form8538
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION 
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT 
INVESTMENT COMPANY

Investment Company Act file number    811-5245 

Dreyfus Strategic Municipals, Inc.
(Exact name of Registrant as specified in charter) 

c/o The Dreyfus Corporation
200 Park Avenue
New York, New York 10166
(Address of principal executive offices)    (Zip code) 

Michael A. Rosenberg, Esq.
200 Park Avenue
New York, New York 10166
(Name and address of agent for service) 

Registrant's telephone number, including area code:    (212) 922-6000 

Date of fiscal year end:    9/30 

Date of reporting period:    6/30/2008 

FORM N-Q

Item 1.    Schedule of Investments. 

STATEMENT OF INVESTMENTS 
Dreyfus Strategic Municipals, Inc. 
June 30, 2008 (Unaudited) 

Long-Term Municipal    Coupon    Maturity    Principal     
Investments--155.5%    Rate (%)    Date    Amount ($)    Value ($) 
Alabama--1.7%                 
Houston County Health Care                 
Authority, GO (Insured; AMBAC)    6.25    10/1/09    8,000,000 a    8,471,040 
Alaska--.8%                 
Alaska Housing Finance                 
Corporation, General Mortgage                 
Revenue (Insured; MBIA, Inc.)    6.00    6/1/49    4,000,000    4,056,800 
Arizona--3.8%                 
Arizona Housing Finance Authority,                 
SFMR (Mortgage Backed                 
Securities Program)                 
(Collateralized: FHLMC, FNMA                 
and GNMA)    5.55    12/1/41    6,000,000    5,876,280 
Maricopa County Pollution Control                 
Corporation, PCR (Public                 
Service Company of New Mexico                 
Palo Verde Project)    5.75    11/1/22    6,000,000    5,661,180 
Navajo County Industrial                 
Development Authority, IDR                 
(Stone Container Corporation                 
Project)    7.40    4/1/26    1,585,000    1,529,477 
Scottsdale Industrial Development                 
Authority, HR (Scottsdale                 
Healthcare)    5.80    12/1/11    6,000,000 a    6,549,240 
Arkansas--.5%                 
Arkansas Development Finance                 
Authority, SFMR (Mortgage                 
Backed Securities Program)                 
(Collateralized: FNMA and GNMA)    6.25    1/1/32    2,420,000    2,487,881 
California--10.9%                 
California,                 
GO    5.25    4/1/34    5,000    5,042 
California,                 
GO (Various Purpose)    5.50    4/1/14    3,385,000 a    3,705,255 
California,                 
GO (Various Purpose) (Insured;                 
AMBAC)    4.25    12/1/35    7,475,000    6,391,872 
California Health Facilities                 
Financing Authority, Revenue                 
(Cedars-Sinai Medical Center)    5.00    11/15/34    7,400,000    7,030,666 
California Pollution Control                 
Financing Authority, SWDR                 
(Keller Canyon Landfill                 
Company Project)    6.88    11/1/27    2,000,000    1,999,700 
California Public Works Board,                 

LR Department of General                 
Services (Butterfield State                 
Office Complex)    5.25    6/1/30    5,000,000    5,048,850 
California Statewide Communities                 
Development Authority, Revenue             
(Bentley School)    6.75    7/1/32    2,000,000    2,036,820 
California Statewide Communities                 
Development Authority, Revenue             
(Daughters of Charity Health                 
System)    5.00    7/1/39    5,000,000    4,382,200 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    7.80    6/1/13    8,100,000 a    9,541,395 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    7.90    6/1/13    2,000,000 a    2,364,400 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    5.00    6/1/33    5,775,000    4,700,503 
Golden State Tobacco                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    5.75    6/1/47    7,050,000    5,999,761 
San Francisco Bay Area Rapid                 
Transit District, GO    5.00    8/1/32    3,000,000    3,063,600 
Colorado--5.2%                 
Beacon Point Metropolitan                 
District, GO    6.25    12/1/35    2,000,000    1,691,540 
Colorado Health Facilities                 
Authority, Revenue (American                 
Baptist Homes of the Midwest                 
Obligated Group)    5.90    8/1/37    3,000,000    2,625,780 
Colorado Health Facilities                 
Authority, Revenue (Poudre                 
Hospital) (Insured; FSA)    5.25    3/1/40    3,000,000    3,031,260 
Colorado Housing Finance Authority             
(Single Family Program)                 
(Collateralized; FHA)    6.60    8/1/32    1,645,000    1,737,120 
Colorado Housing Finance                 
Authority, SFMR    5.10    11/1/36    3,680,000    3,444,590 
Northwest Parkway Public Highway                 
Authority, Revenue    7.13    6/15/11    10,550,000 a    11,819,165 
Southlands Metropolitan District                 
Number 1, GO    7.13    12/1/14    2,000,000 a    2,381,860 
Florida--3.4%                 
Florida Housing Finance                 
Corporation, Housing Revenue                 
(Nelson Park Apartments)                 
(Insured; FSA)    6.40    9/1/09    12,375,000 b,c    12,605,670 

