<PAGE> PAGE 1
000 A000000 02/28/99
000 C000000 088064
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 INVESTMENT TRUST
001 B000000 811-43
001 C000000 6172952559
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 C010200 2
007 C010300 3
007 C020300 CLASSIC GROWTH FUND
007 C030300 N
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A00AA01 SCUDDER KEMPER INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-252
008 D01AA01 BOSTON
008 D02AA01 MA
008 D03AA01 02110
008 D04AA01 2267
010 A00AA01 SCUDDER FUND ACCOUNTING CORPORATION
010 C01AA01 BOSTON
010 C02AA01 MA
010 C03AA01 02110
010 C04AA01 4106
011 A00AA01 SCUDDER INVESTOR SERVICES, INC.
011 B00AA01 8-298
011 C01AA01 BOSTON
011 C02AA01 MA
<PAGE> PAGE 2
011 C03AA01 02110
011 C04AA01 4103
012 A00AA01 SCUDDER SERVICE CORPORATION
012 B00AA01 84-1489
012 C01AA01 BOSTON
012 C02AA01 MA
012 C03AA01 02107
013 A00AA01 PRICEWATERHOUSECOOPERS LLP
013 B01AA01 BOSTON
013 B02AA01 MA
013 B03AA01 02109
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 KEMPER DISTRIBUTORS, INC.
014 B00AA02 8-47765
014 A00AA03 GRUNTAL SECURITIES, INC.
014 B00AA03 8-31022
014 A00AA04 THE GMS GROUP, INC.
014 B00AA04 8-23936
014 A00AA05 ZURICH CAPITAL MARKETS
014 B00AA05 8-49827
014 A00AA06 BANK HANDLOWY
014 B00AA06 8-24613
015 A00AA01 STATE STREET BANK AND TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02101
015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
015 B00AA02 S
015 C01AA02 BUENOS AIRES
015 D01AA02 ARGENTINA
015 E04AA02 X
015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK AKTIENGESELLSCHAFT DER SPARKA
