UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D. C. 20549



FORM N-CSR



Investment Company Act file number

                        811-4670




DWS Global/International Fund, Inc.

(Exact Name of Registrant as Specified in Charter)



345 Park Avenue

New York, NY 10154-0004

(Address of principal executive offices)             (Zip code)



Registrant’s Telephone Number, including Area Code: (212) 454-7190



Paul Schubert

345 Park Avenue

New York, NY 10154-0004

(Name and Address of Agent for Service)



Date of fiscal year end:

                        08/31




Date of reporting period:

                        08/31/08






ITEM 1.REPORT TO STOCKHOLDERS





|AUGUST 31, 2008
Annual Report
to Shareholders
|---------------------------------------------
|                                             
|DWS Global Thematic Fund                     
|gtf_cover320                                 

Contents

|4Performance Summary
9Information About Your Fund's Expenses
11Portfolio Management Review
20Portfolio Summary
22Investment Portfolio
27Financial Statements
31Financial Highlights
37Notes to Financial Statements
47Report of Independent Registered Public Accounting Firm
48Tax Information
49Summary of Management Fee Evaluation by Independent
Fee Consultant
54Directors and Officers
58Account Management Resources
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This report must be preceded or accompanied by a prospectus. To obtain a
prospectus for any of our funds, refer to the Account Management Resources
information provided in the back of this booklet. We advise you to consider the
fund's objectives, risks, charges and expenses carefully before investing. The
prospectus contains this and other important information about the fund. Please
read the prospectus carefully before you invest.

Investments in mutual funds involve risk. Some funds have more risk than others. This
fund is subject to stock market risk. Investing in foreign securities presents certain risks,
such as currency fluctuation, political and economic changes, and market risks. The fund
may also invest in derivatives which may be more volatile and less liquid than traditional
securities, and the fund could suffer losses on its derivative positions. All these factors
may result in greater share price volatility. Please read this fund's prospectus for specific
details regarding its investments and risk profile.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US,
represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust
Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust
Company.

NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE
NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Performance SummaryAugust 31, 2008

Classes A, B, C and R

All performance shown is historical, assumes reinvestment of all dividend and
capital gain distributions, and does not guarantee future results. Investment return
and principal value fluctuate with changing market conditions so that, when
redeemed, shares may be worth more or less than their original cost. Current
performance may be lower or higher than the performance quoted. Please visit
www.dws-investments.com for the Fund's most recent month-end performance.

The maximum sales charge for Class A shares is 5.75%. For Class B shares, the
maximum contingent deferred sales charge (CDSC) is 4% within the first year after
purchase, declining to 0% after six years. Class C shares have no front-end sales
charge but redemptions within one year of purchase may be subject to a CDSC of
1%. Unadjusted returns do not reflect sales charges and would have been lower if
they had. Class R shares are not subject to sales charges.

The total annual fund operating expense ratios, gross of any fee waivers or expense
reimbursements, as stated in the fee table of the prospectus dated December 1,
2007 are 1.41%, 2.28%, 2.17% and 1.69% for Class A, Class B, Class C and Class R
shares, respectively. Please see the Information About Your Fund's Expenses, the
Financial Highlights and Notes to the Financial Statements (Note C, Related Parties)
sections of this report for gross and net expense related disclosure for the period
ended August 31, 2008.

To discourage short-term trading, the Fund imposes a 2% redemption fee on
shareholders redeeming shares held less than 15 days, which has the effect of
lowering total return.

Returns and rankings for the 3-year, 5-year and 10-year periods for Class B shares and for
5-year and 10-year periods for Class A, C and R shares reflect a fee waiver and/or expense
reimbursement. Without this waiver/reimbursement, returns and rankings would have
been lower.

Performance figures do not reflect the deduction of taxes that a shareholder would pay
on fund distributions or the redemption of fund shares. Returns and rankings may differ
by share class.

Returns shown for Class A, B and C shares prior to their inception on June 18, 2001 and
for Class R shares prior to its inception on November 3, 2003 are derived from the
historical performance of Class S shares of DWS Global Thematic Fund during such
periods and have been adjusted to reflect the higher total annual operating expenses of
each specific class. Any difference in expenses will affect performance.

|Average Annual Total Returns(Unadjusted for Sales Charge) as of 8/31/08
|-----------------------------------------------------------------------
|DWS Global Thematic Fund                                               
|Class A                                                                
|Class B                                                                
|Class C                                                                
|Class R                                                                
|MSCI World Index+                                                      

Sources: Lipper Inc. and Deutsche Investment Management Americas Inc.

|Net Asset Value and Distribution Information                          
|----------------------------------------------------------------------
|                                                                      
|Net Asset Value:
8/31/08                                              
|8/31/07                                                               
|Distribution Information:
Twelve Months as of 8/31/08:Income Dividends
|Capital Gain Distributions                                            

|Class A Lipper Rankings  Global Multi-Cap Growth Funds Categoryas of
8/31/08
|-----------------------------------------------------------------------------
|Period                                                                       
|1-Year                                                                       
|3-Year                                                                       
|5-Year                                                                       

Source: Lipper Inc. Rankings are historical and do not guarantee future results. Rankings
are based on total return unadjusted for sales charges with distributions reinvested. If
sales charges had been included, rankings might have been less favorable. Rankings are
for Class A shares; other share classes may vary.

|Growth of an Assumed $10,000 Investment(Adjusted for Maximum Sales Charge)
|--------------------------------------------------------------------------
|[]DWS Global Thematic Fund  Class A
[]MSCI World Index+                  
|gtf_g10k290                                                               
|Yearly periods ended August 31                                            

The Fund's growth of an assumed $10,000 investment is adjusted for the maximum sales
charge of 5.75%. This results in a net initial investment of $9,425.

|Comparative Results(Adjusted for Maximum Sales Charge) as of 8/31/08
|--------------------------------------------------------------------
|DWS Global Thematic Fund                                            
|Class A                                                             
|Average annual total return                                         
|Class B                                                             
|Average annual total return                                         
|Class C                                                             
|Average annual total return                                         
|Class R                                                             
|Average annual total return                                         
|MSCI World Index+                                                   
|Average annual total return                                         

The growth of $10,000 is cumulative.

Class S

Class S shares are generally not available to new investors except under certain
circumstances. (Please refer to the Fund's Statement of Additional Information.)

All performance shown is historical, assumes reinvestment of all dividend and
capital gain distributions, and does not guarantee future results. Investment return
and principal value fluctuate with changing market conditions so that, when
redeemed, shares may be worth more or less than their original cost. Current
performance may be lower or higher than the performance quoted. Please visit
www.dws-investments.com for the Fund's most recent month-end performance.

The total annual fund operating expense ratio, gross of any fee waivers or expense
reimbursements, as stated in the fee table of the prospectus dated December 1,
2007 is 1.19% for Class S shares. Please see the Information About Your Fund's
Expenses, the Financial Highlights and Notes to the Financial Statements (Note C,
Related Parties) sections of this report for gross and net expense related disclosure
for the period ended August 31, 2008.

To discourage short-term trading, the Fund imposes a 2% redemption fee on
shareholders redeeming shares held less than 15 days, which has the effect of
lowering total return.

Performance figures do not reflect the deduction of taxes that a shareholder would pay on
fund distributions or the redemption of fund shares. Returns and rankings may differ by
share class.

|Average Annual Total Returnsas of 8/31/08
|-----------------------------------------
|DWS Global Thematic Fund                 
|Class S                                  
|MSCI World Index+                        

Sources: Lipper Inc. and Deutsche Investment Management Americas Inc.

|Net Asset Value and Distribution Information                          
|----------------------------------------------------------------------
|                                                                      
|Net Asset Value:
8/31/08                                              
|8/31/07                                                               
|Distribution Information:
Twelve Months as of 8/31/08:Income Dividends
|Capital Gain Distributions                                            

|Class S Lipper Rankings  Global Multi-Cap Growth Funds Categoryas of
8/31/08
|-----------------------------------------------------------------------------
|Period                                                                       
|1-Year                                                                       
|3-Year                                                                       
|5-Year                                                                       
|10-Year                                                                      

Source: Lipper Inc. Rankings are historical and do not guarantee future results. Rankings
are based on total return with distributions reinvested. Rankings are for Class S shares;
other share classes may vary.

|Growth of an Assumed $10,000 Investment                 
|--------------------------------------------------------
|[]DWS Global Thematic Fund  Class S
[]MSCI World Index+
|gtf_g10k280                                             
|Yearly periods ended August 31                          

|Comparative Resultsas of 8/31/08
|--------------------------------
|DWS Global Thematic Fund        
|Class S                         
|Average annual total return     
|MSCI World Index+               
|Average annual total return     

The growth of $10,000 is cumulative.

Information About Your Fund's Expenses

As an investor of the Fund, you incur two types of costs: ongoing expenses
and transaction costs. Ongoing expenses include management fees,
distribution and service (12b-1) fees and other Fund expenses. Examples of
transaction costs include sales charges (loads), redemption fees and
account maintenance fees, which are not shown in this section. The
following tables are intended to help you understand your ongoing expenses
(in dollars) of investing in the Fund and to help you compare these expenses
with the ongoing expenses of investing in other mutual funds. The example
in the table is based on an investment of $1,000 invested at the beginning
of the six-month period and held for the entire period(March 1, 2008 to
August 31, 2008).

The tables illustrate your Fund's expenses in two ways:

•   Actual Fund Return. This helps you estimate the actual dollar amount of
ongoing expenses (but not transaction costs) paid on a $1,000
investment in the Fund using the Fund's actual return during the period.
To estimate the expenses 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
"Expenses Paid per $1,000" line under the share class you hold.

•   Hypothetical 5% Fund Return. This helps you to compare your Fund's
ongoing expenses (but not transaction costs) with those of other mutual
funds using the Fund's actual expense ratio and a hypothetical rate of
return of 5% per year before expenses. Examples using a 5%
hypothetical fund return may be found in the shareholder reports of other
mutual funds. The hypothetical account values and expenses may not be
used to estimate the actual ending account balance or expenses you
paid for the period.

Please note that the expenses shown in these tables are meant to highlight
your ongoing expenses only and do not reflect any transaction costs. The
"Expenses Paid per $1,000" line of the tables is useful in comparing
ongoing expenses only and will not help you determine the relative total
expense of owning different funds. An account maintenance fee of $6.25
per quarter for Class S shares may apply for certain accounts whose
balances do not meet the applicable minimum initial investment. This fee is
not included in these tables. If it was, the estimate of expenses paid for
Class S shares during the period would be higher, and account value during
the period would be lower, by this amount.

|Expenses and Value of a $1,000 Investmentfor the six months ended August 31, 2008
|---------------------------------------------------------------------------------
|Actual Fund Return                                                               
|Beginning Account
Value 3/1/08                                                   
|Ending Account Value
8/31/08                                                     
|Expenses Paid
per $1,000**                                                       
|Hypothetical 5%
Fund Return                                                      
|Beginning Account
Value 3/1/08                                                   
|Ending Account Value
8/31/08                                                     
|Expenses Paid
per $1,000**                                                       

|Annualized Expense
Ratios | Class A | Class B | Class C | Class R | Class S | Institutional
Class
|------------------------- | ------- | ------- | ------- | ------- | ------- | -------------------
|DWS Global
Thematic Fund  | 1.52%   | 2.33%   | 2.23%   | 1.71%   | 1.21%   | 1.14%              

For more information, please refer to the Fund's prospectus.

Portfolio Management Review

DWS Global Thematic Fund: A Team Approach to Investing

Deutsche Investment Management Americas Inc. ("DIMA" or the
"Advisor"), which is part of Deutsche Asset Management, is the investment
advisor for DWS Global Thematic Fund. DIMA and its predecessors have
more than 80 years of experience managing mutual funds and DIMA
provides a full range of investment advisory services to institutional and
retail clients.

Deutsche Asset Management is a global asset management organization
that offers a wide range of investing expertise and resources. This
well-resourced global investment platform brings together a wide variety of
experience and investment insight across industries, regions, asset classes
and investing styles.

DIMA is an indirect, wholly owned subsidiary of Deutsche Bank AG.
Deutsche Bank AG is a major global banking institution that is engaged in a
wide range of financial services, including investment management, mutual
funds, retail, private and commercial banking, investment banking and
insurance.

Portfolio Manager

Oliver Kratz

Managing Director of Deutsche Asset Management and Lead Manager of the fund.

• Joined Deutsche Asset Management in 1996, since then has served as portfolio manager
for European Equity Fund and Global Emerging Markets Fund, and Global Emerging
Markets analyst for International Equity Fund, after two years of experience at Merrill
Lynch, Brown Brothers Harriman and McKinsey & Co.; authored Frontier Emerging
Markets Securities Price Behavior and Valuation; Kluwers Academic Publishers, 1999;
member of Budapest Stock Exchange Advisory Board.

