N-CSR 1 formncsrs762.htm FORM N-CSR formncsrs762
    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 811-5717 
 
DREYFUS WORLDWIDE DOLLAR 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) 
 
    Mark N. Jacobs, Esq. 
    200 Park Avenue 
    New York, New York 10166 
    (Name and address of agent for service) 
 
Registrant's telephone number, including area code: (212) 922-6000 
 
Date of fiscal year end:    10/31 
 
Date of reporting period:    4/30/06 


        FORM N-CSR 
Item 1.    Reports to Stockholders.     


Save time. Save paper. View your next shareholder report online as soon as it’s available. Log into www.dreyfus.com and sign up for Dreyfus eCommunications. It’s simple and only takes a few minutes.

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    Letter from the Chairman 
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 
10    Statement of Assets and Liabilities 
11    Statement of Operations 
12    Statement of Changes in Net Assets 
13    Financial Highlights 
14    Notes to Financial Statements 
FOR MORE INFORMATION

    Back Cover 


Dreyfus 
Worldwide Dollar 
Money Market Fund, Inc. 

The Fund

LETTER FROM THE CHAIRMAN

Dear Shareholder:

We are pleased to present this semiannual report for Dreyfus Worldwide Dollar Money Market Fund, Inc., covering the six-month period from November 1, 2005, through April 30, 2006.

Since June 2004, the Federal Reserve Board (the “Fed”) has attempted to manage U.S. economic growth and forestall potential inflation by gradually raising short-term interest rates. Recently, Fed Chairman Ben Bernanke suggested that the Fed may soon pause to assess current economic data and evaluate the impact of its credit tightening campaign. In our view, the Fed’s efforts so far have largely been successful: the economy has grown at a moderate pace, the unemployment rate has dropped to multi-year lows, corporate profits have risen, and inflation has remained low despite volatile energy prices.

However, the financial markets are more likely to be influenced not by what the Fed already has accomplished, but by investors’ expectations of what is to come, including the Fed’s decision to increase interest rates further, maintain them at current levels or reduce them to stimulate future growth.We believe that this decision will depend largely on the outlook for core inflation in 2007.The Fed probably can stand pat as long as it expects inflation to remain subdued. But if inflationary pressures build in an expanding economy, the Fed may choose to resume tightening later this year.

For information about how the fund performed, 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

Patricia A. Larkin, Senior Portfolio Manager

How did Dreyfus Worldwide Dollar Money Market Fund, Inc. perform during the period?

For the six-month period ended April 30, 2006, the fund produced an annualized yield of 3.71% and, after taking into account the effects of compounding, an annualized effective yield of 3.78% .1

What is the fund’s investment approach?

The fund seeks as high a level of current income as is consistent with the preservation of capital and the maintenance of liquidity.

To pursue this goal, the fund invests in a diversified portfolio of high-quality, short-term debt securities, including: securities issued or guaranteed by the U.S. government or its agencies or instrumentalities; certificates of deposit, time deposits, bankers’ acceptances and other short-term securities issued by domestic and foreign banks or their subsidiaries or branches; repurchase agreements; asset-backed securities; domestic and dollar-denominated foreign commercial paper; and other short-term corporate obligations, including those with floating or variable rates of interest; and dollar-denominated obligations issued or guaranteed by one or more foreign governments or any of their political subdivisions or agencies. Normally, the fund invests at least 25% of its net assets in domestic or dollar-denominated foreign bank obligations.

What other factors influenced the fund’s performance?

When the reporting period began, the financial markets had already begun to recover from the aftermath of the Gulf Coast hurricanes. Although oil prices had spiked to more than $70 per barrel, the Federal Reserve Board (the “Fed”) defied many analysts’ expectations and, instead of pausing to assess the hurricanes’ damage to the U.S. economy, implemented its eleventh consecutive rate hike since June 2004, increasing the federal funds rate to 3.75% at its September meeting.

The Fund 3


DISCUSSION OF FUND PERFORMANCE (continued)

By the time the Fed next raised interest rates in early November, the move was widely expected, especially after the announcement that U.S. GDP had expanded at a 4.3% annualized rate during the third quarter of 2005. December saw a decline in the unemployment rate to 4.9%, confirming that the U.S. economy remained on solid footing. However, when the Fed raised rates to 4.25% at its December meeting, a change in the language of its accompanying announcement convinced many investors that the credit tightening campaign might be nearing completion.A lower-than-expected GDP growth rate of 1.7% for the fourth quarter of 2005 appeared to lend credence to this view.

