NOTE 1--Significant Accounting Policies:
Dreyfus Emerging Markets Fund (the "fund") is a separate non-diversified series of Dreyfus International Funds,
Inc. (the "Company"), which is registered under the Investment Company Act of 1940, as amended (the "Act"),
as an open-end management investment company and operates as a series company currently offering two series,
including the fund. The fund's investment objective is long-term capital appreciation. The Dreyfus Corporation
(the "Manager") serves as the fund's investment adviser. The Manager is a direct subsidiary of Mellon Bank,
N.A., which is a wholly-owned subsidiary of Mellon Financial Corporation. Premier Mutual Fund Services, Inc.
(the "Distributor") is the distributor of the fund's shares, which are sold to the public without a sales charge.
The Company accounts separately for the assets, liabilities and operations of each series. Expenses directly
attributable to each series are charged to that series' operations; expenses which are applicable to all series are
allocated among them on a pro rata basis.
The fund' s financial statements are prepared in accordance with generally accepted accounting principles which
may require the use of management estimates and assumptions. Actual results could differ from those estimates.
(A) PORTFOLIO VALUATION: Investments in securities (including options and financial futures) are valued at
the last sales price on the securities exchange on which such securities are primarily traded or at the last sales
price on the national securities market. 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. Securities for which there are no such valuations are valued at fair value as determined in
good faith under the direction of the