N-Q 1 form.htm QUARTERLY SCHEDULE form.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., 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                                      811-4764

DREYFUS PREMIER MUNICIPAL BOND 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:   4/30    
Date of reporting period:   7/31/08    

FORM N-Q

Item 1.

Schedule of Investments.

 

STATEMENT OF INVESTMENTS            
Dreyfus Premier Municipal Bond Fund                
July 31, 2008 (Unaudited)                
 
Long-Term Municipal   Coupon   Maturity   Principal    
Investments--104.0%   Rate (%)   Date   Amount ($)   Value ($)
 
 
 
 
Alabama--.6%                
Alabama University,                
HR (Insured; MBIA, Inc.)   5.75   9/1/10   3,000,000 a   3,239,040
Arizona--2.4%                
Arizona Health Facilities                
Authority, Health Care                
Facilities Revenue (The                
Beatitudes Campus Project)   5.20   10/1/37   2,400,000   1,909,032
City of Phoenix, County of                
Maricopa and the County of                
Pima Industrial Development                
Authorities, SFMR                
(Collateralized: FHLMC, FNMA                
and GNMA)   5.80   12/1/39   7,810,000   7,766,264
Pima County Industrial Development                
Authority, Education Revenue                
(American Charter Schools                
Foundation Project)   5.63   7/1/38   5,000,000   4,425,900
California--9.9%                
California,                
GO   5.63   5/1/10   2,530,000 a   2,692,047
California,                
GO (Insured; MBIA, Inc.)   4.25   8/1/33   3,625,000   3,092,125
California,                
GO (Various Purpose)   5.25   11/1/27   5,000,000   5,084,400
California Health Facilities                
Financing Authority, Revenue                
(Sutter Health)   5.25   11/15/46   6,475,000   6,290,463
California Pollution Control                
Financing Authority, PCR (San                

Diego Gas and Electric Company)   5.90   6/1/14   12,710,000 b,c   14,044,296
California Statewide Communities                
Development Authority, Revenue                
(Daughters of Charity Health                
System)   5.25   7/1/35   6,270,000   5,739,056
Golden State Tobacco                
Securitization Corporation,                
Tobacco Settlement                
Asset-Backed Bonds   7.88   6/1/13   2,170,000 a   2,582,994
Golden State Tobacco                
Securitization Corporation,                
Tobacco Settlement                
Asset-Backed Bonds   7.90   6/1/13   1,920,000 a   2,287,430
Golden State Tobacco                
Securitization Corporation,                
Tobacco Settlement                
Asset-Backed Bonds   5.13   6/1/47   3,750,000   2,768,325
Lincoln, Community Facilities                
District Number 2003-1,                
Special Tax Bonds (Lincoln                
Crossing Project)   6.00   9/1/13   3,145,000 a   3,595,427
Los Angeles Department of Water                
and Power, Water System                
Revenue (Insured; AMBAC)   5.00   7/1/35   10,000,000   10,006,000
Colorado--5.1%                
Colorado Educational and Cultural                
Facilities Authority, LR                
(Community Colleges of                
Colorado System Headquarters                
Project) (Insured; AMBAC)   5.50   12/1/21   1,100,000   1,159,345
Colorado Health Facilities                
Authority, Revenue (Poudre                
Hospital) (Insured; FSA)   5.25   3/1/36   5,000,000   5,026,450
Colorado Housing Finance Authority                
(Single Family Program)                
(Collateralized; FHA)   7.15   10/1/30   45,000   45,895
Colorado Housing Finance Authority                

