Exhibit 1(e)(1)
                     

                      SCUDDER VARIABLE LIFE INVESTMENT FUND

                     Establishment and Designation of Series
                    of Beneficial Interest, without Par Value


      The undersigned, being a majority of the duly elected and qualified
Trustees of Scudder Variable Life Investment Fund, a Massachusetts business
trust (the "Trust"), acting pursuant to Section 5.11 of the Declaration of Trust
dated March 15, 1985, as amended (the "Declaration of Trust"), hereby divide the
shares of beneficial interest of the Trust into seven separate series (each
individually a "Portfolio," or collectively the "Portfolios"), each Portfolio to
have the following special and relative rights:

      1. The Portfolios shall be designated as follows:

            Balanced Portfolio
            Bond Portfolio
            Capital Growth Portfolio
            Global Discovery Portfolio
            Growth and Income Portfolio
            International Portfolio
            Money Market Portfolio
         
      2. Each Portfolio shall be authorized to hold cash and invest in
securities and instruments and use investment techniques as described in the
Trust's registration statement under the Securities Act of 1933, as amended.
Each share of beneficial interest of each Portfolio ("share") shall be
redeemable as provided in the Declaration of Trust, shall be entitled to one
vote (or fraction thereof in respect of a fractional share) on matters on which
shares of that Portfolio shall be entitled to vote and shall represent a pro
rata beneficial interest in the assets allocated to that Portfolio. The proceeds
of sales of shares of a Portfolio, together with any income and gain thereon,
less any diminution or expenses thereof, shall irrevocably belong to that
Portfolio, unless otherwise required by law. Each share of a Portfolio shall be
entitled to receive its pro rata share of net assets of that Portfolio upon
liquidation of that Portfolio.

      3. Shareholders of each Portfolio shall vote separately as a class on any
matter to the extent required by, and any matter shall be deemed to have been
effectively acted upon with respect to that Portfolio as provided in Rule 18f-2,

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as from time to time in effect, under the Investment Company Act of 1940, as
amended, or any successor rule.

      4. The shares of beneficial interest of the Trust outstanding on the date
hereof shall remain classified as shares of the Portfolios designated in
Paragraph 1 above as the Balanced Portfolio, Bond Portfolio, Capital Growth
Portfolio, Growth and Income Portfolio, International Portfolio, and Money
Market Portfolio.

      5. The assets and liabilities of the Trust existing on the date hereof
shall, except as provided below, be allocated to the Balanced Portfolio, Bond
Portfolio, Capital Growth Portfolio, Growth and Income Portfolio, International
Portfolio, and Money Market Portfolio and, hereafter, the assets and liabilities
of the Trust shall be allocated among the Portfolios as set forth in Section
5.11 of the Declaration of Trust, except as provided below.

              (a) Costs incurred in connection with the organization and
              registration of shares of the Global Discovery Portfolio shall be
              amortized by such Portfolio over the lesser of the life of the
              Portfolio or the five-year period beginning with the month the
              Portfolio commences operations.

              (b) Reimbursement required under any expense limitation, other
              than a voluntary expense limitation, applicable to the Trust shall
              be allocated among those Portfolios whose expense ratios exceed
              such limitation on the basis of the relative expense ratios of
              such Portfolios.

              (c) The liabilities, expenses, costs, charges or reserves of the
              Trust which are not readily identifiable as belonging to any
              particular Portfolio shall be allocated among the Portfolios on
              the basis of their relative average daily net assets.

              (d) The Trustees may from time to time in particular cases make
              specific allocations of assets or liabilities among the
              Portfolios.

      6. The Trustees (including any successor Trustees) shall have the right at
any time and from time to time to reallocate assets and expenses or to change
the designation of any Portfolio now or hereafter created, or to otherwise

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change the special and relative rights of any such Portfolio provided that such
change shall not adversely affect the rights of shareholders of a Portfolio.

      The foregoing shall be effective upon execution.


/s/Kenneth Black, Jr.
-----------------------------------
Kenneth Black, Jr., as Trustee


/s/Rosita P. Chang
-----------------------------------
Rosita P. Chang, as Trustee


/s/Peter B. Freeman
-----------------------------------
Peter B. Freeman, as Trustee


/s/J.D. Hammond
-----------------------------------
J.D. Hammond, as Trustee


/s/Daniel Pierce
-----------------------------------
Daniel Pierce, as Trustee


/s/David B. Watts
-----------------------------------
David B. Watts, as Trustee



Dated:  February 9, 1996

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