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Scudder International Bond Fund
Supplement to Prospectus
Dated November 1, 1998
The following text replaces the section entitled "Shareholder benefits -- A team
approach to investing" on page 20.
M. Isabel Saltzman, Lead Portfolio Manager, assumed responsibility for the
Fund's day-to-day operations on November 24, 1998. Ms. Saltzman, who joined the
Adviser in 1990 as a portfolio manager, has been involved in credit analysis,
corporate finance, and foreign finance and investing since 1979. Portfolio
Manager Adam M. Greshin specializes in global and international bond
investments. Mr. Greshin was involved in the original design of Scudder
International Bond Fund and has been a portfolio manager of the Fund since its
inception in 1988. Mr. Greshin joined the Adviser in 1986 as an international
bond analyst.
December 28, 1998