Jacksonville Economic Development             
Commission, Health Care                 
Facilities Revenue (Florida                 
Proton Therapy Institute                 
Project)    6.25    9/1/27    3,000,000 b    3,013,170 
Orange County Health Facilities                 
Authority, HR (Orlando                 
Regional Healthcare System)    6.00    10/1/09    45,000 a    47,431 
Orange County Health Facilities                 
Authority, HR (Orlando                 
Regional Healthcare System)    6.00    10/1/26    1,955,000    1,993,905 
Georgia--2.3%                 
Brooks County Development                 
Authority, Senior Health and                 
Housing Facilities Revenue                 
(Presbyterian Home, Quitman,                 
Inc.) (Collateralized; GNMA)    5.70    1/20/39    4,445,000    4,631,023 
Fulton County Development                 
Authority, Revenue (Georgia                 
Tech North Avenue Apartments                 
Project) (Insured; XLCA)    5.00    6/1/32    2,500,000    2,458,775 
Milledgeville-Baldwin County                 
Development Authority, Revenue             
(Georgia College and State                 
Foundation)    6.00    9/1/13    2,090,000    2,340,048 
Milledgeville-Baldwin County                 
Development Authority, Revenue             
(Georgia College and State                 
Foundation)    6.00    9/1/14    2,000,000 a    2,278,780 
Hawaii--.3%                 
Hawaii Department of                 
Transportation, Special                 
Facility Revenue (Caterair                 
International Corporation)    10.13    12/1/10    1,800,000    1,787,994 
Idaho--1.0%                 
Power County Industrial                 
Development Corporation, SWDR             
(FMC Corporation Project)    6.45    8/1/32    5,000,000    5,001,700 
Illinois--11.3%                 
Chicago                 
(Insured; FGIC)    6.13    7/1/10    14,565,000 a    15,664,803 
Chicago,                 
SFMR (Collateralized: FHLMC,                 
FNMA and GNMA)    6.55    4/1/33    2,240,000    2,280,074 
Chicago,                 
Wastewater Transmission                 
Revenue (Insured; MBIA, Inc.)    6.00    1/1/10    3,000,000 a    3,181,680 
Chicago O'Hare International                 
Airport, Special Facility                 
Revenue (American Airlines,                 
Inc. Project)    5.50    12/1/30    5,000,000    2,359,000 
Illinois Educational Facilities                 

Authority, Revenue                 
(Northwestern University)    5.00    12/1/38    8,000,000 b,c    8,048,720 
Illinois Educational Facilities                 
Authority, Revenue (University                 
of Chicago) (Insured; MBIA,                 
Inc.)    5.13    7/1/08    5,000 a    5,050 
Illinois Finance Authority,                 
Revenue (Edward Hospital                 
Obligated Group) (Insured;                 
AMBAC)    5.50    2/1/40    3,500,000    3,546,655 
Illinois Health Facilities                 
Authority, Revenue (Advocate                 
Health Care Network)    6.13    11/15/10    4,020,000 a    4,324,917 
Illinois Health Facilities                 
Authority, Revenue (OSF                 
Healthcare System)    6.25    11/15/09    7,730,000 a    8,196,042 
Illinois Health Facilities                 
Authority, Revenue (Swedish                 
American Hospital)    6.88    5/15/10    4,950,000 a    5,331,101 
Metropolitan Pier and Exposition                 
Authority, Dedicated State Tax                 
Revenue (McCormick Place                 
Expansion) (Insured; MBIA,                 
Inc.)    5.25    6/15/42    5,325,000    5,396,195 
Indiana--2.2%                 
Franklin Township School Building                 
Corporation, First Mortgage                 
Bonds    6.13    7/15/10    6,500,000 a    7,064,915 
Petersburg,                 
SWDR (Indianapolis Power and                 
Light Company Project)    6.38    11/1/29    4,150,000    4,227,730 
Kansas--5.3%                 
Kansas Development Finance                 
Authority, Health Facilities                 
Revenue (Sisters of Charity of                 
Leavenworth Health Services                 
Corporation)    6.25    12/1/28    3,000,000    3,146,100 
Sedgwick and Shawnee Counties,                 
SFMR (Mortgage-Backed                 
Securities Program)                 
(Collateralized: FNMA and GNMA)    6.30    12/1/32    3,705,000    3,761,909 
Sedgwick and Shawnee Counties,                 
SFMR (Mortgage-Backed                 
Securities Program)                 
(Collateralized: FNMA and GNMA)    6.45    12/1/33    7,470,000    7,725,101 
Sedgwick and Shawnee Counties,                 
SFMR (Mortgage-Backed                 
Securities Program)                 
(Collateralized: FNMA and GNMA)    5.70    12/1/35    2,005,000    2,056,087 
Wichita,                 
Hospital Facilities                 
Improvement Revenue (Via                 

