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SIGNATURE STEPHANIE D. PIERCE
TITLE ASSISTANT TREASURER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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DREYFUS PENNSYLVANIA MUNICIPAL MONEY MARKET FUND
FORM N-SAR - SEPTEMBER 30, 1999
RESPONSE TO SUB-ITEM 77O OF FORM N-SAR
On July 1, 1999, the Fund purchased $12 million in Philadelphia School
District Tax and Revenue Anticipation Notes from an underwriting syndicate
of which Mellon Capital Markets, a Fund affiliate was a member. First Union
Securities was the underwriting syndicate member from whom the Fund
purchased the notes, and the only member of the syndicate that received any
economic benefit. The Report of Purchase of Securities in Compliance with
Rule 10f-3, which was presented to the Fund's Board of Trustees at the
meeting held on October 20, 1999 to confirm that the notes were purchased in
compliance with Rule 10f-3 under the Investment Company Act of 1940, as
amended, and the Fund's Rule 10f-3 Procedures, accompanies this filing.
Report of Independent Auditors
To the Shareholders and Board of Directors of
Dreyfus Pennsylvania Municipal Money Market Fund
In planning and performing our audit of the financial statements of Dreyfus
Pennsylvania Municipal Money Market Fund for the year ended September 30,
1999, we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial statements and to
comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of Dreyfus Pennsylvania Municipal Money Market Fund is
responsible for establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of controls. Generally,
controls that are relevant to an audit pertain to the entity's objective of
preparing financial statements for external purposes that are fairly
presented in conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of one or more of the internal control components does not reduce
to a relatively low level the risk that misstatements caused by error or
fraud in amounts that would be material in relation to the financial
statements being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and its
operation, including controls for safeguarding securities, that we consider
to be material weaknesses as defined above at September 30, 1999.
This report is intended solely for the information and use of management,
the Board of Directors of Dreyfus Pennsylvania Municipal Money Market Fund,
and the Securities and Exchange Commission and is not intended to be and
should not be used by anyone other than these specified parties.
ERNST & YOUNG LLP
November 1, 1999