<PAGE> PAGE 1
000 A000000 06/30/1999
000 C000000 354472
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
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 1
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 Y
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SCUDDER KEMPER INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
008 D04AA01 4103
010 A00AA01 SCUDDER FUND ACCOUNTING CORP.
010 B00AA01 None
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
010 C04AA01 4103
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
<PAGE> PAGE 2
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
011 C04AA01 4103
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
012 C04AA01 2291
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 GRUNTAL & CO., INC.
014 B00AA02 8-31022
014 A00AA03 GMS GROUP LLC (A GRUNTAL AFFILIATE)
014 B00AA03 8-23936
014 A00AA04 ZURICH CAPITAL MARKETS
014 B00AA04 8-49827
014 A00AA05 BANK HANDLOWY
014 B00AA05 8-24613
014 A00AA06 KEMPER DISTRIBUTORS, INC.
014 B00AA06 8-47765
015 A00AA01 STATE STREET BANK AND TRUST CO.
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
015 A00AA02 DRESDNER BANK A.G.
015 B00AA02 S
015 C01AA02 FRANKFURT
015 D01AA02 GERMANY
015 E04AA02 X
015 A00AA03 CITIBANK, N.A.
015 B00AA03 S
015 C01AA03 BUENOS AIRES
015 D01AA03 ARGENTINA
015 E04AA03 X
015 A00AA04 WESTPAC BANKING CORPORATION
015 B00AA04 S
015 C01AA04 SYDNEY
015 D01AA04 AUSTRALIA
015 E04AA04 X
015 A00AA05 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B00AA05 S
015 C01AA05 VIENNA
<PAGE> PAGE 3
015 D01AA05 AUSTRIA
015 E04AA05 X
015 A00AA06 GENERALE BANK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BANKBOSTON, N.A.
015 B00AA07 S
015 C01AA07 SAO PAULO
015 D01AA07 BRAZIL
015 E04AA07 X
015 A00AA08 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA08 S
015 C01AA08 TORONTO
015 D01AA08 CANADA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A.
015 B00AA09 S
015 C01AA09 SANTIAGO
015 D01AA09 CHILE
015 E04AA09 X
015 A00AA10 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLOMBIA
015 E04AA10 X
015 A00AA11 DEN DANSKE BANK
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK LIMITED
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BANQUE PARIBAS
015 B00AA13 S
015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 BANQUE PARIBUS
015 B00AA14 S
015 C01AA14 MILAN
015 D01AA14 ITALY
015 E04AA14 X
015 A00AA15 NATIONAL BANK OF GREECE, S.A.
015 B00AA15 S
015 C01AA15 ATHENS
015 D01AA15 GREECE
<PAGE> PAGE 4
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 DEUTSCHE BANK
015 B00AA17 S
015 C01AA17 BOMBAY
015 D01AA17 INDIA
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 JAKARTA
015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
015 B00AA19 S
015 C01AA19 DUBLIN
015 D01AA19 IRELAND
015 E04AA19 X
015 A00AA20 BANK HAPOALIM B.M.
015 B00AA20 S
015 C01AA20 TEL AVIV
015 D01AA20 ISRAEL
015 E04AA20 X
015 A00AA21 THE FUJI BANK, LIMITED
015 B00AA21 S
015 C01AA21 TOKYO
015 D01AA21 JAPAN
015 E04AA21 X
015 A00AA22 THE BANK OF BERMUDA LIMITED
015 B00AA22 S
015 C01AA22 HAMILTON
015 D01AA22 BERMUDA
015 E04AA22 X
015 A00AA23 CITIBANK, N.A.
015 B00AA23 S
015 C01AA23 SEOUL
015 D01AA23 KOREA
015 E04AA23 X
015 A00AA24 STANDARD CHARTERED BANK
015 B00AA24 S
015 C01AA24 KUALA LUMPUR
015 D01AA24 MALAYSIA
015 E04AA24 X
015 A00AA25 CITIBANK MEXICO S.A.
015 B00AA25 S
015 C01AA25 MEXICO CITY
015 D01AA25 MEXICO
015 E04AA25 X
<PAGE> PAGE 5
015 A00AA26 MEESPIERSON N.V.
015 B00AA26 S
015 C01AA26 AMSTERDAM
015 D01AA26 NETHERLANDS
015 E04AA26 X
015 A00AA27 ANZ BANKING GROUP LIMITED
015 B00AA27 S
015 C01AA27 WELLINGTON
015 D01AA27 NEW ZEALAND
015 E04AA27 X
015 A00AA28 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA28 S
015 C01AA28 OSLO
015 D01AA28 NORWAY
015 E04AA28 X
015 A00AA29 DEUTSCHE BANK AG
015 B00AA29 S
015 C01AA29 KARACHI
015 D01AA29 PAKISTAN
015 E04AA29 X
015 A00AA30 CITIBANK, N.A.
015 B00AA30 S
