497 1 sp061207mega.txt PROSPECTUS STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES OF EACH OF THE LISTED FUNDS/PORTFOLIOS: --------------- Cash Account Trust: DWS Enhanced S&P 500 DWS Lifecycle Long Government & Agency Index Fund Range Fund Securities Portfolio DWS Equity 500 Index DWS Managed Municipal Money Market Portfolio Fund Bond Fund Tax-Exempt Portfolio DWS Equity Income Fund DWS Massachusetts Cash Management Fund DWS Equity Partners Fund Tax-Free Fund Institutional DWS Europe Equity Fund DWS Micro Cap Fund Cash Reserve Fund, Inc.: DWS Global Bond Fund DWS Mid Cap Growth Fund Prime Series DWS Global DWS Moderate Allocation Cash Reserves Fund Opportunities Fund Fund Institutional DWS Global Thematic Fund DWS Money Market Prime DWS Balanced Fund DWS GNMA Fund Series DWS Blue Chip Fund DWS Gold & Precious DWS Money Market Series DWS California Tax-Free Metals Fund DWS New York Tax-Free Income Fund DWS Growth & Income Fund Income Fund DWS Capital Growth Fund DWS Growth Allocation DWS RREEF Global Real DWS Commodity Securities Fund Estate Securities Fund Fund DWS Growth Plus DWS RREEF Real Estate DWS Communications Fund Allocation Fund Securities Fund DWS Conservative DWS Health Care Fund DWS S&P 500 Index Fund Allocation Fund DWS High Income Fund DWS Short Duration Fund DWS Core Fixed Income DWS High Income Plus DWS Short Duration Plus Fund Fund Fund DWS Core Plus Allocation DWS High Yield Tax Free DWS Short-Term Fund Fund Municipal Bond Fund DWS Core Plus Income Fund DWS Inflation Protected DWS Small Cap Core Fund DWS Disciplined Plus Fund DWS Small Cap Growth Long/Short Growth Fund DWS Intermediate Fund DWS Disciplined Tax/AMT Free Fund DWS Small Cap Value Fund Long/Short Value Fund DWS International DWS Strategic Income DWS Disciplined Market Equity Fund Fund Neutral Fund DWS International Fund DWS Technology Fund DWS Dreman Concentrated DWS International DWS U.S. Bond Index Fund Value Fund Select Equity Fund DWS U.S. Government DWS Dreman High Return DWS International Value Securities Fund Equity Fund Opportunities Fund DWS Value Builder Fund DWS Dreman Mid Cap Value DWS Japan Equity Fund Investors Cash Trust: Fund DWS Large Cap Value Fund Treasury Portfolio DWS Dreman Small Cap DWS Large Company NY Tax Free Money Fund Value Fund Growth Fund Tax-Exempt California DWS EAFE(R) Equity Index DWS Latin America Money Market Fund Fund Equity Fund DWS Emerging Markets Equity Fund DWS Emerging Markets Fixed Income Fund -------------------------------------------------------------------------------- Effective for all purchases July 31, 2007 and after, the following information replaces similar disclosure under "Policies about transactions" in the "Policies You Should Know About" section of each fund's/portfolio's prospectuses: Each fund accepts payment for shares only in US dollars by check, bank or Federal Funds wire transfer or by electronic bank transfer. Please note that a fund does not accept cash, money orders, traveler's checks, starter checks, third party checks (except checks for retirement plan asset transfers and rollovers or for Uniform Gift to Minors Act/Uniform Transfers to Minors Act accounts), checks drawn on foreign banks or checks issued by credit card companies or Internet-based companies. Thus, subject to the foregoing exceptions for certain third party checks, checks that are otherwise permissible must be drawn by the account holder on a domestic bank and must be payable to the fund. June 12, 2007 DMF-3645 [Logo]DWS SCUDDER Deutsche Bank Group Cash Account Trust: DWS Europe Equity Fund DWS Massachusetts Tax-Exempt Portfolio: DWS Global Bond Fund Tax-Free Fund - DWS Tax Free Money DWS Global Opportunities DWS Micro Cap Fund Fund Class S Fund DWS Mid Cap Growth Fund DWS Balanced Fund DWS Global Thematic Fund DWS Moderate Allocation DWS Blue Chip Fund DWS GNMA Fund Fund DWS California Tax-Free DWS Gold & Precious DWS Money Market Prime Income Fund Metals Fund Series: DWS Capital Growth Fund DWS Growth & Income Fund DWS Cash Investment DWS Commodity Securities DWS Growth Allocation Fund Trust Class S Fund DWS Growth Plus DWS Money Market Series DWS Conservative Allocation Fund DWS New York Tax-Free Allocation Fund DWS Health Care Fund Income Fund DWS Core Fixed Income Fund DWS High Income Plus Fund DWS RREEF Global Real DWS Core Plus Allocation DWS High Yield Tax Free Estate Securities Fund Fund Fund DWS RREEF Real Estate DWS Core Plus Income Fund DWS Inflation Protected Securities Fund DWS Disciplined Long/Short Plus Fund DWS S&P 500 Index Fund Growth Fund DWS Intermediate Tax/AMT DWS Short Duration Fund DWS Disciplined Long/Short Free Fund DWS Short Duration Plus Value Fund DWS International Equity Fund DWS Disciplined Market Fund DWS Short-Term Municipal Neutral Fund DWS International Fund Bond Fund DWS Dreman High Return DWS International Select DWS Small Cap Core Fund Equity Fund Equity Fund DWS Small Cap Growth Fund DWS Dreman Mid Cap Value DWS International Value DWS Small Cap Value Fund Fund Opportunities Fund DWS Strategic Income Fund DWS Dreman Small Cap Value DWS Japan Equity Fund DWS Technology Fund Fund DWS Large Cap Value Fund DWS U.S. Government DWS Emerging Markets DWS Large Company Growth Securities Fund Equity Fund Fund Investors Cash Trust: DWS Emerging Markets Fixed DWS Latin America Equity Treasury Portfolio: Income Fund Fund - DWS U.S. Treasury DWS Enhanced S&P 500 Index DWS Lifecycle Long Range Money Fund Class S Fund Fund DWS Equity Income Fund DWS Managed Municipal DWS Equity 500 Index Fund Bond Fund -------------------------------------------------------------------------------- The following information supplements disclosure under "Policies about transactions" in the "Policies You Should Know About" section of each fund's/portfolio's Class S prospectus: Because of the high cost of servicing accounts with low balances, beginning on or about September 15, 2007 (and each quarter thereafter), an account maintenance fee of $6.25 per quarter (for a $25 annual fee) will be assessed on accounts whose balances fail to meet the minimum initial investment requirement for a period of 90 days prior to the assessment date. The quarterly assessment will occur on or about the 15th of the last month in each calendar quarter. Please note that the fee will be assessed on accounts that fall below the minimum for any reason, including due to market value fluctuations, redemptions or exchanges. The account maintenance fee will apply to all shareholders of the DWS Funds except for: accounts with an automatic investment plan, accounts held in an omnibus account through a financial services firm, accounts maintained on behalf of participants in certain fee based and wrap programs offered through certain financial intermediaries approved by the Advisor, participant level accounts in group retirement plans held on the records of a retirement plan record keeper, or accounts maintained on behalf of trustees, directors, officers or employees of a fund or the Advisor and its affiliates. Please Retain This Supplement for Future Reference [Logo]DWS SCUDDER Deutsche Bank Group June 12, 2007 DMF-3645