UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number			811-7170
TCW Funds, Inc.
(Exact name of registrant as specified in charter)
865 South Figueroa Street, Suite 1800, Los Angeles, CA					90017
(Address of principal executive offices)					(Zip code)
Philip K. Holl, Esq. Secretary 865 South Figueroa Street, Suite 1800 Los Angeles, CA 90017
(Name and address of agent for service)
Registrant’s telephone number, including area code:				(213) 244-0000
Date of fiscal year end:	October 31
Date of reporting period:		April 30, 2007

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270.30e-1).  The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public.  A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number.  Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609.  The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Report to Stockholders. The Semi-Annual Report for the period November 1, 2006 through April 30, 2007 is filed herewith.

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TCW INTERNATIONAL AND

GLOBAL FUNDS

SEMI-ANNUAL REPORT

APRIL 30, 2007

Where experts invest.

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Table of Contents	April 30, 2007
Letter to Shareholders		1
Performance Summary		2
Schedules of Investments:
TCW Asia Pacific Equities Fund		3
TCW Emerging Markets Equities Fund		7
TCW Emerging Markets Income Fund		13
TCW Global Equities Fund		17
Statements of Assets and Liabilities		23
Statements of Operations		24
Statements of Changes in Net Assets		25
Notes to Financial Statements		27
Financial Highlights		35
Shareholder Expenses		41
Proxy Voting Guidelines and Availability of Quarterly Portfolio Schedule		42

(THIS PAGE INTENTIONALLY LEFT BLANK)

INTERNATIONAL AND GLOBAL FUNDS

To Our Valued Shareholders

We are pleased to submit the April 30, 2007 semi-annual reports for the TCW Funds, Inc. These reports contain detailed information outlining the performance of our various funds and a listing of the portfolio securities as of April 30, 2007.

The Fund Family has added several new funds which use a multi-strategy approach to aid you in attaining your investment objectives. The TCW Balanced Fund is a traditional balanced strategy utilizing equity and fixed income securities and it is managed by two of our award winning portfolio managers, Diane Jaffee and Jeffrey Gundlach. Our TCW LifePlan Funds feature four asset allocation strategies with investment risk profiles ranging from conservative to globally aggressive. Good asset allocation is about making your life easier and ensuring that your assets grow over time. The TCW LifePlan Funds have been specifically designed with an eye toward simplicity. Now you can gain ownership in some of TCW's best mutual funds through one simple investment.

In January of this year, Morningstar honored the TCW Total Return Bond Fund and its portfolio management team, led by Jeffrey Gundlach, with its 2006 Fixed Income Manager of the Year Award. We are quite proud of this achievement and applaud Jeffrey and his team for their outstanding effort in managing the fund.

The TCW Funds, Inc. continues to provide our shareholders with innovative investment strategies featuring competitive expense ratios. On behalf of the Board and everyone at TCW, I would like to thank you for your continued support. As always, we look forward to assisting you in reaching your financial goals. If you have any questions or require any further information on the TCW Funds, Inc., I invite you to visit our web site at www.tcwfunds.com or call our shareholder services department at 1-800-FUND-TCW (1-800-386-3829).

Sincerely,

Alvin R. Albe, Jr.
President and Chief Executive Officer

May 31, 2007

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INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Performance Summary (Unaudited) April 30, 2007

			Total Return Annualized As of April 30, 2007
	NAV		1-Year			5-Year			10-Year			Since Inception			Inception Date
TCW Asia Pacific Equities Fund — I Class	$	13.90		21.44	%		15.99	%		8.20	%		10.35	% (1)	04/01/93 (2)
TCW Emerging Markets Equities Fund — I Class	$	18.83		11.27	%		20.76	%		8.17	%		8.57	% (1)	06/01/93 (2)
TCW Emerging Markets Income Fund — I Class	$	7.81		9.44	%		13.48	%		10.37	% (1)		11.20	% (1)	09/04/96 (2)
TCW Emerging Markets Income Fund — N Class	$	9.85		9.48	%		N/A			N/A			9.74	%	03/01/04
TCW Global Equities Fund — I Class	$	14.89		13.93	%		11.99	%		6.27	% (1)		6.06	% (1)	12/01/93 (2)
TCW Global Equities Fund — N Class	$	14.89		13.67	%		N/A			N/A			21.27	%	02/01/03

(1)  Performance data includes the performance of the predecessor limited partnership for periods before the TCW Funds' registration became effective. The predecessor limited partnership was not registered under the Investment Company Act of 1940, as amended (the "1940 Act"), and, therefore, was not subject to certain investment restrictions that are imposed by the 1940 Act. If the limited partnership had been registered under the 1940 Act, the limited partnership's performance may have been lower.

(2)  Inception date of the predecessor limited partnership.

2

INTERNATIONAL AND GLOBAL FUNDS

TCW Asia Pacific Equities Fund

Schedule of Investments (Unaudited) April 30, 2007

Number of Shares		Equity Securities	Value
		Common Stock
		China (9.2% of Net Assets)
	74,000	China Communications Construction Company, Limited, Class H	$	97,074	*
	329,000	China Life Insurance Company, Limited, Class H		1,015,112
	120,000	China Merchants Bank Company, Limited, Class H		292,075	*
	788,000	PetroChina Company, Limited, Class H		885,004
	362,500	Zijin Mining Group Company, Limited		209,999
		Total China (Cost: $1,382,011)		2,499,264
		Hong Kong (20.6%)
	56,000	Cheung Kong Holdings, Limited		725,598
	90,000	China Mengniu Dairy Company, Limited		272,913
	159,000	China Mobile, Limited		1,432,330
	332,500	China Overseas Land & Investment, Limited		403,347
	320,000	EganaGoldpfeil (Holdings), Limited		231,580
	42,000	Esprit Holdings, Limited		509,105
	16,800	Hong Kong Aircraft Engineering Company, Limited		258,067
	26,000	Hong Kong Exchanges & Clearing, Limited		250,484
	53,500	HongKong Electric Holdings, Limited		267,709
	94,000	Kerry Properties, Limited		469,738
	113,000	Sino Land Company		237,023
	44,000	Wing Hang Bank, Limited		525,224
		Total Hong Kong (Cost: $3,803,589)		5,583,118
		Indonesia (2.5%)
	342,000	PT Telekomunikasi Indonesia Tbk		391,224
	340,000	PT United Tractors Tbk		292,395
		Total Indonesia (Cost: $416,086)		683,619
		Malaysia (7.7%)
	138,000	Bumiputra-Commerce Holdings BHD		432,717
	130,000	Gamuda BHD		297,107
	199,500	Genting BHD		493,351
	63,500	IOI Corporation BHD		465,808
	100,000	KNM Group BHD		409,820
		Total Malaysia (Cost: $1,383,204)		2,098,803
		Philippines (1.8%)
	746,200	Ayala Land, Incorporated		270,872
	4,150	Philippine Long Distance Telephone Company		220,138
		Total Philippines (Cost: $386,058)		491,010
		Singapore (10.7%)
	102,000	Capitaland, Limited		564,019
	200,000	Cosco Corporation Singapore, Limited		369,475	*
	30,000	Keppel Corporation, Limited		419,148
	59,000	Keppel Land, Limited		340,598

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Asia Pacific Equities Fund

Schedule of Investments (Unaudited) (Continued)

Number of Shares		Equity Securities	Value
		Singapore (Continued)
	43,000	Singapore Exchange, Limited	$	206,060
	49,000	United Overseas Bank, Limited		684,790	*
	105,000	UOL Group, Limited		331,567
		Total Singapore (Cost: $1,632,253)		2,915,657
		South Korea (25.1%)
	9,630	Daewoo Shipbuilding & Marine Engineering Company, Limited		388,812	*
	3,030	Hyundai Engineering & Construction Company, Limited		180,383	*
	3,610	Hyundai Heavy Industries Company, Limited		910,091
	3,560	Hyundai Motor Company		225,252
	6,710	Kookmin Bank		600,736
	4,680	Korea Electric Power Corporation		190,930	*
	2,990	KT&G Corporation		215,033
	1,310	Megastudy Company, Limited		221,145	*
	2,940	NHN Corporation		460,062	*
	1,977	Pohang Iron & Steel Company, Limited		829,446
	2,030	Samsung Electronics Company, Limited		1,241,999
	1,770	Samsung Fire & Marine Insurance Company, Limited		313,890
	4,510	Shinhan Financial Group Company, Limited		254,004
	403	Shinsegae Company, Limited		274,329
	1,800	SK Corporation		196,152
	12,510	Woori Finance Holdings Company, Limited		311,327
		Total South Korea (Cost: $4,875,412)		6,813,591
		Taiwan (18.2%)
	165,000	Acer, Incorporated		313,026
	27,955	Catcher Technology Company, Limited		213,205
	182,960	Cathay Financial Holding Company, Limited		370,528
	347,890	China Steel Corporation		393,526
	140,000	Chunghwa Telecom Company, Limited		265,971
	20,591	Formosa International Hotels Corporation		221,656
	30,354	Hon Hai Precision Industry Company, Limited (144A) (GDR)		405,226	* **
	54,200	Hon Hai Precision Industry Company, Limited (Foxconn)		357,450
	50,040	MediaTek, Incorporated		622,377
	43,000	Shin Zu Shing Company, Limited		282,033
	195,000	Taiwan Fertilizer Company, Limited		355,548
	170,000	Taiwan Secom Company, Limited		292,527
	82,020	Taiwan Semiconductor Manufacturing Company, Limited (ADR)		864,491
		Total Taiwan (Cost: $3,924,030)		4,957,564
		Thailand (1.3%)
	39,000	Banpu Public Company, Limited		240,557
	38,800	PTT Exploration & Production Public Company, Limited		104,880
		Total Thailand (Cost: $294,188)		345,437
		Total Common Stock (Cost: $18,096,831) (97.1%)		26,388,063

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Asia Pacific Equities Fund

April 30, 2007

Number of Shares		Equity Securities	Value
		Preferred Stock
		South Korea (Cost: $133,634) (0.6%)
	360	Samsung Electronics Company, Limited	$	169,411
		Total Equity Securities (Cost: $18,230,465) (97.7%)		26,557,474
Principal Amount		Short-Term Investments
$	366,878	Investors Bank & Trust Depository Reserve, 3.59%		366,878
		Total Short-Term Investments (Cost: $366,878) (1.4%)		366,878
		Total Investments (Cost: $18,597,343) (99.1%)		26,924,352
		Excess of Other Assets over Liabilities (0.9%)		255,945
		Net Assets (100.0%)	$	27,180,297

Notes to the Schedule of Investments:

ADR  - American Depositary Receipt. Shares of a foreign based corporation held in U.S. banks entitling the shareholder to all dividends and capital gains.

GDR  -   Global Depositary Receipt. A negotiable certificate held in the bank of one country representing a specific number of shares of a stock traded on an exchange of another country.

  *  Non-income producing.

  **  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2007, the value of these securities amounted to $405,226 or 1.5% of net assets. These securities are determined to be liquid by the Advisor under procedures established by and under the general supervision of the Company's Board of Directors.

See accompanying notes to financial statements.
5

INTERNATIONAL AND GLOBAL FUNDS

TCW Asia Pacific Equities Fund

Investments by Industry (Unaudited)

Industry	Percentage of Net Assets
Automobiles		0.8	%
Chemicals		1.3
Commercial Banks		11.3
Commercial Services & Supplies		1.1
Computers & Peripherals		1.9
Construction & Engineering		2.2
Diversified Consumer Services		0.8
Diversified Financial Services		1.7
Diversified Telecommunication Services		2.4
Electric Utilities		1.7
Electronic Equipment & Instruments		2.8
Energy Equipment & Services		1.5
Food & Staples Retailing		1.0
Food Products		2.7
Hotels, Restaurants & Leisure		2.6
Industrial Conglomerates		1.5
Insurance		6.3
Internet Software & Services		1.7
Machinery		6.9
Marine		1.4
Metals & Mining		5.3
Oil, Gas & Consumable Fuels		5.2
Real Estate Management & Development		12.3
Semiconductors & Semiconductor Equipment		10.7
Specialty Retail		1.9
Textiles, Apparel & Luxury Goods		0.9
Tobacco		0.8
Transportation Infrastructure		0.9
Wireless Telecommunication Services		6.1
Short-Term Investments		1.4
Total		99.1	%

