<PAGE> PAGE 1
000 B000000 04/30/95
000 C000000 918265
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 SCUDDER WORLD INCOME OPPORTUNITIES FUND, INC.
001 B000000 811-8316
001 C000000 6172952567
002 A000000 345 PARK AVENUE
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10154
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
013 A000001 COOPERS & LYBRAND L.L.P.
013 B010001 BOSTON
013 B020001 MA
013 B030001 02109
015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02109
015 E020001 X
015 A000002 CITIBANK, N.A.
015 B000002 S
015 C010002 NEW YORK
015 C020002 NY
015 C030002 10043
015 E040002 X
015 A000003 THE FIRST NATIONAL BANK OF BOSON
015 B000003 S
015 C010003 BOSTON
015 C020003 MA
015 C030003 02110
015 E040003 X
015 A000004 CHASE MANHATTAN BANK, N.A.
015 B000004 S
015 C010004 NEW YORK
015 C020004 NY
015 C030004 10081
015 E040004 X
015 A000005 CHASE MANHATTAN BANK
<PAGE> PAGE 2
015 B000005 S
015 C010005 HONG KONG
015 D010005 HONG KONG
015 E040005 X
015 A000006 JP MORGAN & CO INC
015 B000006 S
015 C010006 NEW YORK
015 C020006 NY
015 C030006 10260
015 E040006 X
015 A000007 STANDARD CHARTERED BANK
015 B000007 S
015 C010007 DHAKA
015 D010007 BANGLADESH
015 E040007 X
015 A000008 BANK OF BOSTON
015 B000008 S
015 C010008 BUENOS AIRES
015 D010008 ARGENTINA
015 E040008 X
015 A000009 NATIONAL AUSTRALIA BANK LIMITED
015 B000009 S
015 C010009 MELBOURNE
015 D010009 AUSTRALIA
015 E040009 X
015 A000010 CREDITANSTALT BANKVEREIN
015 B000010 S
015 C010010 VIENNA
015 D010010 AUSTRIA
015 E040010 X
015 A000011 CANADIAN IMPERIAL BANK OF COMMERCE
015 B000011 S
015 C010011 TORONTO
015 D010011 CANADA
015 E040011 X
015 A000012 DEN DANSKE BANK
015 B000012 S
015 C010012 COPENHAGEN
015 D010012 DENMARK
015 E040012 X
015 A000013 UNION BANK OF FINLAND
015 B000013 S
015 C010013 HELSINKI
015 D010013 FINLAND
015 E040013 X
015 A000014 ALLIED IRISH BANKS
015 B000014 S
015 C010014 DUBLIN
015 D010014 IRELAND
015 E040014 X
015 A000015 BANK HAPOALIM B.M.
<PAGE> PAGE 3
015 B000015 S
015 C010015 TEL AVIV
015 D010015 ISRAEL
015 E040015 X
015 A000016 SUMITOMO TRUST & BANKING CO.
015 B000016 S
015 C010016 OSAKA
015 D010016 JAPAN
015 E040016 X
015 A000017 ABN-AMRO BANK
015 B000017 S
015 C010017 AMSTERDAM
015 D010017 NETHERLANDS
015 E040017 X
015 A000018 DELETE
015 A000019 DEN NORSKE BANK
015 B000019 S
015 C010019 OSLO
015 D010019 NORWAY
015 E040019 X
015 A000020 BANCO ESPIRITO SANTO E COMERCIAL DE LISBON SA
015 B000020 S
015 C010020 LISBON
015 D010020 PORTUGAL
015 E040020 X
015 A000021 FIRST NATIONAL BANK OF SOUTHERN AFRICA
015 B000021 S
015 C010021 JOHANNESBURG
015 D010021 SOUTH AFRICA
015 E040021 X
015 A000022 BANCO SANTANDER, S.A.
015 B000022 S
015 C010022 MADRID
015 D010022 SPAIN
015 E040022 X
015 A000023 SKANDINAVISKA ENSKILDA BANKEN
015 B000023 S
015 C010023 STOCKHOLM
015 D010023 SWEDEN
015 E040023 X
015 A000024 BANCA COMMERCIALE ITALIANA
015 B000024 S
015 C010024 MILAN
015 D010024 ITALY
015 E040024 X
015 A000025 MORGAN GUARANTY TRUST COMPANY
015 B000025 S
015 C010025 BRUSSELS
015 D010025 BELGIUM
015 E040025 X
015 A000026 BARCLAYS BANK OF BOTSWANA LIMITED
<PAGE> PAGE 4
015 B000026 S
015 C010026 BOTSWANA
015 D010026 BOTSWANA
015 E040026 X
015 A000027 THE FIRST NATIONAL BANK OF BOSTON
015 B000027 S
015 C010027 SAO PAULO
015 D010027 BRAZIL
015 E040027 X
015 A000028 CITIBANK N.A.
015 B000028 S
015 C010028 SANTIAGO
015 D010028 CHILE
015 E040028 X
015 A000029 STANDARD CHARTERED BANK