Fears of an economic slowdown soon dissipated in January, however, when the unemployment rate slid to 4.7%, a multi-year low.As expected, the Fed raised the federal funds rate to 4.5% at its January meeting, indicating that “some further policy firming may be needed….”

The employment report for February showed a better-than-expected increase of 243,000 workers, helping to alleviate any lingering concerns that the Gulf Coast hurricanes and high energy prices might trigger an economic slowdown. In addition, despite new signs of sustained economic growth, longer-term interest rates remained surprisingly stable, causing the Treasury yield curve to flatten substantially. At times during the first quarter of 2006, the yield curve inverted, a phenomenon that in the past had been considered a harbinger of recession.

By the end of March, however, it had become apparent that fears of a slowdown were overblown, and the inversion of the yield curve was more likely a result of robust demand for U.S.Treasury securities from overseas investors.Accordingly, few investors were surprised when the Fed implemented its fifteenth consecutive increase in the federal funds rate, driving it to 4.75% in late March. Indeed, it later was announced that the initial estimate of annualized first-quarter GDP growth was a robust 4.8% .

The U.S. Treasury securities yield curve began to steepen in April when new economic data suggested that the economy might be stronger than many analysts previously expected. Despite some slow-

4

ing in the housing market, low unemployment, strong consumer confidence and brisk retail sales suggested that the economy continued to grow at a relatively brisk pace.

In this environment, most investors have focused primarily on securities at the shorter-end of the money market maturity spectrum. We have maintained a similar strategy, generally keeping the fund’s weighted average maturity shorter than industry averages.

What is the fund’s current strategy?

On May 10, after the close of the reporting period, the Fed raised the federal funds rate to 5% and indicated that economic growth was expected to moderate to a more sustainable pace. In addition, several members of the Federal Open Market Committee have indicated that they feel monetary policy is now in the neutral range, and further changes in interest rates are likely to depend on prevailing economic data.A substantial slowdown in economic growth could preclude further rate increases, but additional gains in global commodity prices might make the Fed more inclined to tighten more aggressively to forestall inflationary pressures. Accordingly, while we have maintained the fund’s relatively short weighted average maturity, we are prepared to adjust our strategy when we become convinced that short-term interest rates have peaked.

May 15, 2006
    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    Annualized effective yield is based upon dividends declared daily and reinvested monthly. Past 
    performance is no guarantee of future results.Yields fluctuate.Yield provided reflects the absorption 
    of certain fund expenses by The Dreyfus Corporation pursuant to an undertaking in effect that 
    may be extended, terminated or modified at any time. Had these expenses not been absorbed, the 
    fund’s annualized yield and annualized effective yield would have been 3.63% and 3.70%, 
    respectively. 

The Fund 5


U N D E R S TA N D I N G YO U R F U N D ’ S E X P E N S E S ( U n a u d i t e d )

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 Worldwide Dollar Money Market Fund, Inc. from November 1, 2005 to April 30, 2006. 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 April 30, 2006

Expenses paid per $1,000     $ 3.75 
Ending value (after expenses)    $1,018.40 

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 April 30, 2006

Expenses paid per $1,000     $ 3.76 
Ending value (after expenses)    $1,021.08 

Expenses are equal to the fund’s annualized expense ratio of .75%, multiplied by the average account value over the 
period, multiplied by 181/365 (to reflect the one-half year period). 

6

STATEMENT OF INVESTMENTS
April 30, 2006 (Unaudited)
    Principal     
Negotiable Bank Certificates of Deposit—14.7%    Amount ($)    Value ($) 



Bank of America N.A.         
4.82%, 3/21/07    30,000,000 a    30,000,000 
Depfa Bank PLC (Yankee)         
4.81%, 5/11/06    16,000,000 b    16,000,000 
Societe Generale (Yankee)         
4.80%, 5/11/06    30,000,000    30,000,000 
Svenska Handelsbanken (Yankee)         
4.80%, 5/11/06    30,000,000    30,000,000 
Total Negotiable Bank Certificates Of Deposit         
(cost $106,000,000)        106,000,000 