(Single Family Program)                
(Collateralized; FHA)   6.60   8/1/32   2,580,000   2,728,737
Denver City and County,                
Airport Revenue (Insured;                
AMBAC)   6.00   11/15/17   5,000,000   5,083,300
Northwest Parkway Public Highway                
Authority, Revenue   7.13   6/15/11   8,250,000 a   9,279,105
Northwest Parkway Public Highway                
Authority, Revenue (Insured;                
AMBAC)   0.00   6/15/11   6,125,000 a,d   2,106,388
University of Colorado Hospital                
Authority, Revenue   5.25   11/15/39   4,810,000   4,352,906
Connecticut--3.5%                
Connecticut   5.50   12/15/15   7,400,000 b,c   8,355,636
Connecticut Health and Educational                
Facilities Authority, Revenue                
(University of Hartford Issue)                
(Insured; Radian)   5.63   7/1/26   1,810,000   1,786,796
Mashantucket Western Pequot Tribe,                
Special Revenue   5.75   9/1/27   8,000,000 b   7,112,880
Mashantucket Western Pequot Tribe,                
Special Revenue   6.50   9/1/31   3,500,000 b   3,356,710
Delaware--.4%                
Wilmington,                
GO   5.00   12/1/27   2,000,000   2,063,420
Florida--9.1%                
Broward County Housing Finance                
Authority, MFHR (Emerald Palms                
Apartments Project)   5.60   7/1/21   1,810,000   1,801,348
Broward County Housing Finance                
Authority, MFHR (Pembroke                
Villas Project) (Insured; FSA)   5.55   1/1/23   1,000,000   982,440
Broward County School Board,                
COP (Master Lease Purchase                
Agreement) (Insured; FSA)   5.00   7/1/21   1,250,000   1,281,238
Capital Projects Finance                
Authority, Revenue (Capital                

Projects Loan Program-AAAE                
Airport Projects) (Insured;                
MBIA, Inc.)   5.25   6/1/14   1,485,000   1,549,687
Capital Projects Finance                
Authority, Student Housing                
Revenue (Capital Projects Loan                
Program-Florida Universities)                
(Insured; MBIA, Inc.)   5.50   10/1/17   2,520,000   2,613,442
Escambia County Housing Finance                
Authority, SFMR (Multi-County                
Program) (Collateralized: FNMA                
and GNMA)   5.50   10/1/21   1,770,000   1,772,000
Florida Board of Education,                
Lottery Revenue (Insured; FGIC)   5.00   7/1/20   1,480,000   1,512,915
Florida Department of Children and                
Family Services, COP (South                
Florida Evaluation Treatment                
Center Project)   5.00   10/1/21   1,600,000   1,635,664
Florida Housing Finance Agency,                
Housing Revenue (Brittany of                
Rosemont Apartments Project)                
(Insured; AMBAC)   7.00   2/1/35   6,000,000   6,002,400
Florida Intergovernmental Finance                
Commission, Capital Revenue                
(Insured; AMBAC)   5.00   2/1/18   1,000,000   1,027,040
Florida Intergovernmental Finance                
Commission, Capital Revenue                
(Insured; AMBAC)   5.13   2/1/31   1,500,000   1,502,265
Highlands County Health Facilities                
Authority, HR (Adventist                
Health System/Sunbelt                
Obligated Group)   6.00   11/15/11   2,500,000 a   2,761,150
Highlands County Health Facilities                
Authority, HR (Adventist                
Health System/Sunbelt                
Obligated Group)   5.25   11/15/36   9,480,000   9,049,608
Lee County Housing Finance                

Authority, SFMR                
(Collateralized: FHLMC, FNMA                
and GNMA)   6.30   3/1/29   100,000   101,448
Manatee County Housing Finance                
Authority, SFMR                
(Collateralized; GNMA)   5.85   11/1/33   1,120,000   1,096,749
Miami-Dade County,                
Aviation Revenue, Miami                
International Airport (Hub of                
the Americas) (Insured; FSA)   5.00   10/1/33   1,285,000   1,173,449
Miami-Dade County,                
Solid Waste System Revenue                
(Insured; FSA)   5.50   10/1/17   2,595,000   2,755,163
Miami-Dade County Housing Finance                
Authority, MFMR (Country Club                
Villas II Project) (Insured;                
FSA)   5.70   7/1/21   400,000   402,412
Orange County Housing Finance                
Authority, MFHR (Palm Grove                
Gardens) (Collateralized; FNMA)   5.15   1/1/23   1,175,000   1,196,103
Orange County Housing Finance                
Authority, MFHR (Seminole                
Pointe Apartments)   5.75   12/1/23   2,840,000   2,784,506
Osceola County Industrial                
Development Authority, Revenue                
(Community Provider Pooled                
Loan Program)   7.75   7/1/17   948,000   948,521
Palm Bay,                
Educational Facilities Revenue                
(Patriot Charter School                
Project)   7.00   7/1/36   215,000   206,970
Palm Bay,                
Utility System Improvement                
Revenue (Insured; FGIC)   0.00   10/1/20   1,845,000 d   998,330
Port of Palm Beach District,                
Revenue (Insured; XLCA)   0.00   9/1/23   1,000,000 d   456,300
Port Saint Lucie,                

