Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders
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 June
30, 2011 and from April 30, 2011 through June 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 June 30, 2011 and,  with respect to agreement
of security purchases and sales, for the period from
April 30, 2011 (the date of
our last examination), through June 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 June 30, 2011;
5.         Confirmation of pending purchases for the Funds as of June 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 Funds as of June 30, 2011 to
documentation of corresponding subsequent cash receipts;
7.	Agreement of the Trust's trade tickets for five purchases and five sales
or maturities for the period April 30, 2011 (the date of our last
examination) through June 30, 2011, to the books and records of the
Funds 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 July 1, 2010 to June 30, 2011 and noted no
relevant findings were reported in the areas of Asset Custody and
Control; and
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 June 30, 2011 and from April
30, 2011 through June 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 and Shareholders 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
September 15, 2011











      September 15, 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 June 30, 2011 and from April 30, 2011 through June 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 June 30, 2011 and from April 30, 2011
through June 30, 2011 with respect to securities reflected in the investment
accounts of the Fund.

Dreyfus High Yield Strategies Fund

Jim Windels
Treasurer


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