-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QSO2249Q9q8sz9rcztxDFoUS6svRzryC08XtEhEkROkE69yGfkej/QjmUE2o+lNW
 hqJHHVz0sVjiLvlAy0ItRw==

<SEC-DOCUMENT>/in/edgar/work/20000606/0001080084-00-000127/0001080084-00-000127.txt : 20000919
<SEC-HEADER>0001080084-00-000127.hdr.sgml : 20000919
ACCESSION NUMBER:		0001080084-00-000127
CONFORMED SUBMISSION TYPE:	40-17F2
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20000606

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DREYFUS STRATEGIC MUNICIPAL BOND FUND INC
		CENTRAL INDEX KEY:			0000855887
		STANDARD INDUSTRIAL CLASSIFICATION:	 [0000
]		IRS NUMBER:				051287040
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1130
</COMPANY-DATA>

		FILING VALUES:
			FORM TYPE:		40-17F2
			SEC ACT:		
			SEC FILE NUMBER:	811-05877
			FILM NUMBER:		649965
</FILING-VALUES>

			BUSINESS ADDRESS:	
				STREET 1:		144 GLENN CURTISS BLVD
				CITY:			UNIONDALE
				STATE:			NY
				ZIP:			11556
				BUSINESS PHONE:		2129226808
</BUSINESS-ADDRESS>

				MAIL ADDRESS:	
					STREET 1:		C/O DREYFUS CORP
					STREET 2:		200 PARK AVENUE, 8TH FLOOR
					CITY:			NEW YORK
					STATE:			NY
					ZIP:			10166
</MAIL-ADDRESS>
</FILER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>40-17F2
<SEQUENCE>1
<FILENAME>0001.txt
<TEXT>

                          Independent Accountant's  Report

To the Board of Directors
Dreyfus Strategic Municipal Bond Fund, Inc.

We have examined management's assertion about
Dreyfus Strategic Municipal Bond Fund, Inc.'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 July 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 July 31, 1999, and with respect to
agreement of security and similar investments purchases
and sales, for the period from April 30, 1999
(the date of last examination) through July 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 Strategic Municipal Bond Fund, Inc.
was in compliance with the requirements of subsections (b) and
(c) of Rule 17f-2 of the Investment Company Act of 1940
as of  July 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 Strategic Municipal Bond Fund, Inc.
and the Securities and Exchange Commission and should not
be used for any other purpose.

               ERNST & YOUNG LLP

New York, New York
September 27, 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:
     811-5877                 09/27/99

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
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
