<PAGE> PAGE 1
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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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054 E00AA00 N
054 F00AA00 N
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<PAGE> PAGE 5
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
015 A000101 DELETE
015 A000102 CREDITANSTALT-BANKVEREIN
015 B000102 S
015 C010102 VIENNA
015 D010102 AUSTRIA
015 E040102 X
015 A000103 GENERALE BANK
015 B000103 S
015 C010103 BRUSSELS
015 D010103 BELGIUM
015 E040103 X
015 A000104 BANKBOSTON, N.A.
015 B000104 S
015 C010104 SAO PAULO
015 D010104 BRAZIL
015 E040104 X
015 A000105 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000105 S
015 C010105 TORONTO
015 D010105 CANADA
015 E040105 X
015 A000106 CITITRUST COLOMBIA, S.A. SOCIEDAD FIDUCIARIA
015 B000106 S
015 C010106 BOGOTA
015 D010106 COLOMBIA
015 E040106 X
015 A000107 DEN DANSKE BANK
015 B000107 S
015 C010107 COPENHAGEN
015 D010107 DENMARK
015 E040107 X
015 A000108 MERITA BANK
015 B000108 S
015 C010108 HELSINKI
015 D010108 FINLAND
015 E040108 X
015 A000109 BANQUE PARIBAS
015 B000109 S
015 C010109 PARIS
015 D010109 FRANCE
015 E040109 X
015 A000110 CITIBANK, N.A.
015 B000110 S
015 C010110 ATHENS
015 D010110 GREECE
015 E040110 X
<PAGE> PAGE 6
015 A000111 CITIBANK BUDAPEST, RT.
015 B000111 S
015 C010111 BUDAPEST
015 D010111 HUNGARY
015 E040111 X
015 A000112 CITIBANK, N.A.
015 B000112 S
015 C010112 JAKARTA
015 D010112 INDONESIA
015 E040112 X
015 A000113 ALLIED IRISH BANK PLC
015 B000113 S
015 C010113 DUBLIN
015 D010113 IRELAND
015 E040113 X
015 A000114 ARAB BANK PLC
015 B000114 S
015 C010114 AMMAN
015 D010114 JORDAN
015 E040114 X
015 A000115 CITIBANK, N.A.
015 B000115 S
015 C010115 SEOUL
015 D010115 KOREA
015 E040115 X
015 A000116 ABN-AMRO BANK N.V.
015 B000116 S
015 C010116 AMSTERDAM
015 D010116 NETHERLANDS
015 E040116 X
015 A000117 AUSTRALIA BANK LTD.
015 B000117 S
015 C010117 AUKLAND
015 D010117 NEW ZEALAND
015 E040117 X
015 A000118 DEN NORSKE BANK
015 B000118 S
015 C010118 OSLO
015 D010118 NORWAY
015 E040118 X
015 A000119 STANDARD CHARTERED BANK
015 B000119 S
015 C010119 KARACHI
015 D010119 PAKISTAN
015 E040119 X
015 A000120 CITIBANK, N.A.
015 B000120 S
015 C010120 LIMA
015 D010120 PERU
015 E040120 X
015 A000121 CITIBANK, N.A.
<PAGE> PAGE 7
015 B000121 S
015 C010121 MANILA
015 D010121 PHILIPPINES
015 E040121 X
015 A000122 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
015 B000122 S
015 C010122 LISBON
015 D010122 PORTUGAL
015 E040122 X
015 A000123 BANCO SANTANDER
015 B000123 S
015 C010123 MADRID
015 D010123 SPAIN
015 E040123 X
015 A000124 THE HONG KONG & SHANGHAI BANKING CORP.
015 B000124 S
015 C010124 COLUMBO
015 D010124 SRI LANKA
015 E040124 X
015 A000125 SKANDINAVISKA ENSKILDA BANKEN
015 B000125 S
015 C010125 STOCKHOLM
