-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, N39PxEhtTHLv5JLqK8cBETn3Hlw4j1vALiwZVfNXTrqTNmK97DzkHHviT76PpBc0 QC+xmC7JG/daZitF+IkKqQ== 0000088053-04-000797.txt : 20040929 0000088053-04-000797.hdr.sgml : 20040929 20040929142003 ACCESSION NUMBER: 0000088053-04-000797 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040731 FILED AS OF DATE: 20040929 DATE AS OF CHANGE: 20040929 EFFECTIVENESS DATE: 20040929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCUDDER BLUE CHIP FUND CENTRAL INDEX KEY: 0000823342 IRS NUMBER: 363542349 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05357 FILM NUMBER: 041052338 BUSINESS ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3125371569 MAIL ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER BLUE CHIP FUND DATE OF NAME CHANGE: 19920703 N-Q 1 n-q_coverbcf.txt N-Q UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY ------------------------------- Investment Company Act file number 811-5357 Scudder Blue Chip Fund ---------------------- (Exact name of registrant as specified in charter) 222 South Riverside Plaza Chicago, IL 60606 ----------------- (Address of principal executive offices) (Zip code) Salvatore Schiavone Two International Place Boston, Massachusetts 02110 --------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (617) 295-2663 -------------- Date of fiscal year end: 10/31 ----- Date of reporting period: 7/31/04 --------- Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS Scudder Blue Chip Fund Investment Portfolio as of July 31, 2004 (unaudited)
Shares Value ($) Common Stocks 94.2% Consumer Discretionary 13.2% Auto Components 1.1% Advance Auto Parts, Inc.* 50,900 1,889,408 American Axle & Manufacturing Holdings, Inc. 148,500 5,100,975 ----------- 6,990,383 Hotels Restaurants & Leisure 1.8% McDonald's Corp. 86,600 2,381,500 Starbucks Corp.* (c) 177,300 8,326,008 ----------- 10,707,508 Household Durables 0.3% Harman International Industries, Inc. 2,600 222,898 Ryland Group, Inc. 15,400 1,192,268 The Stanley Works 7,300 309,520 ----------- 1,724,686 Internet & Catalog Retail 0.4% eBay, Inc.* 33,600 2,631,888 Leisure Equipment & Products 0.3% Hasbro, Inc. 37,100 674,107 Marvel Enterprises, Inc.* (c) 92,000 1,200,600 ----------- 1,874,707 Media 3.4% Gannett Co., Inc. 28,300 2,352,862 Getty Images, Inc.* 53,300 2,911,246 McGraw-Hill Companies, Inc. 111,900 8,399,214 Time Warner, Inc.* 412,300 6,864,795 UnitedGlobalCom, Inc. "A"* 66,600 422,244 ----------- 20,950,361 Multiline Retail 1.4% Federated Department Stores, Inc. 31,600 1,514,272 Saks, Inc. 373,400 4,872,870 The May Department Stores Co. 88,400 2,345,252 ----------- 8,732,394 Specialty Retail 3.7% American Eagle Outfitters, Inc.* 154,600 5,066,242 Barnes & Noble, Inc.* 169,300 5,820,534 Claire's Stores, Inc. 260,200 5,997,610 Rent-A-Center, Inc.* 41,000 1,202,940 The Gap, Inc. 218,300 4,955,410 ----------- 23,042,736 Textiles, Apparel & Luxury Goods 0.8% Coach, Inc.* 119,600 5,117,684 Consumer Staples 7.7% Beverages 1.1% Adolph Coors Co. "B" (c) 13,400 921,384 Coca-Cola Co. 101,800 4,464,948 Coca-Cola Enterprises, Inc. 77,400 1,578,960 ----------- 6,965,292 Food & Drug Retailing 2.0% 7-Eleven, Inc.* 26,800 459,620 Supervalu, Inc. 45,900 1,310,904 Sysco Corp. 253,300 8,726,185 Wal-Mart Stores, Inc. 35,200 1,865,952 ----------- 12,362,661 Food Products 0.9% Kellogg Co. 37,300 1,553,918 Sara Lee Corp. 182,400 4,005,504 ----------- 5,559,422 Household Products 1.3% Procter & Gamble Co. 157,900 8,234,485 Personal Products 1.6% Gillette Co. 254,400 9,916,512 Tobacco 0.8% Altria Group, Inc. 102,900 4,898,040 Energy 7.2% Oil & Gas 7.2% Apache Corp. 11,600 539,748 Chesapeake Energy Corp. 93,500 1,435,225 Devon Energy Corp. 112,500 7,817,625 ExxonMobil Corp. 155,686 7,208,262 Noble Energy, Inc. 16,000 884,960 Occidental Petroleum Corp. 162,300 7,996,521 Pogo Producing Co. 35,800 1,588,804 Sunoco, Inc. 115,200 7,853,184 Valero Energy Corp. 93,000 6,967,560 Williams Companies, Inc. 193,300 2,348,595 ----------- 44,640,484 Financials 17.7% Banks 6.3% Bank of America Corp. 83,500 7,098,335 Golden West Financial Corp. 71,400 7,633,374 National City Corp. 29,000 1,058,500 PNC Financial Services Group 54,700 2,767,820 Regions Financial Corp. (c) 27,400 813,506 US Bancorp. 