N-Q 1 form.htm FORM NQ-031 form
    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 811-4748 
 
    DREYFUS PREMIER FIXED INCOME FUNDS 
    (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:    10/31 
 
Date of reporting period:    1/31/06 


FORM N-Q

Item 1. Schedule of Investments.

DREYFUS PREMIER FIXED INCOME FUNDS: DREYFUS PREMIER CORE BOND FUND 
Statement of Investments         
January 31, 2006 (Unaudited)         
    Principal     
Bonds and Notes - 116.3 %    Amount a    Value ($) 
Aerospace & Defense - .1%         
L-3 Communications,         
Conv. Bonds, 3%, 2035    625,000b    645,313 
 
Agricultural - .6%         
Altria:         
Debs., 7.75%, 2027    1,750,000c    2,057,844 
Notes, 7%, 2013    1,885,000    2,051,661 
        4,109,505 
Airlines - .0%         
USAir,         
Enhanced Equipment Notes, Ser. C, 8.93%, 2009 1,435,843d,e    144 
 
Asset-Backed Ctfs./Automobile Receivables - 1.4%     
Capital Auto Receivables Asset Trust:         
Ser. 2003-B, Cl. A4, 3.18%, 2010    350,000    343,981 
Ser. 2005-1, Cl. D, 6.5%, 2012    1,100,000b    1,073,787 
Ford Credit Auto Owner Trust:         
Ser. 2004-A, Cl. C, 4.19%, 2009    1,400,000    1,379,291 
Ser. 2005-B, Cl. B, 4.64%, 2010    1,985,000    1,963,381 
GS Auto Loan Trust,         
Ser. 2004-1, Cl. A4, 2.65%, 2011    475,000    460,163 
Navistar Financial Corp Owner Trust,         
Ser. 2003-A, Cl. A4, 2.24%, 2009    875,000    855,137 
Onyx Acceptance Grantor Trust,         
Ser. 2003-D, Cl. A4, 3.2%, 2010    750,000    739,524 
Triad Auto Receivables Owner Trust,         
Ser. 2002-A, Cl. A4, 3.24%, 2009    418,414    414,689 
WFS Financial Owner Trust:         
Ser. 2004-1, Cl. A4, 2.81%, 2011    500,000    487,214 
Ser. 2005-2, Cl. B, 4.57%, 2012    2,560,000    2,533,248 
        10,250,415 
Asset-Backed Ctfs./Credit Cards - 1.8%         
Capital One Multi-Asset Execution Trust,         
Ser. 2004-C1, Cl. C1, 3.4%, 2009    1,150,000    1,132,057 
MBNA Master Credit Card Note Trust,         
Ser. 2002-C1, Cl. C1, 6.8%, 2014    11,322,000    12,200,718 
        13,332,775 
Asset-Backed Ctfs./Home Equity Loans - 4.1%     
Accredited Mortgage Loan Trust:         
Ser. 2005-1 Cl. A2A, 4.63%, 2035    1,861,163f    1,862,460 
Ser. 2005-2, Cl. A2A, 4.63%, 2035    1,542,107f    1,542,873 
Ser. 2005-3, Cl. A2A, 4.63%, 2035    3,004,084f    3,006,258 
Bayview Financial Acquisition Trust,         
Ser. 2005-B, Cl. 1A6, 5.208%, 2039    2,550,000    2,479,078 
Bear Stearns Asset Backed Securities,         
Ser. 2005-TC1, Cl. A1, 4.64%, 2035    839,788f    839,729 
CIT Group Home Equity Loan Trust,         
Ser. 2002-1, Cl. AF4, 5.97%, 2029    105,375    105,200 
Citigroup Mortgage Loan Trust,         
Ser. 2005-HE1, Cl. A3A, 4.62%, 2035    966,310f    966,445 
Fremont Home Loan Trust,         
Ser. 2005-1, Cl. 2A1, 4.63%, 2035    407,854    408,171 
Home Equity Asset Trust:         
Ser. 2005-5, Cl. 2A1, 4.64%, 2035    3,209,969f    3,212,094 
Ser. 2005-8, Cl. M4, 5.11%, 2036    1,870,000f    1,869,054 
Ser. 2005-8, Cl. M5, 5.14%, 2036    2,560,000f    2,555,977 
