Sub-Item 77O

Dreyfus Premier Investment Funds, Inc.
Dreyfus Global Real Estate Securities Fund

On December 14, 2010, Dreyfus Global Real Estate Securities Fund, a series of Dreyfus Premier Investment Funds, Inc. (the "Fund"), purchased 11,760 shares of common stock issued by HCP, Inc. (CUSIP No.: 40414L109) (the "Common Stock") at a purchase price of $32.00 per share including an underwriting discount of $1.28 per share. The Common Stock was purchased from Citigroup Global Markets, Inc., a member of the underwriting syndicate of which BNY Mellon Capital Markets, an affiliate of the Fund's investment adviser, was also a member. BNY Mellon Capital Markets received no benefit in connection with the transaction. The following is a list of the syndicate's members:

Citigroup Global Markets Inc

J.P. Morgan Securities

Merrill Lynch, Pierce, Fenner & Smith Incorporated 

UBS Securities LLC

Wells Fargo Securities, LLC

Barclays Capital Inc.

Credit Agricole Securities (USA) Inc.

Credit Suisse Securities (USA) LLC

Goldman, Sachs & Co.

KeyBanc Capital Markets Inc.

RBS Securities Inc.

Scotia Capital (USA) Inc.

Deutsche Bank Securities Inc.

Morgan Stanley & Co. Incorporated

BNY Mellon Capital Markets, LLC

Piper Jaffray & Co.

PNC Capital Markets LLC

SunTrust Robinson Humphrey, Inc.

Morgan Keegan & Company, Inc.

Accompanying this statement are materials presented to the Board of Directors of the Fund, which ratified the purchase as in compliance with the Fund’s Rule 10f-3 Procedures, at the Board meeting held on March 3, 2011. These materials include additional information about the terms of the transactions.