[LOGO] SCUDDER
Scudder Money Market Series
Supplement to Managed Shares Prospectus
Dated October 1, 1999
The following replaces the first four paragraphs of the disclosure in the
"Policies about transactions" section on page 13 of the Prospectus:
The fund is open for business whenever the New York Stock Exchange is open. The
fund calculates its share price every business day at 5 p.m. Eastern time, but
sometimes earlier, as in the case of scheduled half-day trading or unscheduled
suspensions of trading. Orders received between 4 p.m. and 5 p.m. Eastern time
may be rejected based on certain guidelines described in the Statement of
Additional Information.
You can place an order to buy or sell shares at any time. Once your order is
received by Scudder Service Corporation, and they have determined that it is a
"good order," it will be processed at the next share price calculated.
Because orders placed through investment providers must be forwarded to Scudder
Service Corporation before they can be processed, you'll need to allow extra
time. A representative of your investment provider should be able to tell you
when your order will be processed.
Wire investments that arrive by 5 p.m. Eastern time will receive that day's
dividend. Investments you make by other methods will start to accrue dividends
the next business day after your purchase is processed. However, redemption by
wire is not available after 4 p.m. Eastern time, but redemptions by other
available means may be made until 5 p.m. Eastern time.
November 24, 1999
