SCUDDER PATHWAY SERIES /NEW/
497, 1998-12-07
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                                                                 SCUDDER  [logo]

    Supplement to currently effective Prospectus of each of the listed funds

Scudder Classic Growth Fund               Scudder International Growth and
Scudder Corporate Bond Fund               Income Fund                     
Scudder Emerging Markets Growth Fund      Scudder International Value Fund
Scudder Financial Services Fund           Scudder Large Company Value Fund
Scudder Global Bond Fund                  Scudder Pathway Series:         
Scudder Global Discovery Fund               Balanced Portfolio            
Scudder Greater Europe Growth Fund          Conservative Portfolio        
Scudder Health Care Fund                    Growth Portfolio              
Scudder International Fund                  International Portfolio       
Scudder International Growth Fund         Scudder Technology Fund         
                                          Scudder Value Fund              
                                          
The following  supplements  information found in the "Fund Organization" section
of each Fund's or Portfolio's prospectus:

Euro Conversion

The planned  introduction  of a new European  currency,  the Euro, may result in
uncertainties  for  European  securities  in the markets in which they trade and
with  respect  to the  operation  of each  Fund  or  Portfolio,  as  applicable.
Currently,  the Euro is expected to be  introduced  on January 1, 1999 by eleven
European  countries that are members of the European Economic and Monetary Union
(EMU). The introduction of the Euro will require the  redenomination of European
debt and equity  securities  over a period of time,  which may result in various
accounting  differences  and/or tax treatments  that otherwise  would not likely
occur.  Additional  questions  are  raised  by the fact that  certain  other EMU
members,  including the United Kingdom,  will not officially be implementing the
Euro on January 1, 1999. If the  introduction of the Euro does not take place as
planned,  there could be negative effects,  such as severe currency fluctuations
and market disruptions.

Scudder Kemper  Investments,  Inc., the Funds' Adviser,  is actively  working to
address Euro-related issues and understands that other key service providers are
taking similar steps.  At this time,  however,  no one knows  precisely what the
degree of impact  will be. To the extent  that the market  impact or effect on a
portfolio holding is negative, it could hurt the portfolio's performance.



December 8, 1998


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