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 dated September 16, 1999, 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. 31 to
the Registration Statement under the Securities Act of 1933 (File No. 33-30876)
and in this Amendment No. 33 to the Registration Statement under the Investment
Company Act of 1940 (File No. 811-5896).
/s/ERNST & YOUNG LLP
ERNST & YOUNG LLP
Chicago, Illinois
August 11, 2000
