<PAGE> PAGE 1
000 B000000 12/31/94
000 C000000 088064
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 SCUDDER INVESTMENT TRUST
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002 D020000 4103
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007 C020100 SCUDDER GROWTH AND INCOME FUND
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007 C010300 3
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007 C010500 5
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007 C010700 7
007 C010800 8
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008 A00AA01 SCUDDER, STEVENS & CLARK, INC.
008 B00AA01 A
008 C00AA01 801-252
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008 D02AA01 MA
008 D03AA01 02110
008 D04AA01 2267
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 36
019 C00AA00 SCUDDERRRR
020 A000001 GOLDMAN SACHS
020 C000001 193
020 A000002 LEHMAN BROS INC.
020 C000002 186
020 A000003 MERRILL LYNCH PIERCE FENNER
<PAGE> PAGE 2
020 C000003 185
020 A000004 NATWEST SECURITIES CORP.
020 C000004 170
020 A000005 FIRST BOSTON CORP.
020 C000005 169
020 A000006 BEAR, STEARNS & CO.
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020 A000007 SALOMON BROTHERS INC.
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020 A000008 SMITH BARNEY SHEARSON, INC.
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020 A000009 MORGAN STANLEY
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020 A000010 BROWN (ALEX) & SONS INC.
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021 000000 2573
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<PAGE> PAGE 3
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<PAGE> PAGE 4
015 C030101 02101
015 E010101 X
015 A000102 THE CHASE MANHATTAN BANK, N.A.
015 B000102 S
015 C010102 NEW YORK
015 C020102 NY
015 C030102 10005
015 E010102 X
015 A000103 THE CHASE MANHATTAN BANK, N.A.
015 B000103 S
015 C010103 BUENOS AIRES
015 D010103 ARGENTINA
015 E040103 X
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015 C010104 SYDNEY
015 D010104 AUSTRALIA
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015 D010105 AUSTRIA
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015 D010109 CHILE
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015 D010110 COLUMBIA
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<PAGE> PAGE 5
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015 A000112 KANSALLIS-OSAKE-PANKKI
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015 C010112 HELSINKI
015 D010112 FINLAND
015 E040112 X
015 A000113 BANQUE PARIBAS
015 B000113 S
015 C010113 PARIS
015 D010113 FRANCE
015 E040113 X
015 A000114 CHASE BANK A.G.
015 B000114 S
015 C010114 FRANKFURT
015 D010114 GERMANY
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<PAGE> PAGE 6
015 E040121 X
015 A000122 ARAB BANK PLC
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015 A000123 CITIBANK, N.A.
015 B000123 S
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015 A000124 THE CHASE MANHATTAN BANK, N.A.
015 B000124 S
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015 D010124 MALAYSIA
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015 C010125 MEXICO CITY
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015 A000126 ABN-AMRO BANK, N.V.
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015 A000127 NATIONAL NOMINEES, LIMITED
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<PAGE> PAGE 7
015 A000132 BANCO ESPIRITO SANTO E COMMERCIAL DE LISBOA
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015 A000133 THE CHASE MANHATTAN BANK, N.A.
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015 A000136 HONG KONG & SHANGHAI BANKING CORP., LTD.
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015 A000139 THE CHASE MANHATTAN BANK, N.A.
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015 A000140 THE CHASE MANHATTAN BANK, N.A.
015 B000140 S
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015 A000141 THE CHASE MANHATTAN BANK, N.A.
015 B000141 S
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<PAGE> PAGE 8
015 B000142 S
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015 D010142 UNITED KINGDOM
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015 D010143 UNITED KINGDOM
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015 A000144 CITIBANK, N.A.
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015 A000145 STANDARD CHARTERED BANK
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015 C010145 DHAKA
015 D010145 BANGLADESH
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015 A000146 BARCLAYS BANK OF BOTSWANA LIMITED
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015 A000147 CESKOSLOVENSKA OBCHODNI BANKA A.S.
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015 C010147 PRAGUE
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015 A000148 HONG KONG AND SHANGHAI BANKING CORP. LTD.
015 B000148 S
015 C010148 SHANGHAI
015 D010148 CHINA
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015 A000149 BARCLAYS BANK OF GHANA LIMITED
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015 C010149 GHANA
015 D010149 GHANA
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015 A000150 HONG KONG AND SHANGHAI BANKING CORP., LTD.
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015 A000151 BANK LEUMI LE-ISRAEL, B.M.
