DWS Scudder to Transform The Via at Two Rodeo Drive into a 'Ski Village' on Jan. 23rd to Kick off DWS Climate Change Fund Tour

Business Wire, Jan 22, 2008

The event, designed to demonstrate the potential impacts of climate change, is intended to raise awareness of related investment opportunities

LOS ANGELES & NEW YORK -- DWS Scudder, the U.S. retail unit of Deutsche Bank's Asset Management division, will transform The Via at Two Rodeo Drive in Beverly Hills into the DWS Climate Change Ski Village on Jan. 23rd to kick off a nationwide road show, consisting of more than 80 separate events, to generate visibility for the DWS Climate Change Fund. This event has been structured as carbon neutral. All greenhouse gas (GHG) emissions generated in the course of the event are offset by an investment in a high quality emission reduction project, namely Bagepalli Biomas Project. The Bagepalli project is an UNFCCC registered CDM project under the Kyoto Protocol.

The event, designed to demonstrate the potential impacts of climate change, is intended to raise awareness of related investment opportunities. Twenty-five tons of snow will convert The Via at Two Rodeo Drive into a 90-foot ski slope and ski village, which will feature interviews with DWS Scudder management as well as live performances on the ski slope by Rossignol pro snowboarders Drew Fuller and Erin Valverde and live music by DJ Steve Aoki. Corporate supporters including The Wall Street Journal, Rossignol, Coffee Bean & Tea Leaf and Icelandic Glacial, a carbon-neutral certified bottled water company, will also be at the event.

"Our objective in holding this event is not simply to show that climate change is happening but that it creates related climate change investment opportunities," said Axel Schwarzer, Head of DeAM Americas and DWS Scudder. "DWS Climate Change Fund is on the cutting edge of climate change investing as one of the first open-ended mutual funds that seeks to invest in U.S. and foreign companies involved in climate change adaptation and mitigation, or whose growth is supported by increased environmental regulation. DeAM has been a leader and innovator in the rapidly developing market for climate change investing and already has over US$9.9bn in assets under management in climate change products."

"We believe that the shift away from a carbon-based economy is a mega-trend which will impact the global economy," said Nicolas Huber, a Director and Portfolio Manager of the DWS Scudder Climate Change Fund. "Consumers, investors and companies in all sectors are responding to the challenge of climate change, creating new markets, products and services that represent significant business opportunities. We expect opportunities will be sufficiently large to justify a dedicated investment strategy and we believe this trend will continue to exist for the foreseeable future."

DWS Climate Change Fund invests in three major themes:

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The Fund's portfolio managers have access to Deutsche Asset Management's Climate Change Strategist, Mark Fulton and the Climate Change Investment Committee, which provide top-down views on global macro-economic and regulatory trends that are shaping climate change business opportunities around the world.

DWS Climate Change Fund is issued by DWS Scudder Distributors, Inc. Class A, C, S, and Institutional shares will be offered through financial advisors and institutions. The Fund's investment manager is Deutsche Asset Management Americas.

For more information on the advisor-only nation-wide roadshow or DWS Climate Change Fund, please visit www.dwsclimatechange.com.

Video footage of the January 23rd DWS Ski Village Event will be available via satellite download at the following coordinates:

Date 1/23/08




Time 1900-19:30 ET




Satellite Galaxy 10R KU band




Downlink: 12,184 (Horizontal)




Type: Analog




Trouble Number: (562) 483-4800

This fund is subject to stock market risk. Investing in foreign securities, particularly in emerging markets, presents, presents certain unique risks not associated with domestic investments, such as currency fluctuation, political and economic changes, including emerging markets and market risks. Stocks of small-cap companies involve greater risk than securities of larger, more-established companies, as they often have limited product lines, markets or financial resources and may be subject to more-erratic and more-abrupt market movements. Additionally, the fund concentrates its investments in climate change-related companies, increasing its vulnerability to industry risks and regulatory developments. All of these factors may result in greater share price volatility. Please read the prospectus for specific details regarding the fund's risk profile.

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To obtain a prospectus, download one from www.dws-scudder.com, talk to your financial representative or call Shareholder Services at (800) 621-1048. We advise investors to carefully consider the product's objectives, risks, charges and expenses before investing. The prospectus contains this and other important information about the investment product. Read the prospectus carefully before you invest.