SCUDDER
Scudder Pennsylvania
Tax Free Fund
Supplement to Prospectus
Dated August 1, 1999
The Board of Trustees of Scudder State Tax Free Trust has approved an agreement
and plan of reorganization that calls for Scudder Managed Municipal Bonds to
acquire the assets and liabilities of Scudder Pennsylvania Tax Free Fund (the
"Fund") on September 17, 1999 or as soon as possible thereafter. Shares of
Scudder Managed Municipal Bonds will then be distributed to shareholders of the
Fund, and the Fund will be abolished. A Special Meeting of shareholders to vote
on this plan and other matters is scheduled for September 2, 1999.
August 1, 1999
