-----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, CDLGgVItYYGOTxwALaMiebUi4u1UPFfApOl/LwU2/F0AjwbSVBgD5/0tMxyrG/1k SDMHG3czSoUZBbnDrC8yAg== 0000820027-99-000247.txt : 19990420 0000820027-99-000247.hdr.sgml : 19990420 ACCESSION NUMBER: 0000820027-99-000247 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990419 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MANAGED RETIREMENT FUND INC CENTRAL INDEX KEY: 0000755221 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-93801 FILM NUMBER: 99596663 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH ST STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MONEY MARKET SERIES INC CENTRAL INDEX KEY: 0000049698 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411254759 STATE OF INCORPORATION: MN FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-54516 FILM NUMBER: 99596664 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPLOS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: IDS CASH MANAGEMENT FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS NEW DIMENSIONS FUND INC CENTRAL INDEX KEY: 0000049717 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410940846 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-28529 FILM NUMBER: 99596665 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS PROGRESSIVE FUND INC CENTRAL INDEX KEY: 0000049722 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410940847 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-30059 FILM NUMBER: 99596666 BUSINESS ADDRESS: STREET 1: 80 S 8TH ST STREET 2: T33/52 IDS TOWER 10 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS SELECTIVE FUND INC CENTRAL INDEX KEY: 0000052407 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410839316 STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-10700 FILM NUMBER: 99596667 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS SELECTIVE FUND INC DATE OF NAME CHANGE: 19841002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS STOCK FUND INC CENTRAL INDEX KEY: 0000052423 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410839317 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-11358 FILM NUMBER: 99596668 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH ST STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712727 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS STOCK FUND INC DATE OF NAME CHANGE: 19831221 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS TAX EXEMPT BOND FUND INC CENTRAL INDEX KEY: 0000202159 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411284051 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-57328 FILM NUMBER: 99596669 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712772 FORMER COMPANY: FORMER CONFORMED NAME: IDS MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19770201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS STRATEGY FUND INC CENTRAL INDEX KEY: 0000740146 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-89288 FILM NUMBER: 99596670 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS PRECIOUS METALS FUND INC CENTRAL INDEX KEY: 0000755222 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-93745 FILM NUMBER: 99596671 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MARKET ADVANTAGE SERIES INC CENTRAL INDEX KEY: 0000854669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-30770 FILM NUMBER: 99596672 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FORMER COMPANY: FORMER CONFORMED NAME: IDS INDEX ADVANTAGE SERIES INC DATE OF NAME CHANGE: 19900201 497 1 PROSPECTUS SUPPLEMENT Prospectus Supplement April 19, 1999 - -------------------------------------------------------------------------------- Date Prosp# (MM/YY Fund Name Printed) - -------------------------------------------------------------------------------- Retail Funds: IDS Blue Chip Advantage Fund 4/1/99 S-6025 M (3/99) IDS Bond Fund 10/30/98 S-6495 M (10/98) IDS California Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Cash Management Fund 9/29/98 S-6320 M (9/98) IDS Discovery Fund 9/29/98 S-6457 M (9/98) IDS Diversified Equity Income Fund 11/27/98 S-6475 M (11/98) IDS Emerging Markets Fund 12/30/98 S-6354 D (12/98) IDS Equity Select Fund 1/29/99 S-6426 N (1/99) IDS Equity Value Fund 5/29/98 S-6382 F (5/98) IDS Extra Income Fund 7/30/98 S-6370 M (7/98) IDS Federal Income Fund 7/30/98 S-6042 N (7/98) IDS Global Balanced Fund 12/30/98 S-6352 C (12/98) IDS Global Bond Fund 12/30/98 S-6309 M (12/98) IDS Global Growth Fund 12/30/98 S-6334 M (12/98) IDS Growth Fund 9/29/98 S-6455 N (9/98) IDS High Yield Tax-Exempt Fund 1/29/99 S-6430 N (1/99) IDS Insured Tax-Exempt Fund 8/28/98 S-6327 M (8/98) IDS Intermediate Tax-Exempt Fund 1/29/99 S-6353 D (1/99) IDS International Fund 12/30/98 S-6140 M (12/98) IDS Managed Allocation Fund 11/27/98 S-6141 N (11/98) IDS Massachusetts Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Michigan Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Minnesota Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Mutual 11/27/98 S-6326 N (11/98) IDS New Dimensions Fund 9/29/98 S-6440 M (9/98) IDS New York Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Ohio Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Precious Metals Fund 5/29/98 S-6142 M (5/98) IDS Progressive Fund 11/27/98 S-6449 M (11/98) IDS Research Opportunities Fund 9/29/98 S-6356 D (9/98) IDS Selective Fund 7/30/98 S-6376 N (7/98) IDS Small Company Index Fund 4/1/99 S-6357 E (3/99) IDS Stock Fund 11/27/98 S-6351 N (11/98) IDS Strategy Aggressive Fund 5/30/98 S-6381 F (5/98) IDS Tax-Exempt Bond Fund 1/29/99 S-6310 N (1/99) IDS Tax-Free Money Fund 3/1/99 S-6433 M (2/99) IDS Utilities Income Fund 