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            811-08227

DWS Investors Funds, Inc.

(Exact name of registrant as specified in            charter)

 

One            South Street

Baltimore, MD 21202

(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:08/31

Date of reporting            period:11/30/07

 

ITEM 1.            SCHEDULE OF INVESTMENTS

 

| Investment Portfolio | **as of November 30, 2007 (Unaudited)** |
|----------------------|-----------------------------------------|

             

 

**DWS            Japan Equity Fund**

 

 

|                                                | **Shares**              |    | **Value                            ($)** |
|-----------------------------------------------------|-------------------------|---------|------------------------------------------|
|                                                     |
|                                                | **Common Stocks 98.6%** |    |
| **Consumer Discretionary 19.0%**                    |                    |
| **Auto Components                            1.9%** |                    |
| Denso Corp.                                         |                    | 64,000  |                                     | **2,604,531** |
| **Automobiles                            7.2%**     |                    |
| Honda Motor Co., Ltd.                               |                    | 25,000  |                                     | 859,415 |
| Isuzu Motors Ltd.                                   |                    | 634,000 |                                     | 2,937,795 |
| Suzuki Motor Corp.                                  |                    | 32,000  |                                     | 1,045,049 |
| Toyota Motor Corp.                                  |                    | 87,800  |                                     | 4,943,978 |
|                                                     |
|                                                | **9,786,237**           |
|                                                     |                         |         |                                          |  |  |  |  |

 

 

 

| **Household Durables                            4.0%**                       |           |
|------------------------------------------------------------------------------|----------------|
| Makita Corp.                                                                 |           | 55,500 |   | 2,469,814 |
| Sony Corp.                                                                   |           | 56,500 |   | 3,050,013 |
|                                                                              |
|                                                                         | **5,519,827**  |
| **Leisure Equipment &                            Products 0.8%**         |           |
| Nikon Corp.                                                                  |           | 33,000 |   | **1,033,541** |
| **Media                            2.4%**                                    |           |
| Daiichikosho Co., Ltd.                                                       |           | 127,200 |   | 1,452,857 |
| SKY Perfect JSAT Corp.                                                       |           | 4,181 |   | 1,778,945 |
|                                                                              |
|                                                                         | **3,231,802**  |
| **Specialty Retail                            2.7%**                         |           |
| Alpen Co., Ltd.                                                              |           | 83,800 |   | 1,422,647 |
| NAFCO Co., Ltd.                                                              |           | 51,400 |   | 1,007,677 |
| Nitori Co., Ltd.                                                             |           | 26,500 |   | 1,297,834 |
|                                                                              |
|                                                                         | **3,728,158**  |
| **Consumer Staples 1.4%**                                                    |           |
| **Personal                            Products**                             |
| Kobayashi Pharmaceutical Co., Ltd.                                           |           | 51,500 |   | **1,844,224** |
| **Energy 1.9%**                                                              |           |
| **Oil, Gas & Consumable                            Fuels**               |
| Nippon Mining Holdings, Inc.                                                 |           | 348,000 |   | **2,549,584** |
| **Financials 18.5%**                                                         |           |
| **Capital Markets                            2.7%**                          |           |
| Nomura Holdings, Inc.                                                        |           | 82,000 |   | 1,468,586 |
| SBI Holdings, Inc.                                                           |           | 7,410 |   | 2,221,876 |
|                                                                              |
|                                                                         | **3,690,462**  |
| **Commercial Banks                            8.3%**                         |           |
| Fukuoka Financial Group, Inc.*                                               |           | 101,000 |   | 664,009 |
| Mitsubishi UFJ Financial Group, Inc.                                         |           | 269,100 |   | 2,637,045 |
| Mizuho Financial Group, Inc.                                                 |           | 707 |   | 3,801,632 |
| Sumitomo Mitsui Financial Group, Inc.                                        |           | 476 |   | 4,159,796 |
|                                                                              |
|                                                                         | **11,262,482** |
| **Consumer Finance                            2.0%**                         |           |
| ORIX Corp.                                                                   |           | 12,980 |   | **2,668,770** |
| **Insurance                            2.7%**                                |           |
| Millea Holdings, Inc.                                                        |           | 50,100 |   | 1,763,318 |
| T&D Holdings, Inc.                                                       |           | 32,750 |   | 1,904,484 |
|                                                                              |
|                                                                         | **3,667,802**  |
| **Real Estate Management &                            Development 2.8%** |           |
| Kenedix, Inc.                                                                |           | 909 |   | 1,725,465 |
| Mitsubishi Estate Co., Ltd.                                                  |           | 40,000 |   | 1,078,152 |
| Mitsui Fudosan Co., Ltd.                                                     |           | 42,000 |   | 1,082,254 |
|                                                                              |
|                                                                         | **3,885,871**  |
| **Health Care 2.3%**                                                         |           |
| **Pharmaceuticals**                                                          |
| Astellas Pharma, Inc.                                                        |           | 35,800 |   | 1,589,702 |
| Tsumura & Co.                                                            |           | 74,200 |   | 1,565,907 |
|                                                                              |
|                                                                         | **3,155,609**  |
| **Industrials 22.5%**                                                        |           |
| **Building Products                            0.9%**                        |           |
| Asahi Glass Co., Ltd.                                                        |           | 91,000 |   | **1,265,727** |
|                                                                              |                |  |  |  |  |

