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            811-5896

DWS Target Fund

(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            Target 2011 Fund**

 

 

|                                                                 | **Shares**              |   | **Value                            ($)** |
|----------------------------------------------------------------------|-------------------------|--------|------------------------------------------|
|                                                                      |
|                                                                 | **Common Stocks 16.8%** |   |
| **Consumer Discretionary 1.2%**                                      |                    |
| **Auto Components                            0.1%**                  |                    |
| TRW Automotive Holdings Corp.*                                       |                    | 2,900  |                                     | 18,328 |
| WABCO Holdings, Inc.                                                 |                    | 451    |                                     | 8,285 |
|                                                                      |
|                                                                 | **26,613**              |
| **Hotels Restaurants &                            Leisure 0.3%** |                    |
| McDonald's Corp.                                                     |                    | 2,796  |                                     | 161,972 |
| Panera Bread Co. "A"*                                                |                    | 400    |                                     | 18,048 |
|                                                                      |
|                                                                 | **180,020**             |
| **Household Durables                            0.1%**               |                    |
| Whirlpool Corp.                                                      |                    | 500    |                                     | **23,325** |
|                                                                      |                         |        |                                          |  |  |  |  |

 

 

 

| **Media                            0.5%**                                |        |
|--------------------------------------------------------------------------|-------------|
| Comcast Corp. "A"                                                        |        | 6,600 |   | 104,016 |
| DISH Network Corp. "A"*                                                  |        | 627 |   | 9,869 |
| Liberty Media Corp. - Entertainment "A"*                                 |        | 2,300 |   | 37,030 |
| Morningstar, Inc.*                                                       |        | 491 |   | 18,383 |
| The DIRECTV Group, Inc.*                                                 |        | 3,483 |   | 76,243 |
| Time Warner, Inc.                                                        |        | 6,900 |   | 69,621 |
|                                                                          |
|                                                                     | **315,162** |
| **Specialty Retail                            0.2%**                     |        |
| Advance Auto Parts, Inc.                                                 |        | 1,100 |   | 34,320 |
| AnnTaylor Stores Corp.*                                                  |        | 4,538 |   | 57,043 |
| Best Buy Co., Inc.                                                       |        | 1,300 |   | 34,853 |
|                                                                          |
|                                                                     | **126,216** |
| **Textiles, Apparel &                            Luxury Goods 0.0%** |        |
| Phillips-Van Heusen Corp.                                                |        | 700 |   | **17,157** |
| **Consumer Staples 2.3%**                                                |        |
| **Food & Staples Retailing                            0.8%**         |        |
| Kroger Co.                                                               |        | 5,325 |   | 146,225 |
| Sysco Corp.                                                              |        | 5,573 |   | 146,013 |
| Wal-Mart Stores, Inc.                                                    |        | 3,603 |   | 201,083 |
| Walgreen Co.                                                             |        | 200 |   | 5,092 |
|                                                                          |
|                                                                     | **498,413** |
| **Food Products                            0.5%**                        |        |
| Bunge Ltd.                                                               |        | 4,900 |   | 188,209 |
| General Mills, Inc.                                                      |        | 900 |   | 60,966 |
| H.J. Heinz Co.                                                           |        | 1,500 |   | 65,730 |
|                                                                          |
|                                                                     | **314,905** |
| **Household Products                            0.5%**                   |        |
| Procter & Gamble Co.                                                 |        | 4,705 |   | **303,661** |
| **Personal Products                            0.1%**                    |        |
| Herbalife Ltd.                                                           |        | 2,000 |   | **48,860** |
| **Tobacco                            0.4%**                              |        |
| Altria Group, Inc.                                                       |        | 2,163 |   | 41,508 |
| Philip Morris International, Inc.                                        |        | 4,424 |   | 192,311 |
|                                                                          |
|                                                                     | **233,819** |
| **Energy 2.5%**                                                          |        |
| **Oil, Gas & Consumable                            Fuels**           |
| Apache Corp.                                                             |        | 903 |   | 74,344 |
| Arch Coal, Inc.                                                          |        | 5,300 |   | 113,473 |
| Cimarex Energy Co.                                                       |        | 3,141 |   | 127,085 |
| ConocoPhillips                                                           |        | 200 |   | 10,404 |
| CONSOL Energy, Inc.                                                      |        | 1,500 |   | 47,085 |
| Encore Acquisition Co.*                                                  |        | 2,051 |   | 63,889 |
| ExxonMobil Corp.                                                         |        | 3,602 |   | 266,980 |
| Frontline Ltd.                                                           |        | 3,832 |   | 121,858 |
| Hess Corp.                                                               |        | 1,812 |   | 109,100 |
| Marathon Oil Corp.                                                       |        | 2,700 |   | 78,570 |
| Mariner Energy, Inc.*                                                    |        | 8,493 |   | 122,214 |
| Massey Energy Co.                                                        |        | 3,100 |   | 71,579 |
| Occidental Petroleum Corp.                                               |        | 681 |   | 37,823 |
| Spectra Energy Corp.                                                     |        | 1,200 |   | 23,196 |
| W&T Offshore, Inc.                                                   |        | 5,230 |   | 100,259 |
|                                                                          |             |  |  |  |  |

