N-CSR 1 forms-758.htm ANNUAL REPORT forms-758
UNITED STATES 
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549 
 
 
FORM N-CSR 
 
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT 
INVESTMENT COMPANIES 
 
Investment Company Act file number 811-5527 
 
DREYFUS NEW JERSEY MUNICIPAL MONEY MARKET FUND, 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) 
 
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:    11/30 
Date of reporting period:    11/30/07 

FORM N-CSR 

Item 1. Reports to Stockholders.

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The views expressed in this report reflect those of the portfolio manager only through the end of the period covered and do not necessarily represent the views of Dreyfus or any other person in the Dreyfus organization. Any such views are subject to change at any time based upon market or other conditions and Dreyfus disclaims any responsibility to update such views.These views may not be relied on as investment advice and, because investment decisions for a Dreyfus fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Dreyfus fund.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value

    Contents 
 
    THE FUND 
2    A Letter from the CEO 
3    Discussion of Fund Performance 
6    Understanding Your Fund’s Expenses 
6    Comparing Your Fund’s Expenses 
    With Those of Other Funds 
7    Statement of Investments 
19    Statement of Assets and Liabilities 
20    Statement of Operations 
21    Statement of Changes in Net Assets 
22    Financial Highlights 
23    Notes to Financial Statements 
28    Report of Independent Registered 
    Public Accounting Firm 
29    Important Tax Information 
30    Information About the Review and Approval 
    of the Fund’s Management Agreement 
34    Board Members Information 
37    Officers of the Fund 

FOR MORE INFORMATION

Back Cover

Dreyfus New Jersey 
Municipal Money Market Fund, Inc. 

The Fund

A LETTER FROM THE CEO

Dear Shareholder:

We are pleased to present this annual report for Dreyfus New Jersey Municipal Money Market Fund, Inc., covering the 12-month period from December 1, 2006, through November 30, 2007.

The past few months have been filled with greater swings in security valuations than we’ve seen in several years,as the economic cycle matured and a credit crisis stemming from the sub-prime mortgage sector of the taxable bond market has affected virtually all areas of the financial markets, including, to some extent, money market funds.A high degree of leverage within parts of the financial system made these price fluctuations more intense than they otherwise might have been. In the ensuing “flight to quality” among investors, “liquid asset” investments such as money market funds realized tremendous inflows of assets from investors affected by the heightened volatility and from those simply awaiting a clearer picture by the Fed on the direction of the U.S. economy.

Although we expect slower financial conditions in 2008, lower short-term interest rates from the Fed may help forestall a technical recession. As was widely anticipated, at its December 11 meeting the Fed took action and lowered its overnight rate to 4.25% . Despite this recent rate cut, investors will continue to closely monitor the credit markets and signals by the Fed on the state of the U.S economy in 2008. During times like these, it is a good time to review your portfolio with your financial advisor, who can help you consider whether to reposition your investments for a changing market environment.

For information about how the fund performed during the reporting period, as well as market perspectives, we have provided a Discussion of Fund Performance given by the fund’s Portfolio Manager.

Thank you for your continued confidence and support.

2

DISCUSSION OF FUND PERFORMANCE

For the period of December 1, 2006, through November 30, 2007, as provided by Joseph Irace, Senior Portfolio Manager

Fund and Market Performance Overview

Yields of tax-exempt money market securities began to decline over the last few months of the reporting period, when the Federal Reserve Board (the “Fed”) reduced key short-term interest rates in an attempt to address an intensifying credit crisis and forestall a potential recession.

For the 12-month period ended November 30,2007,Dreyfus New Jersey Municipal Money Market Fund produced a yield of 3.07% and, taking into account the effects of compounding, an effective yield of 3.11% .1

The Fund’s Investment Approach

The fund’s objective is to seek as high a level of current income exempt from federal and New Jersey state income taxes as is consistent with the preservation of capital and the maintenance of liquidity.The fund also seeks to maintain a stable $1.00 share price. To pursue its goal, the fund normally invests substantially all of its assets in short-term, high-quality municipal obligations that provide income exempt from federal and New Jersey state income taxes.

When pursuing the fund’s objective, we employ two primary strategies. First, we attempt to add value by constructing a portfolio of high-quality, tax-exempt money market municipal obligations that provide income exempt from federal and New Jersey state income taxes. Second, we actively manage the fund’s average maturity in anticipation of interest-rate trends and supply-and-demand changes in New Jersey’s short-term municipal marketplace.

For example, if we expect an increase in short-term supply, we may reduce the weighted average maturity of the fund, which should better position the fund to purchase new securities with higher yields, if higher yields materialize.Yields tend to rise when there is an increase in new-

The Fund 3

DISCUSSION OF FUND PERFORMANCE (continued)

issue supply competing for investor interest. New securities generally are issued with maturities in the one-year range and tend to lengthen the fund’s weighted average maturity if purchased. If we anticipate limited new-issue supply, we may extend the fund’s average maturity to maintain then-current yields for as long as we think practical. At other times, we try to maintain an average maturity that reflects our view of short-term interest-rate trends and future supply-and-demand considerations.

The Fed Eased Monetary Policy Amid Economic and Credit Concerns

For much of the reporting period, the Fed left short-term interest rates unchanged amid mixed economic signals, and tax-exempt money market yields remained relatively stable through the spring of 2007. However, market conditions changed dramatically over the summer, when turmoil stemming from rising defaults in the sub-prime mortgage market spread to other areas of the financial markets. Even municipal bonds, which have no direct exposure to sub-prime lending, were affected by selling pressure when investors flocked to the relative safe haven of U.S.Treasury securities.

As the credit crisis unfolded, the Fed attempted to promote greater market liquidity in August by reducing the discount rate, the interest rate it charges banks for overnight loans. In September, the Fed reduced the federal funds rate, the interest rate banks charge one another for overnight loans, by a larger-than-expected 50 basis points in order to stimulate the slowing U.S. economy. Another cut in the federal funds rate followed in October, leaving the benchmark overnight rate at 4.5% at the reporting period’s end.

The tax-exempt money markets also were influenced by supply-and-demand forces. Investor demand intensified during the flight to quality, and tax-exempt money market assets climbed to record highs. Rising demand was met with ample supply, including a substantial volume of variable rate demand notes and tender option bonds, which put upward pressure on yields at the short end of the tax-exempt money market’s maturity range. At times, yields of these floating-rate instruments were higher than those of longer-dated municipal notes.

4

New Jersey’s fiscal condition generally has remained sound, supported by a wealthy economy and recent efforts to control spending and pay down debt. However, challenges remain for New Jersey, as recent losses among major Wall Street banks and brokerage firms may constrain tax revenues at a time when the state is contending with future budget deficits stemming in part from rising health care costs for state workers and retirees.

A Conservative Investment Posture Warranted in an Uncertain Market

We generally maintained a conservative investment posture, focusing whenever possible on municipal instruments issued directly by cities in New Jersey, New Jersey state, New Jersey school districts and other entities in New Jersey with high credit ratings and ample revenue streams. We set the fund’s weighted average maturity in a range that was slightly longer than industry averages.Whenever it was practical to do so, we “laddered” the fund’s holdings to help protect it from unexpected interest-rate fluctuations.As always, our research staff maintained rigorous credit standards, which, in our judgment, became even more important in the recent credit crisis.

As of the reporting period’s end, the Fed appears likely to implement one or more additional reductions in short-term interest rates. We believe that the fund’s relatively long weighted average maturity positions should enable it to capture incrementally higher yields should short-term interest rates decline further.

December 17, 2007

    An investment in the fund is not insured or guaranteed by the FDIC or any other government 
    agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is 
    possible to lose money by investing in the fund. 
1    Effective yield is based upon dividends declared daily and reinvested monthly. Past performance is 
    no guarantee of future results.Yields fluctuate. Some income may be subject to the federal 
    alternative minimum tax (AMT) for certain investors. 

