SCUDDER [logo]
Scudder Health Care Fund
Supplement to Prospectus
dated January 5, 1998
The following text replaces the section entitled "Shareholder benefits -- A team
approach to investing" on page 17.
Scudder Health Care Fund
Lead Portfolio Manager Jim Fenger has responsibility for the Fund's day-to-day
management and investment strategies. Mr. Fenger has 15 years of investment
industry experience and specializes in pharmaceutical (domestic and foreign) and
biotechnology companies, as well as medical technology and hospital supply
firms. Mr. Fenger has been a healthcare investment analyst with the Adviser for
15 years. Kimberly Purvis, Portfolio Manager, focuses on healthcare services
(hospitals, HMO's, etc.), medical supply distributors and medical device
companies. Prior to joining the Adviser in February 1997, Ms. Purvis was an
equity research analyst at an investment banking firm. Ms. Purvis has 14 years
of industry experience. Sally Yanchus, Portfolio Manager, contributes expertise
in small cap medical devices and medical technology companies for the global
equity group. Prior to joining the Adviser in September 1997, Ms. Yanchus was a
sell-side analyst for six years covering various healthcare industries. Leefin
Lai, Portfolio Manager, has over five years of investment industry experience
and specializes in small- and mid-cap technology and biotechnology companies.
Prior to joining the Adviser in 1993, Ms. Lai was a senior tax accountant for a
healthcare corporation and a tax specialist for an accounting firm. William
Truscott serves as a Portfolio Manager for the Fund. Mr. Truscott, who joined
the Adviser in 1992 and has 15 years of investment industry experience, was a
portfolio manager and equity research analyst from 1992 to 1996, focusing on
Latin American securities. He is currently the Adviser's Director of Global
Equity Research.
June 8 ,1998