015 C01AA30 LIMA
015 D01AA30 PERU
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED BANK
015 B00AA31 S
015 C01AA31 MANILA
015 D01AA31 PHILIPPINES
015 E04AA31 X
015 A00AA32 CITIBANK POLAND, S.A.
015 B00AA32 S
015 C01AA32 WARSAW
015 D01AA32 POLAND
015 E04AA32 X
015 A00AA33 BANCO COMERCIAL PORTUGUES
015 B00AA33 S
015 C01AA33 LISBON
015 D01AA33 PORTUGAL
015 E04AA33 X
015 A00AA34 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B00AA34 S
015 C01AA34 SINGAPORE
015 D01AA34 SINGAPORE
015 E04AA34 X
015 A00AA35 BANCO SANTANDER, S.A.
015 B00AA35 S
015 C01AA35 MADRID
015 D01AA35 SPAIN
015 E04AA35 X
015 A00AA36 THE HONG KONG AND SHANGHAI BANKING CORP. LTD.
<PAGE> PAGE 6
015 B00AA36 S
015 C01AA36 COLOMBO
015 D01AA36 SRI LANKA
015 E04AA36 X
015 A00AA37 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA37 S
015 C01AA37 STOCKHOLM
015 D01AA37 SWEDEN
015 E04AA37 X
015 A00AA38 UNION BANK OF SWITZERLAND
015 B00AA38 S
015 C01AA38 ZURICH
015 D01AA38 SWITZERLAND
015 E04AA38 X
015 A00AA39 CENTRAL TRUST OF CHINA
015 B00AA39 S
015 C01AA39 TAIPEI
015 D01AA39 TAIWAN
015 E04AA39 X
015 A00AA40 STANDARD CHARTERED BANK
015 B00AA40 S
015 C01AA40 BANGKOK
015 D01AA40 THAILAND
015 E04AA40 X
015 A00AA41 DELETE
015 A00AA42 CITIBANK, N.A.
015 B00AA42 S
015 C01AA42 ISTANBUL
015 D01AA42 TURKEY
015 E04AA42 X
015 A00AA43 STATE STREET BANK AND TRUST COMPANY
015 B00AA43 S
015 C01AA43 LONDON
015 D01AA43 ENGLAND
015 E04AA43 X
015 A00AA44 CITIBANK, N.A.
015 B00AA44 S
015 C01AA44 MONTEVIDEO
015 D01AA44 URUGUAY
015 E04AA44 X
015 A00AA45 CITIBANK, N.A.
015 B00AA45 S
015 C01AA45 CARACAS
015 D01AA45 VENEZUELA
015 E04AA45 X
015 A00AA46 STANDARD CHARTERED BANK
015 B00AA46 S
015 C01AA46 DHAKA
015 D01AA46 BANGLADESH
015 E04AA46 X
015 A00AA47 BARCLAYS BANK OF BOTSWANA LIMITED
<PAGE> PAGE 7
015 B00AA47 S
015 C01AA47 GABORONE
015 D01AA47 BOTSWANA
015 E04AA47 X
015 A00AA48 THE HONG KONG & SHANGHAI BANKING CORP. LTD.
015 B00AA48 S
015 C01AA48 SHANGHAI
015 D01AA48 CHINA
015 E04AA48 X
015 A00AA49 BARCLAYS BANK PLC
015 B00AA49 S
015 C01AA49 NICOSIA
015 D01AA49 CYPRUS
015 E04AA49 X
015 A00AA50 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA50 S
015 C01AA50 PRAGUE
015 D01AA50 CZECH REPUBLIC
015 E04AA50 X
015 A00AA51 BARCLAYS BANK OF GHANA LIMITED
015 B00AA51 S
015 C01AA51 ACCRA
015 D01AA51 GHANA
015 E04AA51 X
015 A00AA52 CITIBANK BUDAPEST RT.
015 B00AA52 S
015 C01AA52 BUDAPEST
015 D01AA52 HUNGARY
015 E04AA52 X
015 A00AA53 BARCLAYS BANK OF KENYA LIMITED
015 B00AA53 S
015 C01AA53 NAIROBI
015 D01AA53 KENYA
015 E04AA53 X
015 A00AA54 STANDARD BANK OF SOUTH AFRICA
015 B00AA54 S
015 C01AA54 JOHANNESBURG
015 D01AA54 SOUTH AFRICA
015 E04AA54 X
015 A00AA55 BARCLAYS BANK OF SWAZILAND, LIMITED
015 B00AA55 S
015 C01AA55 MBABANE
015 D01AA55 SWAZILAND
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA56 S
015 C01AA56 LUSAKA
015 D01AA56 ZAMBIA
015 E04AA56 X
015 A00AA57 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA57 S
<PAGE> PAGE 8
015 C01AA57 HARARE
015 D01AA57 ZIMBABWE
015 E04AA57 X
015 A00AA58 CESKOSLOVENSKA OBCHODNA BANKA
015 B00AA58 S
015 C01AA58 BRATISLAVA
015 D01AA58 SLOVAK REPUBLIC
015 E04AA58 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 84
019 C00AA00 SCUDDERKEM
020 C000001 0
020 C000002 0
020 C000003 0
020 C000004 0
020 C000005 0
020 C000006 0
020 C000007 0
020 C000008 0
020 C000009 0
020 C000010 0
021 000000 0
022 A000001 STATE STREET BANK
022 B000001 04-1867445
022 C000001 6298939
022 D000001 0
022 A000002 GOLDMAN, SACHS & CO
022 B000002 13-5108880
022 C000002 618055
022 D000002 49795
022 A000003 LEHMAN BROTHERS SECURITIES
022 B000003 13-2518466
022 C000003 502687
022 D000003 49640
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 468080
022 D000004 57212
022 A000005 DONALDSON LUF & JEN FIXED INC.
022 B000005 13-2741729
022 C000005 501311
022 D000005 0
022 A000006 CHASE SECURITIES
022 B000006 13-2633612
022 C000006 360036
022 D000006 33196
