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SCUDDER [logo] Scudder Limited Term Tax Free Fund Supplement to Prospectus Dated May 1, 1997 Until February 28, 1999, the Fund's investment adviser, Scudder Kemper Investments, Inc., has agreed to continue to maintain the total annualized expenses of the Fund at not more than 0.75% of average daily net assets of the Fund. December 31, 1997
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