<PAGE> PAGE 1
000 A000000 06/30/1999
000 C000000 088064
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
001 A000000 INVESTMENT TRUST
001 B000000 811-43
001 C000000 6172952567
002 A000000 TWO INTERNATIONAL PLACE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
002 D020000 4103
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 8
007 C010100 1
007 C020100 SCUDDER GROWTH AND INCOME FUND
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
007 C030500 N
007 C010600 6
007 C010700 7
007 C010800 8
007 C020800 SCUDDER DIVIDEND & GROWTH FUND
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007 C011000 10
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
<PAGE> PAGE 2
008 A00AA01 SCUDDER KEMPER INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
008 D04AA01 4103
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 02110
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
015 C01AA02 BOSTON
015 C02AA02 MA
015 C03AA02 02101
015 E01AA02 X
015 A00AA03 CITIBANK, N.A.
015 B00AA03 S
015 C01AA03 BUENOS AIRES
015 D01AA03 ARGENTINA
015 E04AA03 X
015 A00AA04 WESTPAC BANKING CORPORATION
015 B00AA04 S
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015 D01AA04 AUSTRALIA
<PAGE> PAGE 3
015 E04AA04 X
015 A00AA05 GIROCREDIT BANK AKTIENGESELLSCHAFT SPARKASSEN
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.
015 B00AA07 S
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
015 B00AA10 S
015 C01AA10 BOGOTA
015 D01AA10 COLOMBIA
015 E04AA10 X
015 A00AA11 DEN DANSKE BANK
015 B00AA11 S
015 C01AA11 COPENHAGEN
015 D01AA11 DENMARK
015 E04AA11 X
015 A00AA12 MERITA BANK LIMITED
015 B00AA12 S
015 C01AA12 HELSINKI
015 D01AA12 FINLAND
015 E04AA12 X
015 A00AA13 BANQUE PARIBAS
015 B00AA13 S
015 C01AA13 PARIS
015 D01AA13 FRANCE
015 E04AA13 X
015 A00AA14 DRESDNER BANK AG
015 B00AA14 S
015 C01AA14 FRANKFURT
015 D01AA14 GERMANY
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<PAGE> PAGE 4
015 A00AA15 NATIONAL BANK OF GREECE
015 B00AA15 S
015 C01AA15 ATHENS
015 D01AA15 GREECE
015 E04AA15 X
015 A00AA16 STANDARD CHARTERED BANK
015 B00AA16 S
015 C01AA16 HONG KONG
015 D01AA16 HONG KONG
015 E04AA16 X
015 A00AA17 CITIBANK BUDAPEST RT.
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015 C01AA17 BUDAPEST
015 D01AA17 HUNGARY
015 E04AA17 X
015 A00AA18 STANDARD CHARTERED BANK
015 B00AA18 S
015 C01AA18 JAKARTA
015 D01AA18 INDONESIA
015 E04AA18 X
015 A00AA19 BANK OF IRELAND
015 B00AA19 S
015 C01AA19 DUBLIN
015 D01AA19 IRELAND
015 E04AA19 X
015 A00AA20 BANQUE PARIBAS
015 B00AA20 S
015 C01AA20 MILAN
015 D01AA20 ITALY
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015 A00AA21 FUJI BANK, LIMITED
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015 C01AA23 SEOUL
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015 D01AA24 MALAYSIA
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015 A00AA25 CITIBANK MEXICO, S.A.
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<PAGE> PAGE 5
015 B00AA26 S
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015 D01AA26 THE NETHERLANDS
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015 A00AA27 ANZ BANKING GROUP LIMITED
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015 C01AA27 AUCKLAND
015 D01AA27 NEW ZEALAND
015 E04AA27 X
015 A00AA28 CHRISTIANIA BANK OG KREDITKASSE
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015 C01AA28 OSLO
015 D01AA28 NORWAY
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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
015 E04AA30 X
015 A00AA31 STANDARD CHARTERED BANK
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015 C01AA31 MANILA
015 D01AA31 PHILIPPINES
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015 A00AA32 BANCO COMMERCIAL PORTUGUES
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015 C01AA32 LISBON
015 D01AA32 PORTUGAL
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015 D01AA34 SPAIN
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015 A00AA36 HONG KONG & SHANGHAI BANKING CORP., LTD.
