N-Q 1 nq013110bcf.htm DWS BLUE CHIP FUND nq013110bcf.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY
_______________________________
 
Investment Company Act file number  811-05357
 
DWS Blue Chip Fund
(Exact name of registrant as specified in charter)

345 Park Avenue
New York, NY  10154
(Address of principal executive offices)             (Zip code)
 

Paul Schubert
345 Park Avenue
New York, NY  10154-0004
(Name and address of agent for service)
 
Registrant's telephone number, including area code:  (212) 454-7190
 
Date of fiscal year end:  10/31
 
Date of reporting period: 1/31/10

 
 ITEM 1.    SCHEDULE OF INVESTMENTS
 
 
Investment Portfolio      as of January 31, 2010  (Unaudited)
 
DWS Blue Chip Fund

   
Shares
  
Value ($)
  
   
 
Common Stocks 98.1%
  
 
Consumer Discretionary 11.5%
  
 
Distributors 0.1%
  
 
Genuine Parts Co.
  
4,300
  
162,024
  
 
Diversified Consumer Services 0.3%
  
 
Career Education Corp.* (a)
  
6,200
  
134,850
  
 
Corinthian Colleges, Inc.* (a)
  
42,100
  
589,400
  
   
   
724,250
  
 
Hotels Restaurants & Leisure 1.6%
  
 
McDonald's Corp.
  
53,600
  
3,346,248
  
 
Starbucks Corp.*
  
55,500
  
1,209,345
  
   
   
4,555,593
  
 
Household Durables 1.2%
  
 
Garmin Ltd. (a)
  
86,600
  
2,798,046
  
 
Leggett & Platt, Inc.
  
33,900
  
619,014
  
   
   
3,417,060
  
 
Internet & Catalog Retail 0.9%
  
 
Amazon.com, Inc.*
  
12,500
  
1,567,625
  
 
Priceline.com, Inc.*
  
4,700
  
918,145
  
   
   
2,485,770
  
 
Media 3.7%
  
 
Comcast Corp. "A"
  
202,700
  
3,208,741
  
 
DISH Network Corp. "A"
  
26,300
  
480,238
  
 
Gannett Co., Inc.
  
53,800
  
868,870
  
 
McGraw-Hill Companies, Inc.
  
36,700
  
1,301,015
  
 
Time Warner Cable, Inc. (a)
  
53,491
  
2,331,673
  
 
Time Warner, Inc. (a)
  
82,533
  
2,265,531
  
 
Walt Disney Co.
  
4,000
  
118,200
  
   
   
10,574,268
  
 
Multiline Retail 0.4%
  
 
Dillard's, Inc. "A" (a)
  
12,800
  
211,968
  
 
Macy's, Inc.
  
64,500
  
1,027,485
  
   
   
1,239,453
  
 
Specialty Retail 3.2%
  
 
Advance Auto Parts, Inc. (a)
  
22,600
  
891,570
  
 
Barnes & Noble, Inc. (a)
  
53,400
  
933,432
  
 
Group 1 Automotive, Inc.*
  
12,500
  
362,500
  
 
Ross Stores, Inc. (a)
  
53,900
  
2,475,627
  
 
The Gap, Inc.
  
52,700
  
1,005,516
  
 
TJX Companies, Inc.
  
87,700
  
3,333,477
  
   
   
9,002,122
  
 
Textiles, Apparel & Luxury Goods 0.1%
  
 
Wolverine World Wide, Inc.
  
9,700
  
256,565
  
 
Consumer Staples 10.5%
  
 
Beverages 0.5%
  
 
Coca-Cola Enterprises, Inc.
  
70,400
  
1,421,376
  
 
Food & Staples Retailing 2.2%
  
 
Kroger Co.
  
52,400
  
1,122,932
  
 
Sysco Corp.
  
30,100
  
842,499
  
 
Wal-Mart Stores, Inc.
  
76,100
  
4,066,023
  
   
   
6,031,454
  
 
Food Products 2.5%
  
 
Archer-Daniels-Midland Co.
  
111,800
  
3,350,646
  
 
Bunge Ltd. (a)
  
6,300
  
370,377
  
 
Campbell Soup Co.
  
