Exhibit 77H

For AXP Large Cap Value Fund:

During the six-month fiscal period ended July 31, 2005, the Fund served as an
underlying investment of the AXP Portfolio Builder Series funds, six affiliated
funds-of-funds. The AXP Portfolio Builder Series funds and American Express
Financial Corporation, through its initial capital investment, were owners of
record of more than 25% of the outstanding shares of the Fund.

For AXP Quantitative Large Cap Equity Fund:

During the six-month fiscal period ended July 31, 2005, the Fund served as an
underlying investment of the AXP Portfolio Builder Series funds, six affiliated
funds-of-funds. The AXP Portfolio Builder Series funds and American Express
Financial Corporation, through its initial capital investment, were owners of
record of more than 25% of the outstanding shares of the Fund.