SCUDDER
Supplement to Prospectuses
Prospectus dated August 1, 1994 As Revised November 1, 1994
Scudder International Fund
Prospectuses dated November 1, 1994
Scudder Development Fund
Scudder Global Fund
Scudder Gold Fund
Prospectus dated February 1, 1995
Scudder Value Fund
Prospectuses dated March 1, 1995
Scudder Emerging Markets Income Fund
Scudder Global Small Company Fund
Scudder Greater Europe Growth Fund
Scudder Latin America Fund
Scudder Pacific Opportunities Fund
Scudder Quality Growth Fund
Prospectuses dated May 1, 1995
Scudder Balanced Fund
Scudder Growth and Income Fund
Scudder Income Fund
Scudder Zero Coupon 2000 Fund
The following text replaces the section entitled "By telephone order."
By telephone order. Existing shareholders may purchase shares at a certain
day's price by calling 1-800-225-5163 before the close of regular trading
on the New York Stock Exchange (the "Exchange"), normally 4 p.m. eastern
time, on that day. Orders must be for $10,000 or more and cannot be for an
amount greater than four times the value of your account at the time the
order is placed. You must include with your payment the order number given
at the time the order is placed. A confirmation with complete purchase
information is sent shortly after your order is received. If payment by
check or wire is not received within three business days, the order is
subject to cancelation and the shareholder will be responsible for any loss
to the Fund resulting from this cancelation. Telephone orders are not
available for shares held in Scudder IRA accounts and most other Scudder
retirement plan accounts.
June 7, 1995 PS999-2A-65
SFD99SU1
MIST3PS
<PAGE>
SCUDDER
June 7, 1995
Dear Scudder Investor,
The prospectus supplement on the reverse side is formal notice of a change in
Scudder's policy concerning the purchase of shares by telephone order. Investors
who purchase shares by telephone will now have three business days to pay for a
purchase, instead of the previous time limit of seven business days.
This new deadline is part of a new securities industry standard that mandates
settlement of all securities trades within three business days. The Securities
and Exchange Commission implemented this new deadline, called "T+3," to enhance
the stability of U.S. financial markets by reducing the amount of outstanding
debt among financial firms due to transaction activity.
If you have any questions about these changes, or about your Scudder Fund,
please call us at 1-800-225-2470. We will be happy to assist you.
Sincerely,
/s/David S. Lee
David S. Lee
President, Scudder Investor Services, Inc.
This letter is for explanatory purposes and is not part of the prospectus
supplement on the reverse side.
(over, please)
<PAGE>
Supplement to Statement of Additional Information dated February 1, 1995
Scudder Capital Growth Fund
Scudder Value Fund
Supplement to Statement of Additional Information dated May 1, 1995
Scudder Balanced Fund
Scudder Income Fund
The following text replaces the paragraph under "PURCHASES - Additional
Information About Making Subsequent Investments:"
Subsequent purchase orders for $10,000 or more and for an amount not
greater than four times the value of the shareholder's account may be placed by
telephone, fax, etc. by established shareholders (except by Scudder Individual
Retirement Account (IRA), Scudder Horizon Plan, Scudder Profit Sharing and Money
Purchase Pension Plans, Scudder 401(k) and Scudder 403(b) Plan holders), members
of the NASD, and banks. Orders placed in this manner may be directed to any
office of the Distributor listed in each Fund's prospectus. A confirmation of
the purchase will be mailed out promptly following receipt of a request to buy.
Federal regulations require that payment be received within three business days.
If payment is not received within that time, the order is subject to
cancelation. In the event of such cancelation or cancelation at the purchaser's
request, the purchaser will be responsible for any loss incurred by a Fund or
the principal underwriter by reason of such cancelation. If the purchaser is a
shareholder, the Trust shall have the authority, as agent of the shareholder, to
redeem shares in the account in order to reimburse the relevant Fund or the
principal underwriter for the loss incurred. Net losses on such transactions
which are not recovered from the purchaser will be absorbed by the principal
underwriter. Any net profit on the liquidation of unpaid shares will accrue to
the relevant Fund.
June 7, 1995
