Kemper Funds Trust
Kemper Large Company Growth Fund
SUPPLEMENT TO PROSPECTUS DATED JANUARY 1, 2000
The following information supplements the prospectus for Kemper Large Company
Growth Fund:
The Board of Trustees (the "Board") and shareholders have approved a change to
the Kemper Large Company Growth Fund's (the "Fund") sub-classification under the
Investment Company Act of 1940, as amended (the "1940 Act"), from "diversified"
to "non-diversified." As a result of this change, the Fund will no longer be
required to comply with the diversification requirements of the 1940 Act, thus
allowing it to invest a larger percentage of assets in a smaller number of
issuers.
The following information replaces the first paragraph in the "Main investment
strategies" section of the prospectus for Kemper Large Company Growth Fund:
The fund pursues its objective by investing primarily in the equity securities
of seasoned, financially strong large U.S. growth companies (i.e., those with
market capitalizations of $1 billion or more). The fund intends to invest in
approximately 20 - 30 such companies. As of January 1, 2000, companies in which
the fund invests had a median market capitalization of approximately $45.4
billion. The fund allocates its investments among different industries and
companies, and adjusts its portfolio securities based on long-term investing
considerations as opposed to short-term trading considerations.
The following information supplements the "Main risks" section of the prospectus
for Kemper Large Company Growth Fund:
Because the fund is non-diversified, the fund may invest a relatively high
percentage of its assets in a limited number of issuers. Accordingly, the fund's
investment returns are more likely to be impacted by changes in the market value
and returns of any one portfolio holding.
May 1, 2000
