UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D. C. 20549  FORM N-CSRS  Investment Company Act file number
        811-07507
  DWS Investments VIT Funds (Exact Name of Registrant as Specified in Charter)  345 Park Avenue New York, NY 10154-0004 (Address of Principal Executive Offices) (Zip Code)  Registrants Telephone Number, including Area Code:(212) 454-7190  Paul Schubert 345 Park Avenue New York, NY 10154-0004 (Name and Address of Agent for Service)  Date of fiscal year end:
        12/31
  Date of reporting period:
        06/30/09
   ITEM 1.REPORT TO STOCKHOLDERS




## June 30, 2009

## 

# SEMIANNUAL REPORT

DWS INVESTMENTS VIT FUNDS



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DWS Equity 500 Index VIP

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Contents

|4     Performance Summary
5      Information About Your Portfolio's Expenses
6     Portfolio Summary
8   Investment Portfolio
17       Financial Statements
21       Financial Highlights
23      Notes to Financial Statements
28       Proxy Voting
29        Summary of Management Fee Evaluation by Independent Fee Consultant
32       Summary of Administrative Fee Evaluation by Independent Fee Consultant
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

This report must be preceded or accompanied by a prospectus. To obtain an additional prospectus, call (800) 778-1482 or
your financial representative. We advise you to consider the portfolio's objectives, risks, charges and expenses carefully
before investing. The prospectus contains this and other important information about the portfolio. Please read the
prospectus carefully before you invest.

The Portfolio may not be able to mirror the S&P 500® closely enough to track its performance for several reasons, including the
Portfolio's cost to buy and sell securities, the flow of money into and out of the Portfolio, and the potential underperformance of
stocks selected. This Portfolio is subject to stock market risk, meaning stocks in the Portfolio may decline in value for extended
periods due to the activities and financial prospects of individual companies, or due to general market and economic conditions.
Additionally, derivatives may be more volatile and less liquid than traditional securities, and the Portfolio could suffer losses on its
derivatives positions. All of these factors may result in greater share price volatility. Please read the prospectus for specific details
regarding the Portfolio's risk profile.

"Standard & Poor's," "S&P," "S&P 500," "Standard & Poor's 500" and "500" are trademarks of The McGraw-Hill Companies, Inc., and
have been licensed for use by the Portfolio's advisor. DWS Equity 500 Index VIP is not sponsored, endorsed, sold, nor promoted by
Standard & Poor's, and Standard & Poor's makes no representation regarding the advisability of investing in the Portfolio. There is no
guarantee that the Portfolio will be able to mirror the S&P 500 index closely enough to track its performance.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the retail asset management
activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche Investment Management Americas Inc. and DWS Trust
Company.

NOT FDIC/NCUA INSURED NO BANK GUARANTEE MAY LOSE VALUE NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY

Performance SummaryJune 30, 2009

All performance shown is historical, assumes reinvestment of all dividend and capital gain distributions, and does not
guarantee future results. Investment return and principal value fluctuate with changing market conditions so that, when
sold, shares may be worth more or less than their original cost. Current performance may be lower or higher than the
performance data quoted. Please contact your participating insurance company for the Portfolio's most recent month-end
performance. Performance figures for Classes A, B and B2 differ because each class maintains a distinct expense structure.
Performance doesn't reflect charges and fees ("contract charges") associated with the separate account that invests in the
Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an investment option. These
charges and fees will reduce returns.

The total annual portfolio operating expense ratios, gross of any fee waivers or expense reimbursements, as stated in the fee
table of the prospectus dated May 1, 2009 are .33%, .58% and .72% for Class A, Class B and Class B2 shares, respectively.
Please see the Information About Your Portfolio's Expenses, the Financial Highlights and Notes to the Financial Statements
(Note C, Related Parties) sections of this report for gross and net expense-related disclosure for the period ended June 30,
2009.

Portfolio returns during all periods shown reflect a fee waiver/and or reimbursement. Without this waiver/reimbursement, returns
would have been lower.

|Growth of an Assumed $10,000 Investment               
|------------------------------------------------------
|[] DWS Equity 500 Index VIP  Class A
[]S&P 500® Index
|e500_g10k190                                          
|Yearly periods ended June 30                          

|Comparative Results (as of June 30, 2009)
|-----------------------------------------
|DWS Equity 500 Index VIP                 
|Class A                                  
|Average annual total return              
|S&P 500 Index                            
|Average annual total return              
|DWS Equity 500 Index VIP                 
|Class B                                  
|Average annual total return              
|S&P 500 Index                            
|Average annual total return              
|DWS Equity 500 Index VIP                 
|Class B2                                 
|Average annual total return              
|S&P 500 Index                            
|Average annual total return              

The growth of $10,000 is cumulative.

Information About Your Portfolio's Expenses

As an investor of the Portfolio, you incur two types of
costs: ongoing expenses and transaction costs.
Ongoing expenses include management fees,
distribution and service (12b-1) fees and other
Portfolio expenses. Examples of transaction costs
include contract charges, redemption fees and
account maintenance fees, which are not shown in
this section. The following tables are intended to help
you understand your ongoing expenses (in dollars) of
investing in the Portfolio and to help you compare
these expenses with the ongoing expenses of
investing in other mutual funds. In the most recent
period, the Portfolio limited these expenses; had it not
done so, expenses would have been higher. The
example in the table is based on an investment of
$1,000 invested at the beginning of the six-month
period and held for the entire period(January 1, 2009
to June 30, 2009).

The tables illustrate your Portfolio's expenses in two
ways:

•    Actual Portfolio Return. This helps you estimate
the actual dollar amount of ongoing expenses (but
not transaction costs) paid on a $1,000 investment
in the Portfolio using the Portfolio's actual return
during the period. To estimate the expenses you
paid over the period, simply divide your account
value by $1,000 (for example, an $8,600 account
value divided by $1,000 = 8.6), then multiply the
result by the number in the "Expenses Paid per
$1,000" line under the share class you hold.

•    Hypothetical 5% Portfolio Return. This helps you
to compare your Portfolio's ongoing expenses (but
not transaction costs) with those of other mutual
funds using the Portfolio's actual expense ratio and
a hypothetical rate of return of 5% per year before
expenses. Examples using a 5% hypothetical
Portfolio return may be found in the shareholder
reports of other mutual funds. The hypothetical
account values and expenses may not be used to
estimate the actual ending account balance or
expenses you paid for the period.

Please note that the expenses shown in these tables
are meant to highlight your ongoing expenses only
and do not reflect any transaction costs. The
"Expenses Paid per $1,000" line of the tables is
useful in comparing ongoing expenses only and will
not help you determine the relative total expense of
owning different funds. If these transaction costs had
been included, your costs would have been higher.

|Expenses and Value of a $1,000 Investmentfor the six months ended June 30, 2009
|-------------------------------------------------------------------------------
|Actual Portfolio Return                                                        
|Beginning Account Value 1/1/09                                                 
|Ending Account Value 6/30/09                                                   
|Expenses Paid per $1,000*                                                      

|Hypothetical 5% Portfolio Return | Class A          |  | Class B          |  | Class B2         | 
|-------------------------------- | ---------------- |  | ---------------- |  | ---------------- | 
|Beginning Account Value 1/1/09   | $       1,000.00 |  | $       1,000.00 |  | $       1,000.00 | 
|Ending Account Value 6/30/09     | $       1,023.31 |  | $       1,022.07 |  | $       1,021.47 | 
|Expenses Paid per $1,000*        | $       1.51     |  | $       2.76     |  | $       3.36     | 

|Annualized Expense Ratios | Class A |  | Class B |  | Class B2 | 
|------------------------- | ------- |  | ------- |  | -------- | 
|DWS Equity 500 Index VIP  | .30%    |  | .55%    |  | .67%     | 

For more information, please refer to the Portfolio's prospectus.

These tables do not reflect charges and fees ("contract charges") associated with the separate account that
invests in the Portfolio or any variable life insurance policy or variable annuity contract for which the Portfolio is an
investment option.

Portfolio Summary

|Asset Allocation(As a % of Investment Portfolio excluding Securities Lending Collateral) | 6/30/09 | 12/31/08
|---------------------------------------------------------------------------------------- | ------- | --------
|                                                                                         |         |         
|Common Stocks                                                                            | 99%     | 100%    
|Cash Equivalents                                                                         | 1%      |        
|                                                                                         | 100%    | 100%    

|Sector Diversification(As a % of Common Stocks) | 6/30/09 | 12/31/08
|----------------------------------------------- | ------- | --------
|                                                |         |         
|Information Technology                          | 18%     | 15%     
|Health Care                                     | 14%     | 15%     
|Financials                                      | 14%     | 13%     
|Energy                                          | 12%     | 14%     
|Consumer Staples                                | 12%     | 13%     
|Industrials                                     | 10%     | 11%     
|Consumer Discretionary                          | 9%      | 8%      
|Utilities                                       | 4%      | 4%      
|Telecommunication Services                      | 4%      | 4%      
|Materials                                       | 3%      | 3%      
|                                                | 100%    | 100%    

|Ten Largest Equity Holdings(20.1% of Net Assets)                                                                         
|-------------------------------------------------------------------------------------------------------------------------
|1.      ExxonMobil Corp.
Explorer and producer of oil and gas                                                            
|2.      Microsoft Corp.
Developer of computer software                                                                   
|3.      Johnson & Johnson
Provider of health care products                                                               
|4.      Procter & Gamble Co.
Manufacturer of diversified consumer products                                               
|5.      AT&T, Inc.
Provider of communications services                                                                   
|6.      International Business Machines Corp.
Manufacturer of computers and provider of information processing services  
|7.      Chevron Corp.
Operator of petroleum exploration, delivery and refining facilities                                
|8.      JPMorgan Chase & Co.
Provider of global financial services                                                       
|9.      Apple, Inc.
Manufacturer of personal computers and communication solutions                                       
|10.     General Electric Co.
A diversified company provider of services to the technology, media and financial industries

Asset allocation, sector diversification, and holdings are subject to change.

For more complete details about the Portfolio's investment portfolio, see page 8. A complete list of portfolio holdings of the Portfolio is
posted as of the month end on www.dws-investments.com on or about the 15th day of the following month. More frequent posting of
portfolio holdings information may be made from time to time on www.dws-investments.com.

Following the Portfolio's fiscal first and third quarter-end, a complete portfolio holdings listing is filed with the SEC
on Form N-Q. The form will be available on the SEC's Web site at www.sec.gov, and it also may be reviewed and
copied at the SEC's Public Reference Room in Washington, D.C. Information on the operation of the SEC's Public
Reference Room may be obtained by calling (800) SEC-0330.

