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  811-3495

DWS Money Market 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:  12/31

Date of reporting period: 09/30/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of September 30, 2008  (Unaudited)** |
|----------------------|-------------------------------------------|

 

 

| **DWS Money Market Series** |
|-----------------------------|

DWS Money Market Series (the “Fund”) is a feeder fund that invests substantially all of its assets in a “master portfolio”, the Cash Management Portfolio (the “Portfolio”) and owns a pro rata interest in the Portfolio’s net assets.  At September 30, 2008, the Fund owned approximately 56% of the Portfolio’s outstanding interests. The Portfolio’s Schedule of Investments is set forth below.

 

 

|   | **Principal****Amount ($)**                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       | **Value ($)** |
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|        |
|   | **Certificates of Deposit and Bank Notes 28.4%** |  
Banco Bilbao Vizcaya Argentaria SA:

 
 

2.775%, 11/14/2008 

 

97,700,000 

 

97,702,964 

 

2.795%, 12/4/2008 

 

110,000,000 

 

110,006,550 

 

3.09%, 3/9/2009 

 

120,000,000 

 

120,002,609 

Banco Santander SA:

 
 

2.67%, 10/3/2008 

 

61,200,000 

 

61,199,756 

 

2.89%, 11/10/2008 

 

100,000,000 

 

100,003,251 

 

3.0%, 12/9/2008 

 

50,000,000 

 

50,000,000 

Bank of Scotland PLC:

 
 

 

 

 

4.5%, 11/19/2008 

 

120,000,000 

 

120,000,000 

 

4.93%, 10/9/2008 

 

155,000,000 

 

155,000,000 

Bank of The West, 2.815%, 10/8/2008 

 

300,000,000

 

300,000,000

Bank of Tokyo-Mitsubishi UFJ Ltd.:

 
 

2.69%, 10/24/2008 

 

100,000,000 

 

100,000,000 

 

2.84%, 11/18/2008 

 

130,000,000 

 

130,000,000 

 

2.85%, 10/8/2008 

 

300,000,000 

 

300,000,000 

Barclays Bank PLC:

 
 

3.0%, 12/2/2008 

 

247,650,000 

 

247,650,000 

 

3.15%, 12/8/2008 

 

70,750,000 

 

70,750,000 

 

3.17%, 2/19/2009 

 

200,000,000 

 

200,000,000 

 

3.18%, 3/3/2009 

 

75,000,000 

 

75,000,000 

BNP Paribas:

 
 

2.85%, 12/31/2008 

 

140,000,000 

 

140,003,430 

 

3.08%, 3/5/2009 

 

50,000,000 

 

50,000,000 

Calyon:

 
 

3.0%, 10/22/2008 

 

85,350,000 

 

85,350,000 

 

3.02%, 10/23/2008 

 

200,000,000 

 

200,000,000 

 

3.05%, 2/5/2009 

 

10,000,000 

 

9,996,173 

 

3.13%, 1/12/2009 

 

2,500,000 

 

2,500,189 

 

3.14%, 3/5/2009 

 

150,000,000 

 

150,000,000 

Canadian Imperial Bank of Commerce:

 
 

2.83%, 11/10/2008 

 

127,500,000 

 

127,500,000 

 

2.89%, 10/9/2008 

 

57,000,000 

 

57,000,000 

Credit Agricole SA, 2.9%, 12/1/2008 

 

77,000,000

 

77,000,000

Credit Industriel et Commercial:

 
 

2.97%, 11/14/2008 

 

31,000,000 

 

31,000,188 

 

3.045%, 10/14/2008 

 

125,500,000 

 

125,500,225 

Dexia Credit Local, 2.84%, 11/14/2008 

 

200,000,000

 

200,000,000

DNB NOR Bank ASA, 3.07%, 3/9/2009 

 

212,600,000

 

212,600,000

Fortis Bank SA, 3.0%, 10/22/2008 

 

150,000,000

 

150,000,000

Intesa Sanpaolo SpA:

 
 

2.81%, 11/14/2008 

 

67,000,000 

 

67,000,812 

 

3.02%, 12/29/2008 

 

224,000,000 

 

