<PAGE> PAGE 1
000 B000000 12/31/1999
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 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.
011 B00AA01 8-298
011 C01AA01 BOSTON
<PAGE> PAGE 2
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
015 D01AA05 AUSTRIA
015 E04AA05 X
<PAGE> PAGE 3
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
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
<PAGE> PAGE 4
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
015 A00AA26 MEESPIERSON N.V.
015 B00AA26 S
<PAGE> PAGE 5
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.
015 B00AA36 S
015 C01AA36 COLOMBO
<PAGE> PAGE 6
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
015 B00AA47 S
015 C01AA47 GABORONE
<PAGE> PAGE 7
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
015 C01AA57 HARARE
015 D01AA57 ZIMBABWE
<PAGE> PAGE 8
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 11312569
022 D000001 0
022 A000002 DONALDSON LUFKIN & JEN
022 C000002 1036166
022 D000002 8488
022 A000003 GOLDMAN SACHS
022 C000003 467020
022 D000003 492858
022 A000004 MERRILL LYNCH
022 C000004 274389
022 D000004 345215
022 A000005 CREDIT SUISSE
022 C000005 167872
022 D000005 189739
022 A000006 CHASE SECURITIES
022 B000006 13-2633612
022 C000006 131750
022 D000006 91680
022 A000007 HSBC
022 C000007 101725
022 D000007 106809
022 A000008 WARBURG
022 C000008 71593
022 D000008 147006
022 A000009 CREDIT SUISSE
022 C000009 118117
022 D000009 84957
022 A000010 GREENWICH CAPITAL
<PAGE> PAGE 9
022 C000010 121301
022 D000010 71659
023 C000000 14662230
023 D000000 2201255
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
066 A00AA00 N
067 00AA00 N
068 A00AA00 N
068 B00AA00 N
069 00AA00 N
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
<PAGE> PAGE 10
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
028 A010100 60186
028 A020100 12
028 A030100 0
028 A040100 71622
028 B010100 33549
028 B020100 3148
028 B030100 0
028 B040100 53951
028 C010100 39768
028 C020100 6122
028 C030100 0
028 C040100 54947
028 D010100 45394
028 D020100 3105
028 D030100 0
028 D040100 78368
028 E010100 37739
028 E020100 1
028 E030100 0
028 E040100 48427
028 F010100 23600
028 F020100 6548
028 F030100 0
028 F040100 52939
028 G010100 240236
028 G020100 18935
028 G030100 0
028 G040100 360254
028 H000100 0
049 000100 N
050 000100 N
051 000100 N
052 000100 N
<PAGE> PAGE 11
053 A000100 N
062 A000100 Y
062 B000100 0.0
062 C000100 0.0
062 D000100 3.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 4.0
062 N000100 21.0
062 O000100 0.0
062 P000100 31.0
062 Q000100 40.0
062 R000100 0.0
063 A000100 0
063 B000100 1.9
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
<PAGE> PAGE 12
070 O010100 N
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
071 A000100 2156463
071 B000100 2337946
071 C000100 843579
071 D000100 256
072 A000100 12
072 B000100 57933
072 C000100 0
072 D000100 0
072 E000100 0
072 F000100 4991
072 G000100 0
072 H000100 0
072 I000100 2314
072 J000100 137
072 K000100 0
072 L000100 111
072 M000100 36
072 N000100 42
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 77
072 S000100 93
072 T000100 0
072 U000100 0
072 V000100 0
072 W000100 52
072 X000100 7853
072 Y000100 220
072 Z000100 50300
072AA000100 0
072BB000100 23781
072CC010100 0
072CC020100 13157
072DD010100 49964
072DD020100 0
072EE000100 0
073 A010100 0.5900
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 358
074 B000100 24422
<PAGE> PAGE 13
074 C000100 0
074 D000100 744415
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 9143
074 M000100 0
074 N000100 778338
074 O000100 0
074 P000100 670
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
074 R040100 3486
074 S000100 0
074 T000100 774182
074 U010100 74130
074 U020100 0
074 V010100 10.44
074 V020100 0.00
074 W000100 0.0000
074 X000100 0
074 Y000100 0
075 A000100 0
075 B000100 897763
076 000100 0.00
080 A000100 ICI MUTUAL INSURANCE COMPANY
080 C000100 100000
081 A000100 Y
081 B000100 220
082 A000100 Y
082 B000100 100
083 A000100 N
083 B000100 0
084 A000100 N
084 B000100 0
085 A000100 Y
085 B000100 N
028 A010400 35
028 A020400 0
028 A030400 0
028 A040400 619
028 B010400 353
028 B020400 0
028 B030400 0
028 B040400 292
<PAGE> PAGE 14
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
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
<PAGE> PAGE 15
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
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
<PAGE> PAGE 16
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
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
<PAGE> PAGE 17
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 Annual Report for the fiscal year ended 12/31/1999 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> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 786,125,855
<INVESTMENTS-AT-VALUE> 768,837,039
<RECEIVABLES> 9,126,557
<ASSETS-OTHER> 16,197
<OTHER-ITEMS-ASSETS> 358,178
<TOTAL-ASSETS> 778,337,971
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 4,156,460
<TOTAL-LIABILITIES> 4,156,460
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 953,978,047
<SHARES-COMMON-STOCK> 74,130,248
<SHARES-COMMON-PRIOR> 91,279,720
<ACCUMULATED-NII-CURRENT> 1,751,472
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (164,259,192)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (17,288,816)
<NET-ASSETS> 774,181,511
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 57,932,597
<OTHER-INCOME> 0
<EXPENSES-NET> 7,632,989
<NET-INVESTMENT-INCOME> 50,299,608
<REALIZED-GAINS-CURRENT> (23,781,107)
<APPREC-INCREASE-CURRENT> (13,156,530)
<NET-CHANGE-FROM-OPS> 13,361,971
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (49,964,406)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 808,242,208
<NUMBER-OF-SHARES-REDEEMED> (1,027,543,228)
<SHARES-REINVESTED> 38,144,688
<NET-CHANGE-IN-ASSETS> (217,758,767)
<ACCUMULATED-NII-PRIOR> 1,651,041
<ACCUMULATED-GAINS-PRIOR> (140,712,857)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4,991,294
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 7,853,347
<AVERAGE-NET-ASSETS> 897,763,326
<PER-SHARE-NAV-BEGIN> 10.87
<PER-SHARE-NII> 0.60
<PER-SHARE-GAIN-APPREC> (0.44)
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> 0.59
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 10.44
<EXPENSE-RATIO> 0.85
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Trustees of Scudder Funds Trust and the Shareholders of Scudder Short
Term Bond Fund:
In planning and performing our audit of the financial statements of Scudder
Short Term Bond Fund, a series of Scudder Funds Trust, (the "Fund"), for the
year ended December 31, 1999, we considered its internal control, including
control activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR, not to provide
assurance on internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of the Trustees,
management, and the Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than the specified parties.
/s/PricewaterhouseCoopers LLP
Boston, Massachusetts
February 11, 2000
