Managed Government Securities Fund
Managed Federal Securities Fund
Managed Cash Fund
Managed Tax-Free Fund
Supplement to Prospectus
Dated May 1, 1994
The Company's investment manager, Scudder, Stevens & Clark, Inc. (the
"Manager"), has agreed to maintain the total annualized expenses of the
Managed Federal Securities Fund at not more than 0.75% of average daily net
assets of the Fund until June 30, 1995.
Until June 30, 1995, the Manager has agreed to continue to maintain the
total annualized expenses of the Managed Government Securities Fund and the
Managed Cash Fund at not more than 0.55% of average daily net assets of
each Fund.
January 20, 1995
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Managed Intermediate Government Fund
Supplement to Prospectus
Dated May 1, 1994
The Company's investment manager, Scudder, Stevens & Clark, Inc., has
agreed to maintain the total annualized expenses of the Managed
Intermediate Government Fund at not more than 0.80% of average daily net
assets of the Fund until June 30, 1995.
January 20, 1995