 

 

 

| Walter Industries, Inc.                                                  |          | 1,471 |   | 57,001      |
|--------------------------------------------------------------------------|---------------|-------|--------|-------------|
| Whiting Petroleum Corp.*                                                 |          | 800   |   | 41,592      |
| Williams Companies, Inc.                                                 |          | 1,538 |   | 32,252      |
|                                                                          |
|                                                                     | **1,498,704** |
| **Financials 2.1%**                                                      |          |
| **Capital Markets                            0.5%**                      |          |
| Charles Schwab Corp.                                                     |          | 3,062 |   | 58,546      |
| Northern Trust Corp.                                                     |          | 2,600 |   | 146,406     |
| State Street Corp.                                                       |          | 1,298 |   | 56,268      |
| TD Ameritrade Holding Corp.*                                             |          | 1,300 |   | 17,277      |
| The Goldman Sachs Group, Inc.                                            |          | 400   |   | 37,000      |
|                                                                          |
|                                                                     | **315,497**   |
| **Commercial Banks                            0.7%**                     |          |
| PNC Financial Services Group, Inc.                                       |          | 2,452 |   | 163,475     |
| Wells Fargo & Co.                                                    |          | 6,500 |   | 221,325     |
|                                                                          |
|                                                                     | **384,800**   |
| **Diversified Financial                            Services 0.4%**       |          |
| Bank of America Corp.                                                    |          | 1,100 |   | 26,587      |
| CME Group, Inc.                                                          |          | 300   |   | 84,645      |
| JPMorgan Chase & Co.                                                 |          | 3,600 |   | 148,500     |
|                                                                          |
|                                                                     | **259,732**   |
| **Insurance                            0.3%**                            |          |
| Allstate Corp.                                                           |          | 2,800 |   | 73,892      |
| Hartford Financial Services Group, Inc.                                  |          | 1,400 |   | 14,448      |
| Prudential Financial, Inc.                                               |          | 1,700 |   | 51,000      |
| Unum Group                                                               |          | 2,300 |   | 36,225      |
|                                                                          |
|                                                                     | **175,565**   |
| **Real Estate Investment                            Trusts 0.2%**        |          |
| AMB Property Corp. (REIT)                                                |          | 200   |   | 4,806       |
| AvalonBay Communities, Inc. (REIT)                                       |          | 134   |   | 9,516       |
| Equity Residential (REIT)                                                |          | 900   |   | 31,437      |
| Host Hotels & Resorts, Inc. (REIT)                                   |          | 1,300 |   | 13,442      |
| ProLogis (REIT)                                                          |          | 400   |   | 5,600       |
| Public Storage (REIT)                                                    |          | 300   |   | 24,450      |
| Simon Property Group, Inc. (REIT)                                        |          | 500   |   | 33,515      |
| The Macerich Co. (REIT)                                                  |          | 100   |   | 2,942       |
| Vornado Realty Trust (REIT)                                              |          | 100   |   | 7,055       |
|                                                                          |
|                                                                     | **132,763**   |
| **Health Care 2.4%**                                                     |          |
| **Biotechnology                            0.2%**                        |          |
| Amgen, Inc.*                                                             |          | 2,400 |   | **143,736** |
| **Health Care Equipment &                            Supplies 0.8%** |          |
| Baxter International, Inc.                                               |          | 2,775 |   | 167,860     |
| Becton, Dickinson & Co.                                              |          | 1,500 |   | 104,100     |
| Medtronic, Inc.                                                          |          | 3,500 |   | 141,155     |
| Zimmer Holdings, Inc.*                                                   |          | 1,400 |   | 65,002      |
|                                                                          |
|                                                                     | **478,117**   |
| **Health Care Providers &                            Services 0.3%** |          |
| Aetna, Inc.                                                              |          | 4,488 |   | 111,616     |
| Community Health Systems, Inc.*                                          |          | 500   |   | 10,250      |
| Express Scripts, Inc.*                                                   |          | 292   |   | 17,698      |
|                                                                          |               |       |        |             |  |