015 B000029 S
015 C010029 SHANGHAI
015 D010029 CHINA
015 E040029 X
015 A000030 STANDARD CHARTERED BANK
015 B000030 S
015 C010030 SHENZHEN
015 D010030 CHINA
015 E040030 X
015 A000031 CITITRUST COLOMBIA S.A.
015 B000031 S
015 C010031 BOGOTA
015 D010031 COLOMBIA
015 E040031 X
015 A000032 CESKOSLOVESNKA OBCHODNI BANK, A.S.
015 B000032 S
015 C010032 ??
015 D010032 CZECH REPUBLIC
015 E040032 X
015 A000033 MORGAN GUARANTY TRUST CO.
015 B000033 S
015 C010033 PARIS
015 D010033 FRANCE
015 E040033 X
015 A000034 MORGAN GUARANTY TRUST COMPANY
015 B000034 S
015 C010034 FRANKFURT
015 D010034 GERMANY
015 E040034 X
015 A000035 BARCLAYS BANK OF GHANA LIMITED
015 B000035 S
015 C010035 ????
015 D010035 GHANA
015 E040035 X
015 A000036 CITIBANK N.A.
015 B000036 S
<PAGE> PAGE 5
015 C010036 ATHENS
015 D010036 GREECE
015 E040036 X
015 A000037 CITIBANK BUDAPEST
015 B000037 S
015 C010037 BUDAPEST
015 D010037 HUNGARY
015 E040037 X
015 A000038 CITIBANK N.A.
015 B000038 S
015 C010038 BOMBAY
015 D010038 INDIA
015 E040038 X
015 A000039 CITIBANK N.A.
015 B000039 S
015 C010039 JAKARTA
015 D010039 INDONESIA
015 E040039 X
015 A000040 BARCLAYS BANK OF KENYA LIMITED
015 B000040 S
015 C010040 ??????
015 D010040 KENYA
015 E040040 X
015 A000041 CITIBANK N.A.
015 B000041 S
015 C010041 SEOUL
015 D010041 KOREA
015 E040041 X
015 A000042 HONG KONG BANK MALAYSIA
015 B000042 S
015 C010042 BERHAD
015 D010042 MALAYSIA
015 E040042 X
015 A000043 CITIBANK N.A.
015 B000043 S
015 C010043 MEXICO CITY
015 D010043 MEXICO
015 E040043 X
015 A000044 NATIONAL AUSTRALIA BANK LTD.
015 B000044 S
015 C010044 ??????
015 D010044 NEW ZEALAND
015 E040044 X
015 A000045 STANDARD CHARTERED BANK
015 B000045 S
015 C010045 KARACHI
015 D010045 PAKISTAN
015 E040045 X
015 A000046 CITIBANK N.A.
015 B000046 S
015 C010046 LIMA
<PAGE> PAGE 6
015 D010046 PERU
015 E040046 X
015 A000047 CITIBANK N.A.
015 B000047 S
015 C010047 MANILA
015 D010047 PHILIPPINES
015 E040047 X
015 A000048 CITIBANK (POLAND) S.A.
015 B000048 S
015 C010048 WARSAW
015 D010048 POLAND
015 E040048 X
015 A000049 CHASE MANHATTAN BANK
015 B000049 S
015 C010049 SINGAPORE
015 D010049 SINGAPORE
015 E040049 X
015 A000050 HONG KONG AND SHANGHAI BANKING CORP.
015 B000050 S
015 C010050 COLUMBO
015 D010050 SRI LANKA
015 E040050 X
015 A000051 BARCLAYS BANK OF SWAZILAND LIMITED
015 B000051 S
015 C010051 ???
015 D010051 SWAZILAND
015 E040051 X
015 A000052 SWISS BANK CORPORATION
015 B000052 S
015 C010052 BASEL
015 D010052 SWITZERLAND
015 E040052 X
015 A000053 CENTRAL TRUST OF CHINA
015 B000053 S
015 C010053 TAIPEI
015 D010053 TAIWAN
015 E040053 X
015 A000054 HONG KONG & SHANGHAI BANKING CORP.
015 B000054 S
015 C010054 BANGKOK
015 D010054 THAILAND
015 E040054 X
015 A000055 CITIBANK N.A.
015 B000055 S
015 C010055 ISTANBUL
015 D010055 TURKEY
015 E040055 X
015 A000056 MORGAN GUARANTY TRUST COMPANY
015 B000056 S
015 C010056 LONDON
015 D010056 UNITED KINGDOM
<PAGE> PAGE 7
015 E040056 X
015 A000057 CITIBANK N.A.
015 B000057 S
015 C010057 MONTEVIDEO
015 D010057 URUGUAY
015 E040057 X
015 A000058 CITIBANK N.A.
015 B000058 S
015 C010058 CARACAS
015 D010058 VENEZUELA
015 E040058 X
015 A000059 BARCLAYS BANK OF ZAMBIA LIMITED
015 B000059 S
015 C010059 ????
015 D010059 ZAMBIA
015 E040059 X
015 A000060 BARCLAYS BANK OF ZIMBABWE LIMITED
015 B000060 S
015 C010060 ?????
015 D010060 ZIMBABWE
015 E040060 X
015 A000061 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B000061 S
015 C010061 ????
015 D010061 SLOVAKIA
