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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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 CJnVSMYVEhNV1cwCc/P9fg==

<SEC-DOCUMENT>0000088053-98-000551.txt : 19980603
<SEC-HEADER>0000088053-98-000551.hdr.sgml : 19980603
ACCESSION NUMBER:		0000088053-98-000551
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19980602
SROS:			NONE

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			INVESTMENT TRUST
		CENTRAL INDEX KEY:			0000088064
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		IRS NUMBER:				042212654
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	002-13628
		FILM NUMBER:		98641070

	BUSINESS ADDRESS:	
		STREET 1:		160 FEDERAL ST
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02110
		BUSINESS PHONE:		6173305590

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	SCUDDER INVESTMENT TRUST
		DATE OF NAME CHANGE:	19920703

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<DESCRIPTION>SUPPLEMENT TO REIT PROSPECTUS DATED 03/02/98
<TEXT>

SCUDDER   [LOGO]

Scudder Real Estate Investment 
Fund

Supplement to Prospectus
Dated March 2, 1998

The following supplements the information under A team approach to investing 
under "Shareholder benefits" on page 16-17.

Effective May 1, 1998, the positions of Philip S. Fortuna and Jennifer P. Carter
are Co-Lead Portfolio Managers of the Fund.

May 1, 1998

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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