SCUDDER PORTFOLIO TRUST/
497, 1998-02-20
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SCUDDER                                                            [logo]

Scudder Balanced Fund

Supplement to Prospectus
Dated May 1, 1997

On February 10, 1998, the Board of Trustees of Scudder  Portfolio Trust voted to
change the dividend  distribution dates of Scudder Balanced Fund. Dividends will
be paid quarterly to shareholders in March, June,  September and December.  This
change will become effective March 1998.



February 10, 1998



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