EXHIBIT 17

                                  FORM OF PROXY

                                                     YOUR VOTE IS IMPORTANT!

                                                       VOTE TODAY BY MAIL,
                                                TOUCH-TONE PHONE OR THE INTERNET
                                                CALL TOLL FREE 1-888-221-0697 OR
                                                LOG ON TO WWW.PROXYWEB.COM/XXXXX

*** CONTROL NUMBER: XXX XXX XXX XXX XX ***      Please fold and detach card at
                                                perforation before mailing.

AARP U.S. STOCK INDEX FUND

PROXY             SPECIAL MEETING OF SHAREHOLDERS - JULY 11, 2000


         The  undersigned  hereby  appoints John Millette,  Kathryn L. Quirk and
John R. Hebble, and each of them, the proxies of the undersigned, with the power
of substitution to each of them, to vote all shares of the above-referenced fund
(the "Fund") which the undersigned is entitled to vote at the Special Meeting of
Shareholders  of  the  Fund  to  be  held  at  the  offices  of  Scudder  Kemper
Investments,  Inc., Two International Place, Boston, MA 02110, on July 11, 2000,
at 2:00 p.m., Eastern time, and at any adjournments thereof.

                                        PLEASE  SIGN AND RETURN  PROMPTLY IN THE
                                        ENCLOSED   ENVELOPE.   NO   POSTAGE   IS
                                        REQUIRED.

                                        Dated ____________________________,2000

                                        PLEASE  SIGN  EXACTLY  AS  YOUR  NAME OR
                                        NAMES   APPEAR.   WHEN   SIGNING  AS  AN
                                        ATTORNEY,    EXECUTOR,    ADMINISTRATOR,
                                        TRUSTEE OR  GUARDIAN,  PLEASE  GIVE YOUR
                                        FULL TITLE AS SUCH.

                                        ----------------------------------------
                   [NAME] [ADDRESS]

                                        ----------------------------------------
                                        SIGNATURE(S) OF SHAREHOLDER(S)







                                                 YOUR VOTE IS IMPORTANT!

                                                   VOTE TODAY BY MAIL,
                                            TOUCH-TONE PHONE OR THE INTERNET
                                            CALL TOLL FREE 1-888-221-0697 OR
                                            LOG ON TO WWW.PROXYWEB.COM/XXXXX

                Please fold and detach card at perforation before
                                    mailing.

         All  properly  executed  proxies  will  be  voted  as  directed.  If no
instructions are indicated on a properly executed proxy, the proxy will be voted
FOR approval of the proposals.

THE PROXY IS SOLICITED ON BEHALF OF THE BOARD OF THE FUND. THE BOARD OF TRUSTEES
RECOMMENDS A VOTE FOR THE --- PROPOSALS.

                   PLEASE VOTE BY FILLING IN THE BOXES BELOW.

                                                  FOR ALL        WITHHOLD
                                                  NOMINEES       AUTHORITY TO
                                                  LISTED         VOTE FOR ALL
                                                  (EXCEPT AS     NOMINEES LISTED
                                                  NOTED IN
                                                  SPACE
                                                  PROVIDED)
PROPOSAL 1

To elect  Trustees to hold office  until
their  respective  successors  have been
duly  elected  and  qualified  or  until
their earlier resignation or removal.

NOMINEES:

(01) Henry P. Becton,  Jr. (02) Linda C.
Coughlin (03)  Dawn-Marie  Driscoll (04)
Edgar R.  Fiedler (05) Keith R. Fox (06)
Joan  Edelman  Spero  (07) Jean  Gleason
Stromberg   (08)  Jean  C.  Tempel  (09)
Steven Zaleznick

INSTRUCTION:  To withhold  authority  to
vote for any individual  nominee,  write
the  name(s)  on  the  line  immediately
below.

- ----------------------------------------
PROPOSAL 2                                     FOR         AGAINST       ABSTAIN
- ----------

To  approve  an  Agreement  and  Plan of
Reorganization  for the Fund whereby all
or  substantially  all of the assets and
liabilities   of  the   Fund   would  be
acquired  by Scudder  S&P 500 Index Fund
in  exchange  for  shares  of  the  AARP
Shares  class of shares of  Scudder  S&P
500 Index Fund. PROPOSAL 3

To    ratify    the     selection     of
PricewaterhouseCoopers LLP as the Fund's
independent  accountants for the current
fiscal year.

THE PROXIES ARE  AUTHORIZED TO VOTE IN THEIR  DISCRETION  ON ANY OTHER  BUSINESS
WHICH MAY PROPERLY COME BEFORE THE MEETING AND ANY ADJOURNMENTS THEREOF.

                           PLEASE SIGN ON REVERSE SIDE