224,000,000 

Landesbank Hessen-Thueringen Girozentrale, 2.9%, 10/9/2008 

 

200,000,000

 

200,000,000

Lloyds TSB Bank PLC:

 
 

2.61%, 10/20/2008 

 

100,000,000 

 

100,000,000 

 

2.62%, 10/8/2008 

 

162,000,000 

 

162,000,000 

 

2.62%, 10/10/2008 

 

138,300,000 

 

138,300,000 

Metropolitan Life Global Funding I, 3.8%, 1/20/2009

 

91,500,000 

 

91,500,000 

Mizuho Corporate Bank Ltd.:

 
 

2.67%, 10/14/2008 

 

57,100,000 

 

57,100,000 

 

2.7%, 10/21/2008 

 

50,000,000 

 

50,000,000 

 

2.82%, 10/16/2008 

 

150,000,000 

 

150,000,000 

 

2.82%, 10/20/2008 

 

146,000,000 

 

146,000,000 

 

2.82%, 10/21/2008 

 

75,000,000 

 

75,000,000 

Norinchukin Bank:

 
 

2.65%, 10/14/2008 

 

210,000,000 

 

210,000,000 

 

2.8%, 11/21/2008 

 

50,000,000 

 

49,999,816 

Rabobank Nederland NV:

 
 

2.7%, 11/13/2008 

 

270,850,000 

 

270,850,000 

 

2.75%, 11/7/2008 

 

95,000,000 

 

95,004,708 

 

3.0%, 2/26/2009 

 

127,750,000 

 

127,750,000 

Skandinaviska Enskilda Banken AB:

 
 

2.805%, 11/19/2008 

 

65,000,000 

 

65,000,439 

 

2.81%, 12/12/2008 

 

75,000,000 

 

75,001,490 

Societe Generale, 2.89%, 10/9/2008 

 

175,000,000

 

175,000,000

 

 

 

Toronto-Dominion Bank, 2.65%, 10/6/2008 

 

7,000,000

 

6,999,995

Wells Fargo Bank NA, 2.64%, 10/27/2008 

 

6,000,000

 

5,999,999

**Total Certificates of Deposit and Bank Notes** (Cost $6,398,272,594)

 

**6,398,272,594**

 

**Commercial Paper 23.2%**

 
**Issued at Discount** 22.9%**

 
Abbey National North America LLC, 2.6%, 10/22/2008 

 

66,000,000

 

65,899,900

Alcon Capital Corp.:

 
 

2.25%, 1/21/2009 

 

100,000,000 

 

99,300,000 

 

2.49%, 12/17/2008 

 

100,000,000 

 

99,467,417 

 

2.5%, 5/8/2009 

 

50,000,000 

 

49,239,583 

Alpine Securitization:

 
 

2.48%, 10/2/2008 

 

5,000,000 

 

4,999,656 

 

2.6%, 10/2/2008 

 

80,000,000 

 

79,994,222 

ASB Finance Ltd., 3.1%, 3/6/2009 

 

100,000,000

 

98,656,667

AT&T, Inc.:

 
 

2.22%, 10/20/2008 

 

25,000,000 

 

24,970,708 

 

2.24%, 11/13/2008 

 

150,000,000 

 

149,598,667 

 

2.25%, 10/20/2008 

 

100,000,000 

 

99,881,250 

Caisse Nationale des Caisses d'Epargne et de Prevoyance:

 
 

2.96%, 12/18/2008 

 

68,900,000 

 

68,458,121 

 

2.96%, 12/23/2008 

 

80,000,000 

 

79,454,044 

Danske Corp.:

 
 

2.51%, 10/6/2008 

 

200,000,000 

 

199,930,278 

 

2.73%, 12/12/2008 

 

44,000,000 

 

43,759,760 

 

2.74%, 12/5/2008 

 

200,000,000 

 

199,010,556 

General Electric Capital Corp.:

 
 

2.22%, 10/9/2008 

 

12,600,000 

 

12,593,784 

 

2.53%, 10/1/2008

 

300,000,000

 

300,000,000

 

2.7%, 12/15/2008 

 

61,500,000 

 

61,154,062 

 

2.84%, 2/4/2009 

 

300,000,000 

 

297,018,000 

 

