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


DWS Gold & Precious Metals Fund

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

The following information replaces similar information for the entire portfolio
management team contained in the "Management of the Fund" section of the fund's
Statements of Additional Information.

Compensation of Portfolio Managers.

Portfolio managers are eligible for total compensation comprised of base salary
and variable compensation.

Base Salary - Base salary is linked to job functions, responsibilities and
financial services industry peer comparison through the use of extensive market
data surveys.


Variable Compensation - Generally, variable compensation comprises a greater
proportion of total compensation as a portfolio manager's seniority and
compensation levels increase. Variable Compensation may include a cash bonus
incentive, and potential participation in long-term incentive programs including
but not limited to, Deutsche Bank equity, equity linked vehicle, and restricted
cash. Variable compensation is determined based on an analysis of a number of
factors, including among other things, the performance of Deutsche Bank, the
performance of the Asset Management division, and the portfolio manager's
individual contribution. In evaluating individual contribution, management will
consider a combination of quantitative and qualitative factors. Top performing
investment professionals earn a total compensation package that is highly
competitive. As variable compensation increases, the percentage awarded in
long-term incentives also increases. Long-term incentives are subject to a
clawback provision for unvested portions only during the three-year life of the
plan should the individual engage in any conduct that is a significant breach of
DB policies and procedures.

         o        The quantitative analysis of a portfolio manager's individual
                  performance is based on, among other factors, performance of
                  all of the accounts managed by the portfolio manager (which
                  includes the fund and any other accounts managed by the
                  portfolio manager) over a one-, three-, and five-year period
                  relative to the appropriate Morningstar and Lipper peer group
                  universes and/or benchmark index(es) with respect to each
                  account. Additionally, the portfolio manager's
                  retail/institutional asset mix is weighted, as appropriate for
                  evaluation purposes. Generally the benchmark index used is a
                  benchmark index set forth in the fund's prospectus to which
                  the fund's performance is compared. Additional or different
                  appropriate peer group or benchmark indices may also be used.
                  Primary weight is given to pre-tax portfolio performance over
                  three-year and five-year time periods (adjusted as appropriate
                  if the portfolio manager has served for less than five years)
                  with lesser consideration given to portfolio performance over
                  a one-year period. The increase or decrease in a fund's assets
                  due to the purchase or sale of fund shares is not considered a
                  material factor.

         o        The qualitative analysis of a portfolio manager's individual
                  performance is based on, among other things, the results of an
                  annual management and internal peer review process, and
                  management's assessment of overall portfolio manager
                  contributions to investor relations, the investment process
                  and overall performance (distinct from fund and other account
                  performance). Other factors, including contributions made to
                  the investment team, as well as adherence to Compliance
                  Policies and Procedures, Risk Management procedures, the
                  firm's Code of Ethics and "living the values" of the Advisor
                  are also factors.

The quantitative analysis of a portfolio manager's performance is given more
weight in determining variable compensation than the qualitative portion.



<PAGE>

Fund Ownership of Portfolio Managers

The following table shows the dollar range of shares owned beneficially and of
record by each member of the Fund's portfolio management team in the Fund as
well as in all DWS Funds as a group (i.e., those funds advised by 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. This information is provided as of April 30, 2009.

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

Pierre Martin                            $0                     $1 - $10,000
Stephan Werner                           $0                          $0
Manuel Tenekedshijew                     $0                     $1 - $10,000

Because the Fund's portfolio managers are not resident in the US, they generally
do not invest in US registered investment companies, such as the Fund, on
account of US tax and other regulatory limitations applicable to foreign
investors.

Conflicts of Interest

In addition to managing the assets of the Fund, the Fund's portfolio managers
may have responsibility for managing other client accounts of the Advisor or its
affiliates. The tables below show, for each portfolio manager, the number and
asset size of (1) SEC registered investment companies (or series thereof) other
than the Fund, (2) pooled investment vehicles that are not registered investment
companies and (3) other accounts (e.g., accounts managed for individuals or
organizations) managed by each portfolio manager. Total assets attributed to
each portfolio manager in the tables below include total assets of each account
managed by them, although the manager may only manage a portion of such
account's assets. The tables also show the number of performance based fee
accounts, as well as the total assets of the accounts for which the advisory fee
is based on the performance of the account. This information is provided as of
April 30, 2009.

