Exhibit (i)



[VEDDER, PRICE LETTERHEAD]

                                                                January 21, 2003



Scudder Blue Chip Fund
222 South Riverside Plaza
Chicago, Illinois 60606

Ladies and Gentlemen:

         Reference  is  made  to   Post-Effective   Amendment   No.  24  to  the
Registration Statement on Form N-1A under the Securities Act of 1933 being filed
by Scudder Blue Chip Fund (the "Fund") in  connection  with the public  offering
from  time to time of units of  beneficial  interest,  no par  value of Class A,
Class B, Class C and Class I shares  ("Shares"),  in one authorized  series (the
"Portfolio").

         We have acted as counsel to the Fund, and in such capacity are familiar
with the Fund's organization and have counseled the Fund regarding various legal
matters. We have examined such Fund records and other documents and certificates
as we have considered necessary or appropriate for the purposes of this opinion.
In our  examination of such  materials,  we have assumed the  genuineness of all
signatures and the conformity to original  documents of all copies  submitted to
us.

         Based upon the  foregoing  and  assuming  that the Fund's  Amended  and
Restated  Agreement  and  Declaration  of Trust dated May 27, 1994,  the Written
Instrument Establishing and Designating Separate Classes of Shares dated May 27,
1994, the Amended and Restated Written  Instrument  Establishing and Designating
Separate  Classes of Shares dated March 9, 1996, the Certificate of Amendment of
Declaration  of Trust  dated  November  29,  2000,  and the  By-Laws of the Fund
adopted  October 6, 1987 and amended  November 29, 2000,  are  presently in full
force and effect and have not been amended in any material  respect and that the
resolutions  adopted  by the Board of  Trustees  of the Fund on October 6, 1987,
January 14, 1994, March 5, 1994, March 9, 1996, and November 29, 2000,  relating
to  organizational  matters,  securities  matters and the issuance of shares are
presently  in full force and effect  and have not been  amended in any  material
respect,  we  advise  you and  opine  that  (a) the Fund is a  validly  existing
voluntary   association  with   transferable   shares  under  the  laws  of  the
Commonwealth of Massachusetts  and is authorized to issue an unlimited number of
Shares in the Portfolio; and (b) presently and upon such further issuance of the
Shares  in  accordance  with the  Fund's  Amended  and  Restated  Agreement  and
Declaration  of Trust and the  receipt by the Fund of a purchase  price not less
than the net asset  value per Share  and when the  pertinent  provisions  of the
Securities  Act of  1933  and  such  "blue-sky"  and  securities  laws as may be
applicable  have






Scudder Blue Chip Fund
January 21, 2003
Page 2

been complied  with,  and assuming  that the Fund  continues to validly exist as
provided  in  (a)  above,  the  Shares  are  and  will  be  legally  issued  and
outstanding, fully paid and nonassessable.

         The Fund is an entity of the type  commonly  known as a  "Massachusetts
business trust." Under  Massachusetts  law,  shareholders  could,  under certain
circumstances,  be held personally liable for the obligations of the Fund or the
Portfolio.  However, the Amended and Restated Agreement and Declaration of Trust
disclaims  shareholder  liability  for acts and  obligations  of the Fund or the
Portfolio  and requires  that notice of such  disclaimer  be given in each note,
bond, contract,  instrument,  certificate share or undertaking made or issued by
the  Trustees or officers of the Fund.  The Amended and Restated  Agreement  and
Declaration  of Trust  provides for  indemnification  out of the property of the
Portfolio  for all loss and expense of any  shareholder  of the  Portfolio  held
personally  liable for the  obligations  of such  Portfolio.  Thus,  the risk of
liability is limited to  circumstances in which the Portfolio would be unable to
meet its obligations.

         This opinion is solely for the benefit of the Fund, the Fund's Board of
Trustees and the Fund's  officers and may not be relied upon by any other person
without our prior written consent.  We hereby consent to the use of this opinion
in connection with said Post-Effective Amendment.

                                     Very truly yours,

                                     /s/ Vedder Price Kaufman & Kammholz

                                     VEDDER, PRICE, KAUFMAN & KAMMHOLZ

RJM/DBE