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Deutsche Asset Management
Morgan Grenfell Investment Trust
Investment Class and Institutional Class
Fixed Income, Short-Term Fixed Income, Municipal Bond, Short-Term Municipal Bond
and High Yield Bond
Supplement dated August 24, 2000 to Prospectuses dated February 28, 2000
The following supplements the "Principal Investments" section in the
prospectuses for Short-Term Fixed Income:
The Fund may invest up to 40% of its total assets in asset-backed securities.
The following replaces the "Dividends and Distributions" section in each Fund's
prospectuses:
The Fund's policy is to distribute to shareholders substantially all of its net
investment income and net capital gains in the form of income and capital gains
dividends. Income dividends, if any, are declared daily and paid monthly.
Capital gains dividends will be paid at least annually. We automatically
reinvest all dividends and any capital gains, unless you tell us otherwise.
Please Retain This Supplement for Future Reference
SUPPFIXED (8/00)
CUSIPs:
61735K760 61735K828 61735K646 61735K810 61735K794
61735K836 61735K596 61735K737 61735K729
A Member of the
Deutsche Bank Group [/]