022 A000007 THE FIRST BOSTON CORPORATION
022 B000007 13-5659485
022 C000007 262422
022 D000007 0
<PAGE> PAGE 9
022 A000008 MORGAN STANLEY & CO
022 B000008 13-2655998
022 C000008 161466
022 D000008 26039
022 A000009 FIRST CHICAGO CAPITAL MAARKETS
022 B000009 36-3595942
022 C000009 138086
022 D000009 0
022 A000010 FIRST CHICAGO CORPORATION
022 C000010 112321
022 D000010 0
023 C000000 10170627
023 D000000 350114
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
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
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
<PAGE> PAGE 10
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
028 A010100 90798
028 A020100 9
028 A030100 0
028 A040100 94102
028 B010100 119435
028 B020100 3410
028 B030100 0
028 B040100 129648
028 C010100 90765
028 C020100 6342
028 C030100 0
028 C040100 115518
028 D010100 116884
028 D020100 57
028 D030100 0
028 D040100 115817
028 E010100 85290
028 E020100 3139
028 E030100 0
028 E040100 105963
028 F010100 64212
028 F020100 6253
028 F030100 0
028 F040100 105621
028 G010100 567384
028 G020100 19210
028 G030100 0
028 G040100 666669
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 2.0
062 D000100 4.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
<PAGE> PAGE 11
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 20.0
062 N000100 11.0
062 O000100 0.0
062 P000100 32.0
062 Q000100 33.0
062 R000100 0.0
063 A000100 0
063 B000100 2.8
064 A000100 N
064 B000100 N
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
070 K020100 Y
070 L010100 Y
070 L020100 N
070 M010100 Y
070 M020100 N
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
<PAGE> PAGE 12
071 A000100 261351
071 B000100 332543
071 C000100 900012
071 D000100 29
072 A000100 6
072 B000100 30712
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 2624
072 G000100 0
072 H000100 0
072 I000100 1357
072 J000100 124
072 K000100 0
072 L000100 97
072 M000100 23
072 N000100 24
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 30
072 S000100 12
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 46
072 X000100 4337
072 Y000100 297
072 Z000100 26672
072AA000100 0
072BB000100 6176
072CC010100 0
072CC020100 14970
072DD010100 25058
072DD020100 0
072EE000100 0
073 A010100 0.2800
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 631
074 B000100 33357
074 C000100 0
074 D000100 857314
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 12892
<PAGE> PAGE 13
074 K000100 0
074 L000100 9946
074 M000100 22
074 N000100 914162
074 O000100 0
074 P000100 337
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 21491
074 S000100 0
074 T000100 892334
074 U010100 83764
074 U020100 0
074 V010100 10.65
074 V020100 0.00
074 W000100 0.0000
074 X000100 60
074 Y000100 0
075 A000100 0
075 B000100 957958
076 000100 0.00
028 A010400 35
028 A020400 0
028 A030400 0
028 A040400 619
028 B010400 353
028 B020400 0
028 B030400 0
028 B040400 292
028 C010400 156
028 C020400 0
028 C030400 0
028 C040400 385
028 D010400 17
028 D020400 272
028 D030400 0
028 D040400 283
028 E010400 0
028 E020400 0
028 E030400 0
028 E040400 0
028 F010400 0
028 F020400 0
028 F030400 0
028 F040400 0
028 G010400 561
028 G020400 272
028 G030400 0
028 G040400 1579
<PAGE> PAGE 14
028 H000400 0
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 1.8
064 A000400 N
064 B000400 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
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
<PAGE> PAGE 15
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 0
071 B000400 1009
071 C000400 18220
071 D000400 0
072 A000400 4
072 B000400 319
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 30
072 G000400 0
072 H000400 0
072 I000400 23
072 J000400 11
072 K000400 0
072 L000400 5
072 M000400 13
072 N000400 3
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 7
072 S000400 4
072 T000400 0
072 U000400 0
072 V000400 0
072 W000400 2
072 X000400 98
072 Y000400 48