Utility System Revenue                
(Insured; MBIA, Inc.)   0.00   9/1/33   4,000,000 d   930,320
Seminole Water Control District,                
Improvement Bonds (Unit of                
Development Number 2)   6.75   8/1/22   1,680,000   1,684,250
South Indian River Water Control                
District, Special Assessment                
Revenue Improvement (Unit of                
Development RI-13) (Insured;                
MBIA, Inc.)   5.00   8/1/21   1,095,000   1,102,391
Village Center Community                
Development District, Utility                
Revenue (Insured; MBIA, Inc.)   5.25   10/1/23   1,000,000   1,041,570
Winter Park,                
Water and Sewer Revenue                
(Insured; AMBAC)   5.38   12/1/18   1,730,000   1,830,392
Winter Springs,                
Water and Sewer Revenue                
(Insured; MBIA, Inc.)   5.00   4/1/20   1,585,000   1,620,282
Georgia--1.7%                
College Park Business and                
Industrial Development                
Authority, Revenue (Civic                
Center Project) (Insured;                
AMBAC)   5.75   9/1/10   4,250,000 a   4,625,530
Georgia   5.25   7/1/10   5,000,000 a   5,279,250
Illinois--4.3%                
Chicago,                
SFMR (Collateralized: FHLMC,                
FNMA and GNMA)   6.45   9/1/29   1,700,000   1,726,826
Chicago Board of Education,                
Unlimited Tax GO (Dedicated                
Revenues)   5.25   12/1/25   10,000,000   10,395,600
Illinois Development Finance                
Authority, Revenue (Community                
Rehabilitation Providers                
Facilities Acquisition Program)   8.75   3/1/10   67,000   67,088

Illinois Development Finance                
Authority, Revenue (Community                
Rehabilitation Providers                
Facilities Acquisition Program)   8.25   8/1/12   216,484   171,912
Illinois Educational Facilities                
Authority, Revenue                
(Northwestern University)   5.00   6/1/12   7,500,000 b,c   7,502,363
Metropolitan Pier and Exposition                
Authority, Dedicated State Tax                
Revenue (McCormick Place                
Expansion Project) (Insured;                
MBIA, Inc.)   5.50   6/15/23   5,000,000   5,281,350
Kansas--1.3%                
Sedgwick and Shawnee Counties,                
SFMR (Mortgage-Backed                
Securities Program)                
(Collateralized: FNMA and GNMA)   5.55   6/1/38   2,500,000   2,447,000
Wichita,                
HR (Via Christi Health System,                
Inc.)   6.25   11/15/19   2,000,000   2,120,480
Wichita,                
HR (Via Christi Health System,                
Inc.)   6.25   11/15/20   3,000,000   3,180,720
Kentucky--2.2%                
Mount Sterling,                
LR (Kentucky League of Cities                
Funding Trust Program)   6.10   3/1/18   5,500,000   6,221,270
Pendleton County,                
Multi-County LR (Kentucky                
Association of Counties                
Leasing Trust Program)   6.40   3/1/19   6,000,000   6,878,220
Louisiana--1.1%                
Louisiana Housing Finance Agency,                
SFMR (Home Ownership Program)                
(Collateralized: FNMA and GNMA)   6.40   12/1/30   1,340,000   1,382,384
Louisiana Local Government                
Environmental Facilities and                

