UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549  FORM N-CSR  Investment Company Act file number
        811-4670
  DWS Global/International Fund, Inc. (Exact Name of Registrant as Specified in Charter)  345 Park Avenue New York, NY  10154 (Address of principal executive offices)             (Zip code)  Registrants Telephone Number, including Area Code:(212) 454-7190  Paul Schubert 345 Park Avenue New York, NY 10154 (Name and Address of Agent for Service)  Date of fiscal year end:
        10/31
  Date of reporting period:
        10/31/07
   ITEM 1.REPORT TO STOCKHOLDERS


OCTOBER 31, 2007

# Annual Report
to Shareholders

DWS Global Opportunities Fund

|gof_cover2a0
|------------

Contents

click herePerformance Summary

click hereInformation About Your Fund's Expenses

click herePortfolio Management Review

click herePortfolio Summary

click hereInvestment Portfolio

click hereFinancial Statements

click hereFinancial Highlights

click hereNotes to Financial Statements

click hereReport of Independent Registered Public Accounting Firm

click hereTax Information

click hereInvestment Management Agreement Approval

click hereSummary of Management Fee Evaluation by Independent
Fee Consultant

click hereDirectors and Officers

click hereAccount Management Resources

This report must be preceded or accompanied by a prospectus. To obtain a
prospectus for any of our funds, refer to the Account Management Resources
information provided in the back of this booklet. We advise you to consider the
fund's objectives, risks, charges and expenses carefully before investing. The
prospectus contains this and other important information about the fund. Please
read the prospectus carefully before you invest.

Investments in mutual funds involve risk. Some funds have more risk than others. The
fund is subject to US and foreign stock market risk. Investing in foreign securities
presents certain unique risks not associated with domestic investments, such as
currency fluctuations, political and economic changes and market risks. Additionally,
stocks of small-sized companies involve greater risk as they often have limited product
lines, markets, or financial resources and may be sensitive to erratic and abrupt market
movements more so than securities of larger, more-established companies. All of
these factors may result in greater share price volatility. Please read this fund's
prospectus for specific details regarding its investments and risk profile.

DWS Scudder is part of Deutsche Asset Management, which is the marketing name in
the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust
Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust
Company.

NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE
NOT A DEPOSIT NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Performance SummaryOctober 31, 2007

Classes A, B and C

All performance shown is historical, assumes reinvestment of all dividend and
capital gain distributions, and does not guarantee future results. Investment
return and principal value fluctuate with changing market conditions so that,
when redeemed, shares may be worth more or less than their original cost.
Current performance may be lower or higher than the performance quoted.
Please visit www.dws-scudder.com for the Fund's most recent month-end
performance.

The maximum sales charge for Class A shares is 5.75%. For Class B shares, the
maximum contingent deferred sales charge (CDSC) is 4% within the first year
after purchase, declining to 0% after six years. Class C shares have no adjustment
for front-end sales charges but redemptions within one year of purchase may be
subject to a CDSC of 1%. Unadjusted returns do not reflect sales charges and
would have been lower if they had.

The total annual fund operating expense ratios, gross of any fee waivers or
expense reimbursements, as stated in the fee table of the prospectus dated
March 1, 2007 are 1.71%, 2.70% and 2.41% for Class A, Class B and Class C shares,
respectively. Please see the Information About Your Fund's Expenses, the
Financial Highlights and Notes to the Financial Statements (Note C, Related
Parties) sections of this report for gross and net expense related disclosure for
the period ended October 31, 2007.

To discourage short-term trading, the Fund imposes a 2% redemption fee on
shareholders redeeming shares held less than 15 days, which has the effect of
lowering total return.

Returns and rankings during all periods shown reflect a fee waiver and/or expense
reimbursement. Without this waiver/reimbursement, returns and rankings would have
been lower.

Performance figures do not reflect the deduction of taxes that a shareholder would pay
on fund distributions or the redemption of fund shares. Returns and rankings may differ
by share class.

Returns shown for Class A, B and C shares for the periods prior to their inception on
April 16, 1998 are derived from the historical performance of Class S shares of DWS
Global Opportunities Fund during such periods and have been adjusted to reflect the
higher gross total annual operating expenses of each specific class. Any difference in
expenses will affect performance.

|Average Annual Total Returns(Unadjusted for Sales Charge) as of 10/31/07
|------------------------------------------------------------------------
|DWS Global Opportunities Fund                                           
|Class A                                                                 
|Class B                                                                 
|Class C                                                                 
|S&P®/Citigroup EMI+                                                     

Sources: Lipper Inc. and Deutsche Investment Management Americas Inc.

|Net Asset Value and Distribution Information                           
|-----------------------------------------------------------------------
|                                                                       
|Net Asset Value:
10/31/07                                              
|10/31/06                                                               
|Distribution Information:
Twelve Months as of 10/31/07:Income Dividends
|Capital Gain Distributions                                             

|Class A Lipper Rankings  Global Small/Mid-Cap Growth Funds
Categoryas of 10/31/07
|----------------------------------------------------------------------------------
|Period                                                                            
|1-Year                                                                            
|3-Year                                                                            
|5-Year                                                                            

Source: Lipper Inc. Rankings are historical and do not guarantee future results.
Rankings are based on total return unadjusted for sales charges with distributions
reinvested. If sales charges had been included, rankings might have been less
favorable. Rankings are for Class A shares; other share classes may vary.

|Growth of an Assumed $10,000 Investment(Adjusted for Maximum Sales Charge)
|--------------------------------------------------------------------------
|[]DWS Global Opportunities Fund  Class A
[]S&P/Citigroup EMI+            
|gof_g10k240                                                               
|Yearly periods ended October 31                                           

The Fund's growth of an assumed $10,000 investment is adjusted for the maximum
sales charge of 5.75%. This results in a net initial investment of $9,425.

|Comparative Results(Adjusted for Maximum Sales Charge) as of 10/31/07
|---------------------------------------------------------------------
|DWS Global Opportunities Fund                                        
|Class A                                                              
|Average annual total return                                          
|Class B                                                              
|Average annual total return                                          
|Class C                                                              
|Average annual total return                                          
|S&P/Citigroup EMI+                                                   
|Average annual total return                                          

The growth of $10,000 is cumulative.

Class S

Class S shares are generally not available to new investors except under certain
circumstances. (Please refer to the Fund's Statement of Additional Information.)

All performance shown is historical, assumes reinvestment of all dividend
and capital gain distributions, and does not guarantee future results. Investment
return and principal value fluctuate with changing market conditions so that,
when redeemed, shares may be worth more or less than their original cost.
Current performance may be lower or higher than the performance quoted.
Please visit www.dws-scudder.com for the Fund's most recent month-end
performance.

The total annual fund operating expense ratio, gross of any fee waivers or
expense reimbursements, as stated in the fee table of the prospectus dated
March 1, 2007 is 1.34% for Class S shares, respectively. Please see the Information
About Your Fund's Expenses, the Financial Highlights and Notes to the Financial
Statements (Note C, Related Parties) sections of this report for gross and net
expense related disclosure for the period ended October 31, 2007.

To discourage short-term trading, the Fund imposes a 2% redemption fee on
shareholders redeeming shares held less than 15 days, which has the effect of
lowering total return.

Returns and rankings during all periods shown reflect a fee waiver and/or expense
reimbursement. Without this waiver/reimbursement, returns and rankings would have
been lower.

Performance figures do not reflect the deduction of taxes that a shareholder would pay
on fund distributions or the redemption of fund shares. Returns and rankings may differ
by share class.

|Average Annual Total Returnsas of 10/31/07
|------------------------------------------
|DWS Global Opportunities Fund             
|Class S                                   
|S&P/Citigroup EMI+                        

Sources: Lipper Inc. and Deutsche Investment Management Americas Inc.

|Net Asset Value and Distribution Information                           
|-----------------------------------------------------------------------
|                                                                       
|Net Asset Value:
10/31/07                                              
|10/31/06                                                               
|Distribution Information:
Twelve Months as of 10/31/07:Income Dividends
|Capital Gain Distributions                                             

|Class S Lipper Rankings  Global Small/Mid-Cap Growth Funds
Categoryas of 10/31/07
|----------------------------------------------------------------------------------
|Period                                                                            
|1-Year                                                                            
|3-Year                                                                            
|5-Year                                                                            
|10-Year                                                                           

Source: Lipper Inc. Rankings are historical and do not guarantee future results.
Rankings are based on total return with distributions reinvested. Rankings are for
Class S shares; other share classes may vary.

|Growth of an Assumed $10,000 Investment                       
|--------------------------------------------------------------
|[]DWS Global Opportunities Fund  Class S
[]S&P/Citigroup EMI+
|gof_g10k230                                                   
|Yearly periods ended October 31                               

|Comparative Resultsas of 10/31/07
|---------------------------------
|DWS Global Opportunities Fund    
|Class S                          
|Average annual total return      
|S&P/Citigroup EMI+               
|Average annual total return      

The growth of $10,000 is cumulative.

Information About Your Fund's Expenses

As an investor of the Fund, you incur two types of costs: ongoing
expenses and transaction costs. Ongoing expenses include management
fees, distribution and service (12b-1) fees and other Fund expenses.
Examples of transaction costs include sales charges (loads), redemption
fees and account maintenance fees, which are not shown in this section.
The following tables are intended to help you understand your ongoing
expenses (in dollars) of investing in the Fund and to help you compare
these expenses with the ongoing expenses of investing in other mutual
funds. In the most recent six-month period, the Fund limited these
expenses; had it not done so, expenses would have been higher. The
example in the table is based on an investment of $1,000 invested at the
beginning of the six-month period and held for the entire period(May 1,
2007 to October 31, 2007).

The tables illustrate your Fund's expenses in two ways:

Actual Fund Return. This helps you estimate the actual dollar amount
of ongoing expenses (but not transaction costs) paid on a $1,000
investment in the Fund using the Fund's actual return during the
period. To estimate the expenses you paid over the period, simply
divide your account value by $1,000 (for example, an $8,600 account
value divided by $1,000 = 8.6), then multiply the result by the number
in the "Expenses Paid per $1,000" line under the share class you hold.

Hypothetical 5% Fund Return. This helps you to compare your Fund's
ongoing expenses (but not transaction costs) with those of other
mutual funds using the Fund's actual expense ratio and a hypothetical
rate of return of 5% per year before expenses. Examples using a 5%
hypothetical fund return may be found in the shareholder reports of
other mutual funds. The hypothetical account values and expenses
may not be used to estimate the actual ending account balance or
expenses you paid for the period.

Please note that the expenses shown in these tables are meant to
highlight your ongoing expenses only and do not reflect any transaction
costs. The "Expenses Paid per $1,000" line of the tables is useful in
comparing ongoing expenses only and will not help you determine the
relative total expense of owning different funds. An account maintenance
fee of $6.25 per quarter for Class S shares may apply for certain accounts
whose balances do not meet the applicable minimum initial investment.
This fee is not included in these tables. If it was, the estimate of
expenses paid for Class S shares during the period would be higher, and
account value during the period would be lower, by this amount.

|Expenses and Value of a $1,000 Investmentfor the six months ended October 31, 2007
|----------------------------------------------------------------------------------
|Actual Fund Return                                                                
|Beginning Account Value 5/1/07                                                    
|Ending Account Value 10/31/07                                                     
|Expenses Paid per $1,000*                                                         
|Hypothetical 5% Fund Return                                                       
|Beginning Account Value 5/1/07                                                    
|Ending Account Value 10/31/07                                                     
|Expenses Paid per $1,000*                                                         

|Annualized Expense Ratios     | Class A | Class B | Class C | Class S
|----------------------------- | ------- | ------- | ------- | -------
|DWS Global Opportunities Fund | 1.64%   | 2.35%   | 2.39%   | 1.33%  

For more information, please refer to the Fund's prospectus.

Portfolio Management Review

DWS Global Opportunities Fund: A Team Approach to Investing

Deutsche Investment Management Americas Inc. ("DIMA" or the
"Advisor"), which is part of Deutsche Asset Management, is the
investment advisor for DWS Global Opportunities Fund. DIMA and its
predecessors have more than 80 years of experience managing mutual
funds and DIMA provides a full range of investment advisory services to
institutional and retail clients.

Deutsche Asset Management is a global asset management organization
that offers a wide range of investing expertise and resources. This
well-resourced global investment platform brings together a wide variety
of experience and investment insight across industries, regions, asset
classes and investing styles.

DIMA is an indirect, wholly owned subsidiary of Deutsche Bank AG.
Deutsche Bank AG is a major global banking institution that is engaged in
a wide range of financial services, including investment management,
mutual funds, retail, private and commercial banking, investment banking
and insurance.

