Supplement to the currently  effective  Statements of Additional  Information of
each of the listed funds/portfolios:

                                                                                    
 Cash Account Trust                         DWS Global Thematic Fund                      DWS Money Market Prime Series
     Tax-Exempt Portfolio                   DWS GNMA Fund                                     DWS Cash Investment Trust Class S
 DWS Balanced Fund                          DWS Gold & Precious Metals Fund               DWS Money Market Series Premium
 DWS Blue Chip Fund                         DWS Growth & Income Fund                      DWS Money Market Series Prime Reserve
 DWS California Tax-Free Income Fund        DWS Growth Allocation Fund                    DWS New York Tax-Free Income Fund
 DWS Capital Growth Fund                    DWS Growth Plus Allocation Fund               DWS Pacific Opportunities Equity Fund
 DWS Commodity Securities Fund              DWS Health Care Fund                          DWS RREEF Global Real Estate
 DWS Conservative Allocation Fund           DWS High Income Plus Fund                         Securities Fund
 DWS Core Fixed Income Fund                 DWS High Yield Tax Free Fund                  DWS RREEF Real Estate Securities Fund
 DWS Core Plus Allocation Fund              DWS Inflation Protected Plus Fund             DWS S&P 500 Index Fund
 DWS Core Plus Income Fund                  DWS Intermediate Tax/AMT Free Fund            DWS Short Duration Fund
 DWS Disciplined Long/Short Growth          DWS International Equity Fund                 DWS Short Duration Plus Fund
   Fund                                     DWS International Fund                        DWS Short Term Bond Fund
 DWS Disciplined Long/Short Value Fund      DWS International Select Equity Fund          DWS Short-Term Municipal Bond Fund
 DWS Disciplined Market Neutral Fund        DWS International Value Opportunities         DWS Small Cap Core Fund
 DWS Dreman High Return Equity Fund            Fund                                       DWS Small Cap Growth Fund
 DWS Dreman Mid Cap Value Fund              DWS Japan Equity Fund                         DWS Small Cap Value Fund
 DWS Dreman Small Cap Value Fund            DWS Large Cap Value Fund                      DWS Strategic Income Fund
 DWS Emerging Markets Equity Fund           DWS Large Company Growth Fund                 DWS Tax Free Money Fund
 DWS Emerging Markets Fixed Income          DWS Latin America Equity Fund                 DWS Technology Fund
   Fund                                     DWS Lifecycle Long Range Fund                 DWS U.S. Government Securities Fund
 DWS Enhanced S&P 500 Index Fund            DWS Managed Municipal Bond Fund               Investors Cash Trust
 DWS Equity 500 Index Fund                  DWS Massachusetts Tax-Free Fund                  Treasury Portfolio
 DWS Equity Income Fund                     DWS Micro Cap Fund
 DWS Europe Equity Fund                     DWS Mid Cap Growth Fund
 DWS Global Bond Fund                       DWS Moderate Allocation Fund
 DWS Global Opportunities Fund








The following  information  replaces similar  disclosure to the list of eligible
Class S investors in the  "Purchases -- Eligible  Class S Investors"  section of
each Fund's Statement of Additional Information.

Only  certain  investors  are  eligible to buy Class S shares,  as  described in
greater detail below.


Eligible Class S Investors

A.        The  following  investors  may  purchase  Class S shares  of DWS Funds
          either (i) directly from DWS Scudder  Distributors,  Inc. ("DWS-SDI"),
          the Fund's  principal  underwriter;  or (ii)  through an  intermediary
          relationship  with a financial  services firm established with respect
          to the DWS Funds as of December 31, 2004.

          1.      Existing  shareholders of Class S shares of any DWS Fund as of
                  December 31, 2004, and household  members residing at the same
                  address.

          2.      Shareholders  of Class S of any DWS Fund  who  became  Class S
                  shareholders  in connection  with the  consolidation  of Class
                  AARP  and  Class S on July  17,  2006  and  household  members
                  residing at the same address.

                                                                     [Logo]DWS
                                                                       SCUDDER
                                                           Deutsche Bank Group



          3.      Shareholders who have owned Class S shares  continuously since
                  December 31, 2004 and household  members  residing at the same
                  address  may open new  accounts  for Class S shares of any DWS
                  Fund.

          4.      Any  participant  who has owned Class S shares of any DWS Fund
                  through an  employee  sponsored  retirement,  employee  stock,
                  bonus,  pension  or profit  sharing  plan  continuously  since
                  December 31, 2004 may open a new individual  account for Class
                  S shares of any DWS Fund.

          5.      Any  participant  who  owns  Class S  shares  of any DWS  Fund
                  through a retirement, employee stock, bonus, pension or profit
                  sharing plan may complete a direct  rollover to an IRA account
                  that will hold Class S shares. This applies to individuals who
                  begin their retirement plan investments with a DWS Fund at any
                  time, including after December 31, 2004.

          6.      Officers, Fund Trustees and Directors, and full-time employees
                  and their family members, of the Advisor and its affiliates.

          7.      Class S shares are  available to any  accounts  managed by the
                  Advisor,  any  advisory  products  offered  by the  Advisor or
                  DWS-SDI  and to DWS  Allocation  Series or other fund of funds
                  managed by the Advisor or its affiliates.

          8.      Shareholders  of Class S of DWS Emerging  Markets  Equity Fund
                  who became  shareholders  of the fund in  connection  with the
                  fund's acquisition of Scudder New Asia Fund, Inc. on April 17,
                  2006.

          9.      Shareholders  of Class S of any DWS Fund  who  became  Class S
                  shareholders in connection with the  consolidation  of Class M
                  and Class S on August 18, 2006 and household  members residing
                  at the same address.

          10.     Shareholders  of Class S of any DWS Fund  who  became  Class S
                  shareholders  in connection with the renaming or conversion of
                  Investment Class to Class S on October 23, 2006.

B. The following additional investors may purchase Class S shares of DWS Funds.

          1.      Broker-dealers,   banks  and  registered  investment  advisors
                  ("RIAs")  may  purchase  Class S shares in  connection  with a
                  comprehensive  or  "wrap"  fee  program  or  other  fee  based
                  program.

          2.      Any  group  retirement,  employee  stock,  bonus,  pension  or
                  profit-sharing plans.

          3.      Persons  who  purchase  shares as part of an  investment  only
                  placement in a 529 College Savings Plan.

          4.      Persons who purchase  shares through a Health Savings  Account
                  or a Voluntary Employees' Benefit Association ("VEBA") Trust.

DWS-SDI may, at its discretion,  require appropriate documentation that shows an
investor is eligible to purchase Class S shares.


               Please Retain This Supplement for Future Reference


May 21, 2007