N-Q 1 form.htm QUARTERLY SCHEDULE 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) 
 
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:    10/31 
Date of reporting period:    1/31/08 

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS             
Dreyfus Premier Core Bond Fund             
January 31, 2008 (Unaudited)             
 
    Coupon    Maturity    Principal     
Bonds and Notes--119.0%    Rate (%)    Date    Amount ($)    Value ($) 
Agricultural--.4%                 
Altria Group,                 
Sr. Unscd. Debs.    7.75    1/15/27    2,000,000 a    2,574,398 
Asset-Backed Ctfs./Auto Receivables--2.2%             
Americredit Prime Automobile                 
Receivables Trust,                 
Ser. 2007-1, Cl. E    6.96    3/8/16    2,980,000 b    2,766,453 
Capital Auto Receivables Asset                 
Trust, Ser. 2005-1, Cl. D    6.50    5/15/12    1,100,000 b    1,102,062 
Capital Auto Receivables Asset                 
Trust, Ser. 2007-1, Cl. D    6.57    9/16/13    708,000 b    645,994 
Ford Credit Auto Owner Trust,                 
Ser. 2005-B, Cl. B    4.64    4/15/10    1,985,000    1,999,422 
Ford Credit Auto Owner Trust,                 
Ser 2005-C, Cl. C    4.72    2/15/11    770,000    782,082 
Ford Credit Auto Owner Trust,                 
Ser. 2007-A, Cl. D    7.05    12/15/13    1,700,000 b    1,556,944 
Ford Credit Auto Owner Trust,                 
Ser. 2006-B, Cl. D    7.12    2/15/13    900,000 b    838,146 
GS Auto Loan Trust,                 
Ser. 2004-1, Cl. A4    2.65    5/16/11    125,974    125,946 
WFS Financial Owner Trust,                 
Ser. 2004-1, Cl. A4    2.81    8/22/11    171,475    171,424 
WFS Financial Owner Trust,                 
Ser. 2005-2, Cl. B    4.57    11/19/12    2,560,000    2,590,118 

                12,578,591 
Asset-Backed Ctfs./Credit Cards--5.2%             
American Express Credit Account                 
Master Trust, Ser. 2007-6,                 
Cl. C    4.63    1/15/13    2,350,000 b,c    2,205,701 
Bank One Issuance Trust,                 
Ser. 2003-C4, Cl. C4    4.74    2/15/11    3,500,000 c    3,499,733 
Bank One Issuance Trust,                 
Ser. 2004-C1, Cl. C1    5.27    11/15/11    6,495,000 c    6,331,697 
Citibank Credit Card Issuance                 
Trust, Ser. 2003-C1, Cl. C1    5.75    4/7/10    6,845,000 c    6,863,974 
MBNA Credit Card Master Note                 
Trust, Ser. 2002-C1, Cl. C1    6.80    7/15/14    11,322,000    11,020,896 
                29,922,001 
Asset-Backed Ctfs./Home Equity Loans--2.3%             
Bayview Financial Acquisition                 
Trust, Ser. 2005-B, Cl. 1A6    5.21    4/28/39    2,550,000 c    2,327,130 
Centex Home Equity,                 
Ser. 2006-A, Cl. AV1    3.43    6/25/36    130,707 c    130,323 
Citigroup Mortgage Loan Trust,                 
Ser. 2005-WF2, Cl. AF2    4.92    8/25/35    4,126 c    4,118 
Citigroup Mortgage Loan Trust,                 
Ser. 2005-WF1, Cl. A5    5.01    2/25/35    2,350,000 c    2,330,575 
Credit Suisse Mortgage Capital                 
Certificates, Ser. 2007-1,                 
Cl. 1A6A    5.86    2/25/37    1,715,000 c    1,636,528 
Morgan Stanley Mortgage Loan                 
Trust, Ser. 2006-15XS, Cl. A6B    5.83    11/25/36    955,000 c    912,730 

Popular ABS Mortgage Pass-Through                 
Trust, Ser. 2005-6, Cl. M1    5.91    1/25/36    2,100,000 c    1,924,219 
Residential Asset Mortgage                 
Products, Ser. 2005-RS2, Cl. M2    3.86    2/25/35    2,105,000 c    1,915,519 
Residential Asset Mortgage                 
Products, Ser. 2005-RS2, Cl. M3    3.93    2/25/35    600,000 c    506,828 
Residential Asset Securities,                 
Ser. 2005-AHL2, Cl. M3    3.85    10/25/35    555,000 c    402,408 
Residential Asset Securities,                 
Ser. 2003-KS7, Cl. MI3    5.75    9/25/33    933,845 c    656,167 
Residential Funding Mortgage                 
Securities II, Ser. 2006-HSA2,                 
Cl. AI1    3.49    3/25/36    229,919 c    219,766 
Soundview Home Equity Loan Trust,                 
Ser. 2005-B, Cl. M2    5.73    5/25/35    1,400,000 c    700,000 
                13,666,311 
Asset-Backed Ctfs./Manufactured Housing--.7%             
Green Tree Financial,                 
Ser. 1994-7, Cl. M1    9.25    3/15/20    1,640,280    1,715,277 
Origen Manufactured Housing,                 
Ser. 2005-B, Cl. A2    5.25    12/15/18    1,500,000    1,531,283 
Origen Manufactured Housing,                 
Ser. 2005-B, Cl. M2    6.48    1/15/37    1,000,000    987,226 
                4,233,786 
Automobile Manufacturers--.6%                 
Daimler Finance North America,                 
Gtd. Notes, Ser. E    5.44    10/31/08    3,745,000 c    3,739,042 
Automotive, Trucks & Parts--.4%                 
ERAC USA Finance,                 
Notes    3.50    4/30/09    965,000 b,c    961,096 
ERAC USA Finance,                 
Notes    7.95    12/15/09    1,095,000 b    1,165,523 
Goodyear Tire & Rubber,                 
Gtd. Notes    8.66    12/1/09    380,000 c    380,950 
                2,507,569 
Banks--7.6%                 
BAC Capital Trust XIV,                 
Bank Gtd. Notes    5.63    12/31/49    3,205,000 c    2,602,428 
Capital One Financial,                 
Sr. Unsub. Notes    5.43    9/10/09    2,500,000 c    2,332,525 
Chevy Chase Bank,                 
Sub. Notes    6.88    12/1/13    1,710,000    1,615,950 
Colonial Bank,                 
Sub. Notes    6.38    12/1/15    1,530,000    1,499,333 
Colonial Bank,                 
Sub. Notes    8.00    3/15/09    540,000    557,798 
ICICI Bank,                 
Bonds    4.92    1/12/10    850,000 b,c    839,422 
Industrial Bank of Korea,                 
Sub. Notes    4.00    5/19/14    3,305,000 b,c    3,317,840 
Islandsbanki,                 
Notes    4.42    10/15/08    1,245,000 b,c    1,246,087 
J.P. Morgan & Co.,                 
Sub. Notes    6.25    1/15/09    1,155,000 a    1,181,192 
Landsbanki Islands,                 
Sr. Notes    5.73    8/25/09    3,225,000 b,c    3,223,252 
Marshall & Ilsley Bank,                 
Sub. Notes, Ser. BN    5.40    12/4/12    2,650,000 c    2,562,622 
Marshall & Ilsley,                 

