KEMPER FUNDS TRUST
KEMPER LARGE COMPANY GROWTH FUND
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 1, 2000
The following disclosure replaces the second paragraph of the section entitled
"Investment Policies and Techniques" in the currently effective Statement of
Additional Information:
General. Kemper Research Fund and Kemper Small Cap Value+Growth Fund are each a
diversified series of shares of beneficial interest of Kemper Funds Trust (the
"Trust"), an open-end, registered management investment company. Kemper Large
Company Growth Fund is a non-diversified series of shares of beneficial interest
of the Trust.
The following disclosure supplements the section entitled "Investment Policies
and Techniques" in the currently effective Statement of Additional Information:
Non-Diversified Investment Company. Kemper Large Company Growth Fund is
classified as non-diversified under the "1940 Act," which means that the Fund is
not limited by the 1940 Act in the percentage of its assets that it may invest
in the obligations of a single issuer. As a "non-diversified" investment
company, the Fund may be subject to greater market and credit risk than a more
broadly diversified portfolio. The investment of a large percentage of the
Fund's assets in the securities of a small number of issuers may cause the
Fund's share price to fluctuate more than that of a diversified investment
company. The Fund will, however, be subject to the diversification requirements
imposed by Subchapter M of the Internal Revenue Code of 1986, as amended (the
"Code").
May 1, 2000
