Kemper Global and International Funds
Growth Fund Of Spain
SUPPLEMENT TO PROSPECTUS
DATED MARCH 1, 1999, AS REVISED NOVEMBER 10, 1999
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The following information supplements the prospectus for Growth Fund Of Spain:
The Board of Directors of Kemper Global/International Series, Inc. approved,
subject to shareholder approval, changes to the investment policies of Growth
Fund Of Spain (the "Fund"). The changes which were recommended by Scudder Kemper
Investments, Inc., the Fund's investment manager, would change the manner in
which the Fund seeks its investment objective of long-term capital appreciation
from investment primarily in Spanish equities to investment primarily in a
diversified portfolio of securities issued by established foreign companies. If
the changes are approved by shareholders, the Fund's name will be changed to
Kemper International Research Fund and the 2% redemption fee, which is
applicable to shares redeemed that have been held for less than one year, will
be eliminated. The Board also approved, subject to shareholder approval, certain
other changes to the Fund's investment objective and fundamental investment
policies and restrictions to provide the Fund with greater flexibility by
eliminating the need for shareholder approval of changes to the Fund's
investment objective and policies and to bring the Fund's fundamental investment
policies into conformity with other funds managed by Scudder Kemper.
It is expected that proxy materials relating to the proposed changes will be
mailed to the Fund's shareholders in February 2000. A Special Meeting of
Shareholders to vote on the proposed changes is expected to be held on or about
April 6, 2000.
February 14, 2000
