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  811-2527

DWS Money Funds

(Exact name of registrant as specified in charter)

 

345 Park Avenue

New York, NY  10154-0004

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154-0004

(Name and address of agent for service)

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

Date of fiscal year end:  07/31

Date of reporting period: 04/30/08

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of April 30, 2008  (Unaudited)** |
|----------------------|---------------------------------------|

 

 

**DWS Money Market Prime Series**

 

|   | **Principal****Amount ($)**                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    | **Value ($)** |
|--------|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Certificates of Deposit and Bank Notes 21.6%** |  
ABN AMRO Bank NV:

 
 

2.525%, 6/18/2008  

 

65,000,000 

 

65,000,431 

 

2.99%, 6/16/2008  

 

35,000,000 

 

34,999,956 

Banco Santander SA:

 
 

2.67%, 10/3/2008  

 

18,000,000 

 

17,994,426 

 

3.91%, 5/16/2008  

 

36,000,000 

 

36,000,444 

 

4.22%, 6/16/2008  

 

35,000,000 

 

35,003,076 

Bank of Scotland PLC:

 
 

2.85%, 7/9/2008  

 

45,000,000 

 

45,000,000 

 

3.02%, 5/15/2008  

 

25,000,000 

 

25,000,000 

 

4.5%, 11/19/2008  

 

20,000,000 

 

20,000,000 

 

4.93%, 10/9/2008  

 

10,000,000 

 

10,000,000 

Barclays Bank PLC, 3.15%, 7/30/2008 

 

40,000,000

 

40,000,000

 

 

 

 

BNP Paribas, 4.4%, 7/7/2008 

 

20,000,000

 

20,000,364

Calyon:

 
 

3.0%, 10/22/2008  

 

40,000,000 

 

40,000,000 

 

4.03%, 7/14/2008  

 

15,000,000 

 

15,000,000 

Citibank NA, 3.01%, 5/15/2008 

 

30,000,000

 

30,000,000

Credit Agricole SA, 3.1%, 5/2/2008 

 

35,000,000

 

35,000,019

Credit Industriel et Commercial:

 
 

2.665%, 6/19/2008  

 

55,000,000 

 

55,000,372 

 

2.925%, 7/17/2008  

 

32,900,000 

 

32,900,349 

 

2.93%, 7/9/2008  

 

38,000,000 

 

38,000,361 

JPMorgan Chase Bank NA:

 
 

2.8%, 8/11/2008  

 

30,000,000 

 

30,000,000 

 

4.75%, 6/10/2008  

 

22,000,000 

 

22,000,000 

Landesbank Hessen-Thueringen Girozentrale, 3.1%, 5/5/2008 

 

40,000,000

 

40,000,000

Metropolitan Life Global Funding I, 3.8%, 1/20/2009  

 

10,000,000 

 

10,000,000 

Mizuho Corporate Bank Ltd., 2.95%, 7/31/2008 

 

21,350,000

 

21,350,000

Natixis, 3.1%, 5/23/2008 

 

11,200,000

 

11,200,000

Societe Generale, 2.98%, 7/7/2008 

 

38,000,000

 

38,000,000

Toronto-Dominion Bank:

 
 

2.68%, 8/18/2008  

 

25,000,000 

 

25,019,413 

 

2.86%, 9/8/2008  

 

20,000,000 

 

20,000,712 

UBS AG:

 
 

3.33%, 5/23/2008  

 

42,000,000 

 

42,000,000 

 

4.03%, 7/11/2008  

 

40,000,000 

 

40,002,320 

 

4.3%, 7/8/2008  

 

36,200,000 

 

36,200,000 

**Total Certificates of Deposit and Bank Notes** (Cost $930,672,243)

 

**930,672,243**

 

**Commercial Paper 46.3%**

 
**Issued at Discount** 40.6%**

Amsterdam Funding Corp., 2.97%, 5/20/2008 

 

50,000,000

 

49,921,625

AstraZeneca PLC:

 
 

2.26%, 9/29/2008  

 

22,000,000 

 

21,791,452 

 

2.35%, 10/15/2008  

 

44,000,000 

 

43,520,339 

 