The Fund 5

UNDERSTANDING YOUR FUND’S EXPENSES (Unaudited)

As a mutual fund investor, you pay ongoing expenses, such as management fees and other expenses. Using the information below, you can estimate how these expenses affect your investment and compare them with the expenses of other funds.You also may pay one-time transaction expenses, including sales charges (loads) and redemption fees, which are not shown in this section and would have resulted in higher total expenses. For more information, see your fund’s prospectus or talk to your financial adviser.

Review your fund’s expenses

The table below shows the expenses you would have paid on a $1,000 investment in Dreyfus New Jersey Municipal Money Market Fund, Inc. from June 1, 2007 to November 30, 2007. It also shows how much a $1,000 investment would be worth at the close of the period, assuming actual returns and expenses.

Expenses and Value of a $1,000 Investment 
assuming actual returns for the six months ended November 30, 2007 
 
Expenses paid per $1,000 †    $ 3.03 
Ending value (after expenses)    $1,015.50 

COMPARING YOUR FUND’S EXPENSES WITH THOSE OF OTHER FUNDS (Unaudited)

Using the SEC’s method to compare expenses

The Securities and Exchange Commission (SEC) has established guidelines to help investors assess fund expenses. Per these guidelines, the table below shows your fund’s expenses based on a $1,000 investment, assuming a hypothetical 5% annualized return. You can use this information to compare the ongoing expenses (but not transaction expenses or total cost) of investing in the fund with those of other funds.All mutual fund shareholder reports will provide this information to help you make this comparison. Please note that you cannot use this information to estimate your actual ending account balance and expenses paid during the period.

Expenses and Value of a $1,000 Investment 
assuming a hypothetical 5% annualized return for the six months ended November 30, 2007 
 
Expenses paid per $1,000 †    $ 3.04 
Ending value (after expenses)    $1,022.06 

† Expenses are equal to the fund’s annualized expense ratio of .60%, multiplied by the average account value over the period, multiplied by 183/365 (to reflect the one-half year period).

  6
STATEMENT OF INVESTMENTS 
November 30, 2007 

Short-Term    Coupon    Maturity    Principal     
Investments—99.0%    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey—93.5%                 
Alexandria Township,                 
GO Notes, BAN    4.25    12/18/07    1,650,000    1,650,445 
BB&T Municipal Trust                 
(New Jersey Turnpike Authority,                 
Turnpike Revenue) (Insured; AMBAC             
and Liquidity Facility; Branch                 
Banking and Trust Co.)    3.63    12/7/07    22,370,000 a,b    22,370,000 
Bergen County,                 
GO Notes, BAN    3.70    12/13/07    23,000,000    23,000,070 
Bergen County Improvement                 
Authority, County-Guaranteed                 
Shared DPW Facility Lease                 
Revenue Project Notes    4.25    4/30/08    2,500,000    2,505,064 
Bergen County Improvement                 
Authority, MFHR (Kentshire                 
Apartments Project) (Insured;                 
FNMA and Liquidity Facility; FNMA)    3.63    12/7/07    21,000,000 a    21,000,000 
Branchburg Township,                 
BAN    4.00    2/8/08    1,800,000    1,800,662 
Camden County Improvement                 
Authority, Health Care                 
Redevelopment Project Revenue                 
(Cooper Health System                 
Obligated Group Issue) (LOC;                 
Commerce Bank N.A.)    3.68    12/7/07    8,200,000 a    8,200,000 
Camden County Improvement                 
Authority, MFHR (Liberty Park                 
Housing Project) (Liquidity                 
Facility; Merrill Lynch)    4.18    12/7/07    7,150,000 a,b    7,150,000 
Camden County Improvement                 
Authority, Special Revenue                 
(Congregation Beth El Project)                 
(LOC; Commerce Bank N.A.)    3.63    12/7/07    2,000,000 a    2,000,000 
Clifton,                 
GO Notes, TAN    4.00    2/15/08    5,000,000    5,002,509 
Cranford Township,                 
BAN    4.00    1/4/08    2,250,394    2,250,999 
Deptford Township,                 
GO Notes, BAN    3.70    11/19/08    1,174,200    1,176,387 
East Amwell Township,                 
GO Notes, BAN    4.00    5/22/08    1,000,000    1,001,135 

The Fund 7

STATEMENT OF INVESTMENTS (continued)

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
East Brunswick Township,                 
GO Notes, BAN    4.00    10/10/08    2,337,500    2,345,822 
Egg Harbor Township Board of             
Education, GO Notes                 
(Insured; MBIA)    3.50    4/1/08    100,000    100,000 
Essex County Improvement                 
Authority, Revenue (The                 
Children’s Institute Project)                 
(LOC; Wachovia Bank)    3.66    12/7/07    1,795,000 a    1,795,000 
Essex Fells,                 
GO Notes, BAN    3.75    4/11/08    1,752,500    1,753,428 
Haddonfield,                 
GO Notes, BAN    4.00    7/24/08    1,508,000    1,509,867 
Hammonton,                 
GO Notes, BAN    4.00    1/11/08    3,660,000    3,661,188 
Irvington Township,                 
GO Notes, BAN    4.25    3/14/08    1,388,700    1,390,599 
Long Branch,                 
GO Notes, BAN    4.00    1/30/08    2,051,500    2,052,314 
Lower Municipal Township Utilities             
Authority, Project Note    4.25    2/27/08    2,500,000    2,502,899 
Mercer County Improvement                 
Authority, Revenue (Children’s             
Home Society Project) (LOC;             
Wachovia Bank)    3.66    12/7/07    820,000 a    820,000 
Mercer County Improvement                 
Authority, Revenue (The                 
Atlantic Foundation and                 
Johnson Atelier and School of             
Sculpture Project) (Insured;                 
MBIA and Liquidity Facility;                 
Bank of America)    3.64    12/7/07    2,200,000 a    2,200,000 
New Jersey,                 
COP (Equipment Lease                 
Purchase Agreement)    5.00    6/15/08    1,000,000    1,006,515 
New Jersey Economic Development             
Authority, EDR (Marco                 
Holdings, LLC Project)                 
(LOC; Wachovia Bank)    3.71    12/7/07    815,000 a    815,000 

8

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
New Jersey Economic Development                 
Authority, EDR (Parke Place                 
Associates Project) (LOC;                 
Commerce Bank N.A.)    3.73    12/7/07    1,300,000 a    1,300,000 
New Jersey Economic Development                 
Authority, EDR (Republic                 
Services Inc. Project)                 
(LOC; Bank of America)    3.59    12/7/07    1,095,000 a    1,095,000 
New Jersey Economic Development                 
Authority, EDR (Saint Peters                 
Preparatory School) (LOC;                 
Wachovia Bank)    3.66    12/7/07    720,000 a    720,000 
New Jersey Economic Development                 
Authority, EDR (Stone Brothers                 
Secaucus Project) (LOC; Valley                 
National Bank)    3.63    12/7/07    2,800,000 a    2,800,000 
New Jersey Economic Development                 
Authority, EDR (Superior                 
Bakers, Inc./Ginsburg Bakery,                 
Inc. Project) (LOC; PNC Bank N.A.)    3.59    12/7/07    1,835,000 a    1,835,000 
New Jersey Economic Development                 
Authority, EDR (The Challenge                 
Printing Company, Inc.                 
Project) (LOC; Wachovia Bank)    3.71    12/7/07    2,000,000 a    2,000,000 
New Jersey Economic Development                 
Authority, EDR, Refunding (R.                 
Realty Company Project) (LOC;                 
Wachovia Bank)    3.66    12/7/07    615,000 a    615,000 
New Jersey Economic Development                 
Authority, IDR (Advanced                 
Drainage Systems, Inc. Project)                 
(LOC; National City Bank)    3.61    12/7/07    8,700,000 a    8,700,000 
New Jersey Economic Development                 
Authority, LR (Somerset Hills YMCA                 
Project) (LOC; Commerce Bank N.A.)    3.63    12/7/07    3,820,000 a    3,820,000 
New Jersey Economic Development                 
Authority, Revenue (Buchanan                 
and Zweigle Project) (LOC;                 
Wachovia Bank)    3.71    12/7/07    2,125,000 a    2,125,000 

