SCUDDER
Scudder Growth and
Income Fund
Supplement to Prospectus
Dated March 1, 1999
The following replaces the second full paragraph under "Main investment
strategies" on page 1 of the fund's prospectus:
In managing its portfolio, the fund considers both yield and other valuation and
growth factors, meaning that it focuses its investments on securities of
companies whose dividends and earnings prospects are believed to be attractive
relative to the fund's benchmark index, the Standard & Poor's 500 Composite
Stock Price Index. The fund may sell securities if their yield or growth
prospects are expected to be below the benchmark average. Typically, companies
that meet these criteria are large. The fund invests primarily in U.S.
companies, but may also invest in the equity securities of foreign companies.
The following replaces the first full paragraph under "Risk management
strategies" on page 1 of the fund's prospectus:
The fund manages risk by diversifying widely among industries and companies. It
also invests primarily in dividend-paying stocks, the prices of which have
historically tended to fall less in down markets.
June 30, 1999