Investment PortfolioJune 30, 2009 (Unaudited)

|                                                    | Shares      | Value ($) 
|--------------------------------------------------- | ----------- | ----------
|                                                    |            
|Common Stocks 99.1%                                
|Consumer Discretionary 8.9%                        
|Auto Components 0.2%                               
|Goodyear Tire & Rubber Co.*                         | 19,094      | 214,999   
|Johnson Controls, Inc.                              | 49,938      | 1,084,653 
|                                                    | 1,299,652  
|Automobiles 0.3%                                   
|Ford Motor Co.*                                     | 257,362     | 1,562,187 
|Harley-Davidson, Inc.                               | 19,786      | 320,731   
|                                                    | 1,882,918  
|Distributors 0.1%                                  
|Genuine Parts Co.                                   | 12,609      | 423,158   
|Diversified Consumer Services 0.2%                 
|Apollo Group, Inc. "A"*                             | 8,644       | 614,761   
|DeVry, Inc.                                         | 4,900       | 245,196   
|H&R Block, Inc.                                     | 26,596      | 458,249   
|                                                    | 1,318,206  
|Hotels Restaurants & Leisure 1.5%                  
|Carnival Corp. (Units) (a)                          | 36,846      | 949,521   
|Darden Restaurants, Inc.                            | 11,954      | 394,243   
|International Game Technology                       | 23,256      | 369,770   
|Marriott International, Inc. "A" (a)                | 23,326      | 514,799   
|McDonald's Corp.                                    | 88,891      | 5,110,344 
|Starbucks Corp.*                                    | 58,028      | 806,009   
|Starwood Hotels & Resorts
Worldwide, Inc.           | 15,025      | 333,555   
|Wyndham Worldwide Corp.                             | 14,337      | 173,765   
|Wynn Resorts Ltd.* (a)                              | 5,400       | 190,620   
|Yum! Brands, Inc.                                   | 36,516      | 1,217,444 
|                                                    | 10,060,070 
|Household Durables 0.4%                            
|Black & Decker Corp. (a)                            | 4,722       | 135,332   
|Centex Corp.                                        | 12,435      | 105,200   
|D.R. Horton, Inc. (a)                               | 21,700      | 203,112   
|Fortune Brands, Inc.                                | 12,755      | 443,109   
|Harman International Industries, Inc.               | 4,700       | 88,360    
|KB HOME (a)                                         | 5,992       | 81,971    
|Leggett & Platt, Inc.                               | 12,264      | 186,781   
|Lennar Corp. "A" (a)                                | 11,900      | 115,311   
|Newell Rubbermaid, Inc.                             | 21,897      | 227,948   
|Pulte Homes, Inc. (a)                               | 17,282      | 152,600   
|Snap-on, Inc.                                       | 4,493       | 129,129   
|The Stanley Works (a)                               | 6,156       | 208,319   
|Whirlpool Corp. (a)                                 | 5,988       | 254,849   
|                                                    | 2,332,021  
|Internet & Catalog Retail 0.4%                     
|Amazon.com, Inc.*                                   | 25,928      | 2,169,136 
|Expedia, Inc.*                                      | 16,553      | 250,116   
|                                                    | 2,419,252  
|Leisure Equipment & Products 0.1%                  
|Eastman Kodak Co.                                   | 21,807      | 64,549    
|Hasbro, Inc.                                        | 9,786       | 237,212   
|Mattel, Inc. (a)                                    | 28,298      | 454,183   
|                                                    | 755,944    
|Media 2.5%                                         
|CBS Corp. "B"                                       | 55,087      | 381,202   
|Comcast Corp. "A"                                   | 232,387     | 3,367,288 
|Gannett Co., Inc.                                   | 18,542      | 66,195    
|Interpublic Group of
Companies, Inc.*               | 38,897      | 196,430   
|                                                    | Shares      | Value ($) 
|                                                    |            
|McGraw-Hill Companies, Inc.                         | 25,764      | 775,754   
|Meredith Corp. (a)                                  | 2,924       | 74,708    
|New York Times Co. "A"                              | 9,510       | 52,400    
|News Corp. "A"                                      | 182,054     | 1,658,512 
|Omnicom Group, Inc. (a)                             | 24,532      | 774,721   
|Scripps Networks Interactive "A"                    | 7,100       | 197,593   
|The DIRECTV Group, Inc.* (a)                        | 42,500      | 1,050,175 
|Time Warner Cable, Inc.                             | 27,891      | 883,308   
|Time Warner, Inc.                                   | 96,376      | 2,427,711 
|Viacom, Inc. "B"*                                   | 49,587      | 1,125,625 
|Walt Disney Co.                                     | 148,580     | 3,466,371 
|Washington Post Co. "B"                             | 518         | 182,429   
|                                                    | 16,680,422 
|Multiline Retail 0.8%                              
|Big Lots, Inc.*                                     | 7,792       | 163,866   
|Family Dollar Stores, Inc.                          | 11,070      | 313,281   
|J.C. Penney Co., Inc.                               | 17,522      | 503,057   
|Kohl's Corp.*                                       | 24,978      | 1,067,809 
|Macy's, Inc.                                        | 33,608      | 395,230   
|Nordstrom, Inc. (a)                                 | 14,448      | 287,371   
|Sears Holdings Corp.* (a)                           | 4,443       | 295,548   
|Target Corp.                                        | 60,610      | 2,392,277 
|                                                    | 5,418,439  
|Specialty Retail 1.9%                              
|Abercrombie & Fitch Co. "A" (a)                     | 7,400       | 187,886   
|AutoNation, Inc.* (a)                               | 8,651       | 150,095   
|AutoZone, Inc.*                                     | 2,891       | 436,859   
|Bed Bath & Beyond, Inc.*                            | 22,016      | 676,992   
|Best Buy Co., Inc.                                  | 26,836      | 898,737   
|GameStop Corp. "A"*                                 | 12,900      | 283,929   
|Home Depot, Inc.                                    | 136,085     | 3,215,688 
|Limited Brands, Inc. (a)                            | 21,370      | 255,799   
|Lowe's Companies, Inc.                              | 119,000     | 2,309,790 
|O'Reilly Automotive, Inc.* (a)                      | 12,000      | 456,960   
|Office Depot, Inc.*                                 | 22,003      | 100,334   
|RadioShack Corp.                                    | 10,045      | 140,228   
|Staples, Inc.                                       | 57,589      | 1,161,570 
|The Gap, Inc.                                       | 36,832      | 604,045   
|The Sherwin-Williams Co.                            | 7,689       | 413,284   
|Tiffany & Co. (a)                                   | 9,700       | 245,992   
|TJX Companies, Inc.                                 | 32,858      | 1,033,713 
|                                                    | 12,571,901 
|Textiles, Apparel & Luxury Goods 0.5%              
|Coach, Inc.                                         | 25,600      | 688,128   
|NIKE, Inc. "B" (a)                                  | 31,950      | 1,654,371 
|Polo Ralph Lauren Corp. (a)                         | 4,400       | 235,576   
|VF Corp.                                            | 6,887       | 381,196   
|                                                    | 2,959,271  
|Consumer Staples 11.9%                             
|Beverages 2.6%                                     
|Brown-Forman Corp. "B" (a)                          | 7,750       | 333,095   
|Coca-Cola Co.                                       | 160,414     | 7,698,268 
|Coca-Cola Enterprises, Inc.                         | 24,150      | 402,097   
|Constellation Brands, Inc. "A"*                     | 15,400      | 195,272   
|Dr. Pepper Snapple Group, Inc.*                     | 20,400      | 432,276   
|Molson Coors Brewing Co. "B"                        | 11,984      | 507,283   
|Pepsi Bottling Group, Inc.                          | 10,911      | 369,228   
|PepsiCo, Inc. (a)                                   | 125,446     | 6,894,512 
|                                                    | 16,832,031 
|                                                    | Shares      | Value ($) 
|                                                    |            
|Food & Staples Retailing 3.0%                      
|Costco Wholesale Corp.                              | 35,045      | 1,601,557 
|CVS Caremark Corp. (a)                              | 116,990     | 3,728,471 
|Kroger Co.                                          | 53,863      | 1,187,679 
|Safeway, Inc.                                       | 33,827      | 689,056   
|SUPERVALU, Inc.                                     | 16,648      | 215,592   
|Sysco Corp.                                         | 47,257      | 1,062,337 
|Wal-Mart Stores, Inc. (a)                           | 179,827     | 8,710,820 
|Walgreen Co.                                        | 78,696      | 2,313,662 
|Whole Foods Market, Inc. (a)                        | 11,100      | 210,678   
|                                                    | 19,719,852 
|Food Products 1.8%                                 
|Archer-Daniels-Midland Co.                          | 50,907      | 1,362,780 
|Campbell Soup Co.                                   | 16,185      | 476,163   
|ConAgra Foods, Inc.                                 | 35,305      | 672,913   
|Dean Foods Co.*                                     | 14,400      | 276,336   
|General Mills, Inc.                                 | 27,728      | 1,553,323 
|H.J. Heinz Co.                                      | 24,879      | 888,180   
|Hormel Foods Corp.                                  | 5,500       | 189,970   
|Kellogg Co.                                         | 21,932      | 1,021,373 
|Kraft Foods, Inc. "A"                               | 118,882     | 3,012,470 
|McCormick & Co., Inc.                               | 10,214      | 332,261   
|Sara Lee Corp.                                      | 55,739      | 544,013   
|The Hershey Co.                                     | 13,046      | 469,656   
|The J.M. Smucker Co.                                | 9,366       | 455,750   
|Tyson Foods, Inc. "A"                               | 22,800      | 287,508   
|                                                    | 11,542,696 
|Household Products 2.6%                            
|Clorox Co.                                          | 11,030      | 615,805   
|Colgate-Palmolive Co.                               | 40,221      | 2,845,234 
|Kimberly-Clark Corp.                                | 33,747      | 1,769,355 
|Procter & Gamble Co. (a)                            | 234,841     | 12,000,375
|                                                    | 17,230,769 
|Personal Products 0.2%                             
|Avon Products, Inc.                                 | 33,670      | 868,013   
|Estee Lauder Companies, Inc. "A"                    | 9,100       | 297,297   
|                                                    | 1,165,310  
|Tobacco 1.7%                                       
|Altria Group, Inc.                                  | 167,470     | 2,744,833 
|Lorillard, Inc.                                     | 13,702      | 928,585   
|Philip Morris International, Inc. (a)               | 158,070     | 6,895,014 
|Reynolds American, Inc.                             | 13,328      | 514,727   
|                                                    | 11,083,159 
|Energy 12.3%                                       
|Energy Equipment & Services 1.8%                   
|Baker Hughes, Inc.                                  | 24,271      | 884,435   
|BJ Services Co. (a)                                 | 23,086      | 314,662   
|Cameron International Corp.*                        | 17,200      | 486,760   
|Diamond Offshore Drilling, Inc. (a)                 | 5,900       | 489,995   
|ENSCO International, Inc.                           | 11,200      | 390,544   
|FMC Technologies, Inc.*                             | 10,200      | 383,316   
|Halliburton Co.                                     | 71,073      | 1,471,211 
|Nabors Industries Ltd.*                             | 22,496      | 350,488   
|National-Oilwell Varco, Inc.*                       | 33,000      | 1,077,780 
|Rowan Companies, Inc. (a)                           | 11,182      | 216,036   
|Schlumberger Ltd. (a)                               | 96,418      | 5,217,178 
|Smith International, Inc.                           | 19,300      | 496,975   
|                                                    | 11,779,380 
|Oil, Gas & Consumable Fuels 10.5%                  
|Anadarko Petroleum Corp. (a)                        | 39,814      | 1,807,157 
|Apache Corp.                                        | 27,053      | 1,951,874 
|Cabot Oil & Gas Corp.                               | 8,200       | 251,248   
|                                                    | Shares      | Value ($) 
|                                                    |            
|Chesapeake Energy Corp. (a)                         | 45,200      | 896,316   
|Chevron Corp.                                       | 161,582     | 10,704,808
|ConocoPhillips                                      | 119,342     | 5,019,525 
|CONSOL Energy, Inc.                                 | 14,300      | 485,628   
|Denbury Resources, Inc.*                            | 19,700      | 290,181   
|Devon Energy Corp. (a)                              | 35,792      | 1,950,664 
|El Paso Corp.                                       | 55,354      | 510,917   
|EOG Resources, Inc.                                 | 19,757      | 1,341,895 
|ExxonMobil Corp. (a)                                | 393,204     | 27,488,892
|Hess Corp.                                          | 22,950      | 1,233,563 
|Marathon Oil Corp.                                  | 57,542      | 1,733,740 
|Massey Energy Co. (a)                               | 8,300       | 162,182   
|Murphy Oil Corp.                                    | 15,000      | 814,800   
|Noble Energy, Inc.                                  | 14,700      | 866,859   
|Occidental Petroleum Corp. (a)                      | 65,088      | 4,283,441 
|Peabody Energy Corp.                                | 21,100      | 636,376   
|Pioneer Natural Resources Co.                       | 9,300       | 237,150   
|Range Resources Corp.                               | 12,268      | 508,018   
|Southwestern Energy Co.*                            | 29,000      | 1,126,650 
|Spectra Energy Corp.                                | 49,491      | 837,388   
|Sunoco, Inc.                                        | 10,516      | 243,971   
|Tesoro Corp. (a)                                    | 12,700      | 161,671   
|Valero Energy Corp.                                 | 44,804      | 756,740   
|Williams Companies, Inc.                            | 45,687      | 713,174   
|XTO Energy, Inc.                                    | 46,985      | 1,792,008 
|                                                    | 68,806,836 
|Financials 13.5%                                   
|Capital Markets 3.0%                               
|Ameriprise Financial, Inc.                          | 20,705      | 502,510   
|Bank of New York Mellon Corp.                       | 94,848      | 2,779,995 
|Charles Schwab Corp.                                | 78,563      | 1,377,995 
|E*TRADE Financial Corp.*                            | 39,900      | 51,072    
