<PAGE> PAGE 1
000 A000000 09/30/1999
000 C000000 0000863209
000 D000000 N
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000 I000000 6.1
000 J000000 A
001 A000000 INVESTORS CASH TRUST
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001 C000000 3125377000
002 A000000 222 SOUTH RIVERSIDE PLAZA
002 B000000 CHICAGO
002 C000000 IL
002 D010000 60606
002 D020000 5808
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007 C010500 5
007 C010600 6
007 C010700 7
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007 C011000 10
008 A00AA01 SCUDDER KEMPER INVESTMENTS, INC.
008 B00AA01 A
008 C00AA01 801-44899
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10154
008 D04AA01 0100
010 A00AA01 KEMPER DISTRIBUTORS, INC.
010 B00AA01 8-47765
010 C01AA01 CHICAGO
010 C02AA01 IL
010 C03AA01 60606
010 C04AA01 5808
011 A00AA01 KEMPER DISTRIBUTORS, INC.
<PAGE> PAGE 2
011 B00AA01 8-47765
011 C01AA01 CHICAGO
011 C02AA01 IL
011 C03AA01 60606
011 C04AA01 5808
012 A00AA01 KEMPER SERVICE COMPANY
012 B00AA01 84-1713
012 C01AA01 KANSAS CITY
012 C02AA01 MO
012 C03AA01 64141
013 A00AA01 ERNST & YOUNG LLP
013 B01AA01 CHICAGO
013 B02AA01 IL
013 B03AA01 60606
014 A00AA01 SCUDDER INVESTOR SERVICES, INC.
014 B00AA01 8-298
014 A00AA02 KEMPER DISTRIBUTORS, INC.
014 B00AA02 8-47765
014 A00AA03 GRUNTAL & CO., INC.
014 B00AA03 8-31022
014 A00AA04 THE GMS GROUP, L.L.C. (A GRUNTAL AFFILIATE)
014 B00AA04 8-23936
014 A00AA05 ZURICH CAPITAL MARKETS
014 B00AA05 8-49827
014 A00AA06 BANK HANDLOWY
014 B00AA06 8-24613
015 A00AA01 STATE STREET BANK & TRUST COMPANY
015 B00AA01 C
015 C01AA01 BOSTON
015 C02AA01 MA
015 C03AA01 02110
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<PAGE> PAGE 3
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022 A000001 LEHMAN BROTHERS HOLDINGS, INC.
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022 C000001 1598575
022 D000001 19557
022 A000002 DONALDSON, LUFKIN & JENRETTE
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022 C000002 1098705
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022 A000003 FIRST CHICAGO NBD CORPORATION
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022 D000003 348858
022 A000004 BEAR, STEARNS & COAN WITTER & CO.
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022 C000004 588500
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022 B000005 13-5674085
022 C000005 471579
022 D000005 29094
022 A000006 STATE STREET BANK
022 B000006 04-1867445
022 C000006 474569
022 D000006 0
022 A000007 CHASE MANHATTAN BANKINGS, INC.
022 B000007 UNKOWN
022 C000007 380293
022 D000007 70000
022 A000008 SALOMON BROTHERS
022 B000008 13-3082694
022 C000008 324103
022 D000008 41103
022 A000009 GOLDMAN, SACHS & CO.
022 B000009 13-5108880
022 C000009 164882
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022 B000010 13-2655998
022 C000010 114968
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<PAGE> PAGE 4
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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SIGNATURE PHILIP J. COLLORA
TITLE V.P. & SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
INVESTORS CASH TRUST - GOVERNMENT SECURITIES PORTFOLIO SEMIANNUAL REPORT
FOR THE PERIOD ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY
BY REFERENCES TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000863209
<NAME> INVESTORS CASH TRUST
<SERIES>
<NUMBER> 01
<NAME> GOVERNMENT SECURITIES PORTFOLIO
<MULTIPLIER> 1,000
<S> <C>
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</TABLE>
<TABLE> <S> <C>
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<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
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ENDED SEPTEMBER 30, 1999 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
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</LEGEND>
<CIK> 0000863209
<NAME> INVESTORS CASH TRUST
<SERIES>
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</TABLE>
REPORT OF INDEPENDENT AUDITORS
Board of Trustees
Kemper Funds
In planning and performing our audits of the financial statements of each of the
Kemper Funds listed in Exhibit A attached hereto (the "Funds") for the period
ended as of the date listed in Exhibit A attached hereto ("Report Date"), we
considered their internal control, including control activities for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on internal control.
The management of the Funds is responsible for establishing and maintaining
internal control. In fulfilling this responsibility, estimates and judgments by
management are required to assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an audit pertain to the
entity's objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those controls include the safeguarding of assets against
unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, error or fraud may occur
and not be detected. Also, projection of any evaluation of internal control to
future periods is subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and operation may
deteriorate.
Our consideration of internal control would not necessarily disclose all matters
in internal control that might be material weaknesses under standards
established by the American Institute of Certified Public Accountants. A
material weakness is a condition in which the design or operation of one or more
of the internal control components does not reduce to a relatively low level the
risk misstatements, error or fraud in amounts that would be material in relation
to the financial statements being audited may occur and not be detected within a
timely period by employees in the normal course of performing their assigned
functions. However, we noted no matters involving internal control and its
operation, including controls for safeguarding securities, that we consider to
be material weaknesses as defined above at Report Date.
This report is intended solely for the information and use of the board of
trustees and management and the Securities and Exchange Commission and is not
intended to be and should not be used by anyone other than these specified
parties.
ERNST & YOUNG LLP
Chicago, Illinois
November 19, 1999
<PAGE>
Kemper Funds
- ------------
Exhibit A
---------
September 30, 1999
- ------------------
Kemper Growth Fund
Kemper Small Capitalization Equity Fund
Tax-Exempt California Money Market Fund
Kemper Aggressive Growth Fund
Kemper High Yield Series -
Kemper High Yield Fund
Kemper High Yield Opportunity Fund
Kemper National Tax-Free Income Series -
Kemper Municipal Bond Fund
Kemper Intermediate Municipal Bond Fund
Kemper Portfolios -
Kemper Cash Reserves Fund
Kemper U.S. Mortgage Fund
Kemper Securities Trust -
Kemper U.S. Growth and Income Fund
Kemper Small Cap Relative Value Fund
Kemper Income Trust -
Kemper High Yield II Fund
