SCUDDER                                                          [LOGO]



Scudder Classic Growth Fund

Supplement to Prospectus
Dated September 9, 1996
As Revised March 27, 1997


Until  December 31, 1997,  the Fund's  investment  adviser,  Scudder,  Stevens &
Clark, Inc., has agreed to continue to maintain the total annualized expenses of
the Fund at not more than 1.25% of average daily net assets of the Fund.

August 31, 1997



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