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:    2/28/06 

FORM N-Q

Item 1. Schedule of Investments.

Dreyfus Premier California Tax Exempt Bond Fund, Inc.             
Statement of Investments             
February 28, 2006 (Unaudited)             
 
    Principal         
Long-Term Municipal Investments--98.6%    Amount ($)    Value ($) 
 
California--92.2%             
 
ABAG Finance Authority for Nonprofit Corps., Revenue:             
Multi Family Housing             
(Central Park Apartments):             
5.50%, 7/1/2019    1,010,000        1,047,552 
5.60%, 7/1/2038    5,815,000        5,960,608 
(Sansum-Santa Barbara Medical) 5.50%, 4/1/2021    3,500,000        3,747,030 
 
Alameda County, COP:             
7.33%, 12/1/2013 (Insured; MBIA)    5,000,000    a,b    6,017,900 
(Financing Project)             
6%, 9/1/2006 (Insured; MBIA)    2,560,000    c    2,644,454 
 
Anaheim Public Finance Authority, Tax Allocation Revenue             
6.45%, 12/28/2018 (Insured; MBIA)    26,000,000        27,912,040 
 
California:             
Economic Recovery Bonds:             
5.25%, 7/1/2013    30,000,000        33,014,700 
5.25%, 7/1/2014    10,000,000        11,061,700 
5%, 7/1/2016    13,000,000        13,922,350 
GO:             
5%, 2/1/2020    11,385,000        12,052,275 
5%, 2/1/2020    10,000,000        10,455,500 
5%, 3/1/2020    10,395,000        11,134,604 
5.25%,2/1/2027    6,475,000        6,971,568 
5.50%, 4/1/2028    1,000,000        1,112,280 
5.25%, 2/1/2030    25,700,000        27,149,994 
5.25%, 4/1/2034    17,000,000        18,195,100 
(Veterans)             
5.05%, 12/1/2036    12,000,000        12,278,040 
Various Purpose             
6.125%, 10/1/2011 (Insured; FGIC)    2,875,000        3,254,385 
 
California Department of Veteran Affairs,             
Home Purchase Revenue:             
5.50%, 12/1/2019    11,380,000        12,052,672 
5.20%, 12/1/2028    10,000,000        10,006,900 

California Department of Water Resources,             
Power Supply Revenue:             
5.875%, 5/1/2012    10,000,000    c    11,354,200 
5.375%, 5/1/2012 (Insured; AMBAC)    20,585,000    c    22,806,739 
 
California Educational Facilities Authority, Revenue             
(Pooled College and University Projects)             
5.625%, 7/1/2023    1,275,000        1,281,222 
 
California Health Facilities Financing Authority,             
Revenue:             
(Cedars-Sinai Medical Center):             
6.125%, 12/1/2009    30,695,000    c    33,910,608 
6.25%, 12/1/2009    9,460,000    c    10,490,667 
(Sutter Health):             
5.35%, 8/15/2028 (Insured; MBIA)    3,780,000        3,993,646 
6.25%, 8/15/2035    6,965,000        7,762,353 
 
California Housing Finance Agency:             
MFHR             
6.15%, 8/1/2022 (Insured; AMBAC)    1,845,000        1,892,915 
Single Family Mortgage:             
6.25%, 8/1/2014 (Insured; AMBAC)    250,000        252,315 
6.30%, 8/1/2024    700,000        706,629 
6.45%, 8/1/2025    370,000        373,696 
 
California Infrastructure and Economic Development             
Bank, Revenue (Kaiser Hospital Assistance I-LLC)             
5.55%, 8/1/2031    21,900,000        23,331,384 
 
California Pollution Control Financing Authority:             
PCR:             
9.13%, 6/1/2014    5,500,000    a,b    7,131,905 
9.13%, 6/1/2014 (Insured; MBIA)    24,165,000    a,b    31,334,997 
SWDR:             
(Browning Ferris Industries):             
5.80%, 12/1/2016    2,000,000        1,986,220 
6.75%, 9/1/2019    600,000        605,970 
(Keller Canyon Landfill Co. Project)             
6.875%, 11/1/2027    1,000,000        1,003,310 
 
California Public Works Board, LR:             
(Department of Corrections, Calipatria State Prison,             
Imperial County)             
6.50%, 9/1/2017 (Insured; MBIA)    13,000,000        15,533,050 
(Department of Health Services, Richmond Laboratory Project)         
5%, 11/1/2021 (Insured; AMBAC)    10,910,000        11,745,815 

