Sub-Item 77O 

Rule 10f-3 Transactions 

DREYFUS PREMIER CALIFORNIA AMT-FREE MUNICIPAL BOND FUND

On October 18, 2007, Dreyfus Premier California AMT-Free Municipal Bond Fund (the "Fund") purchased $25,000,000.00 of California State General Obligation – Rated: A1 Moody’s, A+ S&P, A+ Fitch - CUSIP # 13063AJH8 (the “Bonds”). The Bonds were purchased from Goldman Sachs, the underwriting syndicate offering the Bonds. Pershing, an affiliate of the Fund, was a member of the syndicate but received no benefit in connection with the transaction. No other member received any economic benefit. The following is a list of the syndicate's primary members:

Goldman, Sachs & Co. 

Lehman Brothers 

RBC Capital Markets 

Ramirez & Co., Inc. 

Banc of America Securities LLC 

Bear, Stearns & Co. Inc. 

Brandis Tallman LLC 

Citigroup Global Markets Inc. 

City National Securities, Inc. 

E.J. De La Rosa & Co., Inc. 

Fidelity Capital Markets Services 

First Southwest Company 

J.P. Morgan Securities Inc. 

Lam Securities Investments 

Merrill Lynch & Co. 

Morgan Stanley & Co. Incorporated 

Nollenberger Capital Partners Inc. 

Pershing L.L.C., Principal Trading 

Popular Securities, Inc. 

Raymond James & Associates 

Robert Van Securities 

Roberts & Ryan Investments Inc. 

Sibert Branford Shank & Co. 

Stone & Youngberg LLC 

Sutter Securities Incorporated 

UBS Securities LLC 

Wedbush Morgan Securities 

Wells Fargo Brokerage Services LLC 

Westhoff, Cone & Holmstedt 

DPCAAMT

PROPOSED RESOLUTION

RESOLVED, that the transaction engaged in by the Fund, pursuant to Rule 10f-3 under the Investment Company Act of 1940, as amended, hereby is determined to have been effected in compliance with the Procedures adopted by the Board with respect to such transaction.