<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
This schedule contains summary financial information extracted from the Kemper
Growth Fund Semiannual Report for the six months ended 3/31/2000 and is
qualified in its entirety by reference to such financial statement.
</LEGEND>
<CIK> 0000095601
<NAME> KEMPER GROWTH FUND
<SERIES>
<NUMBER> 004
<NAME> KEMPER GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> SEP-30-2000
<PERIOD-START> OCT-01-1999
<PERIOD-END> MAR-31-2000
<INVESTMENTS-AT-COST> 2,237,617
<INVESTMENTS-AT-VALUE> 3,469,246
<RECEIVABLES> 21,627
<ASSETS-OTHER> 74
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3,490,948
<PAYABLE-FOR-SECURITIES> 11,803
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 6,398
<TOTAL-LIABILITIES> 18,201
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1,997,397
<SHARES-COMMON-STOCK> 1,243
<SHARES-COMMON-PRIOR> 1,177
<ACCUMULATED-NII-CURRENT> (10,179)
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 253,900
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1,231,629
<NET-ASSETS> 3,472,747
<DIVIDEND-INCOME> 6,265
<INTEREST-INCOME> 2,197
<OTHER-INCOME> 0
<EXPENSES-NET> 18,642
<NET-INVESTMENT-INCOME> (10,179)
<REALIZED-GAINS-CURRENT> 259,027
<APPREC-INCREASE-CURRENT> 752,580
<NET-CHANGE-FROM-OPS> 1,001,428
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (2,054)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2,649
<NUMBER-OF-SHARES-REDEEMED> (3,570)
<SHARES-REINVESTED> 2,054
<NET-CHANGE-IN-ASSETS> 894,503
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 282,344
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8,290
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 18,741
<AVERAGE-NET-ASSETS> 23,037
<PER-SHARE-NAV-BEGIN> 16.07
<PER-SHARE-NII> (0.01)
<PER-SHARE-GAIN-APPREC> 6.18
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (1.76)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 20.48
<EXPENSE-RATIO> .62
</TABLE>