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 GENERALE BANK
015 B00AA05 S
015 C01AA05 BRUSSELS
015 D01AA05 BELGIUM
015 E04AA05 X
015 A00AA06 BANKBOSTON, N.A.
015 B00AA06 S
<PAGE> PAGE 3
015 C01AA06 SAO PAULO
015 D01AA06 BRAZIL
015 E04AA06 X
015 A00AA07 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA07 S
015 C01AA07 TORONTO
015 D01AA07 CANADA
015 E04AA07 X
015 A00AA08 CITIBANK, N.A.
015 B00AA08 S
015 C01AA08 SANTIAGO
015 D01AA08 CHILE
015 E04AA08 X
015 A00AA09 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B00AA09 S
015 C01AA09 BOGOTA
015 D01AA09 COLOMBIA
015 E04AA09 X
015 A00AA10 DEN DANSKE BANK
015 B00AA10 S
015 C01AA10 COPENHAGEN
015 D01AA10 DENMARK
015 E04AA10 X
015 A00AA11 MERITA BANK LIMITED
015 B00AA11 S
015 C01AA11 HELSINKI
015 D01AA11 FINLAND
015 E04AA11 X
015 A00AA12 BANQUE PARIBAS
015 B00AA12 S
015 C01AA12 PARIS
015 D01AA12 FRANCE
015 E04AA12 X
015 A00AA13 DRESDNER BANK AG
015 B00AA13 S
015 C01AA13 FRANKFURT
015 D01AA13 GERMANY
015 E04AA13 X
015 A00AA14 NATIONAL BANK OF GREECE
015 B00AA14 S
015 C01AA14 ATHENS
015 D01AA14 GREECE
015 E04AA14 X
015 A00AA15 STANDARD CHARTERED BANK
015 B00AA15 S
015 C01AA15 HONG KONG
015 D01AA15 CHINA
015 E04AA15 X
015 A00AA16 DEUTSCHE BANK AG
015 B00AA16 S
015 C01AA16 BOMBAY
<PAGE> PAGE 4
015 D01AA16 INDIA
015 E04AA16 X
015 A00AA17 STANDARD CHARTERED BANK
015 B00AA17 S
015 C01AA17 JAKARTA
015 D01AA17 INDONESIA
015 E04AA17 X
015 A00AA18 BANK OF IRELAND
015 B00AA18 S
015 C01AA18 DUBLIN
015 D01AA18 IRELAND
015 E04AA18 X
015 A00AA19 BANQUE PARIBAS
015 B00AA19 S
015 C01AA19 MILAN
015 D01AA19 ITALY
015 E04AA19 X
015 A00AA20 THE FUJI BANK, LIMITED
015 B00AA20 S
015 C01AA20 TOKYO
015 D01AA20 JAPAN
015 E04AA20 X
015 A00AA21 CITIBANK, N.A.
015 B00AA21 S
015 C01AA21 SEOUL
015 D01AA21 KOREA
015 E04AA21 X
015 A00AA22 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B00AA22 S
015 C01AA22 KUALA LUMPUR
015 D01AA22 MALAYSIA
015 E04AA22 X
015 A00AA23 CITIBANK, N.A.
015 B00AA23 S
015 C01AA23 MEXICO CITY
015 D01AA23 MEXICO
015 E04AA23 X
015 A00AA24 MEESPIERSON N.V.
015 B00AA24 S
015 C01AA24 AMSTERDAM
015 D01AA24 NETHERLANDS
015 E04AA24 X
015 A00AA25 ANZ BANKING GROUP LIMITED
015 B00AA25 S
015 C01AA25 WELLINGTON
015 D01AA25 NEW ZEALAND
015 E04AA25 X
015 A00AA26 CHRISTIANA BANKOG KREDITKASSE
015 B00AA26 S
015 C01AA26 OLSO
015 D01AA26 NORWAY
<PAGE> PAGE 5
015 E04AA26 X
015 A00AA27 DEUTSCHE BANK A.G.
015 B00AA27 S
015 C01AA27 KARACHI
015 D01AA27 PAKISTAN
015 E04AA27 X
015 A00AA28 STANDARD CHARTERED BANK
015 B00AA28 S
015 C01AA28 MANILA
015 D01AA28 PHILIPPINES
015 E04AA28 X
015 A00AA29 BANCO COMERCIAL PORTUGUES
015 B00AA29 S
015 C01AA29 LISBON
015 D01AA29 PORTUGAL
015 E04AA29 X
015 A00AA30 THE DEVELOPMENT BANK OF SINGAPORE, LTD.
015 B00AA30 S
015 C01AA30 SINGAPORE
015 D01AA30 SINGAPORE
015 E04AA30 X
015 A00AA31 BANCO SANTANDER S.A.
015 B00AA31 S
015 C01AA31 MADRID
015 D01AA31 SPAIN
015 E04AA31 X
015 A00AA32 THE HONGKONG AND SHANGAI BANKING CO. LTD
015 B00AA32 S
015 C01AA32 COLOMBO
015 D01AA32 SRI LANKA
015 E04AA32 X
015 A00AA33 SKANDINAVISKA ENSKILDA BANKEN
015 B00AA33 S
015 C01AA33 STOCKHOLM
015 D01AA33 SWEDEN
015 E04AA33 X
015 A00AA34 UNION BANK OF SWITZERLAND
015 B00AA34 S
015 C01AA34 ZURICH
015 D01AA34 SWITZERLAND
015 E04AA34 X
015 A00AA35 CENTRAL TRUST OF CHINA
015 B00AA35 S
015 C01AA35 TAIPEI
015 D01AA35 TAIWAN
015 E04AA35 X
015 A00AA36 STANDARD CHARTERED BANK
015 B00AA36 S
015 C01AA36 BANGKOK
015 D01AA36 THAILAND
015 E04AA36 X
<PAGE> PAGE 6
015 A00AA37 CITIBANK, N.A.
015 B00AA37 S
015 C01AA37 ISTANBUL
015 D01AA37 TURKEY
015 E04AA37 X
015 A00AA38 STATE STREET BANK AND TRUST COMPANY
015 B00AA38 S
015 C01AA38 LONDON
015 D01AA38 ENGLAND
015 E04AA38 X
015 A00AA39 CITIBANK, N.A.
015 B00AA39 S
015 C01AA39 MONTEVIDEO
015 D01AA39 URUGUAY
015 E04AA39 X
015 A00AA40 CITIBANK, N.A.
015 B00AA40 S
015 C01AA40 CARACAS
015 D01AA40 VENEZUELA
015 E04AA40 X
015 A00AA41 THE HONG KONG & SHANGHAI BANKING CO. LTD
015 B00AA41 S
