SCUDDER PACIFIC OPPORTUNITIES FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED MARCH 1, 2000
The following supplements the disclosure in the section entitled "Investment
Adviser" in the currently effective Statement of Additional Information:
Sub-Adviser. Scudder Investments Singapore Limited ("SISL"), 30 Cecil Street,
Prudential Tower #24-01/02, Singapore, an affiliate of Scudder Kemper
Investments, Inc., is the sub-adviser for Scudder Pacific Opportunities Fund.
SISL serves as sub-adviser pursuant to the terms of a Research and Advisory
Agreement between it and the Adviser. SISL has served as sub-adviser to the Fund
since September 2000.
Under the terms of the Research and Advisory Agreement, SISL manages the
investment and reinvestment of the Fund's portfolio and will provide such
investment advice, research and assistance as the Adviser may, from time to
time, reasonably request.
The Adviser pays SISL for its services a sub-advisory fee, payable monthly, at
the annual rate of 0.385% of the Fund's average weekly net assets.
The Research and Advisory Agreement provides that SISL will not be liable for
any error of judgment or mistake of law or for any loss suffered by the Fund in
connection with matters to which the Research and Advisory Agreement relates,
except a loss resulting from willful misconduct, bad faith or gross negligence
on the part of SISL in the performance of its duties or from reckless disregard
by SISL of its obligations and duties under the Research and Advisory Agreement.
The Research and Advisory Agreement remains in effect until September 1, 2001
unless sooner terminated or not annually approved as described below.
Notwithstanding the foregoing, the Research and Advisory Agreement shall
continue in effect through September 1, 2001 and year to year thereafter, but
only as long as such continuance is specifically approved at least annually (a)
by a majority of the Directors of the Corporation who are not parties to such
agreement or interested persons of any such party except in their capacity as
Directors of the Corporation, and (b) by the shareholders or the Board of
Directors of the Corporation. The Research and Advisory Agreement may be
terminated at any time upon 60 days' notice by the Adviser or by the Board of
Directors of the Corporation or by majority vote of the outstanding shares of
the Fund, and will terminate automatically upon assignment or upon termination
of the Fund's investment management agreement.
September 21, 2000
