<DOCUMENT>
<TYPE>SC 13G
<SEQUENCE>1
<FILENAME>kgt13g3.txt
<DESCRIPTION>KGT SCHEDULE 13G JAN 2005
<TEXT>

SC 13G
1
kenneth.miller@yale.edu
NYSE

0000832925
SCUDDER INTERMEDIATE GOVERNMENT & AGENCY TRUST
36-3604477


KENNETH R. MILLER
(203) 432-5761


0000938582
eqed9jp@


SC 13G


UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

SCUDDER INTERMEDIATE GOVERNMENT & AGENCY TRUST
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

811163 10 4
(CUSIP Number)

Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[X]  Rule 13d-1(b)

1)   Name and I.R.S. Identification No. of Reporting Person:

     Yale University
     I.R.S. Number 06-0646973-N

2)   Check the Appropriate Box if a Member of a Group:

     (a)  (Not Applicable)
     (b)  (Not Applicable)

3)   SEC Use Only

4)   Citizenship or Place of Organization:

     Yale University is a Connecticut corporation.

Number of Shares         (5)  Sole Voting Power  - 4,046,400
Beneficially Owned by
Each Reporting           (6)  Shared Voting Power (Not Applicable)
Person With:
                         (7)  Sole Dispositive Power  - 4,046,400

                         (8)  Shared Dispositive Power (Not Applicable)

9)   Aggregate Amount Beneficially Owned by Each Reporting Person: 4,046,400

10)  Check if the Aggregate Amount in Row (9) Excludes Certain Shares:
     (Not  Applicable)

11)  Percent of Class Represented by Amount in Row (9):  11.9%

12)  Type of Reporting Person:  EP

Item 1.

     (a)  Name of Issuer:

          Scudder Intermediate Government & Agency Trust (the "Company")

     (b)  Address of Issuer's Principal Executive Office:

          Deutsche Asset Management of the Americas
          345 Park Avenue
          New York, NY 10154-0010
          Attention: Vincent J. Espostio, Managing Director

Item 2.

     (a)  Name of Person Filing:

          Yale University

     (b)  Address of Principal Office:

          Yale University
          Investments Office
          55 Whitney Avenue, 5th Floor
          New Haven, CT 06510-1300
          Attn:  Michael E. Finnerty, Associate Director

     (c)  Citizenship:

          Yale University is a Connecticut corporation.

     (d)  Title of Class of Securities:

          Common Stock, par value $0.01 per share

     (e)  CUSIP Number:

          811163 10 4

Item 3.

If this statement is filed pursuant to rules 13d-1(b) or 13d-2(b), check
whether the person filing is a:

. . . .

(f)  [X]  . . . Endowment Fund; see section 240.13d-1(b)(1)(ii)(F).

. . . .

Item 4.   Ownership:

     (a)  Amount Beneficially Owned:            4,046,400

     (b)  Percent of Class:   11.9%

     (c)  Number of Shares as to which such person has:

          (i)    sole power to vote or to direct the vote:
                 4,046,400

          (ii)   shared power to vote or to direct the vote:
                 (Not  Applicable)

          (iii)  sole power to dispose or to direct the disposition of:
                 4,046,400

          (iv)   shared power to dispose or to direct the disposition of:
                 (Not Applicable)

Item 5.   Ownership of Five Percent or Less of a Class:

          (Not Applicable)

Item 6.   Ownership of More than Five Percent on Behalf of Another Person:

          (Not Applicable)

Item 7.   Identification and Classification of the Subsidiary Which Acquired
          the Security Being Reported on By the Parent Holding Company:

          (Not Applicable)

Item 8.   Identification and Classification of Members of Group:

          (Not Applicable)

Item 9.   Notice of Dissolution of Group:

          (Not Applicable)

Item 10.  Certification:

     By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired and are held in
the ordinary course of business and were not acquired and are not held
for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are
not held in connection with or as a participant in any transaction
having that purpose or effect.

SIGNATURE

     After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this statement
is true, complete and correct.


Date: January 10, 2005

                         /s/ David F. Swensen
                         Name:     David F. Swensen
                         Title:    Chief Investment Officer


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