072 Z000400 269
072AA000400 9
072BB000400 0
072CC010400 0
072CC020400 188
072DD010400 276
072DD020400 0
072EE000400 0
073 A010400 0.1800
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
<PAGE> PAGE 16
074 C000400 0
074 D000400 17918
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 0
074 K000400 0
074 L000400 0
074 M000400 0
074 N000400 17918
074 O000400 0
074 P000400 0
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 90
074 S000400 0
074 T000400 17828
074 U010400 1558
074 U020400 0
074 V010400 11.44
074 V020400 0.00
074 W000400 0.0000
074 X000400 2
074 Y000400 0
075 A000400 0
075 B000400 18204
076 000400 0.00
SIGNATURE JOHN MILLETTE
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 6/30/99 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-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 909,773,213
<INVESTMENTS-AT-VALUE> 890,670,989
<RECEIVABLES> 22,837,909
<ASSETS-OTHER> 22,170
<OTHER-ITEMS-ASSETS> 630,518
<TOTAL-ASSETS> 914,161,586
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 21,827,823
<TOTAL-LIABILITIES> 21,827,823
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,055,059,700
<SHARES-COMMON-STOCK> 83,763,556
<SHARES-COMMON-PRIOR> 91,279,720
<ACCUMULATED-NII-CURRENT> 3,265,219
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (146,888,932)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (19,102,224)
<NET-ASSETS> 892,333,763
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 30,712,056
<OTHER-INCOME> 0
<EXPENSES-NET> 4,039,980
<NET-INVESTMENT-INCOME> 26,672,076
<REALIZED-GAINS-CURRENT> (6,176,075)
<APPREC-INCREASE-CURRENT> (14,969,938)
<NET-CHANGE-FROM-OPS> 5,526,063
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (25,057,898)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 567,384,396
<NUMBER-OF-SHARES-REDEEMED> (666,668,820)
<SHARES-REINVESTED> 19,209,744
<NET-CHANGE-IN-ASSETS> (99,606,515)
<ACCUMULATED-NII-PRIOR> 1,651,041
<ACCUMULATED-GAINS-PRIOR> (140,712,857)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,624,388
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,336,629
<AVERAGE-NET-ASSETS> 957,957,823
<PER-SHARE-NAV-BEGIN> 10.87
<PER-SHARE-NII> 0.30
<PER-SHARE-GAIN-APPREC> (0.24)
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.65
<EXPENSE-RATIO> 0.85
</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 4/11/99 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-31-1999
<PERIOD-START> Jan-01-1999
<PERIOD-END> Apr-11-1999
<INVESTMENTS-AT-COST> 17,387,595
<INVESTMENTS-AT-VALUE> 17,917,947
<RECEIVABLES> 0
<ASSETS-OTHER> 287
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 17,918,234
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 90,262
<TOTAL-LIABILITIES> 90,262
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18,449,903
<SHARES-COMMON-STOCK> 1,558,285
<SHARES-COMMON-PRIOR> 1,622,443
<ACCUMULATED-NII-CURRENT> (1,618)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,150,665)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 530,352
<NET-ASSETS> 17,827,972
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 318,996
<OTHER-INCOME> 0
<EXPENSES-NET> 50,350
<NET-INVESTMENT-INCOME> 268,646
<REALIZED-GAINS-CURRENT> 8,794
<APPREC-INCREASE-CURRENT> (187,870)
<NET-CHANGE-FROM-OPS> 89,570
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (276,415)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 561,201
<NUMBER-OF-SHARES-REDEEMED> (1,578,999)
<SHARES-REINVESTED> 272,199
<NET-CHANGE-IN-ASSETS> (932,444)
<ACCUMULATED-NII-PRIOR> 6,151
<ACCUMULATED-GAINS-PRIOR> (1,159,459)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30,220
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 97,952
<AVERAGE-NET-ASSETS> 18,204,794
<PER-SHARE-NAV-BEGIN> 11.56
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> (0.11)
<PER-SHARE-DIVIDEND> (0.18)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.44
<EXPENSE-RATIO> 1.00
</TABLE>
