SCUDDER INSTITUTIONAL FUND INC
497, 1995-01-30
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Institutional Government Portfolio

Institutional Federal Portfolio

Institutional Cash Portfolio

Institutional Tax-Free Portfolio

Supplement to Prospectus
Dated May 1, 1994

The Fund's investment manager, Scudder, Stevens & Clark, Inc., has
agreed to maintain the total annualized expenses of the Institutional
Federal Portfolio at not more than 0.70% of average daily net assets
of the Portfolio until June 30, 1995.

January 20, 1995





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