Sr. Unscd. Notes    5.63    8/17/09    2,945,000    3,009,531 
Northern Rock,                 
Sub. Notes    5.60    4/29/49    350,000 b,c    210,245 
Northern Rock,                 
Sub. Notes    6.59    6/29/49    1,175,000 a,b,c    706,050 
Royal Bank of Scotland Group,                 
Jr. Sub. Bonds    6.99    10/29/49    1,850,000 b,c    1,853,694 
Sovereign Bancorp,                 
Sr. Unscd. Notes    5.11    3/23/10    1,850,000 c    1,770,539 
Sovereign Bancorp,                 
Sr. Notes    5.40    3/1/09    2,965,000 c    2,883,012 
SunTrust Preferred Capital I,                 
Bank Gtd. Notes    5.85    12/31/49    3,125,000 c    2,661,688 
USB Capital IX,                 
Gtd. Notes    6.19    4/15/49    6,410,000 c    5,099,411 
Wells Fargo Bank,                 
Sub. Notes    7.55    6/21/10    1,870,000    2,028,999 
Western Financial Bank,                 
Sub. Debs.    9.63    5/15/12    2,390,000    2,583,305 
                43,784,923 
Building & Construction--.9%                 
American Standard,                 
Gtd. Notes    7.38    2/1/08    2,115,000    2,115,000 
D.R. Horton,                 
Gtd. Notes    5.88    7/1/13    1,870,000    1,711,050 
Masco,                 
Sr. Unscd. Notes    5.43    3/12/10    1,620,000 c    1,552,733 
                5,378,783 
Chemicals--.2%                 
RPM International,                 
Sr. Unscd. Notes    4.45    10/15/09    1,415,000    1,423,745 
Commercial & Professional Services--.7%             
Donnelley (R.R.) and Sons,                 
Sr. Unscd. Notes    6.13    1/15/17    2,735,000    2,718,177 
ERAC USA Finance,                 
Gtd. Notes    6.38    10/15/17    1,440,000 b    1,419,427 
                4,137,604 
Commercial Mortgage Pass-Through Ctfs.--5.9%             
Bayview Commercial Asset Trust,                 
Ser. 2006-SP2, Cl. A    3.66    1/25/37    2,180,471 b,c    2,105,669 
Bayview Commercial Asset Trust,                 
Ser. 2005-3A, Cl. A2    3.78    11/25/35    1,983,151 b,c    1,811,489 
Bayview Commercial Asset Trust,                 
Ser. 2003-2, Cl. A    3.96    12/25/33    621,798 b,c    610,764 
Bayview Commercial Asset Trust,                 
Ser. 2006-1A, Cl. M6    4.02    4/25/36    402,401 b,c    340,955 
Bayview Commercial Asset Trust,                 
Ser. 2005-4A, Cl. M5    4.03    1/25/36    854,627 b,c    698,521 
Bayview Commercial Asset Trust,                 
Ser. 2004-1, Cl. M2    4.58    4/25/34    249,702 b,c    252,250 
Bayview Commercial Asset Trust,                 
Ser. 2006-2A, Cl. B3    6.08    7/25/36    322,288 b,c    219,156 
Bayview Commercial Asset Trust,                 
Ser. 2006-1A, Cl. B3    6.33    4/25/36    494,108 b,c    342,971 
Bayview Commercial Asset Trust,                 
Ser. 2005-3A, Cl. B3    6.38    11/25/35    488,117 b,c    341,682 
Bear Stearns Commercial Mortgage             
Securities, Ser. 2004-PWR5,                 
Cl. A2    4.25    7/11/42    1,550,000    1,540,152 