015 D010125 SWEDEN
015 E040125 X
015 A000126 SWISS BANK CORPORATION
015 B000126 S
015 C010126 ZURICH
015 D010126 SWITZERLAND
015 E040126 X
015 A000127 LLOYDS BANK PLC
015 B000127 S
015 C010127 LONDON
015 D010127 UNITED KINGDOM
015 E040127 X
015 A000128 CITIBANK, N.A.
015 B000128 S
015 C010128 CARACAS
015 D010128 VENEZUELA
015 E040128 X
015 A000129 BANKBOSTON, N.A.
015 B000129 S
015 C010129 BUENOS AIRES
015 D010129 ARGENTINA
015 E040129 X
015 A000130 NATIONAL AUSTRALIA BANK, LTD.
015 B000130 S
015 C010130 SYDNEY
015 D010130 AUSTRALIA
015 E040130 X
015 A000131 CITIBANK, N.A.
015 B000131 S
<PAGE> PAGE 8
015 C010131 SANTIAGO
015 D010131 CHILE
015 E040131 X
015 A000132 DRESDNER BANK
015 B000132 S
015 C010132 FRANKFURT
015 D010132 GERMANY
015 E040132 X
015 A000133 BANCA COMMERCIALE ITALIANA
015 B000133 S
015 C010133 MILAN
015 D010133 ITALY
015 E040133 X
015 A000134 THE BANK OF TOKYO - MITSUBISHI
015 B000134 S
015 C010134 TOKYO
015 D010134 JAPAN
015 E040134 X
015 A000135 HONG KONG BANK MALAYSIA BERHAD
015 B000135 S
015 C010135 KUALA LUMPUR
015 D010135 MALAYSIA
015 E040135 X
015 A000136 CITIBANK MEXICO, S.A.
015 B000136 S
015 C010136 MEXICO CITY
015 D010136 MEXICO
015 E040136 X
015 A000137 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000137 S
015 C010137 SINGAPORE
015 D010137 SINGAPORE
015 E040137 X
015 A000138 DELETE
015 A000139 CENTRAL TRUST OF CHINA
015 B000139 S
015 C010139 TAIPEI
015 D010139 TAIWAN
015 E040139 X
015 A000140 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000140 S
015 C010140 BANGKOK
015 D010140 THAILAND
015 E040140 X
015 A000141 CITIBANK, N.A.
015 B000141 S
015 C010141 ISTANBUL
015 D010141 TURKEY
015 E040141 X
015 A000142 DELETE
015 A000143 DELETE
<PAGE> PAGE 9
015 A000144 HONGKONG & SHANGHAI BANKING CORP. LTD
015 B000144 S
015 C010144 HONG KONG
015 D010144 HONG KONG
015 E040144 X
015 A000145 STANDARD CHARTERED BANK
015 B000145 S
015 C010145 DHAKA
015 D010145 BANGLADESH
015 E040145 X
015 A000146 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000146 S
015 C010146 XXX
015 D010146 BERMUDA
015 E040146 X
015 A000147 STANBIC BANK BOTSWANA LTD.
015 B000147 S
015 C010147 XXX
015 D010147 BOTSWANA
015 E040147 X
015 A000148 BARCLAYS BANK BOTSWANA LIMITED
015 B000148 S
015 C010148 XXX
015 D010148 BOTSWANA
015 E040148 X
015 A000149 STANDARD CHARTERED BANK
015 B000149 S
015 C010149 SHANGHAI
015 D010149 CHINA
015 E040149 X
015 A000150 STANDARD CHARTERED BANK
015 B000150 S
015 C010150 SHENZHEN
015 D010150 CHINA
015 E040150 X
015 A000151 CESKOSLOVENSKA OBCHONI BANKA, A.S.
015 B000151 S
015 C010151 PRAGUE
015 D010151 CZECH REPUBLIC
015 E040151 X
015 A000152 CITIBANK, N.A.
015 B000152 S
015 C010152 QUITO
015 D010152 EQUADOR
015 E040152 X
015 A000153 CITIBANK, N.A.
015 B000153 S
015 C010153 CAIRO
015 D010153 EGYPT
015 E040153 X
015 A000154 MERITA BANK
