<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Target 2010 Fund Annual Report for the fiscal year ended 7/31/2000 and is
qualified in its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000854905
<NAME> KEMPER TARGET EQUITY FUND
<SERIES>
<NUMBER> 001
<NAME> KEMPER TARGET EQUITY 2010 FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 12-MOS
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-START> AUG-01-1999
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 75,972
<INVESTMENTS-AT-VALUE> 84,926
<RECEIVABLES> 410
<ASSETS-OTHER> 1
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 85,337
<PAYABLE-FOR-SECURITIES> 350
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 184
<TOTAL-LIABILITIES> 534
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 62,905
<SHARES-COMMON-STOCK> 7,479
<SHARES-COMMON-PRIOR> 9,495
<ACCUMULATED-NII-CURRENT> 993
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 11,950
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8,954
<NET-ASSETS> 84,803
<DIVIDEND-INCOME> 371
<INTEREST-INCOME> 2,970
<OTHER-INCOME> 0
<EXPENSES-NET> 918
<NET-INVESTMENT-INCOME> 2,423
<REALIZED-GAINS-CURRENT> 14,070
<APPREC-INCREASE-CURRENT> (6,808)
<NET-CHANGE-FROM-OPS> 9,685
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3,099
<DISTRIBUTIONS-OF-GAINS> 3,826
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 905
<NUMBER-OF-SHARES-REDEEMED> 3,569
<SHARES-REINVESTED> 649
<NET-CHANGE-IN-ASSETS> (19,222)
<ACCUMULATED-NII-PRIOR> 1,839
<ACCUMULATED-GAINS-PRIOR> 3,799
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 440
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 925
<AVERAGE-NET-ASSETS> 87,387
<PER-SHARE-NAV-BEGIN> 10.96
<PER-SHARE-NII> .30
<PER-SHARE-GAIN-APPREC> .87
<PER-SHARE-DIVIDEND> (.36)
<PER-SHARE-DISTRIBUTIONS> (.43)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 11.34
<EXPENSE-RATIO> 1.05
</TABLE>
