N-CSR

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES

Investment Company Act file number			811-2192
	THE DREYFUS THIRD CENTURY 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:		05/31
Date of reporting period:		05/31/11

FORM N-CSR

Item 1.                        Reports to Stockholders.

The Dreyfus 

Third Century Fund, Inc. 

ANNUAL REPORT May 31, 2011

Save time. Save paper. View your next shareholder report online as soon as it’s available. Log into www.dreyfus.com and sign up for Dreyfus eCommunications. It’s simple and only takes a few minutes.

The views expressed in this report reflect those of the portfolio manager only through the end of the period covered and do not necessarily represent the views of Dreyfus or any other person in the Dreyfus organization. Any such views are subject to change at any time based upon market or other conditions and Dreyfus disclaims any responsibility to update such views.These views may not be relied on as investment advice and, because investment decisions for a Dreyfus fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Dreyfus fund.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value 

	Contents
	THE FUND
2	A Letter from the Chairman and CEO
3	Discussion of Fund Performance
6	Fund Performance
8	Understanding Your Fund’s Expenses
8	Comparing Your Fund’s Expenses With Those of Other Funds
9	Statement of Investments
13	Statement of Assets and Liabilities
14	Statement of Operations
15	Statement of Changes in Net Assets
17	Financial Highlights
22	Notes to Financial Statements
32	Report of Independent Registered Public Accounting Firm
33	Important Tax Information
34	Board Members Information
36	Officers of the Fund
	FOR MORE INFORMATION
	Back Cover

The Dreyfus
Third Century Fund, Inc.

The Fund

A LETTER FROM THE CHAIRMAN AND CEO

Dear Shareholder:

We are pleased to present this annual report for The Dreyfus Third Century Fund, Inc., covering the 12-month period from June 1, 2010, through May 31, 2011. For information about how the fund performed during the reporting period, as well as general market perspectives, we provide a Discussion of Fund Performance on the pages that follow.

The U.S. economy appears to have hit a soft patch in the spring of 2011 after accelerating over the second half of 2010. Disappointing labor, housing and manufacturing data have come at a time of higher energy prices and some tightening of monetary policy in global markets. In our view, the current slowdown should be relatively brief as the world recovers from the supply shocks created by weather impacts on food production, the decline in Libyan oil exports and supply-chain disruptions stemming from Japan’s natural and nuclear disasters. The U.S. stock market produced mostly positive results in this choppy economic environment due to better-than-expected corporate earnings and robust ongoing industrial demand from the emerging markets.

We remain optimistic as the U.S. economy moves through the middle stages of its cycle. Indeed, global macroeconomic policy generally has remained stimulative despite the recent efforts of some central banks to forestall inflationary pressures. We continue to expect sustainable economic growth, a rising but volatile uptrend in inflation and an improving U.S. labor market in the months ahead.As always, to determine how these forces may affect your investments, we urge you to talk regularly with your financial advisor.

Thank you for your continued confidence and support.

Jonathan R. Baum
Chairman and Chief Executive Officer
The Dreyfus Corporation
June 15, 2011

2

DISCUSSION OF FUND PERFORMANCE

For the period of June 1, 2010, through May 31, 2011, as provided by Jocelin A. Reed, CFA, Portfolio Manager

Fund and Market Performance Overview

For the 12-month period ended May 31, 2011, The Dreyfus Third Century Fund’s Class A shares, Class B shares, Class C shares, Class I shares and Class Z shares produced total returns of 27.18%, 25.88%, 26.45%, 27.87% and 27.61%, respectively.¹ In comparison, the fund’s benchmark, the Standard & Poor’s 500 Composite Stock Price Index (“S&P 500 Index”), provided a total return of 25.95% for the same period.²

Despite periodic bouts of market volatility, stocks generally rallied in a recovering economy.The fund produced returns that were higher than or similar to its benchmark, mainly due to successful stock selections in the financials, health care and information technology sectors.

The Fund’s Investment Approach

The fund seeks capital growth, with current income as a secondary goal. To pursue these goals, the fund invests primarily in the common stocks of companies that, in our opinion, meet traditional investment standards while conducting their businesses in a manner that contributes to the enhancement of the quality of life in America. Our strategy combines computer modeling techniques, fundamental analysis and risk management with a social investment process.

In selecting stocks, we begin with quantitative research to rank stocks within an industry or sector. Next, using fundamental analysis, we designate the most attractive securities as potential purchase candidates. We then evaluate potential purchase candidates to determine whether they meet the fund’s socially responsible investment criteria.We next select those companies we consider to be the most attractive based on financial considerations. If there is more than one company to choose from, we can select stocks of companies that exhibit positive records in the fund’s areas of social concern.

The fund normally focuses on large-cap growth stocks; however, it also may invest in value-oriented, midcap and small-cap stocks.

The Fund  3 

DISCUSSION OF FUND PERFORMANCE (continued)

Improved Economic Confidence Fueled Market Rallies

The reporting period began amid a sovereign debt crisis in Europe and a sluggish recovery in the United States, which weighed on investor sentiment. By September 2010, however, the announcement of a new round of quantitative easing of U.S. monetary policy helped convince investors that the economy was unlikely to slip back into recession. A more optimistic outlook was reinforced by improvements in U.S. employment and consumer spending, better-than-expected economic data in Europe, higher corporate earnings and the passage of fiscally stimulative U.S. tax legislation.

The stock market rally was interrupted in February 2011, when political unrest in the Middle East led to sharply higher crude oil prices, and again in March, when devastating natural and nuclear disasters in Japan threatened one of the world’s largest economies. Although stocks soon bounced back from these unexpected shocks, disappointing U.S. economic data later in the spring dampened investor sentiment, and stocks gave back some of their previous gains.

Stock Selection Strategy Effective Across Markets

Our security selection strategy proved especially successful in the financials sector, where underweighted exposure to major U.S. banks helped the fund avoid their relative weakness. Instead, we favored capital markets participants such as The Nasdaq OMX Group,Waddell & Reed Financial,T. Rowe Price Group and Franklin Resources, which benefited from rallying equity markets. Among consumer finance companies, Discover Financial Services gained value after it avoided troubled loans and took advantage of international growth opportunities. In the health care sector, we favored smaller biotechnology companies over large pharmaceutical developers. Winners included Biogen Idec, which saw good results from trials of a new drug. Health insurers Humana and Aetna advanced after cutting costs and gaining subscribers. Successful stock selections in the information technology sector included companies with strong earnings momentum, including Accenture, International Business Machines and Apple.

On a negative note, our sector allocation strategy hurt relative performance, primarily due to underweighted exposure to the energy sector. Stock selections in the energy sector also disappointed when natural gas

4

prices rose at a slower pace than oil prices, hurting Nexen and EnCana. Mildly underweighted exposure to machinery stocks in the industrials sector also detracted from relative results.

Positioned for a More Selective Market Environment

Although a number of headwinds remain, we currently expect the economic recovery to persist. However, we believe that investors are likely to become more selective, favoring companies that can produce consistent revenues and earnings in a slow-growth economy. In our judgment, our bottom-up security selection process may be particularly well suited to such an environment.

Technology Companies Respond to Security Concerns

Our search for socially responsible businesses led us to a number of information technology companies with diverse workforces and sound environmental policies. In addition, with the advent of “cloud computing” in which data and applications are managed remotely, technology providers have paid greater attention to the security of users’ information, including protecting sensitive financial information from hackers. Fund holdings such as Microsoft, International Business Machines, Accenture, Apple and Google are confronting the challenges of protecting the end user information and privacy in unique ways. We believe these issues will pose both significant risks and opportunities for technology companies for years to come.

June 15, 2011

	Equity funds are subject generally to market, market sector, market liquidity, issuer and investment
	style risks, among other factors, to varying degrees, all of which are more fully described in the
	fund’s prospectus.
1	Total return includes reinvestment of dividends and any capital gains paid, and does not take into
	consideration the maximum initial sales charge in the case of Class A shares, or the applicable
	contingent deferred sales charges imposed on redemptions in the case of Class B and Class C
	shares. Had these charges been reflected, returns would have been lower. Past performance is no
	guarantee of future results. Share price and investment return fluctuate such that upon redemption,
	fund shares may be worth more or less than their original cost.
2	SOURCE: LIPPER INC. — Reflects reinvestment of dividends and, where applicable, capital
	gain distributions.The Standard & Poor’s 500 Composite Stock Price Index is a widely accepted,
	unmanaged index of U.S. stock market performance. Investors cannot invest directly in any index.