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

Schedule of Investments (Unaudited) April 30, 2007

Number of Shares		Equity Securities	Value
		Common Stock
		Argentina (Cost: $63,735) (0.7% of Net Assets)
	5,400	IRSA Inversiones y Representaciones, S.A. (GDR)	$	112,968	*†
		Austria (Cost: $168,830) (1.0%)
	2,063	Erste Bank der Oesterreichischen Sparkassen AG		165,196
		Brazil (7.7%)
	5,200	Medial Saude, S.A.		74,194	*
	6,000	Petroleo Brasileiro, S.A. (ADR)		535,320
	10,331	Profarma Distribuidora de Produtos Farmaceuticos, S.A.		155,537	*
	2,400	Submarino, S.A. (Reg. S) (GDR)		174,028	*
	3,403	Unibanco—Uniao de Bancos Brasileiros, S.A. (GDR)		330,295
		Total Brazil (Cost: $981,788)		1,269,374
		Chile (Cost: $128,190) (1.0%)
	2,159	Lan Airlines, S.A. (ADR)		157,931	†
		China (4.6%)
	3,632	China Life Insurance Company, Limited (ADR)		168,307
	3,154	China Petroleum & Chemical Corporation (ADR)		275,060
	156,000	China Telecom Corporation, Limited, Class H		73,915
	441,000	Industrial and Commercial Bank of China, Class H		239,670	*
		Total China (Cost: $541,658)		756,952
		Egypt (1.6%)
	1,047	Orascom Construction Industries (GDR)		122,394
	2,000	Orascom Telecom Holding, S.A.E. (Reg. S) (GDR)		134,600
		Total Egypt (Cost: $202,462)		256,994
		Hong Kong (7.0%)
	240,000	Agile Property Holdings, Limited		251,465
	41,000	China Mobile, Limited		369,343
	3,772	CNOOC, Limited (ADR)		322,770
	203,000	Hopewell Highway Infrastructure, Limited		204,394
		Total Hong Kong (Cost: $907,117)		1,147,972
		India (4.1%)
	7,732	Infosys Technologies, Limited (ADR)		404,770
	3,850	State Bank of India (GDR)		263,725
		Total India (Cost: $651,479)		668,495
		Indonesia (Cost: $204,484) (1.8%)
	6,500	PT Telekomunikasi Indonesia Tbk (ADR)		298,545
		Israel (3.1%)
	49,621	Bank Hapoalim, B.M.		258,690
	6,500	Teva Pharmaceutical Industries, Limited (ADR)		249,015	†
		Total Israel (Cost: $451,989)		507,705

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

Schedule of Investments (Unaudited) (Continued)

Number of Shares		Equity Securities	Value
		Malaysia (3.3%)
	58,100	Public Bank BHD	$	169,364
	166,500	Resorts World BHD		157,972
	92,500	SP Setia BHD		222,289
		Total Malaysia (Cost: $340,244)		549,625
		Mexico (5.8%)
	7,321	Cemex, S.A.B. de C.V. (ADR)		237,933	*†
	60,800	Empresas ICA, S.A.B. de C.V.		240,390	*
	3,500	Grupo Aeroportuario del Sureste, S.A.B. de C.V. (ADR)		168,700
	10,943	Grupo Televisa, S.A. (ADR)		306,951
		Total Mexico (Cost: $926,163)		953,974
		Philippines (Cost: $106,275) (1.0%)
	677,000	SM Prime Holdings, Incorporated		161,381
		Russia (11.2%)
	4,511	LUKOIL (ADR)		351,858	†
	1,250	Mining and Metallurgical Company Norilsk Nickel (ADR)		241,563
	3,026	Mobile Telesystems OJSC (ADR)		166,733
	16,930	OAO Gazprom (ADR)		674,661
	5,400	Sistema JSFC (Reg. S) (GDR)		153,630	*
	1,865	Unified Energy System (Reg. S) (GDR)		243,383	*
		Total Russia (Cost: $1,745,326)		1,831,828
		South Africa (8.0%)
	69,336	FirstRand, Limited		245,895
	13,400	Gold Fields, Limited (ADR)		240,798	†
	4,900	Impala Platinum Holdings, Limited (ADR)		158,025
	9,745	Sasol, Limited (ADR)		332,987
	11,106	Standard Bank Group, Limited		173,429
	6,624	Telkom S.A., Limited		162,207
		Total South Africa (Cost: $1,126,075)		1,313,341
		South Korea (17.6%)
	1,254	Hyundai Heavy Industries Company, Limited		316,137
	8,280	LG Corporation		302,407
	1,559	NHN Corporation		243,958	*
	2,682	Samsung Electronics Company, Limited (144A) (Reg. S) (GDR)		823,374	**
	6,550	Shinhan Financial Group Company, Limited		368,897
	464	Shinsegae Company, Limited		315,853
	9,554	SK Telecom Company, Limited (ADR)		237,226	†
	11,550	Woori Finance Holdings Company, Limited		287,436
		Total South Korea (Cost: $2,563,533)		2,895,288
		Taiwan (12.1%)
	186,528	Chi Mei Optoelectronics Corporation		208,824
	10,622	China Steel Corporation (GDR)		242,075
	82,000	Delta Electronics, Incorporated		256,155
	172,000	Far EasTone Telecommunications Company, Limited		193,852

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

April 30, 2007

Number of Shares		Equity Securities	Value
		Taiwan (Continued)
	25,325	Hon Hai Precision Industry Company, Limited (Reg. S) (GDR)	$	338,089
	27,000	Shin Zu Shing Company, Limited		177,090
	374,000	SinoPac Financial Holdings Company, Limited		161,742
	39,600	Taiwan Semiconductor Manufacturing Company, Limited (ADR)		417,384
		Total Taiwan (Cost: $1,890,082)		1,995,211
		Turkey (1.9%)
	35,885	Haci Omer Sabanci Holding A.S.		157,380
	31,298	Koc Holding A.S.		154,742	*
	1	Trakya Cam Sanayii A.S.		2
		Total Turkey (Cost: $314,360)		312,124
		Total Common Stock (Cost: $13,313,790) (93.5%)		15,354,904
		Preferred Stock
		Brazil (4.5%)
	4,650,000	Companhia Energetica de Minas Gerais		164,037
	16,800	Companhia Vale do Rio Doce (ADR)		574,392	†
		Total Preferred Stock (Cost: $588,702) (4.5%)		738,429
		Total Equity Securities (Cost: $13,902,492) (98.0%)		16,093,333
Principal Amount		Short-Term Investments 5
$	35,576	Banco Bilbao Vizcaya Argentaria, S.A., 5.305%, due 05/14/07		35,576	***
	46,249	Bank of America, 5.27%, due 05/08/07		46,249	***
	44,470	Bank of America, 5.27%, due 06/18/07		44,470	***
	26,682	Bank of America, 5.27%, due 06/19/07		26,682	***
	44,470	Bank of America, 5.31%, due 05/17/07		44,470	***
	8,894	Bank of Montreal, 5.28%, due 05/18/07		8,894	***
	8,894	Bank of Montreal, 5.28%, due 06/01/07		8,894	***
	26,682	Bank of Nova Scotia, 5.28%, due 05/01/07		26,682	***
	17,788	Bank of Nova Scotia, 5.28%, due 05/02/07		17,788	***
	17,788	Bank of Nova Scotia, 5.28%, due 05/09/07		17,788	***
	35,576	Bank of Sweden, 5.3%, due 05/11/07		35,576	***
	17,788	Barclays Bank PLC, 5.285%, due 05/07/07		17,788	***
	17,788	Barclays Bank PLC, 5.285%, due 05/21/07		17,788	***
	44,470	Barclays Bank PLC, 5.29%, due 06/08/07		44,470	***
	17,788	Barclays Bank PLC, 5.295%, due 06/04/07		17,788	***
	8,894	Barclays Bank PLC, 5.295%, due 06/04/07		8,894	***
	26,682	Barclays Bank PLC, 5.3%, due 05/16/07		26,682	***
	17,788	CAFCO Funding LLC, 5.293%, due 05/31/07		17,788	***
	26,682	CAFCO Funding LLC, 5.294%, due 05/16/07		26,682	***
	8,894	Calyon, 5.3%, due 05/17/07		8,894	***
	8,894	Calyon, 5.305%, due 05/24/07		8,894	***
	17,788	Canadian Imperial Bank of Commerce, 5.28%, due 05/29/07		17,788	***
	17,788	Charta LLC, 5.289%, due 06/13/07		17,788	***
	8,894	Charta LLC, 5.296%, due 05/09/07		8,894	***

See accompanying notes to financial statements.
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INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

Schedule of Investments (Unaudited) (Continued)

Principal Amount		Short-Term Investments 5	Value
$	26,682	Charta LLC, 5.298%, due 05/08/07	$	26,682	***
	17,788	Citigroup, Inc., 5.31%, due 05/04/07		17,788	***
	8,894	Compass Securitization, 5.293%, due 05/25/07		8,894	***
	8,894	CRC Funding LLC, 5.282%, due 05/16/07		8,894	***
	35,576	Credit Suisse USA, Inc., 5.275%, due 05/03/07		35,576	***
	8,894	Credit Suisse USA, Inc., 5.295%, due 06/25/07		8,894	***
	8,894	Credit Suisse USA, Inc., 5.3%, due 05/17/07		8,894	***
	17,788	Credit Suisse USA, Inc., 5.3%, due 06/11/07		17,788	***
	44,470	Credit Suisse USA, Inc., 5.31%, due 05/01/07		44,470	***
	17,788	Deutsche Bank, 5.275%, due 05/03/07		17,788	***
	17,788	Deutsche Bank, 5.3%, due 05/15/07		17,788	***
	17,788	Erste Bank, 5.29%, due 05/09/07		17,788	***
	8,894	Fairway Finance Company LLC, 5.297%, due 05/07/07		8,894	***
	8,894	Falcon Asset Securitization Corp., 5.284%, due 05/24/07		8,894	***
	8,894	Falcon Asset Securitization Corp., 5.292%, due 05/07/07		8,894	***
	26,682	First Tennessee National Corp., 5.31%, due 05/02/07		26,682	***
	17,788	Fortis Bank, 5.27%, due 05/11/07		17,788	***
	26,682	Fortis Bank, 5.28%, due 05/21/07		26,682	***
	17,788	Fortis Bank, 5.28%, due 05/23/07		17,788	***
	26,682	Fortis Bank, 5.28%, due 05/25/07		26,682	***
	8,894	Fortis Bank, 5.3%, due 06/25/07		8,894	***
	8,894	Greyhawk Funding, 5.296%, due 05/02/07		8,894	***
	8,894	HBOS Halifax Bank of Scotland, 5.3%, due 05/08/07		8,894	***
	265,950	Investors Bank & Trust Depository Reserve, 3.59%		265,950
	17,788	Jupiter Securitization Corp., 5.292%, due 05/02/07		17,788	***
	8,894	Liberty Street Funding Corp., 5.282%, due 05/25/07		8,894	***
	17,788	Liberty Street Funding Corp., 5.292%, due 05/03/07		17,788	***
	8,893	Morgan Stanley, 5.383%, due 08/01/07		8,894	***
	17,788	Paradigm Funding LLC, 5.282%, due 05/22/07		17,788	***
	17,788	Paradigm Funding LLC, 5.287%, due 05/31/07		17,788	***
	62,259	Rabobank Nederland, 5.265%, due 05/02/07		62,259	***
	17,788	Rabobank Nederland, 5.275%, due 05/30/07		17,788	***
	71,153	Rabobank Nederland, 5.3%, due 05/01/07		71,153	***
	17,788	Ranger Funding, 5.283%, due 06/01/07		17,788	***
	17,788	Ranger Funding, 5.287%, due 05/17/07		17,788	***
	8,894	Ranger Funding, 5.291%, due 05/01/07		8,894	***
	17,788	Ranger Funding, 5.293%, due 06/19/07		17,788	***
	44,470	Royal Bank of Canada, 5.3%, due 05/01/07		44,470	***
	8,894	Royal Bank of Scotland, 5.285%, due 05/07/07		8,894	***
	17,788	Royal Bank of Scotland, 5.3%, due 05/08/07		17,788	***
	8,894	Royal Bank of Scotland, 5.3%, due 05/09/07		8,894	***
	26,682	Royal Bank of Scotland, 5.31%, due 05/25/07		26,682	***
	13,341	Sheffield Receivables Corp., 5.286%, due 05/23/07		13,341	***
	26,682	Sheffield Receivables Corp., 5.295%, due 05/04/07		26,682	***
	8,894	Skandinaviska Enskilda Banken AB, 5.28%, due 05/15/07		8,894	***
	161,059	Svenska Handelsbanken, 5.31%, due 05/01/07		161,059	***
	8,894	Three Pillars Funding LLC, 5.282%, due 05/24/07		8,894	***
	35,576	Toronto Dominion Bank, 5.28%, due 05/10/07		35,576	***

See accompanying notes to financial statements.
10

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

April 30, 2007

Principal Amount		Short-Term Investments 5	Value
$	44,470	UBS AG, 5.28%, due 06/01/07	$	44,470	***
	44,470	UBS AG, 5.288%, due 06/18/07		44,470	***
	17,788	UBS AG, 5.29%, due 06/12/07		17,788	***
	53,365	UBS AG, 5.29%, due 06/15/07		53,365	***
	17,788	Variable Funding Capital Co., 5.277%, due 05/17/07		17,788	***
	8,894	Yorktown Capital LLC, 5.295%, due 05/14/07		8,894	***
		Total (Cost: $2,069,734)		2,069,734
		Total Short-Term Investments (Cost: $2,069,734) (12.6%)		2,069,734
		Total Investments (Cost: $15,972,226) (110.6%)		18,163,067
		Liabilities in Excess of Other Assets (– 10.6%)		(1,741,449	)
		Net Assets (100.0%)	$	16,421,618

Notes to the Schedule of Investments:

ADR  -  American Depositary Receipt. Shares of a foreign based corporation held in U.S. banks entitling the shareholder to all dividends and capital gains.

