KEMPER INCOME TRUST
Kemper High Yield Fund II
KEMPER HIGH YIELD SERIES
Kemper High Yield Opportunity Fund
SUPPLEMENT TO THE STATEMENT OF
ADDITIONAL INFORMATION DATED
JANUARY 1, 2000
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The following disclosure supplements the current information for each fund
listed above in their Statement of Additional Information:
As a matter of non-fundamental policy, each Fund will not:
borrow money in an amount greater than 20% of its total assets, except
(i) for temporary or emergency purposes and (ii) by engaging in reverse
repurchase agreements, dollar rolls, or other investments or
transactions described in the Fund's registration statement which may
be deemed to be borrowings.
October 20, 2000
