AARP Investment Program
from SCUDDER
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
AARP Balanced Stock and Bond Fund:
The text below replaces the disclosure found in the "Portfolio Managers" section
on page 39:
Kathleen T. Millard, lead portfolio manager, joined the adviser in 1991 and
began her investment career in 1983.
Robert Cessine, portfolio manager, joined the adviser in 1993 and began his
investment career in 1982.
AARP Growth and Income Fund:
The text below replaces the disclosure found in the "Portfolio Managers" section
on page 43:
Kathleen T. Millard, lead portfolio manager, joined the adviser in 1991 and
began her investment career in 1983.
Benjamin W. Thorndike, portfolio manager, joined the adviser in 1983 and began
his investment career in 1980.
October 20, 1999