Community Development                
Authority, Revenue (Westlake                
Chemical Corporation Projects)   6.75   11/1/32   5,000,000   4,879,400
Maryland--1.3%                
Maryland Energy Financing                
Administration, SWDR                
(Wheelabrator Water                
Technologies Baltimore LLC                
Projects)   6.45   12/1/16   2,100,000   2,122,701
Maryland Health and Higher                
Educational Facilities                
Authority, Revenue (Johns                
Hopkins University Issue)   5.25   7/1/38   5,000,000 e   5,187,650
Massachusetts--2.7%                
Massachusetts Health and                
Educational Facilities                
Authority, Revenue                
(Massachusetts Institute of                
Technology Issue)   5.25   7/1/30   9,485,000   10,413,392
Massachusetts Industrial Finance                
Agency, Water Treatment                
Revenue                
(Massachusetts-American                
Hingham Project)   6.95   12/1/35   2,450,000   2,454,606
Route 3 North Transportation                
Improvement Association, LR                
(Insured; MBIA, Inc.)   5.75   6/15/10   3,000,000 a   3,193,410
Michigan--5.5%                
Detroit School District,                
School Building and Site                
Improvement Bonds (GO -                
Unlimited Tax) (Insured; FGIC)   5.00   5/1/28   5,000,000   4,950,100
Michigan Building Authority,                
Revenue (Residual Certificates)   5.50   10/15/17   10,000,000 b,c   10,618,100
Michigan Strategic Fund,                
SWDR (Genesee Power Station                
Project)   7.50   1/1/21   7,525,000   7,232,052

Pontiac Tax Increment Finance                
Authority, Tax Increment                
Revenue (Development Area                
Number 3)   6.25   6/1/12   2,640,000 a   2,956,826
Pontiac Tax Increment Finance                
Authority, Tax Increment                
Revenue (Development Area                
Number 3)   6.25   6/1/22   610,000   522,703
Romulus Economic Development                
Corporation, Limited                
Obligation EDR (Romulus HIR                
Limited Partnership Project)                
(Insured; ITT Lyndon Property                
Insurance Company)   7.00   11/1/15   5,000,000   6,016,500
Minnesota--1.8%                
Chaska,                
Electric Revenue   6.00   10/1/10   2,000,000 a   2,146,440
Minnesota Housing Finance Agency,                
SFMR   5.95   1/1/17   405,000   410,597
Saint Paul Housing and                
Redevelopment Authority,                
Hospital Facility Revenue                
(HealthEast Project)   6.00   11/15/30   3,000,000   2,983,260
Saint Paul Housing and                
Redevelopment Authority,                
Hospital Facility Revenue                
(HealthEast Project)   6.00   11/15/35   4,855,000   4,793,487
Mississippi--.3%                
Mississippi Home Corporation,                
SFMR (Collateralized; GNMA)   6.95   12/1/31   1,620,000   1,679,616
Missouri--1.2%                
Missouri Development Finance                
Board, Infrastructure                
Facilities Revenue (Branson                
Landing Project)   5.38   12/1/27   2,470,000   2,314,662
Missouri Health and Educational                
Facilities Authority, Health                

Facilities Revenue (Saint                
Anthony's Medical Center)   6.13   12/1/10   4,000,000 a   4,370,760
Missouri Housing Development                
Commission, SFMR                
(Homeownership Loan Program)                
(Collateralized: FNMA and GNMA)   6.30   9/1/25   95,000   96,293
New Jersey--5.5%                
New Jersey Transportation Trust                
Fund Authority (Transportation                
System) (Insured; AMBAC)   5.00   12/15/27   10,000,000   10,179,200
New Jersey Turnpike Authority,                
Turnpike Revenue (Insured;                
MBIA, Inc.)   5.50   1/1/10   6,000,000 a   6,286,200
New Jersey Turnpike Authority,                
Turnpike Revenue (Insured;                
MBIA, Inc.)   6.00   1/1/11   8,995,000   9,617,094
Tobacco Settlement Financing                
Corporation of New Jersey,                
Tobacco Settlement                
Asset-Backed Bonds   7.00   6/1/13   5,135,000 a   6,025,204
New Mexico--1.1%                
Farmington,                
PCR (Public Service Company of                
New Mexico San Juan Project)   6.38   4/1/22   1,430,000   1,432,932
Jicarilla Apache Nation,                
Revenue   5.50   9/1/23   5,000,000   5,145,350
New York--5.9%                
Austin Trust                
(Port Authority of New York                
and New Jersey, Consolidated                
Bonds, 151th Series)   6.00   9/15/28   9,690,000 b,c   10,384,143
New York City Industrial                
Development Agency, Special                
Facility Revenue (American                
Airlines, Inc. John F. Kennedy                
International Airport Project)   7.13   8/1/11   3,555,000   3,341,202
New York City Industrial                

