N-Q 1 form-928.htm FORM N-Q form-928
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) 
 
Michael A. Rosenberg, 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:    05/31 
Date of reporting period:    08/31/07 

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS 
Dreyfus Premier California Tax Exempt Bond Fund, Inc. 
August 31, 2007 (Unaudited) 

Long-Term Municipal    Coupon    Maturity    Principal     
Investments--97.5%    Rate (%)    Date    Amount ($)    Value ($) 
California--91.8%                 
ABAG Finance Authority for                 
Nonprofit Corporations, COP                 
(Episcopal Homes Foundation)    5.25    7/1/10    3,500,000    3,558,345 
ABAG Finance Authority for                 
Nonprofit Corporations,                 
Insured Revenue (Sansum-Santa             
Barbara Medical Foundation                 
Clinic)    5.50    4/1/21    3,500,000    3,629,430 
ABAG Finance Authority for                 
Nonprofit Corporations, MFHR                 
(Central Park Apartments)    5.50    7/1/19    1,010,000    1,023,514 
ABAG Finance Authority for                 
Nonprofit Corporations, MFHR                 
(Central Park Apartments)    5.60    7/1/38    5,815,000    5,867,335 
ABAG Finance Authority for                 
Nonprofit Corporations,                 
Revenue (San Diego Hospital                 
Association)    5.38    3/1/21    4,000,000    4,038,200 
Alameda Corridor Transportation                 
Authority, Revenue (Insured;                 
MBIA)    5.13    10/1/16    2,000,000    2,076,340 
Alameda County,                 
COP (Insured; MBIA)    5.38    12/1/13    10,000,000 a,b    10,734,400 
Anaheim Public Finance Authority,                 
Tax Allocation Revenue                 
(Insured; MBIA)    6.45    12/28/18    26,000,000    26,701,480 
California,                 
Economic Recovery Bonds    5.00    7/1/16    13,000,000    13,595,790 
California,                 
GO    5.25    2/1/12    90,000 c    96,136 
California,                 
GO    5.00    8/1/22    2,000,000    2,051,840 
California,                 
GO    5.25    2/1/30    25,610,000    26,521,972 
California,                 
GO (Insured; FSA)    5.25    8/1/32    10,000,000    11,012,800 
California,                 
GO (Various Purpose)    6.13    10/1/11    2,875,000    3,146,572 
California,                 
GO (Various Purpose)    5.00    12/1/21    10,000,000    10,347,400 
California,                 
GO (Various Purpose)    5.50    4/1/28    20,000    21,110 
California,                 
GO (Veterans)    5.35    12/1/16    2,000,000    2,066,840 

California,                 
GO (Veterans)    5.05    12/1/36    14,500,000    14,404,590 
California Department of Veteran                 
Affairs, Home Purchase Revenue    5.50    12/1/19    5,925,000    6,117,859 
California Department of Veteran                 
Affairs, Home Purchase Revenue    4.50    12/1/23    10,000,000    9,647,100 
California Department of Veteran                 
Affairs, Home Purchase Revenue    5.20    12/1/28    5,680,000    5,681,534 
California Department of Water                 
Resources, Power Supply Revenue    5.88    5/1/12    10,000,000 c    11,047,900 
California Department of Water                 
Resources, Power Supply                 
Revenue (Insured; FGIC)    5.13    5/1/12    2,000,000 c    2,145,700 
California Department of Water                 
Resources, Water System                 
Revenue (Central Valley                 
Project)    5.50    12/1/11    225,000 c    241,951 
California Department of Water                 
Resources, Water System                 
Revenue (Central Valley                 
Project)    5.50    12/1/15    1,275,000    1,360,846 
California Department of Water                 
Resources, Water System                 
Revenue (Central Valley                 
Project) (Insured; MBIA)    5.00    12/1/23    10,000,000    10,324,400 
California Educational Facilities                 
Authority, Revenue (Pooled                 
College and University                 
Projects)    5.63    7/1/08    810,000 c    830,120 
California Educational Facilities                 
Authority, Revenue (Pooled                 
College and University                 
Projects)    5.63    7/1/23    465,000    461,592 
California Educational Facilities                 
Authority, Revenue (Stanford                 
University)    5.00    3/15/39    15,085,000    16,197,066 
California Educational Facilities                 
Authority, Revenue (University                 
of Southern California)    4.50    10/1/33    55,000,000    51,432,700 
California Health Facilities                 
Financing Authority, Health                 
Facility Revenue (Adventist                 
Health System/West)    5.00    3/1/17    870,000    888,522 
California Health Facilities                 
Financing Authority, Health                 
Facility Revenue (Adventist                 
Health System/West)    5.00    3/1/18    1,000,000    1,017,060 
California Health Facilities                 
Financing Authority, Revenue                 
(Cedars-Sinai Medical Center)    6.13    12/1/09    30,695,000 c    32,647,202 
California Health Facilities                 
Financing Authority, Revenue                 

