KEMPER GLOBAL AND INTERNATIONAL FUNDS
Kemper Asian Growth Fund
Kemper Emerging Markets Growth Fund
Kemper Emerging Markets Income Fund
Kemper Global Blue Chip Fund
Kemper Global Income Fund
Kemper International Fund
Kemper International Growth and Income Fund
Kemper Latin America Fund
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1999,
AS REVISED NOVEMBER 10, 1999
---------------------------
Effective January 1, 2000, the following disclosure replaces the (i) Annual fund
operating expenses table and (ii) expense example table in the "Fee and expense
information" section for the indicated fund:
Kemper Asian Growth Fund
Class A Class B Class C
------- ------- -------
Management Fee 0.85% 0.85% 0.85%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 3.00% 3.90% 4.16%
Total Annual Fund Operating
Expenses 3.85% 5.50% 5.76%
Expense Reimbursement 2.05% 2.72% 3.05%
Net Annual Operating
Expenses** 1.80% 2.78% 2.71%
- -----------
* Includes cost of shareholder servicing, custody and similar expenses, which
vary with fund size and other factors. "Other Expenses" are restated to
reflect changes in certain administrative and blue sky fees.
** By contract, total annual fund operating expenses are capped at 1.80% for
Class A shares, 2.78% for Class B shares, and 2.71% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $747 $681 $374
3 Years $1,505 $1,700 $1,444
5 Years $2,280 $2,708 $2,595
10 Years $4,297 $4,628 $5,399
<PAGE>
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $747 $281 $274
3 Years $1,505 $1,400 $1,444
5 Years $2,280 $2,508 $2,595
10 Years $4,297 $4,628 $5,399
Kemper Emerging Markets Growth Fund
Class A Class B Class C
------- ------- -------
Management Fee 1.25% 1.25% 1.25%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 25.29% 26.17% 26.11%
Total Annual Fund Operating
Expenses 26.54% 28.17% 28.11%
Expense Reimbursement 24.26% 24.99% 24.96%
Net Annual Operating
Expenses** 2.28% 3.18% 3.15%
- -----------
* Includes cost of shareholder servicing, custody, accounting services and
similar expenses, which vary with fund size and other factors. "Other
Expenses" are restated to reflect changes in certain administrative and blue
sky fees.
** By contract, total annual fund operating expenses are capped at 2.28% for
Class A shares, 3.18% for Class B shares, and 3.15% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $793 $721 $418
3 Years $4,884 $5,105 $4,797
5 Years $7,403 $7,652 $7,445
10 Years $10,237 $10,197 $10,246
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $793 $321 $318
3 Years $4,884 $4,805 $4,797
5 Years $7,403 $7,452 $7,445
10 Years $10,237 $10,197 $10,246
2
<PAGE>
Kemper Emerging Markets Income Fund
Class A Class B Class C
------- ------- -------
Management Fee 1.00% 1.00% 1.00%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 4.82% 5.70% 5.67%
Total Annual Fund Operating
Expenses 5.82% 7.45% 7.42%
Expense Reimbursement 4.14% 4.89% 4.89%
Net Annual Operating
Expenses** 1.68% 2.56% 2.53%
- -----------
* Includes cost of shareholder servicing, custody, accounting services and
similar expenses, which vary with fund size and other factors. "Other
Expenses" are restated to reflect changes in certain administrative and blue
sky fees.
** By contract, total annual fund operating expenses are capped at 1.68% for
Class A shares, 2.56% for Class B shares, and 2.53% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $736 $659 $356
3 Years $1,860 $2,048 $1,740
5 Years $2,966 $3,365 $3,153
10 Years $5,652 $5,919 $6,396
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $736 $259 $256
3 Years $1,860 $1,748 $1,740
5 Years $2,966 $3,165 $3,153
10 Years $5,652 $5,919 $6,396
3
<PAGE>
Kemper Global Blue Chip Fund
Class A Class B Class C
------- ------- -------
Management Fee 1.00% 1.00% 1.00%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 6.15% 6.99% 6.95%
Total Annual Fund Operating
Expenses 7.15% 8.74% 8.70%
Expense Reimbursement 5.35% 6.06% 6.05%
Net Annual Operating
Expenses** 1.80% 2.68% 2.65%
- -----------
* Includes cost of shareholder servicing, custody, accounting services and
similar expenses, which vary with fund size and other factors. "Other
Expenses" are restated to reflect changes in certain administrative and blue
sky fees.
