[Image] Scudder Large Company Growth Fund Profile [Image]
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The fund profile, a supplement to the full prospectus, is designed as
an easy-to-read summary of fund risks, fees, and objectives. You can
click on any question to link to the Fund's prospectus and get more
information on that topic. Or, if you wish, you can proceed directly
to the Fund's prospectus. Once you have read the prospectus and
considered your investment goals, you can proceed to a Scudder Funds
application.
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Fund Profile
July 1, 1997
1. What Is The Fund's Objective?
Scudder Large Company Growth Fund seeks long-term growth of capital
through investment primarily in the equity securities of seasoned,
financially strong U.S. growth companies.
2. What Does The Fund Invest In?
The Fund invests at least 65% of its total assets in equity securities
issued by seasoned, financially strong large-sized U.S. growth
companies which are considered to be of above-average financial
quality. These equity securities consist of common stocks, preferred
stocks and securities convertible into common stocks. 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 (A+, A, or A-) or, if not ranked, are of equivalent quality as
determined by the Fund's investment adviser, Scudder, Stevens & Clark,
Inc. The Fund emphasizes well managed large-sized companies (those
with total market capitalization of $1 billion or more) 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.
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. The market value of common stock
can fluctuate significantly, reflecting the business performance of
the issuing company, investor perception and general economic or
financial market movements. You incur principal risk because your
shares, when sold, may be worth more or less than what you paid for
them.
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.
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 Large Company 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,
1996.
Investment management fee 0.70%
12b-1 fees None
Other expenses 0.37%
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Total Fund operating expenses 1.07%
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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
$11 $34 $59 $131
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.
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.
THE ORIGINAL VERSION CONTAINS A BAR CHART HERE:
BAR CHART TITLE: Total returns for years ended December 31:
CHART DATA:
1992 6.66%
1993 -0.01
1994 -1.34
1995 32.50
1996 18.22
One Year Five Years Life of Fund
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The Fund's Average Annual Total Return
for the period ended June 30, 1997 29.27% 16.77% 16.55%
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. The Fund is managed by a team of Scudder
investment professionals who each play an important role in the Fund's
management process.
Lead Portfolio Manager Valerie F. Malter joined Scudder in 1995 and is
responsible for the Fund's investment strategy and daily operation.
Ms. Malter has 11 years of experience as an analyst covering a wide
range of industries, and four years of portfolio management experience
focusing on the stocks of companies with medium- to large-sized market
capitalizations.
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 $2,500,
except that shareholders may open an account with at least $1,000 if
an automatic investment plan of $100/month is established. Scudder
retirement plans and certain other accounts have similar or lower
minimum share balance requirements. A shareholder who maintains an
account balance of less than $2,500 without establishing an automatic
investment plan, will be assessed an annual fee of $10.00, payable to
the Fund. Retirement accounts and certain other accounts will not be
assessed the $10.00 charge. You may also exchange Fund shares free of
charge within the Scudder Family of Funds.
9. How Can I Redeem Shares?
You may redeem shares at the current share price on any business day
by telephone, fax, or mail.
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.
Generally, dividends from net investment income are taxable to
investors as ordinary income. Long-term capital gains distributions,
if any, are taxable as long-term capital gains regardless of the
length of time shareholders have owned their shares. Short-term
capital gains and any other taxable distributions are taxable as
ordinary income. A portion of dividends from ordinary income may
qualify for the dividends-received deduction for corporations.
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, Scudder Perspectives
o regular, informative reports about the performance of your Fund
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[Image]Scudder wants you to make informed investment decisions. This
Fund Profile contains key information about the Fund. If you would
like more information before you invest, please consult the Fund's
accompanying prospectus. For details about the Fund's holdings or
recent investment strategies, please review the Fund's most recent
annual or semiannual report. The reports are free and may be ordered
by calling 1-800-225-2470.
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