 
Commercial Paper—67.9%         



Amsterdam Funding Corp.         
4.78%, 5/4/06    25,000,000 b    24,990,083 
Beta Finance Inc.         
4.63%, 7/6/06    30,000,000 b    29,751,400 
BNP Paribas Finance Inc.         
4.80%, 5/1/06    30,000,000    30,000,000 
CBA (Delaware) Finance Inc.         
4.90%, 6/23/06    10,000,000    9,928,745 
Credit Suisse (USA) Inc.         
4.62%, 7/5/06    7,000,000    6,942,936 
Cullinan Finance Ltd.         
4.91%, 6/22/06    30,000,000 b    29,789,833 
Deutsche Bank Financial LLC         
4.82%, 5/1/06    30,000,000    30,000,000 
Falcon Asset Securitization Corp.         
4.79%, 5/3/06    10,192,000 b    10,189,299 
FCAR Owner Trust, Ser. II         
4.91%, 6/22/06    30,000,000    29,789,833 
Gemini Securitization Corp., LLC         
4.79%, 5/8/06    10,000,000 b    9,990,725 
Grampian Funding Ltd.         
4.73%, 7/3/06    30,000,000 b    29,756,400 

The Fund 7


STATEMENT OF INVESTMENTS (Unaudited) (continued)

    Principal     
Commercial Paper (continued)    Amount ($)    Value ($) 



Intesa Funding LLC         
4.78%, 5/4/06    30,000,000    29,988,100 
Northern Rock PLC         
4.78%, 5/5/06    30,000,000    29,984,133 
Prudential Funding LLC         
4.83%, 5/1/06    30,000,000    30,000,000 
Santander Central Hispano Finance (Delaware) Inc.     
4.91%, 6/23/06    30,000,000    29,785,792 
Sigma Finance Inc.         
4.62%, 6/20/06    23,300,000 b    23,153,728 
Skandinaviska Enskilda Banken AB         
4.78%, 5/5/06    20,133,000    20,122,352 
Thunder Bay Funding LLC         
4.80%, 5/10/06    24,277,000 b    24,247,989 
Toyota Motor Credit Corp.         
4.79%, 5/9/06    30,000,000 b    29,968,200 
UBS Finance Delaware LLC         
4.82%, 5/1/06    30,000,000    30,000,000 
Total Commercial Paper         
(cost $488,379,548)        488,379,548 



 
Corporate Note—4.2%         



Westpac Banking Corp.         
4.87%, 5/16/06         
(cost $30,000,000)    30,000,000 a    30,000,000 



 
Time Deposits—13.1%         



Branch Banking & Trust Co. (Grand Cayman)     
4.80%, 5/1/06    30,000,000    30,000,000 
Manufacturers & Traders         
Trust Company (Grand Cayman)         
4.82%, 5/1/06    30,000,000    30,000,000 

8

            Principal     
Time Deposits (continued)        Amount ($)    Value ($) 




State Street Bank and Trust Co.,             
Boston, MA (Grand Cayman)             
4.83%, 5/1/06        33,910,000    33,910,000 
Total Time Deposits             
(cost $93,910,000)            93,910,000 




 
Total Investments (cost $718,289,548)    99.9%    718,289,548 
 
Cash and Receivables (Net)        .1%    824,226 
 
Net Assets        100.0%    719,113,774 
 
a    Variable rate security—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 April 30, 2006, these securities 
    amounted to $227,837,657 or 31.7% of net assets.     



 
 
 
 
Portfolio Summary (Unaudited)          
 
        Value (%)        Value (%) 





Banking    61.4    Insurance    4.2 
Asset-Backed/Structured        Asset-Backed/Securities     
Investment Vehicles    11.5    Arbitrage Vehicles    4.1 
Asset-Backed/Multi-Seller Programs    6.2    Asset-Backed/Single Seller    4.1 
Building & Construction    4.2         
Finance    4.2        99.9 
 
    Based on net assets.             
See notes to financial statements.             

