[Deutsche Asset Management Logo]

January 24, 2007

 

Securities and Exchange Commission

Office of Filings and Information Services

450 Fifth Street, NW

Washington, D.C. 20549

 

 

DWS Institutional Funds – File No. 811-06071

DWS Cash Account Trust – File No. 811-5970

 

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Dear Sir/Madam:

 

Pursuant to Rule 17-g-1(g) of the Investment Company Act of 1940, as amended, enclosed are the following documents to be filed with the Securities and Exchange Commission:

 

 

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If you have any questions or need further information, please call me at 617-295-2558.

 

Very truly yours,

 

/s/Jennifer White

 

Jennifer White

Assistant Vice President

 

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DWS FUNDS NEW YORK BOARD FUNDS

 

CERTIFICATE OF THE SECRETARY

 

I, John Millette, do hereby certify as follows:

 

 

 

RESOLVED, that, after due consideration of all relevant factors including, but not limited to, the value of the aggregate assets of each Series to which any Covered Person (which for the purpose of these resolutions shall mean each director, officer and employee of the Fund or of Deutsche Investment Management Americas Inc. (“DeIM”), or an affiliate thereof, who may, singly or jointly with others, have access to securities or other assets of a Series, either directly or through authority to draw upon such funds or to direct generally the disposition of such assets) may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the number of other parties named as insureds and the sizes and nature of the businesses of such parties, and the nature of the portfolio securities of each Series and of such other parties, the form of Investment Company Blanket Bond issued by ICI Mutual Insurance Company for the period from October 31, 2006 to October 31, 2007 (the “ICI Bond”), and the amount thereof, namely primary coverage of up to $  78,000,000 for any larceny or embezzlement committed by any Covered Person, are determined to be reasonable and are hereby approved; and

 

FURTHER RESOLVED, that, after consideration of all relevant factors, including, but not limited to, the number of other parties named as insureds, the nature of the business activities of such other parties, the amount of the ICI Bond and the amount of the premium for the ICI Bond, the ratable allocation of the premium among all parties named as insureds, and the comparison of the share of the premium allocated to the Fund and each Series to that which the Fund and each Series would have had to pay if it had provided and maintained a single insured bond, the portion of the total premium allocated to the Fund and each Series, as discussed at this meeting, for the period from October 31, 2006 to October 31, 2007, payable for coverage as described in the preceding resolution, be, and it hereby is, approved, and the payment or the reimbursement by any officer

 

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of the Fund, on behalf of each Series, of DeIM or an affiliate thereof, as the case may be, of such premium be, and it hereby is, approved.

 

 

Approval of Insurance Allocation Agreement

RESOLVED, that the officers of the Fund are hereby authorized to enter into an Insurance Allocation Agreement with the joint insureds in the form presented to this meeting, with such changes as may be recommended by Counsel, in conformity with paragraph (f) of Rule 17g-1 of the 1940 Act.

 

IN WITNESS WHEREOF, I hereunto set my hand this tenth day of January 23, 2007.

 

 

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APPENDIX A

THE DWS FUNDS – NEW YORK BOARD

 

CASH MANAGEMENT PORTFOLIO

 

CASH RESERVE FUND, INC., and its series:

Prime Series

Tax-Free Series

Treasury Series

 

DWS ADVISOR FUNDS, and its series:

Cash Management Fund Investment

DWS International Equity Fund

DWS Mid Cap Growth Fund

DWS RREEF Global Real Estate Securities Fund

DWS Small Cap Growth Fund

DWS Short Duration Plus Fund

NY Tax Free Money Fund Investment

Tax Free Money Fund Investment

Treasury Money Fund Investment

 

DWS ADVISOR FUNDS II, and its series:

DWS EAFE Equity Index Fund

DWS U.S. Bond Index Fund

 

DWS ADVISOR FUNDS III, and its series:

DWS Lifecycle Long Range Fund

Money Market Fund Investment

 

DWS ALLOCATION SERIES, and its series

DWS Growth Allocation Fund

DWS Growth Plus Allocation Fund

DWS Moderate Allocation Fund

DWS CASH INVESTMENT TRUST

DWS COMMUNICATIONS FUND, INC.

 

DWS EQUITY PARTNERS FUND, INC.

 

DWS EQUITY 500 INDEX PORTFOLIO

DWS FUNDS TRUST, and its series

DWS Short Term Bond Fund

 

DWS GLOBAL COMMODITIES STOCK FUND, INC.

DWS GLOBAL/INTERNATIONAL FUND, INC., and its series

DWS Emerging Markets Fixed Income Fund

DWS Global Bond Fund

DWS Global Opportunities Fund

DWS Global Thematic Fund

 

DWS GLOBAL HIGH INCOME FUND, INC.

