U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
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1. Name and address of issuer:
Scudder Investment Trust
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Two International Place
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Boston, MA 02110
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2. Name of each series or class of funds for which this notice is filed:
Scudder Growth and Income Fund
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3. Investment Company Act File Number:
811-43
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Securities Act File Number:
2-13628
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4. Last day of fiscal year for which this notice is filed:
December 31, 1996
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5. Check box if this notice is being filed more than 180 days after the close
of the issuer's fiscal year for purposes of reporting securities sold after
the close of the fiscal year but before termination of the issuer's 24f-2
declaration:
[ ]
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6. Date of termination of issuer's declaration under Rule 24f-2(a)(1), if applicable (see
Instruction A.6):
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7. Number and amount of securities of the same class or series which had been
registered under the Securities Act of 1933 other than pursuant to Rule
24f-2 in a prior fiscal year, but which remained unsold at the beginning of
the fiscal year:
Number: 0
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Amount: 0
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8. Number and amount of securities registered during the fiscal year other than pursuant to Rule 24f-2:
Number: 0
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Amount: 0
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9. Number and aggregate sale price of securities sold during the fiscal year:
Number: 51,282,565
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Aggregate Sale Price: $1,116,527,351
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10. Number and aggregate sale price of securities sold during the fiscal year
in reliance upon registration pursuant to Rule 24f-2:
Number: 51,282,565
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Aggregate Sale Price: $1,116,527,351
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11. Number and aggregate sale price of securities issued during the fiscal year
in connection with dividend reinvestment plans, if applicable (see
Instruction B.7):
Number: 9,848,328
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Aggregate Sale Price: $224,992,117
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12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on Rule 24f-2 (from Item 10): $1,116,527,351
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(ii) Aggregate price of shares issued in connection with
dividend reinvestment plans (from Item 11, if +$224,992,117
applicable):
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(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable): -$698,530,847
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(iv) Aggregate price of shares redeemed or repurchased and
previously applied as a reduction to filing fees
pursuant to Rule 24e-2 (if applicable): +0
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(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on Rule 24f-2
(line (i), plus line (ii), less line (iii), plus line $642,988,621
(iv)) (if applicable):
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(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x1/3300
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(vii) Fee due (line (i) or line (v) multiplied by line $194,845.03
(vi)):
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Instruction: Issuers should complete lines (ii), (iii), (iv), and (v) only if the form is being filed within 60
days after the close of the issuer's fiscal year. See Instruction C.3.
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13. Check box if fees are being remitted to the Commission's lockbox depository as described in
section 3a of the Commission's Rules of Informal and Other Procedures (17 CFR 202.3a). [ ]
Date of mailing or wire transfer of filing fees to the Commission's lockbox
depository:
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SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)*: /s/
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Thomas F. McDonough, Secretary
Date: February 7, 1997
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*Please print the name and title of the signing officer below the signature.
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LAW OFFICES OF
DECHERT PRICE & RHOADS
TEN POST OFFICE SQUARE - SOUTH
BOSTON, MA 02109-4603
TELEPHONE: (617) 728-7100
FAX: (617) 426-6567
February 19, 1997
Scudder Investment Trust, on behalf of
Scudder Growth and Income Fund
Two International Place
Boston, MA 02110
Re: Rule 24f-2 Notice
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Gentlemen:
Scudder Investment Trust, formerly Scudder Growth and Income Fund, (the
"Trust") is a trust created under a written Declaration of Trust dated September
20, 1984, and executed and delivered in Boston, Massachusetts, which Declaration
has been subsequently amended by an Amended and Restated Declaration of Trust
dated November 3, 1987 (as further amended, the "Declaration of Trust"). The
beneficial interest thereunder is represented by transferable shares with a par
value of $.01 per share (the "Shares"). The Trustees have the powers set forth
in the Declaration of Trust, subject to the terms, provisions and conditions
therein provided.
We are of the opinion that all legal requirements have been complied
with in the creation of the Trust and that said Declaration of Trust is legal
and valid.
Under Article V, Section 5.4 of the Declaration of Trust, the Trustees
are empowered, in their discretion, from time to time, to issue Shares for such
amount and type of consideration at such time or times and on such terms as the
Trustees may deem best. Under Article V, Section 5.1, it is provided that the
number of Shares authorized to be issued under the Declaration of Trust is
unlimited. Under Article V, Section 5.11, the Trustees may authorize the
division of Shares into two or more series. By written instrument dated February
12, 1991, the Trustees divided the Shares into two series: Scudder Growth and
Income Fund and Scudder Quality Growth Fund.
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Scudder Investment Trust, on behalf
of Scudder Growth and Income Fund
February 19, 1997
Page Two
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By votes adopted on November 14, 1995 and November 5, 1996, the
Trustees of the Trust authorized the President, any Vice President, the
Secretary, and the Treasurer, from time to time, to determine the appropriate
number of Shares to be registered, to register with the Securities and Exchange
Commission, and to issue and sell to the public, such Shares.
We understand that you are about to file a Notice pursuant to Rule
24f-2 under the Investment Company Act of 1940, as amended, making definite the
registration of 61,130,893 Shares (of which 9,848,328 Shares were issued in
connection with dividend reinvestment plans) of the Scudder Growth and Income
Fund series of the Trust sold in reliance upon said Rule 24f-2 during the fiscal
year ended December 31, 1996.
We are of the opinion that all necessary Trust action precedent to the
issue of said 61,130,893 Shares was duly taken. We are of the further opinion
that all such Shares were legally and validly issued, fully paid and
nonassessable by the Trust. In rendering the opinion expressed in the preceding
sentence, we rely on certification by an officer of the Trust that the Trust or
its agent received consideration for such Shares in accordance with the
provisions of the Declaration of Trust, and we assume that the sale of such
Shares was effected in compliance with the Securities Act of 1933, the
Investment Company Act of 1940, and applicable state laws regulating the sale of
securities.
We consent to your filing this opinion with the Securities and Exchange
Commission together with the Rule 24f-2 Notice referred to above.
Very truly yours,
/s/Dechert Price & Rhoads