** By contract, total annual fund operating expenses are capped at 1.80% for
Class A shares, 2.68% for Class B shares, and 2.65% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $747 $671 $368
3 Years $2,109 $2,294 $1,984
5 Years $3,413 $3,790 $3,576
10 Years $6,434 $6,661 $7,066
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $747 $271 $268
3 Years $2,109 $1,994 $1,984
5 Years $3,413 $3,590 $3,576
10 Years $6,434 $6,661 $7,066
4
<PAGE>
Kemper Global Income Fund
Class A Class B Class C
------- ------- -------
Management Fee 0.75% 0.75% 0.75%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 0.85% 0.84% 0.67%
Total Annual Fund Operating
Expenses 1.60% 2.34% 2.17%
- -----------
* Includes cost of shareholder servicing, custody and similar expenses, which
vary with fund size and other factors. "Other Expenses" are restated to
reflect changes in certain administrative and blue sky fees.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $605 $637 $320
3 Years $932 $1,030 $679
5 Years $1,282 $1,450 $1,164
10 Years $2,265 $2,322 $2,503
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $605 $237 $220
3 Years $932 $730 $679
5 Years $1,282 $1,250 $1,164
10 Years $2,265 $2,322 $2,503
5
<PAGE>
Kemper International Fund
Class A Class B Class C
------- ------- -------
Management Fee 0.73% 0.73% 0.73%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 0.94% 0.94% 0.94%
Total Annual Fund Operating
Expenses 1.67% 2.64% 2.57%
- -----------
* Includes cost of shareholder servicing, custody and similar expenses, which
vary with fund size and other factors. "Other Expenses" are restated to
reflect changes in certain administrative and blue sky fees.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $735 $667 $360
3 Years $1,071 $1,120 $799
5 Years $1,430 $1,600 $1,365
10 Years $2,438 $2,521 $2,905
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $735 $267 $260
3 Years $1,071 $820 $799
5 Years $1,430 $1,400 $1,365
10 Years $2,438 $2,521 $2,905
6
<PAGE>
Kemper International Growth and Income Fund
Class A Class B Class C
------- ------- -------
Management Fee 1.00% 1.00% 1.00%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 14.90% 15.73% 15.68%
Total Annual Fund Operating
Expenses 15.90% 17.48% 17.43%
Expense Reimbursement 14.09% 14.79% 14.77%
Net Annual Operating
Expenses** 1.81% 2.69% 2.66%
- -----------
* Includes cost of shareholder servicing, custody, accounting services and
similar expenses, which vary with fund size and other factors. "Other
Expenses" are restated to reflect changes in certain administrative and blue
sky fees.
** By contract, total annual fund operating expenses are capped at 1.81% for
Class A shares, 2.69% for Class B shares, and 2.66% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $748 $672 $369
3 Years $3,513 $3,717 $3,408
5 Years $5,709 $6,026 $5,814
10 Years $9,416 $9,489 $9,653
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $748 $272 $269
3 Years $3,513 $3,417 $3,408
5 Years $5,709 $5,826 $5,814
10 Years $9,416 $9,489 $9,653
7
<PAGE>
Kemper Latin America Fund
Class A Class B Class C
------- ------- -------
Management Fee 1.25% 1.25% 1.25%
Distribution (12b-1) Fees None 0.75% 0.75%
Other Expenses* 21.51% 22.30% 22.30%
Total Annual Fund Operating
Expenses 22.76% 24.30% 24.30%
Expense Reimbursement 20.57% 21.23% 21.26%
Net Annual Operating
Expenses** 2.19% 3.07% 3.04%
- -----------
* Includes cost of shareholder servicing, custody, accounting services and
similar expenses, which vary with fund size and other factors. "Other
Expenses" are restated to reflect changes in certain administrative and blue
sky fees.
** By contract, total annual fund operating expenses are capped at 2.19% for
Class A shares, 3.07% for Class B shares, and 3.04% for Class C shares
through February 29, 2000.
Example
Fees and expenses if you sold your shares after:
Class A Class B Class C
------- ------- -------
1 Year $784 $710 $407
3 Years $4,447 $4,654 $4,352
5 Years $6,924 $7,187 $6,986
10 Years $10,152 $10,147 $10,222
Fees and expenses if you did not sell your shares:
Class A Class B Class C
------- ------- -------
1 Year $784 $310 $307
3 Years $4,447 $4,354 $4,352
5 Years $6,924 $6,987 $6,986
10 Years $10,152 $10,147 $10,222
January 5, 2000