8/28/98 S-6341 M (8/98) SHAREHOLDER MEETINGS At the regular meetings scheduled to be held on June 16, 1999, shareholders of the funds listed above will vote on the following proposals: 1. Change the Fund Name from IDS to AXP. Shareholders of all funds will be asked to approve a name change from IDS to AXP. AXP is an abbreviated form of the name of the funds' investment manager, American Express Financial Corporation. For example, IDS New Dimensions Fund would change to AXP New Dimensions Fund. Annuity Funds will also add the words "Variable Portfolio" to their name. For example, IDS Life Capital Resource Fund would change to AXP Variable Portfolio - Capital Resource Fund. 2. Add a New Distribution Plan. For Class A, shareholders will vote on a proposal to change the existing shareholder service agreement to a distribution plan (also known as a 12b-1 plan) and increase the fee from 0.175% to 0.25% of average daily net assets. For Class B, shareholders will vote on a proposal to convert the existing shareholder service agreement to a distribution plan. In combination with the existing distribution plan of 0.75%, this will increase the combined fee from 0.925% to 1.0% of average daily net assets. Amounts paid under the distribution plan will be used for service and education as well as for advertising materials and programs designed to increase Fund sales. Annuity Fund shareholders will vote on a new distribution plan of 0.125% of average daily net assets that will provide additional services and education. 3. Change the Investment Management Services Agreement. As shown in the following table, five funds will be voting on a fee increase. Four of those five funds also will be voting on the addition of breakpoints that reduce fee rates as the fund's assets grow. In addition, 11 funds will be voting on adding or changing a performance incentive adjustment. Under a performance incentive adjustment, the management fee is calculated as shown in the prospectus. The fee is then adjusted for performance. The fund's performance is compared to the performance of a Lipper Index of similar funds. If the fund performs better than the index, the fee will increase. If the fund performs worse than the index, the fee will decrease. The maximum increase or decrease is shown in the table.
Proposed Management Fee Changes - -------------------------------- ----------------------- --------------------------- -------------------------- Type of Change Fee Fund (Annual rate; in billions) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Current Proposed - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Blue Chip Increase of .10%, First $.25 - .44% First $.25 - .54% breakpoints and next $.25 - .415% next $.25 - .515% PIA (maximum next $.25 - .39% next $.25 - .49% adjustment of .08%) next $.25 - .365% next $.25 - .465% over $1 - .34% next $1 - .44% next $1 - .41% next $3 - .38% over $6 - .35% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Cash Management Increase of .05% First $1 - .31% First $1 - .36% Tax-Free Money and breakpoints next $.5 - .293% next $.5 - .343% next $.5 - .275% next $.5 - .325% next $.5 - .258% next $.5 - .308% over $2.5 - .24% next $1 - .29% next $3 - .27% over $6.5 - .25% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Diversified Equity Income PIA (.08%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Emerging Markets PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Equity Select Increase of .08% First $.5 - .53% First $1 - .60% and breakpoints next $.5 - .505% next $1 - .575% next $1 - .48% next $1 - .55% next $1 - .455% next $3 - .525% next $3 - .43% next $6 - .50% over $6 - .40% next $12 - .49% over $24 - .48% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Equity Value PIA (.08%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Global Balanced PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Global Growth PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Research Opportunities PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Small Company Index PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Strategy Aggressive PIA (.12%) * - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Utilities Income Increase of .08% First $.5 - .53% First $0.5 - .61% and PIA (.08%) next $.5 - .505% next $0.5 - .585% next $1 - .48% next $1 - .56% next $1 - .455% next $1 - .535% next $3 - .43% next $3 - .51% over $6 - .40% over $6 - .48% - -------------------------------- ----------------------- --------------------------- -------------------------- * The fee schedule will not change.
4. Change Fundamental Policies. Shareholders will be asked to eliminate or modify a number of policies. Policies to be voted on include those regarding: potential conflicts of interest; issuing senior securities; transactions with affiliates; investing in other investment companies; pledging or mortgaging assets; investing in issuers with less than 3 years of operating history; investing in exploration or development programs; and investing for purposes of exercising control or management. Eliminating or changing these policies is not expected to have any impact on the funds' investment practices. 5. New Subadvisory Agreement. Shareholders of Managed Allocation and Strategy Aggressive will be asked to approve a subadvisory agreement with Kenwood Capital Management, LLC, a subsidiary of AEFC. 6. Change in Investment Objective. Shareholders of Equity Select will vote on a proposal to change the fund's investment objective from "growth of capital and income" to "growth of capital". S-6229 (4/99) *Destroy - June 17, 1999 -----END PRIVACY-ENHANCED MESSAGE-----