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<PAGE> PAGE 2
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SIGNATURE JEROME L. DUFFY
TITLE TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1995 SEMI-ANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000225528
<NAME> KEMPER HIGH YIELD FUND
<SERIES>
<NUMBER> 00
<NAME> COMBINED FOR ALL CLASSES
<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> SEP-30-1995
<PERIOD-END> MAR-31-1995
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<INVESTMENTS-AT-VALUE> 3,356,461
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<ASSETS-OTHER> 20,398
<OTHER-ITEMS-ASSETS> 0
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<SENIOR-LONG-TERM-DEBT> 0
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<ACCUMULATED-NII-CURRENT> 89,530
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (215,673)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (75,123)
<NET-ASSETS> 3,461,521
<DIVIDEND-INCOME> 173
<INTEREST-INCOME> 201,211
<OTHER-INCOME> 0
<EXPENSES-NET> (18,550)
<NET-INVESTMENT-INCOME> 182,834
<REALIZED-GAINS-CURRENT> (85,402)
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<DISTRIBUTIONS-OF-INCOME> (154,849)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1995 SEMI-ANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000225528
<NAME> KEMPER HIGH YIELD FUND
<SERIES>
<NUMBER> 01
<NAME> CLASS A
<MULTIPLIER> 1000
<S> <C>
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<FISCAL-YEAR-END> SEP-30-1995
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<TABLE> <S> <C>
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<LEGEND>
PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER
INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY
FINANCIAL INFORMATION EXTRACTED FROM THE 1995 SEMI-ANNUAL REPORT TO SHAREHOLDERS
AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000225528
<NAME> KEMPER HIGH YIELD FUND
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<TABLE> <S> <C>
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<LEGEND>
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FINANCIAL INFORMATION EXTRACTED FROM THE 1995 SEMI-ANNUAL REPORT TO SHAREHOLDERS
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<CIK> 0000225528
<NAME> KEMPER HIGH YIELD FUND
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<TABLE> <S> <C>
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<LEGEND>
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AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
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<CIK> 0000225528
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<NUMBER-OF-SHARES-SOLD> 1,311
<NUMBER-OF-SHARES-REDEEMED> (224)
<SHARES-REINVESTED> 28
<NET-CHANGE-IN-ASSETS> 0
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 0
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 0
<AVERAGE-NET-ASSETS> 0
<PER-SHARE-NAV-BEGIN> 7.55
<PER-SHARE-NII> .26
<PER-SHARE-GAIN-APPREC> .14
<PER-SHARE-DIVIDEND> (.20)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.75
<EXPENSE-RATIO> .006
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
