SCUDDER
                                                                     INVESTMENTS

Supplement to the currently effective Prospectus for each of the listed funds:

                                                                     
Scudder 21st Century Growth Fund     Scudder Dynamic Growth Fund           Scudder Latin America Fund
Scudder Aggressive Growth Fund       Scudder Global Discovery Fund         Scudder Quantitative Equity Fund
Scudder Blue Chip Fund               Scudder Large Company Value Fund      Scudder Strategic Income Fund
Scudder Development Fund




The following  people handle the day-to-day  management of each of the following
funds effective November 29, 2002:


Scudder 21st Century Growth Fund, Scudder Aggressive Growth
Fund, Scudder Development Fund, Scudder Dynamic Growth
Fund

  Audrey M.T. Jones, CFA
  Managing Director of Deutsche Asset Management and Portfolio
  Manager of the Funds.

   o Joined Deutsche Asset Management in 1986 and the Funds in 2002.
   o Portfolio manager with a primary focus on the credit sensitive,
     communications services, energy, process industries and transportation
     sectors.
   o Over 30 years of investment industry experience.
   o BBA, Pace University Lubin School of Business.
   o Joined the Funds in 2002.

  Sam A. Dedio
  Director of Deutsche Asset Management and Portfolio Manager of the
  Funds.

   o Joined Deutsche Asset Management in 1999 after eight years of experience,
     formerly serving as analyst at Ernst & Young, LLP, Evergreen Asset
     Management and Standard & Poor's Corp.
   o Portfolio manager for US small- and mid-cap equity and senior small cap
     analyst for technology.
   o MS, American University.
   o Joined the Funds in 2002.

  Doris R. Klug, CFA
  Director of Deutsche Asset Management and Portfolio Manager of
  the Funds.

    o Joined Deutsche Asset Management in 2000 and the Funds in 2002.
    o Portfolio manager with a primary focus on the consumer and capital goods
      sectors.
    o Vice President of Mutual of America from 1993-2000.
    o Over 21 years of financial industry experience.
    o MBA, Stern School of Business, New York University.

Scudder Blue Chip Fund, Scudder Quantitative Equity Fund

  David Koziol, CFA
  Director of Deutsche Asset Management and Co-Manager of the Funds.

   o Joined Deutsche Asset Management in 2001 as head of Global Quantitative
     Equity Research and international portfolio manager.
   o Head of Quantitative Equity Strategies: New York.
   o Previously served as principal in the Advanced Strategies and Research
     Group at Barclay's Global Investors, where he developed quantitative
     equity, fixed income and hedge fund products, and as an investment banker
     at Salomon Brothers.
   o MBA, Massachusetts Institute of Technology.
   o Joined the Funds in 2002.

  Michael S. Patchen
  Assistant Vice President of Deutsche Asset Management and Co-Manager of the
  Funds.

   o Portfolio manager of international quantitative strategies: New York.
   o Joined Deutsche Asset Management in 2000, with four years of experience
     including global strategies associate at AQR Capital Management and asset
     allocation analyst at Goldman Sachs Asset Management.
   o Joined the Funds in 2002.

  Joshua Feuerman, CFA
  Managing Director of Deutsche Asset Management and Portfolio Manager of the
  Funds.

   o Joined Deutsche Asset Management in 1999 and the Funds in 2002.
   o Director of Investment Product Strategies: New York.
   o 10 years of experience at State Street Global Advisors where he served as
     head of international strategies, including emerging and developed markets,
     and earlier in product engineering and international equity
     research.
   o MBA, University of Chicago.

Scudder Global Discovery Fund

  Joseph Axtell, CFA
  Vice President of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management in 2001.
   o Senior analyst at Merrill Lynch Investment Managers for the international
     equity portion of a global balanced portfolio (1996-2001).
   o Director, International Research at PCM International (1989-1996).
   o Associate manager, structured debt and equity group at Prudential Capital
     Corporation (1988-1989).
   o Analyst at Prudential-Bache Capital Funding in London (1987-1988).
   o Equity analyst in the healthcare sector at Prudential Equity Management
     Associates (1985-1987).
   o Joined the Fund in 2002.

