Scudder
Growth and
Income Fund
Fund Profile
April 1, 1996
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Scudder Growth and Income Fund
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1. What Are The Fund's Objectives?
Scudder Growth and Income Fund seeks long-term growth of
capital, current income, and growth of income.
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2. What Does The Fund Invest In?
The Fund invests primarily in stocks and securities
convertible into stocks of companies which offer the
prospect for growth of earnings while paying current
dividends. Over time, continued growth of earnings tends
to lead to higher dividends and enhancement of capital
value.
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. 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 combined with the potential
for current income 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
Growth and Income Fund, are:
<TABLE>
<CAPTION>
<C> <C>
Shareholder transaction expenses -- fees Annual Fund operating expenses --
charged directly to your account for fees paid by the Fund before it
various transactions. distributes its net investment income,
expressed as a percentage of the Fund's
average daily net assets. Figures below
Sales Commission None are for the fiscal year ended December
Commissions to Reinvest 31, 1994, restated to reflect what
Dividends None expenses the Fund would have paid for the
Redemption Fee None fiscal year under the Investment
Exchange Fee None Management Agreement dated August 9,
1994, if the agreement had been in effect
for the entire fiscal year.
Investment management fee 0.53%
12b-1 fees None
Other expenses 0.32%
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Total Fund operating expenses 0.85%
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Example: Assuming a 5% annual return and One Year $9
redemption at the end of each period, the Three Years $27
total expenses relating to a $1,000 Five Years $47
investment would be: Ten Years $105
</TABLE>
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 over the past
ten years, assuming reinvestment of all distributions.
Performance is historical and may not be indicative of
future results. Total return and principal value will
fluctuate.
Total returns for years ended December 31:
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1986 18.27%
1987 3.50%
1988 12.01%
1989 26.36%
1990 -2.33%
1991 28.16%
1992 9.57%
1993 15.59%
1994 2.60%
1995 31.18%
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The Fund's Average Annual Total Return
for the period ended March 31, 1996
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One Year 30.84%
Five Year 15.93%
Ten Years 12.96%
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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 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 dividend distributions in April,
July, October, and December. Capital gain distributions,
if any, will be made in November or 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 Growth and Income 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.
