ARTICLES OF AMENDMENT

                                       OF

                           IDS Progressive Fund, Inc.


         Pursuant to Section 302A.135 of the Minnesota Business Corporation Act,
IDS Progressive Fund, Inc.,  incorporated  under the laws of the State
of Minnesota on April 8, 1986,  amends its Articles of  Incorporation  to change
the name of the  corporation  to AXP Progressive  Fund,  Inc. The new
Article I shall be:

                                ARTICLE I - NAME

        The name of this corporation (hereinafter called the "Fund") is:

                           AXP Progressive Fund, Inc.

         The resolution to amend the Articles of  Incorporation  was approved by
the affirmative vote of a majority of the shares present and entitled to vote at
a regular  meeting of  shareholders on June 16, 1999, held pursuant to a written
notice given to each shareholder in the manner provided in Section 302A.435.

Dated this 16th day of June, 1999.

                                   AXP Progressive Fund, Inc.


                                   By /s/   Leslie L. Ogg
                                      ------------------------
                                             Leslie L. Ogg
                                             Vice President and Secretary

STATE OF MINNESOTA)
                  )ss.
COUNTY  OF  DAKOTA)

         The foregoing  instrument  was  acknowledge  before me this 16th day of
June, 1999.


                                   By /s/   Diane R. Kepp
                                      ------------------------
                                            Diane R. Kepp
                                            Notary Public