Other SEC Registered Investment Companies Managed:

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

<S>                                    <C>                   <C>                      <C>                    <C>
Pierre Martin                          0                     $0                       0                      $0
Stephan Werner                         0                     $0                       0                      $0
Manuel Tenekedshijew                   0                     $0                       0                      $0



Other Pooled Investment Vehicles Managed:

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

Pierre Martin                       4              $1,056,313,574                   1                   $27,340,298
Stephan Werner                      1                $166,342,636                   0                            $0
Manuel Tenekedshijew                0                 $65,569,813                   0                            $0




<PAGE>

Other Accounts Managed:

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

Pierre Martin                       0                          $0                   0                       $0
Stephan Werner                      0                          $0                   0                       $0
Manuel Tenekedshijew                1                 $11,059,611                   0                       $0
</TABLE>


In addition to the accounts above, an investment professional may manage
accounts in a personal capacity that may include holdings that are similar to,
or the same as, those of the Fund. The Advisor has in place a Code of Ethics
that is designed to address conflicts of interest and that, among other things,
imposes restrictions on the ability of portfolio managers and other "access
persons" to invest in securities that may be recommended or traded in the Funds
and other client accounts.

Real, potential or apparent conflicts of interest may arise when a portfolio
manager has day-to-day portfolio management responsibilities with respect to
more than one fund or account, including the following:

         o        Certain investments may be appropriate for the Fund and also
                  for other clients advised by the Advisor, including other
                  client accounts managed by the Fund's portfolio management
                  team. Investment decisions for the Fund and other clients are
                  made with a view to achieving their respective investment
                  objectives and after consideration of such factors as their
                  current holdings, availability of cash for investment and the
                  size of their investments generally. A particular security may
                  be bought or sold for only one client or in different amounts
                  and at different times for more than one but less than all
                  clients. Likewise, because clients of the Advisor may have
                  differing investment strategies, a particular security may be
                  bought for one or more clients when one or more other clients
                  are selling the security. The investment results achieved for
                  the Fund may differ from the results achieved for other
                  clients of the Advisor. In addition, purchases or sales of the
                  same security may be made for two or more clients on the same
                  day. In such event, such transactions will be allocated among
                  the clients in a manner believed by the Advisor to be most
                  equitable to each client, generally utilizing a pro rata
                  allocation methodology. In some cases, the allocation
                  procedure could potentially have an adverse effect or positive
                  effect on the price or amount of the securities purchased or
                  sold by the Fund. Purchase and sale orders for the Fund may be
                  combined with those of other clients of the Advisor in the
                  interest of achieving the most favorable net results to the
                  Fund and the other clients.

         o        To the extent that a portfolio manager has responsibilities
                  for managing multiple client accounts, a portfolio manager
                  will need to divide time and attention among relevant
                  accounts. The Advisor attempts to minimize these conflicts by
                  aligning its portfolio management teams by investment strategy
                  and by employing similar investment models across multiple
                  client accounts.

         o        In some cases, an apparent conflict may arise where the
                  Advisor has an incentive, such as a performance-based fee, in
                  managing one account and not with respect to other accounts it
                  manages. The Advisor will not determine allocations based on
                  whether it receives a performance-based fee from the client.
                  Additionally, the Advisor has in place supervisory oversight
                  processes to periodically monitor performance deviations for
                  accounts with like strategies.

         o        The Advisor and its affiliates and the investment team of the
                  Funds may manage other mutual funds and separate accounts on a
                  long-short basis. The simultaneous management of long and
                  short portfolios creates potential conflicts of interest
                  including the risk that short sale activity could adversely
                  affect the market value of the long positions(and vice versa),
                  the risk arising from sequential orders in long and short
                  positions, and the risks associated with receiving opposing
                  orders at the same time. The Advisor

<PAGE>

                  has adopted procedures that it believes are reasonably
                  designed to mitigate these potential conflicts of interest.
                  Included in these procedures are specific guidelines developed
                  to ensure fair and equitable treatment for all clients whose
                  accounts are managed by each Fund's portfolio management team.
                  The Advisor and the portfolio management team have established
                  monitoring procedures, a protocol for supervisory reviews, as
                  well as compliance oversight to ensure that potential
                  conflicts of interest relating to this type of activity are
                  properly addressed.

The Advisor is owned by Deutsche Bank AG, a multi-national financial services
company. Therefore, the Advisor is affiliated with a variety of entities that
provide, and/or engage in commercial banking, insurance, brokerage, investment
banking, financial advisory, broker-dealer activities (including sales and
trading), hedge funds, real estate and private equity investing, in addition to
the provision of investment management services to institutional and individual
investors. Since Deutsche Bank AG, its affiliates, directors, officers and
employees (the "Firm") are engaged in businesses and have interests other than
managing asset management accounts, such other activities involve real,
potential or apparent conflicts of interest. These interests and activities
include potential advisory, transactional and financial activities and other
interests in securities and companies that may be directly or indirectly
purchased or sold by the Firm for its clients' advisory accounts. These are
considerations of which advisory clients should be aware and which may cause
conflicts that could be to the disadvantage of the Advisor's advisory clients.
The Advisor has instituted business and compliance policies, procedures and
disclosures that are designed to identify, monitor and mitigate conflicts of
interest and, as appropriate, to report them to the Fund's Board.








               Please Retain This Supplement for Future Reference



May 29, 2009