KEMPER PORTFOLIOS
NSAR-B, EX-27, 2000-12-04
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<TABLE> <S> <C>

<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Cash Reserves Fund Annual Report for the fiscal year ended 9/30/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000701638
<NAME> KEMPER PORTFOLIOS
<SERIES>
   <NUMBER> 06
   <NAME> KEMPER CASH RESERVES FUND

<S>                             <C>
<PERIOD-TYPE>                   12-MOS
<FISCAL-YEAR-END>                          SEP-30-2000
<PERIOD-START>                             OCT-01-1999
<PERIOD-END>                               SEP-30-2000
<INVESTMENTS-AT-COST>                      490,915,532
<INVESTMENTS-AT-VALUE>                     490,915,532
<RECEIVABLES>                               47,257,677
<ASSETS-OTHER>                                     870
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                             538,174,079
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                    5,528,190
<TOTAL-LIABILITIES>                          5,528,190
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                             0
<SHARES-COMMON-STOCK>                       78,846,970
<SHARES-COMMON-PRIOR>                       96,770,733
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                             0
<NET-ASSETS>                               532,645,889
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                           32,594,859
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               7,332,992
<NET-INVESTMENT-INCOME>                     25,261,867
<REALIZED-GAINS-CURRENT>                             0
<APPREC-INCREASE-CURRENT>                            0
<NET-CHANGE-FROM-OPS>                                0
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                    586,784,915
<NUMBER-OF-SHARES-REDEEMED>              (607,406,223)
<SHARES-REINVESTED>                          2,697,278
<NET-CHANGE-IN-ASSETS>                   (115,359,078)
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        2,051,259
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                              7,370,736
<AVERAGE-NET-ASSETS>                        73,955,878
<PER-SHARE-NAV-BEGIN>                             1.00
<PER-SHARE-NII>                                   0.05
<PER-SHARE-GAIN-APPREC>                              0
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                       (0.05)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               1.00
<EXPENSE-RATIO>                                   1.56


</TABLE>


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