Item 77D - DWS Dreman Value Income Edge Fund, Inc.

Investments in Credit Default Swaps and Structured Notes

The fund may invest in credit default swaps and
structured notes to the extent consistent with its
investment objective of seeking a high level of
total return.  The fund's portfolio management team does
not currently anticipate investing more than 30%
of the fund's assets in credit default swaps (measured by
the notional amount of the credit default swap)
and structured notes.

A credit default swap is a contract between a buyer
and a seller of protection against a pre-defined credit
event.  The buyer of protection pays the seller a
fixed regular fee provided that no event of default on an
underlying reference obligation has occurred.  If
an event of default occurs, the seller must pay the buyer
the full notional value, or "par value," of the
reference obligation in exchange for the reference
obligation.  Credit default swaps are used as a means
of "buying" credit protection, i.e., attempting to
mitigate the risk of default or credit quality
deterioration in some portion of the fund's holdings,
or "selling" credit protection, i.e., attempting to
gain exposure to an underlying issuer's credit
quality characteristics without directly investing
in that issuer.  Where the fund is a seller of
credit protection, it effectively adds leverage
to its portfolio because, in addition to its total
net assets, the fund would be subject to investment
exposure on the notional amount of the swap.  The fund
will only sell credit protection with respect to securities
in which it would be authorized to invest directly.

If the fund is a buyer of a credit default swap and no
event of default occurs, the fund will lose its
investment and recover nothing.  However, if the fund
is a buyer and an event of default occurs, the fund
will receive the full notional value of the reference
obligation that may have little or no value.  As a seller,
the fund receives a fixed rate of income through the
term of the contract (typically between six months
and three years), provided that there is no default event.
If an event of default occurs, the seller must pay
the buyer the full notional value of the reference
obligation.  Credit default swaps involve greater risks
than if the fund had invested in the reference obligation
directly.

The fund may use credit default swaps to gain exposure to
particular issuers or particular markets through
investments in portfolios of credit default swaps,
such as Dow Jones CDX.NA.HY certificates.  By
investing in certificates representing interests in a
basket of credit default swaps, the fund is taking credit
risk with respect to an entity or group of entities
and providing credit protection to the swap counterparties.


The fund may invest in structured notes, including
equity-linked structured notes. Structured notes are
derivative securities that are specially designed
to combine the characteristics of one or more underlying
securities and a derivative instrument in a single
note form. The return and/or yield or income component
may be based on the performance of the underlying
securities or reference asset, an index, and/or option
positions or other derivatives. Structured notes
are typically offered in limited transactions by financial
institutions in either registered or non-registered
form. An investment in structured notes creates exposure
to the credit risk of the issuing financial institution,
as well as to the market risk of the underlying securities
and derivative feature. There is no guaranteed return
of principal with these securities and the appreciation
potential of these securities may be limited by a
maximum payment or call right. In certain cases,
structured notes may be more volatile and less liquid
than less complex securities or other types of fixed-
income securities. Such securities may exhibit price
behavior that does not correlate with other fixed-
income securities.

  .



Securities Lending

Subject to the satisfactory resolution of certain
legal, compliance, and operational considerations, the
fund's Board of Directors has authorized the fund to
engage in securities lending.  The fund may lend its
portfolio securities to securities broker-dealers or
financial institutions if (i) the loan is collateralized
in accordance with applicable regulatory requirements,
and (ii) no loan will cause the value of all loaned
securities to exceed 33 1/3% of the value of the
fund's total assets.

Securities lending involves certain risks, including
the risk that any loss in the market price of securities
loaned by the fund that occurs during the term of the
loan would be borne by the fund and would adversely
affect the fund's performance.  Also, there may be
delays in recovery of securities loaned and, in some
cases, even loss of rights in the collateral should
the borrower of the securities fail financially.

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