ARTICLES OF AMENDMENT


                                       OF


                           IDS Bond Fund, Inc.


         Pursuant to Section 302A.135 of the Minnesota Business Corporation Act,
IDS Bond Fund,  Inc.,  incorporated  under the laws of the State of Minnesota on
April 8, 1986,  amends its Articles of  Incorporation  to change the name of the
corporation to AXP Bond Fund, Inc. The new Article I shall be:

                                ARTICLE I - NAME

     The name of this corporation (hereinafter called the "Fund") is:

                           AXP Bond Fund, Inc.

         The resolution to amend the Articles of Incorporation was approved by
 the affirmative vote of a majority of the shares present and entitled to vote
 at a regular meeting of shareholders on June 16, 1999, held pursuant to a
 written notice given to each shareholder in the manner provided in Section
 302A.435.


 Dated this 16th day of June, 1999.

                                        AXP Bond Fund, Inc.



                                        By /s/ Leslie L. Ogg
                                           -----------------
                                               Leslie L. Ogg
                                               Vice President and Secretary

STATE OF MINNESOTA)
                  )ss.
 COUNTY OF DAKOTA)


The foregoing instrument was acknowledge before me this 16th day of June, 1999.


                                        By /s/ Diane R. Kepp
                                          ------------------
                                               Diane R. Kepp
                                               Notary Public

(notary symbol)
(Diane R. Kepp)
(NOTARY PUBLIC-MINNESOTA)
(DAKOTA COUNTY)                                                  (rubber stamp)
                                                                (JUN 17, 1999)
                                                                (Mary Kiffmeyer)
                                                            (Secretary of State)