SCUDDER PATHWAY SERIES /NEW/
497, 1998-02-20
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SCUDDER                                                               [logo]

Scudder Pathway Series:
Conservative Portfolio
Balanced Portfolio

Supplement to Prospectus
Dated February 1, 1998

On February 6, 1998,  the Board of Trustees of Scudder  Pathway  Series voted to
change  the  dividend  distribution  dates  of the  Conservative  Portfolio  and
Balanced  Portfolio.  Dividends will be paid quarterly to shareholders in March,
June, September and December. This change will become effective March 1998.


February 6, 1998



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