Exhibit (i)
[Dechert Letterhead]

December 27, 2002


Scudder Investors Trust
Two International Place
Boston, MA 02110

Re:      Post-Effective  Amendment No. 13 to the Registration  Statement on Form
         N-1A (SEC File No. 333-65661)

Ladies and Gentlemen:

Scudder  Investors Trust,  formerly Kemper Funds Trust, (the "Trust") is a trust
created  under a written  Declaration  of Trust  dated  October  14,  1998.  The
Declaration  of Trust,  as  amended  from time to time,  is  referred  to as the
"Declaration  of Trust." The beneficial  interest under the Declaration of Trust
is  represented by  transferable  shares with a par value of $.01 per share (the
"Shares").  The Trustees have the powers set forth in the  Declaration of Trust,
subject to the terms, provisions and conditions therein provided.

We are of the opinion that all legal requirements have been complied with in the
creation of the Trust and that said Declaration of Trust is legal and valid.

Under  Article V,  Section 5.4 of the  Declaration  of Trust,  the  Trustees are
empowered,  in their  discretion,  from time to time,  to issue  Shares for such
amount and type of consideration, at such time or times and on such terms as the
Trustees may deem best.  Under  Article V, Section 5.1, it is provided  that the
number  of Shares  authorized  to be issued  under the  Declaration  of Trust is
unlimited.  Under  Article V,  Section  5.11,  the Trustees  may  authorize  the
division of Shares into two or more series and under  Article V,  Section  5.13,
the  Trustees may also  authorize  the division of Shares of series of the Trust
into two or more classes. By written instruments, the Trustees have from time to
time established  various series of the Trust and various classes of the series.
The Shares are  currently  divided  into one series,  Scudder S&P 500 Stock Fund
(the  "Fund").  Currently,  the Shares of the Fund are divided  into two or more
classes.

By vote  adopted on July 24,  2002,  the  Trustees of the Trust  authorized  the
President,  any Vice  President,  the Secretary and the Treasurer,  from time to
time, to cause to be registered  with the Securities and Exchange  Commission an
indefinite number of Shares of the Trust and its series and to cause such Shares
to be issued and sold to the public.

We  understand  that you are  about to file  with the  Securities  and  Exchange
Commission,  on  Form  N-1A,  Post-Effective  Amendment  No.  13 to the  Trust's
Registration  Statement (the "Registration  Statement") under the Securities Act
of 1933, as amended (the  "Securities  Act"),  in connection with the continuous
offering of the Shares of the Fund. We  understand  that our opinion is required
to be filed as an exhibit to the Registration Statement.





Scudder Investors Trust
December 27, 2002
Page 2



We are of the opinion that all necessary Trust action  precedent to the issue of
the Shares of the Fund named above has been duly taken, and that all such Shares
may be legally and validly issued for cash, and when sold will be fully paid and
non-assessable  by  the  Trust  upon  receipt  by the  Trust  or  its  agent  of
consideration  for such Shares in accordance with the terms in the  Registration
Statement, subject to compliance with the Securities Act, the Investment Company
Act of 1940,  as  amended,  and  applicable  state laws  regulating  the sale of
securities.

We  consent  to your  filing  this  opinion  with the  Securities  and  Exchange
Commission as an Exhibit to Post-Effective  Amendment No. 13 to the Registration
Statement.

Very truly yours,

/s/ DECHERT