SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES:

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

                       DWS Dreman High Return Equity Fund

The fund's Board has approved the termination of Dreman Value Management,
L.L.C. ("DVM") as the fund's subadvisor. Effective on or about the close of
business on June 1, 2009 (the "Transition Date"), DVM will cease to act as the
fund's subadvisor and Deutsche Investment Management Americas Inc. (the
"Advisor") will assume all day-to-day advisory responsibilities for the fund
that were previously delegated to DVM.

In addition, on or about the Transition Date, the fund will change its name to
DWS Strategic Value Fund.

Effective on or about the Transition  Date, the following  information  replaces
"The Fund's Main Investment Strategy" section of the fund's prospectuses:

The fund seeks to achieve a high rate of total return.

Under normal circumstances, the fund invests at least 80% of net assets, plus
the amount of any borrowings for investment purposes, in equity securities
(mainly common stocks). The fund focuses on stocks of large US companies that
are similar in size to the companies in the S&P 500 Index (as of February 28,
2009, the S&P 500 Index had a median market capitalization of $5 billion) and
that portfolio management believes are undervalued. The fund intends to invest
primarily in companies whose market capitalizations fall within the normal
range of the S&P 500 Index. Although the fund can invest in stocks of any
economic sector (which is comprised of two or more industries), at times it may
emphasize one or more sectors. In fact, it may invest more than 25% of total
assets in a single sector.

The fund may invest up to 20% of total assets in foreign securities.

The fund's equity investments are mainly common stocks, but may also include
other types of equities such as preferred or convertible stocks. Portfolio
management seeks to invest in a diversified portfolio normally consisting of
approximately 60-80 stocks.

Portfolio management begins by comparing a company's stock price to its book
value, cash flow, earnings and sales and analyzing individual companies to
identify those that are financially sound and appear to have strong potential
for long-term growth and income.

Portfolio management assembles the fund's portfolio from among the most
attractive stocks, drawing on an analysis of economic outlooks for various
sectors and industries.

Portfolio management employs a disciplined sell strategy and will normally sell
a stock when it reaches a target price, its fundamental factors have changed or
when other investments offer better opportunities.

Derivatives and Other Investments. The fund is permitted, but not required, to
use various types of derivatives (contracts whose value is based on, for
example, indices, currencies or securities). Derivatives may be used for
hedging and for risk management or for non-hedging purposes to seek to enhance
potential gains. The fund may use derivatives in circumstances where portfolio
management believes they offer an economical means of gaining exposure to a
particular asset class or to keep cash on hand to meet shareholder redemptions
or other needs while maintaining exposure to the market.

In particular, the fund may use futures, currency options and forward currency
transactions.

Securities Lending. The fund may lend its investment securities in an amount up
to 33 1/3% of its total assets to approved institutional borrowers who need to
borrow securities in order to complete certain transactions.


April 2, 2009                                             [DWS INVESTMENTS LOGO]
DVF1-3603                                                    Deutsche Bank Group


<PAGE>

Effective on or about the Transition  Date, the following  information  replaces
information  about the portfolio  management team in the "Portfolio  management"
section of the fund's prospectuses:

The fund is managed by a team of investment professionals who collaborate to
develop and implement the fund's investment strategy. Each portfolio manager on
the team has authority over all aspects of the fund's investment portfolio,
including, but not limited to, purchases and sales of individual securities,
portfolio construction techniques, portfolio risk assessment and the management
of daily cash flows in accordance with the portfolio holdings.

The following people handle the day-to-day management of the fund:

Volker Dosch
Managing Director of Deutsche Asset Management and Portfolio
Manager of the fund.
o   Joined Deutsche Asset Management in 1989 and the fund in
    2009.
o   Fund Manager of US and global equity funds; Head of US
    Equities; Deputy Head of Fund Management International
    Equities; Head of Sector-Funds: Frankfurt.
o   Master's degree in Economics ("Diplom-Volkswirt") from
    the University of Frankfurt, Germany.

Oliver Pfeil, PhD
Vice President of Deutsche Asset Management and Portfolio
Manager of the fund.
o   Joined Deutsche Asset Management in 2006 after 3 years as
    Executive Assistant to the Management Board of Deutsche
    Bank. Previously, Research Fellow at the Swiss Institute
    of Banking and Finance at the University of St. Gallen
    (2000-2002); Visiting Scholar in Capital Markets Research
    at MIT Sloan School of Management (2002-2003). Also,
    serves as part-time Lecturer in Finance at the University
    of St. Gallen in Switzerland.
o   Joined the fund in 2009.
o   Portfolio manager for US and global value equity:
    Frankfurt.
o   PhD in finance and accounting and Master's degree in
    Business Administration from the University of St. Gallen;
    CEMS Master in International Management from the
    University of St. Gallen & ESADE, Barcelona; completed
    bank training program ("Bankkaufmann") at Sal. Oppenheim
    jr. & Cie. KGaA, Cologne.

Thomas Schuessler, PhD
Managing Director of Deutsche Asset Management and Portfolio Manager of the
fund.
o    Joined Deutsche Asset Management in 2001 after 5 years at Deutsche Bank
     where he managed various products and worked in the office of the Chairman
     of the Management Board.
o    US and Global Fund Management: Frankfurt.
o    Joined the fund in 2009.
o    PhD, University of Heidelberg, studies in physics and economics at
     University of Heidelberg and University of Utah.









               Please Retain This Supplement for Future Reference


April 2, 2009
DVF1-3603