The Fund  5 

Comparison of change in value of $10,000 investment in The Dreyfus Third Century Fund, Inc. 

Class A shares, Class B shares, Class C shares, Class I shares and Class Z shares and the 

Standard & Poor’s 500 Composite Stock Price Index 

^† Source: Lipper Inc. 

Past performance is not predictive of future performance. 

The above graph compares a $10,000 investment made in each of the Class A, Class B, Class C, Class I and Class Z 

shares of The Dreyfus Third Century Fund, Inc. on 5/31/01 to a $10,000 investment made in the Standard & Poor’s 

500 Composite Stock Price Index (the “Index”) on that date.All dividends and capital gain distributions are reinvested. 

The fund’s performance shown in the line graph above takes into account the maximum initial sales charge on Class A 

shares and all other applicable fees and expenses on all classes. 

The Dreyfus Third Century Fund, Inc. primarily seeks capital growth through investment in common stocks of companies 

that the fund’s management believes not only meet traditional investment standards, but also show evidence that they 

conduct their business in a manner that contributes to the enhancement of the quality of life in America. Current income 

is a secondary goal. Performance for Class B shares assumes the conversion to Class A shares at the end of the sixth year 

following the date of purchase.The Index is a widely accepted, unmanaged index of overall U.S. stock market 

performance. Unlike a mutual fund, the Index is not subject to charges, fees and other expenses. Investors cannot invest 

directly in any index.The Index is not subject to the same socially responsible investment criteria as The Dreyfus Third 

Century Fund, Inc. Further information relating to fund performance, including expense reimbursements, if applicable, is 

contained in the Financial Highlights section of the prospectus and elsewhere in this report. 

6

Average Annual Total Returns as of 5/31/11
	1 Year	5 Years	10 Years
Class A shares
with maximum sales charge (5.75%)	19.87%	3.56%	–0.20%
without sales charge	27.18%	4.80%	0.39%
Class B shares
with applicable redemption charge †	21.88%	3.44%	–0.09%
without redemption	25.88%	3.78%	–0.09%
Class C shares
with applicable redemption charge ††	25.45%	4.03%	–0.37%
without redemption	26.45%	4.03%	–0.37%
Class I shares	27.87%	5.22%	0.73%
Class Z shares	27.61%	5.09%	0.63%
Standard & Poor’s 500
Composite Stock Price Index	25.95%	3.32%	2.64%

Past performance is not predictive of future performance.The fund’s performance shown in the graph and table does not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares.

†	The maximum contingent deferred sales charge for Class B shares is 4%.After six years Class B shares convert to
	Class A shares.
††	The maximum contingent deferred sales charge for Class C shares is 1% for shares redeemed within one year of the
	date of purchase.

The Fund  7 

UNDERSTANDING YOUR FUND’S EXPENSES (Unaudited)

As a mutual fund investor, you pay ongoing expenses, such as management fees and other expenses. Using the information below, you can estimate how these expenses affect your investment and compare them with the expenses of other funds.You also may pay one-time transaction expenses, including sales charges (loads) and redemption fees, which are not shown in this section and would have resulted in higher total expenses. For more information, see your fund’s prospectus or talk to your financial adviser.

Review your fund’s expenses

The table below shows the expenses you would have paid on a $1,000 investment in The Dreyfus Third Century Fund, Inc. from December 1, 2010 to May 31, 2011. It also shows how much a $1,000 investment would be worth at the close of the period, assuming actual returns and expenses.

Expenses and Value of a $1,000 Investment
assuming actual returns for the six months ended May 31, 2011

	Class A	Class B	Class C	Class I	Class Z
Expenses paid per $1,000†	$ 7.83	$ 13.69	$ 10.76	$ 4.84	$ 5.58
Ending value (after expenses)	$1,151.90	$1,145.60	$1,147.50	$1,154.80	$1,153.70

COMPARING YOUR FUND’S EXPENSES
WITH THOSE OF OTHER FUNDS (Unaudited)

Using the SEC’s method to compare expenses

The Securities and Exchange Commission (SEC) has established guidelines to help investors assess fund expenses. Per these guidelines, the table below shows your fund’s expenses based on a $1,000 investment, assuming a hypothetical 5% annualized return. You can use this information to compare the ongoing expenses (but not transaction expenses or total cost) of investing in the fund with those of other funds.All mutual fund shareholder reports will provide this information to help you make this comparison. Please note that you cannot use this information to estimate your actual ending account balance and expenses paid during the period.

Expenses and Value of a $1,000 Investment
assuming a hypothetical 5% annualized return for the six months ended May 31, 2011

	Class A	Class B	Class C	Class I	Class Z
Expenses paid per $1,000†	$ 7.34	$ 12.84	$ 10.10	$ 4.53	$ 5.24
Ending value (after expenses)	$1,017.65	$1,012.17	$1,014.91	$1,020.44	$1,019.75

† Expenses are equal to the fund’s annualized expense ratio of 1.46% for Class A, 2.56% for Class B, 2.01% for 

Class C, .90% for Class I and 1.04% for Class Z, multiplied by the average account value over the period, 

multiplied by 182/365 (to reflect the one-half year period). 

8

STATEMENT OF INVESTMENTS

May 31, 2011

Common Stocks—99.1%	Shares	Value ($)
Consumer Discretionary—10.9%
Best Buy	72,300	2,296,248
Discovery Communications, Cl. A	30,000 a	1,306,800
Gap	179,150	3,475,510
Limited Brands	76,200	3,044,952
McDonald’s	29,075	2,370,775
McGraw-Hill	76,100	3,231,967
Starbucks	125,100	4,602,429
Target	43,900	2,174,367
TJX	81,325	4,311,851
Weight Watchers International	29,950	2,403,188
		29,218,087
Consumer Staples—10.3%
Church & Dwight	45,050	3,788,705
Costco Wholesale	76,775	6,332,402
Hershey	53,600	2,987,128
Kimberly-Clark	22,325	1,524,797
PepsiCo	29,850	2,122,932
Procter & Gamble	106,450	7,132,150
Whole Foods Market	61,600	3,767,456
		27,655,570
Energy—6.8%
Devon Energy	53,200	4,472,524
EnCana	79,800	2,721,180
Exterran Holdings	111,000 a	2,392,050
Forest Oil	94,000 a	2,810,600
ION Geophysical	213,800 a,b	2,157,242
Nexen	99,775	2,304,802
Venoco	85,277 a	1,253,572
		18,111,970
Financial—13.7%
Berkshire Hathaway, Cl. B	37,300 a	2,949,311
Comerica	78,900	2,849,079
Discover Financial Services	101,375	2,416,780
First Horizon National	191,679	2,014,546
Franklin Resources	23,100	2,993,298

The Fund  9 

STATEMENT OF INVESTMENTS (continued)

Common Stocks (continued)	Shares	Value ($)
Financial (continued)
International Bancshares	131,400	2,242,998
Investment Technology Group	86,850 a	1,314,909
KeyCorp	179,500	1,520,365
Nasdaq OMX Group	82,600 a	2,107,952
PNC Financial Services Group	73,200	4,569,144
State Street	42,800	1,958,956
T. Rowe Price Group	48,700	3,082,710
Travelers	45,975	2,854,128
Waddell & Reed Financial, Cl. A	95,200	3,674,720
		36,548,896
Health Care—12.6%
Aetna	95,900	4,188,912
Amgen	34,425 a	2,084,089
AstraZeneca, ADR	45,775 b	2,398,610
Becton Dickinson & Co.	33,750	2,954,812
Biogen Idec	40,900 a	3,874,457
Bristol-Myers Squibb	150,300	4,322,628
Gilead Sciences	65,250 a	2,723,535
Humana	45,550	3,668,142
Kinetic Concepts	48,650 a	2,886,891
Life Technologies	57,900 a	3,009,063
Novartis, ADR	24,525	1,582,353
		33,693,492
Industrial—10.5%
3M	29,775	2,810,165
Brink’s	44,400	1,320,900
Caterpillar	37,900	4,009,820
Cummins	17,600	1,852,224
Donaldson	24,575	1,467,373
Eaton	50,800	2,624,836
Emerson Electric	91,225	4,976,324
General Electric	196,900	3,867,116
Ryder System	41,650	2,290,750
United Technologies	32,450	2,848,137
		28,067,645