Bear Stearns Commercial Mortgage                     
Securities, Ser. 2005-T18                     
Cl. A2        4.56    2/13/42    1,900,000 c    1,888,783 
Capco America Securitization,                     
Ser. 1998-D7, Cl. A1B        6.26    10/15/30    708,180    712,465 
Credit Suisse/Morgan Stanley                     
Commercial Mortgage                     
Certificates, Ser. 2006-HC1A,                     
Cl. A1        4.43    5/15/23    3,119,322 b,c    3,023,697 
Crown Castle Towers,                     
Ser. 2005-1A, Cl. D        5.61    6/15/35    1,815,000 b    1,812,768 
Crown Castle Towers,                     
Ser. 2006-1A, Cl. D        5.77    11/15/36    960,000 b    947,146 
Global Signal Trust,                     
Ser. 2006-1, Cl. D        6.05    2/15/36    2,275,000 b    2,272,657 
Global Signal Trust,                     
Ser. 2006-1, Cl. E        6.50    2/15/36    550,000 b    533,401 
GMAC Commercial Mortgage                     
Securities, Ser. 2003-C3,                     
Cl. A2        4.22    4/10/40    1,475,000    1,467,325 
Goldman Sachs Mortgage Securities                     
Corporation II, Ser. 2007-EOP,                     
Cl. F        5.02    3/6/20    2,770,000 b,c    2,594,489 
Goldman Sachs Mortgage Securities                     
Corporation II, Ser. 2007-EOP,                     
Cl. G        5.06    3/6/20    1,545,000 b,c    1,485,156 
Goldman Sachs Mortgage Securities                     
Corporation II, Ser. 2007-EOP,                     
Cl. K        5.59    3/6/20    995,000 b,c    914,797 
Goldman Sachs Mortgage Securities                     
Corporation II, Ser. 2007-EOP,                     
Cl. L        5.84    3/6/20    3,335,000 b,c    3,134,900 
Nationslink Funding,                     
Ser. 1998-2, Cl. A2        6.48    8/20/30    872,993    873,828 
SBA CMBS Trust,                     
Ser. 2006-1A, Cl. D        5.85    11/15/36    890,000 b    849,594 
WAMU Commercial Mortgage                     
Securities Trust,                     
Ser. 2003-C1A, Cl. A        3.83    1/25/35    3,304,333 b    3,254,044 
                    34,028,659 
Diversified Financial Services--12.2%                 
Ameriprise Financial,                     
Jr. Sub. Notes        7.52    6/1/66    1,590,000 c    1,566,374 
Amvescap,                     
Gtd. Notes        5.63    4/17/12    3,165,000    3,203,581 
Block Financial,                     
Gtd. Notes        7.88    1/15/13    1,500,000    1,516,668 
Capmark Financial Group,                     
Gtd. Notes        5.88    5/10/12    4,095,000 b    2,998,482 
CIT Group,                     
Sr. Notes        5.02    8/15/08    2,820,000 c    2,730,623 
Citigroup Capital XXI,                     
Gtd. Bonds        8.30    12/21/77    3,095,000 c    3,346,215 
FCE Bank,                     
Notes    EUR    5.77    9/30/09    2,155,000 c,d    2,889,207 
Ford Motor Credit,                     
Sr. Notes        5.80    1/12/09    2,675,000    2,602,454 
Fuji JGB Investment,                     
Sub. Bonds        9.87    12/29/49    1,620,000 b,c    1,640,258 

Goldman Sachs Capital II,                 
Gtd. Bonds    5.79    12/29/49    1,825,000 c    1,413,395 
Goldman Sachs Group,                 
Sub. Notes    6.75    10/1/37    2,800,000    2,755,617 
HSBC Finance,                 
Sr. Notes    5.34    9/14/12    4,195,000 a,c    3,971,725 
Janus Capital Group,                 
Notes    6.25    6/15/12    2,125,000    2,230,423 
Jefferies Group,                 
Sr. Unscd. Notes    7.75    3/15/12    1,050,000    1,151,282 
Kaupthing Bank,                 
Sr. Notes    4.96    1/15/10    2,960,000 b,c    2,734,706 
Lehman Brothers Holdings,                 
Sub. Notes    6.88    7/17/37    3,085,000    3,010,895 
Leucadia National,                 
Sr. Unscd. Notes    7.00    8/15/13    1,520,000    1,478,200 
MBNA Capital A,                 
Gtd. Cap. Secs., Ser. A    8.28    12/1/26    1,300,000    1,353,118 
Merrill Lynch & Co.,                 
Notes, Ser. C    4.25    2/8/10    4,522,000    4,486,557 
Merrill Lynch & Co.,                 
Notes, Ser. C    5.10    2/5/10    887,000 c    859,240 
Merrill Lynch & Co.,                 
Sr. Unscd. Notes    6.05    8/15/12    1,840,000    1,916,608 
Merrill Lynch & Co.,                 
Sub. Notes    6.11    1/29/37    3,000,000    2,612,394 
Morgan Stanley,                 
Notes    3.88    1/15/09    5,160,000    5,161,806 
Morgan Stanley,                 
Sr. Unscd. Notes    5.75    8/31/12    505,000    522,952 
Morgan Stanley,                 
Sr. Unscd. Notes    6.60    4/1/12    710,000    756,196 
SB Treasury,                 
Jr. Sub. Bonds    9.40    12/29/49    3,330,000 b,c    3,395,604 
SLM,                 
Unscd. Notes, Ser. A    3.47    7/27/09    3,105,000 c    2,882,558 
SLM,                 
Unscd. Notes, Ser. A    4.50    7/26/10    1,350,000    1,243,713 
Tokai Preferred Capital,                 
Bonds    9.98    12/29/49    3,115,000 b,c    3,164,690 
Windsor Financing,                 
Scd. Notes    5.88    7/15/17    759,912 b    822,467 
                70,418,008 
Electric Utilities--3.5%                 
AES,                 
Sr. Unsub. Notes    8.88    2/15/11    950,000 a    990,375 
AES,                 
Sr. Notes    9.38    9/15/10    460,000 a    483,000 
Cinergy,                 
Debs.    6.53    12/16/08    1,405,000    1,434,296 
Dominion Resources,                 
Sr. Unscd. Notes, Ser. B    5.05    11/14/08    1,725,000 c    1,713,737 
Enel Finance International,                 
Gtd. Bonds    6.25    9/15/17    3,700,000 a,b    3,831,831 
FirstEnergy,                 
Unsub. Notes, Ser. B    6.45    11/15/11    3,530,000    3,730,984 
National Grid,                 
Sr. Unscd. Notes    6.30    8/1/16    1,345,000    1,402,288 
Niagara Mohawk Power,                 

