Scudder Pathway Series
Supplement to Prospectus
Dated January 1, 1999
The following replaces the disclosure regarding Scudder Development Fund in the
"Underlying Scudder funds" section on page 17:
Scudder Development Fund (not available for the International Portfolio) seeks
long-term capital appreciation by investing primarily in U.S. companies with the
potential for above-average growth. The fund generally invests in equity
securities, including common stocks and convertible securities, of companies
that the fund's investment adviser, Scudder Kemper Investments, Inc. (the
"Adviser"), believes have the potential for above-average revenue, earnings,
business value and/or cash flow growth. The management team pursues a flexible
investment strategy in the selection of securities, not limited to any
particular investment sector, industry or company size. The fund may, depending
upon market circumstances, emphasize securities of small, medium or large-sized
companies from time to time.
The following replaces the disclosure regarding Scudder Value Fund in the
"Underlying Scudder funds" section on page 20:
Scudder Value Fund (not available for the International portfolio) seeks to
provide long-term growth of capital through investment in undervalued equity
securities. The fund invests primarily in
July 26, 1999
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the stocks of larger, established domestic companies with market capitalizations
of at least $1 billion. The Adviser uses in-depth fundamental and quantitative
research to identify companies that are currently undervalued in relation to
future business prospects.
July 26, 1999
