N-CSR 1 form070.htm SEMI-ANNUAL REPORT form070
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

FORM N-CSR 
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT 
INVESTMENT COMPANIES 
Investment Company Act file number 811-7512 
Dreyfus Premier Worldwide Growth Fund, Inc. 
(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:    10/31 
Date of reporting period:    04/30/08 


FORM N-CSR

Item 1. Reports to Stockholders.


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The views expressed in this report reflect those of the portfolio manager only through the end of the period covered and do not necessarily represent the views of Dreyfus or any other person in the Dreyfus organization. Any such views are subject to change at any time based upon market or other conditions and Dreyfus disclaims any responsibility to update such views.These views may not be relied on as investment advice and, because investment decisions for a Dreyfus fund are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any Dreyfus fund.

Not FDIC-Insured • Not Bank-Guaranteed • May Lose Value


Contents
 
    THE FUND 


2    A Letter from the CEO 
3    Discussion of Fund Performance 
6    Understanding Your Fund’s Expenses 
6    Comparing Your Fund’s Expenses 
With Those of Other Funds
7    Statement of Investments 
10    Statement of Assets and Liabilities 
11    Statement of Operations 
12    Statement of Changes in Net Assets 
14    Financial Highlights 
19    Notes to Financial Statements 
FOR MORE INFORMATION

    Back Cover 


The    Fund 

Dreyfus Premier 
Worldwide Growth Fund, Inc. 

A LETTER FROM THE CEO

Dear Shareholder:

We are pleased to present this semiannual report for Dreyfus Premier Worldwide Growth Fund, Inc., covering the six-month period from November 1, 2007, through April 30, 2008.

Although the international equity markets have declined due to concerns that the recent turbulence in the U.S. economy might dampen global economic growth, we recently have seen signs of potential improvement. Throughout the last six months, the Federal Reserve Board and other central banks have reduced short-term interest rates and injected liquidity into their banking systems, helping to reassure investors. At Dreyfus, we believe that the current period of global economic uncertainty is likely to be relatively brief by historical standards, but the ensuing recovery may be gradual as financial deleveraging and housing price deflation continue to weigh on economic activity in the United States and other nations that depend on exports to U.S. businesses and consumers.

The implications of our economic outlook for the international stock markets generally are positive. Recent selling pressure has created attractive values in a number of areas, including among many of the world’s largest multinational companies.Your financial advisor can help you assess current risks and take advantage of these longer-term opportunities within the context of your overall investment portfolio.

For information about how the fund performed during the reporting period, as well as market perspectives, we have provided a Discussion of Fund Performance given by the fund’s Portfolio Manager.

Thank you for your continued confidence and support.

2


DISCUSSION OF FUND PERFORMANCE

For the period of November 1, 2007, through April 30, 2008, as provided by Fayez Sarofim, Portfolio Manager of Fayez Sarofim & Co., Sub-Investment Adviser

Fund and Market Performance Overview

For the six-month period ended April 30, 2008, Dreyfus Premier Worldwide Growth Fund’s Class A shares produced a total return of –5.38%, Class B shares produced –5.80%, Class C shares produced –5.75%, Class I shares produced –5.27% and Class T shares produced –5.50% .1 In comparison, the fund’s benchmark, the Morgan Stanley Capital International World Index (“MSCI World Index”), provided a –9.37% total return for the same period.2

Although global equities generally declined due to concerns stemming from a credit crisis and U.S. economic slowdown, stocks of well-established, global companies with strong finances and dominant brands fared relatively well.Because the fund primarily invests in such companies, it produced higher returns than its benchmark over the reporting period.

The Fund’s Investment Approach

The fund invests primarily in large, well-established, multinational companies that we believe are well positioned to weather difficult economic climates and thrive during favorable times. We focus on purchasing large-cap,“blue-chip” stocks at a price we consider to be justified by a company’s fundamentals.The result is a portfolio of stocks of prominent companies selected for their sustained patterns of profitability, strong balance sheets, expanding global presence and above-average earnings growth potential.The fund pursues a “buy-and-hold” investment strategy in which we typically buy and sell relatively few stocks during the course of the year, which may help to reduce investors’ tax liabilities and the fund’s trading costs.3

Economic and Credit Woes Undermined Stock Prices

A credit crisis that began over the summer of 2007 in the U.S.sub-prime mortgage market intensified during the reporting period, causing

The Fund 3


DISCUSSION OF FUND PERFORMANCE (continued)

global investors to reassess their attitudes toward risk.At the same time, the U.S. economy suffered a sharp slowdown triggered by plummeting housing prices, and signs of economic weakness began to appear in Europe and other regions.The Federal Reserve Board (the “Fed”) and other central banks attempted to address the credit crisis by injecting liquidity into their banking systems. In addition, the Fed tried to forestall a full-blown recession by aggressively reducing short-term U.S. interest rates from 4.75% at the start of the reporting period to 2% by the end. The financials sector was hit particularly hard by the credit crisis, which produced massive losses among major commercial and investment banks throughout the world.

Leading Companies Held Up Well in a Flight to Quality

In this challenging environment, the fund continued to benefit from its longstanding focus on large, global companies with low debt levels, strong management teams and dominant market positions. Increasingly, investors turned away from the smaller, more speculative companies that previously had led the U.S. and international stock markets, and they turned instead to the types of companies in which the fund invests.

The fund’s holdings in the consumer staples sector fared particularly well, as these companies produce goods and services that are in steady demand regardless of economic conditions. Global food producer Nestle benefited from a new management team’s focus on higher-growth businesses. Retail giant Wal-Mart Stores rebounded from weakness in 2007 as cash-strapped consumers sought lower prices. Tobacco leader Altria Group unlocked additional shareholder value by spinning off its international operations into a new company, Philip Morris International, which the fund has continued to hold.

