formnq424.htm - Generated by SEC Publisher for SEC Filing

Washington, D.C. 20549



Investment Company Act file number  811-5652 

Dreyfus Municipal Income, 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:  6/30/2009 


Item 1.  Schedule of Investments. 


Dreyfus Municipal Income, Inc.         
June 30, 2009 (Unaudited)         
Long-Term Municipal  Coupon  Maturity  Principal   
Investments--155.9%  Rate (%)  Date  Amount ($)  Value ($) 

The Board of Trustees of the         
       University of Alabama, HR         
       (University of Alabama at         
       Birmingham) (Insured; National         
       Public Finance Guarantee         
       Corp.) (Prerefunded)  5.88  9/1/10  4,620,000 a  4,943,631 
Alaska Housing Finance         
       Corporation, General Mortgage         
       Revenue (Insured; National         
       Public Finance Guarantee Corp.)  6.05  6/1/39  2,280,000  2,280,958 
City of Phoenix, County of         
       Maricopa and the County of         
       Pima Industrial Development         
       Authorities, SFMR         
       (Collateralized: FHLMC, FNMA         
       and GNMA)  5.80  12/1/39  3,770,000  3,821,988 
Glendale Western Loop 101 Public         
       Facilities Corporation, Third         
       Lien Excise Tax Revenue  6.25  7/1/28  1,000,000  1,040,860 
Glendale Western Loop 101 Public         
       Facilities Corporation, Third         
       Lien Excise Tax Revenue  7.00  7/1/28  2,000,000  2,145,360 
Pima County Industrial Development         
       Authority, Education Revenue         
       (American Charter Schools         
       Foundation Project)  5.63  7/1/38  2,000,000  1,428,820 
ABAG Financial Authority for         
       Nonprofit Corporations,         
       Insured Revenue, COP (Odd         

       Fellows Home of California)  6.00  8/15/24  5,000,000  4,999,600 
       GO (Various Purpose)  5.75  4/1/31  3,950,000  3,825,812 
       GO (Various Purpose)  5.00  11/1/32  1,500,000  1,300,965 
       GO (Various Purpose)  6.50  4/1/33  3,000,000  3,152,130 
California Health Facilities         
       Financing Authority, Revenue         
       (Sutter Health)  6.25  8/15/35  2,500,000  2,522,475 
California Statewide Communities         
       Development Authority, COP         
       (Catholic Healthcare West)         
       (Prerefunded)  6.50  7/1/10  3,545,000 a  3,773,050 
California Statewide Communities         
       Development Authority, COP         
       (Catholic Healthcare West)         
       (Prerefunded)  6.50  7/1/10  1,455,000 a  1,550,506 
Chabot-Las Positas Community         
       College District, GO (Insured;         
       AMBAC)  0.00  8/1/32  6,000,000 b  1,339,440 
Chula Vista,         
       IDR (San Diego Gas and         
       Electric Company)  5.88  2/15/34  2,000,000  2,017,080 
Golden State Tobacco         
       Securitization Corporation,         
       Tobacco Settlement         
       Asset-Backed Bonds  4.50  6/1/27  5,000,000  4,154,250 
Golden State Tobacco         
       Securitization Corporation,         
       Tobacco Settlement         
       Asset-Backed Bonds  5.75  6/1/47  3,500,000  2,113,685 
Golden State Tobacco         
       Securitization Corporation,         
       Tobacco Settlement         
       Asset-Backed Bonds         
       (Prerefunded)  7.80  6/1/13  3,000,000 a  3,605,340 
San Diego Public Facilities         
       Financing Authority, Senior         
       Sewer Revenue  5.25  5/15/34  1,000,000  990,480 

Tuolumne Wind Project Authority,         
       Revenue (Tuolumne Company         
       Project)  5.88  1/1/29  1,500,000 c  1,525,650 
Colorado Educational and Cultural         
       Facilities Authority, Charter         
       School Revenue (American         
       Academy Project)  8.00  12/1/40  1,500,000  1,647,270 
Colorado Health Facilities         
       Authority, Health Facilities         
       Revenue (The Evangelical         
       Lutheran Good Samaritan         
       Society Project)  6.13  6/1/38  2,525,000  2,502,881 
Colorado Springs,         
       HR  6.38  12/15/30  2,890,000  2,907,138 
Colorado Springs,         
       HR (Prerefunded)  6.38  12/15/10  2,835,000 a  3,094,459 
University of Colorado Regents,         
       University Enterprise Revenue  5.38  6/1/38  1,500,000  1,538,790 
District of Columbia--1.5%         
District of Columbia,         
       Revenue (Catholic University         
       America Project) (Insured;         
       AMBAC)  5.63  10/1/29  475,000  480,310 
District of Columbia,         
       Revenue (Catholic University         
       America Project) (Insured;         
       AMBAC) (Prerefunded)  5.63  10/1/09  1,605,000 a  1,641,161 
District of Columbia Housing         
       Finance Agency, SFMR         
       (Collateralized: FHA, FNMA,         
       GNMA and GIC; Trinity Funding)  7.45  12/1/30  485,000  491,717 
Greater Orlando Aviation         
       Authority, Airport Facilities         
       Revenue  6.25  10/1/20  3,980,000  4,154,682 
Orange County Health Facilities         
       Authority, HR (Orlando         
       Regional Healthcare System)  6.00  10/1/26  1,470,000  1,454,286 
Orange County Health Facilities         