10

Common Stocks (continued)	Shares	Value ($)
Information Technology—22.6%
Accenture, Cl. A	66,000	3,787,740
Apple	15,175 a	5,278,320
Avnet	48,450 a	1,753,890
CA	81,500	1,907,100
Cisco Systems	151,425	2,543,940
EMC	183,025 a	5,210,722
First Solar	10,500 a,b	1,304,625
Google, Cl. A	9,800 a	5,184,396
Intel	185,100	4,166,601
International Business Machines	50,650	8,556,305
Microsoft	347,100	8,680,971
Oracle	114,675	3,924,179
QUALCOMM	76,700	4,493,853
Symantec	83,750 a	1,637,313
Western Union	98,175	2,018,478
		60,448,433
Materials—6.3%
Alcoa	315,200	5,298,512
Domtar	31,500	3,228,120
Ecolab	81,000	4,445,280
Schnitzer Steel Industries, Cl. A	32,750	1,935,525
Sigma-Aldrich	26,600	1,869,714
		16,777,151
Telecommunication
Services—3.0%
Metropcs Communications	234,200 a	4,192,180
Verizon Communications	103,700	3,829,641
		8,021,821
Utilities—2.4%
Consolidated Edison	39,100	2,074,646
Sempra Energy	60,775	3,352,957
WGL Holdings	28,625	1,123,531
		6,551,134
Total Common Stocks
(cost $218,810,606)		265,094,199

The Fund  11 

STATEMENT OF INVESTMENTS (continued)

Other Investment—.8%	Shares	Value ($)
Registered Investment Company;
Dreyfus Institutional Preferred
Plus Money Market Fund
(cost $2,099,000)	2,099,000 c	2,099,000
Investment of Cash Collateral
for Securities Loaned—1.5%
Registered Investment Company;
Dreyfus Institutional Cash
Advantage Plus Fund
(cost $4,091,062)	4,091,062 c	4,091,062
Total Investments (cost $225,000,668)	101.4%	271,284,261
Liabilities, Less Cash and Receivables	(1.4%)	(3,842,829)
Net Assets	100.0%	267,441,432

ADR—American Depository Receipts

a Non-income producing security. 

b Securities, or portion thereof, on loan.At May 31, 2011, the value of the fund’s securities on loan was $4,079,847 

and the value of the collateral held by the fund was $4,091,062. 

c Investment in affiliated money market mutual fund. 

Portfolio Summary (Unaudited)†
	Value (%)		Value (%)
Information Technology	22.6	Energy	6.8
Financial	13.7	Materials	6.3
Health Care	12.6	Telecommunication Services	3.0
Consumer Discretionary	10.9	Utilities	2.4
Industrial	10.5	Money Market Investments	2.3
Consumer Staples	10.3		101.4
† Based on net assets.
See notes to financial statements.

12

STATEMENT OF ASSETS AND LIABILITIES 

May 31, 2011 

				Cost	Value
Assets ($):
Investments in securities—See Statement of Investments (including
securities on loan, valued at $4,079,847)—Note 1(b):
Unaffiliated issuers				218,810,606	265,094,199
Affiliated issuers				6,190,062	6,190,062
Cash					382,792
Dividends and interest receivable					364,013
Receivable for shares of Common Stock subscribed					86,764
Prepaid expenses					30,630
					272,148,460
Liabilities ($):
Due to The Dreyfus Corporation and affiliates—Note 3(c)					235,295
Liability for securities on loan—Note 1(b)					4,091,062
Payable for shares of Common Stock redeemed					252,582
Accrued expenses					128,089
					4,707,028
Net Assets ($)					267,441,432
Composition of Net Assets ($):
Paid-in capital					240,065,018
Accumulated undistributed investment income—net					1,604,985
Accumulated net realized gain (loss) on investments					(20,512,164)
Accumulated net unrealized appreciation
(depreciation) on investments					46,283,593
Net Assets ($)					267,441,432
Net Asset Value Per Share
	Class A	Class B	Class C	Class I	Class Z
Net Assets ($)	15,153,754	249,622	2,943,835	2,043,467	247,050,754
Shares Outstanding	1,428,355	25,795	300,263	189,689	22,955,775
Net Asset Value
Per Share ($)	10.61	9.68	9.80	10.77	10.76
See notes to financial statements.

The Fund  13 

STATEMENT OF OPERATIONS 

Year Ended May 31, 2011 

Investment Income ($):
Income:
Cash dividends (net of $32,733 foreign taxes withheld at source):
Unaffiliated issuers	4,175,384
Affiliated issuers	5,204
Income from securities lending—Note 1(b)	63,400
Interest	2
Total Income	4,243,990
Expenses:
Management fee—Note 3(a)	1,859,300
Shareholder servicing costs—Note 3(c)	579,500
Professional fees	70,468
Registration fees	48,390
Distribution fees—Note 3(b)	24,240
Custodian fees—Note 3(c)	18,539
Prospectus and shareholders’ reports	16,782
Directors’ fees and expenses—Note 3(d)	4,601
Loan commitment fees—Note 2	1,526
Miscellaneous	12,133
Total Expenses	2,635,479
Less—reduction in fees due to earnings credits—Note 3(c)	(1,433)
Net Expenses	2,634,046
Investment Income—Net	1,609,944
Realized and Unrealized Gain (Loss) on Investments—Note 4 ($):
Net realized gain (loss) on investments	19,513,092
Net unrealized appreciation (depreciation) on investments	39,275,919
Net Realized and Unrealized Gain (Loss) on Investments	58,789,011
Net Increase in Net Assets Resulting from Operations	60,398,955
See notes to financial statements.

14

STATEMENT OF CHANGES IN NET ASSETS

		Year Ended May 31,
	2011	2010
Operations ($):
Investment income—net	1,609,944	1,356,415
Net realized gain (loss) on investments	19,513,092	(3,460,830)
Net unrealized appreciation
(depreciation) on investments	39,275,919	40,196,335
Net Increase (Decrease) in Net Assets
Resulting from Operations	60,398,955	38,091,920
Dividends to Shareholders from ($):
Investment income—net:
Class A Shares	(29,083)	—
Class C Shares	—	(6,429)
Class I Shares	(11,988)	(14,624)
Class Z Shares	(1,318,966)	(1,783,245)
Total Dividends	(1,360,037)	(1,804,298)
Capital Stock Transactions ($):
Net proceeds from shares sold:
Class A Shares	1,669,152	2,201,851
Class B Shares	—	3,000
Class C Shares	992,245	1,020,042
Class I Shares	375,106	921,301
Class Z Shares	4,584,224	5,255,557
Dividends reinvested:
Class A Shares	27,372	—
Class C Shares	—	4,948
Class I Shares	3,945	6,031
Class Z Shares	1,251,951	1,694,984
Cost of shares redeemed:
Class A Shares	(3,095,043)	(33,689,494)
Class B Shares	(277,661)	(565,443)
Class C Shares	(1,367,136)	(543,780)
Class I Shares	(397,735)	(505,144)
Class Z Shares	(24,062,734)	(21,873,829)
Increase (Decrease) in Net Assets
from Capital Stock Transactions	(20,296,314)	(46,069,976)
Total Increase (Decrease) in Net Assets	38,742,604	(9,782,354)
Net Assets ($):
Beginning of Period	228,698,828	238,481,182
End of Period	267,441,432	228,698,828
Undistributed investment income—net	1,604,985	1,355,078

The Fund  15 

STATEMENT OF CHANGES IN NET ASSETS (continued)

