N-Q

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 811-4906 

Dreyfus Premier State 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) 

Mark N. Jacobs, 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:	04/30
Date of reporting period:	01/31/05

FORM N-Q

Item 1. Schedule of Investments.

Dreyfus Premier State Municipal Bond Fund,
Connecticut Series Statement of Investments			January 31, 2005 (Unaudited)
	Principal
Long-Term Municipal Investments--96.6%	Amount ($)		Value ($)
Connecticut--67.7%
Connecticut:
5.25%, 3/1/2012 (Prerefunded 3/1/2007)	3,000,000	a	3,201,330
5%, 3/15/2012 (Prerefunded 3/15/2008)	70,000	a	75,670
7.584%, 3/15/2012	5,000,000	b,c	5,810,050
5.125%, 3/15/2013 (Prerefunded 3/15/2008)	25,000	a	27,134
5.25%, 3/1/2016 (Prerefunded 3/1/2007)	2,700,000	a	2,880,063
5%, 8/15/2021 (Insured; FGIC)	2,000,000		2,172,360
5%, 10/15/2021 (Insured; FSA)	3,500,000		3,785,880
5.25%, 10/15/2021 (Insured; MBIA)	7,915,000		8,816,202
5.25%, 10/15/2022 (Insured; MBIA)	2,000,000		2,226,300
Airport Revenue (Bradley International Airport):
5.25%, 10/1/2013 (Insured; FGIC)	30,000		32,668
8.095%, 10/1/2013 (Insured; FGIC)	2,750,000	b,c	3,239,170
5.25%, 10/1/2016 (Insured; FGIC)	20,000		21,516
8.095%, 10/1/2016 (Insured; FGIC)	2,225,000	b,c	2,562,221
(Clean Water Fund) Revenue:
5.25%, 7/15/2012	15,000		16,522
8.072%, 7/15/2012	4,850,000	b,c	5,834,453
5.125%, 9/1/2014 (Prerefunded 9/1/2009)	3,050,000	a	3,379,126
Special Tax Obligation Revenue
(Transportation Infrastructure):
5.50%, Series A, 11/1/2007 (Insured; FSA)	4,580,000		4,943,010
5.50%, Series B, 11/1/2007 (Insured; FSA)	5,000,000		5,396,300
7.125%, 6/1/2010	3,400,000		4,018,086
5.375%, 7/1/2020 (Insured; FSA)	2,000,000		2,245,820
5%, 7/1/2024 (Insured; AMBAC)	3,495,000		3,776,313
Connecticut Development Authority, Revenue:
Airport Facility (Learjet Inc. Project)
7.95%, 4/1/2026	2,300,000		2,688,585
First Mortgage Gross, Health Care Project:
(Church Homes Inc.)
5.80%, 4/1/2021	3,000,000		2,938,770
(Elim Park Baptist Home):
5.375%, 12/1/2018	2,300,000		2,365,366
5.75%, 12/1/2023	1,000,000		1,054,850
PCR (Connecticut Light and Power):
5.85%, 9/1/2028	3,200,000		3,425,216
5.95%, 9/1/2028	1,945,000		2,067,962
Water Facilities (Bridgeport Hydraulic)
6.15%, 4/1/2035 (Insured; AMBAC)	2,750,000		2,990,048
Connecticut Health and Educational Facilities
Authority, Revenue:
(Childrens Medical Center)
5%, 7/1/2021 (Insured; MBIA)	2,000,000		2,167,840
(Danbury Hospital)
5.75%, 7/1/2029 (Insured; AMBAC)	3,000,000		3,337,440

(Greenwich Academy)
5.75%, 3/1/2026 (Insured; FSA)
(Prerefunded 3/1/2006)	3,130,000	a	3,276,797
(Hartford University)
5.625%, 7/1/2026 (Insured; AGIC)	4,200,000		4,598,874
(Hospital for Special Care)
5.375%, 7/1/2017 (Insured; ACA)	3,680,000		3,828,451
(Loomis Chaffee School Project):
5.25%, 7/1/2021	900,000		977,787
5.50%, 7/1/2023	2,150,000		2,364,828
5.25%, 7/1/2031	3,000,000		3,190,020
(New Britian General Hospital)
6.125%, 7/1/2014 (Insured; AMBAC)	1,000,000		1,022,760
(Sacred Heart University):
6.50%, 7/1/2016 (Prerefunded 7/1/2006)	1,465,000	a	1,575,915
6.125%, 7/1/2017 (Prerefunded 7/1/2007)	1,000,000	a	1,102,180
6.625%, 7/1/2026 (Prerefunded 7/1/2006)	2,720,000	a	2,930,636
(Trinity College Issue)
5.875%, 7/1/2026 (Insured; MBIA)
(Prerefunded 7/1/2006)	2,500,000	a	2,670,575
(University of New Haven):
6.625%, 7/1/2016	2,050,000		2,139,790
6.70%, 7/1/2026	8,605,000		8,897,397
(William W. Backus Hospital)
5.75%, 7/1/2027 (Insured; AMBAC)	2,500,000		2,719,100
(Windham Community Memorial Hospital)
6%, 7/1/2020 (Insured; ACA)	1,000,000		1,045,570
(Yale, New Haven Hospital)
5.70%, 7/1/2025 (Insured; MBIA)	8,070,000		8,571,147
(Yale University):
5.125%, 7/1/2027	5,400,000		5,753,754
5%, 7/1/2042	3,510,000		3,647,662
Connecticut Housing Finance Authority
(Housing Mortgage Finance Program):
5.05%, 11/15/2021	4,950,000		5,160,919
6%, 11/15/2027	4,000,000		4,147,160
5.45%, 11/15/2029	5,805,000		5,981,936
Eastern Connecticut Resource Recovery Authority
(Wheelabrator Lisbon Project):
5.50%, 1/1/2014	8,050,000		8,205,365
5.50%, 1/1/2020	7,000,000		7,088,900
Greenwich Housing Authority, MFHR
(Greenwich Close):
6.25%, 9/1/2017	2,840,000		2,882,146
6.35%, 9/1/2027	2,000,000		1,993,920
Hartford Parking System, Revenue
6.50%, 7/1/2025	1,500,000		1,564,155
South Central Connecticut Regional Water Authority,
Water System Revenue
5%, 8/1/2024 (Insured; MBIA)	4,285,000		4,615,631

Sprague, EIR
(International Paper Co. Project)
5.70%, 10/1/2021	1,350,000		1,384,844
Stamford:
6.60%, 1/15/2010	2,750,000		3,219,673
Parking Garage
5%, 2/1/2020	970,000		1,063,838
University of Connecticut:
5.25%, 2/15/2013	3,450,000		3,917,682
5.75%, 3/1/2015 (Insured; FGIC)
(Prerefunded 3/1/2010)	1,770,000	a	2,020,172
5.75%, 3/1/2016 (Insured; FGIC)
(Prerefunded 3/1/2010)	2,500,000	a	2,853,350
5%, 1/15/2018 (Insured; MBIA)	2,370,000		2,607,758
5%, 1/15/2019 (Insured; MBIA)	2,140,000		2,346,125
5.125%, 2/15/2020 (Insured; MBIA)	1,000,000		1,099,100
Special Obligation Student Fee Revenue:
6%, 11/15/2016 (Insured; FGIC)
(Prerefunded 11/15/2010)	2,425,000	a	2,828,544
6%, 11/15/2017 (Insured; FGIC)
(Prerefunded 11/15/2010)	2,000,000	a	2,332,820
5.25%, 11/15/2021 (Insured; FGIC)	1,755,000		1,950,840
5.75%, 11/15/2029 (Insured; FGIC)
(Prerefunded 11/15/2010)	2,500,000	a	2,883,050
U. S. Related--28.9%
Children's Trust Fund of Puerto Rico, Tobacco
Settlement Revenue, Asset Backed Bonds
6%, 7/1/2026 (Prerefunded 7/1/2010)	5,000,000	a	5,721,800
Commonwealth of Puerto Rico:
5.50%, 7/1/2012 (Insured; MBIA)	50,000		57,556
8.618%, 7/1/2012 (Insured; MBIA)	2,000,000	b,c	2,604,440
8.618%, 7/1/2013 (Insured; MBIA)	3,950,000	b,c	5,221,071
5.65%, 7/1/2015 (Insured; MBIA)	6,690,000		7,858,944
(Public Improvement):
5.50%, 7/1/2013 (Insured; MBIA)	100,000		116,090
5.25%, 7/1/2014 (Insured; MBIA)	3,925,000		4,504,095
5.25%, 7/1/2015 (Insured; MBIA)	1,000,000		1,151,160
6%, 7/1/2015 (Insured; MBIA)	2,000,000		2,432,260
5.25%, 7/1/2027 (Insured; FSA)
(Prerefunded 7/1/2011)	2,795,000	a	3,144,766
5.25%, 7/1/2027 (Insured; FSA)	1,705,000		1,873,659
Puerto Rico Aqueduct and Sewer Authority,
Revenue 6.25%, 7/1/2013 (Insured; MBIA)	9,000,000		10,933,290
Puerto Rico Electric Power Authority,
Power Revenue:
5.125%, 7/1/2026 (Insured; FSA)	4,000,000		4,304,800
5.25%, 7/1/2029 (Insured; FSA)	8,000,000		8,693,600
Puerto Rico Highway and Transportation Authority:

Highway Revenue:
5.50%, 7/1/2013 (Insured; MBIA)	10,000		11,426
8.595%, 7/1/2013 (Insured; MBIA)	2,290,000	b,c	2,942,971
5.50%, 7/1/2026 (Insured; FSA)
(Prerefunded 7/1/2006)	2,375,000	a	2,514,935
5.50%, 7/1/2036	8,500,000		9,421,230
Transportation Revenue 5.75%, 7/1/2041	3,000,000		3,406,650
Puerto Rico Industrial Tourist, Educational,
Medical and Environmental Control Facilities
Financing Authority, Revenue (Teachers
Retirement System) 5.50% 7/1/2021	800,000		848,048
Puerto Rico Public Finance Corp.
(Commonwealth Appropriation):
6%, 8/1/2026 (Insured; AGC)	570,000		712,933
6%, 8/1/2026 (Insured; AGC)	4,755,000		5,962,960
University of Puerto Rico, University Revenue
5.50%, 6/1/2015 (Insured; MBIA)	5,000,000		5,124,050
Virgin Islands Public Finance Authority, Revenue,
Gross Receipts Taxes Loan Note
6.375%, 10/1/2019	2,000,000		2,314,920
Virgin Islands Water and Power Authority,
Electric System
5.30%, 7/1/2021	1,750,000		1,774,640
Total Long -Term Municipal Investments
(cost $288,017,183)			313,609,736
Short-Term Municipal Investments - 2.7%
Connecticut;
Connecticut Health and Educational Facilities
Authority, Revenue, VRDN:
(Quinnipac University):
1.84% (LOC; JPMorgan Chase Bank)	1,300,000	d	1,300,000
1.89% (Insured; AGIC)	3,000,000	d	3,000,000
(Yale University):
1.97%, Series V-1	1,000,000	d	1,000,000
1.97%, Series V-2	3,500,000	d	3,500,000
Total Short-Term Municipal Investments
(cost $8,800,000)			8,800,000
Total Investments (cost $296,817,183)	99.3%		322,409,736
Cash and Receivables (Net)	0.7%		2,423,565
Net Assets	100.0%		324,833,301
Notes to Statement of Investments:

a	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. These securities have been deemed
liquid by the Board of Trustees. At January 31, 2005, these securities amounted to $28,214,375 or 8.7% of net assets.
c	Inverse floater security - the interest rate is subject to change periodically.
d	Securities payable on demand. Variable interest rate subject to periodic change.
e	Securities valuation policies and other investment related disclosures are hereby incorporated by reference the
annual and semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

