Supplement to the  currently  effective  Statements  of  Additional  Information
("SAIs") for the following fund:

Scudder Mid Cap Growth Fund

--------------------------------------------------------------------------------

The following  information amends the relevant  disclosure in the "Management of
the Fund - Investment Advisor" section of the SAIs:

Effective  September  19,  2005,  Scudder  Mid Cap  Growth  Fund  pays a monthly
investment  management  fee,  based on the average daily net assets of the fund,
computed  and accrued  daily and payable  monthly,  at 1/12 of the annual  rates
shown below:

Average Daily Net Assets                             Fee Rate
-------------------------------------------------------------

$0 - $500 million                                    0.650%
Next $1 billion                                      0.600%
Next $2.5 billion                                    0.550%
Next $2.5 billion                                    0.540%
Next $2.5 billion                                    0.530%
Next $2.5 billion                                    0.520%
Over $11.5 billion                                   0.510%














September 30, 2005