SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* DEUTSCHE BANK AG\ (Last) (First) (Middle) TAUNUSANLAGE 12 D-60325 (Street) FRANKFURT AM MAIN I8 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/26/2003	3. Issuer Name and Ticker or Trading Symbol SCUDDER RREEF REAL ESTATE FUND II INC [ SRO ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See Annex A	5. If Amendment, Date of Original Filed (Month/Day/Year) 08/26/2003
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common	6,981	I	Indirect through subsidiary(1)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* DEUTSCHE BANK AG\ (Last) (First) (Middle) TAUNUSANLAGE 12 D-60325 (Street) FRANKFURT AM MAIN I8 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Annex A

1. Name and Address of Reporting Person* RREEF AMERICA LLC (Last) (First) (Middle) 875 N MICHIGAN AVE 41ST FLOOR (Street) CHICAGO IL 60611 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Annex A

1. Name and Address of Reporting Person* DEUTSCHE ASSET MANAGEMENT INC/DE (Last) (First) (Middle) 885 THIRD AVENUE 32ND FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Annex A

Explanation of Responses:

1. Represents Securities that are indirectly beneficially owned by Deutsche Bank AG through a subsidiary. Each reporting person disclaims beneficial ownership of any security reported on this amended Form 3 in which it does not have a pecuniary interest as calculated pursuant to the rules and regulations promulgated under Section 16 of the Securities Act of 1933, as amended.

Remarks:

ANNEX A To Form 3 Deutsche Bank AG is making this amended joint filing on Form 3 on behalf of itself and its subsidiaries and affiliates, including the following entities: Deutsche Bank AG Taunusanlage 12 60325 Frankfurt am Main Germany Deutsche Asset Management,Inc. (Investment Manager for the fund) 345 Park Avenue New York, NY 10154 RREEF America, L.L.C. ( Investment Advisor for the fund ) 875 N. Michigan Avenue, 41st Floor Chicago, IL 60611 This report should not be deemed an admission that the Reporting Persons are affiliated persons of an investment advisor or are required to file this Form.

	Jeffrey A. Ruiz - Attorney-In-Fact	09/17/2003
	Margaret M. Adams - Attorney-In-Fact	09/17/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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