497 1 ss100206mega.txt SAI STICKER Supplement to the currently effective Statement of Additional Information of each of the listed funds:
--------------------------------------------------------------------------------------------------------------------------------- Cash Account Trust DWS International Fund DWS Variable Series II Government & Agency Securities DWS International Select Equity Fund DWS Balanced VIP Portfolio DWS Investments VIT Funds DWS Blue Chip VIP Money Market Portfolio DWS RREEF Real Estate Securities VIP DWS Conservative Allocation VIP Tax-Exempt Portfolio DWS Small Cap Index VIP DWS Core Fixed Income VIP Cash Management Fund Institutional DWS Equity 500 Index VIP DWS Davis Venture Value VIP Cash Management Fund Investment DWS Japan Equity Fund DWS Dreman Financial Services VIP Cash Reserve Fund DWS Large Cap Value Fund DWS Dreman High Return Equity VIP Prime Series DWS Large Company Growth Fund DWS Dreman Small Cap Value VIP Tax-Free Series DWS Latin America Equity Fund DWS Global Thematic VIP Treasury Series DWS Lifecycle Long Range Fund DWS Government & Agency Securities VIP Daily Assets Fund Institutional DWS Managed Municipal Bond Fund DWS Growth Allocation VIP DWS Balanced Fund DWS Massachusetts Tax-Free Fund DWS High Income VIP DWS Blue Chip Fund DWS Micro Cap Fund DWS Income Allocation VIP DWS California Tax Free Income Fund DWS Mid Cap Growth Fund DWS International Select Equity VIP DWS Capital Growth Fund DWS Moderate Allocation Fund DWS Janus Growth & Income VIP DWS Cash Investment Trust DWS Money Market Fund DWS Janus Growth Opportunities VIP DWS Commodity Securities Fund DWS Money Market Series DWS Large Cap Value VIP DWS Communications Fund DWS New York Tax-Free Income Fund DWS Mercury Large Cap Core VIP DWS Conservative Allocation Fund DWS Pacific Opportunities Equity Fund DWS MFS Strategic Value VIP DWS Core Fixed Income Fund DWS RREEF Real Estate Securities Fund DWS Mid Cap Growth VIP DWS Core Plus Income Fund DWS S&P 500 Index Fund DWS Moderate Allocation VIP DWS Dreman Concentrated Value Fund DWS Short Duration Fund DWS Money Market VIP DWS Dreman Financial Services Fund DWS Short Duration Plus Fund DWS Oak Strategic Equity VIP DWS Dreman High Return Equity Fund DWS Short Term Bond Fund DWS Salomon Aggressive Growth VIP DWS Dreman Mid Cap Value Fund DWS Short-Term Municipal Bond Fund DWS Small Cap Growth VIP DWS Dreman Small Cap Value Fund DWS Small Cap Core Fund DWS Strategic Income VIP DWS EAFE Equity Index Fund DWS Small Cap Growth Fund DWS Technology VIP DWS Emerging Markets Equity Fund DWS Small Cap Value Fund DWS Templeton Foreign Value VIP DWS Emerging Markets Fixed Income Fund DWS Strategic Income Fund DWS Turner Mid Cap Growth VIP DWS Enhanced S&P 500 Index Fund DWS Target 2006 Fund Investors Cash Trust DWS Equity 500 Index Fund DWS Target 2008 Fund Government & Agency Securities Portfolio DWS Equity Income Fund DWS Target 2010 Fund Treasury Portfolio DWS Equity Partners Fund DWS Target 2011 Fund Investors Municipal Cash Fund DWS Europe Equity Fund DWS Target 2012 Fund Investors Florida Municipal Cash Fund DWS Global Bond Fund DWS Target 2013 Fund Investors Michigan Municipal Cash Fund DWS Global Opportunities Fund DWS Target 2014 Fund Investors New Jersey Municipal Cash Fund DWS Global Thematic Fund DWS Tax Free Money Fund Investors Pennsylvania Municipal Cash DWS GNMA Fund DWS Tax-Exempt Money Fund Fund DWS Gold & Precious Metals Fund DWS Technology Fund Tax-Exempt New York Money Market Fund DWS Government & Agency Money Fund DWS U.S. Bond Index Fund Money Market Fund Investment DWS Growth & Income Fund DWS U.S. Government Securities Fund New York Tax Free Money Fund DWS Growth Allocation Fund DWS U.S. Treasury Money Fund Tax Exempt California Money Market Fund DWS Growth Plus Allocation Fund DWS Value Builder Fund Tax Free Money Fund Investment DWS Health Care Fund DWS Variable Series I Treasury Money Fund Institutional DWS High Income Fund DWS Bond VIP DWS High Income Plus Fund DWS Capital Growth VIP DWS High Yield Tax Free Fund DWS Global Opportunities VIP DWS Inflation Protected Plus Fund DWS Growth & Income VIP DWS Intermediate Tax/AMT Free Fund DWS Health Care VIP DWS International Equity Fund DWS International VIP Money Market VIP
The following replaces the second and third paragraphs under the "Portfolio Holdings Information" section of each of the above-referenced fund's Statement of Additional Information: Each fund's procedures permit non-public portfolio holdings information to be shared with Deutsche Asset Management, Inc. and its affiliates (collectively "DeAM"), subadvisors, if any, custodians, independent registered public accounting firms, attorneys, officers and trustees/directors and each of their respective affiliates and advisers who require access to this information to fulfill their duties to a fund and are subject to the duties of confidentiality, including the duty not to trade on non-public information, imposed by law or contract, or by a fund's procedures. This non-public information may also be disclosed, subject to the requirements described below, to securities lending agents, financial printers, proxy voting firms, mutual fund analysts and rating and tracking agencies, or to shareholders in connection with in-kind redemptions (collectively, "Authorized Third Parties"). Prior to any disclosure of a fund's non-public portfolio holdings information to Authorized Third Parties, a person authorized by a fund's Trustees/Directors must make a good faith determination in light of the facts then known that a fund has a legitimate business purpose for providing the information, that the disclosure is in the best interest of a fund, and that the recipient assents or otherwise has a duty to keep the information confidential and to not trade based on the information received while the information remains non-public. No compensation is received by a fund or DeAM for disclosing non-public holdings information. Periodic reports regarding these procedures will be provided to a fund's Trustees/Directors. Please Retain This Supplement for Future Reference October 2, 2006 2