N-Q 1 moneymkt-nq.txt AXP MONEY MARKET SERIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-2591 ------------ AXP MONEY MARKET SERIES, INC. -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 AXP Financial Center, Minneapolis, Minnesota 55474 -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 330-9283 ----------------- Date of fiscal year end: 7/31 -------------- Date of reporting period: 4/30 -------------- PORTFOLIO HOLDINGS FOR AXP(R) CASH MANAGEMENT FUND AT APRIL 30, 2005 Investments in Securities AXP Cash Management Fund April 30, 2005 (Unaudited) (Percentages represent value of investments compared to net assets) Certificates of deposit (9.0%) Issuer Effective Principal Value(a) yield amount AmSouth Bank 05-06-05 2.80% $33,000,000(c) $32,999,890 Bank of the West 07-07-05 3.06 30,400,000 30,400,000 07-08-05 3.05 30,000,000 30,000,000 07-14-05 3.08 26,900,000 26,900,000 Barclays Bank 06-30-05 3.02 33,700,000 33,700,000 Canadian Imperial Bank of Commerce Yankee 05-31-05 3.00 42,000,000(c) 41,999,030 Citibank 06-07-05 2.88 32,500,000 32,500,000 Credit Suisse First Boston NY 02-14-06 2.76 60,000,000(c) 60,000,000 DEPFA Bank 05-27-05 2.85 23,000,000 23,000,000 Total certificates of deposit (Cost: $311,498,920) $311,498,920 Commercial paper (90.5%) Issuer Effective Principal Value(a) yield amount Asset-backed (48.7%) Alpine Securitization 05-11-05 2.64% $25,000,000 $24,978,000 05-25-05 2.71 26,800,000 26,747,703 Amstel Funding 05-23-05 2.67 22,300,000 22,260,393 06-07-05 2.80 22,800,000 22,730,929 CAFCO LLC 05-20-05 2.77 25,000,000 24,959,722 05-26-05 2.71 26,000,000 25,947,234 06-08-05 2.81 30,000,000 29,906,725 06-17-05 2.93 23,000,000 22,908,613 Commercial paper (continued) Issuer Effective Principal Value(a) yield amount Asset-backed (cont.) CC (USA)/Centari 05-10-05 2.46% $19,000,000 $18,985,750 05-23-05 2.65 20,000,000 19,964,733 05-24-05 2.67 9,000,000 8,983,320 07-11-05 3.03 46,400,000 46,116,960 07-22-05 3.09 26,000,000 25,814,172 CHARTA LLC 05-05-05 2.23 23,300,000 23,291,327 05-19-05 2.78 20,800,000 20,767,945 06-06-05 2.93 26,000,000 25,919,833 07-06-05 3.01 20,500,000 20,384,016 07-07-05 3.00 26,500,000 26,348,332 CIESCO LLC 05-04-05 2.17 34,100,000 34,089,732 CRC Funding LLC 05-19-05 2.76 18,300,000 18,271,991 Dorado Finance 05-19-05 2.63 19,200,000 19,172,032 05-24-05 2.74 24,000,000 23,954,400 06-13-05 2.87 17,500,000 17,437,544 07-13-05 3.03 22,000,000 21,862,072 07-15-05 3.03 10,000,000 9,935,611 Edison Asset Securitization 05-17-05 2.58 38,200,000 38,150,840 05-18-05 2.60 30,000,000 29,958,900 05-26-05 2.70 19,000,000 18,961,578 06-09-05 2.82 33,000,000 32,894,400 FCAR Owner Trust I 06-07-05 2.80 25,000,000 24,924,528 06-15-05 2.91 23,800,000 23,709,983 07-05-05 2.99 37,600,000 37,391,821 Galaxy Funding 05-05-05 2.27 7,400,000 7,397,204 05-12-05 2.51 19,000,000 18,982,773 06-16-05 2.91 30,000,000 29,884,067 Grampian Funding LLC 06-17-05 2.91 35,000,000 34,861,867 Commercial paper (continued) Issuer Effective Principal Value(a) yield amount Asset-backed (cont.) Greyhawk Funding