<PAGE> PAGE 1
000 A000000 06/30/98
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002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
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007 A000000 Y
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007 C030100 N
007 C010200 2
007 C020200 SCUDDER S&P 500 INDEX FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C020500 SCUDDER REAL ESTATE INVESTMENT FUND
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007 C011700 17
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008 A00AA01 SCUDDER KEMPER INVESTMENTS
008 B00AA01 A
<PAGE> PAGE 2
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
008 D04AA01 2267
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
011 C03AA01 02110
011 C04AA01 4103
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
012 C04AA01 2291
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 GRUNTAL & CO., INC.
014 B00AA02 8-31022
014 A00AA03 GMS GROUP LLC (A GRUNTAL AFFILIATE)
014 B00AA03 8-23936
014 A00AA04 ZURICH CAPITAL MARKETS
014 B00AA04 8-49827
014 A00AA05 BANK HANDLOWY
014 B00AA05 8-24613
014 A00AA06 KEMPER DISTRIBUTORS, INC.
014 B00AA06 8-47765
015 A00AA01 DELETE
015 A00AA02 STATE STREET BANK AND TRUST COMPANY
015 B00AA02 C
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015 A00AA03 CITIBANK, N.A.
015 B00AA03 S
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015 A00AA04 WESTPAC BANKING CORPORATION
015 B00AA04 S
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<PAGE> PAGE 3
015 B00AA05 S
015 C01AA05 VIENNA
015 D01AA05 AUSTRIA
015 E04AA05 X
015 A00AA06 GENERALE BANK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BANKBOSTON, N.A.
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015 C01AA07 SAO PAULO
015 D01AA07 BRAZIL
015 E04AA07 X
015 A00AA08 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA08 S
015 C01AA08 TORONTO
015 D01AA08 CANADA
015 E04AA08 X
015 A00AA09 CITIBANK, N.A.
015 B00AA09 S
015 C01AA09 SANTIAGO
015 D01AA09 CHILE
015 E04AA09 X
015 A00AA10 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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015 C01AA10 BOGOTA
015 D01AA10 COLOMBIA
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015 E04AA11 X
015 A00AA12 MERITA BANK LIMITED
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015 C01AA12 HELSINKI
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015 E04AA12 X
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015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 DRESDNER BANK AG
015 B00AA14 S
015 C01AA14 FRANKFURT
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015 E04AA14 X
015 A00AA15 NATIONAL BANK OF GREECE
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<PAGE> PAGE 4
015 C01AA15 ATHENS
015 D01AA15 GREECE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
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015 E04AA16 X
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015 A00AA18 STANDARD CHARTERED BANK
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015 C01AA18 JAKARTA
015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
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015 D01AA19 IRELAND
015 E04AA19 X
015 A00AA20 BANQUE PARIBAS
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<PAGE> PAGE 5
015 D01AA26 THE NETHERLANDS
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015 A00AA28 CHRISTIANIA BANK OG KREDITKASSE
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015 A00AA29 DEUTSCHE BANK, AG
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015 D01AA29 PAKISTAN
015 E04AA29 X
015 A00AA30 CITIBANK, N.A.
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015 C01AA30 LIMA
015 D01AA30 PERU
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015 A00AA31 STANDARD CHARTERED BANK
015 B00AA31 S
015 C01AA31 MANILA
015 D01AA31 PHILIPPINES
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<PAGE> PAGE 6
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015 A00AA38 UNION BANK OF SWITZERLAND
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<PAGE> PAGE 7
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015 A00AA57 BARCLAYS BANK OF KENYA LTD.
