AARP Mutual Funds
Supplement to Statement of Additional Information dated February 1, 1998
The following chart replaces the chart contained in the section entitled
REMUNERATION -- Compensation of Officers and Trustees:
<TABLE>
<CAPTION>
All Scudder Funds+
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AARP Cash AARP Income AARP Tax AARP
Investment Income Free Income Growth Paid by the Paid by
Name Fund+- Trust@- Trust# Trust##- Adviser (1) the Funds Paid by the Adviser(1)
- - - - - ---- ------ ------- ------ -------- ----------- --------- ----------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
Carole L. Anderson $2,828 $9,541 $4,746 $19,436 $8,700 $36,550 $8,700 (15 funds)
Adelaide Attard $2,828 $9,541 $4,746 $19,436 $8,700 $36,550 $8,700 (15 funds)
Robert N. Butler $2,245 $7,572 $3,756 $15,028 $5,250 $28,600 $5,250 (15 funds)
Edgar R. Fiedler $2,644 $8,907 $4,426 $18,173 $8,700 $276,975** $11,850 (34 funds)
Eugene P. Forrester $3,014 $10,176 $5,066 $20,696 $8,700 $38,950 $8,700 (15 funds)
George L. Maddox, Jr. $3,135 $10,109 $5,066 $20,640 $8,700 $38,950 $8,700 (15 funds)
Robert J. Myers $2,884 $9,876 $4,906 $20,086 $8,700 $37,750 $8,700 (15 funds)
James H. Schulz $2,828 $9,541 $4,746 $19,435 $5,250 $36,550 $5,250 (15 funds)
Gordon Shillinglaw $3,014 $10,175 $5,066 $20,696 $8,700 $143,371 $26,250 (28 funds)
Jean Gleason Stromberg $534 $1,836 $928 $4,183 $0 $7,479 $0 (13 funds)
(1) Meetings associated with the Adviser's alliance with Zurich Insurance Company. See "Investment Adviser" for additional
information.
+ AARP Cash Investment Fund consists of one Fund: AARP High Quality Money Fund.
@ AARP Income Trust consists of three Funds: AARP High Quality Short Term Bond Fund, AARP GNMA and U.S. Treasury Fund, and AARP
Bond Fund for Income.*
# AARP Tax Free Income Trust consists of two Funds: AARP High Quality Tax Free Money Fund and AARP Insured Tax Free General
Bond Fund.
## AARP Growth Trust consists of seven Funds: AARP Balanced Stock and Bond Fund, AARP U.S. Stock Index Fund,* AARP Growth
and Income Fund, AARP Global Growth Fund,* AARP Capital Growth Fund, AARP International Growth and Income Fund,* and AARP
Small Company Stock Fund.*
+ AARP Diversified Income With Growth Portfolio and AARP Diversified Growth Portfolio, series of AARP Managed Investment
Portfolios Trust, commenced operations on February 1, 1997.
* AARP Global Growth Fund commenced operations on February 1, 1996. AARP Bond Fund for Income, AARP U.S. Stock Index Fund,
AARP International Growth and Income Fund, and AARP Small Company Stock Fund commenced operations on February 1, 1997.
** This amount includes $202,580 paid by the liquidation of Scudder Institutional Fund, Inc., $21,189 incurred in deferred
compensation by Scudder Fund Inc., and $53,205 paid by the remaining Scudder Funds as compensation for serving on the Boards
of those Funds.
- - - - - - Amounts include pro rata share of Trustee's fees of AARP Managed Investment Portfolios Trust paid by each of the Trusts
pursuant to the Service Agreement. See discussion of the Service Agreement under "Management of the Funds" for further
information.
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October 22, 1998
