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KEMPER RETIREMENT FUND SERIES VI
SUPPLEMENT TO PROSPECTUS
DATED OCTOBER 25, 1995
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INVESTMENT MANAGER AND UNDERWRITER
INVESTMENT MANAGER
Kemper Financial Services, Inc., the investment manager for the Fund, has
changed its name to Zurich Kemper Investments, Inc. ("ZKI"). ZKI is an indirect
subsidiary of Zurich Insurance Company, an internationally recognized company
providing services in life and non-life insurance, reinsurance and asset
management. See "Investment Manager and Underwriter" in the prospectus.
ADMINISTRATOR
As reflected in the first paragraph under "Administrator," Kemper
Distributors, Inc. ("KDI"), the principal underwriter and administrator for the
Fund, is paid an administrative service fee by the Fund of up to .25% of average
daily net assets of the Fund. KDI then pays financial services firms a service
fee at an annual rate of up to .25% of net assets of those accounts in the Fund
that the firms maintain and service. In addition, KDI may, from time to time,
from its own resources pay certain firms additional amounts for ongoing
administrative services and assistance provided to their customers and clients
who are shareholders of the Fund.
PURCHASE OF SHARES
As reflected in the seventh paragraph under "Purchase of Shares" in the
prospectus, shares of the Fund may be purchased at net asset value to the extent
that the amount invested represents the net proceeds from a redemption of shares
of a mutual fund for which ZKI or an affiliate does not serve as investment
manager ("non-Kemper fund") provided that certain conditions specified in that
paragraph are satisfied including the condition that the investor has previously
paid either an initial sales charge in connection with the purchase of the
non-Kemper fund shares redeemed or a contingent deferred sales charge in
connection with the redemption of the non-Kemper fund shares. KDI may in its
discretion compensate firms for sales of shares under this privilege at a
commission rate of .50% of the amount of shares of the Fund purchased.
As described in the eighth paragraph under "Purchase of Shares" in the
prospectus, shares of the Fund may be purchased at net asset value by: (a) any
purchaser provided that the amount invested in the Fund and certain other Kemper
Mutual Funds totals at least $1,000,000, or (b) certain participant-directed
employee benefit plans with at least 200 eligible employees (the "Large Order
NAV Purchase Privilege"). Redemption within one year of shares purchased under
the Large Order NAV Purchase Privilege may be subject to a contingent deferred
sales charge of 1%. Effective for shares purchased on or after June 17, 1996
under this privilege, in addition to the aforementioned 1% contingent deferred
sales charge, a contingent deferred sales charge of .50% may be imposed upon
redemption of such shares during the second year following the date of purchase.
See "Purchase of Shares" in the prospectus for information on the calculation of
the charge and waivers of the charge. In addition to the waivers set forth in
the aforementioned section of the prospectus, the contingent deferred sales
charge will be waived in connection with redemptions of shares purchased under
the Large Order NAV Purchase Privilege by investors whose dealer of record at
the time of investment notifies KDI that the dealer waives the commission for
such purchase described in the following paragraph.
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In addition, as reflected under "Purchase of Shares" in the prospectus, KDI
may in its discretion compensate investment dealers or other financial services
firms up to certain amounts in connection with the sale of shares of the Fund at
net asset value in accordance with the Large Order NAV Purchase Privilege.
Effective for shares purchased on or after June 17, 1996 under this privilege,
KDI may in its discretion compensate such firms up to the following amounts:
1.00% of the net asset value of shares sold on amounts up to $5 million, .50% on
the next $45 million and .25% on amounts over $50 million. The commission
schedule will be reset on a calendar year basis for sales of shares pursuant to
the Large Order NAV Purchase Privilege to employer sponsored employee benefit
plans using the subaccount recordkeeping system made available through Kemper
Service Company. For purposes of determining the appropriate commission
percentage to be applied to a particular sale under the foregoing schedule, KDI
will consider the amount invested by a purchaser in the Fund and other Kemper
Mutual Funds listed under "Special Features -- Combined Purchases" in the
prospectus, including purchases pursuant to the "Combined Purchases," "Letter of
Intent" and "Cumulative Discount" features described under "Special Features."
Shares of the Fund may be purchased at net asset value in any amount by
certain professionals who assist in the promotion of Kemper Funds pursuant to
personal services contracts with KDI, for themselves or members of their
families. KDI in its discretion may compensate financial services firms for
sales of shares under this privilege at a commission rate of .50% of the amount
of shares purchased.
DIVIDENDS AND TAXES
Dividends and other distributions in the aggregate amount of $10 or less
are automatically reinvested in shares of the Fund unless the Shareholder
requests that such policy not be applied to the Shareholder's account.
When more than one shareholder resides at the same address, certain reports
and communications to be delivered to such shareholders may be combined in the
same mailing package, and certain duplicate reports and communications may be
eliminated. Similarly, account statements to be sent to such shareholders may be
combined in the same mailing package or consolidated into a single statement.
However, a shareholder may request that the foregoing policies not be applied to
the shareholder's account.
REDEMPTION OR REPURCHASE OF SHARES
If shares of a Fund to be redeemed were purchased by check or through
EXPRESS-Transfer or Bank Direct Deposit, the Fund may delay transmittal of
redemption proceeds until it has determined that collected proceeds have been
received for the purchase of such shares, which may be up to 10 calendar days
from receipt by the Fund of the purchase amount.
SPECIAL FEATURES
EXPRESS-TRANSFER
The minimum and maximum amounts that may be redeemed under the
EXPRESS-Transfer privilege are $100 and $50,000, respectively.
August 9, 1996
KTEF-1G 8/96 (LOGO)Kprinted on recycled paper
