497 1 ss032709dmf3939.txt SAI STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE STATEMENTS OF ADDITIONAL INFORMATION FOR CLASS A SHARES OF THE FUNDS LISTED BELOW: --------------------- DWS Alternative Asset Allocation Plus Fund DWS Gold & Precious Metals Fund DWS Money Market Prime Series - DWS Cash DWS Balanced Fund DWS Growth & Income Fund Investment Trust DWS Blue Chip Fund DWS Health Care Fund DWS New York Tax-Free Income Fund DWS California Tax-Free Income Fund DWS High Income Fund DWS RREEF Global Infrastructure Fund DWS Capital Growth Fund DWS High Income Plus Fund DWS RREEF Global Real Estate Securities DWS Climate Change Fund DWS Inflation Protected Plus Fund Fund DWS Commodity Securities Fund DWS Intermediate Tax/AMT Free Fund DWS RREEF Real Estate Securities Fund DWS Communications Fund DWS International Fund DWS S&P 500 Index Fund DWS Core Fixed Income Fund DWS International Select Equity Fund DWS S&P 500 Plus Fund DWS Core Plus Allocation Fund DWS International Value Opportunities DWS Select Alternative Allocation Fund DWS Core Plus Income Fund Fund DWS Short Duration Fund DWS Disciplined Long/Short Growth Fund DWS Japan Equity Fund DWS Short Duration Plus Fund DWS Disciplined Long/Short Value Fund DWS Large Cap Value Fund DWS Short Term Municipal Bond Fund DWS Disciplined Market Neutral Fund DWS Large Company Growth Fund DWS Small Cap Core Fund DWS Dreman Concentrated Value Fund DWS Latin America Equity Fund DWS Small Cap Growth Fund DWS Dreman High Return Equity Fund DWS LifeCompass 2015 Fund DWS Strategic Government Securities Fund DWS Dreman Mid Cap Value Fund DWS LifeCompass 2020 Fund DWS Strategic High Yield Tax-Free Fund DWS Dreman Small Cap Value Fund DWS LifeCompass 2030 Fund DWS Strategic Income Fund DWS Emerging Markets Equity Fund DWS LifeCompass 2040 Fund DWS Technology Fund DWS Emerging Markets Fixed Income Fund DWS LifeCompass Protect 2017 Fund DWS US Bond Index Fund DWS Equity Income Fund DWS LifeCompass Retirement Fund DWS Value Builder Fund DWS Europe Equity Fund DWS Managed Municipal Bond Fund DWS Floating Rate Plus Fund DWS Massachusetts Tax-Free Fund DWS Global Bond Fund DWS Micro Cap Fund DWS Global Opportunities Fund DWS Mid Cap Growth Fund DWS Global Thematic Fund DWS GNMA Fund
The following information supplements disclosure in the "Exchanges" subsection under the "Purchase and Redemption of Shares" section of each fund's Statement of Additional Information: Class A to Class S in the Same Fund Exchange Privilege. Effective May 1, 2009, investors who have invested in Class A shares through a comprehensive or "wrap" fee program, or other fee-based program sponsored by a broker-dealer, bank or registered investment adviser may become eligible to invest in Class S shares. Subject to the discretion of DWS Investments Distributors, Inc., such shareholders may exchange their Class A shares for Class S shares of equal aggregate value of the same fund. No sales charge or other charges will apply to any such exchanges. Investors should contact their selling and/or servicing agents to learn more about the details of this exchange feature. Please Retain This Supplement for Future Reference March 27, 2009