497 1 ss051209mega_retail.txt 497 - SAI MEGA RETAIL STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENTS OF ADDITIONAL INFORMATION OF EACH OF THE LISTED FUNDS: --------------------- Cash Account Trust DWS Health Care Fund DWS Mid Cap Growth Fund Government and Agency Securities DWS High Income Fund DWS Money Market Prime Series Portfolio DWS Inflation Protected Plus Fund DWS New York Tax-Free Income Fund Money Market Portfolio DWS Intermediate Tax/AMT Free Fund DWS S&P 500 Plus Fund Tax-Exempt Portfolio DWS International Fund DWS Select Alternative Allocation Fund DWS Alternative Asset Allocation Plus Fund DWS International Value Opportunities Fund DWS Short Duration Plus Fund DWS Blue Chip Fund DWS Japan Equity Fund DWS Small Cap Core Fund DWS California Tax-Free Income Fund DWS Large Company Growth Fund DWS Small Cap Growth Fund DWS Capital Growth Fund DWS LifeCompass 2015 Fund DWS Strategic Government Securities Fund DWS Climate Change Fund DWS LifeCompass 2020 Fund DWS Strategic High Yield Tax-Free Fund DWS Commodity Securities Fund DWS LifeCompass 2030 Fund DWS Strategic Income Fund DWS Core Plus Allocation Fund DWS LifeCompass 2040 Fund DWS Target 2010 Fund DWS Disciplined Long/Short Growth Fund DWS LifeCompass Protect 2017 Fund DWS Target 2011 Fund DWS Disciplined Long/Short Value Fund DWS LifeCompass Retirement Fund DWS Target 2012 Fund DWS Disciplined Market Neutral Fund DWS Lifecycle Long Range Fund DWS Target 2013 Fund DWS Floating Rate Plus Fund DWS Managed Municipal Bond Fund DWS Target 2014 Fund DWS Global Thematic Fund DWS Massachusetts Tax-Free Fund Investors Cash Trust DWS GNMA Fund DWS Micro Cap Fund Treasury Portfolio DWS Growth & Income Fund Tax-Exempt California Money Market Fund -----------------------------------------------------------------------------------------------------------------------------------
The following information supplements the "Management of Fund" section of each Fund's Statements of Additional Information: From time to time, Deutsche Bank or an affiliate (collectively, "DB") may at its sole discretion invest its own assets in shares of the Fund ("proprietary investment") for such purposes it deems appropriate, including investments designed to assist in the management of the Fund's portfolio. Any proprietary investment may be hedged and, in that event, the return on the proprietary investment, net of the effect of the hedge, would be expected to differ from the return of the Fund. DB has no obligation to make any proprietary investments and the amount of any proprietary investment that is made may or may not be significant in comparison to the level of assets of the Fund. In the event that a proprietary investment is made, except as otherwise required under the Investment Company Act of 1940, DB would be permitted to redeem the investment at such time that it deems appropriate. Please Retain This Supplement for Future Reference May 12, 2009