<PAGE> PAGE 1
000 B000000 12/31/1999
000 C000000 088063
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
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 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, INC.
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
<PAGE> PAGE 2
008 D04AA01 4103
010 A00AA01 SCUDDER FUND ACCOUNTING CORPORATION
010 B00AA01 none
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
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 02110
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.
<PAGE> PAGE 3
015 B00AA04 S
015 C01AA04 SYDNEY
015 D01AA04 AUSTRALIA
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
<PAGE> PAGE 4
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
015 E04AA14 X
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
<PAGE> PAGE 5
015 D01AA24 MEXICO
015 E04AA24 X
015 A00AA25 MEESPIERSON N.V.
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
<PAGE> PAGE 6
015 E04AA34 X
015 A00AA35 UNION BANK OF SWITZERLAND
015 B00AA35 S
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 ENGLAND
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
<PAGE> PAGE 7
015 A00AA45 THE HONG KONG AND SHANGHAI BANKING CO.
015 B00AA45 S
015 C01AA45 SHANGHAI & SHENZHEN
015 D01AA45 CHINA
015 E04AA45 X
015 A00AA46 STATE STREET LONDON LIMITED
015 B00AA46 S
015 C01AA46 LONDON
015 D01AA46 ENGLAND
015 E04AA46 X
015 A00AA47 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA47 S
015 C01AA47 GABORONE
015 D01AA47 BOTSWANA
015 E04AA47 X
015 A00AA48 BARCLAYS BANK PLC
015 B00AA48 S
015 C01AA48 NICOSIA
015 D01AA48 CYPRUS
015 E04AA48 X
015 A00AA49 CESKOSLOVENSKA OBCHODNI BANKA
015 B00AA49 S
015 C01AA49 PRAGUE
015 D01AA49 CZECH REPUBLIC
015 E04AA49 X
015 A00AA50 BARCLAYS BANK OF GHANA LIMITED
015 B00AA50 S
015 C01AA50 ACCRA
015 D01AA50 GHANA
015 E04AA50 X
015 A00AA51 BARCLAYS BANK OF KENYA LIMITED
015 B00AA51 S
015 C01AA51 NAIROBI
015 D01AA51 KENYA
015 E04AA51 X
015 A00AA52 CITIBANK POLAND S.A.
015 B00AA52 S
015 C01AA52 WARSAW
015 D01AA52 POLAND
015 E04AA52 X
015 A00AA53 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA53 S
015 C01AA53 JOHANNESBURG
015 D01AA53 SOUTH AFRICA
015 E04AA53 X
015 A00AA54 BARCLAYS BANK OF SWAZILAND LIMITED
015 B00AA54 S
015 C01AA54 MBABANE
015 D01AA54 SWAZILAND
015 E04AA54 X
015 A00AA55 BARCLAYS BANK OF ZAMBIA LIMITED
<PAGE> PAGE 8
015 B00AA55 S
015 C01AA55 LUSAKA
015 D01AA55 ZAMBIA
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA56 S
015 C01AA56 HARARE
015 D01AA56 ZIMBABWE
015 E04AA56 X
015 A00AA57 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA57 S
015 C01AA57 BRATISLAVA
015 D01AA57 SLOVAK REPUBLIC
015 E04AA57 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 84
019 C00AA00 SCUDDERKEM
020 A000001 PIPER JAFFRAY & HOPWOOD
020 B000001 41-0953246
020 C000001 20
020 A000002 VOLPE COVINGTON
020 C000002 17
020 A000003 GOLDMAN, SACHS & CO
020 B000003 13-5108880
020 C000003 16
020 A000004 PACIFIC GROWTH
020 C000004 8
020 A000005 DONALDSON LUFKIN
020 B000005 13-2741729
020 C000005 8
020 A000006 WILLIAM BLAIR AND COMPANY
020 C000006 7
020 A000007 ESI
020 B000007 13-2518466
020 C000007 6
020 A000008 S G WAGBUG AND COMPANY INC.
020 B000008 13-3243112
020 C000008 5
020 A000009 OPPENHEIMER & COMPANY
020 B000009 13-2798343
020 C000009 4
020 A000010 PRUDENTAIL SECURITIES INC.
020 B000010 22-2347336
020 C000010 4
021 000000 159
022 A000001 STATE STREET BANK
022 B000001 04-1867445
022 C000001 2861542
022 D000001 0
022 A000002 FIRST CHICAGO CAPITAL MARKETS
<PAGE> PAGE 9
022 B000002 36-3595942
022 C000002 276963
022 D000002 0
022 A000003 DONALDSON LUFKIN AND JEN FIXED INC
022 B000003 13-2741729
022 C000003 258050
022 D000003 0
022 A000004 MERRILL LYNCH
022 B000004 13-5674085
022 C000004 89448
022 D000004 13798
022 A000005 GOLDMAN, SACHS & CO.
022 B000005 13-5108880
022 C000005 39688
022 D000005 13790
022 A000006 CREDIT SUISSE FIRST BOSTON