Christi Health System Inc.)    6.25    11/15/24    10,000,000    10,325,600 
Kentucky--2.0%                 
Kentucky Area Development                 
Districts Financing Trust, COP                 
(Lease Acquisition Program)    5.50    5/1/27    2,000,000    2,035,220 
Kentucky Economic Development                 
Finance Authority, MFHR                 
(Christian Care Communities                 
Projects) (Collateralized;                 
GNMA)    5.25    11/20/25    2,370,000    2,436,787 
Kentucky Economic Development                 
Finance Authority, MFHR                 
(Christian Care Communities                 
Projects) (Collateralized;                 
GNMA)    5.38    11/20/35    1,805,000    1,827,111 
Louisville/Jefferson County Metro                 
Government, Health Facilities                 
Revenue (Jewish Hospital and                 
Saint Mary's Healthcare, Inc.                 
Project)    6.13    2/1/37    4,000,000 d    4,004,040 
Louisiana--1.9%                 
Lakeshore Villages Master                 
Community Development                 
District, Special Assessment                 
Revenue    5.25    7/1/17    2,980,000    2,677,590 
Louisiana Local Government                 
Environmental Facilities and                 
Community Development                 
Authority, Revenue (Westlake                 
Chemical Corporation Projects)    6.75    11/1/32    7,000,000    7,005,390 
Maine--.6%                 
Maine Housing Authority,                 
Mortgage Purchase    5.30    11/15/23    2,825,000    2,876,811 
Maryland--1.9%                 
Maryland Community Development                 
Administration, Department of                 
Housing and Community                 
Development, Residential                 
Revenue    5.75    9/1/37    2,385,000    2,420,346 
Maryland Economic Development                 
Corporation, Senior Student                 
Housing Revenue (University of                 
Maryland, Baltimore Project)    5.75    10/1/33    4,590,000    3,906,824 
Maryland Economic Development                 
Corporation, Student Housing                 
Revenue (University of                 
Maryland, College Park Project)    6.50    6/1/13    3,000,000 a    3,421,290 
Massachusetts--2.6%                 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Civic                 
Investments Issue)    9.00    12/15/12    1,700,000 a    2,037,042 

Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Partners                 
HealthCare System Issue)    5.75    7/1/11    4,815,000 a    5,228,560 
Massachusetts Health and                 
Educational Facilities                 
Authority, Revenue (Partners                 
HealthCare System Issue)    5.75    7/1/32    185,000    188,600 
Massachusetts Industrial Finance                 
Agency, RRR (Ogden Haverhill                 
Project)    5.60    12/1/19    6,000,000    5,916,720 
Michigan--7.5%                 
Charyl Stockwell Academy,                 
COP    5.90    10/1/35    2,580,000    2,283,274 
Detroit School District,                 
School Building and Site                 
Improvement Bonds (GO -                 
Unlimited Tax) (Insured; FGIC)    5.00    5/1/28    6,930,000    6,956,126 
Kent Hospital Finance Authority,                 
Revenue (Metropolitan Hospital                 
Project)    6.00    7/1/35    5,930,000    5,576,394 
Kent Hospital Finance Authority,                 
Revenue (Metropolitan Hospital                 
Project)    6.25    7/1/40    3,000,000    2,911,290 
Michigan Hospital Finance                 
Authority, Revenue (Ascension                 
Health Credit Group)    6.13    11/15/09    5,000,000 a    5,301,450 
Michigan Strategic Fund,                 
LOR (The Detroit Edison                 
Company Exempt Facilities                 
Project) (Insured; XLCA)    5.25    12/15/32    3,000,000    2,782,020 
Michigan Strategic Fund,                 
SWDR (Genesee Power Station                 
Project)    7.50    1/1/21    12,900,000    12,545,379 
Minnesota--6.8%                 
Dakota County Community                 
Development Agency, SFMR                 
(Mortgage-Backed Securities                 
Program) (Collateralized:                 
FHLMC, FNMA and GNMA)    5.15    12/1/38    2,449,122    2,361,321 
Dakota County Community                 
Development Agency, SFMR                 
(Mortgage-Backed Securities                 
Program) (Collateralized:                 
FHLMC, FNMA and GNMA)    5.30    12/1/39    4,742,342    4,593,717 
Duluth Economic Development                 
Authority, Health Care                 
Facilities Revenue (Saint                 
Luke's Hospital)    7.25    6/15/32    5,000,000    5,204,150 
North Oaks,                 
Senior Housing Revenue                 
(Presbyterian Homes of North                 

