<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 354472
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 SCUDDER FUNDS TRUST
001 B000000 811-3229
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 SCUDDER SHORT TERM BOND FUND
007 C030100 N
007 C010200 2
007 C010300 3
007 C010400 4
007 C020400 SCUDDER ZERO COUPON 2000 FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SCUDDER, STEVENS & CLARK, INC.
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10154
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
<PAGE> PAGE 2
012 C02AA01 MA
012 C03AA01 02110
013 A00AA01 COOPERS & LYBRAND L.L.P.
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 39
019 C00AA00 SCUDDERRRR
020 A000001 MERRILL LYNCH
020 C000001 204
020 A000002 GOLDMAN, SACHS & CO
020 C000002 57
020 A000003 J.P. MORGAN SECURITIES
020 C000003 30
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 291
022 A000001 ASSOCIATES CORP. OF NORTH AMERICA
022 C000001 1239805
022 D000001 0
022 A000002 HOUSEHOLD FINANCE SYSTEM
022 C000002 1123691
022 D000002 0
022 A000003 HOUSEHOLD FINANCIAL CO
022 C000003 271000
022 D000003 0
022 A000004 DONALDSON LUF & JEN FIXED INC
022 C000004 181188
022 D000004 12419
022 A000005 SMITH BARNEY SHEARSON
022 C000005 80842
022 D000005 91661
022 A000006 SALOMON BROTHERS
022 C000006 59229
022 D000006 106177
022 A000007 LEHMAN BROTHERS SECURITIES
022 C000007 49321
022 D000007 46010
022 A000008 STATE STREET BANK
022 C000008 66583
022 D000008 0
022 A000009 CITIBANK
<PAGE> PAGE 3
022 C000009 64033
022 D000009 0
022 A000010 MORGAN STANLEY & CO
022 C000010 36681
022 D000010 15103
023 C000000 3172373
023 D000000 271370
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
025 D00AA09 0
025 D00AA10 0
025 D00AA11 0
025 D00AA12 0
025 D00AA13 0
025 D00AA14 0
025 D00AA15 0
025 D00AA16 0
025 D00AA17 0
025 D00AA18 0
025 D00AA19 0
025 D00AA20 0
025 D00AA21 0
025 D00AA22 0
025 D00AA23 0
025 D00AA24 0
025 D00AA25 0
025 D00AA26 0
025 D00AA27 0
025 D00AA28 0
025 D00AA29 0
025 D00AA30 0
025 D00AA31 0
025 D00AA32 0
025 D00AA33 0
025 D00AA34 0
025 D00AA35 0
025 D00AA36 0
025 D00AA37 0
025 D00AA38 0
025 D00AA39 0
025 D00AA40 0
026 A000000 N
026 B000000 Y
026 C000000 Y
<PAGE> PAGE 4
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 Y
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
<PAGE> PAGE 5
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 1000
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
015 A000101 STATE STREET BANK & TRUST CO.
015 B000101 C
015 C010101 BOSTON
015 C020101 MA
015 C030101 02101
015 E010101 X
015 A000102 DRESDNER BANK A.G.
015 B000102 S
015 C010102 FRANKFURT
015 D010102 GERMANY
015 E040102 X
015 A000103 CITIBANK, N.A.
015 B000103 S
015 C010103 BUENOS AIRES
015 D010103 ARGENTINA
015 E040103 X
015 A000104 WESTPAC BANKING CORPORATION
015 B000104 S
015 C010104 SIDNEY
015 D010104 AUSTRALIA
015 E040104 X
<PAGE> PAGE 6
015 A000105 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B000105 S
015 C010105 VIENNA
015 D010105 AUSTRIA
015 E040105 X
015 A000106 GENERALE BANK
015 B000106 S
015 C010106 BRUSSELS
015 D010106 BELGIUM
015 E040106 X
015 A000107 FIRST NAT.BANK OF BOSTON BANCO DE BOSTON(ADM)
015 B000107 S
015 C010107 SAO PAULO
015 D010107 BRAZIL
015 E040107 X
015 A000108 CANADA TRUSTCO MORTGAGE COMPANY
015 B000108 S
015 C010108 TORONTO
015 D010108 CANADA
015 E040108 X
015 A000109 CITIBANK, N.A.
015 B000109 S
015 C010109 SANTIAGO
015 D010109 CHILE
015 E040109 X
015 A000110 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000110 S
