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  811-06071

DWS Institutional Funds

(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:  06/30

Date of reporting period: 09/30/07

 

ITEM 1.  SCHEDULE OF INVESTMENTS

 

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

 

 

**Daily Assets Fund Institutional**

 

|   | **Principal****Amount ($)**                      |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 | **Value ($)** |
|--------|--------------------------------------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------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|        |
|   | **Certificates of Deposit and Bank Notes 15.8%** |  
ABN AMRO Bank NV, 5.65%, 12/17/2007 

 

54,000,000

 

54,016,992

Barclays Bank PLC:

 
 

5.22%, 12/27/2007  

 

72,127,000 

 

72,127,000 

 

5.31%, 11/1/2007  

 

35,000,000 

 

34,999,793 

 

5.5%, 3/12/2008  

 

39,000,000 

 

39,000,000 

Citibank NA, 5.3%, 2/20/2008 

 

15,000,000

 

15,000,000

Credit Agricole SA, 5.31%, 11/13/2007 

 

50,000,000

 

49,999,419

Credit Industrial et Commercial:

 
 

5.21%, 12/21/2007  

 

40,000,000 

 

40,000,888 

 

5.31%, 1/2/2008  

 

50,000,000 

 

50,001,274 

HSH NordBank AG, 5.35%, 1/11/2008 

 

44,500,000

 

44,499,512

KBC Bank NV, 5.7%, 3/6/2008 

 

25,000,000

 

25,010,510

 

 

 

 

Landesbank Baden Wurttemberg:

 
 

5.4%, 3/18/2008  

 

68,500,000 

 

68,500,000 

 

5.6%, 11/30/2007  

 

15,000,000 

 

15,000,000 

Mizuho Corporate Bank, 5.6%, 11/30/2007 

 

68,000,000

 

68,000,000

Norinchukin Bank, 5.345%, 11/26/2007 

 

22,500,000

 

22,500,000

Societe Generale:

 
 

5.305%, 1/24/2008  

 

40,000,000 

 

40,000,622 

 

5.35%, 1/18/2008  

 

30,000,000 

 

30,000,000 

 

5.35%, 1/22/2008  

 

50,000,000 

 

50,000,000 

UBS AG:

 
 

5.39%, 3/18/2008  

 

50,000,000 

 

50,000,000 

 

5.48%, 3/7/2008  

 

42,000,000 

 

42,000,000 

**Total Certificates of Deposit and Bank Notes** (Cost $810,656,010)

 

**810,656,010**

 

**Commercial Paper** 42.5%**

 
AstraZeneca PLC, 5.22%, 12/12/2007 

 

16,000,000

 

15,832,960

Atlantis One Funding Corp., 5.35%, 10/1/2007 

 

49,000,000

 

49,000,000

Bank of America Corp., 5.185%, 1/22/2008 

 

25,000,000

 

24,593,122

Beta Finance, Inc., 5.235%, 11/26/2007 

 

65,000,000

 

64,470,683

BNP Paribas Finance, Inc., 5.06%, 10/1/2007 

 

5,000,000

 

5,000,000

CAFCO LLC:

 
 

5.15%, 10/1/2007  

 

5,650,000 

 

5,650,000 

 

5.3%, 10/1/2007  

 

68,240,000 

 

68,240,000 

Caisse Nationale Des Caisses D'Epargne et Prevoyance, 5.168%, 11/13/2007 

 

36,900,000

 

36,672,220

Cancara Asset Securitization LLC:

 
 

5.17%, 1/11/2008  

 

30,000,000 

 

29,560,550 

 

5.215%, 1/14/2008  

 

45,000,000 

 

44,315,531 

 

6.1%, 12/14/2007  

 

28,000,000 

 

27,648,911 

 

6.17%, 12/14/2007  

 

20,000,000 

 

19,746,344 

Cedar Springs Capital Co., LLC, 5.275%, 10/17/2007 

 