Ser. 2005-8, Cl. M7, 5.65%, 2036    1,175,000f    1,176,513 
Mastr Asset Backed Securities Trust,         
Ser. 2005-WMC1, Cl. A3, 4.63%, 2035    705,205f    705,296 
Morgan Stanley ABS Capital I,         
Ser. 2005-WMC3, Cl. A2A, 4.62%, 2035    998,594f    999,029 
Residential Asset Securities Corp.:         
Ser. 2004-KS10, Cl. AI1, 4.7%, 2013    338,319f    338,554 
Ser. 2005-AHL2, Cl. M2, 4.97%, 2035    875,000f    877,198 
Ser. 2005-AHL2, Cl. M3, 5%, 2035    555,000f    554,696 
Ser. 2005-EMX1, Cl. AI1, 4.63%, 2035    941,963f    942,743 
Ser. 2005-EMX3, Cl. M1, 4.96%, 2035    2,290,000f    2,295,047 
Ser. 2005-EMX3, Cl. M2, 4.98%, 2035    2,585,000f    2,589,510 
        29,325,925 
Asset-Backed Ctfs./Manufactured Housing - .8%     
Green Tree Financial,         
Ser. 1994-7, Cl. M1, 9.25%, 2020    3,084,840    3,233,521 
Origen Manufactured Housing:         
Ser. 2005-B, Cl. A2, 5.247%, 2018    1,500,000    1,499,963 
Ser. 2005-B, Cl. M2, 6.48%, 2037    1,000,000    998,476 
        5,731,960 
Asset-Backed Ctfs./Other - 6.6%         
Citigroup Mortgage Loan Trust:         
Ser. 2005-OPT1, Cl. A1B, 4.74%, 2035    650,000f    650,999 
Ser. 2005-OPT3, Cl. A1A, 4.62%, 2035    1,077,248f    1,077,420 
Conseco Finance Securitization,         
Ser. 2000-E, Cl. A5, 8.02%, 2031    2,567,731    2,636,751 
Credit-Based Asset Servicing and Securitization:     
Ser. 2005-CB4, Cl. AV1, 4.63%, 2035    1,069,096f    1,069,825 
Ser. 2005-CB8, Cl. AF5, 5.653%, 2035    3,167,000    3,149,889 
Ser. 2006-CB1, Cl. AF1, 5.457%, 2036    2,975,000    2,975,000 
First Franklin Mortgage Loan Asset-Backed Certificates,     
Ser. 2005-FFH3, Cl. 2A1, 4.66%, 2035    2,837,222f    2,839,227 
Merrill Lynch Mortgage Investors,         
Ser. 2005-WMC2, Cl. A2A, 4.64%, 2036    627,139f    627,189 
Morgan Stanley ABS Capital I:         
Ser. 2005-WMC2, Cl. A2A, 4.61%, 2035    1,663,202f    1,664,378 
Ser. 2005-WMC6, Cl. A2A, 4.64%, 2035    2,582,544f    2,584,289 
Ownit Mortgage Loan Asset Backed Ctfss.,     
Ser. 2006-1, Cl. AF1, 5.424%, 2036    3,310,000    3,309,990 
Park Place Securities,         
Ser. 2005-WHQ2, Cl. A2A, 4.63%, 2035    1,564,041f    1,565,233 
Popular ABS Mortgage Pass-Through Trust,     
Ser. 2005-6, Cl. M1, 5.91%, 2036    2,100,000    2,108,306 
Residential Asset Mortgage Products:         
Ser. 2004-RS12, Cl. AI6, 4.547%, 2034    1,450,000    1,415,840 
Ser. 2005-RS2, Cl. AII1, 4.64%, 2035    1,187,633f    1,188,695 
Ser. 2005-RS2, Cl. M2, 5.01%, 2035    2,105,000f    2,126,879 
Ser. 2005-RS2, Cl. M3, 5.08%, 2035    600,000f    606,220 
Ser. 2005-RS3, Cl. AIA1, 4.63%, 2035    1,816,052f    1,817,428 
Ser. 2005-RZ1, Cl. A1, 4.63%, 2034    1,354,309f    1,355,381 
Saxon Asset Securities Trust,         
Ser. 2004-2, Cl. AF2, 4.15%, 2035    9,715,000    9,631,608 
Specialty Underwriting & Residential Finance:     
Ser. 2005-BC1, Cl. A1A, 4.64%, 2035    884,223f    884,859 
Ser. 2005-BC2, Cl. A2A, 4.63%, 2035    1,050,973    1,051,749 
Soundview Home Equity Loan Trust,         
Ser. 2005-B, Cl. M2, 5.725%, 2035    1,400,000    1,392,590 
 