31,200
  
1,033,032
  
 
Fresh Del Monte Produce, Inc.*
  
16,400
  
333,412
  
 
General Mills, Inc.
  
4,300
  
306,633
  
 
Hormel Foods Corp.
  
2,500
  
96,750
  
 
The Hershey Co.
  
21,600
  
786,888
  
 
Tyson Foods, Inc. "A"
  
56,800
  
784,976
  
   
   
7,062,714
  
 
Household Products 2.9%
  
 
Colgate-Palmolive Co.
  
44,100
  
3,529,323
  
 
Kimberly-Clark Corp.
  
60,600
  
3,599,034
  
 
Procter & Gamble Co.
  
18,700
  
1,150,985
  
   
   
8,279,342
  
 
Personal Products 0.9%
  
 
Estee Lauder Companies, Inc. "A"
  
11,500
  
603,980
  
 
Herbalife Ltd.
  
29,800
  
1,157,730
  
 
Mead Johnson Nutrition Co. "A"
  
15,500
  
701,065
  
   
   
2,462,775
  
 
Tobacco 1.5%
  
 
Lorillard, Inc.
  
17,900
  
1,355,030
  
 
Philip Morris International, Inc.
  
64,600
  
2,939,946
  
   
   
4,294,976
  
 
Energy 8.4%
  
 
Energy Equipment & Services 2.3%
  
 
FMC Technologies, Inc.*
  
6,900
  
366,873
  
 
Helix Energy Solutions Group, Inc.*
  
23,900
  
253,579
  
 
Helmerich & Payne, Inc.
  
13,600
  
568,888
  
 
Noble Corp.
  
80,300
  
3,237,696
  
 
Oceaneering International, Inc.* (a)
  
8,500
  
464,950
  
 
Oil States International, Inc.*
  
26,200
  
965,208
  
 
Rowan Companies, Inc.*
  
33,400
  
717,432
  
   
   
6,574,626
  
 
Oil, Gas & Consumable Fuels 6.1%
  
 
Anadarko Petroleum Corp.
  
11,100
  
707,958
  
 
BP PLC (ADR)
  
20,200
  
1,133,624
  
 
Chevron Corp.
  
16,700
  
1,204,404
  
 
Cimarex Energy Co.
  
41,700
  
2,052,057
  
 
ConocoPhillips
  
86,400
  
4,147,200
  
 
ExxonMobil Corp.
  
19,600
  
1,262,828
  
 
Mariner Energy, Inc.*
  
57,100
  
825,095
  
 
Murphy Oil Corp.
  
53,100
  
2,712,348
  
 
Newfield Exploration Co.*
  
27,100
  
1,326,274
  
 
Occidental Petroleum Corp.
  
10,000
  
783,400
  
 
Peabody Energy Corp.
  
7,700
  
324,324
  
 
Quicksilver Resources, Inc.* (a)
  
17,700
  
235,233
  
 
Williams Companies, Inc.
  
25,900
  
539,756
  
   
   
17,254,501
  
 
Financials 13.3%
  
 
Capital Markets 1.5%
  
 
Bank of New York Mellon Corp.
  
72,400
  
2,106,116
  
 
Franklin Resources, Inc.
  
9,600
  
950,688
  
 
The Goldman Sachs Group, Inc.
  
7,300
  
1,085,656
  
   
   
4,142,460
  
 
Commercial Banks 1.9%
  
 
Comerica, Inc.
  
29,900
  
1,031,849
  
 
Commerce Bancshares, Inc.
  
2,200
  
87,076
  
 
HSBC Holdings PLC (ADR)
  
10,900
  
583,259
  
 
Huntington Bancshares, Inc.
  
77,000
  
368,830
  
 
KeyCorp
  
36,300
  
260,634
  
 
M&T Bank Corp.
  
9,200
  
678,500
  
 
Marshall & Ilsley Corp.
  
134,500
  
929,395
  
 
Regions Financial Corp.
  
234,200
  
1,487,170
  
   
   
5,426,713
  
 
Consumer Finance 2.5%
  
 
American Express Co.
  
48,300
  
1,818,978
  
 
Capital One Financial Corp. (a)
  
79,300
  
2,922,998
  
 
Discover Financial Services
  
174,600
  
2,388,528
  
   
   
7,130,504
  
 
Diversified Financial Services 3.5%
  
 
Bank of America Corp.
  
