AARP Investment Program
from Scudder
September 30, 1996
Dear AARP Member,
I'm writing today to let you know that the Fund Manager has agreed to
continue to waive a portion of its management fee for AARP Global Growth Fund to
the extent necessary so that total annualized expenses of the Fund do not exceed
1.75% of average daily net assets until January 31, 1997. This information is
provided to you on the reverse side of this letter and is a supplement to the
1996 Prospectus you received earlier. Please keep it in your files with your
Prospectus.
If you have any questions about this information, please feel free to call
one of our knowledgeable Mutual Fund Representatives toll-free at
1-800-253-2277. They are available to help you Monday through Friday, from 8:00
a.m. to 8:00 p.m. eastern time.
Sincerely,
/s/Cuyler W. Findlay
Cuyler W. Findlay
Chairman
This note is not part of the Prospectus
Supplement which appears on the reverse.
(over please)
<PAGE>
AARP Investment Program
from Scudder
AARP Global Growth Fund
Supplement to Prospectus
dated February 1, 1996
As Revised July 1, 1996
Until January 31, 1997, the Fund Manager, Scudder, Stevens & Clark, Inc., has
agreed to waive a portion of its management fee for AARP Global Growth Fund to
the extent necessary so that the total annualized expenses of the Fund do not
exceed 1.75% of average daily net assets.
September 30, 1996