Sr. Unscd. Notes, Ser. G        7.75    10/1/08    1,395,000    1,427,105 
NiSource Finance,                     
Gtd. Notes        5.59    11/23/09    2,030,000 c    1,981,286 
Nisource Finance,                     
Sr. Unscd. Notes        6.40    3/15/18    735,000    752,181 
Ohio Power,                     
Unscd. Notes        4.83    4/5/10    1,605,000 c    1,582,100 
Pepco Holdings,                     
Sr. Unscd. Notes        5.75    6/1/10    1,180,000 c    1,178,894 
                    20,508,077 
Environmental Control--.7%                     
Allied Waste North America,                     
Sr. Scd. Notes, Ser. B        5.75    2/15/11    155,000    150,350 
Oakmont Asset Trust,                     
Notes        4.51    12/22/08    1,630,000 b    1,644,523 
Waste Management,                     
Sr. Unsub. Notes        6.50    11/15/08    1,280,000    1,308,773 
Waste Management,                     
Sr. Unscd. Notes        7.00    7/15/28    1,150,000    1,213,804 
                    4,317,450 
Food & Beverages--.5%                     
H.J. Heinz,                     
Notes        6.43    12/1/20    2,250,000 b    2,312,903 
Kraft Foods,                     
Sr. Unscd. Notes        6.88    2/1/38    855,000    871,182 
                    3,184,085 
Foreign/Governmental--4.4%                 
Arab Republic of Egypt,                     
Unsub. Notes    EGP    8.75    7/18/12    10,360,000 b,d    1,929,393 
Banco Nacional de Desenvolvimento                 
Economico e Social, Unsub.                 
Notes        5.33    6/16/08    2,655,000 c    2,666,947 
Federal Republic of Brazil,                     
Unscd. Bonds    BRL    12.50    1/5/16    3,980,000 a,d    2,439,391 
Mexican Bonos,                     
Bonds, Ser. M    MXN    9.00    12/22/11    35,640,000 d    3,470,565 
Mexican Bonos,                     
Bonds, Ser. MI10    MXN    9.00    12/20/12    30,290,000 d    2,968,785 
Mexican Bonos,                     
Bonds, Ser. M 30    MXN    10.00    11/20/36    12,840,000 d    1,484,892 
Republic of Argentina,                     
Bonds        3.00    4/30/13    3,675,000 c    2,363,944 
Republic of Argentina,                     
Bonds        5.39    8/3/12    7,540,000 c    4,160,195 
Russian Federation,                     
Unsub. Bonds        8.25    3/31/10    4,205,741 b    4,410,771 
                    25,894,883 
Health Care--.7%                     
HCA,                     
Sr. Unscd. Notes        6.75    7/15/13    1,440,000    1,299,600 
HCA,                     
Sr. Unscd. Notes        7.88    2/1/11    1,470,000    1,451,625 
HCA,                     
Sr. Unscd. Notes        8.75    9/1/10    1,470,000    1,481,025 
                    4,232,250 
Lodging & Entertainment--.6%                 
MGM Mirage,                     
Gtd. Notes        8.50    9/15/10    2,055,000    2,147,475 
Mohegan Tribal Gaming Authority,                 

Sr. Unscd. Notes    6.13    2/15/13    1,355,000    1,277,087 
                3,424,562 
Machinery--.3%                 
Case New Holland,                 
Gtd. Notes    7.13    3/1/14    780,000    781,950 
Terex,                 
Gtd. Notes    7.38    1/15/14    815,000    808,887 
                1,590,837 
Manufacturing--.1%                 
Tyco International Group,                 
Gtd. Notes    6.88    1/15/29    650,000    618,879 
Media--2.3%                 
Clear Channel Communications,             
Sr. Unscd. Notes    4.50    1/15/10    2,300,000    2,132,675 
Comcast,                 
Gtd. Notes    4.68    7/14/09    5,235,000 c    5,129,661 
Comcast,                 
Gtd. Notes    6.30    11/15/17    1,550,000    1,599,929 
News America,                 
Gtd. Notes    6.15    3/1/37    2,975,000    2,875,632 
Pacific Life Global Funding,                 
Notes    3.75    1/15/09    1,613,000 b    1,614,308 
                13,352,205 
Oil & Gas--1.9%                 
Anadarko Petroleum,                 
Sr. Unscd. Notes    5.39    9/15/09    4,370,000 c    4,272,182 
BJ Services,                 
Sr. Unscd. Notes    5.29    6/1/08    6,750,000 c    6,761,360 
                11,033,542 
Property & Casualty Insurance--2.6%             
American International Group,             
Sr. Unscd. Notes    5.85    1/16/18    1,750,000    1,757,826 
Chubb,                 
Sr. Unscd. Notes    5.47    8/16/08    3,350,000    3,379,172 
Hanover Insurance,                 
Debs.    7.63    10/15/25    910,000    862,225 
Hartford Financial Services Group,             
Sr. Unscd. Notes    5.55    8/16/08    1,190,000    1,200,973 
HUB International Holdings,                 
Sr. Sub. Notes    10.25    6/15/15    1,410,000 b    1,078,650 
Leucadia National,                 
Sr. Unscd. Notes    7.13    3/15/17    3,900,000    3,695,250 
Nippon Life Insurance,                 
Notes    4.88    8/9/10    1,900,000 b    1,950,213 
Phoenix,                 
Sr. Unscd. Notes    6.68    2/16/08    1,025,000    1,025,788 
                14,950,097 
Real Estate Investment Trusts--3.9%             
Boston Properties,                 
Sr. Unscd. Notes    5.63    4/15/15    1,120,000    1,058,144 
Commercial Net Realty,                 
Sr. Unscd. Notes    6.15    12/15/15    1,505,000    1,454,835 
ERP Operating,                 
Notes    4.75    6/15/09    1,000,000    993,608 
ERP Operating,                 
Notes    5.13    3/15/16    1,125,000 a    1,024,548 
Federal Realty Investment Trust,             
Sr. Unscd. Notes    5.40    12/1/13    825,000    815,209 
Federal Realty Investment Trust,             