• Head of global portfolio selection team for Alpha Emerging Markets Equity and co-lead
manager for Global Thematic Equity: New York.

• Joined the fund in 2003.

• BA, Tufts University and Karlova University; MALD and Ph.D, the Fletcher School,
administered jointly by Harvard University and Tufts University.

In the following interview, the management team of DWS Global
Thematic Fund discusses the market environment, fund performance
and their investment strategy during the 12-month period ended
August 31, 2008.

The views expressed in the following discussion reflect those of the portfolio management
team only through the end of the period of the report as stated on the cover. The management
team's views are subject to change at any time based on market and other conditions and
should not be construed as a recommendation. Past performance is no guarantee of future
results.

Q: How did the global equity markets perform during the annual
period?

A:The past year proved to be one of the most challenging periods
for the global equity markets in recent memory, as the evolving
global credit crisis led to the failure or near-insolvency of numerous
major financial institutions. The result was increased risk aversion
and more stringent bank lending practices, two factors that
contributed to slower economic growth both in the United States
and around the world. At the same time, a spike in the prices of oil
and other commodities increased inflation pressures and weighed
on corporate profit margins. Against this backdrop of slowing
growth and rising costs, global equities fell 12.07% as measured by
the fund's benchmark, the Morgan Stanley Capital International
(MSCI) World Index.1

Q: How did the fund perform during this time?

A:During the 12-month period ended August 31, 2008, the Class A
shares of DWS Global Thematic Fund returned -19.49%. The fund
trailed both the Morgan Stanley Capital International (MSCI) World
Index and the -11.37% average return of the funds in its Lipper peer
group, Global Multi-Cap Growth Funds.2 A key factor in the fund's
underperformance was its below-benchmark weighting in energy
stocks, which as a group outperformed the broader market by a
wide margin. (Returns are unadjusted for sales charges. If sales
charges had been included, returns would have been lower. Past
performance is no guarantee of future results. Please see pages 4
through 8 for the performance of other share classes and for more
complete performance information.)

|How is the fund managed?
"We strive to identify the themes that we believe will be the important
long-term drivers of the global business environment, then we use
intensive fundamental research and a wide array of quantitative tools
to invest in companies that stand to benefit as these themes unfold.
The potential advantage of this approach is that longer-term themes
can continue to develop even when equity markets are under
pressure. The goal is outperformance in both bull and bear markets."
Lead Manager Oliver Kratz
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Q: What are your general thoughts regarding the fund's recent
underperformance?

A:In managing the fund, our goal is to outperform the global
markets over the long term. This approach contrasts with those of
an increasing number of market participants that are striving to
generate returns on a month-to-month or quarter-to-quarter basis 
a strategy that we believe is counterproductive. In contrast, we
emphasize fundamental analysis and long-term performance results.
It is inevitable that our long-term process will lead to periods of
subpar performance, as was the case during the past year. Still,
Class A shares of the fund remain ahead of both the benchmark and
its peer group over the three- and five-year periods. In addition, the
fund's oldest share class  Class S shares  has outperformed the
benchmark and its Lipper peer group over the 10-year period. Given
the nature of our approach, we believe this longer-term track record
is the most accurate measure of our performance as managers.

|Fund Assets by Theme, as of August 31, 2008(as a % of investments)
|------------------------------------------------------------------
|Global Agribusiness                                               
|Talent & Ingenuity                                                
|Large Units                                                       
|Asymmetric Negotiators                                            
|New Annuities                                                     
|Disequilibria                                                     
|Private/Public Partnerships                                       
|Supply Chain Dominance                                            
|Security                                                          
|Ex-Atrophy                                                        
|Distressed Companies                                              
|Market Hedge                                                      

Source: Deutsche Bank

Q: What themes had the largest positive impact on fund
performance?

A:At a time of underperformance for the fund, only three of its 12
themes produced standout performance: Global Agribusiness,
Talent & Ingenuity and Market Hedge.

One of the newer themes in the fund, Global Agribusiness, invests
in companies positioned to benefit from rising global
food consumption. At a time of increasing prices for agricultural
commodities and rapidly rising spending power among
emerging-markets consumers, agribusiness-related stocks delivered
strong relative performance. Among the fund's top contributors in
this theme were AGCO Corp., Corn Products International Inc.,*
Monsanto Co. and SLC Agricola SA.

We continue to find opportunities to add new positions within this
compelling and dynamic sector of the world economy. Among
our recent purchases was Archer-Daniels-Midland Co., which has
seen its stock price decline as rising corn prices have hurt profit
margins in its ethanol division. We believe this downturn obscures
the fact that ADM is uniquely equipped to benefit from the
continued expansion of the global agricultural trade. We feel
the stock is attractively valued at these lower levels, particularly
in light of the fact that it is generating a return on equity of
about 20%.

TheTalent & Ingenuitytheme seeks companies that thrive on
human talent and intellectual property ownership rather than
hard assets. As such, it has a substantial weighting in health care
companies, a group that outperformed during the past year due
in part to its lower sensitivity to broader economic trends. The
top performer on the health care side was QIAGEN NV, a Dutch
life-sciences company that reported solid earnings and a positive
growth outlook. Our passive position in the biotechnology sector, via
the iShares Nasdaq Biotechnology Index Fund, also performed well
partly due to a wave of merger and acquisition activity. We continue
to like the biotechnology area, but we believe that the industry is
too fragmented, and in several cases too illiquid, to invest in
individual firms.

Talent & Ingenuity also has a substantial position in technology
stocks. While the sector as a whole produced a mixed performance,
we benefited from holdings in Apple Inc.* and Akamai Technologies
Inc.*, both of which we have since sold.

Although Market Hedge is one of the smaller themes in the
portfolio, it added value during the past year. The theme invested
largely in gold mining companies, which historically have provided
diversification benefits by virtue of their tendency to perform well
during times of dollar weakness and rising inflation fears. Both of
these trends were in place during the past year, boosting shares of
Goldcorp Inc.,* Newmont Mining Corp.* and Meridian Gold Inc.,*
which was taken over at a premium by its competitor Yamana Gold
Inc.*

Market Hedge also holds a nongold company  Johnson & Johnson
 due to the stock's longer-term tendency to perform well when
the broader US market is weak. J&J indeed performed well during
the past year, rising over 17% in a difficult environment.

Q: What theme was the largest detractor?

A:The worst-performing theme in the fund was Large Units, which
invests in companies benefiting from the growth of consumerism
throughout the world's developing countries, particularly in the Far
East. Many holdings in this theme are retail-related companies that
have been hurt by concerns about slowing global growth. Also
heavily represented within Large Units are banks that we believe
are positioned to benefit from the rising need for both loans and
savings vehicles in the world's developing economies. While this
thesis remains intact, virtually all of the world's bank stocks were
hurt by the broader sell-off in the financial sector. The result was
significant underperformance for a number of the financial stocks
the fund held within Large Units, including Sberbank (Russia), ICICI
Bank Ltd. (India), Banco BPI *(Portugal) and Kookmin Bank* (Korea).

While the past year has been a difficult time for financials
worldwide, the sector's broad sell-off has helped create
opportunities in individual companies throughout the developing
world. We believe a prime example is ICICI Bank Ltd., a stock we
first bought in March 2008. The bank is the market leader in almost
every retail loan segment and its life insurance, general insurance
and asset management subsidiaries are among the market leaders.
As its market price has become depressed, we have added to the
fund's position and made ICICI a core holding within Large Units.

Q: What other themes detracted from performance?

A:Four other themes produced negative performance: Disequilibria,
Private/Public Partnerships, Supply Chain Dominance and
Asymmetric Negotiators.

Disequilibria, which focuses on companies that can benefit as
industry flux sparks changes to their business models, has little
exposure to the energy or materials sectors. At the same time, it
has a modest exposure to financials. In combination, these factors
contributed to underperformance for this theme during the past
year. The leading individual detractor was Pantry Inc.*, a US
convenience store operation that missed earnings estimates during
the spring. Other detractors of note were Sun Microsystems Inc.*,
Office Depot Inc.* and Deutsche Postbank AG.

Private/Public Partnerships focuses on companies that partner with
governments and regulators. While one element of the thesis
underlying this theme is that such companies can withstand difficult
economic conditions due to their ties to government spending, that
did not prove to be the case during the past year. Although certain
holdings outperformed  including Bilfinger Berger AG* and
Hochtief AG*  this was more than offset by declines in Deutsche
Boerse AG, Grupo Aeroportuario del Pacifico SAB de CV and Gemina
SpA.

Supply Chain Dominance is a theme that invests in companies that
are gaining leverage over their suppliers, customers and
competitors through economies of scale and/or cost savings. Here,
a position in Austria's Wienerberger AG detracted from returns. The
world's largest brickmaker fell to a five-year low as its UK and US
businesses suffered from the unwinding of local housing markets.
The company was forced to abandon its 10% profit growth forecast
due to the swift deterioration of UK residential construction. We
have since exited this position after year end. On the plus side, we
added value through a holding in Tenaris SA. A maker of tubing
products, the company has benefited from the build-out of the
global energy infrastructure.

In theAsymmetric Negotiatorstheme, we believe companies that
are able to conduct one-sided price negotiations as a result of their
access to raw materials (such as energy and natural resources) are
uniquely positioned within the global economy. Energy and
materials stocks performed well during the year, and the fund
participated to some extent via holdings in stocks such as Petroleo
Brasileiro SA ("Petrobras"), Anadarko Petroleum Corp. and
Kazmunaigas Exploration*. Unfortunately, we did not hold a large
enough weighting in this portion of this theme to offset weakness
in other areas of the market. In addition, the fund's performance
was hurt by a holding in the Russian stocks Gazprom and Lukoil
Holdings* which  despite their strong fundamentals  lost
ground to due to investors' growing concerns about the political
risks associated with investing in Russia.

Q: What were some leading individual contributors and detractors
among the remaining themes?

A:The theme New Annuities focuses on companies that can
benefit from the predictable, long-term results generated by their
business lines and investments. This lower-risk theme produced a
clutch of strong performers, including Switzerland's Roche Holding
AG, a noncyclical stock and one of the portfolio's largest weights.
The maker of cancer medicines posted its largest rise since January
on speculation that sales of its tumor drug Avastin would increase
more than expected. Avastin has been a blockbuster product for
Roche, as its applications have expanded beyond colon and lung
cancer to breast cancer.

Also in New Annuities, Diagnosticos da America SA,* Latin
America's largest medical testing and diagnostics company,
rallied after announcing plans to sell $200 million of debt to
fund company expansion and acquisitions. The Brazil-based
company, locally known as Dasa, has been expanding its
franchise by purchasing smaller rivals in order to take advantage of
rising household incomes throughout Latin America. The leading
detractors in New Annuities were two companies in the wireless
communications business, Ericsson* and Vimpel-Communications.

A theme that invests in Japanese companies that are emerging
from a period of stagnation, Ex-Atrophy was hurt by the
underperformance of Japan's stock market. Financial and
real-estate-related shares performed particularly poorly, a negative
for the fund given its positions in Mizuho Financial Group Inc.,
Mitsui Fudosan Co. Ltd. and Shinsei Bank Ltd.*

In theDistressed Companiestheme, we look for stocks that
are extremely undervalued due to short-term misperceptions
of risk. However, companies seen as being higher-risk investments
generally underperformed given the high level of investor risk
aversion that weighed on the market during the past year. Among
the laggards in Distressed Companies were AMR Corp.,* which
saw its costs soar due to rising fuel prices, and Merrill Lynch & Co.
Inc, whose balance sheet was hampered by the global credit crisis.

Security is a theme that seeks to identify companies that provide
the resources necessary to protect people, their assets and
information. As with certain other themes in the portfolio, the
presence of financial stocks  in this case, UBS AG and Australian
Wealth Management Ltd.  weighed on performance within
Security. We added to the fund's position in both stocks throughout
the course of the year in order to take advantage of their lower
prices.

Q: Do you have any closing thoughts for investors?

A:In a market in which investors have been rewarded for owning
energy stocks at the expense of financials, there are two potential
approaches. One is to adopt a short-term strategy by buying oil
companies and selling financial stocks, thereby outperforming the
benchmark by a few percentage points. The other is to do what we
are doing, which is to build long-term positions in companies that
we believe can deliver substantial returns over the next two to three
years.

Overall, the fund's core holdings are attractively valued companies
that we believe are resistant to competitive threats, significant
commodity risks or balance-sheet risks. We believe this approach
may help the fund achieve our goal of long-term outperformance.

