Scudder
Quality Growth
Fund
Fund Profile
April 1, 1996
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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 (after expense maintenance) --
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.
A BAR CHART WAS INSERTED BELOW WITH THE FOLLOWING CAPTION:
Total returns for years
ended December 31:
THE FOLLOWING DATA SHOWS THE INFORMATION IN THE BAR CHART:
1992 6.66%
1993 -0.01
1994 -1.34
1995 32.50
One Year Life of Fund
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The Fund's Average Annual Total Return
for the period ended March 31, 1996 29.14% 13.85%
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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.