015 C010110 BOGOTA
015 D010110 COLOMBIA
015 E040110 X
015 A000111 DEN DANSKE BANK
015 B000111 S
015 C010111 COPENHAGEN
015 D010111 DENMARK
015 E040111 X
015 A000112 MERITA BANK LIMITED
015 B000112 S
015 C010112 HELSINKI
015 D010112 FINLAND
015 E040112 X
015 A000113 BANQUE PARIBAS
015 B000113 S
015 C010113 PARIS
015 D010113 FRANCE
015 E040113 X
015 A000114 BHF BANK AKTIENGESELLSCHAFT
015 B000114 S
015 C010114 FRANKFURT
015 D010114 GERMANY
015 E040114 X
015 A000115 NATIONAL BANK OF GREECE, S.A.
<PAGE> PAGE 7
015 B000115 S
015 C010115 ATHENS
015 D010115 GREECE
015 E040115 X
015 A000116 STANDARD CHARTERED BANK
015 B000116 S
015 C010116 HONG KONG
015 D010116 HONG KONG
015 E040116 X
015 A000117 DEUTSCHE BANK
015 B000117 S
015 C010117 BOMBAY
015 D010117 INDIA
015 E040117 X
015 A000118 STANDARD CHARTERED BANK
015 B000118 S
015 C010118 JAKARTA
015 D010118 INDONESIA
015 E040118 X
015 A000119 BANK OF IRELAND
015 B000119 S
015 C010119 DUBLIN
015 D010119 IRELAND
015 E040119 X
015 A000120 BANK HAPOALIM B.M.
015 B000120 S
015 C010120 TEL AVIV
015 D010120 ISRAEL
015 E040120 X
015 A000121 MORGAN GUARANTY TRUST COMPANY
015 B000121 S
015 C010121 MILAN
015 D010121 ITALY
015 E040121 X
015 A000122 SUMITOMO TRUST & BANKING COMPANY LIMITED
015 B000122 S
015 C010122 TOKYO
015 D010122 JAPAN
015 E040122 X
015 A000123 CITIBANK, N.A.
015 B000123 S
015 C010123 SEOUL
015 D010123 KOREA
015 E040123 X
015 A000124 STANDARD CHARTERED BANK
015 B000124 S
015 C010124 KUALA LUMPUR
015 D010124 MALAYSIA
015 E040124 X
015 A000125 CITIBANK MEXICO S.A.
015 B000125 S
<PAGE> PAGE 8
015 C010125 MEXICO CITY
015 D010125 MEXICO
015 E040125 X
015 A000126 MEESPIERSON N.V.
015 B000126 S
015 C010126 AMSTERDAM
015 D010126 NETHERLANDS
015 E040126 X
015 A000127 ANZ BANKING GROUP LIMITED
015 B000127 S
015 C010127 WELLINGTON
015 D010127 NEW ZEALAND
015 E040127 X
015 A000128 CHRISTIANIA BANK OG KREDITKASSE
015 B000128 S
015 C010128 OSLO
015 D010128 NORWAY
015 E040128 X
015 A000129 DEUTSCHE BANK AG
015 B000129 S
015 C010129 KARACHI
015 D010129 PAKISTAN
015 E040129 X
015 A000130 CITIBANK, N.A.
015 B000130 S
015 C010130 LIMA
015 D010130 PERU
015 E040130 X
015 A000131 STANDARD CHARTERED BANK
015 B000131 S
015 C010131 MANILA
015 D010131 PHILIPPINES
015 E040131 X
015 A000132 CITIBANK POLAND, S.A.
015 B000132 S
015 C010132 WARSAW
015 D010132 POLAND
015 E040132 X
015 A000133 BANCO COMERCIAL PORTUGUES
015 B000133 S
015 C010133 LISBON
015 D010133 PORTUGAL
015 E040133 X
015 A000134 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B000134 S
015 C010134 SINGAPORE
015 D010134 SINGAPORE
015 E040134 X
015 A000135 BANCO SANTANDER, S.A.
015 B000135 S
015 C010135 MADRID
<PAGE> PAGE 9
015 D010135 SPAIN
015 E040135 X
015 A000136 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B000136 S
015 C010136 COLOMBO
015 D010136 SRI LANKA
015 E040136 X
015 A000137 SKANDINAVISKA ENSKILDA BANKEN
015 B000137 S
015 C010137 STOCKHOLM
015 D010137 SWEDEN
015 E040137 X
015 A000138 UNION BANK OF SWITZERLAND
015 B000138 S
015 C010138 ZURICH
015 D010138 SWITZERLAND
015 E040138 X
015 A000139 CENTRAL TRUST OF CHINA
015 B000139 S
015 C010139 TAIPEI
015 D010139 TAIWAN
015 E040139 X
015 A000140 STANDARD CHARTERED BANK
015 B000140 S
015 C010140 BANGKOK
015 D010140 THAILAND
015 E040140 X
015 A000141 STATE STREET LONDON LIMITED
015 B000141 S
015 C010141 LONDON
015 D010141 TRANSNATIONAL
015 E040141 X
015 A000142 CITIBANK, N.A.
015 B000142 S
015 C010142 ISTANBUL
015 D010142 TURKEY
015 E040142 X
015 A000143 STATE STREET BANK & TRUST COMPANY
