SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* Western Investment Activism Partners LLC (Last) (First) (Middle) 7050 S. UNION PARK CENTER SUITE 590 (Street) MIDVALE UT 84047 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 07/07/2010	3. Issuer Name and Ticker or Trading Symbol DWS RREEF WORLD REAL ESTATE FUND, INC. [ DRP ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, par value $0.01(1)	500	D(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person is a member of a Section 13(d) group with respect to the securities of the Issuer that beneficially owns in excess of 10% of the Issuer's outstanding Shares. As a member of the group, the Reporting Person may be deemed to beneficially own the securities of the Issuer beneficially owned by the other members of the group. The Reporting Person disclaims beneficial ownership of such securities except to the extent its pecuniary interest therein.

2. Shares owned directly by Western Investment Activism Partners LLC ("WIAP"). As the managing member of WIAP, Western Investment LLC ("WILLC") may be deemed to beneficially own the Shares owned by WIAP. As the managing member of WILLC, Arthur D. Lipson may be deemed to beneficially own the Shares owned by WIAP. Mr. Lipson and WILLC disclaim beneficial ownership of such Shares except to the extent of his or its pecuniary interest therein.

	By: Western Investment Activism Partners LLC, By: Western Investment LLC, Managing Member, By: /s/ Arthur D. Lipson, Managing Member	07/09/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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