FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

LIPSON ARTHUR D 		2. Issuer Name and Ticker or Trading Symbol

DWS RREEF WORLD REAL ESTATE FUND, INC. [ DRP ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

7050 S. UNION PARK CENTER, SUITE 590 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/13/2010
(Street)

MIDVALE, UT 84047
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

___ Form filed by One Reporting Person
_ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.01   (1) 8/13/2010     P    500   A $14.8900   33500   I   (2) By Western Investment Activism Partners LLC  
Common Stock, par value $0.01   (1)                500   D    
Common Stock, par value $0.01   (1)                900   I   (3) By Western Investment LLC  
Common Stock, par value $0.01   (1)                162675   I   (4) By Western Investment Hedged Partners L.P.  
Common Stock, par value $0.01   (1)                162600   I   (5) By Western Investment Total Return Fund Ltd.  
Common Stock, par value $0.01   (1)                162644   I   (6) By Western Investment Total Return Partners L.P.  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
( 1)  This Form 4 is filed jointly by Western Investment LLC ("WILLC"), Western Investment Activism Partners LLC ("WIAP"), Western Investment Hedged Partners L.P. ("WIHP"), Western Investment Total Return Fund Ltd. ("WITRL"), Western Investment Total Return Partners L.P. ("WITRP") and Arthur D. Lipson (collectively the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group with respect to the securities of the Issuer that beneficially owns in excess of 10% of the Issuer's outstanding Shares. As members of the group, each of the Reporting Persons may be deemed to beneficially own the securities of the Issuer beneficially owned by the other members of the group. The Reporting Persons disclaim beneficial ownership of the securities of the Issuer beneficially owned by the other members of the group except to the extent of their pecuniary interest therein.
( 2)  Shares owned directly by WIAP. As the managing member of WIAP, WILLC may be deemed to beneficially own the Shares owned by WIAP. As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the Shares owned by WIAP. Mr. Lipson and WILLC disclaim beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
( 3)  Shares owned directly by WILLC. As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the Shares owned by WILLC. Mr. Lipson disclaims beneficial ownership of such Shares except to the extent of his pecuniary interest therein.
( 4)  Shares owned directly by WIHP. As the general partner of WIHP, WILLC may be deemed to beneficially own the Shares owned by WIHP. As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the Shares owned by WIHP. Mr. Lipson and WILLC disclaim beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
( 5)  Shares owned directly by WITRL. As the investment manager of WITRL, WILLC may be deemed to beneficially own the Shares owned by WITRL. As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the Shares owned by WITRL. Mr. Lipson and WILLC disclaim beneficial ownership of such Shares except to the extent of their pecuniary interest therein.
( 6)  Shares owned directly by WITRP. As the general partner of WITRP, WILLC may be deemed to beneficially own the Shares owned by WITRP. As the managing member of WILLC, Mr. Lipson may be deemed to beneficially own the Shares owned by WITRP. Mr. Lipson and WILLC disclaim beneficial ownership of such Shares except to the extent of their pecuniary interest therein.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
LIPSON ARTHUR D
7050 S. UNION PARK CENTER
SUITE 590
MIDVALE, UT 84047
X

Western Investment Hedged Partners L.P.
7050 S. UNION PARK CENTER
SUITE 590
MIDVALE, UT 84047
X

WESTERN INVESTMENT LLC
7050 S. UNION PARK CENTER, SUITE 590
MIDVALE, UT 84047
X

Western Investment Total Return Partners L.P.
7050 S. UNION PARK CENTER
SUITE 590
MIDVALE, UT 84047
X

Western Investment Total Return Fund Ltd.
P.O. BOX 31910, DMS HOUSE,
20 GENESIS CLOSE,
GRAND CAYMAN, E9 KY1-1208
X

Western Investment Activism Partners LLC
7050 S. UNION PARK CENTER
SUITE 590
MIDVALE, UT 84047
X


Signatures
By:/s/ Lipson, Arthur D. 8/17/2010
** Signature of Reporting Person Date

By: Western Investment Hedged Partners L.P., By: Western Investment LLC, General Partner, By: /s/ Arthur D. Lipson, Managing Member 8/17/2010
** Signature of Reporting Person Date

By: Western Investment LLC, By: /s/ Arthur D. Lipson, Managing Member 8/17/2010
** Signature of Reporting Person Date

By: Western Investment Total Return Partners L.P., By: Western Investment LLC, General Partner, By: /s/ Arthur D. Lipson, Managing Member 8/17/2010
** Signature of Reporting Person Date

By: Western Investment Total Return Fund Ltd., By: Western Investment LLC, Investment Manager, By: /s/ Arthur D. Lipson, Managing Member 8/17/2010
** Signature of Reporting Person Date

By: Western Investment Activism Partners LLC, By: Western Investment LLC, Managing Member, By: /s/ Arthur D. Lipson, Managing Member 8/17/2010
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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