-----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, QR8401y9GjlLNZJsJ3ennzrXa3oZETPnwyYGN8cZ+sSh6HSxYEo5KYX+yEEOmffe s1cWGrWmYk6NoFsqEECbuQ== /in/edgar/work/0000820027-00-000778/0000820027-00-000778.txt : 20000929 0000820027-00-000778.hdr.sgml : 20000929 ACCESSION NUMBER: 0000820027-00-000778 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20000731 FILED AS OF DATE: 20000927 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP GROWTH FUND INC CENTRAL INDEX KEY: 0000049702 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] IRS NUMBER: 410329910 STATE OF INCORPORATION: MN FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-02111 FILM NUMBER: 729451 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712772 MAIL ADDRESS: STREET 1: 80 S. 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: IDS GROWTH FUND INC DATE OF NAME CHANGE: 19920703 NSAR-B 1 0001.txt AXP GROWTH SERIES, INC. PAGE 1 000 B000000 07/31/2000 000 C000000 0000049702 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 AXP GROWTH SERIES, INC. 001 B000000 811-2111 001 C000000 6126713800 002 A000000 200 AXP FINANCIAL CENTER 002 B000000 MINNEAPOLIS 002 C000000 MN 002 D010000 55474 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 2 007 C010100 1 007 C020100 AXP GROWTH FUND 007 C030100 N 007 C010200 2 007 C020200 AXP RESEARCH OPPORTUNITIES FUND 007 C030200 N 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC. 011 B00AA01 8-16791 011 C01AA01 MINNEAPOLIS 011 C02AA01 MN 011 C03AA01 55474 012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION 012 B00AA01 84-456 012 C01AA01 MINNEAPOLIS 012 C02AA01 MN 012 C03AA01 55474 015 A00AA01 AMERICAN EXPRESS TRUST COMPANY 015 B00AA01 C 015 C01AA01 MINNEAPOLIS 015 C02AA01 MN 015 C03AA01 55474 PAGE 2 015 E01AA01 X 015 A00AA02 DELETE 018 00AA00 N 019 A00AA00 Y 019 B00AA00 63 019 C00AA00 AMEXPFUNDS 077 A000000 Y 077 B000000 Y 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 Y 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 Y 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 N/A 080 C00AA00 0 081 A00AA00 N 081 B00AA00 0 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 N 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 028 A010100 387577 PAGE 3 028 A020100 4 028 A030100 0 028 A040100 237611 028 B010100 410189 028 B020100 0 028 B030100 0 028 B040100 271732 028 C010100 389701 028 C020100 3 028 C030100 0 028 C040100 223806 028 D010100 293330 028 D020100 1 028 D030100 0 028 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G000100 3334 072 H000100 0 072 I000100 9035 072 J000100 0 072 K000100 256 072 L000100 0 072 M000100 15 072 N000100 587 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 9 072 S000100 0 072 T000100 34713 072 U000100 0 072 V000100 0 072 W000100 1245 072 X000100 49194 072 Y000100 338 072 Z000100 -40647 072AA000100 282481 072BB000100 0 072CC010100 2000203 072CC020100 0 PAGE 5 072DD010100 0 072DD020100 0 072EE000100 135939 073 A010100 0.0000 073 A020100 0.0000 073 B000100 0.0000 073 C000100 0.0000 074 A000100 0 074 B000100 0 074 C000100 0 074 D000100 0 074 E000100 0 074 F000100 0 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 0 074 K000100 0 074 L000100 0 074 M000100 10657950 074 N000100 10657950 074 O000100 0 074 P000100 468 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 416 074 S000100 0 074 T000100 10657066 074 U010100 122105 074 U020100 75788 074 V010100 0.00 074 V020100 0.00 074 W000100 0.0000 074 X000100 545626 074 Y000100 0 075 A000100 0 075 B000100 8952444 076 000100 0.00 028 A010200 25656 028 A020200 0 028 A030200 0 028 A040200 19672 028 B010200 23410 028 B020200 -4 028 B030200 0 028 B040200 29120 028 C010200 16618 028 C020200 0 028 C030200 0 PAGE 6 028 C040200 18445 028 D010200 15119 028 D020200 2 028 D030200 0 028 D040200 15622 028 E010200 12748 028 E020200 1 028 E030200 0 028 E040200 17570 028 F010200 17647 028 F020200 0 028 F030200 0 028 F040200 26323 028 G010200 111198 028 G020200 -1 028 G030200 0 028 G040200 126752 028 H000200 13252 029 000200 Y 030 A000200 2053 030 B000200 5.75 030 C000200 0.00 031 A000200 845 031 B000200 0 032 000200 0 033 000200 1208 034 000200 Y 035 000200 270 036 A000200 N 036 B000200 0 042 A000200 0 042 B000200 0 042 C000200 0 042 D000200 0 042 E000200 0 042 F000200 0 042 G000200 0 042 H000200 100 043 000200 4660 044 000200 0 062 A000200 N 062 B000200 0.0 062 C000200 0.0 062 D000200 0.0 062 E000200 0.0 062 F000200 0.0 062 G000200 0.0 062 H000200 0.0 062 I000200 0.0 062 J000200 0.0 062 K000200 0.0 PAGE 7 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 0.0 062 P000200 0.0 062 Q000200 0.0 062 R000200 0.0 071 A000200 0 071 B000200 0 071 C000200 0 071 D000200 0 072 A000200 12 072 B000200 2778 072 C000200 1870 072 D000200 0 072 E000200 0 072 F000200 0 072 G000200 475 072 H000200 0 072 I000200 1612 072 J000200 0 072 K000200 96 072 L000200 0 072 M000200 8 072 N000200 148 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 6 072 S000200 0 072 T000200 4660 072 U000200 0 072 V000200 0 072 W000200 8 072 X000200 7013 072 Y000200 50 072 Z000200 -2315 072AA000200 124226 072BB000200 0 072CC010200 0 072CC020200 60246 072DD010200 0 072DD020200 0 072EE000200 103004 073 A010200 0.0000 073 A020200 0.0000 073 B000200 0.0000 073 C000200 0.0000 074 A000200 0 074 B000200 0 074 C000200 0 PAGE 8 074 D000200 0 074 E000200 0 074 F000200 0 074 G000200 0 074 H000200 0 074 I000200 0 074 J000200 0 074 K000200 0 074 L000200 0 074 M000200 876712 074 N000200 876712 074 O000200 0 074 P000200 44 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 106 074 S000200 0 074 T000200 876562 074 U010200 70925 074 U020200 45742 074 V010200 0.00 074 V020200 0.00 074 W000200 0.0000 074 X000200 82667 074 Y000200 0 075 A000200 0 075 B000200 866952 076 000200 0.00 SIGNATURE LESLIE L. OGG TITLE VICE PRESIDENT EX-27 2 0002.txt FINANCIAL DATA SCHEDULES
6 1 AXP GROWTH FUND CLASS A YEAR JUL-31-2000 JUL-31-2000 0 0 634045 10657315938 0 10657949983 0 0 883753 883753 0 5387487841 122105481 108594621 0 0 282451071 0 4987127318 6637361097 33700053 27858487 0 102205254 (40646714) 282481456 2000202891 2242037633 0 0 87059276 0 46185191 34302245 1627914 3709326626 0 135918376 0 0 32918051 0 102543620 5749831698 42.14 (.14) 13.14 0 .78 0 54.36 .99

