UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

**FORM N-Q**

**QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED**

**MANAGEMENT INVESTMENT COMPANY**

**_______________________________**

Investment Company Act file number  811-21949

DWS Dreman Value Income Edge Fund, Inc.

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154

(Name and address of agent for service)

Registrant's telephone number, including area code:  (212) 454-7190

Date of fiscal year end:  09/30

Date of reporting period: 12/31/07

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of December 31, 2007  (Unaudited)** |
|----------------------|------------------------------------------|

 

 

**DWS Dreman Value Income Edge Fund, Inc.**

 

|                      | **Shares**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | **Value ($)** |
|---------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|                           |
| **Long Positions 133.3%** |  
**Common Stocks 40.7%**

 
**Consumer Discretionary 2.1%**

 
**Automobiles 0.1%**

 
Harley-Davidson, Inc.  

 

20,800 

 

**971,568**

**Hotels Restaurants & Leisure 0.1%**

 
Centerplate, Inc. (IDS) (Units)  

 

133,800 

 

**1,206,876**

**Household Durables 0.1%**

 
Whirlpool Corp.  

 

12,000 

 

**979,560**

**Media 0.6%**

 
CBS Corp. "B"  

 

36,400 

 

991,900 

 

 

 

 

Cinram International Income Fund (Units) (a)  

 

364,300 

 

2,118,732 

Gannett Co., Inc.  

 

25,500 

 

994,500 

Liberty Media Corp. - Capital "A"*  

 

8,400 

 

978,516 

 

**5,083,648**

**Multiline Retail 0.5%**

 
J.C. Penney Co., Inc.  

 

22,700 

 

998,573 

Kohl's Corp.*  

 

21,800 

 

998,440 

Macy's, Inc.  

 

39,200 

 

1,014,104 

Nordstrom, Inc.  

 

27,200 

 

999,056 

 

**4,010,173**

**Specialty Retail 0.6%**

 
AutoZone, Inc.*  

 

8,200 

 

983,262 

Home Depot, Inc.  

 

36,600 

 

986,004 

Limited Brands, Inc.  

 

52,900 

 

1,001,397 

Lowe's Companies, Inc.  

 

42,400 

 

959,087 

The Sherwin-Williams Co.  

 

16,900 

 

980,876 

 

**4,910,626**

**Textiles, Apparel & Luxury Goods 0.1%**

 
VF Corp.  

 

13,900 

 

**954,374**

**Energy 24.1%**

 
**Energy Equipment & Services 0.4%**

 
ENSCO International, Inc.  

 

16,400 

 

977,768 

Grant Prideco, Inc.*  

 

17,500 

 

971,425 

Noble Corp.  

 

17,500 

 

988,925 

Transocean, Inc.*  

 

6,700 

 

959,105 

 

**3,897,223**

**Oil, Gas & Consumable Fuels 23.7%**

 
Anadarko Petroleum Corp.  

 

14,800 

 

972,212 

Apache Corp.  

 

9,200 

 

989,368 

ARC Energy Trust (Units) (a)

 

766,900 

 

15,851,624 

Bonavista Energy Trust (Units) (a)  

 

606,500 

 

17,513,805 

BP Prudhoe Bay Royalty Trust (a) 

 

98,900 

 

7,931,780 

Chesapeake Energy Corp.  

 

25,100 

 

983,920 

Chevron Corp.  

 

10,500 

 

979,965 

ConocoPhillips  

 

11,100 

 

980,130 

Cresent Point Energy Trust (Units) (a)  

 

971,600 

 

24,424,131 

Devon Energy Corp.  

 

10,900 

 

969,119 

Double Hull Tankers, Inc.  

 

1,039,000 

 

12,717,360 

EnCana Corp.  

 

14,300 

 

971,828 

ExxonMobil Corp.  

 

10,500 

 

983,745 

Fairborne Energy Ltd.  

 

2,013,900 

 

13,365,464 

Freehold Royalty Trust (Units) (a)  

 

592,300 

 

9,362,055 

Frontier Oil Corp.  

 

23,300 

 

945,514 

Frontline Ltd. (a)  

 

222,700 

 

10,689,600 

Harvest Energy Trust (Units) (a)  

 

1,116,200 

 

23,183,474 

Hess Corp.  

