<PAGE>
EXHIBIT 17
FORM OF PROXY
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-XXX-XXX-XXXX
Please fold and detach card at
perforation before mailing.
*** CONTROL NUMBER: xxx xxx xxx xxx xx ***
KEMPER HORIZON 5 PORTFOLIO
Kemper Variable Series
222 South Riverside Plaza
Chicago, Illinois 60606
(800) [ ]
PROXY FOR THE SPECIAL MEETING OF SHAREHOLDERS
3:30 p.m., on March 14, 2001
The undersigned hereby appoints Kathryn L. Quirk, Philip J. Collora,
Maureen E. Kane and Caroline Pearson, and each of them, the proxies of the
undersigned, with the power of substitution to each of them, to vote all shares
of Kemper Horizon 5 Portfolio (the "Fund") which the undersigned is entitled to
vote at the Special Meeting of Shareholders of the Fund to be held at the
offices of Scudder Kemper Investments, Inc., 13th Floor, Two International
Place, Boston, MA 02110-4103, on March 14, 2001 at 3:30 p.m., Eastern time, and
at any adjournments thereof.
PLEASE SIGN AND RETURN PROMPTLY IN THE
ENCLOSED ENVELOPE. NO POSTAGE IS REQUIRED.
Dated ____________________________, 2001
Please sign exactly as your name or names
appear. When signing as an attorney,
executor, administrator, trustee or
guardian, please give your full title as
such.
[Name] _________________________________________
[Address] _________________________________________
Signature(s) of Shareholder(s)
<PAGE>
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-xxx-xxx-xxxx
Please fold and detach card at perforation before mailing.
All properly executed proxies will be voted as directed. If no
instructions are indicated on a properly executed proxy, the proxy will be voted
FOR approval of the proposals.
THE PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF KEMPER HORIZON 5
PORTFOLIO. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE PROPOSALS.
---
Please vote by filling in the boxes below.
FOR AGAINST ABSTAIN
PROPOSAL 1
----------
To elect Trustees of the Trust. [_] [_] [_]
NOMINEES:
(01) John W. Ballantine, (02) Lewis A. Burnham,
(03) Linda C. Coughlin, (04) Donald L. Dunaway,
(05) James R. Edgar, (06) William F. Glavin,
(07) Robert B. Hoffman, (08) Shirley D. Peterson,
(09) Fred B. Renwick, (10) William P. Sommers,
(11) John G. Weithers.
INSTRUCTION: To withhold authority to vote for any
individual nominee, write the name(s) on the line
immediately below.
____________________________________________________
PROPOSAL 2
----------
To approve an Agreement and Plan of Reorganization [_] [_] [_]
as it relates to (i) the transfer of all or
substantially all of the assets and all of the
liabilities of Kemper Horizon 5 Portfolio to Kemper
Total Return Portfolio, (ii) the distribution to
each shareholder of Kemper Horizon 5 Portfolio
shares of beneficial interest of Kemper Total
Return Portfolio in an amount equal in value to
their shares of Kemper Horizon 5 Portfolio, and
(iii) the termination of Kemper Horizon 5 Portfolio.
<PAGE>
PROPOSAL 5
----------
To ratify the selection of Ernst & Young LLP as the [_] [_] [_]
independent auditors for Kemper Horizon 5 Portfolio for
its current fiscal year.
The proxies are authorized to vote in their discretion on any other business
which may properly come before the meeting and any adjournments thereof.
PLEASE SIGN ON REVERSE SIDE
<PAGE>
FORM OF PROXY
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-XXX-XXX-XXXX
Please fold and detach card at
perforation before mailing.
*** CONTROL NUMBER: xxx xxx xxx xxx xx ***
KEMPER HORIZON 10+ PORTFOLIO
Kemper Variable Series
222 South Riverside Plaza
Chicago, Illinois 60606
(800) [ ]
PROXY FOR THE SPECIAL MEETING OF SHAREHOLDERS
3:30 p.m., on March 14, 2001
The undersigned hereby appoints Kathryn L. Quirk, Philip J. Collora,
Maureen E. Kane and Caroline Pearson, the proxies of the undersigned, with the
power of substitution to each of them, to vote all shares of Kemper Horizon 10+
Portfolio (the "Fund") which the undersigned is entitled to vote at the Special
Meeting of Shareholders of the Fund to be held at the offices of Scudder Kemper
Investments, Inc., 13th Floor, Two International Place, Boston, MA 02110-4103,
on March 14, 2001 at 3:30 p.m., Eastern time, and at any adjournments thereof.
PLEASE SIGN AND RETURN PROMPTLY IN THE
ENCLOSED ENVELOPE. NO POSTAGE IS REQUIRED.
Dated ____________________________, 2001
Please sign exactly as your name or names
appear. When signing as an attorney,
executor, administrator, trustee or
guardian, please give your full title as
such.
[Name] __________________________________________
[Address] __________________________________________
Signature(s) of Shareholder(s)
<PAGE>
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-xxx-xxx-xxxx
Please fold and detach card at perforation before mailing.
All properly executed proxies will be voted as directed. If no
instructions are indicated on a properly executed proxy, the proxy will be voted
FOR approval of the proposals.
THE PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF KEMPER HORIZON 10+
PORTFOLIO. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE PROPOSALS.
---
Please vote by filling in the boxes below.