Portfolio Management Team

Joseph Axtell, CFA

Managing Director of Deutsche Asset Management and Co-Manager of the fund.

Joined Deutsche Asset Management in 2001 and the fund in 2002.

Senior analyst at Merrill Lynch Investment Managers for the international equity portion
of a global balanced portfolio (1996-2001).

Director, International Research at PCM International (1989-1996).

Associate manager, structured debt and equity group at Prudential Capital Corporation
(1988-1989).

Analyst at Prudential-Bache Capital Funding in London (1987-1988).

Equity analyst in the health care sector at Prudential Equity Management Associates
(1985-1987).

BS, Carlson School of Management, University of Minnesota.

Terrence S. Gray, CFA

Managing Director of Deutsche Asset Management and Co-Manager of the fund.

Joined Deutsche Asset Management in 1993 and the fund in 2003.

Portfolio manager for global emerging market funds and other international products.

Previously, head of the Pacific Basin portfolio selection team and served as an Asian
country and sector analyst before joining the Emerging Markets team.

BS, Boston College.

In the following interview, Lead Portfolio Manager Joseph Axtell
discusses DWS Global Opportunities Fund's strategy and the market
environment for the 12-month period ended October 31, 2007.

The views expressed in the following discussion reflect those of the portfolio managers only
through the end of the period of the report as stated on the cover. The management team's
views are subject to change at any time based on market and other conditions and should
not be construed as a recommendation. Past performance is no guarantee of future results.

Q: How did the global equity markets perform during the
reporting period, and how did this affect the fund?

A:Although the final three months of the fund's fiscal year
brought a notable rise in market volatility, global equities
performed very well during the past 12 months. Stock prices were
boosted by a combination of strong global growth, robust
corporate earnings, and  until late July  an abundance of
"liquidity," or in other words, cash available to be put to work in
the financial markets. The result was a strong return of 22.40%
for the fund's benchmark, the S&P/Citigroup Extended Market
Index.1

The market environment of the past year was favorable for the
fund. First, growth stocks outperformed their value counterparts
 a positive given the fund's growth orientation. Second, the
European markets outpaced the United States and Japan by a
wide margin. This was also favorable for the fund, given its
overweight in Europe and underweight in the two laggard
regions.2 Along the same line, the fund's below-benchmark
weighting in the United States limited its exposure to the US
dollar, which lost value against all major global currencies during
the past year.3 Finally, small- and mid-cap stocks continued to
outperform large-caps, and this also contributed to the positive
backdrop for the fund.4

Q: How did the fund perform in relation to its benchmark and
Lipper peer group?

A:The total return of the fund's Class A shares for the 12 months
ended October 31, 2007, was 22.78%. (Returns are unadjusted
for sales charges. If sales charges had been included, return
would have been lower. Past performance is no guarantee of
future results. Please see pages 4 through 8 for complete
performance information.)

In addition, the fund's Class A shares slightly outperformed the
22.40% return of its benchmark, the S&P/Citigroup Extended
Market Index, but it underperformed the 29.59% average return
of the 40 funds in its Lipper peer group, Global Small/Mid-Cap
Growth Funds.5 The return of the fund's oldest share class, its
Class S shares, remains ahead of the benchmark over the three-,
five- and ten-year intervals.

|How is the fund managed?
First, we focus on fundamental research with the goal of investing in
approximately 100 of what we believe are the best ideas within the
global small-cap asset class. Second, we have a large amount of
flexibility in that we can invest in mid-, small-, or micro-cap companies,
and we can look for opportunities anywhere in the world. Finally, our
segmented growth strategy helps maintain a balance and diversity of
growth characteristics, which historically has resulted in lower risk. We
believe the effectiveness of this approach is the most important factor in
the fund's long-term outperformance vs. the benchmark.
Lead Portfolio Manager Joseph Axtell
Diversification does not eliminate risk and past performance does not guarantee future
results.
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

Q: What factors helped fund performance during the past year?

A:The fund's strongest areas of performance were the
information technology, consumer discretionary, energy and
financial sectors.

All of the fund's outperformance in technology came through
stock selection, as the fund's holdings generated a return almost
double that of the tech stocks in the benchmark. The leading
contributor in technology was Kingboard Chemical Holdings Ltd.,
which counts circuit boards and electronic components among its
wide range of products. Kingboard has been a key beneficiary of
the outsourcing trend, through which companies in the developed
markets move production to Asia in order to cut costs. Also in
technology, the fund benefited from its investment in Itron, Inc.
The US-based company makes automatic meter-reading devices,
which are in high demand due to utilities' desire to cut costs. Itron
is now expanding into Europe, which may provide an additional
springboard for future growth.

In the consumer discretionary sector, the fund was helped in two
ways: first, by being underweight in a poor-performing area of the
market; and second, by strong stock selection. The fund's leading
gainer was Paddy Power PLC, an Irish gaming company whose
shares rose over 125% on the year. The company has invested in
both building its presence online and in the United Kingdom, and
its shares have responded now that these investments appear to
be on the verge of paying off.

The energy sector was another area where the fund was helped
by both allocation and selection. With regard to the former, the
fund gained a boost by being overweight at a time when sharply
rising oil prices have been boosting profits for energy companies.
In terms of selection, we added value through an investment in
Lamprell PLC, a UK-domiciled company that operates primarily in
the Middle East. Lamprell, a provider of specialized engineering
services to oil companies, has benefited from the fact that the
"easy" oil in the Middle East has already been found, prompting
companies to move offshore into the Persian Gulf. As one of the
primary contractors in the region, Lamprell has been a key
beneficiary of the rising investment in energy, and its stock rose
147% during the past year.

The fund has outperformed in financials despite an overweight in
this poor-performing group. We believe this helps demonstrate
that the combination of a large investment universe and a
research-driven investment process can help the fund perform
well even in the midst of an otherwise challenging environment.
The fund's top two performers were both based in Greece:
Piraeus Bank SA, which is capitalizing on rising credit demand in
Greece and expanding into the fast-growing Balkans region; and
Hellenic Exchanges Holding SA, which has benefited from
investors' expectation for further consolidation among global
securities exchanges. Piraeus gained over 50% during the annual
period, while Hellenic Exchanges rose nearly 110%. Also aiding
performance was Midland Holdings Ltd., which is the largest
realtor in Hong Kong. This security has been well-positioned to
take advantage of the country's strong property market.

Q: In what sectors did the fund underperform?

A:The two primary sectors in which the fund underperformed
were materials and health care. In materials, the fund was hurt by
a below-benchmark weighting in one of the best-performing
sectors of the market. The fund's growth orientation has been the
reason for its longstanding underweight in what until recently has
been a traditional "value" sector, and this has been a source of
underperformance during the commodities boom of recent years.
Stock selection in materials was also a negative during the past
year, with the most notable negative impact coming from a
position in Titan Cement Co. SA, a Greek company whose stock
has lost ground following the closure of one of its quarries in
Florida pending an environmental impact study. Additionally,
Titan was affected by weakened demand for cement in its
US operations.

In health care, both ineffective stock selection and an overweight
position were causes of underperformance. Flamel Technologies
SA, which the fund continues to hold in the portfolio, lost
substantial ground due to its difficulties in the launch of a new
product. We are optimistic on the prospects of its pipeline of
drugs under development, however, and this forms the basis for
continued investment in the company. The second-largest
detractor was Telik, Inc., which was discussed in the April, 2007
semiannual report. The stock fell 75% from the beginning of the
period until it was sold from the portfolio, largely the result of a
sharp one-day decline from $16.26 to $4.77 on December 26,
2006. The company had three drugs in late-stage development,
but its announcement reported that two trials had failed and a
third that was improperly managed caused the stock to plummet.

Q: What were some notable changes in the fund's overall
positioning throughout the semiannual period?

A:Our bottom-up research uncovered the largest number of new
individual stock opportunities in the industrials and information
technology sectors.

Industrials represented the largest increase of any sector
weighting with a gain of about two percentage points. A notable
addition here was Kingspan Group PLC, an Irish company that
makes panels and insulation for commercial construction. The
stock has underperformed, reflecting the fact that any
construction-related stock in the UK and Irish markets has been
pressured by the weak housing market in the British Isles.
However, we believe the company's exposure to commercial
construction should provide a degree of protection against the
softness in residential housing. What's more, the European Union
has mandated that people selling their homes must disclose how
well their houses are insulated  a change that should lead more
homeowners to add insulation before putting their houses on the
market. Taken together, we believe these factors point to a
positive long-term backdrop for Kingspan's stock price.

We increased the fund's weighting in information technology. The
largest addition was Itron, mentioned previously, followed by
ARM Holdings PLC, a UK designer of microprocessors that
licenses its technology for use by other firms. One of the
company's most notable customers is Apple Computer, which
uses ARM-designed microprocessors in its iPhone.

These additions were funded through sales in the materials
sector, where we reduced a position in the Brazilian pulp and
paper company Aracruz Celulose; and in financials, where we took
profits in two banks stocks that had grown to large-cap status:
Anglo Irish Bank Corp. PLC and Zions Bancorporation. Other
notable sales in financials included Deutsche Bourse AG, which
reached our price target, as well as Banca Italease, which we sold
after the company reported disappointing results. In addition,
Nuveen Investments was sold out of the portfolio after the
company was acquired at a premium by a private equity firm. Not
all of our moves within financials were sales: we also purchased
shares in two UK-based alternative asset managers, Ashmore
Group PLC and BlueBay Asset Management PLC.

From a geographic standpoint, there were few changes to
the fund's positioning from six months ago despite our
higher-than-normal buying and selling activity. The fund remains
overweight in Europe and the Pacific Rim and underweight in the
United States and Japan.

Q: Do you have any closing thoughts for investors?

A:The global equity markets have experienced a high level of
volatility in recent months, leading investors to become much
more risk-averse. While we believe the uncertainty surrounding
the global financial sector does warrant a degree of caution, we
retain a positive outlook on equities on the basis of their strong
fundamentals. Corporate balance sheets are robust, which in our
view should help mitigate the effects of turmoil in the global
credit markets. In addition, we see stocks as being undervalued in
two ways. First, their "earnings yield" is high on a historical basis
relative to bonds; second, price-to-earnings ratios in most major
markets are well below historical levels.6 At the same time, both
the US Federal Reserve and other global central banks appear
willing to act aggressively to prevent the credit crisis from
spreading. Further, we believe the continued rapid growth of the
emerging market economies should offset any negative impact
caused by slower growth in the United States. With this as a
backdrop, we believe the global equity markets will continue to
offer a wealth of attractive individual companies for those, like us,
who focus on bottom-up stock selection. We believe the broad
nature of the fund's investment mandate will enable us to take full
advantage of these opportunities in the months and years ahead.

Portfolio Summary

|Geographical Diversification(As a % of Investment
Portfolio excluding Securities Lending Collateral and
Cash Equivalents) | 10/31/07 | 10/31/06
|------------------------------------------------------------------------------------------------------------------------- | -------- | --------
|                                                                                                                          |          |         
|Europe                                                                                                                    | 38%      | 42%     
|United States                                                                                                             | 30%      | 32%     
|Pacific Basin                                                                                                             | 11%      | 9%      
|United Kingdom                                                                                                            | 10%      | 5%      
|Japan                                                                                                                     | 7%       | 8%      
|Latin America                                                                                                             | 1%       | 2%      
|Other                                                                                                                     | 3%       | 2%      
|                                                                                                                          | 100%     | 100%    

|Sector Diversification(As a % of Common Stocks) | 10/31/07 | 10/31/06
|----------------------------------------------- | -------- | --------
|                                                |          |         
|Financials                                      | 22%      | 27%     
|Information Technology                          | 18%      | 14%     
|Health Care                                     | 16%      | 17%     
|Industrials                                     | 15%      | 13%     
|Consumer Discretionary                          | 11%      | 14%     
|Energy                                          | 10%      | 7%      
|Utilities                                       | 3%       | 3%      
|Consumer Staples                                | 3%       | 2%      
|Materials                                       | 1%       | 2%      
|Telecommunication Services                      | 1%       | 1%      
|                                                | 100%     | 100%    

Geographical and sector diversification are subject to change.

|Ten Largest Equity Holdings at October 31, 2007(20.8% of Net Assets)                                               | Country       | Percent
|------------------------------------------------------------------------------------------------------------------ | ------------- | -------
|1.      Allegheny Energy, Inc.
Provider of electric and gas power                                                  | United States | 3.0%   
|2.      Fresenius Medical Care AG & Co.
Manufacturer that distributes equipment and products for
dialysis patients | Germany       | 2.8%   
|3.      Piraeus Bank SA
A banking company that provides all kinds of banking
services                              | Greece        | 2.3%   
|4.      Itron, Inc.
Manufacturer of meter reading instruments for utilities                                        | United States | 2.0%   
|5.      Ultra Petroleum Corp.
Producer and explorer of natural gas                                                 | United States | 1.9%   
|6.      Sumitomo Realty & Development Co., Ltd.
Developer, manager and seller of homes and
condominiums            | Japan         | 1.8%   
|7.      Kingboard Chemical Holdings Ltd.
Manufacturer of laminates, copper foil and glass fabric                   | Hong Kong     | 1.8%   
|8.      Stada Arzneimittel AG
Manufactures pharmaceuticals                                                         | Germany       | 1.8%   
|9.      United Internet AG
Offers Internet access services                                                         | Germany       | 1.7%   
|10.     SBM Offshore NV
Provides a variety of services to the oil and gas industries                               | Netherlands   | 1.7%   

Portfolio holdings are subject to change.

