AARP Investment Program
from SCUDDER
AARP Bond Fund for Income
AARP International Growth and
Income Fund
AARP Small Company Stock Fund
AARP U.S. Stock Index Fund
Supplement to Prospectus
dated February 1, 1998
Until January 31, 1999, the Fund Manager, Scudder Kemper Investments, Inc., has
agreed to continue to waive a portion of its management fee so that the total
annualized expenses for the following Funds do not exceed the indicated
percentage of average daily net assets:
Expense
Fund Limitation
- ---- ----------
AARP Bond Fund for Income 0.25%
AARP International Growth
and Income Fund 1.75%
AARP Small Company
Stock Fund 1.75%
AARP U.S. Stock Index Fund 0.50%
July 31, 1998