(Cedars-Sinai Medical Center)    6.25    12/1/09    9,460,000 c    10,087,009 
California Health Facilities                 
Financing Authority, Revenue                 
(Cedars-Sinai Medical Center)    5.00    11/15/19    2,000,000    2,045,100 
California Health Facilities                 
Financing Authority, Revenue                 
(Sutter Health)    6.25    8/15/35    7,965,000    8,506,461 
California Health Facilities                 
Financing Authority, Revenue                 
(Sutter Health)    5.25    11/15/46    32,665,000    33,285,635 
California Health Facilities                 
Financing Authority, Revenue                 
(Sutter Health) (Insured; MBIA)    5.35    7/15/09    240,000 c    249,840 
California Health Facilities                 
Financing Authority, Revenue                 
(Sutter Health) (Insured; MBIA)    5.35    8/15/28    3,540,000    3,648,359 
California Housing Finance Agency,                 
Home Mortgage Revenue    4.80    8/1/36    6,500,000    6,089,980 
California Housing Finance Agency,                 
MFHR (Insured; AMBAC)    6.15    8/1/22    1,845,000    1,861,919 
California Housing Finance Agency,                 
SFMR    6.30    8/1/24    495,000    499,732 
California Housing Finance Agency,                 
SFMR (Collateralized; FHA and                 
Insured; AMBAC)    6.25    8/1/14    180,000    181,679 
California Infrastructure and                 
Economic Development Bank, Bay             
Area Toll Bridges Seismic                 
Retrofit Revenue (First Lien)                 
(Insured; FSA)    5.25    7/1/13    2,000,000 c    2,160,660 
California Infrastructure and                 
Economic Development Bank,                 
Revenue (Kaiser Hospital                 
Assistance I-LLC)    5.55    8/1/31    21,900,000    22,411,365 
California Infrastructure and                 
Economic Development Bank,                 
Revenue (Performing Arts                 
Center of Los Angeles County)    5.00    12/1/27    1,000,000    1,006,700 
California Infrastructure and                 
Economic Development Bank,                 
Revenue (The J. Paul Getty                 
Trust)    4.00    12/1/11    2,900,000    2,905,365 
California Municipal Finance                 
Authority, COP (Community                 
Hospitals of Central                 
California Obligated Group)    5.25    2/1/37    11,710,000    11,293,241 
California Pollution Control                 
Financing Authority, PCR    5.90    6/1/14    11,000,000 a,b    12,286,945 
California Pollution Control                 
Financing Authority, PCR                 
(Insured; MBIA)    5.90    6/1/14    48,330,000 a,b    53,984,368 
California Pollution Control                 

Financing Authority, SWDR                 
(Browning-Ferris Industries of                 
California, Inc. Project)    5.80    12/1/16    2,000,000    2,011,920 
California Pollution Control                 
Financing Authority, SWDR                 
(Browning-Ferris Industries of                 
California, Inc. Project)    6.75    9/1/19    600,000    602,796 
California Pollution Control                 
Financing Authority, SWDR                 
(Republic Services, Inc.                 
Project)    5.25    12/1/17    2,000,000    2,041,320 
California Public Works Board,                 
LR (Department of Corrections,             
Calipatria State Prison,                 
Imperial County) (Insured;                 
MBIA)    6.50    9/1/17    13,000,000    15,057,120 
California Public Works Board,                 
LR (Department of Health                 
Services, Richmond Laboratory             
Project) (Insured; AMBAC)    5.00    11/1/21    10,910,000    11,388,622 
California Public Works Board,                 
LR (University of California                 
Research Projects) (Insured;                 
MBIA)    5.25    11/1/28    10,005,000    10,508,952 
California Public Works Board,                 
LR (Various University of                 
California Projects)    5.50    6/1/14    5,000,000    5,405,700 
California State Public Works                 
Board, LR (Department of                 
Corrections) (California State                 
Prison - Kern County at Delano             
II)    5.50    6/1/13    3,000,000    3,255,360 
California State Public Works                 
Board, LR (Department of                 
Health Services-Richmond                 
Laboratory, Phase III Office                 
Building) (Insured; XLCA)    5.00    11/1/19    1,680,000    1,750,409 
California State Public Works                 
Board, LR (Department of                 
Health Services-Richmond                 
Laboratory, Phase III Office                 
Building) (Insured; XLCA)    5.00    11/1/20    1,275,000    1,322,940 
California State Public Works                 
Board, LR (Department of                 
Mental Health-Coalinga State                 
Hospital)    5.50    6/1/18    2,500,000    2,687,750 
California State University,                 
Fresno Association Inc.,                 
Auxiliary Organization Event                 
Center Revenue    6.00    7/1/12    3,500,000 c    3,891,440 
California State University,                 
Fresno Association Inc.,                 