022 B000006 13-5659485
022 C000006 20080
022 D000006 3802
022 A000007 S G WARBUG & COMPANY
022 B000007 13-3243112
022 C000007 19721
022 D000007 3028
022 A000008 SALOMON BROTHERS
022 B000008 13-3082694
022 C000008 9753
022 D000008 6141
022 A000009 J.P. MORGAN SECURITIES
022 B000009 13-3224016
022 C000009 3728
022 D000009 8217
022 A000010 PAINE WEBBER
022 B000010 13-2638166
022 C000010 6586
022 D000010 4536
023 C000000 3608607
023 D000000 66130
024 00AA00 N
025 D00AA01 0
025 D00AA02 0
025 D00AA03 0
025 D00AA04 0
025 D00AA05 0
025 D00AA06 0
025 D00AA07 0
025 D00AA08 0
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
<PAGE> PAGE 10
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 N
030 A00AA00 0
030 B00AA00 0.00
030 C00AA00 0.00
031 A00AA00 0
031 B00AA00 0
032 00AA00 0
033 00AA00 0
034 00AA00 N
035 00AA00 0
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 N
040 00AA00 N
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 0
043 00AA00 0
044 00AA00 0
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 N
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 Y
054 I00AA00 N
054 J00AA00 Y
054 K00AA00 N
054 L00AA00 N
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 N
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
<PAGE> PAGE 11
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 2500
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
028 A010200 56963
028 A020200 2
028 A030200 0
028 A040200 22216
028 B010200 21436
028 B020200 1
028 B030200 0
028 B040200 5228
028 C010200 188725
028 C020200 1475
028 C030200 0
028 C040200 8505
028 D010200 31364
028 D020200 1
028 D030200 0
028 D040200 14633
028 E010200 17258
028 E020200 0
028 E030200 0
028 E040200 22844
028 F010200 14437
028 F020200 2076
028 F030200 0
028 F040200 13462
028 G010200 330183
028 G020200 3555
028 G030200 0
028 G040200 86888
<PAGE> PAGE 12
028 H000200 0
045 000200 Y
046 000200 N
047 000200 Y
048 000200 0.700
048 A010200 0
048 A020200 0.000
048 B010200 0
048 B020200 0.000
048 C010200 0
048 C020200 0.000
048 D010200 0
048 D020200 0.000
048 E010200 0
048 E020200 0.000
048 F010200 0
048 F020200 0.000
048 G010200 0
048 G020200 0.000
048 H010200 0
048 H020200 0.000
048 I010200 0
048 I020200 0.000
048 J010200 0
048 J020200 0.000
048 K010200 0
048 K020200 0.000
049 000200 N
050 000200 N
051 000200 N
052 000200 N
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
063 A000200 0
063 B000200 0.0
<PAGE> PAGE 13
066 A000200 Y
066 B000200 N
066 C000200 N
066 D000200 N
066 E000200 Y
066 F000200 N
066 G000200 N
067 000200 Y
068 A000200 N
068 B000200 N
069 000200 N
070 A010200 Y
070 A020200 Y
070 B010200 Y
070 B020200 N
070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 N
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 N
070 I010200 N
070 I020200 N
070 J010200 Y
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 N
070 M010200 Y
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 Y
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 725506
071 B000200 -462581
071 C000200 452376
071 D000200 102
<PAGE> PAGE 14
072 A000200 12
072 B000200 12328
072 C000200 1835
072 D000200 0
072 E000200 0
072 F000200 3325
072 G000200 0
072 H000200 0
072 I000200 2357
072 J000200 105
072 K000200 0
072 L000200 86
072 M000200 43
072 N000200 153
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 40
072 S000200 17
072 T000200 0
072 U000200 0
072 V000200 0
072 W000200 13
072 X000200 6139
072 Y000200 15
072 Z000200 8040
072AA000200 8108
072BB000200 0
072CC010200 43322
072CC020200 0
072DD010200 7947
072DD020200 0
072EE000200 267
073 A010200 0.3200
073 A020200 0.0000
073 B000200 0.0200
073 C000200 0.0000
074 A000200 1
074 B000200 10356
074 C000200 0
074 D000200 186216
074 E000200 0
074 F000200 374309
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 4021
074 M000200 5
074 N000200 574908
<PAGE> PAGE 15
074 O000200 0
074 P000200 341