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<PAGE> PAGE 6
015 C01AA37 STOCKHOLM
015 D01AA37 SWEDEN
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015 A00AA38 UNION BANK OF SWITZERLAND
015 B00AA38 S
015 C01AA38 ZURICH
015 D01AA38 SWITZERLAND
015 E04AA38 X
015 A00AA39 CENTRAL TRUST OF CHINA
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015 C01AA39 TAIPEI
015 D01AA39 TAIWAN
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015 A00AA40 STANDARD CHARTERED BANK
015 B00AA40 S
015 C01AA40 BANGKOK
015 D01AA40 THAILAND
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015 A00AA41 CITIBANK, N.A.
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015 D01AA41 TURKEY
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015 A00AA42 STATE STREET BANK AND TRUST COMPANY
015 B00AA42 S
015 C01AA42 LONDON
015 D01AA42 UNITED KINGDOM
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015 A00AA44 CITIBANK, N.A.
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015 C01AA44 CARACAS
015 D01AA44 VENEZUELA
015 E04AA44 X
015 A00AA45 STANDARD CHARTERED BANK
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015 C01AA45 DHAKA
015 D01AA45 BANGLADESH
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015 A00AA46 BARCLAYS BANK OF BOTSWANA LIMITED
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015 C01AA46 GABORONE
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015 A00AA47 CESKOSLOVENSKA OBCHODNI BANKA A.S.
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015 C01AA47 PRAGUE
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<PAGE> PAGE 7
015 D01AA48 CHINA
015 E04AA48 X
015 A00AA49 BARCLAYS BANK OF GHANA LIMITED
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015 A00AA53 STANDARD BANK OF SOUTH AFRICA LTD.
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015 A00AA54 CITIBANK, N.A.
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015 A00AA57 BARCLAYS BANK OF KENYA LTD.
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015 A00AA58 BARCLAYS BANK OF SWAZILAND LTD.
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015 C01AA58 MBABANE
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<PAGE> PAGE 8
015 E04AA58 X
015 A00AA59 THE BANK OF BERMUDA LIMITED
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015 C01AA59 HAMILTON
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015 A00AA61 CESKOSLOVENSKA OBCHODNA BANKA
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<PAGE> PAGE 9
022 A000002 DONALDSON LUFKIN & JEN FIXED INC.
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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
070 R020100 N
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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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070 B010200 Y
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070 C010200 Y
070 C020200 N
070 D010200 Y
070 D020200 N
070 E010200 Y
070 E020200 N
070 F010200 Y
070 F020200 Y
070 G010200 Y
070 G020200 N
070 H010200 Y
070 H020200 Y
070 I010200 N
070 I020200 N
070 J010200 N
070 J020200 N
070 K010200 Y
070 K020200 N
070 L010200 Y
070 L020200 Y
070 M010200 N
070 M020200 N
070 N010200 Y
070 N020200 N
070 O010200 N
070 O020200 N
070 P010200 Y
070 P020200 N
070 Q010200 N
070 Q020200 N
070 R010200 N
070 R020200 N
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 6
072 B000200 0
072 C000200 1634
072 D000200 0
<PAGE> PAGE 19
072 E000200 0
072 F000200 105
072 G000200 0
072 H000200 0
072 I000200 450
072 J000200 13
072 K000200 0
