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SCUDDER [LOGO] Scudder Real Estate Investment Fund Supplement to Prospectus Dated March 2, 1998 The following supplements the information under A team approach to investing under "Shareholder benefits" on page 16-17. Effective May 1, 1998, the positions of Philip S. Fortuna and Jennifer P. Carter are Co-Lead Portfolio Managers of the Fund. May 1, 1998
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