497 1 sp123105mega.txt 497 PROSPECTUS STICKER SCUDDER INVESTMENTS Supplement to the currently effective prospectuses of each of the funds listed below: Effective February 6, 2006, Scudder Investments will change its name to DWS Scudder and the Scudder funds will be renamed DWS funds. The DWS Scudder name represents the alignment of Scudder with all of Deutsche Bank's mutual fund operations around the globe as part of our continuing commitment to superior performance, innovative products and quality services. On February 6, 2006, the funds will be listed as part of the DWS fund family under the letter "D" in the mutual fund listing section of the newspapers. In addition, the Web site for all Scudder funds will change to www.dws-scudder.com. The new fund names will be as follows:
-------------------------------------------------------------------------------------------------------------------------- Current Name New Name, Effective February 6, 2006 -------------------------------------------------------------------------------------------------------------------------- Scudder Blue Chip Fund DWS Blue Chip Fund -------------------------------------------------------------------------------------------------------------------------- Scudder California Tax-Free Income Fund DWS California Tax-Free Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Capital Growth Fund DWS Capital Growth Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Cash Investment Trust DWS Cash Investment Trust -------------------------------------------------------------------------------------------------------------------------- Scudder Commodity Securities Fund DWS Commodity Securities Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Dreman Concentrated Value Fund DWS Dreman Concentrated Value Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Dreman Financial Services Fund DWS Dreman Financial Services Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Dreman High Return Equity Fund DWS Dreman High Return Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Dreman Mid Cap Value Fund DWS Dreman Mid Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Dreman Small Cap Value Fund DWS Dreman Small Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- Scudder EAFE Equity Index Fund DWS EAFE Equity Index Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Equity 500 Index Fund DWS Equity 500 Index Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Emerging Markets Fund DWS Emerging Markets Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Emerging Markets Income Fund DWS Emerging Markets Fixed Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Fixed Income Fund DWS Core Fixed Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Flag Investors Communications Fund, Inc. DWS Communications Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Flag Investors Equity Partners Fund, Inc. DWS Equity Partners Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Flag Investors Value Builder Fund, Inc. DWS Value Builder Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Global Bond Fund DWS Global Bond Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Global Discovery Fund DWS Global Opportunities Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Global Fund DWS Global Thematic Fund -------------------------------------------------------------------------------------------------------------------------- Scudder GNMA Fund DWS GNMA Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Gold and Precious Metals Fund DWS Gold & Precious Metals Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Greater Europe Fund DWS Europe Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Growth and Income Fund DWS Growth & Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Government & Agency Money Fund DWS Government & Agency Money Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Health Care Fund DWS Health Care Fund -------------------------------------------------------------------------------------------------------------------------- Scudder High Income Fund DWS High Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder High Income Plus Fund DWS High Income Plus Fund -------------------------------------------------------------------------------------------------------------------------- Scudder High Yield Tax Free Fund DWS High Yield Tax Free Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Inflation Protected Plus Fund DWS Inflation Protected Plus Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Income Fund DWS Core Plus Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Intermediate Tax/AMT Free Fund DWS Intermediate Tax/AMT Free Fund -------------------------------------------------------------------------------------------------------------------------- Scudder International Fund DWS International Fund -------------------------------------------------------------------------------------------------------------------------- Scudder International Equity Fund DWS International Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder International Select Equity Fund DWS International Select Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Japanese Equity Fund DWS Japan Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Large Cap Value Fund DWS Large Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Large Company Growth Fund DWS Large Company Growth Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Latin America Fund DWS Latin America Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Lifecycle Long Range Fund DWS Lifecycle Long Range Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Limited Duration Plus Fund DWS Short Duration Plus Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Managed Municipal Bond Fund DWS Managed Municipal Bond Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Massachusetts Tax-Free Fund DWS Massachusetts Tax-Free Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Micro Cap Fund DWS Micro Cap Fund -------------------------------------------------------------------------------------------------------------------------- -------------------------------------------------------------------------------------------------------------------------- Current Name New Name, Effective February 6, 2006 -------------------------------------------------------------------------------------------------------------------------- Scudder Mid Cap Growth Fund DWS Mid Cap Growth Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Money Market Fund DWS Money Market Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Money Market Series DWS Money Market Series -------------------------------------------------------------------------------------------------------------------------- Scudder New York Tax-Free Income Fund DWS New York Tax-Free Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Pacific Opportunities Fund DWS Pacific Opportunities Equity Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Pathway Series: Conservative Portfolio DWS Conservative Allocation Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Pathway Series: Growth Plus Portfolio DWS Growth Plus Allocation Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Pathway Series: Growth Portfolio DWS Growth Allocation Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Pathway Series: Moderate Portfolio DWS Moderate Allocation Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Retirement Fund -- Series VI DWS Target 2006 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Retirement Fund -- Series VII DWS Target 2008 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder RREEF Real Estate Securities Fund DWS RREEF Real Estate Securities Fund -------------------------------------------------------------------------------------------------------------------------- Scudder S&P 500 Index Fund DWS S&P 500 Index Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Select 500 Fund DWS Enhanced S&P 500 Index Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Short Duration Fund DWS Short Duration Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Short Term Bond Fund DWS Short Term Bond Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Short-Term Municipal Bond Fund DWS Short-Term Municipal Bond Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Small Cap Growth Fund DWS Small Cap Growth Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Small Company Stock Fund DWS Small Cap Core Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Small Company Value Fund DWS Small Cap Value Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Strategic Income Fund DWS Strategic Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Target 2010 Fund DWS Target 2010 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Target 2011 Fund DWS Target 2011 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Target 2012 Fund DWS Target 2012 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Target 2013 Fund DWS Target 2013 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Target 2014 Fund DWS Target 2014 Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Tax Advantaged Dividend Fund DWS Equity Income Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Tax-Exempt Money Fund DWS Tax-Exempt Money Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Tax Free Money Fund DWS Tax Free Money Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Technology Fund DWS Technology Fund -------------------------------------------------------------------------------------------------------------------------- Scudder Total Return Fund DWS Balanced Fund -------------------------------------------------------------------------------------------------------------------------- Scudder U.S. Bond Index Fund DWS U.S. Bond Index Fund -------------------------------------------------------------------------------------------------------------------------- Scudder U.S. Government Securities Fund DWS U.S. Government Securities Fund -------------------------------------------------------------------------------------------------------------------------- Scudder U.S. Treasury Money Fund DWS U.S. Treasury Money Fund -------------------------------------------------------------------------------------------------------------------------- Also effective February 6, 2006, the Scudder service providers to the funds will change their names. The new service provider names will be as follows: ---------------------------------------------------------------------------------- Current Name New Name, Effective February 6, 2006 ---------------------------------------------------------------------------------- Scudder Distributors, Inc. DWS Scudder Distributors, Inc. ---------------------------------------------------------------------------------- Scudder Fund Accounting Corporation DWS Scudder Fund Accounting Corporation ---------------------------------------------------------------------------------- Scudder Investments Service Company DWS Scudder Investments Service Company ---------------------------------------------------------------------------------- Scudder Service Corporation DWS Scudder Service Corporation ---------------------------------------------------------------------------------- Scudder Trust Company DWS Trust Company ----------------------------------------------------------------------------------
Scudder Total Return Fund only: Effective February 6, 2006 and under the fund's new name, DWS Balanced Fund, the following supplements the disclosure in the third paragraph of "The Fund's Main Investment Strategy" section of the prospectuses: The fund normally invests approximately 60% of its net assets in common stocks and other equity securities and approximately 40% of its net assets in fixed-income securities, including lower-quality debt securities. These percentages will fluctuate in response to changing market conditions, but the fund will at all times invest at least 25% of net assets in fixed-income senior securities. Please Retain This Supplement for Future Reference December 31, 2005 SMF-3675 535429