SCUDDER
INVESTMENTS(SM)
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Scudder California Tax Free
Money Fund
A series of Scudder California Tax Free Trust
Scudder New York Tax Free
Money Fund
A series of Scudder State Tax Free Trust
Supplement to the Prospectus
Dated August 1, 1999
Scudder Financial Services
Fund
A series of Scudder Securities Trust
Supplement to the Prospectus
Dated October 1, 1999
Effective May 5, 2000, Scudder California Tax Free Money Fund, Scudder New York
Tax Free Money Fund and Scudder Financial Services Fund ceased operations.
Proceeds from the liquidation of each fund will be distributed to the
shareholders of each fund and each fund will be terminated.
May 5, 2000