321,500
  
4,880,370
  
 
JPMorgan Chase & Co.
  
124,200
  
4,836,348
  
 
PHH Corp.* (a)
  
12,600
  
219,744
  
   
   
9,936,462
  
 
Insurance 3.5%
  
 
ACE Ltd.*
  
68,400
  
3,370,068
  
 
Aflac, Inc.
  
5,200
  
251,836
  
 
Allied World Assurance Co. Holdings Ltd.
  
8,900
  
398,364
  
 
Arch Capital Group Ltd.*
  
6,400
  
457,856
  
 
Berkshire Hathaway, Inc. "B"*
  
40,000
  
3,057,200
  
 
Chubb Corp.
  
9,700
  
485,000
  
 
Cincinnati Financial Corp.
  
9,900
  
261,261
  
 
Everest Re Group Ltd.
  
4,000
  
342,960
  
 
Old Republic International Corp.
  
39,500
  
418,305
  
 
Reinsurance Group of America, Inc.
  
2,100
  
102,312
  
 
The Travelers Companies, Inc.
  
17,500
  
886,725
  
   
   
10,031,887
  
 
Real Estate Investment Trusts 0.3%
  
 
Essex Property Trust, Inc. (REIT)
  
3,400
  
270,946
  
 
Public Storage (REIT)
  
3,000
  
237,540
  
 
Rayonier, Inc. (REIT)
  
3,600
  
150,984
  
 
Walter Investment Management Corp. (REIT)
  
7,037
  
95,562
  
   
   
755,032
  
 
Real Estate Management & Development 0.1%
  
 
The St. Joe Co.* (a)
  
6,300
  
163,800
  
 
Health Care 13.6%
  
 
Biotechnology 1.5%
  
 
Gilead Sciences, Inc.*
  
66,700
  
3,219,609
  
 
Myriad Genetics, Inc.*
  
5,200
  
122,200
  
 
PDL BioPharma, Inc. (a)
  
117,400
  
751,360
  
   
   
4,093,169
  
 
Health Care Equipment & Supplies 1.0%
  
 
Baxter International, Inc.
  
28,600
  
1,647,074
  
 
Covidien PLC
  
16,300
  
824,128
  
 
Stryker Corp.
  
6,100
  
316,712
  
   
   
2,787,914
  
 
Health Care Providers & Services 5.3%
  
 
Aetna, Inc.
  
98,800
  
2,961,036
  
 
Amedisys, Inc.* (a)
  
18,500
  
1,016,575
  
 
AmerisourceBergen Corp.
  
23,400
  
637,884
  
 
Coventry Health Care, Inc.*
  
57,400
  
1,313,312
  
 
Express Scripts, Inc.*
  
1,200
  
100,632
  
 
Humana, Inc.*
  
22,200
  
1,079,364
  
 
McKesson Corp.
  
56,100
  
3,299,802
  
 
Medco Health Solutions, Inc.*
  
53,500
  
3,289,180
  
 
UnitedHealth Group, Inc.
  
30,600
  
1,009,800
  
 
Universal Health Services, Inc. "B"
  
8,600
  
250,776
  
   
   
14,958,361
  
 
Pharmaceuticals 5.8%
  
 
Abbott Laboratories
  
46,600
  
2,467,004
  
 
Eli Lilly & Co. (a)
  
86,900
  
3,058,880
  
 
Johnson & Johnson
  
79,700
  
5,009,942
  
 
Pfizer, Inc.
  
260,200
  
4,855,332
  
 
Watson Pharmaceuticals, Inc.* (a)
  
25,400
  
974,598
  
   
   
16,365,756
  
 
Industrials 13.3%
  
 
Aerospace & Defense 5.0%
  
 
Alliant Techsystems, Inc.* (a)
  
4,900
  
386,953
  
 
Goodrich Corp.
  
35,300
  
2,185,423
  
 
Honeywell International, Inc.
  
18,400
  
710,976
  
 
ITT Corp.
  
11,200
  
541,072
  
 
L-3 Communications Holdings, Inc.
  
3,500
  
291,690
  
 
Lockheed Martin Corp.
  