2.84%, 2/6/2009 

 

225,000,000 

 

222,728,000 

Greenwich Capital Holdings, Inc., 2.85%, 10/6/2008 

 

120,000,000

 

119,952,500

Giro Balanced Funding Corp., 2.745%, 10/1/2008 

 

115,000,000

 

115,000,000

ING (US) Funding LLC, 2.695%, 10/21/2008 

 

1,600,000

 

1,597,604

Johnson & Johnson:

 
 

2.05%, 4/28/2009 

 

80,000,000 

 

79,047,889 

 

2.09%, 10/23/2008 

 

19,500,000 

 

19,475,094 

 

2.1%, 10/14/2008 

 

4,000,000 

 

3,996,967 

 

2.2%, 1/29/2009 

 

100,000,000 

 

99,266,667 

 

2.25%, 1/20/2009 

 

100,000,000 

 

99,306,250 

 

2.25%, 1/23/2009 

 

100,000,000 

 

99,287,500 

KBC Financial Products International Ltd., 2.85%, 11/3/2008 

 

75,000,000

 

74,804,062

Kitty Hawk Funding Corp., 2.85%, 10/2/2008 

 

26,881,000

 

26,878,872

Kreditanstalt fuer Wiederaufbau, 2.12%, 10/6/2008 

 

3,084,000

 

3,083,092

Market Street Funding LLC, 2.64%, 10/1/2008 

 

87,000,000

 

87,000,000

Nestle Capital Corp:

 
 

2.3%, 3/19/2009 

 

75,000,000 

 

74,190,208 

 

2.5%, 5/5/2009 

 

50,000,000 

 

49,250,000 

Pfizer, Inc., 2.52%, 3/2/2009 

 

50,000,000

 

49,468,000

Procter & Gamble International Funding SCA:

 
 

2.15%, 11/12/2008 

 

50,000,000 

 

49,874,583 

 

2.19%, 10/24/2008 

 

98,000,000 

 

97,862,882 

 

2.23%, 1/29/2009 

 

30,000,000 

 

29,777,000 

 

2.23%, 2/6/2009 

 

80,000,000 

 

79,365,689 

 

2.23%, 2/12/2009 

 

60,000,000 

 

59,501,967 

 

 

 

 

2.23%, 2/20/2009 

 

100,000,000 

 

99,120,389 

 

2.23%, 2/26/2009 

 

10,000,000 

 

9,908,322 

 

2.25%, 10/10/2008 

 

35,000,000 

 

34,980,312 

Royal Bank of Scotland Group PLC, 2.955%, 10/21/2008 

 

200,000,000

 

199,671,667

Salisbury Receivables Co., LLC, 2.52%, 10/3/2008 

 

20,000,000

 

19,997,200

Sheffield Receivables Corp., 2.45%, 10/1/2008 

 

14,405,000

 

14,405,000

Societe Generale North America, Inc.:

 
 

2.81%, 10/16/2008 

 

71,000,000 

 

70,916,871 

 

2.87%, 12/22/2008 

 

96,000,000 

 

95,372,427 

 

2.935%, 12/22/2008 

 

43,500,000 

 

43,209,190 

 

3.15%, 10/22/2008 

 

300,000,000 

 

299,448,750 

Suncorp-Metway Ltd., 3.02%, 11/3/2008 

 

79,000,000

 

78,781,302

Swedbank AB:

 
 

2.99%, 11/3/2008 

 

40,000,000 

 

39,890,367 

 

3.0%, 11/4/2008 

 

120,000,000 

 

119,660,000 

 

3.0%, 11/10/2008 

 

33,200,000 

 

33,089,333 

Toronto Dominion Holdings (USA), Inc., 2.54%, 10/17/2008 

 

1,524,000

 

1,522,280

Toyota Motor Credit Corp.:

 
 

2.53%, 10/14/2008 

 

130,000,000 

 

129,881,230 

 

2.88%, 12/30/2008 

 

72,000,000 

 

71,481,600 

United Parcel Service, Inc., 3.25%, 12/17/2008 

 

17,900,000

 

17,775,570

Victory Receivables Corp., 2.6%, 10/3/2008 

 

31,400,000

 

