<PAGE> PAGE 1
000 A000000 03/31/97
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<PAGE> PAGE 2
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013 A00AA01 COOPERS AND LYBRAND
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
048 I020100 0.000
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<PAGE> PAGE 6
070 R020100 N
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<PAGE> PAGE 7
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<PAGE> PAGE 8
028 G040200 76
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<PAGE> PAGE 9
070 F010200 N
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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
037 000400 N
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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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 Pathway Series: Conservative
Portfolio Semiannual Report for the period ended March
31, 1997 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 1
<NAME> SCUDDER PATHWAY SERIES: CONSERVATIVE PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> NOV-15-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 10,035,848
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<TOTAL-ASSETS> 9,975,986
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<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 9,997,207
<SHARES-COMMON-STOCK> 827,985
<SHARES-COMMON-PRIOR> 2,083
<ACCUMULATED-NII-CURRENT> 18,250
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (124,631)
<NET-ASSETS> 9,908,406
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 26,018
<REALIZED-GAINS-CURRENT> 25,903
<APPREC-INCREASE-CURRENT> (124,631)
<NET-CHANGE-FROM-OPS> (72,710)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (7,768)
<DISTRIBUTIONS-OF-GAINS> (8,323)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 839,357
<NUMBER-OF-SHARES-REDEEMED> (14,702)
<SHARES-REINVESTED> 1,247
<NET-CHANGE-IN-ASSETS> 9,883,406
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<PER-SHARE-NAV-BEGIN> 12.00
<PER-SHARE-NII> (0.10)
<PER-SHARE-GAIN-APPREC> 1.00
<PER-SHARE-DIVIDEND> 0.14
<PER-SHARE-DISTRIBUTIONS> 0.15
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.97
<EXPENSE-RATIO> 0.00
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the Scudder Pathway Series: Balanced
Portfolio Semiannual Report for the period ended March
31, 1997 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 2
<NAME> SCUDDER PATHWAY SERIES: BALANCED PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> NOV-15-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 129,284,748
<INVESTMENTS-AT-VALUE> 127,802,697
<RECEIVABLES> 627,702
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 128,430,399
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 401,871
<TOTAL-LIABILITIES> 537,426
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 128,859,340
<SHARES-COMMON-STOCK> 10,710,809
<SHARES-COMMON-PRIOR> 2,083
<ACCUMULATED-NII-CURRENT> 229,352
<OVERDISTRIBUTION-NII> 0
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<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (1,482,051)
<NET-ASSETS> 127,892,973
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<DISTRIBUTIONS-OF-INCOME> (9,747)
<DISTRIBUTIONS-OF-GAINS> (4,264)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 10,803,342
<NUMBER-OF-SHARES-REDEEMED> (95,766)
<SHARES-REINVESTED> 1,150
<NET-CHANGE-IN-ASSETS> 127,867,973
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 21,206,265
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> (0.08)
<PER-SHARE-GAIN-APPREC> 1.07
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 11.94
<PER-SHARE-NAV-END> 0.00
<EXPENSE-RATIO> 0
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Scudder
Pathway Series: Growth Portfolio Semiannual Report for the period ended March
31, 1997 and is qualified in its entirety by reference
to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 3
<NAME> SCUDDER PATHWAY SERIES: GROWTH PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> NOV-15-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 27,252,425
<INVESTMENTS-AT-VALUE> 26,792,856
<RECEIVABLES> 409,423
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 27,202,279
<PAYABLE-FOR-SECURITIES> 141,802
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 30,362
<TOTAL-LIABILITIES> 172,164
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 27,391,196
<SHARES-COMMON-STOCK> 2,268,108
<SHARES-COMMON-PRIOR> 2,083
<ACCUMULATED-NII-CURRENT> 90,066
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 8,422
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (459,569)
<NET-ASSETS> 27,030,115
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 98,853
<REALIZED-GAINS-CURRENT> 15,633
<APPREC-INCREASE-CURRENT> (459,569)
<NET-CHANGE-FROM-OPS> (345,083)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,787)
<DISTRIBUTIONS-OF-GAINS> (7,211)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,342,618
<NUMBER-OF-SHARES-REDEEMED> (77,935)
<SHARES-REINVESTED> 1,342
<NET-CHANGE-IN-ASSETS> 27,005,115
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 8,543,211
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> 1.37
<PER-SHARE-DIVIDEND> 0.16
<PER-SHARE-DISTRIBUTIONS> 0.13
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 11.92
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information
extracted from the Scudder Pathway Series:
International Portfolio Semiannual Report for the
period ended March 31, 1997 and is qualified in its
entirety by reference to such financial statements.
</LEGEND>
<SERIES>
<NUMBER> 4
<NAME> SCUDDER PATHWAY SERIES: INTERNATIONAL PORTFOLIO
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> AUG-31-1997
<PERIOD-START> NOV-15-1996
<PERIOD-END> MAR-31-1997
<INVESTMENTS-AT-COST> 4,524,632
<INVESTMENTS-AT-VALUE> 4,535,283
<RECEIVABLES> 95,703
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 4,630,986
<PAYABLE-FOR-SECURITIES> 51,463
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10,939
<TOTAL-LIABILITIES> 62,402
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4,544,168
<SHARES-COMMON-STOCK> 374,781
<SHARES-COMMON-PRIOR> 2,083
<ACCUMULATED-NII-CURRENT> 10,878
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 2,887
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 10,651
<NET-ASSETS> 4,568,584
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 0
<OTHER-INCOME> 0
<EXPENSES-NET> 0
<NET-INVESTMENT-INCOME> 19,269
<REALIZED-GAINS-CURRENT> 6,243
<APPREC-INCREASE-CURRENT> 10,651
<NET-CHANGE-FROM-OPS> 36,163
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8,391)
<DISTRIBUTIONS-OF-GAINS> (3,356)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 387,829
<NUMBER-OF-SHARES-REDEEMED> (16,050)
<SHARES-REINVESTED> 918
<NET-CHANGE-IN-ASSETS> 4,543,584
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 1,823,777
<PER-SHARE-NAV-BEGIN> 0.00
<PER-SHARE-NII> (0.11)
<PER-SHARE-GAIN-APPREC> (0.26)
<PER-SHARE-DIVIDEND> 0.25
<PER-SHARE-DISTRIBUTIONS> 0.10
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 12.19
<EXPENSE-RATIO> 0.00
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>