[LOGO] SCUDDER
Scudder Money Market Series
Supplement to Institutional 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 or its agent, and they have determined
that it is a "good order," it will be processed at the next share price
calculated. Wire purchase orders that arrive, are accepted, and are funded
before 5 p.m. will be processed that day. Those that arrive and are accepted by
5 p.m., but are not funded by that time, will usually be processed the same day
as long as the wire funds arrive before the close of Federal Reserve Wire
System. Expedited Redemption Service orders that arrive before 12:00 noon will
be processed that day, and, if possible, those arriving after noon but before 4
p.m. will be processed that day as well. Expedited Redemption Service is not
available between 4 p.m. and 5 p.m. Eastern time, but redemptions by other
available means may be made until 5 p.m. Eastern time.
Because orders placed through third-party investment providers must be forwarded
to Scudder Service Corporation or its agent 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. When you sell shares
with Expedited Redemption Service and we process your order the same day we
receive it, you won't get that day's dividend. In other cases, you will receive
the dividend for the day on which your shares are sold.
November 24, 1999
