DWS Scudder Appoints Michael Clark Head of Fund Board Relations

"Michael's inclusion on the DWS Scudder senior management teamreflects the vital importance of this role, as well as our commitmentto work closely with our fund boards to successfully execute the DWSgrowth strategy in the United States," said Schwarzer.

Clark joins DeAM from Merrill Lynch Investment Asset Managers(MLIM), where he has served in various capacities since 1991, mostrecently as the firm's relationship manager with independent directorsof US-registered funds. Prior to that, he was Director of ProductDevelopment at MLIM, responsible for the management of the productdevelopment process within the Americas region of the organization andhad also acted as Senior Vice President of Operations.

Clark is trained as a Certified Public Accountant (CPA) andChartered Financial Analyst (CFA) and also holds multipleregistrations through the NASD including Investment CompanyProducts/Variable Contracts Representative and Principal; GeneralSecurities Registered Representative and Principal; and Financial andOperations Principal. He is a member of the American Institute ofCertified Public Accountants, New Jersey Society of Certified PublicAccountants, The Association for Investment Management and Research,and The New York Society of Security Analysts. He holds an MBA inFinance from Seton Hall University and a BS in Accounting from TheCollege of New Jersey (formerly Trenton State College).

About Deutsche Bank

Deutsche Bank (NYSE: DB) is a leading global investment bank witha strong and profitable private clients franchise. A leader in Germanyand Europe, the bank is continuously growing in North America, Asiaand key emerging markets. With Euro 1,035 billion in assets and 64,103employees, Deutsche Bank offers unparalleled financial services in 73countries throughout the world. The bank competes to be the leadingglobal provider of financial solutions for demanding clients creatingexceptional value for its shareholders and people.

About Deutsche Asset Management

With approximately US$630 billion in assets under management (asof 12/31/05), Deutsche Asset Management is one of the world's leadinginvestment management organizations, not just in size, but in qualityand 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 ofinvestment management products across the risk/return spectrum.