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<PAGE> PAGE 2
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<PAGE> PAGE 4
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 14
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from the Scudder
Institutional Fund, Inc. Semiannual Report for the
period ended June 30, 1995 and is qualified in its
entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER>1
<NAME> Institutional Federal Portfolio
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from the Scudder
Institutional Fund, Inc. Semiannual Report for the
period ended June 30, 1995 and is qualified in its
entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER>2
<NAME> Institutional Government Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 56,234,393
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,036,349
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<NUMBER-OF-SHARES-SOLD> 235,556,875
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<NET-CHANGE-IN-ASSETS> (61,629,727)
<ACCUMULATED-NII-PRIOR> 0
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<OVERDISTRIB-NII-PRIOR> 0
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<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 151,805
<AVERAGE-NET-ASSETS> 69,114,634
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .027
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<PER-SHARE-DIVIDEND> .027
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from the Scudder
Institutional Fund, Inc. Semiannual Report for the
period ended June 30, 1995 and is qualified in its
entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER>4
<NAME> Institutional Cash Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-1-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 294,988,328
<INVESTMENTS-AT-VALUE> 294,988,328
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<OTHER-ITEMS-LIABILITIES> 1,727,232
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 294,522,914
<SHARES-COMMON-PRIOR> 271,004,008
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 294,522,914
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 10,502,993
<OTHER-INCOME> 0
<EXPENSES-NET> 453,185
<NET-INVESTMENT-INCOME> 10,049,808
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<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 10,049,808
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10,049,808
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 550,402,229
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<SHARES-REINVESTED> 3,613,215
<NET-CHANGE-IN-ASSETS> 23,518,411
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 258,480
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 453,185
<AVERAGE-NET-ASSETS> 347,495,470
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .029
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .029
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .26
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial
information extracted from the Scudder
Institutional Fund, Inc. Semiannual Report for the
period ended June 30, 1995 and is qualified in its
entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER>7
<NAME> Institutional Tax Free Portfolio
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-START> JAN-1-1995
<PERIOD-END> JUN-30-1995
<INVESTMENTS-AT-COST> 80,754,255
<INVESTMENTS-AT-VALUE> 80,754,255
<RECEIVABLES> 907,057
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 81,661,312
<PAYABLE-FOR-SECURITIES> 2,516,270
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,254,971
<TOTAL-LIABILITIES> 3,771,241
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 0
<SHARES-COMMON-STOCK> 77,890,071
<SHARES-COMMON-PRIOR> 167,857,396
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 77,890,071
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2,081,070
<OTHER-INCOME> 0
<EXPENSES-NET> 191,402
<NET-INVESTMENT-INCOME> 1,889,668
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 1,889,668
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 1,889,668
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 327,345,424
<NUMBER-OF-SHARES-REDEEMED> 417,939,637
<SHARES-REINVESTED> 626,888
<NET-CHANGE-IN-ASSETS> (89,967,325)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 78,037
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 191,402
<AVERAGE-NET-ASSETS> 104,82,725
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .018
<PER-SHARE-GAIN-APPREC> 0
<PER-SHARE-DIVIDEND> .018
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .37
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
