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Supplement to Statement of Additional Information dated October 10, 1994
Scudder Greater Europe Growth Fund
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Supplement to Statements of Additional Information dated May 1, 1995
Scudder Zero Coupon 2000 Fund Scudder Tax Free Money Fund
Scudder Short Term Bond Fund Scudder Limited Term Tax Free Fund
Scudder Income Fund Scudder Medium Term Tax Free Fund
Scudder Balanced Fund Scudder Managed Municipal Bonds
Scudder Growth and Income Fund Scudder High Yield Tax Free Fund
Supplement to Statements of Additional Information dated August 1, 1995
Scudder GNMA Fund Scudder Massachusetts Tax Free Fund
Scudder International Fund Scudder Ohio Tax Free Fund
Scudder New York Tax Free Money Fund Scudder Pennsylvania Tax Free Fund
Scudder New York Tax Free Fund Scudder California Tax Free Money Fund
Scudder Massachusetts Limited Term Tax Free Fund Scudder California Tax Free Fund
Supplement to Statement of Additional Information dated October 6, 1995
Scudder Small Company Value Fund
Supplement to Statements of Additional Information dated November 1, 1995
Scudder Development Fund Scudder Gold Fund
Scudder Global Fund Scudder Cash Investment Trust
Scudder International Bond Fund Scudder U.S. Treasury Money Fund
Supplement to Statements of Additional Information dated March 1, 1995
Scudder Latin America Fund Scudder Quality Growth Fund
Scudder Pacific Opportunities Fund
Supplement to Statement of Additional Information dated March 1, 1995 as revised December 27,
1995
Scudder Emerging Markets Income Fund Scudder Global Bond Fund
Scudder Global Small Company Fund
The following text expands the discussion under "PERFORMANCE INFORMATION - Comparison
of Portfolio Performance"
Scudder's Theme: Build Create Provide
Marketing and fund literature may refer to Scudder's theme: "Build Create Provide."
This theme intends to encapsulate the composition of a sound investment philosophy, one through
which Scudder can help provide investors appropriate avenues for pursuing dreams. Individuals
recognize the need to build investment plans that are suitable and directed at achieving one's
financial goals. The desired result from planning and a long-term commitment to it is the
ability to build wealth over time. While there are no guarantees in the pursuit of wealth
through investing, Scudder believes that a sound investment plan can enhance one's ability to
achieve financial goals that are clearly defined and appropriately approached. Wealth, while a
relative term, may be defined as the freedom to provide for those interests which you hold most
important -- your family, future, and/or your community.
January 19, 1996
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