The fund also benefited from underweighted exposure to and strong stock selections within the health care sector. Conversely, the fund held substantially overweighted exposure to the energy area, which fared well as oil prices reached new record highs, helping to support the earnings of industry leaders Chevron, Exxon Mobil,Total and ConocoPhillips.

4


The fund received less attractive returns from a handful of other holdings. Industrial giant General Electric declined after reporting disappointing earnings in early 2008, and luxury goods purveyor Christian Dior declined amid consumer spending concerns. Some of the fund’s larger financials holdings,including Citigroup and UBS,were hurt by sub-prime related losses.The fund’s lack of investment in the relatively strong utilities sector also subtracted from its returns compared to the benchmark.

Large-Cap Leadership Expected to Persist

A market rally in the U.S. in April apparently reflected renewed optimism that the worst of the credit crisis and economic downturn may be behind us. Nonetheless, we expect global investors to continue to favor large growth companies over the foreseeable future.To take fuller advantage of this and other trends, we established a number of new positions during the reporting period, including consumer electronics producer Apple, global industrial conglomerate ABB Limited, Mexican beverage company FEMSA, oil services provider Halliburton and mining firm Freeport McMoRan Copper & Gold.We eliminated the fund’s positions in energy company BP and global bank UBS due to management problems and sub-prime losses, respectively.

May 15, 2008

1    Total return includes reinvestment of dividends and any capital gains paid, and does not take into 
    consideration the maximum initial sales charges in the case of Class A and Class T shares, or the 
    applicable contingent deferred sales charges imposed on redemptions in the case of Class B and 
    Class C shares. Had these charges been reflected, returns would have been lower. Past performance 
    is no guarantee of future results. Share price and investment return fluctuate such that upon 
    redemption, fund shares may be worth more or less than their original cost. 
2    SOURCE: LIPPER INC. — Reflects reinvestment of net dividends and, where applicable, 
    capital gain distributions.The Morgan Stanley Capital International (MSCI) World Index is an 
    unmanaged index of global stock market performance, including the United States, Canada, 
    Europe, Australia, New Zealand and the Far East. 
3    Achieving tax efficiency is not a part of the fund’s investment objective, and there can be no 
    guarantee that the fund will achieve any particular level of taxable distributions in future years. In 
    periods when the manager has to sell significant amounts of securities (e.g., during periods of 
    significant net redemptions or changes in index components) funds can be expected to be less tax 
    efficient than during periods of more stable market conditions and asset flows. 

The Fund 5


UNDERSTANDING YOUR FUND’S EXPENSES (Unaudited)

As a mutual fund investor, you pay ongoing expenses, such as management fees and other expenses. Using the information below, you can estimate how these expenses affect your investment and compare them with the expenses of other funds.You also may pay one-time transaction expenses, including sales charges (loads) and redemption fees, which are not shown in this section and would have resulted in higher total expenses. For more information, see your fund’s prospectus or talk to your financial adviser.

Review your fund’s expenses

The table below shows the expenses you would have paid on a $1,000 investment in Dreyfus Premier Worldwide Growth Fund, Inc. from November 1, 2007 to April 30, 2008. It also shows how much a $1,000 investment would be worth at the close of the period, assuming actual returns and expenses.

Expenses and Value of a $1,000 Investment             
assuming actual returns for the six months ended April 30, 2008         
    Class A    Class B    Class C    Class I    Class T 






Expenses paid per $1,000     $ 5.86    $ 10.09    $ 9.37    $ 4.70    $ 6.96 
Ending value (after expenses)    $946.20    $942.00    $942.50    $947.30    $945.00 

COMPARING YOUR FUND’S EXPENSES 
WITH THOSE OF OTHER FUNDS (Unaudited) 

Using the SEC’s method to compare expenses

The Securities and Exchange Commission (SEC) has established guidelines to help investors assess fund expenses. Per these guidelines, the table below shows your fund’s expenses based on a $1,000 investment, assuming a hypothetical 5% annualized return. You can use this information to compare the ongoing expenses (but not transaction expenses or total cost) of investing in the fund with those of other funds.All mutual fund shareholder reports will provide this information to help you make this comparison. Please note that you cannot use this information to estimate your actual ending account balance and expenses paid during the period.

Expenses and Value of a $1,000 Investment             
assuming a hypothetical 5% annualized return for the six months ended April 30, 2008 
    Class A    Class B    Class C    Class I    Class T 






Expenses paid per $1,000     $ 6.07    $ 10.47    $ 9.72    $ 4.87    $ 7.22 
Ending value (after expenses)    $1,018.85    $1,014.47    $1,015.22    $1,020.04    $1,017.70 

Expenses are equal to the fund's annualized expense ratio of 1.21% for Class A, 2.09% for Class B, 1.94% for 
Class C, .97% for Class I and 1.44% for Class T, multiplied by the average account value over the period, 
multiplied by 182/366 (to reflect the one-half year period). 