 

 

 

| **Commercial Services &                            Supplies 1.4%**           |           |
|----------------------------------------------------------------------------------|----------------|
| Matsuda Sangyo Co., Ltd.                                                         |           | 66,820 |   | **1,866,741** |
| **Construction &                            Engineering 1.0%**               |           |
| COMSYS Holdings Corp.                                                            |           | 169,000 |   | **1,393,591** |
| **Electrical Equipment                            1.5%**                         |           |
| Fujikura Ltd.                                                                    |           | 101,000 |   | 497,173 |
| Mitsubishi Electric Corp.                                                        |           | 133,000 |   | 1,517,471 |
|                                                                                  |
|                                                                             | **2,014,644**  |
| **Machinery                            9.1%**                                    |           |
| Komatsu Ltd.                                                                     |           | 122,100 |   | 3,720,251 |
| Kurita Water Industries Ltd.                                                     |           | 67,000 |   | 1,960,821 |
| NTN Corp.                                                                        |           | 220,000 |   | 1,930,374 |
| Sumitomo Heavy Industries Ltd.                                                   |           | 252,000 |   | 2,739,314 |
| Tadano Ltd.                                                                      |           | 179,000 |   | 2,078,109 |
|                                                                                  |
|                                                                             | **12,428,869** |
| **Marine                            1.6%**                                       |           |
| Mitsui O.S.K. Lines Ltd.                                                         |           | 151,000 |   | **2,262,748** |
| **Road & Rail                            1.0%**                              |           |
| Hamakyorex Co., Ltd.                                                             |           | 56,700 |   | **1,327,548** |
| **Trading Companies &                            Distributors 6.0%**         |           |
| Mitsubishi Corp.                                                                 |           | 87,000 |   | 2,515,501 |
| Mitsui & Co., Ltd.                                                           |           | 128,000 |   | 2,959,731 |
| Sumitomo Corp.                                                                   |           | 176,400 |   | 2,644,103 |
|                                                                                  |
|                                                                             | **8,119,335**  |
| **Information Technology 12.1%**                                                 |           |
| **Computers & Peripherals                            0.6%**                  |           |
| Seiko Epson Corp.                                                                |           | 35,200 |   | **785,223** |
| **Electronic Equipment &                            Instruments 3.7%**       |           |
| Iriso Electronics Co., Ltd.                                                      |           | 66,500 |   | 1,559,730 |
| Nidec Corp.                                                                      |           | 26,500 |   | 1,993,227 |
| TDK Corp.                                                                        |           | 22,000 |   | 1,568,466 |
|                                                                                  |
|                                                                             | **5,121,423**  |
| **IT Services                            0.5%**                                  |           |
| Otsuka Corp.                                                                     |           | 7,100 |   | **633,116** |
| **Office Electronics                            1.6%**                           |           |
| Canon, Inc.                                                                      |           | 41,100 |   | **2,164,242** |
| **Semiconductors &                            Semiconductor Equipment 5.7%** |           |
| Disco Corp.                                                                      |           | 35,700 |   | 2,111,655 |
| Micronics Japan Co., Ltd.                                                        |           | 89,900 |   | 2,467,073 |
| Shinko Electric Industries Co., Ltd.                                             |           | 45,700 |   | 1,000,881 |
| Sumco Techxiv Corp.                                                              |           | 11,100 |   | 568,778 |
| Tokyo Electron Ltd.                                                              |           | 25,700 |   | 1,587,198 |
|                                                                                  |
|                                                                             | **7,735,585**  |
| **Materials 18.5%**                                                              |           |
| **Chemicals                            9.9%**                                    |           |
| Hitachi Chemical Co., Ltd.                                                       |           | 84,000 |   | 1,990,978 |
| JSR Corp.                                                                        |           | 78,500 |   | 1,900,019 |
| Mitsubishi Rayon Co., Ltd.                                                       |           | 383,000 |   | 2,073,614 |
| Shin-Etsu Chemical Co., Ltd.                                                     |           | 52,600 |   | 3,132,416 |
| Sumitomo Chemical Co., Ltd.                                                      |           | 222,000 |   | 1,894,707 |
| Taiyo Ink Manufacturing Co., Ltd.                                                |           | 64,100 |   | 1,968,377 |
|                                                                                  |                |  |  |  |  |

