497 1 st041609mega.txt 497 - PROSPECTUS / SAI STICKERS SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES: ----------------- DWS Blue Chip Fund DWS Intermediate Tax/AMT Free Fund DWS California Tax-Free Income Fund DWS Large Cap Value Fund DWS Capital Growth Fund DWS Large Company Growth Fund DWS Core Fixed Income Fund DWS Managed Municipal Bond Fund DWS Core Plus Income Fund DWS Massachusetts Tax-Free Fund DWS Disciplined Long/Short Growth Fund DWS Mid Cap Growth Fund DWS Disciplined Long/Short Value Fund DWS New York Tax-Free Income Fund DWS Disciplined Market Neutral Fund DWS S&P 500 Index Fund DWS Dreman High Return Equity Fund DWS S&P 500 Plus Fund DWS Dreman Mid Cap Value Fund DWS Short Duration Fund DWS Equity 500 Index Fund DWS Short Duration Plus Fund DWS Equity Income Fund DWS Short-Term Municipal Bond Fund DWS Floating Rate Plus Fund DWS Strategic Government Securities DWS GNMA Fund Fund DWS Growth & Income Fund DWS Strategic High Yield Tax Free Fund DWS Inflation Protected Plus Fund DWS Strategic Income Fund DWS U.S. Bond Index Fund -------------------------------------------------------------------------------- The above-referenced funds will not impose a 2% redemption fee on fund shares acquired (either by purchase or exchange) on or after June 1, 2009. Fund shares acquired (either by purchase or exchange) prior to June 1, 2009, will remain subject to a 2% redemption fee to the extent such fund shares are redeemed or exchanged within 15 days (30 days for shares of DWS Disciplined Long/Short Growth Fund, DWS Disciplined Long/Short Value Fund and DWS Disciplined Market Neutral Fund) of acquiring them (subject to certain exceptions) as described in the section entitled "Policies You Should Know About -- Redemption fees" of each fund's prospectuses. Please Retain This Supplement for Future Reference April 16, 2009 [DWS INVESTMENTS LOGO] DMF-3640 Deutsche Bank Group SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS: --------------------- DWS Blue Chip Fund DWS Intermediate Tax/AMT Free Fund DWS California Tax-Free Income Fund DWS Large Cap Value Fund DWS Capital Growth Fund DWS Large Company Growth Fund DWS Core Fixed Income Fund DWS Managed Municipal Bond Fund DWS Core Plus Income Fund DWS Massachusetts Tax-Free Fund DWS Disciplined Long/Short Growth Fund DWS Mid Cap Growth Fund DWS Disciplined Long/Short Value Fund DWS New York Tax-Free Income Fund DWS Disciplined Market Neutral Fund DWS S&P 500 Index Fund DWS Dreman High Return Equity Fund DWS S&P 500 Plus Fund DWS Dreman Mid Cap Value Fund DWS Short Duration Fund DWS Equity 500 Index Fund DWS Short Duration Plus Fund DWS Equity Income Fund DWS Short-Term Municipal Bond Fund DWS Floating Rate Plus Fund DWS Strategic Government Securities Fund DWS GNMA Fund DWS Strategic High Yield Tax Free Fund DWS Growth & Income Fund DWS Strategic Income Fund DWS Inflation Protected Plus Fund DWS U.S. Bond Index Fund The above-referenced funds will not impose a 2% redemption fee on fund shares acquired (either by purchase or exchange) on or after June 1, 2009. Fund shares acquired (either by purchase or exchange) prior to June 1, 2009, will remain subject to a 2% redemption fee to the extent such fund shares are redeemed or exchanged within 15 days (30 days for shares of DWS Disciplined Long/Short Growth Fund, DWS Disciplined Long/Short Value Fund and DWS Disciplined Market Neutral Fund) of acquiring them (subject to certain exceptions). Please Retain This Supplement for Future Reference April 16, 2009 DMF-3941