Notes    6.00    7/15/12    760,000    780,862 
Healthcare Realty Trust,                 
Sr. Unscd. Notes    5.13    4/1/14    3,800,000    3,442,374 
HRPT Properties Trust,                 
Sr. Unscd. Notes    5.59    3/16/11    1,788,000 c    1,730,419 
Istar Financial,                 
Sr. Unscd. Notes    5.50    3/9/10    3,435,000 c    3,059,737 
Liberty Property,                 
Sr. Unscd. Notes    6.63    10/1/17    2,385,000    2,394,807 
Mack-Cali Realty,                 
Sr. Unscd. Notes    5.05    4/15/10    2,300,000    2,361,875 
Mack-Cali Realty,                 
Notes    5.25    1/15/12    800,000    824,014 
Regency Centers,                 
Gtd. Notes    5.25    8/1/15    2,000,000    1,932,820 
Simon Property Group,                 
Notes    4.88    8/15/10    1,180,000    1,176,192 
                23,049,444 
Residential Mortgage Pass-Through Ctfs.--4.7%             
Countrywide Home Loan Mortgage                 
Pass Through Trust,                 
Ser. 2002-J4, Cl. B3    5.86    10/25/32    325,579 c    244,006 
First Horizon Alternative Mortgage                 
Securities, Ser. 2004-FA1,                 
Cl. 1A1    6.25    10/25/34    3,245,034    3,288,549 
Impac CMB Trust,                 
Ser. 2005-8, Cl. 2M2    4.13    2/25/36    1,715,760 c    1,212,984 
Impac CMB Trust,                 
Ser. 2005-8, Cl. 2M3    4.88    2/25/36    1,401,204 c    932,167 
Impac Secured Assets CMN Owner                 
Trust, Ser. 2006-1, Cl. 2A1    3.73    5/25/36    940,538 c    881,535 
IndyMac Index Mortgage Loan Trust,                 
Ser. 2006-AR9, Cl. B1    6.04    6/25/36    498,822 c    442,098 
IndyMac Index Mortgage Loan Trust,                 
Ser. 2006-AR25, Cl. 4A2    6.13    9/25/36    1,433,327 c    1,393,938 
J.P. Morgan Alternative Loan                 
Trust, Ser. 2006-S4, Cl. A6    5.71    12/25/36    1,000,000 c    951,462 
J.P. Morgan Mortgage Trust,                 
Ser. 2005-A1, Cl. 5A1    4.48    2/25/35    996,429 c    989,447 
New Century Alternative Mortgage                 
Loan Trust, Ser. 2006-ALT2,                 
Cl. AF6A    5.89    10/25/36    890,000 c    850,998 
Nomura Asset Acceptance,                 
Ser. 2005-AP2, Cl. A5    4.98    5/25/35    2,355,000 c    2,312,893 
Nomura Asset Acceptance,                 
Ser. 2005-WF1, Cl. 2A5    5.16    3/25/35    1,630,000 c    1,545,825 
Prudential Home Mortgage                 
Securities, Ser. 1994-A, Cl. 5B    6.73    4/28/24    3,237 b,c    3,223 
WaMu Pass-Through Certificates,                 
Ser. 2005-AR4, Cl. A4B    4.67    4/25/35    4,525,000 c    4,573,527 
Wells Fargo Mortgage Backed                 
Securities Trust,                 
Ser. 2005-AR1, Cl. 1A1    4.54    2/25/35    5,518,820 c    5,570,138 
Wells Fargo Mortgage Backed                 
Securities Trust, Ser. 2003-1,                 
Cl. 2A9    5.75    2/25/33    2,500,000    2,523,488 
                27,716,278 
Retail--.5%                 
CVS Caremark,                 

Sr. Unscd. Notes    5.44    6/1/10    1,155,000 c    1,129,064 
Home Depot,                 
Sr. Unscd. Notes    5.12    12/16/09    1,015,000 c    993,675 
May Department Stores,                 
Gtd. Notes    5.95    11/1/08    1,035,000    1,045,374 
                3,168,113 
Specialty Steel--.2%                 
Steel Dynamics,                 
Sr. Notes    7.38    11/1/12    1,180,000 b    1,182,950 
State/Territory Gen Oblg--2.3%                 
California                 
GO (Insured; AMBAC)    3.50    10/1/27    550,000    460,119 
Michigan Tobacco Settlement                 
Finance Authority, Tobacco                 
Settlement Asset-Backed Bonds    7.05    6/1/34    1,500,000 c    1,422,120 
Michigan Tobacco Settlement                 
Finance Authority, Tobacco                 
Settlement Asset-Backed Bonds    7.31    6/1/34    5,505,000    5,353,392 
New York Counties Tobacco Trust                 
IV, Tobacco Settlement                 
Pass-Through Bonds    6.00    6/1/27    2,420,000    2,299,024 
Tobacco Settlement Authority of                 
Iowa, Tobacco Settlement                 
Asset-Backed Bonds    6.50    6/1/23    3,965,000    3,885,185 
                13,419,840 
Telecommunications--4.6%                 
America Movil,                 
Gtd. Notes    4.96    6/27/08    565,000 c    562,175 
AT & T,                 
Sr. Unscd. Notes    3.16    5/15/08    3,700,000 c    3,698,927 
AT & T,                 
Sr. Unscd. Notes    4.98    2/5/10    2,930,000 c    2,906,033 
France Telecom,                 
Sr. Unsub. Notes    7.75    3/1/11    1,090,000    1,187,859 
Intelsat Bermuda,                 
Sr. Unscd. Notes    11.25    6/15/16    705,000    708,525 
Intelsat,                 
Sr. Unscd. Notes    5.25    11/1/08    1,985,000    1,980,037 
Intelsat,                 
Sr. Unscd. Notes    7.63    4/15/12    700,000 a    532,000 
Qwest,                 
Sr. Unscd. Notes    7.50    10/1/14    1,365,000    1,378,650 
Qwest,                 
Sr. Notes    7.88    9/1/11    1,965,000    2,036,231 
Qwest,                 
Sr. Notes    8.24    6/15/13    1,600,000 c    1,568,000 
Sprint Capital,                 
Gtd. Notes    6.88    11/15/28    1,340,000    1,127,086 
Telefonica Emisiones,                 
Gtd. Notes    5.98    6/20/11    3,205,000    3,333,678 
Time Warner Cable,                 
Gtd. Notes    5.85    5/1/17    1,510,000    1,514,006 
Time Warner,                 
Gtd. Notes    5.88    11/15/16    4,630,000    4,562,272 
                27,095,479 
Textiles & Apparel--.2%                 
Mohawk Industries,                 
Sr. Unscd. Notes    5.75    1/15/11    1,370,000    1,437,363 
Transportation--.3%                 