<PAGE> PAGE 10
015 B000154 S
015 C010154 XXX
015 D010154 FINLAND
015 E040154 X
015 A000155 BARCLAYS BANK OF GHANA LIMITED
015 B000155 S
015 C010155 XXX
015 D010155 GHANA
015 E040155 X
015 A000156 MERCHANT BANK (GHANA) LIMITED
015 B000156 S
015 C010156 XXX
015 D010156 GHANA
015 E040156 X
015 A000157 CITIBANK, N.A.
015 B000157 S
015 C010157 MUMBAI
015 D010157 INDIA
015 E040157 X
015 A000158 BARCLAYS BANK KENYA LIMITED
015 B000158 S
015 C010158 XXX
015 D010158 KENYA
015 E040158 X
015 A000159 STANBIC BANK KENYA LIMITED
015 B000159 S
015 C010159 XXX
015 D010159 KENYA
015 E040159 X
015 A000160 BANK HAPOALIM B.M.
015 B000160 S
015 C010160 XXX
015 D010160 ISRAEL
015 E040160 X
015 A000161 CITIBANK (POLAND) S.A.
015 B000161 S
015 C010161 XXX
015 D010161 POLAND
015 E040161 X
015 A000162 BANQUE MAROCAINE DU COMMERCE EXTERIEUR
015 B000162 S
015 C010162 XXX
015 D010162 MOROCCO
015 E040162 X
015 A000163 CESKOSLOVENSKA OBCHODNA BANKA, A.S.
015 B000163 S
015 C010163 BRATISLAVA
015 D010163 SLOVAKIA
015 E040163 X
015 A000164 FIRST NATIONAL BANK OF SOUTH AFRICA
015 B000164 S
<PAGE> PAGE 11
015 C010164 XXX
015 D010164 SOUTH AFRICA
015 E040164 X
015 A000165 STANBIC BANK SWAZILAND LIMITED
015 B000165 S
015 C010165 XXX
015 D010165 SWAZILAND
015 E040165 X
015 A000166 BROWN BROTHERS HARRIMAN & CO.
015 B000166 C
015 C010166 BOSTON
015 C020166 MA
015 C030166 02109
015 E020166 X
015 A000167 BANK BOSTON, N.A.
015 B000167 S
015 C010167 MONTEVIDEO
015 D010167 URUGUAY
015 E040167 X
015 A000168 STANBIC BANK ZAMBIA LTD.
015 B000168 S
015 C010168 XXX
015 D010168 ZAMBIA
015 E040168 X
015 A000169 STANBIC BANK ZIMBABWE LTD.
015 B000169 S
015 C010169 XXX
015 D010169 ZIMBABWE
015 E040169 X
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028 E020100 0
028 E030100 0
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028 F010100 43548
028 F020100 0
<PAGE> PAGE 12
028 F030100 0
028 F040100 52558
028 G010100 266646
028 G020100 0
028 G030100 0
028 G040100 290437
028 H000100 0
058 A000100 N
059 000100 Y
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060 B000100 Y
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062 R000100 0.0
070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 N
070 C010100 Y
070 C020100 N
070 D010100 Y
070 D020100 N
070 E010100 Y
070 E020100 N
070 F010100 Y
070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 N
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
<PAGE> PAGE 13
070 K020100 Y
070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 N
070 O010100 N
070 O020100 N
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072 Z000100 19607
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<PAGE> PAGE 14
072EE000100 214026
073 A010100 0.8800
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015 A000201 BROWN BROTHERS HARRIMAN & CO.