For more complete details about the Fund's investment portfolio, see page 21. A quarterly
Fact Sheet is available upon request. Information concerning portfolio holdings of the Fund
as of month end will be posted to www.dws-scudder.com on or after the last day of the
following month. In addition, the Fund's top ten holdings and other information about the
Fund is posted on www.dws-scudder.com as of the calendar quarter-end on or after the
15th day following quarter-end. Please see the Account Management Resources section for
contact information.

Following the Fund's fiscal first and third quarter-end, a complete portfolio
holdings listing is filed with the SEC on Form N-Q. The form will be
available on the SEC's Web site at www.sec.gov, and it also may be
reviewed and copied at the SEC's Public Reference Room in Washington,
D.C. Information on the operation of the SEC's Public Reference Room
may be obtained by calling (800) SEC-0330.

Investment Portfolioas of October 31, 2007

|                                                                     | Shares      | Value ($)  
|-------------------------------------------------------------------- | ----------- | -----------
|                                                                     |            
|Common Stocks 95.6%                                                 
|Australia 2.3%                                                      
|Babcock & Brown Ltd.                                                 | 521,114     | 14,998,830 
|Sigma Pharmaceuticals Ltd. (a)                                       | 4,482,800   | 6,392,347  
|(Cost $16,168,390)                                                   | 21,391,177 
|Bahrain 0.7%                                                        
|Gulf Finance House EC (GDR) 144A* (Cost $5,940,000)                  | 237,600     | 6,177,600  
|Bermuda 0.5%                                                        
|Orient-Express Hotels Ltd. "A" (Cost $2,348,893)                     | 76,100      | 4,931,280  
|Brazil 1.4%                                                         
|Aracruz Celulose SA "B" (ADR) (Preferred) (a)                        | 57,500      | 4,421,175  
|Diagnosticos da America SA                                           | 340,100     | 7,994,261  
|(Cost $8,784,318)                                                    | 12,415,436 
|Canada 1.6%                                                         
|Certicom Corp.*                                                      | 643,100     | 1,429,641  
|Flint Energy Services Ltd.*                                          | 106,200     | 2,735,242  
|OPTI Canada, Inc.*                                                   | 192,200     | 3,875,943  
|SunOpta, Inc.* (a)                                                   | 442,500     | 6,628,650  
|(Cost $13,279,620)                                                   | 14,669,476 
|France 2.6%                                                         
|Financiere Marc de Lacharriere SA (a)                                | 64,999      | 5,179,639  
|Flamel Technologies SA (ADR)* (a)                                    | 452,100     | 4,276,866  
|Haulotte Group                                                       | 106,799     | 4,093,837  
|JC Decaux SA                                                         | 278,113     | 10,260,330 
|(Cost $22,126,158)                                                   | 23,810,672 
|Germany 12.7%                                                       
|AWD Holding AG (a)                                                   | 206,164     | 6,856,912  
|Compugroup Holding AG*                                               | 127,939     | 2,659,317  
|Fresenius Medical Care AG & Co.                                      | 479,096     | 25,344,747 
|Grenkeleasing AG (a)                                                 | 99,319      | 4,295,737  
|Hypo Real Estate Holding AG (a)                                      | 133,277     | 7,960,382  
|M.A.X. Automation AG                                                 | 829,795     | 7,757,481  
|Puma AG (a)                                                          | 9,694       | 4,165,613  
|QSC AG* (a)                                                          | 643,100     | 2,730,961  
|Rational AG (a)                                                      | 28,792      | 6,673,306  
|Software AG                                                          | 62,613      | 5,867,735  
|Stada Arzneimittel AG                                                | 252,350     | 16,086,903 
|United Internet AG (Registered) (a)                                  | 723,304     | 15,928,583 
|Wincor Nixdorf AG                                                    | 98,736      | 9,836,599  
|(Cost $55,270,808)                                                   | 116,164,276
|Greece 5.2%                                                         
|Coca-Cola Hellenic Bottling Co. SA                                   | 192,500     | 11,972,651 
|Hellenic Exchanges Holding SA                                        | 263,500     | 9,206,913  
|Piraeus Bank SA                                                      | 519,150     | 20,902,367 
|Titan Cement Co. SA                                                  | 116,200     | 5,673,256  
|(Cost $16,996,451)                                                   | 47,755,187 
|Hong Kong 4.6%                                                      
|Dah Chong Hong Holdings Ltd.*                                        | 686,000     | 420,438    
|K Wah International Holdings Ltd.                                    | 7,964,000   | 5,374,833  
|Kingboard Chemical Holdings Ltd.                                     | 2,488,970   | 16,433,584 
|Midland Holdings Ltd.                                                | 6,242,407   | 7,932,309  
|Wing Hang Bank Ltd.                                                  | 981,200     | 11,550,513 
|(Cost $14,881,041)                                                   | 41,711,677 
|Ireland 5.9%                                                        
|Anglo Irish Bank Corp. PLC                                           | 735,412     | 12,418,198 
|C&C Group PLC (b)                                                    | 328,014     | 2,642,774  
|C&C Group PLC (b)                                                    | 210,236     | 1,682,010  
|FBD Holdings PLC                                                     | 121,000     | 4,343,946  
|ICON PLC (ADR)*                                                      | 154,200     | 8,943,600  
|Kingspan Group PLC                                                   | 168,611     | 3,988,202  
|Paddy Power PLC                                                      | 289,968     | 12,031,427 
|Ryanair Holdings PLC*                                                | 944,000     | 7,889,717  
|(Cost $25,886,130)                                                   | 53,939,874 
|Italy 0.8%                                                          
|Lottomatica SpA (a)                                                  | 103,287     | 3,702,025  
|Safilo Group SpA (a)                                                 | 773,000     | 3,289,777  
|(Cost $8,491,474)                                                    | 6,991,802  
|Japan 6.6%                                                          
|AEON Credit Services Co., Ltd. (a)                                   | 308,100     | 4,736,302  
|AEON Mall Co., Ltd. (a)                                              | 363,000     | 9,407,195  
|ANEST IWATA Corp. (a)                                                | 150,000     | 771,108    
|JAFCO Co., Ltd.                                                      | 73,900      | 3,028,654  
|KITZ Corp. (a)                                                       | 619,000     | 5,089,271  
|Matsui Securities Co., Ltd. (a)                                      | 530,800     | 4,207,183  
|Mitsubishi UFJ Lease & Finance Co., Ltd.                             | 116,730     | 4,030,856  
|Nidec Corp.                                                          | 77,700      | 5,850,754  
|Park24 Co., Ltd. (a)                                                 | 606,000     | 6,005,083  
|Sumitomo Realty & Development Co., Ltd.                              | 474,000     | 16,680,204 
|(Cost $45,832,029)                                                   | 59,806,610 
|Korea 1.0%                                                          
|Daewoo Shipbuilding & Marine Engineering Co., Ltd.
(Cost $2,116,673) | 144,500     | 9,265,748  
|Netherlands 5.1%                                                    
|Arcadis NV                                                           | 61,906      | 5,056,286  
|Chicago Bridge & Iron Co., NV (New York Shares)                      | 289,500     | 14,475,000 
|QIAGEN NV* (a)                                                       | 487,600     | 11,518,118 
|SBM Offshore NV                                                      | 408,847     | 15,769,036 
|(Cost $22,193,193)                                                   | 46,818,440 
|Norway 0.8%                                                         
|Electromagnetic GeoServices AS* (a)                                  | 84,850      | 1,356,918  
|Prosafe ASA (a)                                                      | 330,100     | 5,891,536  
|(Cost $5,176,413)                                                    | 7,248,454  
|Spain 0.6%                                                          
|Tecnicas Reunidas SA (Cost $4,337,817)                               | 68,829      | 5,823,257  
|Sweden 1.3%                                                         
|Brostrom AB "B" (a)                                                  | 379,800     | 3,824,488  
|Eniro AB                                                             | 457,100     | 5,859,392  
|Micronic Laser Systems AB* (a)                                       | 298,600     | 2,412,122  
|(Cost $9,395,236)                                                    | 12,096,002 
|Switzerland 1.0%                                                    
|Advanced Digital Broadcast Holdings SA (ADB Group)
(Registered)* (a) | 43,715      | 1,892,093  
|Fortune Management, Inc. (REG S)* (a)                                | 785,585     | 763,205    
|Partners Group (Registered)                                          | 48,300      | 6,566,654  
|(Cost $7,319,194)                                                    | 9,221,952  
|Taiwan 2.4%                                                         
|Powerchip Semiconductor Corp.                                        | 7,052,183   | 3,286,700  
|Siliconware Precision Industries Co.                                 | 6,256,295   | 13,505,395 
|Yuanta Financial Holding Co., Ltd.*                                  | 7,299,800   | 5,437,242  
|(Cost $10,203,578)                                                   | 22,229,337 
|Thailand 0.6%                                                       
|Bangkok Bank PCL (Foreign Registered) (Cost $3,539,101)              | 1,418,300   | 5,354,808  
|United Kingdom 9.6%                                                 
|Aegis Group PLC                                                      | 1,314,882   | 3,455,319  
|ARM Holdings PLC                                                     | 3,345,909   | 10,371,162 
|Ashmore Group PLC                                                    | 1,583,734   | 9,655,943  
|BlueBay Asset Management PLC (Unit)                                  | 612,402     | 5,869,219  
|Dicom Group PLC                                                      | 1,092,553   | 4,361,534  
|John Wood Group PLC                                                  | 715,875     | 6,222,553  
|Lamprell PLC                                                         | 1,071,446   | 10,713,224 
|Michael Page International PLC                                       | 1,083,804   | 9,904,363  
|Serco Group PLC                                                      | 1,492,595   | 14,102,553 
|Taylor Nelson Sofres PLC                                             | 1,282,641   | 5,763,026  
|Xchanging Ltd.*                                                      | 1,236,431   | 7,021,082  
|(Cost $62,385,668)                                                   | 87,439,978 
|United States 28.3%                                                 
|Adams Respiratory Therapeutics, Inc.*                                | 140,300     | 6,164,782  
|Advance Auto Parts, Inc.                                             | 157,700     | 5,380,724  
|Advanced Medical Optics, Inc.*                                       | 156,700     | 4,301,415  
|Aecom Technology Corp.*                                              | 174,887     | 5,905,934  
|Aeropostale, Inc.*                                                   | 270,150     | 6,186,435  
|Akamai Technologies, Inc.* (a)                                       | 184,200     | 7,218,798  
|Allegheny Energy, Inc.*                                              | 451,100     | 27,363,726 
|AMERIGROUP Corp.*                                                    | 222,300     | 7,780,500  
|Carter's, Inc.*                                                      | 224,300     | 4,952,544  
|Celgene Corp.*                                                       | 119,700     | 7,900,200  
|Cogent, Inc.* (a)                                                    | 226,500     | 3,345,405  
|Diamond Foods, Inc.                                                  | 159,200     | 3,476,928  
|Dresser-Rand Group, Inc.*                                            | 221,700     | 8,579,790  
|EMS Technologies, Inc.*                                              | 129,600     | 3,633,984  
|Euronet Worldwide, Inc.* (a)                                         | 229,000     | 7,334,870  
|First Marblehead Corp.                                               | 104,800     | 4,069,384  
|Foundation Coal Holdings, Inc.                                       | 127,700     | 5,455,344  
|FTI Consulting, Inc.* (a)                                            | 230,950     | 12,540,585 
|Gentex Corp.                                                         | 198,300     | 4,120,674  
|Harman International Industries, Inc.                                | 72,900      | 6,138,180  
|Harris Interactive, Inc.*                                            | 357,000     | 1,645,770  
|Invitrogen Corp.*                                                    | 63,700      | 5,788,419  
|Itron, Inc.* (a)                                                     | 167,600     | 18,015,324 
|Joy Global, Inc.                                                     | 175,500     | 10,189,530 
|Lam Research Corp.*                                                  | 72,900      | 3,659,580  
|Metabolix, Inc.*                                                     | 99,800      | 2,883,222  
|Mueller Water Products, Inc. "A" (a)                                 | 220,700     | 2,593,225  
|NeuStar, Inc. "A"*                                                   | 169,400     | 5,793,480  
|NxStage Medical, Inc.* (a)                                           | 444,000     | 6,549,000  
|Owens & Minor, Inc.                                                  | 142,600     | 5,781,004  
|Perficient, Inc.*                                                    | 207,500     | 3,911,375  
|Phillips-Van Heusen Corp.                                            | 82,800      | 3,957,840  
|Prospect Partners LP*                                                | 3           | 0          
|Rowan Companies, Inc.                                                | 100,300     | 3,909,694  
|Schawk, Inc.                                                         | 202,700     | 4,605,344  
|Somanetics Corp.*                                                    | 230,200     | 4,479,692  
|Thoratec Corp.*                                                      | 315,100     | 6,292,547  
|THQ, Inc.*                                                           | 347,450     | 9,412,420  
|Ultra Petroleum Corp.*                                               | 251,800     | 17,842,548 
|(Cost $163,793,162)                                                  | 259,160,216
|Total Common Stocks (Cost $526,465,347)                              | 874,423,259
|                                                                    
|Rights 0.0%                                                         
|Sweden                                                              
|Eniro AB* (Cost $81,797)                                             | 457,100     | 131,689    
|                                                                    
|Securities Lending Collateral 15.5%                                 
|Daily Assets Fund Institutional, 5.26% (c) (d)
(Cost $141,163,733)   | 141,163,733 | 141,163,733
|                                                                    
|Cash Equivalents 3.7%                                               
|Cash Management QP Trust, 5.06% (c) (Cost $33,913,589)               | 33,913,589  | 33,913,589 

