[Zurich Kemper Life Letterhead]
March 31, 1998
Via EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: KILICO Variable Separate Account of
Kemper Investors Life Insurance Company
SEC File No.: 33-65399
Commissioners:
Enclosed for filing pursuant to the requirements of Rule 497(e) under the
Securities Act of 1933 is a prospectus supplement dated March 31, 1998 to
the prospectus dated May 1, 1997. The supplement provides for a Notice of
Proxy regarding various changes to one of the portfolios available under the
contract in which contract owners may be shareholders.
Please call the undersigned at 847-550-7740 if you have any questions.
Sincerely,
/s/ KURT W. BERNLOHR
Kurt W. Bernlohr
Senior Counsel
Enclosures
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SUPPLEMENT DATED MARCH 31, 1998 TO
PROSPECTUS DATED MAY 1, 1997 FOR
FLEXIBLE PREMIUM VARIABLE LIFE INSURANCE POLICIES
ISSUED BY
KEMPER INVESTORS LIFE INSURANCE COMPANY
THROUGH ITS KILICO VARIABLE SEPARATE ACCOUNT
This supplement updates certain information contained in your Prospectus.
Please read it carefully and keep it with your prospectus for future
reference.
Notice of Proxy
Owners with Separate Account Value allocated to the Berger Capital Growth
Subaccount as of March 9, 1998 ("record date") will be receiving a
solicitation of proxy as beneficial owners of units of the Subaccount that
invest in underlying shares of the Berger Capital Growth portfolio of
American Skandia Trust ("shareholders").
Shareholders of the Berger Capital Growth portfolio are being asked to
reappoint American Skandia Investment Services, Incorporated as investment
manager of the portfolio, to appoint Neuberger & Berman Management
Incorporated as the new portfolio sub-advisor, to change the portfolio's
investment objective and certain fundamental investment restrictions, and to
change the portfolio's name to "Neuberger & Berman Mid-Cap Growth."
Owners who choose to allocate Separate Account Value to the Berger Capital
Growth Subaccount after the record date will not receive a proxy solicitation
and will not be entitled to vote on the changes outlined above. Owners
should take into consideration if they are considering allocating Separate
Account Value to the Berger Capital Growth Subaccount.