(Various University of California Projects):             
5.50%, 6/1/2014    5,000,000        5,509,400 
5.25%, 11/1/2028 (Insured; MBIA)    10,005,000        10,911,553 
 
California State University, Fresno Association Inc.,             
Auxiliary Organization Event Center Revenue:             
6%, 7/1/2012    3,500,000    c    3,986,325 
6%, 7/1/2012    2,500,000    c    2,847,375 
6%, 7/1/2012    5,250,000    c    5,979,487 
 
California Statewide Communities             
Development Authority:             
COP:             
(Catholic Healthcare West):             
6.50%, 7/1/2010    2,780,000    c    3,143,568 
6.50%, 7/1/2020    1,220,000        1,350,394 
(Motion Picture and Television Fund)             
5.35%, 1/1/2022 (Insured; AMBAC)    5,700,000        5,704,902 
(The Internext Group)             
5.375%, 4/1/2030    20,000,000        20,202,800 
Health Facility Revenue             
(Adventist Health System/West)             
5%, 3/1/2035    11,880,000        12,152,408 
Revenue:             
(Daughters of Charity Health System):             
5.25%, 7/1/2024    8,205,000        8,621,650 
5.25%, 7/1/2035    18,625,000        19,341,131 
(Kaiser Permanente)             
5.50%, 11/1/2032    13,500,000        14,192,955 
(Sutter Health):             
5.50%, 8/15/2028    14,000,000        14,894,460 
5%, 11/15/2043    19,500,000        20,041,125 
(The California Endowment):             
5%, 7/1/2028    15,360,000        16,143,514 
5%, 7/1/2033    16,710,000        17,508,404 
 
Capistrano Unified School District:             
Community Facilities District             
Special Tax Number 98 (Ladera)             
5.75%, 9/1/2009    5,500,000    c    6,024,095 
School Facilities Improvement District Number 1             
6%, 8/1/2024 (Insured; FGIC)    2,075,000        2,296,755 
 
Castaic Lake Water Agency, COP, Revenue             
(Water System Improvement Project)             
Zero Coupon, 8/1/2027 (Insured; AMBAC)    10,000,000        3,846,100 

Central California Joint Powers             
Health Financing Authority, COP             
(Community Hospitals of Central California             
Obligated Group):             
6%, 2/1/2030        5,000,000        5,238,100 
5.75%, 2/1/2031    18,500,000        19,265,715 
 
Chino Valley Unified School District, GO             
5.25%, 8/1/2030 (Insured; MBIA)    10,000,000        10,879,000 
 
Chula Vista, IDR                 
(San Diego Gas Project)             
5%, 12/1/2027        3,000,000        3,103,710 
 
Contra Costa County Public Finance Authority,             
Tax Allocation Revenue (Pleasant Hill)             
5.45%, 8/1/2028    2,780,000        2,871,323 
 
Cucamonga County Water District, COP             
5.25%, 9/1/2025 (Insured; FGIC)    5,555,000        5,967,237 
 
Del Mar Race Track Authority, Revenue             
6.20%, 8/15/2006    2,000,000    c    2,064,580 
 
Delano, COP (Delano Regional Medical Center)             
5.25%, 1/1/2018    13,500,000        13,553,325 
 
Elsinore Valley Municipal Water District, COP:             
5.375%, 7/1/2018 (Insured; FGIC)    2,000,000        2,266,740 
5.375%, 7/1/2019 (Insured; FGIC)    3,855,000        4,387,954 
 
Escondido Improvement Board             
5.70%, 9/2/2026    1,335,000        1,377,707 
 
Fontana, Special Tax             
5.25%, 9/1/2017 (Insured; MBIA)    10,000,000        10,618,000 
 
Fontana Public Financing Authority,             
Tax Allocation Revenue             
(North Fontana Redevelopment Project):             
5%, 10/1/2021    (Insured; AMBAC)    5,000,000        5,364,000 
5%, 10/1/2022    (Insured; AMBAC)    5,000,000        5,351,700 
5.50%, 9/1/2032 (Insured; AMBAC)    13,800,000        14,995,770 
 
Foothill/Eastern Transportation Corridor Agency,             
Toll Road Revenue             
5.75%, 1/15/2040    500,000        515,835 

Fremont Union High School District:             
5.25%, 9/1/2010 (Insured; FGIC)    3,400,000    c    3,652,756 
5.25%, 9/1/2010 (Insured; FGIC)    4,000,000    c    4,297,360 
5.25%, 9/1/2010 (Insured; FGIC)    11,295,000    c    12,134,670 
 