The Fund 9

STATEMENT OF INVESTMENTS (continued)

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($ 
New Jersey (continued)                 
New Jersey Economic Development                 
Authority, Revenue (Catholic                 
Community Services Project)                 
(LOC; Wachovia Bank)    3.66    12/7/07    265,000 a    265,000 
New Jersey Economic Development                 
Authority, Revenue (CPC                 
Behavioral Healthcare Project)                 
(LOC; Wachovia Bank)    3.66    12/7/07    3,415,000 a    3,415,000 
New Jersey Economic Development                 
Authority, Revenue (Developmental             
Disabilities Association of New Jersey             
Inc. Project) (LOC; Wachovia Bank)    3.66    12/7/07    2,215,000 a    2,215,000 
New Jersey Economic Development                 
Authority, Revenue (Four                 
Woodbury Mews Project)                 
(LOC; Bank of America)    4.83    12/7/07    11,600,000 a    11,600,000 
New Jersey Economic Development                 
Authority, Revenue (Joseph H.                 
Moreng, Jr. and James Moreng                 
Leasing Partnership) (LOC;                 
Wachovia Bank)    3.66    12/7/07    930,000 a    930,000 
New Jersey Economic Development                 
Authority, Revenue (Oak Hill                 
Academy Project)                 
(LOC; Wachovia Bank)    3.66    12/7/07    1,900,000 a    1,900,000 
New Jersey Economic Development                 
Authority, Revenue (Rose Hill                 
Associates Project) (LOC;                 
Commerce Bank N.A.)    3.73    12/7/07    5,955,000 a    5,955,000 
New Jersey Economic Development                 
Authority, Revenue (The Montclair                 
Art Museum Project) (LOC;                 
JPMorgan Chase Bank)    3.60    12/7/07    5,260,000 a    5,260,000 
New Jersey Economic Development                 
Authority, Revenue (Three                 
Woodbury Mews Project)                 
(LOC; Bank of America)    4.83    12/7/07    9,525,000 a    9,525,000 
New Jersey Economic Development                 
Authority, Revenue (Young Men’s                 
Christian Association of Metuchen                 
Project) (LOC; Wachovia Bank)    3.66    12/7/07    1,355,000 a    1,355,000 

10

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
New Jersey Economic Development             
Authority, School Facilities                 
Construction Revenue                 
(Liquidity Facility; Citibank NA)    3.65    12/7/07    12,000,000 a,b    12,000,000 
New Jersey Economic Development             
Authority, School Facilities                 
Construction Revenue (Putters                 
Program) (Insured; FSA and                 
Liquidity Facility; JPMorgan                 
Chase Bank)    3.62    12/7/07    3,395,000 a,b    3,395,000 
New Jersey Economic                 
Development Authority,                 
Special Facility Revenue                 
(Port Newark Container                 
Terminal LLC Project)                 
(LOC; Citibank NA)    3.63    12/7/07    33,900,000 a    33,900,000 
New Jersey Economic Development             
Authority, Thermal Energy                 
Facilites Revenue (Thermal                 
Energy Limited Partnership I                 
Project) (LOC; Bank One)    3.59    12/7/07    8,600,000 a    8,600,000 
New Jersey Economic Development             
Authority, Thermal Energy                 
Facilities Revenue (Thermal                 
Energy Limited Partnership I                 
Project) (LOC; Bank One)    3.59    12/7/07    2,525,000 a    2,525,000 
New Jersey Health Care Facilities                 
Financing Authority, Revenue                 
(Saint Joseph’s Wayne                 
Hospital, Inc.) (LOC; Valley                 
National Bank)    3.64    12/7/07    3,745,000 a    3,745,000 
New Jersey Health Care Facilities                 
Financing Authority, Revenue,                 
Refunding (Kennedy Health                 
System Obligated Group Issue)                 
(Insured; MBIA)    5.75    7/1/08    1,135,000    1,149,239 
New Jersey Housing and Mortgage             
Finance Agency, Multi-Family                 
Revenue (Insured; FSA and                 
Liquidity Facility; Lloyds                 
TBS Bank PLC)    3.63    12/7/07    5,000,000 a    5,000,000 

The Fund 11

STATEMENT OF INVESTMENTS (continued)

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
New Jersey Housing and Mortgage             
Finance Agency, Multi-Family                 
Revenue (Insured; MBIA and                 
Liquidity Facility; Lloyds TSB                 
Bank PLC)    3.63    12/7/07    15,000,000 a    15,000,000 
New Jersey Housing and Mortgage             
Finance Agency, Revenue                 
(Merlots Program) (Insured;                 
MBIA and Liquidity Facility;                 
Wachovia Bank)    3.72    12/7/07    350,000 a,b    350,000 
New Jersey Transportation Trust                 
Fund Authority (Putters                 
Program) (Transportation                 
System) (Insured; FSA and                 
Liquidity Facility; JPMorgan                 
Chase Bank)    3.62    12/7/07    1,500,000 a,b    1,500,000 
New Jersey Transportation Trust                 
Fund Authority (Transportation                 
System)    5.38    12/15/07    7,500,000    7,504,454 
New Jersey Transportation Trust                 
Fund Authority (Transportation                 
System) (Insured; FSA and                 
Liquidity Facility; Morgan                 
Stanley Bank)    3.66    12/7/07    4,953,500 a,b    4,953,500 
New Jersey Transportation Trust                 
Fund Authority (Transportation                 
System) (Insured; MBIA)    5.00    12/15/07    500,000    500,273 
New Jersey Turnpike Authority,                 
Turnpike Revenue (Insured; FSA             
and Liquidity Facility; Morgan                 
Stanley Bank)    3.66    12/7/07    10,235,000 a,b    10,235,000 
New Jersey Turnpike Authority,                 
Turnpike Revenue (Putters Program)             
(Insured; MBIA and Liquidity Facility;             
JPMorgan Chase Bank)    3.62    12/7/07    5,000,000 a,b    5,000,000 
Newark Housing Authority,                 
MFHR (Liquidity Facility;                 
Merrill Lynch)    4.18    12/7/07    4,297,000 a,b    4,297,000 
Passaic County Utilities                 
Authority, Solid Waste System                 
Project Notes, Refunding    4.25    2/21/08    9,960,000    9,970,770 

12

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
139th Series) (Insured; FGIC                 
and Liquidity Facility; Dexia                 
Credit Locale)    3.64    12/7/07    2,700,000 a,b    2,700,000 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
141st Series) (Insured; CIFG                 
and Liquidity Facility; Wells                 
Fargo Bank)    3.73    12/7/07    7,000,000 a,b    7,000,000 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
147th Series) (Insured; FGIC                 
and Liquidity Facility;                 
Bayerische Landesbank)    3.75    12/7/07    4,500,000 a,b    4,500,000 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
147th Series) (Insured; FGIC                 
and Liquidity Facility;                 
Citibank NA)    3.76    12/7/07    2,355,000 a,b    2,355,000 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
147th Series) (Insured; FGIC                 
and Liquidity Facility; PB                 
Finance Inc.)    3.78    12/7/07    7,210,000 a,b    7,210,000 
Port Authority of New York and                 
New Jersey (Consolidated Bonds,             
148th Series) (Insured; FSA                 
and Liquidity Facility; Morgan                 
Stanley Bank)    3.66    12/7/07    10,350,000 a,b    10,350,000 
Port Authority of New York and                 
New Jersey, CP (Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    3.52    12/5/07    7,300,000    7,300,000 
Port Authority of New York and                 
New Jersey, Equipment Notes    3.64    12/7/07    1,255,000 a    1,255,000 
Port Authority of New York and                 
New Jersey, Special Obligation                 
Revenue (Merlots Program)                 
(Insured; MBIA and Liquidity                 
Facility; Wachovia Bank)    3.72    12/7/07    2,390,000 a,b    2,390,000 

The Fund 13

STATEMENT OF INVESTMENTS (continued)