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015 C010201 BOSTON
015 C020201 MA
015 C030201 02109
015 E020201 X
015 A000202 BANKBOSTON, N.A.
015 B000202 S
015 C010202 BUENOS AIRES
015 D010202 ARGENTINA
015 E040202 X
015 A000203 NATIONAL AUSTRALIA BANK LIMITED
015 B000203 S
<PAGE> PAGE 15
015 C010203 MELBOURNE
015 D010203 AUSTRALIA
015 E040203 X
015 A000204 CREDITANSTALT BANKVEREIN
015 B000204 S
015 C010204 VIENNA
015 D010204 AUSTRIA
015 E040204 X
015 A000205 BANQUE BRUSSELLES LAMBERT
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015 C010205 BRUSSELS
015 D010205 BELGIUM
015 E040205 X
015 A000206 BANKBOSTON, N.A.
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015 C010206 SAO PAULO
015 D010206 BRAZIL
015 E040206 X
015 A000207 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000207 S
015 C010207 TORONTO
015 D010207 CANADA
015 E040207 X
015 A000208 CITIBANK, N.A.
015 B000208 S
015 C010208 SANTIAGO
015 D010208 CHILE
015 E040208 X
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015 A000210 DEN DANSKE BANK
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015 A000211 MERITA BANK
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015 C010211 HELSINKI
015 D010211 FINLAND
015 E040211 X
015 A000212 BANQUE PARIBUS
015 B000212 S
015 C010212 PARIS
015 D010212 FRANCE
015 E040212 X
015 A000213 DRESDNER BANK
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015 C010213 FRANKFURT
<PAGE> PAGE 16
015 D010213 GERMANY
015 E040213 X
015 A000214 CITIBANK, N.A.
015 B000214 S
015 C010214 ATHENS
015 D010214 GREECE
015 E040214 X
015 A000215 HONGKONG SHANGHAI BANKING CORP.
015 B000215 S
015 C010215 HONG KONG
015 D010215 HONG KONG
015 E040215 X
015 A000216 CITIBANK, N.A.
015 B000216 S
015 C010216 BUDAPEST
015 D010216 HUNGARY
015 E040216 X
015 A000217 CITIBANK, N.A.
015 B000217 S
015 C010217 MUMBAI
015 D010217 INDIA
015 E040217 X
015 A000218 CITIBANK, N.A.
015 B000218 S
015 C010218 JAKARTA
015 D010218 INDONESIA
015 E040218 X
015 A000219 ALLIED IRISH BANKS PLC
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015 C010219 DUBLIN
015 D010219 IRELAND
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015 A000220 BANK HAPOALIM B.M.
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015 C010220 TEL-AVIV
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015 C010221 MILAN
015 D010221 ITALY
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015 A000222 THE BANK OF TOKYO - MITSUBISHI, LTD.