EX-27 3 0003.txt FINANCIAL DATA SCHEDULES
6 2 AXP GROWTH FUND CLASS B YEAR JUL-31-2000 JUL-31-2000 0 0 634045 10657315938 0 10657949983 0 0 883753 883753 0 5387487841 47445636 35862198 0 0 282451071 0 4987127318 2467886466 33700053 27858487 0 102205254 (40646714) 282481456 2000202891 2242037633 0 0 31046847 0 15828819 4884036 638655 3709326626 0 135918376 0 0 12790727 0 102543620 2021283031 40.65 (.46) 12.61 0 .78 0 52.02 1.75

EX-27 4 0004.txt FINANCIAL DATA SCHEDULES
6 3 AXP GROWTH FUND CLASS C YEAR JUL-31-2000 JUL-31-2000 0 0 634045 10657315938 0 10657949983 0 0 883753 883753 0 5387487841 21860 0 0 0 282451071 0 4987127318 1137417 33700053 27858487 0 102205254 (40,646,714) 282,481,456 2000202891 2242037633 0 0 0 0 21860 0 0 3709326626 0 135918376 0 0 5893 0 102543620 467555 52.65 (.04) (.58) 0 0 0 52.03 1.75

EX-27 5 0005.txt FINANCIAL DATA SCHEDULES
6 4 AXP GROWTH FUND CLASS Y YEAR JUL-31-2000 JUL-31-2000 0 0 634045 10657315938 0 10657949983 0 0 883753 883753 0 5387487841 28320733 21571462 0 0 282451071 0 4987127318 1550681250 33700053 27858487 0 102205254 (40,646,714) 282,481,456 2000202891 2242037633 0 0 17842638 0 16314629 9918250 352892 3709326626 0 135918376 0 0 7634901 0 102543620 1214554931 42.37 (.06) 13.22 .00 .78 0 54.75 .83

EX-27 6 0006.txt FINANCIAL DATA SCHEDULE
6 5 AXP RESEARCH OPPORTUNITIES FUND CLASS A YEAR JUL-31-2000 JUL-31-2000 0 0 0 0 876711732 876711732 0 0 150020 150020 0 772218161 70924778 60509438 0 0 102996843 0 1346708 540051751 7396119 2777995 0 12489179 (2315065) 124226458 (60246113) 61665280 0 0 63710249 0 21031597 18245115 7628858 119407657 0 84107266 0 0 3404271 0 12538787 541541306 7.94 0 .66 0 .99 0 7.61 1.14

