SCUDDER SECURITIES TRUST
485APOS, EX-99.I, 2000-12-28
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                                                                     Exhibit (i)

December 22, 2000


Scudder Securities Trust
Two International Place
Boston, MA  02110

Re:      Post-Effective Amendment No. 76 to the Registration Statement on Form
         N-1A (SEC File No. 2-36238)

Scudder Securities Trust,  formerly Scudder Development Fund (the "Trust"), is a
trust created under a written  Declaration  of Trust dated October 16, 1985. The
Declaration  of Trust,  as  amended  from time to time,  is  referred  to as the
"Declaration  of Trust." The beneficial  interest under the Declaration of Trust
is represented by transferable shares, $.01 par value per share ("Shares").  The
Trustees have the powers set forth in the  Declaration of Trust,  subject to the
terms, provisions and conditions therein provided.

We are of the opinion that all legal requirements have been complied with in the
creation of the Trust and that said Declaration of Trust is legal and valid.

Under  Article V,  Section 5.4 of the  Declaration  of Trust,  the  Trustees are
empowered,  in their  discretion,  from time to time,  to issue  Shares for such
amount and type of consideration, at such time or times and on such terms as the
Trustees may deem best.  Under  Article V, Section 5.1, it is provided  that the
number  of Shares  authorized  to be issued  under the  Declaration  of Trust is
unlimited.  Under  Article V,  Section  5.11,  the Trustees  may  authorize  the
division of Shares into two or more series and under  Article V,  Section  5.13,
may also  authorize  the  division  of Shares of series of the Trust into two or
more  classes.  By  written  instruments,  the  Trustees  have from time to time
established  various series of the Trust and various classes of the series.  The
Shares are  currently  divided into five series (the  "Funds").  Currently,  the
Shares of all of the Funds are divided into two or more classes.

By votes  adopted on November  13, 2000,  October 28,  2000,  March 14, 2000 and
December 7, 1999, the Trustees of the Trust  authorized the President,  any Vice
President, the Secretary and the Treasurer,  from time to time, to determine the
appropriate  number of Shares to be registered,  to register with the Securities
and Exchange Commission, and to issue and sell to the public, such Shares.

We  understand  that you are  about to file  with the  Securities  and  Exchange
Commission,  on Form  N-1A,  Post  Effective  Amendment  No.  76 to the  Trust's
Registration  Statement (the "Registration  Statement") under the Securities Act
of 1933, as amended (the  "Securities  Act"),  in connection with the continuous
offering of the Shares of two Funds:  Scudder Technology Fund and Scudder Health
Care Fund. We understand  that our opinion is required to be filed as an exhibit
to the Registration Statement.

We are of the opinion that all necessary Trust action  precedent to the issue of
the  Shares of the Funds  named  above  has been duly  taken,  and that all such
Shares may be legally and validly  issued for cash,  and when sold will be fully
paid and  non-assessable  by the Trust

<PAGE>

Scudder Securities Trust
December 22, 2000
Page 2


upon receipt by the Trust or its agent of consideration for such Shares in
accordance with the terms in the Registration Statement, subject to compliance
with the Securities Act, the Investment Company Act of 1940, as amended, and
applicable state laws regulating the sale of securities.

We  consent  to your  filing  this  opinion  with the  Securities  and  Exchange
Commission as an Exhibit to Post-Effective  Amendment No. 76 to the Registration
Statement.

Very truly yours,


/s/Dechert

Dechert


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