SCUDDER SECURITIES TRUST
497, 1997-09-19
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Scudder Micro Cap Fund


Supplement to Prospectus
Dated August 12, 1996
As Revised February 7, 1997

The following is inserted  under the  "Transaction  information"  section of the
Fund's prospectus:

   Due to  investment  considerations,  effective  at the close of  business  on
September 22, 1997, Scudder Micro Cap Fund (the "Fund") will suspend the sale of
its shares to new individual investors. After the close of business on September
22,  1997,  shares  of the Fund  will be  available  for  purchase  by  existing
shareholders of the Fund. The Fund will also remain open for investment  through
certain group retirement plans. Should an individual shareholder fully liquidate
his or her Scudder Micro Cap Fund account, the shareholder may not invest in the
Fund at a later date.

September 22, 1997



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