N-Q 1 formnq928.htm FORM N-Q formnq928
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:    8/31/05 


FORM N-Q
  Item 1. Schedule of Investments.
Dreyfus Premier California Tax Exempt Bond Fund, Inc.             
Statement of Investments             
August 31, 2005 (Unaudited)             
 
Long-Term Municipal Investments--99.8%    Principal         
    Amount ($)    Value ($) 
California--91.2%             
 
ABAG Finance Authority for Nonprofit Corps., Revenue:             
Multi Family Housing             
(Central Park Apartments):             
5.50%, 7/1/2019    1,010,000        1,051,814 
5.60%, 7/1/2038    5,815,000        6,003,522 
(Sansum-Santa Barbara Medical) 5.50%, 4/1/2021    3,500,000        3,787,420 
 
Alameda County, COP:             
8.05%, 12/1/2013 (Insured; MBIA)    5,000,000    a,b    6,217,100 
Financing Project             
6%, 9/1/2006 (Insured; MBIA)    2,650,000    c    2,782,023 
 
Anaheim Public Finance Authority, Tax Allocation Revenue             
6.45%, 12/28/2018 (Insured; MBIA)    26,000,000        28,522,520 
 
California:             
Economic Recovery:             
5.25%, 7/1/2013    30,000,000        33,644,700 
5%, 7/1/2016    13,000,000        14,030,900 
GO:             
5.25%, 4/1/2027    6,475,000        7,150,990 
5.50%, 4/1/2028    1,000,000        1,134,450 
5.25%, 2/1/2030    15,700,000        17,132,468 
5.25%, 4/1/2034    17,000,000        18,738,080 
Veterans             
5.05%, 12/1/2036    7,000,000        7,282,170 
Various Purpose             
6.125%, 10/1/2011 (Insured; FGIC)    2,875,000        3,319,245 
 
California Department of Veteran Affairs,             
Home Purchase Revenue:             
5.50%, 12/1/2019    11,380,000        12,153,612 
5.20%, 12/1/2028    10,000,000        10,007,600 
 
California Department of Water Resources, Revenue:             
Power Supply:             
5.875%, 5/1/2016    10,000,000        11,330,200 
5.375%, 5/1/2018 (Insured; AMBAC)    30,585,000        33,911,119 
 
California Educational Facilities Authority, Revenue             
(Pooled College and University Projects)             
5.625%, 7/1/2023    1,275,000        1,283,989 
 
California Health Facilities Financing Authority,             


Revenue:             
(Cedars-Sinai Medical Center):             
6.125%, 12/1/2009    30,695,000    c    34,696,093 
6.25%, 12/1/2009    9,460,000    c    10,739,938 
5%, 11/15/2027    10,050,000        10,477,828 
 
(Sutter Health):             
5.35%, 8/15/2028 (Insured; MBIA)    3,780,000        4,050,988 
6.25%, 8/15/2035    6,965,000        7,882,917 
 
California Housing Finance Agency:             
MFHR:             
6.15%, 8/1/2022 (Insured; AMBAC)    1,845,000        1,906,457 
6.30%, 8/1/2026 (Insured; AMBAC)    7,130,000        7,313,027 
Single Family Mortgage:             
6.25%, 8/1/2014 (Insured; AMBAC)    305,000        305,738 
6.30%, 8/1/2024    870,000        888,435 
6.45%, 8/1/2025    595,000        602,128 
 
California Infrastructure and Economic Development             
Bank, Revenue (Kaiser Hospital Assistance I-LLC)             
5.55%, 8/1/2031    21,900,000        23,491,911 
 
California Pollution Control Financing Authority:             
PCR:             
8.59%, 6/1/2014    5,500,000    a,b    7,363,180 
8.59%, 6/1/2014 (Insured; MBIA)    24,165,000    a,b    32,351,135 
(Southern California Edison Co.)             
6.40%, 9/8/2005    12,600,000        12,609,198 
SWDR:             
(Browning Ferris Industries):             
5.80%, 12/1/2016    2,000,000        1,976,240 
6.75%, 9/1/2019    600,000        601,140 
(Keller Canyon Landfill Co. Project)             
6.875%, 11/1/2027    1,000,000        1,015,000 
 
