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, 2011 and from March 31, 2011 through April 30, 2011 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, 2011 and with respect
to agreement of security purchases and sales, for the period from
March 31, 2011 (the date of our last examination), through April 30, 2011:
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, 2011;
5.      Confirmation of pending purchases for the Fund as of
        April 30, 2011 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, 2011
        to documentation of corresponding subsequent cash receipts;
7.	Agreement of the Fund's trade tickets for five purchases and five sales
        or maturities for the period March 31, 2011 (the date of our last
        examination) through April 30, 2011, to the books and records of the
        Fund noting that they had been accurately recorded and subsequently
        settled;
8.	We reviewed BNY Mellon Global Asset Servicing Report on Controls Placed
        in Operation and Tests of Operating Effectiveness ("SAS 70 Report")
        for the period April 1, 2010 to March 31, 2011 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 April 1, 2011 through
        April 30, 2011. 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, 2011 and from March 31, 2011 through April 30, 2011, 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
July 31, 2011




July 31, 2011


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, 2011 and from March 31, 2011
through April 30, 2011.
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, 2011 and from March 31, 2011
through April 30, 2011 with respect to securities reflected in the
investment account of the Fund.

Dreyfus High Yield Strategies Fund

Jim Windels
Treasurer