Scudder
U.S. Treasury
Money Fund
Fund Profile
July 1, 1996
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Scudder U.S. Treasury Money Fund
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1. What Are The Fund's Objectives?
Scudder U.S. Treasury Money Fund is a diversified money
market fund that seeks to provide safety, liquidity and
stability of capital, and when consistent with these,
current income. In pursuit of its objectives the Fund
seeks to maintain a $1.00 share price.
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2. What Does The Fund Invest In?
The Fund invests in short-term securities backed by the
full faith and credit of the U.S. Government, as well as
repurchase agreements fully backed by U.S. Treasury
securities.
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3. What Are The Risks Of Investing In The Fund?
The Fund seeks to eliminate principal risk. Nonetheless,
the Fund's share price is not insured or guaranteed by the
U.S. Government, and there can be no assurance that the
Fund will be able to maintain a stable net asset value of
$1.00 per share. The Fund's yield may vary from day to
day.
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4. For Whom Is This Fund Appropriate?
You may wish to consider this Fund if you are seeking
safety of principal as well as current income. Its
objectives make the Fund an appropriate investment for a
wide range of goals and for investors with short- or
long-term financial needs.
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5. What Are The Fund's Expenses And Fees?
There are two kinds of expenses that a shareholder may
incur, directly or indirectly, by investing in a mutual
fund. These types of expenses, as they relate to Scudder
U.S. Treasury Money Fund, are:
Shareholder transaction expenses --
fees charged directly to your account for various
transactions.
Sales Commission None
Commissions to Reinvest Dividends None
Redemption Fee None
Exchange Fee None
Annual Fund operating expenses (after expense
maintenance) --
fees paid by the Fund before it distributes its net
investment income, expressed as a percentage of the
Fund's average daily net assets. Figures below are
for the fiscal year ended June 30, 1995, during which
Scudder maintained the total annualized expenses of
the Fund at not more than 0.65% of average daily net
assets. Had Scudder not done so, expenses would have
amounted to 0.90%, including 0.50% for management
fees. Scudder will continue this expense maintenance
until October 31, 1996.
Investment management fee 0.25%
12b-1 fees None
Other expenses 0.40%
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Total Fund operating expenses 0.65%
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Example:
Assuming a 5% annual return and redemption at the end
of each period, the total expenses relating to a
$1,000 investment would be:
1 Year 3 Years 5 Years 10 Years
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$7 $21 $36 $81
This example assumes reinvestment of all dividends and
distributions and that the total Fund operating expenses
listed above remain the same each year. This example
should not be considered a representation of past or
future expenses or return. Actual Fund expenses and return
vary from year to year and may be higher or lower than
those shown. Please note that there is a $5 service fee if
you request redemption proceeds via wire.
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6. How Has The Fund Performed Historically?
This chart shows how the Fund has performed over the past
10 years, assuming reinvestment of all distributions. On
June 30, 1996, the Fund's seven-day yield was 4.45%. For
the Fund's current yield, call 1-800-343-2890. Performance
is historical and may not be indicative of future results.
Total returns for years
ended December 31:
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1986 5.77%
1987 5.29%
1988 6.30%
1989 8.72%
1990 7.34%
1991 5.66%
1992 3.36%
1993 2.56%
1994 3.52%
1995 5.22%
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7. Who Manages The Fund?
The Fund's investment adviser is Scudder, Stevens & Clark,
Inc., a leading provider of U.S. and international
investment management for clients throughout the world.
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8. How Can I Invest?
To make it easy for you to open an account, you may invest
by mail, phone, fax, or in person. The minimum initial
investment is only $1,000. Thereafter, additional
investments may be made for as little as $100. You may
also exchange shares free of charge within the Scudder
Family of Funds.
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9. How Can I Redeem Shares?
You may redeem shares at the current share price on any
business day by check, telephone, fax, or mail.
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10. When Are Distributions Made?
Dividends are declared daily and distributed monthly.
Capital gains distributions, if any, will be made in
November or December. You may elect to receive
distributions in cash or have them reinvested in
additional shares of the Fund.
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11. What Services Does Scudder Provide?
As a shareholder, you'll enjoy:
* professional service from representatives who can answer your
questions and execute your transactions
* automated toll-free touchtone access to account information, share
prices and yields, and to perform transactions
* Scudder's quarterly shareholder newsletter, Perspectives
* regular, informative reports about the performance of your Fund
Scudder wants you to make informed investment decisions. This Fund Profile
contains key information about Scudder U.S. Treasury Money Fund. More details
appear in the Fund's accompanying prospectus. Please read it carefully before
you invest. If you have any questions, please call 1-800-225-2470.
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