SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES

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

                        DWS Gold & Precious Metals Fund

The Fund's Board of Directors has approved an interim Sub-Advisory Agreement
between Deutsche Investment Management Americas Inc. ("DIMA"), the Fund's
investment advisor, and its affiliate, Deutsche Asset Management International
GmbH ("DeAMi"), effective May 4, 2009. The interim agreement will remain
effective for up to 150 days.

The following information supplements the "Who Manages and Oversees the Fund"
section of the prospectuses:

The Subadvisor

The subadvisor for the fund is Deutsche Asset Management International GmbH
("DeAMi"), Mainzer Landstrasse 178-190, Frankfurt am Main, Germany. DeAMi
renders investment advisory and management services to the fund. DeAMi is an
investment advisor registered with the Securities and Exchange Commission, whose
assets under management are currently comprised of institutional accounts and
investment companies. DeAMi is a subsidiary of Deutsche Bank AG. DIMA
compensates DeAMi out of the management fee it receives from the fund.


               Please Retain This Supplement for Future Reference



May 14, 2009                                              [DWS INVESTMENTS LOGO]
DSSF2-3603                                                   Deutsche Bank Group

<PAGE>

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

DWS Gold & Precious Metals Fund
--------------------------------------------------------------------------------

The following information supplements the disclosure in the "Management of the
Funds" section of the Fund's Statement of Additional Information:

The Board of Directors for the Fund has approved an interim Investment
Sub-Advisory Agreement (the "Interim Sub-Advisory Agreement") between Deutsche
Investment Management Americas Inc. ("DIMA") and its affiliate, Deutsche Asset
Management International GmbH ("DeAMi") effective May 4, 2009.  The Interim
Sub-Advisory Agreement will remain effective for up to 150 days.

Subadvisor to DWS Gold & Precious Metals Fund

DeAMi, an investment advisor registered with the US Securities and Exchange
Commission, is the subadvisor to the Fund.  DeAMi, Mainzer Landstrasse
178-190, 60325 Frankfurt am Main, Germany, will render investment advisory and
management services to the Fund pursuant to the terms of the interim
Sub-Advisory Agreement between DeAMi and DIMA.  DeAMi is an affiliate of DIMA
and a subsidiary of Deutsche Bank AG.  Under the terms of the Interim
Sub-Advisory Agreement, DeAMi manages the investment and reinvestment of the
Fund's portfolio and provides such investment advice, research and assistance
as DIMA may, from time to time, reasonably request.  The Interim Sub-Advisory
Agreement will remain effective for up to 150 days.

DIMA will pay a fee to DeAMi for serving as subadvisor to the Fund at the rate
of 50% of the investment management fee received by the Advisor under its
Investment Management Agreement with the Fund, less any fees waived and/or
reimbursed by the Advisor or its affiliates and any revenue sharing payments
made by the Advisor or any of its affiliates to unaffiliated third parties.
The fee will be computed daily and will be paid to the Sub-Advisor monthly.

The Interim Sub-Advisory Agreement provides that DeAMi will not be liable for
any error of judgment or mistake of law or for any loss suffered by the Fund
in connection with matters to which the Interim Sub-Advisory Agreement
relates, except a loss resulting from willful misconduct, bad faith or gross
negligence on the part of DeAMi in the performance of its duties or from
reckless disregard by DeAMi of its obligations and duties under the Interim
Sub-Advisory Agreement.



               Please Retain this Supplement for Future Reference


May 14, 2009