Dreyfus Premier State Municipal Bond Fund, Florida Series
Statement of Investments
January 31, 2005 (Unaudited)
Long--Term Municipal Investments--97.7%
	Principal
	Amount ($)	Value ($)
Brevard County, IDR (Nui Corp Project)
6.40%, 10/1/2024 (Insured; AMBAC)	1,000,000	1,022,800
Brevard County School Board, COP
5%, 7/1/2025 (Insured; FGIC)	2,000,000	2,136,140
Broward County Housing Finance Authority, MFHR:
(Emerald Palms Apartments)
5.60%, 7/1/2021 (Collateralized; FNMA)	2,000,000	2,104,420
(Pembroke Villas Project)
5.55%, 1/1/2023 (Insured; FSA)	1,000,000	1,046,180
Broward County School Board, COP:
5.25%, 7/1/2018 (Insured; MBIA)	1,855,000	2,058,011
5%, 7/1/2021 (Insured; FSA)	1,250,000	1,344,562
Cape Coral, Water & Sewer Revenue
5.25%, 10/1/2017 (Insured; AMBAC)	1,890,000	2,119,862
Capital Projects Finance Authority:
Revenue
(Airports Project):
5.25%, 6/1/2014 (Insured; MBIA)	1,485,000	1,646,271
5%, 6/1/2020 (Insured; MBIA)	1,465,000	1,557,720
Student Housing Revenue
(Capital Projects Loan)
5.50%, 10/1/2017 (Insured; MBIA)	2,520,000	2,742,390
Dade County Housing Finance Authority, SFMR
6.70%, 4/1/2028
(Collateralized: FNMA, GNMA)	2,360,000	2,412,722
Davie, Water & Sewer Revenue
5.25%, 10/1/2018 (Insured; AMBAC)	475,000	531,905
Escambia County, Sales Tax Revenue

5.25%, 10/1/2018 (Insured; AMBAC)	1,200,000	1,338,300
Escambia County Housing Finance Authority,
SFMR (Multi-County Program)
5.50%, 10/1/2021
(Collateralized: FNMA, GNMA)	3,895,000	4,097,930
Florida (Jacksonville Transportation)
5%, 7/1/2012	3,000,000	3,194,610
Florida Board of Education:
Capital Outlay (Public Education):
5%, 6/1/2011	1,200,000	1,277,880
4.75%, 6/1/2019 (Insured; MBIA)	800,000	845,904
Lottery Revenue:
5.25%, 7/1/2017 (Insured; FGIC)	3,890,000	4,294,910
5%, 7/1/2020 (Insured; FGIC)	1,480,000	1,608,079
Florida Housing Finance Agency
(Brittany Rosemont Apartments)
7%, 2/1/2035 (Insured; AMBAC)	6,000,000	6,126,600
Florida Intergovernmental Finance Commission,
Capital Revenue:
5%, 2/1/2018 (Insured; AMBAC)	1,000,000	1,084,490
5.125%, 2/1/2031 (Insured; AMBAC)	1,500,000	1,561,215
Florida Municipal Loan Council, Revenue
5.25%, 5/1/2017 (Insured; MBIA)	1,825,000	2,019,653
Hillsborough County School District,
Sales Tax Revenue
5.375%, 10/1/2018 (Insured; AMBAC)	2,075,000	2,324,083
Jacksonville:
Excise Taxes Revenue
5.375%, 10/1/2019 (Insured; AMBAC)	3,450,000	3,881,526
Guaranteed Entitlement Revenue
5.375%, 10/1/2020 (Insured; FGIC)	3,795,000	4,269,679
Jacksonville Electric Authority, Revenue
5%, 10/1/2013	965,000	982,331
Jea, St John's River Power Park System Revenue:

5%, 10/1/2017	1,500,000	1,626,375
5%, 10/1/2018	1,500,000	1,625,535
Lee County Housing Finance Authority, SFMR:
6.30%, 3/1/2029 (Collateralized: FNMA,GNMA)	400,000	401,528
(Multi-County Program)
7.45%, 9/1/2027 (Collateralized: FNMA,GNMA)	135,000	135,590
Manatee County Housing Finance Authority,
Mortgage Revenue
5.85%, 11/1/2033 (Collateralized; GNMA)	3,335,000	3,558,545
Marion County School Board, COP
5.25%, 6/1/2017 (Insured; FSA)	2,015,000	2,234,373
Miami-Dade County, Solid Waste System Revenue
5.50%, 10/1/2017 (Insured; FSA)	2,595,000	2,929,054
Miami-Dade County Housing Finance Authority, MFMR:
(Country Club Villa)
5.70%, 7/1/2021 (Insured; FSA)	400,000	425,964
(Miami Stadium Apartments)
5.40%, 8/1/2021 (Insured; FSA)	1,275,000	1,344,564
North Miami Educational Facilities, Revenue
(Johnston & Wales University Project)
5%, 4/1/2017	1,800,000	1,948,374
Orange County Housing Finance Authority, MFHR:
(Palm Grove Gardens)
5.15%, 1/1/2023 (Collateralized; FNMA)	1,175,000	1,229,015
(Seminole Pointe Project) 5.75%, 12/1/2023	2,840,000	2,966,721
Osceola County Industrial Development Authority,
Revenue (Community Provider Pooled Loan
Program) 7.75%, 7/1/2017	1,670,000	1,676,596
Palm Bay, Uitlity Revenue:
(Capital Appreciation)
Zero Coupon, 10/1/2020 (Insured; FGIC)	1,845,000	906,209
(Palm Bay Utility Corporation Project)
5%, 10/1/2019 (Insured; MBIA)	500,000	545,355
Palm Beach County Housing Finance Authority,

Single Family Mortgage Purchase Revenue
6.55%, 4/1/2027
(Collateralized: FNMA,GNMA)	285,000	293,388
Palm Beach County School Board, COP
(Master Lease) 5%, 8/1/2017
(Insured; AMBAC)	1,905,000	2,072,335
Pinellas County Housing Finance Authority, SFMR
(Multi-County Program)
6.70%, 2/1/2028
(Collateralized: FNMA,GNMA)	1,360,000	1,388,206
Port Palm Beach District, Revenue:
Zero Coupon, 9/1/2022	1,000,000	441,440
Zero Coupon, 9/1/2023	1,000,000	417,570
Port St. Lucie
Storm Water Utility Revenue
5%, 5/1/2023 (Insured; MBIA)	1,750,000	1,880,743
Seminole Water Control District
6.75%, 8/1/2022	1,860,000	1,912,006
South Broward Hospital District, HR
5.60%, 5/1/2027	4,000,000	4,314,520
St. Lucie County, Sales Tax Revenue
5.25%, 10/1/2017 (Insured; MBIA)	1,885,000	2,114,254
Tampa Utility Tax
Zero Coupon, 4/1/2017 (Insured; AMBAC)	2,110,000	1,250,703
Village Center Community Development District,
Utility Revenue 5.25%, 10/1/2023 (Insured; MBIA)	1,000,000	1,099,760
Winter Park, Water & Sewer Revenue:
5.375%, 12/1/2017 (Insured; AMBAC)	1,645,000	1,854,639
5.375%, 12/1/2018 (Insured; AMBAC)	1,730,000	1,950,471
Winter Springs, Water & Sewer Revenue
5%, 4/1/2020 (Insured; MBIA)	1,585,000	1,720,486

Total Long-Term Municipal Investments

(cost $100,253,472)		105,894,492
Short-Term Municipal Investments--.9%
Dade County Industrial Development
Authority, PCR, VRDN (Florida
Power & Light Company Project) 1.98%
(cost $1,000,000)	1,000,000 a	1,000,000
TOTAL INVESTMENTS (cost $101,253,472)	98.6%	106,894,492
CASH AND RECEIVABLES (Net)	1.4%	1,532,138
NET ASSETS	100.0%	108,426,630

Notes to Statement of Investments:

(a)	Securities payable on demand. Variable interest rate - subject to periodic change.
(b)	At January 31, 2005, the Fund had $27,531,372 (25.4% of net assets) invested in securities whose
payment of principal and interest is dependent upon revenues generated from housing projects.
(c)	At January 31, 2005, 25.0% of the fund's net assets are insured by AMBAC.
(d) 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 on Form N-CSR.

Dreyfus Premier State Municipal Bond Fund, Maryland Series
Statement of Investments
January 31, 2005 (Unaudited)
	Principal
Long-Term Municipal Investments--98.1%	Amount($)		Value($)
	-----------------------		-----------------------
Maryland--96.1%
Anne Arundel County:
EDR (Community College) 5%, 9/1/2017	2,255,000		2,440,429
Special Obligation:
(Arundel Mills) 5.125%, 7/1/2021	1,000,000		1,103,870
(National Business Park):
5.125%, 7/1/2021	1,000,000		1,103,870
5.125%, 7/1/2023	1,125,000		1,233,540
Baltimore, Port Facilities Revenue
(Consolidated Coal Sales Co.) 6.50%, 12/1/2010	4,090,000		4,227,997
Baltimore Board of School Commissioners
School Systems Revenue:
5%, 5/1/2016	1,500,000		1,644,060
5%, 5/1/2017	1,265,000		1,380,646
Baltimore City Housing Corp., MFHR
7.25%, 7/1/2023 (Insured; FHA) (Collateralized; FNMA)	2,810,000		2,850,998
Gaithersburg, Hospital Facilities Improvement Revenue
(Shady Grove) 6.50%, 9/1/2012 (Insured; FSA)	10,000,000		11,661,600
Howard County:
(Consolidated Public Improvement):
5%, 8/15/2015	2,600,000		2,898,428
5%, 8/15/2016	1,000,000		1,111,670
5%, 8/15/2017	1,250,000		1,384,500
5%, 8/15/2018	1,500,000		1,655,295
5%, 8/15/2019	1,000,000		1,099,490
5.25%, 8/15/2020 (Prerefunded 2/15/2012)	1,800,000	a	2,027,862
5.25%, 8/15/2021 (Prerefunded 2/15/2012)	1,765,000	a	1,988,431
COP 8.15%, 2/15/2020	605,000		885,980
(Metropolitan District):
5.25%, 8/15/2019 (Prerefunded 2/15/2012)	155,000	a	174,621
5.25%, 8/15/2019	1,545,000		1,715,429
Hyattsville, Special Obligation (University Town Center)
5.75%, 7/1/2034	3,000,000		3,041,220
Maryland Community Development Administration,
Department of Housing and Community Development:
5.60%, 7/1/2033	1,200,000		1,235,640
Housing Revenue 5.95%, 7/1/2023	3,040,000		3,156,280
Multi-Family Housing (Insured Mortgage)
6.70%, 5/15/2036 (Insured; FHA)	7,710,000		7,895,503
Residential:

Page 1

5.50%, 9/1/2014	890,000	919,984
5.30%, 9/1/2016	5,000,000	5,311,950
5.90%, 9/1/2019	2,000,000	2,087,200
5.85%, 9/1/2021 (Insured; FHA)	7,500,000	7,910,700
5.70%, 9/1/2022	5,340,000	5,458,868
5.60%, 9/1/2028	5,000,000	5,205,150
Single Family Program 4.95%, 4/1/2015	4,605,000	4,865,735
Maryland Department of Transportation,
County Transportation 5.50%, 2/1/2016	1,500,000	1,753,275
Maryland Economic Development Corp., Revenue:
(Health & Mental Hygiene Providers Facilities
Acquisition Program) 8.75%, 3/1/2017	1,020,000	1,025,355
Lease:
5%, 9/15/2014	1,000,000	1,104,270
5%, 9/15/2015	2,025,000	2,232,299
5%, 9/15/2016	1,290,000	1,419,335
(Aviation Administration Facilities):
5.50%, 6/1/2016 (Insured; FSA)	3,120,000	3,473,246
5.50%, 6/1/2018 (Insured; FSA)	2,535,000	2,812,506
5.375%, 6/1/2019 (Insured; FSA)	9,530,000	10,446,119
(Montgomery County Wayne Avenue):
5.25%, 9/15/2014	5,000,000	5,604,550
5.25%, 9/15/2016	2,940,000	3,279,394
Student Housing:
(Frostburg State University) 6%, 10/1/2024	5,000,000	5,244,900
(Morgan State University) 6%, 7/1/2022	2,950,000	3,168,123
(University of Maryland College Park)
6%, 6/1/2021	1,760,000	1,921,832
(University Village at Sheppard Pratt):
5.875%, 7/1/2021 (Insured; ACA)	1,750,000	1,892,853
6%, 7/1/2033 (Insured; ACA)	1,750,000	1,866,638
Maryland Health and Higher Educational Facilities
Authority, Revenue:
(Carroll County General Hospital):
6%, 7/1/2018	500,000	550,470
6%, 7/1/2019	665,000	729,478
6%, 7/1/2020	750,000	819,998
6%, 7/1/2021	550,000	598,802
(Institute College of Art) 5.50%, 6/1/2021	335,000	357,348
(Johns Hopkins Hospital) 5%, 11/15/2019	7,600,000	8,134,812
(Loyola College Issue) 5.375%, 10/1/2026
(Insured; MBIA)	1,710,000	1,810,326
(Union Hospital of Cecil County) 6.70%, 7/1/2009	1,990,000	2,133,618
(University of Maryland Medical Systems):
5%, 7/1/2016 (Insured; AMBAC)	1,075,000	1,179,490
5%, 7/1/2017 (Insured; AMBAC)	500,000	546,210
5.75%, 7/1/2017	3,000,000	3,304,620
6%, 7/1/2022	2,000,000	2,221,240
7%, 7/1/2022 (Insured; FGIC)	4,500,000	6,028,470
5%, 7/1/2024 (Insured; AMBAC)	1,000,000	1,073,790
6%, 7/1/2032	3,000,000	3,262,260