California Public Works Board, LR:             
(Department of Corrections, Calipatria State Prison,             
Imperial County)             
6.50%, 9/1/2017 (Insured; MBIA)    13,000,000        15,900,690 
(Various University of California Projects)             
5.50%, 6/1/2014    5,000,000        5,629,800 
 
California State University, Fresno Association Inc.,             
Auxiliary Organization Event Center Revenue:             
6%, 7/1/2012    3,500,000    c    4,081,840 
6%, 7/1/2012    2,500,000    c    2,915,600 
6%, 7/1/2012    5,250,000    c    6,122,760 
 
California Statewide Communities             
Development Authority:             
COP:             


(Catholic Healthcare West)         
6.50%, 7/1/2020    4,000,000    4,492,680 
(Motion Picture and Television Fund)         
5.35%, 1/1/2022 (Insured; AMBAC)    5,700,000    5,741,154 
(The Internext Group)         
5.375%, 4/1/2030    20,000,000    20,336,200 
Revenue:         
(Daughters of Charity Health System):         
5.25%, 7/1/2035    13,250,000    13,879,375 
5%, 7/1/2039    14,000,000    14,319,060 
(Kaiser Permanente)         
5.50%, 11/1/2032    13,500,000    14,354,010 
(Sutter Health)         
5.50%, 8/15/2028    14,000,000    14,970,060 
(The California Endowment):         
5%, 7/1/2028    15,360,000    16,324,915 
5%, 7/1/2033    16,710,000    17,736,830 

Capistrano Unified School District:             
Community Facilities District             
Special Tax Number 98 (Ladera)             
5.75%, 9/1/2009    5,500,000    c    6,144,930 
School Facilities Improvement District Number 1             
6%, 8/1/2024 (Insured; FGIC)    2,075,000        2,334,894 
 
Castaic Lake Water Agency, COP, Revenue             
(Water System Improvement Project)             
Zero Coupon, 8/1/2027 (Insured; AMBAC)    10,000,000        3,730,500 
 
Central California Joint Powers             
Health Financing Authority, COP             
(Community Hospitals of Central California             
Obligated Group):             
6%, 2/1/2030    5,000,000        5,285,750 
5.75%, 2/1/2031    18,500,000        19,444,240 
 
Contra Costa County Public Finance Authority,             
Tax Allocation Revenue (Pleasant Hill)             
5.45%, 8/1/2028    2,780,000        2,898,873 
 
Contra Costa Water District, Water Revenue             
5%, 10/1/2019 (Insured; FSA)    1,000,000        1,093,660 
 
Cucamonga County Water District, COP             
5.25%, 9/1/2025 (Insured; FGIC)    5,555,000        6,038,118 
 
Del Mar Race Track Authority, Revenue             
6.20%, 8/15/2006    2,000,000        2,099,460 
 
Delano, COP (Delano Regional Medical Center)             
5.25%, 1/1/2018    13,500,000        13,614,480 


Elsinore Valley Municipal Water District, COP:             
5.375%, 7/1/2018 (Insured; FGIC)    2,000,000        2,298,800 
5.375%, 7/1/2019 (Insured; FGIC)    3,855,000        4,460,505 
 
Escondido Improvement Board             
5.70%, 9/2/2026    1,335,000        1,378,948 
 
Fontana, Special Tax             
5.25%, 9/1/2017 (Insured; MBIA)    10,000,000        10,792,300 
 
Fontana Public Financing Authority,             
Tax Allocation Revenue             
(North Fontana Redevelopment Project):             
5%, 10/1/2021    (Insured; AMBAC)    5,000,000        5,435,200 
5%, 10/1/2022    (Insured; AMBAC)    5,000,000        5,422,200 
5.50%, 9/1/2032 (Insured; AMBAC)    13,800,000        15,267,768 
 
Foothill/Eastern Transportation Corridor Agency,             
Toll Road Revenue             
5.75%, 1/15/2040    500,000        515,680 
 
Fremont Union High School District:             
5%, 9/1/2020 (Insured; FGIC)    5,000,000        5,480,050 
5.25%, 9/1/2010 (Insured; FGIC)    3,400,000    c    3,722,660 
5.25%, 9/1/2010 (Insured; FGIC)    4,000,000    c    4,379,600 
5.25%, 9/1/2010 (Insured; FGIC)    11,295,000    c    12,366,895 
 