|Federated Investors, Inc. "B"                       | 7,000       | 168,630   
|Franklin Resources, Inc.                            | 12,252      | 882,267   
|Invesco Ltd.                                        | 31,092      | 554,060   
|Janus Capital Group, Inc.                           | 12,271      | 139,889   
|Legg Mason, Inc. (a)                                | 11,700      | 285,246   
|Morgan Stanley                                      | 107,840     | 3,074,518 
|Northern Trust Corp.                                | 19,404      | 1,041,607 
|State Street Corp.                                  | 39,265      | 1,853,308 
|T. Rowe Price Group, Inc. (a)                       | 21,720      | 905,072   
|The Goldman Sachs Group, Inc.                       | 40,533      | 5,976,186 
|                                                    | 19,592,355 
|Commercial Banks 2.7%                              
|BB&T Corp.                                          | 53,434      | 1,174,479 
|Comerica, Inc. (a)                                  | 11,837      | 250,352   
|Fifth Third Bancorp.                                | 62,106      | 440,953   
|First Horizon National Corp. (a)                    | 14,872      | 178,459   
|Huntington Bancshares, Inc.                         | 46,760      | 195,457   
|KeyCorp                                             | 61,329      | 321,364   
|M&T Bank Corp. (a)                                  | 7,550       | 384,521   
|Marshall & Ilsley Corp. (a)                         | 28,652      | 137,530   
|PNC Financial Services
Group, Inc. (a)              | 36,163      | 1,403,486 
|Regions Financial Corp.                             | 98,561      | 398,186   
|SunTrust Banks, Inc. (a)                            | 39,071      | 642,718   
|US Bancorp.                                         | 152,954     | 2,740,936 
|Wells Fargo & Co. (a)                               | 373,810     | 9,068,631 
|Zions Bancorp.                                      | 9,011       | 104,167   
|                                                    | 17,441,239 
|Consumer Finance 0.6%                              
|American Express Co.                                | 95,625      | 2,222,325 
|Capital One Financial Corp. (a)                     | 36,402      | 796,476   
|                                                    | Shares      | Value ($) 
|                                                    |            
|Discover Financial Services                         | 37,870      | 388,925   
|SLM Corp.* (a)                                      | 40,278      | 413,655   
|                                                    | 3,821,381  
|Diversified Financial Services 3.7%                
|Bank of America Corp. (a)                           | 649,881     | 8,578,429 
|CIT Group, Inc. (a)                                 | 25,224      | 54,232    
|Citigroup, Inc. (a)                                 | 440,031     | 1,306,892 
|CME Group, Inc. (a)                                 | 5,300       | 1,648,883 
|IntercontinentalExchange, Inc.*                     | 6,200       | 708,288   
|JPMorgan Chase & Co. (a)                            | 312,991     | 10,676,123
|Leucadia National Corp.*                            | 14,000      | 295,260   
|Moody's Corp.                                       | 15,752      | 415,065   
|NYSE Euronext                                       | 22,000      | 599,500   
|The NASDAQ OMX Group, Inc.*                         | 10,800      | 230,148   
|                                                    | 24,512,820 
|Insurance 2.3%                                     
|Aflac, Inc.                                         | 37,737      | 1,173,243 
|Allstate Corp.                                      | 42,256      | 1,031,046 
|American International Group, Inc. (a)              | 219,181     | 254,250   
|Aon Corp.                                           | 23,383      | 885,514   
|Assurant, Inc.                                      | 8,600       | 207,174   
|Chubb Corp.                                         | 28,070      | 1,119,432 
|Cincinnati Financial Corp.                          | 12,809      | 286,281   
|Genworth Financial, Inc. "A"                        | 34,900      | 243,951   
|Hartford Financial Services
Group, Inc.             | 28,334      | 336,325   
|Lincoln National Corp.                              | 22,569      | 388,413   
|Loews Corp.                                         | 28,582      | 783,147   
|Marsh & McLennan Companies, Inc.                    | 40,613      | 817,540   
|MBIA, Inc.*                                         | 15,364      | 66,526    
|MetLife, Inc.                                       | 65,932      | 1,978,619 
|Principal Financial Group, Inc.                     | 25,511      | 480,627   
|Progressive Corp.*                                  | 53,356      | 806,209   
|Prudential Financial, Inc.                          | 37,063      | 1,379,485 
|The Travelers Companies, Inc.                       | 48,871      | 2,005,666 
|Torchmark Corp. (a)                                 | 6,910       | 255,946   
|Unum Group                                          | 26,165      | 414,977   
|XL Capital Ltd. "A" (a)                             | 27,677      | 317,178   
|                                                    | 15,231,549 
|Real Estate Investment Trusts 1.0%                 
|Apartment Investment &
Management Co. "A" (REIT)    | 9,297       | 82,278    
|AvalonBay Communities, Inc.
(REIT) (a)              | 7,399       | 413,900   
|Boston Properties, Inc. (REIT) (a)                  | 11,081      | 528,564   
|Equity Residential (REIT)                           | 21,530      | 478,612   
|HCP, Inc. (REIT)                                    | 19,985      | 423,482   
|Health Care REIT, Inc. (REIT) (a)                   | 8,300       | 283,030   
|Host Hotels & Resorts, Inc. (REIT)                  | 48,100      | 403,559   
|Kimco Realty Corp. (REIT) (a)                       | 24,800      | 249,240   
|Plum Creek Timber Co., Inc.
(REIT) (a)              | 15,100      | 449,678   
|ProLogis (REIT) (a)                                 | 36,600      | 294,996   
|Public Storage (REIT) (a)                           | 9,946       | 651,264   
|Simon Property Group, Inc. (REIT)                   | 22,265      | 1,145,089 
|Ventas, Inc. (REIT) (a)                             | 12,100      | 361,306   
|Vornado Realty Trust (REIT) (a)                     | 12,929      | 582,193   
|                                                    | 6,347,191  
|Real Estate Management & Development 0.0%          
|CB Richard Ellis Group, Inc. "A"* (a)               | 16,800      | 157,248   
|                                                    | Shares      | Value ($) 
|                                                    |            
|Thrifts & Mortgage Finance 0.2%                    
|Hudson City Bancorp., Inc.                          | 46,200      | 613,998   
|People's United Financial, Inc.                     | 28,000      | 421,120   
|                                                    | 1,035,118  
|Health Care 13.8%                                  
|Biotechnology 1.9%                                 
|Amgen, Inc.*                                        | 81,516      | 4,315,457 
|Biogen Idec, Inc.*                                  | 23,460      | 1,059,219 
|Celgene Corp.*                                      | 37,800      | 1,808,352 
|Cephalon, Inc.* (a)                                 | 5,500       | 311,575   
|Genzyme Corp.*                                      | 22,103      | 1,230,474 
|Gilead Sciences, Inc.* (a)                          | 73,072      | 3,422,693 
|                                                    | 12,147,770 
|Health Care Equipment & Supplies 2.0%              
|Baxter International, Inc. (a)                      | 48,803      | 2,584,607 
|Becton, Dickinson & Co.                             | 19,178      | 1,367,583 
|Boston Scientific Corp.*                            | 118,865     | 1,205,291 
|C.R. Bard, Inc.                                     | 7,798       | 580,561   
|DENTSPLY International, Inc.                        | 11,700      | 357,084   
|Hospira, Inc.*                                      | 12,620      | 486,122   
|Intuitive Surgical, Inc.*                           | 3,300       | 540,078   
|Medtronic, Inc.                                     | 90,125      | 3,144,461 
|St. Jude Medical, Inc.*                             | 27,188      | 1,117,427 
|Stryker Corp.                                       | 20,482      | 813,955   
|Varian Medical Systems, Inc.*                       | 9,800       | 344,372   
|Zimmer Holdings, Inc.*                              | 17,684      | 753,339   
|                                                    | 13,294,880 
|Health Care Providers & Services 2.1%              
|Aetna, Inc.                                         | 35,972      | 901,099   
|AmerisourceBergen Corp.                             | 24,764      | 439,313   
|Cardinal Health, Inc.                               | 28,400      | 867,620   
|CIGNA Corp.                                         | 22,105      | 532,509   
|Coventry Health Care, Inc.*                         | 11,895      | 222,555   
|DaVita, Inc.*                                       | 8,200       | 405,572   
|Express Scripts, Inc.*                              | 21,868      | 1,503,425 
|Humana, Inc.*                                       | 13,675      | 441,156   
|Laboratory Corp. of America
Holdings*               | 8,491       | 575,605   
|McKesson Corp.                                      | 21,715      | 955,460   
|Medco Health Solutions, Inc.*                       | 38,928      | 1,775,506 
|Patterson Companies, Inc.* (a)                      | 7,200       | 156,240   
|Quest Diagnostics, Inc.                             | 12,316      | 694,992   
|Tenet Healthcare Corp.* (a)                         | 33,700      | 95,034    
|UnitedHealth Group, Inc. (a)                        | 95,808      | 2,393,284 
|WellPoint, Inc.*                                    | 39,088      | 1,989,188 
|                                                    | 13,948,558 
|Health Care Technology 0.0%                        
|IMS Health, Inc.                                    | 14,430      | 183,261   
|Life Sciences Tools & Services 0.4%                
|Life Technologies Corp.* (a)                        | 13,210      | 551,121   
|Millipore Corp.*                                    | 4,415       | 309,977   
|PerkinElmer, Inc.                                   | 9,336       | 162,447   
|Thermo Fisher Scientific, Inc.*                     | 33,821      | 1,378,882 
|Waters Corp.*                                       | 7,800       | 401,466   
|                                                    | 2,803,893  
|Pharmaceuticals 7.4%                               
|Abbott Laboratories (a)                             | 124,582     | 5,860,337 
|Allergan, Inc.                                      | 24,324      | 1,157,336 
|Bristol-Myers Squibb Co. (a)                        | 159,562     | 3,240,704 
|Eli Lilly & Co. (a)                                 | 81,737      | 2,831,370 
|Forest Laboratories, Inc.*                          | 23,795      | 597,492   
|Johnson & Johnson (a)                               | 222,034     | 12,611,531
|                                                    | Shares      | Value ($) 
|                                                    |            
|King Pharmaceuticals, Inc.*                         | 19,486      | 187,650   
|Merck & Co., Inc. (a)                               | 169,959     | 4,752,054 
|Mylan, Inc.* (a)                                    | 26,636      | 347,600   
|Pfizer, Inc. (a)                                    | 543,689     | 8,155,335 
|Schering-Plough Corp.                               | 131,150     | 3,294,488 
|Watson Pharmaceuticals, Inc.*                       | 8,255       | 278,111   
|Wyeth (a)                                           | 107,476     | 4,878,336 
|                                                    | 48,192,344 
|Industrials 9.7%                                   
|Aerospace & Defense 2.7%                           
|Boeing Co. (a)                                      | 58,908      | 2,503,590 
|General Dynamics Corp.                              | 31,234      | 1,730,051 
|Goodrich Corp.                                      | 10,061      | 502,748   
|Honeywell International, Inc.                       | 58,347      | 1,832,096 
|ITT Corp.                                           | 14,394      | 640,533   
|L-3 Communications Holdings, Inc.                   | 9,400       | 652,172   
|Lockheed Martin Corp.                               | 26,293      | 2,120,531 
|Northrop Grumman Corp.                              | 25,831      | 1,179,960 
|Precision Castparts Corp.                           | 11,000      | 803,330   
|Raytheon Co.                                        | 31,996      | 1,421,582 
|Rockwell Collins, Inc.                              | 12,431      | 518,746   
|United Technologies Corp.                           | 76,000      | 3,948,960 
|                                                    | 17,854,299 
|Air Freight & Logistics 1.0%                       
|C.H. Robinson Worldwide, Inc. (a)                   | 13,700      | 714,455   
|Expeditors International of
Washington, Inc. (a)    | 17,200      | 573,448   
|FedEx Corp.                                         | 25,065      | 1,394,115 
|United Parcel Service, Inc. "B"                     | 80,058      | 4,002,100 
|                                                    | 6,684,118  
|Airlines 0.1%                                      
|Southwest Airlines Co.                              | 59,695      | 401,747   
|Building Products 0.1%                             
|Masco Corp. (a)                                     | 28,465      | 272,695   
|Commercial Services & Supplies 0.5%                
|Avery Dennison Corp.                                | 8,386       | 215,352   
|Cintas Corp. (a)                                    | 10,342      | 236,211   
|Iron Mountain, Inc.* (a)                            | 14,200      | 408,250   
|Pitney Bowes, Inc.                                  | 16,246      | 356,275   
|R.R. Donnelley & Sons Co.                           | 17,329      | 201,363   
|Republic Services, Inc.                             | 25,299      | 617,549   
|Stericycle, Inc.* (a)                               | 6,700       | 345,251   
|Waste Management, Inc.                              | 40,169      | 1,131,159 
|                                                    | 3,511,410  
|Construction & Engineering 0.2%                    
|Fluor Corp.                                         | 14,450      | 741,140   
|Jacobs Engineering Group, Inc.*                     | 9,700       | 408,273   
|Quanta Services, Inc.*                              | 15,600      | 360,828   
|                                                    | 1,510,241  
|Electrical Equipment 0.4%                          
|Cooper Industries Ltd. "A"                          | 13,228      | 410,729   
|Emerson Electric Co.                                | 60,604      | 1,963,570 
|Rockwell Automation, Inc. (a)                       | 11,147      | 358,042   
|                                                    | 2,732,341  
|Industrial Conglomerates 2.1%                      
|3M Co. (a)                                          | 55,936      | 3,361,754 
|General Electric Co. (a)                            | 853,232     | 9,999,879 
|Textron, Inc.                                       | 23,882      | 230,700   
|                                                    | 13,592,333 
|Machinery 1.4%                                     
|Caterpillar, Inc. (a)                               | 48,536      | 1,603,629 
|Cummins, Inc.                                       | 15,912      | 560,262   
|                                                    | Shares      | Value ($) 
|                                                    |            
|Danaher Corp.                                       | 21,765      | 1,343,771 
|Deere & Co.                                         | 33,824      | 1,351,269 
|Dover Corp.                                         | 14,702      | 486,489   
|Eaton Corp.                                         | 14,105      | 629,224   