        47,729,745 
Auto Manufacturing - .7%         
DaimlerChrysler:         
Notes, 4.875%, 2010    1,100,000    1,072,521 
Notes, Ser. E, 5.21%, 2008    3,745,000f    3,760,257 
        4,832,778 
Banking - 4.1%         
Chevy Chase Bank,         
Sub. Notes, 6.875%, 2013    1,575,000    1,630,125 
Chuo Mitsui Trust & Banking,         
Sub. Notes, 5.506%, 2049    3,090,000b,f    3,007,911 
City National Bank of Beverly Hills California,     
Sub. Notes, 6.75%, 2011    800,000    859,436 
City National Bank,         
Sub. Notes, 6.375%, 2008    350,000    358,655 
Colonial Bank NA/Montgomery AL,         
Sub. Notes, 6.375%, 2015    1,530,000    1,569,933 
Crestar Capital Trust I,         
Capital Securities, 8.16%, 2026    1,165,000    1,235,455 
Hibernia,         
Sub. Notes, 5.35%, 2014    1,710,000    1,677,254 
Industrial Bank Of Korea,         
Sub. Notes, 4%, 2014    1,080,000b,f    1,032,719 
Popular North America,         
Notes, 4.83%, 2007    1,815,000c,f    1,815,561 
Sovereign Bancorp,         
Sr. Notes, 4.69%, 2009    2,965,000b,f    2,968,231 
Sumitomo Mitsui Banking,         
Notes, 5.625%, 2049    2,160,000b,f    2,147,412 
Washington Mutual,         
Sub. Notes, 4.625%, 2014    3,800,000    3,550,621 
Wells Fargo Capital I:         
Capital Securities, Ser. B, 7.95%, 2026    1,200,000b    1,268,456 
Capital Securities, Ser. I, 7.96%, 2026    450,000    476,075 
Zions Bancorp,         
Sr. Notes, 2.7%, 2006    3,975,000    3,954,290 
Sub. Notes, 6%, 2015    1,990,000    2,065,809 
        29,617,943 
Building & Construction - .8%         
American Standard,         
Sr. Notes, 7.375%, 2008    2,115,000    2,196,823 
D.R. Horton,         
Sr. Notes, 5.875%, 2013    1,870,000    1,825,320 
Schuler Homes,         
Notes, 10.5%, 2011    1,735,000    1,870,547 
        5,892,690 


