-----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, WmXnNC4oouZRYVWyv5KGDQA3f8TH6OD55bdZTcv1kvNfuSZhRF1hKjjH2w3pXrCE vAylxfc+vC2NmktJYRElAA== 0000088053-03-000139.txt : 20030203 0000088053-03-000139.hdr.sgml : 20030203 20030203144001 ACCESSION NUMBER: 0000088053-03-000139 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20030203 EFFECTIVENESS DATE: 20030203 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INVESTMENT TRUST CENTRAL INDEX KEY: 0000088064 IRS NUMBER: 042212654 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-13628 FILM NUMBER: 03536301 BUSINESS ADDRESS: STREET 1: 160 FEDERAL ST CITY: BOSTON STATE: MA ZIP: 02110 BUSINESS PHONE: 6173305590 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER GROWTH & INCOME FUND DATE OF NAME CHANGE: 19910402 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER COMMON STOCK FUND INC DATE OF NAME CHANGE: 19841125 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER INVESTMENT TRUST DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DEUTSCHE INVESTORS FUNDS INC CENTRAL INDEX KEY: 0001039826 IRS NUMBER: 232905982 STATE OF INCORPORATION: MD FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-07008 FILM NUMBER: 03536299 BUSINESS ADDRESS: STREET 1: ONE SOUTH STREET CITY: BALTIMORE STATE: MD ZIP: 21202 BUSINESS PHONE: 8007301313 MAIL ADDRESS: STREET 1: FEDERATED INVESTORS TOWER CITY: PITTSBURGH STATE: PA ZIP: 15222-3779 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE FUNDS INC DATE OF NAME CHANGE: 19980501 FORMER COMPANY: FORMER CONFORMED NAME: DEUTSCHE FAMILY OF FUNDS INC DATE OF NAME CHANGE: 19970521 FORMER COMPANY: FORMER CONFORMED NAME: FLAG INVESTORS FUNDS INC DATE OF NAME CHANGE: 20000118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCUDDER GROWTH TRUST CENTRAL INDEX KEY: 0000095601 IRS NUMBER: 366139662 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-24392 FILM NUMBER: 03536300 BUSINESS ADDRESS: STREET 1: 222 S RIVERSIDE PLZ 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 GROWTH FUND INC DATE OF NAME CHANGE: 19870120 FORMER COMPANY: FORMER CONFORMED NAME: SUPERVSED INVESTORS GROWTH FUND INC DATE OF NAME CHANGE: 19780831 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER GROWTH FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: SCUDDER GROWTH FUND DATE OF NAME CHANGE: 20010626 497 1 sp-invabc.txt SCUDDER INVESTMENTS Scudder Capital Growth Fund Scudder Growth Fund Scudder Large Company Growth Fund Scudder Top US 50 Fund Classes A, B and C Supplement to Prospectus Dated December 1, 2002 - -------------------------------------------------------------------------------- The following replaces the average annual total returns shown for Class C under The Fund's Performance History. Performance for Class C has been further adjusted to reflect a 1% up-front sales charge implemented effective February 3, 2003. - -------------------------------------------------------------------------------- Average Annual Total Returns (%) as of 12/31/2001 - -------------------------------------------------------------------------------- Class C (Return before Taxes) 1 Year 5 Years 10 Years Since Inception - -------------------------------------------------------------------------------- Scudder Capital Growth Fund -22.03 8.70 9.50 __ - -------------------------------------------------------------------------------- Scudder Growth Fund -24.49 1.38 4.01 __ - -------------------------------------------------------------------------------- Scudder Large Company Growth -24.16 7.00 8.17 __ Fund - -------------------------------------------------------------------------------- Scudder Top US 50 Fund -29.11 __ __ 0.88* - -------------------------------------------------------------------------------- * Since 9/2/1998. The following replaces the fee and expense information shown for each fund under How Much Investors Pay: Scudder Capital Growth Fund This table describes the fees and expenses that you may pay if you buy and hold fund shares. - -------------------------------------------------------------------------------- Fee Table Class A Class B Class C - -------------------------------------------------------------------------------- Shareholder Fees, paid directly from your investment - -------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on 5.75% None 1.00% Purchases (% of offering price) - -------------------------------------------------------------------------------- Maximum Contingent Deferred Sales Charge None* 4.00% 1.00% (Load) (% of redemption proceeds) - -------------------------------------------------------------------------------- Annual Operating Expenses, deducted from fund assets - -------------------------------------------------------------------------------- Management Fee 0.58% 0.58% 0.58% - -------------------------------------------------------------------------------- Distribution/Service (12b-1) Fee 0.25 1.00 1.00 - -------------------------------------------------------------------------------- Other Expenses** 0.76 1.03 1.24 - -------------------------------------------------------------------------------- Total