EX-27 7 0007.txt FINANCIAL DATA SCHEDULE
6 6 AXP RESEARCH OPPORTUNITIES FUND CLASS B YEAR JUL-31-2000 JUL-31-2000 0 0 0 0 876711732 876711732 0 0 150020 150020 0 772218161 45696035 35581335 0 0 102996843 0 1346708 336161256 7396119 2777995 0 12489179 (2315065) 124226458 (60246113) 61665280 0 0 39244541 0 12460910 7378944 5032734 119407657 0 84107266 0 0 2119026 0 12538787 328847789 7.76 (.05) .64 0 .99 0 7.36 1.91

EX-27 8 0008.txt FINANCIAL DATA SCHEDULE
6 7 AXP RESEARCH OPPORTUNITIES FUND CLASS C YEAR JUL-31-2000 JUL-31-2000 0 0 0 0 876711732 876711732 0 0 150020 150020 0 772218161 7822 0 0 0 102996843 0 1346708 57595 7396119 2777995 0 12489179 (2315065) 124226458 (60246113) 61665280 0 0 0 0 7822 0 0 119407657 0 84107266 0 0 363 0 12538787 25496 7.50 .02 (.16) 0 0 0 7.36 1.91

EX-27 9 0009.txt FINANCIAL DATA SCHEDULE
6 8 AXP RESEARCH OPPORTUNITIES FUND CLASS Y YEAR JUL-31-2000 JUL-31-2000 0 0 0 0 876711732 876711732 0 0 150020 150020 0 772218161 38052 49996 0 0 102996843 0 1346708 291110 7396119 2777995 0 12489179 (2315065) 124226458 (60246113) 61665280 0 0 48595 0 12602 30613 6067 119407657 0 84107266 0 0 1835 0 12538787 341176 7.96 .01 .67 0 .99 0 7.65 .97

EX-99 10 0010.txt Exhibit 77I For AXP Growth Series, Inc.: Class C shares are sold to the public without a sales charge at the time of purchase and with an annual 12b-1 fee of 1.00%. A 1% contingent deferred sales charge applies if shares are sold less than one year after purchase. EX-99 11 0011.txt Exhibit 77M For AXP Growth Series, Inc.: On July 14, 2000, Strategist Growth Fund (the Strategist Fund), a series of Strategist Growth Fund, Inc., merged into AXP Growth Fund (the AXP Fund), a series of AXP Growth Series, Inc. and Strategist Special Growth Fund (the Strategist Fund), a series of Strategist Growth Fund, Inc. Merged into AXP Research Opportunities Fund (the AXP Fund), a series of AXP Growth Series Inc. Board action: The Strategist Fund Board members, at a meeting held on March 10, 2000, and the AXP Fund Board members, at a meeting held on March 8-9, 2000, approved the Agreement and Plan of Reorganization (Agreement). Each Board determined that participation in the Reorganization was in the best interests of the respective Fund and that the interests of existing shareholders of the respective Fund would not be diluted as a result of the Reorganization. Shareholder approval: The Strategist Fund shareholders approved the Agreement between the Strategist Fund and the corresponding AXP Fund investing in the same master fund at a shareholder meeting held on May 9, 2000. Terms of the Reorganization: Under the Agreement, the Strategist Fund transferred all of its assets to the AXP Fund in exchange for Class A shares of the AXP Fund. Those shares were distributed proportionately to the shareholders of the Strategist Fund. The AXP Fund assumed the Strategist Fund's liabilities. The shareholders did not pay any sales charge in connection with the distribution of shares. American Express Financial Corporation agreed to bear the costs of effecting the Reorganization. Deregistration of the Strategist Fund: The Strategist Fund has ceased operations and has filed Form N-8F on August 16, 2000 to deregister the Fund as an investment company under the Investment Company Act of 1940. EX-99 12 0012.txt Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders AXP Growth Series, Inc.: In planning and performing our audit of the financial statements of AXP Growth Fund and AXP Research Opportunities Fund (series of AXP Growth Series, Inc.), for the year ended July 31, 2000, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on the internal control. The management of AXP Growth Fund, Inc. is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use or disposition. Because of inherent limitations in internal control, errors or irregularities may occur and not be detected. Also, projection of any evaluation of internal control 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 would not necessarily disclose all matters in the internal control 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 one or more of the internal control components 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 and its operation, including controls for safeguarding securities, that we consider to be a material weakness as defined above. This report is intended solely for the information and use of management, the Board of Directors of AXP Growth Series, Inc., and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.. KPMG LLP Minneapolis, Minnesota September 1, 2000 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~