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  811-43

DWS Investment Trust

(Exact name of registrant as specified in charter)

 

Two International Place

Boston, MA  02110

(Address of principal executive offices)             (Zip code)

 

Paul Schubert

345 Park Avenue

New York, NY  10154

(Name and address of agent for service)

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

Date of fiscal year end:  09/30

Date of reporting period: 12/31/07

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

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

 

 

**DWS Capital Growth Fund**

 

|   | **Shares**              |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        | **Value ($)** |
|--------|-------------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Common Stocks 98.0%** |  
**Consumer Discretionary 10.1%**

 
**Automobiles 0.6%**

 
Harley-Davidson, Inc.  

 

262,000 

 

**12,238,020**

**Hotels Restaurants & Leisure 1.7%**

 
McDonald's Corp.  

 

549,500 

 

**32,371,045**

**Household Durables 0.4%**

 
Fortune Brands, Inc.  

 

93,400 

 

**6,758,424**

**Media 1.4%**

 
McGraw-Hill Companies, Inc.  

 

295,800 

 

12,958,998 

Omnicom Group, Inc.  

 

305,900 

 

14,539,427 

 

**27,498,425**

 

 

 

 

**Multiline Retail 2.4%**

 
Kohl's Corp.*  

 

383,100 

 

17,545,980 

Target Corp.  

 

564,800 

 

28,240,000 

 

**45,785,980**

**Specialty Retail 2.9%**

 
Best Buy Co., Inc.  

 

191,200 

 

10,066,680 

GameStop Corp. "A"*  

 

321,600 

 

19,974,576 

Staples, Inc.  

 

577,850 

 

13,331,000 

Tiffany & Co.  

 

281,200 

 

12,943,636 

 

**56,315,892**

**Textiles, Apparel & Luxury Goods 0.7%**

 
Coach, Inc.*  

 

430,200 

 

**13,155,516**

**Consumer Staples 11.0%**

 
**Beverages 3.9%**

 
Diageo PLC  

 

943,933 

 

20,293,128 

PepsiCo, Inc.  

 

726,900 

 

55,171,710 

 

**75,464,838**

**Food & Staples Retailing 1.5%**

 
Shoppers Drug Mart Corp.  

 

201,200 

 

10,857,604 

Walgreen Co.  

 

448,400 

 

17,075,072 

 

**27,932,676**

**Food Products 2.9%**

 
Dean Foods Co.  

 

716,900 

 

18,539,034 

Groupe Danone  

 

210,006 

 

18,852,215 

Kellogg Co.  

 

337,300 

 

17,684,639 

 

**55,075,888**

**Household Products 2.7%**

 
Colgate-Palmolive Co.  

 

240,500 

 

18,749,380 

Procter & Gamble Co.  

 

458,800 

 

33,685,096 

 

**52,434,476**

**Energy 14.1%**

 
**Energy Equipment & Services 6.4%**

 
Baker Hughes, Inc.  

 

412,000 

 

33,413,200 

Noble Corp.  

 

384,100 

 

21,705,491 

Schlumberger Ltd.  

 

520,300 

 

51,181,911 

Transocean, Inc.*  

 

118,116 

 

16,908,305 

 

**123,208,907**

**Oil, Gas & Consumable Fuels 7.7%**

 
ConocoPhillips  

 

261,750 

 

23,112,525 

Devon Energy Corp.  

 

417,300 

 

37,102,143 

EOG Resources, Inc.  

 

381,800 

 

34,075,650 

Valero Energy Corp.  

 

243,400 

 

17,045,302 

XTO Energy, Inc.  

 

697,875 

 

35,842,860 

 

**147,178,480**

**Financials 5.0%**

 
**Capital Markets 2.5%**

 
Lehman Brothers Holdings, Inc.  

 

362,000 

 

23,689,280 

State Street Corp.  

 

296,500 

 

24,075,800 

 

**47,765,080**

**Diversified Financial Services 1.3%**

 
CME Group, Inc.  

 

36,588 

 

**25,099,368**

 

 

 

 

**Insurance 1.2%**

 
Aflac, Inc.  

 

378,230 

 

**23,688,545**

**Health Care 17.2%**

 
**Biotechnology 4.3%**

 
Celgene Corp.*  

 

303,800 

 

14,038,598 

Genentech, Inc.*  

 

418,600 

 

28,075,502 

Gilead Sciences, Inc.*  

 

888,500 

 

40,879,885 

 

**82,993,985**

**Health Care Equipment & Supplies 5.5%**

 
Baxter International, Inc.  

 

597,000 

 

34,655,850 

C.R. Bard, Inc.  

 

201,200 

 

19,073,760 

Hologic, Inc.*  

 

81,200 

 

5,573,568 

Medtronic, Inc.  

 

542,000 

 

27,246,340 

Zimmer Holdings, Inc.*  

 

282,530 

 

18,689,360 

 

**105,238,878**

**Health Care Providers & Services 2.1%**

 
Laboratory Corp. of America Holdings*  

 

185,500 

 

14,010,815 

UnitedHealth Group, Inc.  