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
Port Authority of New York and                 
New Jersey, Special Obligation                 
Revenue (Versatile Structure                 
Obligation) (LOC; Bayerische                 
Landesbank)    3.67    12/1/07    1,900,000 a    1,900,000 
Puttable Floating Option Tax                 
Exempt Receipts (Tobacco                 
Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement                 
Asset-Backed Bonds) (Liquidity                 
Facility; Merrill Lynch Capital                 
Services and LOC; Merrill Lynch)    4.03    12/7/07    9,225,000 a,b    9,225,000 
Puttable Floating Option Tax                 
Exempt Receipts (Tobacco                 
Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement                 
Asset-Backed Bonds) (Liquidity                 
Facility; Merrill Lynch Capital                 
Services and LOC; Merrill Lynch)    4.03    12/7/07    2,365,000 a,b    2,365,000 
Puttable Floating Option Tax                 
Exempt Receipts (Tobacco                 
Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement                 
Asset-Backed Bonds) (Liquidity                 
Facility; Merrill Lynch                 
Capital Services and LOC; Merrill                 
Lynch Capital Services)    4.03    12/7/07    3,730,000 a,b    3,730,000 
Rutherford,                 
TAN    4.00    2/15/08    7,500,000    7,503,023 
South Brunswick Township,                 
GO Notes, BAN    4.00    2/21/08    1,500,000    1,500,816 
Sussex County Municipal Utilities                 
Authority, Project Notes    4.50    12/28/07    3,200,000    3,201,825 
Tobacco Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement                 
Asset-Backed Bonds                 
(Liquidity Facility; Merrill                 
Lynch Capital Services)    3.82    12/7/07    435,000 a,b    435,000 

14

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
New Jersey (continued)                 
Tobacco Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement Asset-Backed             
Bonds (Liquidity Facility; Merrill             
Lynch Capital Services and                 
LOC; Merrill Lynch)    4.03    12/7/07    9,365,000 a,b    9,365,000 
Toms River,                 
Special Emergency Notes    4.25    8/29/08    2,000,000    2,007,005 
Trenton Parking Authority,                 
Parking Revenue (Putters                 
Program) (Insured; FGIC and                 
Liquidity Facility; JPMorgan                 
Chase Bank)    3.62    12/7/07    4,320,000 a,b    4,320,000 
Union County Improvement                 
Authority, Revenue (Oak Park                 
Apartments Housing Project)                 
(Liquidity Facility; Merrill                 
Lynch and LOC; IXIS Corporate                 
and Investment Bank)    3.78    12/7/07    14,470,000 a,b    14,470,000 
University of Medicine and                 
Dentistry of New Jersey, Revenue             
(Insured; AMBAC and Liquidity                 
Facility; Bank of America)    3.58    12/7/07    15,445,000 a    15,445,000 
Voorhees Township,                 
GO Notes, BAN    4.00    7/18/08    1,717,000    1,719,077 
Washington Township,                 
GO Notes, BAN    4.00    6/11/08    2,900,000    2,903,680 
Wildwood Crest,                 
GO Notes, BAN    4.00    3/7/08    1,405,000    1,405,896 
Wood-Ridge Borough,                 
GO Notes, BAN    4.25    2/22/08    1,600,000    1,601,682 
U.S. Related—5.5%                 
BB&T Municipal Trust (Puerto Rico             
Infrastructure Financing Authority,             
Special Tax Revenue) (Insured;                 
AMBAC and Liquidity Facility;                 
Branch Banking and Trust Co.)    3.64    12/7/07    3,400,000 a,b    3,400,000 
Puerto Rico Aqueduct and Sewer                 
Authority, Revenue (Liquidity                 
Facility; Citibank NA and LOC;                 
Citibank NA)    3.66    12/7/07    9,000,000 a,b    9,000,000 

The Fund 15

STATEMENT OF INVESTMENTS (continued)

Short-Term    Coupon    Maturity    Principal     
Investments (continued)    Rate (%)    Date    Amount ($)    Value ($) 
U.S. Related (continued)                 
Puerto Rico Government Development                 
Bank, Senior Notes (Liquidity                 
Facility; Merrill Lynch                 
Capital Services and LOC;                 
Merrill Lynch)    3.98    12/7/07    1,500,000 a,b    1,500,000 
Puerto Rico Housing Finance                 
Corporation, Home Mortgage                 
Revenue (Putters Program)                 
(Liquidity Facility; JPMorgan                 
Chase Bank)    3.62    12/7/07    5,870,000 a,b    5,870,000 
Puerto Rico Industrial Tourist                 
Educational Medical and                 
Environmental Control                 
Facilities Financing Authority,                 
Environmental Control Facilities                 
Revenue (Bristol-Myers Squibb                 
Company Project)    3.63    12/7/07    6,300,000 a    6,300,000 
 
Total Investments (cost $472,343,143)            99.0%    472,343,143 
 
Cash and Receivables (Net)            1.0%    4,571,496 
 
Net Assets            100.0%    476,914,639 

a Securities payable on demand.Variable interest rate—subject to periodic change. 
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 November 30, 2007, these 
securities amounted to $171,435,500 or 35.9% of net assets. 

16

Summary of Abbreviations         
 
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance    AMBAC    American Municipal Bond 
    Company        Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance    CIC    Continental Insurance 
    Company        Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance 
            Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environmental Improvement 
            Revenue 
FGIC    Financial Guaranty Insurance         
    Company    FHA    Federal Housing Administration 
FHLB    Federal Home Loan Bank    FHLMC    Federal Home Loan Mortgage 
            Corporation 
FNMA    Federal National         
    Mortgage Association    FSA    Financial Security Assurance 
GAN    Grant Anticipation Notes    GIC    Guaranteed Investment Contract 
GNMA    Government National         
    Mortgage Association    GO    General Obligation 
HR    Hospital Revenue    IDB    Industrial Development Board 
IDC    Industrial Development Corporation    IDR    Industrial Development Revenue 
LOC    Letter of Credit    LOR    Limited Obligation Revenue 
LR    Lease Revenue    MBIA    Municipal Bond Investors Assurance 
            Insurance Corporation 
MFHR    Multi-Family Housing Revenue    MFMR    Multi-Family Mortgage Revenue 
PCR    Pollution Control Revenue    PILOT    Payment in Lieu of Taxes 
RAC    Revenue Anticipation Certificates    RAN    Revenue Anticipation Notes 
RAW    Revenue Anticipation Warrants    RRR    Resources Recovery Revenue 
SAAN    State Aid Anticipation Notes    SBPA    Standby Bond Purchase Agreement 
SFHR    Single Family Housing Revenue    SFMR    Single Family Mortgage Revenue 
SONYMA    State of New York Mortgage Agency    SWDR    Solid Waste Disposal Revenue 
TAN    Tax Anticipation Notes    TAW    Tax Anticipation Warrants 
TRAN    Tax and Revenue Anticipation Notes    XLCA    XL Capital Assurance 

The Fund 17

STATEMENT OF INVESTMENTS (continued)

Summary of Combined Ratings (Unaudited)     
 
Fitch    or    Moody’s    or    Standard & Poor’s    Value (%) † 
F1+,F1        VMIG1,MIG1,P1        SP1+,SP1,A1+,A1    73.5 
AAA,AA,A c        Aaa,Aa,A c        AAA,AA,A c    2.4 
Not Rated d        Not Rated d        Not Rated d    24.1 
                    100.0 

†    Based on total investments. 
c    Notes which are not F, MIG and SP rated are represented by bond ratings of the issuers. 
d    Securities which, while not rated by Fitch, Moody’s and Standard & Poor’s, have been determined by the Manager to 
    be of comparable quality to those rated securities in which the fund may invest. 
See notes to financial statements. 

18

STATEMENT OF ASSETS AND LIABILITIES 
November 30, 2007 

    Cost    Value 
Assets ($):         
Investments in securities—See Statement of Investments    472,343,143    472,343,143 
Cash        309,764 
Interest receivable        4,637,621 
Prepaid expenses        10,224 
        477,300,752 
Liabilities ($):         
Due to The Dreyfus Corporation and affiliates—Note 2(b)        205,328 
Payable for investment securities purchased        100,603 
Payable for shares of Common Stock redeemed        2,890 
Accrued expenses        77,292 
        386,113 
Net Assets ($)        476,914,639 
Composition of Net Assets ($):         
Paid-in capital        476,813,984 
Accumulated net realized gain (loss) on investments        100,655 
Net Assets ($)        476,914,639 
Shares Outstanding         
(2 billion shares of $.001 par value Common Stock authorized)    476,910,651 
Net Asset Value, offering and redemption price per share ($)    1.00 

See notes to financial statements.

