Scudder Gold Fund
Supplement to Statement of Additional Information
dated March 1, 2000, as revised April 11, 2000
The following amends information on page 34, the eighth paragraph under the
section "Investment Adviser" in the Fund's Statement of Additional Information:
The Fund's Board approved an amended and restated Investment Management
Agreement effective October 2, 2000. The complete fee schedule is as follows:
Annual Investment
-----------------
Average daily net assets Management fee rate
------------------------ -------------------
First $500 million 1.00%
Exceeding $500 million 0.95%
As of October 2, 2000, the Fund's net assets were approximately $92 million.
October 31, 2000
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