X0101 EFFECT 33 LIVE 2006-08-15

N-14

0000825062 DWS VALUE SERIES, INC 333-135628 0000825062 DWS VALUE SERIES, INC S000006146 DWS Dreman High Return Equity Fund C000016932 Class A 0001052427 DWS EQUITY TRUST S000005769 DWS Dreman Financial Services Fund C000015851 Class A 0000825062 DWS VALUE SERIES, INC S000006146 DWS Dreman High Return Equity Fund C000016933 Class B 0001052427 DWS EQUITY TRUST S000005769 DWS Dreman Financial Services Fund C000015852 Class B 0000825062 DWS VALUE SERIES, INC S000006146 DWS Dreman High Return Equity Fund C000016934 Class C 0001052427 DWS EQUITY TRUST S000005769 DWS Dreman Financial Services Fund C000015853 Class C