SCUDDER CASH INVESTMENT TRUST
497, 1996-11-08
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Scudder Cash Investment Trust

Supplement to Prospectus
Dated November 1, 1996

Until January 1, 1997,  the initial  investment and minimum  account  balance is
$1,000  for  regular  accounts  and $500 for  fiduciary  accounts  such as IRAs.
Effective  January 1, 1997,  the  initial  investment  and the  minimum  account
balance for regular accounts will increase from $1,000 to $2,500. The subsequent
minimum  investment  will  remain at $100.  The initial  investment  and minimum
account  balance for fiduciary  accounts such as IRAs will increase from $500 to
$1,000 per fund account,  and the subsequent  minimum  investment will remain at
$50.  

Please refer to Transaction information -- Minimum balances for more information
on these new account minimums.

                                                                
November 1, 1996                                                     PS65-2A-116
                                                                         MIS65PS
                                                                        SU991096

<PAGE>
                                                                November 1, 1996

Dear Scudder Investor,

     On the reverse side, you'll find a prospectus supplement that explains some
important  information  about Scudder Cash Investment  Trust. In the Transaction
Information section of the prospectus,  you'll find that the account minimum and
initial investment amounts have been raised.  We're writing to let you know that
these changes will not go into effect until January 1, 1997, pending approval by
the  shareholders at a Special Meeting on November 5, 1996. Until January 1, the
initial investment and minimum account balance will remain at $1,000 for regular
accounts and $500 for fiduciary accounts.  Please keep this supplement with your
prospectus,  and call us toll-free at  1-888-815-1840 if you have any questions.
We will be happy to help you. 

Sincerely,

/s/David S. Lee
David S. Lee
President, Scudder Investor Services, Inc.

   This letter is for explanatory purposes and is not part of the prospectus
                        supplement on the reverse side.

                                 (over please)


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