GDR  -  Global Depositary Receipt. A negotiable certificate held in the bank of one country representing a specific number of shares of a stock traded on an exchange of another country.

Reg. S  -  Investments issued under Regulation S of the Securities Act of 1933, may not be offered, sold, or delivered within the United States except under special exemptions.

  *  Non-income producing.

  **  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2007, the value of these securities amounted to $823,374 or 5.0% of net assets. These securities are determined to be liquid by the Advisor under procedures established by and under the general supervision of the Company's Board of Directors.

  ***  Represents investment of security lending collateral (Note 3).

  †  Security partially or fully lent (Note 3).

5  Short-Term Investments consist of Certificate of Deposits, Commercial Papers, Discount Notes, and Time Deposits.

See accompanying notes to financial statements.
11

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Equities Fund

Investments by Industry (Unaudited)

Industry	Percentage of Net Assets
Airlines		1.0	%
Commercial Banks		14.8
Construction & Engineering		2.2
Construction Materials		1.4
Diversified Financial Services		2.5
Diversified Telecommunication Services		3.2
Electric Utilities		2.5
Electronic Equipment & Instruments		4.8
Food & Staples Retailing		1.9
Health Care Providers & Services		0.9
Hotels, Restaurants & Leisure		1.0
Industrial Conglomerates		2.7
Insurance		1.4
Internet & Catalog Retail		1.1
Internet Software & Services		1.5
IT Services		2.5
Machinery		3.0
Media		1.9
Metals & Mining		9.0
Oil, Gas & Consumable Fuels		15.3
Pharmaceuticals		1.5
Real Estate Management & Development		4.5
Semiconductors & Semiconductor Equipment		7.5
Transportation Infrastructure		2.3
Wireless Telecommunication Services		7.6
Short-Term Investments		12.6
Total		110.6	%

See accompanying notes to financial statements.
12

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Income Fund

Schedule of Investments (Unaudited) April 30, 2007

Principal Amount		Fixed Income Securities	Value
		Argentina (Cost: $712,513) (2.2% of Net Assets)
$	697,279	Telecom Argentian S.A., Series B, 10%, due 10/15/11	$	716,454
		Barbados (1.8%)
	400,000	Sagicor Financial, Limited, (144A), 7.5%, due 05/12/16		406,840	*
	200,000	Sagicor Financial, Limited, (Reg. S), 7.5%, due 05/12/16		203,420
		Total Barbados (Cost: $596,423)		610,260
		Brazil (9.6%)
	630,000	Banco BMG S.A., (Reg. S), 9.15%, due 01/15/16		680,400
	750,000	Banco Cruzeiro Do Sul S.A., 9.375%, due 09/26/11		787,500
	250,000	Bertin Ltda., (144A), 10.25%, due 10/05/16		280,000	*
	390,000	JBS S.A., (Reg. S), 10.5%, due 08/04/16		446,647
	300,000	Marfrig Overseas, Limited, (144A), 9.625%, due 11/16/16		321,000	*
	300,000	Republic of Brazil, 6%, due 01/17/17		305,850
	350,000	Sul America Partecipacoe, (144A), 8.625%, due 02/15/12		363,650	*
		Total Brazil (Cost: $3,002,929)		3,185,047
		Chile (2.5%)
	350,000	Empresa Nacional Electric, 7.325%, due 02/01/37		381,073
	420,000	Enersis S.A., 7.375%, due 01/15/14		456,000
		Total Chile (Cost: $835,633)		837,073
		Colombia (7.8%)
	1,100,000	Drummond Company, Incorporated, (144A), 7.375%, due 02/15/16		1,064,250	*
	500,000	Republic of Colombia, 7.375%, due 01/27/17		549,750
	865,000	Republic of Columbia, 7.375%, due 09/18/37		967,070
		Total Colombia (Cost: $2,470,211)		2,581,070
		Costa Rica (Cost: $503,519) (1.5%)
	500,000	Republic of Costa Rica, (Reg. S), 6.548%, due 03/20/14		515,000
		Croatia (Cost: $992,578) (3.0%)
	986,364	Republic of Croatia, Series A, Variable Rate based on U.S. LIBOR + 0.8125%, due 07/31/10		992,242
		Dominican Republic (4.6%)
	500,000	Cap Cana S.A., (144A), 9.625%, due 11/03/13		527,500	*
	200,000	Cerveceria Nacional Dominicana, (144A), 8%, due 03/27/14		206,500	*
	1,260,000	TRICOM S.A., 11.375%, due 09/01/04		787,500	**#
		Total Dominican Republic (Cost: $1,863,841)		1,521,500
		El Salvador (Cost: $773,868) (2.8%)
	800,000	Republic of El Salvador, (144A), 7.65%, due 06/15/35		924,000	*
		Indonesia (Cost: $677,119) (2.0%)
	660,000	FREEPORT-McMoRan COPPER & GOLD, Incorporated, 6.875%, due 02/01/14		680,625
		Kazakhstan (8.8%)
	200,000	ALB Finance BV, (144A), 9.25%, due 09/25/13		195,000	*
	160,000	ATF Bank, (Reg. S), 9%, due 05/11/16		155,312
	285,000	Centercredit International, (Reg. S), 8.625%, due 01/30/14		273,600
	500,000	HSBK Europe BV, (144A), 7.25%, due 05/03/17		499,750	*

See accompanying notes to financial statements.
13

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Income Fund

Schedule of Investments (Unaudited) (Continued)

Principal Amount		Fixed Income Securities	Value
		Kazakhstan (Continued)
$	500,000	Kazkommerts International BV, (Reg. S), 8%, due 11/03/15	$	505,050
	350,000	Temir Capital BV, 9%, due 11/24/11		353,500
	700,000	Temir Capital BV, 9.25%, due 03/23/09		716,450
	220,000	TuranAlem Finance BV, (144A), 8.25%, due 01/22/37		221,100	*
		Total Kazakhstan (Cost: $2,923,754)		2,919,762
		Malaysia (Cost: $1,006,973) (3.1%)
	1,000,000	Penerbangan Malaysia Berhad, (Reg. S), 5.625%, due 03/15/16		1,014,279
		Mexico (16.3%)
	555,000	Corporation Interamericana de Entretenimiento S.A.B. de C.V., (Reg. S), 8.875%, due 06/14/15		572,344
	500,000	Grupo Gigante S.A.B. de C.V., (144A), 8.75%, due 04/13/16		526,250	*
	2,900,000	Grupo Isuacell S.A. de C.V., Series B, 10%, due 06/15/07		2,979,750	**#
	1,000,000	Grupo Iusacell S.A. de C.V., 14.25%, due 12/01/06		555,000	**#
	300,000	Grupo Posadas S.A. de C.V., (Reg. S), 8.75%, due 10/04/11		313,500
	250,000	Industrias Unidas S.A., (144A), 11.5%, due 11/15/16		271,562	*
	200,000	Vitro S.A. de C.V., (144A), 8.625%, due 02/01/12		207,300	*
		Total Mexico (Cost: $5,289,653)		5,425,706
		Panama (7.7%)
	1,000,000	AEL El Salvador Trust, (Reg. S), 6.75%, due 02/01/16		1,007,730
	500,000	AES Panama S.A., (Reg. S), 6.35%, due 12/21/16		496,120
	1,000,000	Republic of Panama, 6.7%, due 01/26/36		1,057,500
		Total Panama (Cost: $2,515,657)		2,561,350
		Peru (Cost: $789,144) (2.7%)
	800,000	Southern Copper Corporation, 7.5%, due 07/27/35		887,600
		Russia (7.8%)
	550,000	Alfa Bond Issuance PLC (Alpha Bank), 8.625%, due 12/09/15		553,531
	400,000	Eurasia Cap (HCFB LLC), (144A), 9.5%, due 04/11/10		404,520	*
	500,000	Mobile Telesystems Finance S.A., (Reg. S), 8%, due 01/28/12		530,400
	450,000	Russian Standard Finance S.A. (Russian Standard Bank), (144A), 8.625%, due 05/05/11		455,063	*
	600,000	VimpelCom, (144A), 8.25%, due 05/23/16		643,500	*
		Total Russia (Cost: $2,516,068)		2,587,014
		South Africa (Cost: $524,643) (1.6%)
	500,000	Republic of South Africa, 6.5%, due 06/02/14		530,000
		South Korea (5.4%)
	500,000	C&M Finance, Limited, (Reg. S), 8.1%, due 02/01/16		529,589
	225,000	MagnaChip Semiconductor S.A./MagnaChip Semiconductor Finance Company, 6.875%, due 12/15/11		189,000
	650,000	MagnaChip Semiconductor S.A./MagnaChip Semiconductor Finance Company, Variable Rate based on U.S. LIBOR + 3.25%, due 12/15/11		565,500
	500,000	Woori Bank, (144A), 6.208%, due 05/02/37		499,260	*
		Total South Korea (Cost: $1,876,604)		1,783,349

See accompanying notes to financial statements.
14

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Income Fund

April 30, 2007

Principal Amount		Fixed Income Securities	Value
		Turkey (3.0%)
$	400,000	Bosphorus Financial Services, Limited, (144A), Variable Rate based on the U.S. LIBOR + 1.80%, due 02/15/12	$	407,000	*
	600,000	T2 Capital Finance Company S.A., (144A), 6.95%, due 02/06/17		600,000	*
		Total Turkey (Cost: $998,764)		1,007,000
		Ukraine (2.1%)
	500,000	Exim Ukraine, 6.8%, due 10/04/12		495,000
	185,000	Ukraine Government, (Reg. S), Variable Rate based on the U.S. LIBOR + 3.375%, due 08/05/09		196,285
		Total Ukraine (Cost: $657,744)		691,285
		Total Fixed Income Securities (Cost: $31,527,638) (96.3%)		31,970,616
		Currency Options
	4,070,000	USD Put/JPY Call, Strike Price JPY 115.20, expires 09/26/07		45,665
		Total Currency Options (Cost: $84,615) (0.1%)		45,665
		Short-Term Investments
	1,751,960	Investors Bank & Trust Depository Reserve, 3.59%		1,751,960
		Total Short-Term Investments (Cost: $1,751,960) (5.3%)		1,751,960
		Total Investments (Cost: $33,364,213) (101.7%)		33,768,241
		Liabilities in Excess of Other Assets (– 1.7%)		(573,925	)
		Net Assets (100.0%)	$	33,194,316

Notes to the Schedule of Investments:

JPY  -  Japanese Yen.

Reg. S  -  Investments issued under Regulation S of the Securities Act of 1933, may not be offered, sold, or delivered within the United States except under special exemptions.

  *  Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2007, the value of these securities amounted to $9,024,045 or 27.2% of net assets. These securities are determined to be liquid by the Advisor under procedures established by and under the general supervision of the Company's Board of Directors.

  **  Non-income producing.

  #  Company is in default and is not making interest payments.

See accompanying notes to financial statements.
15

INTERNATIONAL AND GLOBAL FUNDS

TCW Emerging Markets Income Fund

Investments by Industry (Unaudited)

Industry	Percentage of Net Assets
Banking		15.6	%
Banking & Financial Services		0.1
Beverages, Food & Tobacco		2.1
Commercial Services		0.8
Communications		2.4
Electric Utilities		4.0
Electronics		2.3
Entertainment & Leisure		3.3
Financial Services		18.6
Food Retailers		1.6
Home Construction, Furnishings & Appliances		0.6
Insurance		2.9
Lodging		0.9
Metals		2.7
Mining		2.0
Miscellaneous		1.0
Radio Telephone Communications		1.9
Sovereign Government		21.3
Telephone Communications, exc. Radio		10.7
Telephone Systems		1.6
Short-Term Investments		5.3
Total		101.7	%

See accompanying notes to financial statements.
16

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

Schedule of Investments (Unaudited) April 30, 2007

Number of Shares		Common Stock	Value
		Australia (2.7% of Net Assets)
	25,021	BHP Billiton, Limited	$	612,195
	42,411	Foster's Group, Limited		224,386
	46,016	Macquarie Airports		151,920
	21,500	QBE Insurance Group, Limited		546,405
		Total Australia (Cost: $1,352,254)		1,534,906
		Belgium (Cost: $303,923) (0.6%)
	3,795	Mobistar S.A.		328,318
		Canada (2.5%)
	16,011	Candian National Railway Company		805,657
	9,000	First Quantum Minerals, Limited		624,051
		Total Canada (Cost: $1,200,324)		1,429,708
		Cayman Islands (Cost: $690,225) (1.2%)
	12,000	Ace, Limited		713,520
		Denmark (Cost: $550,463) (1.0%)
	7,100	Jyske Bank A/S		570,047	*
		France (4.2%)
	9,600	BNP Paribas		1,113,784
	13,000	Total S.A.		958,407
	9,130	Vivendi		376,634	†
		Total France (Cost: $2,270,009)		2,448,825
		Germany (4.2%)
	25,847	Accenture, Limited, Class A		1,010,618	†
	6,280	Bayerische Motoren Werke (BMW) AG		386,318
	950	Merck KGaA		125,937
	5,100	Muenchener Rueckversicherungs Gesellschaft AG		906,002
		Total Germany (Cost: $2,115,105)		2,428,875
		Great Britain (10.3%)
	11,140	Barratt Developments PLC		239,843
	55,027	BT Group PLC		346,169
	33,028	Charter PLC		674,655	*
	30,385	GlaxoSmithKline PLC		876,477
	14,000	Rio Tinto PLC		850,781
	33,907	Royal Dutch Shell PLC, B Shares		1,194,145
	24,190	Smith & Nephew PLC		301,857
	60,140	Tesco PLC		553,078
	15,000	Unilever PLC		469,342
	28,346	United Business Media PLC		455,998
		Total Great Britain (Cost: $5,448,418)		5,962,345
		Hong Kong (0.9%)
	106,000	Great Eagle Holdings, Limited		388,178
	32,000	HongKong Electric Holdings, Limited		160,125
		Total Hong Kong (Cost: $483,571)		548,303