6


STATEMENT OF INVESTMENTS 
April 30, 2008 (Unaudited) 

Common Stocks—99.5%    Shares    Value ($) 



Consumer Discretionary—21.4%         
Christian Dior    280,000    32,274,565 
L’Oreal, ADR    1,270,000    30,226,000 
McDonald’s    217,800    12,976,524 
McGraw-Hill    285,000    11,682,150 
News, Cl. A    696,400    12,465,560 
Pearson    300,944    3,932,066 
Procter & Gamble    330,000    22,126,500 
Walgreen    518,000    18,052,300 
        143,735,665 
Consumer Staples—23.5%         
Altria Group    552,500    11,050,000 
Coca-Cola    403,100    23,730,497 
Diageo, ADR    165,000    13,513,500 
Fomento Economico Mexicano, ADR    45,000    1,955,250 
Groupe Danone, ADR    1,450,000    25,737,500 
LVMH Moet Hennessy Louis Vuitton    102,175    11,713,518 
Nestle, ADR    250,000    29,980,000 
PepsiCo    180,675    12,381,658 
Philip Morris International    552,500 a    28,194,075 
        158,255,998 
Energy—21.8%         
Chevron    310,800    29,883,420 
ConocoPhillips    26,000    2,239,900 
Exxon Mobil    555,008    51,654,595 
Halliburton    50,000    2,295,500 
Norsk Hydro, ADR    522,000    7,772,580 
StatoilHydro ASA, ADR    450,068    16,278,960 
Total, ADR    434,516    36,499,344 
        146,624,299 
Financial—8.5%         
American Express    40,850    1,961,617 
Ameriprise Financial    45,970    2,183,115 
Assicurazioni Generali    263,890    11,755,823 

The Fund 7


STATEMENT OF INVESTMENTS (Unaudited) (continued)

Common Stocks (continued)    Shares    Value ($) 



Financial (continued)         
Citigroup    90,284    2,281,477 
Deutsche Bank    70,300    8,396,632 
Eurazeo    66,352    8,604,428 
HSBC Holdings, ADR    135,000    11,716,650 
JPMorgan Chase & Co.    80,100    3,816,765 
Zurich Financial Services    20,500    6,276,721 
        56,993,228 
Health Care—8.9%         
Abbott Laboratories    200,300    10,565,825 
Johnson & Johnson    203,525    13,654,492 
Novartis, ADR    78,000    3,925,740 
Roche Holding, ADR    382,000    31,854,980 
        60,001,037 
Industrial—5.6%         
ABB, ADR    125,000    3,833,750 
Emerson Electric    174,200    9,103,692 
General Electric    526,072    17,202,554 
United Technologies    100,000    7,247,000 
        37,386,996 
Information Technology—4.6%         
Apple    16,000 a    2,783,200 
Intel    810,941    18,051,547 
Microsoft    290,000    8,270,800 
Texas Instruments    60,000    1,749,600 
        30,855,147 

8


Common Stocks (continued)    Shares    Value ($) 



Materials—5.2%         
Air Liquide, ADR    938,236    28,334,727 
Freeport-McMoRan Copper & Gold    27,000    3,071,250 
Yara International, ADR    52,400    3,840,396 
        35,246,373 



Total Investments (cost $336,248,981)    99.5%    669,098,743 
Cash and Receivables (Net)    .5%    3,660,800 
Net Assets    100.0%    672,759,543 

ADR—American Depository Receipts 
a Non-income producing security. 

Portfolio Summary (Unaudited)          
 
    Value (%)        Value (%) 




Consumer Staples    23.5    Industrial    5.6 
Energy    21.8    Materials    5.2 
Consumer Discretionary    21.4    Information Technology    4.6 
Health Care    8.9         
Financial    8.5        99.5 

Based on net assets. 
See notes to financial statements. 

The Fund 9


STATEMENT OF ASSETS AND LIABILITIES 
April 30, 2008 (Unaudited) 

    Cost    Value 



Assets ($):         
Investments in securities—See Statement of Investments    336,248,981    669,098,743 
Receivable for investment securities sold        3,828,705 
Dividends and interest receivable        1,850,193 
Receivable for shares of Common Stock subscribed        788,130 
Prepaid expenses        86,281 
        675,652,052 



Liabilities ($):         
Due to The Dreyfus Corporation and affiliates—Note 3(c)        770,221 
Cash overdraft due to Custodian        589,274 
Payable for shares of Common Stock redeemed        1,200,745 
Interest payable—Note 2        13,876 
Accrued expenses        318,393 
        2,892,509 



Net Assets ($)        672,759,543 



Composition of Net Assets ($):         
Paid-in capital        345,372,244 
Accumulated distributions in excess of investment income—net    (5,826,916) 
Accumulated net realized gain (loss) on investments        345,858 
Accumulated net unrealized appreciation (depreciation)         
on investments and foreign currency transactions        332,868,357 



Net Assets ($)        672,759,543 

Net Asset Value Per Share                 
    Class A    Class B    Class C    Class I    Class T 






Net Assets ($)    545,954,157    35,885,685    85,226,254    1,702,711    3,990,736 
Shares Outstanding    12,314,132    847,805    2,076,186    38,070    90,981 






Net Asset Value                     
Per Share ($)    44.34    42.33    41.05    44.73    43.86 

See notes to financial statements.

10


STATEMENT OF OPERATIONS 
Six Months Ended April 30, 2008 (Unaudited) 

Investment Income ($):     
Income:     
Cash dividends (net of $718,083 foreign taxes withheld at source):     
Unaffiliated issuers    8,265,778 
Affiliated issuers    22,312 
Total Income    8,288,090 
Expenses:     
Investment advisory fee—Note 3(a)    2,609,824 
Shareholder servicing costs—Note 3(c)    1,452,365 
Distribution fees—Note 3(b)    491,545 
Custodian fees—Note 3(c)    57,626 
Registration fees    39,913 
Prospectus and shareholders’ reports    34,397 
Professional fees    31,573 
Directors’ fees and expenses—Note 3(d)    18,661 
Interest expense—Note 2    3,258 
Loan commitment fees—Note 2    1,499 
Miscellaneous    23,101 
Total Expenses    4,763,762 
Less—reduction in fees due to earnings credits—Note 1(c)    (50,355) 
Net Expenses    4,713,407 
Investment Income—Net    3,574,683 


Realized and Unrealized Gain (Loss) on Investments—Note 4 ($): 
Net realized gain (loss) on investments and foreign currency transactions    26,439,777 
Net unrealized appreciation (depreciation) on     
investments and foreign currency transactions    (73,132,638) 
Net Realized and Unrealized Gain (Loss) on Investments    (46,692,861) 
Net (Decrease) in Net Assets Resulting from Operations    (43,118,178) 

See notes to financial statements.

