Exhibit (k)(9)

Fund:             Scudder Floating Rate Fund (the "Fund")
Class:            Class B (the "Class")


                     AMENDED AND RESTATED DISTRIBUTION PLAN

         This Amended and Restated Distribution Plan (the "Plan") has been
adopted for the Fund with respect to the Class (all as noted and defined above)
by a majority of the members of the Fund's Board of Trustees (the "Board"),
including a majority of the Board members who are not "interested persons" of
the Fund and who have no direct or indirect financial interest in the operation
of the Plan or in any agreements related to the Plan (the "Qualified Board
Members") at a meeting called for the purpose of voting on this Plan. The Plan
has been adopted pursuant to the terms of an exemptive order from the Securities
and Exchange Commission which provides that the Fund may adopt a Plan pursuant
to the terms and conditions of Rule 12b-1 under the Investment Company Act of
1940, as amended (the "Act") as if that rule were applicable to the Fund.

         1. Compensation. The Fund will pay to Scudder Distributors, Inc.
("SDI") at the end of each calendar month a distribution services fee computed
at the annual rate of 0.60% of the average daily net assets attributable to the
Class. SDI may compensate various financial services firms appointed by SDI
("Firms") in accordance with the provisions of the Fund's Underwriting and
Distribution Services Agreement (the "Distribution Agreement") for sales of
shares at the fee levels provided in the Fund's prospectus from time to time.
SDI may pay other commissions, fees or concessions to Firms, and may pay them to
others in its discretion, in such amounts as SDI may determine from time to
time. The distribution services fee for the Class shall be based upon the
average daily net assets attributable to the Class and such fee shall be charged
only to that Class. For the month and year in which this Plan becomes effective
or terminates, there shall be an appropriate proration of the distribution
services fee set forth herein on the basis of the number of days that the Plan,
the Distribution Agreement and any agreement related to the Plan is in effect
during the month and year, respectively. The distribution services fee shall be
in addition to and shall not be reduced or offset by the amount of any
contingent deferred sales charge received by SDI.

         2. Additional Services. Pursuant to the terms of a Shareholder Services
Agreement (the "Services Agreement"), SDI provides information and
administrative services for the benefit of the Fund and its shareholders. This
Plan authorizes the Fund to pay SDI the administrative services fee computed at
an annual rate of up to 0.25 of 1% of the average daily net assets of the Class,
as set forth in the Services Agreement. As described in the Services Agreement,
SDI may use the administrative services fee to compensate various Firms for
providing such office space and equipment, telephone facilities, personnel or
other services as may be necessary or beneficial for providing information and
services to investors in the Fund. Such services and assistance may include, but
are not limited to, establishing and maintaining accounts and records,
processing purchase and redemption transactions, answering routine inquiries
regarding the Fund and its special features, providing assistance to investors
in changing dividend and investment options, account designations and addresses,
and such other administrative services as the Fund




or SDI may reasonably request.

         3. Periodic Reporting. SDI shall prepare reports for the Board on a
quarterly basis for the Class showing amounts paid to the various Firms pursuant
to this Plan, the Services Agreement and any other related agreement, the
purpose for such expenditure, and such other information as from time to time
shall be reasonably requested by the Board.

         4. Continuance. This Plan shall continue in effect indefinitely,
provided that such continuance is approved at least annually by a vote of a
majority of the Board, and of the Qualified Board Members, cast in person at a
meeting called for such purpose.

         5. Termination. This Plan may be terminated at any time without penalty
with respect to the Class by vote of a majority of the Qualified Board Members
or by vote of the majority of the outstanding voting securities of the Class.

         6. Amendment. This Plan may not be amended to materially increase the
amount to be paid to SDI by the Fund for its services under the Services
Agreement with respect to the Class without the vote of a majority of the
outstanding voting securities of the Class. All material amendments to this Plan
must in any event be approved by a vote of a majority of the Board, and of the
Qualified Board Members, cast in person at a meeting called for such purpose.

         7. Selection of Non-Interested Board Members. So long as this Plan is
in effect, the selection and nomination of those Board members who are not
interested persons of the Fund will be committed to the discretion of Board
members who are not themselves interested persons.

         8. Recordkeeping. The Fund will preserve copies of this Plan, the
Services Agreement and all reports made pursuant to Paragraph 2 above for a
period of not less than six (6) years from the date of this Plan, the Services
Agreement or any such report, as the case may be, the first two (2) years in an
easily accessible place.

         9. Limitation of Liability. Any obligation of the Fund hereunder shall
be binding only upon the assets of the Class and shall not be binding on any
Board member, officer, employee, agent, or shareholder of the Fund. Neither the
authorization of any action by the Board members or shareholders of the Fund nor
the adoption of the Plan on behalf of the Fund shall impose any liability upon
any trustees or upon any shareholder.

         10. Definitions. The terms "interested person" and "vote of a majority
of the outstanding voting securities" shall have the meanings set forth in the
Act and the rules and regulations thereunder.

         11. Severability; Separate Action. If any provision of this Plan shall
be held or made invalid by a court decision, rule or otherwise, the remainder of
this Plan shall not be affected thereby. Action shall be taken separately for
the Class as the Act or the rules thereunder so require.


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Dated:  July 1, 2001


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