015 B000222 S
015 C010222 TOKYO
015 D010222 JAPAN
015 E040222 X
015 A000223 CITIBANK, N.A.
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<PAGE> PAGE 17
015 E040223 X
015 A000224 THE HONG KONG BANK MALAYSIA BERHAD
015 B000224 S
015 C010224 KUALA LUMPUR
015 D010224 MALAYSIA
015 E040224 X
015 A000225 CITIBANK, S.A.
015 B000225 S
015 C010225 MEXICO CITY
015 D010225 MEXICO
015 E040225 X
015 A000226 ABN - AMRO HOLDING N.V.
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015 D010226 NETHERLANDS
015 E040226 X
015 A000227 NATIONAL AUSTRALIA BANK LIMITED
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015 D010227 NEW ZEALAND
015 E040227 X
015 A000228 DEN NORSKE BANK
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015 C010228 OSLO
015 D010228 NORWAY
015 E040228 X
015 A000229 STANDARD CHARTERED BANK
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015 C010229 KARACHI
015 D010229 PAKISTAN
015 E040229 X
015 A000230 CITIBANK, N.A.
015 B000230 S
015 C010230 LIMA
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015 E040230 X
015 A000231 CITIBANK, N.A.
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015 E040231 X
015 A000232 CITIBANK (POLAND), S.A.
015 B000232 S
015 C010232 WARSAW
015 D010232 POLAND
015 E040232 X
015 A000233 BANCO ESPIRITO SANTO E COMERCIAL DE LISBOA
015 B000233 S
015 C010233 LISBON
015 D010233 PORTUGAL
015 E040233 X
<PAGE> PAGE 18
015 A000234 HONGKONG & SHANGHAI BANKING CORP. LTD.
015 B000234 S
015 C010234 SINGAPORE
015 D010234 SINGAPORE
015 E040234 X
015 A000235 FIRST NATIONAL BANK OF SOUTH AFRICA
015 B000235 S
015 C010235 JOHANNESBURG
015 D010235 SOUTH AFRICA
015 E040235 X
015 A000236 BANCO SANTANDER S.A.
015 B000236 S
015 C010236 MADRID
015 D010236 SPAIN
015 E040236 X
015 A000237 HONG KONG & SHANGHAI BANKING CORP.
015 B000237 S
015 C010237 COLOMBO
015 D010237 SRI LANKA
015 E040237 X
015 A000238 SKANDINAVISKA ENSKILDA BANKEN
015 B000238 S
015 C010238 STOCKHOLM
015 D010238 SWEDEN
015 E040238 X
015 A000239 SWISS BANK CORPORATION
015 B000239 S
015 C010239 ZURICH
015 D010239 SWITZERLAND
015 E040239 X
015 A000240 CENTRAL TRUST OF CHINA
015 B000240 S
015 C010240 TAIPEI
015 D010240 TAIWAN
015 E040240 X
015 A000241 THE HONG KONG & SHANGHAI BANKING CORP.
015 B000241 S
015 C010241 BANGKOK
015 D010241 THAILAND
015 E040241 X
015 A000242 CITIBANK, N.A.
015 B000242 S
015 C010242 ISTANBUL
015 D010242 TURKEY
015 E040242 X
015 A000243 LLOYDS BANK PLC
015 B000243 S
015 C010243 LONDON
015 D010243 UNITED KINGDOM
015 E040243 X
015 A000244 BANKBOSTON, N.A.
<PAGE> PAGE 19
015 B000244 S
015 C010244 MONTEVIDEO
015 D010244 URUGUAY
015 E040244 X
015 A000245 CITIBANK, N.A.
015 B000245 S
015 C010245 CARACAS
015 D010245 VENEZUELA
015 E040245 X
015 A000246 STANDARD CHARTERED BANK
015 B000246 S
015 C010246 DHAKA
015 D010246 BANGLADESH
015 E040246 X
015 A000247 THE BANK OF N.T. BUTTERFIELD & SON LTD.
015 B000247 S
015 C010247 XXX
015 D010247 BERMUDA
015 E040247 X
015 A000248 BARCLAYS OF BOTSWANA LIMITED
015 B000248 S
015 C010248 XXX
015 D010248 BOTSWANA
015 E040248 X
015 A000249 STANBIC BANK BOTSWANA LIMITED
015 B000249 S
015 C010249 XXX
015 D010249 BOTSWANA
015 E040249 X
015 A000250 STANDARD CHARTERED BANK
015 B000250 S
015 C010250 SHANGHAI
015 D010250 CHINA
015 E040250 X
015 A000251 STANDARD CHARTERED BANK
015 B000251 S
015 C010251 SHENZHEN
015 D010251 CHINA
015 E040251 X
015 A000252 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000252 S
015 C010252 PRAGUE
015 D010252 CZECH REPUBLIC
015 E040252 X
015 A000253 CITIBANK, N.A.
015 B000253 S
015 C010253 QUITO
015 D010253 EQUADOR
015 E040253 X
015 A000254 BARCLAYS BANK OF GHANA LIMITED
015 B000254 S
<PAGE> PAGE 20
015 C010254 XXX
015 D010254 GHANA
015 E040254 X
015 A000255 MERCHANT BANK (GHANA) LIMITED
015 B000255 S
015 C010255 XXX
015 D010255 GHANA
015 E040255 X
015 A000256 ARAB BANK PLC
015 B000256 S
015 C010256 XXX
015 D010256 JORDAN
015 E040256 X
015 A000257 STANBIC BANK KENYA LIMITED
015 B000257 S
015 C010257 XXX
015 D010257 KENYA
015 E040257 X
015 A000258 BARCLAYS BANK OF KENYA LIMITED
015 B000258 S
015 C010258 XXX
015 D010258 KENYA
015 E040258 X
015 A000259 CESKOSLOVENSKA OBCHODNA BANKA, A.S.
015 B000259 S
015 C010259 BRATISLAVA
015 D010259 SLOVAKIA
015 E040259 X
015 A000260 STANBIC BANK SWAZILAND LIMITED
015 B000260 S
015 C010260 XXX
015 D010260 SWAZILAND
015 E040260 X
015 A000261 STANBIC BANK ZAMBIA LTD
015 B000261 S
015 C010261 XXX
015 D010261 ZAMBIA
015 E040261 X
015 A000262 STANBIC BANK ZIMBABWE LTD.
015 B000262 S
015 C010262 XXX
015 D010262 ZIMBABWE
015 E040262 X
058 A000200 N
059 000200 Y
060 A000200 N
060 B000200 N