The Fund 11


STATEMENT OF CHANGES IN NET ASSETS

    Six Months Ended     
    April 30, 2008    Year Ended 
    (Unaudited)    October 31, 2007a 



Operations ($):         
Investment income—net    3,574,683    5,926,377 
Net realized gain (loss) on investments    26,439,777    48,112,902 
Net unrealized appreciation         
(depreciation) on investments    (73,132,638)    68,305,215 
Net Increase (Decrease) in Net Assets         
Resulting from Operations    (43,118,178)    122,344,494 



Dividends to Shareholders from ($):         
Investment income—net:         
Class A Shares    (8,917,422)    (4,981,532) 
Class B Shares    (155,432)     
Class C Shares    (841,181)    (1,074,861) 
Class I Shares    (29,256)    (19,089) 
Class T Shares    (57,283)    (27,305) 
Total Dividends    (10,000,574)    (6,102,787) 



Capital Stock Transactions ($):         
Net proceeds from shares sold:         
Class A Shares    32,964,970    74,638,803 
Class B Shares    1,068,890    1,564,440 
Class C Shares    3,147,510    7,614,028 
Class I Shares    402,692    480,280 
Class T Shares    60,989    226,172 
Dividends reinvested:         
Class A Shares    7,627,308    4,249,758 
Class B Shares    136,937     
Class C Shares    552,568    677,786 
Class I Shares    28,548    18,546 
Class T Shares    55,180    26,536 
Cost of shares redeemed:         
Class A Shares    (66,758,836)    (125,355,326) 
Class B Shares    (17,266,468)    (54,982,192) 
Class C Shares    (7,010,663)    (14,310,476) 
Class I Shares    (518,018)    (688,935) 
Class T Shares    (382,958)    (395,905) 
Increase (Decrease) in Net Assets         
from Capital Stock Transactions    (45,891,351)    (106,236,485) 
Total Increase (Decrease) in Net Assets    (99,010,103)    10,005,222 



Net Assets ($):         
Beginning of Period    771,769,646    761,764,424 
End of Period    672,759,543    771,769,646 
Undistributed (distributions in excess         
of) investment income—net    (5,826,916)    598,975 

12


    Six Months Ended     
    April 30, 2008    Year Ended 
    (Unaudited)    October 31, 2007a 



Capital Share Transactions:         
Class Ab         
Shares sold    740,747    1,718,100 
Shares issued for dividends reinvested    168,348    100,331 
Shares redeemed    (1,523,850)    (2,855,726) 
Net Increase (Decrease) in Shares Outstanding    (614,755)    (1,037,295) 



Class B b         
Shares sold    25,449    37,939 
Shares issued for dividends reinvested    3,156     
Shares redeemed    (405,482)    (1,327,656) 
Net Increase (Decrease) in Shares Outstanding    (376,877)    (1,289,717) 



Class C         
Shares sold    75,778    186,246 
Shares issued for dividends reinvested    13,138    17,212 
Shares redeemed    (171,555)    (350,326) 
Net Increase (Decrease) in Shares Outstanding    (82,639)    (146,868) 



Class I         
Shares sold    8,878    10,832 
Shares issued for dividends reinvested    625    435 
Shares redeemed    (11,143)    (15,773) 
Net Increase (Decrease) in Shares Outstanding    (1,640)    (4,506) 



Class T         
Shares sold    1,399    5,224 
Shares issued for dividends reinvested    1,230    632 
Shares redeemed    (8,829)    (9,053) 
Net Increase (Decrease) in Shares Outstanding    (6,200)    (3,197) 

a    Effective June 1, 2007, Class R shares were redesignated as Class I shares. 
b    During the period ended April 30, 2008, 223,484 Class B shares representing $9,569,106, were automatically 
    converted to 213,102 Class A shares and during the period ended October 31, 2007, 761,420 Class B shares 
    representing $31,483,742 were automatically converted to 724,009 Class A shares. 
See notes to financial statements. 

The Fund 13


FINANCIAL HIGHLIGHTS

The following tables describe the performance for each share class for the fiscal periods indicated. All information (except portfolio turnover rate) reflects financial results for a single fund share.Total return shows how much your investment in the fund would have increased (or decreased) during each period, assuming you had reinvested all dividends and distributions.These figures have been derived from the fund’s financial statements.

    Six Months Ended 
    April 30, 2008        Year Ended October 31,     



Class A Shares    (Unaudited)    2007    2006    2005    2004    2003 







Per Share Data ($):                         
Net asset value,                         
beginning of period    47.58    40.85    35.12    31.35    29.73    25.60 
Investment Operations:                         
Investment income—net a    .26    .41    .39    .42    .23    .21 
Net realized and unrealized                         
gain (loss) on investments    (2.80)    6.68    5.91    3.83    1.79    3.92 
Total from Investment Operations (2.54)    7.09    6.30    4.25    2.02    4.13 
Distributions:                         
Dividends from investment                         
income—net    (.70)    (.36)    (.57)    (.48)    (.40)     
Net asset value, end of period    44.34    47.58    40.85    35.12    31.35    29.73 







Total Return (%) b    (5.38)c    17.47    18.16    13.63    6.85    16.13 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    1.21d    1.24    1.23    1.24    1.25    1.27 
Ratio of net expenses                         
to average net assets    1.21d,e    1.24e    1.23    1.24e    1.25    1.27 
Ratio of net investment income                     
to average net assets    1.17d    .94    1.04    1.21    .73    .79 
Portfolio Turnover Rate    1.84c    1.21    .30    .52    .58    1.08 







Net Assets, end of period                         
($ x 1,000)    545,954 615,183    570,586    533,041    465,536    390,243 

a    Based on average shares outstanding at each month end. 
b    Exclusive of sales charge. 
c    Not annualized. 
d    Annualized. 
e    Expense waivers and/or reimbursements amounted to less than .01%. 
See notes to financial statements. 

