SCUDDER INVESTMENT TRUST
497, 1998-02-20
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Scudder Growth and Income Fund

Supplement to Prospectus
Dated May 1, 1997

On February 10, 1998, the Board of Trustees of Scudder Investment Trust voted to
change  the  dividend  distribution  dates of Scudder  Growth  and Income  Fund.
Dividends will be paid quarterly to shareholders in March,  June,  September and
December. This change will become effective March 1998.

February 10, 1998


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