UNITED STATES

SECURITIES AND EXCHANGE            COMMISSION

Washington, DC 20549

 

**FORM N-Q**

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF            REGISTERED**

**MANAGEMENT INVESTMENT            COMPANY**

**_______________________________**

Investment Company Act file number            811-43

DWS Investment Trust

(Exact name of registrant as specified in            charter)

 

345            Park Avenue

New York, NY 10154

(Address of principal executive offices)                        (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY 10154-0004

(Name and address of agent for            service)

Registrant's telephone number, including area            code:(212) 454-7190

Date of fiscal year end:07/31

Date of reporting            period:10/31/08

 

ITEM 1.            SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of October 31, 2008 (Unaudited)** |
|----------------------|----------------------------------------|

             

 

**DWS            Large Company Growth Fund**

 

 

|                                                                 | **Shares**              |    | **Value                            ($)** |
|----------------------------------------------------------------------|-------------------------|---------|------------------------------------------|
|                                                                      |
|                                                                 | **Common Stocks 96.7%** |    |
| **Consumer Discretionary 8.7%**                                      |                    |
| **Hotels Restaurants &                            Leisure 2.8%** |                    |
| McDonald's Corp.                                                     |                    | 99,000  |                                     | **5,735,069** |
| **Multiline Retail                            2.2%**                 |                    |
| Kohl's Corp.*                                                        |                    | 68,801  |                                     | 2,416,979 |
| Target Corp.                                                         |                    | 48,800  |                                     | 1,957,856 |
|                                                                      |
|                                                                 | **4,374,835**           |
| **Specialty Retail                            2.3%**                 |                    |
| GameStop Corp. "A"*                                                  |                    | 87,300  |                                     | 2,391,147 |
| Staples, Inc.                                                        |                    | 116,200 |                                     | 2,257,766 |
|                                                                      |
|                                                                 | **4,648,913**           |
|                                                                      |                         |         |                                          |  |  |  |  |

 

 

 

| **Textiles, Apparel &                            Luxury Goods 1.4%** |           |
|--------------------------------------------------------------------------|----------------|
| NIKE, Inc. "B"                                                           |           | 48,900 |   | **2,818,107** |
| **Consumer Staples 12.4%**                                               |           |
| **Beverages                            5.6%**                            |           |
| Diageo PLC                                                               |           | 280,136 |   | 4,287,458 |
| PepsiCo, Inc.                                                            |           | 123,940 |   | 7,065,820 |
|                                                                          |
|                                                                     | **11,353,278** |
| **Food & Staples Retailing                            3.2%**         |           |
| Shoppers Drug Mart Corp.                                                 |           | 60,600 |   | 2,332,897 |
| Wal-Mart Stores, Inc.                                                    |           | 73,500 |   | 4,102,035 |
|                                                                          |
|                                                                     | **6,434,932**  |
| **Food Products                            1.6%**                        |           |
| Dean Foods Co.*                                                          |           | 144,600 |   | **3,160,956** |
| **Household Products                            2.0%**                   |           |
| Colgate-Palmolive Co.                                                    |           | 65,250 |   | **4,095,090** |
| **Energy 11.7%**                                                         |           |
| **Energy Equipment &                            Services 4.3%**      |           |
| Halliburton Co.                                                          |           | 28,900 |   | 571,931 |
| Noble Corp.                                                              |           | 61,800 |   | 1,990,578 |
| Schlumberger Ltd.                                                        |           | 80,500 |   | 4,157,825 |
| Transocean, Inc.*                                                        |           | 22,357 |   | 1,840,652 |
|                                                                          |
|                                                                     | **8,560,986**  |
| **Oil, Gas & Consumable                            Fuels 7.4%**      |           |
| ConocoPhillips                                                           |           | 38,590 |   | 2,007,452 |
| Devon Energy Corp.                                                       |           | 63,700 |   | 5,150,782 |
| EOG Resources, Inc.                                                      |           | 48,900 |   | 3,956,988 |
| XTO Energy, Inc.                                                         |           | 107,532 |   | 3,865,775 |
|                                                                          |
|                                                                     | **14,980,997** |
| **Financials 3.3%**                                                      |           |
| **Capital Markets                            1.3%**                      |           |
| Charles Schwab Corp.                                                     |           | 73,000 |   | 1,395,760 |
| State Street Corp.                                                       |           | 25,790 |   | 1,117,997 |
|                                                                          |
|                                                                     | **2,513,757**  |
| **Diversified Financial                            Services 0.8%**       |           |
| CME Group, Inc.                                                          |           | 5,953 |   | **1,679,639** |
| **Insurance                            1.2%**                            |           |
| Aflac, Inc.                                                              |           | 56,319 |   | **2,493,805** |
| **Health Care 20.9%**                                                    |           |
| **Biotechnology                            6.2%**                        |           |
| Celgene Corp.*                                                           |           | 48,400 |   | 3,110,184 |
| Genentech, Inc.*                                                         |           | 33,800 |   | 2,803,372 |
| Gilead Sciences, Inc.*                                                   |           | 142,800 |   | 6,547,380 |
|                                                                          |
|                                                                     | **12,460,936** |
| **Health Care Equipment &                            Supplies 7.0%** |           |
| Baxter International, Inc.                                               |           | 95,900 |   | 5,800,991 |
| C.R. Bard, Inc.                                                          |           | 34,500 |   | 3,044,625 |
| Hologic, Inc.*                                                           |           | 55,300 |   | 676,872 |
| Medtronic, Inc.                                                          |           | 62,000 |   | 2,500,460 |
| Zimmer Holdings, Inc.*                                                   |           | 45,600 |   | 2,117,208 |
|                                                                          |
|                                                                     | **14,140,156** |
|                                                                          |                |  |  |  |  |