Page 2

Maryland Industrial Development Financing Authority, EDR
(Medical Waste Association) 8.75%, 11/15/2010	630,000	b	440,351
Maryland State and Local Loan Facilities:
5%, 8/1/2016	10,000,000		11,036,600
5%, 8/1/2017	1,200,000		1,318,944
Montgomery County:
5.25%, 10/1/2015	2,000,000		2,246,380
Consolidated Public Improvement 5%, 2/1/2019	7,650,000		8,362,139
Special Obligation (West Germantown
Development District):
5.375%, 7/1/2020 (Insured; Radianassurance)	500,000		543,390
5.50%, 7/1/2027 (Insured; Radianassurance)	2,975,000		3,210,531
Montgomery County Housing Opportunities
Commission, SFMR:
Zero Coupon, 7/1/2028	41,025,000		11,278,593
Zero Coupon, 7/1/2033	3,060,000		596,302
Morgan State University, Academic and Auxiliary
Facilities Fees Revenue:
5%, 7/1/2020 (Insured; FGIC)	500,000		546,400
5%, 7/1/2022 (Insured; FGIC)	1,000,000		1,085,340
Northeast Waste Disposal Authority:
RRR (Hartford County Resource Recovery Facility):
5.25%, 3/15/2013 (Insured; AMBAC)	1,400,000		1,516,172
5.25%, 3/15/2014 (Insured; AMBAC)	1,220,000		1,312,793
Solid Waste Revenue:
5.50%, 4/1/2015 (Insured; AMBAC)	7,000,000		7,742,980
5.50%, 4/1/2016 (Insured; AMBAC)	8,000,000		8,825,600
(Montgomery County Resource Recovery)
6%, 7/1/2008	2,720,000		2,941,190
Prince Georges County
(Consolidated Public Improvement) 5%, 12/1/2016	2,650,000		2,958,301
Washington Suburban Sanitary District
(General Construction):
5%, 6/1/2015	5,000,000		5,487,150
5%, 6/1/2016	1,500,000		1,643,085
U.S. Related--2.0%
Puerto Rico Commonwealth, Public Improvement
5.125%, 7/1/2030 (Insured; FSA)	1,970,000		2,104,846
Puerto Rico Electric Power Authority, Power Revenue
5.125%, 7/1/2026 (Insured; FSA)	1,500,000		1,614,300
Puerto Rico Infrastructure Financing Authority,
Special Tax Revenue 5%, 7/1/2016 (Insured; AMBAC)	1,275,000		1,364,212

Page 3

Total Long-Term Municipal Investments (cost $235,768,507)			247,848,172
Short-Term Municipal Investments--.7%
Baltimore County, EDR, VRDN (Garrison Forest School)
1.91% (LOC; Suntrust Bank)	1,300,000	c	1,300,000
Maryland Economic Development Corp., EDR,
VRDN (Federation of American Societies)
1.91% (LOC; Suntrust Bank)	300,000	c	300,000
Total Short-Term Municipal Investments (cost $1,600,000)			1,600,000
Total Investments (cost $237,368,507)	98.8%		249,448,172
Cash and Receivables (Net)	1.2%		3,149,008
Net Assets	100.0%		252,597,180
Notes to Statement of Investments:

(a) 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) Non-income producing security; interest payment in default. 

(c) Securities payable on demand. Variable interest rate--subject to periodic change. 

(d) 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 on Form N-CSR. 

Page 4

Dreyfus Premier State Municipal Bond Fund,	Massachusetts Series
Statement of Investments
January 31, 2005 (Unaudited)
		Principal
Long-Term Municipal Investments--95.3%		Amount ($)		Value ($)
Massachusetts--89.4%
Bellingham, GO:
5%, 3/1/2017 (insured; AMBAC)		1,945,000		2,122,326
5%, 3/1/2018 (insured; AMBAC)		2,040,000		2,226,803
5%, 3/1/2019 (insured; AMBAC)		2,140,000		2,332,514
5%, 3/1/2020 (insured; AMBAC)		2,245,000		2,441,438
Boston, GO
5.75%, 2/1/2020 (Prerefunded 2/1/2010)		3,945,000	a	4,461,085
Boston Industrial Development Financing Authority,
Sewer Facility Revenue
(Harbor Electric Energy Co. Project)
7.375%, 5/15/2015		2,140,000		2,147,148
Brookline 5.25%, 4/1/2020		3,860,000		4,234,729
Greater Lawrence Sanitation District
5.75%, 6/15/2014 (Insured; MBIA)		1,425,000		1,624,785
Holliston 5.25%, 4/1/2020 (Insured; MBIA)		1,655,000		1,838,771
Hopkinton:
5%, 9/1/2017		1,735,000		1,891,185
5%, 9/1/2018		1,735,000		1,890,872
5%, 9/1/2019		1,735,000		1,887,246
5%, 9/1/2020		1,735,000		1,882,163
Marblehead:
5%, 8/15/2023		1,835,000		1,984,589
5%, 8/15/2024		1,925,000		2,073,995
Massachusetts, Consolidated Loan:
5.375%, 8/1/2021 (Insured; MBIA)
(Prerefunded 8/1/2012)		1,000,000	a	1,128,230
5.375%, 8/1/2022 (Insured; MBIA)
(Prerefunded 8/1/2012)		30,000	a	33,847
5.125%, 3/1/2022 (Insured; FSA)
(Prerefunded 3/1/2012)		3,000,000	a	3,325,650
5%, 11/1/2024 (Insured; FSA)		5,500,000		5,903,865
Massachusetts Bay Transportation Authority:
Assessment Revenue 5.25%, 7/1/2030		6,750,000		7,245,383
(General Transportation Systems):

Page 1

6.20%, 3/1/2016	2,055,000		2,458,109
7%, 3/1/2021	1,000,000		1,287,820
Sales Tax Revenue:
5%, 7/1/2022	1,000,000		1,076,290
5%, 7/1/2032	3,340,000		3,470,895
Massachusetts College Building Authority,
Project Revenue:
5.25%, 5/1/2020 (Insured; XLCA)	2,815,000		3,087,999
Zero Coupon, 5/1/2026 (Insured; MBIA)	5,385,000		1,998,266
Massachusetts Development Finance Agency, Revenue:
(Assumption College)
6%, 3/1/2030 (Insured; AGIC)	1,905,000		2,139,029
(College of Pharmacy) 6.75%, 7/1/2030	2,000,000		2,367,260
(Landmark School) 5.25%, 6/1/2029	1,100,000		1,131,207
(Massachusetts College of Pharmacy)
6.375%, 7/1/2023	1,000,000		1,119,090
(Mount Holyoke College) 5.25%, 7/1/2031	5,000,000		5,285,250
(Neville Communities):
5.75%, 6/20/2022 (Collateralized; GNMA)	600,000		683,472
6%, 6/20/2044 (Collateralized; GNMA)	1,500,000		1,671,075
Resource Recovery (Ogden Haverhill Project)
5.50%, 12/1/2019	1,200,000		1,228,356
Massachusetts Educational Financing Authority,
Education Loan Revenue
5.85%, 7/1/2014 (Insured; AMBAC)	550,000		558,916
Massachusetts Health and Educational
Facilities Authority, Revenue:
(Community College Program)
5.25%, 10/1/2026 (Insured; AMBAC)	2,845,000		3,062,386
(Daughters of Charity)
6.10%, 7/1/2014	1,100,000		1,126,664
(Harvard University):
5%, 7/15/2022	2,945,000		3,185,047
6%, 7/1/2035 (Prerefunded 7/1/2010)	2,500,000	a	2,895,625
(Healthcare Systems --- Covenant Health)
6%, 7/1/2022	5,100,000		5,535,387
(Massachusetts Institute of Technology):
5%, 7/1/2023	1,905,000		2,152,878
5.50%, 7/1/2032	2,160,000		2,574,936
(Medical Academic and Scientific)
6.625%, 1/1/2015	2,500,000		2,556,950
(Milford-Whitinsville Hospital)
6.50%, 7/15/2023	2,250,000		2,471,940
(New England Medical Center Hospital)
5.375%, 5/15/2017 (Insured; FGIC)	1,950,000		2,159,508
(Newton - Wellesley Hospital)
5.875%, 7/1/2015 (Insured; MBIA)	2,000,000		2,066,760

Page 2

(Partners Healthcare System):
6%, 7/1/2016	1,520,000		1,730,960
6%, 7/1/2017	1,145,000		1,305,322
5%, 7/1/2020	1,200,000		1,280,580
5.75%, 7/1/2032	1,350,000		1,483,717
(Schepens Eye Research) 6.50%, 7/1/2028	2,135,000		2,320,361
(Simmons College)
5%, 10/1/2023 (Insured; FGIC)	1,000,000		1,073,340
(Springfield College)
5.125%, 10/15/2023 (Insured; AGIC)	1,100,000		1,182,170
(Tufts University):
5.50%, 8/15/2017	1,700,000		1,988,898
5.50%, 8/15/2018	1,625,000		1,906,758
5.25%, 2/15/2030	2,000,000		2,111,500
(Wheaton College):
5%, 7/1/2016	1,255,000		1,370,121
5%, 7/1/2018	1,375,000		1,487,571
5%, 7/1/2019	1,165,000		1,254,681
Massachusetts Housing Finance Agency:
Housing Development
5.40%, 6/1/2020 (Insured; MBIA)	1,200,000		1,248,084
Housing Projects:
6.30%, 10/1/2013 (Insured; AMBAC)	20,000		20,065
6.375%, 4/1/2021	30,000		30,093
Housing Revenue:
5%, 12/1/2024	1,620,000		1,638,565
5%, 12/1/2026	1,250,000		1,263,388
(Rental Mortgage):
6.50%, 7/1/2025 (Insured; AMBAC)	1,245,000		1,277,009
6.45%, 1/1/2036 (Insured; AMBAC)	2,135,000		2,189,165
6%, 7/1/2037 (Insured; AMBAC)	4,900,000		5,033,231
(Single-Family)
6.35%, 6/1/2017 (Prerefunded 2/1/2005)	830,000	a	830,000
Massachusetts Industrial Finance Agency, Revenue:
Health Care Facility
(Metro Health Foundation, Inc. Project)
6.75%, 12/1/2027	1,000,000		979,270
(Phillips Academy)
5.375%, 9/1/2023 (Prerefunded 9/1/2008)	1,500,000	a	1,666,395
Resource Recovery (Ogden Haverhill Project)
5.60%, 12/1/2019	2,000,000		2,055,240
Water Treatment (American Hingham)
6.95%, 12/1/2035	2,790,000		2,937,842
Massachusetts Port Authority, Revenue
5%, 7/1/2012 (Insured; MBIA)	1,500,000		1,665,990
Massachusetts Water Pollution Abatement Trust:
5.625%, 2/1/2017 (Prerefunded 2/1/2007)	4,870,000	a	5,222,150

