Exhibit (j)
CONSENT OF INDEPENDENT AUDITORS
We consent to the reference to our firm under the captions "Financial
Highlights" and "Independent Auditors and Reports to Shareholders" and to the
incorporation by reference of our report on the Kemper Target Equity 2011 Fund
dated September 12, 2000, in the Registration Statement of Kemper Target Equity
Fund on Form N-1A filed with the Securities and Exchange Commission in this
Post-Effective Amendment No. 32 to the Registration Statement under the
Securities Act of 1933 (File No. 33-30876) and in this Amendment No. 34 to the
Registration Statement under the Investment Company Act of 1940 (File No.
811-5896).
/s/ERNST & YOUNG LLP
ERNST & YOUNG LLP
Chicago, Illinois
November 30, 2000
