DWS Scudder Announces 15 New Hires to Bolster Sales Effort

"Strengthening the DWS Scudder sales platform is one in a seriesof strategic initiatives we are taking to bolster our effortsthroughout the United States," said Axel Schwarzer, Managing Directorand Head of DWS Scudder. "These individuals bring with themsignificant experience from prestigious mutual fund firms andexemplify the high caliber of talent and commitment to world-classservice and support we bring to financial advisors across thecountry."

The new Regional Vice President appointments are: Jason F. Inglis,Mitchell Izumi, Matthew Sawyer and Douglas M. Wallace Jr., who willcover territories in the western US, reporting to Regional DirectorJohn Telling; Phillip B. Northington, Colleen Ignacio Yee and JeffreyL. Smith, who will cover territories in the southern US, reporting toRegional Director Mark Perrelli; and Christopher D. Berg, who willserve the central US, reporting to Regional Director Bud Cappola.

Ruben Gonzalez, Richard Merson, Kevin D. Morgan and Bill Wilkinsonhave been appointed to serve the Northeast, West, South Central andMidwest regions, respectively in the firm's Retirement ServicesDivision. They report to Ron Cohen, Head of Retirement Plan Services.

"Our ability to develop and maintain strong personal relationshipswith advisors and provide innovative value-added programs are criticalfactors that differentiate DWS Scudder within the financial servicesindustry," added Philipp Hensler, Managing Director and Head of DWSScudder Distributors, Inc. "With account managers who aresecond-to-none, and an Advanced Sales team that is dedicated tohelping financial advisors build their book of business, advisors willknow that we are deeply committed to providing superior solutions."

DWS Scudder also announced the following additions to its salesteam: Kristina Young, Account Manager, reporting to Steve DiMaio;Derik Liberatore, Assistant Vice President in the FinancialInstitutions Group reporting to Kim Mustin; and Andrea Schlapia VicePresident and member of the DWS Scudder Advanced Sales team, reportingto Scott Frumhoff.

Deutsche Bank

Deutsche Bank is a leading global investment bank with a strongand profitable private clients franchise. A leader in Germany andEurope, the bank is continuously growing in North America, Asia andkey 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.

www.db.com

About Deutsche Asset Management

Deutsche Asset Management is the global asset management businessof Deutsche Bank AG, with AUM of US$630 billion (as of 12/31/05). Itis one of the world's leading investment management organizations interms of the quality and breadth of investment products, assetmanagement expertise and client service. DeAM provides assetmanagement capabilities to a variety of clients worldwide includingfoundations, non-profit organizations, public and privatesuperannuation funds, high-net-worth individuals and retail investors.