Auxiliary Organization Event                 
Center Revenue    6.00    7/1/12    2,500,000 c    2,779,600 
California State University,                 
Fresno Association Inc.,                 
Auxiliary Organization Event                 
Center Revenue    6.00    7/1/12    5,250,000 c    5,837,160 
California Statewide Communities                 
Development Authority,                 
Apartment Development Revenue             
(Irvine Apartment Communities,                 
L.P.)    5.05    5/15/08    6,875,000    6,917,625 
California Statewide Communities                 
Development Authority, COP                 
(Catholic Healthcare West)    6.50    7/1/10    2,780,000 c    3,020,665 
California Statewide Communities                 
Development Authority, COP                 
(Catholic Healthcare West)    6.50    7/1/20    1,220,000    1,322,858 
California Statewide Communities                 
Development Authority, COP                 
(The Internext Group)    5.38    4/1/30    20,000,000    19,513,800 
California Statewide Communities                 
Development Authority, Health                 
Facility Revenue (Adventist                 
Health System/West)    5.00    3/1/35    11,880,000    11,610,918 
California Statewide Communities                 
Development Authority, Revenue                 
(Daughters of Charity Health                 
System)    5.25    7/1/24    8,205,000    8,136,488 
California Statewide Communities                 
Development Authority, Revenue                 
(Kaiser Permanente)    5.50    11/1/32    13,500,000    13,738,410 
California Statewide Communities                 
Development Authority, Revenue                 
(Saint Ignatius College                 
Preparatory) (Insured; AMBAC)    5.00    6/1/32    5,635,000    5,810,530 
California Statewide Communities                 
Development Authority, Revenue                 
(Sutter Health)    5.50    8/15/28    14,000,000    14,546,700 
California Statewide Communities                 
Development Authority, Revenue                 
(The California Endowment)    5.25    7/1/20    2,280,000    2,420,152 
California Statewide Communities                 
Development Authority, Revenue                 
(The California Endowment)    5.00    7/1/28    15,360,000    15,753,216 
California Statewide Communities                 
Development Authority, Revenue                 
(The California Endowment)    5.00    7/1/33    16,710,000    17,111,875 
Capistrano Unified School                 
District, Community Facilities                 
District Special Tax Number 98                 
(Ladera)    5.75    9/1/09    5,500,000 c    5,827,030 
Capistrano Unified School                 

District, School Facilities                 
Improvement District Number 1                 
(Insured; FGIC)    6.00    8/1/24    2,075,000    2,212,489 
Capistrano Unified School                 
District, Community Facilities                 
District Number 98-2, Special                 
Tax Revenue (Insured; FGIC)    5.00    9/1/19    3,545,000    3,718,315 
Carson Redevelopment Agency,                 
Tax Allocation Revenue                 
(Redevelopment Project Area                 
Number 1) (Insured; MBIA)    5.50    10/1/13    1,000,000    1,092,090 
Castaic Lake Water Agency,                 
COP, Revenue (Water System                 
Improvement Project) (Insured;                 
AMBAC)    0.00    8/1/27    10,000,000    3,761,500 
Cathedral City, Cove Improvement                 
District Number 2004-02,                 
Limited Obligation Improvement    5.00    9/2/21    1,040,000    1,014,946 
Central California Joint Powers                 
Health Financing Authority,                 
COP (Community Hospitals of                 
Central California Obligated                 
Group)    6.00    2/1/10    5,000,000 c    5,323,200 
Central California Joint Powers                 
Health Financing Authority,                 
COP (Community Hospitals of                 
Central California Obligated                 
Group)    6.00    2/1/10    1,000,000 c    1,064,640 
Central California Joint Powers                 
Health Financing Authority,                 
COP (Community Hospitals of                 
Central California Obligated                 
Group)    5.75    2/1/11    18,500,000 c    19,934,305 
Chabot-Las Positas Community                 
College District, GO (Insured;                 
AMBAC)    0.00    8/1/22    3,000,000    1,425,720 
Chabot-Las Positas Community                 
College District, GO (Insured;                 
AMBAC)    0.00    8/1/32    10,000,000    2,651,000 
Chino Valley Unified School                 
District, GO (Insured; MBIA)    5.25    8/1/30    10,000,000    10,504,700 
Coast Community College District,                 
GO (Insured; FSA)    0.00    8/1/29    15,565,000    11,863,176 
Contra Costa County,                 
MFHR (Pleasant Hill BART                 
Transit Village Apartments                 
Project) (Insured; XLCA)    3.95    12/20/07    2,500,000    2,500,600 
Contra Costa County Public Finance                 
Authority, Tax Allocation                 
Revenue (Pleasant Hill BART,                 
North Richmond, Bay Point,                 
Oakley and Rodeo Redevelopment             