Oaks, Inc. Project)    6.25    10/1/47    5,265,000    5,111,683 
Saint Paul Housing and                 
Redevelopment Authority,                 
Hospital Facility Revenue                 
(HealthEast Project)    6.00    11/15/25    2,000,000    2,011,060 
Saint Paul Housing and                 
Redevelopment Authority,                 
Hospital Facility Revenue                 
(HealthEast Project)    6.00    11/15/30    5,500,000    5,390,165 
Saint Paul Housing and                 
Redevelopment Authority,                 
Hospital Facility Revenue                 
(HealthEast Project)    6.00    11/15/35    2,000,000    1,925,800 
Saint Paul Port Authority,                 
Hotel Facility Revenue                 
(Radisson Kellogg Project)    7.38    8/1/08    3,000,000 a    3,104,100 
Winona,                 
Health Care Facilities Revenue                 
(Winona Health Obligated Group)    6.00    7/1/26    5,000,000    5,134,050 
Mississippi--3.6%                 
Clairborne County,                 
PCR (System Energy Resources,                 
Inc. Project)    6.20    2/1/26    4,545,000    4,524,957 
Mississippi Business Finance                 
Corporation, PCR (System                 
Energy Resources, Inc. Project)    5.88    4/1/22    14,310,000    13,992,032 
Missouri--3.0%                 
Missouri Development Finance                 
Board, Infrastructure                 
Facilities Revenue (Branson                 
Landing Project)    5.38    12/1/27    2,000,000    1,929,840 
Missouri Development Finance                 
Board, Infrastructure                 
Facilities Revenue (Branson                 
Landing Project)    5.50    12/1/32    4,500,000    4,344,525 
Missouri Development Finance                 
Board, Infrastructure                 
Facilities Revenue                 
(Independence, Crackerneck                 
Creek Project)    5.00    3/1/28    2,000,000    1,955,780 
Missouri Health and Educational                 
Facilities Authority, Health                 
Facilities Revenue (Saint                 
Anthony's Medical Center)    6.25    12/1/10    6,750,000 a    7,343,258 
Montana--.2%                 
Montana Board of Housing,                 
SFMR    6.45    6/1/29    1,200,000    1,233,768 
Nevada--2.5%                 
Washoe County,                 
GO Convention Center Revenue                 
(Reno-Sparks Convention and                 
Visitors Authority) (Insured;                 

FSA)    6.40    1/1/10    12,000,000 a    12,681,480 
New Hampshire--2.8%                 
New Hampshire Business Finance                 
Authority, PCR (Public Service                 
Company of New Hampshire)                 
(Insured; AMBAC)    6.00    5/1/21    7,000,000    7,150,010 
New Hampshire Health and                 
Educational Facilities                 
Authority, Revenue (Exeter                 
Project)    6.00    10/1/24    1,000,000    1,039,870 
New Hampshire Health and                 
Educational Facilities                 
Authority, Revenue (Exeter                 
Project)    5.75    10/1/31    1,000,000    1,009,810 
New Hampshire Industrial                 
Development Authority, PCR                 
(Connecticut Light and Power                 
Company Project)    5.90    11/1/16    5,000,000    5,063,300 
New Jersey--2.6%                 
New Jersey Economic Development                 
Authority, Cigarette Tax                 
Revenue    5.75    6/15/34    5,500,000    5,355,295 
New Jersey Economic Development                 
Authority, School Facilities                 
Construction Revenue (Insured;                 
AMBAC)    5.00    9/1/37    1,235,000    1,249,412 
Tobacco Settlement Financing                 
Corporation of New Jersey,                 
Tobacco Settlement                 
Asset-Backed Bonds    7.00    6/1/13    5,640,000 a    6,522,829 
New Mexico--1.3%                 
Farmington,                 
PCR (Tucson Electric Power                 
Company San Juan Project)    6.95    10/1/20    4,000,000    4,026,480 
New Mexico Mortgage Finance                 
Authority, Single Family                 
Mortgage Program Revenue                 
(Collateralized: FHLMC, FNMA                 
and GNMA)    7.00    9/1/31    1,120,000    1,136,453 
New Mexico Mortgage Finance                 
Authority, Single Family                 
Mortgage Program Revenue                 
(Collateralized: FHLMC, FNMA                 
and GNMA)    6.15    7/1/35    1,365,000    1,411,478 
New York--3.2%                 
New York City Industrial                 
Development Agency, Liberty                 
Revenue (7 World Trade Center                 
Project)    6.25    3/1/15    3,275,000    3,264,094 
New York City Industrial                 
Development Agency, Special                 
Facility Revenue (American                 