 

 

 

| **Life Sciences Tools &                            Services 1.6%**                 |           |
|----------------------------------------------------------------------------------------|----------------|
| Thermo Fisher Scientific, Inc.*                                                        |           | 79,300 |   | **3,219,580** |
| **Pharmaceuticals                            6.1%**                                    |           |
| Abbott Laboratories                                                                    |           | 108,300 |   | 5,972,745 |
| Johnson & Johnson                                                                  |           | 104,706 |   | 6,422,666 |
|                                                                                        |
|                                                                                   | **12,395,411** |
| **Industrials 9.6%**                                                                   |           |
| **Aerospace & Defense                            4.0%**                            |           |
| Goodrich Corp.                                                                         |           | 81,700 |   | 2,986,952 |
| Honeywell International, Inc.                                                          |           | 89,600 |   | 2,728,320 |
| United Technologies Corp.                                                              |           | 44,300 |   | 2,434,728 |
|                                                                                        |
|                                                                                   | **8,150,000**  |
| **Electrical Equipment                            1.5%**                               |           |
| Emerson Electric Co.                                                                   |           | 89,800 |   | **2,939,154** |
| **Machinery                            0.8%**                                          |           |
| Parker Hannifin Corp.                                                                  |           | 40,600 |   | **1,574,062** |
| **Road & Rail                            3.3%**                                    |           |
| Canadian National Railway Co.                                                          |           | 104,700 |   | 4,529,322 |
| Norfolk Southern Corp.                                                                 |           | 37,200 |   | 2,229,768 |
|                                                                                        |
|                                                                                   | **6,759,090**  |
| **Information Technology 22.6%**                                                       |           |
| **Communications Equipment                            3.7%**                           |           |
| Cisco Systems, Inc.*                                                                   |           | 171,890 |   | 3,054,485 |
| QUALCOMM, Inc.                                                                         |           | 112,600 |   | 4,308,076 |
|                                                                                        |
|                                                                                   | **7,362,561**  |
| **Computers & Peripherals                            8.4%**                        |           |
| Apple, Inc.*                                                                           |           | 51,400 |   | 5,530,126 |
| EMC Corp.*                                                                             |           | 228,100 |   | 2,687,018 |
| Hewlett-Packard Co.                                                                    |           | 103,500 |   | 3,961,980 |
| International Business Machines Corp.                                                  |           | 51,500 |   | 4,787,955 |
|                                                                                        |
|                                                                                   | **16,967,079** |
| **Electronic Equipment,                            Instruments & Components 1.6%** |           |
| Mettler-Toledo International, Inc.*                                                    |           | 41,700 |   | **3,191,718** |
| **Internet Software &                            Services 1.7%**                   |           |
| Google, Inc. "A"*                                                                      |           | 9,400 |   | **3,377,984** |
| **IT Services                            3.0%**                                        |           |
| Accenture Ltd. "A"                                                                     |           | 117,000 |   | 3,866,850 |
| Visa, Inc. "A"                                                                         |           | 39,400 |   | 2,180,790 |
|                                                                                        |
|                                                                                   | **6,047,640**  |
| **Semiconductors &                            Semiconductor Equipment 1.8%**       |           |
| Intel Corp.                                                                            |           | 232,860 |   | **3,725,760** |
| **Software                            2.4%**                                           |           |
| Adobe Systems, Inc.*                                                                   |           | 91,900 |   | 2,448,216 |
| Microsoft Corp.                                                                        |           | 108,400 |   | 2,420,572 |
|                                                                                        |
|                                                                                   | **4,868,788**  |
| **Materials 6.6%**                                                                     |           |
| **Chemicals                            5.2%**                                          |           |
| Ecolab, Inc.                                                                           |           | 62,000 |   | 2,310,120 |
| Monsanto Co.                                                                           |           | 50,800 |   | 4,520,184 |
|                                                                                        |                |  |  |  |  |

 

 

