NOTE 1--Significant Accounting Policies:
Dreyfus BASIC New York Municipal Money Market Fund (the "fund") is a separate non-diversified series of
The Dreyfus/Laurel Tax-Free Municipal Funds (the " Trust" ) 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 five series including the fund. The fund' s investment objective is to provide a high level
of current income exempt from Federal income taxes and New York State and New York City personal income
taxes to the extent consistent with the preservation of capital and the maintenance of liquidity by investing in high
quality, short-term municipal securities. The Dreyfus Corporation ("Manager") serves as the fund's investment
adviser. The Manager is a direct subsidiary of Mellon Bank, N.A. Premier Mutual Fund Services, Inc. is the
distributor of the fund's shares.
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 are valued at amortized cost in accordance with Rule
2a-7 of the Act, which has been determined by the fund's Board of Trustees to represent the fair value of the
It is the fund's policy to maintain a continuous net asset value per share of $1.00 for the fund; the fund has
adopted certain investment, portfolio valuation and dividend and distribution policies to enable it to do so. There
is no assurance, however, that the fund will be able to maintain a stable net asset value per share of $1.00.
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
(B) SECURITIES TRANSACTIONS AND INVESTMENT INCOME: Securities transactions are recorded
on a trade date basis. Interest income, adjusted for amortization of premiums and original issue discounts on
investments, is earned