Chemicals - 1.5%         
ICI Wilmington,         
Notes, 5.625%, 2013    1,525,000    1,507,789 
International Flavors & Fragrance,         
Notes, 6.45%, 2006    4,240,000    4,254,950 
Lubrizol,         
Debs., 6.5%, 2034    955,000    987,199 
RPM International:         
Sr. Notes, 4.45%, 2009    2,090,000    2,008,588 
Bonds, 6.25%, 2013    1,955,000    1,962,640 
        10,721,166 
Commercial & Professional Services - 1.0%         
Aramark Services:         
Sr. Notes, 6.375%, 2008    2,600,000    2,668,034 
Sr. Notes, 7%, 2007    2,415,000    2,461,267 
Erac USA Finance,         
Notes, 7.95%, 2009    1,095,000b    1,196,499 
R.R. Donnelley & Sons,         
Notes, 5%, 2006    1,000,000    994,360 
        7,320,160 
Commercial Mortgage Pass - Through Ctfs. - 1.5%     
Bayview Commercial Asset Trust,         
Ser. 2004-1, Cl. M2, 5.73%, 2034    517,563b,f    526,128 
Ser. 2005-3A, Cl. A2, 4.93%, 2035    2,797,933b,f    2,797,933 
Ser. 2005-3A, Cl. B3, 7.53%, 2035    688,662b,f    688,662 
Ser. 2005-4A, Cl. M5, 5.18%, 2036    697,064b,f    697,064 
Bear Stearns Commercial Mortgage Securities,     
Ser. 2005-T18, Cl. A2, 4.556%, 2042    1,900,000    1,862,705 
Calwest Industrial Trust,         
Ser. 2002-CALW, Cl. A, 6.127%, 2017    2,035,000b    2,132,773 
Crown Castle Towers,         
Ser. 2005-1A, Cl. D, 5.612%, 2035    1,815,000b    1,764,513 
CS First Boston Mortgage Securities,         
Ser. 2001-CF2, Cl. A4, 6.505%, 2034    410,000    432,169 
        10,901,947 
Diversified Financial Services - 9.3%         
Amvescap:         
Notes, 4.5%, 2009    3,500,000    3,421,758 
Notes, 5.375%, 2014    900,000    876,225 
Sr. Notes, 5.9%, 2007    1,960,000    1,974,316 
Capital One Bank,         
Sub. Notes, 6.5%, 2013    2,624,000    2,777,103 
CIT,         
Sr. Notes, 4.49%, 2008    2,820,000f    2,824,811 
Countrywide Home Loans:         
Medium-Term Notes, Ser. J, 5.5%, 2006    1,200,000    1,204,027 
Medium-Term Notes, Ser. L, 2.875%, 2007    3,345,000    3,269,436 
Notes, 4.125%, 2009    2,010,000    1,935,815 
Fondo LatinoAmericano de Reservas,         
Notes, 3%, 2006    4,555,000b    4,511,240 
Ford Motor Credit:         
Notes, 5.35%, 2007    1,125,000f    1,064,269 
Notes, 6.5%, 2007    3,010,000    2,978,311 
Sr. Notes, 7.2%, 2007    1,550,000    1,521,029 
Glencore Funding,         
Notes, 6%, 2014    3,920,000b    3,725,035 
GMAC,         
Notes, 5.5%, 2007    3,760,000f    3,671,482 
HSBC Finance,         
Sr. Notes, 4.84%, 2012    4,195,000f    4,202,278 
ILFC E-Capital Trust I,         
Bonds, 5.9%, 2065    1,815,000b    1,820,271 
Jefferies,         
Sr. Notes, 7.75%, 2012    1,050,000    1,167,844 
Leucadia National,         
Sr. Notes, 7%, 2013    1,520,000    1,520,000 
MBNA Capital,         
Capital Securities, Ser. A, 8.278%, 2026    1,300,000    1,380,080 
Mizuho JGB Investment,         
Bonds, Ser. A, 9.87%, 2008    1,620,000b,f    1,782,802 
Pemex Finance,         
Bonds, 9.69%, 2009    3,750,000    4,047,806 
Residential Capital:         
Sr. Notes, 5.9%, 2007    2,760,000f    2,780,043 
Sr. Notes, 6.375%, 2010    2,745,000    2,816,499 
St. George Funding,         
Bonds, 8.485%, 2049    2,970,000b    3,206,272 
Sumitomo Bank Treasury,         
Bonds, 9.4%, 2049    3330,000b,f    3,629,743 
Tokai Preferred Capital,         
Bonds, 9.98%, 2049    3,115,000b,f    3,433,465 
        67,541,960 
Diversified Metals & Mining - .8%         
Falconbridge:         
Bonds, 5.375%, 2015    375,000    360,894 
Notes, 6%, 2015    2,270,000    2,289,016 
International Steel,         
Sr. Notes, 6.5%, 2014    265,000    271,625 
Ispat Inland ULC         
Secured Notes, 9.75%, 2014    600,000    693,000 
Southern Copper,         
Sr. Notes, 7.5%, 2035    2,020,000    2,028,350 
        5,642,885 
Electric Utilities - 4.0%         
Ameren,         
Bonds, 4.263%, 2007    800,000    790,226 
American Electric Power,         
Sr. Notes, 4.709%, 2007    1,400,000    1,390,864 
Cinergy,         
Debs., 6.53%, 2008    1,405,000    1,451,764 
Consumers Energy,         
First Mortgage Bonds, Ser. B, 5.375%, 2013    3,115,000    3,082,003 
Dominion Resources,         
Sr. Notes, Ser. D, 4.82%, 2007    3,790,000f    3,793,297 
FirstEnergy,         
Sr. Notes, Ser. B, 6.45%, 2011    3,530,000    3,715,413 
FPL Energy National Wind,         
Notes, 5.608%, 2024    733,073b    716,954 
FPL Group Capital,         
Debs., Ser. B, 5.551%, 2008    2,850,000    2,871,594 
Mirant,         
Sr. Notes, 7.375%, 2013    780,000b    797,550 
NiSource Finance,         
Notes, 4.95%, 2009    1,775,000    1,782,593 
PPL Capital Funding Trust I:         
Notes, 7.29%, 2006    185,000    185,811 
Notes, Ser. D, 8.375%, 2007    2,000,000    2,078,670 
Sierra Pacific Power,         
Mortgage Notes, 6.25%, 2012    1,050,000    1,076,250 
TXU:         
Sr. Notes, Ser. J, 6.375%, 2006    1,825,000    1,840,168 
Sr. Notes, Ser. O, 4.8%, 2009    3,420,000    3,296,709 
        28,869,866 
Environmental Control - .5%         
Oakmont Asset Trust,         
Notes, 4.514%, 2008    975,000b    951,578 
Waste Management:         
Sr. Notes, 6.5%, 2008    1,280,000    1,324,867 
Sr. Notes, 7%, 2028    1,350,000    1,503,635 
        3,780,080 
Food & Beverages - 1.2%         
Bavaria,         
Sr. Notes, 8.875%, 2010    3,450,000b    3,773,437 
H.J. Heinz,         
Notes, 6.428%, 2008    2,250,000b    2,317,109 
Safeway,         
Sr. Notes, 4.125%, 2008    1,295,000    1,253,819 
Stater Brothers,         
Sr. Notes, 8.125%, 2012    1,250,000    1,250,000 
        8,594,365 
Foreign Governmental - 2.4%         
Argentina Bonos,         
Bonds, 4.82%, 2012    7,035,000f    5,613,930 
Banco Nacional de Desenvolvimento Economico e Social,     
Notes, 5.73%, 2008    3,920,000f    3,920,000 
Export-Import Bank Of Korea,         
Sr. Notes, 4.5%, 2009    1,155,000    1,134,924 
Mexican Bonos,         
Bonds, Ser. M, 9%, 2011    23,190,000    2,331,102 


