SCUDDER
Scudder Short Term Bond Fund
Scudder Income Fund
Scudder Corporate Bond Fund
Scudder High Yield Bond Fund
Supplement to Prospectus Dated May 1, 1999
The following information replaces the current disclosure for the Scudder Short
Term Bond Fund in "The portfolio managers" section of the Prospectus:
Robert S. Cessine
Co-Portfolio Manager
o Began investment career in 1982
o Joined the adviser in 1993
o Joined the fund team in 1998
John E. Dugenske
Co-Portfolio Manager
o Began investment career in 1990
o Joined the adviser in 1998
o Joined the fund team in 1999
The following information replaces the current disclosure concerning portfolio
management for Scudder Income Fund, Scudder Corporate Bond Fund and Scudder High
Yield Bond Fund:
Scudder Kemper takes a team approach to asset management. Scudder Kemper's team
is comprised of investment professionals, economists, research analysts, traders
and other investment specialists, located in offices across the United States
and around the world.
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Below are the people who handle the day-to-day management for the
above-referenced funds:
Scudder Income Fund
Robert S. Cessine
Portfolio Manager
o Began investment career in 1982
o Joined the adviser in 1993
o Joined the fund team in 1998
Scudder Corporate Bond Fund
Robert S. Cessine
Portfolio Manager
o Began investment career in 1982
o Joined the adviser in 1993
o Joined the fund team in 1998
Scudder High Yield Bond Fund
Kelly D. Babson
Portfolio Manager
o Began investment career in 1981
o Joined the adviser in 1994
o Joined the fund team in 1996
August 24, 1999
