Sub-Item 77O
Rule10f-3Transactions

DREYFUS MUNICIPAL BOND OPPORTUNITY FUND

On March 24, 2009, Dreyfus Municipal Bond Opportunity Fund (the “Fund”) purchased $5,000,000 of State of California General Obligation Bonds – Rated: A-2 (Moody’s) / A (S&P) / A (Fitch) – CUSIP# 13063A4W1 (the “Bonds”). The Bonds were purchased from Merrill Lynch, a member of the underwriting syndicate offering the Bonds, from their account. Pershing LLC, an affiliate of the Fund, was a member of the syndicate but received no benefit in connection with the transaction. No other member received any economic benefit. The following is a list of the syndicate’s primary members:

Merrill Lynch & Co.

Citigroup Global Markets Inc.

E.J. De La Rosa & Co., Inc.

Alamo Capital

Backstrom McCarley Berry & Co., LLC

Banc of America Securities LLC

Barclays Capital

Blaylock Robert Van, LLC

City National Securities, Inc.

Comerica Securities

DEPFA First Albany Securities LLC

Edward D. Jones & Co.

Fidelity Capital Markets

Goldman, Sachs & Co.

Great Pacific Securities Inc.

Grigsby & Associates, Inc.

J.P. Morgan Securities Inc.

Jackson Securities, LLC

Jesup & Lamont Inc.

Loop Capital Markets

Morgan Keegan & Co., Inc.

Morgan Stanley & Co. Incorporated

Nollenberger Capital Partners Inc.

Northern Trust Securities, Inc.

Pershing L.L.C., Principal Trading

Piper Jaffray

Prager, Sealy & Co., LLC

Ramirez & Co., Inc.

Raymond James & Associates, Inc.

RBC Capital Markets

Rice Financial Products Company (formerly Apex Pryor Securities) 

Siebert Brandford Shank & Co.

SL Hare Capital

Accompanying this statement are materials presented to the Board of Trustees of Dreyfus Municipal Bond Opportunity Fund, which ratified the purchase as in compliance with the Fund’s Rule 10f-3 Procedures, at the Fund’s Board meeting held on July 21, 2009.