 

| Praxair, Inc.                                                                                                                                                                                                                                                                                  |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 56,300          |                                     | 3,667,945     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|------------------------------------------|---------------|
|                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                           | **10,498,249**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| **Metals & Mining                            1.4%**                                                                                                                                                                                                                                        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| Barrick Gold Corp.                                                                                                                                                                                                                                                                             |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 79,000          |                                     | 1,794,880     |
| Freeport-McMoRan Copper & Gold, Inc.                                                                                                                                                                                                                                                       |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 31,300          |                                     | 910,830       |
|                                                                                                                                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                           | **2,705,710**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| **Telecommunication Services 0.9%**                                                                                                                                                                                                                                                            |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| **Diversified                            Telecommunication Services**                                                                                                                                                                                                                          |
| AT&T, Inc.                                                                                                                                                                                                                                                                                 |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 68,700          |                                     | **1,839,099** |
|                                                                                                                                                                                                                                                                                                |
| **Total Common Stocks**(Cost $180,338,465)                                                                                                                                                                                                                                                     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | **195,073,341** |
|                                                                                                                                                                                                                                                                                           | **Cash Equivalents 4.3%**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |            |
| Cash Management QP Trust, 2.30% (a)(Cost $8,766,660)                                                                                                                                                                                                                                           |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |            | 8,766,660                                |          | **8,766,660** |
|                                                                                                                                                                                                                                                                                           | **%                            of****Net Assets**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |            | **Value                            ($)** |
|                                                                                                                                                                                                                                                                                                |
| **Total Investment Portfolio**(Cost $189,105,125) †                                                                                                                                                                                                                                     | 101.0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |            | **203,840,001**                          |
| **Other Assets and Liabilities, Net**                                                                                                                                                                                                                                                          | (1.0)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |            | **(2,071,350)**                          |
|                                                                                                                                                                                                                                                                                                |
| **Net Assets**                                                                                                                                                                                                                                                                                 | 100.0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |            | **201,768,651**                          |
| *For information on the Fund's policies regarding                            the valuation of investments and other significant accounting policies,                            please refer to the Fund's most recent semi-annual or annual financial                            statements.* |
| ***                                                                                                                                                                                                                                                                                            | *Non-income producing security.*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| *†*                                                                                                                                                                                                                                                                                     | *The cost for federal income tax purposes was                            $190,189,829. At October 31, 2008, net unrealized appreciation for all                            securities based on tax cost was $13,650,172. This consisted of                            aggregate gross unrealized appreciation for all securities in which                            there was an excess of value over tax cost of $40,359,346 and aggregate                            gross unrealized depreciation for all securities in which there was an                            excess of tax cost over value of $26,709,174.* |
| *(a)*                                                                                                                                                                                                                                                                                          | *Affiliated fund managed by Deutsche Investment                            Management Americas Inc. The rate shown is the annualized seven-day                            yield at period end.*                                                                                                                                                                                                                                                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          |                 |                                          |               |  |  |  |  |  |  |  |

             

***Fair Value Measurements***

 

*The            following is a summary of the inputs used as of October 31, 2008 in valuing the Fund's            investments. Please see below for information on the Fund’s policy regarding            valuation inputs, and their aggregate levels used in the table below:*

 

| **Valuation Inputs** | **Investments in Securities** |
|----------------------|-------------------------------|
| Level 1              | $ 199,552,543                 |
| Level 2              | 4,287,458                     |
| Level 3              | -                             |
| **Total**            | **$ 203,840,001**             |

 

 

*The            Fund adopted Financial Accounting Standards Board Statement of Financial Accounting            Standards No. 157, Fair Value Measurements ("FAS* *157"), effective at the beginning of the Fund’s fiscal year.            FAS* *157 establishes a            three-tier hierarchy to maximize the use of observable market data and minimize the use            of unobservable inputs and requires additional disclosure about the classification of            fair value measurements.*

*Various inputs are used in determining the value of the Fund's            investments. These inputs are summarized in three broad levels. Level 1 includes quoted            prices in active markets for identical securities. Level 2 includes other significant            observable inputs (including quoted prices for similar securities, interest rates,            prepayment speeds, credit risk, etc.). Level 3 includes significant unobservable inputs            (including the Fund's own assumptions in determining the fair value of investments).            The inputs or methodology used for valuing securities are not necessarily an indication            of the risk associated with investing in those securities.*

 

 

 

| **ITEM 2.** | **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 registrant’s last fiscal                            quarter that has materially affected, or is reasonably likely to                            materially affect, the registrant’s internal controls over                            financial reporting. |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| **ITEM 3.** | **EXHIBITS**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
|        |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|        | 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.                                                                                                                                                                                                                                                                                                                             |

 

 

**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.

 

DWS            Core Plus Allocation Fund, a series of DWS Equity Trust

DWS            Large Company Growth Fund, a series of DWS Investment Trust

DWS            Money Market Prime Series, a series of DWS Money Funds

DWS            Target 2010 Fund, a series of DWS Target Fund

DWS            Target 2011 Fund, a series of DWS Target Fund

DWS            Target 2012 Fund, a series of DWS Target Fund

DWS            Target 2013 Fund, a series of DWS Target Fund

DWS            Target 2014 Fund, a series of DWS Target Fund

DWS            Equity Income Fund, a series of DWS Value Equity Trust

DWS            Core Plus Income Fund, a series of DWS Portfolio Trust

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | December 19, 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.

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | December 19, 2008 |
|-------|-------------------|

 

| By: | /s/Paul Schubert |
|-----|------------------|

|   | Paul Schubert |
|--------|---------------|

Chief Financial Officer and Treasurer

 

Date:                                        December            19, 2008