<PAGE> PAGE 1
000 B000000 04/30/97
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 A
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
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004 000000 N
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010 C010001 BOSTON
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010 A000002 BOSTON EQUISERVE L.P.
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010 C010002 BOSTON
010 C020002 MA
010 C030002 02266
010 A000003 SCUDDER, STEVENS & CLARK, INC.
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<PAGE> PAGE 2
010 C020003 MA
010 C030003 10154
012 A000001 SCUDDER SERVICE CORPORATION
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012 C010001 BOSTON
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012 C030001 02110
013 A000001 COOPERS & LYBRAND L.L.P.
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015 A000001 BROWN BROTHERS HARRIMAN & CO.
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
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015 A000005 HONGKONG & SHANGHAI BANKING CORP.
015 B000005 S
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<PAGE> PAGE 3
015 C010012 COPENHAGEN
015 D010012 DENMARK
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015 A000013 MERITA BANK
015 B000013 S
015 C010013 HELSINKI
015 D010013 FINLAND
015 E040013 X
015 A000014 ALLIED IRISH BANKS
015 B000014 S
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015 A000015 BANK HAPOALIM B.M.
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 CITIBANK N.A.
015 B000018 S
015 C010018 QUITO
015 D010018 ECUADOR
015 E040018 X
015 A000019 DEN NORSKE BANK
015 B000019 S
015 C010019 OSLO
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015 E040019 X
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015 B000020 S
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015 A000021 FIRST NATIONAL BANK OF SOUTHERN AFRICA
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<PAGE> PAGE 4
015 D010022 SPAIN
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015 A000023 SKANDINAVISKA ENSKILDA BANKEN
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015 C010023 STOCKHOLM
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015 E040023 X
015 A000024 BANCA COMMERCIALE ITALIANA
015 B000024 S
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015 A000025 BANQUE BRUXELLES LAMBERT
015 B000025 S
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015 E040025 X
015 A000026 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000026 S
015 C010026 BOTSWANA
015 D010026 BOTSWANA
015 E040026 X
015 A000027 THE FIRST NATIONAL BANK OF BOSTON
015 B000027 S
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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
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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
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015 A000032 CESKOSLOVESNKA OBCHODNI BANK, A.S.
015 B000032 S
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<PAGE> PAGE 5
015 E040032 X
015 A000033 BANQUE PARIBAS
015 B000033 S
015 C010033 PARIS
015 D010033 FRANCE
015 E040033 X
015 A000034 DRESDNER BANK
015 B000034 S
015 C010034 FRANKFURT
015 D010034 GERMANY
015 E040034 X
015 A000035 BARCLAYS BANK OF GHANA LIMITED
015 B000035 S
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015 E040035 X
015 A000036 CITIBANK N.A.
015 B000036 S
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 MUMBAI
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 NAIROBI
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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 BERHARD
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<PAGE> PAGE 6
015 A000043 CITIBANK N.A.
015 B000043 S
015 C010043 MEXICO CITY
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015 A000044 NATIONAL AUSTRALIA BANK LTD.
015 B000044 S
015 C010044 AUCKLAND
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015 A000045 STANDARD CHARTERED BANK
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015 E040045 X
015 A000046 CITIBANK N.A.
015 B000046 S
015 C010046 LIMA
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015 A000047 CITIBANK N.A.
015 B000047 S
015 C010047 MANILA
015 D010047 PHILIPPINES
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015 A000048 CITIBANK (POLAND) S.A.
015 B000048 S
015 C010048 WARSAW
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015 B000049 S
015 C010049 SINGAPORE
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015 E040049 X
015 A000050 HONGKONG & SHANGHAI BANKING CORP.
015 B000050 S
015 C010050 COLUMBO
015 D010050 SRI LANKA
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015 A000051 BARCLAYS BANK OF SWAZILAND LIMITED
015 B000051 S
015 C010051 MBABANE
015 D010051 SWAZILAND
015 E040051 X
015 A000052 SWISS BANK CORPORATION
015 B000052 S
015 C010052 BASEL
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015 A000053 CENTRAL TRUST OF CHINA
<PAGE> PAGE 7
015 B000053 S
015 C010053 TAIPEI
015 D010053 TAIWAN
015 E040053 X
015 A000054 HONGKONG & SHANGHAI BANKING CORP.
015 B000054 S
015 C010054 BANGKOK
015 D010054 THAILAND
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015 A000055 CITIBANK N.A.
015 B000055 S
015 C010055 ISTANBUL
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015 A000056 LLOYDS BANK
015 B000056 S
015 C010056 LONDON
015 D010056 UNITED KINGDOM
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015 A000057 CITIBANK N.A.
015 B000057 S
015 C010057 MONTEVIDEO
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015 A000058 CITIBANK N.A.
015 B000058 S
015 C010058 CARACAS
015 D010058 VENEZUELA
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015 A000059 STANBIC BANK ZAMBIA LTD.