       Authority, HR (Orlando         
       Regional Healthcare System)         
       (Prerefunded)  6.00  10/1/09  30,000 a  30,719 
Orange County School Board,         
       COP (Master Lease Purchase         
       Agreement) (Insured; Assured         
       Guaranty)  5.50  8/1/34  2,000,000  2,013,900 
South Lake County Hospital         
       District, Revenue (South Lake         
       Hospital, Inc.)  5.80  10/1/34  1,095,000  991,621 
       Water and Wastewater Revenue  6.00  11/1/28  3,000,000  2,999,700 
       GO (Insured; FGIC)         
       (Prerefunded)  6.13  7/1/10  3,685,000 a  3,926,625 
       GO (Insured; National Public         
       Finance Guarantee Corp.)         
       (Prerefunded)  6.13  7/1/10  315,000 a  335,655 
Illinois Development Finance         
       Authority, Revenue (Community         
       Rehabilitation Providers         
       Facilities Acquisition Program)  8.75  3/1/10  30,000  30,000 
Illinois Finance Authority,         
       Revenue (Sherman Health         
       Systems)  5.50  8/1/37  2,000,000  1,479,760 
Illinois Health Facilities         
       Authority, Revenue (Advocate         
       Health Care Network)         
       (Prerefunded)  6.13  11/15/10  5,800,000 a  6,236,102 
Illinois Health Facilities         
       Authority, Revenue (OSF         
       Healthcare System)         
       (Prerefunded)  6.25  11/15/09  7,000,000 a  7,220,570 
Illinois Health Facilities         
       Authority, Revenue (Swedish         
       American Hospital)         
       (Prerefunded)  6.88  5/15/10  1,995,000 a  2,106,880 

Franklin Township School Building         
       Corporation, First Mortgage         
       Bonds (Prerefunded)  6.13  7/15/10  2,500,000 a  2,696,750 
Maryland Economic Development         
       Corporation, PCR (Potomac         
       Electric Project)  6.20  9/1/22  2,500,000  2,685,925 
Maryland Economic Development         
       Corporation, Student Housing         
       Revenue (University of         
       Maryland, College Park         
       Project) (Prerefunded)  5.63  6/1/13  2,000,000 a  2,299,280 
Maryland Health and Higher         
       Educational Facilities         
       Authority, Revenue (The Johns         
       Hopkins University Issue)         
       (Prerefunded)  6.00  7/1/09  7,000,000 a  7,071,120 
Massachusetts Development Finance         
       Agency, SWDR (Dominion Energy         
       Brayton Point Issue)  5.00  2/1/36  2,000,000  1,635,600 
Massachusetts Health and         
       Educational Facilities         
       Authority, Healthcare System         
       Revenue (Covenant Health         
       Systems Obligated Group Issue)  6.00  7/1/31  1,970,000  1,967,616 
Massachusetts Health and         
       Educational Facilities         
       Authority, Healthcare System         
       Revenue (Covenant Health         
       Systems Obligated Group Issue)         
       (Prerefunded)  6.00  1/1/12   530,000 a  596,345 
Massachusetts Housing Finance         
       Agency, Rental Housing         
       Mortgage Revenue (Insured;         
       AMBAC)  5.50  7/1/40  2,230,000  1,717,613 
Massachusetts Industrial Finance         
       Agency, Water Treatment         

