-----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, I8w4tfJNiMUBBqXYFXEx/xS8RG3NXru5ew5hXE6f1s5gt9luX1yekWfxXgC3/gsJ WNAioWFRS7LSyaTalJ/1sA== 0000088053-08-000587.txt : 20080606 0000088053-08-000587.hdr.sgml : 20080606 20080606161025 ACCESSION NUMBER: 0000088053-08-000587 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 ADVISOR FUNDS CENTRAL INDEX KEY: 0000797657 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-07404 FILM NUMBER: 08885885 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 ADVISOR FUNDS DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: BT INVESTMENT FUNDS DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: BT TAX FREE INVESTMENT TRUST DATE OF NAME CHANGE: 19880530 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS VALUE EQUITY TRUST CENTRAL INDEX KEY: 0000088051 IRS NUMBER: 132578688 FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-78724 FILM NUMBER: 08885886 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: VALUE EQUITY TRUST DATE OF NAME CHANGE: 19980605 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER EQUITY TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER CAPITAL GROWTH FUND INC DATE OF NAME CHANGE: 19880411 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS VALUE BUILDER FUND, INC. CENTRAL INDEX KEY: 0000885111 IRS NUMBER: 521772203 STATE OF INCORPORATION: MD FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-46279 FILM NUMBER: 08885887 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: DWS VALUE BUILDER FUND DATE OF NAME CHANGE: 20060207 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER FLAG INVESTORS VALUE BUILDER FUND INC DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS VALUE BUILDER FUND INC DATE OF NAME CHANGE: 19920929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INVESTORS FUNDS, INC. CENTRAL INDEX KEY: 0001039826 IRS NUMBER: 232905982 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-07008 FILM NUMBER: 08885888 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 INVESTORS FUNDS INC DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE INVESTORS FUNDS INC DATE OF NAME CHANGE: 20010503 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS FUNDS INC DATE OF NAME CHANGE: 20000118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INVESTMENT TRUST CENTRAL INDEX KEY: 0000088064 IRS NUMBER: 042212654 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13628 FILM NUMBER: 08885889 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: INVESTMENT TRUST DATE OF NAME CHANGE: 19980529 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER GROWTH & INCOME FUND DATE OF NAME CHANGE: 19910402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INTERNATIONAL FUND, INC. CENTRAL INDEX KEY: 0000088053 IRS NUMBER: 132827803 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-14400 FILM NUMBER: 08885890 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 INTERNATIONAL FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INTERNATIONAL INVESTMENTS LTD DATE OF NAME CHANGE: 19761203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DWS INSTITUTIONAL FUNDS CENTRAL INDEX KEY: 0000862157 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-34079 FILM NUMBER: 08885891 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 INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 20030519 FORMER COMPANY: FORMER CONFORMED NAME: BT INSTITUTIONAL FUNDS DATE OF NAME CHANGE: 19920703 0000088051 S000006158 DWS Equity Income Fund C000016978 Class A SDDAX C000016979 Class B SDDBX C000016980 Class C SDDCX C000016981 Class S SDDSX C000016982 Institutional Class SDDGX 0000088053 S000006031 DWS Latin America Equity Fund C000016574 Class A SLANX C000016576 Class B SLAOX C000016577 Class C SLAPX C000016579 Class S SLAFX 0000088064 S000005708 DWS S&P 500 Index Fund C000015691 Class A SXPAX C000015693 Class B SXPBX C000015694 Class C SXPCX C000015695 Class S SCPIX 0000797657 S000005729 DWS Mid Cap Growth Fund C000015728 Class A SMCAX C000015730 Class B SMCBX C000015731 Class C SMCCX C000015733 Class S SMCSX C000015734 Institutional Class BTEAX 0000797657 S000005731 DWS Small Cap Growth Fund C000015737 Class A SSDAX C000015739 Class B SSDBX C000015740 Class C SSDCX C000015742 Class S SSDSX C000015743 Institutional Class SSDIX 0000862157 S000005959 DWS Equity 500 Index Fund