Ryder System,                 
Notes    3.50    3/15/09    1,980,000    1,985,093 
U.S. Government Agencies/Mortgage-Backed--40.7%             
Federal Home Loan Mortgage Corp.:             
5.00%, 12/1/20            895,453    907,582 
5.50%            7,305,000 e    7,475,068 
5.50%, 11/1/22 - 4/1/37            21,359,477    21,764,591 
6.00%, 7/1/37 - 11/1/37            10,799,164    11,075,460 
6.50%, 3/1/32            775,202    810,026 
Multiclass Mortgage                 
Participation Ctfs.                 
(Interest Only                 
Obligations), Ser. 2752,            4,000,000 f    386,230 
Cl. GM, 5.00%, 3/15/26                 
Multiclass Mortgage                 
Participation Ctfs.                 
(Interest Only                 
Obligations), Ser. 2731,            4,367,209 f    375,845 
Cl. PY, 5.00%, 5/15/26                 
Federal National Mortgage Association:             
5.00%            15,390,000 e    15,579,974 
6.00%            91,725,000 e    94,204,853 
6.50%            12,970,000 e    13,442,186 
5.00%, 12/1/17 - 3/1/21            1,420,675    1,442,586 
5.50%, 9/1/22 - 1/1/37            20,756,823    21,068,899 
6.00%, 6/1/22 - 11/1/37            7,805,520    8,018,743 
6.50%, 11/1/08 - 11/1/37            8,675,921    9,009,707 
7.00%, 9/1/14            61,024    63,823 
Pass-Through Ctfs.,                 
Ser. 2004-58, Cl. LJ,                 
5.00%, 7/25/34            4,257,792    4,383,974 
Government National Mortgage Association I             
Ser. 2004-43, Cl. A, 2.82%,                 
12/16/19            505,275    500,436 
Ser. 2007-46, Cl. A, 3.14%,                 
11/16/29            1,249,904    1,244,024 
Ser. 2005-34, Cl. A, 3.96%,                 
9/16/21            1,694,294    1,698,647 
Ser. 2005-79, Cl. A, 4.00%,                 
10/16/33            1,763,759    1,773,201 
Ser. 2005-50, Cl. A, 4.02%,                 
10/16/26            1,600,046    1,608,119 
Ser. 2005-29, Cl. A, 4.02%,                 
7/16/27            2,354,153    2,366,379 
Ser. 2005-42, Cl. A, 4.05%,                 
7/16/20            2,174,222    2,183,052 
Ser. 2007-52, Cl. A, 4.05%,                 
10/16/25            1,909,948    1,922,311 
Ser. 2005-67, Cl. A, 4.22%,                 
6/16/21            1,101,023    1,105,206 
Ser. 2005-59, Cl. A, 4.39%,                 
5/16/23            1,762,714    1,778,771 
Ser. 2005-32, Cl. B, 4.39%,                 
8/16/30            4,645,959    4,691,834 
Ser. 2004-39, Cl. LC,                 
5.50%, 12/20/29            5,535,000    5,631,606 
Government National Mortgage Association II:             
5.63%, 7/20/30            298,429 c    300,586 
6.38%, 4/20/30            222,175 c    227,045 

        237,040,764 
U.S. Government Securities--4.7%         
U.S. Treasury Notes:         
3.63%, 12/31/12    17,205,000 g    17,851,547 
4.50%, 4/30/12    3,440,000 a    3,690,745 
4.63%, 11/15/16    5,590,000 a    6,032,834 
        27,575,126 
Total Bonds and Notes         
(cost $706,661,009)        695,170,737 
 
Preferred Stocks--.6%    Shares    Value ($) 
Diversified Financial Services--.4%         
AES Trust VII,         
Conv., Cum. $3.00    50,950    2,547,500 
Manufacturing--.2%         
CIT Group         
Conv., Cum. $0.613542    56,300    1,180,048 
Total Preferred Stocks         
(cost $3,939,015)        3,727,548 
    Face Amount     
    Covered by     
Options--.4%    Contracts ($)    Value ($) 
Call Options--.4%         
3-Month Floor USD Libor-BBA         
Interest Rate, October 2009         
@ 2.50    47,500,000    174,714 
3-Month USD Libor-BBA,         
Swaption    5,770,000    241,763 
6-Month USD Libor-BBA,         
Swaption    23,220,000    1,872,763 
        2,289,240 
Put Options--.0%         
U.S. Treasury Bonds         
February 2008 @ 117    7,400,000    49,719 
Total Options         
(cost $2,238,818)        2,338,959 
    Principal     
Short-Term Investments--3.2%    Amount ($)    Value ($) 
U.S. Government Agencies--2.3%         
Federal National Mortgage         
Association, Discount Notes, 3.60%, 3/12/08    13,550,000    13,495,800 
U.S. Treasury Bills--.9%         
2.89%, 3/27/08    5,384,000 h    5,369,754 
Total Short-Term Investments         
(cost $18,856,012)        18,865,554 
 
Other Investment--1.6%    Shares    Value ($) 
Registered Investment Company;         
Dreyfus Institutional Preferred         
Plus Money Market Fund         
(cost $9,226,000)    9,226,000 i    9,226,000 
 