Airlines, Inc. John F. Kennedy                 
International Airport Project)    8.00    8/1/28    2,800,000    2,552,452 
Tobacco Settlement Financing                 
Corporation of New York,                 
Asset-Backed Revenue Bonds                 
(State Contingency Contract                 
Secured) (Insured; AMBAC)    5.25    6/1/21    5,000,000    5,179,250 
Triborough Bridge and Tunnel                 
Authority, Revenue    5.25    11/15/30    5,220,000    5,367,152 
North Carolina--2.7%                 
North Carolina Housing Finance                 
Agency, Home Ownership Revenue    5.88    7/1/31    3,485,000    3,489,705 
University of North Carolina Board                 
of Governors of the University                 
of North Carolina at Chapel                 
Hill, General Revenue    5.00    12/1/34    10,000,000    10,173,200 
North Dakota--.1%                 
North Dakota Housing Finance                 
Agency, Home Mortgage Revenue                 
(Housing Finance Program)    6.15    7/1/31    675,000    693,279 
Ohio--8.2%                 
Buckeye Tobacco Settlement                 
Financing Authority, Tobacco                 
Settlement Asset-Backed Bonds    6.50    6/1/47    25,500,000    23,299,605 
Canal Winchester Local School                 
District, School Facilities                 
Construction and Improvement                 
and Advance Refunding Bonds                 
(GO - Unlimited Tax) (Insured;                 
MBIA, Inc.)    0.00    12/1/29    3,955,000 e    1,289,844 
Canal Winchester Local School                 
District, School Facilities                 
Construction and Improvement                 
and Advance Refunding Bonds                 
(GO - Unlimited Tax) (Insured;                 
MBIA, Inc.)    0.00    12/1/31    3,955,000 e    1,149,600 
Cleveland State University,                 
General Receipts (Insured;                 
FGIC)    5.00    6/1/34    3,400,000    3,311,192 
Cuyahoga County,                 
Revenue    6.00    1/1/32    750,000    782,160 
Ohio,                 
SWDR (USG Corporation Project)    5.60    8/1/32    7,555,000    6,404,978 
Port of Greater Cincinnati                 
Development Authority, Tax                 
Increment Development Revenue                 
(Fairfax Village Red Bank                 
Infrastructure Project)    5.63    2/1/36    3,000,000    2,596,620 
Toledo Lucas County Port                 
Authority, Airport Revenue                 
(Baxter Global Project)    6.25    11/1/13    3,500,000    3,430,665 
Oklahoma--2.8%                 

Oklahoma Housing Finance Agency,                 
SFMR (Homeownership Loan                 
Program)    7.55    9/1/28    1,005,000    1,021,412 
Oklahoma Housing Finance Agency,                 
SFMR (Homeownership Loan                 
Program) (Collateralized: FNMA                 
and GNMA)    7.55    9/1/27    705,000    724,895 
Oklahoma Industries Authority,                 
Health System Revenue                 
(Obligated Group) (Insured;                 
MBIA, Inc.)    5.75    8/15/09    5,160,000 a    5,423,315 
Oklahoma Industries Authority,                 
Health System Revenue                 
(Obligated Group) (Insured;                 
MBIA, Inc.)    5.75    8/15/09    7,070,000 a    7,430,782 
Pennsylvania--2.6%                 
Pennsylvania Economic Development                 
Financing Authority, Exempt                 
Facilities Revenue (Reliant                 
Energy Seward, LLC Project)    6.75    12/1/36    2,500,000    2,528,300 
Pennsylvania Economic Development                 
Financing Authority, SWDR (USG                 
Corporation Project)    6.00    6/1/31    9,310,000    8,289,996 
Philadelphia Authority for                 
Industrial Development,                 
Revenue (Please Touch Museum                 
Project)    5.25    9/1/31    2,500,000    2,354,575 
South Carolina--4.3%                 
Greenville County School District,                 
Installment Purchase Revenue                 
(Building Equity Sooner for                 
Tomorrow)    5.50    12/1/12    5,000 a    5,476 
Greenville County School District,                 
Installment Purchase Revenue                 
(Building Equity Sooner for                 
Tomorrow)    5.50    12/1/12    20,020,000 a,b,c    21,927,806 
Tennessee--5.4%                 
Johnson City Health and                 
Educational Facilities Board,                 
Hospital First Mortgage                 
Revenue (Mountain States                 
Health Alliance)    7.50    7/1/12    5,000,000 a    5,872,550 
Johnson City Health and                 
Educational Facilities Board,                 
Hospital First Mortgage                 
Revenue (Mountain States                 
Health Alliance)    7.50    7/1/12    3,000,000 a    3,523,530 
Knox County Health, Educational                 
and Housing Facility Board,                 
Revenue (University Health                 
System, Inc.)    5.25    4/1/36    10,000,000    9,402,000 
Memphis Center City Revenue                 

