SCUDDER INVESTMENT TRUST
497, 1998-03-06
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SCUDDER                                                      [logo]

Scudder Classic Growth Fund

Supplement to Prospectus
Dated January 1, 1998

Effective  April 16,  1998,  Scudder  Classic  Growth Fund (the  "Fund") will no
longer be widely available.  Shareowners of funds in the Scudder Family of Funds
as of April 15,  1998,  their  immediate  family  members  residing  at the same
address and the following groups will continue to be eligible to purchase shares
of the Fund on a no-load basis:

o  Certain retirement, employee stock, bonus, pension and profit sharing plans;

o  Any accounts  managed or advised by Scudder  Kemper  Investments,  Inc.  (the
   "Adviser");

o  Certain partnership and corporate shareholders and other eligible groups;

o  Clients of registered  investment advisers ("RIAs") and registered  certified
   financial  planners ("CFPs") invested in funds in the Scudder Family of Funds
   as of April 15, 1998.

In addition, other RIAs and CFPs who have clients participating in comprehensive
fee programs may enter into an agreement with the Adviser to purchase  shares on
a no-load basis.


February 20, 1998


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