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Scudder Short Term Bond Fund
Supplement to the Statement of Additional Information
Dated May 1, 1995
The following text is added to the end of the section entitled "Investment
Restrictions" on page 21:
For purposes of Scudder Short Term Bond Fund's policy regarding its investments
in the securities of issuers having their principal business activities in the
same industry, collateralized mortgage obligations and asset-backed securities
are considered to be separate industries.
March 5, 1996
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