497 1 ss070308retail.txt 497 - SAI STICKER 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