Scudder Financial Services Fund
Scudder Health Care Fund
Scudder Technology Fund
Supplement to Statement of Additional Information dated January 5, 1998
The following paragraph is added to the section entitled "Specialized Investment
Techniques" on page 1:
Short Sales Against the Box. Each Fund may make short sales of common
stocks if, at all times when a short position is open, the applicable Fund
owns the stock or owns preferred stocks or debt securities convertible or
exchangeable, without payment of further consideration, into the shares of
common stock sold short. Short sales of this kind are referred to as short
sales "against the box." The broker/dealer that executes a short sale
generally invests cash proceeds of the sale until they are paid to a Fund.
Arrangements may be made with the broker/dealer to obtain a portion of the
interest earned by the broker on the investment of short sale proceeds.
February 24, 1998