Portfolio Summary

|Asset Allocation(As a % of Investment Portfolio excluding
Securities Lending Collateral) | 8/31/08 | 8/31/07
|---------------------------------------------------------------------------------------- | ------- | -------
|                                                                                         |         |        
|Common Stocks                                                                            | 95%     | 91%    
|Preferred Stocks                                                                         | 2%      | 1%     
|Exchange Traded Funds                                                                    | 2%      | 2%     
|Participatory Notes                                                                      | 1%      |       
|Cash Equivalents                                                                         |        | 6%     
|                                                                                         | 100%    | 100%   

|Geographical Diversification(As a % of Common and
Preferred Stocks and Participatory Note) | 8/31/08 | 8/31/07
|------------------------------------------------------------------------------------------ | ------- | -------
|                                                                                           |         |        
|United States and Canada                                                                   | 33%     | 26%    
|Europe (excluding United Kingdom)                                                          | 28%     | 40%    
|Pacific Basin                                                                              | 13%     | 11%    
|Japan                                                                                      | 7%      | 8%     
|United Kingdom                                                                             | 7%      | 3%     
|Latin America                                                                              | 7%      | 6%     
|Africa                                                                                     | 1%      | 2%     
|Other                                                                                      | 4%      | 4%     
|                                                                                           | 100%    | 100%   

|Sector Diversification(As a % of Common and Preferred
Stocks and Participatory Note) | 8/31/08 | 8/31/07
|------------------------------------------------------------------------------------ | ------- | -------
|                                                                                     |         |        
|Financials                                                                           | 23%     | 22%    
|Industrials                                                                          | 17%     | 17%    
|Consumer Staples                                                                     | 14%     | 7%     
|Energy                                                                               | 10%     | 5%     
|Health Care                                                                          | 10%     | 13%    
|Consumer Discretionary                                                               | 10%     | 12%    
|Materials                                                                            | 7%      | 8%     
|Information Technology                                                               | 6%      | 12%    
|Telecommunication Services                                                           | 3%      | 4%     
|                                                                                     | 100%    | 100%   

Asset allocation, geographical diversification and sector diversification are subject to change.

|Ten Largest Equity Holdings at August 31, 2008(20.8% of Net Assets)                                                 | Country       | Percent
|------------------------------------------------------------------------------------------------------------------- | ------------- | -------
|1.      Deutsche Boerse AG
Provider of financial services                                                           | Germany       | 2.5%   
|2.      Gazprom
Extracts, transports and sells natural gas                                                          | Russia        | 2.3%   
|3.      Bunge Ltd.
Integrated global agribusiness and food company spanning
the farm-to-consumer food chain         | United States | 2.2%   
|4.      Santos Brasil Participacoes SA
Operates a shipping container terminal in Sao Paulo area                     | Brazil        | 2.2%   
|5.      Mitsubishi Heavy Industries Ltd.
Manufacturer of heavy machinery                                            | Japan         | 2.2%   
|6.      Google, Inc.
Provides a Web-based search engine for the Internet                                            | United States | 1.9%   
|7.      Nexen, Inc.
An energy and chemicals company, explores for, produces
and markets crude oil and natural gas   | Canada        | 1.9%   
|8.      eBay, Inc.
Provider of on-line auction services                                                             | United States | 1.9%   
|9.      Grupo Aeroportuario del Pacifico SA de CV
Operates and maintains airports in the Pacific and central
Mexico | Mexico        | 1.9%   
|10.     Mizuho Financial Group, Inc.
Provider of various financial services                                         | Japan         | 1.8%   

Portfolio holdings are subject to change.

For more complete details about the Fund's investment portfolio, see page 22. A quarterly Fact
Sheet is available upon request. A complete list of the fund's portfolio holdings is posted as of
the month end on www.dws-investments.com on or about the 15th day of the following
month. More frequent posting of portfolio holdings information may be made from time to time
on www.dws-investments.com. In addition, the Fund's top ten holdings and other information
about the Fund is posted on www.dws-investments.com as of the calendar quarter-end on or
after the 15th day following quarter-end. Please see the Account Management Resources
section for contact information.

Following the Fund's fiscal first and third quarter-end, a complete portfolio
holdings listing is filed with the SEC on Form N-Q. This form will be available
on the SEC's Web site at www.sec.gov, and it also may be reviewed and
copied at the SEC's Public Reference Room in Washington, D.C. Information
on the operation of the SEC's Public Reference Room may be obtained by
calling (800) SEC-0330.

Investment Portfolioas of August 31, 2008

|                                                                                                                             | Shares        | Value ($) 
|---------------------------------------------------------------------------------------------------------------------------- | ------------- | ----------
|                                                                                                                             |              
|Common Stocks 94.5%                                                                                                         
|Australia 0.6%                                                                                                              
|Australian Wealth Management Ltd. (Cost $17,240,971)                                                                         | 9,069,861     | 11,217,739
|Austria 1.8%                                                                                                                
|Flughafen Wien AG                                                                                                            | 302,500       | 24,549,108
|Wienerberger AG                                                                                                              | 246,106       | 6,524,840 
|(Cost $37,986,313)                                                                                                           | 31,073,948   
|Bermuda 1.1%                                                                                                                
|Lazard Ltd. "A" (Cost $15,968,071)                                                                                           | 442,530       | 18,758,847
|Brazil 4.5%                                                                                                                 
|Petroleo Brasileiro SA (ADR) (Preferred)                                                                                     | 618,100       | 26,559,757
|Santos Brasil Participacoes SA (Unit)                                                                                        | 2,532,300     | 38,155,392
|SLC Agricola SA                                                                                                              | 1,133,500     | 15,660,380
|(Cost $73,210,814)                                                                                                           | 80,375,529   
|Canada 3.2%                                                                                                                 
|Nexen, Inc.                                                                                                                  | 1,087,969     | 34,100,206
|Potash Corp. of Saskatchewan, Inc.                                                                                           | 80,900        | 14,044,240
|Viterra, Inc.*                                                                                                               | 809,200       | 9,335,751 
|(Cost $58,840,146)                                                                                                           | 57,480,197   
|Cayman Islands 1.0%                                                                                                         
|Fresh Del Monte Produce, Inc.* (a) (Cost $23,801,394)                                                                        | 794,200       | 18,433,382
|China 3.8%                                                                                                                  
|Focus Media Holding Ltd. (ADR)* (a)                                                                                          | 631,362       | 20,658,165
|Mindray Medical International Ltd. "A" (ADR)                                                                                 | 203,100       | 7,898,559 
|Ping An Insurance (Group) Co. of China, Ltd. "H"                                                                             | 3,674,000     | 27,202,686
|Shanghai Electric Group Co., Ltd. "H"                                                                                        | 23,412,000    | 9,645,467 
|Sunshine Holdings Ltd.*                                                                                                      | 27,059,000    | 1,810,216 
|(Cost $73,166,871)                                                                                                           | 67,215,093   
|Cyprus 0.5%                                                                                                                 
|Globaltrans Investment PLC (GDR) 144A* (Cost $9,382,658)                                                                     | 668,500       | 9,292,150 
|Denmark 0.7%                                                                                                                
|A P Moller-Maersk AS "B" (Cost $10,957,282)                                                                                  | 1,110         | 12,412,544
|France 0.4%                                                                                                                 
|Compagnie de Saint-Gobain (Cost $6,202,042)                                                                                  | 103,301       | 6,322,387 
|Germany 10.0%                                                                                                               
|Allianz SE (Registered)                                                                                                      | 87,129        | 14,552,677
|Axel Springer AG                                                                                                             | 99,199        | 10,373,471
|BASF SE                                                                                                                      | 174,100       | 10,036,283
|Commerzbank AG                                                                                                               | 727,500       | 21,419,912
|Daimler AG (Registered)                                                                                                      | 150,800       | 8,813,900 
|Deutsche Boerse AG                                                                                                           | 471,400       | 44,722,009
|Deutsche Post AG (Registered)                                                                                                | 344,100       | 8,050,030 
|Deutsche Postbank AG                                                                                                         | 159,000       | 10,391,094
|Fraport AG                                                                                                                   | 196,300       | 12,639,947
|Hamburger Hafen und Logistik AG (Registered)                                                                                 | 317,200       | 19,860,565
|Stada Arzneimittel AG (Registered)                                                                                           | 195,800       | 10,686,336
|Symrise AG (a)                                                                                                               | 28,714        | 496,022   
|ThyssenKrupp AG                                                                                                              | 101,200       | 5,067,764 
|(Cost $203,506,187)                                                                                                          | 177,110,010  
|Hong Kong 3.7%                                                                                                              
|Cheung Kong (Holdings) Ltd.                                                                                                  | 779,000       | 11,116,956
|China Mobile Ltd.                                                                                                            | 851,500       | 9,680,804 
|China Water Affairs Group Ltd.*                                                                                              | 15,868,700    | 3,295,763 
|CNOOC Ltd. (ADR)                                                                                                             | 102,400       | 15,949,824
|GOME Electrical Appliances Holdings Ltd. (b)                                                                                 | 33,282,000    | 13,656,886
|Hongkong & Shanghai Hotels Ltd.                                                                                              | 9,062,728     | 12,934,271
|(Cost $76,210,372)                                                                                                           | 66,634,504   
|India 2.3%                                                                                                                  
|Bharti Airtel Ltd.*                                                                                                          | 1,380,632     | 26,191,460
|ICICI Bank Ltd. (ADR) (a)                                                                                                    | 457,700       | 14,197,854
|(Cost $40,485,648)                                                                                                           | 40,389,314   
|Indonesia 0.7%                                                                                                              
|PT Bumi Resources Tbk (Cost $17,613,804)                                                                                     | 21,235,200    | 12,613,007
|Italy 0.6%                                                                                                                  
|Gemina SpA* (Cost $14,692,669)                                                                                               | 8,643,203     | 10,725,641
|Japan 7.1%                                                                                                                  
|Mitsubishi Heavy Industries Ltd.                                                                                             | 7,969,000     | 38,052,916
|Mitsui Fudosan Co., Ltd.                                                                                                     | 1,369,000     | 28,689,870
|Mizuho Financial Group, Inc.                                                                                                 | 7,769         | 32,743,756
|Toyota Motor Corp.                                                                                                           | 614,000       | 27,521,808
|(Cost $132,698,908)                                                                                                          | 127,008,350  
|Kazakhstan 0.9%                                                                                                             
|Kazakhstan Kagazy PLC (GDR) 144A*                                                                                            | 2,552,100     | 6,252,645 
|Steppe Cement Ltd.* (a)                                                                                                      | 1,803,936     | 9,534,478 
|(Cost $22,667,964)                                                                                                           | 15,787,123   
|Korea 0.4%                                                                                                                  
|CDNetworks Co., Ltd.*                                                                                                        | 447,885       | 3,744,868 
|Daesang Corp.                                                                                                                | 478,606       | 4,047,436 
|(Cost $19,129,805)                                                                                                           | 7,792,304    
|Luxembourg 0.7%                                                                                                             
|Tenaris SA (ADR) (Cost $11,133,466)                                                                                          | 215,500       | 11,785,695
|Malaysia 0.7%                                                                                                               
|AMMB Holdings Bhd. (Cost $12,351,798)                                                                                        | 13,694,800    | 12,288,798
|Mexico 2.2%                                                                                                                 
|Cemex SAB de CV (ADR) (Certificates of Participation)*                                                                       | 300,700       | 6,029,035 
|Grupo Aeroportuario del Pacifico SA de CV "B" (ADR)                                                                          | 1,174,500     | 33,461,505
|(Cost $52,620,903)                                                                                                           | 39,490,540   
|Netherlands 1.9%                                                                                                            
|Chicago Bridge & Iron Co. NV (New York Shares) (a)                                                                           | 291,400       | 9,330,628 
|QIAGEN NV* (a)                                                                                                               | 1,193,900     | 25,263,183
|(Cost $30,418,782)                                                                                                           | 34,593,811   
|Russia 4.2%                                                                                                                 
|Far Eastern Shipping Co.*                                                                                                    | 9,976,000     | 9,726,600 
|Gazprom (ADR) (c)                                                                                                            | 939,326       | 36,523,080
|Gazprom (ADR) (c)                                                                                                            | 126,850       | 4,947,150 
|Mechel (ADR)*                                                                                                                | 181,500       | 4,962,210 
|Novorossiysk Sea Trade Port (GDR) 144A*                                                                                      | 557,250       | 5,572,500 
|Vimpel-Communications (ADR)                                                                                                  | 513,150       | 12,330,995
|(Cost $85,169,065)                                                                                                           | 74,062,535   
|Singapore 0.2%                                                                                                              
|Food Empire Holdings Ltd. (Cost $5,957,624)                                                                                  | 11,289,600    | 4,328,720 
|South Africa 1.2%                                                                                                           
|AngloGold Ashanti Ltd. (ADR) (a)                                                                                             | 614,200       | 16,534,264
|Lewis Group Ltd.                                                                                                             | 861,231       | 4,274,911 
|(Cost $25,481,989)                                                                                                           | 20,809,175   
|Switzerland 4.3%                                                                                                            
|Nestle SA (Registered)                                                                                                       | 523,038       | 23,049,086
|Roche Holding AG (Genusschein)                                                                                               | 154,686       | 26,075,743
|UBS AG (Registered)* (c)                                                                                                     | 1,044,166     | 22,665,658
|UBS AG (Registered)* (c)                                                                                                     | 175,015       | 3,831,078 
|(Cost $78,526,143)                                                                                                           | 75,621,565   
|Thailand 0.3%                                                                                                               
|Seamico Securities PCL (Foreign Registered)*                                                                                 | 27,674,900    | 1,778,177 
|Siam City Bank PCL (Foreign Registered)*                                                                                     | 8,313,900     | 3,265,828 
|(Cost $7,265,084)                                                                                                            | 5,044,005    
|United Kingdom 6.8%                                                                                                         
|Aberdeen Asset Management PLC                                                                                                | 3,308,202     | 8,688,243 
|Anglo American PLC                                                                                                           | 165,007       | 8,788,611 
|Antofagasta PLC                                                                                                              | 819,023       | 9,221,198 
|BHP Billiton PLC                                                                                                             | 687,354       | 21,524,206
|G4S PLC                                                                                                                      | 6,057,492     | 25,725,793
|GlaxoSmithKline PLC                                                                                                          | 1,357,099     | 31,941,991
|Tesco PLC                                                                                                                    | 2,097,082     | 14,548,013
|(Cost $122,062,766)                                                                                                          | 120,438,055  
|United States 28.7%                                                                                                         
|AGCO Corp.* (a)                                                                                                              | 357,100       | 22,008,073
|Altria Group, Inc.                                                                                                           | 628,600       | 13,219,458
|American International Group, Inc.                                                                                           | 439,900       | 9,453,451 
|Anadarko Petroleum Corp.                                                                                                     | 338,600       | 20,901,778
|Archer-Daniels-Midland Co.                                                                                                   | 455,600       | 11,599,576
|Bunge Ltd. (a)                                                                                                               | 441,800       | 39,479,248
|Cisco Systems, Inc.*                                                                                                         | 620,500       | 14,923,025
|CVS Caremark Corp.                                                                                                           | 672,000       | 24,595,200
|eBay, Inc.*                                                                                                                  | 1,360,500     | 33,917,265
|ExxonMobil Corp.                                                                                                             | 156,800       | 12,545,568
|General Mills, Inc. (a)                                                                                                      | 361,500       | 23,924,070
|Google, Inc. "A"*                                                                                                            | 74,200        | 34,376,118
|Johnson & Johnson                                                                                                            | 152,400       | 10,733,532
|JPMorgan Chase & Co.                                                                                                         | 543,000       | 20,900,070
|Juniper Networks, Inc.*                                                                                                      | 348,400       | 8,953,880 
|Mattel, Inc.                                                                                                                 | 1,464,114     | 28,301,324
|Merrill Lynch & Co., Inc.                                                                                                    | 468,000       | 13,267,800
|Monsanto Co.                                                                                                                 | 120,900       | 13,812,825
|Mylan, Inc.* (a)                                                                                                             | 1,072,500     | 13,824,525
|New York Times Co. "A" (a)                                                                                                   | 581,000       | 7,547,190 
|Nordstrom, Inc.                                                                                                              | 274,624       | 8,540,806 
|Pfizer, Inc.                                                                                                                 | 1,128,100     | 21,557,991
|Philip Morris International, Inc.                                                                                            | 380,100       | 20,411,370
|Procter & Gamble Co.                                                                                                         | 159,800       | 11,149,246
|Sprint Nextel Corp.                                                                                                          | 571,100       | 4,979,992 
|Stryker Corp. (a)                                                                                                            | 332,500       | 22,340,675
|SunTrust Banks, Inc.                                                                                                         | 213,800       | 8,956,082 
|The Goldman Sachs Group, Inc. (a)                                                                                            | 136,200       | 22,332,714
|Walt Disney Co.                                                                                                              | 381,700       | 12,347,995
|(Cost $522,478,328)                                                                                                          | 510,900,847  
|Total Common Stocks (Cost $1,807,227,867)                                                                                    | 1,680,005,815
|                                                                                                                            
|Preferred Stocks 2.2%                                                                                                       
|Germany 0.6%                                                                                                                
|Porsche Automobil Holding SE (Cost $10,726,801)                                                                              | 70,201        | 9,894,508 
|Russia 1.6%                                                                                                                 
|Sberbank (Cost $43,958,743)                                                                                                  | 20,794,901    | 28,696,963
|Total Preferred Stocks (Cost $54,685,544)                                                                                    | 38,591,471   
|                                                                                                                            
|Participatory Note 0.6%                                                                                                     
|Merrill Lynch Frontier Index Trust (issuer Merrill Lynch
International & Co.), Expiration Date 2/27/2009
(Cost  $14,506,821) | 141,800       | 11,158,242