Development Agency, Special                
Facility Revenue (American                
Airlines, Inc. John F. Kennedy                
International Airport Project)   8.00   8/1/28   3,000,000   2,640,150
New York City Municipal Water                
Finance Authority, Water and                
Sewer System Revenue   6.00   6/15/10   3,085,000 a   3,331,707
New York State Dormitory                
Authority, Revenue (New York                
University) (Insured; MBIA,                
Inc.)   6.00   7/1/17   3,500,000   4,071,865
New York State Dormitory                
Authority, Revenue (Orange                
Regional Medical Center                
Obligated Group)   6.25   12/1/37   5,000,000   4,881,350
New York State Dormitory                
Authority, Revenue (Rochester                
Institute of Technology)                
(Insured; AMBAC)   5.25   7/1/24   3,345,000   3,411,164
New York State Dormitory                
Authority, Revenue (State                
University Educational                
Facilities)   7.50   5/15/13   2,500,000   2,961,175
North Carolina--3.8%                
North Carolina Eastern Municipal                
Power Agency, Power System                
Revenue   7.00   1/1/13   3,500,000   3,875,690
North Carolina Eastern Municipal                
Power Agency, Power System                
Revenue (Insured; ACA)   6.75   1/1/26   5,000,000   5,207,150
North Carolina Medical Care                
Commission, Revenue (North                
Carolina Housing Foundation,                
Inc.) (Insured; ACA)   6.45   8/15/20   1,000,000   997,650
North Carolina Medical Care                
Commission, Revenue (North                
Carolina Housing Foundation,                

Inc.) (Insured; ACA)   6.63   8/15/30   2,565,000   2,531,860
University of North Carolina Board                
of Governors of the University                
of North Carolina at Chapel                
Hill, General Revenue   5.00   12/1/34   9,200,000   9,334,780
Ohio--5.3%                
Buckeye Tobacco Settlement                
Financing Authority, Tobacco                
Settlement Asset-Backed Bonds   6.50   6/1/47   16,000,000   14,278,240
Cleveland-Cuyahoga County Port                
Authority, Senior Special                
Assessment/Tax Increment                
Revenue (University Heights -                
Public Parking Garage Project)   7.35   12/1/31   3,000,000   3,129,570
Cuyahoga County,                
Hospital Facilities Revenue                
(UHHS/CSAHS-Cuyahoga, Inc. and                
CSAHS/UHHS-Canton, Inc.                
Project)   7.50   1/1/30   7,000,000   7,416,220
Hamilton County,                
Sales Tax Refunding and                
Improvement Bonds (Insured;                
AMBAC)   0.00   12/1/25   14,865,000 d   5,912,702
Oklahoma--1.3%                
McGee Creek Authority,                
Water Revenue (Insured; MBIA,                
Inc.)   6.00   1/1/13   6,880,000   7,333,117
Oregon--.6%                
Portland,                
Sewer System Revenue (Insured;                
FGIC)   5.75   8/1/10   3,500,000 a   3,736,985
Pennsylvania--3.2%                
Butler County Industrial                
Development Authority, Health                
Care Facilities Revenue (Saint                
John Lutheran Care Center                
Project) (Collateralized; GNMA)   5.85   4/20/36   4,210,000   4,313,650

Pennsylvania Economic Development                
Financing Authority, SWDR (USG                
Corporation Project)   6.00   6/1/31   5,000,000   4,339,300
Pennsylvania Turnpike Commission,                
Registration Fee Revenue                
(Insured; FSA)   5.25   7/15/28   9,375,000   10,037,719
South Carolina--2.1%                
Greenville County School District,                
Installment Purchase Revenue                
(Building Equity Sooner for                
Tomorrow)   5.50   12/1/12   10,900,000 a,b,c   12,120,800
Tennessee--2.4%                
Johnson City Health and                
Educational Facilities Board,                
Hospital First Mortgage                
Revenue (Mountain States                
Health Alliance)   5.50   7/1/31   7,455,000   6,923,682
Memphis Center City Revenue                
Finance Corporation, Sports                
Facility Revenue (Memphis                
Redbirds Baseball Foundation                
Project)   6.50   9/1/28   8,000,000   6,819,520
Texas--8.3%                
Alliance Airport Authority Inc.,                
Special Facilities Revenue                
(American Airlines, Inc.                
Project)   5.75   12/1/29   3,000,000   1,355,880
Austin Convention Enterprises                
Inc., Convention Center Hotel                
First Tier Revenue   6.00   1/1/11   5,000,000 a   5,443,250
Brazos River Authority,                
PCR (TXU Electric Company                
Project)   8.25   5/1/33   4,000,000   3,962,520
Brazos River Authority,                
PCR (TXU Energy Company LLC                
Project)   5.00   3/1/41   3,000,000   1,857,090
Brazos River Harbor Navigation                

