AARP Investment Program
from Scudder
SUPPLEMENT TO PROSPECTUS
DATED February 1, 1999
AARP High Quality Short Term Bond Fund:
The text below replaces the disclosure found in the "Portfolio Managers" section
on page 21:
Robert Cessine, co-lead portfolio manager, joined the adviser in 1993 and began
his investment career in 1982.
John Dugenske, co-lead portfolio manager, joined the adviser in 1998 and began
his investment career in 1990.
AARP Bond Fund for Income:
The text below replaces the disclosure found in the "Portfolio Managers" section
on page 33:
Robert Cessine, lead portfolio manager, joined the adviser in 1993 and began his
investment career in 1982.
August 26, 1999