		Year Ended May 31,
	2011	2010
Capital Share Transactions:
Class Aa
Shares sold	168,893	271,695
Shares issued for dividends reinvested	2,851	—
Shares redeemed	(329,302)	(4,691,360)
Net Increase (Decrease) in Shares Outstanding	(157,558)	(4,419,665)
Class Ba
Shares sold	—	395
Shares redeemed	(31,784)	(74,285)
Net Increase (Decrease) in Shares Outstanding	(31,784)	(73,890)
Class C
Shares sold	108,697	142,155
Shares issued for dividends reinvested	—	629
Shares redeemed	(150,482)	(70,276)
Net Increase (Decrease) in Shares Outstanding	(41,785)	72,508
Class I
Shares sold	40,354	108,410
Shares issued for dividends reinvested	406	703
Shares redeemed	(45,741)	(59,345)
Net Increase (Decrease) in Shares Outstanding	(4,981)	49,768
Class Z
Shares sold	469,674	623,371
Shares issued for dividends reinvested	128,798	198,029
Shares redeemed	(2,498,016)	(2,587,191)
Net Increase (Decrease) in Shares Outstanding	(1,899,544)	(1,765,791)

a During the period ended May 31, 2011, 19,854 Class B shares representing $175,391 were automatically 

converted to 18,188 Class A shares and during the period ended May 31, 2010, 48,561 Class B shares 

representing $369,025 were automatically converted to 44,963 Class A shares. 

See notes to financial statements.

16

FINANCIAL HIGHLIGHTS

The following tables describe the performance for each share class for the fiscal periods indicated.All information (except portfolio turnover rate) reflects financial results for a single fund share.Total return shows how much your investment in the fund would have increased (or decreased) during each period, assuming you had reinvested all dividends and distributions.These figures have been derived from the fund’s financial statements.

			Year Ended May 31,
Class A Shares	2011	2010	2009	2008	2007
Per Share Data ($):
Net asset value, beginning of period	8.36	7.08	9.72	10.05	8.48
Investment Operations:
Investment income—neta	.03	.03	.05	.01	.02
Net realized and unrealized
gain (loss) on investments	2.24	1.25	(2.65)	(.32)	1.55
Total from Investment Operations	2.27	1.28	(2.60)	(.31)	1.57
Distributions:
Dividends from investment income—net	(.02)	—	(.04)	(.02)	—
Net asset value, end of period	10.61	8.36	7.08	9.72	10.05
Total Return (%)b	27.18	18.08	(26.73)	(3.06)	18.52
Ratios/Supplemental Data (%):
Ratio of total expenses
to average net assets	1.39	1.35	1.31	1.35	1.29
Ratio of net expenses
to average net assets	1.39	1.35	1.30	1.35	1.29
Ratio of net investment income
to average net assets	.32	.40	.70	.06	.18
Portfolio Turnover Rate	50.46	35.17	40.27	21.97	22.75
Net Assets, end of period ($ x 1,000)	15,154	13,252	42,532	15,066	15,411

a	Based on average shares outstanding at each month end.
b	Exclusive of sales charge.

See notes to financial statements.

The Fund  17 

FINANCIAL HIGHLIGHTS (continued)

		Year Ended May 31,
Class B Shares	2011	2010	2009	2008	2007
Per Share Data ($):
Net asset value, beginning of period	7.69	6.59	9.09	9.45	8.04
Investment Operations:
Investment (loss)—neta	(.06)	(.06)	(.03)	(.06)	(.06)
Net realized and unrealized
gain (loss) on investments	2.05	1.16	(2.47)	(.30)	1.47
Total from Investment Operations	1.99	1.10	(2.50)	(.36)	1.41
Net asset value, end of period	9.68	7.69	6.59	9.09	9.45
Total Return (%)b	25.88	16.69	(27.50)	(3.81)	17.54
Ratios/Supplemental Data (%):
Ratio of total expenses
to average net assets	2.43	2.43	2.28	2.12	2.18
Ratio of net expenses
to average net assets	2.43	2.43	2.27	2.12	2.18
Ratio of net investment (loss)
to average net assets	(.72)	(.74)	(.49)	(.74)	(.77)
Portfolio Turnover Rate	50.46	35.17	40.27	21.97	22.75
Net Assets, end of period ($ x 1,000)	250	443	867	2,202	4,762

a	Based on average shares outstanding at each month end.
b	Exclusive of sales charge.

See notes to financial statements.

18

		Year Ended May 31,
Class C Shares	2011	2010	2009	2008	2007
Per Share Data ($):
Net asset value, beginning of period	7.75	6.63	9.13	9.48	8.06
Investment Operations:
Investment (loss)—neta	(.03)	(.03)	(.02)	(.06)	(.05)
Net realized and unrealized
gain (loss) on investments	2.08	1.17	(2.48)	(.29)	1.47
Total from Investment Operations	2.05	1.14	(2.50)	(.35)	1.42
Distributions:
Dividends from investment income—net	—	(.02)	—	—	—
Net asset value, end of period	9.80	7.75	6.63	9.13	9.48
Total Return (%)b	26.45	17.16	(27.38)	(3.69)	17.62
Ratios/Supplemental Data (%):
Ratio of total expenses
to average net assets	2.00	2.09	2.14	2.01	2.00
Ratio of net expenses
to average net assets	2.00	2.09	2.14	2.00	2.00
Ratio of net investment (loss)
to average net assets	(.29)	(.39)	(.29)	(.60)	(.53)
Portfolio Turnover Rate	50.46	35.17	40.27	21.97	22.75
Net Assets, end of period ($ x 1,000)	2,944	2,652	1,788	2,487	3,538

a	Based on average shares outstanding at each month end.
b	Exclusive of sales charge.

See notes to financial statements.

The Fund  19 

FINANCIAL HIGHLIGHTS (continued)

		Year Ended May 31,
Class I Shares	2011	2010	2009	2008a	2007
Per Share Data ($):
Net asset value, beginning of period	8.48	7.23	9.90	10.23	8.60
Investment Operations:
Investment income—netb	.08	.06	.07	.05	.05
Net realized and unrealized
gain (loss) on investments	2.28	1.27	(2.69)	(.32)	1.58
Total from Investment Operations	2.36	1.33	(2.62)	(.27)	1.63
Distributions:
Dividends from investment income—net	(.07)	(.08)	(.05)	(.06)	—
Net asset value, end of period	10.77	8.48	7.23	9.90	10.23
Total Return (%)	27.87	18.43	(26.47)	(2.65)	18.95
Ratios/Supplemental Data (%):
Ratio of total expenses
to average net assets	.89	1.01	.95	.94	.87
Ratio of net expenses
to average net assets	.89	1.01	.95	.94	.87
Ratio of net investment income
to average net assets	.83	.71	.92	.51	.58
Portfolio Turnover Rate	50.46	35.17	40.27	21.97	22.75
Net Assets, end of period ($ x 1,000)	2,043	1,651	1,048	1,206	712

a	Effective June 1, 2007, Class R shares were redesignated as Class I shares.
b	Based on average shares outstanding at each month end.

See notes to financial statements.

20

		Year Ended May 31,
Class Z Shares	2011	2010	2009	2008	2007
Per Share Data ($):
Net asset value, beginning of period	8.48	7.22	9.88	10.21	8.59
Investment Operations:
Investment income—neta	.07	.05	.05	.04	.04
Net realized and unrealized
gain (loss) on investments	2.27	1.28	(2.68)	(.33)	1.58
Total from Investment Operations	2.34	1.33	(2.63)	(.29)	1.62
Distributions:
Dividends from investment income—net	(.06)	(.07)	(.03)	(.04)	—
Net asset value, end of period	10.76	8.48	7.22	9.88	10.21
Total Return (%)	27.61	18.40	(26.56)	(2.82)	18.86
Ratios/Supplemental Data (%):
Ratio of total expenses
to average net assets	1.03	1.10	1.11	1.01	1.02
Ratio of net expenses
to average net assets	1.03	1.10	1.10	1.00	1.02
Ratio of net investment income
to average net assets	.68	.60	.73	.40	.43
Portfolio Turnover Rate	50.46	35.17	40.27	21.97	22.75
Net Assets, end of period ($ x 1,000)	247,051	210,701	192,247	291,213	334,808

a Based on average shares outstanding at each month end. 

See notes to financial statements. 