Fresno, Sewer Revenue             
5.25%, 9/1/2019 (Insured; AMBAC)    12,400,000        14,229,000 
 
Fullerton Community Facilities District Number 1,             
Special Tax (Amerige Heights):             
6.10%, 9/1/2022    1,000,000        1,070,210 
6.20%, 9/1/2032    2,500,000        2,660,050 
 
Golden State Tobacco Securitization Corp.:             
Enhanced Tobacco Settlement Asset-Backed Bonds:             
5.50%, 6/1/2013    5,000,000    c    5,679,900 
5%, 6/1/2045        12,000,000        12,521,520 
Tobacco Settlement Asset-Backed Bonds             
6.75%, 6/1/2039    14,770,000        17,042,955 
 
High Desert Memorial Health Care District, Revenue             
5.40%, 10/1/2011    2,500,000        2,557,650 
 
Kaweah Delta Health Care District, Revenue             
6%, 8/1/2034        9,000,000        9,934,650 
 
Long Beach Special Tax Community             
Facilities District Number 5 (Towne Center)             
6.875%, 10/1/2025    500,000        518,930 


Los Angeles, GO             
5%, 9/1/2016 (Insured; MBIA)    11,670,000        12,839,567 
 
Los Angeles Harbor Department, Revenue             
6%, 8/1/2012    8,900,000        9,210,165 
 
Los Angeles Unified School District:             
5%, 7/1/2017 (Insured; MBIA)    12,770,000        14,005,498 
5.75%, 7/1/2017 (Insured; MBIA)    10,135,000        12,073,318 
5%, 7/1/2018 (Insured; FSA)    11,885,000        13,028,337 
 
Madera County, COP             
(Valley Children's Hospital)             
6.50%, 3/15/2009 (Insured; MBIA)    3,370,000        3,746,058 
 
Metropolitan Water District of Southern California,             
Waterworks, GO:             
5%, 7/1/2016    10,000,000        10,967,500 
5%, 3/1/2017    5,500,000        6,079,920 
5%, 3/1/2018    5,510,000        6,067,777 
 
Murrieta Unified School District             
Zero Coupon, 9/1/2021 (Insured; FGIC)    4,950,000        2,463,170 
 
Natomas Unified School District             
5.95%, 9/1/2021 (Insured; MBIA)    2,500,000        3,031,525 
 
Newark Unified School District:             
5%, 8/1/2021 (Insured; MBIA)    3,470,000        3,764,568 
5%, 8/1/2022 (Insured; MBIA)    3,690,000        3,994,573 
 
New Haven Unified School District             
5.75%, 8/1/2019 (Insured; FSA)    2,000,000        2,273,600 
 
North Orange County Community College District, GO             
5%, 8/1/2022 (Insured; MBIA)    15,530,000        16,930,030 
 
Northern California Power Agency, Revenue             
(Hydroelectric Project Number 1):             
7%, 1/1/2016 (Insured; AMBAC)    670,000    c    856,066 
6.30%, 7/1/2018 (Insured; MBIA)    26,400,000        32,714,616 
7.50%, 7/1/2021 (Insured; AMBAC)    375,000    c    521,104 
 
Oakland Unified School District             
5.25%, 8/1/2024 (Insured; FGIC)    17,275,000        18,906,451 
 
Orange County Community Facilities District (Ladera Ranch):         
Special Tax Number 1:             
6.25%, 8/15/2030    1,600,000        1,713,104 
6%, 8/15/2032    3,000,000        3,218,430 
Special Tax Number 3:             
5.60%, 8/15/2028    3,250,000        3,384,193 


5.625%, 8/15/2034    6,000,000        6,253,500 
 
Orange County Public Financing Authority, LR             
(Juvenile Justice Center Facility)             
5.375%, 6/1/2019 (Insured; AMBAC)    6,150,000        6,856,758 
 
Pomona, COP, General Fund Lease Financing             
5.50%, 6/1/2028 (Insured; AMBAC)    1,000,000        1,129,860 
 
Pomona Redevelopment Agency, Tax Allocation             
(West Holt Avenue)             
5.50%, 5/1/2032    3,000,000        3,230,970 
 