015 B000059 S
015 C010059 LUSAKA
015 D010059 ZAMBIA
015 E040059 X
015 A000060 STANBIC BANK ZIMBABWE LTD.
015 B000060 S
015 C010060 HARARE
015 D010060 ZIMBABWE
015 E040060 X
015 A000061 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
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015 C010061 BRATISLAVA
015 D010061 SLOVAKIA
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015 A000062 BRITISH BANK OF THE MIDDLE EAST
015 B000062 S
015 C010062 BAHRAIN
015 D010062 BAHRAIN
015 E040062 X
015 A000063 CITIBANK, N.A.
015 B000063 S
<PAGE> PAGE 8
015 C010063 CAIRO
015 D010063 EGYPT
015 E040063 X
015 A000064 ARAB BANK PLC
015 B000064 S
015 C010064 AMMAN
015 D010064 JORDAN
015 E040064 X
015 A000065 BRITISH BANK OF THE MIDDLE EAST
015 B000065 S
015 C010065 BEIRUT
015 D010065 LEBANON
015 E040065 X
015 A000066 HONGKONG & SHANGHAI BANKING CORP.
015 B000066 S
015 C010066 MAURITIUS
015 D010066 MAURITIUS
015 E040066 X
015 A000067 BANQUE MAROCAINE DU COMMERCE EXTERIEUR
015 B000067 S
015 C010067 CASABLANCA
015 D010067 MOROCCO
015 E040067 X
015 A000068 STANDARD BANK NAMIBIA
015 B000068 S
015 C010068 WINDHOEK
015 D010068 NAMIBIA
015 E040068 X
015 A000069 BRITISH BANK OF THE MIDDLE EAST
015 B000069 S
015 C010069 MUSCAT
015 D010069 OMAN
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<PAGE> PAGE 9
022 A000002 ING BANK
022 C000002 33950
022 D000002 36591
022 A000003 CHASE MANHATTAN BANK, N.A.
022 B000003 13-2633612
022 C000003 26649
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022 A000004 SALOMON BROTHERS,INC.
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022 C000004 12885
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022 B000005 13-2639550
022 C000005 14087
022 D000005 12544
022 A000006 UBS SECURITIES LLC
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022 C000007 13864
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022 C000008 7702
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022 A000009 BEAR STEARNS & CO., INC.
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022 C000009 5685
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022 A000010 DONALDSON, LUFKIN & JENRETTE, INC.
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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SIGNATURE THOMAS F. MCDONOUGH
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE>6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
World Income Opps Annual Report for the fiscal year ended 4/30/97 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER>0
<NAME>SCUDDER WORLD INCOME OPPS
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> APR-30-1997
<PERIOD-START> APR-30-1996
<PERIOD-END> APR-30-1997
<INVESTMENTS-AT-COST> 56,021,082
<INVESTMENTS-AT-VALUE> 56,633,323
<RECEIVABLES> 15,857,580
<ASSETS-OTHER> 39,671
<OTHER-ITEMS-ASSETS> 3,103
<TOTAL-ASSETS> 72,533,677
<PAYABLE-FOR-SECURITIES> 17,848,304
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 196,736
<TOTAL-LIABILITIES> 18,045,040
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 48,530,079
<SHARES-COMMON-STOCK> 3,419,143
<SHARES-COMMON-PRIOR> 3,419,143
<ACCUMULATED-NII-CURRENT> 384,212
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4,964,522
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 609,824
<NET-ASSETS> 54,488,637
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 5,484,920
<OTHER-INCOME> 0
<EXPENSES-NET> 1,147,009
<NET-INVESTMENT-INCOME> 4,337,911
<REALIZED-GAINS-CURRENT> 10,309,864
<APPREC-INCREASE-CURRENT> (1,200,389)
<NET-CHANGE-FROM-OPS> 13,447,386
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (4,485,762)
<DISTRIBUTIONS-OF-GAINS> (4,581,651)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 4,379,973
<ACCUMULATED-NII-PRIOR> 196,128
<ACCUMULATED-GAINS-PRIOR> (427,756)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 650,255
<INTEREST-EXPENSE> 2,103
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 54,368,472
<PER-SHARE-NAV-BEGIN> 14.66
<PER-SHARE-NII> 1.27
<PER-SHARE-GAIN-APPREC> 2.66
<PER-SHARE-DIVIDEND> (1.31)
<PER-SHARE-DISTRIBUTIONS> (1.34)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 15.94
<EXPENSE-RATIO> 2.11
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
COOPERS & LYBRAND
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 (the Fund) for
the year ended April 30, 1997, we considered the Fund's internal control
structure, including procedures for safeguarding securities, in order to
determine our auditing procedures for the purpose of expressing our opinion on
the Fund's financial statements and financial highlights and to comply with the
requirements of Form N-SAR, not to provide assurance on the control structure.
The management of Scudder World Income Opportunities Fund 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 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 Fund's 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 Fund's internal control structure,
including procedures for safeguarding securities, that we consider to be
material weaknesses, as defined above, as of April 30, 1997.
This report is intended solely for the information and use of management of
Scudder World Income Opportunities Fund and the Securities and Exchange
Commission.
/s/COOPERS & LYBRAND L.L.P
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Boston, Massachusetts COOPERS & LYBRAND L.L.P.
June 20, 1997