 

9,600 

 

968,256 

Marathon Oil Corp. (a) (b)

 

30,700 

 

1,868,402 

NAL Oil & Gas Trust (Units)  

 

1,045,700 

 

12,290,511 

Occidental Petroleum Corp.  

 

12,600 

 

970,074 

Pengrowth Energy Trust (Units) (a)  

 

1,333,500 

 

23,696,295 

Penn West Energy Trust (Units)  

 

530,300 

 

13,787,800 

Sunoco, Inc.  

 

13,800 

 

999,672 

Tesoro Corp. (a)  

 

20,300 

 

968,310 

 

 

 

 

Valero Energy Corp. (a)  

 

14,000 

 

980,420 

 

**200,344,834**

**Financials 5.1%**

 
**Capital Markets 0.3%**

 
American Capital Strategies Ltd.  

 

29,500 

 

972,320 

Lehman Brothers Holdings, Inc.  

 

15,300 

 

1,001,232 

Morgan Stanley  

 

18,400 

 

977,224 

 

**2,950,776**

**Commercial Banks 1.0%**

 
Comerica, Inc.  

 

22,400 

 

975,072 

Fifth Third Bancorp.  

 

38,900 

 

977,557 

KeyCorp.  

 

41,500 

 

973,175 

M&T Bank Corp.  

 

12,100 

 

986,997 

PNC Financial Services Group, Inc. (a)  

 

15,000 

 

984,750 

SunTrust Banks, Inc.  

 

15,800 

 

987,342 

US Bancorp.  

 

31,000 

 

983,940 

Wachovia Corp.  

 

25,600 

 

973,568 

Wells Fargo & Co.  

 

32,400 

 

978,156 

 

**8,820,557**

**Consumer Finance 0.1%**

 
Capital One Financial Corp.  

 

21,000 

 

**992,460**

**Diversified Financial Services 0.5**

 
Bank of America Corp.  

 

23,700 

 

977,862 

Citigroup, Inc.  

 

66,400

 

1,954,816

JPMorgan Chase & Co.  

 

22,500 

 

982,125 

 

**3,914,803**

**Insurance 1.7**

 
ACE Ltd.  

 

16,000 

 

988,480 

Allstate Corp.  

 

18,900 

 

987,147 

American International Group, Inc.  

 

16,900 

 

985,270 

Assurant, Inc.  

 

14,500 

 

970,050 

Chubb Corp.  

 

18,100 

 

987,898 

Cincinnati Financial Corp.  

 

24,800

 

980,592

CNA Financial Corp.  

 

29,500 

 

994,740 

Hartford Financial Services Group, Inc.  

 

11,200 

 

976,528 

Lincoln National Corp.  

 

17,000 

 

989,740 

Loews Corp.  

 

20,100 

 

1,011,834 

MetLife, Inc.  

 

16,000 

 

985,920 

Progressive Corp.  

 

52,400 

 

1,003,984 

The Travelers Companies, Inc.  

 

18,100 

 

973,780 

W.R. Berkley Corp.  

 

33,000 

 

983,730 

 

**13,819,693**

**Real Estate Investment Trusts 0.7%**

 
American Financial Realty Trust (REIT)  

 

723,300 

 

**5,800,866**

**Thrifts & Mortgage Finance 0.8%**

 
Fannie Mae  

 

49,700 

 

1,987,006 

Freddie Mac  

 

58,200 

 

1,982,874 

Sovereign Bancorp, Inc.  

 

85,100 

 

970,140 

Washington Mutual, Inc. (a) (b) 

 

150,000

 

2,041,500

 

**6,981,520**

 

 

 

 

**Health Care 0.6%**

 
**Biotechnology 0.1%**

 
Amgen, Inc.*  

 

20,700 

 

**961,308**

**Health Care Providers & Services 0.1%**

 
CIGNA Corp.  

 

18,000 

 

**967,140**

**Pharmaceuticals 0.4%**

 
Forest Laboratories, Inc.*  

 

26,700 

 

973,215 

Pfizer, Inc.  

 

42,800 

 

972,844 

Wyeth  

 

22,000 

 

972,180 

 

**2,918,239**

**Industrials 6.2%**

 
**Building Products 0.3%**

 
Masco Corp.  

