Report of Independent Registered Public Accounting Firm

The Board of Trustees of
Dreyfus High Yield Strategies Fund:

We have examined management's assertion, included in the accompanying
Management Statement Regarding Compliance With Certain Provisions of
the Investment Company Act of 1940, that Dreyfus High Yield Strategies
Fund (the "Fund") complied with the requirements of subsections (b)
and (c) of Rule 17f-2 of the Investment Company Act of 1940 as of
April 30, 2010 and from March 31, 2010 through April 30, 2010 with
respect to securities reflected in the investment accounts of the Fund.
Management is responsible for the Fund's compliance with those
requirements.  Our responsibility is to express an opinion on management's
assertion about the Fund's compliance based on our examination.
Our examination was conducted in accordance with the standards of the
Public Company Accounting Oversight Board (United States) and, accordingly,
included examining, on a test basis, evidence about the Fund'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 April 30, 2010 and,
with respect to agreement of security purchases and sales, for the
period from March 31, 2010 (the date of our last examination) through
April 30, 2010:

1. 	Examination of The Bank of New York Mellon's (the "Custodian")
security position reconciliations for all securities held by sub custodians
and in book entry form;
2.	Confirmation of all securities hypothecated, pledged or placed
in escrow with brokers;
3.	Inspection of documentation of other securities held in safekeeping
by the Custodian but not included in 1. and 2. above;
4.	Reconciliation between the Fund's accounting records and the
Custodian's records as of April 30, 2010;
5.         Confirmation of pending purchases for the Fund as of
April 30, 2010 with brokers, and where responses were not received,
inspection of documentation corresponding to subsequent cash payments;
6.	Agreement of pending sale activity for the Fund as of
April 30, 2010 to documentation of corresponding subsequent cash receipts;
7.	Agreement of the Fund's trade tickets for two purchases and two
sales or maturities, for the period March 31, 2010 (the date of our last
examination) through April 30, 2010, to the books and records of the Fund
noting that they had been accurately recorded and subsequently settled;
8.	We reviewed BNY Mellon Asset Servicing Report on Controls Placed
in Operation and Tests of Operating Effectiveness ("SAS 70 Report") for
the period January 1, 2009 through December 31, 2009 and noted no relevant
findings were reported in the areas of Asset Custody and Control; and
9.	We inquired of the Custodian who concurred that all control
policies and procedures detailed in Section III Control Objectives, Controls
and Tests of Operating Effectiveness of the SAS 70 Report, have remained
in operation and functioned adequately from January 1, 2010 through
April 30, 2010. In addition, we obtained written representation from the
Custodian confirming the above.

We believe that our examination provides a reasonable basis for our opinion.
Our examination does not provide a legal determination on the Fund's
compliance with specified requirements.
In our opinion, management's assertion that the Dreyfus High Yield Strategies
Fund complied with the requirements of subsections (b) and (c) of
Rule 17f-2 of the Investment Company Act of 1940 as of April 30, 2010 and
from March 31, 2010 through April 30, 2010, with respect to securities
reflected in the investment accounts of the Fund is fairly stated, in
all material respects.

This report is intended solely for the information and use of management
and the Board of Trustees of the Dreyfus High Yield Strategies 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.

KPMG LLP /s/
New York, New York
August 5, 2010








August 5, 2010

Management Statement Regarding Compliance With
Certain Provisions of the Investment Company Act of 1940

Management of Dreyfus High Yield Strategies Fund (the "Fund") is
responsible for complying with the requirements of subsections (b) and
(c) of Rule 17f-2, "Custody of Investments by Registered Management
Investment Companies," of the Investment Company Act of 1940.  Management
is also responsible for establishing and maintaining effective internal
controls over compliance with those requirements. Management has
performed an evaluation of the Fund's compliance with the requirements
of subsections (b) and (c) of Rule 17f-2 as of April 30, 2010 and from
March 31, 2010 through April 30, 2010.
Based on the evaluation, Management asserts that the 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 April 30, 2010 and
from March 31, 2010 through April 30, 2010 with respect to securities
reflected in the investment account of the Fund.

Dreyfus High Yield Strategies Fund

Jim Windels
Treasurer