Fullerton Community Facilities District Number 1,             
Special Tax (Amerige Heights):             
6.10%, 9/1/2022    1,000,000        1,070,030 
6.20%, 9/1/2032    2,500,000        2,657,650 
 
Golden State Tobacco Securitization Corp.:             
Enhanced Tobacco Settlement Asset-Backed Bonds             
5.50%, 6/1/2013    5,000,000    c    5,547,200 
Tobacco Settlement Asset-Backed Bonds             
6.75%, 6/1/2039    14,770,000        16,656,129 
 
High Desert Memorial Health Care District, Revenue             
5.40%, 10/1/2011    2,500,000        2,548,950 
 
Kaweah Delta Health Care District, Revenue             
6%, 8/1/2034    9,000,000        9,830,700 
 
Long Beach Special Tax Community             
Facilities District Number 5 (Towne Center)             
6.875%, 10/1/2025    500,000        517,725 
 
Los Angeles Harbor Department, Revenue             
6%, 8/1/2012    8,900,000        9,077,822 
 
Los Angeles Unified School District             
5.75%, 7/1/2017 (Insured; MBIA)    10,135,000        11,824,504 
 
Madera County, COP             
(Valley Children's Hospital)             
6.50%, 3/15/2009 (Insured; MBIA)    3,370,000        3,662,482 
 
Metropolitan Water District of Southern California,             
Waterworks, GO:             
5%, 3/1/2017    5,500,000        5,984,165 
5%, 3/1/2018    5,510,000        5,973,226 
 
Murrieta Unified School District             
Zero Coupon, 9/1/2021 (Insured; FGIC)    4,950,000        2,505,146 
 
Natomas Unified School District             
5.95%, 9/1/2021 (Insured; MBIA)    2,500,000        2,974,350 

New Haven Unified School District             
5.75%, 8/1/2019 (Insured; FSA)    2,000,000        2,235,520 
 
North Orange County Community College District, GO             
5%, 8/1/2022 (Insured; MBIA)    15,530,000        16,694,750 
 
Northern California Power Agency, Revenue             
(Hydroelectric Project Number 1):             
7%, 1/1/2016 (Insured; AMBAC)    670,000    c    842,431 
6.30%, 7/1/2018 (Insured; MBIA)    26,400,000        32,206,680 
7.50%, 7/1/2021 (Insured; AMBAC)    375,000    c    510,536 
 
Oakland Unified School District             
5.25%, 8/1/2024 (Insured; FGIC)    17,275,000        18,678,248 
 
Orange County Community Facilities District (Ladera Ranch):             
Special Tax Number 1:             
6.25%, 8/15/2008    1,600,000    c    1,708,048 
6%, 8/15/2010    3,000,000    c    3,348,930 
Special Tax Number 3:             
5.60%, 8/15/2028    3,250,000        3,379,382 
5.625%, 8/15/2034    6,000,000        6,199,020 
 
Orange County Public Financing Authority, LR             
(Juvenile Justice Center Facility)             
5.375%, 6/1/2019 (Insured; AMBAC)    6,150,000        6,747,657 
 
Pomona, COP, General Fund Lease Financing             
5.50%, 6/1/2028 (Insured; AMBAC)    1,000,000        1,114,090 
 
Pomona Redevelopment Agency, Tax Allocation             
(West Holt Avenue)             
5.50%, 5/1/2032    3,000,000        3,247,350 
 
Rancho Cucamonga Redevelopment Agency             
(Tax Allocation Rancho Development)             
5.375%, 9/1/2025 (Insured; MBIA)    7,485,000        8,064,788 
 
Rancho Mirage Joint Powers Financing Authority, Revenue             
(Eisenhower Medical Center)             
5.625%, 7/1/2029    10,430,000        11,004,067 
 
Redwood Empire Financing Authority, COP             
6.40%, 12/1/2023    2,750,000        2,783,302 
 
Riverside County, SFMR             
7.80%, 5/1/2021 (Collateralized; GNMA)    1,250,000        1,728,525 

Sacramento City Financing Authority, Revenue:             
8.353%, 12/1/2013 (Insured; AMBAC)    2,335,000    a,b    2,783,997 
8.353%, 12/1/2014 (Insured; AMBAC)    2,570,000    a,b    3,064,185 
 
Sacramento County:             
Airport System Revenue             
6%, 7/1/2017 (Insured; MBIA)    5,850,000        6,014,209 
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        3,019,332 
 
Sacramento County Housing Authority,             
MFHR (Cottage Estate Apartments)             
6%, 2/1/2033 (Collateralized; FNMA)    1,000,000        1,054,610 
 