       Hingham Project)  6.95  12/1/35  5,235,000  4,445,248 
       Sewage Disposal System Senior         
       Lien Revenue (Insured; FSA)  7.50  7/1/33  1,500,000  1,729,695 
Michigan Hospital Finance         
       Authority, HR (Henry Ford         
       Health System)  5.00  11/15/38  1,515,000  1,127,448 
Michigan Strategic Fund,         
       SWDR (Genesee Power Station         
       Project)  7.50  1/1/21  4,385,000  3,608,241 
Royal Oak Hospital Finance         
       Authority, HR (William         
       Beaumont Hospital Obligated         
       Group)  8.00  9/1/29  2,500,000  2,812,675 
       Health Care System Revenue         
       (Fairview Health Services)  6.75  11/15/32  3,000,000  3,152,700 
Minnesota Agricultural and         
       Economic Development Board,         
       Health Care Facilities Revenue         
       (Essentia Health Obligated         
       Group) (Insured; Assured         
       Guaranty)  5.00  2/15/37  1,000,000  979,410 
Minnesota Agricultural and         
       Economic Development Board,         
       Health Care System Revenue         
       (Fairview Health Care Systems)  6.38  11/15/29  80,000  80,683 
Minnesota Agricultural and         
       Economic Development Board,         
       Health Care System Revenue         
       (Fairview Health Care Systems)         
       (Prerefunded)  6.38  11/15/10  2,420,000 a  2,622,627 
Mississippi Business Finance         
       Corporation, PCR (System         
       Energy Resources, Inc. Project)  5.88  4/1/22  6,000,000  5,457,120 
Missouri Health and Educational         

       Facilities Authority, Health         
       Facilities Revenue (Saint         
       Anthony's Medical Center)         
       (Prerefunded)  6.25  12/1/10  2,500,000 a  2,711,325 
Missouri Housing Development         
       Commission, SFMR         
       (Homeownership Loan Program)         
       (Collateralized: FNMA and GNMA)  6.30  9/1/25  120,000  122,286 
Clark County,         
       IDR (Southwest Gas Corporation         
       Project) (Insured; AMBAC)  6.10  12/1/38  4,000,000  3,560,160 
New Hampshire--1.2%         
New Hampshire Business Finance         
       Authority, PCR (Public Service         
       Company of New Hampshire         
       Project) (Insured; AMBAC)  6.00  5/1/21  2,135,000  2,118,923 
New Jersey--2.1%         
New Jersey Economic Development         
       Authority, Cigarette Tax         
       Revenue  5.50  6/15/31  1,610,000  1,216,822 
New Jersey Higher Education         
       Student Assistance Authority,         
       Student Loan Revenue (Insured;         
       Assured Guaranty)  6.13  6/1/30  2,500,000  2,495,450 
New Mexico--2.3%         
       PCR (Public Service Company of         
       New Mexico San Juan Project)  6.30  12/1/16  3,000,000  2,997,180 
New Mexico Mortgage Finance         
       Authority, Single Family         
       Mortgage Program         
       (Collateralized: FHLMC and         
       GNMA)  6.85  9/1/31  1,000,000  1,012,110 
New York--1.8%         
Long Island Power Authority,         
       Electric System General Revenue  5.00  9/1/27  1,500,000  1,489,290 
New York City Industrial         
       Development Agency, PILOT         
       Revenue (Yankee Stadium         

       Project) (Insured; Assured         
       Guaranty)  7.00  3/1/49  1,435,000  1,613,528 
North Carolina--.6%         
North Carolina Housing Finance         
       Agency, Home Ownership Revenue  6.25  1/1/29  1,125,000  1,125,563 
Buckeye Tobacco Settlement         
       Financing Authority, Tobacco         
       Settlement Asset-Backed Bonds  6.50  6/1/47  2,000,000  1,234,500 
Toledo-Lucas County Port         
       Authority, Special Assessment         
       Revenue (Crocker Park Public         
       Improvement Project)  5.38  12/1/35  2,000,000  1,658,740 
Lancaster Higher Education         
       Authority, College Revenue         
       (Franklin and Marshall College         
       Project)  5.00  4/15/37  2,000,000  1,890,880 
Pennsylvania Economic Development         
       Financing Authority, RRR         
       (Northampton Generating         
       Project)  6.60  1/1/19  3,500,000  2,636,410 
Sayre Health Care Facilities         
       Authority, Revenue (Guthrie         
       Health)  5.88  12/1/31  1,755,000  1,670,005 
Sayre Health Care Facilities         
       Authority, Revenue (Guthrie         
       Health) (Prerefunded)  5.88  12/1/11  5,995,000 a  6,717,697 
South Carolina--10.3%         
Lancaster Educational Assistance         
       Program, Inc., Installment         
       Purchase Revenue (The School         
       District of Lancaster County,         
       South Carolina, Project)  5.00  12/1/26  5,000,000  4,554,600 
Medical University of South         
       Carolina, Hospital Facilities         
       Revenue (Prerefunded)  6.00  7/1/09  2,500,000 a  2,525,400 
Piedmont Municipal Power Agency,         
       Electric Revenue  5.25  1/1/21  3,500,000  3,502,975 
South Carolina Public Service         