|                                               | % of Net
Assets | Value ($)    
|---------------------------------------------- | --------------- | -------------
|                                               |                
|Total Investment Portfolio(Cost $701,624,466)+ | 114.8           | 1,049,632,270
|Other Assets and Liabilities, Net              | (14.8)          | (135,100,198)
|Net Assets                                     | 100.0           | 914,532,072  

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933.
These securities may be resold in transactions exempt from registration, normally to
qualified institutional buyers.

ADR: American Depositary Receipt

GDR: Global Depositary Receipt

The accompanying notes are an integral part of the financial statements.

Financial Statements

|Statement of Assets and Liabilitiesas of October 31, 2007                                                        
|-----------------------------------------------------------------------------------------------------------------
|Assets                                                                                                           
|Investments:Investments in securities, at value (cost $526,547,144)  including
$135,593,578 of securities loaned
|Investment in Daily Assets Fund Institutional (cost $141,163,733)*                                               
|Investment in Cash Management QP Trust (cost $33,913,589)                                                        
|Total investments, at value (cost $701,624,466)                                                                  
|Foreign currency, at value (cost $1,436,657)                                                                     
|Receivable for investments sold                                                                                  
|Receivable for Fund shares sold                                                                                  
|Dividends receivable                                                                                             
|Interest receivable                                                                                              
|Foreign taxes recoverable                                                                                        
|Other assets                                                                                                     
|Total assets                                                                                                     
|Liabilities                                                                                                      
|Payable for Fund shares redeemed                                                                                 
|Payable upon return of securities loaned                                                                         
|Accrued management fee                                                                                           
|Other accrued expenses and payables                                                                              
|Total liabilities                                                                                                
|Net assets, at value                                                                                             
|Net Assets Consists of:                                                                                          
|Distributions in excess of net investment income                                                                 
|Net unrealized appreciation (depreciation) on:Investments                                                        
|Foreign currency                                                                                                 
|Accumulated net realized gain (loss)                                                                             
|Paid-in capital                                                                                                  
|Net assets, at value                                                                                             

The accompanying notes are an integral part of the financial statements.

|Statement of Assets and Liabilitiesas of October 31, 2007 (continued)                                                                                                                                                        
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Net Asset Value                                                                                                                                                                                                              
|Class A
Net Asset Value and redemption price(a) per share
($299,785,273 ÷ 6,263,399 shares of capital stock outstanding,
$.01 par value, 40,000,000 shares authorized)                                                       
|Maximum offering price per share (100 ÷ 94.25 of $47.86)                                                                                                                                                                     
|Class B
Net Asset Value, offering and redemption price(a) (subject to contingent
deferred sales charge) per share ($32,496,569 ÷ 740,587 shares of capital
stock outstanding, $.01 par value, 20,000,000 shares authorized)  
|Class C
Net Asset Value, offering and redemption price(a) (subject to contingent
deferred sales charge) per share ($44,308,816 ÷ 1,004,823 shares of
capital stock outstanding, $.01 par value, 10,000,000 shares authorized)
|Class S
Net Asset Value, offering and redemption price(a)per share
($537,941,414 ÷ 10,951,329 shares of capital stock outstanding,
$.01 par value, 30,000,000 shares authorized)                                             

The accompanying notes are an integral part of the financial statements.

|Statement of Operationsfor the year ended October 31, 2007                                               
|---------------------------------------------------------------------------------------------------------
|Investment Income                                                                                        
|Income:Dividends (net of foreign taxes withheld of $878,685)                                             
|Securities lending income, including income from Daily Assets Fund
Institutional, net of borrower rebates
|Interest  Cash Management QP Trust                                                                      
|Interest                                                                                                 
|Total income                                                                                             
|Expenses:Management fee                                                                                  
|Administration fee                                                                                       
|Services to shareholders                                                                                 
|Custodian fee                                                                                            
|Distribution and service fees                                                                            
|Professional fees                                                                                        
|Directors' fees and expenses                                                                             
|Reports to shareholders                                                                                  
|Registration fees                                                                                        
|Other                                                                                                    
|Total expenses before expense reductions                                                                 
|Expense reductions                                                                                       
|Total expenses after expense reductions                                                                  
|Net investment income (loss)                                                                             
|Realized and Unrealized Gain (Loss)                                                                      
|Net realized gain (loss) from:Investments (net of foreign taxes of $38,272)                              
|Foreign currency (including foreign taxes of $430)                                                       
|                                                                                                         
|Change in net unrealized appreciation (depreciation) on:Investments                                      
|Foreign currency                                                                                         
|                                                                                                         
|Net gain (loss)                                                                                          
|Net increase (decrease) in net assets resulting from operations                                          

The accompanying notes are an integral part of the financial statements.

|Statement of Changes in Net Assets                                                                                                 
|-----------------------------------------------------------------------------------------------------------------------------------
|Increase (Decrease) in Net Assets                                                                                                  
|2007                                                                                                                               
|Operations:Net investment income (loss)                                                                                            
|Net realized gain (loss)                                                                                                           
|Change in net unrealized appreciation (depreciation)                                                                               
|Net increase (decrease) in net assets resulting from
operations                                                                    
|Distributions to shareholders from:Net investment income:Class A                                                                   
|Class AARP                                                                                                                         
|Class S                                                                                                                            
|Net realized gains:Class A                                                                                                         
|Class B                                                                                                                            
|Class C                                                                                                                            
|Class AARP                                                                                                                         
|Class S                                                                                                                            
|Fund share transactions:Proceeds from shares sold                                                                                  
|Reinvestment of distributions                                                                                                      
|Cost of shares redeemed                                                                                                            
|Redemption fees                                                                                                                    
|Net increase (decrease) in net assets from Fund share
transactions                                                                 
|Increase (decrease) in net assets                                                                                                  
|Net assets at beginning of period                                                                                                  
|Net assets at end of period (including distributions in
excess of net investment income of $7,564,153 and
$8,077,433, respectively)

The accompanying notes are an integral part of the financial statements.

Financial Highlights

|Class A
Years Ended October 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2007       | 2006       | 2005       | 2004       | 2003      
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $    43.66 | $    36.46 | $    29.93 | $    25.80 | $    17.77
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (.01)      | (.13)d     | (.08)      | (.08)      | (.09)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 9.16       | 9.17       | 6.61       | 4.21       | 8.12      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 9.15       | 9.04       | 6.53       | 4.13       | 8.03      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | (.01)      | (.18)      |           |           |          
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (4.94)     | (1.66)     |           |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | (4.95)     | (1.84)     |           |           |          
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | .00*       | .00*       | .00*       |           |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $    47.86 | $    43.66 | $    36.46 | $    29.93 | $    25.80
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 22.78c     | 25.56c,d   | 21.82c     | 16.01c     | 45.19     
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 300        | 219        | 155        | 120        | 102       
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 1.69       | 1.79       | 1.83       | 1.84       | 1.72      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 1.65       | 1.76       | 1.74       | 1.74       | 1.72      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (.03)      | (.34)d     | (.24)      | (.31)      | (.41)     
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 21         | 29         | 31         | 26         | 35        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an
administrative proceeding regarding disclosure of brokerage allocation practices in
connection with sales of DWS Scudder Funds. The non-recurring income resulted in an
increase in net investment income of $0.017 per share and an increase in the ratio of
net investment income of 0.04%. Excluding this non-recurring income, total return
would have been 0.04% lower.*Amount is less than $.005.

|Class B
Years Ended October 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2007       | 2006       | 2005       | 2004       | 2003      
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $    40.68 | $    34.17 | $    28.27 | $    24.55 | $    17.06
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (.31)      | (.44)d     | (.29)      | (.28)      | (.23)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 8.45       | 8.61       | 6.19       | 4.00       | 7.72      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 8.14       | 8.17       | 5.90       | 3.72       | 7.49      
|Less distributions from:
Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (4.94)     | (1.66)     |           |           |          
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | .00*       | .00*       | .00*       |           |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $    43.88 | $    40.68 | $    34.17 | $    28.27 | $    24.55
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 21.88c     | 24.61c,d   | 20.87c     | 15.15c     | 43.90     
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 32         | 34         | 40         | 43         | 50        
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2.53       | 2.68       | 2.79       | 2.67       | 2.55      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2.38       | 2.52       | 2.50       | 2.50       | 2.55      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (.78)      | (1.14)d    | (1.00)     | (1.07)     | (1.24)    
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 21         | 29         | 31         | 26         | 35        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an
administrative proceeding regarding disclosure of brokerage allocation practices in
connection with sales of DWS Scudder Funds. The non-recurring income resulted in an
increase in net investment income of $0.017 per share and an increase in the ratio of
net investment income of 0.04%. Excluding this non-recurring income, total return
would have been 0.04% lower.*Amount is less than $.005.

|Class C
Years Ended October 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2007       | 2006       | 2005       | 2004       | 2003      
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | $    40.86 | $    34.30 | $    28.38 | $    24.64 | $    17.11
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | (.32)      | (.41)d     | (.30)      | (.28)      | (.23)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            | 8.50       | 8.63       | 6.22       | 4.02       | 7.76      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   | 8.18       | 8.22       | 5.92       | 3.74       | 7.53      
|Less distributions from:
Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | (4.94)     | (1.66)     |           |           |          
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | .00*       | .00*       | .00*       |           |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | $    44.10 | $    40.86 | $    34.30 | $    28.38 | $    24.64
|Total Return (%)b                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | 21.88c     | 24.66c,d   | 20.86c     | 15.18c     | 44.01     
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 44         | 33         | 25         | 23         | 22        
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 2.45       | 2.49       | 2.64       | 2.62       | 2.52      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2.40       | 2.48       | 2.50       | 2.49       | 2.52      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                          | (.80)      | (1.07)d    | (1.00)     | (1.06)     | (1.21)    
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | 21         | 29         | 31         | 26         | 35        
|aBased on average shares outstanding during the period.bTotal return does not reflect the effect of any sales charges.cTotal return would have been lower had certain expenses not been reduced.dIncludes non-recurring income from the Advisor recorded as a result of an
administrative proceeding regarding disclosure of brokerage allocation practices in
connection with sales of DWS Scudder Funds. The non-recurring income resulted in an
increase in net investment income of $0.017 per share and an increase in the ratio of
net investment income of 0.04%. Excluding this non-recurring income, total return
would have been 0.04% lower.*Amount is less than $.005.

|Class S
Years Ended October 31,                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 2007       | 2006       | 2005       | 2004       | 2003      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                | $    44.71 | $    37.30 | $    30.55 | $    26.26 | $    18.05
|Income (loss) from investment operations:
Net investment income (loss)a                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | .13        | (.01)c     | .02        | (.02)      | (.04)     
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             | 9.39       | 9.39       | 6.76       | 4.31       | 8.25      
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 9.52       | 9.38       | 6.78       | 4.29       | 8.21      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | (.17)      | (.31)      | (.03)      |           |          
|Net realized gains                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  | (4.94)     | (1.66)     |           |           |          
|Total distributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | (5.11)     | (1.97)     | (.03)      |           |          
|Redemption fees                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | .00*       | .00*       | .00*       |           |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | $    49.12 | $    44.71 | $    37.30 | $    30.55 | $    26.26
|Total Return (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | 23.16b     | 25.97b,c   | 22.25      | 16.34      | 45.48     
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              | 538        | 443        | 367        | 309        | 289       
|Ratio of expenses before expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     | 1.36       | 1.43       | 1.42       | 1.48       | 1.48      
|Ratio of expenses after expense
reductions (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      | 1.34       | 1.42       | 1.42       | 1.48       | 1.48      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           | .28        | (.02)c     | .08        | (.05)      | (.17)     
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         | 21         | 29         | 31         | 26         | 35        
|aBased on average shares outstanding during the period.bTotal return would have been lower had certain expenses not been reduced.cIncludes non-recurring income from the Advisor recorded as a result of an
administrative proceeding regarding disclosure of brokerage allocation practices in
connection with sales of DWS Scudder Funds. The non-recurring income resulted in an
increase in net investment income of $0.017 per share and an increase in the ratio of
net investment income of 0.04%. Excluding this non-recurring income, total return
would have been 0.04% lower.*Amount is less than $.005.