The Fund 9


STATEMENT OF ASSETS AND LIABILITIES

April 30, 2006 (Unaudited)

    Cost    Value 



Assets ($):         
Investments in securities—See Statement of Investments    718,289,548    718,289,548 
Cash        1,558,388 
Interest receivable        559,069 
Prepaid expenses        58,310 
        720,465,315 



Liabilities ($):         
Due to The Dreyfus Corporation and affiliates—Note 2(b)        347,777 
Payable for shares of Common Stock redeemed        792,202 
Accrued expenses        211,562 
        1,351,541 



Net Assets ($)        719,113,774 



Composition of Net Assets ($):         
Paid-in capital        718,952,882 
Accumulated undistributed net investment income—net        161,227 
Accumulated net realized gain (loss) on investments        (335) 



Net Assets ($)        719,113,774 



Shares Outstanding         
(25 billion shares of $.001 par value Capital Stock authorized)    718,952,882 
Net Asset Value, offering and redemption price per share ($)    1.00 

See notes to financial statements.
10

STATEMENT OF OPERATIONS
Six Months Ended April 30, 2006 (Unaudited)
Investment Income ($):     
Interest Income    16,272,511 
Expenses:     
Management fee—Note 2(a)    1,821,313 
Shareholder servicing costs—Note 2(b)    1,058,047 
Custodian fees    47,309 
Professional fees    38,912 
Prospectus and shareholders’ reports    33,988 
Registration fees    22,774 
Directors’ fees and expenses—Note 2(c)    8,731 
Miscellaneous    10,496 
Total Expenses    3,041,570 
Less—reduction in management fee     
due to undertaking—Note 2(a)    (309,601) 
Less—reduction in custody fees due to     
earnings credits—Note 1(b)    (1,588) 
Net Expenses    2,730,381 
Investment Income—Net, representing net     
increase in net assets resulting from operations    13,542,130 

See notes to financial statements.

The Fund 11


STATEMENT OF CHANGES IN NET ASSETS

    Six Months Ended     
    April 30, 2006    Year Ended 
    (Unaudited)    October 31, 2005 



Operations ($):         
Investment Income—Net, representing net         
increase in net assets resulting from operations    13,542,130    16,497,150 



Dividends to Shareholders from ($):         
Investment income—net    (13,380,903)    (16,546,383) 



Capital Stock Transactions ($1.00 per share):         
Net proceeds from shares sold    238,829,112    467,643,208 
Dividends reinvested    12,963,354    15,998,810 
Cost of shares redeemed    (272,804,925)    (594,646,587) 
Increase (Decrease) in Net Assets         
from Capital Stock Transactions    (21,012,459)    (111,004,569) 
Total Increase (Decrease) in Net Assets    (20,851,232)    (111,053,802) 



Net Assets ($):         
Beginning of Period    739,965,006    851,018,808 
End of Period    719,113,774    739,965,006 
Undistributed investment income—net    161,227     

See notes to financial statements.
12

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.

Six Months Ended                     
    April 30, 2006        Year Ended October 31,     



    (Unaudited)    2005    2004    2003    2002    2001 







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    .018    .021    .005    .006    .016    .044 
Distributions:                         
Dividends from                         
investment income—net    (.018)    (.021)    (.005)    (.006)    (.016)    (.044) 
Net asset value,                         
end of period    1.00    1.00    1.00    1.00    1.00    1.00 







Total Return (%)    3.71a    2.14    .50    .62    1.62    4.51 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    .83a    .84    .85    .82    .82    .81 
Ratio of net expenses                         
to average net assets    .75a    .75    .75    .75    .75    .75 
Ratio of net investment                         
income to average                         
net assets    3.72a    2.08    .49    .62    1.63    4.43 







Net Assets, end of period                         
($ x 1,000)    719,114    739,965    851,019    967,440    1,147,581    1,348,064 
 
a Annualized.                         
See notes to financial statements.                     

The Fund 13


NOTES TO FINANCIAL STATEMENTS (Unaudited)

NOTE 1—Significant Accounting Policies:

Dreyfus Worldwide Dollar Money Market Fund, Inc. (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”),as a diversified open-end management investment company. The fund’s investment objective is to provide investors with as high a level of current income 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. The Manager is a wholly-owned subsidiary of Mellon Bank, N.A., which is a wholly-owned subsidiary of the Mellon Financial Corporation. Dreyfus Service 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.

