INVESTMENT TRUST
497, 1998-06-29
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                           KEMPER CLASSIC GROWTH FUND
                                -----------------

                          KEMPER GLOBAL DISCOVERY FUND
                                -----------------

                                KEMPER VALUE FUND
                                -----------------

                           SUPPLEMENT TO PROSPECTUSES
                              DATED APRIL 16, 1998

         The following text replaces the section entitled  "Purchase of Shares -
Special Promotion" in each Fund's prospectus:

Special Promotion

         From July 1, 1998 until December 31, 1998 ("Special  Offering Period"),
KDI, the  principal  underwriter  for the Kemper  Shares,  intends to reallow to
dealers the full  applicable  sales charge with respect to Class A shares of the
Fund  purchased  during  the  Special  Offering  Period  (not  including  shares
purchased  at net asset  value).  KDI also  intends  to pay firms an  additional
commission of 0.50% with respect to Class B shares of the Fund purchased  during
the Special Offering  Period,  not including shares purchased in connection with
exchanges or other transactions for which commissions are not paid.


June 30, 1998


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