|                                      | Principal
Amount ($) | Value ($)
|------------------------------------- | -------------------- | ---------
|                                      |                     
|Other Investments 0.0%               
|Brazil                               
|Companhia Vale do Rio Doce* (Cost $0) | 389,000              | 509,372  

|                                                                                      | Shares      | Value ($)  
|------------------------------------------------------------------------------------- | ----------- | -----------
|                                                                                      |            
|Exchange Traded Fund 1.9%                                                            
|iShares Nasdaq Biotechnology Index Fund (a)
(Cost $28,536,416)                        | 388,300     | 33,354,970 
|                                                                                     
|Call Options Purchased 0.1%                                                          
|United States                                                                        
|General Electric Co., Expiration Date 1/16/2010,
Strike Price $30.0 (Cost $2,962,120) | 7,100       | 1,909,900  
|                                                                                     
|Securities Lending Collateral 12.7%                                                  
|Daily Assets Fund Institutional, 2.65% (d) (e)
(Cost $226,803,550)                    | 226,803,550 | 226,803,550

|                                                  | % of Net
Assets | Value ($)    
|------------------------------------------------- | --------------- | -------------
|                                                  |                
|Total Investment Portfolio (Cost $2,134,722,318)+ | 112.0           | 1,992,333,320
|Notes Payable                                     | (0.2)           | (3,900,000)  
|Other Assets and Liabilities, Net(a)              | (11.8)          | (210,078,917)
|Net Assets                                        | 100.0           | 1,778,354,403

144A: 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.

ADR: American Depositary Receipt

GDR: Global Depositary Receipt

The accompanying notes are an integral part of the financial statements.

Financial Statements

|Statement of Assets and Liabilitiesas of August 31, 2008                                                           
|-------------------------------------------------------------------------------------------------------------------
|Assets                                                                                                             
|Investments:Investments in securities, at value (cost $1,907,918,768)  including
$210,923,124 of securities loaned
|Investment in Daily Assets Fund Institutional (cost $226,803,550)*                                                 
|Total investments, at value (cost $2,134,722,318)                                                                  
|Cash                                                                                                               
|Foreign currency, at value (cost $8,424,804)                                                                       
|Deposits with broker                                                                                               
|Receivable for investments sold                                                                                    
|Receivable for Fund shares sold                                                                                    
|Dividends receivable                                                                                               
|Interest receivable                                                                                                
|Foreign taxes recoverable                                                                                          
|Other assets                                                                                                       
|Total assets                                                                                                       
|Liabilities                                                                                                        
|Notes payable                                                                                                      
|Payable upon return of securities loaned                                                                           
|Payable for investments purchased                                                                                  
|Payable for Fund shares redeemed                                                                                   
|Accrued management fee                                                                                             
|Other accrued expenses and payables                                                                                
|Total liabilities                                                                                                  
|Net assets, at value                                                                                               
|Net Assets Consist of                                                                                              
|Undistributed net investment income                                                                                
|Net unrealized appreciation (depreciation) on:Investments                                                          
|Foreign currency                                                                                                   
|Accumulated net realized gain (loss)                                                                               
|Paid-in capital                                                                                                    
|Net assets, at value                                                                                               

The accompanying notes are an integral part of the financial statements.

|Statement of Assets and Liabilitiesas of August 31, 2008 (continued)                                                                                                                                                          
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Net Asset Value                                                                                                                                                                                                               
|Class A
Net Asset Value and redemption price(a) per share
($430,624,522 ÷ 18,379,401 shares of capital stock outstanding,
$.01 par value, 50,000,000 shares authorized)                                                       
|Maximum offering price per share (100 ÷ 94.25 of $23.43)                                                                                                                                                                      
|Class B
Net Asset Value, offering and redemption price(a) (subject to contingent
deferred sales charge) per share ($31,317,439 ÷ 1,376,864 shares of capital
stock outstanding, $.01 par value, 50,000,000 shares authorized) 
|Class C
Net Asset Value, offering and redemption price(a) (subject to contingent
deferred sales charge) per share ($173,029,530 ÷ 7,570,890 shares of
capital stock outstanding, $.01 par value, 20,000,000 shares authorized)
|Class R
Net Asset Value, offering and redemption price(a) per share
($46,618,062 ÷ 1,990,367 shares of capital stock outstanding,
$.01 par value, 50,000,000 shares authorized)                                               
|Class S
Net Asset Value, offering and redemption price(a)per share
($1,080,610,054 ÷ 46,250,171 shares of capital stock outstanding,
$.01 par value, 100,000,000 shares authorized)                                           
|Institutional Class
Net Asset Value, offering and redemption price(a)per share
($16,154,796 ÷ 691,302 shares of capital stock outstanding, $.01 par value,
200,000,000 shares authorized)                                     

The accompanying notes are an integral part of the financial statements.

|Statement of Operationsfor the year ended August 31, 2008                                                
|---------------------------------------------------------------------------------------------------------
|Investment Income                                                                                        
|Income:Dividends (net of foreign taxes withheld of $2,411,680)                                           
|Interest (net of foreign taxes withheld of $1,574)                                                       
|Interest  Cash Management QP Trust                                                                      
|Securities lending income, including income from Daily Assets Fund
Institutional, net of borrower rebates
|Total Income                                                                                             
|Expenses:Management fee                                                                                  
|Administration fee                                                                                       
|Services to shareholders                                                                                 
|Custodian fee                                                                                            
|Distribution and service fees                                                                            
|Professional fees                                                                                        
|Directors' fees and expenses                                                                             
|Reports to shareholders                                                                                  
|Registration fees                                                                                        
|Interest expense                                                                                         
|Other                                                                                                    
|Total expenses before expense reductions                                                                 
|Expense reductions                                                                                       
|Total expenses after expense reductions                                                                  
|Net investment income (loss)                                                                             
|Realized and Unrealized Gain (Loss)                                                                      
|Net realized gain (loss) from:Investments (including foreign taxes of $1,323)                            
|Foreign currency (including foreign taxes of $17)                                                        
|Payments made by affiliates (see Note F)                                                                 
|                                                                                                         
|Change in net unrealized appreciation (depreciation) on:Investments                                      
|Foreign currency                                                                                         
|                                                                                                         
|Net gain (loss)                                                                                          
|Net increase (decrease) in net assets resulting from operations                                          

The accompanying notes are an integral part of the financial statements.

|Statement of Changes in Net Assets                                                                                     
|-----------------------------------------------------------------------------------------------------------------------
|Increase (Decrease) in Net Assets                                                                                      
|2008                                                                                                                   
|Operations:Net investment income (loss)                                                                                
|Net realized gain (loss)                                                                                               
|Change in net unrealized appreciation (depreciation)                                                                   
|Net increase (decrease) in net assets resulting from
operations                                                        
|Distributions to shareholders from:Net investment income:Class A                                                       
|Class R                                                                                                                
|Class S                                                                                                                
|Net realized gains:Class A                                                                                             
|Class B                                                                                                                
|Class C                                                                                                                
|Class R                                                                                                                
|Class S                                                                                                                
|Total distributions                                                                                                    
|Fund share transactions:Proceeds from shares sold                                                                      
|Reinvestment of distributions                                                                                          
|Cost of shares redeemed                                                                                                
|Redemption fees                                                                                                        
|Net increase (decrease) in net assets from Fund share
transactions                                                     
|Increase (decrease) in net assets                                                                                      
|Net assets at beginning of period                                                                                      
|Net assets at end of period (including undistributed net
investment income of $2,808,541 and $16,788,910,
respectively)

The accompanying notes are an integral part of the financial statements.

