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


DWS Balanced Fund                         DWS Small Cap Value Fund
DWS Blue Chip Fund                        DWS Target 2010 Fund
DWS Growth & Income Fund                  DWS Target 2011 Fund
DWS Disciplined Market Neutral Fund       DWS Target 2012 Fund
DWS Disciplined Long/Short Value Fund     DWS Target 2013 Fund
DWS Disciplined Long/Short Growth Fund    DWS Target 2014 Fund
DWS Lifecycle Long Range Fund

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

The following information supplements and replaces similar information for Jin
Chen contained in the "Management of the Fund" section of each Fund's Statement
of Additional Information.

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 June 2, 2008.

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

James B. Francis                   None                    None

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
June 2, 2008.

Other SEC Registered Investment Companies Managed:



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

                                                                               
James B. Francis              0                 $0                    0                    $0


July 3, 2008




Other Pooled Investment Vehicles Managed:

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

James B. Francis            0                    $0                     0                    $0

Other Accounts Managed:

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

James B. Francis            0                    $0                     0                    $0








               Please Retain This Supplement for Future Reference



July 3, 2008