Finance Corporation, Sports                 
Facility Revenue (Memphis                 
Redbirds Baseball Foundation                 
Project)    6.50    9/1/28    10,000,000    8,655,400 
Texas--19.4%                 
Austin Convention Enterprises                 
Inc., Convention Center Hotel                 
First Tier Revenue    6.70    1/1/11    4,000,000 a    4,338,680 
Austin Convention Enterprises,                 
Inc., Convention Center Hotel                 
Second Tier Revenue    5.75    1/1/34    3,000,000    2,677,590 
Brazos River Authority,                 
PCR (TXU Electric Company                 
Project)    8.25    5/1/33    7,000,000    7,024,990 
Cities of Dallas and Fort Worth,                 
Dallas/Fort Worth                 
International Airport,                 
Facility Improvement                 
Corporation Revenue (American             
Airlines, Inc.)    6.38    5/1/35    10,630,000    5,227,196 
Cities of Dallas and Fort Worth,                 
Dallas/Fort Worth                 
International Airport, Joint                 
Revenue (Insured; MBIA, Inc.)    6.25    11/1/28    3,000,000    3,025,140 
Gulf Coast Industrial Development                 
Authority, Environmental                 
Facilities Revenue (Microgy                 
Holdings Project)    7.00    12/1/36    6,000,000    5,319,240 
Harris County Health Facilities                 
Development Corporation, HR                 
(Memorial Hermann Healthcare             
System)    6.38    6/1/11    8,500,000 a    9,295,005 
Houston,                 
Airport System Special                 
Facilities Revenue                 
(Continental Airlines, Inc.                 
Terminal E Project)    6.75    7/1/29    5,125,000    4,063,459 
Houston,                 
Airport System Special                 
Facilities Revenue                 
(Continental Airlines, Inc.                 
Terminal E Project)    7.00    7/1/29    3,800,000    3,102,168 
North Texas Tollway Authority,                 
System Revenue    5.75    1/1/40    20,000,000    20,116,200 
Sabine River Authority,                 
PCR (TXU Electric Company                 
Project)    6.45    6/1/21    11,300,000    9,665,116 
Sam Rayburn Municipal Power                 
Agency, Power Supply System                 
Revenue    5.75    10/1/21    6,000,000    6,197,580 
Texas Affordable Housing                 
Corporation, SFMR                 

(Collateralized: FHLMC, FNMA                 
and GNMA)    5.85    4/1/41    6,990,000    6,951,485 
Texas Department of Housing and                 
Community Affairs, Home                 
Mortgage Revenue                 
(Collateralized: FHLMC, FNMA                 
and GNMA)    10.36    7/2/24    900,000 f    966,042 
Texas Turnpike Authority,                 
Central Texas Turnpike System                 
Revenue (Insured; AMBAC)    5.75    8/15/38    7,100,000    7,319,816 
Tyler Health Facilities                 
Development Corporation, HR,                 
Refunding and Improvement                 
Bonds (East Texas Medical                 
Center Regional Healthcare                 
System Project)    5.25    11/1/32    5,500,000    4,791,600 
Vermont--.1%                 
Vermont Housing Finance Agency,                 
SFHR (Insured; FSA)    6.40    11/1/30    755,000    765,955 
Virginia--2.3%                 
Greater Richmond Convention Center                 
Authority, Hotel Tax Revenue                 
(Convention Center Expansion                 
Project)    6.25    6/15/10    10,500,000 a    11,308,815 
Pittsylvania County Industrial                 
Development Authority, Exempt                 
Facility Revenue (Multitrade                 
of Pittsylvania County, L.P.                 
Project)    7.65    1/1/10    400,000    416,936 
Washington--3.8%                 
Seattle,                 
Water System Revenue (Insured;                 
FGIC)    6.00    7/1/09    10,000,000 a    10,518,400 
Washington Health Care Facilities                 
Authority, Revenue (Kadlec                 
Medical Center) (Insured;                 
Assured Guaranty)    5.00    12/1/30    2,000,000    1,999,920 
Washington Higher Education                 
Facilities Authority, Revenue                 
(Seattle University Project)                 
(Insured; AMBAC)    5.25    11/1/37    6,730,000    6,798,781 
West Virginia--1.4%                 
The County Commission of Pleasants                 
County, PCR (Allegheny Energy                 
Supply Company, LLC Pleasants                 
Station Project)    5.25    10/15/37    5,000,000    4,804,650 
West Virginia Water Development                 
Authority, Water Development                 
Revenue (Insured; AMBAC)    6.38    7/1/39    2,250,000    2,299,140 
Wisconsin--8.0%                 
Badger Tobacco Asset                 
Securitization Corporation,                 

