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