N-Q

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 811-6604 

Dreyfus BASIC 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:	2/28
Date of reporting period:	11/30/2007

FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS 

Dreyfus Basic Money Market Fund, Inc. 

November 30, 2007 (Unaudited) 

Negotiable Bank Certificates of Deposit--41.6%	Principal Amount ($)	Value ($)
Allied Irish Banks PLC (Yankee)
4.90%, 5/29/08	50,000,000	50,002,440
American Express Company
4.85%, 5/22/08	40,000,000	40,000,000
Australia and New Zealand Banking Group Ltd. (London)
4.84%, 4/25/08	20,000,000 a	20,000,000
Banca Monte dei Paschi di Siena SpA (London)
5.80%, 12/13/07	15,000,000	15,000,025
Banco Bilbao Vizcaya Argentaria Puerto Rico (Yankee)
5.23%, 1/4/08	20,000,000	20,000,466
Bank of Ireland (Yankee)
4.83%, 4/24/08	25,000,000 a	25,000,000
Bank of Scotland PLC (London)
5.15%, 12/11/07	25,000,000	25,004,289
Bank of Tokyo-Mitsubishi Ltd. (Yankee)
4.77% - 5.05%, 2/22/08 - 4/30/08	50,000,000	50,000,000
Barclays Bank PLC (Yankee)
5.08%, 3/19/08	50,000,000	50,000,000
HBOS Treasury Services PLC (London)
5.80%, 12/11/07	30,000,000	30,000,000
Natixis
4.58%, 12/3/07	40,000,000 b	39,997,364
Skandinaviska Enskilda Banken AB (Yankee)
5.02%, 4/18/08	10,000,000	10,000,000
Swedbank (ForeningsSparbanken AB) (Yankee)
5.12%, 4/7/08	20,000,000	20,000,000
UBS AG (Yankee)
5.50%, 3/12/08	50,000,000	50,000,000
UniCredito Italiano SpA (Yankee)
4.80%, 4/14/08	50,000,000	50,000,000
Total Negotiable Bank Certificates of Deposit
(cost $495,004,584)		495,004,584
Commercial Paper--32.8%
Atlantic Asset Securitization LLC
5.06%, 2/15/08	50,000,000 a	49,472,222
Bank of Ireland
4.80%, 2/6/08	25,000,000 a	24,779,458
Canadian Imperial Bank of Commerce
4.80%, 4/9/08	53,000,000	52,099,515
Cancara Asset Securitisation Ltd.
5.27%, 12/20/07	35,000,000 a	34,903,944
Chariot Funding LLC
5.10%, 12/3/07	34,742,000 a	34,732,234
JPMorgan Chase & Co.
5.04% - 5.15%, 2/4/08 - 2/15/08	50,000,000	49,529,950
Skandinaviska Enskilda Banken AB

4.74%, 4/25/08	20,000,000	19,624,861
Societe Generale N.A. Inc.
5.85%, 12/7/07	45,000,000	44,956,762
Swedbank (ForeningsSparbanken AB)
4.86%, 4/23/08	30,000,000	29,430,600
Windmill Funding Corp.
5.25%, 1/11/08	50,000,000 a	49,705,028
Total Commercial Paper
(cost $389,234,574)		389,234,574
Corporate Notes--16.4%
Commonwealth Bank of Australia
4.81%, 12/24/07	25,000,000 b	25,000,000
Lehman Brothers Holdings Inc.
5.36%, 12/27/07	45,000,000 b	45,000,000
Royal Bank of Scotland PLC
4.78%, 12/21/07	40,000,000 b	40,000,000
Wells Fargo & Co.
4.74%, 12/4/07	45,000,000 b	45,000,000
Westpac Banking Corp.
4.65%, 12/17/07	40,000,000 b	40,000,000
Total Corporate Notes
(cost $195,000,000)		195,000,000
Promissory Note--2.1%
Goldman Sachs Group Inc.
5.07%, 6/17/08
(cost $25,000,000)	25,000,000 c	25,000,000
Time Deposits--2.9%
Abbey National Treasury Services PLC (Grand Cayman)
4.75%, 12/3/07
(cost $34,000,000)	34,000,000	34,000,000
Repurchase Agreements--4.2%
Citigroup Global Markets Holdings Inc.
4.84%, dated 11/30/07, due 12/3/07 in the amount of
$50,020,156 (fully collateralized by $55,005,989
Corporate Bonds, 6%-11.25%, due 5/15/08-12/28/37,
value $52,202,053)
(cost $50,000,000)	50,000,000	50,000,000
Total Investments (cost $1,188,239,158)	100.0%	1,188,239,158
Liabilities, Less Cash and Receivables	(.0%)	(541,979)
Net Assets	100.0%	1,187,697,179

a 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 $238,592,886 or 20.1% of net assets. 

b Variable rate security--interest rate subject to periodic change. 

c This note was acquired for investment, and not with the intent to distribute or sell. Security restricted as to public 

resale. This security was acquired on 9/21/07 at a cost of $25,000,000. At November 30, 2007, the aggregate value of this 

security was $25,000,000 representing 2.1% of net assets and is valued at amortized cost. 

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-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. 

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 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) 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) 

EX-99.CERT

SECTION 302 CERTIFICATION

I, J. David Officer, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus BASIC Money Market Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:	/s/ J. David Officer
	J. David Officer
	President
Date:	January 24, 2008

SECTION 302 CERTIFICATION

I, James Windels, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus BASIC Money Market Fund, Inc.;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting;

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

By:	/s/ James Windels
	James Windels
	Treasurer
Date:	January 24, 2008