Exhibit        (h)(i)

**AMENDED**

**ADMINISTRATIVE SERVICES AGREEMENT**

 

AGREEMENT, dated as of June 1, 2006 and revised as of October 1, 2007,        between DWS Equity 500 Index Portfolio, a New York trust (the “Trust”), and        Deutsche Investment Management Americas Inc., a Delaware corporation (the        “Administrator”).

WHEREAS, the Trust is engaged in business as an open-end investment company        registered under the Investment Company Act of 1940, as amended (the “Investment        Company Act”); and

WHEREAS, the Trust desires to retain the Administrator and its permitted        designees to provide certain administrative and fund accounting (the        “Services”) to the Trust on the terms set out in this Agreement, and the        Administrator and its designees are willing to provide the Services to the Trust on the        terms set out in this Agreement.

NOW, THEREFORE, in consideration of the premises and the covenants contained        in this Agreement, the Trust and the Administrator agree as follows:

|   | 1. | *Appointment and                        Services*. |
|--------|----|----------------------------------------------------|

(a)       The Trust appoints the        Administrator to provide the administrative services set out in Appendix A to this        Agreement (the “Administrative Services”) for the benefit of the Trust. The        Administrator accepts its appointment and agrees to provide the Administrative Services for        the compensation set out in this Agreement.

(b)       The Trust appoints the        Administrator to provide the fund accounting services set out in Appendix B to this        Agreement (the “Fund Accounting Services”) for the benefit of the Trust. The        Administrator accepts its appointment and agrees to provide the Fund Accounting Services        for the compensation set out in this Agreement.

|   | 2. | *Fees*. |
|--------|----|---------|

(a)       For all Administrative Services        and Fund Accounting Services provided under this Agreement, the Administrator will be        compensated as set out on Appendix C.

(b)       The Administrator may from time        to time agree not to impose all or a portion of its fee otherwise payable under this        Agreement and/or undertake to pay or reimburse the Trust for all or a portion of its        expenses not otherwise required to be paid by or reimbursed by the Administrator. Unless        otherwise agreed, any fee reduction or undertaking may be discontinued or modified by the        Administrator at any time. For the month and year in which this Agreement becomes effective        or terminates, there will be an appropriate pro ration of any fee based on the number of        days that the Agreement is in effect during such month and year, respectively.

(c)       The Administrator will not be        required to pay expenses of any activity which is primarily intended to result in the sale        of shares of the Trust if and to the extentthat (i) such expenses        are required to be borne by a principal underwriter which acts as the distributor of the        Trust’s shares pursuant to an underwriting agreement which provides that the        underwriter shall assume some or all of such expenses, or (ii) the Trust will have adopted        a plan in conformity with Rule 12b-1 under the Investment Company Act providing that the        Trust (or some other party) will assume some or all of such expenses. The payment of any        fees pursuant to a Plan, for each class, is subject to and contingent upon, the continued        effectiveness of a duly adopted Plan authorizing the payment for such class.

|   | 3. | *Expenses*. |
|--------|----|-------------|

(a)       Except as otherwise provided in        this Agreement, the Administrator will pay all costs it incurs in connection with the        performance of its duties under this Agreement. The Administrator will pay the compensation        and expenses of all of its personnel and will make available, without expense to the Trust,        the services of its officers and employees as may duly be elected officers or Trustees of        the Trust, subject to their individual consent to serve and to any limitations imposed by        law.