Page 3

(Pool Program):
5%, 8/1/2016 (Prerefunded 8/1/2012)	980,000	a	1,091,818
5%, 8/1/2016	20,000		21,854
5.375%, 8/1/2027	3,065,000		3,327,364
5.375%, 8/1/2027 (Prerefunded 8/1/2009)	1,710,000	a	1,910,429
Massachusetts Water Resources Authority:
5.20%, 8/1/2022 (Insured; MBIA)	1,000,000		1,098,160
5.75%, 8/1/2030 (Insured; FGIC)	1,000,000		1,125,830
Medford
5%, 3/15/2019 (Insured; AMBAC)	1,155,000		1,259,089
Narragansett Regional School District
6.50%, 6/1/2016 (Insured; AMBAC)	1,205,000		1,417,417
New England Educational Loan Marketing Corporation
Student Loan Revenue 6.90%, 11/1/2009	1,000,000		1,079,530
Northampton (School Project Loan Act of 1948)
5.75%, 5/15/2016 (Insured; MBIA)
(Prerefunded 5/15/2006)	1,520,000	a	1,615,502
Pittsfield 5.125%, 4/15/2022 (Insured; MBIA)	1,500,000		1,632,135
Route 3 North Transportion Improvement
Association, LR 5.75%, 6/15/2018
(Insured; MBIA) (Prerefunded 6/15/2010)	1,000,000	a	1,135,790
Triton Regional School District:
5.25%, 4/1/2019 (Insured; FGIC)	1,420,000		1,579,608
5.25%, 4/1/2020 (Insured; FGIC)	1,420,000		1,577,421
University of Massacuhsetts Building Authority,
Project Revenue
5.25%, 11/1/2015 (Insured; AMBAC)	2,000,000		2,255,300
Westfield 6.50%, 5/1/2017 (Insured; FGIC)
(Prerefunded 5/1/2010)	1,750,000	a	2,063,618
Woods Hole Marthas Vineyard and Nantucket
Steamship Bonds 5%, 3/1/2019	4,070,000		4,474,029
U.S. Related--5.9%
Commonwealth of Puerto Rico
Public Improvement 5.25%, 7/1/2017	1,460,000		1,676,547
Puerto Rico Electric Power Authority, Power
Revenue 5.125%, 7/1/2026	1,000,000		1,076,200

Page 4

Puerto Rico Highway and Transportation Authority,
Transportation Revenue:
5.75%, 7/1/2019 (Insured; CIFG)	2,000,000		2,338,260
5.75%, 7/1/2020 (Insured; CIFG)	2,000,000		2,338,260
5.50%, 7/1/2023	1,000,000		1,115,040
Puerto Rico Public Buildings Authority,
Guaranteed Government Facilities Revenue:
6.25%, 7/1/2015 (Insured; AMBAC)	1,100,000		1,356,157
5.75%, 7/1/2022	1,900,000		2,257,238
Puerto Rico Public Finance Corp.
(Commonwealth Appropriation)
6%, 8/1/2026 (Insured; AGC)	240,000		300,182
Total Long-Term Investments
(cost $187,715,336)			201,702,983
Short-Term Municipal Investments--3.7%
Massachusetts, VRDN
(Central Artery) 1.94%	1,500,000	b	1,500,000
Massachusetts Health and Educational Facilities
Authority, Revenue, VRDN:
(Capital Assets Program):
Series C 1.80% (Insured; MBIA)	3,000,000	b	3,000,000
Series D 1.90% (Insured; MBIA)	240,000	b	240,000
(Partners Healthcare) 1.88%	1,200,000	b	1,200,000
Massachusetts Water Resource Authority, VRDN
1.97% (LOC; Landesbank Hessen -Thuringen)	2,000,000	b	2,000,000
Total Short-Term Investments
(cost $7,940,000)			7,940,000
Total Investments (cost $195,655,336)	99.0%		209,642,983
Liabilities, Less Cash and Receivables	1.0%		2,060,624
Net Assets	100.0%		211,703,607
Notes to Statement of Investments:

a	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 payable on demand. Variable interest rate--subject to periodic change.
c	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 on Form N-CSR.

Page 5

Dreyfus Premier State Municipal Bond Fund-Michigan Series
Statement of Investments	January 31, 2005 (Unaudited)
Long Term Municipal Investments--93.5%	Principal
	Amount ($)		Value ($)
Michigan:
Allegan Hospital Finance Authority, HR (Allegan General
Hospital):
6.875%, 11/15/2017	4,460,000		4,640,407
7%, 11/15/2021	800,000		833,152
Anchor Bay School District, Building and Site 6%, 5/1/2023
(Insured; FGIC) (Prerefunded 5/1/2009)	1,500,000	a	1,689,390
Brighton Area School District:
Zero Coupon, 5/1/2014 (Insured; AMBAC)	8,000,000		5,586,480
Zero Coupon, 5/1/2020 (Insured; AMBAC)	3,900,000		1,999,257
Clarkston Community School
5.75%, 5/1/2016 (Insured; FGIC) (Prerefunded 5/1/2005)	1,340,000	a	1,365,822
Detroit, Water Supply Systems Revenue
5.75%, 7/1/2028 (Insured; FGIC) (Prerefunded 7/1/2011)	4,000,000	a	4,636,360
Detroit City School District:
5.125%, 5/1/2031 (Insured; FSA)	1,000,000		1,045,720
School Building and Site Improvement:
5.50%, 5/1/2017 (Insured; FGIC)	2,000,000		2,274,540
6%, 5/1/2020 (Insured, FGIC)	1,000,000		1,236,350
Dickinson County Healthcare System, HR:
5.50%, 11/1/2013 (Insured; ACA)	2,515,000		2,720,652
5.70%, 11/1/2018 (Insured; ACA)	1,800,000		1,936,512
Fitzgerald Public School District, School Building
and Site 5%, 5/1/2020 (Insured; AMBAC)	2,000,000		2,181,140
Fowlerville Community Schools School District
5.60%, 5/1/2016
(Insured; MBIA) (Prerefunded 5/1/2007)	2,995,000	a	3,200,996
Grand Rapids Housing Finance Authority, Multi-Family Revenue
7.625%, 9/1/2023 (Collateralized; FNMA)	1,000,000		1,001,870
Grand Valley State University, Revenue
5.25%, 12/1/2020 (Insured; FGIC)	3,000,000		3,284,970
Huron Valley School District
Zero Coupon, 5/1/2018 (Insured; FGIC)	6,270,000		3,535,967
Kalamazoo Hospital Finance Authority,
Hospital Facilities Revenue (Borgess Medical Center)
6.25%, 6/1/2014 (Insured; FGIC)	2,000,000		2,423,060
Lake Orion Community School District
5.80%, 5/1/2015 (Insured; AMBAC)	2,085,000		2,123,343
Michigan Hospital Finance Authority, HR:
(Detroit Medical Center) 8.125%, 8/15/2012	75,000		75,097
(Genesys Health Systems)
8.125%, 10/1/2021 (Prerefunded 10/1/2005)	5,000,000	a	5,295,850
(Henry Ford Health System)
5.625%, 3/1/2017	1,000,000		1,094,270
(Trinity Healtheast) 6%, 12/1/2027 (Insured; AMBAC)	3,500,000		4,002,390
	Page 1

Michigan Housing Representatives, COP
Zero Coupon, 8/15/2022 (Insured; AMBAC)	5,475,000		2,453,238
Michigan Municipal Bond Authority, Clean Water
Revolving Fund Revenue 8.625%, 10/1/2021	5,100,000	b,c	6,370,002
Michigan Building Authority, Revenue (Facilities Program):
5.50%, 10/15/2017	5,000,000		5,640,550
5.50%; 10/15/2018	5,000,000		5,640,550
Michigan Strategic Fund, Limited Obligation Revenue:
(Detroit Education Exempt Facilities) 5.25%, 12/15/2032	1,250,000		1,321,688
(NSF International Project):
5.125%, 8/1/2019	700,000		737,443
5.25%, 8/1/2026	1,000,000		1,040,660
SWDR (Genesee Power Station Project) 7.50%, 1/1/2021	2,600,000		2,451,176
Monroe County Economic Development Corp, Ltd. Obligation
Revenue (Detroit Edison Co. Project)
6.95%, 9/1/2022 (Insured; FGIC)	2,000,000		2,687,600
Northville, Special Assessment (Wayne County)
7.875%, 1/1/2006	15,000		15,062
Pontiac Tax Increment Finance Authority, Revenue
6.375%, 6/1/2031	3,170,000		3,200,210
Redford University School District
5.50%, 5/1/2015 (Insured; AMBAC)	1,260,000		1,461,499
Romulus Economic Development Corp, Ltd. Obligation EDR
(Romulus Hir Ltd. Partnership Project)
7%, 11/1/2015 (Insured; ITT Lyndon Property Insurance Co.)	3,700,000		4,671,102
Sterling Heights, Judgment Funding:
5.375%, 10/1/2017 (Insured; FGIC)	1,000,000		1,101,060
5.375%, 10/1/2018 (Insured; FGIC)	2,030,000		2,235,152
Stockbridge Community Schools
5.50%, 5/1/2021	600,000		661,080
Sturgis Public School District, School Building and
Site 5.625%, 5/1/2025	5,085,000		5,593,703
Wyandotte, Electric Revenue:
5.375%, 10/1/2016 (Insured; MBIA)	1,870,000		2,053,167
5.375%, 10/1/2017 (Insured; MBIA)	2,000,000		2,192,960
TOTAL LONG TERM MUNICIPAL INVESTMENTS			109,711,497
(cost $100,048,454)
Short Term Municipal Investments--5.7%
Michigan:
Detroit, Sewage Disposal Revenue, VRDN
1.90% (SBPA; Dexia Credit Local)	3,000,000	d	3,000,000
Michigan Strategic Fund, Ltd. Obligation Revenue,
VRDN (Detroit Symphony Project)
1.90% (LOC; Standard Federal Bank)	3,700,000	d	3,700,000
TOTAL SHORT TERM MUNICIPAL INVESTMENTS
(cost $6,700,000)			6,700,000
	Page 2

TOTAL INVESTMENTS (Cost $106,748,454)	99.2%	116,411,497
CASH AND RECEIVABLES (NET)	0.8%	984,692
NET ASSETS	100.0%	117,396,189

Notes to Statement of Investments:

a 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 Inverse floater security-the interest rate is subject to change periodically. 

c Securities exempt from registration under Rule 144A of the Securities Act of 1933. 

This security may be resold in transactions exempt from registration, 

normally to qualified institutional buyers. This security has been deemed to 

be liquid by the Investment Adviser. At January 31, 2005 this security 

amounted to $6,370,002, 5.4% of net assets. 

d Securities payable on demand. Variable interest rate--subject to periodic change. 

e Securities valuation policies and other investment related disclosures are hereby 

incorporated by reference the annual and semi annual reports previously filed 

with the Securities and Exchange Commission on Form N-CSR. 

Page 3

Dreyfus Premier State Municipal Bond Fund, Minnesota Series
Statement of Investments		January 31, 2005 (Unaudited)
Long-Term Municipal Investments--94.4%
		Principal
Minnesota:		Amount ($)	Value ($)
Andover Economic Development Authority, Public Facility
LR (Andover Community Center) 5.20%, 2/1/2034		1,500,000	1,537,695
Anoka County, SWDR (United Power Association Project)
6.95%, 12/1/2008 (Guaranteed; National Rural
Utilities Cooperative Finance Corp.)		2,065,000	2,092,155
Bloomington Independent School District Number 271
5.125%, 2/1/2024 (Insured; FSA)		2,000,000	2,171,780
Brooklyn Park 5.85%, 2/1/2016 (Insured; FSA)		1,425,000	1,472,837
Chaska, Electric Revenue 6%, 10/1/2020		3,000,000	3,356,970
Columbia Heights, MFHR (Crest View)
6.625%, 4/20/2043 (Collateralized; GNMA)		1,500,000	1,632,675
Duluth Economic Development Authority,
Health Care Facilities Revenue
(Saint Luke's Hospital) 7.25%, 6/15/2032		3,000,000	3,166,950
Inver Grove Heights Independent School District Number 199
5.75%, 2/1/2017		2,225,000	2,297,491
Lake Superior Independent School District Number 381:
5%, 4/1/2020 (Insured; FSA)		2,510,000	2,722,396
5%, 4/1/2021 (Insured; FSA)		2,640,000	2,854,157
Lakeville Independent School District Number 194
5.50%, 2/1/2024 (Insured; FGIC)		8,700,000	9,840,222
Mahtomedi Independent School District Number 832
Zero Coupon, 2/1/2017 (Insured; MBIA)		1,275,000	773,364
Minneapolis:
Zero Coupon, 12/1/2014		1,825,000	1,245,033
Health Care Facilities Revenue (Shelter Care Foundation):
6%, 4/1/2010		515,000	510,901
6.50%, 4/1/2029		1,000,000	954,290
Home Ownership Program 7.10%, 6/1/2021		20,000	20,015
Revenue (Blake School Project) 5.45%, 9/1/2021		2,000,000	2,153,380
Tax Increment Revenue (Saint Anthony Falls Project)
5.75%, 2/1/2027		1,000,000	1,001,740
Minneapolis and Saint Paul Housing and Redevelopment Authority,
Health Care Systems Revenue
Page	1