 

45,300 

 

978,933 

Trane, Inc.  

 

21,300 

 

994,923 

 

**1,973,856**

**Commercial Services & Supplies 0.3%**

 
Newalta Income Fund (Units)  

 

39,200 

 

724,859 

Pitney Bowes, Inc.  

 

25,600 

 

973,824 

R.R. Donnelley & Sons Co.  

 

25,900 

 

977,466 

 

**2,676,149**

**Machinery 1.9%**

 
Eaton Corp.  

 

10,000 

 

969,500 

New Flyer Industries, Inc. (IDS) (Units)  

 

920,600 

 

11,743,608 

Terex Corp.*  

 

15,100 

 

990,107 

Wajax Income Fund (Units)  

 

75,800 

 

2,462,281 

 

**16,165,496**

**Marine 2.8%**

 
Eagle Bulk Shipping, Inc.  

 

891,700 

 

**23,674,635**

**Road & Rail 0.9%**

 
Contrans Income Fund (Units) (a)  

 

683,800 

 

6,540,425 

Norfolk Southern Corp.  

 

19,300 

 

973,492 

 

**7,513,917**

**Information Technology 0.3%**

 
**Computers & Peripherals 0.1%**

 
Western Digital Corp.*  

 

32,700 

 

**987,867**

**IT Services 0.1%**

 
Computer Sciences Corp.*  

 

19,800 

 

**979,506**

**Semiconductors & Semiconductor Equipment 0.1%**

 
Lam Research Corp.*  

 

22,300 

 

**964,029**

**Materials 1.0%**

 
**Chemicals 0.3%**

 
Celanese Corp. "A"  

 

23,200 

 

981,824 

Dow Chemical Co.  

 

24,400 

 

961,848 

PPG Industries, Inc.  

 

13,900 

 

976,197 

 

**2,919,869**

**Metals & Mining 0.7%**

 
Alcoa, Inc.  

 

26,500 

 

968,575 

Allegheny Technologies, Inc.  

 

11,300 

 

976,320 

BHP Billiton Ltd. (ADR)  

 

13,800 

 

966,552 

Freeport-McMoRan Copper & Gold, Inc.  

 

9,400 

 

962,936 

Nucor Corp.  

 

16,200 

 

959,364 

 

 

 

 

Southern Copper Corp.  

 

9,200 

 

967,196 

 

**5,800,943**

**Telecommunication Services 0.6%**

 
**Diversified Telecommunication Services**

Embarq Corp.  

 

20,000 

 

990,600 

FairPoint Communications, Inc.  

 

217,600 

 

2,833,152 

Windstream Corp.  

 

76,300 

 

993,426 

 

**4,817,178**

**Utilities 0.7%**

 
**Electric Utilities 0.1%**

 
Duke Energy Corp.  

 

48,500 

 

**978,245**

**Independent Power Producers & Energy Traders 0.3%**

 
Primary Energy Recycling Corp. (EIS) (Units)  

 

490,000 

 

**2,601,550**

**Multi-Utilities 0.3%**

 
Consolidated Edison, Inc.  

 

20,300 

 

991,655

Sempra Energy  

 

15,900 

 

983,892 

 

**1,975,547**

**Total Common Stocks** (Cost $337,457,541)

 

**344,515,031**

 

**Principal****Amount ($)**

 

**Value ($)**

 

**Corporate Bonds 65.0%**

 
**Consumer Discretionary 20.3%**

 
ArvinMeritor, Inc., 8.125%, 9/15/2015 

 

17,000,000

 

14,705,000

Ford Motor Co., 7.45%, 7/16/2031 

 

12,000,000

 

8,910,000

General Motors Corp., 8.375%, 7/15/2033 

 

17,000,000

 

13,685,000

H&E Equipment Services, Inc., 8.375%, 7/15/2016 

 

17,000,000

 

15,725,000

Hertz Corp., 10.5%, 1/1/2016 

 

18,000,000

 

18,630,000

Idearc, Inc., 8.0%, 11/15/2016 

 

12,700,000

 

11,652,250

Libbey Glass, Inc., 11.913% **, 6/1/2011 

 

