-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Da8sPZuBlI7dST18Vspz5wEZC17sY87Hz4v6pqnF5Q1iOrEOtJo8IxBkc3kDP/jq 7et4UwmreWHiVaIr+nPziw== 0000088053-98-001049.txt : 19981030 0000088053-98-001049.hdr.sgml : 19981030 ACCESSION NUMBER: 0000088053-98-001049 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19980831 FILED AS OF DATE: 19981029 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER ADJUSTABLE RATE U S GOVERNMENT FUND CENTRAL INDEX KEY: 0000814955 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363528556 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-05195 FILM NUMBER: 98733138 BUSINESS ADDRESS: STREET 1: 222 S RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3125371569 MAIL ADDRESS: STREET 1: 222 SOUTH RIVERSIDE PLAZA CITY: CHICAGO STATE: IL ZIP: 60606 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER GOVERNMENT INCOME TRUST DATE OF NAME CHANGE: 19870811 NSAR-B 1 N-SAR (3.0.A) 000 B000000 08/31/98 000 C000000 0000814955 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0 000 J000000 A 001 A000000 KEMPER ADJUSTABLE RATE U.S. GOVERNMENT FUND 001 B000000 811-5195 001 C000000 3125377000 002 A000000 222 SOUTH RIVERSIDE PLAZA 002 B000000 CHICAGO 002 C000000 IL 002 D010000 60606 002 D020000 5808 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 N 007 B000000 0 007 C010100 1 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 008 A000001 SCUDDER KEMPER INVESTMENTS, INC. 008 B000001 A 008 C000001 801-44899 008 D010001 NEW YORK 008 D020001 NY 008 D030001 10154 008 D040001 0100 010 A000001 KEMPER DISTRIBUTORS, INC. 010 B000001 8-47765 010 C010001 CHICAGO 010 C020001 IL 010 C030001 60606 010 C040001 5808 011 A000001 KEMPER DISTRIBUTORS, INC. 011 B000001 8-47765 011 C010001 CHICAGO 011 C020001 IL 011 C030001 60606 PAGE 2 011 C040001 5808 012 A000001 KEMPER SERVICE COMPANY 012 B000001 84-1713 012 C010001 KANSAS CITY 012 C020001 MO 012 C030001 64141 013 A000001 ERNST & YOUNG LLP 013 B010001 CHICAGO 013 B020001 IL 013 B030001 60606 014 A000001 KEMPER DISTRIBUTORS, INC. 014 B000001 8-47765 014 A000002 GRUNTAL & CO., INC. 014 B000002 8-31022 014 A000003 THE GMS GROUP, L.L.C. (A GRUNTAL AFFILIATE) 014 B000003 8-23936 014 A000004 SCUDDER INVESTORS SERVICES, INC. 014 B000004 8-298 014 A000005 ZURICH CAPITAL MARKETS 014 B000005 8-49827 014 A000006 BANK HANDLOWY 014 B000006 8-24613 015 A000001 INVESTORS FIDUCIARY TRUST COMPANY 015 B000001 C 015 C010001 KANSAS CITY 015 C020001 MO 015 C030001 64105 015 E010001 X 015 A000002 STATE STREET BANK AND TRUST COMPANY 015 B000002 S 015 C010002 BOSTON 015 C020002 MA 015 C030002 02110 015 E010002 X 018 000000 Y 019 A000000 Y 019 B000000 71 019 C000000 KEMPERFNDS 020 A000001 DEUTSCHE BANK SECURITIES CORPORATION 020 B000001 13-2730828 020 C000001 2 020 A000002 LIT CLEARING SERVICES, INC. 020 B000002 36-3890396 020 C000002 1 020 A000003 ABN AMRO HOLDING 020 B000003 13-3227945 020 C000003 1 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 PAGE 3 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 4 022 A000001 LEHMAN BROTHERS INC. 022 B000001 13-2518466 022 C000001 240208 022 D000001 217171 022 A000002 MERRILL LYNCH, 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C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 Y 078 000000 N 080 A000000 ICI MUTUAL INSURANCE COMPANY 080 C000000 6000 081 A000000 Y 081 B000000 111 082 A000000 N 082 B000000 0 083 A000000 N 083 B000000 0 084 A000000 N 084 B000000 0 085 A000000 Y 085 B000000 N SIGNATURE PHILIP J. COLLORA TITLE V.P. AND SECRETARY EX-27.CLASSA 2
6 PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1998 ANNUAL REPORT TO SHAREHOLDERS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0000814955 KEMPER ADJUSTABLE RATE U.S. GOVERNMENT FUND 001 CLASS A 1,000 12-MOS AUG-31-1998 SEP-01-1997 AUG-31-1998 67,451 67,109 2,153 412 0 69,674 0 0 367 367 0 79,561 7,431 8,849 0 0 (9,912) 0 (342) 69,307 0 4,646 0 (1,082) 3,564 (218) (589) 2,757 0 (3,394) 0 0 2,020 (3,734) 296 (12,660) 657 (10,640) 0 0 415 0 1082 75,428 8.31 .41 (.11) (.42) 0 0 8.19 1.36 0 0