|Flowserve Corp.                                     | 4,400       | 307,164   
|Illinois Tool Works, Inc. (a)                       | 32,894      | 1,228,262 
|Manitowoc Co., Inc.                                 | 10,300      | 54,178    
|PACCAR, Inc.                                        | 29,001      | 942,822   
|Pall Corp.                                          | 9,353       | 248,416   
|Parker Hannifin Corp.                               | 12,668      | 544,217   
|                                                    | 9,299,703  
|Professional Services 0.2%                         
|Dun & Bradstreet Corp.                              | 4,200       | 341,082   
|Equifax, Inc.                                       | 9,991       | 260,765   
|Monster Worldwide, Inc.* (a)                        | 9,785       | 115,561   
|Robert Half International, Inc.                     | 12,300      | 290,526   
|                                                    | 1,007,934  
|Road & Rail 0.9%                                   
|Burlington Northern Santa Fe Corp.                  | 22,138      | 1,628,028 
|CSX Corp.                                           | 31,148      | 1,078,655 
|Norfolk Southern Corp.                              | 29,586      | 1,114,505 
|Ryder System, Inc.                                  | 4,452       | 124,300   
|Union Pacific Corp.                                 | 40,562      | 2,111,658 
|                                                    | 6,057,146  
|Trading Companies & Distributors 0.1%              
|Fastenal Co. (a)                                    | 10,200      | 338,334   
|W.W. Grainger, Inc. (a)                             | 5,109       | 418,325   
|                                                    | 756,659    
|Information Technology 18.2%                       
|Communications Equipment 2.7%                      
|Ciena Corp.* (a)                                    | 7,465       | 77,263    
|Cisco Systems, Inc.* (a)                            | 464,795     | 8,663,779 
|Harris Corp.                                        | 10,300      | 292,108   
|JDS Uniphase Corp.*                                 | 17,678      | 101,118   
|Juniper Networks, Inc.* (a)                         | 42,100      | 993,560   
|Motorola, Inc.                                      | 179,280     | 1,188,626 
|QUALCOMM, Inc.                                      | 133,320     | 6,026,064 
|Tellabs, Inc.*                                      | 32,716      | 187,463   
|                                                    | 17,529,981 
|Computers & Peripherals 5.4%                       
|Apple, Inc.* (a)                                    | 71,862      | 10,235,305
|Dell, Inc.* (a)                                     | 140,109     | 1,923,697 
|EMC Corp.*                                          | 162,167     | 2,124,388 
|Hewlett-Packard Co. (a)                             | 192,327     | 7,433,438 
|International Business Machines
Corp. (a)           | 106,502     | 11,120,939
|Lexmark International, Inc. "A"*                    | 6,168       | 97,763    
|NetApp, Inc.* (a)                                   | 26,684      | 526,208   
|QLogic Corp.*                                       | 9,518       | 120,688   
|SanDisk Corp.*                                      | 19,500      | 286,455   
|Sun Microsystems, Inc.*                             | 60,145      | 554,539   
|Teradata Corp.*                                     | 13,951      | 326,872   
|Western Digital Corp.*                              | 17,800      | 471,700   
|                                                    | 35,221,992 
|Electronic Equipment, Instruments & Components 0.5%
|Agilent Technologies, Inc.*                         | 27,597      | 560,495   
|Amphenol Corp. "A"                                  | 13,900      | 439,796   
|Corning, Inc.                                       | 126,022     | 2,023,913 
|FLIR Systems, Inc.*                                 | 10,900      | 245,904   
|Jabil Circuit, Inc.                                 | 16,647      | 123,521   
|Molex, Inc. (a)                                     | 11,117      | 172,869   
|                                                    | 3,566,498  
|                                                    | Shares      | Value ($) 
|                                                    |            
|Internet Software & Services 1.8%                  
|Akamai Technologies, Inc.* (a)                      | 13,500      | 258,930   
|eBay, Inc.*                                         | 88,368      | 1,513,744 
|Google, Inc. "A"* (a)                               | 19,353      | 8,159,031 
|VeriSign, Inc.*                                     | 15,300      | 282,744   
|Yahoo!, Inc.* (a)                                   | 112,388     | 1,759,996 
|                                                    | 11,974,445 
|IT Services 1.0%                                   
|Affiliated Computer Services,
Inc. "A"*             | 7,673       | 340,835   
|Automatic Data Processing, Inc.                     | 40,408      | 1,432,060 
|Cognizant Technology Solutions
Corp. "A"*           | 23,500      | 627,450   
|Computer Sciences Corp.*                            | 11,944      | 529,119   
|Convergys Corp.*                                    | 10,072      | 93,468    
|Fidelity National Information
Services, Inc. (a)    | 14,400      | 287,424   
|Fiserv, Inc.*                                       | 13,042      | 596,019   
|MasterCard, Inc. "A"                                | 5,800       | 970,398   
|Paychex, Inc. (a)                                   | 27,911      | 703,357   
|Total System Services, Inc.                         | 15,461      | 207,023   
|Western Union Co.                                   | 56,512      | 926,797   
|                                                    | 6,713,950  
|Office Electronics 0.1%                            
|Xerox Corp.                                         | 68,288      | 442,506   
|Semiconductors & Semiconductor Equipment 2.5%      
|Advanced Micro Devices, Inc.* (a)                   | 48,060      | 185,992   
|Altera Corp.                                        | 24,586      | 400,260   
|Analog Devices, Inc.                                | 22,935      | 568,329   
|Applied Materials, Inc.                             | 105,830     | 1,160,955 
|Broadcom Corp. "A"*                                 | 33,721      | 835,944   
|Intel Corp. (a)                                     | 449,145     | 7,433,350 
|KLA-Tencor Corp.                                    | 13,445      | 339,486   
|Linear Technology Corp. (a)                         | 20,314      | 474,332   
|LSI Corp.* (a)                                      | 50,913      | 232,163   
|MEMC Electronic Materials, Inc.*                    | 17,700      | 315,237   
|Microchip Technology, Inc. (a)                      | 14,400      | 324,720   
|Micron Technology, Inc.* (a)                        | 62,820      | 317,869   
|National Semiconductor Corp.                        | 18,626      | 233,756   
|Novellus Systems, Inc.*                             | 7,714       | 128,824   
|NVIDIA Corp.* (a)                                   | 44,021      | 496,997   
|Teradyne, Inc.* (a)                                 | 13,404      | 91,952    
|Texas Instruments, Inc.                             | 100,979     | 2,150,853 
|Xilinx, Inc. (a)                                    | 22,246      | 455,153   
|                                                    | 16,146,172 
|Software 4.2%                                      
|Adobe Systems, Inc.*                                | 42,210      | 1,194,543 
|Autodesk, Inc.*                                     | 19,848      | 376,715   
|BMC Software, Inc.*                                 | 14,806      | 500,295   
|CA, Inc.                                            | 31,459      | 548,330   
|Citrix Systems, Inc.* (a)                           | 14,598      | 465,530   
|Compuware Corp.*                                    | 19,446      | 133,400   
|Electronic Arts, Inc.*                              | 26,858      | 583,356   
|Intuit, Inc.*                                       | 25,970      | 731,315   
|McAfee, Inc.*                                       | 12,100      | 510,499   
|Microsoft Corp. (a)                                 | 616,671     | 14,658,270
|Novell, Inc.*                                       | 27,236      | 123,379   
|Oracle Corp. (a)                                    | 305,178     | 6,536,913 
|Salesforce.com, Inc.* (a)                           | 8,300       | 316,811   
|Symantec Corp.*                                     | 65,852      | 1,024,657 
|                                                    | 27,704,013 
|                                                    | Shares      | Value ($) 
|                                                    |            
|Materials 3.2%                                     
|Chemicals 1.8%                                     
|Air Products & Chemicals, Inc.                      | 16,539      | 1,068,254 
|CF Industries Holdings, Inc.                        | 3,900       | 289,146   
|Dow Chemical Co.                                    | 85,861      | 1,385,797 
|E.I. du Pont de Nemours & Co.                       | 74,612      | 1,911,559 
|Eastman Chemical Co.                                | 5,730       | 217,167   
|Ecolab, Inc.                                        | 13,266      | 517,241   
|International Flavors &
Fragrances, Inc.            | 6,243       | 204,271   
|Monsanto Co.                                        | 43,916      | 3,264,716 
|PPG Industries, Inc.                                | 13,250      | 581,675   
|Praxair, Inc. (a)                                   | 24,785      | 1,761,470 
|Sigma-Aldrich Corp.                                 | 9,940       | 492,626   
|                                                    | 11,693,922 
|Construction Materials 0.1%                        
|Vulcan Materials Co. (a)                            | 9,022       | 388,848   
|Containers & Packaging 0.2%                        
|Ball Corp.                                          | 7,436       | 335,810   
|Bemis Co., Inc.                                     | 7,872       | 198,374   
|Owens-Illinois, Inc.*                               | 13,200      | 369,732   
|Pactiv Corp.*                                       | 10,819      | 234,772   
|Sealed Air Corp.                                    | 12,396      | 228,706   
|                                                    | 1,367,394  
|Metals & Mining 0.9%                               
|AK Steel Holding Corp.                              | 10,400      | 199,576   
|Alcoa, Inc.                                         | 81,381      | 840,666   
|Allegheny Technologies, Inc. (a)                    | 8,017       | 280,034   
|Freeport-McMoRan Copper &
Gold, Inc.                | 33,199      | 1,663,602 
|Newmont Mining Corp.                                | 40,032      | 1,636,108 
|Nucor Corp. (a)                                     | 24,830      | 1,103,197 
|Titanium Metals Corp.                               | 6,700       | 61,573    
|United States Steel Corp.                           | 11,859      | 423,840   
|                                                    | 6,208,596  
|Paper & Forest Products 0.2%                       
|International Paper Co.                             | 37,472      | 566,952   
|MeadWestvaco Corp.                                  | 13,459      | 220,862   
|Weyerhaeuser Co.                                    | 16,798      | 511,163   
|                                                    | 1,298,977  
|Telecommunication Services 3.5%                    
|Diversified Telecommunication Services 3.1%        
|AT&T, Inc. (a)                                      | 475,436     | 11,809,830
|CenturyTel, Inc. (a)                                | 8,119       | 249,253   
|Embarq Corp.                                        | 11,198      | 470,988   
|Frontier Communications Corp.                       | 24,590      | 175,573   
|Qwest Communications
International, Inc. (a)        | 126,240     | 523,896   
|Verizon Communications, Inc. (a)                    | 229,429     | 7,050,353 
|Windstream Corp.                                    | 34,659      | 289,749   
|                                                    | 20,569,642 
|Wireless Telecommunication Services 0.4%           
|American Tower Corp. "A"*                           | 31,800      | 1,002,654 
|MetroPCS Communications, Inc.*                      | 20,400      | 271,524   
|Sprint Nextel Corp.*                                | 231,568     | 1,113,842 
|                                                    | 2,388,020  
|Utilities 4.1%                                     
|Electric Utilities 2.3%                            
|Allegheny Energy, Inc.                              | 13,310      | 341,402   
|American Electric Power Co., Inc.                   | 40,016      | 1,156,062 
|Duke Energy Corp. (a)                               | 105,383     | 1,537,538 
|Edison International                                | 28,467      | 895,572   
|                                                    | Shares      | Value ($) 
|                                                    |            
|Entergy Corp.                                       | 14,956      | 1,159,389 
|Exelon Corp. (a)                                    | 53,542      | 2,741,886 
|FirstEnergy Corp.                                   | 24,054      | 932,092   
|FPL Group, Inc.                                     | 34,284      | 1,949,388 
|Northeast Utilities                                 | 12,300      | 274,413   
|Pepco Holdings, Inc.                                | 16,900      | 227,136   
|Pinnacle West Capital Corp.                         | 7,608       | 229,381   
|PPL Corp.                                           | 29,628      | 976,539   
|Progress Energy, Inc.                               | 21,874      | 827,493   
|Southern Co.                                        | 65,004      | 2,025,525 
|                                                    | 15,273,816 
|Gas Utilities 0.2%                                 
|EQT Corp.                                           | 10,300      | 359,573   
|Nicor, Inc.                                         | 3,584       | 124,078   
|Questar Corp.                                       | 13,700      | 425,522   
|                                                    | 909,173    
|Independent Power Producers & Energy Traders 0.2%  
|AES Corp.*                                          | 56,448      | 655,361   
|Constellation Energy Group, Inc.                    | 14,410      | 383,018   
|Dynegy, Inc. "A"*                                   | 39,872      | 90,510    
|                                                    | 1,128,889  
|Multi-Utilities 1.4%                               
|Ameren Corp.                                        | 16,669      | 414,891   
|CenterPoint Energy, Inc.                            | 26,021      | 288,313   
|CMS Energy Corp. (a)                                | 19,472      | 235,222   
|Consolidated Edison, Inc.                           | 21,622      | 809,095   
|Dominion Resources, Inc. (a)                        | 48,158      | 1,609,440 
|DTE Energy Co.                                      | 12,857      | 411,424   
|Integrys Energy Group, Inc.                         | 6,000       | 179,940   
|NiSource, Inc.                                      | 22,008      | 256,613   
|PG&E Corp.                                          | 31,149      | 1,197,368 
|Public Service Enterprise Group, Inc.               | 39,950      | 1,303,569 
|                                                    | Shares      | Value ($) 
|                                                    |            
|SCANA Corp.                                         | 9,300       | 301,971   
|Sempra Energy                                       | 20,487      | 1,016,770 
|TECO Energy, Inc. (a)                               | 16,800      | 200,424   
|Wisconsin Energy Corp.                              | 9,200       | 374,532   
|Xcel Energy, Inc.                                   | 34,057      | 626,989   
|                                                    | 9,226,561  
|Total Common Stocks (Cost $787,510,915)             | 648,424,915

