<PAGE> PAGE 1
000 A000000 06/30/98
000 C000000 088063
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER PORTFOLIO TRUST
001 B000000 811-42
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 SCUDDER INCOME FUND
007 C030100 N
007 C010200 2
007 C020200 SCUDDER BALANCED FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
008 A00AA01 SCUDDER KEMPER INVESTMENTS
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 NEW YORK
<PAGE> PAGE 2
008 D02AA01 NY
008 D03AA01 10154
008 D04AA01 0010
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
011 C04AA01 4103
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
012 C04AA01 2291
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC
014 B00AA01 8-298
014 A00AA02 GRUNTAL & CO., INC.
014 B00AA02 8-31022
014 A00AA03 GMS GROUP LLC (A GRUNTAL AFFILIATE)
014 B00AA03 8-23936
014 A00AA04 ZURICH CAPITAL MARKETS
014 B00AA04 8-49827
014 A00AA05 BANK HANDLOWY
014 B00AA05 8-24613
014 A00AA06 KEMPER DISTRIBUTORS, INC.
014 B00AA06 8-47765
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
015 E01AA01 X
015 A00AA02 STANDARD CHARTERED BANK
015 B00AA02 S
015 C01AA02 DHAKA
015 D01AA02 BANGLADESH
015 E04AA02 X
015 A00AA03 CITIBANK, N.A.
015 B00AA03 S
015 C01AA03 BUENOS AIRES
015 D01AA03 ARGENTINA
015 E04AA03 X
015 A00AA04 WESTPAC BANKING CORP.
015 B00AA04 S
015 C01AA04 SYDNEY
015 D01AA04 AUSTRALIA
<PAGE> PAGE 3
015 E04AA04 X
015 A00AA05 GIROCREDIT BANK
015 B00AA05 S
015 C01AA05 VIENNA
015 D01AA05 AUSTRIA
015 E04AA05 X
015 A00AA06 GENERALE BANQUE
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BANKBOSTON, N.A.
