SCUDDER SECURITIES TRUST
497, 1997-04-07
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                            SCUDDER SECURITIES TRUST

 Supplement to the Statement of Additional Information dated September 9, 1996.

The following text replaces the text under "Financial Statements" on page 50.


                              FINANCIAL STATEMENTS

The financial  statements and notes,  including the investment  portfolio of the
Fund, together with the Financial Highlights of Scudder 21st Century Growth Fund
are incorporated by reference and attached  hereto,  and are hereby deemed to be
part of the Statement of Additional Information.










April 7, 1997


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