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  811-6103

Investors Cash Trust

(Exact name of registrant as specified in charter)

 

222 South Riverside Plaza

Chicago, IL  60606

(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:  03/31

Date of reporting period: 12/31/07

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

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

 

 

**Investors Cash Trust-Treasury Portfolio**

 

|   | **Principal****Amount ($)**                   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               | **Value ($)** |
|--------|-----------------------------------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------|
|        |
|   | **Government & Agency Obligations 12.5%** |  
**US Treasury Obligations**

 
US Treasury Bills:

 
 

3.21% *, 6/19/2008  

 

50,000,000 

 

49,242,083 

 

4.28% *, 6/19/2008  

 

50,000,000 

 

49,225,555 

 

4.13% *, 3/13/2008  

 

25,000,000 

 

24,793,500 

 

4.14% *, 3/13/2008  

 

25,000,000 

 

24,793,000 

 

3.18% *, 6/19/2008  

 

80,000,000 

 

78,798,667 

US Treasury Notes:

 
 

3.75%, 5/15/2008  

 

30,000,000 

 

29,923,410 

 

4.625%, 9/30/2008  

 

50,000,000 

 

50,486,682 

**Total Government & Agency Obligations** (Cost $307,262,897)

 

**307,262,897**

 

 

 

 

 

**Repurchase Agreements 87.6%**

 
JPMorgan Securities, Inc., 1.25%, dated 12/31/2007, to be repurchased at $600,041,667 on 1/2/2008 (a)

 

600,000,000

 

600,000,000

Lehman Brothers, Inc., 2.4%, dated 12/31/2007, to be repurchased at $385,051,333 on 1/2/2008 (b) 

 

385,000,000

 

385,000,000

Merrill Lynch Government Securities, Inc., 1.0%, dated 12/31/2007, to be repurchased at $500,027,778 on 1/2/2008 (c)

 

500,000,000

 

500,000,000

Merrill Lynch Government Securities, Inc., 2.5%, dated 12/31/2007, to be repurchased at $77,010,801 on 1/2/2008 (d)

 

77,000,107

 

77,000,107

The Goldman Sachs Co., Inc., 1.0%, dated 12/31/2007, to be repurchased at $590,032,778 on 1/2/2008 (e)

 

590,000,000

 

590,000,000

**Total Repurchase Agreements** (Cost $2,152,000,107)

 

**2,152,000,107**

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $2,459,263,004) 

100.1

 

**2,459,263,004**

**Other Assets and Liabilities, Net**

(0.1)

 

**(2,019,166)**

**Net Assets**

100.0

 

**2,457,243,838**

 

*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.*

***

*Annualized yield at time of purchase; not a coupon rate.*

*(a)*

*Collateralized by:*

 
***Principal*****

* *

* *

* *

***Collateral*****

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

***Security*****

***Rate (%)*****

***Maturity Date*****

***Value ($)*****

 
 
*160,214,000***

*US Treasury STRIPS***

*-***

*11/15/2009-5/15/2037***

*51,321,289***

 
 
*424,541,000***

*US Treasury Inflation Index Bonds***

*2.0-3.875***

*1/15/2008-4/15/2032***

*560,683,735***

 
 
***Total Collateral Value*****

 **

 **

 **

***612,005,024*****

 
 

 

*(b)*

*Collateralized by:*

 
***Principal*****

 

 

 

***Collateral*****

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

***Security*****

***Rate (%)*****

***Maturity Date*****

***Value ($)*****

 
 
*26,005,000***

*Federal National Mortgage Association***

*6.45***

*9/12/2022***

*26,903,149***

 
 
*359,250,025***

*Government National Mortgage Association***

*5.0-7.5***

*4/20/2023-12/15/2037***

*365,797,065***

 
 
***Total Collateral Value*****

 **

 **

***392,700,214*****

 
*(c)*

*Collateralized by $503,314,000**US Treasury Notes, with various coupon rates from 3.5-4.25% with various maturities of 8/15/2009-8/15/2015 with a value of $510,003,250.*

*(d)*

*Collateralized by $79,401,459**Government National Mortgage Association, with various coupon rates from 5.5-8.0% with various maturities of 4/20/2017-7/15/2037 with a value of $79,308,640.*

*(e)*

*Collateralized by:*

 
***Principal*****

* *

* *

* *

***Collateral*****

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

***Security*****

***Rate (%)*****

***Maturity Date*****

***Value ($)*****

 
 
*270,029,000***

*US Treasury Bill***

*-***

*5/8/2008***

*266,907,465***

 
 
*323,660,000***

*US Treasury Notes***

*4.25-4.375***

*11/15/2008-8/15/2013***

*334,892,781***

 
 
***Total Collateral Value*****

 **

 **

 **

***601,800,246*****

 
 

*STRIPS: Separate Trading of Registered Interest and Principal Securities.*

 

 

 

 

**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: 

Treasury Portfolio, a series of Investors Cash Trust

 

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: 

Treasury Portfolio, a series of Investors Cash Trust

 

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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