KEMPER INCOME TRUST
Kemper High Yield Fund II
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED NOVEMBER 30, 1998
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The following disclosure replaces the relevant disclosure in the "Custodian,
Transfer Agent, and Shareholder Service Agent" section of the Fund's Statement
of Additional Information.
Custodian, Transfer Agent and Shareholder Service Agent. State Street Bank and
Trust Company ("State Street"), 225 Franklin Street, Boston, Massachusetts
02110, as custodian, has custody of all securities and cash of the Fund. State
Street attends to the collection of principal and income, and payment for and
collection of proceeds of securities bought and sold by each Fund.
Pursuant to an agency agreement between the Fund and Kemper Service Company
("KSvC"), 811 Main Street, Kansas City, Missouri, an affiliate of Scudder
Kemper, KSvC serves as transfer agent, dividend paying agent, and "Shareholder
Service Agent" of the Fund. Currently, KSvC receives as transfer agent as
follows: annual account fees of $14.00 ($23.00 for retirement accounts) plus set
up charges, annual fees associated with the contingent deferred sales charge
(Class B only), an asset-based fee of 0.05% and out-of-pocket reimbursement.