(HealthPartners Obligated Group Project):
6%, 12/1/2018		1,000,000		1,088,200
6%, 12/1/2020		2,290,000		2,474,986
Minneapolis and Saint Paul Metropolitan Airports Commission,
Airport Revenue 5.75%, 1/1/2032 (Insured; FGIC)		4,995,000		5,557,337
Minneapolis Public Facilities Authority, Water Pollution
Control Revenue 5.375%, 3/1/2019		3,000,000		3,279,660
State of Minnesota
(Duluth Airport) 6.25%, 8/1/2014		2,500,000		2,548,525
Todd, Morrison, Cass and Wadena Counties United
Hospital District, Health Care Facility Revenue
(Lakewood Health System) 5%, 12/1/2021		1,000,000		1,046,200
Minnesota Agricultural and Economic Development Board,
Revenue:
(Evangelical Lutheran Project):
6%, 2/1/2022		1,130,000		1,233,056
6%, 2/1/2027		1,750,000		1,889,632
(Fairview Health Care Systems)
6.375%, 11/15/2029		4,000,000		4,403,920
Minnesota Higher Education Facilities Authority,
College and University Revenue
(University of Saint Thomas):
5.35%, 4/1/2017		1,000,000		1,047,070
5.40%, 4/1/2022		2,125,000		2,222,474
Minnesota Housing Finance Agency:
Residential Housing Finance 5%, 1/1/2020		4,260,000		4,488,975
SFMR:
5.80%, 1/1/2019		1,410,000		1,488,142
5.45%, 1/1/2022 (Insured; MBIA)		705,000		743,430
Minnesota Retirement Systems, Building Revenue
6%, 6/1/2030		1,475,000		1,666,691
New Hope, Housing and Health Care Facilities Revenue
(Masonic Home - North Ridge) 5.90%, 3/1/2019		1,000,000		1,030,020
Northern Municipal Power Agency, Electric System Revenue
9.325%, 1/1/2016 (Insured; FSA )		5,000,000	a,b	5,989,050
Northfield, HR 6%, 11/1/2031		2,000,000		2,143,600
Ramsey, LR (Pact Charter School Project) 6.75%, 12/1/2033		1,000,000		1,019,310
City of Red Wing, Health Care Facilities Revenue
(River Region Obligation Group) 6.50%, 9/1/2022
(Prerefunded 9/1/2005)		3,445,000	c	3,530,677
Page	2

Rosemount Independent School District Number 196
Zero Coupon, 4/1/2014 (Insured; MBIA)	2,960,000		2,075,552
Saint Cloud Housing and Redevelopment Authority,
Revenue (State University Foundation Project)
5.125%, 5/1/2018	1,500,000		1,625,430
Saint Paul Housing and Redevelopment Authority, Revenue:
Hospital (HealthEast Project)
5.70%, 11/1/2015 (Insured; ACA)	2,000,000		2,111,780
MFHR (Wellington Project)
5.10%, 2/1/2024 (Insured; FHLMC)	2,000,000		2,072,480
Parking (Block 19 Ramp)
5.25%, 8/1/2023 (Insured; FSA)	3,395,000		3,736,944
Single Family Mortgage
6.90%, 12/1/2021 (Insured; FNMA)	150,000		150,137
Saint Paul Port Authority, Hotel Facility Revenue
(Radisson Kellogg Project) 7.375%, 8/1/2029	2,850,000		2,992,044
Southern Municipal Power Agency,
Power Supply System Revenue:
Zero Coupon, 1/1/2025 (Insured; MBIA)	4,505,000		1,810,424
Zero Coupon, 1/1/2026 (Insured; MBIA)	4,625,000		1,753,846
Washington County Housing and Redevelopment Authority:
Hospital Facility Revenue (Healtheast Project)
5.375%, 11/15/2018 (Insured; ACA)	2,215,000		2,308,252
Pooled Financing 5.50%, 2/1/2032 (Insured; MBIA)	2,000,000		2,148,120
Western Minnesota Municipal Power Agency, Electric Power
and Light Revenue 5.50%, 1/1/2012 (Insured; AMBAC)	900,000		943,029
Willmar (Rice Memorial Hospital Project)
5%, 2/1/2032 (Insured; FSA)	4,000,000		4,180,960
Winona, Health Care Facilities Revenue
(Winona Health) 6%, 7/1/2034	2,500,000		2,615,275
Total Long-Term Municipal Investments			119,219,279
(cost $110,912,854)
Short-Term Municipal Investment--3.3%
Minnesota:
Arden Hills, Housing and Health Care Facilities Revenue,
VRDN (Presbyterian Homes) 1.95% (LOC; U.S. Bank Trust)	2,830,000	d	2,830,000
Minnesota Higher Education Facilities Authority,
Revenue (Saint Olaf College)
1.90% (LOC; Harris Trust and Savings Bank)	1,300,000	d	1,300,000
Page 3

Total Short-Term Municipal Investment
(cost $4,130,000)		4,130,000
Total Investments (Cost $115,042,854)	97.7%	123,349,279
Cash and Receivables (Net)	1.3%	2,907,127
Net Assets	100.00%	126,256,406

Notes to Statement of Investments:

a Inverse floater security-the interest rate is subject to change periodically. 

b Securities exempt from registration under Rule 144A of the Securities Act of 1933. 

This security may be resold in transactions exempt from registration, 

normally to qualified institutional buyers. This security has been deemed to 

be liquid by the Investment Adviser. At January 31, 2005 this security 

amounted to $5,959,050, 4.7% of net assets. 

c 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. 

d Securities payable on demand. Variable interest rate--subject to periodic change. 

e Securities valuation policies and other investment related disclosures are hereby 

incorporated by reference the annual and semi annual reports previously filed 

with the Securities and Exchange Commission on Form N-CSR. 

Page 4

	statement of investments
Dreyfus Premier State Municipal Bond Fund - North Carolina Series
Statement of Investments	January 31, 2005 (Unaudited)
	Principal
Long Term Municipal Investments--101.1%	Amount ($)		Value ($)
North Carolina--91.9%
Appalachian State University, Revenue,
Housing and Student Center System
5.60%, 7/15/2020 (Insured; FSA)	1,000,000		1,120,670
Cabarrus County, COP, Installment Financing Contract
5.50%, 4/1/2014	2,000,000		2,233,960
Cary, 5%, 3/1/2019	1,500,000		1,636,620
Charlotte:
5%, 7/1/2021	1,525,000		1,666,886
5.60%, 6/1/2022	2,770,000		3,139,047
5%, 7/1/2022	2,110,000		2,281,733
Airport Revenue 5.75%, 7/1/2029 (Insured; MBIA)	1,500,000		1,662,825
Storm Water Fee Revenue:
5.25%, 6/1/2020	1,000,000		1,107,160
5%, 6/1/2034	1,500,000		1,572,285
6%, 6/1/2025 (Prerefunded 6/1/2010)	2,000,000	a	2,312,260
Water and Sewer System Revenue:
5.50%, 6/1/2017	1,650,000		1,863,708
5.25%, 6/1/2025 (Prerefunded 6/1/2010)	3,710,000	a	4,156,907
Concord, COP
4.50%, 6/1/2030 (Insured; MBIA)	1,000,000		994,700
High Point, Combined Enterprise System Revenue:
5%, 11/1/2015 (Insured; FGIC)	1,045,000		1,164,161
5%, 11/1/2031 (Insured; FGIC)	1,000,000		1,051,540
Mecklenburg County:
5%, 4/1/2013	1,000,000		1,102,470
Public Improvement 5%, 4/1/2009	1,040,000		1,133,839
New Hanover County, COP, Public Improvement
(New Hanover County Projects)
5.75%, 11/1/2017	1,700,000		1,972,612
North Carolina Capital Facilities Financing Agency,
Revenue (Duke University Project)
5.125%, 7/1/2042	1,000,000		1,041,340
North Carolina Eastern Municipal Power Agency, Power
System Revenue:
6.20%, 1/1/2012 (Insured; FGIC)	2,000,000		2,363,460
6%, 1/1/2022 (Insured; ACA)	1,000,000		1,215,690
6.75%, 1/1/2026 (Insured; ACA)	3,000,000		3,361,680
North Carolina Educational Assistance Authority, Guaranteed
Student Loan Revenue 6.35%, 7/1/2016	4,375,000		4,582,594
North Carolina Housing Finance Agency,
Single Family Revenue 6.50%, 9/1/2026	1,550,000		1,582,674
North Carolina Medical Care Commission,
Revenue:
(Cleveland County Healthcare System Project)
	Page 1

	statement of investments
5.25%, 7/1/2019 (Insured; AMBAC)	1,135,000	1,256,638
(DePaul Community Facilities Project)
7.625%, 11/1/2029	2,115,000	2,194,228
(North Carolina Housing Foundation Inc.)
6.625%, 8/15/2030 (Insured; ACA)	3,250,000	3,570,385
(Northeast Medical Center Project):
5.50%, 11/1/2025 (Insured; AMBAC)	1,000,000	1,103,780
5.50%, 11/1/2030 (Insured; AMBAC)	2,000,000	2,198,280
Retirement Facilities:
(Cypress Glenn Retirement Community)
6%, 10/1/2033	1,000,000	1,035,880
(Givens Estates Project) 6.50%, 7/1/2032	1,000,000	1,029,640
(Unites Methodist) 5.50%, 10/1/2035	1,100,000	1,101,221
(Southeast Regional Medical Center)
6.25%, 6/1/2029	2,000,000	2,160,260
(Wilson Memorial Hospital Project)
Zero Coupon, 11/1/2016 (Insured; AMBAC)	3,055,000	1,879,344
North Carolina Municipal Power Agency
(Catawba Electric)
5.25%, 1/1/2020 (Insured; MBIA)	1,000,000	1,107,520
Pasquotank County, COP
5%, 6/1/2025 (Insured; MBIA)	1,000,000	1,064,770
Shelby, Combined Enterprise System Revenue:
5.625%, 5/1/2014	1,000,000	1,028,880
5%, 5/1/2024	650,000	694,876
University of North Carolina, University Revenue:
5.375%, 12/1/2013	1,415,000	1,588,210
(Chapel Hill University) 5%, 12/1/2020	2,000,000	2,171,360
U.S. Related--9.2%
Puerto Rico Highway and Transportation Authority,
Transportation Revenue
5.50%, 7/1/2012 (Insured; FGIC)	1,500,000	1,726,665
Puerto Rico Public Finance Corp.
5.375%, 8/1/2024 (Insured; MBIA)
(Prerefunded 8/1/2011)	4,000,000 a	4,518,200
Virgin Islands Public Finance Authority, Revenues
Sub Lien Fund Loan Notes 5.875%, 10/1/2018	850,000	883,541

TOTAL INVESTMENTS (Cost $73,326,125)	101.6%	78,634,499
LIABILITIES, LESS CASH AND RECEIVABLES	-1.6%	(1,205,669)
NET ASSETS	100.0%	77,428,830
Notes to Statement of Investments:
a 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 valuation policies and other investment related disclosures are hereby
incorporated by reference the annual and semi annual reports previously filed
with the Securities and Exchange Commission on Form N-CSR.