 

 

 

| LifePoint Hospitals, Inc.*                                                             |        | 1,200  |   | 28,764      |
|----------------------------------------------------------------------------------------|-------------|--------|--------|-------------|
|                                                                                        |
|                                                                                   | **168,328** |
| **Pharmaceuticals                            1.1%**                                    |        |
| Bristol-Myers Squibb Co.                                                               |        | 3,100  |   | 63,705      |
| Eli Lilly & Co.                                                                    |        | 5,093  |   | 172,245     |
| Johnson & Johnson                                                                  |        | 1,000  |   | 61,340      |
| Merck & Co., Inc.                                                                  |        | 2,637  |   | 81,615      |
| Pfizer, Inc.                                                                           |        | 15,136 |   | 268,059     |
|                                                                                        |
|                                                                                   | **646,964** |
| **Industrials 2.1%**                                                                   |        |
| **Aerospace & Defense                            0.8%**                            |        |
| General Dynamics Corp.                                                                 |        | 2,900  |   | 174,928     |
| Honeywell International, Inc.                                                          |        | 3,000  |   | 91,350      |
| L-3 Communications Holdings, Inc.                                                      |        | 2,000  |   | 162,340     |
| Lockheed Martin Corp.                                                                  |        | 500    |   | 42,525      |
|                                                                                        |
|                                                                                   | **471,143** |
| **Airlines                            0.2%**                                           |        |
| Southwest Airlines Co.                                                                 |        | 13,541 |   | **159,513** |
| **Commercial Services &                            Supplies 0.2%**                 |        |
| The Brink's Co.                                                                        |        | 2,395  |   | **116,134** |
| **Electrical Equipment                            0.1%**                               |        |
| Emerson Electric Co.                                                                   |        | 1,500  |   | **49,095**  |
| **Industrial Conglomerates                            0.1%**                           |        |
| General Electric Co.                                                                   |        | 3,059  |   | **59,681**  |
| **Machinery                            0.3%**                                          |        |
| Cummins, Inc.                                                                          |        | 3,500  |   | 90,475      |
| Flowserve Corp.                                                                        |        | 339    |   | 19,296      |
| Gardner Denver, Inc.*                                                                  |        | 1,373  |   | 35,176      |
| Manitowoc Co., Inc.                                                                    |        | 7,600  |   | 74,784      |
|                                                                                        |
|                                                                                   | **219,731** |
| **Road & Rail                            0.2%**                                    |        |
| Ryder System, Inc.                                                                     |        | 2,584  |   | **102,378** |
| **Trading Companies &                            Distributors 0.2%**               |        |
| United Rentals, Inc.*                                                                  |        | 10,280 |   | **105,370** |
| **Information Technology 2.6%**                                                        |        |
| **Computers & Peripherals                            1.1%**                        |        |
| Apple, Inc.*                                                                           |        | 191    |   | 20,550      |
| Hewlett-Packard Co.                                                                    |        | 6,657  |   | 254,830     |
| International Business Machines Corp.                                                  |        | 2,000  |   | 185,940     |
| Lexmark International, Inc. "A"*                                                       |        | 516    |   | 13,328      |
| QLogic Corp.*                                                                          |        | 3,900  |   | 46,878      |
| Western Digital Corp.*                                                                 |        | 9,407  |   | 155,215     |
|                                                                                        |
|                                                                                   | **676,741** |
| **Electronic Equipment,                            Instruments & Components 0.3%** |        |
| Avnet, Inc.*                                                                           |        | 3,700  |   | 61,938      |
| Jabil Circuit, Inc.                                                                    |        | 11,161 |   | 93,864      |
|                                                                                        |
|                                                                                   | **155,802** |
| **Internet Software &                            Services 0.2%**                   |        |
| eBay, Inc.*                                                                            |        | 2,123  |   | 32,418      |
| Google, Inc. "A"*                                                                      |        | 310    |   | 111,402     |
|                                                                                        |
|                                                                                   | **143,820** |
|                                                                                        |             |        |        |             |  |

