497 1 st061207mega.txt PROSPECTUS AND SAI STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES OF EACH OF THE LISTED FUNDS/PORTFOLIOS: ------------------------------ CLASSES A AND S Cash Account Trust: DWS Europe Equity Fund DWS Massachusetts Tax-Free Fund Tax-Exempt Portfolio DWS Global Bond Fund DWS Micro Cap Fund - DWS Tax Free Money Fund Class S DWS Global Opportunities Fund DWS Mid Cap Growth Fund DWS Balanced Fund DWS Global Thematic Fund DWS Moderate Allocation Fund DWS Blue Chip Fund DWS GNMA Fund DWS Money Market Prime Series: DWS California Tax-Free Income Fund DWS Gold & Precious Metals Fund DWS Cash Investment Trust Class A DWS Capital Growth Fund DWS Growth & Income Fund DWS Cash Investment Trust Class S DWS Commodity Securities Fund DWS Growth Allocation Fund DWS New York Tax-Free Income Fund DWS Communications Fund DWS Growth Plus Allocation Fund DWS RREEF Global Real Estate Securities Fund DWS Conservative Allocation Fund DWS Health Care Fund DWS RREEF Real Estate Securities Fund DWS Core Fixed Income Fund DWS High Income Fund DWS S&P 500 Index Fund DWS Core Plus Allocation Fund DWS High Income Plus Fund DWS Short Duration Fund DWS Core Plus Income Fund DWS High Yield Tax Free Fund DWS Short Duration Plus Fund DWS Disciplined Long/Short Growth Fund DWS Inflation Protected Plus Fund DWS Short-Term Municipal Bond Fund DWS Disciplined Long/Short Value Fund DWS Intermediate Tax/AMT Free Fund DWS Small Cap Core Fund DWS Disciplined Market Neutral Fund DWS International Fund DWS Small Cap Growth Fund DWS Dreman Concentrated Value Fund DWS International Equity Fund DWS Small Cap Value Fund DWS Dreman High Return Equity Fund DWS International Select Equity Fund DWS Strategic Income Fund DWS Dreman Mid Cap Value Fund DWS International Value Opportunities Fund DWS Technology Fund DWS Dreman Small Cap Value Fund DWS Japan Equity Fund DWS U.S. Government Securities Fund DWS Emerging Markets Equity Fund DWS Large Cap Value Fund DWS Value Builder Fund DWS Emerging Markets Fixed Income Fund DWS Large Company Growth Fund Investors Cash Trust: DWS Enhanced S&P 500 Index Fund DWS Latin America Equity Fund Treasury Portfolio DWS Equity 500 Index Fund DWS Lifecycle Long Range Fund - DWS U.S. Treasury Money Fund Class S DWS Equity Income Fund DWS Managed Municipal Bond Fund DWS Equity Partners Fund ------------------------------------------------------------------------------------------------------------------------------------
The following information supplements disclosure under "Policies about transactions" in the "Policies You Should Know About" section of each fund's/portfolio's prospectuses for Class A and Class S shares only: Subsequent Investments. There is no minimum subsequent investment requirement for investments on behalf of participants in certain fee-based and wrap programs offered through certain financial intermediaries approved by the Advisor. Please Retain This Supplement for Future Reference June 12, 2007 DMF-3646 [DWS SCUDDER LOGO OMITTED] Deutsche Bank Group Supplement to the currently effective Statement of Additional Information of each of the listed funds: -------------------------------------------------------------------------------- Class A and Class S Cash Account Trust DWS Equity Income Fund DWS Managed Municipal Bond Fund o Tax-Exempt Portfolio DWS Equity Partners Fund DWS Massachusetts Tax-Free Fund - DWS Tax Free Money Fund Class S DWS Europe Equity Fund DWS Micro Cap Fund DWS Balanced Fund DWS Global Bond Fund DWS Mid Cap Growth Fund DWS Blue Chip Fund DWS Global Opportunities Fund DWS Moderate Allocation Fund DWS California Tax-Free Income Fund DWS Global Thematic Fund DWS Money Market Prime Series DWS Capital Growth Fund DWS GNMA Fund o DWS Cash Investment Trust Class A DWS Commodity Securities Fund DWS Gold & Precious Metals Fund o DWS Cash Investment Trust Class S DWS Communications Fund DWS Growth & Income Fund DWS New York Tax-Free Income Fund DWS Conservative Allocation Fund DWS Growth Allocation Fund DWS RREEF Global Real Estate Securities Fund DWS Core Fixed Income Fund DWS Growth Plus Allocation Fund DWS RREEF Real Estate Securities Fund DWS Core Plus Allocation Fund DWS Health Care Fund DWS S&P 500 Index Fund DWS Core Plus Income Fund DWS High Income Fund DWS Short Duration Fund DWS Disciplined Long/Short Growth Fund DWS High Income Plus Fund DWS Short Duration Plus Fund DWS Disciplined Long/Short Value Fund DWS High Yield Tax Free Fund DWS Short-Term Municipal Bond Fund DWS Disciplined Market Neutral Fund DWS Inflation Protected Plus Fund DWS Small Cap Core Fund DWS Dreman Concentrated Value Fund DWS Intermediate Tax/AMT Free Fund DWS Small Cap Growth Fund DWS Dreman High Return Equity Fund DWS International Fund DWS Small Cap Value Fund DWS Dreman Mid Cap Value Fund DWS International Equity Fund DWS Strategic Income Fund DWS Dreman Small Cap Value Fund DWS International Select Equity Fund DWS Technology Fund DWS Emerging Markets Equity Fund DWS International Value Opportunities Fund DWS U.S. Government Securities Fund DWS Emerging Markets Fixed Income Fund DWS Japan Equity Fund DWS Value Builder Fund DWS Enhanced S&P 500 Index Fund DWS Large Cap Value Fund Investors Cash Trust DWS Equity 500 Index Fund DWS Large Company Growth Fund o Treasury Portfolio - DWS U.S. DWS Latin America Equity Fund Treasury Money Fund Class S DWS Lifecycle Long Range Fund
The following supplements the "Purchase and Redemption of Shares" section of each of the above-referenced funds' Statement of Additional Information for Class A and Class S shares only: Minimum Subsequent Investment Policies. For current shareholders there is a $50 minimum investment requirement for subsequent investments in the fund. There is no minimum subsequent investment requirement for investments on behalf of participants in certain fee-based and wrap programs offered through financial intermediaries approved by the Advisor. Please retain this supplement for future reference. June 12, 2007 [DWS SCUDDER LOGO OMITTED] Deutsche Bank Group