PAGE 1 000 B000000 03/31/2005 000 C000000 0001057861 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 DREYFUS HIGH YIELD STRATEGIES FUND 001 B000000 811-8703 001 C000000 2129226805 002 A000000 200 PARK AVENUE 002 B000000 NEW YORK 002 C000000 NY 002 D010000 10166 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 015 A000001 MELLON BANK, N.A. 015 B000001 C 015 C010001 PITTSBURGH 015 C020001 PA 015 C030001 15258 015 E030001 X 015 A000002 MELLON TRUST OF NEW ENGLAND, N.A. 015 B000002 S 015 C010002 EVERETT 015 C020002 MA 015 C030002 02149 015 E030002 X 018 000000 Y 019 A000000 Y 019 B000000 195 019 C000000 DREYFUSFAM 020 C000001 0 020 C000002 0 020 C000003 0 PAGE 2 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 022 A000001 J.P. MORGAN CHASE & CO. 022 B000001 13-3224016 022 C000001 90681 022 D000001 80636 022 A000002 BARCLAY INVESTMENTS, INC. 022 B000002 05-0346412 022 C000002 47313 022 D000002 42937 022 A000003 LEHMAN BROTHERS INC. 022 B000003 13-2518466 022 C000003 34592 022 D000003 23973 022 A000004 UBS WARBURG LLC 022 B000004 13-3873456 022 C000004 24384 022 D000004 23452 022 A000005 CREDIT SUISSE FIRST BOSTON CORPORATION 022 B000005 13-5659485 022 C000005 17533 022 D000005 19314 022 A000006 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 022 B000006 13-5674085 022 C000006 18172 022 D000006 14174 022 A000007 CITIGROUP GLOBAL MARKETS INC. 022 B000007 11-2418191 022 C000007 25288 022 D000007 5977 022 A000008 DEUTSCHE BANK SECURITIES INC. 022 B000008 13-2730828 022 C000008 19005 022 D000008 12440 022 A000009 MORGAN STANLEY 022 B000009 13-2655998 022 C000009 13874 022 D000009 16665 022 A000010 GOLDMAN, SACHS & CO. 022 B000010 13-5108880 022 C000010 14251 022 D000010 8639 023 C000000 359177 023 D000000 290039 024 000000 N PAGE 3 025 D000001 0 025 D000002 0 025 D000003 0 025 D000004 0 025 D000005 0 025 D000006 0 025 D000007 0 025 D000008 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 053 A000000 Y 053 B000000 Y 053 C000000 N 055 A000000 Y 055 B000000 Y 056 000000 N 057 000000 N 062 A000000 Y 062 B000000 0.0 062 C000000 0.0 062 D000000 0.0 062 E000000 0.0 062 F000000 0.0 062 G000000 0.0 062 H000000 0.0 062 I000000 0.0 062 J000000 0.0 062 K000000 0.0 062 L000000 0.1 062 M000000 0.0 062 N000000 0.0 062 O000000 0.0 062 P000000 123.3 062 Q000000 5.6 062 R000000 3.8 063 A000000 0 063 B000000 4.8 064 A000000 N 064 B000000 Y 065 000000 N 066 A000000 N 067 000000 N 068 A000000 N 068 B000000 N 069 000000 N 070 A010000 Y 070 A020000 N 070 B010000 Y 070 B020000 N 070 C010000 Y PAGE 4 070 C020000 Y 070 D010000 Y 070 D020000 N 070 E010000 Y 070 E020000 Y 070 F010000 Y 070 F020000 N 070 G010000 Y 070 G020000 N 070 H010000 Y 070 H020000 N 070 I010000 Y 070 I020000 N 070 J010000 Y 070 J020000 Y 070 K010000 Y 070 K020000 Y 070 L010000 Y 070 L020000 Y 070 M010000 Y 070 M020000 Y 070 N010000 Y 070 N020000 N 070 O010000 Y 070 O020000 Y 070 P010000 Y 070 P020000 Y 070 Q010000 N 070 Q020000 N 070 R010000 Y 070 R020000 N 071 A000000 372158 071 B000000 393927 071 C000000 456542 071 D000000 82 072 A000000 12 072 B000000 38824 072 C000000 1299 072 D000000 0 072 E000000 0 072 F000000 4294 072 G000000 0 072 H000000 0 072 I000000 519 072 J000000 48 072 K000000 0 072 L000000 54 072 M000000 187 072 N000000 68 072 O000000 1 072 P000000 3098 PAGE 5 072 Q000000 0 072 R000000 98 072 S000000 24 072 T000000 0 072 U000000 0 072 V000000 69 072 W000000 94 072 X000000 8554 072 Y000000 631 072 Z000000 32200 072AA000000 23985 072BB000000 31321 072CC010000 3306 072CC020000 0 072DD010000 34839 072DD020000 0 072EE000000 0 073 A010000 0.4975 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 1 074 B000000 0 074 C000000 0 074 D000000 430495 074 E000000 11891 074 F000000 635 074 G000000 0 074 H000000 0 074 I000000 515 074 J000000 617 074 K000000 0 074 L000000 9055 074 M000000 62 074 N000000 453271 074 O000000 1624 074 P000000 323 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 117458 074 S000000 0 074 T000000 333866 074 U010000 71487 074 U020000 0 074 V010000 4.67 074 V020000 0.00 074 W000000 0.0000 074 X000000 720 074 Y000000 0 PAGE 6 075 A000000 0 075 B000000 477067 076 000000 4.40 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 Y 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 080 A000000 VIGILANT INSURANCE COMPANY 080 B000000 NATL UNION FIRE INSUR. CO OF PITTSBURGH, PA 080 C000000 125 081 A000000 Y 081 B000000 202 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N SIGNATURE ERIK D. NAVILOFF TITLE ASSISTANT TREASURER