DWS Scudder Provides Information on DWS Municipal Income Trust Preferred Stock Remarketings

DWS Scudder announced that, similar to other closed-end funds, DWS Municipal Income Trust (the Fund) (NYSE: KTF) has recently experienced failed remarketings of its remarketed preferred stock. For more information, please see DWS Scudder’s updated Question and Answer commentary (Q&A) discussing current developments in the markets for auction rate securities and remarketed preferred stock. The Q&A can be found at www.cef.dws-scudder.com. As further explained in the Q&A, the Fund’s preferred stock remarketing failures, like recent closed-end fund preferred share auction failures, do not constitute a default. The Fund’s remarketed preferred stock remains outstanding and continues to pay dividends. Moreover, the Fund’s remarketed preferred stock currently remains triple-A rated by the Fund’s rating agencies.*

The DWS Municipal Income Trust is issued by DWS Scudder Distributors, Inc., 222 South Riverside Plaza, Chicago, IL 60606-5808

IMPORTANT INFORMATION

Shares of common stock of closed-end funds, unlike open-end funds, are not continuously offered. There is a one time public offering and, once issued, shares of common stock of closed-end funds are traded in the open market generally through a stock exchange. Common shares of closed-end funds frequently trade at a discount to net asset value. The price of common shares is determined by a number of factors, several of which are beyond the control of the fund. Therefore, the fund cannot predict whether its common shares will trade at, below, or above net asset value.

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of fund securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.

Certain statements contained in this release may be forward-looking in nature. These include all statements relating to plans, expectations, and other statements that are not historical facts and typically use words like “expect,” “anticipate,”“believe,” and similar expressions. Such statements represent management's current beliefs, based upon information available at the time the statements are made, with regard to the matters addressed. All forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Management does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

DWS Scudder is part of Deutsche Asset Management, which represents the US asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust Company.

© 2008 DWS Scudder Distributors, Inc. All rights reserved. R-1627-1 (3/08)

*Credit quality represents the lower rating of either Moody’s Investors Service, Inc. or S&P and is their opinion as to the quality of the securities they rate. Credit quality does not remove market risk.