[C]
SECURITIES AND EXCHANGE COMMISSION ------------------------
WASHINGTON, D.C. 20549 OMB Approval
FORM N-17f-2 ------------------------
OMB Number 3235-0360
Certificate of Accounting of Securities and Similar Expires: July 31, 1994
Investments in the Custody of Estimated average burden
Management Investment Companies hours per response. 0.05
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
- -----------------------------------------------------------------------------
1. Investment Company Act File Number:
811-524
Date examination completed: October 31, 1998
- -----------------------------------------------------------------------------
2. State identification Number: N/A
--------------------------------------------------------------------------
AL AK AZ AR CA CO
--------------------------------------------------------------------------
CT DE DC FL GA HI
--------------------------------------------------------------------------
ID IL IN IA KS KY
--------------------------------------------------------------------------
LA ME MD MA MI MN
--------------------------------------------------------------------------
MS MO MT NE NV NH
--------------------------------------------------------------------------
NJ NM NY NC ND OH
--------------------------------------------------------------------------
OK OR PA RI SC SD
--------------------------------------------------------------------------
TN TX UT VT VA WA
--------------------------------------------------------------------------
WV WI WY PUERTO RICO
--------------------------------------------------------------------------
Other (specify):
- -----------------------------------------------------------------------------
3. Exact name of investment company as specified in registration statement:
The Dreyfus/Laurel Funds Trust
- ----------------------------------------------------------------------------
- ----------------------------------------------------------------------------
4. Address of principal executive office (number, street, city, state, zip code)
200 Park Avenue, 55th Floor, New York, NY10166
- ----------------------------------------------------------------------------
EXHIBIT 23
To the Board of Directors of
the Dreyfus/Laurel Funds Trust
and the Securities and Exchange Commission:
We have examined management's assertion about the Dreyfus/Laurel Funds Trust
(constituting the Dreyfus Premier Managed Income Fund, Dreyfus Premier Limited
Term High Income Fund, and Dreyfus Premier Core Value Fund) (the "Funds")
compliance with the requirements of subsection (b) and (c) of Rule 17f-2
under the Investment Company Act of 1940 (the Act) as of October 31,
1998 included in the accompanying Management Statement Regarding Compliance
with Certain Provisions of the Investment Company Act of 1940. Management
is responsible for the Funds' compliance with those requirements. Our
responsibility is to express an opinion on management's assertion about the
Funds'compliance based on our examination.
Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary
in the circumstances. Included among our procedures were the following tests
performed as of October 31, 1998 and for the period from June 30, 1998
(the date of our last examination) through October, 1998, with respect
to securities transactions, without prior notice to management:
1. Count and inspection of all securities located in the Mellon
Trust- Global Trust Services ("Mellon Trust") vault at 120
Broadway, New York, New York as of October 31, 1998;
2. Review of Mellon Trust's systems of reconciliation and control
including their reconciliations with the Federal Reserve Bank of
Boston, Depository Trust Company, Participant Trust Company and
other depositories/intermediaries, as well as their reconciliation
of these holdings with customers' positions. Such review included
analysis and testing of a sample of reconciling items;
3. Reconciliation of all such securities to the books and
records of the Funds and the INTRUST Funds Trust;
4. Agreement of pending trade activity for the Funds as of
October 31, 1998 to their corresponding subsequent bank
statements;
5. Review of the investment accounts and supporting recordes
of the Funds, including tests of security transactions since our
last report, on a test basis.
We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Funds'
compliance with specified requirements.
In our opinion, management's assertion that The Dreyfus/Laurel Funds
Trust were in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940 as of October
31, 1998 with respect to securities reflected in the investment accounts
of the Funds is fairly stated, in all material respects.
This report is intended solely for the information and use of management
of the Dreyfus/Laurel Funds Trust and the Securities and Exchange Commission
and should not be used for any other purpose.
/s/ KPMG LLP
-------------------------
KPMG LLP
New York, New York
December 17, 1998
December 17, 1998
Management Statement Regarding Compliance with Certain Provisions of the
Investment Company Act of 1940
We, as members of management of The Dreyfus/Laurel Funds Trust (constituting
the Dreyfus Premier Managed Income Fund, Dreyfus Premier Limited Term
High Income Fund, and Dreyfus Premier Core Value Fund) (the "Funds")
are responsible for complying with the requirements of subsections
(b) and (c) of Rule 17f-2, "Custody of Investments by Registered
Management Investment Companies," of the Investment Company Act of
1940. We are also responsible for establishing and maintaining effective
internal controls over compliance with the requirements. We have performed
an evaluation of the Funds' compliance with the requirements of subsections
(b) and (c) of Rule 17f-2 as of October 31, 1998 and for the period from
June 30, 1998 (date of last examination) through October 31, 1998
Based on this evaluation, we assert that the Funds were in compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of October 31, 1998 and for the period from
June 30, 1998 (date of last examiniation) through October 31, 1998,
with respect to securities reflected in the investment accounts of the Funds.
Sincerely,
/s/ Stephen E. Canter
- ------------------
Stephen E. Canter
Chief Operating Officer
The Dreyfus Corporation
