Scudder Fund, Inc.
Scudder Money Market Series
Scudder Tax Free Money Market Series
Scudder Government Money Market Series
Supplement to the Statement of Additional Information dated July 7, 1997
The following information is to replace the first paragraph of the section
entitled "Exchanges" on page 9:
The following information regarding exchanges applies only to Premium
Shares and each Fund's class of Managed Shares. Except as indicated below the
exchange privileges listed do not apply to the Institutional shares.
The following information is to be added to the last paragraph of the section
entitled "Exchanges" on page 9:
Under certain circumstances, Scudder fund shares held pursuant to employee
benefit plans (or related investment vehicles that are available under such
plans) may arrange for exchange privileges with the Institutional Shares. Please
call 1-800-854-8525 for additional information regarding such arrangements.
September 23, 1997
