-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DlWXBVxol0T6QPXH+kV2+JZPSLROLZ5cpUhtcCvWWnuk7L/WQafwqgMRwzGfOoFA 4fMW46DwoR9G20StUN/jfg== 0000897469-04-000012.txt : 20041014 0000897469-04-000012.hdr.sgml : 20041014 20041014163207 ACCESSION NUMBER: 0000897469-04-000012 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040831 FILED AS OF DATE: 20041014 DATE AS OF CHANGE: 20041014 EFFECTIVENESS DATE: 20041014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DREYFUS INTERNATIONAL FUNDS INC CENTRAL INDEX KEY: 0000897469 IRS NUMBER: 133718039 STATE OF INCORPORATION: MD FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-07502 FILM NUMBER: 041079169 BUSINESS ADDRESS: STREET 1: 200 PARK AVENUE STREET 2: C/O DREYFUS CORPORATION CITY: NEW YORK STATE: NY ZIP: 10166 BUSINESS PHONE: 2129226838 MAIL ADDRESS: STREET 1: DREYFUS CORP STREET 2: 200 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10166 FORMER COMPANY: FORMER CONFORMED NAME: DREYFUS INTERNATIONAL EQUITY FUND INC DATE OF NAME CHANGE: 19930212 N-Q 1 formnq.htm FORM NQ-327 formnq
    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 811-7502 
 
    Dreyfus International Funds, 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:    5/31 
 
Date of reporting period:    8/31/04 


FORM N-Q

Item 1. Schedule of Investments.

Dreyfus Premier Emerging Markets
Statement of Investments
August 31, 2004 (Unaudited)
Common Stocks--92.4%    Shares    Value ($) 
 
Brazil--6.3%         
Banco Itau, ADR    146,000    7,358,400 
Brasil Telecom Participacoes, ADR    115,700    3,775,291 
Companhia Brasileira de Distribuicao Grupo Pao de Acucar, ADR    114,800    2,364,880 
Companhia de Bebidas das Americas, ADR    340,490    7,388,633 
Companhia de Saneamento Basico do Estado de Sao Paulo    132,900    6,326,258 
Empresa Brasileira de Aeronautica, ADR    177,830    4,721,387 
Petroleo Brasileiro, ADR    586,719    18,041,609 
Tele Celular Sul Participacoes, ADR    231,097    3,170,653 
Telecomunicacoes Brasileiras, ADR    154,920    4,441,556 
        57,588,667 
Chile--.3%         
Banco Santander, ADR    101,800    2,779,140 
China--1.7%         
China Telecom, Cl. H    8,286,200    2,682,391 
Huadian Power International, Cl. H    21,338,300    6,223,671 
Qingling Motors, Cl. H    15,364,000    1,930,349 
Sinopec Yizheng Chemical Fibre, Cl. H    22,567,400    4,397,750 
        15,234,161 
Croatia--.6%         
Pliva, GDR    394,800 a,b    5,618,794 
Czech Republic--.1%         
Cesky Telecom    41,000    518,938 
Komercni Banka, GDR    2    71 
        519,009 
Egypt--.8%         
Commercial International Bank, GDR    942,200 b    3,797,066 
Suez Cement, GDR    367,931 b    3,624,120 
        7,421,186 
Hong Kong--4.2%         
Beijing Enterprises    384,000    487,385 
China Mobile (Hong Kong)    7,105,400    20,724,083 
China Resources Enterprise    6,004,900    7,968,040 
Shanghai Industrial    3,757,500    6,864,664 
Texwinca    3,029,000    2,601,833 
        38,646,005 
Hungary--2.0%         
Gedeon Richter    72,541    7,778,720 
MOL Magyar Olaj-es Gazipari    91,251    3,978,799 
Magyar Tavkozlesi    1,683,111    6,823,757 
        18,581,276 
India--11.1%         
Bharat Petroleum    817,422    6,003,663 
Dr. Reddy's Laboratories    51,982    789,472 
Dr. Reddy's Laboratories, ADR    414,500    6,549,100 
Gail India    455,840    1,742,883 
Gail India, GDR    276,400 b    6,408,334 
Hindalco Industries    182,327    4,521,360 
Hindalco Industries, GDR    220,900 b    5,478,320 
Hindustan Lever    3,345,229    8,086,082 
Hindustan Petroleum    1,050,554    7,092,974 
ICICI Bank    1,047,595    6,083,364 
ICICI Bank, ADR    210,900    2,572,980 
ITC    353,240    7,695,769 
Mahanagar Telephone Nigam    3,685,150    9,726,916 
Mahanagar Telephone Nigam, ADR    181,521    1,190,778 
NIIT    73,463    222,775 
NIIT Technologies    110,195    403,745 
Oil and Natural Gas    247,002    3,682,432 
Reliance Industries    1,472,319    14,705,361 
Satyam Computer Services    280,759    1,989,717 
State Bank of India    248,500    2,278,241 
State Bank of India, GDR    204,200 b    4,355,974 
        101,580,240 
Indonesia--2.3%         
PT Astra Agro Lestari    7,887,000    2,125,365 
PT Bank Mandiri    25,155,000    3,355,790 
PT Gudang Garam    2,835,500    3,858,338 
PT Indofood Sukses Makmur    64,258,000    4,629,045 
PT Indonesian Satellite    985,600    441,784 
PT Telekomunikasi Indonesia    7,757,000    6,333,090 
        20,743,412 
Israel--1.3%         
Bank Hapoalim    1,758,293    4,770,954 
Supersol    1,204,051    2,774,483 
Syneron Medical    168,800    2,008,720 
Taro Pharmaceutical Industries    132,500 a    2,746,725 
        12,300,882 
Malaysia--3.6%         
Gamuda    5,582,700    7,566,028 
Genting    1,892,700    7,919,455 
Kuala Lumpur Kepong    931,000    1,592,500 
Malaysia International Shipping    861,600    2,834,211 
Proton Holding    912,000    1,860,000 
Resorts World    991,700    2,309,617 
Sime Darby    6,131,800    8,955,655 
        33,037,466 
Mexico--7.0%         
Cemex    783,298    4,444,918 
Coca-Cola Femsa, ADR    673,600    13,727,968 
Controladora Comercial Mexicana    5,841,500    6,364,800 
Desc, Ser. B    13,464,500 a    3,880,634 
Grupo Continental    2,809,150    4,304,870 
Kimberly-Clark de Mexico, Cl. A    4,213,700    11,589,017 
Telefonos de Mexico, ADR    612,370    19,834,664 
        64,146,871 