Projects Areas)    5.45    8/1/09    2,260,000 c    2,375,237 
Contra Costa County Public Finance             
Authority, Tax Allocation                 
Revenue (Pleasant Hill BART,                 
North Richmond, Bay Point,                 
Oakley and Rodeo Redevelopment             
Projects Areas)    5.45    8/1/28    395,000    399,693 
Cucamonga County Water District,                 
COP (Insured; FGIC)    5.25    9/1/25    5,555,000    5,790,921 
Delano,                 
COP (Delano Regional Medical             
Center)    5.25    1/1/18    13,500,000    13,537,800 
Dublin Unified School District,                 
GO (Insured; FSA)    5.00    8/1/29    13,430,000    13,923,821 
Elsinore Valley Municipal Water                 
District, COP (Insured; FGIC)    5.38    7/1/19    3,855,000    4,243,507 
Escondido Reassessment District                 
Number 98-1 (Rancho San                 
Pasqual)    5.70    9/2/26    1,335,000    1,356,440 
Fontana,                 
Special Tax (Insured; MBIA)    5.25    9/1/17    10,000,000    10,349,600 
Fontana Public Financing                 
Authority, Tax Allocation                 
Revenue (North Fontana                 
Redevelopment Project)                 
(Insured; AMBAC)    5.50    9/1/32    13,800,000    14,427,486 
Foothill/Eastern Transportation                 
Corridor Agency, Toll Road                 
Revenue    7.05    1/1/10    2,000,000    2,153,020 
Foothill/Eastern Transportation                 
Corridor Agency, Toll Road                 
Revenue    5.75    1/15/40    1,745,000    1,764,527 
Foothill/Eastern Transportation                 
Corridor Agency, Toll Road                 
Revenue (Insured; MBIA)    5.25    1/15/12    4,550,000    4,751,338 
Foothill/Eastern Transportation                 
Corridor Agency, Toll Road                 
Revenue (Insured; MBIA)    5.13    1/15/19    2,000,000    2,072,920 
Fremont Union High School                 
District, GO (Insured; FGIC)    5.25    9/1/10    3,400,000 c    3,562,928 
Fremont Union High School                 
District, GO (Insured; FGIC)    5.25    9/1/10    4,000,000 c    4,191,680 
Fremont Union High School                 
District, GO (Insured; FGIC)    5.25    9/1/10    11,295,000 c    11,836,256 
Fullerton Community Facilities                 
District Number 1, Special Tax                 
Revenue (Amerige Heights)    6.10    9/1/22    1,000,000    1,037,270 
Fullerton Community Facilities                 
District Number 1, Special Tax                 
Revenue (Amerige Heights)    6.20    9/1/32    2,500,000    2,579,900 
Golden State Tobacco                 
Securitization Corporation,                 

