DREYFUS DEBT & EQUITY FUNDS
485BPOS, EX-23, 2000-12-29
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                         CONSENT OF INDEPENDENT AUDITORS




We consent to the reference to our firm under the caption "Counsel and
Independent Auditors" in this Registration Statement (Form N-1A No. 33-7172) of
Dreyfus Premier Strategic Income Fund, one of the series of Dreyfus Debt and
Equity Funds.




                                    ERNST & YOUNG LLP


New York, New York
December 26, 2000



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