072 L000200 15
072 M000200 13
072 N000200 23
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072 P000200 0
072 Q000200 0
072 R000200 7
072 S000200 5
072 T000200 0
072 U000200 3
072 V000200 0
072 W000200 2
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072 Y000200 300
072 Z000200 1298
072AA000200 0
072BB000200 93
072CC010200 23324
072CC020200 0
072DD010200 1164
072DD020200 0
072EE000200 0
073 A010200 0.1100
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 274019
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074 J000200 0
074 K000200 0
074 L000200 724
074 M000200 18
074 N000200 274761
074 O000200 0
074 P000200 0
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074 R010200 0
<PAGE> PAGE 20
074 R020200 0
074 R030200 0
074 R040200 926
074 S000200 0
074 T000200 273835
074 U010200 14938
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074 V010200 18.33
074 V020200 0.00
074 W000200 0.0000
074 X000200 19
074 Y000200 0
075 A000200 0
075 B000200 55836
076 000200 0.00
072 I000300 58
072 J000300 12
072 K000300 0
072 L000300 13
072 M000300 9
072 N000300 15
072 O000300 0
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072 Q000300 0
072 R000300 7
072 S000300 5
072 T000300 0
072 U000300 1
072 V000300 0
072 W000300 3
072 X000300 159
010 A000501 SCUDDER FUND ACCOUNTING CORPORATION
010 C010501 BOSTON
010 C020501 MA
010 C030501 02110
010 C040501 4103
024 000500 N
028 A010500 307
028 A020500 0
028 A030500 0
028 A040500 434
028 B010500 639
028 B020500 0
028 B030500 0
028 B040500 409
028 C010500 802
028 C020500 247
028 C030500 0
028 C040500 340
028 D010500 648
028 D020500 0
<PAGE> PAGE 21
028 D030500 0
028 D040500 1156
028 E010500 1106
028 E020500 0
028 E030500 0
028 E040500 767
028 F010500 148
028 F020500 278
028 F030500 0
028 F040500 602
028 G010500 3650
028 G020500 525
028 G030500 0
028 G040500 3708
028 H000500 0
037 000500 Y
038 000500 11
039 000500 N
040 000500 N
041 000500 N
045 000500 Y
046 000500 N
047 000500 Y
048 000500 0.800
048 A010500 0
048 A020500 0.000
048 B010500 0
048 B020500 0.000
048 C010500 0
048 C020500 0.000
048 D010500 0
048 D020500 0.000
048 E010500 0
048 E020500 0.000
048 F010500 0
048 F020500 0.000
048 G010500 0
048 G020500 0.000
048 H010500 0
048 H020500 0.000
048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
048 K020500 0.000
049 000500 N
050 000500 N
051 000500 N
052 000500 N
053 A000500 Y
<PAGE> PAGE 22
053 B000500 Y
058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 2500
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 N
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 23
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 4245
071 B000500 3785
071 C000500 17937
071 D000500 42
072 A000500 6
072 B000500 10
072 C000500 767
072 D000500 0
072 E000500 0
072 F000500 72
072 G000500 0
072 H000500 0
072 I000500 68
072 J000500 21
072 K000500 0
072 L000500 11
072 M000500 16
072 N000500 12
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 12
072 S000500 8
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072 U000500 1
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072 W000500 4
072 X000500 225
072 Y000500 113
<PAGE> PAGE 24
072 Z000500 664
072AA000500 0
072BB000500 1188
072CC010500 1556
072CC020500 0
072DD010500 600
072DD020500 0
072EE000500 0
073 A010500 0.3200
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 38
074 B000500 0
074 C000500 0
074 D000500 0
074 E000500 0
074 F000500 18921
074 G000500 0
074 H000500 0
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074 J000500 132
