SCUDDER
Scudder Pathway Series:
International Portfolio
Supplement to Prospectus
Dated January 1, 1999
The following supplements information in the "Portfolio Summaries" section
beginning on page 2:
The Board of Trustees of Scudder Pathway Series has approved the liquidation of
International Portfolio (the "Portfolio"). The liquidation of the Portfolio
shares is scheduled to occur on or about August 20, 1999. Effective as of the
close of business on May 13, 1999, the Portfolio is closed to new investors. The
following may continue to make additional purchases and to reinvest dividends
and capital gains in existing accounts in the Portfolio:
1. Shareholders of the Portfolio;
2. Investment advisers that invest through existing accounts at a financial
intermediary; and
3. Qualified defined contribution retirement plans (i.e. 401(k) plans, profit
sharing plans and money purchase pension plans), 403(b) plans and 457 plans
that invest through existing accounts at a financial intermediary.
The liquidation or redemption of shares will be a taxable event for shareholders
with the exception of those participating in a qualified defined contribution,
defined benefit or other qualified retirement vehicle.
May 20, 1999