015 B000143 S
015 C010143 LONDON
015 D010143 UNITED KINGDOM
015 E040143 X
015 A000144 CITIBANK, N.A.
015 B000144 S
015 C010144 MONTEVIDEO
015 D010144 URUGUAY
015 E040144 X
015 A000145 CITIBANK, N.A.
015 B000145 S
015 C010145 CARACAS
015 D010145 VENEZUELA
<PAGE> PAGE 10
015 E040145 X
015 A000146 STANDARD CHARTERED BANK
015 B000146 S
015 C010146 DHAKA
015 D010146 BANGLADESH
015 E040146 X
015 A000147 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000147 S
015 C010147 GABORONE
015 D010147 BOTSWANA
015 E040147 X
015 A000148 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B000148 S
015 C010148 SHANGHAI
015 D010148 CHINA
015 E040148 X
015 A000149 BARCLAYS BANK PLC
015 B000149 S
015 C010149 NICOSIA
015 D010149 CYPRUS
015 E040149 X
015 A000150 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000150 S
015 C010150 PRAGUE
015 D010150 CZECH REPUBLIC
015 E040150 X
015 A000151 BARCLAYS BANK OF GHANA LIMITED
015 B000151 S
015 C010151 ACCRA
015 D010151 GHANA
015 E040151 X
015 A000152 CITIBANK BUDAPEST RT.
015 B000152 S
015 C010152 BUDAPEST
015 D010152 HUNGARY
015 E040152 X
015 A000153 BARCLAYS BANK OF KENYA LIMITED
015 B000153 S
015 C010153 NAIROBI
015 D010153 KENYA
015 E040153 X
015 A000154 STANDARD BANK OF SOUTH AFRICA
015 B000154 S
015 C010154 JOHANNESBURG
015 D010154 SOUTH AFRICA
015 E040154 X
015 A000155 BARCLAYS BANK OF SWAZILAND, LIMITED
015 B000155 S
015 C010155 MBABANE
015 D010155 SWAZILAND
015 E040155 X
<PAGE> PAGE 11
015 A000156 BARCLAYS BANK OF ZAMBIA LIMITED
015 B000156 S
015 C010156 LUSAKA
015 D010156 ZAMBIA
015 E040156 X
015 A000157 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B000157 S
015 C010157 HARARE
015 D010157 ZIMBABWE
015 E040157 X
015 A000158 CESKOSLOVENSKA OBCHODNA BANKA
015 B000158 S
015 C010158 XXX
015 D010158 SLOVAK REPUBLIC
015 E040158 X
028 A010100 35005
028 A020100 7098
028 A030100 0
028 A040100 71979
028 B010100 35533
028 B020100 7163
028 B030100 0
028 B040100 57911
028 C010100 26443
028 C020100 7218
028 C030100 0
028 C040100 67305
028 D010100 24756
028 D020100 6896
028 D030100 0
028 D040100 76633
028 E010100 26131
028 E020100 7080
028 E030100 0
028 E040100 63708
028 F010100 17323
028 F020100 6836
028 F030100 0
028 F040100 53540
028 G010100 165191
028 G020100 42291
028 G030100 0
028 G040100 391076
028 H000100 0
045 000100 Y
046 000100 N
047 000100 Y
048 000100 0.000
048 A010100 500000
048 A020100 0.600
048 B010100 500000
<PAGE> PAGE 12
048 B020100 0.500
048 C010100 500000
048 C020100 0.450
048 D010100 500000
048 D020100 0.400
048 E010100 1000000
048 E020100 0.375
048 F010100 0
048 F020100 0.000
048 G010100 0
048 G020100 0.000
048 H010100 0
048 H020100 0.000
048 I010100 0
048 I020100 0.000
048 J010100 0
048 J020100 0.000
048 K010100 3000000
048 K020100 0.350
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 0.5
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 4.1
062 M000100 0.0
062 N000100 27.9
062 O000100 0.1
062 P000100 18.6
062 Q000100 48.8
062 R000100 0.0
063 A000100 0
063 B000100 2.0
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
<PAGE> PAGE 13
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 Y
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 Y
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 N
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 392012
071 B000100 623350
071 C000100 1656810
071 D000100 48
072 A000100 6
072 B000100 62183
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 4286
072 G000100 0
072 H000100 0
072 I000100 1831
