SCUDDER PORTFOLIO TRUST/
24F-2NT, 1998-05-07
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549


                                   Form 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2


- -------- -----------------------------------------------------------------------
1.       Name and address of issuer:

                                   Scudder Portfolio Trust
                                   Two International Place
                                   Boston, MA  02110

- -------- -----------------------------------------------------------------------
2.       The name of each series or class of  securities  for which this Form is
         filed  (If the  Form is being  filed  for all  series  and  classes  of
         securities  of the  issuer,  check  the box but do not list  series  or
         classes):

                          Scudder High Yield Bond Fund


- -------- -----------------------------------------------------------------------
3.       Investment Company Act File Number:   811-42



         Securities Act File Number:    2-13627



- -------- -----------------------------------------------------------------------
4(a).   Last day of fiscal year for which this Form is filed: February 28, 1998



         Note: If the Form is being filed late, interest must be paid on the 
               registration fee due.
- -------- -----------------------------------------------------------------------
4(b).    Check box if this Form is being filed late (i.e., more than 90 calendar
         days after the end of the issuer's fiscal year).  (See Instruction A.2)




- -------- -----------------------------------------------------------------------
4(c).    Check box if this is the last time the issuer will be filing this Form.





- -------- -----------------------------------------------------------------------


<PAGE>


<TABLE>
<CAPTION>
         <S>     <C>                                                               <C>                 <C>

- -------- ---------------------------------------------------------------------- ----------------------- ------------------
5. Calculation of registration fee:

         (i)     Aggregate sale price of securities sold during the
                 fiscal year pursuant to section 24(f):                                                  $134,929,336

         (ii)    Aggregate price of securities redeemed or
                 repurchased during the fiscal year:                                 $ 37,271,126

         (iii)   Aggregate price of securities  redeemed or repurchased during any
                 prior  fiscal year ending no earlier  than  October 11, 1995 that
                 were not previously used to reduce registration fees payable
                 to the commission:                                                   $ 0

         (iv)    Total available redemption credits [add items 5(ii) and 5(iii)]:                       -$ 37,271,126

         (v)     Net sales - if item 5(i) is greater than item 5(iv)
                 [subtract item 5(iv) from item 5(I)]:                                                   $ 97,658,210

         (vi)    Redemption credits available for use in future years
                 - if item 5(i) is less than item 5(iv) [subtract item 5(iv)          $  (0)
                 from item 5(i)]:

         (vii)   Multiplier for  determining  registration  fee (See  Instruction
                 C.9x: 0.000295

         (viii)  Registration  fee due  [multiply  item  5(v) by item  5(vii)]
                 (enter "0" if no fee is due): =$28,809.17

- -------- ---------------------------------------------------------------------- ----------------------- ------------------
6.       Prepaid Shares

         If the response to item 5(i) was determined by deducting an amount
         of securities that were registered under the Securities Act of 1933
         pursuant to rule 24e-2 as in effect before October 11, 1997, then
         report the amount of securities (number of shares or other units)
         deducted here:  0  .  If there is a number of shares or other units
         that were registered pursuant to rule 24e-2 remaining unsold at the
         end of the fiscal year for which this form is filed that are
         available for use by the issuer in future fiscal years, then state      ________________
         that number here:

- -------- ---------------------------------------------------------------------- ----------------------- ------------------
7.       Interest due - if this Form is being filed more than 90 days after
         the end of the issuer's fiscal year (see Instruction D):                                        +$ 0

- -------- ---------------------------------------------------------------------- ----------------------- ------------------
8.       Total of the amount of the registration fee due plus any interest
         due [line 5(viii) plus line 7]:                                                                 =$28,809.17

- -------- ---------------------------------------------------------------------- ----------------------- ------------------
9.       Date the registration fee and any interest payment was sent to the
         Commission's lockbox depository:                                        _________________

         Method of Delivery:
                                       Wire Transfer
                                       Mail or other means
- -------- ---------------------------------------------------------------------- ----------------------- ------------------
</TABLE>
<PAGE>


                                   SIGNATURES


This  report has been  signed  below by the  following  persons on behalf of the
issuer and in the capacities and on the dates indicated.


By (Signature and Title) /s/Thomas F. McDonough
                         -----------------------------------
                           Thomas F. McDonough
                           Vice President, Secretary and Treasurer

Date:  May 7, 1998






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