015 C01AA41 SHANGHAI
015 D01AA41 CHINA
015 E04AA41 X
015 A00AA42 STANDARD CHARTERED BANK
015 B00AA42 S
015 C01AA42 DHAKA
015 D01AA42 BANGLADESH
015 E04AA42 X
015 A00AA43 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA43 S
015 C01AA43 GABORONE
015 D01AA43 BOTSWANA
015 E04AA43 X
015 A00AA44 BARCLAYS BANK PLC
015 B00AA44 S
015 C01AA44 NICOSIA
015 D01AA44 CYPRUS
015 E04AA44 X
015 A00AA45 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B00AA45 S
015 C01AA45 PRAGUE
015 D01AA45 CZECH REPUBLIC
015 E04AA45 X
015 A00AA46 BARCLAYS BANK OF GHANA LIMITED
015 B00AA46 S
015 C01AA46 ACCRA
015 D01AA46 GHANA
015 E04AA46 X
015 A00AA47 CITIBANK BUDAPEST RT.
<PAGE> PAGE 7
015 B00AA47 S
015 C01AA47 BUDAPEST
015 D01AA47 HUNGARY
015 E04AA47 X
015 A00AA48 BANK HAPOALIM B.M.
015 B00AA48 S
015 C01AA48 TEL AVIV
015 D01AA48 ISRAEL
015 E04AA48 X
015 A00AA49 BARCLAYS BANK OF KENYA LIMITED
015 B00AA49 S
015 C01AA49 NAIROBI
015 D01AA49 KENYA
015 E04AA49 X
015 A00AA50 CITIBANK N.A.
015 B00AA50 S
015 C01AA50 LIMA
015 D01AA50 PERU
015 E04AA50 X
015 A00AA51 CITIBANK POLAND S.A.
015 B00AA51 S
015 C01AA51 WARSAW
015 D01AA51 POLAND
015 E04AA51 X
015 A00AA52 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA52 S
015 C01AA52 JOHANNESBURG
015 D01AA52 SOUTH AFRICA
015 E04AA52 X
015 A00AA53 BARCLAYS BANK OF SWAZILAND LIMITED
015 B00AA53 S
015 C01AA53 SWAZILAND
015 D01AA53 SWAZILAND
015 E04AA53 X
015 A00AA54 STATE STREET LONDON LIMITED
015 B00AA54 S
015 C01AA54 LONDON
015 D01AA54 ENGLAND
015 E04AA54 X
015 A00AA55 BARCLAYS BANK OF ZAMBIA LIMITED
015 B00AA55 S
015 C01AA55 LUSAKA
015 D01AA55 ZAMBIA
015 E04AA55 X
015 A00AA56 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B00AA56 S
015 C01AA56 HARARE
015 D01AA56 ZIMBABWE
015 E04AA56 X
015 A00AA57 CESKOSLOVENSKA OBCHODNA BANKA A.S.
015 B00AA57 S
<PAGE> PAGE 8
015 C01AA57 BRATISLAVA
015 D01AA57 SLOVAK REPUBLIC
015 E04AA57 X
015 A00AA58 THE BANK OF BERMUDA LIMITED
015 B00AA58 S
015 C01AA58 HAMILTON
015 D01AA58 BERMUDA
015 E04AA58 X
018 00AA00 Y
019 A00AA00 Y
019 B00AA00 76
019 C00AA00 SCUDDERKEM
020 A000001 ESI
020 B000001 13-2518466
020 C000001 23
020 A000002 PAINE WEBBER
020 B000002 13-2895752
020 C000002 13
020 A000003 GOLDMAN SACHS & CO
020 B000003 13-510880
020 C000003 10
020 A000004 BEAR, STEARNS & CO
020 B000004 13-3299429
020 C000004 8
020 A000005 MORGAN STANLEY & CO
020 B000005 13-2655998
020 C000005 8
020 A000006 FURMAN SELTZ
020 C000006 7
020 A000007 JP MORGAN SECURITIES
020 B000007 13-3224016
020 C000007 6
020 A000008 NATIONSBANC MONTGOMERY SEC INC
020 C000008 6
020 A000009 MERRILL LYNCH
020 B000009 13-5674085
020 C000009 6
020 A000010 SMITH BARNEY SHEARSON
020 B000010 13-1912900
020 C000010 5
021 000000 189
022 A000001 STATE STREET BANK
022 B000001 04-1867445
022 C000001 1930224
022 D000001 0
022 A000002 DONALDSON LUF & JEN FIXED INC.
022 B000002 13-2741729
022 C000002 92431
022 D000002 0
022 A000003 FIRST CHICAGO CAP MKTS
022 B000003 36-3595942
<PAGE> PAGE 9
022 C000003 8697
022 D000003 0
022 A000004 MORGAN STANLEY & CO
022 B000004 13-2655998
022 C000004 3255
022 D000004 3820
022 A000005 MERRILL LYNCH
022 B000005 13-5674085
022 C000005 5856
022 D000005 388
022 A000006 TROSTER SINGER
022 C000006 4298
022 D000006 0
022 A000007 GOLDMAN SACHS, & CO
022 B000007 13-510880
022 C000007 3553
022 D000007 626
022 A000008 BEAR, STEARNS & CO
022 B000008 13-3299429
022 C000008 1912
022 D000008 1555
022 A000009 CREDIT SUISSE FIRST BOSTON
022 B000009 13-5659485
022 C000009 650
022 D000009 2101
022 A000010 DONALDSON LUFKIN
022 B000010 13-2741729
022 C000010 2346
022 D000010 0
023 C000000 2061023
023 D000000 12933
024 00AA00 N
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 N
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
029 00AA00 Y
030 A00AA00 230
030 B00AA00 5.75
030 C00AA00 0.00
031 A00AA00 8
031 B00AA00 0
032 00AA00 222
033 00AA00 0
034 00AA00 Y
<PAGE> PAGE 10
035 00AA00 11
036 A00AA00 N
036 B00AA00 0
037 00AA00 N
