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

DWS Variable Series I:
         DWS International VIP

DWS Variable Series II:
         DWS Balanced VIP
         DWS International Select Equity VIP

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

The following information supplements and replaces information for Matthias
Knerr contained in the "Portfolio Transactions" section of DWS Balanced VIP's
Statement of Additional Information. This information supplements and replaces
similar information for the entire portfolio management team contained in the
"Management of the Fund" and "Portfolio Transactions" section of DWS
International VIP and DWS International Select Equity VIP's Statements of
Additional Information, respectively.

Portfolio Ownership of Portfolio Managers

For Portfolios  managed by the Advisor or an affiliated  Advisor,  the following
table shows the dollar range of shares owned  beneficially and of record by each
member of the Portfolio's management team in the applicable Portfolio as well as
in all DWS  Funds  as a group  (i.e.  those  funds  advised  by  Deutsche  Asset
Management or its affiliates),  including  investments by their immediate family
members sharing the same household and amounts invested  through  retirement and
deferred  compensation plans. For Joseph Axtell, this information is provided as
of June 30, 2008.

                              Dollar Range of     Dollar Range Of All DWS
          Name of            Portfolio Shares           Fund Shares
     Portfolio Manager             Owned                   Owned
     -----------------             -----                   -----

Joseph Axtell                      None            $500,001 - $1,000,000

Conflicts of Interest

In addition to managing the assets of the Portfolios, the portfolio managers may
have  responsibility  for managing  other client  accounts of the Advisor or its
affiliates.  The tables below show, for each portfolio  manager,  the number and
asset size of (1) SEC registered  investment companies (or series thereof) other
than the  Portfolios,  (2) pooled  investment  vehicles that are not  registered
investment  companies  and  (3)  other  accounts  (e.g.,  accounts  managed  for
individuals or organizations)  managed by each portfolio  manager.  Total assets
attributed to each portfolio manager in the tables below include total assets of
each account managed by them,  although the manager may only manage a portion of
such account's assets.  The tables also show the number of performance based fee
accounts, as well as the total assets of the accounts for which the advisory fee
is based on the performance of the account.  For Joseph Axtell, this information
is provided as of June 30, 2008.

Other SEC Registered Investment Companies Managed:

<TABLE>
<CAPTION>
                          Number of      Total Assets of     Number of Investment    Total Assets of
                          Registered        Registered      Company Accounts with     Performance-
  Name of Portfolio       Investment        Investment           Performance-           Based Fee
       Manager            Companies         Companies             Based Fee             Accounts
       -------            ---------         ---------             ---------             --------
<S>                           <C>         <C>                         <C>                  <C>
Joseph Axtell                 8           $2,551,730,243              0                    $0




September 2, 2008

<PAGE>




Other Pooled Investment Vehicles Managed:

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

Joseph Axtell               1                 $253,829                  0                    $0

Other Accounts Managed:

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

Joseph Axtell               3               $284,908,162                0                    $0
</TABLE>






               Please Retain This Supplement for Future Reference




September 2, 2008