015 E040061 X
018 000000 Y
019 A000000 N
019 B000000 0
022 A000001 J.P. MORGAN SECURITIES
022 B000001 13-3224016
022 C000001 27425
022 D000001 29714
022 A000002 CHASE MANHATTAN BANK
022 C000002 23844
022 D000002 19610
022 A000003 GOLDMAN SACHS
022 C000003 12044
022 D000003 10333
022 A000004 MERRILL LYNCH PIERCE & SMITH
022 B000004 13-5674085
022 C000004 8051
022 D000004 3121
022 A000005 BANKERS TRUST
022 C000005 6438
022 D000005 2867
022 A000006 JEFFRIES & COMPANY INC.
022 C000006 2997
022 D000006 3492
022 A000007 BEAR STEARNS
022 C000007 997
<PAGE> PAGE 8
022 D000007 3840
022 A000008 PARIBUS CORP.
022 C000008 2615
022 D000008 1838
022 A000009 ING
022 C000009 3894
022 D000009 479
022 A000010 NOMURA SECURITIES
022 C000010 1959
022 D000010 2134
023 C000000 103394
023 D000000 91645
062 A000000 Y
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 6.4
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 87.3
062 R000000 6.3
063 A000000 0
063 B000000 11.8
064 A000000 N
064 B000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 Y
070 D010000 N
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 N
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 Y
<PAGE> PAGE 9
070 I020000 Y
070 J010000 Y
070 J020000 Y
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 N
070 O010000 N
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 99523
071 B000000 95278
071 C000000 40934
071 D000000 233
072 A000000 12
072 B000000 5700
072 C000000 0
072 D000000 0
072 E000000 0
072 F000000 557
072 G000000 0
072 H000000 0
072 I000000 83
072 J000000 104
072 K000000 0
072 L000000 60
072 M000000 74
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 61
072 S000000 67
072 T000000 0
072 U000000 20
072 V000000 0
072 W000000 45
072 X000000 1071
072 Y000000 0
072 Z000000 4629
072AA000000 102
072BB000000 1892
<PAGE> PAGE 10
072CC010000 0
072CC020000 3477
072DD010000 4230
072DD020000 0
072EE000000 1285
073 A010000 1.2400
073 A020000 0.0000
073 B000000 0.3800
073 C000000 0.0000
074 A000000 9
074 B000000 0
074 C000000 2565
074 D000000 35045
074 E000000 0
074 F000000 2536
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 822
074 K000000 0
074 L000000 1997
074 M000000 77
074 N000000 43051
074 O000000 470
074 P000000 40
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 90
074 R040000 1178
074 S000000 0
074 T000000 41273
074 U010000 3409
074 U020000 0
074 V010000 12.11
074 V020000 0.00
074 W000000 0.0000
074 X000000 143
074 Y000000 0
075 A000000 0
075 B000000 0
076 000000 13.00
077 A000000 Y
077 Q010000 Y
077 Q020000 N
077 Q030000 Y
078 000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 NATIONAL UNION FIRE INSURANCE COMPANY
080 C000000 60000
081 A000000 Y
<PAGE> PAGE 11
081 B000000 70
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 N
SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
REPORT OF INDEPENDENT ACCOUNTANTS
To the Board of Directors and Shareholders of
Scudder World Income Opportunities Fund, Inc.:
In planning and performing our audit of the financial statements
and financial highlights of Scudder World Income Opportunities Fund, Inc. for
the year ended April 30, 1995, we considered its internal control structure,
including procedures for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the financial
statements and financial highlights and to comply with the requirements of Form
N-SAR, not to provide assurance on the internal control structure.