41,800
  
3,114,936
  
 
Northrop Grumman Corp.
  
58,400
  
3,305,440
  
 
Raytheon Co.
  
51,900
  
2,721,117
  
 
United Technologies Corp.
  
13,500
  
910,980
  
   
   
14,168,587
  
 
Air Freight & Logistics 1.7%
  
 
United Parcel Service, Inc. "B"
  
82,900
  
4,789,133
  
 
Airlines 0.1%
  
 
Alaska Air Group, Inc.*
  
7,400
  
231,916
  
 
Commercial Services & Supplies 0.4%
  
 
R.R. Donnelley & Sons Co.
  
54,300
  
1,076,226
  
 
Construction & Engineering 1.3%
  
 
EMCOR Group, Inc.*
  
39,300
  
945,558
  
 
Fluor Corp.
  
29,000
  
1,314,860
  
 
KBR, Inc.
  
17,400
  
325,902
  
 
Shaw Group, Inc.*
  
31,200
  
1,007,448
  
   
   
3,593,768
  
 
Electrical Equipment 0.1%
  
 
GrafTech International Ltd.*
  
14,300
  
179,608
  
 
Hubbell, Inc. "B"
  
2,300
  
99,038
  
   
   
278,646
  
 
Industrial Conglomerates 1.6%
  
 
3M Co.
  
45,200
  
3,638,148
  
 
Tyco International Ltd.*
  
22,000
  
779,460
  
   
   
4,417,608
  
 
Machinery 1.5%
  
 
Cummins, Inc.
  
11,600
  
523,856
  
 
Illinois Tool Works, Inc.
  
18,400
  
802,056
  
 
Ingersoll-Rand PLC
  
9,600
  
311,616
  
 
Navistar International Corp.* (a)
  
24,700
  
913,653
  
 
Oshkosh Corp. (a)
  
36,500
  
1,316,555
  
 
Trinity Industries, Inc. (a)
  
31,400
  
491,096
  
   
   
4,358,832
  
 
Professional Services 0.5%
  
 
Manpower, Inc.
  
26,900
  
1,393,151
  
 
Road & Rail 0.8%
  
 
Con-way, Inc.
  
5,100
  
145,962
  
 
Ryder System, Inc.
  
55,600
  
2,023,840
  
   
   
2,169,802
  
 
Trading Companies & Distributors 0.3%
  
 
MSC Industrial Direct Co., Inc. "A"
  
3,200
  
138,208
  
 
W.W. Grainger, Inc.
  
8,400
  
833,952
  
   
   
972,160
  
 
Information Technology 18.3%
  
 
Communications Equipment 1.2%
  
 
Cisco Systems, Inc.*
  
60,000
  
1,348,200
  
 
Harris Corp.
  
23,300
  
1,000,036
  
 
InterDigital, Inc.*
  
5,200
  
128,908
  
 
QUALCOMM, Inc.
  
23,000
  
901,370
  
   
   
3,378,514
  
 
Computers & Peripherals 5.7%
  
 
Apple, Inc.*
  
22,800
  
4,380,336
  
 
Dell, Inc.*
  
52,000
  
670,800
  
 
Hewlett-Packard Co.
  
24,500
  
1,153,215
  
 
International Business Machines Corp.
  
50,700
  
6,205,173
  
 
NCR Corp.* (a)
  
30,700
  
367,479
  
 
QLogic Corp.*
  
14,100
  
242,379
  
 
Western Digital Corp.*
  
79,800
  
3,031,602
  
   
   
16,050,984
  
 
Electronic Equipment, Instruments & Components 3.7%
  
 
Amphenol Corp. "A"
  
7,200
  
286,848
  
 
Arrow Electronics, Inc.*
  
39,000
  
1,024,530
  
 
Avnet, Inc.*
  
61,300
  
1,620,772
  
 
Flextronics International Ltd.*
  
288,500
  
1,829,090
  
 
Ingram Micro, Inc. "A"*
  
45,300
  
765,570
  
 
Jabil Circuit, Inc.
  
172,100
  
2,492,008
  
 
Tech Data Corp.*
  
27,900
  
1,136,925
  
 
Tyco Electronics Ltd.
  