Financial Highlights

|Class A
Years Ended August 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2008       | 2007       | 2006       | 2005       | 2004      
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $    35.81 | $    35.02 | $    29.60 | $    22.81 | $    20.42
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | .07        | .30d       | .19        | .13        | .00*      
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (5.82)     | 6.60       | 7.63       | 6.66       | 2.65      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (5.75)     | 6.90       | 7.82       | 6.79       | 2.65      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | (.25)      | (.11)      | (.11)      |           | (.26)     
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (6.38)     | (6.00)     | (2.29)     |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (6.63)     | (6.11)     | (2.40)     |           | (.26)     
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | .00*       | .00*       | .00*       | .00*       |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $    23.43 | $    35.81 | $    35.02 | $    29.60 | $    22.81
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (19.49)    | 21.19d     | 27.65      | 29.77c     | 12.99c    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 431        | 560        | 119        | 26         | 17        
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1.44       | 1.40       | 1.56       | 1.76       | 1.77      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 1.44       | 1.40       | 1.56       | 1.70       | 1.69      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | .25        | .85d       | .62        | .51        | .04       
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 202        | 151        | 143        | 54         | 81        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an administrative
proceeding regarding disclosure of brokerage allocation practices in connection with sales
of DWS Funds. The non-recurring income resulted in an increase of net investment
income of $0.003 per share and an increase in the ratio of net investment income of
0.01%. Excluding this non-recurring income, total return would have been 0.003% lower.*Amount is less than $.005.

|Class B
Years Ended August 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2008       | 2007       | 2006       | 2005       | 2004      
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $    34.97 | $    34.50 | $    29.35 | $    22.79 | $    20.40
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (.17)      | .00d*      | (.10)      | (.07)      | (.18)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (5.67)     | 6.47       | 7.54       | 6.63       | 2.65      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (5.84)     | 6.47       | 7.44       | 6.56       | 2.47      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |           |           |           |           | (.08)     
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (6.38)     | (6.00)     | (2.29)     |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (6.38)     | (6.00)     | (2.29)     |           | (.08)     
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | .00*       | .00*       | .00*       | .00*       |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $    22.75 | $    34.97 | $    34.50 | $    29.35 | $    22.79
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (20.20)    | 20.21d     | 26.42c     | 28.78c     | 12.21c    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 31         | 41         | 14         | 7          | 8         
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2.28       | 2.27       | 2.61       | 2.69       | 2.58      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2.28       | 2.27       | 2.49       | 2.47       | 2.47      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (.59)      | (.02)d     | (.31)      | (.26)      | (.74)     
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 202        | 151        | 143        | 54         | 81        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an administrative
proceeding regarding disclosure of brokerage allocation practices in connection with sales
of DWS Funds. The non-recurring income resulted in an increase of net investment
income of $0.003 per share and an increase in the ratio of net investment income of
0.01%. Excluding this non-recurring income, total return would have been 0.003% lower.*Amount is less than $.005.

|Class C
Years Ended August 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2008       | 2007       | 2006       | 2005       | 2004      
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | $    35.07 | $    34.55 | $    29.35 | $    22.79 | $    20.39
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (.14)      | .04d       | (.06)      | (.07)      | (.16)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (5.70)     | 6.48       | 7.55       | 6.63       | 2.64      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (5.84)     | 6.52       | 7.49       | 6.56       | 2.48      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |           |           |           |           | (.08)     
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (6.38)     | (6.00)     | (2.29)     |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (6.38)     | (6.00)     | (2.29)     |           | (.08)     
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | .00*       | .00*       | .00*       | .00*       |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $    22.85 | $    35.07 | $    34.55 | $    29.35 | $    22.79
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (20.10)    | 20.31d     | 26.64      | 28.78c     | 12.23c    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 173        | 223        | 39         | 5          | 5         
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 2.19       | 2.16       | 2.33       | 2.62       | 2.56      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 2.19       | 2.16       | 2.33       | 2.47       | 2.46      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (.49)      | .09d       | (.15)      | (.26)      | (.73)     
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | 202        | 151        | 143        | 54         | 81        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an administrative
proceeding regarding disclosure of brokerage allocation practices in connection with sales
of DWS Funds. The non-recurring income resulted in an increase of net investment
income of $0.003 per share and an increase in the ratio of net investment income of
0.01%. Excluding this non-recurring income, total return would have been 0.003% lower.*Amount is less than $.005.

|Class R
Years Ended August 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2008       | 2007       | 2006       | 2005       | 2004a     
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | $    35.78 | $    34.98 | $    29.63 | $    22.89 | $    21.69
|Income (loss) from investment operations:
Net investment income (loss)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (.03)      | .20d       | .12        | .06        | .02       
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | (5.80)     | 6.62       | 7.62       | 6.68       | 1.37      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | (5.83)     | 6.82       | 7.74       | 6.74       | 1.39      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | (.15)      | (.02)      | (.10)      |           | (.19)     
|Net realized gains on investment
transactions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (6.38)     | (6.00)     | (2.29)     |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | (6.53)     | (6.02)     | (2.39)     |           | (.19)     
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | .00***     | .00***     | .00***     | .00***     |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | $    23.42 | $    35.78 | $    34.98 | $    29.63 | $    22.89
|Total Return (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | (19.69)    | 20.91d     | 27.37      | 29.45c     | 6.38c**   
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 47         | 7          | 4          | 1          | .5        
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 1.72       | 1.68       | 1.79       | 2.27       | 1.87*     
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1.72       | 1.68       | 1.79       | 1.96       | 1.82*     
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | (.10)      | .57d       | .39        | .25        | .13*      
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | 202        | 151        | 143        | 54         | 81        
|aFor the period from November 3, 2003 (commencement of operations of Class R shares)
to August 31, 2004.bBased on average shares outstanding during the period.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an administrative
proceeding regarding disclosure of brokerage allocation practices in connection with sales
of DWS Funds. The non-recurring income resulted in an increase of net investment
income of $0.003 per share and an increase in the ratio of net investment income of
0.01%. Excluding this non-recurring income, total return would have been 0.006% lower.*Annualized**Not annualized***Amount is less than $.005.

|Class S
Years Ended August 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2008       | 2007       | 2006       | 2005       | 2004      
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $    35.73 | $    34.99 | $    29.64 | $    22.82 | $    20.41
|Income (loss) from investment operations:
Net investment incomea                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | .15        | .38b       | .29        | .25        | .07       
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (5.82)     | 6.58       | 7.62       | 6.66       | 2.66      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (5.67)     | 6.96       | 7.91       | 6.91       | 2.73      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (.32)      | (.22)      | (.27)      | (.09)      | (.32)     
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (6.38)     | (6.00)     | (2.29)     |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (6.70)     | (6.22)     | (2.56)     | (.09)      | (.32)     
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | .00*       | .00*       | .00*       | .00*       |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $23.36     | $    35.73 | $    34.99 | $    29.64 | $    22.82
|Total Return (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | (19.30)    | 21.48b     | 28.01      | 30.35      | 13.36b    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 1,081      | 1,440      | 1,186      | 832        | 703       
|Ratio of expenses (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 1.19       | 1.18       | 1.27       | 1.25       | 1.42      
|Ratio of net investment income (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | .52        | 1.07b      | .91        | .96        | .31       
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 202        | 151        | 143        | 54         | 81        
|aBased on average shares outstanding during the period.bIncludes non-recurring income from the Advisor recorded as a result of an administrative
proceeding regarding disclosure of brokerage allocation practices in connection with sales
of DWS Funds. The non-recurring income resulted in an increase of net investment
income of $0.003 per share and an increase in the ratio of net investment income of
0.01%. Excluding this non-recurring income, total return would have been 0.011% lower.*Amount is less than $.005.

|Institutional Class
Year Ended August 31,                                                                                                                                                                                          | 2008a     
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ----------
|Selected Per Share Data                                                                                                                                                                                                           
|Net asset value, beginning of period                                                                                                                                                                                               | $    23.07
|Income (loss) from investment operations:
Net investment incomeb                                                                                                                                                                   | .00***    
|Net realized and unrealized gain (loss)                                                                                                                                                                                            | .30       
|Total from investment operations                                                                                                                                                                                                   | .30       
|Redemption fees                                                                                                                                                                                                                    | .00***    
|Net asset value, end of period                                                                                                                                                                                                     | $    23.37
|Total Return (%)                                                                                                                                                                                                                   | 1.30**    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                
|Net assets, end of period ($ millions)                                                                                                                                                                                             | 16        
|Ratio of expenses (%)                                                                                                                                                                                                              | 1.14*     
|Ratio of net investment income (%)                                                                                                                                                                                                 | .74*      
|Portfolio turnover rate (%)                                                                                                                                                                                                        | 202       
|aFor the period from August 27, 2008 (commencement of operations of Institutional Class
shares) to August 31, 2008.bBased on average shares outstanding during the period.*Annualized**Not annualized***Amount is less than $.005.

Notes to Financial Statements

A. Significant Accounting Policies

DWS Global Thematic Fund (the "Fund") is a diversified series of DWS
Global/International Fund, Inc. (the "Corporation") which is registered under
the Investment Company Act of 1940, as amended (the "1940 Act"), as an
open-end management investment company organized as a Maryland
Corporation.

The Fund offers multiple classes of shares which provide investors with
different purchase options. Class A shares are offered to investors subject to
an initial sales charge. Class B shares are offered to investors without an
initial sales charge but are subject to higher ongoing expenses than Class A
shares and a contingent deferred sales charge payable upon certain
redemptions. Class B shares automatically convert to Class A shares six
years after issuance. Class C shares are offered to investors without an
initial sales charge but are subject to higher ongoing expenses than Class A
shares and a contingent deferred sales charge payable upon certain
redemptions within one year of purchase. Class C shares do not convert into
another class. Class R shares are only available to participants in certain
retirement plans and are offered to investors without an initial sales charge
or contingent deferred sales charge. On August 27, 2008, the Fund
commenced offering Institutional Class shares. Institutional Class shares are
offered to a limited group of investors, are not subject to initial or contingent
deferred sales charges and have lower ongoing expenses than other
classes. Class S shares are not subject to initial or contingent deferred sales
charges and are generally not available to new investors except under
certain circumstances.

Investment income, realized and unrealized gains and losses, and certain
fund-level expenses and expense reductions, if any, are borne pro rata on
the basis of relative net assets by the holders of all classes of shares,
except that each class bears certain expenses unique to that class such as
services to shareholders, distribution and service fees and certain other
class-specific expenses. Differences in class-level expenses may result in
payment of different per share dividends by class. All shares of the Fund
have equal rights with respect to voting subject to class-specific
arrangements.

The Fund's financial statements are prepared in accordance with accounting
principles generally accepted in the United States of America which require
the use of management estimates. Actual results could differ from those
estimates. The policies described below are followed consistently by the
Fund in the preparation of its financial statements.

Security Valuation. Investments are stated at value determined as of the
close of regular trading on the New York Stock Exchange on each day the
exchange is open for trading. Equity securities and exchange traded funds
are valued at the most recent sale price or official closing price reported on
the exchange (US or foreign) or over-the-counter market on which the
security is traded most extensively. Securities for which no sales are
reported are valued at the calculated mean between the most recent bid
and asked quotations on the relevant market or, if a mean cannot be
determined, at the most recent bid quotation.

Money market instruments purchased with an original or remaining maturity
of sixty days or less, maturing at par, are valued at amortized cost.
Investments in open-end investment companies and Cash Management QP
Trust are valued at their net asset value each business day.

Securities and other assets for which market quotations are not readily
available or for which the above valuation procedures are deemed not to
reflect fair value are valued in a manner that is intended to reflect their fair
value as determined in accordance with procedures approved by the
Directors. The Fund may use a fair valuation model to value international
equity securities in order to adjust for events which may occur between the
close of the foreign exchanges and the close of the New York Stock
Exchange.

New Accounting Pronouncements. In September 2006, the Financial
Accounting Standards Board ("FASB") released Statement of Financial
Accounting Standards No. 157, "Fair Value Measurements" ("FAS 157").
FAS 157 defines fair value, establishes a framework for measuring fair value
and expands disclosures about fair value measurements. FAS 157 is
effective for fiscal years beginning after November 15, 2007. As of
August 31, 2008, management does not believe the adoption of FAS 157
will impact the amounts reported in the financial statements, however,
additional disclosures will be required about the levels of inputs used to
develop the measurements of fair value and the effect of certain of the
measurements reported in the statement of operations for a fiscal period.

In addition, in March 2008, the FASB issued Statement of Financial
Accounting Standards No. 161 ("FAS 161"), "Disclosures about Derivative
Instruments and Hedging Activities". FAS 161 requires enhanced disclosure
about an entity's derivative and hedging activities including qualitative
disclosures about the objectives and strategies for using derivatives,
quantitative disclosures about fair value amounts of gains and losses on
derivative instruments, and disclosures about credit-risk-related contingent
features in derivative agreements. FAS 161 is effective for fiscal years and
interim periods beginning after November 15, 2008. Management is
currently evaluating the impact the adoption of FAS 161 will have on the
Fund's financial statement disclosures.

Foreign Currency Translations. The books and records of the Fund are
maintained in US dollars. Investment securities and other assets and
liabilities denominated in a foreign currency are translated into US dollars at
the prevailing exchange rates at period end. Purchases and sales of
investment securities, income and expenses are translated into US dollars at
the prevailing exchange rates on the respective dates of the transactions.

