UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
FORM 4 OMB APPROVAL
/ /Check this box if no longer OMB NUMBER: 3235-0287
subject to Section 16. Form 4 EXPIRES: JANUARY 31, 2005
or Form 5 obligations ESTIMATED AVERAGE BURDEN HOURS
may continue. PER RESPONSE........0.5
SEE Instruction 1(b).
FILED PURSUANT TO SECTION 16(A) OF THE SECURITIES EXCHANGE ACT
OF 1934, SECTION 17(A) OF THE PUBLIC UTILITY HOLDING COMPANY
ACT OF 1935 OR SECTION 30(F) OF THE INVESTMENT COMPANY ACT OF 1940
(Print or Type Responses)
==============================================================================================================================
1. Name and Address of Reporting Person* 2.Issuer Name and Ticker or Trading 6. Relationship of Reporting Person(s) to Issuer
Symbol (Check all applicable)
Dreyfus High Yield --- Director --- 10% Owner
Strategies Fund (DHF) --- Officer (give -X- Other(specify below)
title below)
Millard, Michael G.
(Last) (First) (Middle) President and a Director of
The Dreyfus Corporation
=============================================================================================================================
3. I.R.S. 4. Statement for 7. Individual or Joint/Group (Check
200 Park Avenue Identification Month/Day/Year Applicable Line)
---------------------- Number of February 27, 2003
(Street) Reporting 5. If Amendment, -X- Form filed by One Reporting Person
Person, if an Date of ---Form filed by More than One Reporting Person
entity Original
New York, NY 10166 (voluntary) (Month/Day/Year)
-------------------------------
(City) (State) (Zip)
==============================================================================================================================
TABLE I-- NON-DERIVATIVE SECURITIES BENEFICIALLY OWNED
==============================================================================================================================
1. Title of Security 2. Transaction 3. Transaction 4. Securities 5. Amount of 6. Ownership 7. Nature
(Instr. 3) Date Code Acquired (A) Securities Form: of
(Instr. 8) or Disposed of Beneficially Owned Direct (D) Indirect
(D) following Reported or Indirect Beneficial
(Instr. 3, 4 Transaction(s) (I) Ownership
and 5)
(Month/ Code V Amount (A) (Instr. 3 and 4) (Instr. 4) (Instr. 4)
Day/Year) or (D) Price
==============================================================================================================================
Share of Beneficial Interest,
Par Value $.001 Per Share 2/27/03 S 9,000 D 4.60
2/27/03 S 1,000 D 4.62
- 0 -
==============================================================================================================================
Reminder: Report on a separate line for each class of securities beneficially owned
directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction
4(b)(v).
POTENTIAL PERSONS WHO ARE TO RESPOND TO THE COLLECTION OF INFORMATION
CONTAINED IN THIS FORM ARE NOT REQUIRED TO RESPOND UNLESS THE FORM
DISPLAYS A CURRENTLY VALID OMB- CONTROL NUMBER.
==============================================================================================================================
TABLE II-- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
==============================================================================================================================
==============================================================================================================================
1. Title of 2. Conversion 3. Transaction 4. Transaction 5. Number of 6. Date 7. Title 8. Price
Derivative or Date Code Derivative Exerciseable and of
Security Exercise (Month/ (Instr. Securities and Amount Derivative
(Instr.3) Price of Day/Year 8) Acquired (A) or Expiration of Security
Derivative Disposed of (D) Date Underlying (Instr.
Security (Instr. 3, 4 and (Month/Day/ Securities 5)
Code V 5 Year (Instr.
3 and 4)
(A) (D) Date Expira- Title Amount or
Exer- tion Number
cisable Date of Shares
9. Number of 10. Ownership 11. Nature
derivative Form of of Indirect
Securities Derivative Beneficial
Beneficially Security: Ownership
Owned following Direct (D) (Instr. 4)
Reported Trans- or Indirect
action(s) (I) (Instr. 4)
(Instr. 4)
==============================================================================================================================
Explanation of Responses:
February 27, 2003
------------------------------------ ------------------
**Signature of Reporting Person Date
** Intentional misstatements or omissions of facts
constitute Federal Criminal Violations
SEE 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually
signed. If space is insufficient, SEE Instruction 6 for procedure.
Potential persons who are to respond to the collection of information
contained in this form are not required to respond unless the form displays a
current valid OMB Number.