 

440,100 

 

25,613,820 

 

**39,624,635**

**Life Sciences Tools & Services 1.0%**

 
Thermo Fisher Scientific, Inc.*  

 

341,800 

 

**19,715,024**

**Pharmaceuticals 4.3%**

 
Abbott Laboratories  

 

393,500 

 

22,095,025 

Eli Lilly & Co.  

 

191,200 

 

10,208,168 

Johnson & Johnson  

 

756,406 

 

50,452,280 

 

**82,755,473**

**Industrials 10.8%**

 
**Aerospace & Defense 4.3%**

 
Goodrich Corp.  

 

269,100 

 

19,001,151 

Honeywell International, Inc.  

 

507,100 

 

31,222,147 

United Technologies Corp.  

 

415,900 

 

31,832,986 

 

**82,056,284**

**Electrical Equipment 2.5%**

 
Emerson Electric Co.  

 

832,800 

 

**47,186,448**

**Industrial Conglomerates 1.5%**

 
General Electric Co.  

 

759,900 

 

**28,169,493**

**Machinery 1.6%**

 
Caterpillar, Inc.  

 

137,000 

 

9,940,720 

Parker Hannifin Corp.  

 

289,300 

 

21,787,183 

 

**31,727,903**

**Road & Rail 0.9%**

 
Canadian National Railway Co.  

 

370,000 

 

**17,364,100**

**Information Technology 23.3%**

 
**Communications Equipment 2.8%**

 
Cisco Systems, Inc.*  

 

1,162,550 

 

31,470,229 

QUALCOMM, Inc.  

 

570,500 

 

22,449,175 

 

**53,919,404**

**Computers & Peripherals 7.6%**

 
Apple, Inc.*  

 

233,300 

 

46,212,064 

Dell, Inc.*  

 

333,600 

 

8,176,536 

EMC Corp.*  

 

1,385,500 

 

25,673,315 

 

 

 

 

Hewlett-Packard Co.  

 

701,200 

 

35,396,576 

International Business Machines Corp.  

 

278,900 

 

30,149,090 

 

**145,607,581**

**Electronic Equipment & Instruments 1.0%**

 
Mettler-Toledo International, Inc.*  

 

166,000 

 

**18,890,800**

**Internet Software & Services 1.3%**

 
Google, Inc. "A"*  

 

37,300 

 

**25,792,204**

**IT Services 2.9%**

 
Accenture Ltd. "A"  

 

674,800 

 

24,313,044 

Fiserv, Inc.*  

 

284,300 

 

15,775,807 

Paychex, Inc.  

 

398,700 

 

14,440,914 

 

**54,529,765**

**Semiconductors & Semiconductor Equipment 2.6%**

 
Broadcom Corp. "A"*  

 

325,650 

 

8,512,491 

Intel Corp.  

 

1,578,090 

 

42,071,879 

 

**50,584,370**

**Software 5.1%**

 
Adobe Systems, Inc.*  

 

552,700 

 

23,616,871 

Electronic Arts, Inc.*  

 

307,700 

 

17,972,757 

Microsoft Corp.  

 

1,212,380 

 

43,160,728 

VMware, Inc. "A"* (a) 

 

140,900 

 

11,975,091 

 

**96,725,447**

**Materials 4.4%**

 
**Chemicals**

Ecolab, Inc.  

 

412,400 

 

21,119,004 

Monsanto Co.  

 

319,800 

 

35,718,462 

Praxair, Inc.  

 

302,300 

 

26,817,033 

 

**83,654,499**

**Telecommunication Services 1.5%**

 
**Diversified Telecommunication Services 1.0%**

 
AT&T, Inc.  

 

453,200 

 

**18,834,992**

**Wireless Telecommunication Services 0.5%**

 
American Tower Corp. "A"* (a) 

 

223,500 

 

**9,521,100**

**Utilities 0.6%**

 
**Electric Utilities**

Allegheny Energy, Inc.  

 

164,800 

 

**10,482,928**

**Total Common Stocks** (Cost $1,191,607,192)

 

**1,877,346,873**

 

**Securities Lending Collateral 0.6%**

 
Daily Assets Fund Institutional, 5.03%  (b) (c)(Cost $10,665,200)

 

 

10,665,200

 

**10,665,200**

 

**Cash Equivalents 2.2%**

 
Cash Management QP Trust, 4.67%  (b)(Cost $42,380,882)

 

 

42,380,882

 

**42,380,882**

 

 

 

 

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $1,244,653,274) 

100.8

 

**1,930,392,955**

**Other Assets and Liabilities, Net**

(0.8)

 

**(14,769,183)**

**Net Assets**

100.0

 

**1,915,623,772**

 

*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)*

*All or a portion of these securities were on loan.  The value of all securities loaned at December 31, 2007 amounted to $10,449,220 which is 0.5% of net assets.*

*(b)*

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

*(c)*

*Represents collateral held in connection with securities lending. Income earned by the Fund is net of borrower rebates.*

 

 

**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 Capital Growth Fund, a series of DWS Investment 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: 

DWS Capital Growth Fund, a series of DWS Investment 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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