N-Q 1 form.htm FORM NQ-327 form
    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. 
    Dreyfus Premier Emerging Markets 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:    5/31 
 
Date of reporting period:    2/28/06 


FORM N-Q

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS
Dreyfus International Funds, Inc.: Dreyfus Premier Emerging Markets Fund
February 28, 2006 (Unaudited)
Common Stocks - 93.5%    Shares    Value ($) 



Brazil - 7.9%         
Banco Itau Holding Financeira, ADR    251,890    8,231,765 
Brasil Telecom Participacoes, ADR    366,680    14,575,530 
Braskem, ADR    113,100    1,939,665 
Centrais Eletricas Brasileiras    126,585    2,681,919 
Cia de Saneamento Basico do Estado de Sao Paulo    124,170    10,004,939 
Cia de Saneamento Basico do Estado de Sao Paulo, ADR    198,600    3,914,406 
Empresa Brasileira de Aeronautica, ADR    180,130    7,160,167 
Grendene    624,500    5,881,799 
Petroleo Brasileiro, ADR    478,019    41,845,783 
Tele Norte Leste Participacoes, ADR    276,200    5,117,986 
Ultrapar Participacoes, ADR    52,200    875,916 
Unibanco, ADR    110,270    9,698,246 
Votorantim Celulose e Papel, ADR    484,600    7,152,696 
        119,080,817 
 
Chile - .0%         
Banco Santander Chile, ADR    15,100    717,099 
China - 4.8%         
Air China, Cl. H    3,704,000 a    1,325,546 
Byd, Cl. H    1,649,500    3,278,270 
China Petroleum & Chemical, Cl. H    18,597,700    11,101,922 
China Telecom, Cl. H    50,833,800    18,543,815 
Huadian Power International, Cl. H    29,217,200    7,879,500 
Huaneng Power International, Cl. H    7,211,600    4,849,515 
PetroChina, Cl. H    9,088,000    8,854,428 
Sinotrans, Cl. H    12,922,500    5,454,116 
Weiqiao Textile, Cl. H    3,365,000    5,382,509 
Yanzhou Coal Mining, Cl. H    7,371,300    6,034,351 
        72,703,972 
 
Croatia - .4%         
Pliva, GDR    414,800 b    5,869,420 
Hong Kong - 2.9%         
Agile Property Holdings    820,000    478,911 
Brilliance China Automotive Holdings    10,608,000    1,832,398 
China Mobile (Hong Kong)    613,400    2,969,903 
CNOOC    9,718,000    8,074,663 
Denway Motors    32,971,900    12,936,220 
Global Bio-Chem Technology Group    6,594,700    3,716,996 
Panva Gas Holdings    2,865,000 a    1,501,245 
Shanghai Industrial Holdings    4,924,500    10,571,854 
Texwinca Holdings    2,008,600    1,576,254 
        43,658,444 
 
Hungary - .9%         
Gedeon Richter    8,606    1,758,269 
Magyar Telekom    2,685,533    12,326,208 
        14,084,477 


India - 8.3%         
Andhra Bank    300,000    590,959 
Bank of Baroda    134,000    671,551 
Bharat Petroleum    1,124,436    10,965,926 
Dr. Reddy's Laboratories, ADR    252,800    7,273,056 
GAIL India    455,840    2,794,336 
GAIL India, GDR    205,900 b    7,638,890 
Hindalco Industries    1,823,270    6,327,127 
Hindalco Industries (Prepaid Shares)    455,817    685,897 
Hindalco Industries, GDR    2,309,000 b    7,966,050 
Hindalco Industries, GDR (Prepaid Shares)    552,250 b,c    893,080 
Hindustan Petroleum    1,659,363    12,144,489 
Mahanagar Telephone Nigam    4,077,650    13,104,097 
Mahanagar Telephone Nigam, ADR    380,521    2,560,906 
Oil & Natural Gas    368,656    9,349,719 
Reliance Capital Ventures    1,177,925    576,522 
Reliance Communication Ventures    1,177,925 c    3,356,691 
Reliance Energy Ventures    1,177,925    1,022,016 
Reliance Industries    1,177,925    18,724,249 
Reliance Natural Resources    1,177,925 c    119,116 
State Bank of India    248,500    4,904,001 
State Bank of India, GDR    268,700 b    12,897,600 
        124,566,278 
 