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015 A000152 CITIBANK POLAND S.A.
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<PAGE> PAGE 9
015 C010152 POLAND
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015 D010154 URUGUAY
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015 A000155 BARCLAYS BANK OF ZIMBABWE LTD.
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028 A010100 45922
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045 000100 Y
046 000100 N
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<PAGE> PAGE 10
048 A010100 500000
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070 A010100 Y
070 A020100 Y
070 B010100 Y
070 B020100 Y
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070 D020100 Y
070 E010100 Y
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070 F020100 N
070 G010100 Y
070 G020100 N
070 H010100 Y
070 H020100 N
070 I010100 Y
070 I020100 N
070 J010100 Y
070 J020100 Y
070 K010100 Y
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070 L010100 Y
070 L020100 Y
070 M010100 Y
070 M020100 Y
070 N010100 Y
070 N020100 Y
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<PAGE> PAGE 11
070 O020100 N
070 P010100 Y
070 P020100 N
070 Q010100 N
070 Q020100 N
070 R010100 N
070 R020100 N
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<PAGE> PAGE 12
074 D000100 54240
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074 R030100 0
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SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
Exhibit 77(B)
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors of Scudder Investment Trust,
and to the Shareholders of Scudder Growth and Income Fund:
In planning and performing our audit of the financial statements and
financial highlights of Scudder Growth and Income Fund (the Fund) for the
year ended December 31, 1994, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the
financial statements and financial highlights and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal
control structure.
The management of Scudder Growth and Income Fund is responsible for
establishing and maintaining an internal control structure. In fulfilling
this responsibility, estimates and judgments by management are required to
assess the expected benefits and related costs of internal control
structure policies and procedures. Two of the objectives of an internal
control structure are to provide management with reasonable, but not
absolute, assurance that assets are safeguarded against loss from
unauthorized use or disposition and that transactions are executed in
accordance with management's authorization and recorded properly to permit
preparation of financial statements in conformity with generally accepted
accounting principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also, projection of
any evaluation of the structure to future periods is subject to the risk
that it may become inadequate because of changes in conditions or that the
effectiveness of the design and operations may deteriorate.
Our consideration of the Fund's internal control structure would not
necessarily disclose all matters in the internal control structure 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 the specific internal control
structure elements does not reduce to a relatively low level the risk that
errors or irregularities in amounts that would be material in relation to
the financial statements and financial highlights 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 the internal control structure, including procedures for
safeguarding securities, that we consider to be material weaknesses, as
defined above, as of December 31, 1994.
This report is intended solely for the information and use of
management of Scudder Growth and Income Fund and the Securities and
Exchange Commission.
/s/COOPERS & LYBRAND L.L.P.
Boston, Massachusetts COOPERS & LYBRAND L.L.P.
February 3, 1995
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the
Scudder Growth and Income Fund Annual Report for the fiscal year ended
December 31, 1994 and is qualified in its entirety by reference to such
financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> SCUDDER GROWTH AND INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1994
<PERIOD-START> DEC-31-1993
<PERIOD-END> DEC-31-1994
<INVESTMENTS-AT-COST> 1,839,934,324
<INVESTMENTS-AT-VALUE> 1,995,167,893
<RECEIVABLES> 29,343,693
<ASSETS-OTHER> 957
<OTHER-ITEMS-ASSETS> 107,958,800
<TOTAL-ASSETS> 2,132,471,343
<PAYABLE-FOR-SECURITIES> 24,037,863
<SENIOR-LONG-TERM-DEBT> 0
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<TOTAL-LIABILITIES> 140,768,157
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<PAID-IN-CAPITAL-COMMON> 1,821,233,941
<SHARES-COMMON-STOCK> 122,454,972
<SHARES-COMMON-PRIOR> 94,183,009
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<NET-ASSETS> 1,991,703,186
<DIVIDEND-INCOME> 63,180,209
<INTEREST-INCOME> 7,709,950
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<EXPENSES-NET> 15,806,027
<NET-INVESTMENT-INCOME> 55,084,132
<REALIZED-GAINS-CURRENT> 110,478,324
<APPREC-INCREASE-CURRENT> (124,874,829)
<NET-CHANGE-FROM-OPS> 40,687,627
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (55,549,751)
<DISTRIBUTIONS-OF-GAINS> (104,186,389)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38,072,976
<NUMBER-OF-SHARES-REDEEMED> (18,185,224)
<SHARES-REINVESTED> 8,384,211
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