Page 2

statement of investments
Dreyfus Premier State Municipal Bond Fund- Ohio Series
Statement of Investments	January 31, 2005 (Unaudited)
Long-Term Municipal Investments--96.8%
	Principal
Ohio--94.1%	Amount ($)		Value ($)
Akron:
6%, 12/1/2012	1,380,000		1,633,396
5.50%, 12/1/2020 (Insured; MBIA)	1,460,000		1,656,910
Sewer Systems Revenue
5.875%, 12/1/2016 (Insured; MBIA)	. 1,200,000		1,286,364
Brunswick City School District
5%, 12/1/2023 (Insured; AMBAC)	2,000,000		2,156,280
Cincinnati City School District, School Improvement:
5.375%, 12/1/2018 (Insured; MBIA)	6,560,000		7,369,307
5.25%, 6/1/2019 (Insured; FSA)	1,225,000		1,358,574
Cincinnati Technical College 5.25%, 10/1/2022	2,825,000		3,129,309
Cincinnati, Water System Revenue:
5.50%, 12/1/2017	1,000,000		1,125,980
5%, 12/1/2020	1,000,000		1,085,680
5%, 12/1/2022	5,545,000		5,863,338
5%, 12/1/2023	3,130,000		3,302,526
Clermont County, Hospital Facilities Revenue
(Mercy Health Systems)
5.625%, 9/1/2016 (Insured; AMBAC)	4,250,000		4,637,175
City of Cleveland:
COP (Stadium Project)
5.25%, 11/15/2022 (Insured; AMBAC)	1,210,000		1,307,417
Public Power System Revenue
5.125%, 11/15/2018 (Insured; MBIA)	9,650,000		10,249,168
Waterworks Revenue:
5.50%, 1/1/2021 (Insured; MBIA)	8,000,000		9,407,760
5%, 1/1/2023 (Insured; FSA)	1,405,000		1,490,494
5%, 1/1/2023 (Insured; FSA) (Prerefunded 1/1/2008)	1,095,000	a	1,179,293
Cleveland-Cuyahoga County Port Authority, Revenue
Special Assessment/Tax Increment:
7%, 12/1/2018	2,345,000		2,457,068
7.35%, 12/1/2031	3,655,000		3,879,746
Cleveland Municipal School District, Various Purpose
Improvement:
5%, 12/1/2021 (Insured; FGIC)	2,975,000		3,219,158
5%, 12/1/2022 (Insured; FGIC)	1,090,000		1,174,475
Cuyahoga Community College District, General
Receipts 5%, 12/1/2022 (Insured; AMBAC)	1,500,000		1,616,295
Cuyahoga County:
HR:
Improvement (MetroHealth Systems Project)
6.125%, 2/15/2024	4,845,000		5,113,316
Hospital Facilities Revenue (Canton Inc. Project)
7.50%, 1/1/2030	6,250,000		7,078,563
Mortgage Revenue (West Tech Apartments Project)
5.95%, 9/20/2042 (Guaranteed; GNMA)	5,295,000		5,583,207
Fairfield City School District,
School Improvement Unlimited Tax:
7.20%, 12/1/2011 (Insured; FGIC) (Prerefunded 2/1/2005)	1,000,000	a	1,071,310
7.20%, 12/1/2012 (Insured; FGIC) (Prerefunded 2/1/2005)	1,250,000	a	1,339,137
	Page 1

statement of investments
6.10%, 12/1/2015 (Insured; FGIC) (Prerefunded 2/1/2005)	2,000,000	a	2,065,580
5.375%, 12/1/2019 (Insured; FGIC)	1,860,000		2,089,468
5.375%, 12/1/2020 (Insured; FGIC)	1,400,000		1,572,718
6%, 12/1/2020 (Insured; FGIC) (Prerefunded 2/1/2005)	2,000,000	a	2,063,940
Findlay 5.875%, 7/1/2017	2,000,000		2,136,460
Forest Hills Local School District
5.70%, 12/1/2016 (Insured; MBIA)	1,000,000		1,096,350
Franklin County:
HR:
(Holy Cross Health Systems Corp.)
5.80%, 6/1/2016	2,000,000		2,107,080
Multifamily (Agler Green LP)
5.80%, 5/20/2044 (Collateralized; GNMA)	1,200,000		1,264,044
Franklin County Convention Facilities Authority,
Tax and Lease Revenue Anticipation
5.25%, 12/1/2019 (Insured; AMBAC)	2,000,000		2,214,200
Greater Cleveland Regional Transit Authority
5.65%, 12/1/2016 (Insured; FGIC) (Prerefunded 12/1/2006)	5,445,000	a	5,815,314
Hamilton County, Revenue:
Hospital Facilities Improvement
(Deaconess Hospital) 7%, 1/1/2012	2,115,000		2,142,622
Sales Tax
Zero Coupon, 12/1/2027 (Insured; AMBAC)	17,940,000		6,030,531
Sewer System:
5.25%, 12/1/2019 (Insured; MBIA)	1,000,000		1,111,590
5.25%, 12/1/2020 (Insured; MBIA)	1,000,000		1,109,530
Highland Local School District, School Improvement:
5.75%, 12/1/2018 (Insured; FSA)	1,675,000		1,933,000
5.75%, 12/1/2020 (Insured; FSA)	2,020,000		2,331,141
Hilliard School District, School Improvement:
Zero Coupon, 12/1/2013 (Insured; FGIC)	1,655,000		1,184,765
Zero Coupon, 12/1/2014 (Insured; FGIC)	1,655,000		1,125,367
Lakota Local School District 6.125%, 12/1/2017
(Insured; AMBAC) (Prerefunded 12/1/2005)	1,075,000	a	1,110,475
Lebanon City School District 5.50%, 12/1/2021 (Insured; FSA)	4,050,000		4,596,223
Lowellville, Sanitary Sewer Systems Revenue (Browning-Ferris
Industries Inc.) 7.25%, 6/1/2006	600,000		600,708
County of Mahoning, HR (Forum Health Obligated Group)
6%, 11/15/2032	1,500,000		1,611,495
Marysville Exempt Village School District
5.35%, 12/1/2025 (Insured; FSA)	2,010,000		2,200,025
Massillon City School District, Improvement:
5.25%, 12/1/2019 (Insured; MBIA)	1,300,000		1,445,314
5%, 12/1/2025 (Insured; MBIA)	1,150,000		1,227,096
Milford Exempt Village School District, School Improvement
6%, 12/1/2020 (Insured; FSA)	1,910,000		2,226,907
City of Monroe, Improvement
5.25%, 12/1/2018 (Insured; FSA)	1,035,000		1,155,464
New Albany Community Authority, Community
Facilities Revenue
5.20%, 10/1/2024 (Insured; AMBAC)	2,000,000		2,190,540
	Page 2

	statement of investments
North Royalton City School District
6.10%, 12/1/2019 (Insured; MBIA)	2,500,000		2,902,375
State of Ohio:
8.022%, 3/15/2020 (Insured; FSA)	7,760,000	b,c	9,052,583
PCR (Standard Oil Co. Project) 6.75%, 12/1/2015
(Guaranteed; British Petroleum Co. p.l.c.)	2,700,000		3,385,881
Ohio Housing Finance Agency,
Residential Mortgage Revenue
6.05%, 9/1/2017 (Guaranteed; GNMA)	1,445,000		1,525,212
Ohio Higher Educational Facility Commission, Revenue
(Xavier University Project)
5%, 5/1/2023 (Insured; FGIC)	2,250,000		2,412,540
Ohio State University, General Receipts
5.25%, 6/1/2023	2,625,000		2,901,859
Ohio Turnpike Commission, Turnpike Revenue,
Highway Improvements 5.50%, 2/15/2026	7,700,000		8,620,535
Ohio Water Development Authority, Fresh Water Revenue
5.90%, 12/1/2015 (Insured; AMBAC) (Prerefunded 6/1/2005)	4,650,000	a	4,802,009
Pickerington Local School District, School Facilities
Construction and Improvement 5.25%, 12/1/2020
(Insured; FGIC)	6,000,000		6,657,180
Port of Greater Cincinnati Development Authority,
Special Obligation Development Revenue
(Cooperative Public Parking and Infrastructure Project):
6.30%, 2/15/2024	2,250,000		2,352,848
6.40%, 2/15/2034	2,500,000		2,593,075
Princeton City School District
5.25%, 12/1/2017 (Insured; MBIA)	2,395,000		2,679,119
Southwest Regional Water District, Water Revenue:
6%, 12/1/2015 (Insured; MBIA)	1,600,000		1,666,880
6%, 12/1/2020 (Insured; MBIA)	1,250,000		1,302,250
Strongsville, Library Improvement:
5%, 12/1/2015 (Insured; FGIC)	480,000		526,762
5.50%, 12/1/2020 (Insured; FGIC)	1,700,000		1,929,279
Summit County 6.50%, 12/1/2016
(Insured; FGIC) (Prerefunded 12/1/2010)	2,000,000	a	2,386,620
Summit County Port Authority, Revenue
(Civic Theatre Project)
5.50%, 12/1/2026 (Insured; AMBAC)	1,000,000		1,128,860
Toledo 5.625%, 12/1/2011 (Insured; AMBAC)	1,000,000		1,077,140
Toledo Lucas Count Port Authority, Revenue
(Northwest Ohio Bond Fund)
6.375, 11/15/2032	1,650,000		1,726,197
University of Cincinnati:
General Receipts 5%, 6/1/2021 (Insured; MBIA)	3,040,000		3,238,360
University and College Revenue:
5.75%, 6/1/2018	2,165,000		2,486,221
5.75%, 6/1/2019	1,500,000		1,722,555
Warren, Waterworks Revenue 5.50%, 11/1/2015 (Insured; FGIC)	1,450,000		1,659,859
	Page 3

	statement of investments
Youngstown:
5.375%, 12/1/2025 (Insured; AMBAC)	2,195,000		2,407,805
5.375%, 12/1/2031 (Insured; AMBAC)	2,370,000		2,719,954
U.S. Related--2.7%
Virgin Islands Public Finance Authority, Revenue:
6.375%, 10/1/2019	3,000,000		3,472,380
6%, 10/1/2022	3,000,000		3,089,100
TOTAL LONG-TERM MUNICIPAL INVESTMENTS
(cost $216,522,398)			230,954,631
Short Term Municipal Investments--1.7%
Ohio:
Montgomery County, Revenue, VRDN
(Miami Valley Hospital)
1.90% (SBPA; National City Bank of Columbus)	3,000,000	d	3,000,000
Trumbull County, Health Care Facilities Revenue
VRDN (Shepherd Valley)
1.97% (SBPA; Fleet Bank)	1,000,000	d	1,000,000
TOTAL SHORT-TERM MUNICIPAL INVESTMENTS
(cost $4,000,000)			4,000,000
TOTAL INVESTMENTS--100.0%
(cost $212,913,199)	98.5%		234,954,631
CASH AND RECEIVABLES (NET)	1.5%		3,617,113
NET ASSETS	100.0%		238,571,744

Notes to Statement of Investments:

a 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 Inverse floater security-the interest rate is subject to change periodically. 

c Securities exempt from registration under Rule 144A of the Securities Act of 1933. 

This security may be resold in transactions exempt from registration, 

normally to qualified institutional buyers. This security has been deemed to 

be liquid by the Investment Adviser. At January 31, 2005 this security 

amounted to $9.052.583, 3.8% of net assets. 

d Securities payable on demand. Variable interest rate--subject to periodic change. 

e Securities valuation policies and other investment related disclosures are hereby 

incorporated by reference the annual and semi annual reports previously filed 

with the Securities and Exchange Commission on Form N-CSR. 