 

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DWS INCOME TRUST, and its series

DWS GNMA Fund

 

 

DWS INSTITUTIONAL FUNDS, and its series:

Cash Management Fund Institutional

Cash Reserves Fund Institutional

Daily Assets Fund Institutional

DWS Commodity Securities Fund

DWS Equity 500 Index Fund

DWS Inflation Protected Plus Fund

DWS International Equity Fund

Treasury Money Fund

 

DWS INTERNATIONAL FUND, INC. , and its series

DWS Emerging Markets Equity Fund

DWS Europe Equity Fund

DWS International Fund

DWS International Value Opportunities Fund

DWS Latin America Equity Fund

DWS Pacific Opportunities Equity Fund

 

DWS INTERNATIONAL EQUITY PORTFOLIO

DWS INVESTMENT TRUST, and its series

DWS Capital Growth Fund

DWS Growth & Income Fund

DWS Large Company Growth Fund

DWS S&P 500 Index Fund

DWS Small Cap Core Fund

 

DWS INVESTMENTS TRUST, and its series

DWS Core Fixed Income Fund

DWS High Income Plus Fund

DWS International Select Equity Fund

DWS Micro Cap Fund

DWS Short Duration Fund

DWS Short-Term Municipal Bond Fund

 

DWS INVESTMENTS VIT TRUST, and its series:

DWS Equity 500 Index VIP

DWS RREEF Real Estate Securities VIP

DWS Small Cap Index VIP

 

DWS INVESTORS FUNDS, INC., and its series:

DWS Japan Equity Fund

 

DWS MONEY MARKET TRUST, and its series

DWS Money Market Series

DWS MUNICIPAL TRUST, and its series

DWS High Yield Tax Free Fund

DWS Managed Municipal Bond Fund

 

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DWS MUTUAL FUNDS, INC., and its series

 

DWS PORTFOLIO TRUST, and its series

 

DWS RREEF REAL ESTATE FUND, INC.

 

DWS RREEF REAL ESTATE FUND II, INC.

 

DWS RREEF SECURITIES TRUST, and its series:

DWS RREEF Real Estate Securities Fund

DWS SECURITIES TRUST, and its series

DWS Health Care Fund

DWS Small Cap Value Fund

DWS STATE TAX FREE TRUST, and its series

DWS Massachusetts Tax-Free Fund

DWS TAX FREE MONEY FUND

 

DWS TAX FREE TRUST, and its series

DWS Intermediate Tax/AMT Free Fund

DWS U.S. TREASURY MONEY FUND

DWS VALUE BUILDER FUND, INC.

DWS VALUE EQUITY TRUST, and its series

DWS VARIABLE SERIES I, and its series

DWS Bond VIP

DWS Capital Growth VIP

DWS Global Opportunities VIP

DWS Growth & Income VIP

DWS Health Care VIP

DWS International VIP

Money Market VIP

 

TREASURY MONEY PORTFOLIO

 

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DWS FUNDS CHICAGO BOARD FUNDS

 

CERTIFICATE OF THE SECRETARY

 

I, John Millette, do hereby certify as follows:

 

 

 

RESOLVED, that, after due consideration of all relevant factors including, but not limited to, the value of the aggregate assets of each Series to which any Covered Person (which for the purpose of these resolutions shall mean each director, officer and employee of the Fund or of Deutsche Investment Management Americas Inc. (“DeIM”), or an affiliate thereof, who may, singly or jointly with others, have access to securities or other assets of a Series, either directly or through authority to draw upon such funds or to direct generally the disposition of such assets) may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the number of other parties named as insureds and the sizes and nature of the businesses of such parties, and the nature of the portfolio securities of each Series and of such other parties, the form of Investment Company Blanket Bond issued by ICI Mutual Insurance Company for the period from October 31, 2006 to October 31, 2007 (the “ICI Bond”), and the amount thereof, namely primary coverage of up to $  78,000,000 for any larceny or embezzlement committed by any Covered Person, are determined to be reasonable and are hereby ratified, confirmed and approved; and

 

FURTHER RESOLVED, that, after consideration of all relevant factors, including, but not limited to, the number of other parties named as insureds, the nature of the business activities of such other parties, the amount of the ICI Bond and the amount of the premium for the ICI Bond, the ratable allocation of the premium among all parties named as insureds, and the comparison of the share of the premium allocated to the Fund and each Series to that which the Fund and each Series would have had to pay if it had provided and maintained a single insured bond, the portion of the total premium allocated to the Fund and each Series, as discussed at this meeting, for the period from October 31, 2006 to October 31, 2007, payable for coverage as described in the preceding resolution, be, and it hereby is, ratified, confirmed and approved, and the payment or the reimbursement by

 

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any officer of the Fund, on behalf of each Series, of DeIM or an affiliate thereof, as the case may be, of such premium be, and it hereby is, ratified, confirmed and approved.

