SCUDDER [LOGO]

Scudder Emerging Markets 
Growth Fund

Supplement to Prospectus
Dated March 1, 1998

Until  February  28,  1999,  the  Fund's  investment  adviser,   Scudder  Kemper
Investments,  Inc., has agreed to maintain  expenses to the extent  necessary so
that total  expenses of the Fund do not exceed 2.25% of average daily net assets
of the Fund.

September 1, 1998



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