<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Small Company Stock Fund Annual Report for the fiscal year ended 9/30/2000 and
is qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000088064
<NAME> INVESTMENT TRUST
<SERIES>
<NUMBER> 031
<NAME> SCUDDER SMALL COMPANY STOCK FUND
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 78,597,006
<INVESTMENTS-AT-VALUE> 91,848,750
<RECEIVABLES> 2,017,532
<ASSETS-OTHER> 24,858
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 93,891,140
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 195,394
<TOTAL-LIABILITIES> 195,394
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 93,338,928
<SHARES-COMMON-STOCK> 2,517,291
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (12,894,926)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 13,251,744
<NET-ASSETS> 93,695,746
<DIVIDEND-INCOME> 677,157
<INTEREST-INCOME> 98,560
<OTHER-INCOME> 0
<EXPENSES-NET> 1,028,411
<NET-INVESTMENT-INCOME> (252,694)
<REALIZED-GAINS-CURRENT> (7,613,703)
<APPREC-INCREASE-CURRENT> 8,259,469
<NET-CHANGE-FROM-OPS> 393,072
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 863,212
<NUMBER-OF-SHARES-REDEEMED> (3,980,088)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 27,800,379
<ACCUMULATED-NII-PRIOR> 48,570
<ACCUMULATED-GAINS-PRIOR> (4,061,631)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 513,250
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,098,495
<AVERAGE-NET-ASSETS> 47,078,977
<PER-SHARE-NAV-BEGIN> 18.50
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> (.20)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 18.30
<EXPENSE-RATIO> 1.19
</TABLE>
