N-Q 1 form327.htm FORM N-Q form327
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) 

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:    05/31 

Date of reporting period:    08/31/07 


FORM N-Q

Item 1.    Schedule of Investments. 

STATEMENT OF INVESTMENTS             
Dreyfus Premier Emerging Markets Fund             
August 31, 2007 (Unaudited)             
 
Common Stocks--93.4%    Shares        Value ($) 




Argentina--.2%             
Petrobras Energia Participaciones, ADR    335,120        3,106,562 
Brazil--10.2%             
Aracruz Celulose, ADR    93,500        5,837,205 
Banco Itau Holding Financeira, ADR    117,120        5,098,234 
Banco Nossa Caixa    342,500        5,237,537 
Braskem, ADR    86,700        1,582,275 
Centrais Eletricas Brasileiras    374,862        4,851,537 
Cia Brasileira de Distribuicao Grupo Pao de Acucar, ADR    388,450        12,480,899 
Cia de Saneamento Basico do Estado de Sao Paulo    94,370        2,299,361 
Cia Vale do Rio Doce, ADR    74,370        3,104,948 
CPFL Energia    161,700        2,894,741 
Empresa Brasileira de Aeronautica, ADR    149,220        6,738,775 
Gol Linhas Aereas Inteligentes, ADR    59,900        1,313,607 
Grendene    814,700        9,966,765 
Petroleo Brasileiro, ADR    702,998        43,473,396 
Tam, ADR    323,521        7,492,746 
Tele Norte Leste Participacoes, ADR    828,740        18,306,867 
Unibanco - Uniao de Bancos Brasileiros, GDR    111,970        12,493,613 
Votorantim Celulose e Papel, ADR    256,910        6,006,556 
            149,179,062 
Chile--.4%             
Compania Cervecerias Unidas, ADR    146,880        5,328,806 
China--4.0%             
Anhui Expressway, Cl. H    528,000        452,814 
Bank of China, Cl. H    20,643,000        10,759,518 
China Telecom, Cl. H    13,123,800        7,623,928 
Huadian Power International, Cl. H    1,225,900        715,079 
Huaneng Power International, Cl. H    5,717,600        6,609,425 
Industrial & Commercial Bank of China, Cl. H    5,177,000        3,416,793 
Sinotrans, Cl. H    14,371,500        7,924,185 
TPV Technology    13,536,000        8,564,011 
Weiqiao Textile, Cl. H    5,413,600        12,056,718 
            58,122,471 
Czech Republic--.8%             
Komercni Banka    54,140        11,797,966 
Egypt--.3%             
El Ezz Steel Rebars    445,029        3,828,926 
Hong Kong--5.4%             
Brilliance China Automotive Holdings    13,870,000a        3,310,255 
Chaoda Modern Agriculture    2,698,000        2,088,884 
China Mobile    448,500        6,075,059 
China Netcom Group    1,848,000        4,496,100 
China Power International Development    18,548,400        9,286,923 
CNOOC    20,807,100        25,551,202 
Cosco Pacific    616,000        1,715,565 
Denway Motors    25,503,300        12,097,244 
Global Bio-Chem Technology Group    17,086,700        7,500,345 
Texwinca Holdings    8,919,300        7,328,139 
            79,449,716 
Hungary--.4%             
Magyar Telekom Telecommunications    1,307,733        6,563,330 
India--7.1%             
Andhra Bank    1,161,303        2,426,847 
Bharat Petroleum    1,551,626        11,832,799 
GAIL India    333,230        2,526,419 
GAIL India, GDR    38,150b        1,754,900 


