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 the Dreyfus High Yield Strategies Fund
(the "Fund") complied with the requirements of subsections (b) and (c) of
Rule 17f-2 under the Investment Company Act of 1940 as of March 31,
2009.  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  March 31, 2009 and with respect to agreement of security
purchases and sales, for the period from June 30, 2008 (the date of our last
examination), through March 31, 2009:
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 March 31, 2009 and verified reconciling items;
5.         Confirmation of pending purchases for the Fund as of March 31, 2009
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 March 31, 2009 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 June 30, 2008 (the date of our last examination)
through March 31, 2009, 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 October 1, 2007 through September 30, 2008 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 September 30, 2008 through March 31, 2009. 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 March 31, 2009, 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
June 29, 2009


June 29, 2009


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

Management of Dreyfus High Yield Strategies 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
March 31, 2009 and from June 30, 2008 through March 31, 2009.
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 March 31, 2009 and from June 30, 2008
through March 31, 2009 with respect to securities reflected in the investment
accounts of the Fund.

Dreyfus High Yield Strategies Fund


Richard Cassaro
Assistant Treasurer