|                                                          | Principal
Amount ($) | Value ($)
|--------------------------------------------------------- | -------------------- | ---------
|                                                          |                     
|Government & Agency Obligation 0.1%                      
|US Treasury Obligation                                   
|US Treasury Bill, 0.28%**,
11/19/2009 (b) (Cost $874,043) | 875,000              | 874,126  

|                                                                   | Shares      | Value ($)  
|------------------------------------------------------------------ | ----------- | -----------
|                                                                   |            
|Securities Lending Collateral 37.9%                               
|Daily Assets Fund Institutional,
0.48% (c) (d) (Cost $247,908,871) | 247,908,871 | 247,908,871
|                                                                  
|Cash Equivalents 0.9%                                             
|Cash Management QP Trust,
0.27% (c) (Cost $5,571,119)              | 5,571,119   | 5,571,119  

|                                                 | % of Net
Assets | Value ($)    
|------------------------------------------------ | --------------- | -------------
|                                                 |                
|Total Investment Portfolio(Cost $1,041,864,948)+ | 138.0           | 902,779,031  
|Other Assets and Liabilities,
Net (a)            | (38.0)          | (248,485,410)
|Net Assets                                       | 100.0           | 654,293,621  

REIT: Real Estate Investment Trust

At June 30, 2009, open futures contracts purchased were as follows:

|Futures       | Expiration
Date | Contracts | Aggregate
Face
Value ($) | Value ($) | Unrealized
Depreciation ($)
|------------- | --------------- | --------- | ------------------------ | --------- | ---------------------------
|S&P 500 Index | 9/17/2009       | 30        | 6,899,563                | 6,866,250 | (33,313)                   

For information on the Portfolio's policy and additional disclosures regarding futures contracts, please refer to the Derivatives section of
Note A in the accompanying Notes to Financial Statements.

Fair Value Measurements

Financial Accounting Standards Board Statement of Financial Accounting Standards No. 157, "Fair Value Measurements," as amended,
establishes a three-tier hierarchy for measuring fair value and requires additional disclosure about the classification of fair value
measurements.

Various inputs are used in determining the value of the Portfolio's investments. These inputs are summarized in three broad levels. Level 1
includes quoted prices in active markets for identical securities. Level 2 includes other significant observable inputs (including quoted prices
for similar securities, interest rates, prepayment speeds, and credit risk). Level 3 includes significant unobservable inputs (including the
Portfolio's own assumptions in determining the fair value of investments). The inputs or methodology used for valuing securities are not
necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the inputs used as of June 30, 2009 in valuing the Portfolio's investments. For information on the Portfolio's
policy regarding the valuation of investments, please refer to the Security Valuation section of Note A in the accompanying Notes to the
Financial Statements.

|Assets                                           | Level 1             | Level 2        | Level 3  
|------------------------------------------------ | ------------------- | -------------- | ---------
|Common Stock and/or Other Equity Investments (e) | $       648,424,915 | $             | $        
|Short-Term Investments (e)                       | 247,908,871         | 6,445,245      |         
|Total                                            | $    896,333,786    | $    6,445,245 | $       
|Liabilities                                      |                     |                |          
|Derivatives (f)                                  | $       (33,313)    | $             | $       
|Total                                            | $    (33,313)       | $             | $       

The accompanying notes are an integral part of the financial statements.

Financial Statements

|Statement of Assets and Liabilities
as of June 30, 2009 (Unaudited)                                                                                                                           
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|Assets                                                                                                                                                                                        
|Investments:Investments in securities, at value (cost $788,384,958)  including $239,726,585 of securities loaned                                                                             
|Investment in Daily Assets Fund Institutional (cost $247,908,871)*                                                                                                                            
|Investment in Cash Management QP Trust (cost $5,571,119)                                                                                                                                      
|Total investments, at value (cost $1,041,864,948)                                                                                                                                             
|Dividends receivable                                                                                                                                                                          
|Interest receivable                                                                                                                                                                           
|Receivable for investments sold                                                                                                                                                               
|Receivable for Portfolio shares sold                                                                                                                                                          
|Other assets                                                                                                                                                                                  
|Total assets                                                                                                                                                                                  
|Liabilities                                                                                                                                                                                   
|Cash overdraft                                                                                                                                                                                
|Payable upon return of securities loaned                                                                                                                                                      
|Payable for investments purchased                                                                                                                                                             
|Payable for Portfolio shares redeemed                                                                                                                                                         
|Payable for daily variation margin on open futures contracts                                                                                                                                  
|Accrued management fee                                                                                                                                                                        
|Accrued expenses and payables                                                                                                                                                                 
|Total liabilities                                                                                                                                                                             
|Net assets, at value                                                                                                                                                                          
|Net Assets Consist of                                                                                                                                                                         
|Undistributed net investment income                                                                                                                                                           
|Net unrealized appreciation (depreciation) on:Investments                                                                                                                                     
|Futures                                                                                                                                                                                       
|Accumulated net realized gain (loss)                                                                                                                                                          
|Paid-in capital                                                                                                                                                                               
|Net assets, at value                                                                                                                                                                          
|Class A
Net Asset Value, offering and redemption price per share ($595,206,420 ÷ 62,345,953 outstanding shares of beneficial
interest, $.001 par value, unlimited number of shares authorized)
|Class B
Net Asset Value, offering and redemption price per share ($41,256,459 ÷ 4,318,443 outstanding shares of beneficial
interest, $.001 par value, unlimited number of shares authorized)  
|Class B2
Net Asset Value, offering and redemption price per share ($17,830,742 ÷ 1,866,221 outstanding shares of beneficial
interest, $.001 par value, unlimited number of shares authorized) 

The accompanying notes are an integral part of the financial statements.

|Statement of Operations
for the six months ended June 30, 2009 (Unaudited)                               
|---------------------------------------------------------------------------------------------------------
|Investment Income                                                                                        
|Income:Dividends                                                                                         
|Interest                                                                                                 
|Interest  Cash Management QP Trust                                                                      
|Securities lending income, including income
from Daily Assets Fund Institutional, net of
borrower rebates
|Total Income                                                                                             
|Expenses:Management fee                                                                                  
|Administration fee                                                                                       
|Custodian fee                                                                                            
|Distribution service fees (Class B and Class B2)                                                         
|Record keeping fee (Class B2)                                                                            
|Services to shareholders                                                                                 
|Professional fees                                                                                        
|Trustees' fees and expenses                                                                              
|Reports to shareholders                                                                                  
|Other                                                                                                    
|Total expenses before expense reductions                                                                 
|Expense reductions                                                                                       
|Total expenses after expense reductions                                                                  
|Net investment income (loss)                                                                             
|Realized and Unrealized Gain (Loss) on Investment
Transactions                                           
|Net realized gain (loss) from:Investments                                                                
|Futures                                                                                                  
|                                                                                                         
|Change in net unrealized appreciation
(depreciation)Investments                                          
|Futures                                                                                                  
|                                                                                                         
|Net gain (loss)                                                                                          
|Net increase (decrease) in net assets
resulting from operations                                          

The accompanying notes are an integral part of the financial statements.



|Statement of Changes in Net Assets                                                                                     
|-----------------------------------------------------------------------------------------------------------------------
|Increase (Decrease) in Net Assets                                                                                      
|Operations:Net investment income (loss)                                                                                
|Net realized gain (loss)                                                                                               
|Change in net unrealized appreciation (depreciation)                                                                   
|Net increase (decrease) in net assets resulting from operations                                                        
|Distributions to shareholders from:                                                                                    
|Net investment income:Class A                                                                                          
|Class B                                                                                                                
|Class B2                                                                                                               
|Total distributions                                                                                                    
|Portfolio share transactions:Class A
Proceeds from shares sold                                                         
|Reinvestment of distributions                                                                                          
|Cost of shares redeemed                                                                                                
|Net increase (decrease) in net assets from Class A share transactions                                                  
|Class B
Proceeds from shares sold                                                                                      
|Reinvestment of distributions                                                                                          
|Cost of shares redeemed                                                                                                
|Net increase (decrease) in net assets from Class B share transactions                                                  
|Class B2
Proceeds from shares sold                                                                                     
|Reinvestment of distributions                                                                                          
|Cost of shares redeemed                                                                                                
|Net increase (decrease) in net assets from Class B2 share transactions                                                 
|Increase (decrease) in net assets                                                                                      
|Net assets at beginning of period                                                                                      
|Net assets at end of period (including undistributed net investment income of $6,988,615 and
$18,642,625, respectively)

The accompanying notes are an integral part of the financial statements.

|Statement of Changes in Net Assets(continued)                 
|--------------------------------------------------------------
|Increase (Decrease) in
Net Assets                             
|Class A
Shares outstanding at
beginning of period             
|Shares sold                                                   
|Shares issued to
shareholders in reinvestment
of distributions
|Shares redeemed                                               
|Net increase (decrease) in
Class A shares                     
|Shares outstanding at end of
period                           
|Class B
Shares outstanding at
beginning of period             
|Shares sold                                                   
|Shares issued to
shareholders in reinvestment
of distributions
|Shares redeemed                                               
|Net increase (decrease) in
Class B shares                     
|Shares outstanding at end of
period                           
|Class B2
Shares outstanding at
beginning of period            
|Shares sold                                                   
|Shares issued to
shareholders in reinvestment
of distributions
|Shares redeemed                                               
|Net increase (decrease) in
Class B2 shares                    
|Shares outstanding at end of
period                           

The accompanying notes are an integral part of the financial statements.

