CONSENT OF INDEPENDENT AUDITORS

We consent to the  incorporation  by reference of our reports dated December 15,
2000 for Kemper Total Return Fund and September 15, 2000 for Kemper Horizon Fund
in the Registration Statement (Form N-14) and related Proxy Statement/Prospectus
of Kemper Total Return Fund filed with the Securities and Exchange Commission in
this  Pre-Effective  Amendment  No. 1 to the  Registration  Statement  under the
Securities Act of 1933 (File No. 333-51378).

                                                     ERNST & YOUNG LLP

Chicago, Illinois
January 4, 2001



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