Supplement to the currently effective  Statements of Additional  Information for
the listed Fund:

DWS Balanced Fund

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


The following  information  supplements the relevant portions of the "Management
of the Fund"  section  of the  above  mentioned  Fund's  current  Statements  of
Additional Information.

Fund Ownership of Portfolio Managers:

The following table shows the dollar range of shares owned  beneficially  and of
record by each  member of the Fund's  portfolio  management  team in the Fund as
well as in all DWS Funds as a group  (i.e.  those  funds  advised by DeAM or its
affiliates), including investments by their immediate family members sharing the
same household and amounts invested through retirement and deferred compensation
plans.  This  information  is provided as of the Fund's most recent  fiscal year
end.

<TABLE>
<CAPTION>
                                      Name of                  Dollar Range of         Dollar Range of All
Name of Fund                     Portfolio Manager        Portfolio Shares Owned    DWS Fund Shares Owned
------------                     -----------------        ----------------------    ---------------------
<S>                                     <C>                              <C>                     <C>
DWS Balanced Fund               Matthias Knerr                     $0              $500,001 - $1,000,000

Conflicts of Interest:

In addition to managing the assets of the Fund,  the Fund's  portfolio  managers
may have responsibility for managing other client accounts of the Advisor or its
affiliates.  The tables below show, for each portfolio  manager,  the number and
asset size of (1) SEC registered  investment companies (or series thereof) other
than the Fund, (2) pooled investment vehicles that are not registered investment
companies and (3) other  accounts  (e.g.,  accounts  managed for  individuals or
organizations)  managed by each portfolio  manager.  Total assets  attributed to
each portfolio  manager in the tables below include total assets of each account
managed  by them,  although  the  manager  may only  manage  a  portion  of such
account's  assets.  The  tables  also show the number of  performance  based fee
accounts, as well as the total assets of the accounts for which the advisory fee
is based on the performance of the account.  This  information is provided as of
the Fund's most recent fiscal year end.

Other SEC Registered Investment Companies Managed:

                                                                                            Number of
                                                                                            Investment
                                                        Number of      Total Assets of       Company        Total Assets of
                                                        Registered       Registered       Accounts with       Performance-
                                 Name of Portfolio      Investment       Investment        Performance-        Based Fee
Name of Fund                          Manager           Companies         Companies         Based Fee           Accounts
------------                          -------           ---------         ---------         ---------           --------

DWS Balanced Fund                Matthias Knerr             4          $3,908,616,290           0                 $0



<PAGE>

Other Pooled Investment Vehicles Managed:

                                                                                            Number of
                                                                                              Pooled
                                                                                            Investment        Total Assets
                                                        Number of      Total Assets of       Vehicle               of
                                                          Pooled           Pooled         Accounts with       Performance-
                                 Name of Portfolio      Investment       Investment        Performance-        Based Fee
Name of Fund                          Manager            Vehicles         Vehicles          Based Fee           Accounts
------------                          -------            --------         --------          ---------           --------

DWS Balanced Fund                Matthias Knerr             4             $92,233,860           0                 $0

Other Accounts Managed:

                                                                                            Number of
                                                                                              Other         Total Assets of
                                                        Number of                         Accounts with       Performance-
                                 Name of Portfolio        Other        Total Assets of     Performance-        Based Fee
Name of Fund                          Manager            Accounts      Other Accounts       Based Fee           Accounts
------------                          -------            --------      --------------       ---------           --------

DWS Balanced Fund                Matthias Knerr             2          $120,181,881             0                 $0
</TABLE>




               Please Retain This Supplement for Future Reference

February 8, 2008