See accompanying notes to financial statements.
17

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

Schedule of Investments (Unaudited) (Continued)

Number of Shares		Common Stock	Value
		Ireland (Cost: $445,671) (0.7%)
	28,130	Grafton Group PLC	$	416,848	*
		Italy (3.1%)
	108,220	Aem SpA		423,104
	7,000	Autostrade SpA		231,134
	133,000	Intesa Sanpaolo		1,114,497	*
		Total Italy (Cost: $1,596,275)		1,768,735
		Japan (7.8%)
	10,574	JFE Holdings, Incorporated		581,134
	9,000	Kao Corporation		247,005
	51,000	Nissan Motor Company, Limited		512,894
	2,000	Orix Corporation		533,188
	21,000	Sompo Japan Insurance, Incorporated		256,432
	9,000	Tokyo Electric Power Company, Incorporated (The)		299,072
	36,000	Toyota Tsusho Corporation		874,330
	14,000	Tsumura & Company		312,776
	3,500	Yamada Denki Company, Limited		323,343
	51,000	YASKAWA Electric Corporation		582,732
		Total Japan (Cost: $4,605,822)		4,522,906
		Netherlands (3.2%)
	11,750	Arcelor Mittal		627,458
	11,000	ASML Holding N.V.		298,845	*
	12,000	Heineken NV		642,402
	7,100	Koninklijke (Royal) Philips Electronics N.V.		291,592
		Total Netherlands (Cost: $1,710,499)		1,860,297
		Singapore (Cost: $166,393) (0.3%)
	73,000	Singapore Telecommunications, Limited		158,467
		Switzerland (2.4%)
	1,390	Actelion, Limited		330,528	*
	3,580	Zurich Financial Services AG		1,039,714	*
		Total Switzerland (Cost: $1,333,825)		1,370,242
		United States (53.4%)
	10,900	Allstate Corporation		679,288
	14,799	Altria Group, Incorporated		1,019,947
	6,600	Anadarko Petroleum Corporation		307,956
	14,200	Applera Corp.—Applied Biosystems Group		443,608
	25,000	Applied Materials, Incorporated		480,500
	13,613	Armor Holdings, Incorporated		973,330	*†
	36,790	AT&T, Incorporated		1,424,509
	12,000	Ball Corporation		608,280
	4,500	Boston Properties, Incorporated (REIT)		529,020
	5,600	CIGNA Corporation		871,304
	26,000	CIT Group, Incorporated		1,550,900
	44,000	Citigroup, Incorporated		2,359,280

See accompanying notes to financial statements.
18

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

April 30, 2007

Number of Shares		Common Stock	Value
		United States (Continued)
	23,310	ConocoPhillips	$	1,616,549
	19,528	Countrywide Financial Corporation		724,098
	2,540	Goldman Sachs Group, Incorporated		555,269
	18,210	Goodrich Corporation		1,035,056
	23,170	Home Depot, Incorporated		877,448
	9,366	International Business Machines Corporation		957,299
	6,000	J.C. Penney Co., Incorporated		474,540
	10,241	Kraft Foods, Incorporated, Class A		342,766
	16,217	Marathon Oil Corporation		1,646,836
	34,050	Microsoft Corporation		1,019,457
	53,057	Motorola, Incorporated		919,478
	59,725	Oracle Corporation		1,122,830	*
	7,600	PNC Financial Services Group, Incorporated		563,160
	14,820	Procter & Gamble Company (The)		953,074
	13,010	Quest Diagnostics, Incorporated		636,059	†
	56,000	Time Warner, Incorporated		1,155,280
	9,015	TXU Corporation		591,204
	6,500	VF Corporation		570,765
	16,596	Wal-Mart Stores, Incorporated		795,280
	7,400	Waters Corporation		439,782	*
	36,536	Wyeth		2,027,748
	8,481	Yum! Brands, Incorporated		524,635
		Total United States (Cost: $28,924,700)		30,796,535
		Total Common Stock (Cost: $53,197,477) (98.5%)		56,858,877
		Short-Term Investments
		Money Market Investments (Cost: $36,979)
	36,979	TCW Money Market Fund, 5.14%		36,979	#
Principal Amount		Other Short-Term Investments 5
$	59,736	Banco Bilbao Vizcaya Argentaria, S.A., 5.305%, due 05/14/07		59,736	**
	77,655	Bank of America, 5.27%, due 05/08/07		77,655	**
	74,668	Bank of America, 5.27%, due 06/18/07		74,668	**
	44,801	Bank of America, 5.27%, due 06/19/07		44,801	**
	74,668	Bank of America, 5.31%, due 05/17/07		74,668	**
	14,934	Bank of Montreal, 5.28%, due 05/18/07		14,934	**
	14,934	Bank of Montreal, 5.28%, due 06/01/07		14,934	**
	44,801	Bank of Nova Scotia, 5.28%, due 05/01/07		44,801	**
	29,867	Bank of Nova Scotia, 5.28%, due 05/02/07		29,867	**
	29,867	Bank of Nova Scotia, 5.28%, due 05/09/07		29,867	**
	59,735	Bank of Sweden, 5.3%, due 05/11/07		59,735	**
	29,867	Barclays Bank PLC, 5.285%, due 05/07/07		29,867	**
	29,867	Barclays Bank PLC, 5.285%, due 05/21/07		29,867	**
	74,668	Barclays Bank PLC, 5.29%, due 06/08/07		74,668	**

See accompanying notes to financial statements.
19

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

Schedule of Investments (Unaudited) (Continued)

Principal Amount		Short-Term Investments	Value
		Other Short-Term Investments (Continued)
$	29,867	Barclays Bank PLC, 5.295%, due 06/04/07	$	29,867	**
	14,934	Barclays Bank PLC, 5.295%, due 06/04/07		14,934	**
	44,801	Barclays Bank PLC, 5.3%, due 05/16/07		44,801	**
	29,867	CAFCO Funding LLC, 5.293%, due 05/31/07		29,867	**
	44,801	CAFCO Funding LLC, 5.294%, due 05/16/07		44,801	**
	14,934	Calyon, 5.3%, due 05/17/07		14,934	**
	14,934	Calyon, 5.305%, due 05/24/07		14,934	**
	29,867	Canadian Imperial Bank of Commerce, 5.28%, due 05/29/07		29,867	**
	29,867	Charta LLC, 5.289%, due 06/13/07		29,867	**
	14,934	Charta LLC, 5.296%, due 05/09/07		14,934	**
	44,801	Charta LLC, 5.298%, due 05/08/07		44,801	**
	29,867	Citigroup, Inc., 5.31%, due 05/04/07		29,867	**
	14,934	Compass Securitization, 5.293%, due 05/25/07		14,934	**
	14,934	CRC Funding LLC, 5.282%, due 05/16/07		14,934	**
	59,735	Credit Suisse USA, Inc., 5.275%, due 05/03/07		59,735	**
	14,934	Credit Suisse USA, Inc., 5.295%, due 06/25/07		14,934	**
	14,934	Credit Suisse USA, Inc., 5.3%, due 05/17/07		14,934	**
	29,867	Credit Suisse USA, Inc., 5.3%, due 06/11/07		29,867	**
	74,668	Credit Suisse USA, Inc., 5.31%, due 05/01/07		74,668	**
	29,867	Deutsche Bank, 5.275%, due 05/03/07		29,867	**
	29,867	Deutsche Bank, 5.3%, due 05/15/07		29,867	**
	29,867	Erste Bank, 5.29%, due 05/09/07		29,867	**
	14,934	Fairway Finance Company LLC, 5.297%, due 05/07/07		14,934	**
	14,934	Falcon Asset Securitization Corp., 5.284%, due 05/24/07		14,934	**
	14,934	Falcon Asset Securitization Corp., 5.292%, due 05/07/07		14,934	**
	44,801	First Tennessee National Corp., 5.31%, due 05/02/07		44,801	**
	29,867	Fortis Bank, 5.27%, due 05/11/07		29,867	**
	44,801	Fortis Bank, 5.28%, due 05/21/07		44,801	**
	29,867	Fortis Bank, 5.28%, due 05/23/07		29,867	**
	44,801	Fortis Bank, 5.28%, due 05/25/07		44,801	**
	14,934	Fortis Bank, 5.3%, due 06/25/07		14,934	**
	14,934	Greyhawk Funding, 5.296%, due 05/02/07		14,934	**
	14,934	HBOS Halifax Bank of Scotland, 5.3%, due 05/08/07		14,934	**
	730,460	Investors Bank & Trust Depository Reserve, 3.59%		730,460
	29,867	Jupiter Securitization Corp., 5.292%, due 05/02/07		29,867	**
	14,934	Liberty Street Funding Corp., 5.282%, due 05/25/07		14,934	**
	29,867	Liberty Street Funding Corp., 5.292%, due 05/03/07		29,867	**
	14,933	Morgan Stanley, 5.383%, due 08/01/07		14,934	**
	29,867	Paradigm Funding LLC, 5.282%, due 05/22/07		29,867	**
	29,867	Paradigm Funding LLC, 5.287%, due 05/31/07		29,867	**
	104,536	Rabobank Nederland, 5.265%, due 05/02/07		104,536	**
	29,867	Rabobank Nederland, 5.275%, due 05/30/07		29,867	**
	119,469	Rabobank Nederland, 5.3%, due 05/01/07		119,469	**
	29,867	Ranger Funding, 5.283%, due 06/01/07		29,867	**
	29,867	Ranger Funding, 5.287%, due 05/17/07		29,867	**
	14,934	Ranger Funding, 5.291%, due 05/01/07		14,934	**
	29,867	Ranger Funding, 5.293%, due 06/19/07		29,867	**

See accompanying notes to financial statements.
20

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

April 30, 2007

Principal Amount		Short-Term Investments		Value
		Other Short-Term Investments (Continued)
$	74,668	Royal Bank of Canada, 5.3%, due 05/01/07		$	74,668	**
	14,934	Royal Bank of Scotland, 5.285%, due 05/07/07			14,934	**
	29,867	Royal Bank of Scotland, 5.3%, due 05/08/07			29,867	**
	14,934	Royal Bank of Scotland, 5.3%, due 05/09/07			14,934	**
	44,801	Royal Bank of Scotland, 5.31%, due 05/25/07			44,801	**
	22,400	Sheffield Receivables Corp., 5.286%, due 05/23/07			22,400	**
	44,801	Sheffield Receivables Corp., 5.295%, due 05/04/07			44,801	**
	14,934	Skandinaviska Enskilda Banken AB, 5.28%, due 05/15/07			14,934	**
	270,403	Svenska Handelsbanken, 5.31%, due 05/01/07			270,403	**
	14,934	Three Pillars Funding LLC, 5.282%, due 05/24/07			14,934	**
	59,735	Toronto Dominion Bank, 5.28%, due 05/10/07			59,735	**
	74,668	UBS AG, 5.28%, due 06/01/07			74,668	**
	74,668	UBS AG, 5.288%, due 06/18/07			74,668	**
	29,867	UBS AG, 5.29%, due 06/12/07			29,867	**
	89,602	UBS AG, 5.29%, due 06/15/07			89,602	**
	29,867	Variable Funding Capital Co., 5.277%, due 05/17/07			29,867	**
	14,934	Yorktown Capital LLC, 5.295%, due 05/14/07			14,934	**
		Total Other Short-Term Investments (Cost: $3,759,110)			3,759,110
		Total Short-Term Investments (Cost: $3,796,089) (6.6%)			3,796,089
			Total Investments (Cost: $56,993,566) (105.1%)		60,654,966
		Liabilities in Excess of Other Assets (– 5.1%)			(2,957,952	)
		Net Assets (100.0%)		$	57,697,014

Notes to the Schedule of Investments:

REIT  -  Real Estate Investment Trust.

  *  Non-income producing.

  **  Represents investment of security lending collateral (Note 3).

  †  Security partially or fully lent (Note 3).

  #  Affiliated Issuer.

5  Other Short-Term Investments consist of Certificate of Deposits, Commercial Papers, Discount Notes, and Time Deposits.