15,000,000

 

15,806,250

Neiman-Marcus Group, Inc., 9.0%, 10/15/2015 (PIK)

 

18,000,000

 

18,562,500

Station Casinos, Inc., 6.5%, 2/1/2014 

 

22,810,000

 

17,107,500

United Rentals North America, Inc., 7.75%, 11/15/2013 

 

17,000,000

 

14,790,000

Univision Communications, Inc., 144A, 9.75%, 3/15/2015 (PIK)

 

24,300,000

 

22,143,375

 

**171,716,875**

**Consumer Staples 2.3%**

 
Alliance One International, Inc., 12.75%, 11/15/2012 

 

5,395,000

 

5,637,775

Rite Aid Corp., 8.625%, 3/1/2015 

 

17,100,000

 

13,786,875

 

**19,424,650**

**Energy 4.5%**

 
Allis-Chalmers Energy, Inc., 9.0%, 1/15/2014 

 

19,750,000

 

19,453,750

Clayton Williams Energy, Inc., 7.75%, 8/1/2013 (a) 

 

20,973,000

 

18,351,375

 

**37,805,125**

**Financials 10.5%**

 
Compton Petroleum Finance Corp., 7.625%, 12/1/2013 

 

25,200,000

 

23,436,000

Ford Motor Credit Co., LLC, 7.375%, 2/1/2011 

 

12,000,000

 

10,746,072

Hexion US Financial Corp., 9.369% **, 11/15/2014 

 

12,000,000

 

12,240,000

LVB Acquisition Merger Sub, Inc., 144A, 10.0%, 10/15/2017 

 

17,200,000

 

17,544,000

Preferred Term Securities XIX Ltd., 144A, Income Note, 15.0% ***, 12/22/2035 

 

2,500,000

 

1,741,825

Preferred Term Securities XVI Ltd., 144A, Income Note, 15.0% ***, 3/23/2035 

 

3,900,000

 

3,002,766

Preferred Term Securities XVII Ltd., 144A, Income Note, 15.0% ***, 6/23/2035 

 

3,750,000

 

2,309,325

 

 

 

 

Preferred Term Securities XVIII Ltd., 144A, Income Note, 15.0% ***, 9/23/2035 

 

3,750,000

 

2,305,988

Preferred Term Securities XXI Ltd., 144A, Income Note, 8.97% ***, 3/22/2038 

 

3,750,000

 

2,228,400

Preferred Term Securities XXIII Ltd., 144A, Income Note, 6.91% ***, 12/22/2036 

 

3,750,000

 

2,012,850

Preferred Term Securities XXIV Ltd., 144A, Income Note, 15.07% ***, 3/22/2037 

 

7,500,000

 

5,866,800

Rainbow National Services LLC, 144A, 8.75%, 9/1/2012 

 

5,500,000

 

5,658,125

 

**89,092,151**

**Health Care 8.1%**

 
Community Health Systems, Inc., 8.875%, 7/15/2015 

 

17,100,000

 

17,420,625

HCA, Inc.:

 
 

6.5%, 2/15/2016  

 

20,700,000 

 

17,491,500 

 

9.25%, 11/15/2016  

 

15,000,000 

 

15,750,000 

ReAble Therapeutics Finance LLC, 144A, 10.875%, 11/15/2014 

 

15,400,000

 

15,130,500

Select Medical Corp., 11.259% **, 9/15/2015 

 

3,200,000

 

2,784,000

 

**68,576,625**

**Industrials 3.7%**

 
ARAMARK Corp., 8.5%, 2/1/2015 (a) 

 

8,100,000

 

8,201,250

Casella Waste Systems, Inc., 9.75%, 2/1/2013 

 

17,740,000

 

18,094,800

Connacher Oil & Gas Ltd., 144A, 10.25%, 12/15/2015 (a) 

 

4,500,000

 

4,494,375

 

**30,790,425**

**Information Technology 2.2%**

 
First Data Corp., 144A, 9.875%, 9/24/2015 

 

12,000,000

 

11,160,000

Freescale Semiconductor, Inc., 8.875%, 12/15/2014 

 

8,500,000

 

7,586,250

 

**18,746,250**

**Materials 11.4%**

 
Abitibi-Consolidated Co. of Canada, 8.375%, 4/1/2015 

 

