Supplement to the currently effective  Statements of Additional  Information for
the listed Fund:

DWS Emerging Markets Equity Fund

--------------------------------------------------------------------------------

The following  information replaces similar disclosure in the "Management of the
Fund" section of the  above-referenced  Fund's currently effective Statements of
Additional Information.


Investment Advisor

DIMA,  which is part of Deutsche Asset  Management  ("DeAM"),  is the investment
advisor for each Fund.  Under the  supervision  of the Board of Directors of the
Funds,  DIMA, with  headquarters  at 345 Park Avenue,  New York, New York 10154,
makes the Funds' investment  decisions,  buys and sells securities for each Fund
and  conducts  research  that leads to these  purchase and sale  decisions.  The
Advisor manages each Fund's daily investment and business affairs subject to the
policies  established  by each  Corporation's  Board of Directors.  DIMA and its
predecessors  have more than 80 years of  experience  managing  mutual funds and
provides a full range of  investment  advisory  services  to  institutional  and
retail  clients.  The  Advisor is also  responsible  for  selecting  brokers and
dealers and for negotiating brokerage commissions and dealer charges.

DeAM is the  marketing  name in the US for the asset  management  activities  of
Deutsche Bank AG, DIMA,  Deutsche  Asset  Management  Inc.,  Deutsche Bank Trust
Company  Americas  and DWS  Trust  Company.  DeAM is a global  asset  management
organization  that offers a wide range of  investing  expertise  and  resources,
including hundreds of portfolio managers and analysts and an office network that
reaches  the  world's  major  investment  centers.  This  well-resourced  global
investment  platform brings together a wide variety of experience and investment
insight, across industries, regions, asset classes and investing styles. DIMA is
an indirect,  wholly owned subsidiary of Deutsche Bank AG. Deutsche Bank AG is a
major global  banking  institution  that is engaged in a wide range of financial
services,  including  investment  management,  mutual fund, retail,  private and
commercial banking, investment banking and insurance. The term "DWS Investments"
is the designation  given to the products and services  provided by DeAM and its
affiliates to the DWS Mutual Funds.

The Advisor provides  investment  counsel for many individuals and institutions,
including  insurance  companies,  industrial  corporations,  and  financial  and
banking  organizations,  as well as  providing  investment  advice  to open- and
closed-end SEC registered funds.

In certain cases, the investments for a Fund are managed by the same individuals
who manage one or more  other  mutual  funds  advised by the  Advisor  that have
similar names, objectives and investment styles. You should be aware that a Fund
is likely to differ from these other mutual funds in size, cash flow pattern and
tax matters. Accordingly, the holdings and performance of a Fund can be expected
to vary from those of these other mutual funds.

The  Funds  and the  shareholders  of each Fund have  approved  an  amended  and
restated investment management agreement (the "Investment Management Agreement")
for the Funds.  Pursuant to the  Investment  Management  Agreement,  the Advisor
provides  continuing  investment  management  of the  assets  of each  Fund.  In
addition to the  investment  management of the assets of each Fund,  the Advisor
determines the  investments to be made for each Fund,  including what portion of
its assets  remain  uninvested  in cash or cash  equivalents,  and with whom the
orders for  investments  are placed,  consistent  with each  Fund's  policies as
stated in its  prospectus  and SAI,  or as adopted  by each  Fund's  Board.  The
Advisor  will  also  monitor,  to  the  extent  not  monitored  by  each  Fund's
administrator or other agent, the Fund's  compliance with its investment and tax
guidelines and other compliance policies.

<PAGE>

The Advisor  provides  assistance to each Fund's Board in valuing the securities
and other  instruments held by each Fund, to the extent  reasonably  required by
valuation policies and procedures that may be adopted by each Fund.

Pursuant to each Investment Management Agreement,  (unless otherwise provided in
the agreement or as determined by each Fund's Board and to the extent  permitted
by applicable  law), the Advisor pays the  compensation  and expenses of all the
Board  members,  officers,  and executive  employees of the Fund,  including the
Fund's share of payroll taxes, who are affiliated persons of the Advisor.

Each  Investment  Management  Agreement  provides  that  the  Fund is  generally
responsible  for expenses  that  include:  fees payable to the Advisor;  outside
legal,  accounting  or auditing  expenses,  including  with  respect to expenses
related to negotiation,  acquisition or  distribution of portfolio  investments;
maintenance  of books and records that are  maintained  by the Fund,  the Fund's
custodian,  or other agents of the Fund; taxes and  governmental  fees; fees and
expenses   of  the   Fund's   accounting   agent,   custodian,   sub-custodians,
depositories,  transfer  agents,  dividend  reimbursing  agents and  registrars;
payment  for  portfolio  pricing  or  valuation   services  to  pricing  agents,
accountants,  bankers and other specialists,  if any;  brokerage  commissions or
other costs of  acquiring  or disposing  of any  portfolio  securities  or other
instruments  of the  Fund;  and  litigation  expenses  and  other  extraordinary
expenses not incurred in the ordinary course of the Fund's business.

