[ZURICH KEMPER LIFE LETTERHEAD]
VIA EDGAR
August 29, 2000
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: Kemper Investors Life Insurance Company ("KILICO")
and KILICO Variable Separate Account
("Variable Separate Account")
File No. 811-5025
Commissioners:
Attached for filing, pursuant to Section 30(d) and Rule 30d-2 of the
Investment Company Act of 1940 ("1940 Act"), is the most recent semi-annual
report of the Variable Separate Account referenced above for the Power V
Variable Universal Life product ("Power V"). The semi-annual report consists
of a front and back cover binding the most recent semi-annual reports of the
mutual fund subaccount options available through the Variable Separate
Account for Power V. Because the most recent semi-annual reports of the funds
have been filed with the SEC by their respective Investment Managers/Advisers,
KILICO is filing herewith only the front and back cover prepared by KILICO
and hereby incorporates by reference the semi-annual reports of the underlying
funds set forth below.
The Variable Separate Account for Power V includes the underlying fund
options as follows:
Kemper Variable Series (File No. 811-5002)
American Skandia Trust (File No. 811-5186)
Fidelity Variable Insurance Products Fund (File No. 811-03329)
Fidelity Variable Insurance Products Fund II (File No. 811-05511)
Fidelity Variable Insurance Products Fund III (File No. 811-07205)
Scudder Variable Life Investment Fund (File No. 811-04257)
Please call the undersigned at 847-969-3524 if you have any questions or
comments.
Yours truly,
/s/ Juanita M. Thomas
Juanita M. Thomas
Vice President and
Assistant General Counsel
<PAGE>
LOGO: WMA SECURITIES, INC.
POWER V
Variable
Universal Life
2000 SEMI-ANNUAL
REPORT
Includes semi-annual reports for:
Kemper Variable Series
American Skandia Trust
Fidelity Variable Insurance Products Fund
Fidelity Variable Insurance Products Fund II
Fidelity Variable Insurance Products Fund III
Scudder Variable Life Investment Fund
LOGO: ZURICH KEMPER
<PAGE>
LOGO: WMA SECURITIES, INC.
Securities offered through
WMA Securities, Inc.
Member NASD & SIPC
5555 Triangle Parkway
Norcross, GA 30092
770/453-9300
Power V marketed exclusively by World Marketing Alliance, Inc.;
distributed by Investors Brokerage Services, Inc.; and
underwritten by Kemper Investors Life Insurance Company,
Long Grove, IL 60049-0001
PWRV-SAN00 (8/00)
LOGO: ZURICH KEMPER
1 KEMPER DRIVE
LONG GROVE, IL 60049-0001
