-----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, EOeQuOSpm0XQ0HPTGlB8GXX2G4oaPB2w+TmVWVMJl7O3DPI3InynTuxRsrWOrJKI WN2m7QXxuT6mLcJaiYVLJQ== 0000820027-99-000703.txt : 19991227 0000820027-99-000703.hdr.sgml : 19991227 ACCESSION NUMBER: 0000820027-99-000703 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 9 CONFORMED PERIOD OF REPORT: 19990731 FILED AS OF DATE: 19990928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS GROWTH FUND INC CENTRAL INDEX KEY: 0000049702 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [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: 99718344 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712772 NSAR-B 1 AXP GROWTH FUND, INC. PAGE 1 000 B000000 07/31/99 000 C000000 0000049702 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 3.0.a 000 J000000 U 001 A000000 AXP GROWTH FUND, INC. 001 B000000 811-2111 001 C000000 6126713800 002 A000000 IDS TOWER 10 002 B000000 MINNEAPOLIS 002 C000000 MN 002 D010000 55440 002 D020000 0010 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 10 013 A00AA01 KPMG LLP 013 B01AA01 MINNEAPOLIS 013 B02AA01 MN 013 B03AA01 55402 013 B04AA01 3900 015 A00AA01 AMERICAN EXPRESS TRUST COMPANY 015 B00AA01 C 015 C01AA01 MINNEAPOLIS 015 C02AA01 MN 015 C03AA01 55402 015 C04AA01 2307 015 E01AA01 X 015 A00AA02 BANK OF NEW YORK 015 B00AA02 S PAGE 2 015 C01AA02 NEW YORK 015 C02AA02 NY 015 C03AA02 10286 015 C04AA02 0001 015 E04AA02 X 018 00AA00 N 019 A00AA00 Y 019 B00AA00 48 019 C00AA00 AMEXPFUNDS 077 A000000 Y 077 B000000 Y 077 C000000 Y 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 Y 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 RELIANCE INSURANCE COMPANY 080 C00AA00 2500 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 Y 085 B00AA00 N 028 A010100 172457 028 A020100 1 028 A030100 0 028 A040100 138104 028 B010100 254156 028 B020100 111 028 B030100 0 028 B040100 212567 028 C010100 248221 028 C020100 25 PAGE 3 028 C030100 0 028 C040100 157296 028 D010100 234527 028 D020100 3 028 D030100 0 028 D040100 161598 028 E010100 208079 028 E020100 2 028 E030100 0 028 E040100 175138 028 F010100 237744 028 F020100 3 028 F030100 0 028 F040100 164906 028 G010100 1355184 028 G020100 145 028 G030100 0 028 G040100 1009609 028 H000100 354903 029 000100 Y 030 A000100 11562 030 B000100 5.00 030 C000100 0.50 031 A000100 4215 031 B000100 0 032 000100 0 033 000100 7347 034 000100 Y 035 000100 1013 036 A000100 N 036 B000100 0 037 000100 N 038 000100 0 039 000100 N 040 000100 Y 041 000100 Y 042 A000100 0 042 B000100 0 042 C000100 0 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 100 043 000100 10232 044 000100 0 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 PAGE 4 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 062 Q000100 0.0 062 R000100 0.0 071 A000100 0 071 B000100 0 071 C000100 0 071 D000100 0 072 A000100 12 072 B000100 0 072 C000100 15842 072 D000100 0 072 E000100 0 072 F000100 0 072 G000100 2363 072 H000100 0 072 I000100 6476 072 J000100 0 072 K000100 882 072 L000100 0 072 M000100 13 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B020200 0 028 B030200 0 028 B040200 10136 028 C010200 32777 028 C020200 1 028 C030200 0 028 C040200 8742 028 D010200 22811 028 D020200 2 028 D030200 0 PAGE 6 028 D040200 6803 028 E010200 24882 028 E020200 0 028 E030200 0 028 E040200 10745 028 F010200 31686 028 F020200 -2 028 F030200 0 028 F040200 8443 028 G010200 159608 028 G020200 1 028 G030200 0 028 G040200 53111 028 H000200 24175 029 000200 Y 030 A000200 2215 030 B000200 5.00 030 C000200 0.50 031 