Exhibit (j)
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "Independent Auditors and Reports to Shareholders" and to the
use of our report dated December 15, 2000 in the Registration Statement (Form
N-1A) of Kemper Income and Capital Preservation Fund, and its incorporation by
reference in the related prospectus and statement of additional information of
Kemper Income Funds, filed with the Securities and Exchange Commission in this
Post-Effective Amendment No. 47 to the Registration Statement under the
Securities Act of 1933 (File No. 2-45481) and in this Amendment No. 47 to the
Registration Statement under the Investment Company Act of 1940 (File No.
811-2305).
/s/ERNST & YOUNG LLP
ERNST & YOUNG LLP
Chicago, Illinois
December 22, 2000