Republic of Brazil,         
Bonds, 12.5%, 2016    9,920,000    4,596,745 
        17,596,701 
Health Care - 1.2%         
Baxter International,         
Sr. Notes, 5.196%, 2008    2,100,000    2,102,474 
Coventry Health Care,         
Sr. Notes, 5.875%, 2012    1,170,000    1,181,700 
Medco Health Solutions,         
Sr. Notes, 7.25%, 2013    4,725,000    5,166,849 
        8,451,023 
Lodging & Entertainment - .6%         
Carnival,         
Notes, 7.3%, 2007    1,750,000    1,796,564 
MGM Mirage,         
Sr. Notes, 6%, 2009    1,310,000    1,310,000 
Mohegan Tribal Gaming Authority,         
Sr. Notes, 6.125%, 2013    1,355,000    1,349,919 
Speedway Motorsports,         
Sr. Sub. Notes, 6.75%, 2013    215,000    219,031 
        4,675,514 
Machinery - .0%         
Terex,         
Notes, 7.375%, 2014    250,000    252,500 
 
Manufacturing - .5%         
Bombardier,         
Notes, 6.3%, 2014    2,095,000b    1,890,738 
Tyco International,         
Notes, 6.875%, 2029    1,695,000    1,868,322 
        3,759,060 
Media - 2.0%         
AOL Time Warner,         
Deb., 7.7%, 2032    1,290,000    1,451,485 
Clear Channel Communications:         
Notes, 4.25%, 2009    1,800,000    1,730,561 
Notes, 4.5%, 2010    2,300,000    2,191,123 
Liberty Media,         
Sr. Notes, 5.99%, 2006    3,700,000f    3,723,791 
Media General,         
Notes, 6.95%, 2006    2,895,000    2,913,088 
Univision Communications,         
Sr. Notes, 2.875%, 2006    2,110,000    2,078,470 
        14,088,518 
Oil & Gas - 3.0%         
Colorado Interstate Gas,         
Sr. Notes, 5.95%, 2015    1,100,000    1,082,066 
Enterprise Products Operating,         
Sr. Notes, Ser. B, 4.625%, 2009    4,035,000    3,931,260 
Oneok,         
Sr. Notes, 5.51%, 2008    2,450,000    2,461,584 
PEMEX Project Funding Master Trust,         
Notes, 7.375%, 2014    2,960,000    3,275,240 
Plains All American Pipeline Finance:         
Sr. Notes, 5.625%, 2013    4,436,000c    4,460,854 
Sr. Notes, 5.875%, 2016    4,672,000    4,730,428 
Sempra Energy,         
Sr. Notes, 4.621%, 2007    1,365,000    1,356,324 
        21,297,756 
Packaging & Containers - .5%         
Crown Americas Capital:         
Sr. Notes, 7.625%, 2013    1,200,000b    1,248,000 
Sr. Notes, 7.75%, 2015    650,000b    677,625 
Sealed Air,         
Bonds, 6.875%, 2033    1,770,000b    1,805,204 
        3,730,829 
Paper & Forest Products - 1.1%         
Celulosa Arauco y Constitucion SA CELARA,     
Notes, 5.625%, 2015    1,900,000    1,871,152 
Georgia-Pacific,         
Sr. Notes, 8%, 2014    1,745,000    1,710,100 
Sappi Papier,         
Notes, 6.75%, 2012    3,300,000b    3,096,252 
Temple-Inland,         
Bonds, 6.625%, 2018    1,525,000c    1,568,821 
        8,246,325 
Pharmaceutical - .2%         
Teva Pharmaceutical Finance,         
Bonds, 6.15%, 2036    1,290,000    1,300,423 
 
