**EXHIBIT (f)(2)**

**INDEMNIFICATION AND REIMBURSEMENT AGREEMENT**

This Agreement, dated as of November 14, 2007, is made by andbetween each of the DWS Scudder Funds listed in Schedule A attached hereto (the "Funds") andDeutsche Investment Management Americas Inc. ("DIMA").

WHEREAS, the Funds have entered into Retirement Agreements of even dateherewith with their Independent Directors listed in Schedule B attached hereto, for the purposeof facilitating the creation of a unified board structure where the boardmembers of the Funds and of the other DWS Scudder Funds would be primarily thesame individuals (the "Consolidated Board"); and

WHEREAS, DIMA will benefit from the proposed consolidation of multipleboards through increased efficiencies and reduced costs in connection withoperating and managing the DWS Scudder Funds and coordinating with theirrespective Boards, and, accordingly, the Boards have requested and DIMA hasagreed to reimburse the Funds for all costs of the retirement benefit granted bythe Funds to the Independent Directors under the terms of the aforesaidRetirement Agreements and to provide certain further assurances and indemnitiesfor the benefit of the Independent Directors.

NOW THEREFORE, for and in consideration of the premises and the mutualcovenants contained herein, the parties agree as follows:

1.         Reimbursement of Costs. DIMA shall reimburse theFunds promptly upon payment for the cost of the retirement benefits provided tothe Independent Directors under the terms of the aforesaid RetirementAgreements.

2.         Existing Indemnification Agreements. DIMA agreesthat the retirement of the Independent Directors under the terms of theaforesaid Retirement Agreements shall in no way affect or diminish thecontractual rights of indemnification that the Independent Directors may have atthe time under any agreement of indemnification between an Independent Directorand DIMA, including without limitation agreements of indemnification currentlyin effect with respect to matters related to market timing and matters relatedto merged or liquidated funds. Upon request made by any Independent Director,DIMA agrees to execute a separate instrument confirming the existence andcontinuation of any such agreement of indemnification.

3.         Maintenance of Minimum Insurance Coverage. In theevent that the Consolidated Board determines to reduce insurance coverage belowthe minimum levels stated in the aforesaid Retirement Agreements, then DIMA atits expense will purchase excess insurance coverage for the benefit of theIndependent Directors sufficient to maintain such minimum coverage levels inplace for the duration of the period specified in the aforesaid RetirementAgreements, provided that in the event that such excess coverage is notavailable in the marketplace on commercially reasonable terms from aconventional third-party insurer, DIMA (or an affiliate of DIMA) may, at DIMA'sdiscretion and in lieu of purchasing such excess insurance coverage, electinstead to provide the Independent Directors substantially equivalent protectionin the form of a written indemnity or financial guaranty reasonably acceptableto each such Independent Director.

 

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