-----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, B39btHj6l4+VVAUFQc1M6gdBZ5FKkD23i3Q+iIUS39EX3bSygfL2xM5v2YQ8PQXY 4hv+lU3WFUoPEbgi/NPb8A== 0000820027-03-000520.txt : 20030729 0000820027-03-000520.hdr.sgml : 20030729 20030729120601 ACCESSION NUMBER: 0000820027-03-000520 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030531 FILED AS OF DATE: 20030729 EFFECTIVENESS DATE: 20030729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP INCOME SERIES INC CENTRAL INDEX KEY: 0000052407 IRS NUMBER: 410839316 STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-00499 FILM NUMBER: 03807711 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 S. 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: AXP SELECTIVE FUND INC /MN/ DATE OF NAME CHANGE: 20000829 FORMER COMPANY: FORMER CONFORMED NAME: IDS SELECTIVE FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS SELECTIVE FUND INC DATE OF NAME CHANGE: 19841002 NSAR-B 1 answer.fil AXP INCOME SERIES, INC. PAGE 1 000 B000000 05/31/2003 000 C000000 0000052407 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 AXP INCOME SERIES, INC. 001 B000000 811-499 001 C000000 6126713800 002 A000000 200 AXP FINANCIAL CENTER 002 B000000 MINNEAPOLIS 002 C000000 MN 002 D010000 55474 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 018 00AA00 N 019 A00AA00 Y 019 B00AA00 83 019 C00AA00 AMEXPFUNDS 077 A000000 Y 077 B000000 Y 077 C000000 N 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 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 N/A 080 C00AA00 0 081 A00AA00 N 081 B00AA00 0 082 A00AA00 N PAGE 2 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 N 085 B00AA00 N 028 A010100 15599 028 A020100 10334 028 A030100 0 028 A040100 36553 028 B010100 17959 028 B020100 4091 028 B030100 0 028 B040100 52050 028 C010100 22425 028 C020100 2883 028 C030100 0 028 C040100 34165 028 D010100 20325 028 D020100 2472 028 D030100 0 028 D040100 36986 028 E010100 16501 028 E020100 2118 028 E030100 0 028 E040100 38558 028 F010100 12894 028 F020100 2631 028 F030100 0 028 F040100 42989 028 G010100 105703 028 G020100 24529 028 G030100 0 028 G040100 241301 028 H000100 50184 029 000100 Y 030 A000100 993 030 B000100 4.75 030 C000100 0.00 031 A000100 481 031 B000100 0 032 000100 0 033 000100 512 034 000100 Y 035 000100 451 036 A000100 N 036 B000100 0 042 A000100 0 042 B000100 0 042 C000100 0 PAGE 3 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 100 043 000100 5898 044 000100 0 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 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 65802 072 C000100 0 072 D000100 0 072 E000100 0 072 F000100 0 072 G000100 739 072 H000100 0 072 I000100 2145 072 J000100 0 072 K000100 241 072 L000100 0 072 M000100 12 072 N000100 31 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 11 072 S000100 0 072 T000100 5898 072 U000100 0 072 V000100 0 PAGE 4 072 W000100 206 072 X000100 9283 072 Y000100 27 072 Z000100 56546 072AA000100 0 072BB000100 33620 072CC010100 61666 072CC020100 0 072DD010100 38956 072DD020100 17983 072EE000100 6171 073 A010100 0.0000 073 A020100 0.0000 073 B000100 0.0000 073 C000100 0.0000 074 A000100 0 074 B000100 0 074 C000100 0 074 D000100 0 074 E000100 0 074 F000100 0 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 0 074 K000100 0 074 L000100 0 074 M000100 1458432 074 N000100 1458432 074 O000100 0 074 P000100 22 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 919 074 S000100 0 074 T000100 1457491 074 U010100 107508 074 U020100 56538 074 V010100 0.00 074 V020100 0.00 074 W000100 0.0000 074 X000100 108367 074 Y000100 0 075 A000100 0 075 B000100 1521396 076 000100 0.00 SIGNATURE TITLE This report is signed on behalf of the registrant (or depositor or trustee). City of: Minneapolis State of: Minnesota Date: July 24, 2003 Name of Registrant, Depositor, or Trustee: /s/ Jeffrey P. Fox ------------------ By (Name and Title): Jeffrey P. Fox Treasurer and Chief Financial Officer /s/ Steven A. Turbenson ------------------------- Witness (Name and Title): Steven A. Turbenson Assistant Treasurer AXP Income Series, Inc. EX-99.77B AUD CON 3 ex99-77b.txt INDEPENDENT AUDITORS' REPORT ON INTERNAL ACCOUNTING CONTROL Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders AXP Income Series, Inc. (formerly AXP Selective Fund, Inc.): In planning and performing our audit of the financial statements of AXP Selective Fund (fund within the AXP Income Series, Inc.) for the year ended May 31, 2003, 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 internal control. The management of AXP Income Series, 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, error or fraud 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 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 misstatements caused by error or fraud 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 internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above. This report is intended solely for the information and use of management, the Board of Directors of AXP Income 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. /s/ KPMG LLP - --------------- KPMG LLP Minneapolis, Minnesota July 11, 2003 -----END PRIVACY-ENHANCED MESSAGE-----