KEMPER EQUITY FUNDS/GROWTH STYLE
Kemper Value+Growth Fund
SUPPLEMENT TO PROSPECTUS
DATED FEBRUARY 1, 1999
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The following information replaces disclosure for the Kemper Value+Growth Fund
in the "Portfolio Management" section of the Prospectus on page 48:
Donald E. Hall is the Lead Portfolio Manager for the Kemper Value+Growth Fund.
Mr. Hall joined the fund in 1999 and Scudder Kemper in 1982. He began his
investment career in 1982. Prior to joining Scudder Kemper he received an M.B.A.
from Harvard Business School after working as a sales engineer for an
international aluminum products manufacturer.
William J. Wallace is a Portfolio Manager for Kemper Value+Growth Fund. Mr.
Wallace joined the fund in 1999 and Scudder Kemper in 1987. He began his
investment career in 1981. Prior to joining Scudder Kemper he performed product
management and client relations for a variety of trustee banks.
August 13, 1999