6,000,000

 

4,455,000

AbitibiBowater, Inc., 9.375%, 12/15/2021 

 

7,500,000

 

5,700,000

Berry Plastics Holding Corp., 8.875%, 9/15/2014 

 

3,000,000

 

2,850,000

Crown Cork & Seal Co., Inc., 8.0%, 4/15/2023 (a) 

 

20,394,000

 

19,374,300

Georgia Gulf Corp., 9.5%, 10/15/2014 

 

5,000,000

 

3,987,500

Ineos Group Holdings PLC, 144A, 8.5%, 2/15/2016 

 

30,500,000

 

27,145,000

Owens-Illinois, Inc., 7.8%, 5/15/2018 

 

22,335,000

 

22,725,862

Union Carbide Corp., 7.75%, 10/1/2096 (a) 

 

10,000,000

 

10,467,640

 

**96,705,302**

**Telecommunication Services 2.0%**

 
Level 3 Financing, Inc., 12.25%, 3/15/2013 (a) 

 

3,000,000

 

3,030,000

Nortel Networks Ltd., 144A, 10.75%, 7/15/2016 

 

13,500,000

 

14,175,000

 

**17,205,000**

**Total Corporate Bonds** (Cost $587,584,063)

 

**550,062,403**

 

**Senior Loans** 16.7%**

 
Bausch & Lomb:

 
 

Delayed Draw Term Loan, 5.0%, 11/30/2008  

 

6,400,000 

 

6,384,000 

 

Term Loan, 8.08%, 11/30/2008  

 

33,600,000 

 

33,516,000 

First Data Corp., Term Loan, 7.64%, 10/8/2012 

 

39,907,500 

 

38,016,084 

Mylan, Inc., Term Loan B, LIBOR plus 3.25%, 7.474%, 10/2/2014

 

20,000,000 

 

19,832,500 

Sequa Corp., Term Loan, LIBOR plus 3.25%, 7.474%, 12/3/2014 

 

2,000,000 

 

1,965,000 

TXU Corp., 8.40%, 11/1/2017  

 

39,935,000 

 

39,361,134 

Wimar Opco LLC, Term Loan B, LIBOR plus 2.5%, 6.724%, 1/3/2012

 

2,000,000 

 

1,996,460 

**Total Senior Loans** (Cost $141,784,843)

 

**141,071,178**

 

 

 

 

 

**Shares**

 

**Value ($)**

 

**Closed-End Investment Companies 3.2%**

 
Apollo Investment Corp. (a)  

 

897,900 

 

15,309,195 

Evergreen Income Advantage Fund (a)  

 

902,668 

 

10,182,095 

Pioneer High Income Trust   

 

115,300 

 

1,615,353 

**Total Closed-End Investment Companies** (Cost $35,081,551)

 

**27,106,643**

 

**Cash Equivalents 7.7%**

 
Cash Management QP Trust, 4.67%  (c)(Cost $65,290,200)

 

 

65,290,200

 

**65,290,200**

 

**% of****Net Assets**

 

**Value ($)**

**Total Long Positions** (Cost $1,167,198,198) 

133.3

 

**1,128,045,455**

**Other Assets and Liabilities, Net**

(25.0)

 

**(211,661,469)**

**Securities Sold Short**

(8.3)

 

**(70,414,815)**

**Net Assets**

100.0

 

**845,969,171**

 

 

**Shares**

 

**Value ($)**

 

**Common Stocks Sold Short 8.3%**

 
**Consumer Discretionary 1.9%**

 
**Diversified Consumer Services 0.1%**

 
Apollo Group, Inc. "A"*  

 

8,600 

 

**603,290**

**Hotels Restaurants & Leisure 0.5%**

 
Harrah's Entertainment, Inc.  

 

6,900 

 

612,375 

International Game Technology  

 

13,900 

 

610,627 

Las Vegas Sands Corp.*  

 

5,800 

 

597,690 

McDonald's Corp.  

 

10,300 

 

606,773 

MGM MIRAGE*  

 

7,300 

 

613,346 

Starbucks Corp.*  

 

29,900 

 

612,053 

Wynn Resorts Ltd.  