LLC 06-13-05 2.90% $22,000,000 $21,920,409 07-06-05 2.99 35,000,000 34,803,281 Harrier Finance Funding (US) LLC 05-02-05 1.79 14,800,000 14,797,796 05-09-05 2.44 17,800,000 17,787,941 06-01-05 2.78 17,000,000 16,956,782 06-28-05 2.97 10,800,000 10,746,723 07-20-05 3.07 25,500,000 25,322,768 Jupiter Securitization 05-12-05 2.77 6,103,000 6,096,897 06-02-05 2.94 25,000,000 24,930,792 K2 (USA) LLC 05-10-05 2.45 28,500,000 28,478,704 06-02-05 2.78 18,500,000 18,451,499 06-06-05 2.79 25,000,000 24,926,514 06-20-05 2.94 30,000,000 29,873,350 07-11-05 3.02 16,000,000 15,902,720 Old Line Funding 06-01-05 2.92 17,300,000 17,253,867 06-02-05 2.92 4,700,000 4,687,075 Preferred Receivables Funding 06-20-05 2.93 30,000,000 29,873,775 Ranger Funding LLC 05-16-05 2.74 18,000,000 17,976,720 Scaldis Capital LLC 05-17-05 2.61 23,242,000 23,211,708 05-31-05 2.76 25,000,000 24,938,861 06-15-05 2.89 30,000,000 29,887,300 Sheffield Receivables 05-26-05 2.90 12,700,000 12,672,392 07-13-05 3.04 3,040,000 3,020,878 Sigma Finance 06-03-05 2.79 22,600,000 22,538,955 06-09-05 2.84 17,000,000 16,945,222 06-10-05 2.91 85,000,000(c) 85,007,719 See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 1 -- AXP CASH MANAGEMENT FUND -- PORTFOLIO HOLDINGS AT APRIL 30, 2005 Commercial paper (continued) Issuer Effective Principal Value(a) yield amount Asset-backed (cont.) Thunder Bay Funding LLC 05-20-05 2.66% $33,281,000 $33,229,475 06-06-05 2.87 32,654,000 32,555,497 06-14-05 2.88 30,000,000 29,890,125 06-21-05 2.93 30,000,000 29,871,300 Variable Funding Capital 05-13-05 2.53 34,900,000 34,865,720 White Pine Finance LLC 07-11-05 3.02 5,300,000 5,267,776 07-18-05 3.04 11,123,000 11,048,309 02-10-06 2.87 32,000,000(c) 31,994,985 03-15-06 2.91 28,000,000(c) 27,993,541 Total 1,694,584,426 Banks and savings & loans (20.9%) Barclays U.S. Funding 05-11-05 2.48 36,500,000 36,469,888 05-18-05 2.62 19,700,000 19,672,814 BNP Paribas North America 05-02-05 1.99 30,000,000 29,995,033 Credit Suisse First Boston NY 06-01-05 2.75 23,400,000 23,341,136 DekaBank Deutsche Girozentrale 05-19-06 3.19 24,000,000(c) 24,000,000 DEPFA Bank 07-12-05 3.02 27,000,000 26,833,286 03-15-06 2.47 50,000,000(b,c) 50,000,000 Dexia Delaware LLC 05-23-05 2.68 34,000,000 33,939,395 Fortis Bank NY 06-03-05 2.77 27,300,000 27,226,775 HBOS Treasury Services 05-04-05 2.14 14,900,000 14,895,563 05-24-05 2.68 29,400,000 29,345,316 Northern Rock 06-22-05 2.94 30,000,000 29,868,383 04-03-06 2.88 15,000,000(c) 15,000,000 04-07-06 3.00 59,300,000(c) 59,300,000 Commercial paper (continued) Issuer Effective Principal Value(a) yield amount Banks and savings & loans (cont.) Skandinaviska Enskilda Banken 05-03-05 2.01% $32,200,000 $32,192,809 05-09-05 2.42 24,100,000 24,083,823 01-17-06 2.94 20,000,000(c) 20,000,000 Societe Generale North America 05-12-05 2.49 24,600,000 24,577,860 Spintab 07-01-05 3.00 20,300,000 20,194,068 Swedbank 05-27-05 2.72 23,800,000 23,749,842 07-01-05 2.98 20,000,000 19,896,322 UBS Finance (Delaware) LLC 06-06-05 2.84 12,500,000 12,462,615 Westdeutsche Landesbank