The Fund  21 

NOTES TO FINANCIAL STATEMENTS

NOTE 1—Significant Accounting Policies:

The Dreyfus Third Century Fund, Inc. (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified open-end management investment company. The fund’s investment objective is to provide capital growth. The Dreyfus Corporation (the “Manager” or “Dreyfus”), a wholly-owned subsidiary of The Bank of NewYork Mellon Corporation (“BNY Mellon”), serves as the fund’s investment adviser.

MBSC Securities Corporation (the “Distributor”), a wholly-owned subsidiary of the Manager, is the distributor of the fund’s shares.The fund is authorized to issue 100 million shares of $.001 par value Common Stock in each of the following classes of shares: Class A, Class B, Class C and Class I and 200 million shares of $.001 par value Common Stock of Class Z. Class A shares are subject to a sales charge imposed at the time of purchase. Class B shares are subject to a contingent deferred sales charge (“CDSC”) imposed on Class B share redemptions made within six years of purchase and automatically convert to Class A shares after six years.The fund no longer offers Class B shares, except in connection with dividend reinvestment and permitted exchanges of Class B shares. Class C shares are subject to a CDSC imposed on Class C shares redeemed within one year of purchase. Class I shares are sold at net asset value per share only to institutional investors. Class Z shares generally are not available for new accounts. Other differences between the classes include the services offered to and the expenses borne by each class, the allocation of certain transfer agency costs and certain voting rights. Income, expenses (other than expenses attributable to a specific class), and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

The Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) is 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”)

22

under authority of federal laws are also sources of authoritative GAAP for SEC registrants. 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.

The fund enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown.The fund does not anticipate recognizing any loss related to these arrangements.

(a) 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 ADRs 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

The Fund  23 

NOTES TO FINANCIAL STATEMENTS (continued)

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.

The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date (i.e. the exit price). GAAP establishes a fair value hierarchy that prioritizes the inputs of valuation techniques used to measure fair value.This hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements).

Additionally, GAAP provides guidance on determining whether the volume and activity in a market has decreased significantly and whether such a decrease in activity results in transactions that are not orderly. GAAP requires enhanced disclosures around valuation inputs and techniques used during annual and interim periods.

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 the 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.

24

The following is a summary of the inputs used as of May 31, 2011 in valuing the fund’s investments:

		Level 2—Other	Level 3—
	Level 1—	Significant	Significant
	Unadjusted	Observable	Unobservable
	Quoted Prices	Inputs	Inputs	Total
Assets ($)
Investments in Securities:
Equity Securities—
Domestic†	256,087,254	—	—	256,087,254
Equity Securities—
Foreign†	9,006,945	—	—	9,006,945
Mutual Funds	6,190,062	—	—	6,190,062
† See Statement of Investments for additional detailed categorizations.

In January 2010, FASB issued Accounting Standards Update (“ASU”) No. 2010-06 “Improving Disclosures about FairValue Measurements”. The portions of ASU No. 2010-06 which require reporting entities to prepare new disclosures surrounding amounts and reasons for significant transfers in and out of Level 1 and Level 2 fair value measurements as well as inputs and valuation techniques used to measure fair value for both recurring and nonrecurring fair value measurements that fall in either Level 2 or Level 3 have been adopted by the fund. No significant transfers between Level 1 or Level 2 fair value measurements occurred at May 31, 2011.

In May 2011, FASB issued ASU No. 2011-04 “Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in GAAP and International Financial Reporting Standards (“IFRS”)”. ASU No. 2011-04 includes common requirements for measurement of and disclosure about fair value between GAAP and IFRS. ASU No. 2011-04 will require reporting entities to disclose the following infor-

The Fund  25 

NOTES TO FINANCIAL STATEMENTS (continued)

mation for fair value measurements categorized within Level 3 of the fair value hierarchy: quantitative information about the unobservable inputs used in the fair value measurement, the valuation processes used by the reporting entity and a narrative description of the sensitivity of the fair value measurement to changes in unobservable inputs and the interrelationships between those unobservable inputs. In addition, ASU No. 2011-04 will require reporting entities to make disclosures about amounts and reasons for all transfers in and out of Level 1 and Level 2 fair value measurements. The new and revised disclosures are effective for interim and annual reporting periods beginning after December 15, 2011. At this time, management is evaluating the implications of ASU No. 2011-04 and its impact on the financial statements.

(b) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis. Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.

Pursuant to a securities lending agreement with The Bank of New York Mellon, a subsidiary of BNY Mellon and an affiliate of Dreyfus, the fund may lend securities to qualified institutions. It is the fund’s policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral equivalent to at least 100% of the market value of securities on loan is maintained at all times. Collateral is either in the form of cash, which can be invested in certain money market mutual funds managed by the Manager, U.S. Government and Agency securities or letters of credit.The fund is entitled to receive all income on securities loaned, in addition to income earned as a result of the lending transaction. Although each security loaned is fully collateralized, the fund bears the risk of delay in recovery of, or loss of rights in, the securities loaned should a borrower fail to return the securities in a timely manner. During the period ended May 31, 2011, The Bank of New York Mellon earned $27,171 from lending fund portfolio securities, pursuant to the securities lending agreement.

26

(c) Affiliated issuers: Investments in other investment companies advised by Dreyfus are defined as “affiliated” in the Act.

The fund may invest in shares of certain affiliated investment companies also advised or managed by Dreyfus. Investments in affiliated investment companies for the period ended May 31, 2011 were as follows:

Affiliated
Investment	Value			Value	Net
Company	5/31/2010 ($)	Purchases ($)	Sales ($)	5/31/2011 ($)	Assets (%)
Dreyfus
Institutional
Preferred
Plus Money
Market Fund	768,000	26,431,000	25,100,000	2,099,000	.8
Dreyfus
Institutional
Cash
Advantage
Plus Fund	10,250,418	86,849,482	93,008,838	4,091,062	1.5
Total	11,018,418	113,280,482	118,108,838	6,190,062	2.3

(d) Dividends to shareholders: Dividends are recorded on the ex-dividend date. Dividends from investment income-net and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”).To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from GAAP.

(e) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income sufficient to relieve it from substantially all federal income and excise taxes.

As of and during the period ended May 31, 2011, the fund did not have any liabilities for any uncertain tax positions.The fund recognizes

The Fund  27 

NOTES TO FINANCIAL STATEMENTS (continued)

interest and penalties, if any, related to uncertain tax positions as income tax expense in the Statement of Operations. During the period, the fund did not incur any interest or penalties.

Each of the tax years in the four-year period ended May 31, 2011 remains subject to examination by the Internal Revenue Service and state taxing authorities.

At May 31, 2011, the components of accumulated earnings on a tax basis were as follows: undistributed ordinary income $1,604,985, accumulated capital losses $20,500,114 and unrealized appreciation $46,271,543.

The accumulated capital loss carryover is available for federal income tax purposes to be applied against future net securities profits, if any, realized subsequent to May 31, 2011. If not applied, the carryover expires in fiscal 2018.

The tax character of distributions paid to shareholders during the fiscal periods ended May 31, 2011 and May 31, 2010 were as follows: ordinary income $1,360,037 and $1,804,298, respectively.

During the period ended May 31, 2011, as a result of permanent book to tax differences, primarily due to the tax treatment for expiration of capital loss carryovers, the fund increased accumulated net realized gain (loss) on investments by $75,334,811 and decreased paid-in capital by the same amount. Net assets and net asset value per share were not affected by this reclassification.

NOTE 2—Bank Lines of Credit:

The fund participates with other Dreyfus-managed funds in a $225 million unsecured credit facility led by Citibank, N.A. and a $300 million unsecured credit facility provided by The Bank of New York Mellon (each, a “Facility”), each to be utilized primarily for temporary or emergency purposes, including the financing of redemptions. In connection therewith, the fund has agreed to pay its pro rata portion of commitment fees for each Facility. Interest is charged to the fund

28

based on rates determined pursuant to the terms of the respective Facility at the time of borrowing. During the period ended May 31, 2011, the fund did not borrow under the Facilities.

