<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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073 B000400 0.0000
073 C000400 0.0000
074 A000400 1
074 B000400 0
074 C000400 0
074 D000400 21487
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 20
074 M000400 0
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<PAGE> PAGE 19
074 O000400 0
074 P000400 0
074 Q000400 0
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074 R030400 0
074 R040400 33
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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 Semiannual Report for the fiscal year ended 6/30/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME>SCUDDER SHORT TERM BOND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1997
<INVESTMENTS-AT-COST> 1,273,915,813
<INVESTMENTS-AT-VALUE> 1,272,014,232
<RECEIVABLES> 11,653,561
<ASSETS-OTHER> 1,021,934
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1,284,689,727
<PAYABLE-FOR-SECURITIES> 294,332
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,917,130
<TOTAL-LIABILITIES> 7,211,462
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,405,978,679
<SHARES-COMMON-STOCK> 116,097,080
<SHARES-COMMON-PRIOR> 132,860,852
<ACCUMULATED-NII-CURRENT> 3,568,116
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (128,901,247)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (3,167,283)
<NET-ASSETS> 1,277,478,265
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 50,489,059
<OTHER-INCOME> 0
<EXPENSES-NET> 5,771,272
<NET-INVESTMENT-INCOME> 44,717,787
<REALIZED-GAINS-CURRENT> (6,081,235)
<APPREC-INCREASE-CURRENT> (3,746,101)
<NET-CHANGE-FROM-OPS> 34,890,451
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (41,149,671)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,709,291
<NUMBER-OF-SHARES-REDEEMED> (30,302,421)
<SHARES-REINVESTED> 2,829,358
<NET-CHANGE-IN-ASSETS> (190,692,620)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (122,820,012)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,528,351
<INTEREST-EXPENSE> 973
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,346,239,245
<PER-SHARE-NAV-BEGIN> 11.05
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> (0.07)
<PER-SHARE-DIVIDEND> (0.34)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.00
<EXPENSE-RATIO> 0.86
<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 Semiannual Report for the fiscal year ended 8/4/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>4
<NAME>SCUDDER ZERO COUPON 2000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1997
<PERIOD-START> JAN-01-1997
<PERIOD-END> JUN-30-1996
<INVESTMENTS-AT-COST> 21,156,698
<INVESTMENTS-AT-VALUE> 21,486,605
<RECEIVABLES> 19,610
<ASSETS-OTHER> 1,356
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 21,507,571
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 33,448
<TOTAL-LIABILITIES> 33,448
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,972,555
<SHARES-COMMON-STOCK> 1,850,267
<SHARES-COMMON-PRIOR> 2,161,755
<ACCUMULATED-NII-CURRENT> 589,810
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,418,149)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 329,907
<NET-ASSETS> 21,474,123
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 718,365
<OTHER-INCOME> 0
<EXPENSES-NET> 110,539
<NET-INVESTMENT-INCOME> 607,826
<REALIZED-GAINS-CURRENT> 74,110
<APPREC-INCREASE-CURRENT> (270,583)
<NET-CHANGE-FROM-OPS> 411,353
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (707,584)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 68,523
<NUMBER-OF-SHARES-REDEEMED> (441,447)
<SHARES-REINVESTED> 61,434
<NET-CHANGE-IN-ASSETS> (3,966,291)
<ACCUMULATED-NII-PRIOR> 689,568
<ACCUMULATED-GAINS-PRIOR> (1,492,259)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 66,833
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 22,293,779
<PER-SHARE-NAV-BEGIN> 11.77
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> (0.09)
<PER-SHARE-DIVIDEND> (0.38)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.61
<EXPENSE-RATIO> 1.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
