Scudder Zero Coupon 2000 Fund
Supplement to Prospectus
dated May 1, 1997
The following text replaces the section entitled "Shareholder benefits--A team
approach to investing."
Scudder Zero Coupon 2000 Fund is managed by a team of Scudder investment
professionals who each play an important role in the Fund's management process.
Team members work together to develop investment strategies and select
securities for the Fund's portfolio. They are supported by Scudder's large staff
of economists, research analysts, traders and other investment specialists who
work in Scudder's offices across the United States and abroad. Scudder believes
its team approach benefits Fund investors by bringing together many disciplines
and leveraging Scudder's extensive resources.
Lead Portfolio Manager Timothy G. Raney joined the team in 1997 and has
responsibility for overseeing the Fund's day-to-day operations and for
implementing the Fund's investment strategies. Mr. Raney, who has over eight
years of investment industry experience, joined Scudder in 1989 as a trader and
portfolio manager for Scudder's Reserve Asset Management Group. Stephen A.
Wohler, Portfolio Manager, joined the team in 1994 and is also responsible for
implementing the Fund's strategy. Mr. Wohler has over 17 years' experience
managing fixed-income investments at Scudder.
July 9, 1997
