KEMPER INTERNATIONAL FUND
                         SUPPLEMENT TO THE STATEMENT OF
                          ADDITIONAL INFORMATION DATED
                                  MARCH 1, 2000
                           --------------------------


Performance  figures for Class B and C shares of the Fund for the period May 31,
1994 to October 31,  1999  reflect the actual  performance  of these  classes of
shares.  Returns for Class B and C shares for the period May 21, 1981 to May 31,
1994 are derived from the historical performance of Class A shares,  adjusted to
reflect the operating expenses applicable to Class B and C shares,  which may be
higher or lower than those of Class A shares.  The performance  figures are also
adjusted to reflect the maximum sales charge of 5.75% for Class A shares and the
maximum current contingent deferred sales charge of 4% for Class B shares and 1%
for Class C shares.

The returns in the chart below assume reinvestment of distributions at net asset
value  and  represent  both  actual  past   performance   figures  and  adjusted
performance  figures of the Class A shares of the Fund as described above;  they
do not guarantee  future  results.  Investment  return and principal  value will
fluctuate so that an investor's shares, when redeemed, may be worth more or less
than their original cost.

KEMPER INTERNATIONAL FUND -- AS OF OCTOBER 31, 1999*

AVERAGE ANNUAL             Class A          Class B             Class C
TOTAL RETURNS              Shares            Shares              Shares
- -------------              ------            ------              ------

Life of Class(+)           12.11%            9.50%               9.65%
Ten Years                   8.70%            8.34%               8.41%
Five Years                  9.12%            9.31%               9.47%
One Year                   16.35%            19.50%              22.49%

(+) Since May 21,  1981 for Class A shares.  Since May 31,  1994 for Class B and
Class C shares.

* Because Class B and C shares were not introduced until May 31, 1994, the total
return for Class B and C shares for the period  prior to their  introduction  is
based upon the performance of Class A shares from the commencement of investment
operations, May 21, 1981 through May 31, 1994. Actual performance of Class B and
C shares is shown beginning May 31, 1994.















September 29, 2000