NOTE 3—Management Fee and Other Transactions With Affiliates:

(a) Pursuant to the management agreement (“Agreement”) with the Manager, the management fee is computed at an annual rate of .75% of the value of the fund’s average daily net assets and is payable monthly. Pursuant to the Agreement, if in any full fiscal year the aggregate expenses allocable to Class Z shares (exclusive of taxes, brokerage fees, interest on borrowings, commitment fees and extraordinary expenses) exceed 1 ¹ / ₂ % of the value of the average daily net assets of Class Z shares, the fund may deduct from the fees paid to the Manager, or the Manager will bear such excess expense. During the period ended May 31, 2011, there was no expense reimbursement pursuant to the Agreement.

During the period ended May 31, 2011, the Distributor retained $2,332 from commissions earned on sales of the fund’s Class A shares and $107 and $3,124 from CDSCs on redemptions of the fund’s Class B and Class C shares, respectively.

(b) Under the Distribution Plan (the “Plan”) adopted pursuant to Rule 12b-1 under the Act, Class B and Class C shares pay the Distributor for distributing their shares at the annual rate of .75% of the value of the average daily net assets of Class B and Class C shares. During the period ended May 31, 2011, Class B and Class C shares were charged $2,727 and $21,513, respectively, pursuant to the Plan.

(c) Under the Shareholder Services Plan, Class A, Class B and Class C shares pay the Distributor at an annual rate of .25% of the value of their average daily net assets for the provision of certain services.The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding Class A,

The Fund  29 

NOTES TO FINANCIAL STATEMENTS (continued)

Class B and Class C shares and providing reports and other information, and services related to the maintenance of shareholder accounts. The Distributor may make payments to Service Agents (a securities dealer, financial institution or other industry professional) in respect of these services.The Distributor determines the amounts to be paid to Service Agents. During the period ended May 31, 2011, Class A, Class B and Class C shares were charged $34,775, $909 and $7,171, respectively, pursuant to the Shareholder Services Plan.

Under the Shareholder Services Plan, Class Z shares reimburse the Distributor an amount not to exceed an annual rate of .25% of the value of Class Z shares average daily net assets for certain allocated expenses of providing personal services and/or maintaining shareholder accounts.The services provided may include personal services relating to shareholder accounts, such as answering shareholder inquiries regarding Class Z shares and providing reports and other information, and services related to the maintenance of shareholder accounts. During the period ended May 31, 2011, Class Z shares were charged $215,801 pursuant to the Shareholder Services Plan.

The fund compensates DreyfusTransfer, Inc., a wholly-owned subsidiary of the Manager, under a transfer agency agreement for providing personnel and facilities to perform transfer agency services for the fund. During the period ended May 31, 2011, the fund was charged $153,288 pursuant to the transfer agency agreement, which is included in Shareholder servicing costs in the Statement of Operations.

The fund has arrangements with the custodian and cash management bank whereby the fund may receive earnings credits when positive cash balances are maintained, which are used to offset custody and cash management fees. For financial reporting purposes, the fund includes net earnings credits as an expense offset in the Statement of Operations.

The fund compensates The Bank of New York Mellon under a cash management agreement for performing cash management services related to fund subscriptions and redemptions. During the period

30

ended May 31, 2011, the fund was charged $25,091 pursuant to the cash management agreement, which is included in Shareholder servicing costs in the Statement of Operations.These fees were partially offset by earnings credits of $1,433.

The fund also compensates The Bank of New York Mellon under a custody agreement for providing custodial services for the fund. During the period ended May 31, 2011, the fund was charged $18,539 pursuant to the custody agreement.

During the period ended May 31, 2011, the fund was charged $6,387 for services performed by the Chief Compliance Officer.

The components of “Due toThe Dreyfus Corporation and affiliates” in the Statement of Assets and Liabilities consist of: management fees $167,555, Rule 12b-1 distribution plan fees $2,156, shareholder services plan fees $27,207, custodian fees $9,524, chief compliance officer fees $3,006 and transfer agency per account fees $25,847.

(d) Each Board member also serves as a Board member of other funds within the Dreyfus complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

NOTE 4—Securities Transactions:

The aggregate amount of purchases and sales of investment securities, excluding short-term securities, during the period ended May 31, 2011, amounted to $123,018,534 and $144,149,835, respectively.

At May 31, 2011, the cost of investments for federal income tax purposes was $225,012,718; accordingly, accumulated net unrealized appreciation on investments was $46,271,543, consisting of $53,662,448 gross unrealized appreciation and $7,390,905 gross unrealized depreciation.

The Fund  31 

REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

Shareholders and Board of Directors
The Dreyfus Third Century Fund, Inc.

We have audited the accompanying statement of assets and liabilities of The Dreyfus Third Century Fund, Inc., including the statement of investments, as of May 31, 2011 and the related statement of operations for the year then ended, the statement of changes in net assets for each of the two years in the period then ended and financial highlights for each of the years indicated therein. These financial statements and financial highlights are the responsibility of the Fund’s management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits.

We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement.We were not engaged to perform an audit of the Fund’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements and financial highlights, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation. Our procedures included confirmation of securities owned as of May 31, 2011 by correspondence with the custodian and others.We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements and financial highlights referred to above present fairly, in all material respects, the financial position of The Dreyfus Third Century Fund, Inc. at May 31, 2011, the results of its operations for the year then ended, the changes in its net assets for each of the two years in the period then ended, and the financial highlights for each of the indicated years, in conformity with U.S. generally accepted accounting principles.

New York, New York
July 26, 2011

32

IMPORTANT TAX INFORMATION (Unaudited)

For federal tax purposes the fund hereby designates 100% of the ordinary dividends paid during the fiscal year ended May 31, 2011 as qualifying for the corporate dividends received deduction. Also certain dividends paid by the fund may be subject to a maximum tax rate of 15%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. Of the distributions paid during the fiscal year, $1,360,037 represents the maximum amount that may be considered qualified dividend income. Shareholders will receive notification in early 2012 of the percentage applicable to the preparation of their 2011 income tax returns.

The Fund  33 

BOARD MEMBERS INFORMATION (Unaudited)

Joseph S. DiMartino (67) 

Chairman of the Board (1995) 

Principal Occupation During Past 5Years: 

• Corporate Director and Trustee 

Other Public Company Board Memberships During Past 5Years: 

• CBIZ (formerly, Century Business Services, Inc.), a provider of outsourcing functions for small 

and medium size companies, Director (1997-present) 

• Sunair Services Corporation, a provider of certain outdoor-related services to homes and 

businesses, Director (2005-2009) 

• The Newark Group, a provider of a national market of paper recovery facilities, paperboard 

mills and paperboard converting plants, Director (2000-2010) 

No. of Portfolios for which Board Member Serves: 170 

——————— 

Clifford L. Alexander, Jr. (77) 

Board Member (1981) 

Principal Occupation During Past 5Years: 

• President of Alexander & Associates, Inc., a management consulting firm ( January 1981-present) 

No. of Portfolios for which Board Member Serves: 46 

——————— 

David W. Burke (75) 

Board Member (2003) 

Principal Occupation During Past 5Years: 

• Corporate Director and Trustee 

No. of Portfolios for which Board Member Serves: 84 

——————— 

Whitney I. Gerard (76) 

Board Member (2003) 

Principal Occupation During Past 5Years: 

• Partner of Chadbourne & Parke LLP 

No. of Portfolios for which Board Member Serves: 26 

34

Nathan Leventhal (68) 

Board Member (2009) 

Principal Occupation During Past 5Years: 

• Commissioner, NYC Planning Commission (March 2007-present) 

• Chairman of the Avery-Fisher Artist Program (November 1997-present) 

Other Public Company Board Memberships During Past 5Years: 

• Movado Group, Inc., Director (2003-present) 

No. of Portfolios for which Board Member Serves: 44 

——————— 

George L. Perry (77) 

Board Member (2003) 

Principal Occupation During Past 5Years: 

• Economist and Senior Fellow at Brookings Institution 

No. of Portfolios for which Board Member Serves: 26 

——————— 

Benaree Pratt Wiley (65) 

Board Member (2009) 

Principal Occupation During Past 5Years: 

• Principal,TheWiley Group, a firm specializing in strategy and business development (2005-present) 

Other Public Company Board Memberships During Past 5Years: 

• CBIZ (formerly, Century Business Services, Inc.), a provider of outsourcing functions for small 

and medium size companies, Director (2008-present) 

No. of Portfolios for which Board Member Serves: 70 

——————— 

Once elected all Board Members serve for an indefinite term, but achieve Emeritus status upon reaching age 80.The address of the Board Members and Officers is in c/o The Dreyfus Corporation, 200 Park Avenue, NewYork, NewYork 10166.Additional information about the Board Members is available in the fund’s Statement of Additional Information which can be obtained from Dreyfus free of charge by calling this toll free number: 1-800-DREYFUS.