14

(b) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gain and loss from securities transactions are recorded on the identified cost 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. 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 may enter into repurchase agreements with financial institutions, deemed to be creditworthy by the Manager, subject to the seller’s agreement to repurchase and the fund’s agreement to resell such securities at a mutually agreed upon price. Securities purchased subject to repurchase agreements are deposited with the fund’s custodian and, pursuant to the terms of the repurchase agreement, must have an aggregate market value greater than or equal to the repurchase price plus accrued interest at all times. If the value of the underlying securities falls below the value of the repurchase price plus accrued interest, the fund will require the seller to deposit additional collateral by the next business day. If the request for additional collateral is not met, or the seller defaults on its repurchase obligation, the fund maintains the right to sell the underlying securities at market value and may claim any resulting loss against the seller.

(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 gain, 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 Fund 15


NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

the Internal Revenue Code of 1986, as amended (the “Code”).To the extent that net realized capital gain can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gain.

On May 1, 2006, the fund declared a cash dividend of approximately $.0001 per share from undistributed investment income-net which includes investment income-net for Saturday April 29, 2006 and Sunday April 30, 2006.

(d) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income sufficient to relieve it from substantially all federal income and excise taxes.

The fund has an unused capital loss carryover of $335 available for federal income tax purposes to be applied against future net securities profits, if any, realized subsequent to October 31, 2005. If not applied, $208 of the carryover expires in fiscal 2008 and $127 expires in fiscal 2011.

The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2005 were all ordinary income.The tax character of current year distributions will be determined at the end of the current fiscal year.

At April 30, 2006, 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).

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.The Manager had undertaken from November 1, 2005 through April 30, 2006 to reduce the management fee paid by the fund, if the fund’s aggregate expenses,

16

exclusive of taxes, brokerage fees, interest on borrowings and extraordinary expenses, exceed an annual rate of .75% of the value of the fund’s average daily net assets.The reduction in management fee, pursuant to the undertaking, amounted to $309,601 during the period ended April 30, 2006.

(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 April 30, 2006, the fund was charged $604,646 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 April 30, 2006, the fund was charged $362,069 pursuant to the transfer agency agreement.

During the period ended April 30, 2006, the fund was charged $1,926 for services performed by the Chief Compliance Officer.

The components of Due to the Dreyfus Corporation and affiliates consist of: management fees $298,327, chief compliance officer fees $1,284, shareholder services plan fees $27,000 and transfer agency per account fees $127,663, which are offset against an expense reimbursement currently in effect in the amount of $106,497.

(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 17


For    More    Information 




Dreyfus Worldwide Dollar 
Money Market Fund, Inc. 
200 Park Avenue 
New York, NY 10166 
 
Manager 
The Dreyfus Corporation 
200 Park Avenue 
New York, NY 10166 
 
Custodian 
The Bank of New York 
One Wall Street 
New York, NY 10286 

Transfer Agent & 
Dividend Disbursing Agent 
Dreyfus Transfer, Inc. 
200 Park Avenue 
New York, NY 10166 
 
Distributor 
Dreyfus Service Corporation 
200 Park Avenue 
New York, NY 10166 

Telephone 1-800-645-6561

Mail The Dreyfus Family of Funds, 144 Glenn Curtiss Boulevard, Uniondale, NY 11556-0144 E-mail Send your request to info@dreyfus.com Internet Information can be viewed online or downloaded at: http://www.dreyfus.com

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. The fund's Forms N-Q are available on the SEC’s website at http://www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

Information regarding how the fund voted proxies relating to portfolio securities for the 12-month period ended June 30, 2005, is available on the SEC’s website at http://www.sec.gov and without charge, upon request, by calling 1-800-645-6561.

© 2006 Dreyfus Service Corporation 


Item 2.    Code of Ethics. 
    Not applicable. 
Item 3.    Audit Committee Financial Expert. 
    Not applicable. 
Item 4.    Principal Accountant Fees and Services. 
    Not applicable. 
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.

-2-


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)    Not applicable. 
(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 WORLDWIDE DOLLAR MONEY MARKET FUND

By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
 
Date:    June 30, 2006 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

-3-


By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    Chief Executive Officer 
 
Date:    June 30, 2006 
 
By:    /s/ James Windels 
    James Windels
    Chief Financial Officer 
 
Date:    June 30, 2006 

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)

  -4-