<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Horizon 10+ 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 10+
<SERIES>
<NUMBER> 020
<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> 101,708
<INVESTMENTS-AT-VALUE> 96,662
<RECEIVABLES> 768
<ASSETS-OTHER> 53
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 97,483
<PAYABLE-FOR-SECURITIES> 157
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 421
<TOTAL-LIABILITIES> 578
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 95,494
<SHARES-COMMON-STOCK> 4,154
<SHARES-COMMON-PRIOR> 5,672
<ACCUMULATED-NII-CURRENT> (6)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 6,464
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (5,047)
<NET-ASSETS> 96,905
<DIVIDEND-INCOME> 1,065
<INTEREST-INCOME> 3,381
<OTHER-INCOME> 0
<EXPENSES-NET> 2,394
<NET-INVESTMENT-INCOME> 2,052
<REALIZED-GAINS-CURRENT> 6,874
<APPREC-INCREASE-CURRENT> (10,262)
<NET-CHANGE-FROM-OPS> (1,335)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16,301)
<DISTRIBUTIONS-OF-GAINS> (6,100)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14,356
<NUMBER-OF-SHARES-REDEEMED> (40,405)
<SHARES-REINVESTED> 7,634
<NET-CHANGE-IN-ASSETS> (41,205)
<ACCUMULATED-NII-PRIOR> 651
<ACCUMULATED-GAINS-PRIOR> 11,234
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 707
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2,402
<AVERAGE-NET-ASSETS> 65,519
<PER-SHARE-NAV-BEGIN> 12.79
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> (.36)
<PER-SHARE-DIVIDEND> (.34)
<PER-SHARE-DISTRIBUTIONS> (1.13)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.22
<EXPENSE-RATIO> 1.51
</TABLE>