061 000200 2500
062 A000200 Y
062 B000200 0.0
062 C000200 0.0
<PAGE> PAGE 21
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 100.0
062 R000200 0.0
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 Y
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 Y
070 H010200 Y
070 H020200 N
070 I010200 Y
070 I020200 N
070 J010200 Y
070 J020200 Y
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 Y
070 M020200 Y
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
<PAGE> PAGE 22
071 A000200 163331
071 B000200 202814
071 C000200 180854
071 D000200 181
072 A000200 6
074 N000200 396727
074 T000200 393543
075 A000200 0
075 B000200 205043
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Global Fund Annual Report for the fiscal year ended 6/30/98 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Scudder Global Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-1998
<PERIOD-START> JUL-01-1997
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 1,278,573,983
<INVESTMENTS-AT-VALUE> 1,749,891,737
<RECEIVABLES> 24,693,402
<ASSETS-OTHER> 418,040
<OTHER-ITEMS-ASSETS> 198,653
<TOTAL-ASSETS> 1,775,201,832
<PAYABLE-FOR-SECURITIES> 2,617,017
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,377,073
<TOTAL-LIABILITIES> 8,994,090
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,184,196,816
<SHARES-COMMON-STOCK> 54,499,264
<SHARES-COMMON-PRIOR> 47,646,208
<ACCUMULATED-NII-CURRENT> 19,397,657
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 91,853,687
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 470,759,582
<NET-ASSETS> 1,766,207,742
<DIVIDEND-INCOME> 26,308,042
<INTEREST-INCOME> 15,319,879
<OTHER-INCOME> 0
<EXPENSES-NET> 22,021,169
<NET-INVESTMENT-INCOME> 19,606,752
<REALIZED-GAINS-CURRENT> 212,859,587
<APPREC-INCREASE-CURRENT> (2,170,185)
<NET-CHANGE-FROM-OPS> 230,296,154
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (41,122,886)
<DISTRIBUTIONS-OF-GAINS> (214,025,939)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 16,505,655
<NUMBER-OF-SHARES-REDEEMED> (18,263,418)
<SHARES-REINVESTED> 8,610,819
<NET-CHANGE-IN-ASSETS> 161,741,972
<ACCUMULATED-NII-PRIOR> 21,810,028
<ACCUMULATED-GAINS-PRIOR> 112,423,802
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 15,502,974
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 22,021,169
<AVERAGE-NET-ASSETS> 1,649,330,263
<PER-SHARE-NAV-BEGIN> 33.67
<PER-SHARE-NII> 0.38
<PER-SHARE-GAIN-APPREC> 3.82
<PER-SHARE-DIVIDEND> (0.88)
<PER-SHARE-DISTRIBUTIONS> (4.58)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 32.41
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors of Global/International Fund, Inc.:
In planning and performing our audit of the financial statements and
financial highlights (hereinafter referred to as "financial statements") of
Scudder International Bond Fund, a series of Global/International Fund, Inc. for
the year ended June 30, 1998, we considered its internal control, including
control activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and financial highlights and to comply with the requirements of Form
N-SAR, not to provide assurance on internal control.
The management of Scudder International Bond Fund is responsible for
establishing and maintaining internal control. In fulfilling this
responsibility, estimates and judgments by management are required to assess the
expected benefits and related costs of controls. Generally, controls that are
relevant to an audit pertain to the entity's objective of preparing financial
statements and financial highlights for external purposes that are fairly
presented in conformity with generally accepted accounting principles. Those
controls include the safeguarding of assets against unauthorized acquisition,
use, or disposition.
Because of inherent limitations in internal control, error or fraud may
occur and not be detected. Also, projection of any evaluation of internal
control to future periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements and financial highlights being
audited may occur and not be detected within a timely period by employees in the
normal course of performing their assigned functions. However, we noted no
matters involving internal control and its operation, including controls over
safeguarding securities, that we consider to be material weaknesses as defined
above as of June 30, 1998.
This report is intended solely for the information and use of management,
the Board of Directors of Global/International Fund, Inc. and the Securities and
Exchange Commission.
Boston, Massachusetts PricewaterhouseCoopers LLP
August 14, 1998
