SCUDDER PATHWAY SERIES /NEW/
497, 2000-03-31
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                 Scudder Pathway Series - Conservative Portfolio
                   Scudder Pathway Series - Balanced Portfolio
                    Scudder Pathway Series - Growth Portfolio

    Supplement the Statement of Additional Information dated January 1, 2000



The  following  text  replaces  the  paragraph  under   "Remuneration"   in  the
Portfolios' Statement of Additional Information:

The Trust does not directly pay any Trustee an annual  Trustees' fee or fees for
Board and committee  meetings.  The  Independent  Trustees  receive  payment for
service on the Trust's  Board from  certain  underlying  funds in which the Fund
invests (each an "Underlying Fund," together,  the "Underlying  Funds") pursuant
to  special  servicing   agreement  which  provides  that,  subject  to  certain
limitations,  the  Underlying  Funds  assume all  expenses  of the  Trust.  Each
Independent  Trustee receives and annual Trustee's fee of $2,000 per fund, and a
fee of $200 per fund for attending each Board meeting,  Audit Committee  meeting
or other meeting held for purpose of considering  arrangements between the Trust
and Scudder Kemper,  or any of its other  affiliates.  Each Independent  Trustee
also  receives  $100 per fund for all other  committee  meetings  attended.  The
Trustees may be trustees/directors of the Underlying Funds. The Underlying Funds
generally    pay    their    Independent     trustees/directors     an    annual
trustee's/director's  fee and fees for  attending  board  meetings and reimburse
them for  expenses  related  to the  business  of any  series of the  applicable
trust/corporation.
The Board may determine to change this compensation structure in the future.

March 31, 2000



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