 

5,300 

 

594,289 

 

**4,247,153**

**Household Durables 0.1%**

 
Garmin Ltd.  

 

6,100 

 

**591,700**

**Internet & Catalog Retail 0.5%**

 
Amazon.com, Inc.*  

 

32,300 

 

2,992,272 

Expedia, Inc.*  

 

19,100 

 

603,942 

Liberty Media Corp. - Interactive "A"*  

 

31,400 

 

599,112 

 

**4,195,326**

**Media 0.4%**

 
Cablevision Systems Corp. "A" (NY Group)*  

 

24,900 

 

610,050 

Comcast Corp. "A"*  

 

33,200 

 

611,867 

Discovery Holding Co. "A"*  

 

24,400 

 

613,416 

Time Warner Cable, Inc. "A"*  

 

22,400 

 

618,240 

Washington Post Co. "B"  

 

800 

 

633,144 

 

**3,086,717**

**Specialty Retail 0.3%**

 
GameStop Corp. "A"*  

 

9,800 

 

608,678 

Tiffany & Co.  

 

53,700 

 

2,471,811 

 

**3,080,489**

 

 

 

 

**Consumer Staples 0.6%**

 
**Beverages 0.1%**

 
Coca-Cola Co.  

 

9,800 

 

**601,426**

**Food & Staples Retailing 0.2%**

 
Costco Wholesale Corp.  

 

8,800 

 

613,888 

Whole Foods Market, Inc.  

 

56,100 

 

2,288,880 

 

**2,902,768**

**Food Products 0.1%**

 
Wm. Wrigley Jr. Co.  

 

10,400 

 

**608,920**

**Household Products 0.1%**

 
Colgate-Palmolive Co.  

 

7,800 

 

**608,088**

**Personal Products 0.1%**

 
Avon Products, Inc.  

 

15,300 

 

**604,809**

**Energy 0.5%**

 
**Energy Equipment & Services 0.1%**

 
Schlumberger Ltd.  

 

6,300 

 

**619,731**

**Oil, Gas & Consumable Fuels 0.4%**

 
Arch Coal, Inc.  

 

13,800 

 

620,034 

CONSOL Energy, Inc.  

 

8,600 

 

615,072 

Enterprise Products Partners LP  

 

19,400 

 

618,472 

Kinder Morgan Energy Partners LP  

 

11,300 

 

610,087 

Plains Exploration & Production Co.*  

 

11,200 

 

604,800 

Range Resources Corp.  

 

12,000 

 

616,320 

 

**3,684,785**

**Financials 0.9%**

 
**Capital Markets 0.3%**

 
BlackRock, Inc.  

 

2,800 

 

607,040 

Charles Schwab Corp.  

 

24,600 

 

628,530 

Eaton Vance Corp.  

 

13,400 

 

608,494 

Janus Capital Group, Inc.  

 

18,800 

 

617,580 

T. Rowe Price Group, Inc.  

 

10,200 

 

620,976 

 

**3,082,620**

**Commercial Banks 0.1%**

 
Commerce Bancorp, Inc.  

 

16,200 

 

**617,868**

**Diversified Financial Services 0.3%**

 
CME Group, Inc.  

 

900 

 

617,400 

IntercontinentalExchange, Inc.*  

 

3,200 

 

616,000 

Nymex Holdings, Inc.  

 

4,600 

 

614,606 

NYSE Euronext  

 

7,000 

 

614,390 

 

**2,462,396**

**Real Estate Investment Trusts 0.1%**

 
Plum Creek Timber Co., Inc. (REIT)  

 

13,100 

 

**603,124**

**Thrifts & Mortgage Finance 0.1%**

 
Hudson City Bancorp., Inc.  

 

41,100 

 

**617,322**

**Health Care 0.9%**

 
**Biotechnology 0.2%**

 
Biogen Idec, Inc.*  

 

10,500 

 

597,660 

Celgene Corp.*  

 

13,000 

 

600,730 

Gilead Sciences, Inc.*  

 

13,200 

 

607,332 

 

**1,805,722**

**Health Care Equipment & Supplies 0.4%**

 
Boston Scientific Corp.*  

 

52,300 

 

608,249 

 

 

 

 

DENTSPLY International, Inc.  

