497 1 ss052107mega.txt SAI STICKER 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