Annual Operating Expenses** 1.59 2.61 2.82 - -------------------------------------------------------------------------------- Less Expense Waiver** 0.34 0.59 0.81 - -------------------------------------------------------------------------------- Net Annual Fund Operating Expenses (after 1.25 2.02 2.01 waiver) - -------------------------------------------------------------------------------- * The redemption of shares purchased at net asset value under the Large Order NAV Purchase Privilege (see "Policies You Should Know About -- Policies about transactions") may be subject to a contingent deferred sales charge of 1.00% if redeemed within one year of purchase and 0.50% if redeemed during the second year following purchase. ** Restated to reflect maximum annual estimated costs. Through September 30, 2003, the fund pays certain of these expenses at a fixed rate administrative fee of 0.420%, 0.435% and 0.425% for Class A, Class B and Class C shares, respectively, pursuant to an Administrative Services Agreement ("Agreement") between the fund and the Advisor. Under this Agreement, in exchange for the payment of the administrative fee, the Advisor provides or pays others to provide substantially all of the administrative services required by each class of shares (other than those provided by the Advisor under its investment management agreement with the fund). Effective September 30, 2003, this Agreement will terminate. Effective October 1, 2003 through September 30, 2005, the Advisor has contractually agreed to waive all or a portion of its management fee and reimburse or pay operating expenses of the fund to the extent necessary to maintain the fund's total operating expenses at 1.000%, 1.015% and 1.005% for Class A, Class B and Class C shares, respectively, excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest, Rule 12b-1 and/or service fees, and director and director counsel fees. Due to this waiver, Total Annual Operating Expenses are not expected to increase as a result of the termination of the Agreement. 2 Based on the costs above (including two years of capped expenses in each period), this example helps you compare the expenses of each share class to those of other mutual funds. This example assumes the expenses above remain the same. It also assumes that you invested $10,000, earned 5% annual returns and reinvested all dividends and distributions. This is only an example; actual expenses will be different. - -------------------------------------------------------------------------------- Example 1 Year 3 Years 5 Years 10 Years - -------------------------------------------------------------------------------- Expenses, assuming you sold your shares at the end of each period - -------------------------------------------------------------------------------- Class A shares $695 $984 $1,329 $2,300 - -------------------------------------------------------------------------------- Class B shares 605 996 1,477 2,371 - -------------------------------------------------------------------------------- Class C shares 402 809 1,428 3,096 - -------------------------------------------------------------------------------- Expenses, assuming you kept your shares - -------------------------------------------------------------------------------- Class A shares $695 $984 $1,329 $2,300 - -------------------------------------------------------------------------------- Class B shares 205 696 1,277 2,371 - -------------------------------------------------------------------------------- Class C shares 302 809 1,428 3,096 - -------------------------------------------------------------------------------- 3 Scudder Growth Fund This table describes the fees and expenses that you may pay if you buy and hold fund shares. - -------------------------------------------------------------------------------- Fee Table Class A Class B Class C - -------------------------------------------------------------------------------- Shareholder Fees, paid directly from your investment - -------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on 5.75% None 1.00% Purchases (% of offering price) - -------------------------------------------------------------------------------- Maximum Contingent Deferred Sales Charge None* 4.00% 1.00% (Load) (% of redemption proceeds) - -------------------------------------------------------------------------------- Annual Operating Expenses, deducted from fund assets - -------------------------------------------------------------------------------- Management Fee 0.55% 0.55% 0.55% - -------------------------------------------------------------------------------- Distribution/Service (12b-1) Fee 0.22 0.98 0.98 - -------------------------------------------------------------------------------- Other Expenses** 0.44 1.10 1.15 - -------------------------------------------------------------------------------- Total Annual Operating Expenses** 1.21 2.63 2.68 - -------------------------------------------------------------------------------- Less Expense Waiver** 0.07 0.64 0.71 - -------------------------------------------------------------------------------- Net Annual Fund Operating Expenses (after 1.14 1.99 1.97 waiver) - -------------------------------------------------------------------------------- * The redemption of shares purchased at net asset value under the Large Order NAV Purchase Privilege (see "Policies You Should Know About -- Policies about transactions") may be subject to a contingent deferred sales charge of 1.00% if redeemed within one year of purchase and 0.50% if redeemed during the second year following purchase. ** Restated to reflect maximum annual estimated costs. Through September 30, 2003, the fund pays certain of these expenses at a fixed rate administrative fee of 0.365%, 0.450% and 0.435% for Class A, Class B and Class C shares, respectively, pursuant to an Administrative Services Agreement ("Agreement") between the fund and the Advisor. Under this Agreement, in exchange for the payment of the administrative fee, the Advisor provides or pays others to provide substantially all of the administrative services required by each class of shares (other than those provided by the Advisor under its investment management agreement with the fund). Effective September 30, 2003, this Agreement will terminate. Effective October 1, 2003 through September 30, 2005, the Advisor has contractually agreed to waive all or a portion of its management fee and reimburse or pay operating expenses of the fund to the extent necessary to maintain the fund's total operating expenses at 0.920%, 1.005% and 0.990% for Class A, Class B and Class C shares, respectively, excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest, Rule 12b-1 and/or service fees, and trustee and trustee counsel fees. Due to this waiver, Total Annual Operating Expenses are not expected to increase as a result of the termination of the Agreement. 4 Based on the costs above (including two years of capped expenses in each period), this example helps you compare the expenses of each share class to those of other mutual funds. This example assumes the expenses above remain the same. It also assumes that you invested $10,000, earned 5% annual returns and reinvested all dividends and distributions. This is only an example; actual expenses will be different. - -------------------------------------------------------------------------------- Example 1 Year 3 Years 5 Years 10 Years - -------------------------------------------------------------------------------- Expenses, assuming you sold your shares at the end of each period - -------------------------------------------------------------------------------- Class A shares $685 $924 $1,189 $1,945 - -------------------------------------------------------------------------------- Class B shares 602 992 1,477 2,189 - -------------------------------------------------------------------------------- Class C shares 398 787 1,377 2,975 - -------------------------------------------------------------------------------- - -------------------------------------------------------------------------------- Example 1 Year 3 Years 5 Years 10 Years - -------------------------------------------------------------------------------- Expenses, assuming you kept your shares - -------------------------------------------------------------------------------- Class A shares $685 $924 $1,189 $1,945 - -------------------------------------------------------------------------------- Class B shares 202 692 1,277 2,189 - -------------------------------------------------------------------------------- Class C shares 298 787 1,377 2,975 - -------------------------------------------------------------------------------- 5 Scudder Large Company Growth Fund This table describes the fees and expenses that you may pay if you buy and hold fund shares. - -------------------------------------------------------------------------------- Fee Table Class A Class B Class C - -------------------------------------------------------------------------------- Shareholder Fees, paid directly from your investment - -------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on 5.75% None 1.00% Purchases (% of offering price) - -------------------------------------------------------------------------------- Maximum Contingent Deferred Sales Charge None* 4.00% 1.00% (Load) (% of redemption proceeds) - -------------------------------------------------------------------------------- Annual Operating Expenses, deducted from fund assets - -------------------------------------------------------------------------------- Management Fee 0.70% 0.70% 0.70% - -------------------------------------------------------------------------------- Distribution/Service (12b-1) Fee 0.25 1.00 1.00 - -------------------------------------------------------------------------------- Other Expenses** 1.04 0.38 1.46 - -------------------------------------------------------------------------------- Total Annual Operating Expenses** 1.99 2.08 3.16 - -------------------------------------------------------------------------------- Less Expense