Scudder
Cash Investment
Trust
Fund Profile
July 1, 1996
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SCUDDER CASH INVESTMENT TRUST
1. What Are The Fund's Objectives?
Scudder Cash Investment Trust is a diversified money market fund
that seeks to maintain stability of capital and, consistent
therewith, to maintain liquidity and provide current income. In
pursuit of its objectives the Fund seeks to maintain a $1.00
share price.
2. What Does The Fund Invest In?
The Fund invests in U.S. dollar-denominated securities such as
certificates of deposit, commercial paper, and U.S. Treasury
securities. The dollar-weighted average maturity of the Fund's
portfolio will vary with money market conditions, but is always
90 days or less.
All securities must meet credit quality standards established by
the Trustees of the Fund.
3. What Are The Risks Of Investing In The Fund?
The Fund seeks to eliminate principal risk. Nonetheless, the
Fund's share price is not insured or guaranteed by the U.S.
Government, and there can be no assurance that the Fund will be
able to maintain a stable net asset value of $1.00 per share. The
Fund's yield may vary from day to day.
4. For Whom Is This Fund Appropriate?
You may wish to consider this Fund if you are seeking safety of
principal as well as current income. Its objectives make the Fund
an appropriate investment for a wide range of goals and for
investors with short- or long-term financial needs.
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5. What Are The Fund's Expenses And Fees?
There are two kinds of expenses that a shareholder may incur,
directly or indirectly, by investing in a mutual fund. These
types of expenses, as they relate to Scudder Cash Investment
Trust are:
Shareholder transaction expenses --
Expenses charged directly to your account for various
transactions.
Sales Commission None
Commissions to Reinvest Dividends None
Redemption Fee None
Exchange Fee None
Annual Fund operating expenses --
Expenses paid by the Fund before it distributes its
net investment income, expressed as a percentage of
the Fund's average daily net assets. Figures below
are for the fiscal year ended June 30, 1995.
Investment management fee 0.41%
12b-1 fees None
Other expenses 0.37%
----
Total Fund operating expenses 0.78%
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Example:
Assuming a 5% annual return and redemption at the end
of each period, the total expenses relating to a
$1,000 investment would be:
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
$8 $25 $43 $97
This example assumes reinvestment of all dividends and
distributions and that the total Fund operating expenses
listed above remain the same each year. This example
should not be considered a representation of past or
future expenses or return. Actual Fund expenses and return
vary from year to year and may be higher or lower than
those shown. Please note that there is a $5 service fee if
you request redemption proceeds via wire.
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6. How Has The Fund Performed Historically?
THE PRINTED DOCUMENT CONTAINED A BAR CHART HERE
BAR CHART TITLE: Total returns for years ended December 31:
BAR CHART DATA: Below
1986 6.4%
1987 6.1
1988 7.18
1989 8.86
1990 7.84
1991 5.96
1992 3.51
1993 2.58
1994 3.70
1995 5.25
This chart shows how the Fund has performed over the past 10
years, assuming reinvestment of all distributions. On June 30,
1996, the Fund's seven-day yield was 4.57%. For the Fund's
current yield, call 1-800-343-2890. Performance is historical and
may not be indicative of future results.
7. Who Manages The Fund?
The Fund's investment adviser is Scudder, Stevens & Clark, Inc.,
a leading provider of U.S. and international investment
management for clients throughout the world.
8. How Can I Invest?
To make it easy for you to open an account, you may invest by
mail, phone, fax, or in person. The minimum initial investment is
only $1,000. Thereafter, additional investments may be made for
as little as $100. You may also exchange Fund shares free of
charge within the Scudder Family of Funds.
9. How Can I Redeem Shares?
You may redeem shares at the current share price on any business
day by check, telephone, fax, or mail.
10. When Are Distributions Made?
Dividends are declared daily and distributed monthly. The Fund
may take into account capital gains and losses (other than
long-term capital gains) in its daily dividend declaration. You
may elect to receive distributions in cash or have them
reinvested in additional shares of the Fund.
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11. What Services Does Scudder Provide?
As a shareholder, you'll enjoy:
o professional service from representatives who can answer your
questions and execute your transactions
o automated toll-free touchtone access to account information,
share prices and yields, and to perform transactions
o Scudder's quarterly shareholder newsletter, Perspectives
o regular, informative reports about the performance of your Fund
Scudder wants you to make informed investment decisions. This Fund Profile
contains key information about Scudder Cash Investment Trust. More details
appear in the Fund's accompanying prospectus. Please read it carefully before
you invest. If you have any questions, please call 1-800-225-2470.
