0000820027-05-000026.txt : 20120629
0000820027-05-000026.hdr.sgml : 20120629
20050125103052
ACCESSION NUMBER: 0000820027-05-000026
CONFORMED SUBMISSION TYPE: 40-17F2
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050125
DATE AS OF CHANGE: 20050125
EFFECTIVENESS DATE: 20050125
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: AXP VARIABLE PORTFOLIO INVESTMENT SERIES INC
CENTRAL INDEX KEY: 0000353968
IRS NUMBER: 411409539
STATE OF INCORPORATION: MN
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 40-17F2
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-03218
FILM NUMBER: 05546119
BUSINESS ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: 50606 AXP FINANCIAL CENTER
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
BUSINESS PHONE: 6126718626
MAIL ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: 50606 AXP FINANCIAL CENTER
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE INVESTMENT SERIES INC
DATE OF NAME CHANGE: 19981102
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE CAPITAL RESOURCE FUND INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE CAPITAL RESOURCE FUND II INC
DATE OF NAME CHANGE: 19851104
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AXP VARIABLE PORTFOLIO INVESTMENT SERIES INC
CENTRAL INDEX KEY: 0000353968
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 411409539
STATE OF INCORPORATION: MN
FISCAL YEAR END: 0831
FILING VALUES:
FORM TYPE: 40-17F2
BUSINESS ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: 50606 AXP FINANCIAL CENTER
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
BUSINESS PHONE: 6126718626
MAIL ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: 50606 AXP FINANCIAL CENTER
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE INVESTMENT SERIES INC
DATE OF NAME CHANGE: 19981102
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE CAPITAL RESOURCE FUND INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: IDS LIFE CAPITAL RESOURCE FUND II INC
DATE OF NAME CHANGE: 19851104
40-17F2
1
vpinvest17f2.txt
AXP VARIABLE PORTFOLIO - INVESTMENT SERIES, INC.
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
1. Investment Company Act File Number: Date examination completed:
811-3218 January 21, 2005
2. State identification Number:
AL AK AZ AR CA CO
CT DE DC FL GA HI
ID IL IN IA KS KY
LA ME MD MA MI MN
MS MO MT NE NV NH
NJ NM NY NC ND OH
OK OR PA RI SC SD
TN TX UT VT VA WA
WV WI WY PUERTO RICO
Other (specify):
3. Exact name of investment company as specified in registration statement:
AXP Variable Portfolio - Investment Series, Inc.
4. Address of principal executive office (number,street,city,state,zip code):
200 AXP Financial Center, Minneapolis, MN 55474
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Report of Independent Registered Public Accounting Firm
To the Board of Directors of
AXP Variable Portfolio - Investment Series, Inc.:
We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the Investment Company
Act of 1940, that AXP Variable Portfolio - Large Cap Equity Fund, AXP Variable
Portfolio - Growth Fund, AXP(R) Variable Portfolio - Threadneedle International
Fund, AXP Variable Portfolio - New Dimensions Fund, AXP Variable Portfolio -
Small Cap Advantage Fund, AXP Variable Portfolio - Strategy Aggressive Fund, AXP
Variable Portfolio - Equity Select Fund, AXP(R) Variable Portfolio -
Threadneedle Emerging Markets Fund, AXP Variable Portfolio - S&P 500 Index Fund,
and AXP Variable Portfolio - Large Cap Value Fund of AXP Variable Portfolio -
Investment Series, Inc. (the Funds) complied with the provisions of subsection
(b) and (c) of Rule 17f-2 under the Investment Company Act of 1940 as of October
31, 2004 and during the period from August 31, 2004 (the date of our last
examination) through October 31, 2004. Management is responsible for the Funds'
compliance with those provisions. Our responsibility is to express an opinion on
management's assertion about the Funds' compliance based on our examination.
Our examination was made in accordance with standards established by the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Funds' compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Included among our procedures were the following tests
performed as of October 31, 2004 and during the period from August 31, 2004
through October 31, 2004, with respect to securities transactions:
o Count and inspection of all securities located in the vault, if any, of
American Express Trust Company, the Custodian, without prior notice to
management;
o Confirmation of all securities, if any, held by institutions in book entry
form (Wells Fargo Bank Minnesota, N.A., The Bank of New York, and The
Depository Trust Company);
o Confirmation or examination of underlying documentation of all securities
purchased but not received, hypothecated, pledged, placed in escrow, or out
for transfer with brokers, pledges and/or transfer agents;
o Reconciliation of all such securities to the books and records of the Funds
and the Custodian; and
o Test of selected security transactions since the date of our last report.
We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Funds' compliance with
the specified requirements.
In our opinion, management's assertion that the Funds were in compliance with
the above mentioned provisions of Rule 17f-2 of the Investment Company Act of
1940 as of October 31, 2004 and during the period from August 31, 2004 through
October 31, 2004 is fairly stated in all material respects.
This report is intended solely for the information and use of management of the
Funds and the Securities and Exchange Commission and should not be used for any
other purpose and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ KPMG LLP
--------------
KPMG LLP
Minneapolis, MN
January 21, 2005
Management Statement Regarding Compliance With Certain
Provisions of the Investment Company Act of 1940
We, as members of management of AXP Variable Portfolio - Large Cap Equity
Fund, AXP Variable Portfolio - Growth Fund, AXP(R) Variable Portfolio -
Threadneedle International Fund, AXP Variable Portfolio - New Dimensions
Fund, AXP Variable Portfolio - Small Cap Advantage Fund, AXP Variable
Portfolio - Strategy Aggressive Fund, AXP Variable Portfolio - Equity
Select Fund, AXP(R) Variable Portfolio - Threadneedle Emerging Markets
Fund, AXP Variable Portfolio - S&P 500 Index Fund, and AXP Variable
Portfolio - Large Cap Value Fund of AXP Variable Portfolio - Investment
Series, Inc. (the Funds) are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17f-2, Custody of
Investments by Registered Management Investment Companies, of the
Investment Company Act of 1940. We are also responsible for establishing
and maintaining effective internal controls over compliance with those
requirements. We have performed an evaluation of the Funds' compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 as of October 31,
2004 and during the period from August 31, 2004 (the date of our last
examination) through October 31, 2004.
Based on this evaluation, we assert that the Funds were in compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of October 31, 2004 and during the period from
August 31, 2004 through October 31, 2004, with respect to securities
reflected in the investment account of the Funds.
AMERICAN EXPRESS FINANCIAL CORPORATION
By: /s/ Jeffrey P. Fox
--------------------
Jeffrey P. Fox, Vice President-Investment Accounting