072 J000100 219
072 K000100 0
072 L000100 212
072 M000100 11
072 N000100 30
072 O000100 0
072 P000100 0
<PAGE> PAGE 14
072 Q000100 0
072 R000100 34
072 S000100 12
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 40
072 X000100 6675
072 Y000100 0
072 Z000100 55508
072AA000100 0
072BB000100 10715
072CC010100 0
072CC020100 40045
072DD010100 55508
072DD020100 0
072EE000100 0
073 A010100 0.3600
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 1111
074 B000100 7943
074 C000100 64048
074 D000100 1510601
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 23
074 K000100 0
074 L000100 18047
074 M000100 0
074 N000100 1601773
074 O000100 5642
074 P000100 679
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 679
074 R040100 6306
074 S000100 0
074 T000100 1588467
074 U010100 144046
074 U020100 0
074 V010100 11.03
074 V020100 0.00
074 W000100 0.0000
074 X000100 79216
074 Y000100 0
<PAGE> PAGE 15
075 A000100 0
075 B000100 1705835
076 000100 0.00
015 A000401 STATE STREET BANK & TRUST CO.
015 B000401 C
015 C010401 BOSTON
015 C020401 MA
015 C030401 02101
015 E010401 X
028 A010400 537
028 A020400 0
028 A030400 0
028 A040400 1268
028 B010400 891
028 B020400 0
028 B030400 0
028 B040400 955
028 C010400 438
028 C020400 743
028 C030400 0
028 C040400 606
028 D010400 467
028 D020400 0
028 D030400 0
028 D040400 1311
028 E010400 401
028 E020400 0
028 E030400 0
028 E040400 792
028 F010400 386
028 F020400 0
028 F030400 0
028 F040400 300
028 G010400 3120
028 G020400 743
028 G030400 0
028 G040400 5232
028 H000400 0
045 000400 Y
046 000400 N
047 000400 Y
048 000400 0.600
048 A010400 0
048 A020400 0.000
048 B010400 0
048 B020400 0.000
048 C010400 0
048 C020400 0.000
048 D010400 0
048 D020400 0.000
048 E010400 0
<PAGE> PAGE 16
048 E020400 0.000
048 F010400 0
048 F020400 0.000
048 G010400 0
048 G020400 0.000
048 H010400 0
048 H020400 0.000
048 I010400 0
048 I020400 0.000
048 J010400 0
048 J020400 0.000
048 K010400 0
048 K020400 0.000
049 000400 N
050 000400 N
051 000400 N
052 000400 N
053 A000400 Y
053 B000400 Y
053 C000400 N
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 100.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 4.7
064 A000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 N
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
<PAGE> PAGE 17
070 F010400 N
070 F020400 N
070 G010400 N
070 G020400 N
070 H010400 N
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 16661
071 B000400 19140
071 C000400 27435
071 D000400 122
072 A000400 6
072 B000400 860
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 82
072 G000400 0
072 H000400 0
072 I000400 44
072 J000400 22
072 K000400 0
072 L000400 6
072 M000400 12
072 N000400 11
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 14
072 S000400 3
072 T000400 0
072 U000400 0
<PAGE> PAGE 18
072 V000400 0
072 W000400 3
072 X000400 197
072 Y000400 61
072 Z000400 724
072AA000400 0
072BB000400 385
072CC010400 0
072CC020400 1294
072DD010400 754
072DD020400 0
072EE000400 0
073 A010400 0.3300
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 0
074 D000400 26146
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 42
074 M000400 0
074 N000400 26188
074 O000400 0
074 P000400 4
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 39
074 S000400 0
074 T000400 26145
074 U010400 2246
074 U020400 0
074 V010400 11.64
074 V020400 0.00
074 W000400 0.0000
074 X000400 2464
074 Y000400 0
075 A000400 0
075 B000400 27257
076 000400 0.00