Notes to Financial Statements

A. Significant Accounting Policies

DWS Global Opportunities Fund (the "Fund") is a diversified series of
DWS Global/International Fund, Inc. (the "Corporation") which is
registered under the Investment Company Act of 1940, as amended (the
"1940 Act"), as an open-end management investment company organized
as a Maryland corporation.

The Fund offers multiple classes of shares which provide investors with
different purchase options. Class A shares are offered to investors subject
to an initial sales charge. Class B shares are offered without an initial sales
charge but are subject to higher ongoing expenses than Class A shares
and a contingent deferred sales charge payable upon certain redemptions.
Class B shares automatically convert to Class A shares six years after
issuance. Class C shares are offered to investors without an initial sales
charge but are subject to higher ongoing expenses than Class A shares
and a contingent deferred sales charge payable upon certain redemptions
within one year of purchase. Class C shares do not convert into another
class. Class S shares are not subject to initial or contingent deferred sales
charges and are generally not available to new investors except under
certain circumstances.

Investment income, realized and unrealized gains and losses, and certain
fund-level expenses and expense reductions, if any, are borne pro rata on
the basis of relative net assets by the holders of all classes of shares,
except that each class bears certain expenses unique to that class such as
distribution and service fees, services to shareholders and certain other
class-specific expenses. Differences in class-level expenses may result in
payment of different per share dividends by class. All shares of the Fund
have equal rights with respect to voting subject to class-specific
arrangements.

The Fund's financial statements are prepared in accordance with
accounting principles generally accepted in the United States of America
which require the use of management estimates. Actual results could
differ from those estimates. The policies described below are followed
consistently by the Fund in the preparation of its financial statements.

Security Valuation. Investments are stated at value determined as of the
close of regular trading on the New York Stock Exchange on each day the
exchange is open for trading. Equity securities are valued at the most
recent sale price or official closing price reported on the exchange (US or
foreign) or over-the-counter market on which the security is traded most
extensively. Securities for which no sales are reported are valued at the
calculated mean between the most recent bid and asked quotations on
the relevant market or, if a mean cannot be determined, at the most
recent bid quotation.

Money market instruments purchased with an original or remaining
maturity of sixty days or less, maturing at par, are valued at amortized
cost. Investments in open-end investment companies and Cash
Management QP Trust are valued at their net asset value each business
day.

Securities and other assets for which market quotations are not readily
available or for which the above valuation procedures are deemed not to
reflect fair value are valued in a manner that is intended to reflect their fair
value as determined in accordance with procedures approved by the
Directors. The Fund may use a fair valuation model to value international
equity securities in order to adjust for events which may occur between
the close of the foreign exchanges and the close of the New York Stock
Exchange.

In September 2006, the Financial Accounting Standards Board ("FASB")
released Statement of Financial Accounting Standards No. 157, "Fair Value
Measurements" ("FAS 157"). FAS 157 defines fair value, establishes a
framework for measuring fair value and expands disclosures about fair
value measurements. FAS 157 is effective for fiscal years beginning after
November 15, 2007. As of October 31, 2007, management does not
believe the adoption of FAS 157 will impact the amounts reported in the
financial statements, however, additional disclosures will be required
about the inputs used to develop the measurements of fair value and the
effect of certain of the measurements reported in the statement of
operations for a fiscal period.

Securities Lending. The Fund may lend securities to financial institutions.
The Fund retains beneficial ownership of the securities it has loaned and
continues to receive interest and dividends paid by the issuer of securities
and to participate in any changes in their market value.The Fund requires
the borrowers of the securities to maintain collateral with the Fund
consisting of liquid, unencumbered assets having a value at least equal to
the value of the securities loaned. The Fund may invest the cash collateral
into a joint trading account in an affiliated money market fund pursuant to
Exemptive Orders issued by the SEC.The Fund receives compensation
for lending its securities either in the form of fees or by earning interest
on invested cash collateral net of borrower rebates and fees paid to the
lending agent. Either the Fund or the borrower may terminate the loan.
The Fund is subject to all investment risks associated with the value of
any cash collateral received, including, but not limited to, interest rate,
credit and liquidity risk associated with such investments.

Foreign Currency Translations. The books and records of the Fund are
maintained in US dollars. Investment securities and other assets and
liabilities denominated in a foreign currency are translated into US dollars
at the prevailing exchange rates at period end. Purchases and sales of
investment securities, income and expenses are translated into US dollars
at the prevailing exchange rates on the respective dates of the
transactions.

Net realized and unrealized gains and losses on foreign currency
transactions represent net gains and losses between trade and
settlement dates on securities transactions, the disposition of forward
foreign currency exchange contracts and foreign currencies, and the
difference between the amount of net investment income accrued and
the US dollar amount actually received. That portion of both realized and
unrealized gains and losses on investments that results from fluctuations
in foreign currency exchange rates is not separately disclosed but is
included with net realized and unrealized gain/appreciation and
loss/depreciation on investments.

Forward Foreign Currency Exchange Contracts. A forward foreign
currency exchange contract ("forward currency contract") is a
commitment to purchase or sell a foreign currency at the settlement date
at a negotiated rate. The Fund may enter into forward currency contracts
in order to hedge its exposure to changes in foreign currency exchange
rates on its foreign currency denominated portfolio holdings and to
facilitate transactions in foreign currency denominated securities.

Forward currency contracts are valued at the prevailing forward exchange
rate of the underlying currencies and unrealized gain (loss) is recorded
daily. Sales and purchases of forward currency contracts having the same
settlement date and broker are offset and any gain (loss) is realized on the
date of offset; otherwise, gain (loss) is realized on settlement date.
Realized and unrealized gains and losses which represent the difference
between the value of a forward currency contract to buy and a forward
currency contract to sell are included in net realized and unrealized gain
(loss) from foreign currency related transactions.

Certain risks may arise upon entering into forward currency contracts
from the potential inability of counterparties to meet the terms of their
contracts. Additionally, when utilizing forward currency contracts to hedge,
the Fund gives up the opportunity to profit from favorable exchange rate
movements during the term of the contract.

Federal Income Taxes. The Fund's policy is to comply with the
requirements of the Internal Revenue Code, as amended, which are
applicable to regulated investment companies, and to distribute all of its
taxable income to its shareholders. Accordingly, the Fund paid no federal
income taxes and no federal income tax provision was required.

Additionally, based on the Fund's understanding of the tax rules and rates
related to income, gains and transactions for the foreign jurisdictions in
which it invests, the Fund will provide for foreign taxes, and where
appropriate, deferred foreign taxes.

In July 2006, FASB issued Interpretation No. 48 ("FIN 48"), "Accounting
for Uncertainty in Income Taxes  an interpretation of FASB Statement
No. 109" (the "Interpretation"). The Interpretation establishes for the
Fund a minimum threshold for financial statement recognition of the
benefit of positions taken in filing tax returns (including whether the Fund
is taxable in certain jurisdictions), and requires certain expanded tax
disclosures. The Interpretation is effective for fiscal years beginning after
December 15, 2006. On December 22, 2006, the SEC indicated that they
would not object if a Fund implements FIN 48 in the first required financial
statement reporting period for its fiscal year beginning after December 15,
2006. Management is evaluating the application of the Interpretation to
the Fund and is not in a position at this time to estimate the significance
of its impact, if any, on the Fund's financial statements.

Distribution of Income and Gains. Net investment income of the Fund, if
any, is declared and distributed to shareholders annually. Net realized
gains from investment transactions, in excess of available capital loss
carryforwards, would be taxable to the Fund if not distributed, and,
therefore, will be distributed to shareholders at least annually.

The timing and characterization of certain income and capital gains
distributions are determined annually in accordance with federal tax
regulations which may differ from accounting principles generally
accepted in the United States of America. These differences primarily
relate to investments in foreign denominated investments, investments in
passive foreign investment companies, recognition of certain foreign
currency gains (losses) as ordinary income (loss) and certain securities
sold at a loss. As a result, net investment income (loss) and net realized
gain (loss) on investment transactions for a reporting period may differ
significantly from distributions during such period. Accordingly, the Fund
may periodically make reclassifications among certain of its capital
accounts without impacting the net asset value of the Fund.

At October 31, 2007, the Fund's components of distributable earnings
(accumulated losses) on a tax-basis were as follows:

|Undistributed ordinary income*                            | $       4,286,044  
|--------------------------------------------------------- | -------------------
|Undistributed net long-term capital gains                 | $       49,470,394 
|Net unrealized appreciation (depreciation) on investments | $       336,148,198

In addition, the tax character of distributions paid to shareholders by the
Fund is summarized as follows:

|                                           | Years Ended October 31,
|------------------------------------------ | -----------------------
|                                           | 2007                   
|Distributions from ordinary income*        | $       2,971,501      
|Distributions from long-term capital gains | $       79,942,335     

Redemption Fees. For the period from November 1, 2006 to March 11,
2007, the redemption or exchange of shares held for less than 30 days
were assessed a fee of 2% of the total amount redeemed or exchanged.
Effective March 12, 2007, the Fund imposes a redemption fee of 2% of
the total redemption amount on all Fund share redeemed or exchanged
within 15 days of buying them, either by purchase or exchange. This fee is
assessed and retained by the Fund for the benefit of the remaining
shareholders. The redemption fee is accounted for as an addition to
paid-in-capital.

Expenses. Expenses of the Corporation arising in connection with a
specific Fund are allocated to that fund. Other Corporation expenses
which cannot be directly attributed to a fund are apportioned among the
funds in the Corporation.

Contingencies. In the normal course of business, the Fund may enter into
contracts with service providers that contain general indemnification
clauses. The Fund's maximum exposure under these arrangements is
unknown as this would involve future claims that may be made against
the Fund that have not yet been made. However, based on experience,
the Fund expects the risk of loss to be remote.

Other.Investment transactions are accounted for on a trade date plus one
basis for daily net asset value calculations. However, for financial reporting
purposes, investment security transactions are reported on trade date.
Interest income is recorded on the accrual basis net of foreign
withholding taxes. Dividend income is recorded on the ex-dividend date
net of foreign withholding taxes. Certain dividends from foreign securities
may be recorded subsequent to the ex-dividend date as soon as the Fund
is informed of such dividends. Realized gains and losses from investment
transactions are recorded on an identified cost basis.

B. Purchases and Sales of Securities

During the year ended October 31, 2007, purchases and sales of
investment securities (excluding short-term investments) aggregated
$180,201,985 and $173,398,798, respectively.

C. Related Parties

Management Agreement. Under the Investment Management
Agreement with Deutsche Investment Management Americas Inc.
("DIMA" or the "Advisor"), an indirect, wholly owned subsidiary of
Deutsche Bank AG, the Advisor directs the investments of the Fund in
accordance with its investment objectives, policies and restrictions. The
Advisor determines the securities, instruments and other contracts
relating to investments to be purchased, sold or entered into by the Fund.

Pursuant to the Investment Management Agreement with the Advisor for
the period from November 1, 2006 through September 30, 2007, the
management fee was at the annual rate of 1.02%, computed and accrued
daily and payable monthly.