EX-27.CLASSB 3
6 PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1998 ANNUAL REPORT TO SHAREHOLDERS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0000814955 KEMPER ADJUSTABLE RATE U.S. GOVERNMENT FUND 002 CLASS B 1,000 12-MOS AUG-31-1998 SEP-01-1997 AUG-31-1998 67,451 67,109 2,153 412 0 69,674 0 0 367 367 0 79,561 865 890 0 0 (9,912) 0 (342) 69,307 0 4,646 0 (1,082) 3,564 (218) (589) 2,757 0 (307) 0 0 540 (597) 32 (12,660) 657 (10,640) 0 0 415 0 1082 75,428 8.32 .36 (.11) (.36) 0 0 8.21 1.99 0 0

EX-27.CLASSC 4
6 PER SHARE AND RATIO INFORMATION IS SHOWN AT THE CLASS LEVEL. ALL OTHER INFORMATION IS COMBINED FOR ALL CLASSES. THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE 1998 ANNUAL REPORT TO SHAREHOLDERS AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS. 0000814955 KEMPER ADJUSTABLE RATE U.S. GOVERNMENT FUND 003 CLASS C 1,000 12-MOS AUG-31-1998 SEP-01-1997 AUG-31-1998 67,451 67,109 2,153 412 0 69,674 0 0 367 367 0 79,561 163 127 0 0 (9,912) 0 (342) 69,307 0 4,646 0 (1,082) 3,564 (218) (589) 2,757 0 (58) 0 0 172 (143) 7 (12,660) 657 (10,640) 0 0 415 0 1,082 75,428 8.33 .36 (.11) (.36) 0 0 8.22 1.95 0 0

EX-99 5 REPORT OF INDEPENDENT AUDITORS Board of Trustees Kemper Funds In planning and performing our audit of the financial statements of each of the Kemper Funds listed in Exhibit A attached hereto (the "Funds") for the period ended as of the date listed in Exhibit A attached hereto ("Report Date"), we considered their internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of the Funds is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of specific internal control components does not reduce to a relatively low level the risk that errors or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above as of Report Date. This report is intended solely for the information and use of the board of trustees and management and the Securities and Exchange Commission. ERNST & YOUNG LLP Chicago, Illinois October 16, 1998 Kemper Funds Exhibit A August 31, 1998 Kemper State Tax-Free Income Series - Kemper California Tax-Free Income Fund Kemper New York Tax-Free Income Fund Kemper Florida Tax-Free Income Fund Kemper Texas Tax-Free Income Fund Kemper Ohio Tax-Free Income Fund Kemper Michigan Tax-Free Income Fund Kemper New Jersey Tax-Free Income Fund Kemper Pennsylvania Tax-Free Income Fund Kemper Adjustable Rate US Government Fund ~~-----END PRIVACY-ENHANCED MESSAGE-----~~