KEMPER ASIAN GROWTH FUND
AW, 2000-01-06
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                                            Scudder Kemper Investments, Inc.
                                            Two International Place
                                            Boston, MA  02110
                                            January 6, 2000


Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, DC  20549


RE:      Withdrawal  of   Post-Effective   Amendment  No.  5,  Accession  Number
         0000088053-99-001296,   to  the   Registration   Statement   under  the
         Securities  Act of 1933 of Kemper Asian Growth Fund (the "Fund"),  File
         Nos. 333-09069 and 811-07731


Dear Ms. Riegel:

Pursuant to Rule 477(a) under the Securities Act of 1933, as amended, (the "1933
Act"),  the Fund hereby  applies to  withdraw  Post-Effective  Amendment  No. 5,
Accession Number  0000088053-99-001296,  to its registration statement under the
1933 Act that was filed on December 29, 1999.

The Amendment was filed pursuant to Rule 485(a) under the Securities Act of 1933
and Rule 8b-16 under the  Investment  Company Act of 1940 for review and comment
by  the  staff  of  the  Commission.  However,  due  to a  clerical  error,  two
Post-Effective  Amendments were filed for the Fund,  instead of one.  Therefore,
the Fund hereby requests the withdrawal of the second Post-Effective Amendment.

Please  contact  James Cove at (617)  295-3357  with any  questions you may have
concerning this matter.

                                               Very truly yours,
                                               /s/ Philip J. Collora
                                               ---------------------
                                               Philip J. Collora
                                               Vice President and Secretary,
                                               Kemper Asian Growth Fund



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