Scudder Strategic Municipal Income Trust operates as a closed-end, diversified management investment company. The trust invests primarily in municipal securities. It also invests in revenue bonds, prerefunded bonds, general obligation bonds, and lease obligations in Texas, New York, Illinois, California, and Massachusetts. Deutsche Investment Management Americas, Inc. serves as the investment advisor of the trust. Scudder Strategic Municipal Income was established in 1988 and is based in Chicago, Illinois.