Philippines--.8%         
ABS-CBN Broadcasting    4,130,600    1,453,530 
Bank of the Philippine Islands    4,462,068    3,299,346 
Manila Electric, Cl. B    5,810,464 a    2,199,953 
SM Prime Holdings    1,792,000    181,994 
        7,134,823 
Poland--2.1%         
Bank Przemyslowo-Handlowy    32,258    3,503,810 
KGHM Polska Miedz    638,707 a    5,242,465 
Polski Koncern Naftowy Orlen    170,294    1,504,924 
Telekomunikacja Polska    2,187,423    8,647,952 
        18,899,151 
Russia--2.2%         
LUKOIL, ADR    136,650    16,116,159 
YUKOS, ADR    240,800    4,003,300 
        20,119,459 
South Africa--14.0%         
ABSA    291,813    2,424,697 
Alexander Forbes    395,000    642,717 
Anglo American    705,127    15,954,482 
Aveng    4,027,872    4,919,965 
BidBEE    115,756 a    748,863 
Bidvest Group    1,075,366    9,705,586 
Illovo Sugar    2,066,979    2,372,040 
Imperial Holdings    409,000    4,736,192 
Metro Cash and Carry    13,082,293 a    5,129,305 
Nampak    5,039,101    10,638,550 
Nedcor    2,332,881    19,704,231 
Old Mutual    6,570,434    12,556,586 
Sanlam    2,868,011    3,879,490 
Sappi    582,606    8,231,890 
Sasol    742,602    12,765,099 
Shoprite Holdings    2,635,016    3,774,924 
Steinhoff International Holdings    5,397,000    6,665,575 
Tongaat-Hulett Group    513,856    3,541,269 
        128,391,461 
South Korea--17.3%         
CJ    102,890    5,253,957 
Hyundai Department Store    96,400    2,875,675 
Hyundai Development    262,870    2,864,975 
Hyundai Motor    169,170    7,330,945 
INI Steel    242,610    2,517,750 
Industrial Bank of Korea    597,000    3,888,406 
KT, ADR    815,850    14,293,692 
Kangwon Land    675,601    7,392,595 
Kia Motors    530,120    4,649,771 
Kookmin Bank    271,640 a    8,681,157 
Kookmin Bank, ADR    136,334    4,355,871 
Korea Electric Power    1,435,620    25,246,466 
Korea Fine Chemical    46,996    440,779 
LG Electronics    79,090    3,777,638 
LG Household & Health Care    111,300    2,793,374 
POSCO    53,370    7,670,634 
POSCO, ADR    94,990    3,436,738 
SK Telecom    25,200    3,796,961 
SK Telecom, ADR    265,300    5,013,598 
Samsung    436,800    5,272,705 
Samsung Electro-Mechanics    349,700 a    9,262,571 
Samsung Electronics    35,660    13,966,704 
Samsung Fire & Marine Insurance    124,020    7,399,196 
Samsung SDI    52,130    5,342,023 
        157,524,181 
Taiwan--11.7%         
Accton Technology    4,310,260    2,008,615 
Asustek Computer    3,024,862    6,780,403 
Asustek Computer, GDR    3,261,500 b    7,158,993 
China Motor    3,567,000    4,176,667 
Chunghwa Telecom, ADR    355,100    6,058,006 
Compal Electronics    2,220,563    2,108,897 
Compal Electronics, GDR    2,856,376 b    13,453,533 
Delta Electronics    4,218,100    5,424,249 
Elan Microelectronics    2,862,653    2,034,801 
First Financial    8,961,000 a    6,263,846 
First Financial, GDR    100,000 a,b    1,314,000 
Nan Ya Plastics    870    1,206 
Nien Hsing Textile    3,897,000    3,367,706 
Quanta Computer    5,200,302    8,895,960 
Quanta Computer, GDR    55,021 a,b    506,198 
SinoPac Financial Holdings    19,224,103    9,695,684 
Taiwan Cellular    3,835,429    3,619,930 
United Microelectronics    9,188,564 a    6,260,311 
United Microelectronics, ADR    4,098,312 a    15,573,587 
Yageo    5,248,200 a    2,190,297 
        106,892,889 
Thailand--2.4%         
Charoen Pokphand Foods    26,340,000    2,405,190 
Delta Electronics    2,889,000    1,180,175 
Kasikornbank    3,840,800 a    4,430,095 
Krung Thai Bank    22,612,700    4,401,366 
PTT Exploration and Production    222,300    1,495,711 
Siam Commercial Bank    5,152,600    5,757,441 
Siam Makro    1,801,800    2,078,251 
        21,748,229 
Turkey--.6%         
Tupras-Turkiye Petrol Rafinerileri    757,928,200    5,851,558 
 