074 K000500 0
074 L000500 167
074 M000500 8
074 N000500 19266
074 O000500 0
074 P000500 119
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 152
074 S000500 0
074 T000500 18995
074 U010500 1873
074 U020500 0
074 V010500 10.14
074 V020500 0.00
074 W000500 0.0000
074 X000500 3
074 Y000500 0
075 A000500 0
075 B000500 18143
076 000500 0.00
010 A000801 SCUDDER FUND ACCOUNTING CORPORATION
010 C010801 BOSTON
010 C020801 MA
010 C030801 02110
010 C040801 4103
024 000800 N
<PAGE> PAGE 25
028 A010800 368
028 A020800 0
028 A030800 0
028 A040800 1355
028 B010800 258
028 B020800 0
028 B030800 0
028 B040800 984
028 C010800 426
028 C020800 126
028 C030800 0
028 C040800 952
028 D010800 452
028 D020800 0
028 D030800 0
028 D040800 1163
028 E010800 795
028 E020800 0
028 E030800 0
028 E040800 531
028 F010800 1039
028 F020800 127
028 F030800 0
028 F040800 532
028 G010800 3338
028 G020800 253
028 G030800 0
028 G040800 5517
028 H000800 0
037 000800 N
038 000800 0
039 000800 N
040 000800 N
041 000800 N
045 000800 Y
046 000800 N
047 000800 Y
048 000800 0.750
048 A010800 0
048 A020800 0.000
048 B010800 0
048 B020800 0.000
048 C010800 0
048 C020800 0.000
048 D010800 0
048 D020800 0.000
048 E010800 0
048 E020800 0.000
048 F010800 0
048 F020800 0.000
048 G010800 0
<PAGE> PAGE 26
048 G020800 0.000
048 H010800 0
048 H020800 0.000
048 I010800 0
048 I020800 0.000
048 J010800 0
048 J020800 0.000
048 K010800 0
048 K020800 0.000
049 000800 N
050 000800 N
051 000800 N
052 000800 N
053 A000800 Y
053 B000800 Y
058 A000800 N
059 000800 Y
060 A000800 Y
060 B000800 Y
061 000800 2500
062 A000800 N
062 B000800 0.0
062 C000800 0.0
062 D000800 0.0
062 E000800 0.0
062 F000800 0.0
062 G000800 0.0
062 H000800 0.0
062 I000800 0.0
062 J000800 0.0
062 K000800 0.0
062 L000800 0.0
062 M000800 0.0
062 N000800 0.0
062 O000800 0.0
062 P000800 0.0
062 Q000800 0.0
062 R000800 0.0
063 A000800 0
063 B000800 0.0
066 A000800 Y
066 B000800 N
066 C000800 N
066 D000800 N
066 E000800 Y
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
068 B000800 N
069 000800 N
<PAGE> PAGE 27
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
070 C010800 Y
070 C020800 N
070 D010800 Y
070 D020800 N
070 E010800 Y
070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 Y
070 H020800 N
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
070 K010800 Y
070 K020800 N
070 L010800 Y
070 L020800 Y
070 M010800 Y
070 M020800 N
070 N010800 Y
070 N020800 N
070 O010800 N
070 O020800 N
070 P010800 Y
070 P020800 N
070 Q010800 N
070 Q020800 N
070 R010800 N
070 R020800 N
071 A000800 7798
071 B000800 10476
071 C000800 23366
071 D000800 67
072 A000800 6
072 B000800 44
072 C000800 322
072 D000800 0
072 E000800 0
072 F000800 89
072 G000800 0
072 H000800 0
072 I000800 70
072 J000800 25
072 K000800 0
<PAGE> PAGE 28
072 L000800 7
072 M000800 12
072 N000800 27
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072 S000800 4
072 T000800 0
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072 X000800 252
072 Y000800 163
072 Z000800 277
072AA000800 0
072BB000800 27
072CC010800 2793
072CC020800 0
072DD010800 275
072DD020800 0
072EE000800 0
073 A010800 0.1400
073 A020800 0.0000
073 B000800 0.0000
073 C000800 0.0000
074 A000800 448
074 B000800 0
074 C000800 1010
074 D000800 3692
074 E000800 1269
074 F000800 18966
074 G000800 0
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074 N000800 25490
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074 R040800 7
074 S000800 0
074 T000800 25478
074 U010800 1997
074 U020800 0
<PAGE> PAGE 29
074 V010800 12.76
