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 Strategies Fund -x- Director --- 10% Owner (DHF) --- Officer (give --- Other(specify below) title below) DiMartino, Joseph S. (Last) (First) (Middle) ============================================================================================================================= 3. I.R.S. 4. Statement for 7. Individual or Joint/Group (Check 106A Lindsley Road Identification Month/Day/Year Applicable Line) ---------------------- Number of April 25, 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 Vernon, NJ 07976 (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) or (Instr. 4) (Instr. 4) Date/Year) (D) Price ============================================================================================================================= Share of Beneficial Interest, Par Value $.001 Per Share 4/25/03 P 10,000 A 4.78 D 4/25/03 P 9,000 A 4.79 D 4/25/03 P 13,000 A 4.80 D 4/25/03 P 1,700 A 4.83 D 4/25/03 P 6,300 A 4.84 D 106,364.3718 ============================================================================================================================== 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: Joseph S. DiMartino April 25, 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.