Effective October 1, 2007, the Fund pays a monthly management fee
based on the Fund's average daily net assets, computed and accrued daily
and payable monthly, at the following annual rates:

|First $500 million of the Fund's average daily net assets | 1.02%
|--------------------------------------------------------- | -----
|Next $500 million of such net assets                      | .965%
|Over $1 billion of such net assets                        | .915%

For the period from October 1, 2006 through September 30, 2007, the
Advisor had contractually agreed to waive all or a portion of its
management fee and reimburse or pay certain operating expenses of the
Fund (excluding certain expenses such as extraordinary expenses, taxes,
brokerage, interest, proxy and organization and offering expenses) to the
extent necessary to maintain the operating expenses of each class as
follows:

|Class A | 1.65%
|------- | -----
|Class B | 2.40%
|Class C | 2.40%
|Class S | 1.40%

Effective October 1, 2007 through September 30, 2008, the Advisor has
contractually agreed to waive all or a portion of its management fee and
reimburse or pay certain operating expenses of the Fund (excluding
certain expenses such as extraordinary expenses, taxes, brokerage and
interest expenses) to the extent necessary to maintain the operating
expenses of each class as follows:

|Class A | 1.61%
|------- | -----
|Class B | 2.36%
|Class C | 2.36%
|Class S | 1.36%

Accordingly, for the year ended October 31, 2007, the Advisor waived a
portion of its management fee pursuant to the Investment Management
Agreement aggregating $36,565 and the amount charged aggregated
$8,369,658 which was equivalent to an annual effective rate of 1.01% of
the Fund's average daily net assets.

Administration Fee.Pursuant to an Administrative Services Agreement,
DIMA provides most administrative services to the Fund. For all services
provided under the Administrative Services Agreement, the Fund pays the
Advisor a fee ("Administration Fee") of 0.10% of the Fund's average daily
net assets, computed and accrued daily and payable monthly. For the year
ended October 31, 2007, the Advisor received an Administration Fee of
$829,828, of which $75,531 is unpaid.

Service Provider Fees. DWS Scudder Investments Service Company
("DWS-SISC"), an affiliate of the Advisor, is the transfer agent,
dividend-paying agent and shareholder service agent for the Fund. Prior to
April 1, 2007, DWS Scudder Service Corporation ("DWS-SSC"), an affiliate
of the Advisor, was the transfer agent, dividend-paying agent and
shareholder service agent for Class S shares of the Fund. Effective April 1,
2007, DWS-SSC merged with DWS-SISC. The Board of the Fund approved
a new transfer agency agreement between the Fund and DWS-SISC. The
new transfer agency agreement is identical in substance to the previous
transfer agency agreement for the Fund, except for the named transfer
agent. Pursuant to a sub-transfer agency agreement among DWS-SISC,
DWS-SSC (through March 31, 2007) and DST Systems, Inc. ("DST"),
DWS-SISC and DWS-SSC have delegated certain transfer agent and
dividend paying agent functions to DST. DWS-SISC and DWS-SSC
compensate DST out of the shareholder servicing fee they receive from
the Fund. For the year ended October 31, 2007, the amounts charged to
the Fund by DWS-SISC and DWS-SSC (through March 31, 2007) were as
follows:

|Services to Shareholders | Total
Aggregated | Waived         | Unpaid at
October 31,
2007
|------------------------ | ---------------- | -------------- | --------------------------
|Class A                  | $       578,285  | $       93,812 | $       97,386            
|Class B                  | 103,077          | 48,377         | 18,169                    
|Class C                  | 86,110           | 16,228         | 13,591                    
|Class S                  | 493,565          | 58,300         | 31,669                    
|                         | $    1,261,037   | $    216,717   | $    160,815              

Distribution and Service Fees. Under the Fund's Class B and Class C
12b-1 Plans, DWS Scudder Distributors, Inc., ("DWS-SDI"), an affiliate of
the Advisor, receives a fee ("Distribution Fee") of 0.75% of average daily
net assets of each of Class B and C shares. In accordance with the Fund's
Underwriting and Distribution Services Agreement, DWS-SDI enters into
related selling group agreements with various firms at various rates for
sales of Class B and C shares. For the year ended October 31, 2007, the
Distribution Fee was as follows:

|Distribution Fee | Total
Aggregated | Unpaid at
October 31,
2007
|---------------- | ---------------- | --------------------------
|Class B          | $       248,371  | $       19,051            
|Class C          | 283,948          | 26,580                    
|                 | $    532,319     | $    45,631               

In addition DWS-SDI provides information and administrative services for
a fee ("Service Fee") to Class A, B and C shareholders at an annual rate of
up to 0.25% of average daily net assets for each such class. DWS-SDI in
turn has various agreements with financial services firms that provide
these services and pays these fees based upon the assets of shareholder
accounts the firms service. For the year ended October 31, 2007, the
Service Fee was as follows:

|Service Fee | Total
Aggregated | Unpaid at
October 31,
2007 | Annual
Effective Rate
|----------- | ---------------- | -------------------------- | ---------------------
|Class A     | $       611,698  | $       62,800             | .24%                 
|Class B     | 81,358           | 6,151                      | .25%                 
|Class C     | 92,205           | 8,760                      | .24%                 
|            | $    785,261     | $    77,711                |                      

Underwriting Agreement and Contingent Deferred Sales Charge.
DWS-SDI is the principal underwriter for the Fund. Underwriting
commissions paid in connection with the distribution of Class A shares for
the year ended October 31, 2007, aggregated $67,700.

In addition, DWS-SDI receives any contingent deferred sales charge
("CDSC") from Class B share redemptions occurring within six years of
purchase and Class C share redemptions occurring within one year of
purchase. There is no such charge upon redemption of any share
appreciation or reinvested dividends. The CDSC is based on declining
rates ranging from 4% to 1% for Class B and 1% for Class C, of the value
of the shares redeemed. For the year ended October 31, 2007, the CDSC
for Class B and C shares aggregated $62,265 and $6,572, respectively. A
deferred sales charge of up to 1% is assessed on certain redemptions of
Class A shares. For the year ended October 31, 2007, DWS-SDI received
$2,749 for Class A shares.

Typesetting and Filing Service Fees. Under an agreement with DIMA,
DIMA is compensated for providing typesetting and certain regulatory
filing services to the Fund. For the year ended October 31, 2007, the
amount charged to the Fund by DIMA included in the Statement of
Operations under "reports to shareholders" aggregated $28,109, of which
$9,993 is unpaid.

Directors' Fees and Expenses. As compensation for his or her services,
each Independent Director receives an aggregated annual fee, plus a fee
for each meeting attended (plus reimbursement for reasonable
out-of-pocket expenses incurred in connection with his or her attendance
at board and committee meetings) from each Fund in the Fund Complex
for which he or she serves. In addition, the Chairperson of the Board and
the Chairperson of each committee of the Board receive additional
compensation for their services. Payment of such fees and expenses is
allocated among all such Funds described above in direct proportion to
their relative net assets.

Cash Management QP Trust. Pursuant to an Exemptive Order issued by
the SEC, the Fund may invest in the Cash Management QP Trust (the
"QP Trust") and other affiliated funds managed by the Advisor. The QP
Trust seeks to provide as high a level of current income as is consistent
with the preservation of capital and the maintenance of liquidity. The QP
Trust does not pay the Advisor a management fee for the affiliated funds'
investments in the QP Trust.

D. Line of Credit

The Fund and other affiliated Funds (the "Participants") share in
a $750 million revolving credit facility administered by JPMorgan Chase
Bank, N.A. for temporary or emergency purposes, including the meeting
of redemption requests that otherwise might require the untimely
disposition of securities. The Participants are charged an annual
commitment fee which is allocated, based upon net assets, among each
of the Participants. Interest is calculated at the Federal Funds Rate plus
0.35 percent. The Fund may borrow up to a maximum of 33 percent of its
net assets under the agreement.

E. Share Transactions

The following table summarizes share and dollar activity in the Fund:

|                                                               | Year Ended October 31, 2007 | Year Ended October 31, 2006
|-------------------------------------------------------------- | --------------------------- | ---------------------------
|                                                               | Shares                      | Dollars                    
|Shares sold                                                   
|Class A                                                        | 2,346,267                   | $       104,148,490        
|Class B                                                        | 232,128                     | 9,556,503                  
|Class C                                                        | 369,531                     | 15,250,064                 
|Class AARP*                                                    |                            |                           
|Class S                                                        | 1,663,107                   | 75,663,618                 
|                                                               |                             | $    204,618,675           
|Shares issued to shareholders in reinvestment of distributions
|Class A                                                        | 553,129                     | $       22,788,943         
|Class B                                                        | 96,682                      | 3,674,884                  
|Class C                                                        | 91,890                      | 3,510,195                  
|Class AARP*                                                    |                            |                           
|Class S                                                        | 1,129,402                   | 47,640,087                 
|                                                               |                             | $    77,614,109            
|Shares redeemed                                               
|Class A                                                        | (1,646,772)                 | $       (72,657,528)       
|Class B                                                        | (430,180)                   | (17,557,511)               
|Class C                                                        | (255,594)                   | (10,461,878)               
|Class AARP*                                                    |                            |                           
|Class S                                                        | (1,752,997)                 | (80,055,368)               
|                                                               |                             | $    (180,732,285)         
|Shares converted*                                             
|Class AARP                                                     |                            | $                         
|Class S                                                        |                            |                           
|                                                               |                             | $                         
|Redemption fees                                                |                             | $    37,807                
|Net increase (decrease)                                       
|Class A                                                        | 1,252,624                   | $       54,285,423         
|Class B                                                        | (101,370)                   | (4,307,786)                
|Class C                                                        | 205,827                     | 8,298,651                  
|Class AARP*                                                    |                            |                           
|Class S                                                        | 1,039,512                   | 43,262,018                 
|                                                               |                             | $    101,538,306           

Report of Independent Registered
Public Accounting Firm

To the Board of Directors of DWS Global/International Fund, Inc. and
Shareholders of DWS Global Opportunities Fund:

In our opinion, the accompanying statement of assets and liabilities,
including the investment portfolio, and the related statements of
operations and of changes in net assets and the financial highlights
present fairly, in all material respects, the financial position of DWS Global
Opportunities Fund (the "Fund") at October 31, 2007, the results of its
operations, the changes in its net assets and the financial highlights for
each of the periods indicated therein, in conformity with accounting
principles generally accepted in the United States of America. These
financial statements and financial highlights (hereafter referred to as
"financial statements") are the responsibility of the Fund's management.
Our responsibility is to express an opinion on these financial statements
based on our audits. We conducted our audits of these financial
statements in accordance with the standards of the Public Company
Accounting Oversight Board (United States). Those standards require that
we plan and perform the audit to obtain reasonable assurance about
whether the financial statements are free of material misstatement. An
audit includes examining, on a test basis, evidence supporting the
amounts and disclosures in the financial statements, assessing the
accounting principles used and significant estimates made by
management, and evaluating the overall financial statement presentation.
We believe that our audits, which included confirmation of securities at
October 31, 2007by correspondence with the custodian and brokers,
provide a reasonable basis for our opinion.

|Boston, Massachusetts
December 21, 2007 | PricewaterhouseCoopers LLP
|--------------------------------------- | --------------------------

Tax Information(Unaudited)

The Fund paid distributions of $4.86 per share from net long-term capital
gains during its year ended October 31, 2007, of which 100% represents
15% rate gains.

Pursuant to Section 852 of the Internal Revenue Code, the Fund
designates $54,548,000 as capital gain dividends for its year ended
October 31, 2007, of which 100% represents 15% rate gains.

The Fund paid foreign taxes of $639,004 and earned $3,107,944 of foreign
source income during the year ended October 31, 2007. Pursuant to
Section 853 of the Internal Revenue Code, the Fund designates $0.03 per
share as foreign taxes paid and $0.16 per share as income earned from
foreign sources for the year ended October 31, 2007.

For federal income tax purposes, the Fund designates $12,958,000, or the
maximum amount allowable under tax law, as qualified dividend income.

Please consult a tax advisor if you have questions about federal or state
income tax laws, or on how to prepare your tax returns. If you have
specific questions about your account, please call (800) 621-1048.

Investment Management Agreement
Approval

The Fund's Directors approved the continuation of the Fund's current
investment management agreement with DIMA in September 2007.

In terms of the process that the Directors followed prior to approving the
agreement, shareholders should know that:

At the present time, all but one of your Fund's Directors are
independent of DIMA and its affiliates.

The Directors meet frequently to discuss fund matters. Each year, the
Directors dedicate part or all of several meetings to contract review
matters. In connection with reviewing the Fund's investment
management agreement, the Directors also review the terms of the
Fund's Rule 12b-1 plan, distribution agreement, administration
agreement, transfer agency agreement and other material service
agreements.