Sacramento County Sanitation Districts Financing             
Authority, Revenue (Sacramento Regional County Sanitation         
District) 5%, 12/1/2020 (Insured; AMBAC)    3,600,000        3,867,696 
 
Sacramento Municipal Utility District,             
Electric Revenue:             
6.50%, 9/1/2013 (Insured; MBIA)    6,930,000        7,972,341 
5.20%, 7/1/2017 (Insured; MBIA)    300,000        313,047 
 
San Bernardino County, COP             
(Capital Facilities Project)             
6.875%, 8/1/2024    5,000,000        6,596,250 
 
San Diego County, COP             
(Burnham Institute for Medical Research)             
5%, 9/1/2024    2,265,000    d    2,313,335 
6.25%, 9/1/2029    3,800,000        4,166,434 
5%, 9/1/2034    5,190,000    d    5,250,256 
 
San Diego County Water Authority,             
Water Revenue, COP             
5%, 5/1/2032 (Insured; MBIA)    10,000,000        10,405,700 
 
San Diego Unified School District             
Zero Coupon, 7/1/2017 (Insured; FGIC)    2,325,000        1,445,453 
 
San Francisco City and County             
COP (San Bruno Jail Number 3)             
5.25%, 10/1/2021 (Insured; AMBAC)    2,985,000        3,163,981 

San Joaquin Hills Transportation Corridor Agency,             
Toll Road Revenue             
Zero Coupon, 1/15/2032 (Insured; MBIA)    48,295,000        14,974,831 
 
San Jose Redevelopment Agency, Tax Allocation             
(Merged Area Redevelopment Project)             
5.25%, 8/1/2029    1,000,000        1,032,180 
 
San Juan Unified School District:             
Zero Coupon, 8/1/2023 (Insured; FSA)    10,030,000        4,620,420 
Zero Coupon, 8/1/2024 (Insured; FSA)    10,655,000        4,670,300 
 
South Placer Authority, Wastewater Revenue             
5.25%, 11/1/2010 (Insured; FGIC)    1,000,000    c    1,089,690 
 
Southeast Resource Recovery Facility Authority, LR:             
5.25%, 12/1/2016 (Insured; AMBAC)    11,715,000        12,786,454 
5.25%, 12/1/2017 (Insured; AMBAC)    6,475,000        7,048,167 
5.25%, 12/1/2018 (Insured; AMBAC)    8,085,000        8,795,025 
 
Stockton, Health Facilities Revenue             
(Dameron Hospital Association)             
5.70%, 12/1/2014    1,000,000        1,042,800 
 
Tobacco Securitization Authority of Northern California,             
Tobacco Settlement Asset-Backed Bonds             
(Sacramento County Tobacco Securitization Corp.)             
5.375%, 6/1/2038    20,000,000        20,407,600 
 
Torrance Redevelopment Agency,             
Tax Allocation Revenue             
5.625%, 9/1/2028    500,000        507,340 
 
University of California, Revenue             
General 5%, 5/15/2023 (Insured; FGIC)    9,165,000        9,757,792 
Limited Project 5%, 5/15/2022 (Insured; FSA)    14,655,000        15,634,540 
Multi Purpose 5.25%, 9/1/2027 (Insured; MBIA)    31,475,000        32,935,755 
 
Ventura County Community College District             
5.50%, 8/1/2023 (Insured; MBIA)    4,250,000        4,688,898 
 
West Basin Municipal Water District, Revenue, COP:             
5.25%, 8/1/2014 (Insured; MBIA)    5,000,000        5,489,500 
5.25%, 8/1/2015 (Insured; MBIA)    5,500,000        6,012,325 
5.25%, 8/1/2016 (Insured; MBIA)    3,500,000        3,814,440 
5.25%, 8/1/2017 (Insured; MBIA)    2,000,000        2,173,220 

West Covina Redevelopment Agency,             
Community Facilities District Special Tax             
(Fashion Plaza):             
6%, 9/1/2017    6,000,000        6,796,320 
6%, 9/1/2022    11,325,000        13,238,359 
 
Whittier Health Facility, Revenue             
(Presbyterian Intercommunity Hospital)             
5.75%, 6/1/2031    10,090,000        10,753,115 
 
U.S. Related--6.4%             
 
Commonwealth of Puerto Rico             
Highway and Transportation Authority,             
Transportation Revenue             
6.649%, 7/1/2038 (Insured; MBIA)    1,000,000    a,b    1,071,050 
 