Indonesia - 1.8%         
Bank Mandiri Persero    21,534,500    3,785,532 
Gudang Garam    5,969,400    7,116,483 
Indofood Sukses Makmur    53,099,200    4,831,406 
Telekomunikasi Indonesia    17,955,100    11,951,729 
        27,685,150 
 
Israel - .7%         
Bank Hapoalim    749,693    3,429,218 
Bank Leumi Le-Israel    985,000    3,560,872 
Super-Sol    1,355,591    3,655,267 
        10,645,357 
 
Malaysia - 5.3%         
AMMB Holdings    6,717,500    4,801,551 
Bumiputra-Commerce Holdings    4,872,700    7,598,948 
Gamuda    7,522,100    7,151,362 
Genting    1,972,300    12,676,028 
Kuala Lumpur Kepong    1,933,100    4,839,056 
Malayan Banking    3,517,500    10,493,455 
Maxis Communications    1,983,300    4,637,760 
MK Land Holdings    1,917,800    327,116 
Proton Holdings    908,000    1,352,458 
Resorts World    2,774,200    9,702,038 
Sime Darby    9,968,800    16,650,488 
        80,230,260 
 
Mexico - 7.0%         
Cemex    1,004,362    6,217,392 
Coca-Cola Femsa, ADR    683,030    20,887,057 
Controladora Comercial Mexicana    8,662,000    15,629,856 
Desc    2,641,840 a    3,228,431 
Embotelladoras Arca    1,075,200    2,556,016 
Grupo Aeroportuario del Sureste, ADR    265,090    8,944,137 
Grupo Continental    4,431,050    7,551,268 
Industrias CH    55,500 a    125,579 
Kimberly-Clark de Mexico, Cl. A    3,061,300    10,521,639 
Telefonos de Mexico, ADR    1,314,540    29,432,550 
        105,093,925 
 
Philippines - 1.1%         
ABS-CBN Broadcasting    4,130,600 a    893,778 
Banco de Oro Universal Bank    850,000    558,549 
Banco de Oro Universal Bank, GDR    338,600 b    4,418,730 
Bank of Philippine Islands    5,784,068    6,583,638 
Manila Electric, Cl. B    5,700,264 a    2,032,430 
SM Prime Holdings    16,009,700    2,473,513 
        16,960,638 
 
Poland - 1.3%         
Powszechna Kasa Oszczednosci Bank Polski    1,134,300    12,364,306 
Telekomunikacja Polska    1,001,951    7,007,533 
        19,371,839 
 
Russia - 4.7%         
Gazprom, ADR    267,930    22,666,878 
LUKOIL, ADR    528,300    42,211,170 
Novolipetsk Steel, GDR    271,300 b    5,697,300 
        70,575,348 
 
South Africa - 8.2%         
Alexander Forbes    2,753,828    7,012,993 
Aveng    1,912,257    7,397,783 
Bidvest Group    759,466    12,811,754 
Illovo Sugar    621,020    1,476,748 
Nampak    5,308,550    14,207,798 
Nedbank Group    1,327,364    25,729,116 
Network Healthcare Holdings    3,457,300    4,514,398 
Sanlam    5,777,351    15,040,792 
Sappi    1,540,609    19,516,880 
Sasol    280,617    9,604,248 
Shoprite Holdings    491,504    1,596,092 
Steinhoff International Holdings    1,421,077    4,667,771 
        123,576,373 
 
South Korea - 19.3%         
Daelim Industrial    111,930    7,473,645 
Hyundai Mobis    68,600    5,768,947 
Hyundai Motor    211,800    18,016,976 
Industrial Bank of Korea    285,720    4,681,463 
Kangwon Land    172,781    3,423,140 
Kookmin Bank    282,740    21,494,876 
Kookmin Bank, ADR    85,502    6,476,777 
Korea Electric Power    474,855    20,580,405 
Korean Air Lines    116,980    3,840,378 
KT, ADR    1,005,700    20,536,394 
Kumho Tire    698,710    10,649,659 
Kumho Tire, GDR    260,000 a,b    2,126,800 
LG Chem    221,880    11,161,842 
LG Electronics    254,180    20,852,661 
Lotte Shopping, GDR    400,500 b    8,462,565 
POSCO    44,120    10,373,523 
POSCO, ADR    205,160    11,989,550 
Samsung Electronics    56,534    39,621,115 
Samsung SDI    79,667    7,053,119 
Shinhan Financial Group    212,930    8,382,988 
SK    224,560    13,830,824 
SK Telecom    22,960    4,767,478 
SK Telecom, ADR    1,125,000    27,168,750 
        288,733,875 
 