14


    Six Months Ended 
    April 30, 2008        Year Ended October 31,     



Class B Shares    (Unaudited)    2007    2006    2005    2004    2003 







Per Share Data ($):                         
Net asset value,                         
beginning of period    45.08    38.71    33.19    29.54    28.03    24.33 
Investment Operations:                         
Investment income (loss)-net a    .06    .05    .08    .17    (.03)    .00b 
Net realized and unrealized gain                     
(loss) on investments    (2.67)    6.32    5.60    3.59    1.69    3.70 
Total from Investment Operations (2.61)    6.37    5.68    3.76    1.66    3.70 
Distributions:                         
Dividends from investment                         
income—net    (.14)        (.16)    (.11)    (.15)     
Net asset value, end of period    42.33    45.08    38.71    33.19    29.54    28.03 







Total Return (%) c    (5.80)d    16.46    17.16    12.73    5.96    15.21 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    2.10e    2.09    2.08    2.06    2.07    2.05 
Ratio of net expenses                         
to average net assets    2.09e    2.09f    2.08    2.06f    2.07    2.05 
Ratio of net investment income                     
(loss) to average net assets    .27e    .13    .23    .53    (.10)    .02 
Portfolio Turnover Rate    1.84d    1.21    .30    .52    .58    1.08 







Net Assets, end of period                         
($ x 1,000)    35,886    55,214    97,334    153,641    295,281    432,448 

a    Based on average shares outstanding at each month end. 
b    Amount represents less than $.01 per share. 
c    Exclusive of sales charge. 
d    Not annualized. 
e    Annualized. 
f    Expense waivers and/or reimbursements amounted to less than .01%. 
See notes to financial statements. 

The Fund 15


FINANCIAL HIGHLIGHTS (continued)

    Six Months Ended 
    April 30, 2008        Year Ended October 31,     



Class C Shares    (Unaudited)    2007    2006    2005    2004    2003 







Per Share Data ($):                         
Net asset value,                         
beginning of period    43.96    38.15    32.82    29.30    27.82    24.13 
Investment Operations:                         
Investment income (loss)-net a    .09    .08    .11    .16    (.01)    .01 
Net realized and unrealized                         
gain (loss) on investments    (2.61)    6.20    5.53    3.58    1.67    3.68 
Total from Investment Operations (2.52)    6.28    5.64    3.74    1.66    3.69 
Distributions:                         
Dividends from investment                         
income—net    (.39)    (.47)    (.31)    (.22)    (.18)     
Net asset value, end of period    41.05    43.96    38.15    32.82    29.30    27.82 







Total Return (%) b    (5.75)c    16.61    17.30    12.77    6.07    15.25 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    1.94d    1.97    1.96    2.01    2.02    2.02 
Ratio of net expenses                         
to average net assets    1.94d,e    1.97e    1.96    2.01e    2.02    2.02 
Ratio of net investment income                     
(loss) to average net assets    .45d    .20    .31    .48    (.05)    .04 
Portfolio Turnover Rate    1.84c    1.21    .30    .52    .58    1.08 







Net Assets, end of period                         
($ x 1,000)    85,226    94,893    87,964    87,120    97,433    110,960 

a    Based on average shares outstanding at each month end. 
b    Exclusive of sales charge. 
c    Not annualized. 
d    Annualized. 
e    Expense waivers and/or reimbursements amounted to less than .01%. 
See notes to financial statements. 

16

    Six Months Ended 
    April 30, 2008        Year Ended October 31,     



Class I Shares    (Unaudited)    2007a    2006    2005    2004    2003 







Per Share Data ($):                         
Net asset value,                         
beginning of period    48.06    41.27    35.49    31.69    29.95    25.75 
Investment Operations:                         
Investment income—net b    .32    .52    .42    .59    .36    .29 
Net realized and unrealized                         
gain (loss) on investments    (2.84)    6.75    6.01    3.80    1.81    3.91 
Total from Investment Operations (2.52)    7.27    6.43    4.39    2.17    4.20 
Distributions:                         
Dividends from investment                         
income—net    (.81)    (.48)    (.65)    (.59)    (.43)     
Net asset value, end of period    44.73    48.06    41.27    35.49    31.69    29.95 







Total Return (%)    (5.27)c    17.76    18.35    14.01    7.28    16.31 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    .97d    .98    1.06    .91    .85    .96 
Ratio of net expenses                         
to average net assets    .97d,e    .98e    1.06    .91e    .85    .96 
Ratio of net investment income                     
to average net assets    1.44d    1.17    1.19    1.74    1.14    1.10 
Portfolio Turnover Rate    1.84c    1.21    .30    .52    .58    1.08 







Net Assets, end of period                         
($ x 1,000)    1,703    1,909    1,825    2,029    3,042    3,257 

a    Effective June 1, 2007, Class R shares were redesignated as Class I shares. 
b    Based on average shares outstanding at each month end. 
c    Not annualized. 
d    Annualized. 
e    Expense waivers and/or reimbursements amounted to less than .01%. 
See notes to financial statements. 

