Scudder Gold Fund
Supplement to Statement of Additional Information dated November 1, 1995
The following non-fundamental policy on page 13 in the section entitled
"Investment Restrictions" has been revised to read as follows:
The Fund may not:
(7) with respect to 75% of its total assets, taken at market value,
purchase (except for the exercise of stock subscription rights)
securities of any one issuer (other than wholly-owned subsidiaries of
the Corporation) if as a result more than 10% of the outstanding
voting securities of such issuer would be held in the Fund's
portfolio, except those issued or guaranteed by the government of the
U.S.;
June 4, 1996