(b)       The Administrator will not be        required to pay any expenses of the Trust other than those specifically allocated to the        Administrator in this Agreement. In particular, but without limiting the generality of the        previous sentence, the Administrator will not be required to pay the following Trust        expenses: (i) organization expenses of the Trust (including out-of-pocket expenses, but not        including the Administrator’s overhead or employee costs); (ii) fees payable to the        Adviser and to any other advisors or consultants of the Trust; (iii) except as otherwise        agreed with the Board of Trustees, fees and expenses incurred by the Trust in connection        with membership in investment company organizations; (iv) payment for portfolio pricing or        valuation services to pricing agents, accountants, bankers and other specialists, if any;        (v) outside legal, accounting or auditing expenses; (vi) interest, insurance premiums,        taxes or governmental fees; (vii) litigation and indemnification expenses and other        extraordinary expenses not incurred in the ordinary course of the Trust’s business;        (viii) the expenses of and fees for registering or qualifying shares of the Trust for sale        and of maintaining the registration of the Trust and registering the Trust as a broker or a        dealer, if applicable; (ix) the compensation and all expenses (specifically including        travel expenses relating to Trust business) of Trustees, officers and employees of the        Trust who are not affiliated persons of the Administrator; (x) expenses of printing,        preparing, edgarizing, mailing and filing Prospectuses (each a “Prospectus”)        and Statements of Additional Information (each, an “SAI”) of the Trust, any        supplements thereto, and any other regulatory filings for the Trust; (xi) any direct        charges to shareholders approved by the Board of Trustees; (xii) costs of        shareholders’ and other meetings; (xiii) costs in connection with the tabulation of        proxies; (xiv) costs incurred in connection with registering with the Public Company        Accounting Oversight Board; (xv) transfer agency and custodian expenses; and (xvi)        record-keeping and record retrieval costs associated with compliance under the Investment        Company Act.

|   | 4. | *Delegation*. |
|--------|----|---------------|

(a)       The Administrator, upon prior        notice to the Trust and in compliance with applicable law, may delegate any of the        Services, or adjust any prior delegation, to any other Person or Persons that the        Administrator controls, is controlled by, or is under common control with, or to specified        employees of any such Persons, to the extent permitted by applicable law.

(b)       Subject to prior approval of a        majority of the members of the Trust’s Board of Trustees, including a majority of the        Trustees who are not “interested persons,” and, to the extent required by        applicable law, by the shareholders of the Trust, the Administrator, upon prior consent of        the Trust and in compliance with applicable law, may delegate or outsource any of the        Services, or adjust any prior delegation or outsourcing, to any other Person or Persons        unaffiliated with the Administrator or to specified employees of any such Persons, to the        extent permitted by applicable law.

(c)       Notwithstanding any delegation        under clauses (a) or (b) of this Section 4, the Administrator will continue to supervise        the Services provided by such Persons or employees and any delegation will not relieve the        Administrator of any of its obligations under this Agreement.

|   | 5. | *Indemnification*. |
|--------|----|--------------------|

(a)       The Administrator will exercise        reasonable care and diligence in the performance of its duties under this        Agreement.

(b)       As an inducement to the        Administrator undertaking to provide services to Trust pursuant to this Agreement, the        Trust agrees that the Administrator will not be liable under this Agreement for any error        of judgment or mistake of law or for any loss suffered by the Trust in connection with the        matters to which this Agreement relates, provided that nothing in this Agreement will be        deemed to protect or purport to protect the Administrator against any liability to the        Trust or its shareholders to which the Administrator would otherwise be subject by reason        of willful misfeasance, bad faith or negligence in the performance of its duties, or by        reason of its reckless disregard of its obligations and duties under this        Agreement.

(c)       At any time the Administrator        may apply to any officer of the Trust for instructions, and may consult with legal counsel        for the Trust, at the expense of the Trust, with respect to any matter arising in        connection with this Agreement; and it will not be liable for any action taken or omitted        by it in good faith in reliance upon such instructions or upon the advice of such counsel.        The Administrator is authorized to act on the orders, directions or instructions of such        persons as the Board of Trustees from time to time designates by resolution. The        Administrator will be protected in acting upon any paper or document, including any orders,        directions or instructions, reasonably believed by it to be genuine and to have been signed        by the proper person or persons; and the Administrator will not be held to have notice of        any change of authority of any person so authorized by the Trust until receipt of written        notice from the Trust.

