Michael Hughes Joins DWS Investments as a Director, Senior Account Manager, National Accounts

DWS Investments, the US retail unit of Deutsche Bank’s global Asset Management division, today announced the appointment of Michael Hughes as a Director and Senior Account Manager, responsible for National Accounts. Hughes will be responsible for key firm relationships in the National and Regional Broker Dealer and Bank channels. He will be based in Chicago and will report to Michael Woods, a Managing Director, CEO and US Head of Distribution for DWS Investments Distributors, Inc.

"We are delighted to welcome Michael to DWS Investments,” said Michael Woods. "His experience and success working with national and regional broker dealers and banks will be central in helping us to meet the changing-needs of our growing client-base.

Hughes has over 16 years experience working with banks, regional and national broker dealer firms. He joins DWS Investments from Van Kampen where he served as an Executive Director in National Accounts, responsible for overseeing a team of relationship managers within the Bank and Broker Dealer channels. Hughes’ tenure at Van Kampen extends back to 1996, which includes various positions mainly related to the sales process. Prior to Van Kampen, he began his career in 1993 in the Asset Management Division of Smith Barney in New York.

Hughes earned an MBA degree from Loyola University in Chicago and a BA degree from Miami University, Oxford, OH. He completed his CIMA and Alternative Investment Management Certification from the Wharton School of Business & IMCA. He is a FINRA Registered Representative, Series 7, 63.

For further information about DWS Investments, please contact:

Lemuel (Lem) Brewster
+1 212-454-2085
lem.brewster@db.com
Deutsche Bank Media Relations

About DWS Investments

DWS Investments is the US retail brand of Deutsche Bank’s global asset management division. DWS is the leading mutual fund brand in Germany and one of the most respected in Europe and Asia. With access to the expertise of a powerful global network in 16 countries, DWS Investments strives to make innovative investment strategies and solutions, traditionally reserved for institutions and high net worth individuals, available to the US retail investor.

DWS Investments manages over $122 billion (as of 6/30/2010) in retail and retirement assets in more than 175 mutual funds and variable insurance portfolios across all major asset categories in the US. Organizations under the DWS brand manage approximately $337 billion globally (as of 6/30/2010).

For more information, visit: www.dws-investments.com .

About Deutsche Asset Management

With approximately $709 billion in assets under management globally as of 30 December 2009, Deutsche Bank’s Asset Management division 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. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.

About Deutsche Bank

Deutsche Bank 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 81,929 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

Deutsche Bank Securities Inc., member NYSE, FINRA and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States.

www.db.com

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

R-018819-1 (09/01)