199,800 5,654,340 Wachovia Corp. 168,300 7,457,373 Wells Fargo & Co. 114,700 6,584,927 ----------- 39,068,175 Capital Markets 2.7% Lehman Brothers Holdings, Inc. 43,700 3,063,370 Merrill Lynch & Co., Inc. 95,600 4,753,232 Morgan Stanley 186,700 9,209,911 ----------- 17,026,513 Consumer Finance 1.0% Capital One Finance Corp. 40,000 2,772,800 Providian Financial Corp.* 248,700 3,442,008 ----------- 6,214,808 Diversified Financial Services 3.2% Citigroup, Inc. 113,666 5,011,534 Freddie Mac 36,000 2,315,160 JPMorgan Chase & Co. 336,200 12,550,346 ----------- 19,877,040 Insurance 3.4% American International Group, Inc. 18,100 1,278,765 Chubb Corp. 67,900 4,670,162 Loews Corp. 22,300 1,262,849 MetLife, Inc. 75,100 2,678,817 Odyssey Re Holdings Corp. (c) 14,300 333,905 Progressive Corp. 30,200 2,313,924 W.R. Berkley Corp. 201,275 8,240,198 ----------- 20,778,620 Real Estate 1.1% Apartment Investment & Management Co. (REIT) 26,300 840,811 Avalonbay Communities, Inc. (REIT) 12,400 721,680 Boston Properties, Inc. (REIT) 14,800 782,920 Equity Office Properties Trust (REIT) 61,800 1,603,710 Equity Residential (REIT) 52,400 1,548,420 Hospitality Properties Trust (REIT) 20,100 801,588 Liberty Property Trust (REIT) 13,200 506,880 ----------- 6,806,009 Health Care 13.2% Biotechnology 0.9% Charles River Laboratories International, Inc.* 122,900 5,539,103 Health Care Equipment & Supplies 2.5% Baxter International, Inc. 123,600 3,716,652 Becton, Dickinson and Co. 127,300 6,012,379 IDEXX Laboratories, Inc.* 95,900 4,832,401 Zimmer Holdings, Inc.* 17,100 1,304,901 ----------- 15,866,333 Health Care Providers & Services 2.4% Coventry Health Care, Inc.* 4,700 240,217 IMS Health, Inc. 76,400 1,851,936 Lincare Holdings, Inc.* 91,600 2,925,704 UnitedHealth Group, Inc. 155,500 9,780,950 14,798,807 Pharmaceuticals 7.4% Abbott Laboratories 63,700 2,506,595 Allergan, Inc. 38,900 2,942,396 Andrx Corp.* 137,200 3,558,968 Endo Pharmaceuticals Holdings, Inc.* 68,100 1,307,520 Genentech, Inc.* 102,900 5,009,172 Johnson & Johnson 291,550 16,113,969 Pfizer, Inc. 419,200 13,397,632 Valeant Pharmaceuticals International (c) 51,300 898,263 ----------- 45,734,515 Industrials 12.2% Aerospace & Defense 3.8% Boeing Co. 178,700 9,069,025 General Dynamics Corp. 85,300 8,429,346 Raytheon Co. 173,300 5,814,215 United Defense Industries, Inc.* 6,200 214,830 ----------- 23,527,416 Air Freight & Logistics 3.5% CNF, Inc. 33,200 1,369,832 FedEx Corp. 2,400 196,512 J.B. Hunt Transport Services, Inc. 139,400 5,354,354 Ryder System, Inc. 206,300 8,850,270 United Parcel Service, Inc. "B" 77,500 5,576,900 ----------- 21,347,868 Commercial Services & Supplies 1.3% Cendant Corp. 314,100 7,186,608 Corporate Executive Board Co. 10,700 606,690 ----------- 7,793,298 Industrial Conglomerates 3.4% 3M Co. 138,500 11,406,860 General Electric Co. 295,500 9,825,375 ----------- 21,232,235 Road & Rail 0.2% Swift Transportation Co., Inc.* 67,800 1,354,305 Information Technology 13.2% Communications Equipment 1.7% Cisco Systems, Inc.* 157,200 3,279,192 QUALCOMM, Inc. 101,900 7,039,252 ----------- 10,318,444 Computers & Peripherals 2.6% International Business Machines Corp. 156,000 13,582,920 Storage Technology Corp.* 110,900 2,766,955 ----------- 16,349,875 Internet Software & Services 0.1% Yahoo!, Inc.* 22,000 677,600 IT Consulting & Services 0.4% Unisys Corp.* 262,300 2,685,952 Semiconductors & Semiconductor Equipment 5.1% Advanced Micro Devices, Inc.