The management of Scudder World Income Opportunities Fund, Inc. is
responsible for establishing and maintaining an internal control structure. In
fulfilling this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of internal control
structure policies and procedures. Two of the objectives of an internal control
structure are to provide management with reasonable, but not absolute, assurance
that assets are safeguarded against loss from unauthorized use or disposition
and that transactions are executed in accordance with management's authorization
and recorded properly to permit preparation of financial statements in
conformity with generally accepted accounting principles.
Because of inherent limitations in any internal control structure,
errors or irregularities may occur and not be detected. Also, projection of any
evaluation of the structure to future periods is subject to the risk that it may
become inadequate because of changes in conditions or that the effectiveness of
the design and operations may deteriorate.
Our consideration of the internal control structure would not
necessarily disclose all matters in the internal control structure that might be
material weaknesses under standards established by the American Institute of
Certified Public Accountants. A material weakness is a condition in which the
design or operation of the specific internal control structure elements does not
reduce to a relatively low level the risk that errors or irregularities in
amounts that would be material in relation to the financial statements and
financial highlights being audited may occur and not be detected within a timely
period by employees in the normal course of performing their assigned functions.
However, we noted no matters involving the internal control structure, including
procedures for safeguarding securities, that we consider to be material
weaknesses, as defined above, as of April 30, 1995.
This report is intended solely for the information and use of
management of Scudder World Income Opportunities Fund, Inc. and the Securities
and Exchange Commission.
/s/COOPERS & LYBRAND L.L.P.
Boston, Massachusetts COOPERS & LYBRAND L.L.P.
June 15, 1995
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
World Income Opportunities Fund, Inc. Annual Report for the fiscal year ended
April 30, 1995 and is qualified in its entirety by reference to such financial
statements.
</LEGEND>
<SERIES>
<NUMBER> 0
<NAME> SCUDDER WORLD INCOME OPPORTUNITIES FUND, INC.
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> APR-30-1995
<PERIOD-START> MAY-01-1994
<PERIOD-END> APR-30-1995
<INVESTMENTS-AT-COST> 44,655,631
<INVESTMENTS-AT-VALUE> 40,145,083
<RECEIVABLES> 1,819,498
<ASSETS-OTHER> 86,483
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 43,051,064
<PAYABLE-FOR-SECURITIES> 469,625
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1,307,906
<TOTAL-LIABILITIES> 1,777,531
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,407,027
<SHARES-COMMON-STOCK> 3,409,266
<SHARES-COMMON-PRIOR> 3,406,900
<ACCUMULATED-NII-CURRENT> 439,493
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (3,033,135)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (4,539,852)
<NET-ASSETS> 41,273,533
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,700,427
<OTHER-INCOME> 0
<EXPENSES-NET> 1,071,225
<NET-INVESTMENT-INCOME> 4,629,202
<REALIZED-GAINS-CURRENT> (1,790,396)
<APPREC-INCREASE-CURRENT> (3,476,795)
<NET-CHANGE-FROM-OPS> (637,989)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 4,229,517
<DISTRIBUTIONS-OF-GAINS> 1,285,161
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 30,632
<NET-CHANGE-IN-ASSETS> (6,122,035)
<ACCUMULATED-NII-PRIOR> 439,493
<ACCUMULATED-GAINS-PRIOR> (21,859)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 557,307
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,071,225
<AVERAGE-NET-ASSETS> 46,557,072
<PER-SHARE-NAV-BEGIN> 13.91
<PER-SHARE-NII> 1.36
<PER-SHARE-GAIN-APPREC> (1.54)
<PER-SHARE-DIVIDEND> 1.24
<PER-SHARE-DISTRIBUTIONS> .38
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.11
<EXPENSE-RATIO> 2.30
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