15,000,000

 

14,964,833

Chariot Funding LLC, 5.37%, 10/5/2007 

 

67,264,000

 

67,223,866

Charta LLC, 5.9%, 12/6/2007 

 

20,000,000

 

19,783,667

Ciesco LLC, 5.43%, 2/14/2008 

 

25,000,000

 

24,487,167

CitiBank Credit Card Issuance Trust, Series 01-A3, 6.15%, 12/14/2007 

 

20,000,000

 

19,747,167

CRC Funding LLC, 5.3%, 10/1/2007 

 

62,000,000

 

62,000,000

CVS Corp., 5.5%, 10/1/2007 

 

18,500,000

 

18,500,000

Diageo Capital PLC, 5.4%, 10/5/2007 

 

26,000,000

 

25,984,400

DNB Nor Bank ASA, 5.45%, 12/14/2007 

 

45,000,000

 

44,495,875

Dresdner US Finance, Inc., 5.16%, 10/1/2007 

 

35,292,000

 

35,292,000

Gannett Co., Inc., 5.9%, 10/9/2007 

 

17,000,000

 

16,977,711

Giro Balanced Funding Corp.:

 
 

5.275%, 10/19/2007  

 

20,000,000 

 

19,947,250 

 

5.275%, 10/23/2007  

 

20,000,000 

 

19,935,528 

 

5.725%, 10/25/2007  

 

25,000,000 

 

24,904,583 

Grampian Funding Ltd.:

 
 

5.175%, 10/10/2007  

 

85,000,000 

 

84,890,031 

 

5.18%, 12/20/2007  

 

30,000,000 

 

29,654,667 

 

5.18%, 1/2/2008  

 

40,000,000 

 

39,464,733 

Irish Life & Permanent PLC, 5.25%, 10/25/2007 

 

10,000,000

 

9,965,000

K2 (USA) LLC, 5.26%, 10/22/2007 

 

38,600,000

 

38,481,562

KBC Financial Products International Ltd., 5.22%, 12/17/2007 

 

25,000,000

 

24,720,875

Kellogg Co., 5.25%, 10/9/2007 

 

15,000,000

 

14,982,500

Liberty Street Funding:

 
 

5.27%, 11/28/2007  

 

43,700,000 

 

43,328,963 

 

5.4%, 10/25/2007  

 

25,000,000 

 

24,910,000 

 

5.75%, 3/13/2008  

 

25,000,000 

 

24,345,139 

 

 

 

 

 

5.95%, 12/14/2007  

 

25,000,000 

 

24,694,236 

 

6.25%, 12/14/2007  

 

25,000,000 

 

24,678,820 

Monument Gardens Funding LLC:

 
 

5.2%, 1/31/2008  

 

25,000,000 

 

24,559,444 

 

5.6%, 2/25/2008  

 

15,000,000 

 

14,657,000 

 

6.15%, 11/26/2007  

 

15,000,000 

 

14,856,500 

Nestle Capital Corp., 5.23%, 1/24/2008 

 

20,000,000

 

19,665,861

Nieuw Amsterdam Receivables Corp., 5.35%, 10/1/2007 

 

100,000,000

 

100,000,000

Nissan Motor Acceptance Corp.:

 
 

5.35%, 10/19/2007  

 

15,000,000 

 

14,959,875 

 

5.85%, 10/4/2007  

 

5,000,000 

 

4,997,563 

Norddeutsche Landesbank Girozentrale, 5.23%, 1/7/2008 

 

25,000,000

 

24,644,070

North Sea Funding LLC:

 
 

5.38%, 10/9/2007  

 

45,000,000 

 

44,946,200 

 

5.4%, 10/29/2007  

 

34,000,000 

 

33,857,200 

Old Line Funding LLC:

 
 

5.9%, 11/16/2007  

 

5,000,000 

 

4,962,306 

 

6.0%, 11/26/2007  

 

26,400,000 

 