31,395,464

Westpac Banking Corp.:

 
 

2.71%, 11/10/2008 

 

40,000,000 

 

39,879,556 

 

2.72%, 11/13/2008 

 

140,000,000 

 

139,545,156 

 

**5,164,033,487**

**Issued at Par 0.3%**

 
CHI Catholic Health Initiatives, 2.65%, 12/31/2008 

 

55,063,000

 

**55,063,000**

**Total Commercial Paper** (Cost $5,219,096,487)

 

**5,219,096,487**

 

**Government & Agency Obligations 4.9%**

 
**US Government Sponsored Agencies 0.8%**

 
Federal Home Loan Bank:

 
 

Zero Coupon, 10/1/2008 

 

17,977,000 

 

17,977,000 

 

0.087% **, 10/7/2008 

 

90,000,000 

 

89,998,500 

 

0.429% **, 10/9/2008 

 

904,000 

 

903,849 

 

2.61%, 6/3/2009 

 

30,000,000 

 

30,000,000 

Federal Home Loan Mortgage Corp., 5.0%, 1/16/2009 

 

40,000,000

 

40,256,526

 

**179,135,875**

**US Treasury Obligations 4.1%**

 
US Treasury Bills:

 
 

1.45% **, 8/27/2009 

 

250,000,000 

 

246,677,083 

 

1.69% **, 1/8/2009 

 

200,000,000 

 

199,070,500 

 

1.76% **, 9/24/2009 

 

475,000,000 

 

466,686,445 

 

**912,434,028**

**Total Government & Agency Obligations** (Cost $1,091,569,903)

 

**1,091,569,903**

 

**Short Term Notes* 17.3%**

 
Abbey National Treasury Services PLC:

 
 

2.727%, 2/13/2009 

 

50,000,000 

 

50,000,000 

 

2.733%, 10/2/2008 

 

87,000,000 

 

86,999,837 

 

3.01%, 2/20/2009 

 

187,250,000 

 

187,250,000 

 

3.596%, 4/24/2009 

 

125,500,000 

 

125,500,000 

American Honda Finance Corp., 144A, 3.341%, 3/25/2009 

 

100,000,000

 

100,000,000

 

 

 

ANZ National (International) Ltd., 3.036%, 7/10/2009 

 

96,000,000

 

96,000,000

Australia & New Zealand Banking Group Ltd., 3.02%, 7/2/2009 

 

199,350,000

 

199,346,143

Bank of America NA, 2.987%, 7/6/2009 

 

195,000,000

 

195,000,000

Bank of Scotland PLC, 3.008%, 6/5/2009 

 

123,250,000

 

123,250,000

Banque Federative du Credit Mutuel, 2.959%, 8/27/2010 

 

217,000,000

 

217,000,000

Barclays Bank PLC, 4.208%, 2/27/2009 

 

30,000,000

 

30,000,000

BNP Paribas, 3.013%, 5/13/2009 

 

84,100,000

 

84,100,000

Commonwealth Bank of Australia, 2.816%, 12/18/2008 

 

72,000,000

 

71,996,002

Credit Agricole SA, 144A, 3.433%, 7/22/2009 

 

296,500,000

 

296,500,000

General Electric Capital Corp., 3.216%, 9/24/2009 

 

135,000,000

 

135,000,000

ING Bank NV, 3.726%, 3/26/2009 

 

84,000,000

 

84,000,000

Intesa Sanpaolo SpA, 2.987%, 5/13/2009 

 

125,000,000

 

125,000,000

KBC Bank NV, 2.838%, 12/16/2008 

 

75,000,000

 

75,000,000

Metropolitan Life Global Funding I:

 
 

144A, 3.041%, 5/11/2009 

 

66,500,000 

 

66,500,000 

 

3.163%, 4/13/2009 

 

35,000,000 

 

35,000,000 

National Australia Bank Ltd.:

 
 

3.001%, 4/7/2009 

 

125,750,000 

 

125,750,000 

 

3.008%, 2/19/2009 

 

179,750,000 

 

179,750,000 

Natixis, 3.065%, 4/6/2009 

 

268,500,000

 

268,500,000

Procter & Gamble International Funding SCA, 2.878%, 2/19/2009 

 