In connection with the Board's 2007 contract review, the Board formed
a special committee to facilitate careful review of the funds'
contractual arrangements. After reviewing the Fund's arrangements,
that committee recommended that the Board vote to approve the
continuation of the Fund's investment management agreement.

The Directors regularly meet privately with their independent counsel
to discuss contract review and other matters. In addition, the Directors
were also advised by two consultants, including the Fund's
independent fee consultant, in the course of their 2007 review of the
Fund's contractual arrangements. In particular, the Directors
considered the report prepared by the independent fee consultant in
connection with their deliberations.

The Directors believe that a long-term relationship with a capable,
conscientious advisor is in the best interest of shareholders. As you may
know, DIMA is part of Deutsche Bank, a major global banking institution
that is engaged in a wide range of financial services. The Directors believe
that there are significant advantages to being part of a global asset
management business that offers a wide range of investing expertise and
resources, including hundreds of portfolio managers and analysts with
research capabilities in many countries throughout the world.

Shareholders may focus primarily on fund performance and fees, but the
Fund's Directors consider these and many other factors, including the
quality and integrity of DIMA's personnel and such other issues as
back-office operations, fund valuations and compliance policies and
procedures.

In determining to approve the continuation of the Fund's current
investment management agreement, the Board considered all factors that
it believes relevant to the interests of Fund shareholders, including:

The investment management fee schedule for the Fund, including
(i) comparative information provided by Lipper regarding investment
management fee rates paid to other investment advisors by similar
funds and (ii) fee rates paid to DIMA by similar funds and
institutional accounts advised by DIMA (if any).With respect to
management fees paid to other investment advisors by similar funds,
the Directors noted that the contractual fee rates to be paid by the
Fund are expected to be higher than the (4th quartile) of the applicable
Lipper peer group (based on Lipper data provided as of December 31,
2006). The Board noted that DIMA agreed to accept the introduction
of new breakpoints in the Fund's investment management fee
schedule in 2007. The Board gave a lesser weight to fees paid by
similar institutional accounts advised by DIMA, in light of the material
differences in the scope of services provided to mutual funds as
compared to those provided to institutional accounts. Taking into
account the foregoing, the Board concluded that the fee schedule in
effect for the Fund represents reasonable compensation in light of the
nature, extent and quality of the investment services being provided to
the Fund.

The extent to which economies of scale would be realized as the
Fund grows.In this regard, the Board noted that the Fund's
investment management fee schedule includes fee breakpoints. The
Board concluded that the Fund's fee schedule represents an
appropriate sharing between Fund shareholders and DIMA of such
economies of scale as may exist in the management of the Fund at
current asset levels.

The total operating expenses of the Fund.In this regard, the Board
noted that the total (net) operating expenses of the Fund (Class A
shares) are expected to be higher than the median (3rd quartile) of the
applicable Lipper expense universe (based on Lipper data provided as
of December 31, 2006, and in each case analyzing Class A expenses
less any applicable distribution and/or service plan expenses). The
Board considered the expenses of this class to be representative for
purposes of evaluating other classes of shares. The Board also noted
that the expense limitations agreed to by DIMA helped to ensure that
the Fund's total (net) operating expenses would be competitive relative
to the applicable Lipper universe.

The investment performance of the Fund and DIMA, both absolute
and relative to various benchmarks and industry peer groups.The
Board noted that for the one-, three- and five-year periods ended
December 31, 2006, the Fund's performance (Class S shares) was in
the 2nd quartile, 1st quartile and 1st quartile, respectively, of the
applicable Lipper universe. The Board also observed that the Fund has
outperformed its benchmark in the three-year period ended
December 31, 2006 and has underperformed its benchmark in the
one- and five-year periods ended December 31, 2006. The Board
recognized that DIMA has made significant changes in its investment
personnel and processes in recent years in an effort to improve
long-term performance.

The nature, extent and quality of the advisory services provided by
DIMA.The Board considered extensive information regarding DIMA,
including DIMA's personnel (including particularly those personnel with
responsibilities for providing services to the Fund), resources, policies
and investment processes. The Board also considered the terms of
the current investment management agreement, including the scope
of services provided under the agreement. In this regard, the Board
concluded that the quality and range of services provided by DIMA
have benefited and should continue to benefit the Fund and its
shareholders.

The costs of the services to, and profits realized by, DIMA and its
affiliates from their relationships with the Fund.The Board reviewed
information concerning the costs incurred and profits realized by DIMA
during 2006 from providing investment management services to the
Fund (and, separately, to the entire DWS Scudder fund complex), and
reviewed with DIMA the cost allocation methodology used to
determine DIMA's profitability. In analyzing DIMA's costs and profits,
the Board also reviewed the fees paid to and services provided by
DIMA and its affiliates with respect to administrative services, transfer
agent services, shareholder servicing and distribution (including fees
paid pursuant to 12b-1 plans), as well as information regarding other
possible benefits derived by DIMA and its affiliates as a result of
DIMA's relationship with the Fund. As part of this review, the Board
considered information provided by an independent accounting firm
engaged to review DIMA's cost allocation methodology and
calculations. The Board concluded that the Fund's investment
management fee schedule represented reasonable compensation in
light of the costs incurred by DIMA and its affiliates in providing
services to the Fund. The Board also reviewed information regarding
the profitability of certain similar investment management firms. The
Board noted that while information regarding the profitability of such
firms is limited (and in some cases is not necessarily prepared on a
comparable basis), DIMA and its affiliates' overall profitability with
respect to the DWS Scudder fund complex (after taking into account
distribution and other services provided to the funds by DIMA and its
affiliates) was lower than the overall profitability levels of many
comparable firms for which such data was available.

The practices of DIMA regarding the selection and compensation of
brokers and dealers executing portfolio transactions for the Fund.The Board considered that a portion of the Fund's brokerage may be
allocated to affiliates of DIMA, subject to compliance with applicable
SEC rules. The Board also considered that, subject to ongoing review
by the Board, a limited portion of the Fund's brokerage may be
allocated to brokers who acquire (and provide to DIMA and its
affiliates) research services from third parties that are generally useful
to DIMA and its affiliates in managing client portfolios. The Board
indicated that it would continue to monitor the allocation of the Fund's
brokerage to ensure that the principle of "best price and execution"
remains paramount in the portfolio trading process.

DIMA's commitment to and record of compliance, including its
written compliance policies and procedures.In this regard, the Board
considered DIMA's commitment to indemnify the Fund against any
costs and liabilities related to lawsuits or regulatory actions arising
from allegations regarding market timing, revenue sharing, fund
valuation or other subjects arising from or relating to pending
regulatory inquiries. The Board also considered the significant attention
and resources dedicated by DIMA to documenting and enhancing its
compliance processes in recent years. The Board noted in particular
(i) the experience and seniority of DIMA's chief compliance officer; (ii)
the large number of compliance personnel who report to DIMA's chief
compliance officer; and (iii) the substantial commitment of resources
by DIMA and its affiliates to compliance matters.

Deutsche Bank's commitment to its US mutual fund business.The
Board considered recent and ongoing efforts by Deutsche Bank to
restructure its US mutual fund business to improve efficiency and
competitiveness and to reduce compliance and operational risk. The
Board considered assurances received from Deutsche Bank that it
would commit the resources necessary to maintain high-quality
services to the Fund and its shareholders. The Board also considered
Deutsche Bank's strategic plans for its US mutual fund business, the
potential benefits to Fund shareholders and Deutsche Bank's
management of one of Europe's most successful fund groups.

Based on all of the foregoing, the Board determined to continue the
Fund's current investment management agreement, and concluded that
the continuation of such agreement was in the best interests of the
Fund's shareholders.

In reaching this conclusion the Board did not give particular weight to any
single factor identified above. The Board considered these factors over the
course of numerous meetings, many of which were in executive session
with only the Independent Directors and their counsel present. It is
possible that individual Directors may have weighed these factors
differently in reaching their individual decisions to approve the
continuation of the current agreement.

Summary of Management Fee Evaluation
by Independent Fee Consultant

October 26, 2007

Pursuant to an Order entered into by Deutsche Investment Management
Americas and affiliates (collectively, "DeAM") with the Attorney General
of New York, I, Thomas H. Mack, have been appointed the Independent
Fee Consultant for the DWS Scudder Funds. My duties include preparing
an annual written evaluation of the management fees DeAM charges the
Funds, considering among other factors the management fees charged by
other mutual fund companies for like services, management fees DeAM
charges other clients for like services, DeAM's costs of supplying services
under the management agreements and related profit margins, possible
economies of scale if a Fund grows larger, and the nature and quality of
DeAM's services, including fund performance. This report summarizes my
evaluation for 2007, including my qualifications, the evaluation process for
each of the DWS Scudder Funds, consideration of certain complex-level
factors, and my conclusions.

Qualifications

For more than 30 years I have served in various professional capacities
within the investment management business. I have held investment
analysis and advisory positions, including securities analyst, portfolio
strategist and director of investment policy with a large investment firm. I
have also performed business management functions, including business
development, financial management and marketing research and analysis.

Since 1991, I have been an independent consultant within the asset
management industry. I have provided services to over 125 client
organizations, including investment managers, mutual fund boards,
product distributors and related organizations. Over the past several years
I have completed a number of assignments for mutual fund boards,
specifically including assisting boards with management contract renewal.

I hold a Master of Business Administration degree, with highest honors,
from Harvard University; and Master of Science and Bachelor of Science
(highest honors) degrees from the University of California at Berkeley. I
am an independent director and audit committee financial expert for two
closed-end mutual funds, serve on the board of directors of a private
market research company, and have served in various leadership and
financial oversight capacities with non-profit organizations.

Evaluation of Fees for each DWS Scudder Fund

My work focused primarily on evaluating, fund-by-fund, the fees charged
to each of the 136 Fund portfolios in the DWS Scudder Fund family. For
each Fund, I considered each of the key factors mentioned above, as well
as any other relevant information. In doing so I worked closely with the
Funds' Independent Directors in their annual contract renewal process, as
well as in their approval of contracts for several new funds (documented
separately).

In evaluating each Fund's fees, I reviewed comprehensive materials
provided by or on behalf of DeAM, including expense information
prepared by Lipper Analytical, comparative performance information,
profitability data, manager histories, and other materials. I also accessed
certain additional information from the Lipper, Strategic Insight, and
Morningstar databases and drew on my industry knowledge and
experience.

To facilitate evaluating this considerable body of information, I prepared
for each Fund a document summarizing the key data elements in each
area as well as additional analytics discussed below. This made it possible
to consider each key data element in the context of the others.

In the course of contract renewal, DeAM agreed to implement a number
of fee and expense adjustments requested by the Independent Directors
which will favorably impact future fees and expenses, and my evaluation
includes the effects of these changes.

Fees and Expenses Compared with Other Funds

The competitive fee and expense evaluation for each fund focused on two
primary comparisons:

The Fund's contractual management fee (the advisory fee plus the
administration fee where applicable) compared with those of a group of
typically 12-15 funds in the same Lipper investment category (e.g.
Large Capitalization Growth) having similar distribution arrangements
and being of similar size.

The Fund's total expenses compared with a broader universe of funds
from the same Lipper investment category and having similar
distribution arrangements.

These two comparisons provide a view of not only the level of the fee
compared with funds of similar scale but also the total expense the Fund
bears for all the services it receives, in comparison with the investment
choices available in the Fund's investment category and distribution
channel. The principal figure-of-merit used in these comparisons was the
subject Fund's percentile ranking against peers.

DeAM's Fees for Similar Services to Others

DeAM provided management fee schedules for all of its US domiciled
fund and non-fund investment management accounts in any of the
investment categories where there is a DWS Scudder Fund. These similar
products included the other DWS Scudder Funds, non-fund pooled
accounts, institutional accounts and sub-advisory accounts. Using this
information, I calculated for each Fund the fee that would be charged to
each similar product, at the subject Fund's asset level.

Evaluating information regarding non-fund products is difficult because
there are varying levels of services required for different types of
accounts, with mutual funds generally requiring considerably more
regulatory and administrative types of service as well as having more
frequent cash flows than other types of accounts. Also, while mutual fund
fees for similar fund products can be expected to be similar, there will be
some differences due to different pricing conditions in different
distribution channels (e.g. retail funds versus those used in variable
insurance products), differences in underlying investment processes and
other factors.

Costs and Profit Margins

DeAM provided a detailed profitability analysis for each Fund. After
making some adjustments so that the presentation would be more
comparable to the available industry figures, I reviewed profit margins
from investment management alone, from investment management plus
other fund services (excluding distribution) provided to the Funds by
DeAM (principally shareholder services), and DeAM profits from all
sources, including distribution. A later section comments on overall
profitability.

