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.
64-9-16
Scudder
Growth and
Income Fund
Fund Profile
January 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:
* plan to hold your investment for several years,
* can tolerate fluctuations in share price,
* have or plan to have other investments for the benefit of
diversification, and
* 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>
<S> <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
Sales Commission None average daily net assets. Figures below
Commissions to Reinvest are for the fiscal year ended December
Dividends None 31, 1994, restated to reflect what
Redemption Fee None expenses the Fund would have paid for the
Exchange Fee None fiscal year under the Investment
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.
BAR CHART TITLE: Total Returns for years
ended December 31:
CHART DATA:
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%
The Fund's Average Annual Total Return for the period ended
December 31, 1995
One Year Five Years Ten Years
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31.18% 16.91% 13.97%
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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:
* professional service from representatives who can answer your
questions and execute your transactions
* automated toll-free touchtone access to account information, share
prices and yields, and to perform transactions
* Scudder's quarterly shareholder newsletter, At the Helm
* regular, informative reports about the performance of your Fund