The Fund 19

STATEMENT OF OPERATIONS 
Year Ended November 30, 2007 

Investment Income ($):     
Interest Income    15,080,814 
Expenses:     
Management fee—Note 2(a)    2,048,540 
Shareholder servicing costs—Note 2(b)    285,152 
Professional fees    58,535 
Custodian fees—Note 2(b)    42,805 
Directors’ fees and expenses—Note 2(c)    30,459 
Prospectus and shareholders’ reports    20,571 
Registration fees    17,696 
Miscellaneous    26,227 
Total Expenses    2,529,985 
Less—reduction in custody fees     
due to earnings credits—Note 1(b)    (18,601) 
Net Expenses    2,511,384 
Investment Income—Net    12,569,430 
Net Realized Gain (Loss) on Investments—Note 1(b) ($)    100,655 
Net Increase in Net Assets Resulting from Operations    12,670,085 

See notes to financial statements.

20

STATEMENT OF CHANGES IN NET ASSETS

    Year Ended November 30, 
    2007    2006 
Operations ($):         
Investment income—net    12,569,430    10,111,746 
Net realized gain (loss) on investments    100,655    7,732 
Net Increase (Decrease) in Net Assets         
Resulting from Operations    12,670,085    10,119,478 
Dividends to Shareholders from ($):         
Investment income—net    (12,577,000)    (10,111,746) 
Capital Stock Transactions ($1.00 per share):     
Net proceeds from shares sold    810,741,444    602,550,034 
Dividends reinvested    10,063,659    8,422,735 
Cost of shares redeemed    (718,550,845)    (609,111,992) 
Increase (Decrease) in Net Assets         
from Capital Stock Transactions    102,254,258    1,860,777 
Total Increase (Decrease) in Net Assets    102,347,343    1,868,509 
Net Assets ($):         
Beginning of Period    374,567,296    372,698,787 
End of Period    476,914,639    374,567,296 

See notes to financial statements.

The Fund 21

FINANCIAL HIGHLIGHTS

The following table describes the performance for the fiscal periods indicated. Total return shows how much your investment in the fund would have increased (or decreased) during each period, assuming you had reinvested all dividends and distributions.These figures have been derived from the fund’s financial statements.

            Ten Months Ended             
Year Ended November 30,    November 30,    Year Ended January 31, 
    2007    2006    2005 a    2005    2004    2003 
Per Share Data ($):                         
Net asset value,                         
beginning of period    1.00    1.00    1.00    1.00    1.00    1.00 
Investment Operations:                         
Investment income—net    .031    .027    .015    .006    .005    .008 
Distributions:                         
Dividends from                         
investment                         
income—net    (.031)    (.027)    (.015)    (.006)    (.005)    (.008) 
Net asset value,                         
end of period    1.00    1.00    1.00    1.00    1.00    1.00 
Total Return (%)    3.11    2.76    1.79b    .64    .46    .83 
Ratios/Supplemental                         
Data (%):                         
Ratio of total expenses                         
to average net assets    .62    .64    .65b    .65    .64    .65 
Ratio of net expenses                         
to average net assets    .61    .64    .65b    .65    .64    .65 
Ratio of net investment                         
income to average                         
net assets    3.07    2.73    1.79b    .63    .46    .83 
Net Assets,                         
end of period                         
($ x 1,000)    476,915    374,567    372,699    342,316    372,384    427,000 

a    The fund has changed its fiscal year end from January 31 to November 30. 
b    Annualized. 
See notes to financial statements. 

22

NOTES TO FINANCIAL STATEMENTS

NOTE 1—Significant Accounting Policies:

Dreyfus New Jersey Municipal Money Market Fund, Inc. (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a non-diversified open-end management investment company.The fund’s investment objective is to provide investors with as high a level of current income exempt from federal and New Jersey state income taxes as is consistent with the preservation of capital and the maintenance of liquidity.The Dreyfus Corporation (the “Manager” or “Dreyfus”) serves as the fund’s investment adviser. On July 1, 2007, Mellon Financial Corporation (“Mellon Financial”) and The Bank of New York Company, Inc. merged, forming The Bank of New York Mellon Corporation (“BNY Mellon”). As part of this transaction, Dreyfus became a wholly-owned subsidiary of BNY Mellon. MBSC Securities Corporation (the “Distributor”), a wholly-owned subsidiary of the Manager, is the distributor of the fund’s shares, which are sold to the public without a sales charge.

It is the fund’s policy to maintain a continuous net asset value per share of $1.00; the fund has adopted certain investment, portfolio valuation and dividend and distribution policies to enable it to do so.There is no assurance, however, that the fund will be able to maintain a stable net asset value per share of $1.00.

The fund’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The fund enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown.The fund does not anticipate recognizing any loss related to these arrangements.

(a) Portfolio valuation: Investments in securities are valued at amortized cost in accordance with Rule 2a-7 of the Act, which has been determined by the Board of Directors to represent the fair value of the fund’s investments.

The Fund 23

NOTES TO FINANCIAL STATEMENTS (continued)

The Financial Accounting Standards Board (“FASB”) released Statement of Financial Accounting Standards No. 157 “Fair Value Measurements” (“FAS 157”). FAS 157 establishes an authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair-value measurements. The application of FAS 157 is required for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. Management does not believe that the application of this standard will have a material impact on the financial statements of the fund.

(b) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Interest income, adjusted for accretion of discount and amortization of premium on investments, is earned from settlement date and recognized on the accrual basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Cost of investments represents amortized cost.

The fund has an arrangement with the custodian bank whereby the fund receives earnings credits from the custodian when positive cash balances are maintained, which are used to offset custody fees. For financial reporting purposes, the fund includes net earnings credits as an expense offset in the Statement of Operations.

The fund follows an investment policy of investing primarily in municipal obligations of one state. Economic changes affecting the state and certain of its public bodies and municipalities may affect the ability of issuers within the state to pay interest on, or repay principal of, municipal obligations held by the fund.

(c) Dividends to shareholders: It is the policy of the fund to declare dividends daily from investment income-net. Such dividends are paid monthly. Dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”).To the extent that net realized capital gains can be offset by capital loss carryovers, if any, it is the policy of the fund not to distribute such gains.

24

(d) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, which can distribute tax exempt dividends, by complying with the applicable provisions of the Code, and to make distributions of income and net realized capital gain sufficient to relieve it from substantially all federal income and excise taxes.

The FASB released FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (FIN 48). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in the course of preparing the fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax benefit or expense in the current year.Adoption of FIN 48 is required for fiscal years beginning after December 15, 2006 and is to be applied to all open tax years as of the effective date. Management does not believe that the application of this standard will have a material impact on the financial statements of the fund.

At November 30, 2007, the components of accumulated earnings on a tax basis were substantially the same as for financial reporting purposes.

The tax characters of distributions paid to shareholders during the fiscal periods ended November 30, 2007 and November 30, 2006, were all tax exempt income.

During the period ended November 30, 2007, as a result of permanent book to tax differences, primarily due to dividend reclassification, the fund increased accumulated undistributed investment income-net by $7,570 and decreased accumulated net realized gain (loss) on investments by the same amount. Net assets and net asset value were not affected by this reclassification.

At November 30, 2007, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

The Fund 25

NOTES TO FINANCIAL STATEMENTS (continued)

NOTE 2—Management Fee and Other Transactions with Affiliates:

(a) Pursuant to a management agreement with the Manager, the management fee is computed at the annual rate of .50% of the value of the fund’s average daily net assets and is payable monthly.