Waiver** 0.68 0.00 1.10 - -------------------------------------------------------------------------------- Net Annual Fund Operating Expenses (after 1.31 2.08 2.06 waiver) - -------------------------------------------------------------------------------- * The redemption of shares purchased at net asset value under the Large Order NAV Purchase Privilege (see "Policies You Should Know About -- Policies about transactions") may be subject to a contingent deferred sales charge of 1.00% if redeemed within one year of purchase and 0.50% if redeemed during the second year following purchase. ** Restated to reflect maximum annual estimated costs. Through September 30, 2003, the fund pays certain of these expenses at a fixed rate administrative fee of 0.325%, 0.375% and 0.350% for Class A, Class B and Class C shares, respectively, pursuant to an Administrative Services Agreement ("Agreement") between the fund and the Advisor. Under this Agreement, in exchange for the payment of the administrative fee, the Advisor provides or pays others to provide substantially all of the administrative services required by each class of shares (other than those provided by the Advisor under its investment management agreement with the fund). Effective September 30, 2003, this Agreement will terminate. Effective October 1, 2003 through September 30, 2005, the Advisor has contractually agreed to waive all or a portion of its management fee and reimburse or pay operating expenses of the fund to the extent necessary to maintain the fund's operating expenses at 1.05% for Class A, Class B and Class C shares, excluding certain expenses such as extraordinary expenses, taxes, brokerage, interest, Rule 12b-1 and/or service fees, and trustee and trustee counsel fees. Through September 30, 2003, Other Expenses are estimated to be 0.33%, 0.38% and 0.36% (annualized) for Class A, Class B and Class C shares, respectively, and Total Annual Operating Expenses are estimated to be 1.28%, 2.08% and 2.06% (annualized) for Class A, Class B and Class C shares, respectively. After September 30, 2003, Other Expenses are estimated to be 1.04%, 0.99% and 1.46% (annualized) for Class A, Class B and Class C shares, respectively, and, after giving effect to the expense waiver, Total Annual Operating Expenses are estimated to be 1.31%, 2.06% and 2.06% (annualized) for Class A, Class B and Class C shares, respectively. 6 Based on the costs above (including for Class A and Class C shares, two years of capped expenses in each period), this example helps you compare the expenses of each share class to those of other mutual funds. This example assumes the expenses above remain the same. It also assumes that you invested $10,000, earned 5% annual returns and reinvested all dividends and distributions. This is only an example; actual expenses will be different. - -------------------------------------------------------------------------------- Example 1 Year 3 Years 5 Years 10 Years - -------------------------------------------------------------------------------- Expenses, assuming you sold your shares at the end of each period - -------------------------------------------------------------------------------- Class A shares $701 $1,036 $1,464 $2,652 - -------------------------------------------------------------------------------- Class B shares $611 $952 $1,319 $2,018 - -------------------------------------------------------------------------------- Class C shares $407 $855 $1,542 $3,375 - -------------------------------------------------------------------------------- Expenses, assuming you kept your shares - -------------------------------------------------------------------------------- Class A shares $701 $1,036 $1,464 $2,652 - -------------------------------------------------------------------------------- Class B shares $211 $652 $1,119 $2,018 - -------------------------------------------------------------------------------- Class C shares $307 $855 $1,542 $3,375 - -------------------------------------------------------------------------------- 7 Scudder Top US 50 Fund This table describes the fees and expenses that you may pay if you buy and hold fund shares. - -------------------------------------------------------------------------------- Fee Table Class A Class B Class C - -------------------------------------------------------------------------------- Shareholder Fees, paid directly from your investment - -------------------------------------------------------------------------------- Maximum Sales Charge (Load) Imposed on 5.75% None 1.00% Purchases (% of offering price) - -------------------------------------------------------------------------------- Maximum Contingent Deferred Sales Charge None* 4.00% 1.00% (Load) (% of redemption proceeds) - -------------------------------------------------------------------------------- Annual Operating Expenses, deducted from fund assets** - -------------------------------------------------------------------------------- Management Fee 0.85% 0.85% 0.85% - -------------------------------------------------------------------------------- Distribution/Service (12b-1) Fee 0.25 0.75 0.75 - -------------------------------------------------------------------------------- Other Expenses*** 1.43 1.69 1.69 - -------------------------------------------------------------------------------- Total Annual Operating Expenses 2.53 3.29 3.29 - -------------------------------------------------------------------------------- Fee Waiver/Expense Reimbursements+ 1.38 1.39 1.39 - -------------------------------------------------------------------------------- Total Net Annual Operating Expenses 1.15 1.90 1.90 - -------------------------------------------------------------------------------- * The redemption of shares purchased at net asset value under the Large Order NAV Purchase Privilege (see "Policies You Should Know About -- Policies about transactions") may be subject to a contingent deferred sales charge of 1.00% if redeemed within one year of purchase and 0.50% if redeemed during the second year following purchase. ** Annual operating expenses reflect the expenses of both the fund and the Portfolio, the master fund in which the fund invests its assets. *** Includes a 0.25% shareholder servicing fee for Class B and Class C shares. + Investment Company Capital Corp. has contractually agreed to waive a portion of its fees and reimburse expenses of the fund and the Portfolio through December 31, 2003 to the extent necessary to maintain the fund's expense ratio at the level indicated as "Total Net Annual Operating Expenses." Based on the costs above, this example helps you compare the expenses of each share class to those of other mutual funds. This example assumes the expenses above remain the same and that the expenses were maintained for one year at rates described above. It also assumes that you invested $10,000, earned 5% annual returns and reinvested all dividends and distributions. This is only an example; actual expenses will be different. - -------------------------------------------------------------------------------- Example 1 Year 3 Years 5 Years 10 Years - -------------------------------------------------------------------------------- Expenses, assuming you sold your shares at the end of each period - -------------------------------------------------------------------------------- Class A shares $685 $1,193 $1,726 $3,178 - -------------------------------------------------------------------------------- Class B shares 593 1,183 1,797 3,156 - -------------------------------------------------------------------------------- Class C shares 391 974 1,681 3,556 - -------------------------------------------------------------------------------- Expenses, assuming you kept your shares - -------------------------------------------------------------------------------- Class A shares $685 $1,193 $1,726 $3,178 - -------------------------------------------------------------------------------- Class B shares 193 883 1,597 3,156 - -------------------------------------------------------------------------------- Class C shares 291 974 1,681 3,556 - -------------------------------------------------------------------------------- 8 The following supplements the relevant disclosure in each fund's prospectus relating to Class C shares: Effective February 3, 2003, Class C shares will be offered at net asset value plus an up-front sales charge of 1.00% of the offering price. Class C shares will continue to be subject to a contingent deferred sales charge and Rule 12b-1 distribution and/or service fee as more fully described in each fund's currently effective prospectus. The up-front sales charge does not apply to reinvested dividends or distributions. Front-end Sales Charge as a Front-end Sales Charge as a % of offering price % of your net investment - -------------------------------------------------------------------------------- 1.00% 1.01% - -------------------------------------------------------------------------------- You may be able to buy Class C shares without an up-front sales charge when you purchase Class C shares in connection with the following types of transactions: o Additional purchases of Class C shares made in an existing account and in the same fund(s) by existing Class C shareowners as of January 31, 2003; o Exchanges of Class C shares made in an existing account by current Class C shareowners as of January 31, 2003; o Purchases of Class C shares through certain omnibus accounts which have entered into an agreement with the Advisor and/or the Distributor; o Purchases of Class C shares through certain retirement plans which have entered into an agreement with the Advisor and/or the Distributor; and o Purchases of Class C shares through certain broker-dealers which have entered into an agreement with the Advisor and/or the Distributor. Your financial representative or Shareholder Services can answer your questions and help you determine if you are eligible for a sales charge waiver. 9 This page intentionally left blank. This page intentionally left blank. February 1, 2003 -----END PRIVACY-ENHANCED MESSAGE-----