[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 Kemper
Destinations Life Variable Universal Life product ("Destinations Life"). 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 Destinations Life. 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 Destinations Life includes the
underlying fund options as follows:
Kemper Variable Series (File No. 811-5002)
Scudder Variable Life Investment Fund (File No. 811-04257)
The Alger American Fund (File No. 811-5550)
Dreyfus Investment Portfolios (File No. 811-08673)
The Dreyfus Socially Responsible Growth Fund, Inc. (File No. 811-7044)
Warburg Pincus Trust (File No. 811-07261)
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>
LONG-TERM INVESTING IN A SHORT-TERM WORLD(SM)
SEMIANNUAL REPORT TO
SHAREHOLDERS FOR THE SIX MONTHS
ENDED JUNE 30, 2000
Semiannual Report
For Policy Holders of Kemper Destinations(SM) Life
* Kemper Variable Series
* Scudder Variable Life Investment Fund
* The Alger American Fund
* Dreyfus Investment Portfolios
* The Dreyfus Socially Responsible Growth Fund, Inc.
* Warburg Pincus Trust
LOGO: KEMPER ANNUITIES & LIFE
<PAGE>
This report must be preceded or accompanied by the current prospectus.
Kemper Destinations(SM) Life is a modified single premium variable universal
life insurance policy (under policy form series L-8387 & L-8388), issued by
Kemper Investors Life Insurance Company, Long Grove, IL. Securities are
distributed by Investors Brokerage Services, Inc., located at 1 Kemper Drive,
Long Grove, IL 60049. Kemper Destinations(SM) Life may not be available in
all states. The policy contains limitations. Policy forms may vary per
state. Certain features may be subject to state variation.
Because additional premium is permitted under the policy or may be required
to continue coverage in-force, some states do not consider Kemper
Destinations(SM) Life to be a single premium variable universal life
insurance policy.
The policies are not deposits or obligations of, or guaranteed or endorsed by,
any bank or other financial institution. The policies are neither insured
nor guaranteed by the Federal Deposit Insurance Corporation or any other
government agency. The policy involves investment risk, including the
possible loss of principal.
Symbols: NO BANK AND NO FDIC
INVESTMENT MANAGERS:
Scudder Kemper Investments, Inc.
222 South Riverside Plaza
Chicago, IL 60606
(Tel) 800-778-1482
Fred Alger Management, Inc.
1 World Trade Center
Suite 9333
New York, NY 10048
(Tel) 800-992-3863
The Dreyfus Family of Funds
144 Glenn Curtiss Boulevard
Uniondale, NY 11556-0144
(Tel) 800-554-4611
Warburg Pincus
P.O. Box 9030
Boston, MA 02205-9030
(Tel) 800-525-3713
LOGO: RECYCLING
Printed on recycled paper
SPVL-3 (8/31/00) 1118980
Printed in the U.S.A.
LOGO: KEMPER ANNUITIES & LIFE
Long-term investing in a short-term world(SM)