Taiwan - 15.4%         
Accton Technology    4,310,260 a    2,263,347 
Advanced Semiconductor Engineering    9,731,863    8,043,702 
Benq    7,821,450    7,679,373 
Cathay Financial Holding    1,172,000    2,256,329 
China Motor    7,346,330    8,260,753 
China Steel    8,215,000    7,448,034 
Chinatrust Financial Holding    4,162,800    3,487,934 
Chunghwa Telecom, ADR    556,400    10,515,960 
Compal Electronics    8,015,877    7,467,951 
Compal Electronics, GDR    2,865,934 b    13,785,143 
Elan Microelectronics    3,014,846    1,395,162 
First Financial Holding    23,769,850    18,339,660 
Formosa Chemicals & Fibre    5,622,000    8,840,453 
Fubon Financial Holding    3,594,000    3,214,490 
Nien Hsing Textile    5,691,000    3,682,883 
Nien Made Enterprises    865,000    1,100,946 
Optimax Technology    5,315,181    6,584,224 
Powerchip Semiconductor    7,629,000    4,661,130 
Quanta Computer    15,206,663    23,184,873 
Shin Kong Financial Holding    2,814,000    2,438,612 
SinoPac Financial Holdings    30,443,103    16,080,052 
Sunplus Technology    5,102,123    6,110,712 
Taiwan Cement    1,111,000    836,685 
Taiwan Mobile    10,459,429    9,645,933 
Uni-President Enterprises    3,606,000    2,052,036 
United Microelectronics    46,600,382    27,293,517 
United Microelectronics, ADR    3,484,788    10,977,082 
Wan Hai Lines    604,000    370,613 
Yageo    31,450,200 a 11,935,945 
        229,953,534 
 
Thailand - 2.8%         
Charoen Pokphand Foods    29,340,000    4,024,874 
CP Seven Eleven    9,678,000    1,579,744 
Delta Electronics Thai    4,234,000    2,209,333 
Kasikornbank    5,284,400    9,290,555 
Krung Thai Bank    34,863,300    10,924,831 
Siam Commercial Bank    7,007,100    11,617,413 
Siam Makro    1,597,000    2,845,920 
        42,492,670 
 
Turkey - .5%         
Tupras Turkiye Petrol Rafine    423,405    8,136,207 
United States - .2%         
Taro Pharmaceuticals Industries    214,700 a    3,548,991 
Total Common Stocks         
(cost $980,380,911)    1,407,684,674 


Preferred Stocks - 4.5%         



Brazil:         
Braskem, Cl. A    272,800    2,343,241 
Centrais Eletricas Brasileiras, Cl. B    310,029    6,810,852 
Cia de Tecidos do Norte de Minas    85,709    9,565,860 
Cia Energetica de Minas Gerais    139,374    7,154,105 
Cia Paranaense de Energia, Cl. B    880,874    9,665,343 
Duratex    225,363    4,085,931 
Klabin    2,435,600    5,734,872 
Telecomunicacoes de Sao Paulo    371,523    8,712,913 
Telemar Norte Leste, Cl. A    134,300    3,965,439 
Telemig Celular Participacoes    3,263,894    9,222,209 
Total Preferred Stocks         
(cost $34,932,506)        67,260,765 
 
    Principal     
Short Term Investments - .2%    Amount ($)    Value ($) 



U.S. Treasury Bills         
4.36%, 3/16/2006         
(cost $3,015,512)    3,021,000    3,015,532 
 
Total Investments (cost $1,018,328,929)    98.2%    1,477,960,971 
Cash and Receivables (Net)    1.8%    26,710,107 
Net Assets    100.0%    1,504,671,078 
ADR - American Depository Receipts         
GDR - Global Depository Receipts         

a Non-income producing security
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 February 28,
these securities amounted to $69,755,578 or 4.6% of net assets.
c The value of this security has been determined in good faith under the direction of the Board of Directors.
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. 


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:    April 21,2006 

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:    April 21, 2006 
 
By:    /s/ James Windels 
James Windels
    Chief Financial Officer 
 
Date:    April 21, 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)