A000200 823 031 B000200 0 032 000200 0 033 000200 1392 034 000200 Y 035 000200 208 036 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 1819 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 0.0 062 L000200 0.0 062 M000200 0.0 062 N000200 0.0 062 O000200 0.0 PAGE 7 062 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 754 072 C000200 2381 072 D000200 0 072 E000200 0 072 F000200 0 072 G000200 345 072 H000200 0 072 I000200 1158 072 J000200 0 072 K000200 142 072 L000200 45 072 M000200 7 072 N000200 95 072 O000200 0 072 P000200 0 072 Q000200 0 072 R000200 5 072 S000200 0 072 T000200 1819 072 U000200 0 072 V000200 0 072 W000200 958 072 X000200 4574 072 Y000200 18 072 Z000200 -1420 072AA000200 85926 072BB000200 0 072CC010200 18672 072CC020200 0 072DD010200 167 072DD020200 1 072EE000200 27095 073 A010200 0.0000 073 A020200 0.0000 073 B000200 0.0000 073 C000200 0.0000 074 A000200 0 074 B000200 0 074 C000200 0 074 D000200 0 074 E000200 0 074 F000200 0 074 G000200 0 PAGE 8 074 H000200 0 074 I000200 0 074 J000200 0 074 K000200 0 074 L000200 0 074 M000200 757247 074 N000200 757247 074 O000200 0 074 P000200 16 074 Q000200 0 074 R010200 0 074 R020200 0 074 R030200 0 074 R040200 77 074 S000200 0 074 T000200 757154 074 U010200 60509 074 U020200 35631 074 V010200 0.00 074 V020200 0.00 074 W000200 0.0000 074 X000200 77270 074 Y000200 0 075 A000200 0 075 B000200 613045 076 000200 0.00 SIGNATURE LESLIE L. OGG TITLE VICE PRESIDENT EX-27 2 FINANCIAL DATA SCHEDULES
6 1 AXP GROWTH FUND CLASS A YEAR JUL-31-1999 JUL-31-1999 0 0 0 6948334060 0 6948334060 0 0 594456 594456 0 3846961672 108594621 100632056 0 0 135918376 0 2964859556 4575763796 29248050 17997004 0 60550208 (13305154) 135947987 1009565309 1132208142 0 0 172407217 0 42090006 38533190 4405749 1664216770 0 254387368 0 0 20681501 0 60729082 3988383237 36.58 (.03) 7.29 0 1.70 0 42.14 .89

EX-27 3 FINANCIAL DATA SCHEDULES
6 2 AXP GROWTH FUND CLASS B YEAR JUL-31-1999 JUL-31-1999 0 0 0 6948334060 0 6948334060 0 0 594456 594456 0 3846961672 35862198 28671856 0 0 135918376 0 2964859556 1457944915 29248050 17997004 0 60550208 (13305154) 135947987 1009565309 1132208142 0 0 52235570 0 10280610 4540479 1450211 1664216770 0 254387368 0 0 6589608 0 60729082 1193875751 35.61 (.28) 7.02 0 1.70 0 40.65 1.65

EX-27 4 FINANCIAL DATA SCHEDULES
6 3 AXP GROWTH FUND CLASS Y YEAR JUL-31-1999 JUL-31-1999 0 0 0 6948334060 0 6948334060 0 0 594456 594456 0 3846961672 21571462 15826100 0 0 135918376 0 2964859556 914030893 29248050 17997004 0 60550208 (13305154) 135947987 1009565309 1132208142 0 0 29774192 0 12052825 7109224 801761 1664216770 0 254387368 0 0 4313229 0 60729082 718715190 36.74 0 7.33 .00 1.70 0 42.37 .80

EX-27 5 FINANCIAL DATA SCHEDULE
6 4 AXP RESEARCH OPPORTUNITIES FUND CLASS A YEAR JUL-31-1999 JUL-31-1999 0 0 0 0 757246627 757246627 0 0 92572 92572 0 611589686 60509438 48312074 0 0 84107266 0 61457103 480679176 6316802 754536 0 8491000 (1419662) 85925568 18671763 103177669 0 167981 17205662 0 19385593 9439919 2251690 235925662 166685 26698274 0 0 2498632 0 8509579 390928747 6.98 (.01) 1.32 0 .35 0 7.94 1.12

EX-27 6 FINANCIAL DATA SCHEDULE
6 5 AXP RESEARCH OPPORTUNITIES FUND CLASS B YEAR JUL-31-1999 JUL-31-1999 0 0 0 0 757246627 757246627 0 0 92572 92572 0 611589686 35581335 26735233 0 0 84107266 0 61457103 276076754 6316802 754536 0 8491000 (1419662) 85925568 18671763 103177669 0 0 9873913 0 11676332 4195350 1365120 235925662 166685 26698274 0 0 1435082 0 8509579 221765037 6.88 (.02) 1.25 0 .35 0 7.76 1.88

EX-27 7 FINANCIAL DATA SCHEDULE
