<PAGE> PAGE 1
000 A000000 12/31/94
000 C000000 088048
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER DEVELOPMENT FUND
001 B000000 811-2021
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
018 000000 Y
019 A000000 Y
019 B000000 36
019 C000000 SCUDDERRRR
020 A000001 ADAMS HARKNESS & HILL INC.
020 B000001 04-2149932
020 C000001 38
020 A000002 WILLIAM BLAIR & CO.
020 C000002 33
020 A000003 NEWBRIDGE SECURITIES INC.
020 C000003 26
020 A000004 REGIONAL OPERATIONS GROUP
020 C000004 24
020 A000005 MERRILL LYNCH
020 B000005 13-5674085
020 C000005 18
020 A000006 FIRST ALBANY CORP.
020 B000006 14-1391446
<PAGE> PAGE 2
020 C000006 16
020 A000007 DAIN BOSWORTH INC.
020 C000007 14
020 A000008 FOX PITT KELTON
020 C000008 14
020 A000009 MONTGOMERY SECURITIES
020 B000009 94-1701676
020 C000009 12
020 A000010 RAUSCHER PIERCE REFSNES INC.
020 C000010 9
021 000000 298
022 A000001 BEAR STEARNS & CO. INC.
022 B000001 13-4946705
022 C000001 16393
022 D000001 11555
022 A000002 WILLIAM BLAIR & CO.
022 C000002 0
022 D000002 25265
022 A000003 MERRILL LYNCH
022 B000003 13-5674085
022 C000003 4431
022 D000003 14580
022 A000004 ADAMS HARKNESS & HILL INC.
022 B000004 04-2149932
022 C000004 6724
022 D000004 5124
022 A000005 ALEX BROWN & SONS INC.
022 B000005 52-0256630
022 C000005 10826
022 D000005 0
022 A000006 GOLDMAN SACHS
022 B000006 13-5108880
022 C000006 6640
022 D000006 2371
022 A000007 MONTGOMERY SECURITIES
022 B000007 94-1701676
022 C000007 0
022 D000007 8650
022 A000008 MORGAN STANLEY & CO. INC.
022 B000008 13-2655998
022 C000008 7188
022 D000008 1388
022 A000009 NEWBRIDGE SECURITIES
022 C000009 8511
022 D000009 0
022 A000010 FIRST BOSTON CORP.
022 B000010 13-5659485
022 C000010 0
022 D000010 8315
023 C000000 1234561
023 D000000 165148
<PAGE> PAGE 3
024 000000 N
028 A010000 22763
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070 A010000 Y
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<PAGE> PAGE 4
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 Y
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 126606
071 B000000 163164
071 C000000 579936
071 D000000 44
072 A000000 6
072 B000000 216
072 C000000 736
072 D000000 0
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072 I000000 676
072 J000000 106
072 K000000 0
072 L000000 137
072 M000000 18
072 N000000 23
<PAGE> PAGE 5
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 24
072 S000000 18
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 39
072 X000000 3958
072 Y000000 0
072 Z000000 -3006
072AA000000 28657
072BB000000 0
072CC010000 54153
072CC020000 0
072DD010000 0
072DD020000 0
072EE000000 41498
073 A010000 0.0000
073 A020000 0.0000
073 B000000 2.1200
073 C000000 0.0000
074 A000000 0
074 B000000 0
074 C000000 17143
074 D000000 0
074 E000000 28804
074 F000000 558120
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 5432
074 K000000 0
074 L000000 1852
074 M000000 5
074 N000000 611356
074 O000000 6783
074 P000000 480
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 6024
074 S000000 0
074 T000000 598069
074 U010000 20245
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074 V010000 29.54
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<PAGE> PAGE 6
074 X000000 43715
074 Y000000 0
075 A000000 0
075 B000000 587497
076 000000 0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 GULF INSURANCE CO.
080 C000000 40000
081 A000000 Y
081 B000000 63
082 A000000 Y
082 B000000 100
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Scudder Development Fund Semi-Annual Report for the period ended December
31, 1994 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 0
<NAME> Scudder Development Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> JUN-30-1995
<PERIOD-START> JUL-01-1994
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 455,308,705
<INVESTMENTS-AT-VALUE> 604,067,316
<RECEIVABLES> 7,288,521
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 611,355,837
<PAYABLE-FOR-SECURITIES> 6,782,863
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,504,255
<TOTAL-LIABILITIES> 13,287,118
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 417,647,903
<SHARES-COMMON-STOCK> 20,245,357
<SHARES-COMMON-PRIOR> 19,787,452
<ACCUMULATED-NII-CURRENT> (3,005,659)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 34,667,864
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 148,758,611
<NET-ASSETS> 598,068,719
<DIVIDEND-INCOME> 736,252
<INTEREST-INCOME> 215,587
<OTHER-INCOME> 0
<EXPENSES-NET> 3,957,498
<NET-INVESTMENT-INCOME> (3,005,659)
<REALIZED-GAINS-CURRENT> 28,656,726
<APPREC-INCREASE-CURRENT> 54,153,070
<NET-CHANGE-FROM-OPS> 79,804,137
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (41,498,116)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4,604,971
<NUMBER-OF-SHARES-REDEEMED> 5,518,329
<SHARES-REINVESTED> 1,371,263
<NET-CHANGE-IN-ASSETS> 52,341,510
<ACCUMULATED-NII-PRIOR> (18,616,729)
<ACCUMULATED-GAINS-PRIOR> 68,234,324
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,917,526
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,957,498
<AVERAGE-NET-ASSETS> 587,497,123
<PER-SHARE-NAV-BEGIN> 27.58
<PER-SHARE-NII> (.15)
<PER-SHARE-GAIN-APPREC> 4.23
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 2.12
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 29.54
<EXPENSE-RATIO> 1.34
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