64,000,000

 

64,000,000

Rabobank Nederland NV:

 
 

2.784%, 11/14/2008 

 

195,000,000 

 

195,000,000 

 

144A, 2.992%, 10/9/2009 

 

179,250,000 

 

179,250,000 

Royal Bank of Canada, 2.887%, 7/15/2009 

 

171,500,000

 

171,500,314

Svenska Handelsbanken, Inc., 144A, 3.15%, 5/26/2009 

 

25,000,000

 

25,000,000

Toyota Motor Credit Corp.:

 
 

1.83%, 3/12/2009 

 

110,000,000 

 

110,000,000 

 

1.83%, 3/19/2009 

 

100,000,000 

 

100,000,000 

 

2.746%, 11/17/2008 

 

100,000,000 

 

100,000,000 

**Total Short Term Notes** (Cost $3,902,192,296)

 

**3,902,192,296**

 

**Time Deposits 12.3%**

 
Bank of Montreal, 0.01%, 10/1/2008 

 

250,000,000

 

250,000,000

Bank of Tokyo-Mitsubishi UFJ Ltd., 4.0%, 10/1/2008 

 

268,264,961

 

268,264,961

KBC Bank NV:

 
 

0.01%, 10/1/2008 

 

200,000,000 

 

200,000,000 

 

5.5%, 10/1/2008 

 

500,000,000 

 

500,000,000 

 

6.0%, 10/1/2008 

 

175,000,000 

 

175,000,000 

PNC Bank NA, 0.01%, 10/1/2008 

 

350,000,000

 

350,000,000

Royal Bank of Canada, 0.25%, 10/1/2008 

 

410,000,000

 

410,000,000

Royal Bank of Scotland PLC, 4.5%, 10/1/2008 

 

124,000,000

 

124,000,000

Societe Generale, 0.25%, 10/1/2008 

 

300,000,000

 

300,000,000

US Bank NA, 0.01%, 10/1/2008 

 

200,000,000

 

200,000,000

**Total Time Deposits** (Cost $2,777,264,961)

 

**2,777,264,961**

 

**Repurchase Agreements 11.8%**

 
Banc of America Securities LLC, 2.15%, dated 9/30/2008, to be repurchased at $335,909,870 on 10/1/2008 (a)

 

335,889,810

 

335,889,810

BNP Paribas, 0.15%, dated 9/30/2008, to be repurchased at $840,003,500 on 10/1/2008 (b)

 

840,000,000

 

840,000,000

BNP Paribas, 0.6%, dated 9/30/2008, to be repurchased at $70,979,753 on 10/1/2008 (c)

 

70,978,570

 

70,978,570

BNP Paribas, 1.7%, dated 9/30/2008, to be repurchased at $802,373,995 on 10/1/2008 (d)

 

802,336,107

 

802,336,107

BNP Paribas, 2.0%, dated 9/30/2008, to be repurchased at $50,002,778 on 10/1/2008 (e)

 

50,000,000

 

50,000,000

JPMorgan Securities, Inc., 0.1%, dated 9/30/2008, to be repurchased at $331,346,359 on 10/1/2008 (f)

 

331,345,439

 

331,345,439

 

 

 

JPMorgan Securities, Inc., 2.0%, dated 9/30/2008, to be repurchased at $237,393,689 on 10/1/2008 (g)

 

237,380,501

 

237,380,501

**Total Repurchase Agreements** (Cost $2,667,930,427)

 

**2,667,930,427**

 

**% of****Net Assets**

 

**Value ($)**

**Total Investment Portfolio** (Cost $22,056,326,668) †

97.9

 

**22,056,326,668**

**Other Assets and Liabilities, Net**

2.1

 

**467,416,298**

**Net Assets**

100.0

 

**22,523,742,966**

*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.*

***

*Floating rate notes are securities whose yields vary with a designated market index or market rate, such as the coupon-equivalent of the US Treasury bill rate. These securities are shown at their current rate as of September 30, 2008.*

****

*Annualized yield at time of purchase; not a coupon rate.*

*†*

*The cost for federal income tax purposes was $22,056,326,668.*

*(a)*

*Collateralized by $342,339,569 Federal Home Loan Mortgage Corp., 5.5%, maturing on 6/1/2033 with a value of $345,966,505.*