District, Revenue (The Dow                
Chemical Company Project)   4.95   5/15/33   2,600,000   2,212,782
Cities of Dallas and Fort Worth,                
Dallas/Fort Worth                
International Airport, Joint                
Revenue (Insured; FSA)   5.50   11/1/21   3,000,000   3,007,860
Cypress-Fairbanks Independent                
School District, Unlimited Tax                
Schoolhouse Bonds (Permanent                
School Fund Guarantee Program)   5.00   2/15/32   5,250,000 e   5,257,140
North Texas Tollway Authority,                
System, First Tier Revenue   5.63   1/1/33   5,000,000   4,976,700
North Texas Tollway Authority,                
System, First Tier Revenue   5.75   1/1/40   11,850,000   11,874,885
North Texas Tollway Authority                
System, Second Tier Revenue   5.75   1/1/38   5,510,000   5,320,401
Texas Turnpike Authority,                
Central Texas Turnpike System                
Revenue (Insured; AMBAC)   5.75   8/15/38   3,500,000   3,601,290
Washington--2.2%                
Washington Public Power Supply                
System, Revenue (Nuclear                
Project Number 3) (Insured;                
MBIA, Inc.)   7.13   7/1/16   10,425,000   12,719,438
West Virginia--1.0%                
The County Commission of Pleasants                
County, PCR (Allegheny Energy                
Supply Company, LLC Pleasants                
Station Project)   5.25   10/15/37   3,500,000   3,262,805
West Virginia Hospital Finance                
Authority, HR (Charleston Area                
Medical Center, Inc.)   6.00   9/1/10   2,440,000 a   2,642,081
Wisconsin--4.0%                
Badger Tobacco Asset                
Securitization Corporation,                
Tobacco Settlement                
Asset-Backed Bonds   6.13   6/1/27   4,140,000   4,073,760

Badger Tobacco Asset                
Securitization Corporation,                
Tobacco Settlement                
Asset-Backed Bonds   7.00   6/1/28   13,350,000   13,694,163
Wisconsin Health and Educational                
Facilities Authority, Revenue                
(Aurora Health Care, Inc.)   6.40   4/15/33   5,500,000   5,601,035
U.S. Related--2.9%                
Puerto Rico Commonwealth,                
Public Improvement (Insured;                
MBIA, Inc.)   5.25   7/1/13   6,000,000   6,200,280
Puerto Rico Commonwealth,                
Public Improvement (Insured;                
MBIA, Inc.)   5.65   7/1/15   4,000,000   4,399,520
Puerto Rico Electric Power                
Authority, Power Revenue                
(Insured; FSA)   5.25   7/1/27   6,100,000   6,292,455
Total Long-Term Municipal Investments                
(cost $604,883,614)               608,195,974
Short-Term Municipal   Coupon   Maturity   Principal    
Investments--1.1%   Rate (%)   Date   Amount ($)   Value ($)
Georgia--1.0%                
Burke County Development                
Authority, PCR, CP (Oglethorpe                
Power Corporation) (Liquidity                
Facility; Rabobank Nederland)   10.00   8/5/08   5,500,000   5,500,000
Ohio--.1%                
Clark County,                
Health Care Facilities Revenue                
(The Ohio Masonic Home                
Project) (Insured; AMBAC and                
Liquidity Facility; Key Bank)   8.00   8/7/08   720,000 f   720,000
Total Short-Term Municipal Investments                
(cost $6,220,000)               6,220,000
Total Investments (cost $611,103,614)           105.1%   614,415,974
Liabilities, Less Cash and Receivables           (5.1%)   (29,870,653)
Net Assets           100.0%   584,545,321

a      These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the municipal issue and to retire the bonds in full at the earliest refunding date.
 
b      Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At July 31, 2008, these securities amounted to $73,494,928 or 12.6% of net assets.
 
c      Collateral for floating rate borrowings.
 
d      Security issued with a zero coupon. Income is recognized through the accretion of discount.
 
e      Purchased on a delayed delivery basis.
 
f      Variable rate demand note - rate shown is the interest rate in effect at July 31, 2008. Maturity date represents the next demand date, not the ultimate maturity date.
 