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015 A00AA59 THE BANK OF BERMUDA LIMITED
<PAGE> PAGE 8
015 B00AA59 S
015 C01AA59 HAMILTON
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015 A00AA61 CESKOSLOVENSKA OBCHODNA BANKA
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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074 D000200 0
074 E000200 0
074 F000200 51650
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 666
074 M000200 34
074 N000200 52350
074 O000200 0
074 P000200 17
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 237
074 S000200 0
074 T000200 52096
074 U010200 3447
074 U020200 0
074 V010200 15.11
074 V020200 0.00
074 W000200 0.0000
074 X000200 0
074 Y000200 0
075 A000200 0
075 B000200 33297
076 000200 0.00
018 000300 Y
019 A000300 Y
019 B000300 65
019 C000300 SCUDDERKEM
024 000300 N
028 A010300 0
<PAGE> PAGE 19
028 A020300 0
028 A030300 0
028 A040300 0
028 B010300 0
028 B020300 0
028 B030300 0
028 B040300 0
028 C010300 0
028 C020300 0
028 C030300 0
028 C040300 0
028 D010300 19760
028 D020300 0
028 D030300 0
028 D040300 248
028 E010300 1047
028 E020300 0
028 E030300 0
028 E040300 158
028 F010300 1198
028 F020300 185
028 F030300 0
028 F040300 286
028 G010300 22005
028 G020300 185
028 G030300 0
028 G040300 692
028 H000300 0
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.800
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
<PAGE> PAGE 20
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
059 000300 Y
060 A000300 Y
060 B000300 Y
061 000300 2500
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
066 A000300 Y
066 B000300 N
066 C000300 N
066 D000300 N
066 E000300 Y
066 F000300 N
066 G000300 N
067 000300 N
068 A000300 N
068 B000300 N
069 000300 Y
070 A010300 N
070 A020300 N
070 B010300 N
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 N
<PAGE> PAGE 21
070 D020300 N
070 E010300 N
070 E020300 N
070 F010300 N
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 N
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 N
070 J020300 N
070 K010300 N
070 K020300 N
070 L010300 N
070 L020300 N
070 M010300 N
070 M020300 N
070 N010300 N
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 N
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 21124
071 B000300 0
071 C000300 19088
071 D000300 0
072 A000300 3
072 B000300 27
072 C000300 321
072 D000300 0
072 E000300 0
072 F000300 36
072 G000300 0
072 H000300 0
072 I000300 58
072 J000300 12
072 K000300 0
072 L000300 13
072 M000300 9
072 N000300 15
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 7
<PAGE> PAGE 22
072 S000300 5
072 T000300 0
072 U000300 1
072 V000300 0
072 W000300 3
072 X000300 159
072 Y000300 103
072 Z000300 293
072AA000300 0
072BB000300 0
072CC010300 0
072CC020300 1144
072DD010300 214
072DD020300 0
072EE000300 0
073 A010300 0.1200
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 1
074 B000300 0
074 C000300 330
074 D000300 0
074 E000300 0
074 F000300 19980
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 6
074 L000300 152
074 M000300 11
074 N000300 20480
074 O000300 0
074 P000300 0
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 45
074 S000300 0
074 T000300 20435
074 U010300 1800
074 U020300 0
074 V010300 11.35
074 V020300 0.00
074 W000300 0.0000
074 X000300 3261
074 Y000300 0
075 A000300 0
075 B000300 18774
<PAGE> PAGE 23
076 000300 0.00
010 A000501 SCUDDER FUND ACCOUNTING CORPORATION
010 C010501 BOSTON
010 C020501 MA
010 C030501 02110
010 C040501 4103
062 A000500 N
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 0.0
062 M000500 0.0
062 N000500 0.0
062 O000500 0.0
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 0.0
066 A000500 Y
066 B000500 N
066 C000500 N
066 D000500 N
066 E000500 Y
066 F000500 N
066 G000500 N
067 000500 N
068 A000500 N
068 B000500 N
069 000500 Y
070 A010500 Y
070 A020500 Y
070 B010500 Y
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 Y
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 Y
070 F020500 N
070 G010500 Y
070 G020500 N
<PAGE> PAGE 24
070 H010500 Y
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 N
070 M010500 Y
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 21124
071 B000500 0
071 C000500 19088
071 D000500 0
072 A000500 3
072 B000500 27
072 C000500 321
072 D000500 0
072 E000500 0
072 F000500 36
072 G000500 0
072 H000500 0
072 I000500 58
072 J000500 12
072 K000500 0
072 L000500 13
072 M000500 9
072 N000500 15
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 7
072 S000500 5
072 T000500 0
072 U000500 1
072 V000500 0
072 W000500 3
072 X000500 159
072 Y000500 103
<PAGE> PAGE 25
072 Z000500 293
072AA000500 0
072BB000500 0
072CC010500 0
072CC020500 1144
072DD010500 214
072DD020500 0
072EE000500 0
073 A010500 0.1200
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 1
074 B000500 0
074 C000500 330
074 D000500 0
074 E000500 0
074 F000500 19980
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 6
074 L000500 152
074 M000500 11
074 N000500 20480
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 45
074 S000500 0
074 T000500 20435
074 U010500 1800
074 U020500 0
074 V010500 11.35
074 V020500 0.00
074 W000500 0.0000
074 X000500 3261
074 Y000500 0
