New York, January 17, 2006

Deutsche Bank launches first commodity-index-linked fund traded on a US Securities Exchange


Deutsche Bank announced today the upcoming launch of the DB Commodity Index Tracking Fund (DBC) which will list on the American Stock Exchange (AMEX: DBC). DBC is the first commodity-index-linked fund to be listed on a U.S. stock exchange and will offer investors transparency and access to the Deutsche Bank Liquid Commodity IndexT - Excess Return (DBLCI). DBC will be offered through broker-dealers and other authorized dealers at $25 per share during the initial offering period which is expected to close this month.

DBC returns are expected to track the performance of the DBLCI. The DBLCI is a rules -based index, comprised of Crude Oil, Heating Oil, Gold, Aluminum, Corn and Wheat. The DBLCI is calculated based on six liquid futures contracts on the commodities comprising the Index. DBC also will generate interest on cash invested in the tracking fund. The indicative value of the DBLCI and DBC will be calculated every 15 seconds and posted to the consolidated tape during the AMEX trading hours.

"DBC is designed for investors seeking portfolio diversification and exposure to global commodity returns, which have one of the lowest correlations to US equities and bonds", said Mark Ritter, Global Head of Commodities at Deutsche Bank. "This platform will provide investors with systematic exposure to global commodities without the complication and difficulty of investing directly in futures contracts or in the commodities themselves."

DBC is a commodity pool that is managed by DB Commodity Services LLC, a commodity pool operator registered with the Commodity Futures  rading Commission and that is a member of the National Futures Association.


For further information, please call:

Michele Allison
212-250-4864
Media Relations


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