Commonwealth of Puerto Rico             
Infrastructure Financing Authority,             
Special Tax Revenue:             
6.505%, 7/1/2015 (Insured; AMBAC)    1,000,000    a,b    1,077,730 
5.50%, 10/1/2032    10,000,000        10,848,900 
5.50%, 10/1/2040    40,000,000        43,360,400 
 
Puerto Rico Highway and Transportation Authority:             
Highway Revenue             
5.50%, 7/1/2013 (Insured; MBIA)    4,750,000        5,231,222 
Transportation Revenue             
6%, 7/1/2010    2,000,000    c    2,207,940 
 
Puerto Rico Public Buildings Authority,             
Government Facilities Revenue             
5.25%, 7/1/2015 (Insured; FGIC)    11,600,000        12,926,112 
 
Virgin Islands Public Finance Authority, Revenue:             
7.30%, 10/1/2018    3,100,000        3,906,372 
Subordinated Lien Fund Loans Notes             
6%, 10/1/2022    2,000,000        2,104,140 
 
Total Long-Term Municipal Investments             
(cost $1,197,369,767)            1,273,850,342 
 
Short-Term Municipal Investments--.9%             
 
California Department of Water Resources,             
Power Supply Revenue             
2.93% (LOC; The Bank of New York)    2,000,000    e    2,000,000 

California Pollution Control Financing Authority, PCR                 
(Pacific Gas and Electric Corp.)                 
2.93% (LOC; Bank One)        9,000,000    e    9,000,000 
 
Orange County Sanitation District, COP                 
2.90% (Liquidity Facility; Dexia Credit Locale)        1,000,000    e    1,000,000 
 
Total Short-Term Municipal Investments                 
(cost $12,000,000)                12,000,000 
 
Total Investments (cost $1,209,369,767)        99.5%    1,285,850,342 
 
Cash and Receivables (Net)        .5%    5,863,478 
 
Net Assets            100.0%    1,291,713,820 
 
 
Summary of Abbreviations                 
 
ACA    American Capital Access    HR    Hospital Revenue         
AGC    ACE Guaranty Corporation    IDB    Industrial Development Board     
AGIC    Asset Guaranty Insurance Company    IDC    Industrial Development Corporation 
AMBAC    American Municipal Bond Assurance Corporation    IDR    Industrial Development Revenue     
ARRN    Adjustable Rate Receipt Notes    LOC    Letter of Credit         
BAN    Bond Anticipation Notes    LOR    Limited Obligation Revenue     
BIGI    Bond Investors Guaranty Insurance    LR    Lease Revenue         
BPA    Bond Purchase Agreement    MBIA    Municipal Bond Investors Assurance Insurance 
CGIC    Capital Guaranty Insurance Company        Corporation         
CIC    Continental Insurance Company    MFHR    Multi-Family Housing Revenue     
CIFG    CDC Ixis Financial Guaranty    MFMR    Multi-Family Mortgage Revenue     
CMAC    Capital Market Assurance Corporation    PCR    Pollution Control Revenue     
COP    Certificate of Participation    RAC    Revenue Anticipation Certificates     
CP    Commercial Paper    RAN    Revenue Anticipation Notes     
EDR    Economic Development Revenue    RAW    Revenue Anticipation Warrants     
EIR    Environmental Improvement Revenue    RRR    Resources Recovery Revenue     
FGIC    Financial Guaranty Insurance Company    SAAN    State Aid Anticipation Notes     
FHA    Federal Housing Administration    SBPA    Standby Bond Purchase Agreement 
FHLB    Federal Home Loan Bank    SFHR    Single Family Housing Revenue     
FHLMC    Federal Home Loan Mortgage Corporation    SFMR    Single Family Mortgage Revenue     
FNMA    Federal National Mortgage Association    SONYMA    State of New York Mortgage Agency 
FSA    Financial Security Assurance    SWDR    Solid Waste Disposal Revenue     
GAN    Grant Anticipation Notes    TAN    Tax Anticipation Notes         
GIC    Guaranteed Investment Contract    TAW    Tax Anticipation Warrants     
GNMA    Government National Mortgage Association    TRAN    Tax and Revenue Anticipation Notes 
GO    General Obligation    XLCA    XL Capital Assurance         

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 February 28, 2006, these securities amounted to $52,481,764 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 Securities payable on demand. Variable interest rate--subject to periodic change. 

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

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.

-2-

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 21, 2006 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    Chief Executive Officer 
 
Date:    April 21, 2006 

By:    /s/ James Windels 
    James Windels 
    Chief Financial Officer 
 
Date:    April 21, 2006