Public Utilities Commission of the City and County             
of San Francisco, Clean Water Revenue             
5%, 10/1/2013 (Insured; MBIA)    22,195,000        24,495,956 
 
Rancho Cucamonga Redevelopment Agency             
(Tax Allocation Rancho Development)             
5.375%, 9/1/2025 (Insured; MBIA)    7,485,000        8,137,318 
 
Rancho Mirage Joint Powers Financing Authority, Revenue         
(Eisenhower Medical Center)             
5.625%, 7/1/2029    10,430,000        11,131,835 
 
Redwood Empire Financing Authority, COP             
6.40%, 12/1/2023    2,750,000        2,789,188 
 
Riverside County, SFMR             
7.80%, 5/1/2021 (Collateralized; GNMA)    1,250,000        1,764,250 
 
Sacramento City Financing Authority, Revenue:             
7.847%, 12/1/2013 (Insured; AMBAC)    2,335,000    a,b    2,908,336 
7.847%, 12/1/2014 (Insured; AMBAC)    2,570,000    a,b    3,201,038 
 
Sacramento County:             
Airport System Revenue             
6%, 7/1/2017 (Insured; MBIA)    5,850,000        6,093,536 
Laguna Creek Ranch/Elliott Ranch             
Community Facilities District Number 1,             
Improvement Area Number 1, Special Tax             
(Laguna Creek Ranch)             
5.70%, 12/1/2020    2,970,000        3,055,892 
 
Sacramento County Housing Authority,             
MFHR (Cottage Estate Apartments)             
6%, 2/1/2033 (Collateralized; FNMA)    1,000,000        1,064,850 
 
Sacramento Municipal Utility District,             
Electric Revenue:             
6.50%, 9/1/2013 (Insured; MBIA)    6,930,000        8,160,699 
5.20%, 7/1/2017 (Insured; MBIA)    300,000        317,634 


San Bernardino County, COP             
(Capital Facilities Project)             
6.875%, 8/1/2024    5,000,000        6,709,900 
 
San Diego County, COP             
(Burnham Institute)             
6.25%, 9/1/2029    3,800,000        4,007,822 
 
San Diego County Water Authority,             
Water Revenue, COP             
5%, 5/1/2032 (Insured; MBIA)    10,000,000        10,519,900 
 
San Diego Unified School District             
Zero Coupon, 7/1/2017 (Insured; FGIC)    2,325,000        1,423,365 
 
San Francisco Bay Area Rapid Transit District,             
Sales Tax Revenue             
5%, 7/1/2024 (Insured; MBIA)    10,000,000    d    10,835,500 
 
San Francisco City and County:             
COP (San Bruno Jail Number 3)             
5.25%, 10/1/2021 (Insured; AMBAC)    2,985,000        3,203,621 
GO (California Academy of Sciences Improvement)             
5%, 6/15/2025    5,905,000        6,336,360 
 
San Francisco City and County Airports Commission,             
International Airport Revenue             
5.90%, 5/1/2026    9,385,000        9,621,127 
 
San Joaquin Hills Transportation Corridor Agency,             
Toll Road Revenue             
Zero Coupon, 1/15/2032 (Insured; MBIA)    48,295,000        14,517,477 
 
San Jose Redevelopment Agency, Tax Allocation             
(Merged Area Redevelopment Project)             
5.25%, 8/1/2029    1,000,000        1,040,310 
 
San Juan Unified School District:             
Zero Coupon, 8/1/2023 (Insured; FSA)    10,030,000        4,526,840 
Zero Coupon, 8/1/2024 (Insured; FSA)    10,655,000        4,583,035 
 
San Mateo County Community             
College District, GO:             
Zero Coupon, 9/1/2027 (Insured; MBIA)    15,565,000        5,711,888 
Zero Coupon, 9/1/2028 (Insured; MBIA)    16,380,000        5,742,009 
 
South Placer Authority, Wastewater Revenue             
5.25%, 11/1/2010 (Insured; FGIC)    1,000,000    c    1,111,310 
 
Southeast Resource Recovery Facility Authority, LR:             
5.25%, 12/1/2016 (Insured; AMBAC)    11,715,000        12,955,736 


5.25%, 12/1/2017 (Insured; AMBAC)    6,475,000        7,141,407 
5.25%, 12/1/2018 (Insured; AMBAC)    8,085,000        8,917,108 
 