 

 

 

| **IT Services                            0.4%**                                            |                                                                    |
|--------------------------------------------------------------------------------------------|-------------------------------------------------------------------------|
| MasterCard, Inc. "A"                                                                       |                                                                    | 200 |   | 29,564 |
| Visa, Inc. "A"                                                                             |                                                                    | 3,400 |   | 188,190 |
|                                                                                            |
|                                                                                       | **217,754**                                                             |
| **Semiconductors &                            Semiconductor Equipment 0.0%**           |                                                                    |
| Fairchild Semiconductor International,                            Inc.*                    |                                                                    | 3,100 |   | 17,608 |
| MEMC Electronic Materials, Inc.*                                                           |                                                                    | 300 |   | 5,514 |
|                                                                                            |
|                                                                                       | **23,122**                                                              |
| **Software                            0.6%**                                               |                                                                    |
| Microsoft Corp.                                                                            |                                                                    | 14,647 |   | 327,068 |
| Symantec Corp.*                                                                            |                                                                    | 1,280 |   | 16,102 |
|                                                                                            |
|                                                                                       | **343,170**                                                             |
| **Materials 0.6%**                                                                         |                                                                    |
| **Chemicals**                                                                              |
| Ashland, Inc.                                                                              |                                                                    | 900 |   | 20,331 |
| CF Industries Holdings, Inc.                                                               |                                                                    | 2,100 |   | 134,799 |
| Terra Industries, Inc.                                                                     |                                                                    | 6,314 |   | 138,845 |
| The Mosaic Co.                                                                             |                                                                    | 1,100 |   | 43,351 |
|                                                                                            |
|                                                                                       | **337,326**                                                             |
| **Telecommunication Services 0.5%**                                                        |                                                                    |
| **Diversified                            Telecommunication Services**                      |
| AT&T, Inc.                                                                             |                                                                    | 1,212 |   | 32,445 |
| Verizon Communications, Inc.                                                               |                                                                    | 7,302 |   | 216,651 |
| Windstream Corp.                                                                           |                                                                    | 5,200 |   | 39,052 |
|                                                                                            |
|                                                                                       | **288,148**                                                             |
| **Utilities 0.5%**                                                                         |                                                                    |
| **Electric Utilities                            0.3%**                                     |                                                                    |
| American Electric Power Co., Inc.                                                          |                                                                    | 1,300 |   | 42,419 |
| Edison International                                                                       |                                                                    | 4,485 |   | 159,621 |
|                                                                                            |
|                                                                                       | **202,040**                                                             |
| **Multi-Utilities                            0.2%**                                        |                                                                    |
| Dominion Resources, Inc.                                                                   |                                                                    | 700 |   | 25,396 |
| Sempra Energy                                                                              |                                                                    | 1,800 |   | 76,662 |
|                                                                                            |
|                                                                                       | **102,058**                                                             |
|                                                                                            |
| **Total Common Stocks**(Cost $12,238,897)                                                  |                                                                    | **10,065,383** |
|                                                                                       | **Principal****Amount ($)**                                             |   | **Value                            ($)** |
|                                                                                            |
|                                                                                       | **Government & Agency Obligation                            82.3%** |   |
| **US Treasury Obligation**                                                                 |                                                                    |
| US Treasury STRIPS, 6.08% **, 8/15/2011 (a) (Cost                            $43,766,635)  |                                                                    | 51,729,000 |   | **49,191,899** |
|                                                                                       | **Shares**                                                              |   | **Value                            ($)** |
|                                                                                            |
|                                                                                       | **Securities Lending Collateral 14.5%**                                 |   |
| Daily Assets Fund Institutional, 2.63% (b)                            (c)(Cost $8,673,750) |                                                                    |   | 8,673,750 |   | **8,673,750** |
|                                                                                       | **Cash Equivalents 0.9%**                                               |   |
| Cash Management QP Trust, 2.30% (b)(Cost $512,785)                                         |                                                                    |   | 512,785 |   | **512,785** |
|                                                                                            |                                                                         |  |  |  |  |  |  |  |  |  |

