<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Horizon 5 Portfolio Annual Report for the fiscal year ended 7/31/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0001001983
<NAME> KEMPER HORIZON 5+
<SERIES>
<NUMBER> 033
<NAME> KEMPER HORIZON FUND
<MULTIPLIER> 1000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 64,313
<INVESTMENTS-AT-VALUE> 62,189
<RECEIVABLES> 572
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 62,782
<PAYABLE-FOR-SECURITIES> 138
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 253
<TOTAL-LIABILITIES> 391
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,554
<SHARES-COMMON-STOCK> 15
<SHARES-COMMON-PRIOR> 15
<ACCUMULATED-NII-CURRENT> 77
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1,885
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (2,124)
<NET-ASSETS> 62,391
<DIVIDEND-INCOME> 401
<INTEREST-INCOME> 2,816
<OTHER-INCOME> 0
<EXPENSES-NET> 1,325
<NET-INVESTMENT-INCOME> 1,892
<REALIZED-GAINS-CURRENT> 2,028
<APPREC-INCREASE-CURRENT> (3,984)
<NET-CHANGE-FROM-OPS> (64)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6)
<DISTRIBUTIONS-OF-GAINS> (6)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 54
<NUMBER-OF-SHARES-REDEEMED> (56)
<SHARES-REINVESTED> 12
<NET-CHANGE-IN-ASSETS> 2,437
<ACCUMULATED-NII-PRIOR> 223
<ACCUMULATED-GAINS-PRIOR> 2,517
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 408
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1,330
<AVERAGE-NET-ASSETS> 168
<PER-SHARE-NAV-BEGIN> 11.31
<PER-SHARE-NII> .35
<PER-SHARE-GAIN-APPREC> (.28)
<PER-SHARE-DIVIDEND> (.39)
<PER-SHARE-DISTRIBUTIONS> (.40)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.59
<EXPENSE-RATIO> 1.32
</TABLE>
