<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Horizon 20+ Portfolio Annual Report for the fiscal year ended 07/31/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0001001983
<NAME> KEMPER HORIZON 20+
<SERIES>
<NUMBER> 010
<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> 99,829
<INVESTMENTS-AT-VALUE> 94,775
<RECEIVABLES> 312
<ASSETS-OTHER> 35
<OTHER-ITEMS-ASSETS> 28
<TOTAL-ASSETS> 95,150
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 784
<TOTAL-LIABILITIES> 784
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 91,906
<SHARES-COMMON-STOCK> 3,507
<SHARES-COMMON-PRIOR> 4,518
<ACCUMULATED-NII-CURRENT> 79
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 7,436
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,055)
<NET-ASSETS> 94,366
<DIVIDEND-INCOME> 1,063
<INTEREST-INCOME> 1,614
<OTHER-INCOME> 0
<EXPENSES-NET> 2,544
<NET-INVESTMENT-INCOME> 133
<REALIZED-GAINS-CURRENT> 10,207
<APPREC-INCREASE-CURRENT> (14,994)
<NET-CHANGE-FROM-OPS> (4,654)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (563)
<DISTRIBUTIONS-OF-GAINS> (4929)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 19,121
<NUMBER-OF-SHARES-REDEEMED> 38,703
<SHARES-REINVESTED> 5,466
<NET-CHANGE-IN-ASSETS> (42,605)
<ACCUMULATED-NII-PRIOR> 591
<ACCUMULATED-GAINS-PRIOR> 9,933
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 681
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,552
<AVERAGE-NET-ASSETS> 54,685
<PER-SHARE-NAV-BEGIN> 14.01
<PER-SHARE-NII> .08
<PER-SHARE-GAIN-APPREC> (.57)
<PER-SHARE-DIVIDEND> (.13)
<PER-SHARE-DISTRIBUTIONS> (1.14)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.25
<EXPENSE-RATIO> 1.69
</TABLE>
