Independent Accountant's Report
To the Board of Trustees
Dreyfus Stock Index Fund
We have examined management's assertion about
Dreyfus Stock Index Fund's
(the "Company") compliance with the
requirements of subsections (b) and (c) of Rule 17f-2 of the
Investment Company Act of 1940 ("the Act") as
of August 31, 1999, with respect to securities and similar
investments reflected in the investment account of the Company,
included in the accompanying Management Statement Regarding
Compliance with Certain Provisions of the Investment Company
Act of 1940. Management is responsible for the Company's
compliance with those requirements. Our responsibility is to
express an opinion on management's assertion about the
Company's 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 Company's 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 August 31, 1999, and with respect to
agreement of security and similar investments purchases
and sales, for the period from October 31, 1998
(the date of last examination) through August 31, 1999;
Count and inspection of all securities and similar investments
located in the vault of Mellon Bank in New York, without
prior notice to management;
Confirmation of all securities and similar investments held by
institutions in book entry form (i.e., the Federal Reserve Bank
of Boston, the Depository Trust Company and the Participant
Trust Company);
Reconciliation of confirmation results as to all such securities
and investments to the books and records of the Company and
Mellon Bank;
Confirmation of all repurchase agreements, if any, with
brokers/banks and agreement of underlying collateral with
Mellon Bank's records;
Agreement of investment purchases and sales or maturities since
our last examination from the books and records of the Company
to broker confirmations.
We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal
determination on the Company's compliance with specified
requirements.
In our opinion, management's assertion that
Dreyfus Stock Index Fund
was in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940
as of August 31, 1999 with respect to securities and similar
investments reflected in the investment account of the
Company is fairly stated, in all material respects.
This report is intended solely for the information
and use of management of
Dreyfus Stock Index Fund
and the Securities and Exchange Commission and should not
be used for any other purpose.
ERNST & YOUNG LLP
New York, New York
October 10, 1999
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM N-17f-2
Certificate of Accounting or Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CRF 270.17f-2]
1. Investment Company Act File Date examination
Number: completed:
811-5719 10/10/99
2. State Identification Number:
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 MI 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:
4. Address of principal executive office: (number, street,
city, state, zip code) 200 Park Avenue, 55th Floor ,
New York, NY 10166
INSTRUCTIONS
The Form must be completed by investment companies
that have custody of securities or similar investments
Investment Company
1. All items must be completed by the investment company.
2. Give this Form to the independent public accountant
who, in compliance with Rule 17f-2 under the Act and
applicable state law, examine securities and similar
investments in the custody of the investment company.
Accountant
3. Submit this Form to the Securities and Exchange
Commission and appropriate state securities
administrators when filing the certificate of accounting
required by Rule 17f-2 under the Act and applicable
state law. File the original and one copy with the
Securities and Exchange Commissions's principal
office in Washington D.C., one copy with the regional
office for the region in which the investment company's
principal business operations are conducted, and one
copy with the appropriate state administrator(s), if
applicable.
THIS FORM MUST BE GIVEN TO YOUR
INDEPENDENT PUBLIC ACCOUNTANT