Investment of Cash Collateral for         
Securities Loaned--4.1%         
Registered Investment Company;         
Dreyfus Institutional Cash         
Advantage Fund         
(cost $23,798,242)    23,798,242 i    23,798,242 

Total Investments (cost $764,719,096)    128.9%    753,127,040 
Liabilities, Less Cash and Receivables    (28.9%)    (168,896,526) 
Net Assets    100.0%    584,230,514 
 
a    All or a portion of these securities are on loan. At January 31, 2008, the total market value of the fund's     
    securities on loan is $23,185,764 and the total market value of the collateral held by the fund is $23,798,242.     
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, 2008, these     
    securities amounted to $86,319,014 or 14.8% of net assets.         
c    Variable rate security--interest rate subject to periodic change.         
d    Principal amount stated in U.S. Dollars unless otherwise noted.         
    BRL--Brazilian Real         
    EGP--Egyptian Real         
    EUR--Euro         
    MXN--Mexican Peso         
e    Purchased on a forward commitment basis.         
f    Notional face amount shown.         
g    Purchased on a delayed delivery basis.         
h    All or partially held by a broker as collateral for open financial futures positions.     
i    Investment in affiliated money market mutual fund.         

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. 

STATEMENT OF FINANCIAL FUTURES             
January 31, 2008 (Unaudited)                 
 
                Unrealized 
        Market Value        Appreciation/ 
        Covered by        (Depreciation) 
    Contracts    Contracts ($)    Expiration    at 1/31/2008 ($) 
Financial Futures Long                 
Euro-Bobl    208    34,217,299    March 2008    166,395 
U.S. Treasury 5 Year Notes    621    70,173,000    March 2008    460,156 
U.S. Treasury 10 Year Notes    491    57,308,906    March 2008    1,861,899 
Financial Futures Short                 
U.S. Treasury 2 Year Notes    240    (51,172,500)    March 2008    (486,656) 
U.S. Treasury 30 year Bonds    13    (1,551,063)    March 2008    (57,688) 
                1,944,106 

STATEMENT OF OPTIONS WRITTEN     
January 31, 2008 (Unaudited)         
 
    Face Amount     
    Covered by     
    Contracts ($)    Value ($) 
Call Options         
U.S. Treasury 10 Year Notes         
February 2008 @ 116.50    20,000,000    (231,250) 
Put Options         
U.S. Treasury 10 Year Notes    20,000,000    (187,500) 
February 2008 @ 116.50        (418,750) 
(Premiums received $411,232)         

At January 31, 2008, the fund held the following forward foreign currency exchange contracts:

Forward Currency    Foreign         
Exchange Contracts    Currency Amount    Cost ($)    Value ($) 
Purchases:             
Russian Ruble, expiring 3/19/2008    36,550,000    1,476,648    1,494,294 
Saudi Arabia Riyal, expiring 3/25/2008    6,150,000    1,648,352    1,642,804 
Saudi Arabia Riyal, expiring 3/25/2008    4,060,000    1,088,180    1,084,517 
Saudi Arabia Riyal, expiring 3/25/2008    660,000    177,419    176,301 
 
Sales:             
Euro, expiring 3/19/2008    1,230,000    1,816,464    1,827,411 
Euro, expiring 3/19/2008    460,000    663,136    683,422 
Mexican New Peso, expiring 3/19/2008    31,880,000    2,898,182    2,932,411 

  Total
Unrealized 
Appreciation/ 
(Depreciation)
at 1/31/2008 ($) 
 
17,646 
(5,548) 
(3,663) 
(1,118) 
7,317 
 
(10,947) 
(20,286) 
(34,229) 
(65,462) 
 
(58,145) 

At January 31, 2008, the fund held the following open swap agreements:

Credit Default Swaps    Reference     
Counterparty    Entity    Fixed Rate 
 
Citibank    Altria Group, 7%, 11/4/2013    (0.27) 
Leheman Brothers    Auto Receivables Asset Backed Securities, 2007-1, BBB Index    1.50 
Leheman Brothers    Auto Receivables Asset Backed Securities, 2007-1, BBB Index    1.50 
Goldman, Sachs & Co.    Autozone, 5.875%, 10/15/2012    (0.62) 
Barclays    Block Financial, 5.125%, 10/30/2014    (1.95) 
JP Morgan    Block Financial, 5.125%, 10/30/2014    (2.25) 
JP Morgan    Block Financial, 5.125%, 10/30/2014    (2.80) 
Morgan Stanley    Block Financial, 5.125%, 10/30/2014    (2.33) 
Morgan Stanley    Block Financial, 5.125%, 10/30/2014    (1.95) 
Deutsche Bank    Capital One Financial, 6.25%, 11/15/2013    (4.45) 
Deutsche Bank    Capital One Financial, 6.25%, 11/15/2013    (4.45) 
Deutsche Bank    Capital One Financial, 6.25%, 11/15/2013    (4.40) 
Goldman, Sachs & Co.    Capital One Financial, 6.25%, 11/15/2013    (4.65) 
JP Morgan    Capital One Financial, 6.25%, 11/15/2013    (2.35) 
JP Morgan    Capital One Financial, 6.25%, 11/15/2013    (2.75) 
Citibank    Century Tel, 7.875%, 8/15/2012    (1.16) 
Morgan Stanley    Century Tel, 7.875%, 8/15/2012    (1.15) 
Goldman, Sachs & Co.    CSX, 5.3%, 2/15/2014    (0.66) 
JP Morgan    CSX, 5.3%, 2/15/2014    (0.65) 
Merrill Lynch    CSX, 5.3%, 2/15/2014    (0.69) 
Goldman, Sachs & Co.    Dow Chemical, 6%, 10/1/2012    (0.56) 
Barclays    Dow Jones CDX.NA.IG.9 Index    (0.60) 
Goldman, Sachs & Co.    Dow Jones CDX.NA.IG.9 Index    (0.80) 
Morgan Stanley    Eastman Chemical, 7.6%, 2/1/2027    (0.50) 
Citibank    FedEx, 7.25%, 2/15/2011    (0.55) 
Citibank    FedEx, 7.25%, 2/15/2011    (0.60) 
JP Morgan    FedEx, 7.25%, 2/15/2011    (0.54) 
Leheman Brothers    First Data, 4.7%, 8/1/2013    2.90 
Merrill Lynch    Freeport-McMoran C & G, 10.125%, 2/1/2010    0.92 
JP Morgan    Global Structured Tranche 0-3%    - 
Morgan Stanley    Global Structured Tranche 0-3%    - 
UBS AG    Global Structured Tranche 0-3%    - 
Deutsche Bank    Goldman, Sachs & Co., 6.6%, 1/15/2012    (0.69) 
Deutsche Bank    HSBC Finance, 7%, 5/15/2012    (1.11) 
Goldman, Sachs & Co.    Humana, 6.3%, 8/1/2018    0.58 
Deutsche Bank    Kohls, 6.3%, 3/1/2011    (1.60) 
Goldman, Sachs & Co.    Kohls, 6.3%, 3/1/2011    (1.68) 
JP Morgan    Kohls, 6.3%, 3/1/2011    (1.55) 
Morgan Stanley    Kohls, 6.3%, 3/1/2011    (1.62) 
Leheman Brothers    Liberty Mutual Insurance Company, 7.875%, 10/15/2026    (0.35) 
JP Morgan    Motorola, 6.5%, 9/1/2025    (0.99) 
Citibank    Northern Tobacco, 5%, 6/1/2046    1.35 
Deutsche Bank    Republic of Panama, 8.875%, 9/30/2027    (1.57) 
Barclays    Republic of the Philippines, 10.625%, 3/16/2025    (2.56) 
Barclays    Republic of Turkey, 11.875%, 1/15/2030    (2.82) 
Deutsche Bank    Republic of Venezuela, 9.25%, 9/15/2027    4.45 