 
Total Common Stocks         
(cost $705,236,014)        844,758,860 
 
Preferred Stocks--3.4%         
 
Brazil:         
Banco Bradesco    93,560    4,561,330 
Companhia de Tecidos Norte de Minas    70,509    6,118,649 
Companhia Energetica de Minas Gerais    375,729    6,931,814 
Companhia Paranaense de Energia-Copel    947,087    3,235,695 
Duratex    104,347    3,707,595 
Telecomunicacoes de Sao Paulo    182,062    3,141,153 
Telemar Norte Leste    95,900    1,784,978 
Telemig Celular Participacoes    1,167,890    1,743,655 
Total Preferred Stocks         
(cost $23,014,293)        31,224,869 
 
    Principal     
Short-Term Investments--2.4%    Amount ($)    Value ($) 
 
U.S. Treasury Bills:         
1.33%, 9/2/2004    11,813,000    11,812,528 
1.29%, 9/16/2004    7,206,000    7,201,676 
1.39%, 9/23/2004    1,201,000    1,199,955 
1.41%, 11/12/2004    1,907,000    1,901,355 
Total Short-Term Investments         
(cost $22,116,298)        22,115,514 
 
Total Investments(cost $750,366,605)    98.2%    898,099,243 
 
Cash and Receivables (Net)    1.8%    16,480,724 
 
Net Assets    100.0%    914,579,967 

a Non-income producing.
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 August 31, 2004, these securities amounted to $51,715,332 or 5.7% of net assets.
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.
See notes to financial statements.

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.

-2-


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 International Funds, Inc.
By:    /s/ Stephen E. Canter 
    Stephen E. Canter 
    President 
 
Date:    October 14, 2004 

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:    October 14, 2004 
 
By:    /s/ James Windels 
James Windels
    Chief Financial Officer 
 
Date:    October 14, 2004 

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)

-3-


EX-99.CERT 2 certification.htm CERTIFICATIONS certification

[EX-99.CERT]
Exhibit (a)

CERTIFICATIONS

I, Stephen E. Canter, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus International Funds, 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 schedules 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) 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) 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

(c) 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; and

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/ Stephen E. Canter 
    Stephen E. Canter 
    Chief Executive Officer 
 
Date:    October 14, 2004 


CERTIFICATIONS

I, James Windels, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus International Funds, 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 schedules 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) 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) 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

(c) 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; and

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
    Chief Financial Officer 
 
Date:    October 14, 2004 


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