SCUDDER                                                              [logo]

Scudder Income 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 Income 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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