SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUSES:

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                   DWS Alternative Asset Allocation Plus Fund


The following information supplements "The Fund's Main Investment Strategy"
section of the prospectuses that lists the underlying funds in which DWS
Alternative Asset Allocation Plus Fund may invest.

o    DWS Floating Rate Plus Fund. The fund seeks to provide high current income.
     The fund invests, under normal market conditions, at least 80% of its total
     assets in adjustable rate loans that have a senior right to payment
     ("Senior Loans") and other floating rate debt securities. The fund may also
     borrow money in an amount up to 33(1)/3% of the fund's total assets for a
     range of purposes, including to create investment leverage. In an attempt
     to enhance return, the fund also employs the iGap strategy (discussed
     below).

The following information replaces and supplements similar information in the
"Investment risks of the underlying funds" sub-heading under "The Main Risks of
Investing in the Fund" section of the prospectuses.

Senior Loans Risk. Senior Loans may not be rated by a rating agency, registered
with the Securities and Exchange Commission or any state securities commission
or listed on any national securities exchange. The amount of public information
available with respect to Senior Loans may be less extensive than that available
for registered or exchange-listed securities. In evaluating the creditworthiness
of borrowers, the Advisor relies on its own evaluation of borrowers; but will
consider, and may rely in part on, analyses performed by others. As a result,
the fund is particularly dependent on the analytical abilities of the Advisor.
In addition, Senior Loans involve certain special risks, including:

o    Conflict of Interest Risk. Affiliates of the Advisor may participate in the
     primary and secondary market for Senior Loans. Because of limitations
     imposed by applicable law, the presence of the Advisor's affiliates in the
     Senior Loan market may restrict the fund's ability to acquire some Senior
     Loans, affect the timing of such acquisition or affect the

                                                          [DWS INVESTMENTS LOGO]
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     price at which a Senior Loan is acquired. The Advisor does not believe that
     this will materially affect the fund's ability to achieve its investment
     objectives. Also, because the Advisor may wish to invest in the publicly
     traded securities of a borrower, it may not have access to material
     non-public information regarding the borrower to which other lenders have
     access.

o    Credit Risk. A fund purchasing Senior Loans faces the risk that the
     creditworthiness of the borrower may decline, causing the value of the
     loans to decline. In addition, a borrower may not be able to make timely
     payments on the interest and principal on the debt obligations it has
     outstanding. Any such non-payment could result in a reduction of income to
     the fund, a reduction in the value of the Senior Loan and a reduction in
     the fund's net asset value. There can be no assurance that the liquidation
     of any collateral securing a Senior Loan would satisfy the borrower's
     obligation in the event of non-payment of scheduled interest or principal
     payments, or that such collateral could be readily liquidated. In the event
     of bankruptcy of a borrower, the fund could experience delays or
     limitations with respect to its ability to realize the benefits of the
     collateral securing a Senior Loan. The fund may principally invest in below
     investment grade floating rate loans which are considered speculative
     because of the credit risk of their issuers. Such issuers may be more
     likely to default on payments of interest and principal in response to
     changes in economic conditions or circumstances.

o    Interest Rate Risk. The value of debt securities will change in response to
     interest rate changes. As interest rates decline, a Senior Loan in which
     the fund invests may be prepaid sooner than scheduled, forcing the fund to
     reinvest in lower-yielding securities. The value of Senior Loans with
     adjustable interest rates will fluctuate less in response to interest rate
     changes than will fixed-rate debt securities. This could result in less
     volatility than would be expected for a fund that invests primarily in
     fixed-rate debt securities. However, because floating rates on Senior Loans
     only reset periodically, changes in prevailing interest rates may cause a
     fluctuation in the fund's value. In addition, extreme increases in
     prevailing interest rates may cause an increase in Senior Loan defaults
     which may cause a decline in the fund's value. Finally, a decrease in
     interest rates could adversely affect the income earned by the fund from
     its Senior Loans.


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 o Liquidity Risk. Liquidity risk is the risk that a security cannot be sold
   quickly at a price that reflects the fund's estimate of its value. No active
   trading market may exist for some Senior Loans and certain Senior Loans may
   be subject to restrictions on resale. The inability to dispose of Senior
   Loans in a timely fashion could result in losses to the fund.

 o Market Risk. Deteriorating market conditions might cause a general weakness
   in the market that reduces the overall level of securities prices in that
   market. In addition, an increase in demand for floating rate loans may
   adversely affect the rate of interest payable on Senior Loans acquired by the
   fund, thus reducing fund returns. During periods of limited supply of Senior
   Loans, the fund's yield may be lower.

 o Prepayment Risk. If a Senior Loan in which the fund invests is paid off
   sooner than scheduled, and interest rates are falling, the fund may be forced
   to reinvest the payments at lower yields.

Borrowing/Leverage Risk. Because the fund may borrow money for investment
purposes, commonly referred to as "leveraging," its exposure to fluctuations in
the prices of its assets will be increased as compared to its exposure if the
fund did not borrow. Borrowing activities by the fund will amplify any increase
or decrease in the net asset value of the fund. In addition, the interest which
the fund pays on borrowed money, together with the additional costs of
maintaining a borrowing facility, are additional costs borne by the fund and
could reduce or eliminate any net investment profits. Unless profits on assets
acquired with borrowed funds exceed the costs of borrowing, the use of borrowing
will diminish the investment performance of the fund compared with what it would
have been without borrowing. When the fund borrows money it must comply with
certain asset coverage requirements, which at times may require the fund to
dispose of some of its portfolio holdings even though it may be disadvantageous
to do so at that time.

Non-Diversification Risk. This risk information applies to DWS Commodity
Securities Fund, DWS Gold & Precious Metals Fund, DWS RREEF Global
Infrastructure Fund, DWS RREEF Global Real Estate Securities Fund and DWS
Floating Rate Plus Fund. The fund is classified as non-diversified under the
Investment Company Act of 1940, as amended. This means that the fund may invest
in securities of relatively few issuers. Thus, the performance of one or a small
number of portfolio holdings can affect overall performance more than if the
fund invested in a larger number of issuers.



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Pricing Risk. At times, market conditions may make it difficult to value some
investments, and the fund may use certain valuation methodologies for some of
its investments, such as fair value pricing. Given the subjective nature of such
valuation methodologies, it is possible that the value determined for an
investment may be different than the value realized upon such investment's sale.
If the fund has valued its securities too highly, you may pay too much for fund
shares when you buy into the fund. If the fund has underestimated the price of
its securities, you may not receive the full market value when you sell your
fund shares. A secondary market may be subject to irregular trading activity,
wide bid/ask spreads and extended trade settlement periods, which may cause an
inability to realize full value and thus cause a material decline in the fund's
net asset value.



               Please Retain This Supplement for Future Reference


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