EX-99.77C PROXY

Results of Meeting of Shareholders

AXP SELECTIVE FUND

REGULAR MEETING OF SHAREHOLDERS HELD ON NOVEMBER 13, 2002

(UNAUDITED)

A brief description of each proposal voted upon at the meeting and the number of
votes cast for, against or withheld, as well as the number of abstentions and
broker non-votes as to each proposal is set forth below.

Proposal 1

To elect the thirteen nominees specified below as Board members*.

                        Shares Voted "For"  Shares Withholding Authority to Vote
Arne H. Carlson          116,223,559.472                3,951,170.540
Philip J. Carroll, Jr.   116,627,457.461                3,547,272.551
Livio D. DeSimone        116,564,522.263                3,610,207.749
Barbara H. Fraser        116,607,977.812                3,566,752.200
Ira D. Hall              116,612,355.115                3,562,374.897
Heinz F. Hutter          116,608,806.600                3,565,923.412
Anne P. Jones            116,583,232.199                3,591,497.813
Stephen R. Lewis, Jr.    116,712,343.408                3,462,386.604
Alan G. Quasha           116,744,752.802                3,429,977.210
Stephen W. Roszell       116,694,300.405                3,480,429.607
Alan K. Simpson          116,252,475.884                3,922,254.128
Alison Taunton-Rigby     116,626,776.114                3,547,953.898
William F. Truscott      116,732,404.014                3,442,325.998


Proposal 2
To Amend the Articles of Incorporation/Declaration of Trust*:

2(a). To allow one vote/dollar instead of one vote/share.

Shares Voted "For"   Shares Voted "Against"   Abstentions     Broker Non-Votes
97,797,787.666           8,903,759.632       3,923,369.714      9,549,813.000

2(b). To change the name of the corporation.

Shares Voted "For"   Shares Voted "Against"   Abstentions     Broker Non-Votes
107,654,012.942          8,269,622.154       4,251,094.916          0.000

* Denotes Registrant-wide proposals and voting results.

EX-99.77Q3 CERT

EXHIBIT TO SUB-ITEM 77Q3 OF FORM N-SAR


(i)      The registrant's Principal Executive Officer and Principal Financial
         Officer evaluated the disclosure controls and procedures within the 90
         day period prior to the filing of this report on Form N-SAR. Based on
         this evaluation, they have concluded that the registrant's disclosure
         controls and procedures are effective in design and operation.

(ii)     There have been no significant changes in internal controls or in other
         factors that could significantly affect registrant's internal controls
         subsequent to the date of the evaluation indicated, including no
         significant deficiencies or material weaknesses that required
         corrective action.

(iii)    See attached certification.






                            Certification Pursuant to
                 270.30a-2 of the Investment Company Act of 1940



I, Paula Meyer, certify that:

1.   I have reviewed this report on Form N-SAR of AXP Income Series, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material fact or omit to state a material fact necessary to make the
     statements made, in light of the circumstances under which such statements
     were made, not misleading with respect to the period covered by this
     report;

3.   Based on my knowledge, the financial information included in this report,
     and the financial statements on which the financial information is based,
     fairly present in all material respects the financial condition, results of
     operations, changes in net assets, and cash flows (if the financial
     statements are required to include a statement of cash flows) of the
     registrant as of, and for, the periods presented in this report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in rule 30a-2(c) under the Investment Company Act) for the registrant and
     have:

a)   designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this report is being prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     report (the "Evaluation Date"); and

c)   presented in this report our conclusions about the effectiveness of the
     disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

a)   all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.   The registrant's other certifying officers and I have indicated in this
     report whether or not there were significant changes in internal controls
     or in other factors that could significantly affect internal controls
     subsequent to the date of our most recent evaluation, including any
     corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:    January 23, 2003

     /s/ Paula R. Meyer
     --------------------
Name:    Paula R. Meyer
Title:   President and Chief Executive Officer






                            Certification Pursuant to
                 270.30a-2 of the Investment Company Act of 1940



I, Jeffrey Fox, certify that:

1.   I have reviewed this report on Form N-SAR of AXP Income Series, Inc.;

2.   Based on my knowledge, this report does not contain any untrue statement of
     a material fact or omit to state a material fact necessary to make the
     statements made, in light of the circumstances under which such statements
     were made, not misleading with respect to the period covered by this
     report;

3.   Based on my knowledge, the financial information included in this report,
     and the financial statements on which the financial information is based,
     fairly present in all material respects the financial condition, results of
     operations, changes in net assets, and cash flows (if the financial
     statements are required to include a statement of cash flows) of the
     registrant as of, and for, the periods presented in this report;

4.   The registrant's other certifying officers and I are responsible for
     establishing and maintaining disclosure controls and procedures (as defined
     in rule 30a-2(c) under the Investment Company Act) for the registrant and
     have:

a)   designed such disclosure controls and procedures to ensure that material
     information relating to the registrant, including its consolidated
     subsidiaries, is made known to us by others within those entities,
     particularly during the period in which this report is being prepared;

b)   evaluated the effectiveness of the registrant's disclosure controls and
     procedures as of a date within 90 days prior to the filing date of this
     report (the "Evaluation Date"); and

c)   presented in this report our conclusions about the effectiveness of the
     disclosure controls and procedures based on our evaluation as of the
     Evaluation Date;

5.   The registrant's other certifying officers and I have disclosed, based on
     our most recent evaluation, to the registrant's auditors and the audit
     committee of the registrant's board of directors (or persons performing the
     equivalent functions):

a)   all significant deficiencies in the design or operation of internal
     controls which could adversely affect the registrant's ability to record,
     process, summarize and report financial data and have identified for the
     registrant's auditors any material weaknesses in internal controls; and

b)   any fraud, whether or not material, that involves management or other
     employees who have a significant role in the registrant's internal
     controls; and

6.   The registrant's other certifying officers and I have indicated in this
     report whether or not there were significant changes in internal controls
     or in other factors that could significantly affect internal controls
     subsequent to the date of our most recent evaluation, including any
     corrective actions with regard to significant deficiencies and material
     weaknesses.

Date:    January 23, 2003

     /s/ Jeffrey P. Fox
     ---------------------
Name:    Jeffrey P. Fox
Title:   Treasurer and Chief Financial Officer