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Scudder Institutional Shares
o Scudder Money Market Series
o Scudder Tax Free Money Market Series
o Scudder Government Money Market Series
Supplement to Prospectus
Dated July 7, 1997
Until June 30, 1998, the Funds' investment adviser, Scudder Kemper Investments,
Inc., has agreed to continue its management fee waiver of 0.05%, 0.10% and 0.15%
for the Scudder Money Market Series, Scudder Tax Free Money Market Series and
Scudder Government Money Market Series, respectively. This will maintain each
Fund's management fee at 0.20%, 0.15% and 0.10% of average daily net assets,
respectively.
February 1, 1998
