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NEW CENTURY MONEY MARKET PORTFOLIO

PROSPECTUS

DISCLOSURE

The New Century Money Market Portfolio seeks maximum current income consistent with stability of capital. The New Century Money Market Portfolio is managed by Deutsche Investment Management Americas Inc. ("DeIM"), the investment advisor.  Scudder Distributors Inc. is the distributor of the New Century Money Market Portfolio's shares.

The portfolio pursues its goal by investing primarily in high quality short-term securities, as well as certain repurchase agreements. The portfolio may buy securities from many types of issuers, including the U.S. government, banks (both U.S. banks and U.S. branches of foreign banks), corporations, and municipalities. The portfolio will normally invest at least 25% of total assets in bank obligations. However, everything the portfolio buys must meet the rules for money market portfolio investments. In addition, the portfolio focuses its investments on securities that are in the top credit grade for short-term debt securities.

Working in conjunction with credit analysts, the portfolio managers screen potential securities and develops a list of those that the portfolio may buy. The managers then decide which securities  on this list to buy, looking for attractive yield and weighing considerations such as credit quality, economic outlooks, and possible interest rate movements.

The managers may adjust the portfolio's exposure to interest rate risk, typically seeking to take advantage of possible rises in interest rates and to preserve yield when interest rates appear likely to fall.

An investment in this portfolio is not insured or guaranteed by the FDIC or any other government agency.  Although the portfolio seeks to preserve the value of your investment at $1.00 per share, this share price is not guaranteed and you could lose money by investing in this portfolio.