The Fund 17


FINANCIAL HIGHLIGHTS (continued)

    Six Months Ended 
    April 30, 2008        Year Ended October 31,     



Class T Shares    (Unaudited)    2007    2006    2005    2004    2003 







Per Share Data ($):                         
Net asset value,                         
beginning of period    47.03    40.40    34.71    31.00    29.41    25.39 
Investment Operations:                         
Investment income—net a    .20    .31    .30    .33    .15    .13 
Net realized and unrealized                         
gain (loss) on investments    (2.77)    6.59    5.86    3.78    1.78    3.89 
Total from Investment Operations (2.57)    6.90    6.16    4.11    1.93    4.02 
Distributions:                         
Dividends from investment                         
income—net    (.60)    (.27)    (.47)    (.40)    (.34)     
Net asset value, end of period    43.86    47.03    40.40    34.71    31.00    29.41 







Total Return (%) b    (5.50)c    17.16    17.90    13.38    6.58    15.83 







Ratios/Supplemental Data (%):                     
Ratio of total expenses                         
to average net assets    1.45d    1.47    1.46    1.49    1.49    1.50 
Ratio of net expenses                         
to average net assets    1.44d    1.47e    1.46    1.49e    1.49    1.50 
Ratio of net investment income                     
to average net assets    .94d    .70    .80    .99    .49    .51 
Portfolio Turnover Rate    1.84c    1.21    .30    .52    .58    1.08 







Net Assets, end of period                         
($ x 1,000)    3,991    4,571    4,056    3,664    3,931    3,403 

a    Based on average shares outstanding at each month end. 
b    Exclusive of sales charge. 
c    Not annualized. 
d    Annualized. 
e    Expense waivers and/or reimbursements amounted to less than .01%. 
See notes to financial statements. 

  18

NOTES TO FINANCIAL STATEMENTS ( U n a u d i t e d )

NOTE 1—Significant Accounting Policies:

Dreyfus Premier Worldwide Growth Fund, Inc. (the “fund”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified open-end management investment company. The fund’s investment objective is to provide investors with long-term capital growth consistent with the preservation of capital.The Dreyfus Corporation (the “Manager” or “Dreyfus”), a wholly-owned subsidiary of The Bank of New York Mellon Corporation (“BNY Mellon”), serves as investment adviser. Fayez Sarofim & Co. (“Sarofim”) serves as sub-investment adviser.

MBSC Securities Corporation (the “Distributor”), a wholly-owned subsidiary of Dreyfus, is the distributor of the fund’s shares.The fund is authorized to issue 100 million shares of $.001 par value Common Stock in each of the following classes of shares: Class A, Class B, Class C, Class I and Class T. Class A and Class T shares are subject to a sales charge imposed at the time of purchase. Class B shares are subject to a contingent deferred sales charge (“CDSC”) imposed on Class B share redemptions made within six years of purchase and automatically convert to Class A shares after six years.The fund does not offer Class B shares, except in connection with dividends reinvestment and permitted exchanges of Class B shares. Class C shares are subject to a CDSC on Class C shares redeemed within one year of purchase and Class I shares are sold at net asset value per share only to institutional investors. Other differences between the classes include the services offered to and the expenses borne by each class, the allocation of certain transfer agency costs and certain voting rights. Income, expenses (other than expenses attributable to a specific class) and realized and unrealized gains or losses on investments are allocated to each class of shares based on its relative net assets.

The fund’s financial statements are prepared in accordance with U.S. generally accepted accounting principles, which may require the use of management estimates and assumptions. Actual results could differ from those estimates.

The Fund 19


NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

The fund enters into contracts that contain a variety of indemnifications. The fund’s maximum exposure under these arrangements is unknown.The fund does not anticipate recognizing any loss related to these arrangements.

(a) Portfolio valuation: Investments in securities are valued at the last sales price on the securities exchange or national securities market on which such securities are primarily traded. Securities listed on the National Market System for which market quotations are available, are valued at the official closing price or, if there is no official closing price that day, at the last sales price. Securities not listed on an exchange or the national securities market, or securities for which there were no transactions, are valued at the average of the most recent bid and asked prices, except for open short positions, where the asked price is used for valuation purposes. Bid price is used when no asked price is available. Registered open-end investment companies that are not traded on an exchange are valued at their net asset value.When market quotations or official closing prices are not readily available, or are determined not to reflect accurately fair value, such as when the value of a security has been significantly affected by events after the close of the exchange or market on which the security is principally traded (for example, a foreign exchange or market), but before the fund calculates its net asset value, the fund may value these investments at fair value as determined in accordance with the procedures approved by the Board of Directors. Fair valuing of securities may be determined with the assistance of a pricing service using calculations based on indices of domestic securities and other appropriate indicators, such as prices of relevant ADRs and futures contracts. For other securities that are fair valued by the Board of Directors, certain factors may be considered such as: fundamental analytical data, the nature and duration of restrictions on disposition, an evaluation of the forces that influence the market in which the securities are purchased and sold, and public trading in similar securities of the issuer or comparable issuers. Financial futures are valued at

20


the last sales price. Investments denominated in foreign currencies are translated to U.S. dollars at the prevailing rates of exchange. Forward currency exchange contracts are valued at the forward rate.

The Financial Accounting Standards Board (“FASB”) released Statement of Financial Accounting Standards No. 157 “Fair Value Measurements” (“FAS 157”). FAS 157 establishes an authoritative definition of fair value, sets out a framework for measuring fair value, and requires additional disclosures about fair-value measurements. The application of FAS 157 is required for fiscal years beginning after November 15, 2007 and interim periods within those fiscal years. Management does not believe that the application of this standard will have a material impact on the financial statements of the fund.

(b) Foreign currency transactions: The fund does not isolate that portion of the results of operations resulting from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Such fluctuations are included with the net realized and unrealized gain or loss on investments.

Net realized foreign exchange gains or losses arise from sales and maturities of short-term securities, sales of foreign currencies, currency gains or losses realized on securities transactions and the difference between the amounts of dividends, interest and foreign withholding taxes recorded on the fund’s books and the U.S. dollar equivalent of the amounts actually received or paid. Net unrealized foreign exchange gains and losses arise from changes in the value of assets and liabilities other than investments in securities, resulting from changes in exchange rates. Such gains and losses are included with net realized and unrealized gain or loss on investments.

