Territorio y perspectiva espacial

Investor profile Growth-oriented

Currency of sub-fund EUR

Sub-fund manager Deutsche Asset Management Investment GmbH

Performance benchmark MSCI EUROPE in EUR

Reference portfolio (risk benchmark) MSCI EUROPE in EUR

Leverage effect 2 times the value of the investment sub-fund’s assets

Calculation of the NAV per share Each bank business day in Luxembourg

Order acceptance All subscription, redemption and exchange orders are placed on the basis of an unknown net asset value per share. Orders received by the Transfer Agent at or before 4:00 PM Luxembourg time (CET) on a valuation date are processed on the basis of the net asset value per share on that valuation date. Orders received after 4:00 PM

Luxembourg time (CET) are processed on the basis of the net asset value per share on the next valuation date. Value date In a purchase, the equivalent value is debited three bank business days after issue of the shares. The equivalent

value is credited three bank business days after redemption of the shares. The value date for purchase and re- demption orders of certain currencies may deviate by one day from the value date as specified in the description of share classes in the general section of the Sales Prospectus.

Fractional shares Up to three places after the decimal point

Expense cap Not to exceed 15% of the Management Company fee

* For additional costs, see Article 12 in the general section of the Sales Prospectus.

** 3% based on the gross investment corresponds approx. to 3.09% based on the net investment. *** 5% based on the gross investment corresponds approx. to 5.26% based on the net investment.

Share class Currency of Front-end load Management Service Fee p.a. Taxe d’abonnement Launch date share class (payable by the investor) Company Fee p.a. (payable by the sub-fund)* (payable by the sub-fund)

(payable by the sub-fund)*

LC EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002

LD EUR up to 5%*** up to 1.5% 0% 0.05% June 3, 2002

FC EUR 0% up to 0.75% 0% 0.05% June 3, 2002

NC EUR up to 3%** up to 2% 0.2% 0.05% June 3, 2002

USD LC USD up to 5%*** up to 1.5% 0% 0.05% November 20, 2006

For the sub-fund with the name Deutsche Invest I Top Europe, the following provisions shall apply in addition to the terms contained in the general section of the Sales Prospectus.

Investment policy

The objective of the investment policy of Deutsche Invest I Top Europe is to achieve an appreciation as high as possible of capital invested in Euros. The sub-fund may acquire equities, interest-bearing securities, convertible bonds, convertible debentures and warrant-linked bonds, participation and dividend-right certifi- cates, equity warrants and index certificates. At least 75% of the sub-fund’s assets are invested in equities of issuers having their headquarters in a member state of the EU, in Norway and/or in Iceland.

Company-specific characteristics are empha- sized in the selection of stocks (bottom-up approach). The focus is on companies that have a good market position, future-oriented products and competent management. Further- more, the companies should concentrate on their strengths, aim for a yield-oriented use of resources and sustainable, above-average profit growth. In addition to these criteria, the compa- nies should have shareholder-centered informa- tion policies, including detailed accounting and regular communication with investors. Accord- ingly, equities of companies shall be acquired that are expected to achieve results and/or share prices that are above average compared to the broad market.

Up to 25% of the sub fund’s assets may be invested in interest-bearing securities. Promis- sory note loans shall be attributed to the invest- ment limit for interest-bearing securities. Con- vertible bonds and warrant-linked bonds do not constitute interest-bearing securities for the pur- poses of this sub-fund’s investment policy. Up to 25% of the sub fund’s assets may be invested in money market instruments and bank balances.

Up to 10% of the sub fund’s assets may be invested in units of other funds. The proportion of fund units exceeding 5% of the sub fund’s assets may consist only of money market fund units. The sub-fund’s investments in contingent con- vertibles shall be limited to 10% of the sub-fund’s net asset value.

Risk Management

The relative Value-at-Risk (VaR) approach is used to limit market risk in the sub-fund.

In addition to the provisions of the general sec- tion of the Sales Prospectus, the potential mar- ket risk of the sub-fund is measured using a reference portfolio that does not contain deriva- tives (“risk benchmark”).

Leverage is not expected to exceed twice the value of the investment sub-fund’s assets. The leverage effect is calculated using the sum of notional approach (absolute (notional) amount of

each derivative position divided by the net pres- ent value of the portfolio). However, the disclosed expected level of leverage is not intended to be an additional exposure limit for the sub-fund.

PEA-compatibility

The sub-fund is eligible to the PEA (Plan d‘Epargne en Actions), a fiscal advantage for French subscribers.

Investment in shares of target funds

In addition to the information in the general section of the Sales Prospectus the following is applicable to this sub-fund:

When investing in target funds associated to the sub-fund, the part of the management fee attrib- utable to shares of these target funds is reduced by the management fee/all-in fee of the acquired target funds, and as the case may be, up to the full amount (difference method).

Due to its composition and the techniques applied by its fund management, the sub-fund is subject to markedly increased volatility, which means that the price per share may be subject to substantial downward or upward fluctuation, even within short periods of time.