(d)       In carrying out the Fund        Accounting Services under this Agreement the Administrator will be entitled to receive, and        may rely upon, information furnished it by means of Proper Instructions (as defined below),        including but not limited to: (i) the manner and amount of accrual of expenses to be        recorded on the books of the Trust; (ii) the source of quotations to be used for securities        as may not be available through the Administrator's normal pricing services; (iii) the        value to be assigned to any asset for which no price quotations are readily available; (iv)        if applicable, the manner of computation of the public offering price and other        computations as may be necessary; (v) transactions in portfolio securities; (vi)        transactions in capital shares; and (vii) information received from any third party        transfer agent of the Trust.

"Proper Instructions" means any certificate, letter or other instrument or        telephone call reasonably believed by the Administrator to be genuine and to have been        properly made or signed by any authorized officer of the Trust or person reasonably        believed by the Administrator as being authorized by the Board of Trustees of the Trust.        Proper Instructions may include communications effected directly between electro-mechanical        or electronic devices as from time to time agreed to by an authorized officer of the Trust        and the Administrator.

|   | 6. | *Term and                        Termination*. |
|--------|----|------------------------------------------------|

(a)       This Agreement will remain in        force until September 30, 2006 and continue in force from year to year thereafter, but only        so long as such continuance is specifically approved at least annually by the vote of a        majority of the Trustees who are not parties to this Agreement or “interested        persons” of any party to this Agreement.

(b)       This Agreement will        automatically terminate in the event of its assignment. Either party to this Agreement may        terminate this Agreement or any Service under this Agreement without penalty by an        instrument in writing delivered or mailed to the other party. The Trust may effect a        termination under this Agreement by a vote of (i) a majority of the Trustees of the Trust        who are not interested persons of the Trust and who have no direct or indirect financial        interest in the operation of this Agreement or in any other agreement related to this        Agreement or (ii) a majority of the outstanding voting securities of the Trust. Any        termination under this Section will take effect not sooner than sixty (60) days after the        date of delivery or mailing of such notice of termination, unless a Trust terminates this        Agreement or Service under this Agreement due to a material failure of the Administrator to        fulfill its obligations under this Agreement or with respect to the Service, in which case        the termination will take effect immediately. Upon termination, the Administrator (or any        designee of the Administrator) will turn over to the Trust or its designee, and cease to be        obligated to retain in the Administrator’s files, any and all records pertaining to        the terminated Services under this Agreement; provided, however, the Administrator (or its        designee) in its discretion may make and retain copies of any and all such records and        documents that it determines appropriate or for its protection.

7.         *Amendment.*This Agreement, including any        Schedule or Appendix to this Agreement, may be amended at any time by mutual agreement of        the parties.

8.         *Services Not Exclusive*. The Administrator's        services pursuant to this Agreement are not exclusive, and it is understood that the        Administrator may perform similar services for other Persons. In acting under this        Agreement, the Administrator will be an independent contractor and not an agent of the        Trust. The Administrator and its affiliates, by separate agreement with the Trust, may also        serve the Trust in other capacities.

9.         *Other Interests.*It is understood that the        Trustees and officers of the Trust and the shareholders of the Trust are or may be or        become interested in the Administrator or its affiliates as directors, officers, employees,        shareholders or otherwise and that directors, officers, employees and shareholders of the        Administrator and its affiliates are or may be or become similarly interested in the Trust,        and that the Administrator and its affiliates may be or become interested in the Trust as        shareholder or otherwise. It is also understood that directors, officers, employees and        shareholders of the Administrator and its affiliates may be or become interested (as        directors, officers, employees, shareholders or otherwise) in other companies or entities        (including but not limited to, other investment companies) controlling, controlled by or        under common control with the Administrator, its affiliates or subsidiaries or which the        Administrator, its affiliates or subsidiaries may in the future organize, sponsor or        acquire, or with which they may merge or consolidate.

*10.*       *Limited        Recourse.*      With respect to any        claim by the Administrator for recovery of that portion of any fees or reimbursable        expenses (or any other liability of the Trust arising under this Agreement) related to a        particular series and class of the Trust, whether in accordance with the express terms of        this Agreement or otherwise, the Administrator will have recourse solely against the assets        of that series and class to satisfy the claim and will have no recourse against the assets        of any other series and class of the Trust.

