SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES:

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                             NY Tax Free Money Fund
                         Tax Free Money Fund Investment

The following information supplements the disclosure in the "Other Policies and
Risks" section of each fund's prospectus(es):

The fund may also post on the Web site, on a more frequent basis, a percentage
breakdown of the holdings of the fund by type of security.

The following information replaces similar disclosure in the "Policies You
Should Know About -- Policies about transactions" section of the New York Tax
Free Money Fund prospectuses or "Buying and Selling Fund Shares -- Important
information about buying and selling shares" section of the Tax Free Money Fund
Investment prospectus:

Transaction Processing. Orders for the purchase of shares by wire transfer will
normally be effective at the share price next computed after receipt of the wire
transfer of the amount to be invested. If a wire transfer purchase order is
received in good form prior to 12:00 p.m. Eastern time, it will normally receive
the dividend for that day. Shareholders known to the fund may notify the fund's
transfer agent in advance of their wire transfer purchase by calling the fund's
transfer agent prior to the 12:00 p.m. Eastern time cut-off time and providing
the amount of the order. The investor will receive a confirmation number for the
trade. If the fund receives the wire transfer before the close of the Fed wire
system, the trade will be entitled to that day's dividend. If the fund does not
receive the wire transfer by the close of the Fed wire system, the trade may not
receive the dividend for that day and, depending upon the circumstances, the
trade may receive the dividend for the following business day or may be
cancelled or rejected and, in any case, the investor may be charged for any
losses or fees that result, which may be paid by deductions from their account
or otherwise. The fund's Distributor may refuse to allow any investor to trade
with the fund in this manner and may require that the wire transfer of purchase
proceeds be received before the trade is considered in good form.

Investments by check will be effective on the business day following receipt and
will earn dividends the following business day.


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Orders processed through dealers or other financial services firms via Fund/SERV
will be effected at the share price calculated on the trade day (normally the
date the order is received). Purchases processed via Fund/SERV will begin
earning dividends on the day a fund receives the payment (typically the next
business day). For redemptions processed via Fund/SERV, you generally will
receive dividends accrued up to, but not including, the business day that
payment for your shares are made.

When selling shares, shareholders generally receive dividends up to, but not
including, the business day following the day on which the shares were sold. If
the fund receives a sell request before 12:00 p.m. Eastern time and the request
calls for proceeds to be sent out by wire, the proceeds will normally be wired
on the same day. However, the shares sold will not earn that day's dividend.

As noted elsewhere in the prospectus, proceeds of a redemption may be delayed.
The ability to receive "same day" wire redemption proceeds can be affected by a
variety of circumstances including the time that the request is made, the level
of redemption requests and purchase orders and general market conditions.
Requests for same day wire that are received earlier in the day will be given
priority over requests received later in the day in the event that it is
necessary to limit the amount of same day wire redemptions.

The following information replaces the disclosure under the "Policies You
Should Know About -- How the fund calculates share price" or in the "Calculating
the Fund's Share Price" section of each fund's prospectus(es):

The fund is open for business each day the New York Stock Exchange is open.
Normally, the fund calculates its share price once every business day as of the
close of regular trading on the Exchange (typically 4:00 p.m. Eastern time, but
sometimes earlier, as in the case of scheduled half-day trading or unscheduled
suspensions of trading). In the event of scheduled partial day trading or
unscheduled suspensions of trading on the Exchange, the calculation of share
price shall be as of the close of trading on the Exchange and the latest time
for receipt of wire purchase transactions entitled to receive same day dividend
treatment and for receipt of redemption orders for same day wire transfer of
proceeds will be the earlier of (a) the times set forth in this prospectus or
(b) the early closing time of the Exchange. The fund seeks to maintain a stable
$1.00 share price.

March 31, 2008
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The fund may, but is not required to, accept certain types of purchase and
redemption orders (not including exchanges) on days that the Exchange is closed,
or beyond an Exchange early closing time (referred to as a "Limited Trading
Period") if: (a) the Federal Reserve system is open, (b) the primary trading
markets for the fund's portfolio instruments are open and (c) the Advisor
believes there will be adequate liquidity in the short-term markets. During any
such Limited Trading Period, the fund will only accept purchase orders by wire
with advance telephone notification and telephone redemption orders with
proceeds to be sent by wire, ACH or check and will not accept orders by any
other means. (Automated Telephone Line orders are not permitted.) If redemption
proceeds are requested by ACH or check, the transmission of the ACH payment or
the mailing of the check, as the case may be, will be delayed by at least one
business day in comparison to normal trading periods. Orders submitted by other
means will be processed on the next day that the Exchange is open. The
calculation of share price will be at the time set forth in the prospectus for
normal trading days. Orders must be submitted by the cut-off times for receipt
of wire purchases entitled to that day's dividend and for receipt of telephone
redemption orders for same day wire transfer, which will be the earlier of: (a)
the times set forth in the prospectus for normal trading days or (b) such
earlier times that the fund determines based on the criteria described above. If
redemption proceeds are requested by ACH or check, orders must be received prior
to the calculation of share price. Please call (877) 237-1131 or visit our Web
site at www.dws-scudder.com for additional information about whether the fund
will be open for business on a particular day. Information concerning the
intention of the fund to be open for a Limited Trading Period will be available
at least one business day prior to the applicable day that the Exchange is
closed or is closing early in the case of scheduled closings and as soon as
practical in the case of unscheduled closings.

March 31, 2008
NYTFMF-3600

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               Please Retain This Supplement for Future Reference





March 31, 2008
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