497 1 sp052901.txt SUPPLEMENT TO PROSPECTUS SCUDDER INVESTMENTS Kemper Equity Funds/Value Style Kemper Contrarian Fund Kemper-Dreman High Return Equity Fund Kemper Small Cap Value Fund Supplement to Prospectus Dated February 1, 2001 Kemper Income Funds Kemper High Yield Fund Kemper High Yield Fund II Kemper Strategic Income Fund Kemper U.S. Government Securities Fund Kemper U.S. Mortgage Fund Supplement to Prospectus Dated January 1, 2001 Kemper Global/International Funds Kemper Asian Growth Fund Global Discovery Fund Kemper International Research Fund Kemper New Europe Fund Supplement to Prospectus Dated March 1, 2001 -------------------------------------------------------------------------------- Effective May 29, 2001, shares of Kemper High Yield Fund II, Kemper U.S. Mortgage Fund and Kemper Asian Growth Fund are no longer available for purchase. In addition, effective May 29, 2001, shares of Kemper Contrarian Fund, Kemper-Dreman High Return Equity Fund, Kemper Small Cap Value Fund, Kemper High Yield Fund, Kemper Strategic Income Fund, Kemper U.S. Government Securities Fund, Global Discovery Fund, Kemper International Research Fund and Kemper New Europe Fund are no longer available for purchase through their above-listed prospectuses. For a copy of each such fund's current prospectus, please call 1-800-621-1048. May 29, 2001