11.       *Internal        Controls*.       The        Administrator will maintain sufficient policies and procedures to reasonably ensure its        ability to perform the services under this Agreement, and will monitor compliance with its        policies and procedures.

|   | 12. | *Miscellaneous*. |
|--------|-----|------------------|

(a)        The captions in this        Agreement are included for convenience of reference only and in no way define or limit any        of the provisions hereof or otherwise affect their construction or effect. This Agreement        may be executed simultaneously in two or more counterparts, each of which will be deemed an        original, but all of which together will constitute one and the same instrument.

(b)        In interpreting the        provisions of this Agreement, the definitions under the Investment Company Act        (particularly the definitions of “interested person,” “affiliated        person,” “assignment” and “majority of the outstanding voting        securities”) will be applied, subject, however, to such exemptions as may be granted        by the SEC by any rule, regulation, or order.

(c)       In connection with the        operation of this Agreement, the Trust and the Administrator may agree from time to time on        interpretations of or in addition to the provisions of this Agreement as in their joint        opinions may be consistent with this Agreement. Any such interpretive or additional        provisions will be in writing, signed by both parties and annexed, but no such provisions        will be deemed to be an amendment of this Agreement.

(d)       If the Administrator is        prevented from complying, either totally or in part, with any of the terms or provisions of        this Agreement, by reason of fire, flood, storm, strike, lockout or other labor trouble,        riot, war, rebellion, accidents, acts of God, acts of terrorism, equipment, utility or        transmission failure or damage, and/or any other cause or casualty beyond the reasonable        control of the Administrator, whether similar to the foregoing matters or not, then, upon        written notice to the Trust, the requirements of this Agreement that are affected by such        disability, to the extent so affected, will be suspended during the period of such        disability; provided, however, that the Administrator will make reasonable effort to remove        such disability as soon as possible.

(e)       This Agreement will be governed        and construed in accordance with the laws of the State of New York applicable to agreements        made and to be performed entirely in that jurisdiction, without regard to that        jurisdiction’s conflict of laws provisions, provided that nothing in this Agreement        will be construed in a manner inconsistent with the Investment Company Act, or in a manner        which would cause the Trust to fail to comply with the requirements of Subchapter M of the        Internal Revenue Code of 1986, as amended.

(f)        This Agreement        constitutes the entire agreement between the parties concerning the subject matter, and        supersedes any and all prior understandings.

(g)       If any provision of this        Agreement is held or made invalid by a court decision, statute, rule or otherwise, the        remainder will not be affected.

(h)       Any notice required under this        Agreement will be sufficiently given when delivered or mailed to the other party at the        address of such party set out below or to such other persons or at such address as such        party may from time to time specify in writing to the other party.

|   | If to Trust: | DWS Equity 500 Index Portfolio |
|--------|--------------|--------------------------------|

|   | John Millette |
|--------|---------------|

|   | Two International Place, 10th Floor |
|--------|-------------------------------------|

|   | Boston, MA 02110 |
|--------|------------------|

|   | If to Administrator: | Deutsche Investment Management Americas, Inc. |
|--------|----------------------|-----------------------------------------------|

|   | Michael Colon |
|--------|---------------|

|   | 345 Park Avenue, 27th Floor |
|--------|-----------------------------|

|   | New York, NY 10154 |
|--------|--------------------|

(i)        Except as otherwise        provided in this Agreement or as required by law, the Administrator will keep confidential        all records of and information in its possession

relating to the Trust, and or its shareholders or shareholder accounts and        will not disseminate those records and information except at the request of or with the        consent of the Trust.

IN        WITNESS WHEREOF, the Trust and the Administrator have caused this Agreement to be executed        as of the day and year first above written.

 

DWS EQUITY 500 INDEX PORTFOLIO

 

By: /s/John Millette

____________________________

Name: John Millette

Title: Vice President & Secretary

 

DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC.

         

By: /s/Michael Colon

____________________________

Name: Michael Colon

Title: Chief Operating Officer

         

DEUTSCHE INVESTMENT MANAGEMENT AMERICAS INC.

