SCUDDER GLOBAL FUND INC
24F-2NT, 1995-12-27
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2


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<S>                                           <C>
1.   Name and address of issuer:
                                              Scudder Global Fund, Inc.
                                              -----------------------------------------------------------------------
                                              345 Park Avenue
                                              -----------------------------------------------------------------------
                                              New York, NY 10154
                                              -----------------------------------------------------------------------

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2.   Name of each series or class of funds for which this notice is filed:

                                              Scudder Short Term Global Income Fund
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                                              -----------------------------------------------------------------------

                                              -----------------------------------------------------------------------

                                              -----------------------------------------------------------------------

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3.   Investment Company Act File Number:
                                                                811-4670
                                                                -----------------------------------------------------

     Securities Act File Number:
                                                                33-5724
                                                                -----------------------------------------------------

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4.   Last day of fiscal year for which this notice is filed:
                                                                10/31/95
                                                                -----------------------------------------------------

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5.   Check box if this notice is being filed more than 180 days after the close of the issuer's fiscal year for
     purposes of reporting securities sold after the close of the fiscal year but before termination of the
     issuer's 24f-2 declaration:
                                                                                                               [   ]

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6.   Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see Instruction A.6):

                                                                -----------------------------------------------------

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7.   Number and amount of securities of the same class or series which had been registered under the Securities Act
     of 1933 other than pursuant to Rule 24f-2 in a prior fiscal year, but which remained unsold at the beginning
     of the fiscal year:

                                                       Number:  32,224,500
                                                                -----------------------------------------------------
                                                       Amount:
                                                                -----------------------------------------------------

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8.   Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:

                                                       Number:  41,186,200
                                                                -----------------------------------------------------
                                                       Amount:
                                                                -----------------------------------------------------

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9.   Number and aggregate sale price of securities sold during the fiscal year:

                                                       Number:  4,874,517
                                                                -----------------------------------------------------
                                         Aggregate Sale Price:  $51,277,133
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<PAGE>

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10.  Number and aggregate sale price of securities sold during the fiscal year in reliance upon registration
     pursuant to Rule 24f-2:
                                                       Number:  4,874,517
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                                         Aggregate Sale Price:  $51,227,133
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11.  Number and aggregate sale price of securities issued during the fiscal year in connection with dividend
     reinvestment plans, if applicable (see Instruction B.7):
                                                       Number:  2,204,979
                                                                -----------------------------------------------------
                                         Aggregate Sale Price:  $23,158,972
                                                                -----------------------------------------------------

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12.  Calculation of registration fee:

     (i)      Aggregate sale price of securities sold during the fiscal
              year in reliance on Rule 24f-2 (from Item 10):                       $51,227,133
                                                                                   ----------------------------------

     (ii)     Aggregate price of shares issued in connection with dividend
              reinvestment plans (from Item 11, if applicable):                    +$23,158,972
                                                                                   ----------------------------------

     (iii)    Aggregate price of shares redeemed or repurchased during the
              fiscal year (if applicable):                                         -$74,386,105
                                                                                   ----------------------------------

     (iv)     Aggregate price of shares redeemed or repurchased and
              previously applied as a reduction to filing fees pursuant to
              Rule 24e-2 (if applicable):                                          +0
                                                                                   ----------------------------------

     (v)      Net aggregate price of securities sold and issued during the
              fiscal year in reliance on Rule 24f-2 (line (i), plus line
              (ii), less line (iii), plus line (iv)) (if applicable):              0
                                                                                   ----------------------------------

     (vi)     Multiplier prescribed by Section 6(b) of the Securities Act
              of 1933 or other applicable law or regulation (see                   x
              Instruction C.6):                                                    1/2900
                                                                                   ----------------------------------

     (vii)    Fee due (line (i) or line (v) multiplied by line (vi)):              $0
                                                                                   ----------------------------------

Instruction:  Issuers should complete lines (ii), (iii), (iv), and (v) only if the form is being filed within 60
              days after the close of the issuer's fiscal year.  See Instruction C.3.

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13.  Check box if fees are being remitted to the Commission's lockbox depository as described in section 3a of the
     Commission's Rules of Informal and Other Procedures (17 CFR 202.3a).
                                                                                                               [   ]
     Date of mailing or wire transfer of filing fees to the Commission's lockbox depository:

                                                                -----------------------------------------------------

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                                                     SIGNATURES

     This report has been signed below by the following persons on behalf of the issuer and in the capacities and
     on the dates indicated.

     By (Signature and Title)*:               /s/Thomas F. McDonough
                                              -----------------------------------------------------------------------
                                              Thomas F. McDonough, Secretary

     Date:               December 26, 1995
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                    *Please print the name and title of the signing officer below the signature.
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                                       2

                                               December 22, 1995

Scudder Global Fund, Inc.
345 Park Avenue
New York, New York  10154

                  Re:      Short Term Global Income Fund

Gentlemen:

         Scudder Global Fund, Inc. ("Scudder") is a corporation  organized under
the laws of the State of Maryland on May 15, 1986, having its principal place of
business in New York, New York. Scudder has five authorized series of stock, the
Global Fund series,  the International  Bond Fund series,  the Short Term Global
Income Fund  series,  the Global Small  Company  Fund  series,  and the Emerging
Markets Income Fund series. The Short Term Global Income Fund series consists of
three hundred million  (300,000,000)  authorized shares of capital stock, with a
par value of One Cent ($0.01) per share.

         We understand that, pursuant to Rule 24f-2 under the Investment Company
Act of 1940,  Scudder  registered an indefinite  number of shares of its capital
stock, effective



<PAGE>

Scudder Global Fund, Inc.
December 22, 1995
Page 2


July 31, 1986. We further  understand  that,  pursuant to the provisions of Rule
24f-2,  you are about to file with the  Securities  and  Exchange  Commission  a
notice making definite the  registration of 4,874,517 shares of capital stock of
Scudder's  Short Term Global Income Fund series (the  "Shares") sold in reliance
upon Rule 24f-2 during the Global Small  Company Fund series'  fiscal year ended
October 31, 1995.

         We have examined originals or copies, certified or otherwise identified
to our  satisfaction,  of the  Charter,  By-Laws,  as  amended,  and  records of
corporate  proceedings of Scudder, and such affidavits and advices from officers
of Scudder or from public officials,  as we have deemed necessary or appropriate
for the purpose of this opinion.

         We are of the opinion  that all of the Shares were  legally and validly
issued,  and are fully paid and  non-assessable.  The opinion  expressed  in the
preceding sentence is based upon the assumptions that the consideration received
by  Scudder  for each such  Share was in cash and in an amount not less than the
net  asset  value per share of  Scudder's  Global  Small  Company  Fund  series,
determined in accordance with the Charter, Bylaws and policies of the Board of
Directors,  and at all times the net asset value per share of  Scudder's  Short 
Term Global Income Fund series was not less than One Cent ($0.01).

         We express no opinion as to compliance with the Securities Act of 1933,
the  Investment  Company  Act of 1940 or the  securities  laws of any state with
respect to the issuance of the Shares.

         We consent to your filing this opinion with the Securities and Exchange
Commission in connection  with the Rule 24f-2 Notice which you are about to file
pursuant to the Investment Company Act of 1940.

                                                 Sincerely,



                                              /s/Ober, Kaler, Grimes & Shriver
                                                 A Professional Corporation


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