Page 4

Dreyfus Premier State Municipal Bond Fund,
Pennsylvania Series
Statement of Investments	January 31, 2005 (Unaudited)
	Principal
Long-Term Municipal Investments--96.3%	Amount ($)		Value ($)
Allegheny County 5.25%, 11/1/2021 (Insured; FGIC)
(Prerefunded 5/1/2011)	1,795,000	a	2,011,028
Allegheny County Hospital Development Authority,
Revenue (Hospital - South Hills Health)
5.125%, 5/1/2029	1,260,000		1,184,513
Allegheny County Sanitary Authority, Sewer Revenue
5%, 12/1/2019 (Insured; MBIA)	1,900,000		2,068,872
Bethlehem Area Vocational Technical School Authority,
LR 5%, 9/1/2019 (Insured; MBIA)	895,000		963,745
Bradford County Industrial Development Authority, SWDR
(International Paper Co. Projects) 6.60%, 3/1/2019	4,250,000		4,346,305
Bucks County Water and Sewer Authority, Revenue:
5.375%, 6/1/2018 (Insured; AMBAC)	1,255,000		1,404,257
Collection Sewer Systems:
5.375%, 6/1/2017 (Insured; AMBAC)	1,340,000		1,502,703
5%, 6/1/2019 (Insured; AMBAC)	1,480,000		1,608,286
Butler County, GO 5.25%, 7/15/2019 (Insured; FGIC)
(Prerefunded 7/15/2013)	1,810,000	a	2,053,119
Butler County Industrial Development Authority:
Health Care Facilities Revenue
(Saint John Care Center) 5.80%, 4/20/2029	6,295,000		6,786,514
MFHR (Greenview Gardens Apartments):
6%, 7/1/2023	475,000		466,412
6.25%, 7/1/2033	880,000		861,071
Central Bucks School District
5%, 5/15/2022 (Insured; FGIC)	580,000		623,993
Charleroi Area School Authority, School Revenue
Zero Coupon, 10/1/2020 (Insured; FGIC)	2,000,000		991,400
Council Rock School District
5%, 11/15/2020 (Insured; MBIA)	1,400,000		1,519,854
Cumberland County Municipal Authority,
College Revenue (Messiah College)
5.125%, 10/1/2015 (Insured; AMBAC)	1,000,000		1,042,470
Dauphin County General Authority, Revenue
(Office and Parking, Riverfront Office)
6%, 1/1/2025	3,000,000		2,723,970
Dover Area School District, GO
5.375%, 4/1/2018 (Insured; FGIC)	2,195,000		2,471,263

Harbor Creek School District, GO
5%, 8/1/2016 (Insured; FGIC)	2,375,000		2,582,195
Harrisburg Authority, Office and Parking Revenue
6%, 5/1/2019 (Prerefunded 5/1/2008)	2,000,000	a	2,210,180
Harrisburg Redevelopment Authority, Revenue:
Zero Coupon, 5/1/2018 (Insured; FSA)	2,750,000		1,528,917
Zero Coupon, 11/1/2018 (Insured; FSA)	2,750,000		1,495,395
Zero Coupon, 11/1/2019 (Insured; FSA)	2,750,000		1,418,257
Zero Coupon, 5/1/2020 (Insured; FSA)	2,750,000		1,374,450
Zero Coupon, 11/1/2020 (Insured; FSA)	2,500,000		1,221,400
Health Care Facilities Authority of Sayre,
Revenue (Guthrie Health Issue):
5.85%, 12/1/2020	3,000,000		3,268,050
5.75%, 12/1/2021	4,750,000		5,123,398
Kennett Consolidated School District, GO:
5.25%, 2/15/2017 (Insured; FGIC)	1,440,000		1,602,533
5.25%, 2/15/2018 (Insured; FGIC)	1,895,000		2,106,103
5.25%, 2/15/2020 (Insured; FGIC)	1,000,000		1,108,240
Lower Macungie Township
5.65%, 5/1/2020 (Prerefunded 5/1/2005)	900,000	a	908,208
McKeesport Area School District, GO
Zero Coupon, 10/1/2021 (Insured; AMBAC)	3,455,000		1,621,673
Monroe County Hospital Authority, HR
(Pocono Medical Center) 5.50%, 1/1/2022	1,455,000		1,568,374
Monroeville Municipal Authority,
Sanitary Sewer Revenue
5.25%, 12/1/2016 (Insured; MBIA)	1,095,000		1,222,064
Montgomery County Higher Educational
and Health Authority, Revenue
First Mortgage (Montgomery Income Project)
10.50%, 9/1/2020	2,615,000		2,619,655
Mount Lebanon School District, GO:
5%, 2/15/2018 (Insured; MBIA)	1,735,000		1,886,674
5%, 2/15/2019 (Insured; MBIA)	2,870,000		3,115,701
North Allegheny School District:
5%, 11/1/2014 (Insured; FGIC)	635,000		704,812
5.05%, 11/1/2021 (Insured; FGIC)	1,455,000		1,580,988
Northampton County General Purpose Authority,
County Agreement Revenue
5.125%, 10/1/2020 (Insured; FSA)	2,225,000		2,441,092
Northampton County Industrial Development Authority,
Mortgage Revenue
(Moravian Hall Square Project) 5%, 7/1/2017	1,890,000		2,005,252
North Schuylkill School District,
Schuykill and Columbia Counties, GO

5%, 11/15/2028 (Insured; FGIC)	635,000	663,124
Pennridge School District
5%, 2/15/2021 (Insured; MBIA)	1,000,000	1,079,490
Pennsylvania Finance Authority, Guaranteed Revenue
(Penn Hills Project):
5.45%, 12/1/2019 (Insured; FGIC)	2,615,000	2,923,492
Zero Coupon, 12/1/2022 (Insured; FGIC)	1,200,000	526,620
Zero Coupon, 12/1/2023 (Insured; FGIC)	3,790,000	1,576,526
Zero Coupon, 12/1/2024 (Insured; FGIC)	3,790,000	1,491,441
Zero Coupon, 12/1/2025 (Insured; FGIC)	3,790,000	1,412,571
Pennsylvania Higher Educational
Facilities Authority, Revenue:
(State Higher Education System):
5%, 6/15/2019 (Insured; AMBAC)	560,000	608,619
5%, 6/15/2020 (Insured; AMBAC)	1,915,000	2,075,783
(UPMC Health System) 6%, 1/15/2022	5,000,000	5,611,250
Pennsylvania Housing Finance Agency:
5%, 4/1/2016	2,000,000	2,117,120
Single Family Mortgage 5.10%, 10/1/2020	5,000,000	5,260,950
Pennsylvania Intergovernmental Cooperative Authority,
Special Tax Revenue
(Philadelphia Funding Program):
5.25%, 6/15/2015 (Insured; FGIC)	1,000,000	1,091,300
5.50%, 6/15/2016 (Insured; FGIC)	2,750,000	2,864,125
5%, 6/15/2018 (Insured; FGIC)	5,580,000	5,990,130
Pennsylvania Public School Building Authority, Revenue:
(Central Montgomery County Area):
5.25%, 5/15/2017 (Insured; FGIC)	1,055,000	1,185,588
5.25%, 5/15/2018 (Insured; FGIC)	1,110,000	1,243,677
(Marple Newtown School District Project)
5%, 3/1/2019 (Insured; MBIA)	3,680,000	3,994,971
Pennsylvania Turnpike Commission,
Oil Franchise Tax Revenue:
5.25%, 12/1/2018 (Insured; AMBAC)	3,780,000	4,098,654
5.25%, 12/1/2018 (Insured; AMBAC)	2,740,000	2,993,834
5%, 12/1/2023 (Insured; AMBAC)	425,000	456,964
Philadelphia Authority for Industrial Development, LR
5.50%, 10/1/2015 (Insured; FSA)	2,870,000	3,242,067
Philadelphia Gas Works, Revenue
(1998 General Ordinance-4th Series)
5.25%, 8/1/2022 (Insured; FSA)	2,000,000	2,193,000
Philadelphia Hospitals and Higher
Education Facilities Authority,
Revenue (Jefferson Health System) 5%, 5/15/2011	2,000,000	2,103,800
Philadelphia Housing Authority,
Capital Fund Program Revenue
5%, 12/1/2021 (Insured; FSA)	1,685,000	1,808,612
Philadelphia Redevelopment Authority, Revenue

(Neighborhood Transformation)
5.50%, 4/15/2018 (Insured; FGIC)	3,600,000		4,045,104
Philadelphia Water and Wastewater, Revenue:
5.60%, 8/1/2018 (Insured; MBIA)	800,000		833,216
5.60%, 8/1/2018 (Insured; MBIA)	4,805,000		4,973,848
Pittsburgh 5.50%, 9/1/2013 (Insured; AMBAC)	2,580,000		2,739,650
Pocono Mountain School District
5%, 2/15/2018 (Insured; FGIC)	3,500,000		3,805,970
Redevelopment Authority of Allegheny County,
Redevelopment (Pittsburgh Mills Project)
5.60%, 7/1/2023	1,000,000		1,051,220
Schuylkill County Industrial
Development Authority, Revenue
(Charity Obligation Group) 5%, 11/1/2014	1,495,000		1,575,162
Scranton School District (Notes):
5%, 4/1/2018 (Insured; MBIA)	1,390,000		1,508,692
5%, 4/1/2019 (Insured; MBIA)	2,710,000		2,941,407
South Side Area School District, GO
5.25%, 6/1/2015 (Insured; FGIC)	2,080,000		2,286,918
Southeastern Pennsylvania Transportation Authority,
Special Revenue 5.375%, 3/1/2017
(Insured; FGIC)	3,000,000		3,221,310
Spring-Ford Area School District
5%, 4/1/2021 (Insured; FSA)	1,015,000		1,095,956
State Public School Building Authority:
School LR (Daniel Boone Area School District Project):
5%, 4/1/2018 (Insured; MBIA)	1,040,000		1,131,510
5%, 4/1/2019 (Insured; MBIA)	1,070,000		1,162,191
5%, 4/1/2020 (Insured; MBIA)	1,100,000		1,191,795
School Revenue (Tuscarora School District Project)
5%, 4/1/2023 (Insured; FSA)	750,000		803,985
University Area Joint Authority, Sewer Revenue:
5%, 11/1/2017 (Insured; MBIA)	1,660,000		1,810,861
5%, 11/1/2018 (Insured; MBIA)	2,010,000		2,192,287
Upper Merion Area School District, GO:
5.25%, 2/15/2018	1,785,000		1,983,849
5.25%, 2/15/2021	1,000,000		1,105,820
Washington County Industrial Development Authority,
PCR (West Pennsylvania Power Co. Mitchell)
6.05%, 4/1/2014 (Insured; AMBAC)	3,000,000		3,079,140
Wilmington Area School District
5.50%, 9/1/2017 (Insured; FSA)
(Prerefunded 3/1/2005)	3,550,000	a	3,560,473
Total Long-Term Municipal Investments
(cost $174,132,250)			186,057,458

Short-Term Municipal Investments--2.4%
Philadelphia Authority for Industrial Development,
Revenues, VRDN (Fox Chase Cancer
Center Project) 1.89%
(LOC; JPMorgan Chase Bank)	1,110,000	b	1,110,000
Philadelphia Hospitals and Higher Education
Facilities Authority, Revenue, VRDN
(Childrens Hospital Project) 1.89%	2,700,000	b	2,700,000
Schuylkill County Industrial Development Authority,
RRR, VRDN
(Northeastern Power Co.) 1.90%
(LOC; Dexia Credit Locale)	900,000	b	900,000
Total Short-Term Municipal Investments
(cost $4,710,000)			900,000
Total Investments (cost $178,842,250)	98.7%		186,957,458
Cash and Receivables (Net)	1.3%		2,457,022
Net Assets	100.0%		193,224,480

Dreyfus Premier State Municipal Bond Fund, Texas Series
Statement of Investments
January 31, 2005 (Unaudited)
	Principal
Long Term Municipal Investments--97.9%	Amount($)		Value ($)
Aledo Independent School District
(Permanent School Fund Guaranteed)
Zero Coupon, 2/15/2014	1,225,000		850,322
Austin, Utility System Revenue
5.125%, 11/15/2016 (Insured; FSA)	1,110,000		1,178,110
Austin Convention Enterprises Inc., Revenue
(Convention Center Hotel) 6.60%, 1/1/2021	1,000,000		1,067,840
Austin Independent School District
(Permanent School Fund Guaranteed)
5.75%, 8/1/2015	1,000,000		1,048,690
Barbers Hill Independent School District
5%, 2/15/2023 (Insured; AMBAC)	540,000		580,808
Castleberry Independent School District
(Permanent School Fund Guaranteed)
5.70%, 8/15/2021	830,000		868,495
Coastal Water Authority, Water Conveyance System
6.25%, 12/15/2017 (Insured; AMBAC)	2,170,000		2,173,884
Comal Independent School District
(Permanent School Fund Guaranteed)
5%, 2/1/2018	1,305,000		1,414,685
Corpus Christi:
(Hotel Occupancy) 5.50%, 9/1/2018 (Insured; FSA)	1,955,000		2,205,064
Utility System Revenue:
5.25%, 7/15/2016 (Insured; FSA)
(Prerefunded 7/15/2009)	1,765,000	a	1,944,147
5%, 7/15/2021 (Insured; FSA)	1,000,000		1,075,910
Del Mar College District
5.25%, 8/15/2017 (Insured; FGIC)	1,295,000		1,443,200
Denton Independent School District
(Permanent School Fund Guaranteed)
Zero Coupon, 8/15/2023	2,630,000		983,094
El Paso Independent School District
(Permanent School Fund Guaranteed)
5%, 8/15/2020	415,000		448,221
Fort Worth General Purpose 5%, 3/1/2020	700,000		754,999

