Christopher B. Burnham Joins Deutsche Bank as Managing Director and Vice Chairman of Deutsche Asset Management.

NEW YORK -- Deutsche Bank today announced that Christopher B. Burnham will join the bank as a Vice Chairman and Managing Director of Deutsche Asset Management (DeAM), effective November 15, 2006. He will report to Kevin Parker, Global Head of Deutsche Asset Management and will be based in New York.

Burnham will be responsible for developing key client relationships as well as undertaking a variety of special projects. He will also serve on DeAM's Global Operating Committee.

Burnham was previously Under-Secretary General of the United Nations and the highest-ranking American in the UN Secretariat, reporting to UN Secretary General, Kofi Annan. He helped lead efforts to reform the UN and introduce greater transparency and efficiency, and created the UN's first Ethics Office.

"Chris has exceptional experience and relationships in both the public and private sectors," said Parker. "During his distinguished career, he has proven himself to be a leader of tremendous ability and integrity, and he will be a valuable asset to our clients and business."

Burnham joined the UN after four years with the U.S. Department of State, where he served as (acting) Under Secretary of State for Management for Condoleezza Rice and Assistant Secretary of State for Resource Management and CFO of the State Department for Former Secretary of State, General Colin Powell.

Prior to the Department of State, he was Vice Chairman of PIMCO Funds Company and President and CEO of its equity management subsidiary, Columbus Circle Investors. Earlier, he served as Treasurer of the State of Connecticut.

He earned an MPA from Harvard University and a BA from Washington & Lee University.

Deutsche Bank

Deutsche Bank (NYSE: DB) 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 Euro 1,097 billion in assets and 67,474 employees in 73 countries, Deutsche Bank offers unparalleled financial services throughout the world. The bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.

www.db.com

About Deutsche Asset Management

With approximately US$662 billion in assets under management globally (as of 6/30/06), Deutsche Asset Management 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. Deutsche Asset Management provides a broad range of investment management products across the risk/return spectrum.

Deutsche Asset Management is the marketing name in the US for the asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Asset Management Inc., Deutsche Investment Management Americas Inc. and DWS Trust Company.