See accompanying notes to financial statements.
21

INTERNATIONAL AND GLOBAL FUNDS

TCW Global Equities Fund

Investments by Industry (Unaudited)

Industry	Percentage of Net Assets
Aerospace & Defense		3.5	%
Automobiles		1.6
Beverages		1.5
Biotechnology		0.6
Capital Markets		1.0
Commercial Banks		5.8
Communications Equipment		1.6
Computers & Peripherals		1.7
Consumer Finance		0.9
Containers & Packaging		1.0
Diversified Financial Services		6.8
Diversified Telecommunication Services		3.4
Electric Utilities		0.8
Electronic Equipment & Instruments		1.0
Food & Staples Retailing		2.3
Food Products		1.4
Health Care Equipment & Supplies		0.5
Health Care Providers & Services		2.6
Hotels, Restaurants & Leisure		0.9
Household Durables		0.9
Household Products		2.0
Independent Power Producers & Energy Traders		1.0
Insurance		7.2
IT Services		1.7
Life Science Tools & Services		1.6
Machinery		1.2
Media		3.4
Metals & Mining		5.7
Multiline Retail		0.8
Multi-Utilities		0.8
Oil, Gas & Consumable Fuels		9.9
Pharmaceuticals		5.8
Real Estate Investment Trust (REITs)		0.9
Real Estate Management & Development		0.7
Road & Rail		1.4
Semiconductors & Semiconductor Equipment		1.3
Software		3.7
Specialty Retail		2.1
Textiles, Apparel & Luxury Goods		1.0
Thrifts & Mortgage Finance		1.3
Tobacco		1.8
Trading Companies & Distributors		2.2
Transportation Infrastructure		0.6
Wireless Telecommunication Services		0.6
Short-Term Investments		6.6
Total		105.1	%

See accompanying notes to financial statements.
22

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Statements of Assets and Liabilities (Unaudited) April 30, 2007

	TCW Asia Pacific Equities Fund			TCW Emerging Markets Equities Fund			TCW Emerging Markets Income Fund			TCW Global Equities Fund
	Dollar Amounts in Thousands (Except per Share Amounts)
ASSETS
Investments, at Value (1)	$	26,924		$	18,163	(2)	$	33,768		$	60,618	(2)
Investments in Affiliated Issuers, at Value		—			—			—			37	(3)
Foreign Currency, at Value (4)		565			84			14			25
Receivables for Securities Sold		522			165			286			—
Receivables for Fund Shares Sold		—			11			14			10
Interest and Dividends Receivable		66			26			572			111
Foreign Tax Reclaim Receivable		—			—	(5)		—			12
Total Assets		28,077			18,449			34,654			60,813
LIABILITIES
Distributions Payable		—			—			14			—
Payables for Securities Purchased		809			165			1,277			—
Payables for Fund Shares Redeemed		—			—			97			5
Payables Upon Return of Securities Loaned		—			1,804			—			3,029
Accrued Capital Gain Withholding Taxes		5			1			—			—
Accrued Directors' Fees and Expenses		6			6			6			6
Accrued Compliance Expense		—	(5)		—			—	(5)		—	(5)
Accrued Management Fees		21			12			20			35
Other Accrued Expenses		56			39			46			41
Total Liabilities		897			2,027			1,460			3,116
NET ASSETS	$	27,180		$	16,422		$	33,194		$	57,697
NET ASSETS CONSIST OF:
Paid-in Capital	$	18,144		$	22,822		$	29,002		$	54,332
Undistributed Accumulated Net Realized Gain (Loss) on Investments and Foreign Currency		751			(8,592	)		2,964			(476	)
Unrealized Appreciation of Investments and Foreign Currency		8,323			2,189			403			3,662
Undistributed (Distributions in Excess of) Net Investment Income		(38	)		3			825			179
NET ASSETS	$	27,180		$	16,422		$	33,194		$	57,697
NET ASSETS ATTRIBUTABLE TO:
I Class Share	$	27,180		$	16,422		$	32,841		$	57,319
N Class Share							$	353		$	378
CAPTIAL SHARES OUTSTANDING: (6)
I Class Share		1,954,877			872,104			4,206,410			3,849,917
N Class Share								35,881			25,370
NET ASSET VALUE PER SHARE: (7)
I Class Share	$	13.90		$	18.83		$	7.81		$	14.89
N Class Share							$	9.85		$	14.89

(1)  The identified cost for the TCW Asia Pacific Equities Fund, the TCW Emerging Markets Equities Fund, the TCW Emerging Markets Income Fund, and the TCW Global Equities Fund at April 30, 2007 was $18,597, $15,972, $33,364, and $56,957, respectively.

(2)  The market value of securities lent for the TCW Emerging Markets Equities Fund and the TCW Global Equities Fund at April 30, 2007 was $1,715 and $2,937, respectively.

(3)  The identified cost for the TCW Global Equities Fund at April 30, 2007 was $37.

(4)  The identified cost for the TCW Asia Pacific Equities Fund, the TCW Emerging Markets Equities Fund, the TCW Emerging Markets Income Fund, and the TCW Global Equities Fund at April 30, 2007 was $569, $86, $15, and $25, respectively.

(5)  Amount rounds to less than $1 (in thousands).

(6)  The number of authorized shares with a par value of $0.001 per share, for the TCW Asia Pacific Equities Fund and the TCW Emerging Markets Equities Fund is 1,667,000,000 for each of the I Class shares, the TCW Emerging Markets Income Fund and the TCW Global Equities Fund is 2,000,000,000 for each of the I Class and N Class shares.

(7)  Represents offering price and redemption price per share.

See accompanying notes to financial statements.
23

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Statements of Operations (Unaudited) Six Months Ended April 30, 2007

	TCW Asia Pacific Equities Fund			TCW Emerging Markets Equities Fund			TCW Emerging Markets Income Fund			TCW Global Equities Fund
	Dollar Amounts in Thousands
INVESTMENT INCOME
Income:
Dividends	$	203	(1)	$	143	(1)	$	—		$	542	(1)
Dividends from Investment in Affiliated Issuers		—			—			—			1
Interest		6			4			2,064			13
Net Security Lending Income		—	(2)(3)		3	(2)		—			4	(2)
Other		—			—			—			5
Total		209			150			2,064			565
Expenses:
Managment Fees		127			78			136			202
Accounting Service Fees		2			1			5			5
Administration Fees		20			14			11			24
Transfer Agent Fees:
I Class		5			5			16			5
N Class		—			—			4			4
Custodian Fees		38			26			21			30
Professional Fees		15			14			19			18
Directors' Fees and Expenses		7			7			7			7
Registration Fees:
I Class		8			8			12			8
N Class		—			—			1			—	(3)
Distribution Fees:
N Class		—			—			—	(3)		—	(3)
Compliance Expense		—	(3)		—	(3)		1			1
Other		6			5			13			11
Total		228			158			246			315
Less Expenses Borne by Investment Advisor:
I Class		5			11			—			—
N Class		—			—			5			4
Net Expenses		223			147			241			311
Net Investment Income (Loss)		(14	)		3			1,823			254
NET REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS AND FOREIGN CURRENCY TRANSACTIONS
Net Realized Gain (Loss) on:
Investments		762			1,483			522			3,462
Foreign Currency		(10	)		(1	)		1			(46	)
Change in Unrealized Appreciation (Depreciation) on:
Investments		3,538	(4)		1,013	(4)		(180	)		579
Foreign Currency		8			(1	)		(1	)		—
Net Realized and Unrealized Gain (Loss) on Investments and Foreign Currency Transactions		4,298			2,494			342			3,995
INCREASE IN NET ASSETS RESULTING FROM OPERATIONS	$	4,284		$	2,497		$	2,165		$	4,249

(1)  Net of foreign taxes withheld. Total amount withheld for the TCW Asia Pacific Equities Fund, the TCW Emerging Markets Equities Fund, and the TCW Global Equities Fund was $18, $16, and $23, respectively.

(2)  Net of broker fees.

(3)  Amount rounds to less than $1 (in thousands).

(4)  Net of capital gain withholding taxes for the TCW Asia Pacific Equities Fund and the TCW Emerging Markets Equities Fund of $5 and $1, respectively.

See accompanying notes to financial statements.
24

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Statements of Changes in Net Assets

	TCW Asia Pacific Equities Fund						TCW Emerging Markets Equities Fund
	Six Months Ended April 30, 2007 (Unaudited)			Year Ended October 31, 2006			Six Months Ended April 30, 2007 (Unaudited)			Year Ended October 31, 2006
OPERATIONS
Net Investment Income (Loss)	$	(14	)	$	151		$	3		$	134
Net Realized Gain on Investments and Foreign Currency Transactions		752			1,772			1,482			3,001
Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Transactions		3,546			3,954			1,012			(343	)
Increase in Net Assets Resulting from Operations		4,284			5,877			2,497			2,792
DISTRIBUTIONS TO SHAREHOLDERS
Distributions from Net Investment Income:
I Class		(120	)		(207	)		(115	)		(185	)
Distributions from Net Realized Gain:
I Class		(1,762	)		(1,298	)		—			—
Total Distributions to Shareholders		(1,882	)		(1,505	)		(115	)		(185	)
NET CAPITAL SHARE TRANSACTIONS
I Class		1,799			1,718			(399	)		(674	)
Redemption Fees (Note 2)		—	(1)		—	(1)		—	(1)		6
Increase (Decrease) in Net Assets Resulting from Net Capital Share Transactions		1,799			1,718			(399	)		(668	)
Increase (Decrease) in Net Assets		4,201			6,090			1,983			1,939
NET ASSETS
Beginning of Period		22,979			16,889			14,439			12,500
End of Period	$	27,180		$	22,979		$	16,422		$	14,439
Undistributed (Accumulated) Net Investment Income (Loss)	$	(38	)	$	96		$	3		$	115

(1)  Amount rounds to less than $1 (in thousands).

See accompanying notes to financial statements.
25

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Statements of Changes in Net Assets

	TCW Emerging Markets Income Fund						TCW Global Equities Fund
	Six Months Ended April 30, 2007 (Unaudited)			Year Ended October 31, 2006			Six Months Ended April 30, 2007 (Unaudited)			Year Ended October 31, 2006
OPERATIONS
Net Investment Income (Loss)	$	1,823		$	3,019		$	254		$	332
Net Realized Gain on Investments and Foreign Currency Transactions		523			2,869			3,416			5,875
Change in Unrealized Appreciation (Depreciation) on Investments and Foreign Currency Transactions		(181	)		(959	)		579			2,330
Increase in Net Assets Resulting from Operations		2,165			4,929			4,249			8,537
DISTRIBUTIONS TO SHAREHOLDERS
Distributions from Net Investment Income:
I Class		(995	)		(3,330	)		(166	)		—
N Class		(3	)		—			—			—
Distributions from Net Realized Gain:
I Class		(1,833	)		(2,031	)		—			—
N Class		(3	)		—			—			—
Total Distributions to Shareholders		(2,834	)		(5,361	)		(166	)		—
NET CAPITAL SHARE TRANSACTIONS
I Class		(17,265	)		(18,609	)		1,158			17,044
N Class		318			31			349			8
K Class		—			—			—			(5	)(1)
Redemption Fees (Note 2)		—	(2)		10			—	(2)		—	(2)
Increase (Decrease) in Net Assets Resulting from Net Capital Share Transactions		(16,947	)		(18,568	)		1,507			17,047
Increase (Decrease) in Net Assets		(17,616	)		(19,000	)		5,590			25,584
NET ASSETS
Beginning of Period		50,810			69,810			52,107			26,523
End of Period	$	33,194		$	50,810		$	57,697		$	52,107
Undistributed (Accumulated) Net Investment Income (Loss)	$	825		$	—		$	179		$	91

(1)  For the period November 1, 2005 through December 30, 2005 (Liquidation date of the K Class shares).

(2)  Amount rounds to less than $1 (in thousands).

See accompanying notes to financial statements.
26

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Notes to Financial Statements (Unaudited) April 30, 2007

Note 1 — Organization

TCW Funds, Inc., a Maryland corporation (the "Company"), is an open-end management investment company registered under the Investment Company Act of 1940, as amended, (the "1940 Act"), that currently offers 27 no-load mutual funds (the "Funds"). TCW Investment Management Company (the "Advisor") is the investment advisor to the Funds and is registered under the Investment Advisors Act of 1940. Société Générale Asset Management International Ltd. ("SGUK") (regulated by the Financial Services Authority in the United Kingdom) is a sub-advisor to the TCW Emerging Markets Equities Fund and the TCW Global Equities Fund. SGY Asset Management (Singapore) Ltd. ("SGY") is a sub-advisor to the TCW Asia Pacific Equities Fund. The Advisor, SGUK and SGY are second-tier subsidiaries of Société Générale Asset Management, S.A. Each Fund has distinct investment objectives. The following are the objectives for the 4 International Funds that are covered in this report:

TCW Fund	Investment Objective
Non-Diversified Equity Funds
TCW Asia Pacific Equities Fund	Seeks long-term capital appreciation by investing in equity securities of companies in the Asia Pacific Region, except Australia, Japan, and New Zealand, or securities convertible into such equity securities.
TCW Emerging Markets Equities Fund	Seeks long-term capital appreciation by investing in equity securities of companies in emerging market countries around the world.
TCW Global Equities Fund	Seeks long-term capital appreciation by investing in equity securities of companies located in countries in the MSCI World Index.
Non-Diversified Fixed Income Fund
TCW Emerging Markets Income Fund	Seeks high total return from current income and capital appreciation by investing in debt securities issued by emerging market country governments, their agencies or instrumentalities, or emerging market private corporate issuers.

