; MBIA)    4,750,000        5,378,283 
Transportaion Revenue             
6%, 7/1/2039 (Prerefunded 7/1/2010)    2,000,000    c    2,291,340 
 
Puerto Rico Housing Finance Authority             
(Capital Fund Program)             
5%, 12/1/2015    11,615,000        12,516,092 
 
Puerto Rico Public Buildings Authority,             
Government Facilities Revenue             
5%, 7/1/2012 (Insured; AMBAC)    21,600,000        23,571,216 
 
Virgin Islands Public Finance Authority, Revenue:             
7.30%, 10/1/2018    3,100,000        4,040,168 
Subordinated Lien Fund Loans Notes             
6%, 10/1/2022    2,000,000        2,052,140 
 
Total Long - Term Municipal Investments             
(cost $ 1,213,642,003)            1,288,979,385 
 
Short-Term Municipal Investments--3.5%             
 
California Department of Water Resources,             
Power Supply Revenue, VRDN:             
1.80% (LOC; Bayerische Landesbank)    1,000,000    e    1,000,000 
1.76% (LOC; Bank of New York)    4,000,000    e    4,000,000 
 
California Health Facilities Financing Authority, HR         
VRDN (Adventist) 1.76% (Insured; MBIA)    300,000    e    300,000 
 
California Pollution Control Financing Authority,             
PCR, VRDN:             
(Exxonmobil Project)             
1.50%    1,900,000    e    1,900,000 
(Pacific Gas and Electric Corp.)             
1.77% (LOC; JPMorgan Chase Bank)    22,200,000    e    22,200,000 
 
California Statewide Communities             
Development Authority, Revenue, VRDN             
(University Retirement) 1.77% (Insured; Radian)    8,685,000    e    8,685,000 
 
Pittsburg Redevelopment Agency,             
Tax Allocation, VRDN             
(Los Medanos Community)             
1.76% (Insured; AMBAC)    8,600,000    e    8,600,000 
 
Total Short-Term Municipal Investments             
(cost $46,685,000)            46,685,000 
 
Total Investments (cost $1,260,327,003)    99.3%    1,335,664,385 
 
Cash and Receivables (Net)    .7%    9,829,348 
 
Net Assets    100.0%    1,345,493,733 

Notes to Statement of Investments: 
a Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be 
resold in transactions exempt from registration, normally to qualified institutional buyers. These securities have 
been deemed to be liquid by the Board of Directors. At February 28, 2005, these securities amounted to 
$54,572,890 or 4.1% of net assets. 
b Inverse floater security-the interest rate is subject to change periodically. 
c Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and 
are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest 
refunding date. 
 
d Purchased on delayed delivery basis. 
e Securities payable on demand. Variable interest rate - subject to periodic change 
f At February 28, 2005, 29.5% of the fund's net assets are insured by MBIA 
g Securities valuation policies and other investment related disclosures are hereby incorporated by reference t 
annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR. 


Item 2. Controls and Procedures.

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

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

Item 3.    Exhibits. 
 
(a)    Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) 
under the Investment Company Act of 1940. 


SIGNATURES

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

DREYFUS PREMIER CALIFORNIA TAX EXEMPT BOND FUND, INC.

By:    /s/ Stephen E. Canter 

    Stephen E. Canter 
    President 
Date:    April 20, 2005 

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:    April 20, 2005 
 
By:    /s/ James Windels 

James Windels
    Chief Financial Officer 
Date:    April 20, 2005 

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)