Stockton, Health Facilities Revenue             
(Dameron Hospital Association)             
5.70%, 12/1/2014    1,000,000        1,052,020 
 
Torrance Redevelopment Agency,             
Tax Allocation Revenue             
5.625%, 9/1/2028    500,000        511,125 
 
University of California, Revenues,             
Multi Purpose             
5.25%, 9/1/2027 (Insured; MBIA)    31,475,000        33,434,634 
 
Valley Health System, HR             
(Improvement Project)             
6.50%, 5/15/2025    500,000        502,515 
 
Ventura County Community College District             
5.50%, 8/1/2023 (Insured; MBIA)    4,250,000        4,793,065 
 
West Basin Municipal Water District, Revenue, COP:         
5.25%, 8/1/2014 (Insured; MBIA)    5,000,000        5,575,800 
5.25%, 8/1/2015 (Insured; MBIA)    5,500,000        6,101,370 
5.25%, 8/1/2016 (Insured; MBIA)    3,500,000        3,865,470 
5.25%, 8/1/2017 (Insured; MBIA)    2,000,000        2,203,060 
 
West Covina Redevelopment Agency,             
Community Facilities District Special Tax             
(Fashion Plaza):             
6%, 9/1/2017    6,000,000        6,941,700 
6%, 9/1/2022    11,325,000        13,470,635 
 
Whittier Health Facility, Revenue             
(Presbyterian Intercommunity Hospital)             
5.75%, 6/1/2031    10,090,000        10,857,546 
 
U.S. Related--8.6%             
 
Commonwealth of Puerto Rico, Public Improvement         
5.50%, 7/1/2016 (Insured; MBIA)    11,830,000        13,802,061 
 
Commonwealth of Puerto Rico             
Highway and Transportation Authority,             
Transportation Revenue             
7.359%, 7/1/2038 (Insured; MBIA)    1,000,000    a,b    1,103,830 
 
Commonwealth of Puerto Rico             
Infrastructure Financing Authority,             
Special Tax Revenue:             
7.225%, 7/1/2015 (Insured; AMBAC)    1,000,000    a,b    1,113,420 


5.50%, 10/1/2032    10,000,000    11,034,500 
5.50%, 10/1/2040    40,000,000    44,039,600 
 
Puerto Rico Highway and Transportation Authority:         
Highway Revenue         
5.50%, 7/1/2013 (Insured; MBIA)    4,750,000    5,369,685 
Transportation Revenue         
6%, 7/1/2010    2,000,000 c    2,265,500 
 
Puerto Rico Housing Finance Authority         
(Capital Fund Program)         
5%, 12/1/2015    11,615,000    12,626,086 
 
Puerto Rico Public Buildings Authority,         
Government Facilities Revenue         
5%, 7/1/2012 (Insured; AMBAC)    15,465,000    16,937,113 
 
Virgin Islands Public Finance Authority, Revenue:         
7.30%, 10/1/2018    3,100,000    3,992,645 
Subordinated Lien Fund Loans Notes         
6%, 10/1/2022    2,000,000    2,097,220 
 
Total Investments (cost $1,235,612,909)    99.8%    1,329,957,130 
 
Cash and Receivables (Net)    .2%    3,519,100 
 
Net Assets    100.0%    1,333,476,230 
 
Notes to Statements 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.    At August 31, 2005, these securities amounted to $54,258,039 or 4.1% of net assets. 
b Inverse floater security--the interest rate is subject    to change periodically. 
c These securities are prerefunded; the date shown represents the prerefunded date. 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 At August 31, 2005, 28.6% of the fund's net assets are insured by MBIA. 

Securities valuation policies and and other investment related disclosures are hereby incorporated by reference to the annual and semi annual    reports 
previously filed with the Securities and Exchange Commission on Form N-CSR.     

Item 2. Controls and Procedures.

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

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

Item 3. Exhibits.

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

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  SIGNATURES

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

DREYFUS PREMIER CALIFORNIA TAX EXEMPT BOND FUND, INC.

By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
 
Date:    October 25, 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:    October 25, 2005 
 
By:    /s/James Windels 
James Windels
    Chief Financial Officer 
 
Date:    October 25, 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) 

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