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Effective in September 2013, Lockwell Small Cap Value Separate Account, found in the Diversified Small Company Stock Option, has a new name – Deutsche Small Cap Value Separate Account. The staff, investment objectives and principals of managing this fund will not change. The only change is the name of the fund because the lead manager, Richard Glass, has switched companies. Glass joined Deutsche Asset & Wealth Management (DeAWM) this month as the U.S. Head of Small and Mid Cap Value Equities. He will become the lead portfolio manager for the Deutsche Small Cap Value Fund, Deutsche Mid Cap Value Fund, and Deutsche Small Mid Cap Value VIP along with the Directed Account Plan’s Deutsche Small Cap Value Separate Account.

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