Hero Honda Motors    90,614        1,442,850 
Hindalco Industries    2,297,890        8,919,671 
Hindalco Industries, GDR    1,032,000b        4,076,400 
Hindustan Petroleum    1,815,783        10,463,455 
India Cements    845,750        5,117,174 
Jet Airways India    341,543        6,783,336 
Mahanagar Telephone Nigam    2,463,540        8,537,061 
Oil & Natural Gas    724,654        15,265,063 
Reliance Energy    81,860        1,568,731 
State Bank of India    248,500        9,766,681 
State Bank of India, GDR    92,490b        8,506,305 
Tata Engineering and Locomotive    272,380        4,686,081 
            103,673,773 
Indonesia--.7%             
Gudang Garam    5,922,400        6,029,193 
Indosat    6,326,600        4,858,125 
            10,887,318 
Israel--2.2%             
Bank Leumi Le-Israel    2,087,150        8,046,965 
Check Point Software Technologies    45,576a        1,069,213 
Israel Discount Bank, Cl. A    3,492,118a        7,070,608 
Teva Pharmaceutical Industries, ADR    369,580        15,891,940 
            32,078,726 
Malaysia--4.2%             
AMMB Holdings    3,601,400        4,463,823 
Gamuda    1,093,400        2,341,996 
Malayan Banking    7,023,000        23,266,257 
Proton Holdings    335,300        497,947 
Resorts World    7,405,300        8,036,596 
Sime Darby    4,553,100        12,223,087 
Telekom Malaysia    2,228,300        6,204,748 
Tenaga Nasional    1,456,700        4,139,416 
            61,173,870 
Mexico--4.6%             
Cemex (Units)    3,195,951a        10,354,848 
Cemex, ADR    143,660a        4,638,782 
Coca-Cola Femsa, ADR    210,170        8,532,902 
Controladora Comercial Mexicana (Units)    4,078,800        11,351,672 
Embotelladoras Arca    783,000        2,910,279 
Gruma, Cl. B    1,289,200        4,616,432 
Grupo Continental    4,494,850        9,575,735 
Kimberly-Clark de Mexico, Cl. A    907,600        3,908,203 
Telefonos de Mexico, ADR, Ser. L    337,980        11,944,213 
            67,833,066 
Philippines--.8%             
ABS-CBN Holdings    3,378,700        2,259,198 
Bank of the Philippine Islands    4,680,281        6,112,267 
Manila Electric, Cl. B    965,964        2,172,334 
Union Bank of the Philippines    1,419,800        1,650,352 
            12,194,151 
Poland--1.1%             
Polski Koncern Naftowy Orlen    231,920        4,746,901 
Telekomunikacja Polska    1,484,885        11,489,803 
            16,236,704 
Russia--5.5%             
Cherepovets MK Severstal, GDR    90,390b        1,508,293 
Gazprom, ADR    1,017,655        42,150,252 
LUKOIL, ADR    387,735        28,692,390 
MMC Norilsk Nickel, ADR    3,340        745,209 
Surgutneftegaz, ADR    57,100        3,568,179 
VTB Bank    404,400a,b        3,781,140 
            80,445,463 


South Africa--7.0%         
Aspen Pharmacare Holdings    1,713,300 a    8,433,602 
Bidvest Group    246,096    4,849,690 
Ellerine Holdings    963,740    10,110,178 
JD Group    582,370    5,616,147 
Nampak    3,974,821    11,332,823 
Nedbank Group    1,154,500    21,742,680 
Sanlam    3,190,661    9,511,782 
Sappi    725,329    11,379,201 
Sasol    286,260    11,425,595 
Steinhoff International Holdings    2,549,787    8,196,380 
        102,598,078 
South Korea--18.3%         
Cheil Industries    11,480    629,030 
Hana Financial Group    239,148    11,328,324 
Hanwha Chemical    182,474    4,795,345 
Hynix Semiconductor    31,467 a    1,135,310 
Hyundai Department Store    25,805    2,927,592 
Hyundai Development    40,561    3,637,603 
Hyundai Mobis    163,520    17,652,675 
Hyundai Motor    201,760    14,968,709 
Hyundai Steel    22,650    1,819,320 
Kookmin Bank    269,242    21,866,887 
Kookmin Bank, ADR    55,072    4,485,614 
Korea Electric Power    331,655    14,874,902 
Korea Exchange Bank    256,740    4,082,609 
KT    52,080    2,474,847 
KT, ADR    673,860    16,051,345 
Kumho Tire    775,680    13,147,002 
LG Electronics    129,556    9,960,340 
Lotte Shopping    52,312    19,612,900 
Nong Shim    18,546    4,744,299 
POSCO    25,384    15,587,899 
POSCO, ADR    18,760    2,876,096 
S-Oil    59,946    4,840,489 
Samsung Electronics    66,071    41,848,386 
Samsung SDI    46,623    3,066,395 
Shinhan Financial Group    150,827    9,264,837 
SK Telecom    6,999    1,540,496 
SK Telecom, ADR    609,360    16,678,183 
        265,897,434 
Taiwan--14.2%         
China Motor    7,938,107    7,059,135 
Chinatrust Financial Holding    15,259,456    11,453,183 
Chunghwa Telecom, ADR    1,081,537    18,948,528 
Compal Electronics    15,278,496    17,058,503 
Compal Electronics, GDR    1,191,877 b    6,769,861 
First Financial Holding    21,778,474    15,034,201 
Fubon Financial Holding    4,992,000    4,313,207 
Mega Financial Holding    9,637,000    6,007,197 
Nan Ya Printed Circuit Board    515,000    3,344,618 
Nien Hsing Textile    5,498,000    3,829,475 
Nien Made Enterprises    147,093    180,123 
Powerchip Semiconductor    11,132,601    5,494,987 
Quanta Computer    12,884,994    21,065,233 
Radiant Opto-Electronics    3,485,705    5,410,012 
SinoPac Financial Holdings    36,567,103    17,322,249 
Taiwan Cement    804,343    1,031,812 
Taiwan Semiconductor Manufacturing    1,809,688    3,455,025 
Taiwan Semiconductor Manufacturing, ADR    539,455    5,351,394 
Tatung    14,562,000 a    6,829,372 
United Microelectronics    51,766,433    28,990,801 


