Supplement to currently effective Statement of Additional Information of each of
the listed funds:
Scudder Cash Investment Trust
Scudder U.S. Treasury Money Fund
Scudder Money Market Series
Scudder Prime Reserve Money Market Series
Scudder Premium Money Market Series
Scudder Institutional Shares
Scudder Managed Shares
Scudder Government Money Market Series
Scudder Institutional Shares
Scudder Managed Shares
The following information modifies the "Investment objectives and policies"
section of each fund's Statement of Additional Information.
For purposes of determining the percentage of the fund's total assets invested
in securities of issuers having their principal business activities in a
particular industry, asset backed securities will be classified separately,
based on the nature of the underlying assets, according to the following
categories: captive auto, diversified, retail and consumer loans, captive
equipment and business, business trade receivables, nuclear fuel, capital and
mortgage lending.
March 1, 1999
