<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Managed Municipal Bonds Annual Report for the fiscal year ended 5/31/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000203142
<NAME> SCUDDER MUNICIPAL TRUST
<SERIES>
<NUMBER> 001
<NAME> SCUDDER MANAGED MUNICIPAL BONDS
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-START> JUN-01-1999
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 668,155
<INVESTMENTS-AT-VALUE> 690,663
<RECEIVABLES> 12,508
<ASSETS-OTHER> 3,535
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 706,707
<PAYABLE-FOR-SECURITIES> 40,319
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,961
<TOTAL-LIABILITIES> 42,281
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 650,946
<SHARES-COMMON-STOCK> 78,825
<SHARES-COMMON-PRIOR> 82,137
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (9,028)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 22,508
<NET-ASSETS> 664,426
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 40,851
<OTHER-INCOME> 0
<EXPENSES-NET> 4,491
<NET-INVESTMENT-INCOME> 36,360
<REALIZED-GAINS-CURRENT> (3,055)
<APPREC-INCREASE-CURRENT> (36,829)
<NET-CHANGE-FROM-OPS> (3,524)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (36,360)
<DISTRIBUTIONS-OF-GAINS> (2,933)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 79,038
<NUMBER-OF-SHARES-REDEEMED> (179,055)
<SHARES-REINVESTED> 22,445
<NET-CHANGE-IN-ASSETS> (48,975)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (2,245)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,551
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,545
<AVERAGE-NET-ASSETS> 422,547
<PER-SHARE-NAV-BEGIN> 8.98
<PER-SHARE-NII> 0.46
<PER-SHARE-GAIN-APPREC> (0.51)
<PER-SHARE-DIVIDEND> (0.46)
<PER-SHARE-DISTRIBUTIONS> (0.04)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.43
<EXPENSE-RATIO> 0.65
</TABLE>