 

13,600 

 

612,272 

Hologic, Inc.*  

 

8,800 

 

604,032 

Stryker Corp.  

 

8,100 

 

605,232 

Varian Medical Systems, Inc.*  

 

11,600 

 

605,056 

 

**3,034,841**

**Health Care Providers & Services 0.1%**

 
Express Scripts, Inc.*  

 

8,300 

 

605,900 

Medco Health Solutions, Inc.*  

 

6,000 

 

608,400 

 

**1,214,300**

**Life Sciences Tools & Services 0.1%**

 
Covance, Inc.*  

 

7,000 

 

606,340 

Waters Corp.*  

 

7,800 

 

616,746 

 

**1,223,086**

**Pharmaceuticals 0.1%**

 
Allergan, Inc.  

 

9,500 

 

**610,280**

**Industrials 0.8%**

 
**Aerospace & Defense 0.1%**

 
Precision Castparts Corp.  

 

4,400 

 

**610,280**

**Air Freight & Logistics 0.1%**

 
C.H. Robinson Worldwide, Inc.  

 

11,400 

 

616,968 

Expeditors International of Washington, Inc.  

 

13,500 

 

603,180 

 

**1,220,148**

**Construction & Engineering 0.3%**

 
Fluor Corp.  

 

4,200 

 

612,024 

Foster Wheeler Ltd.*  

 

3,900 

 

604,578 

Jacobs Engineering Group, Inc.*  

 

6,200 

 

592,782 

KBR, Inc.*  

 

15,400 

 

597,520 

 

**2,406,904**

**Electrical Equipment 0.1%**

 
Roper Industries, Inc.  

 

9,800 

 

**612,892**

**Machinery 0.1%**

 
AGCO Corp.*  

 

8,900 

 

605,022 

Flowserve Corp.  

 

6,200 

 

596,440 

 

**1,201,462**

**Trading Companies & Distributors 0.1%**

 
Fastenal Co.  

 

15,000 

 

**606,300**

**Information Technology 2.1%**

 
**Communications Equipment 0.2%**

 
Juniper Networks, Inc.*  

 

18,200 

 

604,240 

Motorola, Inc.  

 

37,500 

 

601,500 

 

**1,205,740**

**Computers & Peripherals 0.4%**

 
Apple, Inc.*  

 

15,600 

 

3,090,048 

EMC Corp.*  

 

33,100 

 

613,343 

 

**3,703,391**

**Electronic Equipment & Instruments 0.1%**

 
Amphenol Corp. "A"  

 

13,200 

 

**612,084**

**Internet Software & Services 0.5%**

 
Akamai Technologies, Inc.*  

 

17,300 

 

598,580 

Google, Inc. "A"*  

 

900 

 

622,332 

VeriSign, Inc.*  

 

16,300 

 

613,043 

 

 

 

 

Yahoo!, Inc.*  

 

99,100 

 

2,305,066 

 

**4,139,021**

**IT Services 0.3%**

 
Cognizant Technology Solutions Corp. "A"*  

 

17,800 

 

604,132 

Iron Mountain, Inc.*  

 

16,400 

 

607,128 

MasterCard, Inc. "A"  

 

2,900 

 

624,080 

Paychex, Inc.  

 

16,700 

 

604,874 

 

**2,440,214**

**Semiconductors & Semiconductor Equipment 0.2%**

 
Cypress Semiconductor Corp.*  

 

16,400 

 

590,892 

Intel Corp.  

 

22,800 

 

607,848 

MEMC Electronic Materials, Inc.*  

 

6,800 

 

601,732 

 

**1,800,472**

**Software 0.4%**

 
Activision, Inc.*  

 

20,800 

 

617,760 

Adobe Systems, Inc.*  

 

14,500 

 

619,585 

Autodesk, Inc.*  

 

12,300 

 

612,048 

BEA Systems, Inc.*  

 

38,800 

 

612,264 

Citrix Systems, Inc.*  

 

16,200 

 

615,762 

NAVTEQ*  

 

8,100 

 

612,360 

 

**3,689,779**

**Materials 0.4%**

 
**Chemicals 0.3%**

 
Ecolab, Inc.  

 

11,700 

 

599,157 

Monsanto Co.  

