CONSENT OF ERNST & YOUNG LLP, INDEPENDENT AUDITORS

We  consent  to the  references  to  our  firm  under  the  captions  "Financial
Highlights" for Scudder S&P 500 Stock Fund (one of the series comprising Scudder
Investors Trust) in the Core/Index  Funds  Prospectus and "Independent  Auditors
and Reports to Shareholders" and "Financial Statements" in the Scudder Investors
Trust Statement of Additional  Information and to the incorporation by reference
in Post-Effective  Amendment Number 14 to the Registration Statement (Form N-1A,
No. 333-65661) of our report dated October 16, 2002 on the financial  statements
and  financial  highlights  of Scudder S&P 500 Stock Fund included in the Annual
Report dated August 31, 2002.

                                                 /s/ERNST & YOUNG LLP

                                                 ERNST & YOUNG LLP

Boston, Massachusetts
December 26, 2002