Scudder (logo)
September 5, 1996
Dear Scudder Investor,
We are pleased to report that Scudder Latin America Fund will no longer
impose a 2% fee on redemptions or exchanges of shares held for less than one
year. The fee was originated to protect long-term investors from the detrimental
effects of short-term trades in the Fund. Because the Fund has successfully
established itself as a viable long-term investment, with the majority of its
shareholders in the Fund for more than a year, the Board has deemed the fee no
longer necessary.
Please contact a Scudder Investor Relations representative at 1-800-225-2470
between 8 a.m. and 8 p.m., eastern time, Monday through Friday, should you have
any questions about this or any other Scudder fund.
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)
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Scudder (logo)
Scudder Latin America Fund
Supplement to Prospectus
Dated March 1, 1996
The 2% fee imposed on redemptions and exchanges made in shares of the Fund held
less than one year is no longer applicable. Effective immediately all
transactions in shares of the Fund will be free of any redemption or exchange
fee.
September 5, 1996