Property-Casualty Insurance - 1.2%         
ACE Capital Trust II,         
Capital Securities, 9.7%, 2030    2,220,000    3,058,498 
AON Capital Trust,         
Capital Securities, 8.205%, 2027    1,590,000    1,870,794 
Assurant,         
Sr. Notes, 6.75%, 2034    885,000    956,134 
Nippon Life Insurance,         
Notes, 4.875%, 2010    1,900,000b,c    1,868,741 
Phoenix Cos.,         
Bonds, 6.675%, 2/16/2008    1,025,000    1,032,584 
        8,786,751 
Real Estate Investment Trust - 3.5%         
Archstone-Smith Operating Trust:         
Notes, 3%, 2008    1,435,000    1,369,900 
Sr. Notes, 5.25%, 2015    600,000    590,501 
Arden Realty,         
Notes, 5.25%, 2015    2,275,000    2,274,559 
Boston Properties,         
Sr. Notes, 5.625%, 2015    1,120,000    1,124,831 
Commercial Net Lease Realty,         
Notes, 6.15%, 2015    1,505,000    1,516,226 
Duke Realty:         
Notes, 3.5%, 2007    1,055,000    1,026,940 
Sr. Notes, 5.25%, 2010    1,510,000    1,507,626 
EOP Operating:         
Bonds, 7.875%, 2031    1,410,000    1,642,764 
Sr. Notes, 7%, 2011    825,000    882,120 
ERP Operating:         
Notes, 5.125%, 2016    1,125,000    1,095,583 
Notes, 4.75%, 2009    1,000,000    987,480 
Healthcare Realty Trust,         
Sr. Notes, 5.125%, 2014    3,800,000    3,598,562 
Mack-Cali Realty:         
Notes, 5.05%, 2010    2,300,000    2,266,958 
Notes, 5.25%, 2012    800,000    791,834 
Regency Centers,         
Sr. Notes, 5.25%, 2015    2,000,000    1,948,992 
Simon Property:         
Notes, 4.6%, 2010    1,512,000    1,475,175 
Notes, 4.875%, 2010    1,180,000    1,163,666 
        25,263,717 
Residential Mortgage Pass- Through Ctfs. - 3.9%     
Citigroup Mortgage Loan Trust:         
Ser. 2005-WF1, Cl. A5, 5.01%, 2035    2,350,000    2,297,736 
Ser. 2005-WF2, Cl. AF2, 4.922%, 2035    1,426,237    1,417,913 
Country Wide Home Loans:         
Ser. 2002-J4, Cl. B3, 5.833799%, 2032    347,513    334,687 
Ser. 2003-18, Cl. B4, 5.5%, 2033    720,171    492,561 
Countrywide Alternative Loan Trust,         
Ser. 2005-J4, Cl. 2A1B, 4.65%, 2035    449,089f    449,173 
First Horizon Alternative Mortgage Securities I,     
Ser. 2004-FA1, Cl. A1, 6.25%, 2034    5,000,559    5,044,690 
Impac CMB Trust:         
Ser. 2005-8, Cl. 2M2, 5.28%, 2036    1,971,205f    1,969,037 
Ser. 2005-8, Cl. 2M3, 6.03%, 2036    1,609,818f    1,545,747 
J.P. Morgan Mortgage Trust,         
Ser. 2005-A1, Cl. 5A1, 4.48%, 2035    1,196,762f    1,161,063 
Nomura Asset Acceptance:         
Ser. 2005-AP2, Cl. A5, 4.976%, 2035    2,355,000    2,292,837 
Ser. 2005-WF1, Cl. 2A5, 5.159%, 2035    1,630,000    1,600,301 
Ocwen Residential MBS,         
Ser. 1998-R1, Cl. B1, 7%, 2040    2,503,436b    2,532,834 
Prudential Home Mortgage Securities, REMIC,     
Ser. 1994-A, Cl. 5B, 6.79%, 2024    5,008b    4,964 
Washington Mutual,         
Ser. 2005-AR4, Cl. A4B, 4.68%, 2035    4,525,000f    4,414,703 
Wells Fargo Mortgage Backed Securities Trust,     
Ser. 2003-1, Cl. 2A9, 5.75%, 2033    2,500,000    2,472,124 
        28,030,370 
Retail - .2%         
May Department Stores:         
Notes, 3.95%, 2007    750,000    736,639 
Notes, 5.95%, 2008    1,035,000    1,054,392 
        1,791,031 
State Government - 2.7%         
New York Counties Tobacco Trust,         
Pass-Through Ctfs., Ser. B, 6%, 2027    2,685,000    2,629,125 
Tobacco Settlement Authority of Iowa,         
Asset Backed, Ser. A, 6.5%, 2023    2,600,000    2,593,266 
Tobacco Settlement Financing Corp. of New Jersey:     
Asset Backed, 5.75%, 2032    1,685,000    1,744,902 
Asset Backed, 6.125%, 2042    11,630,000    12,373,971 
        19,341,264 
Structured Index - 2.4%         
AB Svensk Exportkredit,         
GSNE-ER Indexed Notes, 0%, 2007    17,275,000b,g    17,594,587 


Technology - .2%         
Freescale Semiconductor,         
Sr. Notes, 6.875%, 2011    1,150,000    1,207,500 


