June 30, 2000



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

ATTN:  Ms. Patsy Mengiste, Document Control - EDGAR

Re:    AXP Selective Fund, Inc.
       File No. 2-10700/811-499

Dear Ms. Mengiste:

Registrant  certifies  that the form of  prospectus  and Statement of Additional
Information that would have been filed under paragraph (c) of Rule 497 would not
have differed from that contained in the most recent  Registration  Statement or
Amendment,  and the text of the most recent Registration  Statement or Amendment
has been filed electronically.

Sincerely,

AXP SELECTIVE FUND, INC.


/s/Leslie L. Ogg
   Leslie L. Ogg
Vice President, General Counsel and Secretary

LLO/KW/ps