<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains financial information extracted from the Kemper New
Europe Fund Semiannual Report for the period ended 4/30/00 and is qualified in
its entirety by reference to such financial statements.
</LEGEND>
<CIK> 0000857690
<NAME> KEMPER NEW EUROPE FUND, INC.
<SERIES>
<NUMBER> 012
<NAME> KEMPER NEW EUROPE FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> OCT-31-2000
<PERIOD-START> NOV-01-1999
<PERIOD-END> APR-30-2000
<INVESTMENTS-AT-COST> 254,570
<INVESTMENTS-AT-VALUE> 378,787
<RECEIVABLES> 4,890
<ASSETS-OTHER> 372
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 384,049
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 822
<TOTAL-LIABILITIES> 822
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 187,365
<SHARES-COMMON-STOCK> 1,046
<SHARES-COMMON-PRIOR> 373
<ACCUMULATED-NII-CURRENT> (1,368)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 73,056
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 124,173
<NET-ASSETS> 383,227
<DIVIDEND-INCOME> 1,171
<INTEREST-INCOME> 539
<OTHER-INCOME> 0
<EXPENSES-NET> 3,062
<NET-INVESTMENT-INCOME> (1,352)
<REALIZED-GAINS-CURRENT> 72,438
<APPREC-INCREASE-CURRENT> 24,862
<NET-CHANGE-FROM-OPS> 95,948
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (4,044)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24,203
<NUMBER-OF-SHARES-REDEEMED> (13,245)
<SHARES-REINVESTED> 847
<NET-CHANGE-IN-ASSETS> 88,628
<ACCUMULATED-NII-PRIOR> (16)
<ACCUMULATED-GAINS-PRIOR> 30,147
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1,388
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3,062
<AVERAGE-NET-ASSETS> 12,827
<PER-SHARE-NAV-BEGIN> 14.62
<PER-SHARE-NII> (0.12)
<PER-SHARE-GAIN-APPREC> 4.72
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (1.95)
<RETURNS-OF-CAPITAL> 0.00
<PER-SHARE-NAV-END> 17.27
<EXPENSE-RATIO> 2.54
</TABLE>