Scudder
Cash Investment
Trust
Fund Profile
April 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.
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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.
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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.
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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%
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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?
This chart shows how the Fund has performed over the past 10 years,
assuming reinvestment of all distributions. On March 31, 1996, the
Fund's seven-day yield was 4.49%. For the Fund's current yield, call
1-800-343-2890. Performance is historical and may not be indicative of
future results.
BAR CHART INSERTED WITH THE CAPTION:
Total Returns for years
ended December 31:
BAR CHART DATA:
1986 6.40%
1987 6.10
1988 7.18
1989 8.86
1990 7.84
1991 5.96
1992 3.51
1993 2.58
1994 3.70
1995 5.25
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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.
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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.
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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.
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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.