(c) Securities transactions and investment income: Securities transactions are recorded on a trade date basis. Realized gains and losses from securities transactions are recorded on the identified cost basis.

The Fund 21


NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

Dividend income is recognized on the ex-dividend date and interest income, including, where applicable, accretion of discount and amortization of premium on investments, is recognized on the accrual basis.

The fund has arrangements with the custodian and cash management banks whereby the fund may receive earnings credits when positive cash balances are maintained, which are used to offset custody and cash management fees. For financial reporting purposes, the fund includes net earnings credits as an expense offset in the Statement of Operations.

(d) Affiliated issuers: Investments in other investment companies advised by Dreyfus are defined as “affiliated” in the Act.

(e) Dividends to shareholders: Dividends are recorded on the ex-dividend date. Dividends from investment income-net and dividends from net realized capital gains, if any, are normally declared and paid annually, but the fund may make distributions on a more frequent basis to comply with the distribution requirements of the Internal Revenue Code of 1986, as amended (the “Code”).To the extent that net realized capital gains can be offset by capital loss carryovers, it is the policy of the fund not to distribute such gains. Income and capital gain distributions are determined in accordance with income tax regulations, which may differ from U.S. generally accepted accounting principles.

(f) Federal income taxes: It is the policy of the fund to continue to qualify as a regulated investment company, if such qualification is in the best interests of its shareholders, by complying with the applicable provisions of the Code, and to make distributions of taxable income sufficient to relieve it from substantially all federal income and excise taxes.

During the current year, the fund adopted FASB Interpretation No. 48 “Accounting for Uncertainty in Income Taxes” (“FIN 48”). FIN 48 provides guidance for how uncertain tax positions should be recognized, measured, presented and disclosed in the financial statements. FIN 48 requires the evaluation of tax positions taken or expected to be taken in

22


the course of preparing the fund’s tax returns to determine whether the tax positions are “more-likely-than-not” of being sustained by the applicable tax authority. Tax positions not deemed to meet the more-likely-than-not threshold would be recorded as a tax expense in the current year.The adoption of FIN 48 had no impact on the operations of the fund for the period ended April 30, 2008.

Each of the tax years in the three-year period ended October 31, 2007, remains subject to examination by the Internal Revenue Service and state taxing authorities.

The fund has an unused capital loss carryover of $26,093,919 available for federal income tax purposes to be applied against future net securities profits, if any, realized subsequent to October 31, 2007. If not applied, $1,983,233 of the carryover expires in fiscal 2008, $6,194,382 expires in 2011 and $17,916,304 expires in fiscal 2012.

The tax character of distributions paid to shareholders during the fiscal year ended October 31, 2007, was as follows: ordinary income $6,102,787.The tax character of the current year distributions will be determined at the end of the current fiscal year.

NOTE 2—Bank Line of Credit:

The fund participates with other Dreyfus-managed funds in a $350 million redemption credit facility (the “Facility”) to be utilized for temporary or emergency purposes, including the financing of redemptions. In connection therewith, the fund has agreed to pay commitment fees on its pro rata portion of the Facility. Interest is charged to the fund based on prevailing market rates in effect at the time of borrowing.

The average daily amount of borrowings outstanding under the Facility during the period ended April 30, 2008, was approximately $168,800, with a related weighted average annualized interest rate of 3.88% .

The Fund 23


NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

NOTE 3—Investment Advisory Fee, Sub-Investment Advisory Fee and Other Transactions With Affiliates:

(a) Pursuant to an Investment Advisory Agreement with Dreyfus, the investment advisory fee is computed at the annual rate of .75% of the value of the fund’s average daily net assets and is payable monthly.

Pursuant to a Sub-Investment Advisory Agreement between Dreyfus and Sarofim, Dreyfus has agreed to pay Sarofim a monthly sub-investment advisory fee, computed at the following annual rates:

    Annual Fee as a Percentage of 
Total Net Assets    Average Daily Net Assets 
0 to $25 million    11% 
$25 million up to $75 million    18% 
$75 million up to $200 million    22% 
$200 million up to $300 million    26% 
In excess of $300 million    275% 

During the period ended April 30, 2008, the Distributor retained $21,809 and $34 from commissions earned on sales of the fund’s Class A and Class T shares, respectively, and $46,801 and $2,474 from CDSC on redemptions of the fund’s Class B and Class C shares, respectively.

(b) Under a Distribution Plan (the “Plan”) adopted pursuant to Rule 12b-1 under the Act, Class B, Class C and Class T shares pay the Distributor for distributing their shares at an annual rate of .75% of the value of the average daily net assets of Class B and Class C shares and .25% of the value of the average daily net assets of Class T shares. During the period ended April 30, 2008, Class B, Class C and Class T shares were charged $160,674, $325,653 and $5,218, respectively, pursuant to the Plan.

(c) Under the Shareholder Services Plan, Class A, Class B, Class C and Class T shares pay the Distributor, at an annual rate of .25% of the value of their average daily net assets for the provision of certain ser-vices.The services provided may include personal services relating to

24


shareholder accounts, such as answering shareholder inquiries regarding the fund and providing reports and other information, and services related to the maintenance of shareholder accounts. The Distributor may make payments to Service Agents (a securities dealer, financial institution or other industry professional) in respect of these services. The Distributor determines the amounts to be paid to Service Agents. During the period ended April 30, 2008, Class A, Class B, Class C and Class T shares were charged $700,527, $53,558, $108,551 and $5,218, respectively, pursuant to the Shareholder Services Plan.