48,200
  
1,199,216
  
   
   
10,354,959
  
 
Internet Software & Services 1.1%
  
 
Google, Inc. "A"*
  
6,002
  
3,177,579
  
 
IT Services 2.4%
  
 
Accenture PLC "A"
  
58,400
  
2,393,816
  
 
Broadridge Financial Solutions, Inc.
  
10,700
  
232,404
  
 
Cognizant Technology Solutions Corp. "A"*
  
6,700
  
292,522
  
 
Computer Sciences Corp.*
  
46,000
  
2,359,800
  
 
Global Payments, Inc.
  
10,800
  
480,600
  
 
SAIC, Inc.*
  
46,600
  
854,178
  
   
   
6,613,320
  
 
Semiconductors & Semiconductor Equipment 0.7%
  
 
Intel Corp.
  
13,100
  
254,140
  
 
Marvell Technology Group Ltd.*
  
60,400
  
1,052,772
  
 
Texas Instruments, Inc.
  
35,300
  
794,250
  
   
   
2,101,162
  
 
Software 3.5%
  
 
BMC Software, Inc.*
  
2,600
  
100,464
  
 
Check Point Software Technologies Ltd.* (a)
  
18,300
  
585,234
  
 
Microsoft Corp.
  
284,000
  
8,003,120
  
 
Symantec Corp.*
  
67,400
  
1,142,430
  
   
   
9,831,248
  
 
Materials 4.8%
  
 
Chemicals 1.7%
  
 
Ashland, Inc. (a)
  
26,700
  
1,078,947
  
 
Cytec Industries, Inc.
  
5,100
  
190,281
  
 
Eastman Chemical Co.
  
14,800
  
836,644
  
 
Huntsman Corp.
  
55,100
  
671,669
  
 
Lubrizol Corp.
  
23,700
  
1,746,453
  
 
Nalco Holding Co.
  
6,400
  
150,912
  
 
W.R. Grace & Co.*
  
9,500
  
226,860
  
   
   
4,901,766
  
 
Containers & Packaging 0.2%
  
 
Bemis Co., Inc.
  
10,600
  
297,436
  
 
Rock-Tenn Co. "A"
  
4,400
  
187,836
  
   
   
485,272
  
 
Metals & Mining 1.6%
  
 
Freeport-McMoRan Copper & Gold, Inc.
  
35,800
  
2,387,502
  
 
Reliance Steel & Aluminum Co. (a)
  
10,100
  
411,474
  
 
Walter Energy, Inc. (a)
  
24,300
  
1,577,556
  
   
   
4,376,532
  
 
Paper & Forest Products 1.3%
  
 
International Paper Co.
  
140,500
  
3,218,855
  
 
MeadWestvaco Corp.
  
18,400
  
442,888
  
   
   
3,661,743
  
 
Telecommunication Services 2.9%
  
 
Diversified Telecommunication Services
  
 
AT&T, Inc.
  
199,900
  
5,069,464
  
 
Verizon Communications, Inc.
  
102,600
  
3,018,492
  
   
   
8,087,956
  
 
Utilities 1.5%
  
 
Electric Utilities 0.3%
  
 
Edison International
  
21,600
  
719,712
  
 
Exelon Corp.
  
4,500
  
205,290
  
   
   
925,002
  
 
Gas Utilities 0.2%
  
 
ONEOK, Inc.
  
9,900
  
417,681
  
 
Independent Power Producers & Energy Traders 0.6%
  
 
AES Corp.*
  
106,100
  
1,340,043
  
 
Mirant Corp.*
  
7,600
  
106,932
  
 
NRG Energy, Inc.* (a)
  
11,133
  
268,416
  
   
   
1,715,391
  
 
Multi-Utilities 0.4%
  
 
Dominion Resources, Inc. (a)
  
19,700
  
737,962
  
 
NiSource, Inc.
  
