SCUDDER FUND INC
497, 1998-06-30
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                               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 May 1, 1998 as
                               revised May 6, 1998

The following  information is to be added to the second paragraph of the section
entitled "Yield" on page 22:

         The  Fund's  yield  will  increase  to  the  extent  that  the  Adviser
voluntarily waives additional amounts of its management fee and will decrease to
the extent that the Adviser reduces the amount of the voluntary waiver.



June 24, 1998


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