SCUDDER [LOGO]
January 2, 1997
Dear Scudder Investor,
On the reverse side, you'll find a
prospectus supplement announcing that
Scudder, Stevens & Clark, Inc. has agreed to
continue to maintain the total fees and
expenses of Scudder Zero Coupon 2000 Fund at
not more than 1.00% of the Fund's average
daily net assets until December 31, 1997.
Please keep this supplement with your
prospectus.
If you have questions about this
information, or about the Fund in general,
please call us at 1-800-225-2470. We will be
happy to help you.
Sincerely,
/s/David S. Lee
David S. Lee
President, Scudder Investor Services, Inc.
This letter is for explanatory purposes and
is not part of the prospectus supplement on
the reverse side.
(over please)
<PAGE>
SCUDDER [LOGO]
Scudder Zero Coupon 2000
Fund
Supplement to Prospectus
Dated May 1, 1996
Until December 31, 1997, the Fund's
investment adviser, Scudder, Stevens & Clark,
Inc., has agreed to continue to maintain the
total annualized expenses of the Fund at not
more than 1.00% of average daily net assets
of the Fund.
January 2, 1997
