KEMPER INTERNATIONAL FUND
SUPPLEMENT TO THE STATEMENT OF
ADDITIONAL INFORMATION DATED
MARCH 1, 2000
--------------------------
Performance figures for Class B and C shares of the Fund for the period May 31,
1994 to October 31, 1999 reflect the actual performance of these classes of
shares. Returns for Class B and C shares for the period May 21, 1981 to May 31,
1994 are derived from the historical performance of Class A shares, adjusted to
reflect the operating expenses applicable to Class B and C shares, which may be
higher or lower than those of Class A shares. The performance figures are also
adjusted to reflect the maximum sales charge of 5.75% for Class A shares and the
maximum current contingent deferred sales charge of 4% for Class B shares and 1%
for Class C shares.
The returns in the chart below assume reinvestment of distributions at net asset
value and represent both actual past performance figures and adjusted
performance figures of the Class A shares of the Fund as described above; they
do not guarantee future results. Investment return and principal value will
fluctuate so that an investor's shares, when redeemed, may be worth more or less
than their original cost.
KEMPER INTERNATIONAL FUND -- AS OF OCTOBER 31, 1999*
AVERAGE ANNUAL Class A Class B Class C
TOTAL RETURNS Shares Shares Shares
------------- ------ ------ ------
Life of Class(+) 12.11% 9.50% 9.65%
Ten Years 8.70% 8.34% 8.41%
Five Years 9.12% 9.31% 9.47%
One Year 16.35% 19.50% 22.49%
(+) Since May 21, 1981 for Class A shares. Since May 31, 1994 for Class B and
Class C shares.
* Because Class B and C shares were not introduced until May 31, 1994, the total
return for Class B and C shares for the period prior to their introduction is
based upon the performance of Class A shares from the commencement of investment
operations, May 21, 1981 through May 31, 1994. Actual performance of Class B and
C shares is shown beginning May 31, 1994.
September 29, 2000