Enhanced Tobacco Settlement                 
Asset-Backed Bonds    5.50    6/1/13    5,000,000 c    5,399,400 
Golden State Tobacco                 
Securitization Corporation,                 
Enhanced Tobacco Settlement                 
Asset-Backed Bonds (Insured;                 
FSA)    0/4.55    6/1/22    1,725,000 d    1,397,043 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    6.75    6/1/13    14,770,000 c    16,973,389 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    5.75    6/1/47    34,725,000    33,796,453 
Imperial Redevelopment Agency,                 
Subordinate Tax Allocation                 
Revenue (Imperial                 
Redevelopment Project)    4.50    12/1/11    2,000,000    1,968,380 
Indian Wells Redevelopment Agency,             
Tax Allocation Revenue                 
(Consolidated Whitewater                 
Redevelopment Project)                 
(Insured; AMBAC)    4.13    9/1/23    1,900,000    1,775,037 
Kaweah Delta Health Care District,                 
Revenue    6.00    8/1/12    9,000,000 c    10,096,560 
La Quinta Financing Authority,                 
Local Agency Revenue (Insured;             
AMBAC)    5.00    9/1/29    12,400,000    12,720,168 
Lincoln, Community Facilities                 
District Number 2003-1 Special                 
Tax Bonds (Lincoln Crossing                 
Project)    5.65    9/1/13    1,140,000 c    1,267,201 
Long Beach Special Tax Community             
Facilities District Number 5                 
(Towne Center)    6.88    10/1/25    500,000    505,650 
Los Angeles Community College                 
District (Insured; MBIA)    5.50    8/1/11    1,845,000 c    1,973,892 
Los Angeles County Metropolitan                 
Transportation Authority,                 
Sales Tax Revenue (Insured;                 
FGIC)    5.00    7/1/10    1,450,000 c    1,519,455 
Los Angeles Department of Water                 
and Power, Water System                 
Revenue (Insured: AMBAC)    5.00    7/1/32    5,000,000    5,168,450 
Los Angeles Unified School                 
District, GO (Insured; MBIA)    5.75    7/1/15    3,000,000    3,374,580 
Los Angeles Unified School                 
District, GO (Insured; MBIA)    5.75    7/1/17    8,385,000    9,531,230 
Madera County,                 
COP (Valley Children's                 
Hospital) (Insured; MBIA)    6.50    3/15/09    3,370,000    3,508,541 

Midpeninsula Regional Open Space                 
District Financing Authority,                 
Revenue (Insured; AMBAC)    0.00    9/1/15    2,825,000    2,034,283 
Modesto Irrigation District,                 
COP (Capital Improvements)                 
(Insured; FSA)    5.25    7/1/16    1,370,000    1,452,543 
Murrieta Valley Unified School                 
District, GO (Insured; FGIC)    0.00    9/1/21    4,950,000    2,593,751 
Natomas Unified School District,                 
GO (Insured; MBIA)    5.95    9/1/21    2,500,000    2,871,550 
Northern California Power Agency,                 
Revenue (Hydroelectric Project                 
Number 1) (Insured; AMBAC)    7.00    1/1/16    670,000 c    810,412 
Northern California Power Agency,                 
Revenue (Hydroelectric Project                 
Number 1) (Insured; AMBAC)    7.50    7/1/21    375,000 c    485,625 
Northern California Power Agency,                 
Revenue (Hydroelectric Project                 
Number 1) (Insured; MBIA)    6.30    7/1/18    26,400,000    31,060,392 
Oakland Unified School District,                 
GO (Insured; FGIC)    5.25    8/1/24    17,275,000    18,020,416 
Orange County Community Facilities                 
District (Landera Ranch)                 
Special Tax Number 1    6.25    8/15/08    1,600,000 c    1,639,968 
Orange County Community Facilities                 
District (Landera Ranch)                 
Special Tax Number 1    6.00    8/15/10    3,000,000 c    3,231,480 
Orange County Community Facilities                 
District (Landera Ranch)                 
Special Tax Number 3    5.60    8/15/28    3,250,000    3,289,715 
Orange County Community Facilities                 
District (Landera Ranch)                 
Special Tax Number 3    5.63    8/15/34    6,000,000    6,032,940 
Orange County Community Facilities                 
District, Special Tax (Number                 
03-1 Ladera Ranch)    5.25    8/15/19    1,100,000    1,112,012 
Orange County Community Facilities                 
District, Special Tax (Number                 
03-1 Ladera Ranch)    5.30    8/15/20    1,450,000    1,462,847 
Orange County Community Facilities                 
District, Special Tax (Number                 
04-1 Ladera Ranch)    4.88    8/15/21    2,355,000    2,305,945 
Orange County Public Financing                 
Authority, LR (Juvenile                 
Justice Center Facility)                 
(Insured; AMBAC)    5.38    6/1/19    6,150,000    6,564,203 
Pomona,                 
COP (General Fund Lease                 
Financing) (Insured; AMBAC)    5.50    6/1/28    1,000,000    1,067,500 
Pomona Redevelopment Agency,                 
Tax Allocation Revenue (West                 
Holt Avenue Redevelopment                 

