| Davis Financial Portfolio                                      |                                            |
|----------------------------------------------------------------|--------------------------------------------|
| A Portfolio of Davis Variable Account Fund, Inc.Ticker: QDFPAX | Over 45 Years of Reliable Investing™ |
| SUMMARY PROSPECTUS                                             | May 1, 2015                                |
| Annual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment) |   |
|-----------------------------------------------------------------------------------------------------------------|--------|
| Management Fees                                                                                                 | 0.55%  |
| Distribution and/or service (12b-1) Fees                                                                        | 0.00%  |
| Other Expenses                                                                                                  | 0.13%  |
| Total Annual Operating Expenses                                                                                 | 0.68%  |
| Fee Waiver or Expense Reimbursement(1)                                                                          | 0.00%  |
| Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement                                 | 0.68%  |

| (1) | The Adviser is contractually committed to waive fees and/or reimburse the Fund's expenses to the extent necessary to cap total annual Fund operating expenses at 1.00% until May 1, 2016; after that date, there is no assurance that the Adviser will continue to cap expenses. The expense cap cannot be terminated prior to May 1, 2016, without the consent of the board of directors. |
|-----|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

|                      | 1 Year | 3 Years | 5 Years | 10 Years |
|---------------------------|--------|---------|---------|----------|
| Davis Financial Portfolio | $69    | $218    | $379    | $847     |
| Highest/Lowest quarterly results during this time period were: |
|----------------------------------------------------------------|
| Highest                                                        | 25.67% for the quarter ended June 30, 2009 |
| Lowest                                                         | (28.13)% for the quarter ended December 31, 2008 |
|                      | Past 1 Year | Past 5 Years | Past 10 Years |
|---------------------------|-------------|--------------|---------------|
| Davis Financial Portfolio | 12.85%      | 12.47%       | 5.10%         |
| S&P 500 Index         | 13.69%      | 15.45%       | 7.67%         |
|              | Experience with this Fund                            | Primary Title with Investment Adviser or Sub-Adviser |
|-------------------|------------------------------------------------------|------------------------------------------------------|
| Christopher Davis | Since January 2014 and from July 1999 until May 2007 | ChairmanDavis Selected Advisers, L.P.                |