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:  5/31/08 

FORM N-Q

Item 1.  Schedule of Investments. 

STATEMENT OF INVESTMENTS
Dreyfus Basic Money Market Fund, Inc.
May 31, 2008 (Unaudited)
Negotiable Bank Certificates of Deposit--42.5%	Principal Amount ($)	Value ($)
Banco Bilbao Vizcaya Argentaria Puerto Rico (Yankee)
2.80%, 11/17/08	50,000,000	50,000,000
Bank of Ireland (Yankee)
3.02% - 3.03%, 8/28/08 - 10/28/08	50,000,000 a	50,000,408
Bank of Montreal (Yankee)
2.87%, 9/8/08	25,000,000	24,999,661
Bank of Scotland PLC
2.80%, 10/14/08	50,000,000	50,000,000
Barclays Bank PLC (Yankee)
2.55%, 12/29/08	25,000,000	25,000,000
Branch Banking & Trust Co.
2.88%, 11/5/08	50,000,000	50,000,000
Canadian Imperial Bank of Commerce (Yankee)
3.09%, 10/23/08	55,000,000	55,000,000
Credit Suisse (Yankee)
4.40% - 4.90%, 6/11/08 - 7/7/08	45,000,000	45,000,000
DEPFA BANK PLC (Yankee)
2.65%, 8/22/08	50,000,000 a	50,000,000
Fortis Bank (Yankee)
2.50%, 12/23/08	25,000,000	25,000,000
Harris N.A.
3.00%, 10/23/08	30,000,000	30,000,000
Societe Generale (London)
4.80%, 6/10/08	50,000,000	50,000,000
Wilmington Trust Co., DE
2.78%, 8/8/08	40,000,000	40,000,000
Total Negotiable Bank Certificates of Deposit
(cost $545,000,069)		545,000,069
Commercial Paper--32.6%
ASB Finance Ltd.
4.97%, 6/12/08	25,000,000 a	24,962,951
Cancara Asset Securitisation Ltd.
2.82%, 6/18/08	30,000,000 a	29,960,333
CHARTA LLC
2.96%, 8/13/08	50,000,000 a	49,703,944
Citigroup Funding Inc.
2.84%, 10/9/08	50,000,000	49,494,445
Commerzbank U.S. Finance Inc.
3.06%, 8/20/08	20,000,000	19,866,000
DnB NOR Bank ASA
2.94%, 8/13/08	40,000,000	39,764,778
FCAR Owner Trust, Ser. I
3.17%, 7/15/08	25,000,000	24,904,667
Gemini Securitization Corp., LLC
2.82%, 8/1/08	50,000,000 a	49,762,778

Skandinaviska Enskilda Banken AB
3.04%, 10/24/08	30,000,000	29,638,708
Swedbank (ForeningsSparbanken AB)
2.80%, 8/1/08	50,000,000	49,764,472
Three Pillars Funding LLC
2.45%, 6/2/08	25,000,000 a	24,998,299
UBS Finance Delaware LLC
2.80%, 10/8/08	25,000,000	24,752,750
Total Commercial Paper
(cost $417,574,125)		417,574,125
Corporate Notes--15.2%
Commonwealth Bank of Australia
2.41%, 6/25/08	25,000,000 b	25,000,000
Lehman Brothers Holdings Inc.
2.82%, 6/27/08	45,000,000 b	45,000,000
Royal Bank of Scotland PLC
2.48%, 6/24/08	40,000,000 b	40,000,000
Wells Fargo & Co.
2.77%, 6/4/08	45,000,000 b	45,000,000
Westpac Banking Corp.
2.51%, 6/17/08	40,000,000 b	40,000,000
Total Corporate Notes
(cost $195,000,000)		195,000,000
Promissory Note--1.9%
Goldman Sachs Group Inc.
5.07%, 6/17/08
(cost $25,000,000)	25,000,000 c	25,000,000
Time Deposit--2.6%
Key Bank U.S.A., N.A. (Grand Cayman)
2.00%, 6/2/08
(cost $33,000,000)	33,000,000	33,000,000
Repurchase Agreements--5.1%
Banc of America Securities LLC
2.53%, dated 5/30/08, due 6/2/08 in the amount of
$11,002,315 (fully collateralized by $12,321,763
Corporate Bonds, 5.80%-7.10%, due 6/7/12-3/20/28,
value $11,550,001)	11,000,000	11,000,000
Barclays Financial LLC
2.53%, dated 5/30/08, due 6/2/08 in the amount of
$25,005,260 (fully collateralized by $25,454,829
Corporate Bonds, 4.75%-7%, due 7/15/08-2/15/13, value
$25,750,001)	25,000,000	25,000,000
Morgan Stanley
2.53%, dated 5/30/08, due 6/2/08 in the amount of
$29,006,102 (fully collateralized by $166,588,413
Corporate Bonds, 0%-9.36%, due 5/30/37-1/10/47, value
$30,123,255)	29,000,000	29,000,000
Total Repurchase Agreements
(cost $65,000,000)		65,000,000
Total Investments (cost $1,280,574,194)	99.9%	1,280,574,194
Cash and Receivables (Net)	.1%	1,844,172
Net Assets	100.0%	1,282,418,366

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 May 31, 2008, these securities
	amounted to $279,388,713 or 21.8% 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 May 31, 2008, the aggregate value of this
	security was $25,000,000 representing 1.9% of net assets and is valued at cost.

At May 31, 2008, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes.

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.

Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157),
Fair Value Measurements.
These inputs are summarized in the three broad levels listed below.
Level 1 - quoted prices in active markets for identical securities.
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds,
credit risk, etc.)
Level 3 - significant unobservable inputs (including fund's own assumption in determining the fair value of investments).
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those
securities. For example, money market securities are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained
from a quoted price in an active market, such securities are reflected as Level 2.
The following is a summary of the inputs used as of May 31, 2008 in valuing the fund's assets carried
at fair value:
Valuation Inputs	Investments in Securities ($)	Other Financial Instruments* ($)
Level 1 - Quoted Prices	0	0
Level 2 - Other Significant Observable	1,280,574,194	0
Inputs
Level 3 - Significant Unobservable Inputs	0	0
Total	1,280,574,194	0
*Other financial instruments are derivative instruments not reflected in the Statement of Investments, such as futures, forward currency
exchange contracts and swap contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.

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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FORM N-Q

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:	July 23, 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:	July 23, 2008

By:	/s/ James Windels
	James Windels
	Treasurer
Date:	July 23, 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)

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