015 B00AA07 S
015 C01AA07 SAO PAULO
015 D01AA07 BRAZIL
015 E04AA07 X
015 A00AA08 CANADA TRUST CO. MORTGAGE COMPANY
015 B00AA08 S
015 C01AA08 TORONTO
015 D01AA08 CANADA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A.
015 B00AA09 S
015 C01AA09 SANTIAGO
015 D01AA09 CHILE
015 E04AA09 X
015 A00AA10 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLOMBIA
015 E04AA10 X
015 A00AA11 DEN DANSKE BANK
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK LIMITED
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BANQUE PARIBAS
015 B00AA13 S
015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 DRESDNER BANK AG
015 B00AA14 S
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
015 E04AA14 X
<PAGE> PAGE 4
015 A00AA15 NATIONAL BANK OF GREECE
015 B00AA15 S
015 C01AA15 ATHENS
015 D01AA15 GREECE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 DEUTSCHE BANK AG
015 B00AA17 S
015 C01AA17 BOMBAY
015 D01AA17 INDIA
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 JAKARTA
015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
015 B00AA19 S
015 C01AA19 DUBLIN
015 D01AA19 IRELAND
015 E04AA19 X
015 A00AA20 BANQUE PARIBAS
015 B00AA20 S
015 C01AA20 MILAN
015 D01AA20 ITALY
015 E04AA20 X
015 A00AA21 THE FUJI BANK, LIMITED
015 B00AA21 S
015 C01AA21 TOKYO
015 D01AA21 JAPAN
015 E04AA21 X
015 A00AA22 CITIBANK, N.A.
015 B00AA22 S
015 C01AA22 SEOUL
015 D01AA22 KOREA
015 E04AA22 X
015 A00AA23 STANDARD CHARTERED BANK
015 B00AA23 S
015 C01AA23 KUALA LUMPUR
015 D01AA23 MALAYSIA
015 E04AA23 X
015 A00AA24 CITIBANK, N.A.
015 B00AA24 S
015 C01AA24 MEXICO CITY
015 D01AA24 MEXICO
015 E04AA24 X
015 A00AA25 MEESPIERSON N.V.
<PAGE> PAGE 5
015 B00AA25 S
015 C01AA25 AMSTERDAM
015 D01AA25 NETHERLANDS
015 E04AA25 X
015 A00AA26 ANZ BANKING GROUP
015 B00AA26 S
015 C01AA26 WELLINGTON
015 D01AA26 NEW ZEALAND
015 E04AA26 X
015 A00AA27 CHRISTIANIA BANK OG KREDITKASSE
015 B00AA27 S
015 C01AA27 OSLO
015 D01AA27 NORWAY
015 E04AA27 X
015 A00AA28 DEUTSCH BANK A.G.
015 B00AA28 S
015 C01AA28 KARACHI
015 D01AA28 PAKISTAN
015 E04AA28 X
015 A00AA29 STANDARD CHARTERED BANK
015 B00AA29 S
015 C01AA29 MANILA
015 D01AA29 PHILIPPINES
015 E04AA29 X
015 A00AA30 BANCO COMERCIAL PORTUGUES
015 B00AA30 S
015 C01AA30 LISBON
015 D01AA30 PORTUGAL
015 E04AA30 X
015 A00AA31 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B00AA31 S
015 C01AA31 SINGAPORE
015 D01AA31 SINGAPORE
015 E04AA31 X
015 A00AA32 BANCO SANTANDER
015 B00AA32 S
015 C01AA32 MADRID
015 D01AA32 SPAIN
015 E04AA32 X
015 A00AA33 THE HONG KONG AND SHANGHAI BANKING CO., LTD.
015 B00AA33 S
015 C01AA33 COLOMBO
015 D01AA33 SRI LANKA
015 E04AA33 X
015 A00AA34 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA34 S
015 C01AA34 STOCKHOLM
015 D01AA34 SWEDEN
015 E04AA34 X
015 A00AA35 UNION BANK OF SWITZERLAND
015 B00AA35 S
<PAGE> PAGE 6
015 C01AA35 ZURICH
015 D01AA35 SWITZERLAND
015 E04AA35 X
015 A00AA36 CENTRAL TRUST OF CHINA
015 B00AA36 S
015 C01AA36 TAIPEI
015 D01AA36 TAIWAN
015 E04AA36 X
015 A00AA37 STANDARD CHARTERED BANK
015 B00AA37 S
015 C01AA37 BANGKOK
015 D01AA37 THAILAND
015 E04AA37 X
015 A00AA38 CITIBANK, N.A.
015 B00AA38 S
015 C01AA38 ISTANBUL
015 D01AA38 TURKEY
015 E04AA38 X
015 A00AA39 STATE STREET BANK & TRUST CO.
015 B00AA39 S
015 C01AA39 LONDON
015 D01AA39 UNITED KINGDOM
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 MONTEVIDEO
015 D01AA40 URUGUAY
015 E04AA40 X
015 A00AA41 CITIBANK, N.A.
015 B00AA41 S
015 C01AA41 CARACAS
015 D01AA41 VENEZUELA
015 E04AA41 X
015 A00AA42 CITIBANK BUDAPEST
015 B00AA42 S
015 C01AA42 BUDAPEST
015 D01AA42 HUNGARY
015 E04AA42 X
015 A00AA43 BANK HAPOALIM
015 B00AA43 S
015 C01AA43 TEL AVIV
015 D01AA43 ISRAEL
015 E04AA43 X
015 A00AA44 CITIBANK, N.A. LIMA
015 B00AA44 S
015 C01AA44 LIMA
015 D01AA44 PERU
015 E04AA44 X
015 A00AA45 THE HONG KONG AND SHANGHAI BANKING CO.
015 B00AA45 S
015 C01AA45 SHANGHAI & SHENZHEN
<PAGE> PAGE 7
015 D01AA45 CHINA
015 E04AA45 X
015 A00AA46 STATE STREET LONDON LIMITED
015 B00AA46 S
015 C01AA46 LONDON
015 D01AA46 ENGLAND
015 E04AA46 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 65
019 C00AA00 SCUDDERKEM
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001 118
020 A000002 GOLDMAN, SACHS & CO.
020 B000002 13-5108880
020 C000002 57
020 A000003 J.P. MORGAN SECURITIES
020 B000003 13-3224016
020 C000003 21
020 A000004 LEHMAN BROTHERS SECURITIES
020 C000004 17
020 A000005 DEUTSCHE BANK CAPITAL
020 B000005 13-6124068
020 C000005 8
020 A000006 SMITH BARNEY SHEARSON
020 B000006 13-1912900
020 C000006 6
020 A000007 SWISS BANK
020 B000007 13-2639550
020 C000007 5
020 A000008 DEUTSCHE MORGAN GRENFELL
020 B000008 13-2730828
020 C000008 4
020 A000009 SALOMON BROTHERS
020 B000009 13-3082694
020 C000009 4
020 A000010 ROBERTSON, STEPHENS & COMPANY
020 C000010 3
021 000000 243
022 A000001 DONALDSON LUF & JEN FIXED INC.
022 B000001 13-5033225
022 C000001 2565388
022 D000001 0
022 A000002 STATE STREET BANK
022 B000002 04-1867445
022 C000002 2140989
022 D000002 570
022 A000003 SALOMON BROTHERS
022 B000003 13-3082694
022 C000003 547820
<PAGE> PAGE 8
022 D000003 30574