Lucy Wilson Benson, Emeritus Board Member
Arthur A. Hartman, Emeritus Board Member

The Fund  35 

OFFICERS OF THE FUND (Unaudited)

36

The Fund  37 

OFFICERS OF THE FUND (Unaudited) (continued)

38

NOTES

For More Information

Telephone Call your financial representative or 1-800-DREYFUS

Mail The Dreyfus Family of Funds, 144 Glenn Curtiss Boulevard, Uniondale, NY 11556-0144

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. The fund’s Forms N-Q are available on the SEC’s website at http://www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-800-SEC-0330.

A description of the policies and procedures that the fund uses to determine how to vote proxies relating to portfolio securities, and information regarding how the fund voted these proxies for the most recent 12-month period ended June 30 is available at http://www.dreyfus.com and on the SEC’s website at http://www.sec.gov. The description of the policies and procedures is also available without charge, upon request, by calling 1-800-DREYFUS.

Item 2.                        Code of Ethics.

The Registrant has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions.  There have been no amendments to, or waivers in connection with, the Code of Ethics during the period covered by this Report.

Item 3.                        Audit Committee Financial Expert.

The Registrant's Board has determined that Joseph S. DiMartino, a member of the Audit Committee of the Board, is an audit committee financial expert as defined by the Securities and Exchange Commission (the "SEC"). Mr. DiMartino is "independent" as defined by the SEC for purposes of audit committee financial expert determinations.

Item 4.                        Principal Accountant Fees and Services.

(a)  Audit Fees.  The aggregate fees billed for each of the last two fiscal years (the "Reporting Periods") for professional services rendered by the Registrant's principal accountant (the "Auditor") for the audit of the Registrant's annual financial statements or services that are normally provided by the Auditor in connection with the statutory and regulatory filings or engagements for the Reporting Periods, were $27,935 in 2010 and $30,312 in 2011.

(b)  Audit-Related Fees. The aggregate fees billed in the Reporting Periods for assurance and related services by the Auditor that are reasonably related to the performance of the audit of the Registrant's financial statements and are not reported under paragraph (a) of this Item 4 were $5,382 in 2010 and $6,000 in 2011. These services consisted of one or more of the following: (i) agreed upon procedures related to compliance with Internal Revenue Code section 817(h), (ii) security counts required by Rule 17f-2 under the Investment Company Act of 1940, as amended, (iii) advisory services as to the accounting or disclosure treatment of Registrant transactions or events and (iv) advisory services to the accounting or disclosure treatment of the actual or potential impact to the Registrant of final or proposed rules, standards or interpretations by the Securities and Exchange Commission, the Financial Accounting Standards Boards or other regulatory or standard-setting bodies.

The aggregate fees billed in the Reporting Periods for non-audit assurance and related services by the Auditor to the Registrant's investment adviser (not including any sub-investment adviser whose role is primarily portfolio management and is subcontracted with or overseen by another investment adviser), and any entity controlling, controlled by or under common control with the investment adviser that provides ongoing services to the Registrant ("Service Affiliates"), that were reasonably related to the performance of the annual audit of the Service Affiliate, which required pre-approval by the Audit Committee were $0 in 2010 and $0 in 2011.

(c)  Tax Fees.  The aggregate fees billed in the Reporting Periods for professional services rendered by the Auditor for tax compliance, tax advice, and tax planning ("Tax Services") were $3,184 in 2010 and $3,863 in 2011. These services consisted of: (i) review or preparation of U.S. federal, state, local and excise tax returns; (ii) U.S. federal, state and local tax planning, advice and assistance regarding statutory, regulatory or administrative developments; (iii) tax advice regarding tax qualification matters and/or treatment of various financial instruments held or proposed to be acquired or held, and (iv) determination of Passive Foreign Investment Companies. The aggregate fees billed in the Reporting Periods for Tax Services by the Auditor to Service Affiliates, which required pre-approval by the Audit Committee were $0 in 2010 and $0 in 2011. 

(d)  All Other Fees.  The aggregate fees billed in the Reporting Periods for products and services provided by the Auditor, other than the services reported in paragraphs (a) through (c) of this Item, were $0 in 2010 and $170 in 2011. [These services consisted of a review of the Registrant's anti-money laundering program].

The aggregate fees billed in the Reporting Periods for Non-Audit Services by the Auditor to Service Affiliates, other than the services reported in paragraphs (b) through (c) of this Item, which required pre-approval by the Audit Committee, were $0 in 2010 and $0 in 2011. 

(e)(1) Audit Committee Pre-Approval Policies and Procedures. The Registrant's Audit Committee has established policies and procedures (the "Policy") for pre-approval (within specified fee limits) of the Auditor's engagements for non-audit services to the Registrant and Service Affiliates without specific case-by-case consideration. The pre-approved services in the Policy can include pre-approved audit services, pre-approved audit-related services, pre-approved tax services and pre-approved all other services.  Pre-approval considerations include whether the proposed services are compatible with maintaining the Auditor's independence.  Pre-approvals pursuant to the Policy are considered annually.

(e)(2) Note: None of the services described in paragraphs (b) through (d) of this Item 4 were approved by the Audit Committee pursuant to paragraph (c)(7)(i)(C) of Rule 2-01 of Regulation S-X.

(f) None of the hours expended on the principal accountant's engagement to audit the registrant's financial statements for the most recent fiscal year were attributed to work performed by persons other than the principal account's full-time, permanent employees.

Non-Audit Fees. The aggregate non-audit fees billed by the Auditor for services rendered to the Registrant, and rendered to Service Affiliates, for the Reporting Periods were $28,017,293 in 2010 and $19,526,919 in 2011. 

Auditor Independence. The Registrant's Audit Committee has considered whether the provision of non-audit services that were rendered to Service Affiliates, which were not pre-approved (not requiring pre-approval), is compatible with maintaining the Auditor's independence.

Item 5.                        Audit Committee of Listed Registrants.

                        Not applicable.  [CLOSED-END FUNDS ONLY]

Item 6.                        Investments.

(a)Not applicable.

Item 7.            Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.

                        Not applicable.  [CLOSED-END FUNDS ONLY]

Item 8.                        Portfolio Managers of Closed-End Management Investment Companies.

Not applicable.  [CLOSED-END FUNDS ONLY, beginning with reports for periods ended on and after December 31, 2005]

Item 9.                        Purchases of Equity Securities by Closed-End Management Investment Companies and Affiliated Purchasers.

Not applicable.  [CLOSED-END FUNDS ONLY]

Item 10.          Submission of Matters to a Vote of Security Holders.

There have been no material changes to the procedures applicable to Item 10.

Item 11.          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-CSR 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-CSR 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 second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.  

Item 12.          Exhibits.

(a)(1)   Code of ethics referred to in Item 2.

(a)(2)   Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

(a)(3)   Not applicable.

(b)        Certification of principal executive and principal financial officers as required by Rule 30a-2(b) 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.

The Dreyfus Third Century Fund, Inc.

By:       /s/ Bradley J. Skapyak
Bradley J. Skapyak,             President
Date:	July 25, 2011
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:	July 25, 2011
By:       /s/ James Windels
James Windels,             Treasurer
Date:	July 25, 2011

EXHIBIT INDEX

(a)(1)   Code of ethics referred to in Item 2.

