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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
GNMA Fund Semiannual Report for the period ended September 30, 1995 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 0
<NAME> SCUDDER GNMA FUND
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1996
<PERIOD-START> APR-01-1995
<PERIOD-END> SEP-30-1995
<INVESTMENTS-AT-COST> 423,988,412
<INVESTMENTS-AT-VALUE> 436,548,201
<RECEIVABLES> 2,901,940
<ASSETS-OTHER> 1,563
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 439,451,704
<PAYABLE-FOR-SECURITIES> 9,666,875
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,490,576
<TOTAL-LIABILITIES> 11,157,451
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 454,904,441
<SHARES-COMMON-STOCK> 29,311,477
<SHARES-COMMON-PRIOR> 30,493,920
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (39,169,977)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 12,559,789
<NET-ASSETS> 428,294,253
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 16,172,836
<OTHER-INCOME> 0
<EXPENSES-NET> 2,064,737
<NET-INVESTMENT-INCOME> 14,108,099
<REALIZED-GAINS-CURRENT> 3,461,900
<APPREC-INCREASE-CURRENT> 12,920,583
<NET-CHANGE-FROM-OPS> 30,490,582
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (14,108,099)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,844,689
<NUMBER-OF-SHARES-REDEEMED> (3,715,250)
<SHARES-REINVESTED> 688,118
<NET-CHANGE-IN-ASSETS> (672,596)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (42,631,877)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,342,492
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,064,737
<AVERAGE-NET-ASSETS> 429,835,315
<PER-SHARE-NAV-BEGIN> 14.07
<PER-SHARE-NII> 0.47
<PER-SHARE-GAIN-APPREC> 0.54
<PER-SHARE-DIVIDEND> (0.47)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 14.61
<EXPENSE-RATIO> 0.96
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