 

5,400 

 

603,126 

Praxair, Inc.  

 

6,800 

 

603,228 

The Mosaic Co.*  

 

6,400 

 

603,776 

 

**2,409,287**

**Paper & Forest Products 0.1%**

 
MeadWestvaco Corp.  

 

19,300 

 

604,090 

Weyerhaeuser Co.  

 

8,400 

 

619,416 

 

**1,223,506**

**Utilities 0.2%**

 
**Electric Utilities 0.1%**

 
Allegheny Energy, Inc.  

 

9,600 

 

**610,656**

**Gas Utilities 0.1%**

 
Equitable Resources, Inc.  

 

11,500 

 

**612,720**

**Independent Power Producers & Energy Traders 0.0%**

 
AES Corp.*  

 

28,200 

 

**603,198**

**Total Common Stocks Sold Short** (Proceeds $70,540,320)

 

**70,414,815**

 

*For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements.*

***

*Non-income producing security.*

****

*Floating rate notes are securities whose yields vary with a designated market index or market rate, such as the coupon-equivalent of the US Treasury bill rate. These securities are shown at their current rate as of December 31, 2007.*

*****

*Annualized yield at December 31, 2007.  Not a coupon rate.*

*(a)*

*Securities are pledged as collateral for short sales.*

*(b)*

*Securities are pledged as collateral for written options.*

*(c)*

*Affiliated fund managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.*

 

 

 

 

*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*

*EIS: Enhanced Income Security*

*IDS: Income Deposit Security*

*LIBOR: Represents the London InterBank Offered Rate.*

*PIK: Denotes that all or a portion of the income is paid in kind.*

*REIT: Real Estate Investment Trust*

*As of December 31, 2007, open future contracts purchased were as follows:*

**Futures**

 

**Expiration****Date**

 

**Contracts**

 

**Aggregated****Face****Value ($)**

 

**Value ($)**

 

**Unrealized****Depreciation ($)**

 

Nasdaq 100 Index 

 

3/19/2008 

 

932 

 

200,719,528 

 

196,162,700 

 

**(4,556,828)**

 
 

*As of December 31, 2007, open written options were as follows:*

**Written Options**

 

**Number of****Contracts**

 

**Expiration****Date**

 

**Strike****Price ($)**

 

**Value ($)**

 
**Call Options**

 
Fannie Mae 

 

300 

 

1/19/2008 

 

50.0

 

(4,500) 

 
Marathon Oil Corp. 

 

307 

 

1/18/2008 

 

60.0

 

(70,610) 

 
Washington Mutual, Inc. 

 

1,500 

 

1/19/2008 

 

20.0

 

(7,500) 

 
**Total Call Options**(Premiums received $754,588)

 

 

 

 

 

 

 

**(82,610)**

 
**Put Options**

 
Amazon.com, Inc. 

 

323 

 

1/15/2008 

 

79.5

 

(6,234) 

 
Apple, Inc. 

 

156 

 

1/18/2008 

 

165.0

 

(10,452) 

 
Fannie Mae

 

300 

 

1/19/2008 

 

50.0

 

(297,000) 

 
Marathon Oil Corp. 

 

307 

 

1/18/2008 

 

60.0

 

(39,910) 

 
Tiffany & Co. 

 

537 

 

1/18/2008 

 

45.0

 

(61,755) 

 
Washington Mutual, Inc. 

 

1,500 

 

1/19/2008 

 

20.0

 

(945,000) 

 
Whole Foods Market, Inc. 

 

561 

 

1/18/2008 

 

45.0

 

(258,060) 

 
Yahoo!, Inc. 

 

991 

 

1/18/2008 

 

25.0

 

(193,245) 

 
**Total Put Options**(Premiums received $1,673,303)

 

 

 

 

 

 

 

**(1,811,656)**

 
**Total Written Options**(Premiums received $2,427,891)

 

 

 

 

 

 

**(1,894,266)**

 
 

 

**ITEM 2.**

**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 3.**

**EXHIBITS**

 

 

 

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.

 

**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 Dreman Value Income Edge Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

February 21, 2008

 

 

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 Dreman Value Income Edge Fund, Inc.

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

February 21, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        February 21, 2008

 

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