| Davis Value Portfolio                                          |                                            |
|----------------------------------------------------------------|--------------------------------------------|
| A Portfolio of Davis Variable Account Fund, Inc.Ticker: QDVPAX | Over 45 Years of Reliable InvestingTM |
| 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                                                                                                  | 0.07%  |
| Total Annual Operating Expenses                                                                                 | 0.62%  |
| Fee Waiver or Expense Reimbursement(1)                                                                          | 0.00%  |
| Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement                                 | 0.62%  |

| (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 Value Portfolio | $63    | $199    | $346    | $774     |
| Highest/Lowest quarterly results during this time period were: |
|----------------------------------------------------------------|
| Highest                                                        | 19.94% for the quarter ended June 30, 2009 |
| Lowest                                                         | (25.25)% for the quarter ended December 31, 2008 |
|                  | Past 1 Year | Past 5 Years | Past 10 Years |
|-----------------------|-------------|--------------|---------------|
| Davis Value Portfolio | 6.06%       | 11.57%       | 5.95%         |
| 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 July 1999           | ChairmanDavis Selected Advisers, L.P.                |
| Danton Goei       | Since January 2014        | Vice PresidentDavis Selected Advisers-NY, Inc.       |