DWS Scudder's Resurgent Brand Attracts Two Top Wholesalers

Business Wire, Nov 9, 2006

NEW YORK -- DWS Scudder, a division of Deutsche Asset Management (DeAM), announces the hiring of Richard David Jameison Jr. and Jason P. Caruso. Jameison and Caruso, from Fidelity Investments and Franklin Templeton Investments respectively, were top five producing wholesalers based on sales for 2005 and year-to-date upon their departures in 2006.

"These hires confirm our commitment to attracting the best people in the industry to serve the needs of the financial advisor," said Tom Winnick, Director and President DWS Scudder Distributors, Inc. "It also strengthens our belief that our strong line up of products is attractive to top wholesalers as well as successful advisors looking to provide their clients with innovative investment solutions."

Jameison joins from Fidelity Investments Institutional Services Co., Inc. where he worked for 12 years, serving most recently as Senior Vice President. While at the firm, he was named to the Presidents Club multiple years in recognition for sales achievements in the top 15 percent, as measured by percentage of plan, of the company's wholesalers. He has a B.A. from Stonehill College.

Caruso joins from Franklin Templeton Investments where he most recently served as Vice President. While at the firm, he was one of the firm's top wholesalers, cultivating a territory of approximately 2,300 producers. Previously, he spent nine years at MFS Investment Management. He has a B.A. from Northeastern University.

DWS Scudder

DWS Scudder is part of Deutsche Asset Management, which is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company. Securities products and services distributed by DWS Scudder Distributors, Inc.

Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With Euro 1.058 trillion in assets and 63,427 employees (as of 6/30/06), Deutsche Bank offers unparalleled financial services in 73 countries throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Asset Management

With more than US$650 billion in assets under management globally (as of 6/30/06), Deutsche Asset Management is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. Deutsche Asset Management is geographically divided into three regions - the Americas, Europe and Asia Pacific, providing a broad range of investment management products across the risk/return spectrum.

www.db.com

www.dws-scudder.com

47389 (11/06)