(a)(2)   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)

(b)        Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940.  (EX-99.906CERT)

EX-99

Exhibit (a) (1)

THE DREYFUS FAMILY OF FUNDS

CODE OF ETHICS FOR PRINCIPAL EXECUTIVE

AND SENIOR FINANCIAL OFFICERS

1.Covered Officers/Purpose of the Code

This code of ethics (the "Code") for the investment companies within the complex (each, a "Fund") applies to each Fund's Principal Executive Officer, Principal Financial Officer, Principal Accounting Officer or Controller, or other persons performing similar functions, each of whom is listed on Exhibit A(the "Covered Officers"), for the purpose of promoting:

·honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships;

·full, fair, accurate, timely and understandable disclosure in reports and documents that the Fund files with, or submits to, the Securities and Exchange Commission (the "SEC") and in other public communications made by the Fund;

·compliance with applicable laws and governmental rules and regulations;

·the prompt internal reporting of violations of the Code to an appropriate person or persons identified in the Code; and

·accountability for adherence to the Code.

Each Covered Officer should adhere to a high standard of business ethics and should be sensitive to situations that may give rise to actual as well as apparent conflicts of interest.

2.Covered Officers Should Handle Ethically Actual and Apparent Conflicts of Interest

Overview. A "conflict of interest" occurs when a Covered Officer's private interest interferes with the interests of, or his service to, the Fund.  For example, a conflict of interest would arise if a Covered Officer, or a member of his family, receives improper personal benefits as a result of his position with the Fund.

Certain conflicts of interest arise out of the relationships between Covered Officers and the Fund and already are subject to conflict of interest provisions in the Investment Company Act of 1940, as amended (the "Investment Company Act"), and the Investment Advisers Act of 1940, as amended (the "Investment Advisers Act"). For example, Covered Officers may not individually engage in certain transactions (such as the purchase or sale of securities or other property) with the Fund because of their status as "affiliated persons" of the Fund. The compliance programs and procedures of the Fund and the Fund's investment adviser (the "Adviser") are designed to prevent, or identify and correct, violations of these provisions. The Code does not, and is not intended to, repeat or replace these programs and procedures, and the circumstances they cover fall outside of the parameters of the Code.

Although typically not presenting an opportunity for improper personal benefit, conflicts arise from, or as a result of, the contractual relationship between the Fund and the Adviser of which the Covered Officers are also officers or employees.  As a result, the Code recognizes that the Covered Officers, in the ordinary course of their duties (whether formally for the Fund or for the Adviser, or for both), will be involved in establishing policies and implementing decisions that will have different effects on the Adviser and the Fund. The participation of the Covered Officers in such activities is inherent in the contractual relationship between the Fund and the Adviser and is consistent with the performance by the Covered Officers of their duties as officers of the Fund and, if addressed in conformity with the provisions of the Investment Company Act and the Investment Advisers Act, will be deemed to have been handled ethically. In addition, it is recognized by the Fund's Board that the Covered Officers also may be officers or employees of one or more other investment companies covered by this or other codes of ethics.

Other conflicts of interest are covered by the Code, even if such conflicts of interest are not subject to provisions in the Investment Company Act and the Investment Advisers Act.  Covered Officers should keep in mind that the Code cannot enumerate every possible scenario.  The overarching principle of the Code is that the personal interest of a Covered Officer should not be placed improperly before the interest of the Fund.

Each Covered Officer must:

·not use his personal influence or personal relationships improperly to influence investment decisions or financial reporting by the Fund whereby the Covered Officer would benefit personally to the detriment of the Fund;

·not cause the Fund to take action, or fail to take action, for the individual personal benefit of the Covered Officer rather than the benefit of the Fund; and

·not retaliate against any employee or Covered Officer for reports of potential violations that are made in good faith.

3.Disclosure and Compliance

·Each Covered Officer should familiarize himself with the disclosure requirements generally applicable to the Fund within his area of responsibility;

·each Covered Officer should not knowingly misrepresent, or cause others to misrepresent, facts about the Fund to others, whether within or outside the Fund, including to the Fund's Board members and auditors, and to governmental regulators and self-regulatory organizations;

·each Covered Officer should, to the extent appropriate within his area of responsibility, consult with other officers and employees of the Fund and the Adviser with the goal of promoting full, fair, accurate, timely and understandable disclosure in the reports and documents the Fund files with, or submits to, the SEC and in other public communications made by the Fund; and

·it is the responsibility of each Covered Officer to promote compliance with the standards and restrictions imposed by applicable laws, rules and regulations.

4.Reporting and Accountability

Each Covered Officer must:

·upon adoption of the Code (or thereafter, as applicable, upon becoming a Covered Officer), affirm in writing to the Board that he has received, read, and understands the Code;

·annually thereafter affirm to the Board that he has complied with the requirements of the Code; and

·notify the Adviser's General Counsel (the "General Counsel") promptly if he knows of any violation of the Code.  Failure to do so is itself a violation of the Code.

The General Counsel is responsible for applying the Code to specific situations in which questions are presented under it and has the authority to interpret the Code in any particular situation. However, waivers sought by any Covered Officer will be considered by the Fund's Board.

The Fund will follow these procedures in investigating and enforcing the Code:

·the General Counsel will take all appropriate action to investigate any potential violations reported to him;

·if, after such investigation, the General Counsel believes that no violation has occurred, the General Counsel is not required to take any further action;

·any matter that the General Counsel believes is a violation will be reported to the Board;

·if the Board concurs that a violation has occurred, it will consider appropriate action, which may include: review of, and appropriate modifications to, applicable policies and procedures; notification to appropriate personnel of the Adviser or its board; or dismissal of the Covered Officer;

·the Board will be responsible for granting waivers, as appropriate; and

·any waivers of or amendments to the Code, to the extent required, will be disclosed as provided by SEC rules.

5.Other Policies and Procedures

The Code shall be the sole code of ethics adopted by the Fund for purposes of Section 406 of the Sarbanes-Oxley Act of 2002 and the rules and forms applicable to registered investment companies thereunder. The Fund's, its principal underwriter's and the Adviser's codes of ethics under Rule 17j-1 under the Investment Company Act and the Adviser's additional policies and procedures, including its Code of Conduct, are separate requirements applying to the Covered Officers and others, and are not part of the Code.

6.Amendments 

The Code may not be amended except in written form, which is specifically approved or ratified by a majority vote of the Fund's Board, including a majority of independent Board members.

7.Confidentiality 

All reports and records prepared or maintained pursuant to the Code will be considered confidential and shall be maintained and protected accordingly. Except as otherwise required by law or the Code, such matters shall not be disclosed to anyone other than the appropriate Funds and their counsel, the appropriate Boards (or Committees) and their counsel and the Adviser. 

8.Internal Use

The Code is intended solely for the internal use by the Fund and does not constitute an admission, by or on behalf of the Fund, as to any fact, circumstance, or legal conclusion.

                                                                                                Dated as of:  July 1, 2003

Exhibit A

Persons Covered by the Code of Ethics

Bradley J. Skapyak	President	(Principal Executive Officer)
James Windels	Treasurer	(Principal Financial and Accounting Officer)

Revised as of January 1, 2010

EX-99.CERT

[EX-99.CERT]—Exhibit  (a)(2)

SECTION 302 CERTIFICATION

I, Bradley J. Skapyak, certify that:

1.  I have reviewed this report on Form N-CSR of The Dreyfus Third Century Fund, 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) 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

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

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/ Bradley J. Skapyak

            Bradley J. Skapyak,

            President

Date:    July 25, 2011

SECTION 302 CERTIFICATION

I, James Windels, certify that:

1.  I have reviewed this report on Form N-CSR of The Dreyfus Third Century Fund, 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 financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) 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

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

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,

            Treasurer

Date:    July 25, 2011

EX-99.906CERT

[EX-99.906CERT] 

Exhibit (b)

SECTION 906 CERTIFICATIONS

            In connection with this report on Form N-CSR for the Registrant as furnished to the Securities and Exchange Commission on the date hereof (the "Report"), the undersigned hereby certify, pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that:

            (1)        the Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable; and

            (2)        the information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

By:       /s/ Bradley J. Skapyak

Bradley J. Skapyak,

            President

Date:    July 25, 2011

By:       /s/ James Windels

            James Windels,

            Treasurer

Date:    July 25, 2011

This certificate is furnished pursuant to the requirements of Form N-CSR and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, or otherwise subject to the liability of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933 or the Securities Exchange Act of 1934.