Project)    5.50    5/1/32    3,000,000    3,088,110 
Port of Oakland,                 
Revenue (Insured; FGIC)    5.38    11/1/27    18,920,000    19,494,222 
Poway Unified School District                 
Community Facilities District                 
Number 14, Improvement Area A                 
Special Tax (Del Sur)    5.00    9/1/19    1,015,000    980,784 
Poway Unified School District                 
Community Facilities District                 
Number 14, Special Tax (Del                 
Sur)    4.90    9/1/18    1,790,000    1,721,228 
Rancho Cucamonga Redevelopment                 
Agency, Tax Allocation Revenue                 
(Rancho Development Project)                 
(Insured; MBIA)    5.38    9/1/25    7,485,000    7,808,577 
Rancho Mirage Joint Powers                 
Financing Authority, Revenue                 
(Eisenhower Medical Center)    5.63    7/1/14    10,430,000 c    11,548,930 
Rancho Water District                 
(Insured; FSA)    5.50    8/1/08    1,670,000    1,698,373 
Riverside County,                 
SFMR (Collateralized; GNMA)    7.80    5/1/21    1,250,000    1,650,125 
Riverside County Public Financing                 
Authority, Tax Allocation                 
Revenue (Redevelopment                 
Projects) (Insured; XLCA)    5.25    10/1/18    1,275,000    1,348,874 
Sacramento City Financing                 
Authority, Revenue (Insured;                 
AMBAC)    5.50    12/1/13    4,670,000 a,b    4,983,100 
Sacramento City Financing                 
Authority, Revenue (Insured;                 
AMBAC)    5.50    12/1/14    5,140,000 a,b    5,484,611 
Sacramento County,                 
Laguna Creek Ranch/Elliott                 
Ranch Community Facilities                 
District Number 1, Improvement                 
Area Number 1, Special Tax                 
(Laguna Creek Ranch)    5.70    12/1/20    2,970,000    3,009,739 
Sacramento County,                 
Special Tax (Community                 
Facilities District Number 1)    5.20    12/1/07    1,110,000    1,111,299 
Sacramento County,                 
Special Tax (Community                 
Facilities District Number 1)    5.40    12/1/09    1,220,000    1,235,213 
Sacramento County Housing                 
Authority, MFHR (Cottage                 
Estate Apartments)                 
(Collateralized; FNMA)    6.00    2/1/33    1,000,000    1,029,240 
Sacramento County Sanitation                 
District Financing Authority,                 
Revenue    5.50    12/1/14    4,000,000    4,253,960 
Sacramento County Water Financing                 

Authority, Revenue (Sacramento             
County Water Agency Zones 40             
and 41 2007 Water System                 
Project) (Insured; FGIC)    5.00    6/1/25    10,845,000    11,281,511 
Sacramento Municipal Utility                 
District, Electric Revenue                 
(Insured; MBIA)    6.50    9/1/13    6,930,000    7,653,631 
San Bernardino County,                 
COP (Capital Facilities                 
Project)    6.88    8/1/24    5,000,000    6,283,400 
San Diego County,                 
COP (Burnham Institute for                 
Medical Research)    5.70    9/1/09    3,700,000 c    3,833,237 
San Diego County,                 
COP (Burnham Institute for                 
Medical Research)    6.25    9/1/09    3,800,000 c    4,025,378 
San Diego County,                 
COP (Burnham Institute for                 
Medical Research)    5.00    9/1/12    1,260,000    1,288,211 
San Diego County,                 
COP (Burnham Institute for                 
Medical Research)    5.00    9/1/24    2,265,000    2,213,041 
San Diego County,                 
COP (Burnham Institute for                 
Medical Research)    5.00    9/1/34    5,190,000    4,886,229 
San Diego Housing Authority,                 
MFHR (Island Village                 
Apartments) (Collateralized;                 
FHLMC)    5.10    7/1/12    825,000    855,121 
San Diego Unified School District                 
(Election of 1998) (Insured;                 
FSA)    5.25    7/1/16    1,465,000    1,583,299 
San Francisco Bay Area Rapid                 
Transit District, GO    5.00    8/1/32    10,000,000    10,338,600 
San Francisco Bay Area Rapid                 
Transit District, GO    5.00    8/1/35    10,000,000    10,319,300 
San Francisco City and County,                 
COP (San Bruno Jail Number 3)             
(Insured; AMBAC)    5.25    10/1/21    2,985,000    3,082,878 
San Francisco City and County                 
Airport Commission, San                 
Francisco International                 
Airport Second Series Revenue             
(Issue 32F) (Insured; FGIC)    5.00    5/1/21    1,000,000    1,045,350 
San Francisco City and County                 
Public Utilities Commission,                 
San Francisco Water Revenue             
(Insured; FSA)    5.00    11/1/24    10,000,000    10,395,000 
San Francisco City and County                 
Redevelopment Agency,                 
Community Facilities District                 
Number 6 (Mission Bay South             