November 20, 2002



  Gerald Moran, CFA
  Managing Director of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management's equity research and management area in
     1968 as an analyst, has focused
     on small company stocks since 1982 and has been a portfolio manager
     since 1985.
   o Over 34 years of investment industry experience.
   o Joined the Fund in 1992.

Scudder Large Company Value Fund

  David F. Hone, CFA
  Director of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management in 1996 as equity analyst for the
     investment bank, having since served as assistant portfolio manager for
     US Large Cap Value Equity and analyst for sectors including consumer
     cyclicals, consumer staples and financials, after eight years of experience
     as senior underwriter for Chubb & Son.
   o Portfolio manager for US large cap value equity: New York.
   o Joined the Fund in 2002.

  Lois R. Roman
  Managing Director of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management in 1994 and the Fund in 1995.
   o Over 16 years of investment industry experience.
   o MBA, Columbia University Graduate School of Business.

Scudder Latin America Fund

  Tara C. Kenney
  Senior Vice President of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management in 1995 and the Fund in 1996.
   o Over 16 years of investment industry experience.
   o MBA, Stern School of Business, New York University.

  Paul H. Rogers, CFA
  Senior Vice President of Deutsche Asset Management and Co-Manager of the Fund.

   o Joined Deutsche Asset Management in 1994 and the Fund in 1995.
   o Over 17 years of investment industry experience.
   o MBA, Stern School of Business, New York University.


Scudder Strategic Income Fund

  Jan C. Faller
  Managing Director of Deutsche Asset Management and Lead Manager of the Fund.

   o Joined Deutsche Asset Management in 1999 and the Fund in 2000.
   o Over 12 years of investment industry experience.
   o PanAgora Asset Management, bond and currency investment manager from 1995
     to 1999.
   o MBA, Amos Tuck School, Dartmouth College.

  Andrew P. Cestone
  Director of Deutsche Asset Management and Portfolio Manager of the Fund.

    o Joined Deutsche Asset Management in March 1998 and the Fund in 2002.
    o Prior to that, Investment Analyst, Phoenix Investment Partners, from
      1997 to 1998. Prior to that, Credit Officer, asset based lending group,
      Fleet Bank, from 1995 to 1997.

  Sean P. McCaffrey, CFA
  Managing Director of Deutsche Asset Management and Portfolio Manager
  of the Fund.

   o Joined Deutsche Asset Management in 1996 after five years of experience as
     fixed income analyst specializing in synthetic GIC bond portfolios at
     Fidelity Investments.
   o Portfolio Manager for stable value strategies, responsible for overseeing
     the group's stable value and bond index efforts in asset-backed and
     mortgage-backed securities as well as other financial instruments
     underlying synthetic GICs: New York.
   o MBA, Yale University.
   o Joined the Fund in 2002.

  Ian Clarke
  Managing Director of Deutsche Asset Management.

   o Joined Deutsche Asset Management in 1999 after 15 years of experience,
     previously serving The United Bank of Kuwait plc as a senior global fixed
     income portfolio manager and as an executive director at Morgan
     Stanley Dean Witter.
   o Chief Investment Officer of Global Fixed Income and responsible for global
     allocation strategy: London.
   o Joined the Fund in 2002.

  Brett Diment
  Managing Director of Deutsche Asset Management.

   o Joined Deutsche Asset Management in 1991 and the Fund in 2002.
   o Over 12 years of investment industry experience.
   o Head of emerging market debt for London Fixed Income and responsible for
     coordinating research into Continental European markets and managing global
     fixed income, balanced and cash based portfolios: London.

  Edwin Gutierrez
  Vice President of Deutsche Asset Management.

   o Joined Deutsche Asset Management in 2000 after five years of experience
     including emerging debt portfolio manager at INVESCO Asset Management
     responsible for Latin America and Asia and economist responsible for
     Latin America at LGT Asset Management.
   o MSc, Georgetown University.
   o Joined the Fund in 2002.