United Microelectronics, ADR    2,744,832        9,057,946 
Yageo    19,592,200        7,542,938 
            205,549,800 
Thailand--3.6%             
Bangkok Bank    2,535,200        9,265,875 
Charoen Pokphand Foods    51,354,200        7,396,483 
Delta Electronics Thai    2,894,600        1,896,114 
Italian-Thai Development    15,346,100a        3,169,526 
Kasikornbank    3,960,000        9,696,203 
Krung Thai Bank    24,014,300        8,429,495 
Siam Commercial Bank    298,000        720,519 
Siam Makro    1,174,000        3,250,811 
Thai Airways International    4,697,100        6,323,342 
Thai Union Frozen Products    3,429,700        2,592,342 
            52,740,710 
Turkey--2.3%             
Petrol Ofisi    406,715a        1,796,446 
Turk Sise ve Cam Fabrikalari    1,209,300        5,062,748 
Turkcell Iletisim Hizmetleri    1,766,400        12,822,615 
Turkiye Is Bankasi, Cl. C    2,957,950a        14,428,469 
            34,110,278 
United Kingdom--.1%             
JKX Oil & Gas    236,170        1,833,990 
Total Common Stocks             
(cost $1,012,623,535)            1,364,630,200 
 
Preferred Stocks--2.4%             




Brazil             
Braskem, Cl. A    1,013,400        9,349,852 
Centrais Eletricas Brasileiras, Cl. B    451,275        5,566,750 
Cia de Tecidos do Norte de Minas - Coteminas    1,244,988        7,678,843 
Cia Energetica de Minas Gerais    271,532        5,231,884 
Klabin    27,100        79,844 
Telemig Celular Participacoes    244,675        7,233,731 
Total Preferred Stocks             
(cost $18,931,762)            35,140,904 
 
Other Investment--1.4%             




Registered Investment Company;             
Dreyfus Institutional Preferred Plus Money Market Fund         
(cost $20,000,000)    20,000,000c        20,000,000 
 
Total Investments (cost $1,051,555,297)    97.2%        1,419,771,104 
Cash and Receivables (Net)    2.8%        40,543,571 
Net Assets    100.0%        1,460,314,675 

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 August 31, 2007, these 
    securities amounted to $26,396,899 or 1.8% of net assets. 
c    Investment in affiliated money market mutual fund. 

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 International Funds, Inc.

By:    /s/ J. David Officer 
    J. David Officer 
    President
 
Date:    October 23, 2007 

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:    October 23, 2007 

By:    /s/ James Windels 
    James Windels 
    Treasurer
 
Date:    October 23, 2007 

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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