U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and address of issuer:
Scudder Investment Trust
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Two International Place
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Boston, MA 02110-4103
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2. Name of each series or class of funds for which this notice is filed:
Scudder Growth and Income Fund
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3. Investment Company Act File Number:
811-43
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Securities Act File Number:
2-13628
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4. Last day of fiscal year for which this notice is filed:
12-31-95
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5. Check box if this notice is being filed more than 180 days after the close of the issuer's fiscal year for
purposes of reporting securities sold after the close of the fiscal year but before termination of the
issuer's 24f-2 declaration:
[ ]
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see
Instruction A.6):
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7. Number and amount of securities of the same class or series which had been registered under the Securities Act
of 1933 other than pursuant to Rule 24f-2 in a prior fiscal year, but which remained unsold at the beginning
of the fiscal year:
Number: 0
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Amount: $0
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8. Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:
Number: 0
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Amount: $0
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9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 45,610,829
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Aggregate Sale Price: $829,474,858
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10. Number and aggregate sale price of securities sold during the fiscal year in reliance upon registration
pursuant to Rule 24f-2:
Number: 45,610,829
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Aggregate Sale Price: $829,474,858
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11. Number and aggregate sale price of securities issued during the fiscal year in connection with dividend
reinvestment plans, if applicable (see Instruction B.7):
Number: 6,927,513
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Aggregate Sale Price: $133,306,288
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on Rule 24f-2 (from Item 10): $829,474,858
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if +$133,306,288
applicable):
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): - $434,428,526
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees
pursuant to Rule 24e-2 (if applicable): +$0
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(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on Rule 24f-2
(line (i), plus line (ii), less line (iii), plus line $528,352,620
(iv)) (if applicable):
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/2900
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(vii) Fee due (line (i) or line (v) multiplied by line $182,190.56
(vi)):
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if the form is being filed within 60
days after the close of the issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox depository as described in
section 3a of the Commission's Rules of Informal and Other Procedures (17 CFR 202.3a). [ x ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox 2/26/96
depository:
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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
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Thomas F. McDonough, Secretary
Date: 2/26/96
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*Please print the name and title of the signing officer below the signature.
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REPORT OF INDEPENDENT ACCOUNTANTS
To the Trustees of Scudder Investment Trust, and the Shareholders of Scudder
Growth & Income Fund:
In planning and performing our audit of the financial statements and
financial highlights of Scudder Growth & Income Fund for the year ended December
31, 1995, 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 & 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 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, 1995.
This report is intended solely for the information and use of management of
Scudder Growth & Income Fund and the Securities and Exchange Commission.
/s/COOPERS & LYBRAND L.L.P.
Boston, Massachusetts COOPERS & LYBRAND L.L.P.
February 2, 1996
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