 

 

 

| Ube Industries Ltd.                                                                      |                                                                                                                                                                                                                                                                                           | 153,000         |                                     | 557,875       |
|------------------------------------------------------------------------------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-----------------|------------------------------------------|---------------|
|                                                                                          |
|                                                                                     | **13,517,986**                                                                                                                                                                                                                                                                                 |
| **Metals & Mining                            8.6%**                                  |                                                                                                                                                                                                                                                                                           |
| Dowa Holdings Co., Ltd.                                                                  |                                                                                                                                                                                                                                                                                           | 339,000         |                                     | 2,386,465     |
| Godo Steel Ltd.                                                                          |                                                                                                                                                                                                                                                                                           | 532,000         |                                     | 1,558,999     |
| Hitachi Metals Ltd.                                                                      |                                                                                                                                                                                                                                                                                           | 130,000         |                                     | 1,801,702     |
| JFE Holdings, Inc.                                                                       |                                                                                                                                                                                                                                                                                           | 44,900          |                                     | 2,464,326     |
| Kobe Steel Ltd.                                                                          |                                                                                                                                                                                                                                                                                           | 411,000         |                                     | 1,353,723     |
| Nippon Steel Corp.                                                                       |                                                                                                                                                                                                                                                                                           | 255,000         |                                     | 1,539,468     |
| Osaka Steel Co., Ltd.                                                                    |                                                                                                                                                                                                                                                                                           | 42,300          |                                     | 583,116       |
|                                                                                          |
|                                                                                     | **11,687,799**                                                                                                                                                                                                                                                                                 |
| **Telecommunication Services 2.4%**                                                      |                                                                                                                                                                                                                                                                                           |
| **Wireless Telecommunication                            Services**                       |
| KDDI Corp.                                                                               |                                                                                                                                                                                                                                                                                           | 464             |                                     | **3,292,780** |
|                                                                                          |
| **Total Common Stocks**(Cost $136,375,910)                                               |                                                                                                                                                                                                                                                                                           | **134,246,257** |
|                                                                                     | **Rights 0.1%**                                                                                                                                                                                                                                                                                |            |
| **Materials**                                                                            |                                                                                                                                                                                                                                                                                           |
| Dowa Holdings Co., Ltd., Expiration Date 1/29/2010*                            (Cost $0) |                                                                                                                                                                                                                                                                                           | 270,000         |                                     | **71,135**    |
|                                                                                     | **Cash Equivalents 1.2%**                                                                                                                                                                                                                                                                      |            |
| Cash Management QP Trust, 4.88% (a)(Cost $1,685,596)                                     |                                                                                                                                                                                                                                                                                           |            | 1,685,596                                |          | **1,685,596** |
|                                                                                     | **%                            of****Net Assets**                                                                                                                                                                                                                                              |            | **Value                            ($)** |
|                                                                                          |
| **Total Investment Portfolio**(Cost $138,061,506)                                        | 99.9                                                                                                                                                                                                                                                                                           |            | **136,002,988**                          |
| **Other Assets and Liabilities, Net**                                                    | 0.1                                                                                                                                                                                                                                                                                            |            | **169,643**                              |
|                                                                                          |
| **Net Assets**                                                                           | 100.0                                                                                                                                                                                                                                                                                          |            | **136,172,631**                          |
|                                                                                     | *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.*                                                                                                                                                                                                                                                               |
| *(a)*                                                                                    | *Affiliated fund managed by Deutsche Investment                            Management Americas Inc. The rate shown is the annualized seven-day                            yield at period end.*                                                                                                |
|                                                                                          |                                                                                                                                                                                                                                                                                                |                 |                                          |               |  |  |  |  |  |  |

             

 

 

| **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 Japan Equity Fund, a series of DWS Investors Funds,                            Inc. |
|-------------|-----------------------------------------------------------------------------------------|

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | January 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 Japan Equity Fund, a series of DWS Investors Funds,                            Inc. |
|-------------|-----------------------------------------------------------------------------------------|

 

| By: | /s/Michael G. Clark |
|-----|---------------------|

|   | Michael G. Clark |
|--------|------------------|

President

 

| Date: | January 16, 2008 |
|-------|------------------|

 

 

| By: | /s/Paul Schubert |
|-----|------------------|

|   | Paul Schubert |
|--------|---------------|

Chief Financial Officer and Treasurer

 

| Date: | January 16, 2008 |
|-------|------------------|