2.71%, 11/24/2008  

 

20,000,000 

 

19,688,350 

 

2.88%, 8/20/2008  

 

15,000,000 

 

14,866,800 

 

3.67%, 7/17/2008  

 

20,000,000 

 

19,843,006 

AT&T, Inc., 2.25%, 5/5/2008 

 

10,000,000

 

9,997,500

Bank of Scotland PLC:

 
 

2.55%, 6/18/2008  

 

55,000,000 

 

54,813,000 

 

2.95%, 7/29/2008  

 

18,000,000 

 

17,868,725 

Caisse Nationale des Caisses d'Epargne et de Prevoyance:

 
 

2.85%, 7/10/2008  

 

18,450,000 

 

18,347,756 

 

2.96%, 8/12/2008  

 

43,000,000 

 

42,639,373 

Cancara Asset Securitisation LLC:

 
 

2.82%, 5/14/2008  

 

40,000,000 

 

39,959,267 

 

2.85%, 5/12/2008  

 

25,000,000 

 

24,978,229 

 

2.85%, 5/19/2008  

 

20,000,000 

 

19,971,500 

 

2.95%, 5/27/2008  

 

50,000,000 

 

49,893,472 

Chariot Funding LLC,  2.87%, 6/6/2008  

 

5,000,000 

 

4,985,650 

Citibank Credit Card Issuance Trust, 3.5%, 5/28/2008 

 

43,000,000

 

42,887,125

Eksportfinans AS, 2.5%, 6/30/2008

 

15,000,000

 

14,937,500

General Electric Capital Corp.:

 
 

2.75%, 9/19/2008  

 

22,000,000 

 

21,763,042 

 

3.0%, 5/27/2008  

 

15,000,000 

 

14,967,500 

 

3.92%, 9/30/2008  

 

20,000,000 

 

19,668,978 

Giro Balanced Funding Corp.:

 
 

3.275%, 5/19/2008  

 

40,000,000 

 

39,934,500 

 

 

 

 

 

3.29%, 5/23/2008  

 

38,000,000 

 

37,923,599 

Greenwich Capital Holdings, Inc.:

 
 

3.72%, 5/23/2008  

 

20,000,000 

 

19,954,533 

 

3.8%, 5/23/2008  

 

10,000,000 

 

9,976,778 

 

4.81%, 5/28/2008  

 

20,000,000 

 

19,927,850 

International Lease Finance Corp., 2.85%, 5/19/2008 

 

28,300,000

 

28,259,673

Johnson & Johnson, 1.9%, 7/7/2008 

 

10,000,000

 

9,964,639

JPMorgan Chase & Co., 2.49%, 9/29/2008 

 

40,000,000

 

39,582,233

KBC Financial Products International Ltd., 2.975%, 8/19/2008 

 

32,500,000

 

32,204,566

Kellogg Co., 3.0%, 5/12/2008  

 

10,000,000 

 

9,990,833 

Lehman Brothers Holdings, Inc., 3.05%, 5/19/2008  

 

25,000,000 

 

24,961,875 

Liberty Street Funding LLC:

 
 

2.82%, 5/12/2008  

 

22,700,000 

 

22,680,440 

 

2.84%, 6/13/2008  

 

16,000,000 

 

15,945,724 

 

3.0%, 5/13/2008  

 

20,000,000 

 

19,980,000 

 

3.0%, 7/25/2008  

 

5,000,000 

 

4,964,583 

 

3.02%, 5/23/2008  

 

20,000,000 

 

19,963,089 

 

3.05%, 5/23/2008  

 

10,000,000 

 

9,981,361 

 

3.194%, 5/21/2008  

 

27,000,000 

 

26,952,750 

Nestle Capital Corp.:

 
 

2.49%, 12/17/2008  

 

15,000,000 

 

14,761,375 

 

4.3%, 10/31/2008  

 

5,000,000 

 

4,890,708 

Nissan Motor Acceptance Corp., 3.1%, 5/28/2008 

 

25,000,000

 

24,941,875

Old Line Funding LLC:

 
 

3.12%, 5/30/2008  

 

20,000,000 

 

19,949,733 

 