26,300
  
374,775
  
   
   
1,112,737
  
   
 
Total Common Stocks (Cost $250,406,006)
  
276,232,602
  
   
 
Principal
Amount ($)
  
Value ($)
  
   
 
Government & Agency Obligation 0.5%
  
 
US Treasury Obligation
    
 
US Treasury Bill, 0.19% **, 3/18/2010 (b) (Cost $1,284,695)
    
1,285,000
  
1,284,941
  
   
 
Shares
  
Value ($)
  
   
 
Securities Lending Collateral 9.8%
  
 
Daily Assets Fund Institutional, 0.17% (c) (d)
(Cost $27,652,378)
    
27,652,378
  
27,652,378
  
   
 
Cash Equivalents 1.9%
  
 
Central Cash Management Fund, 0.17% (c)
(Cost $5,330,212)
    
5,330,212
  
5,330,212
  
   
 
% of
Net Assets
  
Value ($)
  
   
 
Total Investment Portfolio (Cost $284,673,291) †
110.3
  
310,500,133
  
 
Other Assets and Liabilities, Net (a)
(10.3)
  
(29,031,253)
  
   
 
Net Assets
100.0
  
281,468,880
  
 
 
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.
  
 
 
*
Non-income producing security.
  
 
**
Annualized yield at time of purchase; not a coupon rate.
  
 
†
The cost for federal income tax purposes was $288,184,767.  At January 31, 2010, net unrealized appreciation for all securities based on tax cost was $22,315,366.  This consisted of aggregate gross unrealized appreciation for all securities in which there was an excess of value over tax cost of $34,095,288 and aggregate gross unrealized depreciation for all securities in which there was an excess of tax cost over value of $11,779,922.
  
 
(a)
All or a portion of these securities were on loan amounting to $25,903,547.  In addition, included in other assets and liabilities, net is a pending sale, amounting to $635,618, that is also on loan. The value of all securities loaned at January 31, 2010 amounted to $26,539,165 which is 9.4% of net assets.
  
 
(b)
At January 31, 2010, this security has been pledged, in whole or in part, to cover initial margin requirements for open futures contracts.
  
 
(c)
Affiliated fund managed by Deutsche Investment Management Americas Inc.  The rate shown is the annualized seven-day yield at period end.
  
 
(d)
Represents collateral held in connection with securities lending.  Income earned by the Fund is net of borrower rebates.
  
 
 
ADR: American Depositary Receipt
  
 
REIT: Real Estate Investment Trust
  
 
 
At January 31, 2010, open futures contracts purchased were as follows:
 
  
 
Futures
  
Currency
  
Expiration
Date
  
Contracts
  
Notional
Value ($)
  
Unrealized
Depreciation ($)
  
   
 
S&P E-Mini 500 Index
  
USD
  
3/19/2010
            
105
  
5,619,600
  
(266,659)
    
Currency Abbreviation
                  
USD
United States Dollar
                  


 

Fair Value Measurements

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in three broad levels. Level 1 includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of January 31, 2010 in valuing the Fund's investments.

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets
                  
Common Stocks(e)
   $ 276,232,602     $ —     $ —     $ 276,232,602  
Short-Term Investments(e)
     32,982,590       1,284,941       —       34,267,531  
Total
   $ 309,215,192     $ 1,284,941     $ —     $ 310,500,133  
Liabilities
                                
Derivatives(f)
   $ (266,659 )   $ —     $ —     $ (266,659 )
Total
   $ (266,659 )   $ —     $ —     $ (266,659 )
 
 
(e)
See Investment Portfolio for additional detailed categorizations.
  
 
(f)
Derivatives include unrealized appreciation (depreciation) on open future contracts.
  
 

 
Derivatives

The following table presents, by major type of derivative contract, the unrealized appreciation (depreciation) of the Fund's derivative instruments as of January 31, 2010 categorized by the primary underlying risk exposure. 

 
 
Primary Underlying Risk Disclosure
Futures
Equity Contracts
  $   (266,659)


 
 
 
ITEM 2.
CONTROLS AND PROCEDURES
   
 
(a)    The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.
   
 
(b)    There have been no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal controls over financial reporting.
   
ITEM 3.
EXHIBITS
   
 
Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.


 


 
SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Registrant:
DWS Blue Chip Fund
   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
March 25, 2010


Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

Registrant:
DWS Blue Chip Fund
   
By:
/s/Michael G. Clark
Michael G. Clark
President
   
Date:
March 25, 2010
   
   
   
By:
/s/Paul Schubert
Paul Schubert
Chief Financial Officer and Treasurer
   
Date:
March 25, 2010