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KEMPER TECHNOLOGY FUND
SUPPLEMENT TO PROSPECTUS
DATED DECEMBER 31, 1996
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INVESTMENT MANAGER AND UNDERWRITER
Kemper Technology Fund (the "Fund") is managed on an interim basis by a
team of co-managers. The Fund is co-managed by Tracy McCormick Chester, Gary A.
Langbaum, Steven H. Reynolds and Richard A. Goers. Mr. Reynolds joined Scudder
Kemper Investments, Inc. ("Scudder Kemper"), the investment manager of the Fund,
in September 1995 and is currently executive vice president for Scudder Kemper.
From 1991 to September 1995, he was a senior vice president and equity portfolio
manager of an investment advisory firm. Mr. Reynolds received a B.A. degree from
Johns Hopkins University, Baltimore, Maryland and an M.B.A. in finance from the
University of Virginia, Charlottesville, Virginia. Mr. Goers joined Scudder
Kemper in 1968 and is a senior vice president. Mr. Goers received a B.S. degree
from Iowa State University, Ames, Iowa and an M.B.A. from Northwestern
University, Chicago, Illinois. Information regarding Ms. Chester and Mr.
Langbaum is located in the Fund's prospectus under "Investment Manager and
Underwriter."
January 8, 1998
KTF-IB (LOGO)PRINTED ON RECYCLED PAPER
