-----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, VylwTA0InBti1hijiLBRrljt7RAhOx/eqXrEjKNn0+zgdR7xKmevQI2zhrsxTtxV Q4K5EZAnjTUSb8u97UGtFw== 0000088053-99-000372.txt : 19990326 0000088053-99-000372.hdr.sgml : 19990326 ACCESSION NUMBER: 0000088053-99-000372 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990325 FILER: COMPANY DATA: COMPANY CONFORMED NAME: KEMPER BLUE CHIP FUND CENTRAL INDEX KEY: 0000823342 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 363542349 STATE OF INCORPORATION: MA FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-17777 FILM NUMBER: 99572621 BUSINESS ADDRESS: STREET 1: 222 SOUTH 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 497 1 SUPPLEMENT TO PROSPECTUSES KEMPER EQUITY KEMPER EQUITY FUNDS/VALUE STYLE FUNDS/GROWTH STYLE Kemper Contrarian Fund Kemper Aggressive Growth Fund Kemper-Dreman Financial Services Fund Kemper Blue Chip Fund Kemper-Dreman High Return Equity Fund Kemper Classic Growth Fund Kemper Small Cap Relative Value Fund Kemper Growth Fund Kemper Small Cap Value Fund Kemper Small Capitalization Kemper U.S. Growth and Income Fund Equity Fund Kemper Value Fund Kemper Technology Fund SUPPLEMENT TO PROSPECTUS Kemper Total Return Fund DATED FEBRUARY 1, 1999 Kemper Value+Growth Fund ------------------ SUPPLEMENT TO PROSPECTUS DATED FEBRUARY 1, 1999 KEMPER ASSET ALLOCATION ------------------ FUNDS KEMPER TARGET EQUITY Kemper Horizon 20+ Portfolio FUNDS Kemper Horizon 10+ Portfolio Kemper Horizon 5 Portfolio Kemper Retirement Fund Series VII SUPPLEMENT TO PROSPECTUS SUPPLEMENT TO PROSPECTUS DATED NOVEMBER 30, 1998 DATED NOVEMBER 30, 1998 ------------------ ------------------ The following disclosure supplements the disclosure in the "Special Features -- Exchange Privilege" section of the prospectus for all funds: Effective June 1, 1999, in addition to the current limits on exchanges of shares with a value over $1,000,000, shares of a Kemper Fund with a value of $1,000,000 or less (except Kemper Cash Reserves Fund) acquired by exchange from another Kemper Fund, or from a Money Market Fund, may not be exchanged thereafter until they have been owned for 15 days if, in the investment manager's judgement, the exchange activity may have an adverse effect on the fund. In particular, a pattern of exchanges that coincides with a "market timing" strategy may be disruptive to the Fund and therefore may be subject to the 15-Day Hold Policy. For Kemper Horizon 20+ Portfolio, Kemper Horizon 10+ Portfolio, Kemper Horizon 5 Portfolio, and Kemper Retirement Fund Series VII, the following disclosure supplements the disclosure in the currently effective prospectus: On September 7, 1998, Zurich Insurance Company ("Zurich"), the majority owner of Scudder Kemper Investments, Inc. (the "Adviser"), entered into an agreement with B.A.T Industries p.l.c. ("B.A.T"), pursuant to which the financial services businesses of B.A.T were combined with Zurich's businesses to form a new global insurance and financial services company known as Zurich Financial Services. Upon consummation of the transaction, each March 29, 1999 Fund's investment management agreement with the Adviser was deemed to have been assigned and, therefore, terminated. The Board of Trustees of each Fund and the shareholders of each Fund have approved a new investment management agreement with the Adviser, which is substantially identical to the former investment management agreement, except for the dates of execution and termination. At special meetings of the shareholders of each Fund held on December 17, 1998 (the "Special Meetings"), the shareholders confirmed the following: as a matter of fundamental policy, each Fund is classified as a diversified open-end investment company, or as a diversified series of an open-end investment company, under the Investment Company Act of 1940 (the "1940 Act"), but the shareholders voted to eliminate any additional fundamental diversification policies. Additionally, at each Fund's Special Meeting, the shareholders approved the reclassification of each Fund's investment objective(s) and policies as non-fundamental, with the exception of those policies required to be fundamental by the 1940 Act. An objective or policy which is non-fundamental may be changed or eliminated by a Fund's Board of Trustees without a vote of the shareholders. For Kemper Value Fund, the following disclosure replaces the example in the "Fee and expense information" section on page 34 of the prospectus: Example This example is to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. This example illustrates the impact of the above fees and expenses on an account with an initial investment of $10,000, based on the expenses shown above. It assumes a 5% annual return, the reinvestment of all dividends and distributions and "annual fund operating expenses" remaining the same each year. The example is hypothetical: actual fund expenses and returns vary from year to year, and may be higher or lower than those shown. The example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges were included, your costs would be higher. Fees and expenses if you sold shares after: Class A Class B Class C ------- ------- ------- 1 Year $704 $615 $314 3 Years $975 $964 $661 5 Years $1,267 $1,339 $1,134 10 Years $2,095 $2,070 $2,441 Fees and expenses if you did not sell your shares: Class A Class B Class C ------- ------- ------- 1 Year $704 $215 $214 3 Years $975 $664 $661 5 Years $1,267 $1,139 $1,134 10 Years $2,095 $2,070 $2,441 -----END PRIVACY-ENHANCED MESSAGE-----