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074 Y000800 0
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075 B000800 23937
076 000800 0.00
SIGNATURE JOHN MILLETTE
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
S+P 500 Index Fund Semiannual Report for the period ended June 30, 1999 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> Scudder S+P 500 Index Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 235,874,575
<INVESTMENTS-AT-VALUE> 274,019,399
<RECEIVABLES> 723,590
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 18,095
<TOTAL-ASSETS> 274,761,084
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 926,298
<TOTAL-LIABILITIES> 926,298
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 240,253,291
<SHARES-COMMON-STOCK> 14,938,214
<SHARES-COMMON-PRIOR> 7,804,119
<ACCUMULATED-NII-CURRENT> 163,152
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (4,726,481)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 38,144,824
<NET-ASSETS> 273,834,786
<DIVIDEND-INCOME> 1,633,775
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 335,604
<NET-INVESTMENT-INCOME> 1,298,171
<REALIZED-GAINS-CURRENT> (92,836)
<APPREC-INCREASE-CURRENT> 23,323,887
<NET-CHANGE-FROM-OPS> 24,529,222
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (1,163,536)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 178,392,614
<NUMBER-OF-SHARES-REDEEMED> (56,687,249)
<SHARES-REINVESTED> 482,783
<NET-CHANGE-IN-ASSETS> 145,553,834
<ACCUMULATED-NII-PRIOR> 28,517
<ACCUMULATED-GAINS-PRIOR> (4,633,645)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 104,881
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 635,580
<AVERAGE-NET-ASSETS> 211,490,413
<PER-SHARE-NAV-BEGIN> 16.44
<PER-SHARE-NII> 0.11
<PER-SHARE-GAIN-APPREC> 1.87
<PER-SHARE-DIVIDEND> (0.09)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 18.33
<EXPENSE-RATIO> 0.40
</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 six months ended 6/30/99
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-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 20,154,341
<INVESTMENTS-AT-VALUE> 18,921,591
<RECEIVABLES> 299,005
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 46,371
<TOTAL-ASSETS> 19,266,967
<PAYABLE-FOR-SECURITIES> 150,000
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 121,472
<TOTAL-LIABILITIES> 271,472
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 22,019,198
<SHARES-COMMON-STOCK> 1,873,348
<SHARES-COMMON-PRIOR> 1,824,072
<ACCUMULATED-NII-CURRENT> 64,175
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,855,128)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,232,750)
<NET-ASSETS> 18,995,495
<DIVIDEND-INCOME> 766,820
<INTEREST-INCOME> 9,982
<OTHER-INCOME> 0
<EXPENSES-NET> 112,490
<NET-INVESTMENT-INCOME> 664,312
<REALIZED-GAINS-CURRENT> (1,187,807)
<APPREC-INCREASE-CURRENT> 1,556,397
<NET-CHANGE-FROM-OPS> 1,032,902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (600,137)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,650,389
<NUMBER-OF-SHARES-REDEEMED> (3,707,377)
<SHARES-REINVESTED> 525,340
<NET-CHANGE-IN-ASSETS> 901,117
<ACCUMULATED-NII-PRIOR> (0)
<ACCUMULATED-GAINS-PRIOR> (667,321)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 71,976
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 225,317
<AVERAGE-NET-ASSETS> 18,143,199
<PER-SHARE-NAV-BEGIN> 9.92
<PER-SHARE-NII> 0.36
<PER-SHARE-GAIN-APPREC> 0.17
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.32)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.14
