SUPPLEMENT TO THE CURRENTLY EFFECTIVE
                                  PROSPECTUSES

                                -----------------

                            DWS Small Cap Value Fund

Deutsche Investment Management Americas Inc. ("DIMA"), the advisor of the
above-noted fund, is proposing the following fund merger.

--------------------------------------------------------------------------------
Acquired Fund                            Acquiring Fund
--------------------------------------------------------------------------------
DWS Small Cap Value Fund                 DWS Dreman Mid Cap Value Fund
--------------------------------------------------------------------------------

Completion of this merger is subject to, among other things: (i) final approval
by the Board of the Acquired Fund, and (ii) approval by shareholders of the
Acquired Fund at a shareholder meeting expected to be held on or about June 27,
2008. Prior to the shareholder meeting, shareholders of the Acquired Fund will
receive (i) a Proxy Statement/Prospectus describing in detail the proposed
merger and the Board's considerations in recommending that shareholders approve
the merger, (ii) a proxy card and instructions on how to submit a vote, and
(iii) a Prospectus for the Acquiring Fund.

In the event the proposed merger is approved by shareholders, the Acquired Fund
will be closed to new investors except as described below. Unless you fit into
one of the investor eligibility categories described below, you may not invest
in the fund following shareholder approval of the merger.

You may continue to purchase fund shares following shareholder approval through
your existing fund account and reinvest dividends and capital gains if, as of
4:00 p.m. Eastern time on or about June 27, 2008, or such later date as
shareholder approval may occur, if you are:

o    a current fund shareholder; or

o    a participant in any group retirement, employee stock bonus, pension or
     profit sharing plan that offers the fund as an investment option.



March 11, 2008                                                [DWS SCUDDER LOGO]
DSCVF-3600                                                   Deutsche Bank Group

<PAGE>


New accounts may be opened for:

o    transfers of shares from existing accounts in this fund (including IRA
     rollovers);

o    officers, Trustees and Directors of the DWS Funds, and full-time employees
     and their family members of DIMA and its affiliates;

o    any group retirement, employee stock bonus, pension or profit sharing plan
     using the Flex subaccount recordkeeping system made available through ADP
     Inc. under an alliance with DWS Scudder Distributors, Inc. ("DWS-SDI")
     ("Flex Plans");

o    any group retirement, employee stock bonus, pension or profit sharing plan,
     other than a Flex Plan, that includes the fund as an investment option as
     of June 27, 2008;

o    purchases through any comprehensive or "wrap" fee program or other fee
     based program; or

o    accounts managed by DIMA, any advisory products offered by DIMA or DWS-SDI
     and for the Portfolios of DWS Allocation Series or other fund of funds
     managed by DIMA or its affiliates.

Except as otherwise noted, these restrictions apply to investments made directly
with DWS-SDI, the fund's principal underwriter or through an intermediary
relationship with a financial services firm established with respect to the DWS
Funds as of June 27, 2008. Institutions that maintain omnibus account
arrangements are not allowed to open new sub-accounts for new investors, unless
the investor is one of the types listed above. Once an account is closed, new
investments will not be accepted unless you satisfy one of the investor
eligibility categories listed above.

Exchanges into the Acquired Fund will not be permitted unless the exchange is
being made into an existing fund account.

DWS-SDI may, at its discretion, require appropriate documentation that shows an
investor is eligible to purchase Acquired Fund shares.








               Please Retain This Supplement for Future Reference


March 11, 2008
DSCVF-3600
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