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May 01, 2019

SUPPLEMENT TO THE CURRENTLY EFFECTIVE PROSPECTUS

DWS CROCI® U.S. VIP

Class B

The following changes are effective on or about December 1, 2019:

The following information replaces the existing disclosure contained under the "AVERAGE ANNUAL TOTAL RETURNS" sub-heading of the "PAST PERFORMANCE" section of the summary section of the fund's prospectus.

Average Annual Total Returns
(For periods ended 12/31/2018 expressed as a %)

Class Inception 1 Year 5 Years 10 Years
Class B before tax 7/1/2002 -10.71 1.33 7.70
Russell 1000® Value Index (reflects no deduction for fees, expenses or taxes) -8.27 5.95 11.18
S&P 500® Index (reflects no deduction for fees, expenses or taxes) -4.38 8.49 13.12

The Russell 1000® Value Index has replaced the S&P 500® Index as the fund's primary benchmark index. The Advisor believes that the new index better represents the fund's investment strategy and is therefore more suitable for performance comparison.