Tobacco Settlement                 
Asset-Backed Bonds    6.13    6/1/27    10,920,000 b,c    10,785,848 
Badger Tobacco Asset                 
Securitization Corporation,                 
Tobacco Settlement                 
Asset-Backed Bonds    7.00    6/1/28    22,995,000    23,729,460 
Madison,                 
IDR (Madison Gas and Electric                 
Company Projects)    5.88    10/1/34    2,390,000    2,442,676 
Wisconsin Health and Educational                 
Facilities Authority, Revenue                 
(Aurora Health Care, Inc.)    6.40    4/15/33    4,000,000    4,091,360 
Wyoming--1.8%                 
Sweetwater County,                 
SWDR (FMC Corporation Project)    5.60    12/1/35    4,500,000    4,023,945 
Wyoming Municipal Power Agency,                 
Power Supply System Revenue    5.50    1/1/33    2,360,000    2,370,384 
Wyoming Municipal Power Agency,                 
Power Supply System Revenue    5.38    1/1/42    2,750,000    2,677,125 
U.S. Related--1.4%                 
Guam Housing Corporation,                 
SFMR (Guaranteed                 
Mortgage-Backed Securities                 
Program) (Collateralized;                 
FHLMC)    5.75    9/1/31    965,000    991,180 
Puerto Rico Highways and                 
Transportation Authority,                 
Transportation Revenue    6.00    7/1/10    6,000,000 a    6,422,700 
Total Long-Term Municipal Investments             
(cost $803,373,115)                798,250,754 
Short-Term Municipal    Coupon    Maturity    Principal     
Investments--3.7%    Rate (%)    Date    Amount ($)    Value ($) 
Maryland--.3%                 
Carroll County,                 
Revenue (Fairhaven and Copper                 
Ridge - Episcopal Ministries                 
to the Aging Inc. Obligated                 
Group Issue) (Insured; Radian                 
and Liquidity Facility; Branch                 
Banking and Trust Co.)    9.00    7/7/08    1,500,000 g    1,500,000 
Oklahoma--2.0%                 
Payne County Economic Development                 
Authority, Student Housing                 
Revenue (OSUF Phase III                 
Student Housing, L.L.C.                 
Project) (Insured; AMBAC and                 
Liquidity Facility; Dexia                 
Credit Locale)    9.00    7/7/08    10,100,000 g    10,100,000 
Tennessee--1.4%                 
Sevier County Public Building                 
Authority, Local Government                 
Public Improvement Revenue                 

(Insured; AMBAC and Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    9.00    7/7/08    3,220,000 g    3,220,000 
Sevier County Public Building                 
Authority, Local Government                 
Public Improvement Revenue                 
(Insured; AMBAC and Liquidity                 
Facility; Landesbank                 
Hessen-Thuringen Girozentrale)    9.00    7/7/08    4,000,000 g    4,000,000 
Total Short-Term Municipal Investments             
(cost $18,820,000)                18,820,000 
Total Investments (cost $822,193,115)            159.2%    817,070,754 
Liabilities, Less Cash and Receivables            (3.7%)    (18,934,084) 
Preferred Stock, at redemption value            (55.5%)    (285,000,000) 
Net Assets Applicable to Common Shareholders        100.0%    513,136,670 

a    These securities are prerefunded; the date shown represents the prerefunded date. Bonds which are prerefunded are 
    collateralized by U.S. Government securities which are held in escrow and are used to pay principal and interest on the 
    municipal issue and to retire the bonds in full at the earliest refunding date. 
b    Securities exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in 
    transactions exempt from registration, normally to qualified institutional buyers. At June 30, 2008, these securities 
    amounted to $56,381,214 or 11.0% of net assets applicable to Common Shareholders. 
c    Collateral for floating rate borrowings. 
d    Purchased on a delayed delivery basis. 
e    Security issued with a zero coupon. Income is recognized through the accretion of discount. 
f    Inverse floater security--the interest rate is subject to change periodically. 
g    Securities payable on demand. Variable interest rate--subject to periodic change. 