The fund compensates Dreyfus Transfer, Inc., a wholly-owned subsidiary of Dreyfus, under a transfer agency agreement for providing personnel and facilities to perform transfer agency services for the fund. During the period ended April 30, 2008, the fund was charged $91,070 pursuant to the transfer agency agreement.

The fund compensates The Bank of New York, a subsidiary ofBNY Mellon and a Dreyfus affiliate, under a cash management agreement for performing cash management services related to fund subscriptions and redemptions. During the period ended April 30, 2008, the fund was charged $32,106 pursuant to the cash management agreement.

The fund compensates The Bank of New York under a custody agreement for providing custodial services for the fund. During the period ended April 30, 2008, the fund was charged $57,626 pursuant to the custody agreement.

During the period ended April 30, 2008, the fund was charged $2,820 for services performed by the Chief Compliance Officer.

The components of “Due to The Dreyfus Corporation and affiliates” in the Statement of Assets and Liabilities consist of: investment advisory fees $418,921, Rule 12b-1 distribution plan fees $75,579, shareholder services plan fees $137,959, custodian fees $44,812, chief compliance officer fees $1,880 and transfer agency per account fees $91,070.

The Fund 25


NOTES TO FINANCIAL STATEMENTS (Unaudited) (continued)

(d) Each Board member also serves as a Board member of other funds within the Dreyfus complex. Annual retainer fees and attendance fees are allocated to each fund based on net assets.

NOTE 4—Securities Transactions:

The aggregate amount of purchases and sales of investment securities, excluding short-term securities, during the period ended April 30, 2008, amounted to $12,964,519 and $67,594,833, respectively.

At April 30, 2008, accumulated net unrealized appreciation on investments was $332,849,762, consisting of $337,329,950 gross unrealized appreciation and $4,480,188 gross unrealized depreciation.

At April 30, 2008, the cost of investments for federal income tax purposes was substantially the same as the cost for financial reporting purposes (see the Statement of Investments).

In March 2008, the FASB released Statement of Financial Accounting Standards No. 161 “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements.The application of FAS 161 is required for fiscal years beginning after November 15, 2008 and interim periods within those fiscal years.At this time, management is evaluating the implications of FAS 161 and its impact on the financial statements and the accompanying notes has not yet been determined.

26


NOTES


Telephone Call your financial representative or 1-800-554-4611

Mail    The Dreyfus Premier Family of Funds 
    144 Glenn Curtiss Boulevard, Uniondale, NY 11556-0144 

The fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (“SEC”) for the first and third quarters of each fiscal year on Form N-Q. The fund’s Forms N-Q are available on the SEC’s website at http://www.sec.gov and may be reviewed and copied at the SEC’s Public Reference Room in Washington, DC. Information on the operation of the Public Reference Room may be obtained by calling 1-202-551-8090.

A description of the policies and procedures that the fund uses to determine how to vote proxies relating to portfolio securities, and information regarding how the fund voted these proxies for the 12-month period ended June 30, 2007, is available at http://www.dreyfus.com and on the SEC’s website at http://www.sec.gov. The description of the policies and procedures is also available without charge, upon request, by calling 1-800-645-6561.

© 2008 MBSC Securities Corporation


Item 2.    Code of Ethics. 
    Not applicable. 
Item 3.    Audit Committee Financial Expert. 
    Not applicable. 
Item 4.    Principal Accountant Fees and Services. 
    Not applicable. 
Item 5.    Audit Committee of Listed Registrants. 
    Not applicable. 
Item 6.    Investments. 
    Not applicable. 
Item 7.    Disclosure of Proxy Voting Policies and Procedures for Closed-End Management 
    Investment Companies. 
    Not applicable. 
Item 8.    Portfolio Managers of Closed-End Management Investment Companies. 
    Not applicable. 
Item 9.    Purchases of Equity Securities by Closed-End Management Investment Companies and 
    Affiliated Purchasers. 
    Not applicable. [CLOSED END FUNDS ONLY] 
Item 10.    Submission of Matters to a Vote of Security Holders. 

The Registrant has a Nominating Committee (the "Committee"), which is responsible for selecting and nominating persons for election or appointment by the Registrant's Board as Board members. The Committee has adopted a Nominating Committee Charter (the "Charter"). Pursuant to the Charter, the Committee will consider recommendations for nominees from shareholders submitted to the Secretary of the Registrant, c/o The Dreyfus Corporation Legal Department, 200 Park Avenue, 8th Floor East, New York, New York 10166. A nomination submission must include information regarding the recommended nominee as specified in the Charter. This information includes all information relating to a recommended nominee that is required to be disclosed in solicitations or proxy statements for the election of Board members, as well as information sufficient to evaluate the factors to be considered by the Committee, including character and integrity, business and professional experience, and whether the person has the ability to apply sound and


independent business judgment and would act in the interests of the Registrant and its shareholders. Nomination submissions are required to be accompanied by a written consent of the individual to stand for election if nominated by the Board and to serve if elected by the shareholders, and such additional information must be provided regarding the recommended nominee as reasonably requested by the Committee.

Item 11. 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-CSR 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-CSR 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 second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

Item 12. Exhibits.

(a)(1)    Not applicable. 
(a)(2)    Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) 
under the Investment Company Act of 1940. 
(a)(3)    Not applicable. 
(b)    Certification of principal executive and principal financial officers as required by Rule 30a-2(b) 
under the Investment Company Act of 1940. 


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 Worldwide Growth Fund, Inc. 
 
By:    /s/ J. David Officer 
    J. David Officer 
    President 
 
Date:    June 18, 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:    June 18, 2008 
 
By:    /s/ James Windels 
    James Windels 
    Treasurer 
 
Date:    June 18, 2008 


EXHIBIT INDEX

(a)(2) 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)

(b) Certification of principal executive and principal financial officers as required by Rule 30a-2(b) under the Investment Company Act of 1940. (EX-99.906CERT)