[logo: AARP Investment Program from SCUDDER]
AARP Diversified
Growth Portfolio
SUPPLEMENT TO PROSPECTUS
dated February 1, 1999
The following information replaces similar information found in the "Investment
Strategy" section on page 74 of the prospectus:
Under normal market conditions, the portfolio will generally allocate its assets
in underlying AARP Mutual Funds within the following ranges:
o stock funds
including Growth, Growth
and Income, and Global Funds 60-80%
o bond funds
including Income Funds 20-40%
o Money Funds/cash 0-20%
February 5, 1999 P-sup-029