         

By: /s/Caroline Pearson

____________________________

Name: Caroline Pearson

Title: Managing Director

         

APPENDIX        A

ADMINISTRATIVE SERVICES

Services

Subject        to the oversight and control of the Trustees of the Trust, the Administrator will manage,        supervise and conduct all business and affairs of the Trust in connection with its        operation as an open-end fund, other than those governed by the Investment Management        Agreement or otherwise provided by other parties, including without limitation:

1.         provide the Trust        with personnel as are reasonably necessary to perform the Services;

2.         arrange for the        preparation and filing for the Trust of all required tax returns;

3.         (a) the preparation        and submission of reports and meeting materials to the Board of Trustees and to existing        shareholders and (b) prepare and file the periodic updating of the Trust’s prospectus        and statement of additional information and prepare and file any currently required or to        be required reports filed with the Securities and Exchange Commission and other regulatory        and self-regulatory authorities including, but not limited to, preliminary and definitive        proxy materials, post-effective amendments to the Registration Statement, semi-annual        reports on Form N-SAR, Form N-CSR, Form N-Q, and notices pursuant to Rule 24f-2 under the        Investment Company Act;

4.         maintain all of the        Trust’s records as required by the Investment Company Act, except for those records        to be maintained by the investment adviser under the Investment Management Agreement or by        another party under any other agreement with the Trust;

5.         provide the Trust        with adequate office space and all necessary office equipment and services, including but        not limited to telephone service, heat, utilities, stationary supplies and similar        items;

6.         supervise, negotiate        contractual arrangements with (to the extent appropriate) and monitor the performance of,        third party accounting agents, custodians, depositories, transfer agents, pricing agents,        independent accountants and auditors, attorneys, printers, insurers and other persons in        any capacity deemed to be necessary or desirable to Trust;

|   | 7. | oversee the tabulation of proxies; |
|--------|----|------------------------------------|

8.         monitor the        valuation of portfolio securities and monitor compliance with board-approved valuation        procedures;

|   | 9. | assist in establishing the accounting and tax policies of                        the Trust; |
|--------|----|---------------------------------------------------------------------------------------------|

10.       assist in the resolution of        accounting issues that may arise with respect to the Trust's operations and consulting with        the Trust's independent accountants, legal counsel and the Trust's other agents as        necessary in connection therewith;

|   | 11. | establish and monitor the Trust's operating expense                        budgets; |
|--------|-----|-------------------------------------------------------------------------------------|

12.       review the Trust’s bills        and process the payment of bills that have been approved by an authorized person of the        Trust;

13.       assist the Trust in determining        the amount of dividends and distributions available to be paid by the Trust to its        shareholders, preparing and arranging for the printing of dividend notices to shareholders,        and providing the transfer agent and the custodian with the information that is required        for those parties to effect the payment of dividends and distributions;

14.       provide to the Trust’s        Board of Trustees periodic and special reports as the Board may reasonably request,        including but not limited to reports concerning the services of the administrator,        custodian, shareholder service and transfer agents;

|   | 15. | provide assistance with investor and public relations                        matters; |
|--------|-----|---------------------------------------------------------------------------------------|

16.       monitor the registration of        shares under applicable federal and state securities law; and

17.       otherwise assist the Trust as        it may reasonably request in the conduct of the Trust's business.

APPENDIX        B

FUND        ACCOUNTING SERVICES

Services

 

Subject        to the general supervision of the Board of Trustees of the Trust, the Administrator will        provide the following fund accounting services to the Trust:

 

1.         Maintain and        preserve all accounts, books, financial records and other documents as are required of the        Trust under Section 31 of the Investment Company Act and Rules 31a-1, 31a-2 and 31a-3 under        the Investment Company Act, applicable federal and state laws and any other law or        administrative rules or procedures which may be applicable to the Trust, other than (a)        those accounts, books and financial records required to be maintained by the Trust's        custodian or (b) transfer agent and/or books and records maintained by all other service        providers necessary for the Trust to conduct its business as a registered open-end        management investment company. All such books and records shall be the property of the        Trust and will at all times during regular business hours be open for inspection by, and        will be surrendered promptly upon request of, duly authorized officers of the Trust. All        such books and records will at all times during regular business hours be open for        inspection, upon request of duly authorized officers of the Trust, by employees or agents        of the Trust and employees and agents of the Securities and Exchange Commission.