At June 30, 2008, the aggregate cost of investment securities for income tax purposes was $822,193,115. Net unrealized depreciation on investments was $5,122,361 of which $24,104,297 related to appreciated investment securities and $29,226,658 related to depreciated investment securities.

Securities valuation policies and other investment related disclosures are hereby incorporated by reference to the annual and semi-annual reports previously filed with the Securities and Exchange Commission on Form N-CSR.

Summary of Abbreviations         
ACA    American Capital Access    AGC    ACE Guaranty Corporation 
AGIC    Asset Guaranty Insurance Company    AMBAC    American Municipal Bond Assurance Corporation 
ARRN    Adjustable Rate Receipt Notes    BAN    Bond Anticipation Notes 
BIGI    Bond Investors Guaranty Insurance    BPA    Bond Purchase Agreement 
CGIC    Capital Guaranty Insurance Company    CIC    Continental Insurance Company 
CIFG    CDC Ixis Financial Guaranty    CMAC    Capital Market Assurance Corporation 
COP    Certificate of Participation    CP    Commercial Paper 
EDR    Economic Development Revenue    EIR    Environmental Improvement Revenue 
FGIC    Financial Guaranty Insurance Company    FHA    Federal Housing Administration 
FHLB    Federal Home Loan Bank    FHLMC    Federal Home Loan Mortgage Corporation 

FNMA    Federal National Mortgage Association    FSA    Financial Security Assurance 
GAN    Grant Anticipation Notes    GIC    Guaranteed Investment Contract 
GNMA    Government National Mortgage Association    GO    General Obligation 
HR    Hospital Revenue    IDB    Industrial Development Board 
IDC    Industrial Development Corporation    IDR    Industrial Development Revenue 
LOC    Letter of Credit    LOR    Limited Obligation Revenue 
LR    Lease Revenue    MFHR    Multi-Family Housing Revenue 
MFMR    Multi-Family Mortgage Revenue    PCR    Pollution Control Revenue 
PILOT    Payment in Lieu of Taxes    RAC    Revenue Anticipation Certificates 
RAN    Revenue Anticipation Notes    RAW    Revenue Anticipation Warrants 
RRR    Resources Recovery Revenue    SAAN    State Aid Anticipation Notes 
SBPA    Standby Bond Purchase Agreement    SFHR    Single Family Housing Revenue 
SFMR    Single Family Mortgage Revenue    SONYMA    State of New York Mortgage Agency 
SWDR    Solid Waste Disposal Revenue    TAN    Tax Anticipation Notes 
TAW    Tax Anticipation Warrants    TRAN    Tax and Revenue Anticipation Notes 
XLCA    XL Capital Assurance         

Item 2.    Controls and Procedures. 

(a) The Registrant's principal executive and principal financial officers have concluded, based on their evaluation of the Registrant's disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the Registrant's disclosure controls and procedures are reasonably designed to ensure that information required to be disclosed by the Registrant on Form N-Q is recorded, processed, summarized and reported within the required time periods and that information required to be disclosed by the Registrant in the reports that it files or submits on Form N-Q is accumulated and communicated to the Registrant's management, including its principal executive and principal financial officers, as appropriate to allow timely decisions regarding required disclosure.

(b) The Registrant has revised its internal control over financial reporting with respect to investments in certain inverse floater structures to account for such investments as secured borrowings and to report the related income and expense.

Item 3. Exhibits.

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940.

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

Dreyfus Strategic Municipals, Inc.

By:    /s/ J. David Officer 
    J. David Officer 
    President
 
Date:    August 25, 2008 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this Report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

By:    /s/ J. David Officer 
    J. David Officer 
    President
 
Date:    August 25, 2008 

By:    /s/ James Windels 
    James Windels 
    Treasurer
Date:    August 25, 2008 

EXHIBIT INDEX

(a) Certifications of principal executive and principal financial officers as required by Rule 30a-2(a) under the Investment Company Act of 1940. (EX-99.CERT)

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