Public Improvements)    0.00    8/1/18    445,000    245,716 
San Francisco City and County                 
Redevelopment Agency,                 
Community Facilities District                 
Number 6 (Mission Bay South                 
Public Improvements)    0.00    8/1/21    500,000    229,150 
San Joaquin Hills Transportation                 
Corridor Agency, Toll Road                 
Revenue (Insured; MBIA)    0.00    1/15/32    48,295,000    14,220,463 
San Jose Redevelopment Agency,                 
Tax Allocation Revenue (Merged                 
Area Redevelopment Project)    5.25    8/1/08    1,000,000 c    1,034,700 
San Jose Unified School District,                 
GO (Insured; FGIC)    5.00    8/1/24    12,580,000    13,088,861 
San Mateo Redevelopment Agency,                 
Merged Area Tax Allocation                 
Revenue    5.10    8/1/11    1,835,000 c    1,934,530 
San Mateo Union High School                 
District, GO (Insured; FSA)    5.00    9/1/21    1,000,000    1,039,050 
Santa Clara Unified School                 
District, GO    5.50    7/1/16    1,870,000    1,977,282 
Santa Fe Springs Community                 
Development Commission, Tax                 
Allocation Revenue                 
(Consolidated Redevelopment                 
Project) (Insured; MBIA)    5.00    9/1/19    2,095,000    2,214,394 
Sequoia Union High School                 
District, GO (Insured; FSA)    5.00    7/1/24    2,695,000    2,803,123 
Simi Valley School Financing                 
Authority, GO Revenue (Simi                 
Valley Unified School District                 
GO Bond) (Insured; FSA)    5.00    8/1/27    6,500,000    6,781,710 
South Placer Wastewater Authority,                 
Wastewater Revenue (Insured;                 
FGIC)    5.25    11/1/10    1,000,000 c    1,059,240 
South Placer Wastewater Authority,                 
Wastewater Revenue (Insured;                 
FGIC)    5.50    11/1/10    1,000,000 c    1,066,660 
Stockton,                 
Health Facilities Revenue                 
(Dameron Hospital Association)    5.70    12/1/14    1,000,000    1,020,760 
Tobacco Securitization Authority                 
of Northern California,                 
Tobacco Settlement                 
Asset-Backed Bonds (Sacramento             
County Tobacco Securitization                 
Corporation)    5.38    6/1/38    20,000,000    18,826,000 
Tobacco Securitization Authority                 
of Southern California,                 
Tobacco Settlement                 
Asset-Backed Bonds (San Diego                 
County Tobacco Asset                 

Securitization Corporation)    4.75    6/1/25    2,430,000    2,354,719 
Torrance Redevelopment Agency,                 
Tax Allocation Revenue    5.63    9/1/28    500,000    501,640 
University of California,                 
Multi Purpose Revenue                 
(Insured; MBIA)    5.25    9/1/08    31,475,000 c    32,303,737 
University of California,                 
Revenue (Limited Project)                 
(Insured; FSA)    5.00    5/15/22    14,655,000    15,165,873 
Ventura County Community College                 
District, GO (Insured; MBIA)    5.50    8/1/23    4,250,000    4,551,070 
West Covina Redevelopment Agency,                 
Community Facilities District,                 
Special Tax Revenue (Fashion                 
Plaza)    6.00    9/1/17    6,000,000    6,627,780 
West Covina Redevelopment Agency,                 
Community Facilities District,                 
Special Tax Revenue (Fashion                 
Plaza)    6.00    9/1/22    11,325,000    12,656,707 
West Kern Community College                 
District, GO (Insured; XLCA)    0.00    11/1/20    1,000,000    525,620 
Whittier Health Facility,                 
Revenue (Presbyterian                 
Intercommunity Hospital)    5.75    6/1/12    10,090,000 c    11,107,879 
U.S. Related--5.7%                 
Children's Trust Fund of Puerto                 
Rico, Tobacco Settlement                 
Asset-Backed Bonds    5.75    7/1/10    1,000,000 c    1,057,780 
Children's Trust Fund of Puerto                 
Rico, Tobacco Settlement                 
Asset-Backed Bonds    5.75    7/1/10    3,000,000 c    3,173,340 
Puerto Rico Commonwealth,                 
Public Improvement    5.25    7/1/22    2,000,000    2,074,980 
Puerto Rico Electric Power                 
Authority, Power Revenue                 
(Insured; FSA)    5.75    7/1/10    2,000,000 c    2,131,980 
Puerto Rico Highways and                 
Transportation Authority,                 
Highway Revenue (Insured; FSA)    6.25    7/1/16    3,000,000    3,511,350 
Puerto Rico Highways and                 
Transportation Authority,                 
Highway Revenue (Insured; MBIA)    5.50    7/1/13    4,750,000    5,084,780 
Puerto Rico Highways and                 
Transportation Authority,                 
Transportation Revenue    6.00    7/1/10    2,000,000 c    2,145,320 
Puerto Rico Highways and                 
Transportation Authority,                 
Transportation Revenue                 
(Insured; MBIA)    5.00    7/1/38    2,000,000 a,b    2,040,770 
Puerto Rico Infrastructure                 
Financing Authority, Special                 
Obligation    5.50    10/1/32    10,000,000    10,505,800 