Telecommunications - 2.0%         
Deutsche Telekom International Finance,         
Notes, 8.25%, 2030    1,275,000f    1,595,341 
France Telecom,         
Notes, 7.75%, 2011    1,770,000f    1,965,808 
Nextel Communications,         
Sr. Notes, 5.95%, 2014    1,405,000    1,416,765 
Qwest:         
Sr. Notes, 7.74%, 2013    1,600,000b,f    1,734,000 
Sr. Notes, 7.875%, 2011    1,965,000    2,087,813 
Sprint Capital,         
Notes, 8.75%, 2032    2,890,000    3,790,660 
Telecom Italia Capital,         
Notes, 5.16%, 2011    1,895,000f    1,909,150 
        14,499,537 
Textiles & Apparel - .2%         
Mohawk Industries,         
Sr. Notes, 5.75%, 2011    1,370,000    1,376,686 
 
Transportation - .3%         
Ryder System,         
Notes, 3.5%, 2009    1,980,000    1,882,459 
 
U.S. Government - 14.2%         
U.S. Treasury Bonds,         
5.25, 11/15/2028    14,735,000    15,799,162 
U.S. Treasury Notes:         
3.5%, 2/15/2010    18,125,000    17,458,779 
3.625%, 4/30/2007    7,710,000    7,623,802 
4.25%, 1/15/2011    31,500,000    31,212,091 
4.5%, 11/15/2015    12,800,000    12,774,400 
4.75%, 5/15/2014    17,360,000    17,605,470 
        102,473,704 
U.S. Government Agency - 4.1%         
Federal National Mortgage Association,         
Notes, 2.375%, 2/15/2007    30,350,000    29,596,986 
 
U.S. Government Agencies/Mortgage-Backed - 29.1%     
Federal Home Loan Mortgage Corp.:         
6.5%, 3/31/2032    3,033,429    3,113,882 
REMIC, Multiclass Mortgage Participation Ctfs.,     
(Interest Only Obligations):         
Ser. 2731, Cl. PY, 5%, 5/15/2026    4,367,209h    742,465 
Ser. 2752, Cl. GM, 5%, 3/15/2026    4,000,000h    696,064 
Federal National Mortgage Association:         
4.5%    31,825,000i    30,889,982 
5%    74,705,000i    72,550,226 
5%, 12/1/2017    1,139,246    1,128,560 
5.5%    17,050,000i    17,117,739 
5.5%. 2/1/2033- 9/1/2034    21,743,250    21,539,702 
6%    25,350,000i    25,867,904 
6%, 6/1/2022-9/1/2034    4,237,328    4,288,712 
6.5%, 11/1/2008-10/1/2032    275,850    283,270 
7%, 9/1/2014    114,827    118,636 
REMIC, Multiclass Mortgage Participation Ctfs.,     
Ser. 2004-58, Ser. L, 5%, 7/25/2034    5,412,422    5,399,054 
Government National Mortgage Association I:     
Ser. 2004-43, Cl. A, 2.822%, 12/16/2019    596,597    569,929 
Ser. 2005-29, Cl. A, 4.016%, 7/16/2027    2,607,745    2,534,623 
Ser. 2005-32, Cl. B, 4.385%, 8/16/2030    4,725,000    4,628,043 
Ser. 2005-34, Cl. A, 3.956%, 9/16/2021    2,225,614    2,175,295 
Ser. 2005-42, Cl. A, 4.045%, 7/16/2020    2,410,851    2,357,494 
Ser. 2005-50, Cl. A, 4.015%, 11/16/2026    2,022,971    1,971,366 
Ser. 2005-59, Cl. A, 4.388%, 5/16/2023    2,022,222    1,987,582 
Ser. 2005-67, Cl. A, 4.217%, 6/16/2021    1,898,537    1,861,300 
Ser. 2005-79, Cl. A, 3.998%, 10/16/2033    2,066,777    2,007,154 
Government National Mortgage Association II,     
4.375%, 4/20/2030    543,880f    544,152 
4.5%, 7/20/2030    610,285f    608,424 
Ser. 2004-39, Cl. LC, 5.5%, 12/20/2029    5,535,000    5,569,659 
        210,551,217 
Total Bonds and Notes         
(cost $847,097,771)        840,636,080 

    Face Amount     
    Covered by     
Options - .1 %    Contracts ($)    Value($) 
Call Options- 0%         
Dow Jones CDX.NA.IG.4         
February 2006 @ 100.900    14,693,000    124,891 
U.S. Treasury Notes, 4.50%, 11/15/2015         
February 2006 @ 100.26525    22,007,000    59,199 
        184,090 
Put Options- .1%         
6-Month Euribor Interest Swap         
November 2006 @ 3.405    12,414,000    200,039 
U.S. Treasury Notes, 4.25%, 8/15/2015         
February 2006 @ 97.171875    7,565,000    7,414 
U.S. Treasury Notes, 4.25%, 8/15/2015         
February 2006 @ 96.859375    7,570,000    4,315 
        211,768 
Total Options         
(cost $577,866)        395,858 
 
