-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VR3V9kHcM5sv8wJv41CBlLIhSUannTvorDCovL0NqAJMsEWNoXAx1eIi44aH48ZW apHvyqzedlLMi9wgmD0/Vg== 0000088053-08-000588.txt : 20080606 0000088053-08-000588.hdr.sgml : 20080606 20080606165532 ACCESSION NUMBER: 0000088053-08-000588 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20080606 DATE AS OF CHANGE: 20080606 EFFECTIVENESS DATE: 20080606 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS TARGET FUND CENTRAL INDEX KEY: 0000854905 IRS NUMBER: 000000000 FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-30876 FILM NUMBER: 08886259 BUSINESS ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 BUSINESS PHONE: 212-454-6778 MAIL ADDRESS: STREET 1: 345 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10154-0004 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER TARGET FUND DATE OF NAME CHANGE: 20020220 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER TARGET EQUITY FUND DATE OF NAME CHANGE: 20010625 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER TARGET EQUITY FUND DATE OF NAME CHANGE: 19940912 0000854905 S000017805 DWS LifeCompass Protect Fund C000049324 Class A C000049325 Class C C000049326 Class S C000049327 Institutional Class 497 1 sp060608tf_lcpf.txt PROSPECTUS STICKER SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES ----------------- DWS LifeCompass Protect Fund The following information replaces similar disclosure in the "Other Policies and Information and Secondary Risks -- Additional Information about the Financial Warranty" section of the prospectuses: Warranty Provider. The Warranty Provider is Merrill Lynch Bank USA, an industrial bank licensed pursuant to the laws of the State of Utah with a principal place of business in Salt Lake City, Utah. As of June 6, 2008, the long-term unsecured debt obligations of the Warranty Provider had received a credit rating of "A1" from Moody's, "A+" from Fitch and "A+" from Standard & Poor's, each a nationally recognized statistical rating organization. Standard & Poor's current rating of "A+" is a downgrade from its initial rating of the Warranty Provider of "AA-" that Standard & Poor's issued in March 2008. Under the Warranty Agreement, the fund will pay to the Warranty Provider a fee at an annual rate equal to 0.57% of the average daily net assets of the fund. In the event that the fund becomes completely and irreversibly invested in the Reserve Component, the fee payable to the Warranty Provider will be reduced to an annual rate of 0.30% of the fund's average daily net assets. The Warranty Provider has not participated in the organization of the fund. The Warranty Provider makes no representation regarding the advisability of an investment in the fund. Additional information about the Warranty Provider can be found in the Statement of Additional Information. The fund will provide you with a copy of the most recent financial reports of the Warranty Provider, free of charge, upon request. To receive a copy of these reports please contact the fund at the telephone number or write to the fund at the address shown on the outside back cover of this prospectus. Please Retain This Supplement for Future Reference [Logo]DWS SCUDDER Deutsche Bank Group June 6, 2008 DLCPF-3601 -----END PRIVACY-ENHANCED MESSAGE-----