(b) Under the Shareholder Services Plan, the fund reimburses the Distributor, an amount not to exceed an annual rate of .25% of the value of the fund’s average daily net assets for certain allocated expenses of providing personal services and/or maintaining shareholder accounts. The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding the fund and providing reports and other information, and services related to the maintenance of shareholder accounts. During the period ended November 30, 2007, the fund was charged $158,531 pursuant to the Shareholder Services Plan.

The fund compensates Dreyfus Transfer, Inc., a wholly-owned subsidiary of the Manager, under a transfer agency agreement, for providing personnel and facilities to perform transfer agency services for the fund. During the period ended November 30, 2007, the fund was charged $86,951 pursuant to the transfer agency agreement.

Effective July 1 2007, the fund’s custodian, The Bank of New York, became an affiliate of the Manager. Under the fund’s pre-existing custody agreement with The Bank of New York, the fund was charged $12,677 for providing custodial services for the fund for the five months ended November 30, 2007. Prior to becoming an affiliate,The Bank of New York was paid $30,128 for custody services to the fund for the seven months ended June 30, 2007.

During the period ended November 30, 2007, the fund was charged $4,740 for services performed by the Chief Compliance Officer.

26

The components of “Due to The Dreyfus Corporation and affiliates” in the Statement of Assets and Liabilities consist of: management fees $187,714, chief compliance officer fees $3,214 and transfer agency per account fees $14,400.

(c) Each Board member also serves as a Board member of other funds within the Dreyfus complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

The Fund 27

REPORT OF INDEPENDENT REGISTERED 
PUBLIC ACCOUNTING FIRM 

Shareholders and Board of Directors

Dreyfus New Jersey Municipal Money Market Fund, Inc.

We have audited the accompanying statement of assets and liabilities of Dreyfus New Jersey Municipal Money Market Fund, Inc., including the statement of investments, as of November 30, 2007, and the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended, and financial highlights for each of the periods indicated therein.These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.We were not engaged to perform an audit of the Fund’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of November 30, 2007 by correspondence with the custodian and others.We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of Dreyfus New Jersey Municipal Money Market Fund, Inc. at November 30,2007,the results of its operations for the year then ended,the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated periods, in conformity with U.S. generally accepted accounting principles.

28

IMPORTANT TAX INFORMATION (Unaudited)

In accordance with federal tax law, the fund hereby designates all the dividends paid from investment income-net during the fiscal period ended November 30, 2007 as “exempt-interest dividends” (not subject to regular federal and, for individuals who are New Jersey residents, New Jersey personal income taxes), except $3,232 of the exempt-interest dividends that is being designated as a long term capital gain distribution for reporting purposes. As required by federal tax law rules, shareholders will receive notification of their portion of the fund’s exempt-interest dividends paid for the 2007 calendar year on Form 1099-INT, which will be mailed by January 31, 2008.

The Fund 29

INFORMATION ABOUT THE REVIEW AND APPROVAL 
OF THE FUND’S MANAGEMENT AGREEMENT (Unaudited) 

At a meeting of the fund’s Board of Directors held on October 29, 2007 and October 30, 2007, the Board considered the re-approval for an annual period of the fund’s Management Agreement, pursuant to which the Manager provides the fund with investment advisory and administrative services.The Board members, none of whom are “interested persons” (as defined in the Investment Company Act of 1940, as amended) of the fund, were assisted in their review by independent legal counsel and met with counsel in executive session separate from representatives of the Manager.

Analysis of Nature, Extent, and Quality of Services Provided to the Fund. The Board members received a presentation from representatives of the Manager regarding services provided to the fund and other funds in the Dreyfus fund complex, and discussed the nature, extent, and quality of the services provided to the fund pursuant to its Management Agreement.The Manager’s representatives reviewed the fund’s distribution of accounts and the relationships the Manager has with various intermediaries and the different needs of each. The Manager’s representatives noted the diversity of distribution of the fund as well as among the funds in the Dreyfus fund complex, and the Manager’s corresponding need for broad, deep, and diverse resources to be able to provide ongoing shareholder services to each of the fund’s distribution channels. The Board also reviewed the number of shareholder accounts in the fund, as well as the fund’s asset size.

The Board members also considered the Manager’s research and portfolio management capabilities and that the Manager also provides oversight of day-to-day fund operations, including fund accounting and administration and assistance in meeting legal and regulatory requirements.The Board members also considered the Manager’s extensive administrative, accounting, and compliance infrastructure.

Comparative Analysis of the Fund’s Management Fee and Expense Ratio and Performance. The Board members reviewed reports prepared by Lipper, Inc., an independent provider of investment company data, which included information comparing the fund’s management fee and expense ratio with a group of comparable funds (the “Expense Group”) and with a broader group of funds (the “Expense Universe”) that were

30

selected by Lipper. Included in these reports were comparisons of contractual and actual management fee rates and total operating expenses.

The Board members also reviewed the reports prepared by Lipper that presented the fund’s performance as well as comparisons of total return performance among the same group of funds as the Expense Group (the “Performance Group”) and to a group of funds that was broader than the Expense Universe (the “Performance Universe”) that also was selected by Lipper, all for various periods ended September 30, 2007. The Manager previously had furnished the Board with a description of the methodology Lipper used to select the fund’s Expense Group and Expense Universe, and Performance Group and Performance Universe.

The Board reviewed the results of the Expense Group and Expense Universe comparisons that were prepared based on financial statements currently available to Lipper as of September 30, 2007. The Board reviewed the range of management fees and expense ratios of the funds in the Expense Group and Expense Universe, and noted that the fund’s contractual and actual management fees were higher than the respective Expense Group and Expense Universe median. The Board also noted that the fund’s total expense ratio was lower than the Expense Group and Expense Universe medians.

With respect to the fund’s performance, the Board noted that the fund achieve first quintile (the first quintile being the highest performance ranking group) total return rankings in the Performance Group for each reported time period up to 5 years (and at the Performance Group median for the 10-year period).The Board further noted that the fund achieve total return results at, or higher than, the Performance Universe median for each reported time period up to 5 years (and lower than the Performance Group median for the 10-year period).

Representatives of the Manager reviewed with the Board members the fee paid to the Manager or its affiliates by the one mutual fund managed by the Manager or its affiliates that was reported in the same Lipper category as the fund (the “Similar Fund”), and explained the nature of the Similar Fund and any differences, from the Manager’s perspective, in providing services to the Similar Fund as compared to the fund. The

The Fund 31

INFORMATION ABOUT THE REVIEW AND APPROVAL 
OF THE FUND’S MANAGEMENT AGREEMENT (Unaudited) (Continued) 

Manager’s representatives also reviewed the costs associated with distribution through intermediaries.The Board analyzed differences in fees paid to the Manager and discussed the relationship of the management fees paid in light of the services provided.The Board members considered the relevance of the fee information provided for the Similar Fund to evaluate the appropriateness and reasonableness of the fund’s management fee. The Board noted that the Similar Fund paid the same contractual management fee rate as the fund. Representatives of the Manager noted that there were no similarly managed institutional separate accounts or wrap fee accounts managed by the Manager or its affiliates with similar investment objectives, policies, and strategies as the fund.

Analysis of Profitability and Economies of Scale.The Manager’s representatives reviewed the dollar amount of expenses allocated and profit received by the Manager and the method used to determine such expenses and profit.The Board members considered information, previously provided and discussed, prepared by an independent consulting firm regarding the Manager’s approach to allocating costs to, and determining the profitability of, individual funds and the entire Dreyfus mutual fund complex. The Board members also considered that the methodology had also been reviewed by an independent registered public accounting firm which, like the consultant, found the methodology to be reasonable.The consulting firm also analyzed where any economies of scale might emerge in connection with the management of the fund.The Board members evaluated the profitability analysis in light of the relevant circumstances for the fund, including the change in the fund’s asset size from the prior year, and the extent to which economies of scale would be realized if the fund grows and whether fee levels reflect these economies of scale for the benefit of fund shareholders.The Board members also considered potential benefits to the Manager from acting as investment adviser to the fund and noted that there were no soft dollar arrangements in effect with respect to trading the fund’s portfolio.

