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Scudder Value Fund
Supplement to Prospectus
Dated February 1, 1998
Effective April 16, 1998, Scudder Value Fund (the "Fund") will no longer be
widely available. Shareowners of funds in the Scudder Family of Funds as of
April 15, 1998, their immediate family members residing at the same address and
the following groups will continue to be eligible to purchase shares of the Fund
on a no-load basis:
o Certain retirement, employee stock, bonus, pension and profit sharing plans;
o Any accounts managed or advised by Scudder Kemper Investments, Inc. (the
"Adviser");
o Certain partnership and corporate shareholders and other eligible groups;
o Clients of registered investment advisers ("RIAs") and registered certified
financial planners ("CFPs") invested in funds in the Scudder Family of Funds
as of April 15, 1998.
In addition, other RIAs and CFPs who have clients participating in comprehensive
fee programs may enter into an agreement with the Adviser to purchase shares on
a no-load basis.
February 20, 1998
