NOTE 1--Significant Accounting Policies:
Dreyfus Institutional U.S. Treasury Money Market Fund (the "Fund") is a series of The Dreyfus/Laurel Funds,
Inc. (the "Company") which is registered under the Investment Company Act of 1940 ("Act") as a diversified
open-end management investment company and operates as a series company currently offering sixteen series
including the Fund. The Fund's investment objective is to seek a high level of current income consistent with
stability of principal and conservative investment risk by investing in direct obligations of the U.S. Treasury and
repurchase agreements secured by such obligations. The Dreyfus Corporation ("Manager") serves as the Fund's
investment adviser. The Manager is a direct subsidiary of Mellon Bank, N.A. ("Mellon Bank"). 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 are valued at amortized cost in accordance with Rule 2a-7 of the Investment
Company Act of 1940, which has been determined by the Fund's Board of Directors to represent the fair value
of the Fund's investments.
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.
(b) Securities transactions and investment income: Securities transactions are recorded on a trade date basis.
Realized gain and loss from securities transactions are recorded on the identified cost basis. Interest income is
recognized on the accrual basis. Cost of investments represents amortized cost.
(c) Repurchase agreements: The Fund may engag