Financial Highlights

|Class A
Years Ended December 31,                                                                                                                                                                                                                                                                                    | 2009a     | 2008       | 2007       | 2006       | 2005       | 2004      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                            
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                | $    9.55 | $    15.53 | $    14.97 | $    13.11 | $    12.73 | $    11.64
|Income (loss) from investment operations:
Net investment income (loss)b                                                                                                                                                                                                                                             | .11       | .27        | .27        | .24        | .21        | .21       
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                             | .17       | (5.93)     | .52        | 1.78       | .37        | 1.01      
|Total from investment operations                                                                                                                                                                                                                                                                                    | .28       | (5.66)     | .79        | 2.02       | .58        | 1.22      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                      | (.28)     | (.32)      | (.23)      | (.16)      | (.20)      | (.13)     
|Net asset value, end of period                                                                                                                                                                                                                                                                                      | $    9.55 | $    9.55  | $    15.53 | $    14.97 | $    13.11 | $    12.73
|Total Return (%)                                                                                                                                                                                                                                                                                                    | 3.20c**   | (37.15)c   | 5.30c      | 15.52c     | 4.68       | 10.59c    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                 
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                              | 595       | 584        | 1,046      | 1,412      | 1,102      | 790       
|Ratio of expenses before expense reductions and/or recoupments (%)                                                                                                                                                                                                                                                  | .34*      | .33        | .33        | .28        | .27        | .28       
|Ratio of expenses after expense reductions and/or recoupments (%)                                                                                                                                                                                                                                                   | .30*      | .28        | .30        | .27        | .27        | .29       
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                           | 2.43*     | 2.07       | 1.71       | 1.73       | 1.62       | 1.76      
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                         | 5**       | 6          | 7d         | 9          | 15         | 1         
|aFor the six months ended June 30, 2009 (Unaudited).bBased on average shares outstanding during the period.cTotal return would have been lower had certain expenses not been reduced.dExcludes portfolio securities delivered as a result of processing redemption in-kind transactions.*Annualized**Not annualized

|Class B
Years Ended December 31,                                                                                                                                                                                                                                                                                    | 2009a     | 2008       | 2007       | 2006       | 2005       | 2004      
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------- | ---------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                            
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                | $    9.54 | $    15.52 | $    14.96 | $    13.10 | $    12.72 | $    11.63
|Income (loss) from investment operations:
Net investment income (loss)b                                                                                                                                                                                                                                             | .10       | .24        | .23        | .21        | .17        | .20       
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                             | .17       | (5.94)     | .52        | 1.78       | .38        | .99       
|Total from investment operations                                                                                                                                                                                                                                                                                    | .27       | (5.70)     | .75        | 1.99       | .55        | 1.19      
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                      | (.26)     | (.28)      | (.19)      | (.13)      | (.17)      | (.10)     
|Net asset value, end of period                                                                                                                                                                                                                                                                                      | $    9.55 | $    9.54  | $    15.52 | $    14.96 | $    13.10 | $    12.72
|Total Return (%)                                                                                                                                                                                                                                                                                                    | 3.05c**   | (37.34)c   | 5.03c      | 15.24c     | 4.42       | 10.32c    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                 
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                              | 41        | 40         | 65         | 84         | 68         | 53        
|Ratio of expenses before expense reductions and/or recoupments (%)                                                                                                                                                                                                                                                  | .59*      | .58        | .58        | .53        | .52        | .53       
|Ratio of expenses after expense reductions and/or recoupments (%)                                                                                                                                                                                                                                                   | .55*      | .53        | .55        | .52        | .52        | .54       
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                           | 2.18*     | 1.82       | 1.46       | 1.48       | 1.37       | 1.71      
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                         | 5**       | 6          | 7d         | 9          | 15         | 1         
|aFor the six months ended June 30, 2009 (Unaudited).bBased on average shares outstanding during the period.cTotal return would have been lower had certain expenses not been reduced.dExcludes portfolio securities delivered as a result of processing redemption in-kind transactions.*Annualized**Not annualized

|Class B2
Years Ended December 31,                                                                                                                                                                                                                                                                                                                                                                        | 2009a     | 2008       | 2007       | 2006       | 2005b     
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- | --------- | ---------- | ---------- | ---------- | ----------
|Selected Per Share Data                                                                                                                                                                                                                                                                                                                                                                                 
|Net asset value, beginning of period                                                                                                                                                                                                                                                                                                                                                                     | $    9.54 | $    15.51 | $    14.96 | $    13.09 | $    12.94
|Income (loss) from investment operations:
Net investment income (loss)c                                                                                                                                                                                                                                                                                                                                  | .09       | .22        | .21        | .19        | .05       
|Net realized and unrealized gain (loss)                                                                                                                                                                                                                                                                                                                                                                  | .17       | (5.93)     | .52        | 1.79       | .10       
|Total from investment operations                                                                                                                                                                                                                                                                                                                                                                         | .26       | (5.71)     | .73        | 1.98       | .15       
|Less distributions from:
Net investment income                                                                                                                                                                                                                                                                                                                                                           | (.25)     | (.26)      | (.18)      | (.11)      |          
|Net asset value, end of period                                                                                                                                                                                                                                                                                                                                                                           | $    9.55 | $    9.54  | $    15.51 | $    14.96 | $    13.09
|Total Return (%)d                                                                                                                                                                                                                                                                                                                                                                                        | 2.94**    | (37.36)    | 4.85       | 15.20      | 1.16**    
|Ratios to Average Net Assets and Supplemental Data                                                                                                                                                                                                                                                                                                                                                      
|Net assets, end of period ($ millions)                                                                                                                                                                                                                                                                                                                                                                   | 18        | 19         | 48         | 57         | 59        
|Ratio of expenses before expense reductions (%)                                                                                                                                                                                                                                                                                                                                                          | .74*      | .72        | .72        | .67        | .66*      
|Ratio of expenses after expense reductions (%)                                                                                                                                                                                                                                                                                                                                                           | .67*      | .63        | .65        | .63        | .63*      
|Ratio of net investment income (loss) (%)                                                                                                                                                                                                                                                                                                                                                                | 2.06*     | 1.72       | 1.36       | 1.37       | 1.34*     
|Portfolio turnover rate (%)                                                                                                                                                                                                                                                                                                                                                                              | 5**       | 6          | 7e         | 9          | 15        
|aFor the six months ended June 30, 2009 (Unaudited).bFor the period September 16, 2005 (commencement of operations) to December 31, 2005.cBased on average shares outstanding during the period.dTotal return would have been lower had certain expenses not been reduced.eExcludes portfolio securities delivered as a result of processing redemption in-kind transactions.*Annualized**Not annualized

Notes to Financial Statements(Unaudited)

A. Organization and Significant Accounting Policies

DWS Investments VIT Funds (the "Trust") is registered under the Investment Company Act of 1940 as amended,
(the "1940 Act"), as a diversified, open-end management investment company. The Trust is organized as a
Massachusetts business trust. The Trust is comprised of two portfolios. DWS Equity 500 Index VIP (the
"Portfolio") is one of the series the Trust offers to investors. The Portfolio is an underlying investment vehicle for
variable annuity contracts and variable life insurance policies to be offered by the separate accounts of certain life
insurance companies ("Participating Insurance Companies").

Multiple Classes of Shares of Beneficial Interest. The Portfolio offers three classes of shares to investors: Class A
shares, Class B shares and Class B2 shares. Class B and Class B2 shares are subject to Rule 12b-1 distribution
fees under the 1940 Act equal to an annual rate up to 0.25% of Class B and Class B2 shares average daily net
assets. In addition, Class B2 shares are subject to record keeping fees equal to an annual rate of up to 0.15% of
average daily net assets. Class A shares are not subject to such fees.

Investment income, realized and unrealized gains and losses, and certain Portfolio-level expenses and expense
reductions, if any, are borne pro rata on the basis of relative net assets by the holders of all classes of shares,
except that each class bears certain expenses unique to that class (including the applicable 12b-1 distribution fees
and record keeping fees). Differences in class-level expenses may result in payment of different per share
dividends by class. All shares have equal rights with respect to voting subject to class-specific arrangements.

The Portfolio's financial statements are prepared in accordance with accounting principles generally accepted in
the United States of America which require the use of management estimates. Actual results could differ from
those estimates. The policies described below are followed consistently by the Portfolio in the preparation of its
financial statements.

Security Valuation. Investments are stated at value determined as of the close of regular trading on the New York
Stock Exchange on each day the exchange is open for trading. Equity securities are valued at the most recent sale
price or official closing price reported on the exchange (US or foreign) or over-the-counter market on which they
trade. Securities for which no sales are reported are valued at the calculated mean between the most recent bid
and asked quotations on the relevant market or, if a mean cannot be determined, at the most recent bid
quotation.

Debt securities are valued by independent pricing services approved by the Trustees of the Portfolio. If the pricing
services are unable to provide valuations, the securities are valued at the average of the means based on the
most recent bid or evaluated price, as applicable, obtained from one or more broker-dealers. Such services may
use various pricing techniques which take into account appropriate factors such as yield, quality, coupon rate,
maturity, type of issue, trading characteristics and other data, as well as broker quotes.

Money market instruments purchased with an original or remaining maturity of sixty days or less, maturing at par,
are valued at amortized cost. Investments in open-end investment companies and Cash Management QP Trust
are valued at their net asset value each business day.

Securities and other assets for which market quotations are not readily available or for which the above valuation
procedures are deemed not to reflect fair value are valued in a manner that is intended to reflect their fair value as
determined in accordance with procedures approved by the Trustees. In accordance with the Portfolio's valuation
procedures, factors used in determining value may include, but are not limited to, the type of the security, the
size of the holding, the initial cost of the security, the existence of any contractual restrictions on the security's
disposition, the price and extent of public trading in similar securities of the issuer or of comparable companies,
quotations or evaluated prices from broker-dealers and/or pricing services, information obtained from the issuer,
analysts, and/or the appropriate stock exchange (for exchange-traded securities), an analysis of the company's
financial statements, an evaluation of the forces that influence the issuer and the market(s) in which the security
is purchased and sold and with respect to debt securities, the maturity, coupon, creditworthiness, currency
denomination, and the movement of the market in which the security is normally traded. The value determined
under these procedures may differ from published values for the same securities.

Securities Lending. The Portfolio may lend securities to financial institutions. The Portfolio retains beneficial
ownership of the securities it has loaned and continues to receive interest and dividends paid by the issuer of
securities and to participate in any changes in their market value. The Portfolio requires the borrowers of the
securities to maintain collateral with the Portfolio consisting of liquid, unencumbered assets having a value at
least equal to the value of the securities loaned. When the collateral falls below specified amounts, the lending
agents will use their best efforts to obtain additional collateral on the next business day to meet required
amounts under the security lending agreement. The Portfolio may invest the cash collateral into a joint trading
account in an affiliated money market fund pursuant to Exemptive Orders issued by the SEC. The Portfolio
receives compensation for lending its securities either in the form of fees or by earning interest on invested cash
collateral net of borrower rebates and fees paid to a lending agent. Either the Portfolio or the borrower may
terminate the loan. There may be risks of delay and costs in recovery of securities or even loss of rights in the
collateral should the borrower of the securities fail financially. The Portfolio is also subject to all investment risks
associated with the reinvestment of any cash collateral received, including, but not limited to, interest rate, credit
and liquidity risk associated with such investments.