038 00AA00 0
039 00AA00 Y
040 00AA00 Y
041 00AA00 Y
042 A00AA00 0
042 B00AA00 0
042 C00AA00 0
042 D00AA00 0
042 E00AA00 0
042 F00AA00 0
042 G00AA00 0
042 H00AA00 100
043 00AA00 59
044 00AA00 0
062 A00AA00 N
062 B00AA00 0.0
062 C00AA00 0.0
062 D00AA00 0.0
062 E00AA00 0.0
062 F00AA00 0.0
062 G00AA00 0.0
062 H00AA00 0.0
062 I00AA00 0.0
062 J00AA00 0.0
062 K00AA00 0.0
062 L00AA00 0.0
062 M00AA00 0.0
062 N00AA00 0.0
062 O00AA00 0.0
062 P00AA00 0.0
062 Q00AA00 0.0
062 R00AA00 0.0
077 A000000 Y
077 B000000 N
077 C000000 Y
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
<PAGE> PAGE 11
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
025 D000301 0
025 D000302 0
025 D000303 0
025 D000304 0
025 D000305 0
025 D000306 0
025 D000307 0
025 D000308 0
028 A010300 8447
028 A020300 0
028 A030300 0
028 A040300 3970
028 B010300 9566
028 B020300 0
028 B030300 0
028 B040300 5102
028 C010300 11839
028 C020300 0
028 C030300 0
028 C040300 5799
028 D010300 15551
028 D020300 6287
028 D030300 0
028 D040300 12553
028 E010300 14678
028 E020300 2
028 E030300 0
028 E040300 6782
028 F010300 17594
028 F020300 0
028 F030300 0
028 F040300 8427
028 G010300 77675
028 G020300 6289
028 G030300 0
028 G040300 42633
028 H000300 55592
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.700
048 A010300 0
048 A020300 0.000
048 B010300 0
048 B020300 0.000
048 C010300 0
<PAGE> PAGE 12
048 C020300 0.000
048 D010300 0
048 D020300 0.000
048 E010300 0
048 E020300 0.000
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 0
048 K020300 0.000
049 000300 N
050 000300 N
051 000300 N
052 000300 N
053 A000300 Y
053 B000300 Y
054 A000300 Y
054 B000300 Y
054 C000300 N
054 D000300 N
054 E000300 N
054 F000300 N
054 G000300 N
054 H000300 Y
054 I000300 N
054 J000300 Y
054 K000300 N
054 L000300 N
054 M000300 Y
054 N000300 N
054 O000300 Y
070 A010300 Y
070 A020300 Y
070 B010300 Y
070 B020300 N
070 C010300 Y
070 C020300 N
070 D010300 Y
070 D020300 N
070 E010300 Y
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 Y
<PAGE> PAGE 13
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 Y
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 N
070 N010300 Y
070 N020300 N
070 O010300 N
070 O020300 N
070 P010300 Y
070 P020300 N
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 86232
071 B000300 49357
071 C000300 149050
071 D000300 67
072 A000300 6
072 B000300 248
072 C000300 718
072 D000300 0
072 E000300 0
072 F000300 543
072 G000300 0
072 H000300 0
072 I000300 633
072 J000300 55
072 K000300 0
072 L000300 28
072 M000300 18
072 N000300 48
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 17
072 S000300 6
072 T000300 59
072 U000300 3
072 V000300 0
072 W000300 22
072 X000300 1432
<PAGE> PAGE 14
072 Y000300 229
072 Z000300 -238
072AA000300 0
072BB000300 1340
072CC010300 40347
072CC020300 0
072DD010300 0
072DD020300 0
072EE000300 6421
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 0
074 B000300 13439
074 C000300 0
074 D000300 0
074 E000300 0
074 F000300 183855
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 0
074 K000300 0
074 L000300 920
074 M000300 100
074 N000300 198314
074 O000300 6095
074 P000300 71
074 Q000300 0
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 905
074 S000300 0
074 T000300 191243
074 U010300 6469
074 U020300 1388
074 V010300 20.95
074 V020300 20.99
074 W000300 0.0000
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076 000300 0.00
SIGNATURE THOMAS F. MCDONOUGH
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Classic
Growth Fund Semi-Annual Report for the period ended
2/28/99 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> Classic Growth Fund-Scudder Shares
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 168,683,311
<INVESTMENTS-AT-VALUE> 197,293,954
<RECEIVABLES> 919,832
<ASSETS-OTHER> 99,769
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,313,555
<PAYABLE-FOR-SECURITIES> 6,094,743
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 975,972