It was noted that the Board members should consider the Manager’s profitability with respect to the fund as part of their evaluation of whether the fees under the Management Agreement bear a reasonable relationship to the mix of services provided by the Manager, including

32

the nature, extent, and quality of such services and that a discussion of economies of scale is predicated on increasing assets and that, if a fund’s assets had been decreasing, the possibility that the Manager may have realized any economies of scale would be less. It was noted that the profitability percentage for managing the fund was within the range determined by appropriate court cases to be reasonable given the services rendered and that the profitability percentage for managing the fund was reasonable given the generally superior service levels provided.

At the conclusion of these discussions, the Board agreed that it had been furnished with sufficient information to make an informed business decision with respect to continuation of the fund’s Management Agreement. Based on the discussions and considerations as described above, the Board reached the following conclusions and determinations.

  • The Board concluded that the nature, extent, and quality of the ser- vices provided by the Manager are adequate and appropriate.
  • The Board was satisfied with the fund’s overall performance.
  • The Board concluded that the fee paid to the Manager by the fund was reasonable in light of the services provided, comparative perfor- mance and expense and management fee information, costs of the services provided, and profits to be realized and benefits derived or to be derived by the Manager from its relationship with the fund.
  • The Board determined that the economies of scale which may accrue to the Manager and its affiliates in connection with the management of the fund had been adequately considered by the Manager in con- nection with the management fee rate charged to the fund, and that, to the extent in the future it were to be determined that material economies of scale had not been shared with the fund, the Board would seek to have those economies of scale shared with the fund.

The Board members considered these conclusions and determinations, along with the information received on a routine and regular basis throughout the year, and, without any one factor being dispositive, the Board determined that re-approval of the fund’s Management Agreement was in the best interests of the fund and its shareholders.

The Fund 33

BOARD MEMBERS INFORMATION (Unaudited)

Joseph S. DiMartino (64) 
Chairman of the Board (1995) 

Principal Occupation During Past 5 Years: 
• Corporate Director and Trustee 
Other Board Memberships and Affiliations: 
• The Muscular Dystrophy Association, Director 
• Century Business Services, Inc., a provider of outsourcing functions for small and medium size 
companies, Director 
• The Newark Group, a provider of a national market of paper recovery facilities, paperboard 
mills and paperboard converting plants, Director 
• Sunair Services Corporation, a provider of certain outdoor-related services to homes and 
businesses, Director 
No. of Portfolios for which Board Member Serves: 164 

David W. Burke (71) 
Board Member (1994) 

Principal Occupation During Past 5 Years: 
• Corporate Director and Trustee. 
Other Board Memberships and Affiliations: 
• John F. Kennedy Library Foundation, Director 
No. of Portfolios for which Board Member Serves: 86 

William Hodding Carter III (72) 
Board Member (2006) 

Principal Occupation During Past 5 Years: 
• Professor of Leadership & Public Policy, University of North Carolina, Chapel Hill 
(January 1, 2006-present) 
• President and Chief Executive Officer of the John S. and James L. Knight Foundation 
(February 1, 1998-February 1, 2006) 
Other Board Memberships and Affiliations: 
• The Century Foundation, Emeritus Director 
• The Enterprise Corporation of the Delta, Director 
No. of Portfolios for which Board Member Serves: 27 

Gordon J. Davis (66) 
Board Member (1995) 

Principal Occupation During Past 5 Years: 
• Partner in the law firm of Dewey and LeBoeuf, LLP 
• President, Lincoln Center for the Performing Arts, Inc. (2001) 
Other Board Memberships and Affiliations: 
• Consolidated Edison, Inc., a utility company, Director 
• Phoenix Companies, Inc., a life insurance company, Director 
• Board Member/Trustee for several not-for-profit groups 
No. of Portfolios for which Board Member Serves: 37 

34

Joni Evans (65) 
Board Member (1990) 
Principal Occupation During Past 5 Years: 
• Principal, Joni Evans Ltd. 
• Senior Vice President of the William Morris Agency (2005) 
No. of Portfolios for which Board Member Serves: 27 

Ehud Houminer (67) 
Board Member (2006) 
Principal Occupation During Past 5 Years: 
• Executive-in-Residence at the Columbia Business School, Columbia University 
Other Board Memberships and Affiliations: 
• Avnet Inc., an electronics distributor, Director 
• International Advisory Board to the MBA Program School of Management, Ben Gurion 
University, Chairman 
No. of Portfolios for which Board Member Serves: 67 

Richard C. Leone (67) 
Board Member (2006) 
Principal Occupation During Past 5 Years: 
• President of The Century Foundation (formerly,The Twentieth Century Fund, Inc.), a tax 
exempt research foundation engaged in the study of economic, foreign policy and domestic issues 
Other Board Memberships and Affiliations: 
• The American Prospect, Director 
• Center for American Progress, Director 
No. of Portfolios for which Board Member Serves: 27 

Hans C. Mautner (70) 
Board Member (2006) 
Principal Occupation During Past 5 Years: 
• President—International Division and an Advisory Director of Simon Property Group, a real 
estate investment company (1998-present) 
• Director and Vice Chairman of Simon Property Group (1998-2003) 
• Chairman and Chief Executive Officer of Simon Global Limited (1999-present) 
Other Board Memberships and Affiliations: 
• Capital and Regional PLC, a British co-investing real estate asset manager, Director 
• Member - Board of Managers of: 
Mezzacappa Long/Short Fund LLC 
Mezzacappa Partners LLC 
No. of Portfolios for which Board Member Serves: 27 

The Fund 35

BOARD MEMBERS INFORMATION (Unaudited) (continued)

Robin A. Melvin (44) 
Board Member (2006) 
Principal Occupation During Past 5 Years: 
• Director, Boisi Family Foundation, a private family foundation that supports youth-serving 
organizations that promote the self sufficiency of youth from disadvantaged circumstances 
No. of Portfolios for which Board Member Serves: 27 

——————— 
Burton N. Wallack (57) 
Board Member (1991) 
Principal Occupation During Past 5 Years: 
• President and co-owner of Wallack Management Company, a real estate management company 
No. of Portfolios for which Board Member Serves: 27 

John E. Zuccotti (70) 
Board Member (2006) 
Principal Occupation During Past 5 Years: 
• Chairman of Brookfield Financial Properties, Inc. 
• Senior Counsel of Weil, Gotshal & Manges, LLP 
• Chairman of the Real Estate Board of New York 
Other Board Memberships and Affiliations: 
• Emigrant Savings Bank, Director 
• Wellpoint, Inc., Director 
• Visiting Nurse Service of New York, Director 
• Columbia University,Trustee 
• Doris Duke Charitable Foundation,Trustee 
No. of Portfolios for which Board Member Serves: 27 

Once elected all Board Members serve for an indefinite term, but achieve Emeritus status upon reaching age 80.The 
address of the Board Members and Officers is in c/o The Dreyfus Corporation, 200 Park Avenue, New York, New York 
10166. Additional information about the Board Members is available in the fund’s Statement of Additional Information 
which can be obtained from Dreyfus free of charge by calling this toll free number: 1-800-554-4611. 
Arnold S. Hiatt, Emeritus Board Member 

36

OFFICERS OF THE FUND (Unaudited)

J. DAVID OFFICER, President since 
December 2006. 

Chief Operating Officer,Vice Chairman and a Director of the Manager, and an officer of 81 investment companies (comprised of 163 portfolios) managed by the Manager. He is 59 years old and has been an employee of the Manager since April 1998.

PHILLIP N. MAISANO, Executive Vice 
President since July 2007. 

Chief Investment Officer,Vice Chair and a director of the Manager, and an officer of 81 investment companies (comprised of 163 portfolios) managed by the Manager. Mr. Maisano also is an officer and/or Board member of certain other investment management subsidiaries of The Bank of New York Mellon Corporation, each of which is an affiliate of the Manager. He is 60 years old and has been an employee of the Manager since November 2006. Prior to joining the Manager, Mr. Maisano served as Chairman and Chief Executive Officer of EACM Advisors, an affiliate of the Manager, since August 2004, and served as Chief Executive Officer of Evaluation Associates, a leading institutional investment consulting firm, from 1988 until 2004.

