SCUDDER CAPITAL GROWTH FUND


Supplement to the currently effective Statements of Additional Information

The following information amends the relevant disclosure in the "Management of
the Funds - Investment Advisor" section:

Scudder Capital Growth Fund pays the Advisor, at the annual rate of 0.580% of
the first $250,000,000 of average daily net assets, 0.550% for the next
$750,000,000 of average daily net assets, 0.530% for the next $1,500,000,000 of
average daily net assets, 0.510% for the next $2,500,000,000 of average daily
net assets, 0.480% for the next $2,500,000,000 of average daily net assets,
0.460% for the next $2,500,000,000 of average daily net assets, 0.440% for the
next $2,500,000,000 of average daily net assets, and 0.420% in excess of
$12,500,000,000, computed and accrued daily. The fee is payable monthly,
provided that the Fund will make such interim payments as may be requested by
the Advisor not to exceed 75% of the amount of the fee then accrued on the books
of the Fund and unpaid.





May 20, 2005





SCUDDER GROWTH AND INCOME FUND


Supplement to the currently effective Statements of Additional Information

The following information amends the relevant disclosure in the "Management of
the Funds - Investment Advisor" section:

The current advisory fee rates are payable monthly at the annual rate shown
below.

Average Daily Net Assets                    Scudder Growth and Income Fund
- ------------------------                    ------------------------------

$0 - $250 million                                    0.450%
$250 million - $1 billion                            0.445%
$1 billion - $2.5 billion                            0.440%
$2.5 billion - $7.5 billion                          0.430%
$7.5 billion - $12.5 billion                         0.420%
$12.5 billion - $17.5 billion                        0.410%
Over $17.5 billion                                   0.385%





May 20, 2005