<TOTAL-LIABILITIES> 7,070,715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164,268,789
<SHARES-COMMON-STOCK> 6,468,911
<SHARES-COMMON-PRIOR> 6,233,469
<ACCUMULATED-NII-CURRENT> (237,529)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,399,063)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,610,643
<NET-ASSETS> 191,242,840
<DIVIDEND-INCOME> 718,006
<INTEREST-INCOME> 248,256
<OTHER-INCOME> 0
<EXPENSES-NET> 1,203,791
<NET-INVESTMENT-INCOME> (237,529)
<REALIZED-GAINS-CURRENT> (1,339,784)
<APPREC-INCREASE-CURRENT> 40,347,312
<NET-CHANGE-FROM-OPS> 38,769,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,994,881)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 22,083,741
<NUMBER-OF-SHARES-REDEEMED> (21,776,328)
<SHARES-REINVESTED> 4,918,261
<NET-CHANGE-IN-ASSETS> 73,680,039
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6,361,715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 543,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,432,349
<AVERAGE-NET-ASSETS> 123,379,792
<PER-SHARE-NAV-BEGIN> 16.61
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 5.18
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.81)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.95
<EXPENSE-RATIO> 1.52
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Classic
Growth Fund Semi-Annual Report for the period ended
2/28/99 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 32
<NAME> Classic Growth Fund-Class A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 168,683,311
<INVESTMENTS-AT-VALUE> 197,293,954
<RECEIVABLES> 919,832
<ASSETS-OTHER> 99,769
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,313,555
<PAYABLE-FOR-SECURITIES> 6,094,743
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 975,972
<TOTAL-LIABILITIES> 7,070,715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164,268,789
<SHARES-COMMON-STOCK> 1,388,160
<SHARES-COMMON-PRIOR> 4,331,134
<ACCUMULATED-NII-CURRENT> (237,529)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,399,063)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,610,643
<NET-ASSETS> 191,242,840
<DIVIDEND-INCOME> 718,006
<INTEREST-INCOME> 248,256
<OTHER-INCOME> 0
<EXPENSES-NET> 1,203,791
<NET-INVESTMENT-INCOME> (237,529)
<REALIZED-GAINS-CURRENT> (1,339,784)
<APPREC-INCREASE-CURRENT> 40,347,312
<NET-CHANGE-FROM-OPS> 38,769,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (734,396)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 34,209,564
<NUMBER-OF-SHARES-REDEEMED> (15,845,768)
<SHARES-REINVESTED> 699,714
<NET-CHANGE-IN-ASSETS> 73,680,039
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6,361,715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 543,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,432,349
<AVERAGE-NET-ASSETS> 17,286,030
<PER-SHARE-NAV-BEGIN> 16.62
<PER-SHARE-NII> 0.00
<PER-SHARE-GAIN-APPREC> 5.18
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.81)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.99
<EXPENSE-RATIO> 1.24
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Classic
Growth Fund Semi-Annual Report for the period ended
2/28/99 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 33
<NAME> Classic Growth Fund-Class B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 168,683,311
<INVESTMENTS-AT-VALUE> 197,293,954
<RECEIVABLES> 919,832
<ASSETS-OTHER> 99,769
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,313,555
<PAYABLE-FOR-SECURITIES> 6,094,743
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 975,972
<TOTAL-LIABILITIES> 7,070,715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164,268,789
<SHARES-COMMON-STOCK> 1,102,298
<SHARES-COMMON-PRIOR> 357,344
<ACCUMULATED-NII-CURRENT> (237,529)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,399,063)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,610,643
<NET-ASSETS> 191,242,840
<DIVIDEND-INCOME> 718,006
<INTEREST-INCOME> 248,256
<OTHER-INCOME> 0