The TCW Emerging Markets Income Fund and the TCW Global Equities Fund offer two classes of shares: I Class and the N Class. All other International Funds offer only the I Class shares. The classes are substantially the same except that the N Class shares are subject to a distribution fee.

TCW Global Equities Fund invests in the affiliated TCW Money Market Fund. The TCW Global Equities Fund's ownership percentage in the TCW Money Market Fund is less than 0.01%.

A copy of the TCW Money Market Fund's financial statements is available by calling 800-FUND-TCW (800-386-3829) or by going to the SEC website at http:// www.sec.gov.

27

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Notes to Financial Statements (Unaudited) (Continued)

Note 2 — Significant Accounting Policies

The following is a summary of significant accounting policies, which are in conformity with accounting principles generally accepted in the United States of America and which are consistently followed by the Funds in the preparation of their financial statements.

Principles of Accounting: The Funds use the accrual method of accounting for financial reporting purposes.

Net Asset Value: The Net Asset Value of each Fund's shares is determined by dividing the net assets of the Fund by the number of issued and outstanding shares of the Fund on each business day as of 1:00 p.m. Pacific Standard/Daylight Time.

Security Valuations: Securities listed or traded on the New York, American or other stock exchanges are valued at the latest sale price on that exchange (if there were no sales that day, the security is valued at the latest bid price). All other securities for which over-the-counter market quotations are readily available are valued at the latest bid price.

The Company has adopted, after the approval by the Company's Board of Directors, a fair valuation methodology for the Funds that invest in foreign equity securities (exclusive of Latin American equity securities) to prevent "time zone arbitrage." This methodology is designed to address the effect of movements in the U.S. market on the securities traded on a foreign exchange that has been closed for a period of time due to time zone difference. The utilization of the fair value model may result in the adjustment of prices taking into account fluctuations in the U.S. market. The fair value model will be utilized each trading day and will not be dependent on certain thresholds or triggers.

Securities for which market quotations are not readily available, including circumstances under which it is determined by the Advisor that sale or bid prices are not reflective of a security's market value, are valued at their fair value as determined in good faith under procedures established by and under the general supervision of the Company's Board of Directors.

Short-term debt securities with remaining maturities of 60 days or less at the time of purchase are valued at amortized cost. Other short-term debt securities are valued on a marked-to-market basis until such time as they reach a remaining maturity of 60 days, whereupon are valued at amortized value using their value of the 61st day prior to maturity.

Redemption Fees: The International Funds impose a short-term redemption fee on shares owned less than 90 days equal to 2% of the value of the shares redeemed. Redemption fees are recorded by the Funds as additional paid-in capital. For the six months ended April 30, 2007, each of the TCW Asia Pacific Equities Fund, the TCW Emerging Markets Equities Fund, the TCW Emerging Markets Income Fund and the TCW Global Equities Fund received redemption fees that amounted to less than $1,000.

Security Transactions and Related Investment Income: Security transactions are recorded as of the trade date. Dividend income is recorded on the ex-dividend date. Interest income is recognized on an accrual basis. Premiums and discounts on securities purchased are amortized over the life of the respective securities using a constant yield to maturity method. Realized gains and losses on investments are recorded on the basis of specific identification.

Foreign Currency Translation: The books and records of each Fund are maintained in U.S. dollars as follows: (1) the foreign currency market value of investment securities, and other assets and liabilities stated in foreign currencies, are translated using the daily spot rate; and (2) purchases, sales, income and expenses are translated at the rate of exchange prevailing on the respective dates of such transactions. The resultant exchange gains and losses are included in the Statements of Operations with the related net realized or net unrealized gain or loss. Pursuant to U.S. federal income tax regulations, certain foreign

28

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

April 30, 2007

Note 2 — Significant Accounting Policies (Continued)

exchange gains and losses included in realized and unrealized gains and losses are considered ordinary income for federal income tax purposes.

Foreign Taxes: The Funds may be subject to withholding taxes on income and capital gains imposed by certain countries in which they invest. The withholding tax on income is netted against the income accrued or received. Any reclaimable taxes are recorded as income. The withholding tax on realized or unrealized gain is recorded as a liability.

Forward Foreign Currency Contracts: Certain Funds may enter into forward foreign currency contracts as a hedge against fluctuations in foreign exchange rates. Forward foreign currency contracts are marked-to-market daily and the change in market value is recorded by the Fund as an unrealized gain or loss on the Statement of Assets and Liabilities. When the contract is closed or delivery is taken, the Fund records a realized gain or loss equal to the difference between the value of the contract at the time it was opened and the value at the time it was closed. Risks may arise upon entering into these contracts from the potential inability of counterparties to meet the terms of their contracts and from unanticipated movements in the value of the foreign currency relative to the U.S. dollar. There were no forward foreign currency contracts outstanding at April 30, 2007.

Repurchase Agreements:   The Funds may invest in repurchase agreements secured by U.S. Government obligations and by other securities. Securities pledged as collateral for repurchase agreements are held by the Funds' custodian bank until maturity of the repurchase agreements. Provisions of the agreements ensure that the market value of the collateral is sufficient in the event of default; however, in the event of default or bankruptcy by the other party to the agreements, realization and/or retention of the collateral may be subject to legal proceedings. There were no repurchase agreements outstanding at April 30, 2007.

Security Lending: The Funds may lend their securities to qualified brokers. The loans are collateralized at all times with cash or other money market instruments or U.S. Government securities with a market value at least equal to the market value of the securities on loan. As with any extensions of credit, the Funds may bear the risk of delay in recovery or even loss of rights in the collateral if the borrowers of the securities fail financially. The Funds earn additional income for lending their securities by investing the cash collateral in short-term investments. See Note 3.

Options: Premiums received from call options written are recorded as a liability. The amount of the liability is subsequently adjusted to reflect the current market value of the option written. If the option expires unexercised, premiums received are realized as a gain at expiration date. If the position is closed prior to expiration, a gain or loss is realized based on premiums received, less the cost to close the option. When an option is exercised, premiums received are added to the proceeds from the sale of the underlying securities and a gain or loss is realized. Call options purchased are accounted for in the same manner as portfolio securities and are included in the Schedule of Investments. The cost of securities acquired through the exercise of call options is increased by premiums paid.

Allocation of Operating Activity for Multiple Classes: Investment income, common expenses and realized and unrealized gains and losses are allocated among the classes of shares of the Fund based on the relative net assets of each class. Distribution fees, which are directly attributable to a class of shares, are charged to the operations of that class. All other expenses are charged to each Fund or class as incurred on a specific identification basis. Differences in class specific fees and expenses will result in differences in net investment income and, therefore, the payment of different per share dividends for each class.

Dividends and Distributions:  Dividends and distributions to shareholders are recorded on the ex-dividend date. The TCW Emerging Markets Income Fund declares and pays, or reinvests, dividends from net investment income monthly. All other Funds declare and pay, or reinvest, dividends from net

29

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Notes to Financial Statements (Unaudited) (Continued)

Note 2 — Significant Accounting Policies (Continued)

investment income annually. Distributions of any net long-term and net short-term capital gains earned by a Fund will be distributed at least annually.

Income and capital gain distributions are determined in accordance with income tax regulations which may differ from accounting principles generally accepted in the United States of America. These differences are primarily due to differing treatments for foreign currency transactions, market discount and premium, losses deferred due to wash sales, excise tax regulations and employing equalization in determining amounts to be distributed to fund shareholders. Permanent book and tax basis differences relating to shareholder distributions will result in reclassifications between paid-in capital, undistributed net investment income (loss), and/or undistributed realized gain (loss). Undistributed net investment income or loss may include temporary book and tax basis differences which will reverse in a subsequent period. Any taxable income or capital gain remaining at fiscal year end is distributed in the following year.

Use of Estimates: The preparation of the accompanying financial statements requires management to make estimates and assumptions that affect the reported amount of assets and liabilities at the date of the financial statements and the reported amounts of income and expenses during the reporting period. Actual results could differ from these estimates.

Note 3 — Security Lending

The Funds listed below have outstanding securities on loan at April 30, 2007. The loans were collateralized with cash, which was invested in short-term instruments. Income from these investments, net of broker fees, is shown on the Statement of Operations (amounts in thousands).

	Market Value of Loaned Securities		Collateral Value
TCW Emerging Markets Equities Fund	$	1,715	$	1,804
TCW Global Equities Fund		2,937		3,029

Note 4 — Federal Income Taxes

It is the policy of each Fund to comply with the requirements under Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute all of its net taxable income, including any net realized gains on investments, to its shareholders. Therefore, no federal income tax provision is required.

At April 30, 2007, net unrealized appreciation (depreciation) on investments for federal income tax purposes was as follows (amounts in thousands):

	TCW Asia Pacific Equities Fund			TCW Emerging Markets Equities Fund			TCW Emerging Markets Income Fund			TCW Global Equities Fund
Unrealized Appreciation	$	8,369		$	2,485		$	2,183		$	4,510
Unrealized (Depreciation)		(64	)		(293	)		(952	)		(849	)
Net Unrealized Appreciation	$	8,305		$	2,192		$	1,231		$	3,661
Cost of Investments for Federal Income Tax Purposes	$	18,619		$	15,971		$	32,537		$	56,994

30

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

April 30, 2007

Note 5 — Fund Expenses

The Funds pay to the Advisor, as compensation for services rendered, facilities furnished and expenses borne by it, the following annual management fees as a percentage of daily net asset value:

TCW Asia Pacific Equities Fund	1.00	%
TCW Emerging Markets Equities Fund	1.00	%
TCW Emerging Markets Income Fund	0.75	%
TCW Global Equities Fund	0.75	%

In addition to the management fees, the Funds reimburse, with approval by the Company's Board of Directors, the Advisor's costs associated in support of the Funds' Rule 38a-1 compliance obligations. These amounts are allocated to each Fund based on the net management fees paid and are included on the Statement of Operations.

The operating expenses for I and N Classes are limited to the average of the total expense ratios for comparable funds as reported by Lipper, Inc. ("Lipper Average") for each fund's respective investment objective, which is subject to change on a monthly basis. This expense limitation is voluntary and is terminable on a six months notice. At April 30, 2007, the average expense ratios reported by Lipper, Inc. as they relate to each Fund/class were as follows:

TCW Asia Pacific Equities Fund	1.72	%
TCW Emerging Markets Equities Fund	1.85	%
TCW Emerging Markets Income Fund	1.40	%
TCW Global Equities Fund	1.57	%

The amount borne by the Advisor when the operating expenses of a Fund are in excess of the Lipper Average cannot be recaptured in the subsequent fiscal years. The Advisor can recapture expenses only within a given fiscal year for that year's operating expenses.

Note 6 — Distribution Plan

TCW Brokerage Services ("Distributor"), an affiliate of the Advisor, serves as the nonexclusive distributor of each class of the Company's shares. The Company has a distribution plan pursuant to Rule 12b-1 under the 1940 Act with respect to the N Class shares of each Fund. Under the terms of the plan, each Fund compensates the distributor at a rate equal to 0.25% of the average daily net assets of the Fund attributable to its N Class shares for distribution and related services.

Note 7 — Transactions with Affiliates

The summary of TCW Global Equities Fund's transactions in the securities of affiliated issuers for the six months ended April 30, 2007, is as follows:

Name of Affiliated Issuer	Number of Shares Held Beginning of Period		Gross Additions		Gross Reductions		Number of Shares Held End of Period		Value at End of Period (in thousands)		Dividends and Interest Income (in thousands)		Net Realized Gain (Loss) (in thousands)
TCW Money Market Fund		36,071		908		—		36,979	$	37	$	1	$	—

31

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Notes to Financial Statements (Unaudited) (Continued)

Note 8 — Purchases and Sales of Securities

Investment transactions (excluding short-term investments) for six months ended April 30, 2007, were as follows (amounts in thousands):

TCW Asia Pacific	TCW Emerging Markets Equities Fund		TCW Emerging Markets Equities Fund		TCW Global Income Fund		Equities Fund
Purchases at Cost	$	7,584	$	7,603	$	15,576	$	61,950
Sales Proceeds	$	7,804	$	8,118	$	35,165	$	58,374

There were no purchases or sales of U.S. Government securities for the six months ended April 30, 2007.