MICHAEL A. ROSENBERG, Vice President 
and Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 47 years old and has been an employee of the Manager since October 1991.

JAMES BITETTO, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel and Secretary of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 41 years old and has been an employee of the Manager since December 1996.

JONI LACKS CHARATAN, Vice President 
and Assistant Secretary since 
August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. She is 52 years old and has been an employee of the Manager since October 1988.

JOSEPH M. CHIOFFI, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 46 years old and has been an employee of the Manager since June 2000.

JANETTE E. FARRAGHER, Vice President 
and Assistant Secretary since 
August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. She is 44 years old and has been an employee of the Manager since February 1984.

JOHN B. HAMMALIAN, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 44 years old and has been an employee of the Manager since February 1991.

ROBERT R. MULLERY, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 55 years old and has been an employee of the Manager since May 1986.

The Fund 37

OFFICERS OF THE FUND (Unaudited) (continued)

JEFF PRUSNOFSKY, Vice President and 
Assistant Secretary since August 2005. 

Associate General Counsel of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 42 years old and has been an employee of the Manager since October 1990.

JAMES WINDELS, Treasurer since 
November 2001. 

Director – Mutual Fund Accounting of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 49 years old and has been an employee of the Manager since April 1985.

ROBERT ROBOL, Assistant Treasurer 
since August 2003. 

Senior Accounting Manager – Money Market and Municipal Bond Funds of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 43 years old and has been an employee of the Manager since October 1988.

ROBERT SALVIOLO, Assistant Treasurer 
since May 2007. 

Senior Accounting Manager – Equity Funds of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 40 years old and has been an employee of the Manager since June 1989.

ROBERT SVAGNA, Assistant Treasurer 
since August 2005. 

Senior Accounting Manager – Equity Funds of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 40 years old and has been an employee of the Manager since November 1990.

GAVIN C. REILLY, Assistant Treasurer 
since December 2005. 

Tax Manager of the Investment Accounting and Support Department of the Manager, and an officer of 82 investment companies (comprised of 180 portfolios) managed by the Manager. He is 39 years old and has been an employee of the Manager since April 1991.

JOSEPH W. CONNOLLY, Chief Compliance 
Officer since October 2004. 

Chief Compliance Officer of the Manager and The Dreyfus Family of Funds (82 investment companies, comprised of 180 portfolios). From November 2001 through March 2004, Mr. Connolly was first Vice-President, Mutual Fund Servicing for Mellon Global Securities Services. In that capacity, Mr. Connolly was responsible for managing Mellon’s Custody, Fund Accounting and Fund Administration services to third-party mutual fund clients. He is 50 years old and has served in various capacities with the Manager since 1980, including manager of the firm’s Fund Accounting Department from 1997 through October 2001.

WILLIAM GERMENIS, Anti-Money 
Laundering Compliance Officer since 
October 2002. 

Vice President and Anti-Money Laundering Compliance Officer of the Distributor, and the Anti-Money Laundering Compliance Officer of 78 investment companies (comprised of 176 portfolios) managed by the Manager. He is 37 years old and has been an employee of the Distributor since October 1998.

38

NOTES

Item 2. Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. There have been no amendments to, or waivers in connection with, the Code of Ethics during the period covered by this Report.

Item 3. Audit Committee Financial Expert.

The Registrant's Board has determined that Joseph S. DiMartino, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange Commission (the "SEC"). Joseph S. DiMartino is "independent" as defined by the SEC for purposes of audit committee financial expert determinations.

Item 4. Principal Accountant Fees and Services.

(a) Audit Fees. The aggregate fees billed for each of the last two fiscal years (the "Reporting Periods") for professional services rendered by the Registrant's principal accountant (the "Auditor") for the audit of the Registrant's annual financial statements, or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $34,100 in 2006 and $34,100 in 2007.

(b) Audit-Related Fees. The aggregate fees billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $0 in 2006 and $0 in 2007.

The aggregate fees billed in the Reporting Periods for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Registrant ("Service Affiliates"), that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit Committee were $0 in 2006 and $0 in 2007.

Note: For the second paragraph in each of (b) through (d) of this Item 4, certain of such services were not pre-approved prior to May 6, 2003, when such services were required to be pre-approved. On and after May 6, 2003, 100% of all services provided by the Auditor were pre-approved as required. For comparative purposes, the fees shown assume that all such services were pre-approved, including services that were not pre-approved prior to the compliance date of the pre-approval requirement.

(c) Tax Fees. The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice and tax planning ("Tax Services") were $3,347 in 2006 and $2,541 in 2007. These services consisted of (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative developments, (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments held or proposed to be acquired or held.

The aggregate fees billed in the Reporting Periods for Tax Services by the Auditor to Service Affiliates which required pre-approval by the Audit Committee were $0 in 2006 and $0 in 2007.

(d) All Other Fees. The aggregate fees billed in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through (c) of this Item, were $481 in 2006 and $0 in 2007. These services consisted of a review of the Registrant's anti-money laundering program.

The aggregate fees billed in the Reporting Periods for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item, which required pre-approval by the Audit Committee were $0 in 2006 and $0 in 2007.

Audit Committee Pre-Approval Policies and Procedures. The Registrant's Audit Committee has established policies and procedures (the "Policy") for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates without specific case-by-case consideration. Pre-approval considerations include whether the proposed services are compatible with maintaining the Auditor's independence. Pre-approvals pursuant to the Policy are considered annually.

Non-Audit Fees. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $375,571 in 2006 and $1,890,737 in 2007.

Auditor Independence. The Registrant's Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates which were not pre-approved (not requiring pre-approval) is compatible with maintaining the Auditor's independence.

Item 5.    Audit Committee of Listed Registrants. 
    Not applicable. 
Item 6.    Schedule of Investments. 
    Not applicable. 
Item 7.    Disclosure of Proxy Voting Policies and Procedures for Closed-End Management 
    Investment Companies. 
    Not applicable. 
Item 8.    Portfolio Managers of Closed-End Management Investment Companies. 
    Not applicable. 
Item 9.    Purchases of Equity Securities by Closed-End Management Investment Companies and 
    Affiliated Purchasers. 
    Not applicable. 
Item 10.    Submission of Matters to a Vote of Security Holders. 

The Registrant has a Nominating Committee (the "Committee"), which is responsible for selecting and nominating persons for election or appointment by the Registrant's Board as Board members. The Committee has adopted a Nominating Committee Charter (the "Charter"). Pursuant to the Charter, the

Committee will consider recommendations for nominees from shareholders submitted to the Secretary of the Registrant, c/o The Dreyfus Corporation Legal Department, 200 Park Avenue, 8th Floor East, New York, New York 10166. A nomination submission must include information regarding the recommended nominee as specified in the Charter. This information includes all information relating to a recommended nominee that is required to be disclosed in solicitations or proxy statements for the election of Board members, as well as information sufficient to evaluate the factors to be considered by the Committee, including character and integrity, business and professional experience, and whether the person has the ability to apply sound and independent business judgment and would act in the interests of the Registrant and its shareholders.

Nomination submissions are required to be accompanied by a written consent of the individual to stand for election if nominated by the Board and to serve if elected by the shareholders, and such additional information must be provided regarding the recommended nominee as reasonably requested by the Committee.

Item 11. 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-CSR 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-CSR 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 second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 12. Exhibits.

(a)(1)    Code of ethics referred to in Item 2. 
(a)(2)    Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) 
under the Investment Company Act of 1940. 
(a)(3)    Not applicable. 
(b)    Certification of principal executive and principal financial officers as required by Rule 30a-2(b) 
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 NEW JERSEY MUNICIPAL MONEY MARKET FUND, INC. 
 
By:    /s/ J. David Officer 
    J. David Officer 
    President 
 
Date:    January 24, 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:    January 24, 2008 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    January 24, 2008 

EXHIBIT INDEX

(a)(2) 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) 

(b) Certification of principal executive and principal financial officers as required by Rule 30a- 
2(b) under the Investment Company Act of 1940. (EX-99.906CERT)