Sub-Item 77O 

Rule 10f-3 Transactions 

DREYFUS PREMIER FIXED INCOME FUNDS – 

DREYFUS PREMIER CORE BOND FUND 

On September 14, 2006, Dreyfus Premier Core Bond Fund, a series of Dreyfus Premier Fixed Income Funds (the “Fund”) purchased $3,175,000 of a re-marketed corporate bond issued by Anadarko Petroleum Corporation at a purchase price of $100.00 per unit (the “Bonds”). The Bonds were purchased from Credit Suisse First Boston (“Credit Suisse”), lead underwriter of an underwriting syndicate of which Mellon Financial Markets, LLC (“MFM”), an affiliate of the Fund, was a member. MFM received no benefit in connection with the transaction. Credit Suisse received an underwriting spread of 3.50% per bond. No other member received any economic benefit. The following is a list of the syndicate’s primary members:

Bank of America Securities 

BMO Capital Markets 

BNP Paribas

Deutsche Bank

LaSalle Capital Markets 

Mitsubishi UFJ Securities 

Morgan Stanley

RBS Greenwich Capital 

Wachovia Securities

Calyon Securities

DnB Nor Markets

Scotia Bank

Societe Generale

BBVA Securities

BNY Capital Markets

HVB Capital Markets

RBC Capital Markets

Wells Fargo Securities 

Accompanying this statement are materials presented to the Board of Trustees of Dreyfus Premier Core Bond Fund, which ratified the purchase as in compliance with the Fund’s Rule 10f-3 Procedures, at the Fund’s Board meeting held on November 8, 2006.

TO:	The Board of Trustees of Dreyfus Premier Fixed Income Funds
- Dreyfus Premier Core Bond Fund
	(the “Fund”)
FROM:	John B. Hammalian
	Associate General Counsel
DATE:	October 30, 2006
SUBJECT:	Review of Affiliated Transactions for Compliance with Rule 10f-3
	Procedures

************************************************************************ At the next Joint Board meeting scheduled to be held on November 8, 2006, you will be asked to review a transaction engaged in by the Fund to determine whether such transaction was effected consistent with the Fund’s Rule 10f-3 procedures. A copy of the procedures will be available at the meeting.

     The attached “Rule 10f-3 Transactions” review form, completed by the Fund’s portfolio manager, describes the transaction and attests to its compliance with various provisions of Rule 10f-3 and the procedures, including, among other things, that:

1.	the security was either registered under the Securities Act of 1933, a government security, an eligible municipal security, security sold in eligible Rule 144A offering, or a security sold in an eligible foreign offering;
2.	the security was purchased prior to the end of the first day on which any sale is made, at a price that is not more than the price paid by each other purchaser of the security in that offering;
3.	the security was offered pursuant to a firm commitment underwriting;
4.	the commission, spread or profit received or to be received by the principal underwriter is reasonable and fair compared to the commission, spread or profit received by others in connection with the underwriting of a similar security being sold during a comparable period of time; and
5.	the affiliated underwriter did not benefit directly or indirectly from the purchase.

The portfolio manager will be available at the meeting to discuss any questions you may have regarding the transaction.

Board Group VIII
7/1/06-9/30/06

Rule 10f-3 –Summary
(Affiliated Underwriter)

Fund	Manager Firm	Are there	IF YES,	Total Value of	Primary
		applicable	Certification	Securities	Portfolio Manager
		transactions to	attached from	Purchased by fund
		report?	Manager that all	from Affiliated
			transactions are in	Underwriter
		If yes, detail	compliance with	(% of total net
		attached from	board-approved	assets)
		Manager	procedure
Money Market Funds
Dreyfus BASIC Money Market Fund, Inc.	Dreyfus	No			Bernard W. Kiernan
Dreyfus BASIC U.S. Government MM Fund	Dreyfus	No			Bernard W. Kiernan
Municipal Bond Fund
Dreyfus CA Intermediate Municipal Bond Fund	Dreyfus	No			Monica S. Wieboldt
Dreyfus CT Intermediate Municipal Bond Fund	Dreyfus	No			James Welch
Dreyfus MA Intermediate Municipal Bond Fund	Dreyfus	No			Scott Sprauer
Dreyfus NJ Intermediate Municipal Bond Fund	Dreyfus	No			Scott Sprauer
Dreyfus PA Intermediate Municipal Bond Fund	Dreyfus				Douglas J. Gaylor
Fixed Income Funds
Dreyfus Premier Core Bond	Dreyfus/Standish	Yes	X	0.49%	Kent Wosepka
Equity Funds
Dreyfus Premier Value Fund	Dreyfus/TBCAM	No			Brain C. Ferguson

DPCB

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.