Net realized and unrealized gains and losses on foreign currency
transactions represent net gains and losses between trade and settlement
dates on securities transactions, the disposition of forward foreign currency
exchange contracts and foreign currencies, and the difference between the
amount of net investment income accrued and the US dollar amount
actually received. That portion of both realized and unrealized gains and
losses on investments that results from fluctuations in foreign currency
exchange rates is not separately disclosed, but is included with net realized
and unrealized gain/appreciation and loss/depreciation on investments.

Forward Foreign Currency Exchange Contracts. A forward foreign currency
exchange contract ("forward currency contract") is a commitment to
purchase or sell a foreign currency at the settlement date at a negotiated
rate. The Fund may enter into forward currency contracts in order to hedge
its exposure to changes in foreign currency exchange rates on its foreign
currency denominated portfolio holdings and to facilitate transactions in
foreign currency denominated securities.

Forward currency contracts are valued at the prevailing forward exchange
rate of the underlying currencies and unrealized gain (loss) is recorded daily.
Sales and purchases of forward currency contracts having the same
settlement date and broker are offset and any gain (loss) is realized on the
date of offset; otherwise, gain (loss) is realized on settlement date. Realized
and unrealized gains and losses which represent the difference between the
value of a forward currency contract to buy and a forward currency contract
to sell are included in net realized and unrealized gain (loss) from foreign
currency.

Certain risks may arise upon entering into forward currency contracts from
the potential inability of counterparties to meet the terms of their contracts.
Additionally, when utilizing forward currency contracts to hedge, the Fund
gives up the opportunity to profit from favorable exchange rate movement
during the term of the contract.

Securities Lending. The Fund may lend securities to financial institutions.
The Fund retains beneficial ownership of the securities it has loaned and
continues to receive interest and dividends paid by the issuer of securities
and to participate in any changes in their market value. The Fund requires
the borrowers of the securities to maintain collateral with the Fund
consisting of liquid, unencumbered assets having a value at least equal to
the value of the securities loaned. The Fund may invest the cash collateral
into a joint trading account in an affiliated money market fund pursuant to
Exemptive Orders issued by the SEC. The Fund receives compensation for
lending its securities either in the form of fees or by earning interest on
invested cash collateral net of borrower rebates and fees paid to the lending
agent. Either the Fund or the borrower may terminate the loan. There may
be risks of delay and costs in recovery of securities or even loss of rights in
the collateral should the borrower of the securities fail financially. The Fund
is also subject to all investment risks associated with the value of any cash
collateral received, including, but not limited to, interest rate, credit and
liquidity risk associated with such investments.

Taxes. The Fund's policy is to comply with the requirements of the Internal
Revenue Code, as amended, which are applicable to regulated investment
companies, and to distribute all of its taxable income to its shareholders.

Additionally, based on the Fund's understanding of the tax rules and rates
related to income, gains and transactions for the foreign jurisdictions in
which it invests, the Fund will provide for foreign taxes, and where
appropriate, deferred foreign taxes.

From November 1, 2007 through August 31, 2008, the Fund incurred
approximately $261,621,000 of net realized capital losses. As permitted by
tax regulations, the Fund intends to elect to defer these losses and treat
them as arising in the fiscal year ending August 31, 2009.

The Fund has reviewed the tax positions for the open tax years as of August
31, 2008 and has determined that no provision for income tax is required in
the Fund's financial statements. The Fund's federal tax returns for the prior
three fiscal years remain subject to examination by the Internal Revenue
Service.

Distribution of Income and Gains. Net investment income of the Fund, if
any, is declared and distributed to shareholders annually. Net realized gains
from investment transactions, in excess of available capital loss
carryforwards, would be taxable to the Fund if not distributed, and,
therefore, will be distributed to shareholders at least annually.

The timing and characterization of certain income and capital gains
distributions are determined annually in accordance with federal tax
regulations which may differ from accounting principles generally accepted
in the United States of America. These differences primarily relate to
investments in foreign denominated investments, investments in passive
foreign investment companies, forward currency contracts, recognition of
certain foreign currency gains (losses) as ordinary income (loss) and certain
securities sold at a loss. As a result, net investment income (loss) and net
realized gain (loss) on investment transactions for a reporting period may
differ significantly from distributions during such period. Accordingly, the
Fund may periodically make reclassifications among certain of its capital
accounts without impacting the net asset value of the Fund.

At August 31, 2008, the Fund's components of distributable earnings
(accumulated losses) on a tax-basis were as follows:

|Undistributed ordinary income*                            | $       8,500,509    
|--------------------------------------------------------- | ---------------------
|Undistributed net long-term capital gains                 | $       71,645       
|Net unrealized appreciation (depreciation) on investments | $       (190,115,928)

In addition, the tax character of distributions paid to shareholders by the
Fund is summarized as follows:

|                                           | Years Ended August 31,
|------------------------------------------ | ----------------------
|                                           | 2008                  
|Distributions from ordinary income*        | $       262,159,756   
|Distributions from long-term capital gains | $       175,974,028   

Redemption Fees. The Fund imposes a redemption fee of 2% of the total
redemption amount on all Fund shares redeemed or exchanged within 15
days of buying them, either by purchase or exchange. This fee is assessed
and retained by the Fund for the benefit of the remaining shareholders. The
redemption fee is accounted for as an addition to paid-in capital.

Expenses. Expenses of the Corporation arising in connection with a specific
fund are allocated to that fund. Other Corporation expenses which cannot
be directly attributed to a fund are apportioned among the funds in the
Corporation.

Contingencies. In the normal course of business, the Fund may enter into
contracts with service providers that contain general indemnification
clauses. The Fund's maximum exposure under these arrangements is
unknown as this would involve future claims that may be made against the
Fund that have not yet been made. However, based on experience, the Fund
expects the risk of loss to be remote.

Other. Investment transactions are accounted for on a trade date plus one
basis for daily net asset valuation calculations. However, for financial
reporting purposes, investment security transactions are reported on trade
date. Interest income is recorded on the accrual basis. Dividend income is
recorded on the ex-dividend date net of foreign withholding taxes. Certain
dividends from foreign securities may be recorded subsequent to the
ex-dividend date as soon as the Fund is informed of such dividends. Realized
gains and losses from investment transactions are recorded on an identified
cost basis.

B. Purchases and Sales of Securities

During the year ended August 31, 2008 purchases and sales of investment
securities (excluding short-term investments) aggregated $4,323,377,404
and $4,253,937,073, respectively.

C. Related Parties

Management Agreement. Under the Investment Management Agreement
with Deutsche Investment Management Americas Inc. ("DIMA" or the
"Advisor"), an indirect, wholly owned subsidiary of Deutsche Bank AG, the
Advisor directs the investments of the Fund in accordance with its
investment objectives, policies and restrictions. The Advisor determines the
securities, instruments and other contracts relating to investments to be
purchased, sold or entered into by the Fund.

Under the Investment Management Agreement with the Advisor, the Fund
pays a monthly management fee based on the Fund's average daily net
assets, computed and accrued daily and payable monthly, at the following
annual rates:

|First $500 million of the Fund's average daily net assets | .915%
|--------------------------------------------------------- | -----
|Next $500 million of such net assets                      | .865%
|Next $500 million of such net assets                      | .815%
|Next $500 million of such net assets                      | .765%
|Over $2 billion of such net assets                        | .715%

Accordingly, for the year ended August 31, 2008 the fee pursuant to the
management agreement was equivalent to an annual effective rate of
0.83% of the Fund's average daily net assets.

For the period from September 1, 2007 through September 30, 2007, the
Advisor had contractually agreed to waive all or a portion of its management
fee and reimburse or pay certain operating expenses of the Fund (excluding
certain expenses such as extraordinary expenses, taxes, brokerage, interest,
proxy and organizational and offering expenses) to the extent necessary to
maintain the operating expenses of each class as follows:

|Class A | 1.70%
|------- | -----
|Class B | 2.45%
|Class C | 2.45%
|Class R | 1.95%
|Class S | 1.28%

For Class R shares, effective October 1, 2007 through September 30, 2008,
the Advisor has contractually agreed to waive all or a portion of its
management fee and reimburse or pay certain operating expenses of the
Fund (excluding certain expenses such as extraordinary expenses, taxes,
brokerage and interest) to the extent necessary to maintain the operating
expenses at 1.90%.

Administration Fee. Pursuant to an Administrative Services Agreement,
DIMA provides most administrative services to the Fund. For all services
provided under the Administrative Services Agreement, the Fund pays the
Advisor an annual fee ("Administration Fee") of 0.10% of the Fund's average
daily net assets, computed and accrued daily and payable monthly. For the
year ended August 31, 2008 the Advisor received an Administration Fee of
$2,132,645, of which $153,267 is unpaid.

Service Provider Fees. DWS Investments Service Company ("DISC"), an
affiliate of the Advisor, is the transfer agent, dividend-paying agent and
shareholder service agent for the Fund. Pursuant to a sub-transfer agency
agreement between DISC and DST Systems, Inc. ("DST"), DISC has
delegated certain transfer agent, dividend-paying agent and shareholder
service agent functions to DST. DISC compensates DST out of the
shareholder servicing fee it receives from the Fund. For the year ended
August 31, 2008 and for the period from August 27, 2008 (commencement
of operations) to August 31, 2008 for Institutional Class shares, the amounts
charged to the Fund by DISC were as follows:

|Services to Shareholders | Total
Aggregated | Unpaid at
August 31, 2008
|------------------------ | ---------------- | -------------------------
|Class A                  | $       564,443  | $       125,148          
|Class B                  | 68,448           | 15,606                   
|Class C                  | 199,713          | 39,832                   
|Class R                  | 5,286            | 1,949                    
|Class S                  | 1,282,336        | 295,056                  
|Institutional Class      | 2                | 2                        
|                         | $    2,120,228   | $    477,593             

Distribution and Service Fees. Under the Fund's Class B, Class C and Class
R 12b-1 Plans, DWS Investments Distributors, Inc., ("DIDI"), an affiliate of
the Advisor, receives a fee ("Distribution Fee") of 0.75%, 0.75% and 0.25%
of average daily net assets of each of Class B, C and R shares, respectively.
In accordance with the Fund's Underwriting and Distribution Services
Agreement, DIDI enters into related selling group agreements with various
firms at various rates for sales of Class B, C and R shares. For the year
ended August 31, 2008 the Distribution Fee was as follows:

|Distribution Fee | Total
Aggregated | Unpaid at
August 31, 2008
|---------------- | ---------------- | -------------------------
|Class B          | $       293,582  | $       20,481           
|Class C          | 1,662,709        | 112,078                  
|Class R          | 34,505           | 10,039                   
|                 | $    1,990,796   | $    142,598             

In addition, DIDI provides information and administrative services for a fee
("Servicing Fee") to Class A, B, C and R shareholders at an annual rate of up
to 0.25% of average daily net assets for each such class. DIDI in turn has
various agreements with financial services firms that provide these services
and pays these fees based upon the assets of shareholder accounts the
firms service. For the year ended August 31, 2008 the Service Fee was as
follows:

|Service Fee | Total
Aggregated  | Unpaid at
August 31, 2008 | Annual
Effective Rate
|----------- | ----------------- | ------------------------- | ---------------------
|Class A     | $       1,299,959 | $       66,078            | .24%                 
|Class B     | 96,901            | 2,819                     | .25%                 
|Class C     | 550,349           | 22,456                    | .25%                 
|Class R     | 29,082            | 8,435                     | .21%                 
|            | $    1,976,291    | $    99,788               |                      

Underwriting Agreement and Contingent Deferred Sales Charge. DIDI is
the principal underwriter for the Fund. Underwriting commissions paid in
connection with the distribution of Class A shares for the year ended August
31, 2008 aggregated $175,702.

In addition, DIDI receives any contingent deferred sales charge ("CDSC")
from Class B share redemptions occurring within six years of purchase and
Class C share redemptions occurring within one year of purchase. There is
no such charge upon redemption of any share appreciation or reinvested
dividends. The CDSC is based on declining rates, ranging from 4% to 1%
for Class B and 1% for Class C, of the value of the shares redeemed. For
the year ended August 31, 2008 the CDSC for Class B and C shares
aggregated $79,926 and $101,923, respectively. A deferred sales charge of
up to 1% is assessed on certain redemptions of Class A shares. For the
year ended August 31, 2008, DIDI received $37,359 for Class A shares.

Typesetting and Filing Service Fees. Under an agreement with DIMA, DIMA
is compensated for providing typesetting and certain regulatory filing
services to the Fund. For the year ended August 31, 2008, the amount
charged to the Fund by DIMA included in the Statement of Operations
under "reports to shareholders" aggregated $29,263, of which $11,201 is
unpaid.

