N-Q 1 form047.htm FORM N-Q form047
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 811-5270 
 
The Dreyfus/Laurel Funds, 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) 
 
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:    08/31     
Date of reporting period:    11/30/06     

The following Form N-Q relates only to Dreyfus Premier Core Equity Fund, a series of the Registrant, and does not affect the other series of the Registrant, which have a different fiscal year end and, therefore, different N-Q reporting requirements. A separate Form N-Q will be filed for these series, as appropriate.


  FORM N-Q
Item 1.    Schedule of Investments. 

STATEMENT OF INVESTMENTS         
Dreyfus Premier Core Equity Fund         
November 30, 2006 (Unaudited)         
 
 
Common Stocks--99.3%    Shares    Value ($) 



Banks--5.4%         
Bank of America    95,000    5,115,750 
HSBC Holdings, ADR    35,000 a    3,255,000 
SunTrust Banks    34,000    2,776,100 
        11,146,850 
Capital Goods--7.7%         
Emerson Electric    60,000    5,202,000 
General Electric    298,000    10,513,440 
        15,715,440 
Consumer Services--1.5%         
Hilton Hotels    45,000    1,477,350 
McDonald's    40,000    1,678,800 
        3,156,150 
Diversified Financial Services--10.7%         
American Express    73,000    4,286,560 
Ameriprise Financial    16,000    865,600 
Citigroup    158,233    7,846,774 
JPMorgan Chase & Co.    90,000    4,165,200 
Merrill Lynch & Co.    55,000    4,808,650 
        21,972,784 
Energy--19.1%         
BP, ADR    50,000    3,404,000 
Chevron    121,000    8,750,720 
ConocoPhillips    70,000    4,711,000 
Exxon Mobil    190,060    14,598,509 
Halliburton    50,000    1,687,000 
Occidental Petroleum    40,000    2,013,600 
Royal Dutch Shell, Cl. A, ADR    50,000    3,551,500 
Total, ADR    8,000    571,680 
        39,288,009 
Food & Staples Retailing--5.6%         
Wal-Mart Stores    82,000    3,780,200 
Walgreen    162,000    6,559,380 
Whole Foods Market    25,000    1,220,000 
        11,559,580 
Food, Beverage & Tobacco--17.9%         
Altria Group    160,000    13,473,600 
Anheuser-Busch Cos.    43,000    2,042,930 
Coca-Cola    180,000    8,429,400 
Nestle, ADR    70,050    6,184,014 
PepsiCo    107,000    6,630,790 
        36,760,734 
Health Care Services--.7%         
UnitedHealth Group    30,000    1,472,400 
Household & Personal Products--4.7%         
Estee Lauder Cos., Cl. A    30,000    1,238,700 
Procter & Gamble    135,000    8,476,650 
        9,715,350 
Insurance--1.4%         
American International Group    40,580    2,853,586 
Materials--.8%         
Praxair    25,000    1,560,000 


Media--5.9%         
McGraw-Hill Cos.    120,000    7,998,000 
News, Cl. A    200,200    4,124,120 
            12,122,120 
Pharmaceuticals & Biotechnology--8.0%         
Abbott Laboratories    70,000    3,266,200 
Eli Lilly & Co.    45,000    2,411,550 
Johnson & Johnson    90,000    5,931,900 
Merck & Co.    30,000    1,335,300 
Pfizer    130,350    3,583,321 
            16,528,271 
Retailing--2.2%         
Home Depot    50,000    1,898,500 
Target    45,000    2,614,050 
            4,512,550 
Semiconductors & Equipment--3.4%         
Intel    325,000    6,938,750 
Software & Services--3.0%         
Automatic Data Processing    25,000    1,205,750 
Microsoft    170,000    4,986,100 
            6,191,850 
Transportation--1.3%         
United Parcel Service, Cl. B    35,000    2,727,200 
Total Common Stocks         
    (cost $151,839,720)        204,221,624 
 
Other Investment--.3%         



Registered Investment Company;         
Dreyfus Institutional Preferred         
    Plus Money Market Fund         
    (cost $645,000)    645,000 b    645,000 
 
Investment of Cash Collateral         
    for Securities Loaned--1.6%         




Registered Investment Company;         
Dreyfus Institutional Cash         
    Advantage Plus Fund         
    (cost $3,325,000)    3,325,000 b    3,325,000 
 
Total Investments (cost $155,809,720)    101.2%    208,191,624 
Liabilities, Less Cash and Receivables    (1.2%)    (2,403,226) 
Net Assets    100.0%    205,788,398 
 
ADR - American Depository Receipts         
a    All or a portion of these securities are on loan. At November 30, 2006, the total market value of the fund's 
    securities on loan is $3,255,000 and the total market value of the collateral held by the fund is $3,325,000. 
b    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.


[INSERT SCHEDULE OF INVESTMENTS HERE] 

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.

The Dreyfus/Laurel Funds, Inc.:
- Dreyfus Premier Core Equity Fund
By:    /s/ J. David Officer 
    J. David Officer 
President
 
Date:    January 22, 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:    January 22, 2007 
 
By:    /s/ James Windels 
    James Windels 
Treasurer
 
Date:    January 22, 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)