26,153,600 

 

6.05%, 11/16/2007  

 

5,000,000 

 

4,961,347 

Perry Global Funding LLC, Series A, 5.23%, 12/21/2007 

 

18,000,000

 

17,788,185

Prudential Financial, Inc., 5.85%, 10/5/2007 

 

5,000,000

 

4,996,750

Prudential PLC, 5.44%, 11/26/2007 

 

75,000,000

 

74,365,333

Rabobank USA Financial Corp., 4.89%, 10/1/2007 

 

5,097,000

 

5,097,000

Ranger Funding Co., LLC, 6.25%, 10/29/2007 

 

14,000,000

 

13,931,944

Scaldis Capital LLC:

 
 

5.18%, 1/3/2008  

 

45,000,000 

 

44,391,350 

 

5.35%, 11/19/2007  

 

19,415,000 

 

19,273,621 

Sheffield Receivables Corp.:

 
 

5.25%, 10/5/2007  

 

50,000,000 

 

49,970,833 

 

6.1%, 12/13/2007  

 

20,000,000 

 

19,752,611 

Societe Generale North America, Inc.:

 
 

5.17%, 11/9/2007  

 

20,000,000 

 

19,887,983 

 

5.57%, 12/4/2007  

 

30,000,000 

 

29,702,933 

Swedbank AB, 5.19%, 10/11/2007 

 

22,500,000

 

22,467,563

Swedbank Mortgage AB, 5.255%, 10/25/2007 

 

100,000,000

 

99,649,667

Swedish National Housing Finance Corp., 5.8%, 10/12/2007 

 

16,300,000

 

16,271,113

Tempo Finance Corp., 5.36%, 12/19/2007 

 

29,000,000

 

28,658,896

Tulip Funding Corp.:

 
 

5.27%, 10/29/2007  

 

40,000,000 

 

39,836,045 

 

6.25%, 11/13/2007  

 

35,000,000 

 

34,738,715 

UBS Finance (DE) LLC, 5.19%, 10/5/2007 

 

40,000,000

 

39,976,933

Volkswagen of America, Inc., 5.6%, 10/1/2007 

 

19,000,000

 

19,000,000

Westpac Banking Corp., 5.165%, 11/7/2007 

 

21,400,000

 

21,286,399

Yorktown Capital LLC:

 
 

5.3%, 10/1/2007  

 

17,280,000 

 

17,280,000 

 

6.1%, 10/5/2007  

 

15,000,000 

 

14,989,833 

**Total Commercial Paper** (Cost $2,175,625,567)

 

**2,175,625,567**

 

**Master Notes 1.5%**

 
Citigroup Global Markets, Inc., 5.35% *, 10/1/2007 (a) (Cost $80,000,000)

 

80,000,000

 

**80,000,000**

 

**Asset Backed 0.5%**

 
Steers Mercury III Trust, 144A, 5.149% *, 5/27/2048 (Cost $23,677,268)

 

23,677,268

 

**23,677,268**

 

**Promissory Notes 4.2%**

 
The Goldman Sachs Group, Inc.:

 
 

5.04% *, 1/18/2008  

 

70,000,000 

 

70,000,000 

 

 

 

 

 

5.05% *, 10/19/2007  

 

65,000,000 

 

65,000,000 

Merrill Lynch & Co., Inc., 5.708% *, 3/4/2008 

 

80,000,000

 

80,000,000

**Total Promissory Notes** (Cost $215,000,000)

 

**215,000,000**

 

**Short Term Notes* 28.4%**

 
Allied Irish Banks PLC, 5.128%, 8/18/2008 

 

70,000,000

 

70,000,000

American Express Bank FSB:

 
 

5.228%, 11/21/2007  

 

22,000,000 

 

21,996,620 

 

5.773%, 12/13/2007  

 

35,000,000 

 

34,999,314 

American Express Centurion Bank, 5.767%, 11/6/2007 

 