Directors' Fees and Expenses. The Fund paid each Director not affiliated
with the Advisor retainer fees plus specified amounts for various committee
services and for the Board Chairperson and Vice Chairperson.

In connection with the board consolidation on April 1, 2008, of the two DWS
Funds Boards of Directors, certain Independent Board Members retired prior
to their normal retirement date, and received a one-time retirement benefit.
DIMA has agreed to reimburse the Funds for the cost of this benefit. During
the period ended August 31, 2008, the Fund paid its allocated portion of the
retirement benefit of $10,661 to the non-continuing Independent Board
Members, and the Fund was reimbursed by DIMA for this payment.

Cash Management QP Trust. Pursuant to an Exemptive Order issued by the
SEC, the Fund may invest in the Cash Management QP Trust (the
"QP Trust") and other affiliated funds managed by the Advisor. The QP Trust
seeks to provide as high a level of current income as is consistent with the
preservation of capital and the maintenance of liquidity. The QP Trust does
not pay the Advisor a management fee for the affiliated funds' investments
in the QP Trust.

D. Line of Credit

The Fund and other affiliated funds (the "Participants") share in a
$490 million revolving credit facility provided by a syndication of banks. The
Fund may borrow for temporary or emergency purposes, including the
meeting of redemption requests that otherwise might require the untimely
disposition of securities. The Participants are charged an annual
commitment fee which is allocated based on net assets, among each of the
Participants. Interest is calculated at the Federal Funds Rate plus
0.35 percent. The Fund may borrow up to a maximum of 33 percent of its
net assets under the agreement.

At August 31, 2008, the Fund had a $3,900,000 outstanding loan. Interest
expense incurred on borrowings was $53,190 for the year ended August 31,
2008. The average dollar amount of the borrowings was $11,321,622, the
weighted average interest rate on these borrowings was 4.57% and the
Fund had a loan outstanding for 37 days throughout the period.

E. Share Transactions

The following table summarizes share and dollar activity in the Fund:

|                                                               | Year Ended August 31, 2008 | Year Ended August 31, 2007
|-------------------------------------------------------------- | -------------------------- | --------------------------
|                                                               | Shares                     | Dollars                   
|Shares sold                                                   
|Class A                                                        | 9,377,977                  | $       285,841,701       
|Class B                                                        | 429,884                    | 12,952,385                
|Class C                                                        | 2,887,976                  | 88,053,761                
|Class R                                                        | 1,979,494                  | 50,205,522                
|Class S                                                        | 5,419,813                  | 162,419,481               
|Institutional Class*                                           | 691,302                    | 15,952,442                
|                                                               |                            | $    615,425,292          
|Shares issued to shareholders in reinvestment of distributions
|Class A                                                        | 3,345,487                  | $       96,149,287        
|Class B                                                        | 220,299                    | 6,181,606                 
|Class C                                                        | 1,165,090                  | 32,820,576                
|Class R                                                        | 50,130                     | 1,442,243                 
|Class S                                                        | 8,771,973                  | 250,881,028               
|                                                               |                            | $    387,474,740          
|Shares redeemed                                               
|Class A                                                        | (9,974,686)                | $       (280,633,869)     
|Class B                                                        | (452,713)                  | (12,340,028)              
|Class C                                                        | (2,835,470)                | (76,122,642)              
|Class R                                                        | (227,290)                  | (6,203,006)               
|Class S                                                        | (8,249,003)                | (234,511,475)             
|                                                               |                            | $    (609,811,020)        
|Redemption fees                                                |                            | $    32,054               
|Net increase (decrease)                                       
|Class A                                                        | 2,748,778                  | $       101,368,496       
|Class B                                                        | 197,470                    | 6,794,087                 
|Class C                                                        | 1,217,596                  | 44,755,683                
|Class R                                                        | 1,802,334                  | 45,444,769                
|Class S                                                        | 5,942,783                  | 178,805,589               
|Institutional Class*                                           | 691,302                    | 15,952,442                
|                                                               |                            | $    393,121,066          

F. Payment Made by Affiliates

During the year ended August 31, 2008, the Advisor fully reimbursed the
Fund $3,042 for losses incurred on trades executed incorrectly. The amount
of this reimbursement was less than 0.01% of the Fund's average net
assets thus having no impact on the Fund's total return.

Report of Independent Registered
Public Accounting Firm

To the Board of Directors of Global/International Fund, Inc. and the
Shareholders of DWS Global Thematic Fund:

In our opinion, the accompanying statement of assets and liabilities,
including the investment portfolio, and the related statements of operations
and of changes in net assets and the financial highlights present fairly, in all
material respects, the financial position of DWS Global Thematic Fund (the
"Fund") at August 31, 2008, and the results of its operations, the changes in
its net assets and the financial highlights for each of the periods indicated
therein, in conformity with accounting principles generally accepted in the
United States of America. These financial statements and financial
highlights (hereafter referred to as "financial statements") are the
responsibility of the Fund's management. Our responsibility is to express an
opinion on these financial statements based on our audits. We conducted
our audits of these financial statements in accordance with the standards of
the Public Company Accounting Oversight Board (United States). Those
standards require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material
misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements,
assessing the accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation.
We believe that our audits, which included confirmation of securities at
August 31, 2008 by correspondence with the custodian and brokers, provide
a reasonable basis for our opinion.

|October 27, 2008 | PricewaterhouseCoopers LLP
|---------------- | --------------------------

Tax Information(Unaudited)

The Fund paid distributions of $2.67 per share from net long-term capital
gains during its year ended August 31, 2008, of which 100% represents
15% rate gains.

Pursuant to Section 852 of the Internal Revenue Code, the Fund designates
$23,324,000 as capital gain dividends for its year ended August 31, 2008, of
which 100% represents 15% rate gains.

For corporate shareholders, 30% of the income dividends paid during the
Fund's fiscal year ended August 31, 2008, qualified for the dividends
received deduction.

The Fund paid foreign taxes of $2,201,688 and earned $5,518,172 of foreign
source income during the year ended August 31, 2008. Pursuant to
Section 853 of the Internal Revenue Code, the Fund designates $0.03 per
share as foreign taxes paid and $0.04 per share as income earned from
foreign sources for the year ended August 31, 2008.

For federal income tax purposes, the Fund designates $36,571,000, or the
maximum amount allowable under tax law, as qualified dividend income.

Please consult a tax advisor if you have questions about federal or state
income tax laws, or on how to prepare your tax returns. If you have specific
questions about your account, please call (800) 621-1048.

Summary of Management Fee Evaluation by
Independent Fee Consultant

October 26, 2007

Pursuant to an Order entered into by Deutsche Investment Management
Americas and affiliates (collectively, "DeAM") with the Attorney General of
New York, I, Thomas H. Mack, have been appointed the Independent Fee
Consultant for the DWS Scudder Funds. My duties include preparing an
annual written evaluation of the management fees DeAM charges the
Funds, considering among other factors the management fees charged by
other mutual fund companies for like services, management fees DeAM
charges other clients for like services, DeAM's costs of supplying services
under the management agreements and related profit margins, possible
economies of scale if a Fund grows larger, and the nature and quality of
DeAM's services, including fund performance. This report summarizes my
evaluation for 2007, including my qualifications, the evaluation process for
each of the DWS Scudder Funds, consideration of certain complex-level
factors, and my conclusions.

Qualifications

For more than 30 years I have served in various professional capacities
within the investment management business. I have held investment
analysis and advisory positions, including securities analyst, portfolio
strategist and director of investment policy with a large investment firm. I
have also performed business management functions, including business
development, financial management and marketing research and analysis.

Since 1991, I have been an independent consultant within the asset
management industry. I have provided services to over 125 client
organizations, including investment managers, mutual fund boards, product
distributors and related organizations. Over the past several years I have
completed a number of assignments for mutual fund boards, specifically
including assisting boards with management contract renewal.

I hold a Master of Business Administration degree, with highest honors,
from Harvard University; and Master of Science and Bachelor of Science
(highest honors) degrees from the University of California at Berkeley. I am
an independent director and audit committee financial expert for two
closed-end mutual funds, serve on the board of directors of a private market
research company, and have served in various leadership and financial
oversight capacities with non-profit organizations.

Evaluation of Fees for each DWS Scudder Fund

My work focused primarily on evaluating, fund-by-fund, the fees charged to
each of the 136 Fund portfolios in the DWS Scudder Fund family. For each
Fund, I considered each of the key factors mentioned above, as well as any
other relevant information. In doing so I worked closely with the Funds'
Independent Directors in their annual contract renewal process, as well as in
their approval of contracts for several new funds (documented separately).

In evaluating each Fund's fees, I reviewed comprehensive materials provided
by or on behalf of DeAM, including expense information prepared by Lipper
Analytical, comparative performance information, profitability data, manager
histories, and other materials. I also accessed certain additional information
from the Lipper, Strategic Insight, and Morningstar databases and drew on
my industry knowledge and experience.

To facilitate evaluating this considerable body of information, I prepared for
each Fund a document summarizing the key data elements in each area as
well as additional analytics discussed below. This made it possible to
consider each key data element in the context of the others.

In the course of contract renewal, DeAM agreed to implement a number of
fee and expense adjustments requested by the Independent Directors
which will favorably impact future fees and expenses, and my evaluation
includes the effects of these changes.

Fees and Expenses Compared with Other Funds

The competitive fee and expense evaluation for each fund focused on two
primary comparisons:

The Fund's contractual management fee (the advisory fee plus the
administration fee where applicable) compared with those of a group of
typically 12-15 funds in the same Lipper investment category (e.g. Large
Capitalization Growth) having similar distribution arrangements and being
of similar size.

The Fund's total expenses compared with a broader universe of funds
from the same Lipper investment category and having similar distribution
arrangements.

These two comparisons provide a view of not only the level of the fee
compared with funds of similar scale but also the total expense the Fund
bears for all the services it receives, in comparison with the investment
choices available in the Fund's investment category and distribution channel.
The principal figure-of-merit used in these comparisons was the subject
Fund's percentile ranking against peers.

DeAM's Fees for Similar Services to Others

DeAM provided management fee schedules for all of its US domiciled fund
and non-fund investment management accounts in any of the investment
categories where there is a DWS Scudder Fund. These similar products
included the other DWS Scudder Funds, non-fund pooled accounts,
institutional accounts and sub-advisory accounts. Using this information, I
calculated for each Fund the fee that would be charged to each similar
product, at the subject Fund's asset level.

Evaluating information regarding non-fund products is difficult because there
are varying levels of services required for different types of accounts, with
mutual funds generally requiring considerably more regulatory and
administrative types of service as well as having more frequent cash flows
than other types of accounts. Also, while mutual fund fees for similar fund
products can be expected to be similar, there will be some differences due
to different pricing conditions in different distribution channels (e.g. retail
funds versus those used in variable insurance products), differences in
underlying investment processes and other factors.

Costs and Profit Margins

DeAM provided a detailed profitability analysis for each Fund. After making
some adjustments so that the presentation would be more comparable to
the available industry figures, I reviewed profit margins from investment
management alone, from investment management plus other fund services
(excluding distribution) provided to the Funds by DeAM (principally
shareholder services), and DeAM profits from all sources, including
distribution. A later section comments on overall profitability.

Economies of Scale

Economies of scale  an expected decline in management cost per dollar
of fund assets as fund assets grow  are very rarely quantified and
documented because of inherent difficulties in collecting and analyzing
relevant data. However, in virtually every investment category that I
reviewed, larger funds tend to have lower fees and lower total expenses
than smaller funds. To see how each DWS Scudder Fund compares with
this industry observation, I reviewed:

The trend in Fund assets over the last five years and the accompanying
trend in total expenses. This shows if the Fund has grown and, if so,
whether total expense (management fees as well as other expenses)
have declined as a percent of assets.

Whether the Fund has break-points in its management fee schedule, the
extent of the fee reduction built into the schedule and the asset levels
where the breaks take effect, and in the case of a sub-advised Fund how
the Fund's break-points compare with those of the sub-advisory fee
schedule.

How the Fund's contractual fee schedule compares with trends in the
industry data. To accomplish this, I constructed a chart showing how
actual latest-fiscal-year contractual fees of the Fund and of other similar
funds relate to average fund assets, with the subject Fund's contractual
fee schedule superimposed.

Quality of Service  Performance

The quality-of-service evaluation focused on investment performance, which
is the principal result of the investment management service. Each Fund's
performance was reviewed over the past 1, 3, 5 and 10 years, as applicable,
and compared with that of other funds in the same investment category and
with a suitable market index.

In addition, I calculated and reviewed risk-adjusted returns relative to an
index of similar mutual funds' returns and a suitable market index. The
risk-adjusted returns analysis provides a way of determining the extent to
which the Fund's return comparisons are mainly the product of investment
value-added (or lack thereof) or alternatively taking considerably more or less
risk than is typical in its investment category.

