<PAGE> PAGE 1
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010 C010001 BOSTON
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013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
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<PAGE> PAGE 2
015 C030001 02109
015 E020001 X
015 A000002 DEN DANSKE BANK
015 B000002 S
015 C010002 COPENHAGEN
015 D010002 DENMARK
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015 A000003 CREDITANSTALT BANKVEREIN
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015 C010003 VIENNA
015 D010003 AUSTRIA
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<PAGE> PAGE 3
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015 A000012 BANQUE BRUXELLES LAMBERT
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015 C010012 BRUSSELS
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015 A000013 SWISS BANK CORPORATION
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015 A000014 BANQUE PARIBAS
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015 C010014 PARIS
015 D010014 FRANCE
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015 A000015 DRESDNER BANK
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 9
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the
Scudder New Europe Fund Semiannual Report for the fiscal year ended 4/30/97 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>0
<NAME>SCUDDER NEW EUROPE FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-1997
<PERIOD-START> OCT-31-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 182,413,346
<INVESTMENTS-AT-VALUE> 291,098,064
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<TOTAL-LIABILITIES> 454,697
<SENIOR-EQUITY> 0
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