Derivatives. The Portfolio has adopted the provisions of Statement of Financial Accounting Standard No. 161
("FAS 161"), "Disclosures about Derivative Instruments and Hedging Activities," effective at the beginning of the
Portfolio's fiscal year. FAS 161 requires enhanced disclosures about the Portfolio's derivative and hedging activities
and derivatives accounted for as hedging instruments under FAS 133 must be disclosed separately from
derivatives that do not qualify for hedge accounting under FAS 133. Because investment companies account for
their derivatives at fair value and record any changes in fair value in current period earnings, the Portfolio's
derivatives are not accounted for as hedging instruments under FAS 133. As such, even though the Portfolio may
use derivatives in an attempt to achieve an economic hedge, the Portfolio's derivatives are not considered to be
hedging instruments under FAS 133. The disclosure below is presented in accordance with FAS 161.

Futures Contracts.A futures contract is an agreement between a buyer or seller and an established futures
exchange or its clearinghouse in which the buyer or seller agrees to take or make a delivery of a specific amount
of a financial instrument at a specified price on a specific date (settlement date). The Portfolio is subject to
equity risk. The Portfolio invests in futures to keep cash on hand to meet shareholder redemptions or other
needs while maintaining exposure to the stock market.

Futures contracts are valued at the most recent settlement price. Upon entering into a futures contract, the
Portfolio is required to depositwith a financial intermediary cash or securities ("initial margin") in an amount
equal to acertain percentage of the face value indicated in the futures contract.Subsequent payments
("variation margin") are made or received by thePortfolio dependent upon the daily fluctuations in the value and
are recorded for financial reporting purposes asunrealized gains or losses by the Portfolio. Gains or losses are
realized when the contract expires or is closed. Since all futures contracts areexchange traded, counterparty
risk is minimized as the exchange'sclearinghouse acts as the counterparty, and guarantees the futures against
default. Upon a futures contract close out or expiration, realized gain or loss is recognized.

Certain risks may arise upon entering into futures contracts, including the risk that an illiquid market will limit
the Portfolio's ability to close out a futures contract prior to the settlement date and that a change in the value of
a futures contract may not correlate exactly with the changes in the value of the underlying hedged security,
index or currency. Risk of loss may exceed amounts recognized on the Statement of Assets and Liabilities.

The primary risk exposure of the futures contracts is equity contract risk. See Statement of Assets and
Liabilities for net unrealized appreciation (depreciation) on futures. Payable for daily variation margin on open
futures contracts reflects unsettled variation margin. See Statement of Operations for net realized gain (loss)
from futures and for change in net unrealized appreciation (depreciation) on futures.

A summary of the open futures contracts as of June 30, 2009 is included in a table following the Portfolio's
Investment Portfolio. The volume indicated is generally indicative of the volume throughout the period.

Federal Income Taxes. The Portfolio's policy is to comply with the requirements of the Internal Revenue Code, as
amended, which are applicable to regulated investment companies, and to distribute all of its taxable and
tax-exempt income to its shareholders.

At December 31, 2008, DWS Equity 500 Index VIP had a net tax basis capital loss carryforward of approximately
$16,672,000, which may be applied against any realized net taxable capital gains of each succeeding year until
fully utilized or until December 31, 2012, whichever occurs first.

From November 1, 2008 through December 31, 2008, the Portfolio incurred approximately $4,747,000 of net
realized capital losses. As permitted by tax regulations, the Portfolio intends to elect to defer these losses and
treat them as arising in the fiscal year ending December 31, 2009.

The Portfolio has reviewed the tax positions for the open tax years as of December 31, 2008 and has determined
that no provision for income tax is required in the Portfolio's financial statements. The Portfolio's federal tax
returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service.

Distribution of Income and Gains. Net investment income of the Portfolio, if any, is declared and distributed to
shareholders annually. Net realized gains from investment transactions, in excess of available capital loss
carryforwards, would be taxable to the Portfolio if not distributed, and, therefore, will be distributed to
shareholders at least annually.

The timing and characterization of certain income and capital gains distributions are determined annually in
accordance with federal tax regulations, which may differ from accounting principles generally accepted in the
United States of America. These differences primarily relate to investments in futures contracts and certain
securities sold at a loss. As a result, net investment income (loss) and net realized gain (loss) on investment
transactions for a reporting period may differ significantly from distributions during such period. Accordingly, the
Portfolio may periodically make reclassifications among certain of its capital accounts without impacting the net
asset value of the Portfolio.

The tax character of current year distributions will be determined at the end of the current fiscal year.

Contingencies.In the normal course of business, the Portfolio may enter into contracts with service providers
that contain general indemnification clauses. The Portfolio's maximum exposure under these arrangements is
unknown as this would involve future claims that may be made against the Portfolio that have not yet been made.
However, based on experience, the Portfolio expects the risk of loss to be remote.

Expenses. Expenses of the Trust arising in connection with a specific portfolio are allocated to that portfolio.
Other Trust expenses which cannot be directly attributed to a portfolio are apportioned among the portfolios in the
Trust.

Other. Investment transactions are accounted for on a trade date plus one basis for daily net asset valuation
calculations. However, for financial reporting purposes, investment security transactions are reported on trade
date. Interest income is recorded on the accrual basis. Dividend income is recorded on the ex-dividend date.
Realized gains and losses from investment transactions are recorded on an identified cost basis.

B. Purchases and Sales of Securities

During the six months ended June 30, 2009, purchases and sales of investment securities (excluding short-term
investments) aggregated $29,222,230 and $33,429,079, respectively.

C. Related Parties

Management Agreement. Under the Investment Management Agreement with Deutsche Investment
Management Americas Inc. ("DIMA" or the "Advisor"), an indirect, wholly owned subsidiary of Deutsche Bank
AG, the Advisor determines the securities, instruments and other contracts relating to investments to be
purchased, sold, or entered into by the Portfolio or delegates such responsibility to the Portfolio's subadvisor.
Pursuant to the Investment Management Agreement with the Advisor, the Portfolio pays an annual management
fee based on the Portfolio's average daily net assets, computed and accrued daily and payable monthly, at the
following annual rates:

|First $1 billion of the Portfolio's average daily net assets | .200%
|------------------------------------------------------------ | -----
|Next $1 billion of such net assets                           | .175%
|Over $2 billion of such net assets                           | .150%

Northern Trust Investments, N.A. ("NTI") acts as investment sub-advisor for the Portfolio. As the Portfolio's
investment sub-advisor, NTI makes the Portfolio's investment decisions. It buys and sells securities for the
Portfolio and conducts the research that leads to these purchase and sale decisions. NTI is paid by the Advisor for
its services.

For the period from January 1, 2009 through April 30, 2009, the Advisor had contractually agreed to waive all or a
portion of its management fee and reimburse or pay certain operating expenses of the Portfolio to the extent
necessary to maintain operating expenses of each class (excluding certain expenses such as extraordinary
expenses, taxes, brokerage and interest) as follows:

|Class A  | .28%
|-------- | ----
|Class B  | .53%
|Class B2 | .63%

For the period from May 1, 2009 through September 30, 2009, the Advisor has contractually agreed to waive all
or a portion of its management fee and reimburse or pay certain operating expenses of the Portfolio to the extent
necessary to maintain operating expenses of each class (excluding certain expenses such as extraordinary
expenses, taxes, brokerage and interest) as follows:

|Class A  | .37%
|-------- | ----
|Class B  | .62%
|Class B2 | .77%

Accordingly, for the six months ended June 30, 2009, the Advisor waived a portion of its management fee
aggregating $131,153 and the amount charged aggregated $469,214, which was equivalent to an annualized
effective rate of 0.16% of the Portfolio's average daily net assets.

In addition, the Advisor reimbursed the Portfolio $2,796 of record keeping fees for Class B2 shares for the six
months ended June 30, 2009.

Administration Fee. Pursuant to the Administrative Services Agreement, DIMA provides most administrative
services to the Portfolio. For all services provided under the Administrative Services Agreement, the Portfolio
pays DIMA an annual fee ("Administration Fee") of 0.10% of the Portfolio's average daily net assets, computed
and accrued daily and payable monthly. For the six months ended June 30, 2009, the Administration Fee was
$300,184, of which $54,435 is unpaid.

Distribution Service Agreement. DWS Investments Distributors, Inc. ("DIDI"), an affiliate of the Advisor, is the
Portfolio's distributor. In accordance with the Distribution Plan, DIDI receives 12b-1 fees of 0.25% of average daily
net assets of Class B and B2 shares. For the six months ended June 30, 2009, the Distribution Service Fees were
as follows:

|Distribution Service Fees | Total
Aggregated | Unpaid at
June 30, 2009
|------------------------- | ---------------- | -----------------------
|Class B                   | $       46,939   | $       8,512          
|Class B2                  | 21,226           | 3,709                  
|                          | $    68,165      | $    12,221            

Service Provider Fees. DWS Investments Service Company ("DISC"), an affiliate of the Advisor, is the transfer
agent, dividend-paying agent and shareholder service agent of the Portfolio. Pursuant to a sub-transfer agency
agreement among DISC and DST Systems, Inc. ("DST"), DISC has delegated certain transfer agent,
dividend-paying agent and shareholder service agent functions to DST. DISC compensates DST out of the
shareholder servicing fee they receive from the Portfolio. For the six months ended June 30, 2009, the amounts
charged to the Portfolio by DISC were as follows:

|Services to Shareholders | Total
Aggregated | Waived     
|------------------------ | ---------------- | -----------
|Class A                  | $       376      | $       376
|Class B                  | 59               | 36         
|Class B2                 | 24               | 24         
|                         | $    459         | $    436   

Typesetting and Filing Service Fees. Under an agreement with DIMA, DIMA is compensated for providing
typesetting and certain regulatory filing services to the Portfolio. For the six months ended June 30, 2009, the
amount charged to the Portfolio by DIMA included in the Statement of Operations under "reports to
shareholders" aggregated $6,951, of which $2,117 is unpaid.

Trustees' Fees and Expenses. The Portfolio paid each Trustee not affiliated with the Advisor retainer fees plus
specified amounts for various committee services and for the Board Chairperson.

Cash Management QP Trust. Pursuant to an Exemptive Order issued by the SEC, the Portfolio may invest in the
Cash Management QP Trust (the "QP Trust") and other affiliated funds managed by the Manager or Advisor. The
QP Trust seeks to provide as high a level of current income as is consistent with the preservation of capital and
the maintenance of liquidity. The QP Trust does not pay the Manager or Advisor a management fee for the
affiliated funds' investments in the QP Trust.

D. Fee Reductions

The Portfolio has entered into an arrangement with its custodian whereby credits realized as a result of
uninvested cash balances are used to reduce a portion of the Portfolio's custodian expenses. During the six
months ended June 30, 2009, the Portfolio's custodian fee was reduced by $1 for custody credits earned.

E. Line of Credit

The Portfolio and other affiliated funds (the "Participants") share in a $450 million revolving credit facility provided
by a syndication of banks. The Portfolio may borrow for temporary or emergency purposes, including the meeting
of redemption requests that otherwise might require the untimely disposition of securities. The Participants are
charged an annual commitment fee which is allocated based on net assets, among each of the Participants.
Interest is calculated at a rate per annum equal to the sum of the Federal Funds Rate plus 1.25 percent plus if
LIBOR exceeds the Federal Funds Rate the amount of such excess. The Portfolio may borrow up to a maximum
of 33 percent of its net assets under the agreement.

F. Ownership of the Portfolio

At June 30, 2009, two participating insurance companies were beneficial owners of record of 10% or more of the
total outstanding Class A shares of the Portfolio, each owning 59% and 12%, respectively. At June 30, 2009, one
participating insurance company was a beneficial owner of record of 10% or more of the total outstanding
Class B shares of the Portfolio, owning 84%. At June 30, 2009, one participating insurance company was a
beneficial owner of record of 10% or more of the total outstanding Class B2 shares of the Portfolio, owning
100%.

G. Review for Subsequent Events

In accordance with the provisions set forth in Financial Accounting Standards Board Statement of Financial
Accounting Standards No. 165 "Subsequent Events," adopted by the Portfolio as of June 30, 2009, events and
transactions from July 1, 2009 through August 13, 2009, the date the financial statements were available to be
issued, have been evaluated by management for subsequent events. Management has determined that there
were no material events that would require disclosure in the Portfolio's financial statements through this date.

