SCUDDER INVESTMENT TRUST
497, 1997-04-04
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                            SCUDDER INVESTMENT TRUST
                              
           Supplement to the Statement of Additional Information dated
                               September 9, 1996.
                              
     The following text replaces the text under  "Financial  Statements" on page
48.

                              FINANCIAL STATEMENTS

     The financial  statements and notes,  including the investment portfolio of
the Fund,  together with the Financial  Highlights  dated February 28, 1997, are
incorporated by reference and attached hereto,  and are hereby deemed to be part
of the Statement of Additional Information.







March 27, 1997


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