6 6 AXP RESEARCH OPPORTUNITIES FUND CLASS Y YEAR JUL-31-1999 JUL-31-1999 0 0 0 0 757246627 757246627 0 0 92572 92572 0 611589686 49996 218 0 0 84107266 0 61457103 398125 6316802 754536 0 8491000 (1419662) 85925568 18671763 103177669 0 840 15203 0 57556 9963 2185 235925662 166685 26698274 0 0 2070 0 8509579 305048 7.01 0 1.32 .02 .35 0 7.96 1.02

EX-99 8
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS GROWTH FUND, INC. June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 1. Election of Board members. H. Brewster Atwater, Jr. Affirmative 132,734,673.384 53.201% 98.241% Withhold 2,376,813.372 .953% 1.759% TOTAL 135,111,486.756 54.154% 100.000% Arne H. Carlson Affirmative 132,454,174.647 53.089% 98.033% Withhold 2,657,312.109 1.065% 1.967% TOTAL 135,111,486.756 54.154% 100.000% Lynne V. Cheney Affirmative 132,708,961.931 53.191% 98.222% Withhold 2,402,524.825 .963% 1.778% TOTAL 135,111,486.756 54.154% 100.000% William H. Dudley Affirmative 132,775,418.549 53.217% 98.271% Withhold 2,336,068.207 .937% 1.729% TOTAL 135,111,486.756 54.154% 100.000% David R. Hubers Affirmative 132,819,530.955 53.235% 98.304% Withhold 2,291,955.801 .919% 1.696% TOTAL 135,111,486.756 54.154% 100.000% Heinz F. Hutter Affirmative 132,712,573.597 53.192% 98.224% Withhold 2,398,913.159 .962% 1.776% TOTAL 135,111,486.756 54.154% 100.000% Anne P. Jones Affirmative 132,760,162.383 53.211% 98.260% Withhold 2,351,324.373 .943% 1.740% TOTAL 135,111,486.756 54.154% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS GROWTH FUND, INC. June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- William R. Pearce Affirmative 132,706,662.585 53.190% 98.220% Withhold 2,404,824.171 .964% 1.780% TOTAL 135,111,486.756 54.154% 100.000% Alan K. Simpson Affirmative 132,604,548.777 53.149% 98.145% Withhold 2,506,937.979 1.005% 1.855% TOTAL 135,111,486.756 54.154% 100.000% John R. Thomas Affirmative 132,803,421.870 53.229% 98.292% Withhold 2,308,064.886 .925% 1.708% TOTAL 135,111,486.756 54.154% 100.000% C. Angus Wurtele Affirmative 132,706,893.472 53.190% 98.220% Withhold 2,404,593.284 .964% 1.780% TOTAL 135,111,486.756 54.154% 100.000% 2. Ratify the selection of independent auditors Affirmative 131,554,704.514 52.728% 97.368% Against 1,549,763.968 .621% 1.147% Abstain 2,007,018.274 .805% 1.485% TOTAL 135,111,486.756 54.154% 100.000% 3. Change the Fund name from "IDS" to "AXP" Affirmative 123,164,231.210 49.365% 91.157% Against 9,597,713.411 3.847% 7.104% Abstain 2,349,542.135 .942% 1.739% TOTAL 135,111,486.756 54.154% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 3 IDS FUNDS IDS GROWTH FUND, INC. June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 249,496,728.130 VOTED SHARES 135,111,486.756 PERCENT VOTED 54.154% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS GROWTH FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 1. Election of Board members. H. Brewster Atwater, Jr. Affirmative 86,967,996.898 53.942% 98.258% Withhold 1,541,765.557 .956% 1.742% TOTAL 88,509,762.455 54.898% 100.000% Arne H. Carlson Affirmative 86,813,085.080 53.846% 98.083% Withhold 1,696,677.375 1.052% 1.917% TOTAL 88,509,762.455 54.898% 100.000% Lynne V. Cheney Affirmative 86,932,747.615 53.920% 98.218% Withhold 1,577,014.840 .978% 1.782% TOTAL 88,509,762.455 54.898% 100.000% William H. Dudley Affirmative 86,986,568.606 53.954% 98.279% Withhold 1,523,193.849 .944% 1.721% TOTAL 88,509,762.455 54.898% 100.000% David R. Hubers Affirmative 87,017,930.078 53.973% 98.314% Withhold 1,491,832.377 .925% 1.686% TOTAL 88,509,762.455 