3.15%, 5/9/2008  

 

50,000,000 

 

49,965,000 

Pepsico, Inc., 2.1%, 5/19/2008 

 

15,000,000

 

14,984,250

Perry Global Funding LLC, 4.0%, 5/2/2008 

 

25,000,000

 

24,997,222

Pfizer, Inc.:

 
 

2.685%, 8/6/2008  

 

28,000,000 

 

27,797,432 

 

4.4%, 5/14/2008  

 

30,000,000 

 

29,952,333 

 

4.41%, 5/16/2008  

 

10,000,000 

 

9,981,625 

Royal Bank of Scotland Group PLC, 4.25%, 6/9/2008 

 

25,000,000

 

24,884,896

Scaldis Capital LLC:

 
 

3.0%, 5/21/2008  

 

35,000,000 

 

34,941,667 

 

3.0%, 5/29/2008  

 

21,500,000 

 

21,449,833 

 

3.01%, 5/28/2008  

 

31,000,000 

 

30,930,018 

Scotiabanc, Inc., 3.02%, 5/13/2008 

 

7,500,000

 

7,492,450

Sheffield Receivables Corp.:

 
 

2.8%, 5/21/2008  

 

30,000,000 

 

29,953,333 

 

2.9%, 5/21/2008  

 

42,000,000 

 

41,932,333 

Societe Generale North America, Inc.:

 
 

3.15%, 10/22/2008  

 

40,000,000 

 

39,391,000 

 

4.0%, 7/7/2008  

 

20,000,000 

 

19,851,111 

Starbird Funding Corp.:

 
 

3.06%, 5/28/2008  

 

15,000,000 

 

14,965,575 

 

3.2%, 5/28/2008  

 

42,000,000 

 

41,899,200 

Suncorp-Metway Ltd., 3.04%, 7/28/2008 

 

30,000,000

 

29,777,067

Swedbank AB, 2.95%, 8/1/2008 

 

22,000,000

 

21,834,144

Teachers Insurance & Annuity Association, 2.18%, 5/5/2008 

 

15,000,000

 

14,996,367

Total Capital SA, 2.25%, 6/30/2008 

 

42,550,000

 

42,390,438

Toyota Motor Credit Corp., 2.25%, 10/3/2008 

 

20,000,000

 

19,806,250

Tulip Funding Corp., 3.17%, 5/7/2008 

 

20,000,000

 

19,989,433

United Parcel Service, Inc., 4.18%, 5/30/2008 

 

10,000,000

 

9,966,328

Verizon Communications, Inc.:

 
 

2.62%, 5/5/2008  

 

10,000,000 

 

9,997,089 

 

2.67%, 5/8/2008  

 

15,000,000 

 

14,992,213 

 

 

 

 

 

2.74%, 5/19/2008  

 

15,000,000 

 

14,979,450 

Victory Receivables Corp., 2.8%, 5/15/2008 

 

22,300,000

 

22,275,718

Westpac Banking Corp.:

 
 

2.87%, 6/5/2008  

 

25,000,000 

 

24,930,243 

 

2.98%, 5/2/2008  

 

15,000,000 

 

14,998,758

 

**1,751,305,682**

**Issued at Par 5.7%**

Atlantis One Funding Corp., 2.6%, 5/1/2008 

 

40,000,000

 

40,000,000

Chariot Funding LLC, 2.5%, 5/1/2008  

 

15,244,000 

 

15,244,000 

CVS Caremark Corp., 2.95%, 5/1/2008 

 

40,000,000

 

40,000,000

Kellogg Co., 3.3%, 5/1/2008  

 

15,000,000 

 

15,000,000 

Lehman Brothers Holdings, Inc., 2.7%, 5/1/2008  

 

20,000,000 

 

20,000,000 

Natexis Banques Populaires US Finance Co., LLC, 2.4%, 5/1/2008 

 

40,000,000

 

40,000,000

Nieuw Amsterdam Receivables Corp., 2.6%, 5/1/2008 

 

30,000,000

 

30,000,000

Romulus Funding Corp., 3.25%, 5/1/2008 

 

10,000,000

 