Each Investment  Management  Agreement allows the Advisor to delegate any of its
duties under the  Agreement to a  subadvisor,  subject to a majority vote of the
Board of the Fund,  including  a  majority  of the Board who are not  interested
persons of the Fund, and, if required by applicable  law,  subject to a majority
vote of the Fund's shareholders.

Each  Investment  Management  Agreement  provides  that the Advisor shall not be
liable for any error of judgment  or mistake of law or for any loss  suffered by
the Fund in  connection  with matters to which the agreement  relates,  except a
loss resulting from willful  malfeasance,  bad faith or gross  negligence on the
part of the Advisor in the performance of its duties or from reckless  disregard
by the  Advisor  of  its  obligations  and  duties  under  the  agreement.  Each
Investment  Management  Agreement may be terminated at any time, without payment
of penalty,  by either party or by vote of a majority of the outstanding  voting
securities of the Fund on 60 days' written notice.

In  addition,  the Board and  shareholders  of each  Fund  have  approved  a new
subadvisor approval policy for the Fund (the "Subadvisor Approval Policy").  The
Subadvisor  Approval Policy permits the Advisor,  subject to the approval of the
Board,  including a majority of its  independent  board members,  to appoint and
replace  subadvisors  and to  amend  sub-advisory  contracts  without  obtaining
shareholder approval. Under the Subadvisor Approval Policy, the Board, including
its  independent  board  members,  will continue to evaluate and approve all new
sub-advisory  contracts  between the Advisor and any subadvisor,  as well as all
changes to any existing  sub-advisory  contract.  Each Fund cannot implement the
Subadvisor  Approval Policy without the SEC either adopting revisions to current
rules (as it proposed  to do in October  2003) or  granting  the Fund  exemptive
relief  from  existing  rules.  Each Fund and the  Advisor  would be  subject to
certain  conditions  imposed  by the SEC  (and  certain  conditions  that may be
imposed in the future within either  exemptive  relief or a rule) to ensure that
the interests of the Fund and its shareholders are adequately protected whenever
the Advisor acts under the Subadvisor Approval Policy, including any shareholder
notice requirements.

DWS Emerging Markets Equity Fund

Effective July 1, 2006, DWS Emerging  Markets Equity Fund pays the Advisor under
the investment management agreement a fee, calculated daily and paid monthly, at
the annual rate of 1.015% of the first $250 million of the fund's  average daily
net  assets,  0.99% on the next $500  million  of the fund's  average  daily net
assets, and 0.965%  thereafter.  Prior to July 1, 2006 the Fund paid the Advisor
an advisory fee at the annual rate of 1.10% of the first $250 million of average
daily net assets,  1.075% on the average  daily  assets of the next $500 million
and  1.05% on the  average  daily  net  assets  thereafter.  The fee is  payable
monthly,  provided  that the Fund  will  make such  interim  payments  as may be
requested by the Advisor not

<PAGE>

to exceed 75% of the amount of the fee then accrued on the books of the Fund and
unpaid.  For the fiscal  years ended  October  31,  2007,  2006* and 2005*,  the
Advisor  imposed  management  fees  amounting  to  $3,495,652,   $3,482,511  and
$2,517,714, respectively.

*    Prior to July 1, 2006, these fees included an administrative service fee.

Through September 30, 2008, the Advisor has contractually agreed to waive all or
a portion of its management  fee and reimburse or pay operating  expenses of the
Fund to extent  necessary  to maintain the Fund's  total  operating  expenses at
2.71% and 1.71% for the Fund's Class B shares and  Institutional  Class  shares,
respectively,  excluding certain expenses such as extraordinary expenses, taxes,
brokerage  and   interest.   Through   September  30,  2007,   the  Advisor  had
contractually  agreed  to  waive  all or a  portion  of its  management  fee and
reimburse  or pay  operating  expenses  of the Fund to the extent  necessary  to
maintain the Fund's total operating expenses at 2.74% for the Fund's Class B and
Class C shares,  respectively,  excluding certain expenses such as extraordinary
expenses,  taxes,  brokerage,  interest,  proxy and  organizational and offering
expenses.

Through April 13, 2009, the Advisor has  contractually  agreed to waive all or a
portion of its  management  fee and reimburse or pay  operating  expenses of the
Fund to the extent necessary to maintain the Fund's total operating  expenses at
1.55% for Class S  shares,  excluding  certain  expenses  such as  extraordinary
expenses, taxes, brokerage, and interest.






















               Please Retain This Supplement for Future Reference


June 24, 2008