       Authority, Revenue Obligations  5.50  1/1/38  3,000,000  3,147,060 
Tobacco Settlement Revenue         
       Management Authority of South         
       Carolina, Tobacco Settlement         
       Asset-Backed Bonds  6.38  5/15/30  3,750,000  4,341,038 
Johnson City Health and         
       Educational Facilities Board,         
       Hospital First Mortgage         
       Revenue (Mountain States         
       Health Alliance)  5.50  7/1/36  2,000,000  1,689,120 
Knox County Health, Educational         
       and Housing Facility Board,         
       Revenue (University Health         
       System, Inc.)  5.25  4/1/36  2,000,000  1,641,180 
Metropolitan Government of         
       Nashville and Davidson County         
       Health and Educational         
       Facilities Board, Revenue (The         
       Vanderbilt University)  5.50  10/1/29  2,500,000  2,707,600 
Cities of Dallas and Fort Worth,         
       Dallas/Fort Worth         
       International Airport, Joint         
       Revenue Improvement (Insured;         
       FSA)  5.00  11/1/35  1,500,000  1,291,965 
Gregg County Health Facilities         
       Development Corporation, HR         
       (Good Shepherd Medical Center         
       Project) (Insured; Radian)         
       (Prerefunded)  6.38  10/1/10  2,500,000 a  2,669,150 
Harris County Health Facilities         
       Development Corporation, HR         
       (Memorial Hermann Healthcare         
       System) (Prerefunded)  6.38  6/1/11  3,565,000 a  3,953,549 
Lubbock Educational Facilities         
       Authority, Improvement Revenue         
       (Lubbock Christian University)  5.25  11/1/37  1,500,000  1,166,130 
North Texas Tollway Authority,         
       First Tier System Revenue         
       (Insured; Assured Guaranty)  5.75  1/1/40  4,000,000  4,146,840 

North Texas Tollway Authority,         
       Second Tier System Revenue  5.75  1/1/38  4,000,000  3,848,400 
       GO (Veterans Housing         
       Assistance Program)         
       (Collateralized; FHA)  6.10  6/1/31  7,000,000  7,007,490 
Utah Housing Finance Agency,         
       SFMR (Collateralized; FHA)  6.00  1/1/31  85,000  81,507 
Vermont Educational and Health         
       Buildings Financing Agency,         
       Revenue (Middlebury College         
       Project)  5.00  11/1/38  2,500,000  2,492,200 
Vermont Educational and Health         
       Buildings Financing Agency,         
       Revenue (Saint Michael's         
       College Project)  6.00  10/1/28  1,500,000  1,549,155 
Vermont Housing Finance Agency,         
       SFHR (Insured; FSA)  6.40  11/1/30  330,000  336,518 
Washington County Industrial         
       Development Authority, HR         
       (Mountain States Health         
       Alliance)  7.25  7/1/19  2,000,000  2,241,980 
Washington Health Care Facilities         
       Authority, Mortgage Revenue         
       (Highline Medical Center)         
       (Collateralized; FHA)  6.25  8/1/36  3,000,000  3,145,920 
Washington Health Care Facilities         
       Authority, Revenue (Catholic         
       Health Initiatives)  6.38  10/1/36  1,500,000  1,576,260 
Washington Higher Educational         
       Facilities Authority, Revenue         
       (Whitman College) (Prerefunded)  5.88  10/1/09  5,000,000 a  5,070,050 
Washington Housing Finance         
       Commission, Revenue         
       (Single-Family Program)         
       (Collateralized: FHLMC, FNMA         