* (c) 243,500 3,041,315 Atmel Corp.* 446,900 1,912,732 Cree, Inc.* (c) 162,300 3,632,274 Intel Corp. 544,600 13,277,348 Maxim Integrated Products, Inc. 108,100 5,199,610 Micron Technology, Inc.* (c) 307,900 4,165,887 ----------- 31,229,166 Software 3.3% Adobe Systems, Inc. 120,700 5,091,126 Electronic Arts, Inc.* 125,500 6,291,315 Microsoft Corp. 242,600 6,904,396 Symantec Corp.* 43,200 2,020,032 ----------- 20,306,869 Materials 2.7% Chemicals 0.3% Monsanto Co. 56,200 2,037,812 Containers & Packaging 0.1% Owens-Illinois, Inc.* 54,000 793,800 Metals & Mining 1.3% Phelps Dodge Corp.* 79,200 6,172,848 United States Steel Corp. 39,700 1,514,158 ----------- 7,687,006 Paper & Forest Products 1.0% Louisiana-Pacific Corp. 259,400 6,142,592 Telecommunication Services 4.5% Diversified Telecommunication Services 3.1% BellSouth Corp. 199,900 5,415,291 CenturyTel, Inc. 12,200 378,078 Sprint Corp. 98,200 1,834,376 Verizon Communications, Inc. 298,500 11,504,190 ----------- 19,131,935 Wireless Telecommunication Services 1.4% Nextel Communications, Inc. "A"* 175,700 3,998,932 Nextel Partners, Inc. "A"* 191,100 3,070,977 Western Wireless Corp. "A"* 50,500 1,332,695 8,402,604 Utilities 2.6% Electric Utilities 2.1% American Electric Power Co. 25,000 777,750 Exelon Corp. 286,100 9,984,890 PG&E Corp.* 79,400 2,266,076 ----------- 13,028,716 Multi-Utilities & Unregulated Power 0.5% AES Corp.* 287,500 2,774,375 Total Common Stocks (Cost $533,736,111) 582,881,034 Principal Amount ($) Value ($) ---------- --------- US Government Backed 0.5% US Treasury Bill, 1.38%**, 10/21/2004 (a) (Cost $2,975,732) 2,985,000 2,975,732 Shares Value ($) ------ --------- Securities Lending Collateral 3.4% Daily Assets Fund Institutional 1.29% (d) (e) (Cost $21,071,400) 21,071,400 21,071,400 Cash Equivalents 1.9% Scudder Cash Management QP Trust 1.38% (b) (Cost $12,109,873) 12,109,873 12,109,873 Total Investment Portfolio (Cost $569,893,116) 619,038,039 ==============
* Non-income producing security. ** Annualized yield at time of purchase; not a coupon rate. (a) At July 31, 2004, this security has been pledged to cover, in whole or part, initial margin requirements for open futures contracts. (b) Scudder Cash Management QP Trust is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end. (c) All or a portion of these securities were on loan. The value of all securities loaned at July 31, 2004 amounted to $18,876,652, which is 3.16% of net assets. (d) Daily Assets Fund Institutional, an affiliated fund, is managed by Deutsche Asset Management, Inc. The rate shown is the annualized seven-day yield at period end. (e) Represents collateral held in connection with securities lending. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: Scudder Blue Chip Fund By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: September 22, 2004 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Registrant: Scudder Blue Chip Fund By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: September 22, 2004 By: /s/ Charles A. Rizzo --------------------------- Charles A. Rizzo Chief Financial Officer Date: September 22, 2004 EX-99.CERT 2 cert.txt CERTIFICATION CERTIFICATIONS I, Julian Sluyters, certify that: 1. I have reviewed this report on Form N-Q of Scudder Blue Chip Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Registrant: Scudder Blue Chip Fund By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: September 22, 2004 CERTIFICATIONS I, Charles A. Rizzo, certify that: 1. I have reviewed this report on Form N-Q of Scudder Blue Chip Fund; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and (d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Registrant: Scudder Blue Chip Fund By: /s/ Charles A. Rizzo --------------------------- Charles A. Rizzo Chief Financial Officer Date: September 22, 2004 -----END PRIVACY-ENHANCED MESSAGE-----