Note 9 — Capital Share Transactions

Transactions in each Fund's shares were as follows:

TCW Asia Pacific Equities Fund I Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		26,303		$	361			50,014		$	566
Shares Issued upon Reinvestment of Dividends		143,134			1,844			130,547			1,384
Shares Redeemed		(30,727	)		(406	)		(19,144	)		(232	)
Net Increase		138,710		$	1,799			161,417		$	1,718
TCW Emerging Markets Equities Fund I Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		84,947		$	1,505			462,483		$	7,046
Shares Issued upon Reinvestment of Dividends		5,971			106			11,694			166
Shares Redeemed		(111,545	)		(2,010	)		(559,581	)		(7,886	)
Net Decrease		(20,627	)	$	(399	)		(85,404	)	$	(674	)
TCW Emerging Markets Income Fund I Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		254,895		$	1,988			1,422,927		$	11,376
Shares Issued upon Reinvestment of Dividends		354,083			2,732			589,819			4,680
Shares Redeemed		(2,753,984	)		(21,985	)		(4,351,595	)		(34,665	)
Net Decrease		(2,145,006	)	$	(17,265	)		(2,338,849	)	$	(18,609	)

32

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

April 30, 2007

Note 9 — Capital Share Transactions (Continued)

TCW Emerging Markets Income Fund N Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		32,151		$	313			3,188		$	31
Shares Issued upon Reinvestment of Dividends		615			6			—			—
Shares Redeemed		(86	)		(1	)		—			—
Net Increase		32,680		$	318			3,188		$	31
TCW Global Equities Fund I Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		101,437		$	1,444			2,539,693		$	32,479
Shares Issued upon Reinvestment of Dividends		10,539			148			—			—
Shares Redeemed		(30,587	)		(434	)		(1,190,326	)		(15,435	)
Net Increase		81,389		$	1,158			1,349,367		$	17,044
TCW Global Equities Fund N Class	Six Months Ended April 30, 2007 (Unaudited)						Year Ended October 31, 2006
	Shares			(in thousands)			Shares			(in thousands)
Shares Sold		24,920		$	351			589		$	8
Shares Redeemed		(154	)		(2	)		—			—
Net Increase		24,766		$	349			589		$	8

TCW Global Equities Fund K Class	For the Period November 1, 2005 through December 30, 2005 (Liquidation of the K Class shares)
	Shares			(in thousands)
Shares Redeemed		(454	)	$	(5	)
Net Decrease		(454	)	$	(5	)

Note 10 — Restricted Securities

The Funds are permitted to invest in securities that are subject to legal or contractual restrictions on resale. These securities generally may be resold in transactions exempt from registration or to the public if the securities are registered. Disposal of these securities may involve time consuming negotiations and expense, and prompt sale at an acceptable price may be difficult. There were no restricted securities (excluding 144A and Reg. S issues) at April 30, 2007.

Note 11 — Recently Issued Accounting Pronouncements

In June 2006, the Financial Accounting Standards Board ("FASB") issued FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes — an interpretation of FASB Statement No. 109 ("FIN 48"). FIN 48 clarifies the accounting for uncertainty in income taxes recognized in a fund's financial statements in accordance with FASB Statement No. 109, Accounting for Income Taxes. FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax

33

INTERNATIONAL AND GLOBAL FUNDS

TCW Funds, Inc.

Notes to Financial Statements (Unaudited) (Continued)

Note 11 — Recently Issued Accounting Pronouncements (Continued)

position taken or expected to be taken in a tax return. It also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. FIN 48 is effective for fiscal years beginning after December 15, 2006. Management is currently evaluating the impact, if any, of applying the various provisions of FIN 48 on the Funds' financial statements.

In September 2006, FASB issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements ("SFAS 157"). SFAS 157 defines fair value, establishes a framework for measuring fair value in accordance with accounting principles generally accepted in the United States of America and expands disclosure about fair value measurements. SFAS 157 is effective for fiscal years beginning after November 15, 2007, and will be implemented in the future financial reports.

34

TCW Asia Pacific Equities Fund

Financial Highlights — I Class

	Six Months Ended April 30, 2007			Year Ended October 31,
	(Unaudited)			2006			2005			2004			2003			2002
Net Asset Value per Share, Beginning of Period	$	12.65		$	10.21		$	9.09		$	8.92		$	6.61		$	6.20
Income (Loss) from Investment Operations:
Net Investment Income (Loss) (1)		(0.01	)		0.08			0.15			0.05			0.02			(0.03	)
Net Realized and Unrealized Gain on Investments		2.30			3.27			1.39			0.15			2.29			0.44
Total from Investment Operations		2.29			3.35			1.54			0.20			2.31			0.41
Less Distributions:
Distributions from Net Investment Income		(0.07	)		(0.13	)		(0.04	)		(0.03	)		—			—
Distributions from Net Realized Gain		(0.97	)		(0.78	)		(0.38	)		—			—			—
Total Distributions		(1.04	)		(0.91	)		(0.42	)		(0.03	)		—			—
Redemption Fees		—	(2)		—	(2)		—	(2)		—			—			—
Net Asset Value per Share, End of Period	$	13.90		$	12.65		$	10.21		$	9.09		$	8.92		$	6.61
Total Return		18.75	% (3)		34.52	%		17.26	%		2.28	%		34.95	%		6.61	%
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	27,180		$	22,979		$	16,889		$	11,678		$	12,132		$	8,777
Ratio of Expenses to Average Net Assets (4)		1.76	% (5)		1.85	%		1.97	%		2.10	%		2.21	%		2.13	%
Ratio of Net Investment Income (Loss) to Average Net Assets		(0.11	)% (5)		0.73	%		1.50	%		0.55	%		0.32	%		(0.40	)%
Portfolio Turnover Rate		30.44	% (3)		131.13	%		192.31	%		119.25	%		137.49	%		88.24	%

(1)  Computed using average shares outstanding throughout the period.

(2)  Amount rounds to less than $0.01 per share.

(3)  For the six months ended April 30, 2007, and not indicative of a full year's operating results.

(4)  The Investment Advisor paid the operating expenses of the Fund, to the extent necessary to limit the annual operating expenses of the Fund to an amount not to exceed the trailing monthly expense ratio for comparable funds as reported by Lipper, Inc. The expense limitation is voluntary and is terminable on six months notice. Had such action not been taken, total annualized operating expenses, as a percentage of average net assets, would have been 1.79% for the six months ended April 30, 2007 and 2.05%, 2.46%, 2.45%, 2.48%, and 2.18% for the years ended October 31, 2006, 2005, 2004, 2003, and 2002, respectively.

(5)  Annualized.

See accompanying notes to financial statements.
35

TCW Emerging Markets Equities Fund

Financial Highlights — I Class

	Six Months Ended April 30, 2007			Year Ended October 31,
	(Unaudited)			2006			2005			2004			2003			2002
Net Asset Value per Share, Beginning of Period	$	16.17		$	12.78		$	10.12		$	8.95		$	6.42		$	6.24
Income (Loss) from Investment Operations:
Net Investment Income (1)		—	(2)		0.16			0.21			0.11			0.06			0.08
Net Realized and Unrealized Gain on Investments		2.79			3.45			2.65			1.14			2.56			0.18
Total from Investment Operations		2.79			3.61			2.86			1.25			2.62			0.26
Less Distributions:
Distributions from Net Investment Income		(0.13	)		(0.23	)		(0.20	)		(0.08	)		(0.09	)		(0.08	)
Redemption Fees		—	(2)		0.01			—	(2)		—			—			—
Net Asset Value per Share, End of Period	$	18.83		$	16.17		$	12.78		$	10.12		$	8.95		$	6.42
Total Return		17.33	% (3)		28.59	%		28.70	%		14.01	%		41.32	%		4.14	%
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	16,422		$	14,439		$	12,500		$	8,155		$	19,367		$	24,504
Ratio of Expenses to Average Net Assets		1.88	% (4)(5)		1.94	% (4)		2.03	% (4)		2.11	% (4)		1.85	%		1.64	%
Ratio of Net Investment Income to Average Net Assets		0.04	% (5)		1.02	%		1.80	%		1.12	%		0.90	%		1.16	%
Portfolio Turnover Rate		49.78	% (3)		149.58	%		84.22	%		137.15	%		47.98	%		17.34	%

(1)  Computed using average shares outstanding throughout the period.

(2)  Amount rounds to less than $0.01 per share.

(3)  For the six months ended April 30, 2007 and not indicative of a full year's operating results.

(4)  The Investment Advisor paid the operating expenses of the Fund, to the extent necessary to limit the annual operating expenses of the Fund to an amount not to exceed the trailing monthly expense ratio for comparable funds as reported by Lipper, Inc. The expense limitation is voluntary and is terminable on six months notice. Had such action not been taken, total annualized operating expenses, as a percentage of average net assets, would have been 2.03% for the six months ended April 30, 2007 and 2.40%, 2.45% and 2.12% for the years ended October 31, 2006, 2005 and 2004, respectively.

(5)  Annualized.

See accompanying notes to financial statements.
36

TCW Emerging Markets Income Fund

Financial Highlights — I Class

	Six Months Ended April 30, 2007			Year Ended October 31,
	(Unaudited)			2006			2005			2004			2003			2002
Net Asset Value per Share, Beginning of Period	$	7.99		$	8.03		$	7.98		$	9.60		$	7.93		$	8.21
Income (Loss) from Investment Operations:
Net Investment Income (1)		0.39			0.40			0.55			0.61			0.79			0.76
Net Realized and Unrealized Gain on Investments		0.09			0.24			0.25			0.38			1.73			0.25
Total from Investment Operations		0.48			0.64			0.80			0.99			2.52			1.01
Less Distributions:
Distributions from Net Investment Income		(0.23	)		(0.45	)		(0.46	)		(0.49	)		(0.71	)		(0.71	)
Distributions from Net Realized Gain		(0.43	)		(0.23	)		(0.28	)		(2.12	)		(0.14	)		(0.58	)
Total Distributions		(0.66	)		(0.68	)		(0.74	)		(2.61	)		(0.85	)		(1.29	)
Redemption Fees		—	(2)		—	(2)		(0.01	)		—			—			—
Net Asset Value per Share, End of Period	$	7.81		$	7.99		$	8.03		$	7.98		$	9.60		$	7.93
Total Return		6.24	% (3)		8.31	%		10.06	%		12.53	%		33.06	%		12.96	%
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	32,841		$	50,779		$	69,810		$	49,703		$	46,794		$	81,758
Ratio of Expenses to Average Net Assets		1.33	% (4)		1.17	%		1.16	%		1.20	%		1.07	%		1.10	%
Ratio of Net Investment Income to Average Net Assets		10.02	% (4)		4.97	%		6.83	%		7.74	%		8.76	%		9.52	%
Portfolio Turnover Rate		43.63	% (3)		149.79	%		92.86	%		79.63	%		115.50	%		73.13	%

(1)  Computed using average shares outstanding throughout the period.

(2)  Amount rounds to less than $0.01 per share.

(3)  For the six months ended April 30, 2007 and not indicative of a full year's operating results.

(4)  Annualized.

See accompanying notes to financial statements.
37

TCW Emerging Markets Income Fund

Financial Highlights — N Class

	Six Months Ended April 30, 2007			Year Ended October 31,						March 1, 2004 (Commencement of Offering of N Class Shares) through
	(Unaudited)			2006			2005			October 31, 2004
Net Asset Value per Share, Beginning of Period	$	9.77		$	9.08		$	8.30		$	7.72
Income (Loss) from Investment Operations:
Net Investment Income (1)		0.49			0.48			6.40			0.27
Net Realized and Unrealized Gain (Loss) on Investments		0.10			0.21			(5.62	)		0.31
Total from Investment Operations		0.59			0.69			0.78			0.58
Less Distributions:
Distributions from Net Investment Income		(0.08	)		—			—			—
Distributions from Net Realized Gain		(0.43	)		—			—			—
Total Distributions		(0.51	)		—			—			—
Net Asset Value per Share, End of Period	$	9.85		$	9.77		$	9.08		$	8.30
Total Return		6.12	% (2)		7.60	%		9.40	%		7.51	% (3)
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	353		$	31		$	—	(4)	$	—	(4)
Ratio of Expenses to Average Net Assets (5)		1.40	% (6)		1.36	%		1.47	%		1.50	% (6)
Ratio of Net Investment Income to Average Net Assets		10.02	% (6)		4.97	%		6.83	%		5.24	% (6)
Portfolio Turnover Rate		43.63	% (2)		149.79	%		92.86	%		79.63	% (7)

(1)  Computed using average shares outstanding throughout the period.

(2)  For the six months ended April 30, 2007 and not indicative of a full year's operating results.

(3)  For the period March 1, 2004 (Commencement of Offering of N Class Shares) through October 31, 2004, and not indicative of a full year's operating results.

(4)  Amount rounds to less than $1 (in thousands).

(5)  The Investment Advisor paid the operating expenses of the Fund, to the extent necessary to limit annual operating expenses of the Fund to an amount not to exceed the trailing monthly expense ratio for comparable funds as reported by Lipper, Inc. The expense limitation is voluntary and is terminable on six months notice. Had such actions not been taken, total annualized operating expenses, as a percentage of average net assets, would have been 7.49% for the six months ended April 30, 2007, 353.50% and 899.58% for the years ended October 31, 2006 and 2005, respectively, and 22.68% for the period March 1, 2004 (Commencement of Offering of N Class Shares) through October 31, 2004.

(6)  Annualized.

(7)  Represents the Fund's portfolio turnover for the year ended October 31, 2004.