Economies of Scale

Economies of scale  an expected decline in management cost per dollar
of fund assets as fund assets grow  are very rarely quantified and
documented because of inherent difficulties in collecting and analyzing
relevant data. However, in virtually every investment category that I
reviewed, larger funds tend to have lower fees and lower total expenses
than smaller funds. To see how each DWS Scudder Fund compares with
this industry observation, I reviewed:

The trend in Fund assets over the last five years and the accompanying
trend in total expenses. This shows if the Fund has grown and, if so,
whether total expense (management fees as well as other expenses)
have declined as a percent of assets.

Whether the Fund has break-points in its management fee schedule,
the extent of the fee reduction built into the schedule and the asset
levels where the breaks take effect, and in the case of a sub-advised
Fund how the Fund's break-points compare with those of the
sub-advisory fee schedule.

How the Fund's contractual fee schedule compares with trends in the
industry data. To accomplish this, I constructed a chart showing how
actual latest-fiscal-year contractual fees of the Fund and of other similar
funds relate to average fund assets, with the subject Fund's contractual
fee schedule superimposed.

Quality of Service  Performance

The quality-of-service evaluation focused on investment performance,
which is the principal result of the investment management service. Each
Fund's performance was reviewed over the past 1, 3, 5 and 10 years, as
applicable, and compared with that of other funds in the same investment
category and with a suitable market index.

In addition, I calculated and reviewed risk-adjusted returns relative to an
index of similar mutual funds' returns and a suitable market index. The
risk-adjusted returns analysis provides a way of determining the extent to
which the Fund's return comparisons are mainly the product of investment
value-added (or lack thereof) or alternatively taking considerably more or
less risk than is typical in its investment category.

I also received and considered the history of portfolio manager changes
for each Fund, as this provided an important context for evaluating the
performance results.

Complex-Level Considerations

While this evaluation was conducted mainly at the individual fund level,
there are some issues relating to the reasonableness of fees that can
alternatively be considered across the whole fund complex:

I reviewed DeAM's profitability analysis for all DWS Scudder funds,
with a view toward determining if the allocation procedures used were
reasonable and how profit levels compared with public data for other
investment managers.

I considered whether DeAM and affiliates receive any significant
ancillary or "fall-out" benefits that should be considered in interpreting
the direct profitability results. These would be situations where serving
as the investment manager of the Funds is beneficial to another part of
the Deutsche Bank organization.

I considered how aggregated DWS Scudder Fund expenses had varied
over the years, by asset class and in the context of trends in asset
levels.

I reviewed the structure of the DeAM organization, trends in staffing
levels, and information on compensation of investment management
and other professionals compared with industry data.

Findings

Based on the process and analysis discussed above, which included
reviewing a wide range of information from management and external
data sources and considering among other factors the fees DeAM
charges other clients, the fees charged by other fund managers, DeAM's
costs and profits associated with managing the Funds, economies of
scale, possible fall-out benefits, and the nature and quality of services
provided, in my opinion the management fees charged the DWS Scudder
Funds are reasonable.

gof_m0Thomas H. Mack

Directors and Officers

The following table presents certain information regarding the Board
Members and Officers of the fund as of October 31, 2007. Each Board
Member's year of birth is set forth in parentheses after his or her name.
Unless otherwise noted, (i) each Board Member has engaged in the
principal occupation(s) noted in the table for at least the most recent five
years, although not necessarily in the same capacity; and (ii) the address
of each Independent Board Member is c/o Dawn-Marie Driscoll, PO Box
100176, Cape Coral, FL 33904. The term of office for each Board Member
is until the election and qualification of a successor, or until such Board
Member sooner dies, resigns, is removed or as otherwise provided in the
governing documents of the fund. Because the fund does not hold an
annual meeting of shareholders, each Board Member will hold office for
an indeterminate period. The Board Members may also serve in similar
capacities with other funds in the fund complex.

|Independent Board Members                                              
|-----------------------------------------------------------------------
|Name, Year of
Birth, Position
with the Fund
and Length of
Time Served  
|Dawn-Marie
Driscoll (1946)Chairperson
since 2004Board Member
since 1987
|Henry P. Becton,
Jr. (1943)Board Member
since 1990                     
|Keith R. Fox
(1954)Board Member
since 1996                             
|Kenneth C.
Froewiss (1945)Board Member
since 2005                      
|Martin J. Gruber
(1937)Board Member
since 2006                         
|Richard J.
Herring (1946)Board Member
since 2006                       
|Graham E. Jones
(1933)Board Member
since 2006                          
|Rebecca W.
Rimel (1951)Board Member
since 2006                         
|Philip Saunders,
Jr. (1935)Board Member
since 2006                     
|William N.
Searcy, Jr. (1946)Board Member
since 2006                   
|Jean Gleason
Stromberg (1943)Board Member
since 1997                   
|Carl W. Vogt
(1936)Board Member
since 2002                             

|Interested Board Member                                              
|---------------------------------------------------------------------
|Name, Year of
Birth, Position
with the Fund
and Length of
Time Served
|Axel Schwarzer2(1958)Board Member
since 2006                         

|Officers3                                                                           
|------------------------------------------------------------------------------------
|Name, Year of Birth,
Position with the Fund and
Length of Time Served               
|Michael G. Clark5 (1965)President, 2006-present                                     
|John Millette6 (1962)Vice President and Secretary,
1999-present                     
|Paul H. Schubert5 (1963)Chief Financial Officer,
2004-presentTreasurer, 2005-present
|Patricia DeFilippis5(1963)Assistant Secretary,
2005-present                         
|Elisa D. Metzger5 (1962)Assistant Secretary
2005-present                            
|Caroline Pearson6 (1962)Assistant Secretary,
1997-present                           
|Paul Antosca6 (1957)Assistant Treasurer,
2007-present                               
|Kathleen Sullivan D'Eramo6
(1957)Assistant Treasurer,
2003-present                  
|Jason Vazquez4 (1972)Anti-Money Laundering
Compliance Officer,
2007-present         
|Robert Kloby5 (1962)Chief Compliance Officer,
2006-present                          
|J. Christopher Jackson5
(1951)Chief Legal Officer,
2006-present                     

The fund's Statement of Additional Information ("SAI") includes additional information about
the Board Members. The SAI is available, without charge, upon request. If you would like to
request a copy of the SAI, you may do so by calling the following toll-free number:
(800) 621-1048.

Account Management Resources

|                      
|----------------------
|For More
Information  
|Web Site              
|Written
Correspondence
|Proxy Voting          
|Principal
Underwriter 

|              | Class A    | Class B    | Class C    | Class S   
|------------- | ---------- | ---------- | ---------- | ----------
|Nasdaq Symbol | KGDAX      | KGDBX      | KGDCX      | SGSCX     
|CUSIP Number  | 233379 106 | 233379 205 | 233379 304 | 233379 502
|Fund Number   | 083        | 283        | 383        | 2010      

Notes

Notes

Notes

Notes

Notes

Notes

Notes

gof_backcover0

ITEM 2.
        CODE OF ETHICSAs of the end of the period, October 31, 2007, DWS Global Opportunities Fund has a code of ethics, as defined in Item 2 of Form N-CSR, that applies to its Principal Executive Officer and Principal Financial Officer.

There have been no amendments to, or waivers from, a provision of the code of ethics during the period covered by this report that would require disclosure under Item 2.

A copy of the code of ethics is filed as an exhibit to this Form N-CSR.ITEM 3.
        AUDIT COMMITTEE FINANCIAL EXPERTThe Funds audit committee is comprised solely of trustees who are independent (as such term has been defined by the Securities and Exchange Commission (SEC) in regulations implementing Section 407 of the Sarbanes-Oxley Act (the Regulations)). The Funds Board of Trustees has determined that there are several audit committee financial experts serving on the Funds audit committee. The Board has determined that Keith R Fox, the chair of the Funds audit committee, qualifies as an audit committee financial expert (as such term has been defined by the Regulations) based on its review of Mr. Foxs pertinent experience and education. The SEC has stated that the designation or identification of a person as an audit committee financial expert
pursuant to this Item 3 of Form N-CSR does not impose on such person any duties, obligations or liability that are greater than the duties, obligations and liability imposed on such person as a member of the audit committee and board of directors in the absence of such designation or identification.ITEM 4.
        PRINCIPAL ACCOUNTANT FEES AND SERVICES
  DWS GLOBAL OPPORTUNITIES FUND FORM N-CSR DISCLOSURE RE: AUDIT FEES The following table shows the amount of fees that PricewaterhouseCoopers, LLP (PWC), the Funds independent registered public accounting firm, billed to the Fund during the Funds last two fiscal years.  The Audit Committee approved in advance all audit services and non-audit services that PWC provided to the Fund. The Audit Committee has delegated certain pre-approval responsibilities to its Chairman (or, in his absence, any other member of the Audit Committee). Services that the Funds Independent Registered Public Accounting Firm Billed to the Fund  Fiscal YearEndedOctober 31,
        Audit Fees Billed to Fund
        Audit-RelatedFees Billed to Fund
        Tax Fees Billed to Fund
        AllOther Fees Billed to Fund2007
        $64,175
        $0
        $0
        $02006
        $66,500
        $128
        $0
        $0
  The above Audit- Related Fees were billed for agreed upon procedures performed.   Services that the Funds Independent Registered Public Accounting Firm Billed to the Adviser and Affiliated Fund Service Providers

The following table shows the amount of fees billed by PWC to Deutsche Investment Management Americas, Inc. (DeIM or the Adviser), and any entity controlling, controlled by or under common control with DeIM (Control Affiliate) that provides ongoing services to the Fund (Affiliated Fund Service Provider), for engagements directly related to the Funds operations and financial reporting, during the Funds last two fiscal years.




Fiscal YearOctober 31,
        Audit-RelatedFees Billedto Adviser and Affiliated Fund Service Providers
        Tax Fees Billed to Adviser and Affiliated Fund Service Providers
        AllOther Fees Billed to Adviser and Affiliated Fund Service Providers2007
        $58,500
        $25,000
        $02006
        $155,500
        $11,930
        $0



The Audit-Related Fees were billed for services in connection with the agreed-upon procedures related to fund mergers and additional costs related to annual audits and the above Tax Fees were billed in connection with tax consultation and agreed-upon procedures.

Non-Audit Services

The following table shows the amount of fees that PWC billed during the Funds last two fiscal years for non-audit services. The Audit Committee pre-approved all non-audit services that PWC provided to the Adviser and any Affiliated Fund Service Provider that related directly to the Funds operations and financial reporting. The Audit Committee requested and received information from PWC about any non-audit services that PWC rendered during the Funds last fiscal year to the Adviser and any Affiliated Fund Service Provider.  The Committee considered this information in evaluating PWCs independence.




Fiscal YearEndedOctober 31,
        TotalNon-Audit Fees Billed to Fund
(A)
        Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (engagements related directly to the operations and financial reporting of the Fund)
(B)
        Total Non-Audit Fees billed to Adviser and Affiliated Fund Service Providers (all other engagements)
(C)
        Total of (A), (B)and (C)2007
        $0
        $25,000
        $0
        $25,0002006
        $0
        $11,930
        $0
        $11,930



All other engagement fees were billed for services in connection with industry updates for DeIM and other related entities that provide support for the operations of the fund.





ITEM 5.
        AUDIT COMMITTEE OF LISTED REGISTRANTSNot ApplicableITEM 6.
        SCHEDULE OF INVESTMENTSNot ApplicableITEM 7.
        DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.ITEM 8.
        PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.




ITEM 9.
        PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERSNot Applicable.




ITEM 10.
        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSThe Committee on Independent Trustees/Directors selects and nominates Independent Trustees/Directors. Fund shareholders may submit nominees that will be considered by the committee when a Board vacancy occurs. Submissions should be mailed to: c/o Dawn-Marie Driscoll, PO Box 100176, Cape Coral, FL 33910.ITEM 11.
        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 half-year (the registrants second fiscal half-year in the case of the annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal controls over financial reporting.ITEM 12.
        EXHIBITS(a)(1)     Code of Ethics pursuant to Item 2 of Form N-CSR is filed and attached hereto as EX-99.CODE ETH.(a)(2)     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.(b)          Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.


Form N-CSR Item F  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.  Registrant:
        DWS Global Opportunities Fund, a series of DWS Global/International Fund, Inc.
  By:
        /s/Michael G. Clark
 Michael G. Clark
 President  Date:
        December 28, 2007
   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.  Registrant:
        DWS Global Opportunities Fund, a series of DWS Global/International Fund, Inc.
  By:
        /s/Michael G. Clark
 Michael G. Clark
 President  Date:
        December 28, 2007
   By:
        /s/Paul Schubert
 Paul Schubert
 Chief Financial Officer and Treasurer  Date:
        December 28, 2007