       and GNMA)  5.15  6/1/37  3,160,000  3,067,886 
West Virginia--1.2%         
The County Commission of Pleasants         
       County, PCR (Allegheny Energy         
       Supply Company, LLC Pleasants         
       Station Project)  5.25  10/15/37  2,500,000  2,175,825 
Badger Tobacco Asset         
       Securitization Corporation,         
       Tobacco Settlement         
       Asset-Backed Bonds         
       (Prerefunded)  7.00  6/1/12  2,500,000 a  2,841,650 
Wisconsin Health and Educational         
       Facilities Authority, Revenue         
       (Aurora Health Care, Inc.)  5.60  2/15/29  4,975,000  4,396,706 
Sweetwater County,         
       SWDR (FMC Corporation Project)  5.60  12/1/35  1,500,000  1,215,750 
Wyoming Municipal Power Agency,         
       Power Supply System Revenue  5.50  1/1/38  2,000,000  1,974,480 
U.S. Related--6.1%         
Government of Guam,         
       LOR (Section 30)  5.75  12/1/34  1,500,000  1,470,480 
Puerto Rico Commonwealth,         
       Public Improvement GO  5.50  7/1/32  1,000,000  903,500 
Puerto Rico Electric Power         
       Authority, Power Revenue  5.00  7/1/37  1,945,000  1,666,398 
Puerto Rico Electric Power         
       Authority, Power Revenue  5.50  7/1/38  4,000,000  3,695,800 
Puerto Rico Sales Tax Financing         
       Corporation, Sales Tax Revenue         
       (First Subordinate Series)  6.00  8/1/42  3,000,000  2,940,660 
Total Investments (cost $273,972,662)      155.9%  273,808,493 
Cash and Receivables (Net)      1.0%  1,877,450 
Preferred Stock, at redemption value      (56.9%)  (100,000,000) 

Net Assets Applicable to
Common Shareholders 

    100.0%  175,685,943 

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      Security issued with a zero coupon. Income is recognized through the accretion of discount.
c      Purchased on a delayed delivery basis.

At June 30, 2009, the aggregate cost of investment securities for income tax purposes was $273,972,662. Net unrealized depreciation on investments was $164,169 of which $11,785,839 related to appreciated investment securities and $11,950,008 related to depreciated investment securities.

Summary of Abbreviations     
ABAG  Association Of Bay Area Governments  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 Markets 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 

Various inputs are used in determining the value of the fund's investments relating to Financial Accounting Standard No. 157 (FAS 157), 
                        Fair Value Measurements. 
                        These inputs are summarized in the three broad levels listed below. 
                        Level 1 - quoted prices in active markets for identical investments. 
                        Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, 
                        credit risk, etc.) 
                        Level 3 - significant unobservable inputs (including fund's own assumptions in determining the fair value of investments). 
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing 
in those securities. 
The following is a summary of the inputs used as of June 30, 2009 in valuing the fund's investments: 

      Level 3 -   
  Level 1 -  Level 2 - Other  Significant   
  Quoted  Significant Observable  Unobservable   
Assets ($)  Prices  Inputs  Inputs  Total 
Investments in Securities:         
Municipal Bonds  -  273,808,493  -  273,808,493 
Other Financial Instruments+  -  -  -  - 
Liabilities ($)         
Other Financial Instruments+  -  -  -  - 

† Other financial instruments include derivative instruments, such as futures, forward currency exchange contracts, swap contracts and options contracts. Amounts shown represents unrealized appreciation (depreciation), or in the case of options, market value at period end.


The fund adopted Statement of Financial Accounting Standards No. 161 “Disclosures about Derivative Instruments and Hedging Activities” (“FAS 161”). FAS 161 requires qualitative disclosures about objectives and strategies for using derivatives, quantitative disclosures about fair value amounts of gains and losses on derivative instruments and disclosures about credit-risk-related contingent features in derivative agreements. Since the fund held no derivatives during the period, FAS 161 disclosures did not impact the notes to the financial statements.

Portfolio valuation: Investments in municipal debt securities are valued on the last business day of each week and month by an independent pricing service (the “Service”) approved by the Board of Directors. Investments for which quoted bid prices are readily available and are representative of the bid side of the market in the judgment of the Service are valued at the mean between the quoted bid prices (as obtained by the Service from dealers in such securities) and asked prices (as calculated by the Service based upon its evaluation of the market for such securities). Other investments (which constitute a majority of the portfolio securities) are carried at fair value as determined by the Service, based on methods which include consideration of: yields or prices of municipal securities of comparable quality, coupon, maturity and type; indications as to values from dealers; and general market conditions. Options and financial futures on municipal and U.S. Treasury securities are valued at the last sales price on the securities exchange on which such securities are primarily traded or at the last sales price on the national securities market on the last business day of each week and month.

Additional 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.

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) There were no changes to the Registrant's internal control over financial reporting that occurred during the Registrant's most recently ended fiscal quarter that have materially affected, or are reasonably likely to materially affect, the Registrant's internal control over financial reporting.

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.



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 Municipal Income, Inc.

By:  /s/ J. David Officer 
  J. David Officer 
Date:  August 12, 2009 

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 
Date:  August 12, 2009 
By:  /s/ James Windels 
  James Windels 
Date:  August 12, 2009 


(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)