KEMPER VALUE PLUS GROWTH FUND
N-8A, 1995-07-31
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                                                                            N-8A

                       SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C.  20549

                                   FORM N-8A

                          NOTIFICATION OF REGISTRATION
                     FILED PURSUANT TO SECTION 8(a) OF THE
                         INVESTMENT COMPANY ACT OF 1940


                  The undersigned investment company hereby notifies the
             Securities and Exchange Commission that it registers under
             and pursuant to the provisions of Section 8(a) of the
             Investment Company Act of 1940 and in connection with such
             notification of registration submits the following
             information:                                                

             Name:  Kemper Value Plus Growth Fund

             Address of Principal Business Office: (No. & Street, City,
             State, Zip Code)

                            120 South LaSalle Street
                            Chicago, Illinois  60603

             Telephone Number (including area code):   (312) 781-1121

             Name and address of agent for service of process:

                    Philip J. Collora
                    Secretary
                    120 South LaSalle Street
                    Chicago, Illinois  60603

             Check Appropriate Box:

             Registrant is filing a Registration Statement pursuant to
             Section 8(b) of the Investment Company Act of 1940
             concurrently with the filing of Form N-8A:

                  YES   /x/     NO   / /
                         -            -



             ------------------------------------------------------------
                  Pursuant to the requirements of the Investment Company
             Act of 1940, the registrant has caused this notification of
             registration to be duly signed on its behalf in the City of
             Chicago and State of Illinois on the 31st day of July, 1995.

                                 Signature:  KEMPER VALUE PLUS GROWTH FUND



                                 By: /s/ Stephen B. Timbers              
                                     ------------------------------------
                                      Stephen B. Timbers, President

             Attest: /s/ Philip J. Collora        
                     -----------------------------
                     Philip J. Collora, Secretary


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