INVESTMENT TRUST
497, 1998-09-28
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SCUDDER [LOGO]

Scudder Classic Growth Fund

Supplement to Prospectus
Dated April 16, 1998

The following  supplements  the  information  under A team approach to investing
under "Shareholder benefits" on page 16.

The position of William F. Gadsden has been changed from Lead Portfolio  Manager
to co-Lead  Portfolio  Manager.  The position of Bruce F. Beaty has been changed
from Portfolio Manager to co-Lead Portfolio Manager.

September 25, 1998


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