75,000,000

 

75,000,000

American Honda Finance Corp.:

 
 

5.38%, 1/23/2008  

 

67,000,000 

 

67,010,103 

 

144A, 5.58%, 5/12/2008  

 

20,000,000 

 

20,013,176 

 

5.846%, 9/18/2008  

 

22,000,000 

 

22,000,000 

Australia & New Zealand Banking Group Ltd., 5.156%, 8/22/2008 

 

20,000,000

 

20,000,000

Banco Bilbao Vizcaya Argentaria SA, 5.38%, 4/17/2008 

 

22,000,000

 

22,004,636

Banco Espanol de Credito SA, 144A, 5.35%, 8/11/2008 

 

46,100,000

 

46,100,000

Bank of America NA, 5.315%, 5/16/2008 

 

30,000,000

 

30,000,000

BellSouth Corp., 5.682%, 11/15/2007 

 

25,000,000

 

25,004,179

BNP Paribas, 5.118%, 8/25/2008 

 

20,000,000

 

20,000,000

Caja de Ahorros y Monte de Piedad de Madrid, 5.36%, 8/12/2008 

 

20,000,000

 

20,000,000

Calyon, 144A, 5.18%, 10/21/2008 

 

40,000,000

 

40,000,000

Canadian Imperial Bank of Commerce:

 
 

4.89%, 10/26/2007  

 

40,000,000 

 

39,999,342 

 

4.91%, 6/9/2008  

 

15,000,000 

 

15,000,000 

 

5.4%, 7/18/2008  

 

35,000,000 

 

34,945,761 

Commonwealth Bank Australia, 5.156%, 9/23/2008 

 

40,000,000

 

40,000,000

Danske Bank AS, 5.106%, 8/19/2008 

 

47,000,000

 

46,997,229

DNB NOR Bank ASA, 5.131%, 5/23/2008 

 

21,500,000

 

21,500,000

General Electric Capital Corp., 5.696%, 1/15/2008 

 

27,000,000

 

26,991,432

HSH NordBank AG, 5.106%, 3/25/2008 

 

35,000,000

 

34,996,690

Intesa Bank Ireland PLC, 5.141%, 8/22/2008 

 

10,000,000

 

10,000,000

Merrill Lynch & Co., Inc.:

 
 

5.276%, 8/22/2008  

 

15,000,000 

 

15,000,000 

 

5.337%, 8/22/2008  

 

45,000,000 

 

45,000,000 

 

5.753%, 8/15/2008  

 

21,700,000 

 

21,700,000 

 

5.892%, 8/14/2008  

 

30,000,000 

 

30,000,000 

Morgan Stanley, 5.01%, 12/14/2007 

 

46,000,000

 

46,000,000

Natixis SA, 4.9%, 3/31/2008 

 

75,000,000

 

74,992,561

Nordea Bank AB, 5.81%, 4/8/2011 

 

20,000,000

 

20,000,000

Pyxis Master Trust, Series 2007-6, 144A, 5.6%, 9/6/2014 

 

18,000,000

 

18,000,000

Skandinaviska Enskilda Banken:

 
 

5.633%, 8/19/2008  

 

50,000,000 

 

50,000,000 

 

5.67%, 10/3/2007  

 

35,000,000 

 

34,999,943 

 

5.82%, 8/8/2008  

 

15,000,000 

 

15,000,000 

Societe Generale, 5.078%, 12/31/2007 

 

22,990,000

 

22,988,291

SunTrust Bank, Atlanta, 5.36%, 4/21/2008 

 

15,000,000

 

14,982,510

Toyota Motor Credit Corp., 4.97%, 2/11/2008 

 

100,000,000

 

100,000,000

UniCredito Italiano Bank (Ireland) PLC:

 
 

144A, 5.35%, 8/8/2008  

 

25,000,000 

 

24,998,562 

 

5.772%, 8/14/2008  

 

75,000,000 

 

