Scudder
Quality Growth
Fund
Fund Profile
July 1, 1996
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Scudder Quality Growth Fund
1. What Is The Fund's Objective?
Scudder Quality Growth Fund seeks long-term growth of
capital through investment primarily in the equity
securities of seasoned, financially strong U.S. growth
companies.
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2. What Does The Fund Invest In?
The Fund invests at least 65% of its total assets in the
equity securities of seasoned, financially strong U.S.
growth companies. The common stocks in which the Fund
invests qualify, at the time of purchase, for one of the
three highest equity ranking categories of Standard &
Poor's or, if not ranked, are of equivalent quality as
determined by Scudder. The Fund emphasizes well managed
medium- to large-sized companies with prospects for above
average growth in earnings, cash flow or assets relative
to the overall market as defined by the S&P 500.
The Fund generally emphasizes investments in U.S.
companies, although it may invest in foreign securities
that meet the same criteria as the Fund's domestic
holdings.
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3. What Are The Risks Of Investing In The Fund?
Movements of the stock market will affect the Fund's share
price, which is likely to vary from day to day. The value
of your investment may decline as a result of declines in
the overall stock market or in the types of securities
held in the Fund's portfolio. In rising markets, the types
of stocks emphasized in the Fund may underperform other
sectors of the stock market.
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4. For Whom Is This Fund Appropriate?
You may wish to consider this Fund if you are seeking
long-term growth of capital and:
o plan to hold your investment for several years,
o can tolerate fluctuations in share price,
o have or plan to have other investments for the
benefit of diversification, and
o understand the risks of stock market investing
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5. What Are The Fund's Expenses And Fees?
There are two kinds of expenses that a shareholder may
incur, directly or indirectly, by investing in a mutual
fund. These types of expenses, as they relate to Scudder
Quality Growth Fund are:
Shareholder transaction expenses --
Expenses charged directly to your account for various
transactions.
Sales Commission None
Commissions to Reinvest Dividends None
Redemption Fee None
Exchange Fee None
Annual Fund operating expenses --
Expenses paid by the Fund before it distributes its
net investment income, expressed as a percentage of
the Fund's average daily net assets. Figures below
are for the fiscal year ended October 31, 1995.
Investment management fee 0.70%
12b-1 fees None
Other expenses 0.47%
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Total Fund operating expenses 1.17%
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Example:
Assuming a 5% annual return and redemption at the end
of each period, the total expenses relating to a
$1,000 investment would be:
1 Year 3 Years 5 Years 10 Years
------ ------- ------- --------
$12 $37 $64 $142
This example assumes reinvestment of all dividends and
distributions and that the total Fund operating expenses
listed above remain the same each year. This example
should not be considered a representation of past or
future expenses or return. Actual Fund expenses and return
vary from year to year and may be higher or lower than
those shown. Please note that there is a $5 service fee if
you request redemption proceeds via wire.
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6. How Has The Fund Performed Historically?
This chart shows how the Fund has performed since it
commenced operations on May 15, 1991, assuming
reinvestment of all distributions. Performance is
historical and may not be indicative of future results.
Total return and principal value will fluctuate.
BAR CHART TITLE: Total returns for years ended December 31:
CHART DATA: 1992 6.66%
1993 -0.01%
1994 -1.34%
1995 32.50%
<TABLE>
<CAPTION>
One Year Life of Fund
--------------------------
<S> <C> <C>
The Fund's Average Annual Total Return
for the period ended June 30, 1996 24.02% 14.23%
</TABLE>
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7. Who Manages The Fund?
The Fund's investment adviser is Scudder, Stevens & Clark,
Inc., a leading provider of U.S. and international
investment management for clients throughout the world.
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8. How Can I Invest?
To make it easy for you to open an account, you may invest
by mail, phone, fax, or in person. The minimum initial
investment is only $1,000. Thereafter, additional
investments may be made for as little as $100. You may
also exchange Fund shares free of charge within the
Scudder Family of Funds.
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9. How Can I Redeem Shares?
You may redeem shares at the current share price on any
business day by telephone, fax, or mail.
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10. When Are Distributions Made?
The Fund typically makes dividends and capital gains
distributions, if any, in December. You may elect to
receive distributions in cash or have them reinvested in
additional shares of the Fund.
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11. What Services Does Scudder Provide?
As a shareholder, you'll enjoy:
o professional service from representatives who can answer your questions
and execute your transactions
o automated toll-free touchtone access to account information, share
prices and yields, and to perform transactions
o Scudder's quarterly shareholder newsletter, Perspectives
o regular, informative reports about the performance of your Fund
Scudder wants you to make informed investment decisions. This Fund
Profile contains key information about Scudder Quality Growth Fund. More
details appear in the Fund's accompanying prospectus. Please read it
carefully before you invest. If you have any questions, please call
1-800-225-2470.