C000016413 Class S BTIEX C000016414 Institutional Class BTIIX 0000862157 S000005961 DWS Commodity Securities Fund C000016416 Class A SKNRX C000016417 Class B SKBRX C000016418 Class C SKCRX C000016419 Class S SKSRX C000016420 Institutional Class SKIRX 0000862157 S000012410 DWS EAFE Equity Index Fund C000033661 Institutional Class 0000862157 S000012411 DWS U.S. Bond Index Fund C000033662 Institutional Class 0000885111 S000005940 DWS Value Builder Fund C000016377 Class A FLVBX C000016378 Class B FVBBX C000016379 Class C FVBCX C000016380 Institutional Class FLIVX 0001039826 S000006054 DWS Japan Equity Fund C000016623 Class A FJEAX C000016624 Class B FJEBX C000016625 Class C FJECX C000016626 Class S FJESX 497 1 ss060608multi.txt SAI STICKER Supplement to the currently effective Statements of Additional Information ("SAIs") for the below-listed funds. DWS Commodity Securities Fund DWS Mid Cap Growth Fund DWS EAFE(R) Equity Index Fund DWS Small Cap Growth Fund DWS Equity 500 Index Fund DWS S&P 500 Index Fund DWS Equity Income Fund DWS U.S. Bond Index Fund DWS Japan Equity Fund DWS Value Builder Fund DWS Latin America Equity Fund All references to securities lending practices in the Statements of Additional Information are hereby revised to reflect the Board's approval of securities lending by the Fund in an amount equal to 33 1/3% of its total assets. Further, the following additional changes are hereby made to each Statement of Additional Information. The following replaces similar language or supplements the non-fundamental investment restrictions of the fund relating to securities lending: As a matter of non-fundamental policy, the Fund currently does not intend to lend portfolio securities in an amount greater than 33 1/3% of its total assets. The following supplements or replaces related disclosure in the "Investment Policies and Techniques" section of the fund's Statements of Additional Information: Lending of Portfolio Securities. The Fund may lend its investment securities to approved institutional borrowers who need to borrow securities in order to complete certain transactions, such as covering short sales, avoiding failures to deliver securities or completing arbitrage operations. By lending its investment securities, the Fund attempts to increase its net investment income through the receipt of interest on the loan. Any gain or loss in the market price of the securities loaned that might occur during the term of the loan would belong to the Fund. The Fund may lend its investment securities so long as the terms, structure and the aggregate amount of such loans are not inconsistent with the 1940 Act or the rules and regulations or interpretations of the SEC thereunder, which currently require, among other things, that (a) the borrower pledge and maintain with the Fund collateral consisting of liquid, unencumbered assets having a value at all times not less than 100% of the value of the securities loaned, (b) the borrower add to such collateral whenever the price of the securities loaned rises (i.e., the borrower "marks to the market" on a daily basis), (c) the loan be made subject to termination by the Fund at any time, and (d) the Fund receives reasonable interest on the loan (which may include the Fund investing any cash collateral in interest bearing short-term investments), and distributions on the loaned securities and any increase in their market value. There may be risks of delay in recovery of the securities or even loss of rights in the collateral should the borrower of the securities fail financially. However, loans will be made only to borrowers selected by the Fund's delegate after a commercially reasonable review of relevant facts and circumstances, including the creditworthiness of the borrower. The Fund may pay negotiated fees in connection with loaned securities, pursuant to written contracts. In addition, voting rights may pass with the loaned securities, but if a material event occurs affecting an investment on loan, the loan must be called and the securities voted. Pursuant to an exemptive order granted by the SEC, cash collateral received by the Fund may be invested in a money market fund managed by the Advisor (or one of its affiliates). Please Retain This Supplement for Future Reference June 6, 2008 -----END PRIVACY-ENHANCED MESSAGE-----