2

                      REPORT OF PURCHASE OF SECURITIES
                        IN COMPLIANCE WITH RULE 10F-3

This  report must be completed on the date of purchase and must be  provided
promptly  to  the  portfolio management department head  and  to  the  legal
department.  Any changes to the information provided herein must be reported
immediately to each of these departments.

1.   Name of Dreyfus/MPAM Fund:    Dreyfus Premier Municipal Bond Fund

2.   Total Net Assets of Fund:          $421,428,600

3.   Type of Security:             Municipal Bond

4.    Description  of  Security Purchased: Highlands  County,  FL  -  Health
Facility Authority Rev.- Adventist/Sunbelt

5.   Purchased per Firm Commitment Underwriting?   Yes

6.   Security Rating:              Baa1/A-

7.   Name of Underwriting Syndicate
     Dealer Effecting Transaction: B.C. Ziegler & Co.

8.   Name of Affiliated Underwriter in
     Underwriting Syndicate:       Mellon Financial Markets, LLC ("Mellon")

9.   Issue Size:              $165,190,000

10.  Amount Purchased by Fund:     $2,500,000

11.  Percentage  of Principal Amount of Offering Purchased by Fund  (not  to
     exceed  25%  of  offering  with respect to all Dreyfus-managed  funds):
     1.5%

12.  Amount Purchased as a Percentage of Fund Assets:  .6%

13.  Purchase Price of Securities (if at par, so state):   99 5/8

14.       Commission/Spread Received by Principal Underwriters:  5/8

15.  Were  the  Securities purchased prior to the end of the  first  day  on
     which  any sales were made, at a price that was not more than the price
     paid by each other purchaser of the Securities in that offering or  any
     concurrent  offering  of the Securities (except, with  respect  to  the
     purchase  of any eligible foreign offering, for any rights to  purchase
     that were required by law to be granted to existing security holders of
     the  issuer)?    Yes    If the Securities were offered for subscription
     upon exercise of rights, were the Securities purchased on or before the
     fourth  day  preceding the day on which the rights offering terminated?
     N/A

16.  If the Securities were part of an issue registered under the Securities
     Act of 1933, as amended, that was offered to the public, or was purchased
     pursuant to an eligible foreign or Rule 144A offering, was the issuer of
     the Securities in continuous operation for not less than three years,
     including the operations of any predecessors?   N/A

17.  Was  the commission, spread or profit received or to be received by the
     principal  underwriters of the Securities reasonable and fair  compared
     to  the  commission, spread or profit received by others in  connection
     with  the  underwriting  of  similar securities  being  sold  during  a
     comparable period of time?    Yes

18.  Did  the  Fund's  purchase  of the Securities benefit  any  underwriter
     affiliated with the Fund directly or indirectly or, with respect to any
     eligible  municipal securities, was it designated as a "group sale"  or
     otherwise  allocated  to  the  affiliated underwriter's  account?   The
     transaction  was designated as a "group sale", but Mellon was  excluded
     from receipt of compensation.

     /s/  Samuel J. Weinstock                                Purchase  Date:
7/28/01
     Portfolio Manager