Proxy Voting

The Portfolio's policies and procedures for voting proxies for portfolio securities and information about how the
Portfolio voted proxies related to its portfolio securities during the 12-month period ended June 30 are available
on our Web site  www.dws-investments.com (click on "proxy voting" at the bottom of the page)  or on the
SEC's Web site  www.sec.gov. To obtain a written copy of the Portfolio's policies and procedures without
charge, upon request, call us toll free at (800) 778-1482.

Summary of Management Fee Evaluation by Independent
Fee Consultant

October 24, 2008

Pursuant to an Order entered into by Deutsche Investment Management Americas and affiliates (collectively,
"DeAM") with the Attorney General of New York, I, Thomas H. Mack, have been appointed the Independent Fee
Consultant for the DWS Funds (formerly the DWS Scudder Funds). My duties include preparing an annual written
evaluation of the management fees DeAM charges the Funds, considering among other factors the management
fees charged by other mutual fund companies for like services, management fees DeAM charges other clients for
like services, DeAM's costs of supplying services under the management agreements and related profit margins,
possible economies of scale if a Fund grows larger, and the nature and quality of DeAM's services, including fund
performance. This report summarizes my evaluation for 2008, including my qualifications, the evaluation process
for each of the DWS Funds, consideration of certain complex-level factors, and my conclusions. I served in
substantially the same capacity in 2007.

Qualifications

For more than 35 years I have served in various professional capacities within the investment management
business. I have held investment analysis and advisory positions, including securities analyst, portfolio strategist
and director of investment policy with a large investment firm. I have also performed business management
functions, including business development, financial management and marketing research and analysis.

Since 1991, I have been an independent consultant within the asset management industry. I have provided
services to over 125 client organizations, including investment managers, mutual fund boards, product
distributors and related organizations. Over the past ten years I have completed a number of assignments for
mutual fund boards, specifically including assisting boards with management contract renewal.

I hold a Master of Business Administration degree, with highest honors, from Harvard University and Master of
Science and Bachelor of Science (highest honors) degrees from the University of California at Berkeley. I am an
independent director and audit committee financial expert for two closed-end mutual funds, serve on the board of
directors of a private market research company, and have served in various leadership and financial oversight
capacities with non-profit organizations.

Evaluation of Fees for each DWS Fund

My work focused primarily on evaluating, fund-by-fund, the fees charged to each of the 129 Fund portfolios in the
DWS Fund family. For each Fund, I considered each of the key factors mentioned above, as well as any other
relevant information. In doing so I worked closely with the Funds' Independent Directors in their annual contract
renewal process, as well as in their approval of contracts for several new funds (documented separately).

In evaluating each Fund's fees, I reviewed comprehensive materials provided by or on behalf of DeAM, including
expense information prepared by Lipper Analytical, comparative performance information, profitability data,
manager histories, and other materials. I also accessed certain additional information from the Lipper, Strategic
Insight, and Morningstar databases and drew on my industry knowledge and experience.

To facilitate evaluating this considerable body of information, I prepared for each Fund a document summarizing
the key data elements in each area as well as additional analytics discussed below. This made it possible to
consider each key data element in the context of the others.

In the course of contract renewal, DeAM agreed to implement a number of fee and expense adjustments
requested by the Independent Directors which will favorably impact future fees and expenses, and my evaluation
includes the effects of these changes.

Fees and Expenses Compared with Other Funds

The competitive fee and expense evaluation for each fund focused on two primary comparisons:

The Fund's contractual management fee (the advisory fee plus the administration fee where applicable)
compared with those of a group of typically 12-15 funds in the same Lipper investment category (e.g. Large
Capitalization Growth) having similar distribution arrangements and being of similar size.

The Fund's total expenses compared with a broader universe of funds from the same Lipper investment
category and having similar distribution arrangements.

These two comparisons provide a view of not only the level of the fee compared with funds of similar scale but
also the total expense the Fund bears for all the services it receives, in comparison with the investment choices
available in the Fund's investment category and distribution channel. The principal figure-of-merit used in these
comparisons was the subject Fund's percentile ranking against peers.

DeAM's Fees for Similar Services to Others

DeAM provided management fee schedules for all of its US domiciled fund and non-fund investment
management accounts in any of the investment categories where there is a DWS Fund. These similar products
included the other DWS Funds, non-fund pooled accounts, institutional accounts and sub-advisory accounts.
Using this information, I calculated for each Fund the fee that would be charged to each similar product, at the
subject Fund's asset level.

Evaluating information regarding non-fund products is difficult because there are varying levels of services
required for different types of accounts, with mutual funds generally requiring considerably more regulatory and
administrative types of service as well as having more frequent cash flows than other types of accounts. Also,
while mutual fund fees for similar fund products can be expected to be similar, there will be some differences due
to different pricing conditions in different distribution channels (e.g. retail funds versus those used in variable
insurance products), differences in underlying investment processes and other factors.

Costs and Profit Margins

DeAM provided a detailed profitability analysis for each Fund. After making some adjustments so that the
presentation would be more comparable to the available industry figures, I reviewed profit margins from
investment management alone, from investment management plus other fund services (excluding distribution)
provided to the Funds by DeAM (principally shareholder services), and DeAM profits from all sources, including
distribution. A later section comments on overall profitability.

Economies of Scale

Economies of scale  an expected decline in management cost per dollar of fund assets as fund assets grow 
are very rarely quantified and documented because of inherent difficulties in collecting and analyzing relevant
data. However, in virtually every investment category that I reviewed, larger funds tend to have lower fees and
lower total expenses than smaller funds. To see how each DWS Fund compares with this industry observation, I
reviewed:

The trend in Fund assets over the last five years and the accompanying trend in total expenses. This shows if
the Fund has grown and, if so, whether total expense (management fees as well as other expenses) have
declined as a percent of assets.

Whether the Fund has break-points in its management fee schedule, the extent of the fee reduction built into
the schedule and the asset levels where the breaks take effect, and in the case of a sub-advised Fund how the
Fund's break-points compare with those of the sub-advisory fee schedule.

How the Fund's contractual fee schedule compares with trends in the industry data. To accomplish this, I
constructed a chart showing how actual latest-fiscal-year contractual fees of the Fund and of other similar
funds relate to average fund assets, with the subject Fund's contractual fee schedule superimposed.

Quality of Service  Performance

The quality-of-service evaluation focused on investment performance, which is the principal result of the
investment management service. Each Fund's performance was reviewed over the past 1, 3, 5 and 10 years, as
applicable, and compared with that of other funds in the same investment category and with a suitable market
index.

In addition, I calculated and reviewed risk-adjusted returns relative to an index of similar mutual funds' returns and
a suitable market index. The risk-adjusted returns analysis provides a way of determining the extent to which the
Fund's return comparisons are mainly the product of investment value-added (or lack thereof) or alternatively
taking considerably more or less risk than is typical in its investment category.

I also received and considered the history of portfolio manager changes for each Fund, as this provided an
important context for evaluating the performance results.

Complex-Level Considerations

While this evaluation was conducted mainly at the individual fund level, there are some issues relating to the
reasonableness of fees that can alternatively be considered across the whole fund complex:

I reviewed DeAM's profitability analysis for all DWS Funds, with a view toward determining if the allocation
procedures used were reasonable and how profit levels compared with public data for other investment
managers.

I considered whether DeAM and affiliates receive any significant ancillary or "fall-out" benefits that should be
considered in interpreting the direct profitability results. These would be situations where serving as the
investment manager of the Funds is beneficial to another part of the Deutsche Bank organization.

I considered how aggregated DWS Fund expenses had varied over the years, by asset class and in the context
of trends in asset levels.

I reviewed the structure of the DeAM organization, trends in staffing levels, and information on compensation
of investment management and other professionals compared with industry data.

Findings

Based on the process and analysis discussed above, which included reviewing a wide range of information from
management and external data sources and considering among other factors the fees DeAM charges other
clients, the fees charged by other fund managers, DeAM's costs and profits associated with managing the Funds,
economies of scale, possible fall-out benefits, and the nature and quality of services provided, in my opinion the
management fees charged the DWS Funds are reasonable.

e500_sigmack1Thomas H. Mack

Summary of Administrative Fee Evaluation by Independent
Fee Consultant

September 29, 2008

Pursuant to an Order entered into by Deutsche Asset Management (DeAM) with the Attorney General of New
York, I, Thomas H. Mack, have been appointed the Independent Fee Consultant for the DWS Funds and have as
part of my duties evaluated the reasonableness of the proposed management fees to be charged by DeAM to the
DWS Funds, taking onto account a proposal to pass through to the funds certain fund accounting-related charges
in connection with new regulatory requirements. My evaluation considered the following:

•    While the proposal would alter the services to be provided under the Administration Agreement, which I
consider to be part of fund management under the Order, it is my opinion that the change in services is slight
and that the scope of prospective services under the combination of the Advisory and Administration
Agreements continues to be comparable with those typically provided to competitive funds under their
management agreements.

•    While the proposal would increase fund expenses, according to a pro forma analysis performed by
management, the prospective effect is less than .01% for all but seven of the DeAM Funds' 438 active share
classes, and in all cases the effect is less than .03% and overall expenses would remain reasonable in my
opinion.

Based on the foregoing considerations, in my opinion the fees and expenses for all of the DWS Funds will remain
reasonable if the Directors adopt this proposal.

e500_sigmack0Thomas H. Mack

Notes

Deutsche Investment Management Americas Inc. ("DIMA"), an indirect, wholly owned subsidiary of Deutsche
Bank AG, is the Portfolio's Advisor.

DWS Investments is part of Deutsche Bank's Asset Management division and, within the US, represents the
retail asset management activities of Deutsche Bank AG, Deutsche Bank Trust Company Americas, Deutsche
Investment Management Americas Inc. and DWS Trust Company.

The views expressed in this report reflect those of the portfolio managers only through the end of the period of
the report as stated on the cover. The managers' views are subject to change at any time based on market and
other conditions and should not be construed as a recommendation.

This information must be preceded or accompanied by a current prospectus.

Portfolio changes should not be considered recommendations for action by individual investors.

DWS Investments Distributors, Inc.
222 South Riverside Plaza
Chicago, IL 60606
(800) 778-1482

vit-equ500-3  (R-12540-1  8/09)

e500_backcover0e500_backcoverlogo0




ITEM 2.
        CODE OF ETHICSNot applicable.ITEM 3.
        AUDIT COMMITTEE FINANCIAL EXPERTNot applicable.ITEM 4.
        PRINCIPAL ACCOUNTANT FEES AND SERVICESNot applicable.
  ITEM 5.
        AUDIT COMMITTEE OF LISTED REGISTRANTSNot ApplicableITEM 6.
        SCHEDULE OF INVESTMENTSNot ApplicableITEM 7.
        DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.ITEM 8.
        PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIESNot applicable.
  ITEM 9.
        PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANY AND AFFILIATED PURCHASERSNot Applicable.
  ITEM 10.
        SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERSThe primary function of the Nominating and Governance Committee is to identify and recommend individuals for membership on the Board and oversee the administration of the Board Governance Guidelines. Shareholders may recommend candidates for Board positions by forwarding their correspondence by U.S. mail or courier service to Chairman of the Board, P.O. Box 100176, Cape Coral, FL 33910.ITEM 11.
        CONTROLS AND PROCEDURES(a)        The Chief Executive and Financial Officers concluded that the Registrants Disclosure Controls and Procedures are effective based on the evaluation of the Disclosure Controls and Procedures as of a date within 90 days of the filing date of this report.(b)        There have been no changes in the registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal controls over financial reporting.
  
  ITEM 12.
        EXHIBITS(a)(1)   Certification pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) is filed and attached hereto as Exhibit 99.CERT.(b)       Certification pursuant to Rule 30a-2(b) under the Investment Company Act of 1940 (17 CFR 270.30a-2(b)) is furnished and attached hereto as Exhibit 99.906CERT.


Form N-CSRS Item F  SIGNATURES  Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.  Registrant:
        DWS Equity 500 Index VIP, a series of DWS Investments VIT FundsBy:
        /s/Michael G. Clark
Michael G. Clark
PresidentDate:
        August 20, 2009
   Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.  Registrant:
        DWS Equity 500 Index VIP, a series of DWS Investments VIT FundsBy:
        /s/Michael G. Clark
Michael G. Clark
PresidentDate:
        August 20, 2009By:
        /s/Paul Schubert
Paul Schubert
Chief Financial Officer and TreasurerDate:
        August 20, 2009