Deutsche Asset Management [LOGO]
                                             A Member of the Deutsche Bank Group





Chief Executive Officer
Section 906 Certification under Sarbanes Oxley Act






I, Richard T. Hale, certify that:

1.   I have reviewed this report, filed on behalf of Government Securities
     Portfolio, Money Market Portfolio, Tax-Exempt Portfolio, a series of Cash
     Equivalent Fund, on Form N-CSR;

2.   Based on my knowledge and pursuant to 18 U.S.C. ss. 1350, the periodic
     report on Form N-CSR (the "Report") fully complies with the requirements of
     ss. 13 (a) or ss. 15 (d), as applicable, of the Securities Exchange Act of
     1934 and that the information contained in the Report fairly presents, in
     all material respects, the financial condition and results of operations of
     the Company.




March 29, 2004                                      /s/Richard T. Hale
                                                    Richard T. Hale
                                                    Chief Executive Officer
                                                    Government Securities
                                                    Portfolio, Money Market
                                                    Portfolio, Tax-Exempt
                                                    Portfolio, a series of Cash
                                                    Equivalent Fund



                                                Deutsche Asset Management [LOGO]
                                             A Member of the Deutsche Bank Group





Chief Financial Officer
Section 906 Certification under Sarbanes Oxley Act






I, Charles A. Rizzo, certify that:

1.   I have reviewed this report, filed on behalf of Government Securities
     Portfolio, Money Market Portfolio, Tax-Exempt Portfolio, a series of Cash
     Equivalent Fund, on Form N-CSR;

2.   Based on my knowledge and pursuant to 18 U.S.C. ss. 1350, the periodic
     report on Form N-CSR (the "Report") fully complies with the requirements of
     ss. 13 (a) or ss. 15 (d), as applicable, of the Securities Exchange Act of
     1934 and that the information contained in the Report fairly presents, in
     all material respects, the financial condition and results of operations of
     the Company.




March 29, 2004                                      /s/Charles A. Rizzo
                                                    Charles A. Rizzo
                                                    Chief Financial Officer
                                                    Government Securities
                                                    Portfolio, Money Market
                                                    Portfolio, Tax-Exempt
                                                    Portfolio, a series of Cash
                                                    Equivalent Fund