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Growth and Income Fund Semiannual report for the period ended 6/30/98 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> Scudder Growth and Income Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 6,179,271,493
<INVESTMENTS-AT-VALUE> 8,240,486,436
<RECEIVABLES> 52,042,857
<ASSETS-OTHER> 47,553
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 8,292,576,846
<PAYABLE-FOR-SECURITIES> 1,716,864
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 14,420,007
<TOTAL-LIABILITIES> 16,136,871
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,724,238,901
<SHARES-COMMON-STOCK> 280,511,814
<SHARES-COMMON-PRIOR> 250,081,688
<ACCUMULATED-NII-CURRENT> 12,849,462
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 478,211,997
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,061,139,615
<NET-ASSETS> 8,276,439,975
<DIVIDEND-INCOME> 106,562,071
<INTEREST-INCOME> 10,131,101
<OTHER-INCOME> 0
<EXPENSES-NET> 27,426,766
<NET-INVESTMENT-INCOME> 89,266,406
<REALIZED-GAINS-CURRENT> 477,624,831
<APPREC-INCREASE-CURRENT> 135,318,611
<NET-CHANGE-FROM-OPS> 702,209,848
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (82,233,345)
<DISTRIBUTIONS-OF-GAINS> (65,759,899)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 50,730,045
<NUMBER-OF-SHARES-REDEEMED> (24,878,964)
<SHARES-REINVESTED> 4,579,045
<NET-CHANGE-IN-ASSETS> 1,442,855,853
<ACCUMULATED-NII-PRIOR> 5,816,401
<ACCUMULATED-GAINS-PRIOR> 66,347,065
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17,251,564
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,426,766
<AVERAGE-NET-ASSETS> 7,861,601,307
<PER-SHARE-NAV-BEGIN> 27.33
<PER-SHARE-NII> 0.33
<PER-SHARE-GAIN-APPREC> 2.39
<PER-SHARE-DIVIDEND> (0.30)
<PER-SHARE-DISTRIBUTIONS> (0.25)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 29.50
<EXPENSE-RATIO> 0.70
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the S & P
500 Fund Semiannual Report for the six months ended 6/30/98 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> S & P 500 Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> JAN-01-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 51,650,302
<RECEIVABLES> 642,062
<ASSETS-OTHER> 23,767
<OTHER-ITEMS-ASSETS> 33,864
<TOTAL-ASSETS> 52,349,995
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253,925
<TOTAL-LIABILITIES> 253,925
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 46,979,103
<SHARES-COMMON-STOCK> 3,446,826
<SHARES-COMMON-PRIOR> 1,307,405
<ACCUMULATED-NII-CURRENT> (9,584)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 390,341
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 4,736,210
<NET-ASSETS> 52,096,070
<DIVIDEND-INCOME> 252,402
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 53,303
<NET-INVESTMENT-INCOME> 199,099
<REALIZED-GAINS-CURRENT> 247,499
<APPREC-INCREASE-CURRENT> 4,471,342
<NET-CHANGE-FROM-OPS> 4,917,940
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (209,729)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,900,975
<NUMBER-OF-SHARES-REDEEMED> (775,095)
<SHARES-REINVESTED> 13,541
<NET-CHANGE-IN-ASSETS> 35,183,794
<ACCUMULATED-NII-PRIOR> 1,046
<ACCUMULATED-GAINS-PRIOR> 142,842
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,597
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 193,390
<AVERAGE-NET-ASSETS> 33,296,513
<PER-SHARE-NAV-BEGIN> 12.94
<PER-SHARE-NII> 0.08
<PER-SHARE-GAIN-APPREC> 2.17
<PER-SHARE-DIVIDEND> (0.08)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.11
<EXPENSE-RATIO> 0.40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Real Estate Investment Fund Semiannual Report for the fiscal year ended 06/30/98
and is qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 5
<NAME> Scudder Real Estate Investment Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1998
<PERIOD-START> APR-06-1998
<PERIOD-END> JUN-30-1998
<INVESTMENTS-AT-COST> 21,453,522
<INVESTMENTS-AT-VALUE> 20,309,848
<RECEIVABLES> 152,071
<ASSETS-OTHER> 12,150
<OTHER-ITEMS-ASSETS> 6,425
<TOTAL-ASSETS> 20,480,494
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 45,005
<TOTAL-LIABILITIES> 45,005
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 21,499,536
<SHARES-COMMON-STOCK> 1,800,237
<SHARES-COMMON-PRIOR> 100
<ACCUMULATED-NII-CURRENT> 79,627
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,143,674)
<NET-ASSETS> 20,435,489
<DIVIDEND-INCOME> 321,362
<INTEREST-INCOME> 27,381
<OTHER-INCOME> 0
<EXPENSES-NET> 55,294
<NET-INVESTMENT-INCOME> 293,449
<REALIZED-GAINS-CURRENT> 0
<APPREC-INCREASE-CURRENT> (1,143,674)
<NET-CHANGE-FROM-OPS> (850,225)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (213,822)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1,844,047
<NUMBER-OF-SHARES-REDEEMED> (60,539)
<SHARES-REINVESTED> 16,629
<NET-CHANGE-IN-ASSETS> 20,434,289
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 35,696
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 158,660
<AVERAGE-NET-ASSETS> 18,774,349
<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> 0.17
<PER-SHARE-GAIN-APPREC> (0.70)
<PER-SHARE-DIVIDEND> (0.12)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.35
<EXPENSE-RATIO> 1.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
