SCUDDER [LOGO]
Scudder 21st Century Growth Fund
Supplement to Prospectus
Dated January 1, 1998
The following replaces text contained in the section entitled "Investment
objective and policies" on page 5:
The Fund generally invests in equity securities, including common stocks and
convertible securities, of relatively small or little-known companies, commonly
referred to as emerging growth companies, with market capitalizations roughly
similar to those of companies included in the Russell 2000 Index. The Fund may
continue to hold securities of companies that have grown in market
capitalization beyond the maximum market capitalization in the Index, but will
generally not add to these holdings.
June 30, 1998
