SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
LIPSON ARTHUR D

(Last) (First) (Middle)
7050 S. UNION PARK CENTER
SUITE 590

(Street)
MIDVALE UT 84047

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
DWS ENHANCED COMMODITY STRATEGY FUND, INC. [ GCS ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
08/23/2010
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01(1) 08/23/2010 J(2) 19,275 D(2) (2) 0 D
Common Stock, par value $0.01(1) 08/23/2010 J(2) 530,328 D(2) (2) 0 I By Western Investment Activism Partners
Common Stock, par value $0.01(1) 08/23/2010 J(2) 530,570 D(2) (2) 0 I By Western Investment Hedged Partners
Common Stock, par value $0.01(1) 08/23/2010 J(2) 1,337.24 D(2) (2) 0 I By Western Investment LLC
Common Stock, par value $0.01(1) 08/23/2010 J(2) 529,909 D(2) (2) 0 I By Western Investment Total Return Fund
Common Stock, par value $0.01(1) 08/23/2010 J(2) 531,032 D(2) (2) 0 I By Western Investment Total Return Ptnrs
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
LIPSON ARTHUR D

(Last) (First) (Middle)
7050 S. UNION PARK CENTER
SUITE 590

(Street)
MIDVALE UT 84047

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
WESTERN INVESTMENT LLC

(Last) (First) (Middle)
7050 S. UNION PARK CENTER, SUITE 590

(Street)
MIDVALE UT 84047

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
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)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Western Investment Hedged Partners L.P.

(Last) (First) (Middle)
7050 S. UNION PARK CENTER
SUITE 590

(Street)
MIDVALE UT 84047

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Western Investment Total Return Partners L.P.

(Last) (First) (Middle)
7050 S. UNION PARK CENTER
SUITE 590

(Street)
MIDVALE UT 84047

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Western Investment Total Return Fund Ltd.

(Last) (First) (Middle)
P.O. BOX 31910, DMS HOUSE,
20 GENESIS CLOSE,

(Street)
GRAND CAYMAN E9 KY1-1208

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. This Form 4 is filed jointly by Western Investment LLC, Western Investment Activism Partners LLC, Western Investment Hedged Partners L.P., Western Investment Total Return Fund Ltd., Western Investment Total Return Partners L.P. and Arthur D. Lipson (collectively, the "Reporting Persons"). The Reporting Persons are members of a Section 13(d) group with respect to the securities of the Issuer.
2. Effective August 23, 2010, the Issuer merged into DWS Enhanced Commodity Strategy Fund ("DWS Enhanced Commodity Strategy Open-End Fund"), a series of DWS Institutional Funds, an open-end investment company. On the closing of the merger, shareholders of the Issuer received class M shares of DWS Enhanced Commodity Strategy Open-End Fund at a conversion ratio of 2.44 per 1 share of the Issuer.
By:/s/ Lipson, Arthur D. 08/25/2010
By: Western Investment Hedged Partners L.P., By: Western Investment LLC, General Partner, By: /s/ Arthur D. Lipson, Managing Member 08/25/2010
By: Western Investment LLC, By: /s/ Arthur D. Lipson, Managing Member 08/25/2010
By: Western Investment Total Return Partners L.P., By: Western Investment LLC, General Partner, By: /s/ Arthur D. Lipson, Managing Member 08/25/2010
By: Western Investment Total Return Fund Ltd., By: Western Investment LLC, Investment Manager, By: /s/ Arthur D. Lipson, Managing Member 08/25/2010
By: Western Investment Activism Partners LLC, By: Western Investment LLC, Managing Member, By: /s/ Arthur D. Lipson, Managing Member 08/25/2010
** 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 4 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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