 

 

 

|                                                                                                                                                                                                                                                                                           | **%                            of****Net Assets**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   | **Value                            ($)** |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|------------------------------------------|
|                                                                                                                                                                                                                                                                                                |
| **Total Investment Portfolio**(Cost $65,192,067) †                                                                                                                                                                                                                                      | 114.5                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | **68,443,817**                           |
| **Other Assets and Liabilities, Net**                                                                                                                                                                                                                                                          | (14.5)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | **(8,678,462)**                          |
|                                                                                                                                                                                                                                                                                                |
| **Net Assets**                                                                                                                                                                                                                                                                                 | 100.0                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | **59,765,355**                           |
| *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.*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
| ****                                                                                                                                                                                                                                                                                           | *Annualized yield at time of purchase; not a coupon                            rate.*                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |
| *†*                                                                                                                                                                                                                                                                                     | *The cost for federal income tax purposes was                            $65,350,881. At October 31, 2008, net unrealized appreciation for all                            securities based on tax cost was $3,092,936. This consisted of                            aggregate gross unrealized appreciation for all securities in which                            there was an excess of value over tax cost of $5,789,682 and aggregate                            gross unrealized depreciation for all securities in which there was an                            excess of tax cost over value of $2,696,746.* |
| *(a)*                                                                                                                                                                                                                                                                                          | *All or a portion of these securities were on loan.                            The value of all securities loaned at October 31, 2008 amounted to                            $8,558,586 which is 14.3% of net assets.*                                                                                                                                                                                                                                                                                                                                                                                               |
| *(b)*                                                                                                                                                                                                                                                                                          | *Affiliated fund managed by Deutsche Investment                            Management Americas Inc. The rate shown is the annualized seven-day                            yield at period end.*                                                                                                                                                                                                                                                                                                                                                                                                                      |
| *(c)*                                                                                                                                                                                                                                                                                          | *Represents collateral held in connection with                            securities lending. Income earned by the Fund is net of borrower                            rebates.*                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| *REIT: Real Estate Investment Trust*                                                                                                                                                                                                                                                           |
| *STRIPS: Separate Trading of Registered Interest                            and Principal Securities*                                                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |        |                                          |  |  |  |

 

***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              | $ 19,251,918                  |
| Level 2              | 49,191,899                    |
| Level 3              | -                             |
| **Total**            | **$ 68,443,817**              |

 

*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