A July 31, 2008, the aggregate cost of investment securities for income tax purposes was $611,103,614. Net unrealized appreciation on investments was $3,312,360 of which $19,208,163 related to appreciated investment securities and $15,895,803 related to depreciated investment securities

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

Summary of Abbreviations        
 
 
ABAG   Association Of Bay Area Governments   ACA   American Capital Access
AGC   ACE Guaranty Corporation   AGIC   Asset Guaranty Insurance Company
AMBAC   American Municipal Bond Assurance Corporation   ARRN   Adjustable Rate Receipt Notes
BAN   Bond Anticipation Notes   BIGI   Bond Investors Guaranty Insurance
BPA   Bond Purchase Agreement   CGIC   Capital Guaranty Insurance Company
CIC   Continental Insurance Company   CIFG   CDC Ixis Financial Guaranty
CMAC   Capital Market Assurance Corporation   COP   Certificate of Participation
CP   Commercial Paper   EDR   Economic Development Revenue
EIR   Environmental Improvement Revenue   FGIC   Financial Guaranty Insurance Company
FHA   Federal Housing Administration   FHLB   Federal Home Loan Bank
FHLMC   Federal Home Loan Mortgage Corporation   FNMA   Federal National Mortgage Association

FSA   Financial Security Assurance   GAN   Grant Anticipation Notes
GIC   Guaranteed Investment Contract   GNMA   Government National Mortgage Association
GO   General Obligation   HR   Hospital Revenue
IDB   Industrial Development Board   IDC   Industrial Development Corporation
IDR   Industrial Development Revenue   LOC   Letter of Credit
LOR   Limited Obligation Revenue   LR   Lease Revenue
MFHR   Multi-Family Housing Revenue   MFMR   Multi-Family Mortgage Revenue
PCR   Pollution Control Revenue   PILOT   Payment in Lieu of Taxes
RAC   Revenue Anticipation Certificates   RAN   Revenue Anticipation Notes
RAW   Revenue Anticipation Warrants   RRR   Resources Recovery Revenue
SAAN   State Aid Anticipation Notes   SBPA   Standby Bond Purchase Agreement
SFHR   Single Family Housing Revenue   SFMR   Single Family Mortgage Revenue
SONYMA   State of New York Mortgage Agency   SWDR   Solid Waste Disposal Revenue
TAN   Tax Anticipation Notes   TAW   Tax Anticipation Warrants
TRAN   Tax and Revenue Anticipation Notes   XLCA   XL Capital Assurance

Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157),    
Fair Value Measurements.            
These inputs are summarized in the three broad levels listed below.        
Level 1 - quoted prices in active markets for identical securities.        
Level 2 - other significant observable inputs (including quoted prices for similar securities, 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 July 31, 2008 in valuing the fund's investments carried    
at fair value:            
Valuation Inputs   Investments in Securities ($)   Other Financial Instruments* ($)    
 
 
 
Level 1 - Quoted Prices   0       0
 
 
 
Level 2 - Other Significant Observable Inputs   614,415,974       0
 
 
 
Level 3 - Significant Unobservable Inputs   0       0
 
 
 
Total   614,415,974       0
 
 
 
*Other financial instruments include derivative instruments, such as futures, forward currency        
exchange contracts and swap contracts, which are valued at the unrealized appreciation (depreciation) on the instrument.    

 


 

Item 2. Controls and Procedures.

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 3. Exhibits.

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

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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 MUNICIPAL BOND FUND

By:

/s/ J. David Officer
J. David Officer
President

 

Date:

September 25, 2008


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:

/s/ J. David Officer
J. David Officer
President

 

Date:

By:

September 25, 2008

/s/ James Windels
James Windels
Treasurer

 

Date:

September 25, 2008


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)

4