Galveston County, Certificates Obligation
5.25%, 2/1/2018 (Insured; AMBAC)	1,000,000		1,107,950
Grape Creek-Pulliam Independent School District
Public Facility Corp., School Facility LR
7.25%, 5/15/2021 (Prerefunded 5/15/2006)	2,200,000	a	2,377,496
Houston, Certificates Obligation:
5.625%, 3/1/2017 (Prerefunded 3/1/2011)	550,000	a	621,395
5.625%, 3/1/2017	300,000		337,797
Houston, Water & Sewer Systems Revenue:
5%, 12/1/2018 (Insured; FSA)	1,145,000		1,243,023
Zero Coupon, 12/1/2019 (Insured; FSA)	2,000,000		1,038,100
Zero Coupon, 12/1/2019 (Insured; FSA)	750,000		386,310
Katy Independent School District
(Permanent School Fund Guaranteed)
5.75%, 2/15/2020	405,000		446,172
Lakeway Municipal Utility District
Zero Coupon, 9/1/2013 (Insured; FGIC)	1,850,000		1,323,842
Laredo Independent School District Public Facility Corp.
Lease Revenue:
(Series A) 5%, 8/1/2021 (Insured; AMBAC)	1,000,000		1,053,520
(Series F) 5%, 8/1/2021 (Insured; AMBAC)	740,000		792,570
5%, 8/1/2029 (Insured; AMBAC)	1,000,000		1,028,760
Lubbock Electric Light and Power System
5%, 4/15/2018 (Insured; MBIA)	505,000		545,733
Lubbock Health Facilities Development Corporation,
Revenue (Sears Plains Project)
5.50%, 1/20/2021 (Collateralized; GNMA)	995,000		1,058,760
Lubbock Housing Finance Corporation, MFHR
(Las Colinas Quail Creek Apartments) 6%, 7/1/2022	1,175,000		1,229,602
McKinney Independent School District
(Permanent School Fund Guaranteed)
5.375%, 2/15/2019	1,000,000		1,094,370
Mesquite Independent School District
(Permanent School Fund Guaranteed):
5.50%, 8/15/2019	1,045,000		1,179,471
5.50%, 8/15/2020	1,100,000		1,241,548
North Central Health Facilities Development,
Corporation Revenue
(Zale Lipshy University Hospital Project)
5.45%, 4/1/2019 (Insured; FSA)	2,000,000		2,096,300
North Harris Montgomery Community College District
5.375%, 2/15/2017 (Insured; FGIC)	1,000,000		1,113,430

San Antonio:
5%, 2/1/2016	495,000		521,091
5%, 2/1/2016 (Prerefunded 2/1/2008)	5,000	a	5,347
Electric & Gas Revenue:
5.50%, 2/1/2020	255,000		301,803
5.50%, 2/1/2020	245,000		259,737
Water Revenue
5.60%, 5/15/2021 (Insured; MBIA)	1,500,000		1,584,735
Schertz-Cibolo-Universal City Independent School District
(Permanent School Fund Guaranteed)
5.25%, 8/1/2020	1,275,000		1,403,405
Sharyland Independent School District (School Building)
(Permanent School Fund Guaranteed)
5% 2/15/2017	1,130,000		1,226,333
South Texas Community College District
5%, 8/15/2017 (Insured; AMBAC)	1,790,000		1,949,435
Texas A & M University, Financing System Revenues
5.375%, 5/15/2014 (Prerefunded 5/15/2006)	670,000	a	695,916
Texas Department of Housing & Community Affairs
MFHR (Harbors and Plumtree) 6.35%, 7/1/2016	1,300,000		1,350,791
Texas National Research Laboratory Commission
Financing Corp., LR (Superconducting Super
Collider Project) 6.95%, 12/1/2012	700,000		828,394
Texas Water Development Board, Revenue
State Revolving Fund 5.25%, 7/15/2017	1,500,000		1,554,330
Tomball Hospital Authority, Revenue 6%, 7/1/2013	1,500,000		1,514,010
Tyler Health Facility Development Corp., HR
(East Texas Medical Center Regional Health):
6.625%, 11/1/2011	555,000		559,146
6.75%, 11/1/2025	1,000,000		1,002,610
Waxahachie Community Development Corp.,
Sales Tax Revenue:
Zero Coupon, 8/1/2020 (Insured; MBIA)	1,430,000		633,747
Zero Coupon, 8/1/2023 (Insured; MBIA)	1,000,000		368,680
Total Investments (cost $52,300,652)	97.9%		55,113,128
Cash and Receivables (Net)	2.1%		1,187,654
Net Assets	100.0%		56,300,782

Notes to Statement of Investments:

(a) 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 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 on Form N-CSR.

Dreyfus Premier State Municipal Bond Fund,
Virginia Series
Statement of Investments	January 31, 2005 (Unaudited)
	Principal
Long-Term Municipal Investments--99.4%	Amount ($)	Value ($)
Virginia--85.7%
Alexandria,
Consolidated Public Improvement
5.50%, 6/15/2017 (Prerefunded 6/15/2010)	2,625,000 a	2,974,282
Alexandria Redevelopment and Housing Authority,
Multi-Family Housing Mortgage Revenue
(Buckingham Village Apartments)
6.125%, 7/1/2021	3,000,000	3,093,480
Amelia County Industrial Development Authority,
SWDR (Waste Management Project)
4.90%, 4/1/2005	2,500,000	2,507,775
Arlington County, GO
Public Improvement
5%, 5/15/2012	1,000,000	1,117,530
Bristol, Utility System Revenue
5.25%, 7/15/2020 (Insured; MBIA)	2,185,000	2,428,780
Chesapeake, Public Improvement
5.50%, 12/1/2017	1,750,000	1,984,868
Chesapeake Toll Road, Expressway Revenue
5.625%, 7/15/2019	1,250,000	1,328,125
Danville Industrial Development Authority, HR
(Danville Regional Medical Center)
5.25%, 10/1/2028 (Insured; AMBAC)	1,500,000	1,685,040
Dulles Town Center Community Development Authority,
Special Assessment Tax
(Dulles Town Center Project)
6.25%, 3/1/2026	2,995,000	3,081,915
Fairfax County Economic Development Authority,
Fairfax County Facilities Revenue
(School Board Central Administration Building Project Phase I)
5%, 4/1/2027	1,000,000	1,061,760
Fairfax County Water Authority, Water Revenue:
5.50%, 4/1/2018	1,655,000	1,860,286

5.50%, 4/1/2019	1,830,000		2,042,097
5%, 4/1/2027	2,155,000		2,290,830
Hampton, Public Improvement
5%, 2/1/2015	1,275,000		1,413,465
Hampton Redevelopment and Housing Authority,
First Mortgage Revenue
(Olde Hampton Hotel Associates Project)
6.50%, 7/1/2016	1,400,000		1,266,300
Henrico County Economic Development Authority,
Revenue (Bon Secours Health System, Inc.)
5.60%, 11/15/2030	1,000,000		1,055,520
Industrial Development Authority of Albemarle County,
HR (Martha Jefferson Hospital)
5.25%, 10/1/2015	1,445,000		1,577,478
Industrial Development Authority of the County of
Prince William, Revenue:
Educational Facilities
(Catholic Diocese Arlington) 5.50%, 10/1/2033	1,000,000		1,046,080
Hospital (Potomac Hospital Corp.)
6.85%, 10/1/2025 (Prerefunded 10/1/2005)	1,000,000	a	1,051,210
Residential Care Facility, First Mortgage
(Westminster Lake Ridge) 6.625%, 1/1/2026	1,000,000		1,014,680
Industrial Development Authority of the County of Spotsylvania,
Public Facility Revenue
(Spotsylvania School Facilities Project)
5%, 2/1/2030 (Insured; AMBAC)	1,500,000		1,574,820
Industrial Development Authority of the Town of
West Point, SWDR (Chesapeake Corp. Project)
6.375%, 3/1/2019	500,000		505,085
Isle of Wight County Industrial Development Authority,
Solid Waste Disposal Facilities Revenue
(Union Camp Corp. Project)
6.10%, 5/1/2027	2,850,000		2,931,225
Loudoun County Sanitation Authority,
Water and Sewer Revenue
5%, 1/1/2033	1,000,000		1,053,110
Richmond Metropolitan Authority,
Expressway Revenue
5.25%, 7/15/2017 (Insured; FGIC)	3,100,000		3,508,425
Roanoke Industrial Development Authority,

HR (Carilion Health System)
5.50%, 7/1/2021 (Insured; MBIA)	2,500,000		2,757,925
Upper Occoquan Sewer Authority,
Regional Sewer Revenue
5%, 7/1/2014 (Insured; MBIA)	1,000,000		1,119,850
Virginia Beach, Public Improvement
5%, 5/1/2020	475,000		530,884
Virginia Commonwealth Transportation Board:
(Federal Highway Reimbursement Notes)
5%, 10/1/2008	1,000,000		1,081,740
Transportation Revenue:
(Northern Virginia
Transportation District Program)
5.25%, 5/15/2017 (Prerefunded 5/15/2009)	1,570,000	a	1,738,979
(US Route 58 Corridor
Development Program)
5%, 5/15/2009	1,400,000		1,524,544
Virginia Housing Development Authority,
Multi-Family Housing
5.95%, 5/1/2016	1,000,000		1,033,360
Virginia Polytechnic Institute and State University,
Revenue (General Pledge)
5%, 6/1/2008 (Insured; AMBAC)	1,815,000		1,952,867
Virginia Public Building Authority,
Public Facilities Revenue
5.75%, 8/1/2018 (Prerefunded 8/1/2010)	2,700,000	a	3,073,167
Virginia Resource Authority:
Clean Water Revenue State Revolving Fund:
5.25%, 10/1/2012	1,000,000		1,135,080
5.375%, 10/1/2022	3,035,000		3,353,796
Infrastructure Revenue
5%, 11/1/2013	1,200,000		1,313,568
Virginia State University,
Virginia Commonwealth University, Revenue
5.75%, 5/1/2021 (Prerefunded 5/1/2006)	1,200,000	a	1,274,028
U. S. Related--13.7%
The Children's Trust Fund of Puerto Rico,
Tobacco Settlement Revenue, Asset Backed Bonds
6%, 7/1/2026 (Prerefunded 7/1/2010)	1,500,000	a	1,716,540
Commonwealth of Puerto Rico:

8.618%, 7/1/2012 (Insured; MBIA)	2,950,000	b,c	3,841,549
(Public Improvement):
5.50%, 7/1/2012 (Insured; MBIA)	50,000		57,556
6%, 7/1/2026 (Prerefunded 7/1/2007)	1,500,000	a	1,648,185
Virgin Islands Public Finance Authority, Revenue
Gross Receipts Taxes Loan Note
6.50%, 10/1/2024	3,000,000		3,475,050
Total Investments (cost 73,174,808)	99.4%		78,082,834
Cash and Receivables (Net)	.6%		502,405
Net Assets	100.0%		78,585,239
Notes to Statement of Investments:

a 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 Inverse floater security - the interest rate is subject to change periodically. 

c Security exempt from registration under Rule 144A of the Securities Act of 1933. This security may be resold in transactions 

exempt from registration, normally to qualified institutional buyers. This security has been deemed to be liquid by the Board of 

Trustees. At January 31, 2005, this security amounted to $ 3,841,549 or 4.9% of net assets. 

d Securities valuation policies and other investment related disclosures are hereby incorporated by reference the annual and 

semi annual reports previously filed with the Securities and Exchange Commission on Form N-CSR. 

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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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 State Municipal Bond Fund

By:	/s/ Stephen E. Canter
	Stephen E. Canter
	President
Date:	March 17, 2005
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/ Stephen E. Canter
	Stephen E. Canter
	Chief Executive Officer
Date:	March 17, 2005
By:	/s/ James Windels
	James Windels
	Chief Financial Officer
Date:	March 17, 2005
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)

-3-

EX-99

SECTION 302 CERTIFICATIONS

I, Stephen E. Canter, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus Premier State Municipal Bond Fund;

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 schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

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) 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) 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

(c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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/ Stephen E. Canter
	Stephen E. Canter
	Chief Executive Officer
Date:	March 17, 2005

SECTION 302 CERTIFICATIONS

I, James Windels, certify that:

1. I have reviewed this report on Form N-Q of Dreyfus Premier State Municipal Bond Fund;

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 schedule of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

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) 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) 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

(c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

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
	Chief Financial Officer
Date:	March 17, 2005