<PAGE> PAGE 1
000 A000000 04/30/95
000 C000000 794280
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 DREYFUS STRATEGIC INVESTING
001 B000000 811-4688
001 C000000 2129226807
002 A000000 144 GLENN CURTISS BOULEVARD
002 B000000 UNIONDALE
002 C000000 NY
002 D010000 11556
002 D020000 0144
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
018 000000 Y
019 A000000 Y
019 B000000 154
019 C000000 DREYFUSFAM
020 A000001 W.I. CARR (AMERICA) LTD.
020 B000001 13-2927466
020 C000001 66
020 A000002 MORGAN STANLEY & CO. INCORPORATED
020 B000002 13-2655998
020 C000002 54
020 A000003 AUTRANET, INC.
020 B000003 13-2961507
020 C000003 47
020 A000004 NATWEST SECURITIES CORPORATION
020 B000004 13-3341706
020 C000004 40
020 A000005 BEAR, STEARNS & CO. INC.
020 B000005 13-3299429
020 C000005 38
020 A000006 THE FIRST BOSTON CORPORATION
020 B000006 13-5659485
020 C000006 25
020 A000007 PAINEWEBBER INCORPORATED
020 B000007 13-2638166
020 C000007 24
020 A000008 MONTGOMERY SECURITIES
020 B000008 94-1701676
020 C000008 22
<PAGE> PAGE 2
020 A000009 LEHMAN BROTHERS INC.
020 B000009 13-2518466
020 C000009 21
020 A000010 DONALDSON, LUFKIN & JENRETTE SECURITIES CORP.
020 B000010 13-2741729
020 C000010 19
021 000000 724
022 A000001 G.X. CLARKE & CO.
022 B000001 13-2969143
022 C000001 236336
022 D000001 94205
022 A000002 MERRILL LYNCH, PIERCE, FENNER & SMITH INC.
022 B000002 13-5674085
022 C000002 90944
022 D000002 13182
022 A000003 BARCLAYS DE ZOETE WEDD SECURITIES, INC.
022 B000003 13-3551367
022 C000003 0
022 D000003 49277
022 A000004 EASTBRIDGE CAPITAL INC.
022 B000004 13-3501117
022 C000004 27801
022 D000004 0
022 A000005 CHEMICAL SECURITIES INC.
022 B000005 13-3379014
022 C000005 22934
022 D000005 0
022 A000006 UBS SECURITIES INC.
022 B000006 13-2932996
022 C000006 0
022 D000006 20879
022 A000007 THE FIRST BOSTON CORPORATION
022 B000007 13-5659485
022 C000007 1011
022 D000007 13415
022 A000008 CHASE SECURITIES, INC.
022 B000008 13-3112953
022 C000008 12666
022 D000008 0
022 A000009 AUBREY G. LANSTON & CO. INC.
022 B000009 13-5552129
022 C000009 9878
022 D000009 0
022 A000010 SALOMON BROTHERS INC.
022 B000010 13-3082694
022 C000010 5946
022 D000010 3183
023 C000000 437256
023 D000000 219722
028 A010000 3548
028 A020000 0
<PAGE> PAGE 3
028 A030000 0
028 A040000 5389
028 B010000 2989
028 B020000 7728
028 B030000 0
028 B040000 7817
028 C010000 2278
028 C020000 0
028 C030000 0
028 C040000 8927
028 D010000 1782
028 D020000 0
028 D030000 0
028 D040000 5836
028 E010000 3017
028 E020000 0
028 E030000 0
028 E040000 11131
028 F010000 2042
028 F020000 0
028 F030000 0
028 F040000 5711
028 G010000 15656
028 G020000 7728
028 G030000 0
028 G040000 44811
028 H000000 12074
029 000000 Y
030 A000000 87
030 B000000 4.50
030 C000000 0.25
031 A000000 15
031 B000000 0
032 000000 72
033 000000 0
034 000000 Y
035 000000 88
036 A000000 N
036 B000000 0
037 000000 N
038 000000 0
039 000000 N
040 000000 Y
041 000000 Y
042 A000000 0
042 B000000 0
042 C000000 100
042 D000000 0
042 E000000 0
042 F000000 0
042 G000000 0
<PAGE> PAGE 4
042 H000000 0
043 000000 150
044 000000 0
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 Y
054 M000000 Y
054 N000000 N
054 O000000 Y
055 A000000 Y
055 B000000 N
056 000000 N
057 000000 N
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
<PAGE> PAGE 5
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 Y
071 A000000 229874
071 B000000 189210
071 C000000 185000
071 D000000 102
072 A000000 6
072 B000000 3021
072 C000000 1379
072 D000000 0
072 E000000 0
072 F000000 975
072 G000000 0
072 H000000 0
072 I000000 513
072 J000000 30
072 K000000 0
<PAGE> PAGE 6
072 L000000 2
072 M000000 19
072 N000000 19
072 O000000 0
072 P000000 38
072 Q000000 0
072 R000000 23
072 S000000 11
072 T000000 150
072 U000000 0
072 V000000 2
072 W000000 73
072 X000000 1855
072 Y000000 0
072 Z000000 2545
072AA000000 17123
072BB000000 17328
072CC010000 3765
072CC020000 0
072DD010000 596
