SCUDDER TAX FREE MONEY FUND
497, 1998-06-16
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SCUDDER                                                                [logo]

Scudder Tax Free Money Fund

Supplement to Prospectus
Dated March 1, 1998

Until  February  28,  1999,  the  Fund's  investment  adviser,   Scudder  Kemper
Investments,  Inc.,  has agreed to  continue to  maintain  the total  annualized
expenses  of the Fund at not more than 0.65% of average  daily net assets of the
Fund.



June 15, 1998



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