See accompanying notes to financial statements.
38

TCW Global Equities Fund

Financial Highlights — I Class

	Six Months Ended April 30, 2007			Year Ended October 31,
	(Unaudited)			2006			2005			2004			2003			2002
Net Asset Value per Share, Beginning of Period	$	13.82		$	10.96		$	9.44		$	8.65		$	6.92		$	8.32
Income (Loss) from Investment Operations:
Net Investment Income (Loss) (1)		0.07			0.09			—	(2)		(0.03	)		—	(2)		0.01
Net Realized and Unrealized Gain (Loss) on Investments		1.04			2.77			1.52			0.82			1.73			(1.41	)
Total from Investment Operations		1.11			2.86			1.52			0.79			1.73			(1.40	)
Less Distributions:
Distributions from Net Investment Income		(0.04	)		—			—			—			—			—
Redemption Fees		—	(2)		—	(2)		—			—			—			—
Net Asset Value per Share, End of Period	$	14.89		$	13.82		$	10.96		$	9.44		$	8.65		$	6.92
Total Return		8.08	% (3)		26.10	%		16.10	%		9.13	%		25.00	%		(16.83	)%
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	57,319		$	52,099		$	26,518		$	14,293		$	25,206		$	36,661
Ratio of Expenses to Average Net Assets		1.15	% (4)		1.28	%		1.63	%		1.72	% (5)		1.58	%		1.17	%
Ratio of Net Investment Income (Loss) to Average Net Assets		0.94	% (4)		0.74	%		0.03	%		(0.36	)%		0.02	%		0.16	%
Portfolio Turnover Rate		109.40	% (3)		209.16	%		114.71	%		101.73	%		92.92	%		123.93	%

(1)  Computed using average shares outstanding throughout the period.

(2)  Amount rounds to less than $0.01 per share.

(3)  For six months ended April 30, 2007 and not indicative of a full year's operating expense.

(4)  Annualized.

(5)  The Investment Advisor paid the operating expenses of the Fund, to the extent necessary to limit annual operating expenses of the Fund to an amount not to exceed the trailing monthly expense ratio for comparable funds as reported by Lipper, Inc. The expense limitation is voluntary and is terminable on six months notice. Had such action not been taken, total operating expenses, as a percentage of average net assets, would have been 2.50% for the year ended October 31, 2004.

See accompanying notes to financial statements.
39

TCW Global Equities Fund

Financial Highlights — N Class

	Six Months Ended April 30, 2007			Year Ended October 31,									February 1, 2003 (Commencement of Offering of N Class Shares) through
	(Unaudited)			2006			2005			2004			October 31, 2003
Net Asset Value per Share, Beginning of Period	$	13.81		$	10.96		$	9.44		$	8.65		$	6.56
Income from Investment Operations:
Net Investment Income (1)		0.07			—	(2)		0.01			0.67			0.02
Net Realized and Unrealized Gain on Investments		1.01			2.85			1.51			0.12			2.07
Total from Investment Operations		1.08			2.85			1.52			0.79			2.09
Net Asset Value per Share, End of Period	$	14.89		$	13.81		$	10.96		$	9.44		$	8.65
Total Return		7.82	% (3)		26.00	%		16.10	%		9.13	%		31.86	% (4)
Ratios/Supplemental Data:
Net Assets, End of Period (in thousands)	$	378		$	8		$	—	(5)	$	—	(5)	$	—	(5)
Ratio of Expenses to Average Net Assets		1.58	% (6)(7)		1.51	% (6)		1.84	%		1.72	% (6)		1.74	% (6)(7)
Ratio of Net Investment Income to Average Net Assets		0.96	% (7)		0.02	%		0.08	%		7.10	%		0.43	% (7)
Portfolio Turnover Rate		109.40	% (3)	$	209.16	%		114.71	%		101.73	%		92.92	% (8)

(1)  Computed using average shares outstanding throughout the period.

(2)  Amount rounds to less than $0.01 per share.

(3)  For six months ended April 30, 2007 and not indicative of a full year's operating results.

(4)  For the period February 1, 2003 (Commencement of Offering of N Class Shares) through October 31, 2003 and not indicative of a full year's operating results.

(5)  Amount rounds to less than $1 (in thousands).

(6)  The Investment Advisor paid the operating expenses of the Fund, to the extent necessary to limit annual operating expenses of the Fund to an amount not to exceed the trailing monthly expense ratio for comparable funds as reported by Lipper, Inc. The expense limitation is voluntary and is terminable on six months notice. Had such action not been taken, total annualized operating expenses, as a percentage of average net assets, would have been 6.35% for the six months ended April 30, 2007, 2,363.67% and 1,241.21% for the years ended October 31, 2006 and October 31, 2004, respectively, and 7,514.10% for the period February 1, 2003 (Commencement of Offering of N Class Shares) through October 31, 2003.

(7)  Annualized.

(8)  Represents the Fund's portfolio turnover for the year ended October 31, 2003.

See accompanying notes to financial statements.
40

INTERNATIONAL

TCW Funds, Inc.

Shareholder Expenses (Unaudited) April 30, 2007

As a shareholder of a TCW Fund, you incur ongoing operational costs of a fund, including management fees and other fund expenses. The following example is intended to help you understand your ongoing costs (in dollars and cents) of investing in a Fund and to compare these costs with the ongoing costs of investing in other funds.

The example is based on an investment of $1,000 invested at the beginning of the period and held for the entire period from November 1, 2006 to April 30, 2007.

Actual Expenses The first line under each Fund in the table below provides information about the actual account values and actual expenses. You may use the information in this line, together with the amount you invested, to estimate the expenses that you paid over the period. Simply divide your account value by $1,000 (for example, an $8,600 account value divided by $1,000 = 8.6), then multiply the result by the number in the first line for your Fund under the heading entitled "Expenses Paid During Period" to estimate the expenses you paid on your account during this period.

Hypothetical Example for Comparison Purposes The second line under each Fund in the table below provides information about the hypothetical expenses based on each Fund's actual expense ratio and an assumed rate of return of 5% per year before expenses, which is not the Fund's actual return. The hypothetical account value and expenses may not be used to estimate the actual ending account balance or expenses you paid for the period. You may use this information to compare the ongoing costs of investing in your Fund and other funds. To do so, compare this 5% hypothetical example with the 5% hypothetical examples that appear in the shareholder reports of the other funds.

TCW Funds, Inc.	Beginning Account Value November 1, 2006		Ending Account Value April 30, 2007		Annualized Expense Ratio			Expenses Paid During Period (November 1, 2006 to April 30, 2007)
TCW Asia Pacific Equities Fund
I Class Shares
Actual	$	1,000.00	$	1,187.50		1.76	%	$	9.55
Hypothetical (5% return before expenses)		1,000.00		1,016.07		1.76	%		8.80
TCW Emerging Markets Equities Fund
I Class Shares
Actual	$	1,000.00	$	1,173.30		1.88	%	$	10.13
Hypothetical (5% return before expenses)		1,000.00		1,015.47		1.88	%		9.39
TCW Emerging Markets Income Fund
I Class Shares
Actual	$	1,000.00	$	1,062.40		1.33	%	$	6.80
Hypothetical (5% return before expenses)		1,000.00		1,018.20		1.33	%		6.66
N Class Shares
Actual	$	1,000.00	$	1,061.20		1.40	%	$	7.15
Hypothetical (5% return before expenses)		1,000.00		1,017.85		1.40	%		7.00
TCW Global Equities Fund
I Class Shares
Actual	$	1,000.00	$	1,080.80		1.15	%	$	5.93
Hypothetical (5% return before expenses)		1,000.00		1,019.09		1.15	%		5.76
N Class Shares
Actual	$	1,000.00	$	1,078.20		1.58	%	$	8.14
Hypothetical (5% return before expenses)		1,000.00		1,016.96		1.58	%		7.90

41

TCW Funds, Inc.

Proxy Voting Guidelines

The policies and procedures that the Company uses to determine how to vote proxies are available without charge. The Board of Directors of the Company has delegated the Company's proxy voting authority to the Advisor.

Disclosure of Proxy Voting Guidelines

The proxy voting guidelines of the Advisor are available:

1.  By calling 800-FUND-TCW (800-386-3829) to obtain a hard copy; or

2.  By going to the SEC website at http://www.sec.gov.

When the Company receives a request for a description of the Advisor's proxy voting guidelines, it will deliver the description that is disclosed in the Company's Statement of Additional Information. This information will be sent out via first class mail (or other means designed to ensure equally prompt delivery) within three business days of receiving the request.

The Advisor, on behalf of the Company, shall prepare and file Form N-PX with the SEC not later than August 31 of each year, which shall include the Company's proxy voting record for the most recent twelve-month period ended June 30 of that year. The Company's proxy voting record for the most recent twelve-month period ended June 30 is available:

1.  By calling 800-FUND-TCW (800-386-3829) to obtain a hard copy; or

2.  By going to the SEC website at http://www.sec.gov.

When the Company receives a request for the Company's proxy voting record, it will send the information disclosed in the Company's most recently filed report on Form N-PX via first class mail (or other means designed to ensure equally prompt delivery) within three business days of receiving the request.

The Company also discloses its proxy voting record on its website as soon as is reasonably practicable after its report on Form N-PX is filed with the SEC.

Availability of Quarterly Portfolio Schedule

The Company files a complete schedule of its portfolio holdings with the SEC for the first and third quarters of its fiscal year on Form N-Q. The Form N-Q is available by calling 800-FUND-TCW (800-386-3829) to obtain a hard copy. You may also obtain the Company's Form N-Q:

1.  By going to the SEC website at http://www.sec.gov.; or

2.  By visiting the SEC's Public Reference Room in Washington, D.C. and photocopying it (Phone 1-800-SEC-0330 for information on the operation of the SEC's Public Reference Room).

42

Investment Advisor

TCW Investment Management Company

865 South Figueroa Street

Los Angeles, California 90017

(800) FUND-TCW

Transfer Agent

U.S. Bancorp Fund Services, LLC

615 E. Michigan Street

Milwaukee, Wisconsin 53202

Independent Auditors

Deloitte & Touche, LLP

350 South Grand Avenue

Los Angeles, California 90071

Custodian & Administrator

Investors Bank & Trust Company

200 Clarendon Street

Boston, Massachusetts 02116

Distributor

TCW Brokerage Services

865 South Figueroa Street

Los Angeles, California 90017

Directors

Patrick C. Haden

Director and Chairman of the Board

Samuel P. Bell

Director

Richard W. Call

Director

Matthew K. Fong

Director

John A. Gavin

Director

Thomas E. Larkin, Jr.

Director

Charles A. Parker

Director

Marc I. Stern

Director

Officers

Alvin R. Albe, Jr.

President and Chief Executive Officer

Charles W. Baldiswieler

Senior Vice President

Michael E. Cahill

Senior Vice President,

General Counsel and Assistant Secretary

David S. DeVito

Treasurer and Chief Financial Officer

Philip K. Holl

Secretary and Associate General Counsel

Hilary G.D. Lord

Senior Vice President and Chief Compliance Officer

Ronald R. Redell

Senior Vice President

George N. Winn

Assistant Treasurer

TCW Funds, Inc.

865 South Figueroa Street

Los Angeles, California 90017

1-800-FUND-TCW

(800-386-3829)

www.tcwfunds.com

FUNDsarINT0407

Item 2.	Code of Ethics. Not applicable.
Item 3.	Audit Committee Financial Expert. Not applicable.
Item 4.	Principal Accountant Fees and Services. Not applicable.
Item 5.	Audit of Committee of Listed Registrants. Not applicable.
Item 6.	Schedule of Investments. Included as part of the report to shareholders filed under Item 1 of this Form.
Item 7.	Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. Not applicable.
Item 8.	Portfolio Managers of Closed-End Management Investment Companies.
	Not applicable.
Item 9.	Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchases. Not applicable.
Item 10.	Submission of Matters to a Vote of Security Holders.
	No material changes have been made to registrant’s procedures by which shareholders may recommend nominees to registrant’s Board of Directors.
Item 11.	Controls and Procedures.
	(a)The Chief Executive Officer and Chief Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in rule 30a-2(c) under the Investment Company Act of 1940) provide reasonable assurances that material information relating to the registrant is made known to them by the appropriate persons as of a date within 90 days of the filing date of this report, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and 15d-15(b) under the Exchange Act.
	(b)There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the registrant’s second fiscal quarter of the period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

3

Item 11		Exhibits.
		(a)(1)	Not applicable.
		(a)(2)	Separate certification for the Registrant’s Principal Executive Officer and Principal Financial Officer, as required by Rule 30a-2(a) under the Investment Company Act of 1940 are attached. EX-99.CERT-Section 302 Certifications (filed herewith).
		(a)(3)	Not applicable.
	(b	)	Certifications for the Registrant’s Principal Executive Officer and Principal Financial Officer, as required by Rule 30a-2(b) under the Investment Company Act of 1940 are attached.  These certifications are being furnished to the Securities and Exchange Commission solely pursuant to 18 U.S.C. Section 1350 and are not being filed as part of the Form N-CSR with the Commission. EX-99.906.CERT – Section 906 Certification (filed herewith)

4

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)	TCW Funds, Inc.
By (Signature and Title)
	/s/ Alvin R. Albe, Jr.
	Alvin R. Albe, Jr.
	Chief Executive Officer
Date	July 3, 2007

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)
	/s/ Alvin R. Albe, Jr.
	Alvin R. Albe, Jr.
	Chief Executive Officer
Date	July 3, 2007

By (Signature and Title)
	/s/ David S. DeVito
	David S. DeVito
	Chief Financial Officer
Date	July 3, 2007

5