EX-99 3 scuddr77.txt EXHIBIT INDEX EXHIBIT A: Attachment to item 77B: Accountants report on internal control EXHIBIT B: Attachment to item 77H: Changes in control of Registrant EXHIBIT C: Attachment to item 77Q3: Clarification of certain NSAR information ------------------------------------------------------- EXHIBIT A: Report of Independent Auditors To the Shareholders and Board of Trustees Scudder Investments VIT Funds In planning and performing our audit of the financial statements of Scudder Investments VIT Funds (Equity 500 Index Fund, Small Cap Index Fund, and EAFE Equity Index Fund)(the "Funds") for the year ended December 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinions on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities that we consider to be material weaknesses as defined above as of December 31, 2003. This report is intended solely for the information and use of the Board of Trustees and management of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. ERNST & YOUNG LLP Philadelphia, Pennsylvania February 6, 2004 Report of Ernst & Young LLP, Independent Auditors To the Shareholders and Board of Trustees of Scudder Investments VIT Funds In planning and performing our audit of the financial statements of Scudder Real Estate Securities Portfolio, a series of Scudder Investments VIT Funds (formerly, Deutsche Asset Management VIT Funds), for the period from May 1, 2003 to December 31, 2003, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N- SAR, not to provide assurance on internal control. The management of Scudder Investments VIT Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with accounting principles generally accepted in the United States. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of December 31, 2003. This report is intended solely for the information and use of management and the Board of Trustees of Scudder Investments VIT Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. Ernst & Young LLP Boston, Massachusetts February 13, 2004 EXHIBIT B: FUND CODE/NAME: 380 /SCUDDER VIT REAL ESTATE SECURITIES - B SOCIAL ACCOUNT SHARE BALANCE ACCOUNT NUMBER REGISTRATION TAX ID NUMBER DEALER/DLR BRANCH CODE PERCENT OF TOTAL SHRS 6203872571-9 THE MANUFACTURES LIFE INS CO(USA) ###-##-#### 62038/001 900 "600,176.99" 500 BOYLSTON ST STE 400 BOSTON MA 02116-3740 75.81% TOTAL NUMBER OF ACCOUNTS FOR FUND 9 TOTAL NUMBER OF SHARES FOR FUND "791,684.10"
EXHIBIT C: Because the electronic format for filing Form NSAR does not provide adequate space for responding to Items 14 and 15 completely, the rest of the answer is as follows: ITEM 14: ADDITIONAL AFFILIATED BROKER/DEALERS Execution Ltd. IBOXX Ltd. K & N Kenanga Bhd K&N Kenanga Holdings Bhd Kenanga Deutsche Futures Kenanga Deutsche Futures Sdn Bhd MaxBlue Investimentos Distribuidora de Titulos e Valores Mobiliarios S.A. Morgan Grenfell & Co Limited Morgan Grenfell Private Equity Limited Morgan Grenfell Securities MTS Japan Securities Co. Ltd. National Discount Brokers Group, Inc. Nissay Deutsche Asset Management Europe Limited (33%) OTC Deriv Limited Pro Capital Spolka Akcyjna PT Bina Tatalaksana Pasifik PT BT Prima Securities Indonesia PT Deutsche Securities Indonesia Regis Partners Inc. Scudder Kemper Investors SOCX LLC Tasfiye Halinde Bankers Trust Menkul Degerler A.S. TheMarkets.com Tokai Deutsche Asset Management Limited (40%) Yieldbroker Pty Ltd. *AsiaBondPortal *BondsinAsia *BT Opera Trading S.A. (dormant) *DB Securities S. A. *DBS Finance S. A. *LoanX *Mortgage Ramp *Swapsclear *Swapswire Limited *Volbroker.com Limited *Yensai Banca Carime S.p.A. Bank Inicjatyw Spoleczno-Ekonomicznych SA Dr. Jung & Partner GmbH EDORA Funding GmbH EuroPace IPD Ltd. eXtrahyp.de Aktiengesellschaft Millennium Clearing Company, L.L.C. Minex Corporation Osaka Stock Exchange Co., Ltd. Scudder Weisel Capital, L.L.C. SLB Funding GmbH TISCO Securities Hong Kong Limited WERDA Betelligungsgesellschaft mbG ITEM 15: ADDITIONAL SUB-CUSTODIANS STATE STREET GLOBAL CUSTODY NETWORK SUB-CUSTODIANS Vietnam The Hongkong and Shanghai Banking Corporation Limited, Ho Chi Minh City Zambia Barclays Bank of Zambia PLC, Lusaka Zimbabwe Barclays Bank of Zimbabwe Limited, Harare