072DD020000 52
072EE000000 6469
073 A010000 0.0500
073 A020000 0.0250
073 B000000 0.5430
073 C000000 0.0000
074 A000000 317
074 B000000 0
074 C000000 30617
074 D000000 24693
074 E000000 4000
074 F000000 205919
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 35478
074 K000000 0
074 L000000 677
074 M000000 51
074 N000000 301752
074 O000000 37905
074 P000000 159
074 Q000000 0
074 R010000 0
074 R020000 6194
074 R030000 0
074 R040000 799
074 S000000 0
074 T000000 256695
074 U010000 10905
074 U020000 2140
<PAGE> PAGE 7
074 V010000 19.73
074 V020000 19.42
074 W000000 0.0000
074 X000000 18126
074 Y000000 30617
075 A000000 0
075 B000000 222035
076 000000 0.00
077 A000000 N
078 000000 N
SIGNATURE FREDERICK C. DEY
TITLE ASSISTANT TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS STRATEGIC INVESTING
<SERIES>
<NUMBER> 01
<NAME> CLASS A
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 250556
<INVESTMENTS-AT-VALUE> 265229
<RECEIVABLES> 36156
<ASSETS-OTHER> 367
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 301752
<PAYABLE-FOR-SECURITIES> 37905
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7152
<TOTAL-LIABILITIES> 45057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 240711
<SHARES-COMMON-STOCK> 10905
<SHARES-COMMON-PRIOR> 12071
<ACCUMULATED-NII-CURRENT> 522
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1212
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14250
<NET-ASSETS> 215137
<DIVIDEND-INCOME> 1379
<INTEREST-INCOME> 3021
<OTHER-INCOME> 0
<EXPENSES-NET> 1855
<NET-INVESTMENT-INCOME> 2545
<REALIZED-GAINS-CURRENT> (205)
<APPREC-INCREASE-CURRENT> 3765
<NET-CHANGE-FROM-OPS> 6105
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 596
<DISTRIBUTIONS-OF-GAINS> 6469
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 669
<NUMBER-OF-SHARES-REDEEMED> 2192
<SHARES-REINVESTED> 357
<NET-CHANGE-IN-ASSETS> (23576)
<ACCUMULATED-NII-PRIOR> (1375)
<ACCUMULATED-GAINS-PRIOR> 9023
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1855
<AVERAGE-NET-ASSETS> 222035
<PER-SHARE-NAV-BEGIN> 19.83
<PER-SHARE-NII> .20
<PER-SHARE-GAIN-APPREC> .29
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> .54
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.73
<EXPENSE-RATIO> .006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000794280
<NAME> DREYFUS STRATEGIC INVESTING
<SERIES>
<NUMBER> 02
<NAME> CLASS B
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1994
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 250556
<INVESTMENTS-AT-VALUE> 265229
<RECEIVABLES> 36156
<ASSETS-OTHER> 367
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 301752
<PAYABLE-FOR-SECURITIES> 37905
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7152
<TOTAL-LIABILITIES> 45057
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 240711
<SHARES-COMMON-STOCK> 2140
<SHARES-COMMON-PRIOR> 2088
<ACCUMULATED-NII-CURRENT> 522
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1212
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 14250
<NET-ASSETS> 41558
<DIVIDEND-INCOME> 1379
<INTEREST-INCOME> 3021
<OTHER-INCOME> 0
<EXPENSES-NET> 1855
<NET-INVESTMENT-INCOME> 2545
<REALIZED-GAINS-CURRENT> (205)
<APPREC-INCREASE-CURRENT> 3765
<NET-CHANGE-FROM-OPS> 6105
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 52
<DISTRIBUTIONS-OF-GAINS> 1137
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 153
<NUMBER-OF-SHARES-REDEEMED> 163
<SHARES-REINVESTED> 63
<NET-CHANGE-IN-ASSETS> (23576)
<ACCUMULATED-NII-PRIOR> (1375)
<ACCUMULATED-GAINS-PRIOR> 9023
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 975
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1855
<AVERAGE-NET-ASSETS> 222035
<PER-SHARE-NAV-BEGIN> 19.58
<PER-SHARE-NII> .13
<PER-SHARE-GAIN-APPREC> .28
<PER-SHARE-DIVIDEND> .03
<PER-SHARE-DISTRIBUTIONS> .54
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 19.42
<EXPENSE-RATIO> .010
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>