Preferred Stock - .6 %    Shares    Value($) 
Banking - .2%         
Sovereign Capital Trust IV,         
Conv., $2.1875    22,050    1,000,519 
 
Diversified Financial Services - .1%         
AES Trust VII,         
Conv., $2.1875    11,850    576,206 
 
U.S. Government Agency - .3%         
Federal National Mortgage Association         
Conv., $5375    25    2,412,456 
 
Total Preferred Stock         
(cost $4,016,781)        3,989,181 
 
Other Investments - .1%         
Registered Investment Company - .0%         
Dreyfus Institutional Preferred Plus Money Market Fund     
(cost $1,020,000)    1,020,000j    1,020,000 
 
    Prinicipal     
Short Term - 8.7 %    Amount a    Value($) 
U.S. Government Agency - .6%         
Federal National Mortgage Association:         
4.175%, 2/13/2006    4,400,000    4,393,869 
 
U.S. Treasury Bills - 8.1%         
3.86%, 3/9/2006    625,000k    622,400 
4.23%, 4/13/2006    348,000    345,098 
4.29%, 4/27/2006    58,315,000    57,726,019 
        58,693,516 
Total Short Term Investments         
(cost $63,086,380)        63,087,386 
 
Investment of Cash Collateral for Securities    Shares    Value($) 
Registered Investment Company;         
Dreyfus Institutional Cash Advantage Fund         
(cost $8,203,950)    8,203,950j    8,203,950 
 
Total Investment(cost $924,002,748)    126.9 %    917,332,455 
Liabilities, Less Cash and Receivables    (26.9) %    (194,181,952) 
Net Assets    100.0 %    723,150,503 

a    U.S. Dollars unless otherwise noted. 
    BRL-Brazilian Real 
    EUR-Eur 
    MXN-Mexican Pesos 
b    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 January 31, 2006, these securities amounted to $85,065,802 or 11.8% of net assets. 
c    All or a portion of these securities are on loan. At January 31, 2006, the total market value of the fund's securities 
    on loan is $8,004,675 and the total market value of the collateral held by the fund is $8,203,950. 
d    Non-income producing-security in default. 
e    The value of this security has been determined in good faith under the direction of the Board of Trustees. 
f    Variable rate security--interest rate subject to periodic change. 
g    Security linked to Goldman Sachs Non-Energy- Excess Return Index. 
h    Notional face amount shown. 
i    Purchased on a forward commitment basis. 
j    Investments in affiliated money market mutual funds. 
k    Held by a broker as collateral for open financial futures position. 

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.


  DREYFUS PREMIER FIXED INCOME FUNDS: DREYFUS PREMIER CORE BOND FUND
Statement of Financial Futures
January 31, 2006 (Unaudited)
        Market Value        Appreciation/ 
        Covered by        (Depreciation) 
    Contracts    Contracts ($)    Expiration    at 1/31/2006 ($) 





Financial Futures Long                 
U.S. Treasury 2 Year Notes    80    16,387,500    March 2006    (50,000) 
U.S. Treasury 5 Year Notes    1278    135,128,532    March 2006    (490,055) 
 
Financial Futures Short                 
U.S. Treasury 10 Year Notes    690    74,821,876    March 2006    114,062 
U.S. Treasury 30 Year Bonds    10    1,128,438    March 2006    9,725 
                (416,268) 


  DREYFUS PREMIER FIXED INCOME FUNDS: DREYFUS PREMIER CORE BOND FUND
Statement of Options Written
January 31, 2006 (Unaudited)
    Face Amount     
    Covered by     
Issuer    Contracts ($)    Value($) 



Call Options:         
Dow Jones CDX.EM4         
February 2006 @ 101.700    29,386,000    132,237 
U.S. Treasury Notes, 4.50%, 11/15/2015     
February 2006 @ 101.679888    44,014,000    14,084 
        146,321 
Put Options;         
Dow Jones CDX.NA.IG.4         
February 2006 @ .575    36,912,000    119,779 
Dow Jones CDX.NA.IG.4         
February 2006 @ .600    36,912,000    775 
U.S. Treasury Notes, 4.25%, 8/15/2015     
February 2006 @ 95.316406    15,140,000    38 
U.S. Treasury Notes, 4.25%, 8/15/2015     
February 2006 @ 95.609375    15,130,000    61 
        120,653 
 
(Premiums received $515,164)        266,974 

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 FIXED INCOME FUNDS

By:    /s/ Stephen E. Canter 

    Stephen E. Canter 
    President 
Date:    March 16, 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:    March 16, 2006 
 
By:    /s/ James Windels 

James Windels
    Chief Financial Officer 
Date:    March 16, 2006 

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)