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Short Term Bond Fund Semiannual Report for the period ended June 30, 1996 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME>Scudder Short Term Bond Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> $1,601,008,632
<INVESTMENTS-AT-VALUE> $1,582,592,627
<RECEIVABLES> $18,069,235
<ASSETS-OTHER> $1,111,554
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> $1,601,773,416
<PAYABLE-FOR-SECURITIES> $5,642,329
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> $7,664,479
<TOTAL-LIABILITIES> $13,306,808
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> $1,716,123,257
<SHARES-COMMON-STOCK> 144,046,277
<SHARES-COMMON-PRIOR> 160,534,389
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> $(105,520,304)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> $(22,136,345)
<NET-ASSETS> $1,588,466,608
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> $62,182,552
<OTHER-INCOME> 0
<EXPENSES-NET> $6,674,682
<NET-INVESTMENT-INCOME> $55,507,870
<REALIZED-GAINS-CURRENT> $(10,715,220)
<APPREC-INCREASE-CURRENT> $(40,044,626)
<NET-CHANGE-FROM-OPS> $4,748,024
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> $(55,507,870)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,764,294
<NUMBER-OF-SHARES-REDEEMED> (35,049,340)
<SHARES-REINVESTED> 3,796,934
<NET-CHANGE-IN-ASSETS> $(234,354,442)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> $(94,805,084)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> $4,286,321
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> $6,674,682
<AVERAGE-NET-ASSETS> $1,705,834,610
<PER-SHARE-NAV-BEGIN> $11.35
<PER-SHARE-NII> $0.36
<PER-SHARE-GAIN-APPREC> $(0.32)
<PER-SHARE-DIVIDEND> $(0.36)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> $11.03
<EXPENSE-RATIO> 0.79
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Zero Coupon 2000 Fund Semiannual Report for the period ended June 30, 1996 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>4
<NAME>Scudder Zero Coupon 2000 Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> $25,753,353
<INVESTMENTS-AT-VALUE> $26,145,960
<RECEIVABLES> $42,586
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> $26,188,546
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> $43,335
<TOTAL-LIABILITIES> $43,335
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> $26,663,897
<SHARES-COMMON-STOCK> 2,246,071
<SHARES-COMMON-PRIOR> 2,359,785
<ACCUMULATED-NII-CURRENT> $704,155
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> $(1,615,448)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> $392,607
<NET-ASSETS> $26,145,211
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> $859,734
<OTHER-INCOME> 0
<EXPENSES-NET> $135,682
<NET-INVESTMENT-INCOME> $724,052
<REALIZED-GAINS-CURRENT> $(384,983)
<APPREC-INCREASE-CURRENT> $(1,293,913)
<NET-CHANGE-FROM-OPS> $(954,844)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> $(754,353)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 260,005
<NUMBER-OF-SHARES-REDEEMED> (437,234)
<SHARES-REINVESTED> 63,515
<NET-CHANGE-IN-ASSETS> $(3,078,126)
<ACCUMULATED-NII-PRIOR> $734,456
<ACCUMULATED-GAINS-PRIOR> $(1,230,465)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> $81,759
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> $196,303
<AVERAGE-NET-ASSETS> $27,257,064
<PER-SHARE-NAV-BEGIN> $12.38
<PER-SHARE-NII> $0.33
<PER-SHARE-GAIN-APPREC> $(0.74)
<PER-SHARE-DIVIDEND> $(0.33)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> $11.64
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
