Scudder, Stevens & Clark announced Wednesday that it is offering its mutual funds through BHC Securities' no-transaction-fee supermarket.

BHC, a Philadelphia-based unit of Fiserv Inc., provides investment and securities-clearing services to brokerage affiliates of about 40 banks.

Scudder, based in New York, said it will offer all 42 of its funds through BHC's program. It has similar distribution agreements with the mutual fund supermarkets of Charles Schwab & Co., NationsBank Corp., and Jack White & Co., among others.

It also offers its funds through Pershing, a unit of Donaldson Lufkin & Jenrette that is a competitor of BHC's.

Scudder manages $125 billion of assets, including $44 billion in two families of open-end mutual funds.

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