<EXPENSES-NET> 1,203,791
<NET-INVESTMENT-INCOME> (237,529)
<REALIZED-GAINS-CURRENT> (1,339,784)
<APPREC-INCREASE-CURRENT> 40,347,312
<NET-CHANGE-FROM-OPS> 38,769,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (599,784)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 18,669,664
<NUMBER-OF-SHARES-REDEEMED> (4,591,998)
<SHARES-REINVESTED> 582,816
<NET-CHANGE-IN-ASSETS> 73,680,039
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6,361,715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 543,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,432,349
<AVERAGE-NET-ASSETS> 13,748,809
<PER-SHARE-NAV-BEGIN> 16.57
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> 5.16
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.81)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.83
<EXPENSE-RATIO> 2.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Classic
Growth Fund Semi-Annual Report for the period ended
2/28/99 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 34
<NAME> Classic Growth Fund-Class C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-START> SEP-01-1998
<PERIOD-END> FEB-28-1999
<INVESTMENTS-AT-COST> 168,683,311
<INVESTMENTS-AT-VALUE> 197,293,954
<RECEIVABLES> 919,832
<ASSETS-OTHER> 99,769
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 198,313,555
<PAYABLE-FOR-SECURITIES> 6,094,743
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 975,972
<TOTAL-LIABILITIES> 7,070,715
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 164,268,789
<SHARES-COMMON-STOCK> 174,695
<SHARES-COMMON-PRIOR> 55,334
<ACCUMULATED-NII-CURRENT> (237,529)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (1,399,063)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 28,610,643
<NET-ASSETS> 191,242,840
<DIVIDEND-INCOME> 718,006
<INTEREST-INCOME> 248,256
<OTHER-INCOME> 0
<EXPENSES-NET> 1,203,791
<NET-INVESTMENT-INCOME> (237,529)
<REALIZED-GAINS-CURRENT> (1,339,784)
<APPREC-INCREASE-CURRENT> 40,347,312
<NET-CHANGE-FROM-OPS> 38,769,999
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (91,933)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,712,279
<NUMBER-OF-SHARES-REDEEMED> (418,738)
<SHARES-REINVESTED> 87,827
<NET-CHANGE-IN-ASSETS> 73,680,039
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6,361,715
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 543,110
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,432,349
<AVERAGE-NET-ASSETS> 2,105,568
<PER-SHARE-NAV-BEGIN> 16.57
<PER-SHARE-NII> (0.09)
<PER-SHARE-GAIN-APPREC> 5.17
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.81)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 20.84
<EXPENSE-RATIO> 2.09
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Shareholder Meeting Results
A Special Meeting of Shareholders (the "Meeting") of Scudder Classic Growth Fund
(the "Fund") was held on December 17, 1998, at the office of Scudder Kemper
Investments, Inc., Two International Place, Boston, Massachusetts 02110. At the
Meeting the following matters were voted upon by the shareholders (the resulting
votes for each matter are presented below).
1. To approve a new Investment Management Agreement for the Fund with Scudder
Kemper Investments, Inc.
Number of Votes:
----------------
For Against Abstain Broker Non-Votes*
--- ------- ------- -----------------
4,977,316 63,743 65,733 0
2. To approve the revision of the Fund's fundamental lending policy.
Number of Votes:
----------------
For Against Abstain Broker Non-Votes*
--- ------- ------- -----------------
4,572,082 105,164 84,030 345,516
- --------------------------------------------------------------------------------
* Broker non-votes are proxies received by the Fund from brokers or nominees
when the broker or nominee neither has received instructions from the
beneficial owner or other persons entitled to vote nor has discretionary
power to vote on a particular matter.
26 - Scudder Classic Growth Fund
