[LOGO] Scudder
Scudder Institutional Shares
Scudder Money Market Shares
Scudder Tax Free Money Market Series
Scudder Government Money Market Series
Supplement to Prospectus
dated May 1, 1998
Scudder Tax Free Money Market Series is
currently authorized to invest without limit in
second tier securities. The Fund does not,
however, currently intend to invest in such
securities.
Amendements have been adopted to the federal rules
regulating quality, maturity and deiversification
requirements of money market funds. Money market
funds must comply with the revised rule by July
1, 1998. Each Fund intends to be in compliance
with the amended requirements by that date.
May 1, 1998
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[LOGO] Scudder
Scudder Managed Shares
Scudder Money Market Shares
Scudder Tax Free Money Market Shares
Scudder Government Money Market Shares
Supplement to Prospectus
dated May 1, 1998
Scudder Tax Free Money Market Series is
currently authorized to invest without limit in
second tier securities. The Fund does not,
however, currently intend to invest in such
securities.
Amendements have been adopted to the federal rules
regulating quality, maturity and deiversification
requirements of money market funds. Money market
funds must comply with the revised rule by July
1, 1998. Each Fund intends to be in compliance
with the amended requirements by that date.
May 1, 1998
