<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>3
<FILENAME>roia.txt
<DESCRIPTION>INDEPENDENT AUDIT REPORT
<TEXT>





                                Report of Independent Auditors


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

In planning and  performing  our audit of the  financial  statements  of Dreyfus
Strategic  Municipal  Bond Fund,  Inc. for the year ended  November 30, 2003, 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 Strategic Municipal Bond Fund, Inc. 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
accounting principles generally accepted in the United States.  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 as of
November 30, 2003.

This report is intended solely for the information and use of management and the
Board of  Directors  of Dreyfus  Strategic  Municipal  Bond Fund, Inc. 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

New York, New York
January 21, 2004

</TEXT>
</DOCUMENT>