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 150062
022 D000004 119166
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005 102128
022 D000005 94238
022 A000006 J.P. MORGAN SECURITIES
022 B000006 13-3224016
022 C000006 110240
022 D000006 64536
022 A000007 SWISS BANK
022 B000007 13-2639550
022 C000007 70895
022 D000007 51191
022 A000008 THE FIRST BOSTON CORPORATION
022 C000008 47662
022 D000008 33502
022 A000009 BEAR, STEARNS & CO.
022 B000009 13-3299429
022 C000009 52991
022 D000009 10173
022 A000010 GENERAL ELECTRIC CREDIT CORP.
022 B000010 13-1500700
022 C000010 59908
022 D000010 0
023 C000000 5848083
023 D000000 403950
026 A000000 N
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077 A000000 Y
083 A00AA00 N
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084 A00AA00 N
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085 B00AA00 N
028 A010100 35260
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<PAGE> PAGE 9
028 B020100 0
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028 B040100 17167
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028 C020100 9305
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049 000100 N
050 000100 N
051 000100 N
052 000100 N
053 A000100 Y
062 A000100 Y
062 B000100 0.0
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064 A000100 N
064 B000100 N
<PAGE> PAGE 10
071 A000100 673545
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<PAGE> PAGE 11
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<PAGE> PAGE 12
028 H000200 0
045 000200 Y
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Income
Fund Semiannual Report for the fiscal year ended 6/30/98 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> SCUDDER INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 751,610,985
<INVESTMENTS-AT-VALUE> 761,760,813
<RECEIVABLES> 50,413,040
<ASSETS-OTHER> 10,720
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 812,184,573
<PAYABLE-FOR-SECURITIES> 36,695,619
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,335,691
<TOTAL-LIABILITIES> 38,031,310
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 756,202,846
<SHARES-COMMON-STOCK> 57,333,513
<SHARES-COMMON-PRIOR> 51,662,855
<ACCUMULATED-NII-CURRENT> 621,921
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,178,668
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,149,828
<NET-ASSETS> 774,153,263
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 25,750,024
<OTHER-INCOME> 0
<EXPENSES-NET> 3,765,611
<NET-INVESTMENT-INCOME> 21,984,413
<REALIZED-GAINS-CURRENT> 9,085,836
<APPREC-INCREASE-CURRENT> (7,783,677)
<NET-CHANGE-FROM-OPS> 23,286,572
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (21,362,492)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 11,517,160
<NUMBER-OF-SHARES-REDEEMED> (7,279,658)
<SHARES-REINVESTED> 1,433,156
<NET-CHANGE-IN-ASSETS> 78,897,546
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (1,907,168)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2,188,567
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4,278,692
<AVERAGE-NET-ASSETS> 738,727,080
<PER-SHARE-NAV-BEGIN> 13.46
<PER-SHARE-NII> 0.40
<PER-SHARE-GAIN-APPREC> 0.03
<PER-SHARE-DIVIDEND> (0.39)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 13.50
<EXPENSE-RATIO> 1.03
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Balanced Fund Semiannual Report for the six months ended 6/30/98 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> SCUDDER BALANCED FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 154,464,366
<INVESTMENTS-AT-VALUE> 201,424,632
<RECEIVABLES> 4,488,800
<ASSETS-OTHER> 1,595
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 205,915,027
<PAYABLE-FOR-SECURITIES> 2,643,714
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 602,631
<TOTAL-LIABILITIES> 3,246,345
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 149,474,005
<SHARES-COMMON-STOCK> 10,834,511
<SHARES-COMMON-PRIOR> 9,416,710
<ACCUMULATED-NII-CURRENT> 116,906
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,117,505
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 46,960,266
<NET-ASSETS> 202,668,682
<DIVIDEND-INCOME> 517,500
<INTEREST-INCOME> 2,508,634
<OTHER-INCOME> 0
<EXPENSES-NET> 1,051,549
<NET-INVESTMENT-INCOME> 1,974,585
<REALIZED-GAINS-CURRENT> 6,227,537
<APPREC-INCREASE-CURRENT> 13,133,707
<NET-CHANGE-FROM-OPS> 21,335,829
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,963,338)
<DISTRIBUTIONS-OF-GAINS> (798,328)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,389,582
<NUMBER-OF-SHARES-REDEEMED> (1,119,139)
<SHARES-REINVESTED> 147,358
<NET-CHANGE-IN-ASSETS> 43,956,774
<ACCUMULATED-NII-PRIOR> 105,659
<ACCUMULATED-GAINS-PRIOR> 688,296
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 623,985
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,155,790
<AVERAGE-NET-ASSETS> 179,757,612
<PER-SHARE-NAV-BEGIN> 16.85
<PER-SHARE-NII> 0.20
<PER-SHARE-GAIN-APPREC> 1.93
<PER-SHARE-DIVIDEND> (0.19)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.71
<EXPENSE-RATIO> 1.18
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
