INVESTMENT TRUST
24F-2NT, 2000-12-29
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                                        UNITED STATES
                                        SECURITIES AND EXCHANGE COMMISSION
                                        Washington, DC  20549


Form 24f-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2


Read instructions at end of Form before preparing Form.  Please print or type

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<S>      <C>
1        Name and address of issuer:
                                        Investment Trust
                                        Two International Place
                                        Boston, MA 02110-4103

2        The name of each series or class of securities for which this Form is filed.
         (If the Form is being filed for all series and classes of securities of the issuer,        /_/
         check the box but do not list series or classes)

                                        Scudder Growth and Income Fund
                                        Scudder Capital Growth Fund
                                        Scudder Small Company Stock Fund

                                        AARP Growth and Income Fund



3        Investment Company Act File Number:                                                            811-43



         Securities Act File Number:                                                                    02-13628



4(a).    Last day of fiscal year for which this Form is filed:                                          September 30, 2000



Note: If the Form is being filed late, interest must be paid on the registration fee due.
4(b).     Check box if this Form is being filed late (i.e., more than 90 calendar days              /_/
          after the end of the issuer's fiscal year).  (See Instruction A.2)




4(c).    Check box if this is the last time the issuer will be filing this Form.                    /_/

<PAGE>

5        Calculation of registration fee:

(i)      Aggregate sale price of securities sold during the fiscal year pursuant
         to section 24(f):                                                                                      $7,775,326,422.54



(ii)     Aggregate price of securities redeemed or repurchased during the fiscal year:              $8,963,044,176.22



(iii)    Aggregate price of securities redeemed or repurchased during any prior fiscal                $761,449,205.00
         year ending no earlier than October 11, 1995 that were not previously used
         to reduce registration fees payable to the commission:



(iv)     Total available redemption credits [add items 5(ii) and 5(iii)]:                                       $9,724,493,381.22

(v)      Net sales - if item 5(i) is greater than item 5(iv)                                                                $0.00
                 [subtract item 5(iv) from item 5(i)]:


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(vi)      Redemption credits available for use in future years
          - if item 5(i) is less than item 5(iv) [subtract item 5(iv) from item 5(i)]:             ($1,949,166,958.68)
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(vii)    Multiplier for determining registration fee (See Instruction C.9):                                        0.000250


(viii)   Registration fee due [multiply item 5(v) by item 5(vii)]
         (enter "0" if no fee is due):                                                                                      $0.00


6        Prepaid Shares

         If the response to item 5(i) was determined by deducting an amount of
          securities that were registered under the Securities Act of 1933
          pursuant to rule 24e-2 as in effect before October 11, 1997, then
          report the amount of securities (number of shares or other units) deducted here:   .                        0

         If there is a number  of  shares or other  units  that were  registered
         pursuant to rule 24e-2  remaining  unsold at the end of the fiscal year
         for which this form is filed that are  available  for use by the issuer
         in future fiscal years, then state that number here:                                                         0

7        Interest  due - if this Form is being filed more than 90 days after the
         end of the issuer's fiscal year                                                                                   $0.00
         (see Instruction D):

8        Total amount of the registration fee due plus any interest due [line 5(viii) plus line 7]:                        $0.00


9        Date the  registration  fee and any  interest  payment  was sent to the
         Commission's lockbox depository:

         Method of Delivery:


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          SIGNATURES


         This report has been signed below by the following persons on behalf of
         the issuer and in the capacities and on the dates indicated.



         By (Signature and Title)* /s/Caroline Pearson                  Date 12/29/00
                                   -------------------------                 ----------------------
                                  Caroline Pearson, Assistant Secretary
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*Please print the name and title of the signing officer below the signature.


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