FOR AGAINST ABSTAIN
PROPOSAL 1
----------
To elect Trustees of the Trust. [_] [_] [_]
NOMINEES:
(01) John W. Ballantine, (02) Lewis A. Burnham,
(03) Linda C. Coughlin, (04) Donald L. Dunaway,
(05) James R. Edgar, (06) William F. Glavin,
(07) Robert B. Hoffman, (08) Shirley D. Peterson,
(09) Fred B. Renwick, (10) William P. Sommers,
(11) John G. Weithers.
INSTRUCTION: To withhold authority to vote for any
individual nominee, write the name(s) on the line
immediately below.
____________________________________________________
PROPOSAL 3
----------
To approve an Agreement and Plan of Reorganization [_] [_] [_]
as it relates to (i) the transfer of all or
substantially all of the assets and all of the
liabilities of Kemper Horizon 10+ Portfolio to
Kemper Total Return Portfolio, (ii) the distribution
Horizon 10+ Portfolio shares of beneficial interest of
to each shareholder of Kemper Kemper Total Return
Portfolio in an amount equal in value to their shares
of Kemper Horizon 10+ Portfolio, and (iii) the
termination of Kemper Horizon 10+ Portfolio.
<PAGE>
PROPOSAL 5
----------
To ratify the selection of Ernst & Young LLP as the [_] [_] [_]
independent auditors for Kemper Horizon 10+ Portfolio for
its current fiscal year.
The proxies are authorized to vote in their discretion on any other business
which may properly come before the meeting and any adjournments thereof.
PLEASE SIGN ON REVERSE SIDE
<PAGE>
FORM OF PROXY
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-XXX-XXX-XXXX
Please fold and detach card at
perforation before mailing.
*** CONTROL NUMBER: xxx xxx xxx xxx xx ***
KEMPER HORIZON 20+ PORTFOLIO
Kemper Variable Series
222 South Riverside Plaza
Chicago, Illinois 60606
(800) [ ]
PROXY FOR THE SPECIAL MEETING OF SHAREHOLDERS
3:30 p.m., on March 14, 2001
The undersigned hereby appoints Kathryn L. Quirk, Philip J. Collora,
Maureen E. Kane and Caroline Pearson, and each of them, the proxies of the
undersigned, with the power of substitution to each of them, to vote all shares
of Kemper Horizon 20+ Portfolio (the "Fund") which the undersigned is entitled
to vote at the Special Meeting of Shareholders of the Fund to be held at the
offices of Scudder Kemper Investments, Inc., 13th Floor, Two International
Place, Boston, MA 02110-4103, on March 14, 2001 at 3:30 p.m., Eastern time, and
at any adjournments thereof.
PLEASE SIGN AND RETURN PROMPTLY IN THE
ENCLOSED ENVELOPE. NO POSTAGE IS REQUIRED.
Dated ____________________________, 2001
Please sign exactly as your name or names
appear. When signing as an attorney,
executor, administrator, trustee or
guardian, please give your full title as
such.
[Name] ___________________________________________
[Address] ___________________________________________
Signature(s) of Shareholder(s)
<PAGE>
[Logo] YOUR VOTE IS IMPORTANT!
[Address]
VOTE TODAY BY MAIL OR
TOUCH-TONE PHONE
CALL TOLL FREE 1-xxx-xxx-xxxx
Please fold and detach card at perforation before mailing.
All properly executed proxies will be voted as directed. If no
instructions are indicated on a properly executed proxy, the proxy will be voted
FOR approval of the proposals.
THE PROXY IS SOLICITED ON BEHALF OF THE BOARD OF TRUSTEES OF KEMPER HORIZON 20+
PORTFOLIO. THE BOARD OF TRUSTEES RECOMMENDS A VOTE FOR THE PROPOSALS.
---
Please vote by filling in the boxes below.
FOR AGAINST ABSTAIN
PROPOSAL 1
----------
To elect Trustees of the Trust. [_] [_] [_]
NOMINEES:
(01) John W. Ballantine, (02) Lewis A. Burnham,
(03) Linda C. Coughlin, (04) Donald L. Dunaway,
(05) James R. Edgar, (06) William F. Glavin,
(07) Robert B. Hoffman, (08) Shirley D. Peterson,
(09) Fred B. Renwick, (10) William P. Sommers,
(11) John G. Weithers.
INSTRUCTION: To withhold authority to vote for any
individual nominee, write the name(s) on the line
immediately below.
____________________________________________________
PROPOSAL 4
----------
To approve an Agreement and Plan of Reorganization [_] [_] [_]
as it relates to (i) the transfer of all or
substantially all of the assets and all of the
liabilities of Kemper Horizon 20+ Portfolio to
Kemper Total Return Portfolio, (ii) the distribution
to each shareholder of Kemper Horizon 20+ Portfolio
shares of beneficial interest of Kemper Total Return
Portfolio in an amount equal in value to their shares
of Kemper Horizon 20+ Portfolio, and (iii) the
termination of Kemper Horizon 20+ Portfolio.
<PAGE>
PROPOSAL 5
----------
To ratify the selection of Ernst & Young LLP as the [_] [_] [_]
independent auditors for Kemper Horizon 20+ Portfolio for
its current fiscal year.
The proxies are authorized to vote in their discretion on any other business
which may properly come before the meeting and any adjournments thereof.
PLEASE SIGN ON REVERSE SIDE