UBS AG    Republic of Venezuela, 9.25%, 9/15/2027    (2.33) 
JP Morgan    Rite Aid, 7.7%, 2/15/2027    3.55 
Leheman Brothers    Rite Aid, 7.7%, 2/15/2027    4.55 
Leheman Brothers    Rite Aid, 7.7%, 2/15/2027    4.85 
Citibank    Southern California Tobacco, 5%, 6/1/2037    1.35 
Barclays    Standish Structured Tranched Portfolio 0-3%    13.40 
Citibank    TJX Cos., 7.45%, 12/15/2009    (0.78) 
Morgan Stanley    TJX Cos., 7.45%, 12/15/2009    (0.82) 
Deutsche Bank    Verizon Communications, 4.9%, 9/15/2015    (0.45) 
Morgan Stanley    Verizon Communications, 4.9%, 9/15/2015    (0.41) 
Deutsche Bank    Wachovia, 3.625%, 2/17/2009    1.00 

Total
        Unrealized 
        Appreciation/ 
Expiration    Notational    (Depreciation) 
Date    Amount    at 1/31/2008 ($) 
 
12/20/2011    12,500,000    141,845 
2/15/2014    3,590,000    (481,820) 
2/15/2014    2,200,000    (301,702) 
6/20/2012    5,940,000    115,028 
9/20/2014    3,000,000    151,818 
12/20/2012    640,000    19,439 
12/20/2012    570,000    4,128 
12/20/2012    1,960,000    53,347 
9/20/2014    1,550,000    78,439 
3/20/2013    630,000    (20,557) 
3/20/2013    1,400,000    (45,509) 
3/20/2013    2,570,000    (78,130) 
3/20/2013    1,960,000    (80,473) 
12/20/2012    2,420,000    120,736 
12/20/2012    890,000    29,621 
9/20/2015    2,979,000    (20,221) 
9/20/2015    866,000    (5,312) 
12/20/2012    2,320,000    20,025 
12/20/2012    1,200,000    10,909 
12/20/2012    2,255,000    16,356 
3/20/2013    1,430,000    2,134 
12/20/2012    17,660,000    396,546 
12/20/2017    8,780,000    223,996 
12/20/2012    5,810,000    28,003 
12/20/2012    3,230,000    43,067 
12/20/2012    1,615,000    17,820 
12/20/2012    930,000    12,827 
12/20/2009    785,000    (30,472) 
6/20/2010    1,585,000    (15,824) 
9/20/2013    5,690,000    (658,008) 
9/20/2013    2,060,000    (145,586) 
9/20/2013    3,950,000    (446,283) 
3/20/2013    3,965,000    25,025 
3/20/2013    3,965,000    64,515 
3/20/2013    2,850,000    17,054 
3/20/2013    710,000    (14,620) 
3/20/2013    590,000    (14,325) 
3/20/2013    610,000    (11,137) 
3/20/2013    990,000    (21,309) 
12/20/2014    8,690,000    92,982 
3/20/2013    2,950,000    80,139 
12/20/2011    6,250,000    (276,978) 
9/20/2017    2,820,000    99,138 
9/20/2017    2,760,000    (20,299) 
9/20/2017    2,760,000    (49,887) 
8/20/2012    7,750,000    131,935 

11/20/2016    2,650,000    399,571 
9/20/2010    1,300,000    (247,583) 
9/20/2010    725,000    (122,449) 
9/20/2010    725,000    (117,761) 
12/20/2011    6,250,000    (276,978) 
6/20/2012    610,000    (342,597) 
3/20/2013    2,250,000    (9,206) 
3/20/2013    650,000    (3,874) 
12/20/2017    120,000    1,309 
3/20/2018    2,850,000    42,771 
3/20/2013    7,930,000    (44,692) 
 
        (1,463,069) 

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.

FORM N-Q

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/ J. David Officer 
    J. David Officer 
    President
 
Date:    March 26, 2008 

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:    March 26, 2008 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer 
 
Date:    March 26, 2008 
 
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)