SCUDDER
Scudder Dividend and
Growth Fund
Supplement to Prospectus
Dated May 1, 1999
The following information replaces the listing of portfolio managers in the
"Portfolio management" section of the Prospectus:
Joined
Name the Responsibilities
and Title Fund and Background
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Kathleen T. 1999 Ms. Millard joined the Adviser in 1991 as a portfolio
Millard manager. Ms. Millard began her investment career in
Lead 1983.
Manager
Nicholas 1998 Mr. Anisimov joined the Adviser in 1987 as an
Anisimov analyst. Mr. Anisimov joined the fund as a portfolio
Manager manager in 1998. Mr. Anisimov is the senior analyst
responsible for the research of convertible
securities for the Adviser.
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October 20, 1999
