SCUDDER
INVESTMENTS(SM)
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Scudder New York Tax Free Fund
Scudder California Tax Free Fund
Scudder Massachusetts Tax Free Fund
Supplement to Prospectus Dated August 1, 2000
The following information replaces disclosure for the portfolios in "The
portfolio managers" section of the Prospectus: The following people handle the
day-to-day management of each fund in this prospectus.
Scudder New York Tax Free Fund Scudder California Tax Free Fund
Philip G. Condon Eleanor R. Brennan
Co-Lead Portfolio Manager Co-Lead Portfolio Manager
o Began investment career in 1978 o Began investment career in 1986
o Joined the adviser in 1983 o Joined the adviser in 1995
o Joined the fund team in 1989 o Joined the fund team in 1999
Ashton P. Goodfield Philip G. Condon
Co-Lead Portfolio Manager Co-Lead Portfolio Manager
o Began investment career in 1986 o Began investment career in 1978
o Joined the adviser in 1986 o Joined the adviser in 1983
o Joined the fund team in 1999 o Joined the fund team in 1989
Eleanor R. Brennan Matthew J. Caggiano
o Began investment career in 1986 o Began investment career in 1989
o Joined the adviser in 1995 o Joined the adviser in 1989
o Joined the fund team in 1999 o Joined the fund team in 1999
Scudder Massachusetts Tax Free Fund
Philip G. Condon
Lead Portfolio Manager
o Began investment career in 1978
o Joined the adviser in 1983
o Joined the fund team in 1989
Rebecca L. Wilson
o Began investment career in 1986
o Joined the adviser in 1986
o Joined the fund team in 1999
August 1, 2000