10,000,000

Starbird Funding Corp., 2.65%, 5/1/2008  

 

20,000,000 

 

20,000,000 

Volkswagen of America, 2.95%, 5/1/2008 

 

15,000,000

 

15,000,000

 

**245,244,000**

**Total Commercial Paper** (Cost $1,996,549,682)

 

**1,996,549,682**

 

**Short Term Notes* 23.2%**

 
Abbey National Treasury Services PLC:

 
 

3.26%, 2/20/2009  

 

25,000,000 

 

25,000,000 

 

3.315%, 4/24/2009  

 

15,000,000 

 

15,000,000 

ANZ National (International) Ltd., 144A, 3.21%, 4/10/2009 

 

12,500,000

 

12,500,000

Australia & New Zealand Banking Group Ltd., 144A, 3.35%, 5/1/2009 

 

20,000,000

 

20,000,000

Banco Espanol de Credito SA, 2.907%, 8/11/2008 

 

50,000,000

 

50,000,000

Bank of America NA:

 
 

2.315%, 5/16/2008  

 

11,500,000 

 

11,500,000 

 

3.208%, 5/1/2009  

 

23,980,000 

 

23,980,000 

Bank of Scotland PLC, 4.614%, 5/6/2009 

 

27,500,000

 

27,500,000

BNP Paribas:

 
 

2.886%, 8/25/2008  

 

30,000,000 

 

30,000,000 

 

4.079%, 2/13/2009  

 

15,000,000 

 

15,000,000 

Caja de Ahorros y Monte de Piedad de Madrid, 2.967%, 8/12/2008 

 

25,000,000

 

25,000,000

Canadian Imperial Bank of Commerce:

 
 

2.41%, 6/9/2008  

 

14,000,000 

 

14,000,000 

 

2.773%, 7/18/2008  

 

15,000,000 

 

14,993,769 

Commonwealth Bank of Australia, 2.703%, 12/18/2008 

 

10,000,000

 

9,998,355

Credit Agricole SA:

 
 

2.568%, 7/22/2008  

 

40,000,000 

 

40,000,000 

 

144A, 2.828%, 4/22/2009  

 

37,500,000 

 

37,500,000 

Danske Bank AS, 2.77%, 8/19/2008 

 

44,000,000

 

43,999,117

DNB NOR Bank ASA, 2.895%, 9/24/2008 

 

15,000,000

 

15,000,000

Fortis Bank SA, 2.787%, 7/18/2008 

 

18,500,000

 

18,504,137

General Electric Capital Corp., 2.915%, 8/19/2011 

 

30,000,000

 

30,000,000

HSBC Bank USA NA, 2.725%, 8/15/2008 

 

65,000,000

 

65,002,015

HSBC Finance Corp., 2.761%, 8/6/2008 

 

15,000,000

 

15,000,000

HSH Nordbank AG, 2.82%, 8/20/2008 

 

25,000,000

 

25,000,000

ING Bank NV, 144A, 3.281%, 3/26/2009 

 

10,000,000

 

10,000,000

Intesa Bank Ireland PLC, 2.905%, 8/22/2008 

 

65,000,000

 

65,000,000

JPMorgan Chase & Co., 2.723%, 4/3/2009 

 

40,000,000

 

39,998,114

Metropolitan Life Global Funding I, 144A, 2.96%, 5/8/2009  

 

7,500,000 

 

7,500,000 

National Australia Bank Ltd.:

 
 

3.045%, 4/7/2009  

 

15,000,000 

 

15,000,000 

 

3.27%, 2/19/2009  

 

22,500,000 

 

22,500,000 

 

 

 

 

Natixis, 3.24%, 4/6/2009 

 

35,000,000

 

35,000,000

Nordea Bank AB, 2.724%, 9/8/2008 

 

50,000,000

 

49,999,482

Procter & Gamble International Funding SCA, 3.14%, 2/19/2009 

 

7,500,000

 

7,500,000

Rabobank Nederland NV, 144A, 2.89%, 4/30/2009 

 

22,500,000

 

22,500,000

Royal Bank of Canada, 144A, 3.251%, 5/15/2009 

 

22,000,000

 