54.898% 100.000% Heinz F. Hutter Affirmative 86,945,604.820 53.928% 98.233% Withhold 1,564,157.635 .970% 1.767% TOTAL 88,509,762.455 54.898% 100.000% Anne P. Jones Affirmative 86,968,948.184 53.943% 98.259% Withhold 1,540,814.271 .955% 1.741% TOTAL 88,509,762.455 54.898% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS GROWTH FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- William R. Pearce Affirmative 86,924,332.903 53.915% 98.209% Withhold 1,585,429.552 .983% 1.791% TOTAL 88,509,762.455 54.898% 100.000% Alan K. Simpson Affirmative 86,889,693.688 53.893% 98.170% Withhold 1,620,068.767 1.005% 1.830% TOTAL 88,509,762.455 54.898% 100.000% John R. Thomas Affirmative 87,001,079.827 53.963% 98.295% Withhold 1,508,682.628 .935% 1.705% TOTAL 88,509,762.455 54.898% 100.000% C. Angus Wurtele Affirmative 86,944,590.867 53.928% 98.232% Withhold 1,565,171.588 .970% 1.768% TOTAL 88,509,762.455 54.898% 100.000% 2. Ratify the selection of independent auditors Affirmative 86,243,624.752 53.493% 97.440% Against 964,570.773 .598% 1.089% Abstain 1,301,566.930 .807% 1.471% TOTAL 88,509,762.455 54.898% 100.000% 3. Change the Fund name from "IDS" to "AXP" Affirmative 80,479,661.803 49.918% 90.927% Against 6,463,788.921 4.009% 7.303% Abstain 1,566,311.731 .971% 1.770% TOTAL 88,509,762.455 54.898% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 3 IDS FUNDS IDS GROWTH FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 6. Changes to investment policies 6.1 Prohibited conflict of interest Affirmative 78,800,477.193 48.876% 91.482% Against 4,458,796.869 2.766% 5.177% Abstain 2,878,182.393 1.785% 3.341% TOTAL 86,137,456.455 53.427% 100.000% Not Voting 2,372,306.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 4 IDS FUNDS IDS GROWTH FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 161,224,811.823 VOTED SHARES 88,509,762.455 PERCENT VOTED 54.898% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS GROWTH FUND CLASS B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 4. Approve a new shareholder service and distribution plan Affirmative 15,014,048.365 44.008% 87.947% Against 1,414,284.202 4.145% 8.285% Abstain 643,286.981 1.886% 3.768% TOTAL 17,071,619.548 50.039% 100.000% Not Voting 1,254.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS GROWTH FUND CLASS B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 34,116,703.262 VOTED SHARES 17,072,873.548 PERCENT VOTED 50.043% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS GROWTH FUND CLASSES A & B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 4. Approve a new shareholder service and distribution plan Affirmative 63,985,023.493 45.223% 86.807% Against 7,138,144.261 5.045% 9.684% Abstain 2,586,257.696 1.828% 3.509% TOTAL 73,709,425.450 52.096% 100.000% Not Voting 2,372,306.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS GROWTH FUND CLASSES A & B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 141,487,017.676 VOTED SHARES 76,081,731.450 PERCENT VOTED 53.773% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 1. Election of Board members. H. Brewster Atwater, Jr. Affirmative 45,766,676.486 51.847% 98.208% Withhold 835,047.815 .946% 1.792% TOTAL 46,601,724.301 52.793% 100.000% Arne H. Carlson Affirmative 45,641,089.567 51.705% 97.939% Withhold 960,634.734 1.088% 2.061% TOTAL 46,601,724.301 52.793% 100.000% Lynne V. Cheney Affirmative 45,776,214.316 51.858% 98.229% Withhold 825,509.985 .935% 1.771% TOTAL 46,601,724.301 52.793% 100.000% William H. Dudley Affirmative 45,788,849.943 51.873% 