 

Approval of Insurance Allocation Agreements

RESOLVED, that the officers of the Fund are hereby authorized to enter into Insurance Allocation Agreements with the joint insureds in the form presented to this meeting, with such changes as may be recommended by Counsel, in conformity with paragraph (f) of Rule 17g-1 of the 1940 Act.

 

 

IN WITNESS WHEREOF, I hereunto set my hand this tenth day of January 23, 2007.

 

 

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APPENDIX A

 

 

 

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THE KOREA FUND, INC.

 

CERTIFICATE OF THE SECRETARY

 

I, John Millette, do hereby certify as follows:

 

 

 

Approval of the Fidelity Bond Insurance Allocation Agreement

RESOLVED, that the officers of the Fund are hereby authorized to enter into a Fidelity Bond Insurance Allocation Agreement with the joint insureds in the form presented to this meeting, with such changes as may be recommended by Counsel, in conformity with paragraph (f) of Rule 17g-1 of the 1940 Act.

 

Approval of Fidelity Bond

 

RESOLVED, that, after due consideration of all relevant factors including, but not limited to, the value of the aggregate assets of the Fund to which any Covered Person (which for the purpose of these resolutions shall mean each director, officer and employee of the Fund or of Deutsche Investment Management Americas Inc. (“DeIM”), or an affiliate thereof, who may, singly or jointly with others, have access to securities or other assets of the Fund, either directly or through authority to draw upon such funds or to direct generally the disposition of such assets) may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the number of other parties named as insureds and the sizes and nature of the businesses of such parties, and the nature of the portfolio securities of the Fund and of such other parties, the form of Investment Company Blanket Bond issued by ICI Mutual Insurance Company for the period from October 31, 2006 to October 31, 2007 (the “ICI Bond”), and the amount thereof, namely primary coverage of up to $78 million or any larceny or embezzlement committed by any Covered Person, are determined to be reasonable and are hereby approved; and

 

FURTHER RESOLVED, that, after consideration of all relevant factors, including, but not limited to, the number of other parties named as insureds, the nature of the business activities of such other parties, the

 

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amount of the ICI Bond and the amount of the premium for the ICI Bond, the ratable allocation of the premium among all parties named as insureds, and the comparison of the share of the premium allocated to the Fund to that which the Fund would have had to pay if it had provided and maintained a single insured bond, the portion of the total premium allocated to the Fund, as discussed at this meeting, for the period from October 31, 2006 to October 31, 2007, payable for coverage as described in the preceding resolution, be, and it hereby is, approved, and the payment or the reimbursement by any officer of the Fund of DeIM or an affiliate thereof, as the case may be, of such premium be, and it hereby is, approved.

 

IN WITNESS WHEREOF, I hereunto set my hand this tenth day of January 23, 2007.

 

 

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DWS DREMAN VALUE INCOME EDGE FUND, INC.

 

CERTIFICATE OF THE SECRETARY

 

I, John Millette, do hereby certify as follows:

 

 

Approval of the Fidelity Bond Insurance Allocation Agreement

 

RESOLVED, that the officers of the Fund are hereby authorized to enter into Insurance Allocation Agreements with the joint insureds in the form presented to this meeting, with such changes as may be recommended by Counsel, in conformity with paragraph (f) of Rule 17g-1 of the 1940 Act.

 

Approval of Fidelity Bond

 

RESOLVED, that, after due consideration of all relevant factors including, but not limited to, the value of the aggregate assets of the Fund to which any Covered Person (which for the purpose of these resolutions shall mean each director, officer and employee of the Fund or of Deutsche Investment Management Americas Inc. (“DeIM”), or an affiliate thereof, who may, singly or jointly with others, have access to securities or other assets of the Fund, either directly or through authority to draw upon such funds or to direct generally the disposition of such assets) may have access, the type and terms of the arrangements made for the custody and safekeeping of such assets, the number of other parties named as insureds and the sizes and nature of the businesses of such parties, and the nature of the portfolio securities of each Series and of such other parties, the form of Investment Company Blanket Bond issued by ICI Mutual Insurance Company for the period from October 31, 2006 to October 31, 2007 (the “ICI Bond”), and the amount thereof, namely primary coverage of up to $78,000,000 for any larceny or embezzlement committed by any Covered Person, are determined to be reasonable and are hereby approved.

 

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IN WITNESS WHEREOF, I hereunto set my hand this tenth day of January 24, 2007.

 

 

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