22,000,000

Skandinaviska Enskilda Banken AB, 2.752%, 8/19/2008 

 

7,000,000

 

7,000,000

Toyota Motor Credit Corp., 2.48%, 3/12/2009 

 

15,000,000

 

15,000,000

UniCredito Italiano Bank (Ireland) PLC:

 
 

2.705%, 8/8/2008  

 

24,000,000 

 

23,999,572 

 

2.735%, 8/14/2008  

 

32,000,000 

 

32,000,000 

 

2.744%, 8/8/2008  

 

41,000,000 

 

41,000,000 

**Total Short Term Notes** (Cost $1,000,474,561)

 

**1,000,474,561**

 

**Master Note 2.0%**

 
Citigroup Global Markets, Inc., 2.587%*, 5/1/2008 (a) (Cost $85,000,000)

 

85,000,000

 

**85,000,000**

 

**Asset Backed 0.5%**

 
Steers (Delaware) Business Trust, 144A, 2.906% *, 5/27/2048 (Cost $23,310,778)

 

23,310,778

 

**23,310,778**

 

**Time Deposits 1.2%**

 
BNP Paribas, 2.437%, 5/1/2008 

 

25,000,000

 

25,000,000

Calyon, 2.45%, 5/1/2008 

 

25,000,000

 

25,000,000

**Total Time Deposits** (Cost $50,000,000)

 

**50,000,000**

 

**Government & Agency Obligations 2.7%**

 
**US Government Sponsored Agencies 2.3%**

Federal Home Loan Bank:

 
 

2.49% *, 4/3/2009  

 

12,000,000 

 

12,000,000 

 

4.1% **, 7/22/2008  

 

12,000,000 

 

11,887,933 

Federal Home Loan Mortgage Corp., 4.15% **, 6/9/2008 

 

12,000,000

 

11,946,050

Federal National Mortgage Association:

 
 

2.45% *,  9/3/2009    

 

50,000,000 

 

49,996,653 

 

3.73% **, 5/29/2008  

 

15,000,000 

 

14,956,483 

 

**100,787,119**

**US Treasury Obligation 0.4%**

 
US Treasury Bill, 1.6% **, 10/23/2008 

 

15,000,000

 

**14,883,334**

**Total Government & Agency Obligations** (Cost $115,670,453)

 

**115,670,453**

 

**Repurchase Agreements 3.2%**

 
Banc of America Securities LLC, 2.0%, dated 4/30/2008, to be repurchased at $33,001,833 on 5/1/2008 (b)

 

33,000,000

 

33,000,000

BNP Paribas, 2.0%, dated 4/30/2008, to be repurchased at $25,001,389 on 5/1/2008 (c)

 

25,000,000

 

25,000,000

Greenwich Capital Markets, Inc., 2.0%, dated 4/30/2008, to be repurchased at $78,835,096 on 5/1/2008 (d)

 

78,830,717

 

78,830,717

**Total Repurchase Agreements** (Cost $136,830,717)

 

**136,830,717**

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $4,338,508,434) †

100.7

 

**4,338,508,434**

**Other Assets and Liabilities, Net**

(0.7)

 

**(31,153,914)**

**Net Assets**

100.0

 

**4,307,354,520**

 

*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.*

***

*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 April 30, 2008.*

****

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

 

 

 

 

*†*

*The cost for federal income tax purposes was $4,338,508,434.*

*(a)*

*Reset date; not a maturity date.*

*(b)*

*Collateralized by $34,137,212 Federal National Mortgage Association, 5.0%, maturing on 9/1/2033 with a value of $33,660,000.*

*(c)*

*Collateralized by $24,796,057 Federal National Mortgage Association, 6.0%, maturing on 12/1/2034 with a value of $25,500,000.*

*(d)*

*Collateralized by $79,809,077 Federal National Mortgage Association, 5.5%, with various maturity dates of 2/1/2038-5/1/2038 with a value of $80,412,300.*

*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.*

 

 

**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 fiscal quarter 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 Money Market Prime Series, a series of DWS Money Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

June 16, 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 Money Market Prime Series, a series of DWS Money Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

June 16, 2008

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        June 16, 2008

 

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