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

 

DWS Capital Growth VIP

*The following information supplements the “Management of the            Funds” section of the above Portfolio’s current Statement of Additional            Information*.

 

**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. This information is provided as of August            31, 2007 for Richard Shepley.

 

| **Name of Portfolio**  |  

**Name of****Portfolio Manager** | **Dollar Range of****Portfolio Shares****Owned** | **Dollar Range of All****DWS Fund Shares****Owned** |
|------------------------|------------------------------------------|--------------------------------------------------|-----------------------------------------------------|
|                   |                                     |                                             |                                                |
| DWS Capital Growth VIP | Richard Shepley                          | $0                                               | $100,001 - $500,000                                 |

 

**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 Portfolio, (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. 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 August 31, 2007 for Richard            Shepley.

**Other SEC Registered Investment Companies Managed:**

 

| **Name of Portfolio**  | **Name of Portfolio****Manager** | **Number of****Registered****Investment****Companies** | **Total Assets of****Registered****Investment****Companies** | **Number of****Investment****Company****Accounts with****Performance-****Based Fee** | **Total Assets of****Performance-****Based Fee****Accounts** |
|------------------------|----------------------------------|--------------------------------------------------------|--------------------------------------------------------------|--------------------------------------------------------------------------------------|--------------------------------------------------------------|
|                   |                             |                                                   |                                                         |                                                                                 |                                                         |
| DWS Capital Growth VIP | Richard Shepley                  | 0                                                      | $0                                                           | 0                                                                                    | $0                                                           |

 

 

----

**Other Pooled Investment Vehicles Managed:**

 

| **Name of Portfolio**                             | **Name of Portfolio****Manager** | **Number of****Pooled****Investment****Vehicles** | **Total Assets of****Pooled****Investment****Vehicles** | **Number of****Pooled****Investment****Vehicle****Accounts with****Performance-****Based Fee** | **Total Assets****of****Performance-****Based Fee****Accounts** |
|---------------------------------------------------|----------------------------------|---------------------------------------------------|---------------------------------------------------------|------------------------------------------------------------------------------------------------|-----------------------------------------------------------------|
|                                              |                             |                                              |                                                    |                                                                                           |                                                            |
| DWS                            Capital Growth VIP | Richard Shepley                  | 1                                                 | $6,601,010                                              | 0                                                                                              | $0                                                              |

 

**Other Accounts Managed:**

 

| **Name of Portfolio**  | **Name of Portfolio****Manager** | **Number of****Other****Accounts** | **Total Assets of****Other Accounts** | **Number of****Other****Accounts with****Performance-****Based Fee** | **Total Assets of****Performance-****Based Fee****Accounts** |
|------------------------|----------------------------------|------------------------------------|---------------------------------------|----------------------------------------------------------------------|--------------------------------------------------------------|
|                   |                             |                               |                                  |                                                                 |                                                         |
| DWS Capital Growth VIP | Richard Shepley                  | 9                                  | $593,732,398                          | 0                                                                    | $0                                                           |

 

 

*Please Retain This Supplement for Future Reference*

 

October            17, 2007