SCUDDER EQUITY TRUST
Scudder Large Company Value Fund
Scudder Value Fund
Supplement to Statement of Additional Information
Dated February 1, 1998
The following replaces the fourth paragraph in the section entitled "Portfolio
Transactions, Brokerage Commissions" (on page 48):
When it can be done consistently with the policy of obtaining
the most favorable net results, it is the Adviser's practice to place
such orders with broker/dealers who supply market quotations to Scudder
Fund Accounting Corporation for appraisal purposes, or who supply
research, market and statistical information to a Fund or the Adviser.
The term "research, market and statistical information" includes advice
as to the value of securities, the advisability of investing in,
purchasing or selling securities, and the availability of securities or
purchasers or sellers of securities, and furnishing analyses and
reports concerning issuers, industries, securities, economic factors
and trends, portfolio strategy and the performance of accounts. The
Adviser is authorized when placing portfolio transactions for a Fund to
pay a brokerage commission (to the extent applicable) in excess of that
which another broker might charge for executing the same transaction
solely on account of the receipt of research, market or statistical
information. The Adviser will not place orders with broker/dealers on
the basis that the broker/dealer has or has not sold shares of a Fund.
Except for implementing the policy stated above, there is no intention
to place portfolio transactions with particular brokers or dealers or
groups thereof. In effecting transactions in over-the-counter
securities, orders are placed with the principal market makers for the
security being traded unless, after exercising care, it appears that
more favorable results are available elsewhere.
March __, 1998
