Exhibit


                         Rule 10f-3 Transactions

      On  July  28,  2001, Dreyfus Premier Municipal Bond Fund (the  "Fund")
purchased  $2.5  million  of municipals bonds issued  by  Highlands  County,
Florida  - Health Facility Authority Rev. - Adventist/Sunbelt (the "Bonds").
The  Bonds were purchased from Ziegler Capital Markets Group a member of the
underwriting  syndicate offering the Bonds.  Mellon Financial  Markets,  LLC
("Mellon"),   an affiliate of the Fund, was a member of the syndicate.   The
transaction  was designated as a "group sale", but Mellon was excluded  from
receipt  of  compensation.   The following is  a  list  of  the  syndicate's
members:

                         Ziegler Capital Markets Group
                         Goldman, Sachs & Co.
                         Mellon Financial Markets, LLC
                         SouthTrust Securities, Inc.
                         SunTrust Equitable Securities
                         Wachovia Securities, Inc.

     Accompanying this statement are materials presented to the Fund's Board
of  Trustees, which ratified the purchase as in compliance with  the  Fund's
Rule 10f-3 Procedures, at the Fund's Board meeting held on October 3, 2001.