SCUDDER SECURITIES TRUST
Supplement to the Statement of Additional Information dated August 12,
1996.
The following text replaces the text under "Financial Statements" on page 47.
FINANCIAL STATEMENTS
The financial statements and notes, including the investment portfolio
of the Fund, together with the Financial Highlights, are incorporated by
reference and attached hereto in the Annual Report to Shareholders dated August
31, 1996, and are hereby deemed to be part of the Statement of Additional
Information.
February 7, 1997
