UNITED STATES 

SECURITIES AND EXCHANGE COMMISSION 

Washington, D.C. 20549 

FORM N-Q 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT 

INVESTMENT COMPANY 

Investment Company Act file number 811-6606 

Dreyfus BASIC U.S. Government Money Market Fund 

(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:	2/28
Date of reporting period:	5/31/06

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS
Dreyfus Basic U.S. Government Money Market Fund
May 31, 2006 (Unaudited)
	Annualized
	Yield on Date	Principal
U.S. Government Agencies--88.0%	of Purchase (%)	Amount ($)	Value ($)
Federal Farm Credit Bank
6/1/06	5.04	50,000,000 a	50,000,000
9/7/06	5.02	38,420,000 a	38,419,203
1/22/07	5.02	25,000,000 a	24,997,654
Federal Home Loan Bank System
6/9/06	4.78	100,000,000	99,894,667
6/21/06	4.80	40,000,000	39,894,667
7/12/06	4.95	55,774,000	55,462,115
8/25/06	5.06	25,000,000	24,704,861
7/18/07	4.98	25,000,000 a	24,996,645
Federal Home Loan Mortgage Corp.
10/24/06	5.06	75,000,000	73,507,708
Total U.S. Government Agencies
(cost $431,877,520)			431,877,520
Repurchase Agreements--12.1%
ABN AMRO Bank N.V.
dated 5/31/06, due 6/1/06 in the amount of
$20,002,767 (fully collateralized by $2,379,000
Federal Farm Credit Bank, Bonds, 5.15%, due 6/15/15, value
$2,328,440 and $10,243,000 Federal Home Loan Mortgage
Corp., Notes, 5.10%-6.875%, due 11/14/08-9/15/10, value
$10,210,386 and $7,900,000 Federal National Mortgage
Association, Notes, 2.20%, due 12/4/06, value $7,862,054)	4.98	20,000,000	20,000,000
Barclays Financial LLC
dated 5/31/06, due 6/1/06 in the amount of
$19,502,708 (fully collateralized by $5,720,000
Federal Home Loan Bank System, Bonds, 5.04%, due 2/13/09,
value $5,758,210 and $14,377,000 Federal Home Loan
Mortgage Corp., Notes, 0.00%-5.05%, due 10/3/06-1/26/15,
value $14,131,928)	5.00	19,500,000	19,500,000
Morgan Stanley
dated 5/31/06, due 6/1/06 in the amount of
$20,002,789 (fully collateralized by $20,295,000
Federal National Mortgage Association, Notes, 3.25%-7.125%,
due 6/28/06-3/15/07, value $20,695,825)	5.02	20,000,000	20,000,000
Total Repurchase Agreements
(cost $59,500,000)			59,500,000
Total Investments (cost $491,377,520)		100.1%	491,377,520
Liabilities, Less Cash and Receivables		(.1%)	(709,656)
Net Assets		100.0%	490,667,864
a Variable rate security--interest rate subject to periodic change.

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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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 BASIC U.S. Government Money Market Fund

By:	/s/ Stephen E. Canter
	Stephen E. Canter
	President
Date:	July 20, 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.

By:	/s/ Stephen E. Canter
	Stephen E. Canter
	Chief Executive Officer
Date:	July 20, 2006

By:	/s/ James Windels
	James Windels
	Chief Financial Officer
Date:	July 20, 2006

	EXHIBIT INDEX
(a)	Certifications of principal executive and principal financial officers as required by Rule 30a-
2(a) under the Investment Company Act of 1940. (EX-99.CERT)

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