SCUDDER SECURITIES TRUST
497, 2000-10-30
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                         Scudder New York Tax Free Fund
                        Scudder California Tax Free Fund
                        Scudder Small Company Value Fund

   Supplement to each currently effective Statement of Additional Information
                              containing Class AARP

The following information supplements the disclosure in the "Additional
Information about Opening an Account" section of each fund's Statement of
Additional Information:

         Class AARP shares of the above-listed funds will not be available to
new investors after October 30, 2000.



October 30, 2000




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