<EXPENSE-RATIO> 1.25
</TABLE>
<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 6/30/99 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-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 5,377,471,484
<INVESTMENTS-AT-VALUE> 7,676,484,922
<RECEIVABLES> 65,598,117
<ASSETS-OTHER> 72,617
<OTHER-ITEMS-ASSETS> 851
<TOTAL-ASSETS> 7,742,156,507
<PAYABLE-FOR-SECURITIES> 3,490,931
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 32,071,435
<TOTAL-LIABILITIES> 35,562,366
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5,290,381,188
<SHARES-COMMON-STOCK> 264,679,710
<SHARES-COMMON-PRIOR> 288,145,757
<ACCUMULATED-NII-CURRENT> 6,764,598
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 110,288,879
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,299,159,476
<NET-ASSETS> 7,706,594,141
<DIVIDEND-INCOME> 98,663,227
<INTEREST-INCOME> 3,059,429
<OTHER-INCOME> 0
<EXPENSES-NET> 27,736,874
<NET-INVESTMENT-INCOME> 73,985,782
<REALIZED-GAINS-CURRENT> 112,384,836
<APPREC-INCREASE-CURRENT> 659,443,803
<NET-CHANGE-FROM-OPS> 845,814,421
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (74,821,328)
<DISTRIBUTIONS-OF-GAINS> (21,582,441)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 856,849,971
<NUMBER-OF-SHARES-REDEEMED> (1,572,648,050)
<SHARES-REINVESTED> 90,730,206
<NET-CHANGE-IN-ASSETS> 124,342,779
<ACCUMULATED-NII-PRIOR> 7,600,144
<ACCUMULATED-GAINS-PRIOR> 19,486,484
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 16,402,984
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 27,736,874
<AVERAGE-NET-ASSETS> 7,420,090,508
<PER-SHARE-NAV-BEGIN> 26.31
<PER-SHARE-NII> 0.27
<PER-SHARE-GAIN-APPREC> 2.90
<PER-SHARE-DIVIDEND> (0.28)
<PER-SHARE-DISTRIBUTIONS> (0.08)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 29.12
<EXPENSE-RATIO> 0.75
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Dividend & Growth Fund Semiannual Report for the six months ended 6/30/99 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 8
<NAME> Scudder Dividend & Growth Fund
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 22,564,406
<INVESTMENTS-AT-VALUE> 24,936,985
<RECEIVABLES> 103,621
<ASSETS-OTHER> 449,089
<OTHER-ITEMS-ASSETS> 155
<TOTAL-ASSETS> 25,489,850
<PAYABLE-FOR-SECURITIES> 5,004
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,394
<TOTAL-LIABILITIES> 11,398
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 23,990,646
<SHARES-COMMON-STOCK> 1,996,974
<SHARES-COMMON-PRIOR> 2,170,880
<ACCUMULATED-NII-CURRENT> 7,967
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (892,740)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 2,372,579
<NET-ASSETS> 25,478,452
<DIVIDEND-INCOME> 322,090
<INTEREST-INCOME> 43,626
<OTHER-INCOME> 0
<EXPENSES-NET> 89,040
<NET-INVESTMENT-INCOME> 276,676
<REALIZED-GAINS-CURRENT> (27,420)
<APPREC-INCREASE-CURRENT> 2,793,249
<NET-CHANGE-FROM-OPS> 3,042,505
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (274,972)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 3,337,505
<NUMBER-OF-SHARES-REDEEMED> (5,516,366)
<SHARES-REINVESTED> 253,144
<NET-CHANGE-IN-ASSETS> 841,816
<ACCUMULATED-NII-PRIOR> 6,261
<ACCUMULATED-GAINS-PRIOR> (865,321)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 89,020
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 251,628
<AVERAGE-NET-ASSETS> 23,937,062
<PER-SHARE-NAV-BEGIN> 11.35
<PER-SHARE-NII> 0.14
<PER-SHARE-GAIN-APPREC> 1.41
<PER-SHARE-DIVIDEND> (0.14)
<PER-SHARE-DISTRIBUTIONS> 0.00
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.76
<EXPENSE-RATIO> 0.75
</TABLE>
