KEMPER TAX-FREE INCOME FUNDS
Kemper Municipal Bond Fund
Kemper Intermediate Municipal Bond Fund
Kemper California Tax-Free Income Fund
Kemper Florida Tax-Free Income Fund
Kemper New York Tax-Free Income Fund
Kemper Ohio Tax-Free Income Fund
SUPPLEMENT TO PROSPECTUS
JANUARY 1, 1999
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The following information replaces disclosure in the "Portfolio Management"
section of the Prospectus on pages 30-32:
Eleanor R. Brennan is the Lead Portfolio Manager for each of Kemper California
Tax-Free Income Fund, Kemper Florida Tax-Free Income Fund, and Kemper Ohio
Tax-Free Income Fund; is a Co-Lead Portfolio Manager for Kemper Municipal Bond
Fund; and is a Portfolio Manager for Kemper New York Tax-Free Income Fund. She
joined the Florida and Municipal Bond Funds in 1998, joined the California, Ohio
and New York Funds in 1999, and joined Scudder Kemper Investments in 1995. She
began her investment career in 1990. Prior to joining Scudder Kemper, Ms.
Brennan was an assistant portfolio manager for an unaffiliated investment
management firm.
Ashton P. Goodfield is the Lead Portfolio Manager for Kemper New York Tax-Free
Income Fund and for Kemper Intermediate Municipal Bond Fund. She joined the New
York Fund in 1999, joined the Intermediate Municipal Bond Fund in 1998, and
joined Scudder Kemper Investments in 1986. She began her investment career in
1986 as a member of the portfolio management teams of certain other affiliated
mutual funds.
Philip G. Condon is the Lead Portfolio Manager for Kemper Municipal Bond Fund
and is a Portfolio Manager for Kemper Intermediate Municipal Bond Fund. He
joined each of the Funds in 1999 and joined Scudder Kemper Investments in 1983,
and is director of the Municipal Bond Research Department. He began his
investment career in 1976.
Matthew J. Caggiano is a Portfolio Manager for Kemper California Tax-Free Income
Fund and for Kemper Municipal Bond Fund. He joined each of the Funds in 1999 and
joined Scudder Kemper Investments in 1991, and also serves as the principal
municipal bond trader for affiliated insurance asset management accounts. He
started his investment career in 1989.
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Rebecca L. Wilson is a Portfolio Manager for Kemper Florida Tax-Free Income Fund
and Kemper Ohio Tax-Free Income Fund. She joined the Florida Fund in 1999,
joined the Ohio Fund in 1998 and joined Scudder Kemper Investments in 1986, and
has served as a portfolio manager for certain other affiliated mutual funds. She
began her investment career in 1986.
May 19, 1999
