Supplement to the currently  effective  Statement of Additional  Information for
the listed Portfolio:

DWS Janus Growth & Income VIP

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

The following  information  replaces the "Compensation of Portfolio  Managers of
Non-Affiliated Subadvised Portfolios" section of DWS Janus Growth & Income VIP's
current Statement of Additional Information.

Compensation of Portfolio Managers of Non-Affiliated Subadvised Portfolios

DWS Janus Growth & Income VIP

The following  describes  the  structure  and method of  calculating a portfolio
manager's compensation as of July 1, 2007.

Portfolio  managers  and,  if  applicable,   co-portfolio  managers  ("portfolio
manager" or "portfolio managers") are compensated for managing the Portfolio and
any other funds,  portfolios or accounts for which they have exclusive or shared
responsibilities  (collectively,  the "Managed  Funds")  through two components:
fixed compensation and variable compensation.

Fixed  Compensation:  Fixed  compensation is paid in cash and is comprised of an
annual base  salary  based on factors  such as the  complexity  of managing  the
Portfolio and other accounts and the scope of  responsibility  (including assets
under management).

Variable  Compensation:  Variable  compensation  is paid in the form of cash and
long-term incentive awards (consisting of a mixture of Janus Capital Group, Inc.
("JCGI")  restricted  stock,  stock options,  and a cash-deferred  award that is
credited with income, gains, and losses based on the performance of Janus mutual
fund investments  selected by the portfolio manager).  Variable  compensation is
based on the pre-tax performance of the Managed Funds.

Variable  compensation is structured to pay a portfolio manager primarily on the
Managed Funds' performance, with additional discretionary compensation available
from one or more bonus pools as discussed below.

Aggregate compensation derived from the Managed Funds' performance is calculated
based upon a  percentage  of the total  revenue  received on the  Managed  Funds
adjusted  to reflect  the  actual  performance  of such  Managed  Funds.  Actual
performance is calculated based on the Managed Funds'  aggregate  asset-weighted
Lipper peer group performance  ranking on a one-,  three-, and five-year rolling
period basis with a predominant  weighting on the Managed Funds'  performance in
the three- and five-year periods.  The compensation  determined from the Managed
Funds' performance is then allocated to the respective portfolio manager(s).

A portfolio  manager is also  eligible  to  participate  in a portfolio  manager
discretionary  bonus  pool.  The  size  of  the  portfolio  manager  bonus  pool
fluctuates  depending on both the revenue derived from firm-wide  managed assets
(excluding assets managed by subadvisers) and the investment performance of such
firm-wide managed assets.  Compensation from the portfolio manager bonus pool is
then allocated among the eligible  respective  participants at the discretion of
Janus Capital based upon,  among other things:  (i) teamwork and support of team
culture;  (ii) mentoring of analysts;  (iii) contributions to the sales process;
and (iv) client relationships.

Portfolio  managers  may elect to defer  payment of a designated  percentage  of
their fixed  compensation  and/or up to all of their  variable  compensation  in
accordance with JCGI's Executive Income Deferral Program.

The Portfolio's Lipper peer group for compensation  purposes is Large Cap Growth
Funds.



<PAGE>




The following  information  replaces the  "Portfolio  Ownership of the Portfolio
Managers for each Portfolio Managed by a Subadviser" section of DWS Janus Growth
& Income VIP's current Statement of Additional Information.

<TABLE>
<CAPTION>
                                         Name of Dollar Range of
Name of Portfolio                         Portfolio Manager       Portfolio Shares Owned*
-----------------                         -----------------       -----------------------
<S>                                              <C>                         <C>
DWS Janus Growth & Income VIP                 Marc Pinto                     $0

*This information is provided as of November 30, 2007 for Marc Pinto.



The  following   information  replaces  the  "Other  SEC  Registered  Investment
Companies  Managed" section of DWS Janus Growth & Income VIP's current Statement
of Additional Information.

Other SEC Registered Investment Companies Managed*:

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

DWS Janus Growth & Income VIP           Marc Pinto          6           $3,162,636,325          0                 $0

*This information is provided as of October 31, 2007 for Marc Pinto.


The  following  information  replaces  the  "Other  Pooled  Investment  Vehicles
Managed"  section  of DWS  Janus  Growth & Income  VIP's  current  Statement  of
Additional Information.



Other Pooled Investment Vehicles Managed*:

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

DWS Janus Growth & Income VIP           Marc Pinto          2           $21,149,003             0                 $0



*This information is provided as of October 31, 2007 for Marc Pinto.


                                       2
<PAGE>



The following  information  replaces the "Other Accounts Managed" section of DWS
Janus Growth & Income VIP's current Statement of Additional Information.



Other Accounts Managed*:

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

DWS Janus Growth & Income VIP           Marc Pinto          28         $573,335,253             1            $266,516,518
</TABLE>


*This information is provided as of October 31, 2007 for Marc Pinto.



The  following  information  replaces the  "Potential  Conflicts of Interest for
Subadvised  Portfolios'  Managers"  section of DWS Janus  Growth & Income  VIP's
current Statement of Additional Information.

DWS Janus Growth & Income VIP. The portfolio  manager may manage other  accounts
with investment  strategies  similar to the Portfolio.  Those other accounts may
include  other Janus funds,  private-label  mutual funds for which Janus Capital
serves as subadviser,  and  separately  managed  accounts.  Fees earned by Janus
Capital may vary among these  accounts,  the  portfolio  manager may  personally
invest in some but not all of these accounts,  and certain of these accounts may
have a greater  impact on his  compensation  than others.  These  factors  could
create conflicts of interest  because the portfolio  manager may have incentives
to favor  certain  accounts  over others,  resulting in the  potential for other
accounts outperforming the Portfolio. A conflict may also exist if the portfolio
manager identifies a limited investment  opportunity that may be appropriate for
more than one account,  but the Portfolio is not able to take full  advantage of
that  opportunity  due to the need to allocate that  opportunity  among multiple
accounts.  In  addition,  the  portfolio  manager may execute  transactions  for
another  account that may adversely  impact the value of securities  held by the
Portfolio.   However,  Janus  Capital  believes  that  these  conflicts  may  be
mitigated,  to a  certain  extent,  by  the  fact  that  accounts  with  similar
investment  strategies  managed by a particular  portfolio manager are generally
managed in a similar fashion,  subject to a variety of exceptions,  for example,
particular  investment  restrictions  or  policies  applicable  only to  certain
accounts,  certain  portfolio  holdings that may be transferred  in-kind when an
account is opened,  differences  in cash flows and  account  sizes,  and similar
factors. In addition, Janus Capital has adopted trade allocation procedures that
govern the allocation of securities among various Janus accounts.



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<PAGE>





               Please Retain This Supplement for Future Reference

January 18, 2008


















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