DWS Scudder Launches DWS LifeCompass(SM) Income and DWS LifeCompass(SM) Protect Mutual...

DWS Scudder Launches DWS LifeCompass(SM) Income and DWS LifeCompass(SM) Protect Mutual Funds

Retirement Planning Solutions for Income, Principal Protection and
Capital Appreciation
NEW YORK--(Business Wire)--DWS Scudder, the U.S. retail arm of Deutsche Bank's Asset
Management division (DeAM), today announced the launch of two open-end
mutual funds designed to deliver principal protection, capital
appreciation and consistent income for retirees as well as investors
preparing for retirement.

DWS LifeCompass Income is a unique investment that provides a
protected fixed dollar distribution, diversified equity and fixed
income market exposure along with the potential for capital
appreciation to allow investors to plan retirement with the certainty
of a fixed dollar stream investment. DWS LifeCompass Protect combines
capital protection with the daily lock-in of fund gains, diversified
equity and fixed income market exposure and the potential for capital
appreciation to provide a unique investment opportunity. Class A, C, S
and Institutional shares of each fund will be offered through
financial advisors and institutions.

"As investors approach and enter retirement shifting their
investment focus to preserving wealth while still seeking capital
appreciation, they are finding that not all traditional products meet
their needs," said Doug Beck, a Managing Director and Head of Product
Management at DWS Scudder. "Traditional income products such as CDs
and money market funds may not offer high enough returns to protect
investors from inflation and taxes eroding their wealth, while other
income solutions such as variable annuities can be complicated,
illiquid and more expensive. The multi-faceted goal of simultaneously
providing growth and protection is something few products have
addressed -- until now."

DWS LifeCompass Income Fund is an asset allocation fund designed
for investors seeking a steady cash flow. DWS LifeCompass Income seeks
to provide regular distributions with the potential for capital
appreciation as a secondary objective. Investors will receive a
fixed-dollar distribution equal to an 8.25% annual yield based on the
fund's initial share price of $10. Distributions are made twice a year
and the fund is structured to target its objectives over a ten year
investment horizon.

The fund's ability to provide regular distributions is protected
by a third party financial warranty with Merrill Lynch Bank USA that
helps assure shareholders receive periodic distributions as well as
the return of at least a portion of their principal at maturity.

DWS LifeCompass Protect Fund is an asset allocation fund with a
10-year maturity. While the fund is designed to protect principal - it
simultaneously seeks to limit down-side risk and lock in gains on a
daily basis. The fund's features work in tandem to provide potential
protection against wealth erosion due to market corrections, inflation
and taxes. At maturity, shareholders will be able to redeem shares at
the highest net asset value (NAV) of the fund, the "Protected High
NAV". The fund has entered into a third party financial warranty with
Merrill Lynch Bank USA to help assure that shareholders will receive
an amount at least equal to the "Protected High NAV" on the maturity
date. The fund also offers equity market exposure essential to
investors seeking long-term capital appreciation.

To provide the capital appreciation and protection that DWS
LifeCompass Protect offers and the regular distributions that DWS
LifeCompass Income provides, both funds use a two-pronged, proprietary
quantitative asset allocation strategy that allocates assets between
an active component and a reserve component:

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(1) The active component consists of a managed portfolio of global
equity index futures contracts and exchange traded funds to
potentially provide capital appreciation and generate
distributions; and

(2) The reserve component consists of a managed portfolio of US
government securities, as well as the DWS Short Duration Plus
Fund, designed to potentially provide capital protection.
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The funds are managed by Robert Wang, William Chepolis and Inna
Okounkova. Wang and Chepolis are Managing Directors and Okounkova is a
Director. Wang and Okounkova are portfolio mangers in DeAM's
Quantitative Strategies Group.

The funds' investment manager is Deutsche Investment Management
Americas ("DIMA").

These two funds also complement a recently launched series of
target date funds, ranging in maturity from 2015 to 2040, as well as a
perpetual LifeCompass Retirement Fund.

DWS Scudder

DWS Scudder is part of Deutsche Asset Management, which is the
marketing name in the US for the asset management activities of
Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Investment Management Americas Inc. and DWS Trust Company.

About Deutsche Asset Management

With approximately $761.1 billion in assets under management
globally (as of 30 June 2007), Deutsche Bank's Asset Management
division is one of the world's leading investment management
organizations, not just in size, but in quality and breadth of
investment products, performance and client service. The Asset
Management division provides a broad range of investment management
products across the risk/return spectrum.

About Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank with
a strong and profitable private clients franchise. A leader in Germany
and Europe, the bank is continuously growing in North America, Asia
and key emerging markets. With 75,140 employees in 75 countries,
Deutsche Bank competes to be the leading global provider of financial
solutions for demanding clients creating exceptional value for its
shareholders and people.

www.dws-scudder.com

www.db.com

View a Prospectus

To obtain a prospectus, download one from www.dws-scudder.com or
call Shareholder Services at (800) 349-4281. We advise investors to
carefully consider the Fund's objectives, risks, charges and expenses
before investing. The prospectus contains this and other important
information about the Fund. Please read the prospectus carefully
before investing.

This announcement is not an offer to purchase or the solicitation
of an offer to sell shares of the Fund or a prospectus, circular or
representation intended for use in the purchase or sale of Fund
shares.

Risk Considerations

IMPORTANT RISK INFORMATION

Some of the underlying securities of DWS LifeCompass Protect Fund
and DWS LifeCompass Income Fund are subject to stock market risk.
Others invest in individual bonds whose yields and market values
fluctuate. Bond investments are subject to interest-rate risk such
that when interest rates rise, the prices of the bonds can decline.
Portions of the fund are also exposed to foreign markets; investing in
foreign securities presents certain unique risks not associated with
domestic investments, such as currency fluctuation, political and
economic changes, and market risks. Derivatives, including futures
contracts, may be more volatile and less liquid than traditional
securities, and the portfolio could suffer losses on its derivative
positions. Diversification associated with an asset allocation model
does not eliminate risk. It is important to remember that if DWS Life
Compass Income Fund's investment strategy does not generate sufficient
income and capital gains to pay the regular distributions, a portion
of the distributions will constitute a return of capital to
shareholders. In addition, the tax character of the regular
distributions may vary significantly as the distributions could
include income, capital gains and/or return of capital.

IMPORTANT RISK INFORMATION ABOUT FINANCIAL WARRANTIES

While a financial warranty reduces risk, it does not completely
eliminate it. Keep in mind that because the commitments of the
warranty provider are conditional and limited in amount, it is not
completely certain that you will receive the protected high NAV (for
DWS LifeCompass Protect Fund) or the protected distributions of 8.25%
per year and at least 17.5% of the initial NAV at maturity (for DWS
LifeCompass Income Fund). The financial warranty is dependent upon the
financial condition of the issuer, Merrill Lynch Bank USA. The
financial warranty is not a bank deposit and is not insured by the
Federal Deposit Insurance Corporation, or any other governmental
agency. Your ability to receive the protected high NAV (for DWS
LifeCompass Protect Fund) or the protected distributions of 8.25% per
year and at least 17.5% of the initial NAV at maturity (for DWS
LifeCompass Income Fund) is subject to the satisfaction of certain
obligations and/or conditions precedent under the financial warranty
agreement. Each fund's financial warranty is capped at $1 billion of
issued fund shares. The financial warranty increases the fund's
expenses and could lower the fund's performance. If the current
warranty were terminated, the fund could operate without the benefit
of the warranty, or it could obtain a new warranty. In the latter
case, the fee payable under a new warranty could be higher, which
could increase the fund's expenses more and lower the fund's
performance further. Although DWS LifeCompass Income Fund seeks to pay
distributions at a fixed annual amount, regular distributions are not
guaranteed. The warranty provider's obligation to make a payment to
the fund is triggered only under the circumstances outlined in the
prospectus. The amount you receive could be less than the amount you
expect to receive at maturity if you redeem prior to maturity; if you
take dividends or distributions in cash; or if the board were to
decide to terminate the fund prior to maturity. If you redeem prior to
maturity, your shares will be redeemed at the current NAV at the time,
which could be less than the protected high NAV (for DWS LifeCompass
Protect Fund) or the 17.5% of NAV which is protected (for DWS
LifeCompass Income Fund). Additionally, for DWS LifeCompass Income
Fund, if you redeem prior to maturity you will be forgoing future
protected distributions. See the prospectus for details on these and
other caveats.

53421 (01/08)

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NOT FDIC/ NCUA INSURED -- MAY LOSE VALUE -- NO BANK GUARANTEE
NOT A DEPOSIT -- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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Deutsche Bank
Media Relations:
Rosalia Scampoli, +1 212-537-5177
or
Ted Meyer, +1 212-250-7253

Copyright Business Wire 2008