2.   Record the current day's trading activity and other        proper bookkeeping entries as are necessary for determining that day's net asset value and        net income.

3.   Maintain records in accordance with generally accepted        accounting principles to the extent required under applicable law.

4.   Calculate performance for the Trust, including the total        return yield, the SEC yield and the distribution yield.

5.   Render statements or copies of records as from time to        time are reasonably requested by the Trust.

6.   Facilitate audits of accounts by the Trust's independent        public accountants or by any other auditors employed or engaged by the Trust or by any        regulatory body with jurisdiction over the Trust.

7.   Compute the Trust's net asset value per share, and, if        applicable, its public offering price and/or its daily dividend rates and money market        yields, in accordance with this Agreement and notify the Trust and any other persons as the        Trust may reasonably request of the net asset value per share, the public offering price        and/or its daily dividend rates and money market yields. In connection with the        computation:

(i)        The Administrator will        compute the Trust's net asset value, including net income, in a manner consistent with the        specific provisions

of the Registration Statement. The computation will be made as of the time        or times specified in the Trust’s Registration Statement.

(ii)      The Administrator will compute the        daily dividend rates and money market yields, if applicable, in accordance with the        methodology set out in the Trust’s Registration Statement.

(iii)      For purposes of valuing the        securities of the Trust, securities will be valued in accordance with (a) that Trust's        Registration Statement; (b) the resolutions of the Board of Trustees of the Trust at the        time in force and applicable, as they may from time to time be delivered to the        Administrator, and (c) Proper Instructions from the officers of the Trust or other persons        as are from time to time authorized by the Board of Trustees of the Trust to give        instructions with respect to computation and determination of the net asset value. The        Administrator may use one or more external pricing services, including broker-dealers,        provided that an appropriate officer of the Trust will have approved such use in        advance.

APPENDIX        C

 

ADMINISTRATIVE SERVICES AND FUND ACCOUNTING SERVICES FEE SCHEDULE

The        Trust will pay the Administrator in United States Dollars following the last day of each        month the unpaid balance of a fee equal to the sum of all the daily administrative service        fee accruals from the previous month. The daily administrative service fee accrual is        calculated on a daily basis by multiplying the Trust’s prior day’s net assets        by the specific percentage indicated in the schedule below and dividing that product by the        number of days in that year. The Administrator will be entitled to receive during any month        such interim payments of its fee under this Agreement as it will request, provided that no        such payment will exceed 75 percent of the amount of its fee then accrued on the books of        the Trust and unpaid.

The        “average daily net assets” of the Trust will mean the average of the values        placed on the Trust's net assets as of 4:00 p.m. (New York time) on each day on which the        net asset value of the Trust is determined consistent with the provisions of Rule 22c-1        under the Investment Company Act or, if the Trust lawfully determines the value of its net        assets as of some other time on each business day, as of such time. The value of the net        assets of the Trust will always be determined pursuant to the applicable provisions of the        Trust's Declaration, as amended from time-to-time and the Registration Statement. If the        determination of net asset value for the Trust does not take place for any particular day,        then for the purposes of this Agreement, the value of the net assets of the Trust as last        determined will be deemed to be the value of its net assets as of 4:00 p.m. (New York        time), or as of such other time as the value of the net assets of the Trust's portfolio may        be lawfully determined on that day. If the Trust determines the value of the net assets of        its portfolio more than once on any day, then the last such determination thereof on that        day will be deemed to be the sole determination thereof on that day for the purposes of        this Agreement.

| **Trust**                      | **Fee Rate** |
|--------------------------------|--------------|
| DWS Equity 500 Index Portfolio | 0.030%       |