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 2322
074 S000200 0
074 T000200 572245
074 U010200 27061
074 U020200 0
074 V010200 21.15
074 V020200 0.00
074 W000200 0.0000
074 X000200 14486
074 Y000200 0
075 A000200 0
075 B000200 474612
076 000200 0.00
080 A000200 ICI MUTUAL INSURANCE COMPANY
080 C000200 100000
081 A000200 Y
081 B000200 220
082 A000200 Y
082 B000200 100
083 A000200 N
083 B000200 0
084 A000200 N
084 B000200 0
085 A000200 Y
085 B000200 N
SIGNATURE JOHN MILLETTE
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Balanced Fund Annual Report for the fiscal year ended 12/31/1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Scudder Balanced Fund
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> DEC-31-1999
<INVESTMENTS-AT-COST> 468,879,219
<INVESTMENTS-AT-VALUE> 570,881,209
<RECEIVABLES> 4,020,783
<ASSETS-OTHER> 4,778
<OTHER-ITEMS-ASSETS> 1,479
<TOTAL-ASSETS> 574,908,249
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2,663,504
<TOTAL-LIABILITIES> 2,663,504
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 462,652,444
<SHARES-COMMON-STOCK> 27,060,834
<SHARES-COMMON-PRIOR> 13,918,098
<ACCUMULATED-NII-CURRENT> 98,712
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,491,599
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 102,001,990
<NET-ASSETS> 572,244,745
<DIVIDEND-INCOME> 1,835,255
<INTEREST-INCOME> 12,327,646
<OTHER-INCOME> 0
<EXPENSES-NET> 6,123,316
<NET-INVESTMENT-INCOME> 8,039,585
<REALIZED-GAINS-CURRENT> 8,108,433
<APPREC-INCREASE-CURRENT> 43,321,558
<NET-CHANGE-FROM-OPS> 59,469,576
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,947,317)
<DISTRIBUTIONS-OF-GAINS> (267,261)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 419,195,389
<NUMBER-OF-SHARES-REDEEMED> (170,166,182)
<SHARES-REINVESTED> 8,054,647
<NET-CHANGE-IN-ASSETS> 308,338,852
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> (344,266)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3,325,085
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 6,138,649
<AVERAGE-NET-ASSETS> 474,612,151
<PER-SHARE-NAV-BEGIN> 18.96
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 2.20
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.34)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 21.15
<EXPENSE-RATIO> 1.29
</TABLE>
REPORT OF INDEPENDENT ACCOUNTANTS
To the Trustees of Scudder Portfolio Trust and the Shareholders of Scudder
Balanced Fund:
In planning and performing our audit of the financial statements of Scudder
Balanced Fund, a series of Scudder Portfolio Trust, (the "Fund"), for the year
ended December 31, 1999, we considered its internal control, including control
activities for safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the financial statements
and to comply with the requirements of Form N-SAR, not to provide assurance on
internal control.
The management of the Fund is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use, or disposition.
Because of inherent limitations in internal control, errors or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that controls may become inadequate
because of changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk that misstatements caused by error or fraud in amounts that would be
material in relation to the financial statements being audited may occur and not
be detected within a timely period by employees in the normal course of
performing their assigned functions. However, we noted no matters involving
internal control and its operation, including controls for safeguarding
securities, that we consider to be material weaknesses as defined above as of
December 31, 1999.
This report is intended solely for the information and use of the Trustees,
management, and the Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than the specified parties.
/s/PricewaterhouseCoopers LLP
Boston, Massachusetts
February 11, 2000
