N-Q 1 form-0701.htm QUARTERLY SCHEDULE form-0701.htm - Generated by SEC Publisher for SEC Filing

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                         811-7512

DREYFUS PREMIER WORLDWIDE GROWTH FUND, INC.
- Dreyfus Worldwide Growth 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)

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: 10/31  
Date of reporting period: 01/31/10  



FORM N-Q

Item 1. Schedule of Investments.



STATEMENT OF INVESTMENTS    
Dreyfus Worldwide Growth Fund    
January 31, 2010 (Unaudited)    
 
 
Common Stocks--99.0% Shares Value ($)
Consumer Discretionary--12.3%    
Christian Dior 230,000 23,281,062
LVMH Moet Hennessy Louis Vuitton 29,775 3,256,591
McDonald's 207,800 12,972,954
McGraw-Hill 140,000 4,963,000
News, Cl. A 666,400 8,403,304
    52,876,911
Consumer Staples--41.1%    
Altria Group 552,500 10,972,650
Coca-Cola 403,100 21,868,175
Diageo, ADR 165,000 11,086,350
Fomento Economico Mexicano, ADR 15,000 632,400
DANONE, ADR 1,075,000 12,265,750
L'Oreal, ADR 1,130,000 23,730,000
Nestle, ADR 495,000 23,517,450
PepsiCo 168,175 10,026,594
Philip Morris International 552,500 25,144,275
Procter & Gamble 330,000 20,311,500
Walgreen 468,000 16,871,400
    176,426,544
Energy--19.6%    
Chevron 263,800 19,025,256
ConocoPhillips 15,000 720,000
Exxon Mobil 411,008 26,481,245
Royal Dutch Shell, ADR 147,000 8,142,330
Statoil, ADR 400,068 8,945,520
Total, ADR 363,016 20,906,091
    84,220,442
Financial--3.4%    
Assicurazioni Generali 14,549 343,396
Eurazeo 69,669 5,043,912



HSBC Holdings, ADR 85,666 4,583,988
JPMorgan Chase & Co. 65,100 2,534,994
Zurich Financial Services 10,100 2,140,174
    14,646,464
Health Care--13.4%    
Abbott Laboratories 200,300 10,603,882
Becton, Dickinson & Co. 20,000 1,507,400
Johnson & Johnson 228,525 14,365,081
Novartis, ADR 26,000 1,391,780
Novo Nordisk, ADR 50,000 3,371,500
Roche Holding, ADR 631,000 26,470,450
    57,710,093
Industrial--1.8%    
General Dynamics 10,000 668,500
General Electric 116,072 1,866,438
United Technologies 77,000 5,195,960
    7,730,898
Information Technology--4.1%    
Apple 16,000 a 3,073,920
Intel 570,941 11,076,255
Microsoft 120,000 3,381,600
    17,531,775
Materials--3.3%    
Air Liquide, ADR 666,059 14,073,827
Total Common Stocks    
(cost $236,572,161)   425,216,954
 
Other Investment--.4%    
Registered Investment Company;    
Dreyfus Institutional Preferred    
Plus Money Market Fund    
(cost $1,525,000) 1,525,000 b 1,525,000
 
Total Investments (cost $238,097,161) 99.4%     426,741,954
Cash and Receivables (Net) .6%        2,375,971
Net Assets 100.0%     429,117,925



ADR--American Depository Receipts

a     

Non-income producing security.

b     

Investment in affiliated money market mutual fund.

At January 31, 2010, the aggregate cost of investment securities for income tax purposes was $238,097,161.

Net unrealized appreciation on investments was $188,644,793 of which $193,066,319 related to appreciated investment securities and $4,421,526 related to depreciated investment securities.



Various inputs are used in determining the value of the fund's investments relating to fair value measurements.
These inputs are summarized in the three broad levels listed below.
 
Level 1 - unadjusted quoted prices in active markets for identical investments.
Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds,
credit risk, etc.)
Level 3 - significant unobservable inputs (including fund's own assumptions 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.
The following is a summary of the inputs used as of January 31, 2010 in valuing the fund's investments:

      Level 3 -  
  Level 1 - Level 2 - Other Significant  
  Unadjusted Significant Observable Unobservable  
Assets ($) Quoted Prices Inputs Inputs Total
Investments in Securities:        
Equity Securities - Domestic+ 232,034,383 - - 232,034,383
Equity Securities - Foreign+ 159,117,436 34,065,135 - 193,182,571
Mutual Funds 1,525,000 - - 1,525,000

+ See Statement of Investments for industry classification.



The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) has become the exclusive reference of authoritative U.S. generally accepted accounting principles (“GAAP”) recognized by the FASB to be applied by nongovernmental entities. Rules and interpretive releases of the Securities and Exchange Commission (“SEC”) under authority of federal laws are also sources of authoritative GAAP for SEC registrants. The ASC has superseded all existing non-SEC accounting and reporting standards. The fund’s financial statements are prepared in accordance with GAAP, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available, are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered investment companies that are not traded on an exchange are valued at their net asset value. When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADR’s and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Financial futures are valued at



the last sales price. Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange.

The fund adopted the provisions of ASC Topic 815 “Derivatives and Hedging” which requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and about credit-risk-related contingent features in derivative agreements. The fund held no derivatives during the period ended January 31, 2010.These disclosures did not impact the notes to the financial statements.

Additional 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.



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 Premier Worldwide Growth Fund, Inc.

By: /s/ Bradley J. Skapyak
  Bradley J. Skapyak
  President
 
Date: March 23, 2010

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/ Bradley J. Skapyak
  Bradley J. Skapyak
  President
 
Date: March 23, 2010
 
By: /s/ James Windels
James Windels
  Treasurer
 
Date: March 23, 2010

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)