KEMPER NATIONAL TAX-FREE INCOME SERIES ("NATIONAL TRUST"):
Kemper Municipal Bond Fund ("Municipal Fund")
Kemper Intermediate Municipal Bond Fund ("Intermediate Fund")
KEMPER STATE TAX-FREE INCOME SERIES ("STATE TRUST"):
Kemper California Tax-Free Income Fund ("California Fund")
Kemper Florida Tax-Free Income Fund ("Florida Fund")
Kemper New York Tax-Free Income Fund ("New York Fund")
Kemper Ohio Tax-Free Income Fund ("Ohio Fund")
SUPPLEMENT TO STATEMENT OF ADDITIONAL INFORMATION
DATED JANUARY 1, 1999
The following disclosure replaces the relevant paragraph in the "Custodian,
Transfer Agent, and Shareholder Services Agent" section of the Statement of
Additional Information.
CUSTODIAN AND SHAREHOLDER SERVICE AGENT. State Street Bank and Trust Company
("State Street"), 225 Franklin Street, Boston, Massachusetts 02110, as
custodian, has custody of all securities and cash of the Trusts. State Street
attends to the collection of principal and income, and payment for and
collection of proceeds of securities bought and sold by the Trusts. Investors
Fiduciary Trust Company ("IFTC") 801 Pennsylvania Avenue, Kansas City, Missouri
64105, is also the Trusts' transfer agent and dividend-paying agent. Pursuant to
a services agreement with IFTC, Kemper Service Company ("KSvC"), an affiliate of
Scudder Kemper, serves as "Shareholder Service Agent" of each Trust and, as
such, performs all of IFTC's duties as transfer agent and dividend paying agent.
IFTC receives as transfer agent, and pays to KSvC as follows: prior to January
1, 1999, annual account fees at a maximum rate of $8 per account plus account
set up, transaction and maintenance charges, annual fees associated with the
contingent deferred sales charge (Class B only) and out-of-pocket expense
reimbursement and effective January 1, 1999, annual account fees of $14.00
($23.00 for retirement accounts) plus account set up charges, annual fees
associated with the contingent deferred sales charges (Class B shares only), an
asset based fee of 0.02% and out-of-pocket expense reimbursement. For the
National Trust for the fiscal year ended September 30, 1998, IFTC remitted
shareholder service fees in the amount of $1,488,000 to KSvC as Shareholder
Service Agent. For the State Trust for the fiscal year ended August 31, 1998,
IFTC remitted shareholder service fees in the amount of $546,000 to KSvC as
Shareholder Service Agent.
April 9, 1999
