If by DHC you mean the Dynamic Handling Package (ZDH), then yes.
The US MSports package for the 550i includes:
M Sport Package
223 Electronic Damping Control
229 Active Roll Stabilization (ARS)
2ND 19" Light alloy Double-spoke wheels style 351M-with performance run-flat tires
(19x8.5, 245/40 R19 front and 19x9.0, 275/35 R19 rear)
2VA Adaptive Drive
456 Multi-contour seats
4MR Aluminum Hexagon interior trim
or 4B5 Light wood trim
or 4B9 Aluminium Trim
or 4CE Anthracite Wood Trim
710 M steering wheel
715 Aerodynamic kit
760 Shadowline exterior trim
775 Anthracite headliner
840 Increased top speed limiter
Note that this is different than some of the European packages.
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