I also received and considered the history of portfolio manager changes for
each Fund, as this provided an important context for evaluating the
performance results.

Complex-Level Considerations

While this evaluation was conducted mainly at the individual fund level,
there are some issues relating to the reasonableness of fees that can
alternatively be considered across the whole fund complex:

I reviewed DeAM's profitability analysis for all DWS Scudder funds, with a
view toward determining if the allocation procedures used were
reasonable and how profit levels compared with public data for other
investment managers.

I considered whether DeAM and affiliates receive any significant ancillary
or "fall-out" benefits that should be considered in interpreting the direct
profitability results. These would be situations where serving as the
investment manager of the Funds is beneficial to another part of the
Deutsche Bank organization.

I considered how aggregated DWS Scudder Fund expenses had varied
over the years, by asset class and in the context of trends in asset levels.

I reviewed the structure of the DeAM organization, trends in staffing
levels, and information on compensation of investment management and
other professionals compared with industry data.

Findings

Based on the process and analysis discussed above, which included
reviewing a wide range of information from management and external data
sources and considering among other factors the fees DeAM charges other
clients, the fees charged by other fund managers, DeAM's costs and profits
associated with managing the Funds, economies of scale, possible fall-out
benefits, and the nature and quality of services provided, in my opinion the
management fees charged the DWS Scudder Funds are reasonable.

gtf_mack0Thomas H. Mack

Directors and Officers

The following table presents certain information regarding the Board
Members and Officers of the Corporation as of August 31, 2008. Each
Board Member's year of birth is set forth in parentheses after his or her
name. Unless otherwise noted, (i) each Board Member has engaged in the
principal occupation(s) noted in the table for at least the most recent five
years, although not necessarily in the same capacity; and (ii) the address of
each Independent Board Member is c/o Dawn-Marie Driscoll, PO Box
100176, Cape Coral, FL 33904. Except as otherwise noted below, the term
of office for each Board Member is until the election and qualification of a
successor, or until such Board Member sooner dies, resigns, is removed or
as otherwise provided in the governing documents of the fund. Because the
fund does not hold an annual meeting of shareholders, each Board Member
will hold office for an indeterminate period. The Board Members may also
serve in similar capacities with other funds in the fund complex. The Length
of Time Served represents the year in which the Board Member joined the
board of one or more DWS funds now overseen by the Board.

|Independent Board Members                                               
|------------------------------------------------------------------------
|Name, Year of
Birth, Position
with the Fund
and Length of
Time Served1  
|Dawn-Marie
Driscoll (1946)Chairperson since
20042Board Member
since 1987
|Paul K. Freeman
(1950)Vice Chairperson
since 2008Board Member
since 1993
|John W.
Ballantine (1946)Board Member
since 1999                        
|Henry P. Becton,
Jr. (1943)Board Member
since 1990                      
|Keith R. Fox
(1954)Board Member
since 1996                              
|Kenneth C.
Froewiss (1945)Board Member
since 2001                       
|Richard J. Herring
(1946)Board Member
since 1990                        
|William
McClayton (1944)Board Member
since 2004                         
|Rebecca W.
Rimel (1951)Board Member
since 1995                          
|William N. Searcy,
Jr. (1946)Board Member
since 1993                    
|Jean Gleason
Stromberg (1943)Board Member
since 1997                    
|Robert H.
Wadsworth(1940)Board Member
since 1999                        

|Interested Board Member                                               
|----------------------------------------------------------------------
|Name, Year of
Birth, Position
with the Fund
and Length of
Time Served1
|Axel Schwarzer4(1958)Board Member
since 2006                          

|Officers6                                                                           
|------------------------------------------------------------------------------------
|Name, Year of Birth,
Position with the Fund and
Length of Time Served7              
|Michael G. Clark8 (1965)President, 2006-present                                     
|John Millette9 (1962)Vice President and Secretary,
1999-present                     
|Paul H. Schubert8 (1963)Chief Financial Officer,
2004-presentTreasurer, 2005-present
|Patricia DeFilippis10(1963)Assistant Secretary,
2005-present                        
|Elisa D. Metzger10 (1962)Assistant Secretary
2005-present                           
|Caroline Pearson9 (1962)Assistant Secretary,
1997-present                           
|Paul Antosca9 (1957)Assistant Treasurer,
2007-present                               
|Jack Clark9 (1967)Assistant Treasurer,
2007-present                                 
|Kathleen Sullivan D'Eramo9
(1957)Assistant Treasurer,
2003-present                  
|Diane Kenneally9(1966)Assistant Treasurer,
2007-present                             
|Jason Vazquez10 (1972)Anti-Money Laundering
Compliance Officer,
2007-present        
|Robert Kloby10 (1962)Chief Compliance Officer,
2006-present                         
|J. Christopher Jackson10
(1951)Chief Legal Officer,
2006-present                    

The fund's Statement of Additional Information ("SAI") includes additional information about
the Board Members. The SAI is available, without charge, upon request. If you would like to
request a copy of the SAI, you may do so by calling the following toll-free number:
(800) 621-1048.

Account Management Resources

|For shareholders of Classes A, B, C, S and Institutional Class
|--------------------------------------------------------------
|For More
Information                                          
|Web Site                                                      
|Written
Correspondence                                        
|Proxy Voting                                                  
|Principal
Underwriter                                         

|              | Class A     | Class B     | Class C     | Class S     | Institutional
Class
|------------- | ----------- | ----------- | ----------- | ----------- | -------------------
|Nasdaq Symbol | SGQAX       | SGQBX       | SGQCX       | SCOBX       | SGQIX              
|CUSIP Number  | 233379  817 | 233379  791 | 233379  783 | 233379  759 | 233379  684        
|Fund Number   | 407         | 607         | 707         | 2007        | 1407               

|For shareholders of Class R
|---------------------------
|Automated
Information Line 
|Web Site                   
|For More
Information       
|Written
Correspondence     
|Proxy Voting               
|Principal
Underwriter      

|              | Class R    
|------------- | -----------
|Nasdaq Symbol | SGQRX      
|CUSIP Number  | 233379  767
|Fund Number   | 1512       

Notes

Notes

Notes

Notes

gtf_backcover0

ITEM 2.

                        CODE OF ETHICSAs of the end of the period, August 31, 2008, DWS Global Thematic Fund has a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Principal Executive Officer and Principal Financial Officer.

                            

                            There have been no amendments to, or waivers from, a provision of the code of ethics during the period covered by this report that would require disclosure under Item 2.

                            

                            A copy of the code of ethics is filed as an exhibit to this Form N-CSR.ITEM 3.

                        AUDIT COMMITTEE FINANCIAL EXPERTThe Funds’ audit committee is comprised solely of trustees who are “independent” (as such term has been defined by the Securities and Exchange Commission (“SEC”) in regulations implementing Section 407 of the Sarbanes-Oxley Act (the “Regulations”)). The Funds’ Board of Trustees has determined that there
                            are several “audit committee financial experts” (as such term has been defined by the Regulations) serving on the Funds’ audit committee including Mr. William McClayton, the chair of the Funds’ audit committee. The SEC has stated that an audit committee financial expert is not an “expert” for any purpose, including for purposes of Section 11 of the Securities Act of 1933 and the designation or identification of a person as an audit
                            committee financial expert pursuant to this Item 3 of Form N-CSR does not impose on such person any duties, obligations or liability that are greater than the duties, obligations and liability imposed on such person as a member of the audit committee and board of directors in the absence of such designation or identification.ITEM 4.

                        PRINCIPAL ACCOUNTANT FEES AND SERVICES
 DWS GLOBAL THEMATIC FUND FORM N-CSR DISCLOSURE RE: AUDIT FEES The following table shows the amount of fees that PricewaterhouseCoopers, LLP (“PWC”), the Fund’s independent registered public accounting firm, billed to the Fund during the Fund’s last two fiscal years. The Audit Committee approved in advance all audit services and non-audit services that PWC provided to the Fund. The Audit Committee has delegated certain pre-approval responsibilities to its Chairman (or, in his absence, any other member of the Audit Committee). Services that the Fund’s Independent Registered Public Accounting Firm Billed to the Fund Fiscal YearEndedAugust 31,

                        Audit Fees Billed to Fund

                        Audit-RelatedFees Billed to Fund

                        Tax Fees Billed to Fund

                        AllOther Fees Billed to Fund2008

                        $76,050

                        $0

                        $0

                        $02007

                        $79,000

                        $0

                        $0

                        $0
  Services that the Fund’s Independent Registered Public Accounting Firm Billed to the Adviser and Affiliated Fund Service Providers The following table shows the amount of fees billed by PWC to Deutsche Investment Management Americas, Inc. (“DeIM” or the “Adviser”), and any entity controlling, controlled by or under common control with DeIM (“Control Affiliate”) that provides ongoing services to the Fund (“Affiliated Fund Service Provider”), for engagements directly related to the
            Fund’s operations and financial reporting, during the Fund’s last two fiscal years.   Fiscal YearAugust 31,

                        Audit-RelatedFees Billed to Adviser and Affiliated Fund Service Providers

                        Tax Fees Billed to Adviser and Affiliated Fund Service Providers

                        AllOther Fees Billed to Adviser and Affiliated Fund Service Providers2008

                        $0

                        $19,000

                        $02007

                        $98,500

                        $25,000

                        $0
  The “Audit-Related Fees” were billed for services in connection with the agreed-upon procedures related to fund mergers and additional costs related to annual audits and the above “Tax Fees” were billed in connection with tax consultation and agreed-upon procedures. Non-Audit Services The following table shows the amount of fees that PWC billed during the Fund’s last two fiscal years for non-audit services. The Audit Committee pre-approved all non-audit services that PWC provided to the Adviser and any Affiliated Fund Service Provider that related directly to the Fund’s operations and financial reporting. The Audit Committee requested and received information from PWC
            about any non-audit services that PWC rendered during the Fund’s last fiscal year to the Adviser and any Affiliated Fund Service Provider. The Committee considered this information in evaluating PWC’s independence.  Fiscal YearEndedAugust 31,

                        TotalNon-Audit Fees Billed to Fund

                            (A)

                        Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Fund)

                            (B)

                        Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements)

                            (C)

                        Total of (A), (B)and (C)2008

                        $0

                        $19,000

                        $600,000

                        $619,0002007

                        $0

                        $25,000

                        $0

                        $25,000
   All other engagement fees were billed for services provided by PWC for services related to consulting on an IT project.  ***  PwC advised the Fund's Audit Committee that PwC has identified two matters that it determined to be inconsistent with the SEC's auditor independence rules. In the first instance, an employee of PwC had power of attorney over an account which included DWS funds. The employee did not perform any audit services for the DWS Funds, but did work on a non audit project for Deutsche Bank AG. In the second
            instance, an employee of PwC served as a nominee shareholder (effectively equivalent to a Trustee) of various companies/trusts since 2001. Some of these companies held shares of Aberdeen, a sub advisor to certain DWS Funds, and of certain funds sponsored by subsidiaries of Deutsche Bank AG. The trustee relationship has ceased. PwC informed the Audit Committee that these matters could have constituted an investment in an affiliate of an audit client in violation
            of the Rule 2-01(c)(1) of Regulation S-X. PwC advised the Audit Committee that PwC believes its independence had not been impacted as it related to the audits of the Fund. In reaching this conclusion, PwC noted that during the time of its audit, the engagement team was not aware of the investment and that PwC does not believe these situations affected PwC's ability to act objectively and impartially and to issue a report on financial statements as the funds' independent
            auditor.   ITEM 5.

                        AUDIT COMMITTEE OF LISTED REGISTRANTSNot ApplicableITEM 6.

                        SCHEDULE OF INVESTMENTSNot ApplicableITEM 7.

                        DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.ITEM 8.

                        PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.
  ITEM 9.

                        PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERSNot Applicable.
  ITEM 10.

                        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSThe primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Chairman of the Board, P.O.
                            Box 100176, Cape Coral, FL 33910.ITEM 11.

                        CONTROLS AND PROCEDURES(a)          The Chief Executive and Financial Officers concluded that the Registrant’s Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.(b)          There have been no changes in the registrant’s internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant’s internal
                            controls over financial reporting.ITEM 12.

                        EXHIBITS
    (a)(1)     Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.(a)(2)     Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.(b)         Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.


Form N-CSR Item F  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:
        DWS Global Thematic Fund, a series of DWS Global/International Fund, Inc.
  By:
        /s/Michael G. Clark
 Michael G. Clark
 President  Date:
        October 30, 2008
   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.  Registrant:
        DWS Global Thematic Fund, a series of DWS Global/International Fund, Inc.
  By:
        /s/Michael G. Clark
 Michael G. Clark
 President  Date:
        October 30, 2008
   By:
        /s/Paul Schubert
 Paul Schubert
 Chief Financial Officer and Treasurer  Date:
        October 30, 2008