Puerto Rico Infrastructure                 
Financing Authority, Special                 
Tax Revenue    5.50    10/1/40    39,000,000    40,926,210 
Puerto Rico Public Buildings                 
Authority, Government Facility                 
Revenue    5.50    7/1/16    1,500,000    1,624,725 
Virgin Islands Public Finance                 
Authority, Revenue    7.30    10/1/18    3,100,000    3,753,697 
Virgin Islands Public Finance                 
Authority, Revenue, Virgin                 
Islands Gross Receipts Taxes                 
Loan Note    5.63    10/1/10    1,445,000    1,470,403 
Virgin Islands Public Finance                 
Authority, Revenue, Virgin                 
Islands Matching Fund Loan                 
Notes    6.00    10/1/22    2,000,000    2,026,480 
Virgin Islands Water and Power                 
Authority, Electric System                 
Revenue (Insured; Radian)    5.13    7/1/11    1,000,000    1,015,370 
Total Long-Term Municipal Investments             
(cost $1,368,308,166)                1,407,553,616 
Short-Term Municipal    Coupon    Maturity    Principal     
Investments--2.1%    Rate (%)    Date    Amount ($)    Value ($) 
California;                 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC: Bayerische                 
Landesbank and Westdeutsche             
Landesbank)    3.82    9/1/07    4,000,000 e    4,000,000 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC; BNP Paribas)    3.89    9/1/07    4,000,000 e    4,000,000 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC; Citibank NA)    3.89    9/1/07    9,500,000 e    9,500,000 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC; JPMorgan Chase             
Bank and Societe Generale)    3.86    9/1/07    3,000,000 e    3,000,000 
California Department of Water                 
Resources, Power Supply                 
Revenue (LOC; State Street                 
Bank and Trust Co.)    3.94    9/1/07    1,340,000 e    1,340,000 
California Infrastructure and                 
Economic Development Bank,                 
Insured Revenue (Insured;                 
AMBAC and Liquidity Facility;                 
JPMorgan Chase Bank)    3.91    9/1/07    2,500,000 e    2,500,000 
Manteca Redevelopment Agency,                 
Subordinate Tax Allocation                 
Revenue, Refunding (Amended             
Merged Project Area) (Insured;             

XLCA and Liquidity Facility;                 
State Street Bank and Trust                 
Co.)    3.90    9/1/07    3,300,000 e    3,300,000 
Ontario Industrial Development                 
Authority, IDR (L.D. Brinkman                 
and Company - West Coast                 
Project) (LOC; Bank of America)    3.94    9/1/07    2,000,000 e    2,000,000 
Total Short-Term Municipal Investments             
(cost $29,640,000)                29,640,000 
Total Investments (cost $1,397,948,166)        99.6%    1,437,193,616 
Cash and Receivables (Net)            .4%    5,539,176 
Net Assets            100.0%    1,442,732,792 

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, 2007, these securities 
    amounted to $89,514,194 or 6.2% of net assets. 
b    Collateral for floating rate borrowings. 
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    Zero coupon until a specified date at which time the stated coupon rate becomes effective until maturity. 
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.

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.

DREYFUS PREMIER CALIFORNIA TAX EXEMPT BOND FUND, INC. 
 
By:    /s/ J. David Officer 
    J. David Officer 
    President 
 
Date:    October 23, 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:    October 23, 2007 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    October 23, 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)