*(b)*

*Collateralized by $725,107,000 US Treasury Inflation-Indexed Note, 2.0%, maturing on 7/15/2014 with a value of $856,800,072.*

*(c)*

*Collateralized by $72,498,394 Federal Home Loan Mortgage Corp., 5.5%, maturing on 7/1/2038 with a value of $73,107,928.*

*(d)*

*Collateralized by:*

**Principal**

 

 

 

**Collateral**

 
**Amount ($)**

**Security**

**Rate (%)**

**Maturity Date**

**Value ($)**

 
515,716,216

Federal National Mortgage Association

5.5-6.5

3/1/2034-10/1/2038

528,019,905

 
194,840,728

Federal Home Loan Mortgage Corp.

5.5

7/1/2038-8/1/2038

196,478,862

 
98,222,096

Government National Mortgage Association

6.0

5/15/2038

100,918,031

 
**Total Collateral Value**

 

 

**825,416,798**

 
*(e)*

*Collateralized by $51,070,622 Federal Home Loan Mortgage Corp., 5.5%, maturing on 7/1/2038 with a value of $51,500,001.*

*(f)*

*Collateralized by $293,700,600 US Treasury Inflation-Indexed Notes, with various coupon rates from 1.875-2.5%, with various maturities of 7/15/2013-7/15/2016 with a value of $337,977,311.*

*(g)*

*Collateralized by $1,182,666,269 Federal National Mortgage Association*-*Interest Only, with various coupon rates from          4.0-7.5%, with various maturities of 2/1/2018-1/25/2040 with a value of $244,501,938.*

*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.*

*Interest Only: Interest Only (IO) bonds represent the “interest only” portion of payments on a pool of underlying mortgages or mortgage-backed securities.  IO securities are subject to prepayment risk of the pool of underlying mortgages.*

 

 

 

 

 

 

***Fair Value Measurements***

 

*The following is a summary of the inputs used as of September 30, 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 

$                                -   

 

 

 

Level 2 

22,056,326,668 

Level 3 

-   

**Total**

**$        22,056,326,668**

 

*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.  Securities held by a  money market fund are reflected as Level 2 because the securities are valued at amortized cost (which approximates fair value) and, accordingly, the inputs used to determine value are not quoted prices in an active market.*

 

**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 Global Commodities Stock Fund, Inc.

Daily Assets Fund Institutional, a series of DWS Institutional Funds

DWS Commodity Securities Fund, a series of DWS Institutional Funds

The European Equity Fund, Inc.

The New Germany Fund, Inc.

Cash Management Portfolio

Prime Series, a series of Cash Reserve Fund, Inc.

DWS RREEF Global Real Estate Securities Fund, a series of DWS Advisor Funds

DWS RREEF Real Estate Securities Fund, a series of DWS Advisor Funds

NY Tax Free Money Fund, a series of DWS Advisor Funds

Tax Free Money Fund Investment, a series of DWS Advisor Funds

DWS Communications Fund, Inc.

DWS Equity 500 Index Portfolio

DWS RREEF Global Infrastructure Fund, a series of DWS Global/International Fund, Inc.

Cash Management Fund Institutional, a series of DWS Institutional Funds

Cash Reserves Fund Institutional, a series of DWS Institutional Funds

DWS EAFE Equity Index Fund, a series of DWS Institutional Funds

DWS Equity 500 Index Fund, a series of DWS Institutional Funds

DWS U.S. Bond Index Fund, a series of DWS Institutional Funds

DWS S&P 500 Index Fund, a series of DWS Investment Trust

DWS Equity 500 Index VIP, a series of DWS Investments VIT Funds

DWS Small Cap Index VIP, a series of DWS Investments VIT Funds

DWS Money Market Series, a series of DWS Money Market Trust

DWS RREEF Real Estate Fund II, Inc.

DWS RREEF Real Estate Fund, Inc.

DWS RREEF World Real Estate & Tactical Strategies Fund, Inc.

DWS Variable Series I

DWS Variable Series II

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

November 14, 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:

November 14, 2008

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:

November 14, 2008

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