-----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, Eavti2meE2LyuLz6HMf9UqfdNH2jaVMs/9sKaA9s0wIdQikgXr9kohSt7MZdP2zi dvoziI1EgkROvO1sHtYBeg== 0000814955-96-000006.txt : 19961030 0000814955-96-000006.hdr.sgml : 19961030 ACCESSION NUMBER: 0000814955-96-000006 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19960831 FILED AS OF DATE: 19961029 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: 1940 Act SEC FILE NUMBER: 811-05195 FILM NUMBER: 96649342 BUSINESS ADDRESS: STREET 1: 120 S LASALLE ST CITY: CHICAGO STATE: IL ZIP: 60603 BUSINESS PHONE: 3127811121 FORMER COMPANY: FORMER CONFORMED NAME: KEMPER GOVERNMENT INCOME TRUST DATE OF NAME CHANGE: 19870811 NSAR-B 1 N-SAR (3.0) PAGE 1 000 B000000 08/31/96 000 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 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 008 A000001 ZURICH KEMPER INVESTMENTS, INC. 008 B000001 A 008 C000001 801-6634 008 D010001 CHICAGO 008 D020001 IL 008 D030001 60606 008 D040001 5808 010 A000001 KEMPER DISTRIBUTORS, INC. 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INC. 022 B000005 13-3299429 022 C000005 46064 022 D000005 43648 022 A000006 GOLDMAN, SACHS & CO. 022 B000006 13-5108880 022 C000006 59988 022 D000006 18106 022 A000007 LEHMAN BROTHERS 022 B000007 13-2518466 022 C000007 42225 022 D000007 26356 022 A000008 UBS SECURITIES INC. 022 B000008 13-2932996 022 C000008 23594 022 D000008 41139 022 A000009 SALOMON BROTHERS INC. 022 B000009 13-3082694 022 C000009 29270 022 D000009 18852 022 A000010 MORGAN STANLEY & CO. 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DUFFY TITLE TREASURER 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 1996 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-31-1996 SEP-01-1995 AUG-31-1996 99,994 99,900 9,028 1,028 0 109,956 15,168 0 311 15,479 0 105,477 10,578 12,348 718 0 (11,624) 0 (94) 94,477 0 7,561 0 (1,364) 6,197 (20) (928) 5,249 (272) (5,802) 0 0 3,210 (8,043) 500 (35,280) 904 (11,598) 0 0 627 0 1,364 114,502 8.30 .45 (.09) (.44) 0 0 8.22 1.15 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 1996 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-31-1996 SEP-01-1995 AUG-31-1996 99,994 99,900 9,028 1,028 0 109,956 15,168 0 311 15,479 0 105,477 765 683 718 0 (11,624) 0 (94) 94,477 0 7,561 0 (1,364) 6,197 (20) (928) 5,249 (272) (258) 0 0 338 (182) 27 (35,280) 904 (11,598) 0 0 627 0 1,364 114,502 8.31 .40 (.09) (.39) 0 0 8.23 1.89 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 1996 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-31-1996 SEP-01-1995 AUG-31-1996 99,994 99,900 9,028 1,028 0 109,956 15,168 0 311 15,479 0 105,477 144 196 718 0 (11,624) 0 (94) 94,477 0 7,561 0 (1,364) 6,197 (20) (928) 5,249 (272) (57) 0 0 126 (122) 6 (35,280) 904 (11,598) 0 0 627 0 1,364 114,502 8.32 .40 (.09) (.39) 0 0 8.24 1.89 0 0

EX-99.ICLETTER 5 SUPPLEMENTARY 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 year ended as of the date listed in Exhibit A attached hereto ("Report Date"), we considered their internal control structure, including procedures for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on their financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control structure. The management of the Funds is responsible for establishing and maintaining an internal control structure. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of internal control structure policies and procedures. Two of the objectives of an internal control structure are to provide management with reasonable, but not absolute, assurance that assets are safeguarded against loss from unauthorized use or disposition and that transactions are executed in accordance with management's authorization and recorded properly to permit preparation of financial statements in conformity with generally accepted accounting principles. Because of inherent limitations in any internal control structure, errors or irregularities may occur and not be detected. Also, projection of any evaluation of the structure 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 the internal control structure would not necessarily disclose all matters in the internal control structure 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 the specific internal control structure elements does not reduce to a relatively low level the risk that errors or irregularities 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 the internal control structure, including procedures 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 management and the Securities and Exchange Commission. ERNST & YOUNG LLP Chicago, Illinois August 29, 1996 Kemper Funds Exhibit A August 31, 1996 Kemper State Tax-Free Income Series Kemper California Tax-Free Income Fund Kemper Michigan Tax-Free Income Fund Kemper Ohio Tax-Free Income Fund Kemper Texas Tax-Free Income Fund Kemper Florida Tax-Free Income Fund Kemper New Jersey Tax-Free Income Fund Kemper New York Tax-Free Income Fund Kemper Pennsylvania Tax-Free Income Fund Kemper Adjustable Rate U.S. Government Fund ~~-----END PRIVACY-ENHANCED MESSAGE-----~~