75,000,000 

 

5.84%, 8/8/2008  

 

40,000,000 

 

40,000,000 

**Total Short Term Notes** (Cost $1,453,220,349)

 

**1,453,220,349**

 

**Time Deposits 2.5%**

 
Bank of Tokyo-Mitsubishi-UFJ Ltd., 5.22%, 10/1/2007 

 

1,654,525

 

1,654,525

 

 

 

 

Danske Bank AS, 5.5%, 10/1/2007 

 

128,300,000

 

128,300,000

**Total Time Deposits** (Cost $129,954,525)

 

**129,954,525**

 

**Municipal Bonds and Notes 0.2%**

 
North Texas, Higher Education Authority, Inc., Student Loan Revenue, Series B, 5.13% ***, 12/1/2044 (b) (Cost $10,000,000)

 

10,000,000

 

**10,000,000**

 

**Government & Agency Obligations 3.2%**

 
**US Government Sponsored Agencies**

 
Federal Home Loan Bank, 4.86% **, 3/5/2008

 

16,000,000

 

15,663,040

Federal National Mortgage Association, 5.04% **, 1/23/2008

 

40,000,000

 

39,361,600

 

 

**55,024,640**

**US Treasury Obligations**

 
US Treasury Bills:

 
 

4.31% **, 3/6/2008  

 

25,000,000 

 

24,530,090 

 

4.14% **, 3/6/2008  

 

25,000,000 

 

24,548,625 

US Treasury Notes:

 
 

2.625%, 5/15/2008  

 

40,000,000 

 

39,558,048 

 

3.75%, 5/15/2008  

 

20,000,000 

 

19,921,639 

 

 

**108,558,402**

**Total Government & Agency Obligations** (Cost $163,583,042)

 

**163,583,042**

 

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

 

**Value ($)**

 

**Repurchase Agreements 1.7%**

 
The Bear Stearns & Co., Inc., 5.15%, dated 9/28/2007, to be repurchased at $87,532,305 on 10/1/2007 (c) (Cost $87,494,755)

 

87,494,755

 

**87,494,755**

 

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

 

**Value ($)**

**Total Investment Portfolio** (Cost $5,149,211,516) 

100.5

 

**5,149,211,516**

**Other Assets and Liabilities, Net**

(0.5)

 

**(26,288,946)**

**Net Assets**

100.0

 

**5,122,922,570**

 

*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 September 30, 2007.*

****

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

*****

*Variable rate demand notes are securities whose interest rates are reset periodically at market levels. These securities are often payable on demand and are shown at their current rates as of September 30, 2007.*

*(a)*

*Reset date; not a maturity date.*

 

 

 

 

*(b)*

*Bond is insured by the following company:*

 
* *

***As a % of Total*****

 
 
***Insurance Coverage*****

***Investment Portfolio*****

 
 
*Ambac Financial Group, Inc.***

*0.2***

 
*(c)*

*Collateralized by:*

 

***Principal*****

* *

* *

* *

***Collateral*****

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

***Security*****

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

***Maturity Date*****

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

 

 

 

 

 
*23,576,111***

*Federal Home Loan Mortgage Corp.***

*4.987***

*10/1/2035***

*23,546,656***

 
 
*65,476,696***

*Federal National Mortgage Association***

*4.365-7.406***

*11/1/2031-2/1/2036***

*65,698,592***

 
 
***Total Collateral Value*****

 **

 **

***89,245,248*****

 
 

 

*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 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: 

Daily Assets Fund Institutional, a series of DWS Institutional Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

November 16, 2007

 

 

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: 

Daily Assets Fund Institutional, a series of DWS Institutional Funds

 

By:

/s/Michael G. Clark

 

Michael G. Clark

President

 

Date:

November 16, 2007

 

 

By:

/s/Paul Schubert

 

Paul Schubert

Chief Financial Officer and Treasurer

 

Date:                                        November 16, 2007

 

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