98.256% Withhold 812,874.358 .920% 1.744% TOTAL 46,601,724.301 52.793% 100.000% David R. Hubers Affirmative 45,801,600.877 51.887% 98.283% Withhold 800,123.424 .906% 1.717% TOTAL 46,601,724.301 52.793% 100.000% Heinz F. Hutter Affirmative 45,766,968.777 51.848% 98.209% Withhold 834,755.524 .945% 1.791% TOTAL 46,601,724.301 52.793% 100.000% Anne P. Jones Affirmative 45,791,214.199 51.875% 98.261% Withhold 810,510.102 .918% 1.739% TOTAL 46,601,724.301 52.793% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- William R. Pearce Affirmative 45,782,329.682 51.865% 98.242% Withhold 819,394.619 .928% 1.758% TOTAL 46,601,724.301 52.793% 100.000% Alan K. Simpson Affirmative 45,714,855.089 51.789% 98.097% Withhold 886,869.212 1.004% 1.903% TOTAL 46,601,724.301 52.793% 100.000% John R. Thomas Affirmative 45,802,342.043 51.888% 98.285% Withhold 799,382.258 .905% 1.715% TOTAL 46,601,724.301 52.793% 100.000% C. Angus Wurtele Affirmative 45,762,302.605 51.842% 98.199% Withhold 839,421.696 .951% 1.801% TOTAL 46,601,724.301 52.793% 100.000% 2. Ratify the selection of independent auditors Affirmative 45,311,079.762 51.331% 97.230% Against 585,193.195 .663% 1.256% Abstain 705,451.344 .799% 1.514% TOTAL 46,601,724.301 52.793% 100.000% 3. Change the Fund name from "IDS" to "AXP" Affirmative 42,684,569.407 48.356% 91.594% Against 3,133,924.490 3.550% 6.725% Abstain 783,230.404 .887% 1.681% TOTAL 46,601,724.301 52.793% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT Page 3 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 5. Approve changes to the Investment Management Services Agreement Affirmative 39,948,817.746 45.257% 87.927% Against 4,065,673.119 4.605% 8.948% Abstain 1,419,793.436 1.609% 3.125% TOTAL 45,434,284.301 51.471% 100.000% Not Voting 1,167,440.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 4 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 88,271,916.307 VOTED SHARES 46,601,724.301 PERCENT VOTED 52.793% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS RESEARCH OPPORTUNITES FUND CLASS B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 4. Approve a new shareholder service and distribution plan Affirmative 14,509,842.787 44.470% 88.249% Against 1,397,704.830 4.284% 8.501% Abstain 534,413.938 1.638% 3.250% TOTAL 16,441,961.555 50.392% 100.000% Not Voting 1,150.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS RESEARCH OPPORTUNITES FUND CLASS B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 32,628,023.229 VOTED SHARES 16,443,111.555 PERCENT VOTED 50.396% SHAREHOLDER RESPONSE SUMMARY REPORT Page 1 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND CLASSES A & B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- 4. Approve a new shareholder service and distribution plan Affirmative 40,053,070.314 45.400% 88.156% Against 4,005,508.283 4.541% 8.817% Abstain 1,375,476.854 1.559% 3.027% TOTAL 45,434,055.451 51.500% 100.000% Not Voting 1,167,440.000 SHAREHOLDER RESPONSE SUMMARY REPORT Page 2 IDS FUNDS IDS RESEARCH OPPORTUNITIES FUND CLASSES A & B June 30, 1999 % of Outstanding % of Shares No. of Shares Shares Voted --------------- ---------------- ---------------- ** FUND TOTALS: SHARES RECORD TOTAL 88,221,807.838 VOTED SHARES 46,601,495.451 PERCENT VOTED 52.823%
EX-99 9 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 Research Opportunities Fund and AXP Growth Fund (funds within AXP Growth Series, Inc.), for the year ended July 31, 1999, 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 3, 1999 ~~-----END PRIVACY-ENHANCED MESSAGE-----~~