Girozentrale 06-02-05 2.76 23,000,000 22,940,123 06-23-05 2.95 23,000,000 22,896,845 05-10-06 2.92 25,000,000(c) 25,000,000 Westpac Banking 04-11-06 2.99 59,300,000(c) 59,300,000 Total 727,181,896 Broker dealers (10.5%) Bear Stearns Companies 05-13-05 2.53 26,000,000 25,974,462 06-14-05 2.94 25,000,000 24,906,562 06-22-05 2.96 30,000,000 29,867,500 06-24-05 2.97 21,700,000 21,600,210 05-28-06 2.86 30,000,000(c) 30,000,000 Goldman Sachs Group 05-15-06 2.94 25,000,000(c) 25,000,000 Lehman Brothers Holdings 05-16-05 2.95 42,500,000(c) 42,500,000 04-22-06 3.07 42,000,000(c) 42,000,000 Morgan Stanley & Co 05-25-05 2.84 25,000,000 24,948,785 06-21-05 2.96 25,000,000 24,891,667 07-08-05 3.01 24,000,000 23,860,160 07-12-05 3.04 25,000,000 24,844,875 07-18-05 3.06 25,000,000 24,831,028 Total 365,225,249 Commercial paper (continued) Issuer Effective Principal Value(a) yield amount Financial services (7.9%) American Honda Finance 05-05-05 2.27% $32,400,000 $32,387,760 05-06-05 2.72 55,000,000(b,c) 55,000,000 Barclays U.S. Funding 05-27-05 2.90 15,000,000 14,966,194 General Electric Capital 06-08-05 2.84 30,000,000 29,905,750 06-23-05 2.96 28,300,000 28,172,650 06-28-05 2.95 24,400,000 24,280,433 HSBC Finance 06-13-05 2.92 24,000,000 23,912,587 05-24-06 3.01 25,000,000(c) 25,000,000 SLM 05-15-06 3.09 42,500,000(c) 42,500,000 Total 276,125,374 Insurance (2.5%) Irish Life & Permanent 06-24-05 2.95 28,400,000 28,270,267 07-05-05 2.99 24,500,000 24,364,352 05-21-06 3.00 35,000,000(c) 34,995,725 Total 87,630,344 Total commercial paper (Cost: $3,150,747,289) $3,150,747,289 Total investments in securities (Cost: $3,462,246,209)(d) $3,462,246,209 See accompanying notes to investments in securities. -------------------------------------------------------------------------------- 2 -- AXP CASH MANAGEMENT FUND -- PORTFOLIO HOLDINGS AT APRIL 30, 2005 Notes to investments in securities (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Semiannual Report dated Jan. 31, 2005. (b) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the board. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At April 30, 2005, the value of these securities amounted to $105,000,000 or 3.0% of net assets. (c) Interest rate varies either based on a predetermined schedule or to reflect current market conditions; rate shown is the effective rate on April 30, 2005. (d) Also represents the cost of securities for federal income tax purposes at April 30, 2005. How to find information about the Fund's portfolio holdings (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at www.americanexpress.com/funds. -------------------------------------------------------------------------------- 3 -- AXP CASH MANAGEMENT FUND -- PORTFOLIO HOLDINGS AT APRIL 30, 2005 S-6320-80 C (6/05) Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) AXP MONEY MARKET SERIES, INC. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 27, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date June 27, 2005 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date June 27, 2005