-----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, DLrGkkIGMN0fmR3uR+c1yCKuIgqeiwNFjuJ4z8/8rEiXKGkbF9xoY6kv4umdyHAI hfXKoV6H/q4ze+dJMOOF4Q== 0000820027-05-000570.txt : 20050727 0000820027-05-000570.hdr.sgml : 20050727 20050727130638 ACCESSION NUMBER: 0000820027-05-000570 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050531 FILED AS OF DATE: 20050727 DATE AS OF CHANGE: 20050727 EFFECTIVENESS DATE: 20050727 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: 05976398 BUSINESS ADDRESS: STREET 1: 50606 AXP FINANCIAL CENTER STREET 2: H27/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 612-671-7981 MAIL ADDRESS: STREET 1: 50606 AXP FINANCIAL CENTER STREET 2: H27/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 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 05/31/2005 000 C000000 0000052407 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 AXP INCOME SERIES, INC. 001 B000000 811-499 001 C000000 6126712059 002 A000000 50606 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 1 007 C010100 1 007 C020100 AXP SELECTIVE FUND 007 C030100 N 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 007 C011100 11 007 C011200 12 007 C011300 13 007 C011400 14 007 C011500 15 007 C011600 16 007 C011700 17 007 C011800 18 007 C011900 19 007 C012000 20 007 C012100 21 007 C012200 22 007 C012300 23 007 C012400 24 007 C012500 25 007 C012600 26 007 C012700 27 PAGE 2 007 C012800 28 007 C012900 29 007 C013000 30 007 C013100 31 007 C013200 32 007 C013300 33 007 C013400 34 007 C013500 35 007 C013600 36 007 C013700 37 007 C013800 38 007 C013900 39 007 C014000 40 007 C014100 41 007 C014200 42 007 C014300 43 007 C014400 44 007 C014500 45 007 C014600 46 007 C014700 47 007 C014800 48 007 C014900 49 007 C015000 50 007 C015100 51 007 C015200 52 007 C015300 53 007 C015400 54 007 C015500 55 007 C015600 56 007 C015700 57 007 C015800 58 007 C015900 59 007 C016000 60 011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC. 011 B00AA01 8-16791 011 C01AA01 MINNEAPOLIS 011 C02AA01 MN 011 C03AA01 55474 012 A00AA01 AMERICAN EXPRESS CLIENT SERVICE CORPORATION 012 B00AA01 84-5685 012 C01AA01 MINNEAPOLIS 012 C02AA01 MN 012 C03AA01 55474 013 A00AA01 KPMG LLP 013 B01AA01 MINNEAPOLIS 013 B02AA01 MN 013 B03AA01 55402 013 B04AA01 3900 015 A00AA01 U.S. BANK NATIONAL ASSOCIATION 015 B00AA01 C 015 C01AA01 SAINT PAUL PAGE 3 015 C02AA01 MN 015 C03AA01 55101 015 C04AA01 1631 015 E01AA01 X 018 00AA00 N 019 A00AA00 Y 019 B00AA00 90 019 C00AA00 AMEXPFUNDS 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 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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 082 B00AA00 0 083 A00AA00 N PAGE 5 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 N 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 086 A01AA00 0 086 A02AA00 0 086 B01AA00 0 086 B02AA00 0 086 C01AA00 0 086 C02AA00 0 086 D01AA00 0 086 D02AA00 0 086 E01AA00 0 086 E02AA00 0 086 F01AA00 0 086 F02AA00 0 024 000100 N 025 D000101 0 025 D000102 0 025 D000103 0 025 D000104 0 025 D000105 0 025 D000106 0 025 D000107 0 025 D000108 0 028 A010100 28987 028 A020100 2446 028 A030100 0 028 A040100 23375 028 B010100 15202 028 B020100 2364 028 B030100 0 028 B040100 33447 028 C010100 15863 028 C020100 2511 028 C030100 0 028 C040100 22154 028 D010100 15716 PAGE 6 028 D020100 2508 028 D030100 0 028 D040100 25302 028 E010100 24731 028 E020100 2493 028 E030100 0 028 E040100 33744 028 F010100 11646 028 F020100 2498 028 F030100 0 028 F040100 17338 028 G010100 112145 028 G020100 14820 028 G030100 0 028 G040100 155360 028 H000100 111926 029 000100 Y 030 A000100 378 030 B000100 4.75 030 C000100 0.00 031 A000100 188 031 B000100 0 032 000100 0 033 000100 190 034 000100 Y 035 000100 211 036 A000100 N 036 B000100 0 037 000100 N 038 000100 0 039 000100 N 040 000100 Y 041 000100 Y 042 A000100 0 042 B000100 0 042 C000100 0 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 100 043 000100 3205 044 000100 0 055 A000100 N 055 B000100 N 056 000100 N 057 000100 N 058 A000100 N 059 000100 Y 060 A000100 Y 060 B000100 Y PAGE 7 061 000100 2000 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 0.0 063 A000100 0 063 B000100 0.0 066 A000100 N 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 070 A010100 N 070 A020100 N 070 B010100 N 070 B020100 N 070 C010100 N 070 C020100 N 070 D010100 N 070 D020100 N 070 E010100 N 070 E020100 N 070 F010100 N 070 F020100 N 070 G010100 N 070 G020100 N 070 H010100 N 070 H020100 N 070 I010100 N 070 I020100 N 070 J010100 N 070 J020100 N 070 K010100 N 070 K020100 N 070 L010100 N 070 L020100 N 070 M010100 N PAGE 8 070 M020100 N 070 N010100 N 070 N020100 N 070 O010100 N 070 O020100 N 070 P010100 N 070 P020100 N 070 Q010100 N 070 Q020100 N 070 R010100 N 070 R020100 N 071 A000100 0 071 B000100 0 071 C000100 0 071 D000100 0 072 A000100 12 072 B000100 37280 072 C000100 0 072 D000100 0 072 E000100 0 072 F000100 0 072 G000100 477 072 H000100 0 072 I000100 1321 072 J000100 0 072 K000100 175 072 L000100 0 072 M000100 10 072 N000100 50 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 11 072 S000100 0 072 T000100 3205 072 U000100 0 072 V000100 0 072 W000100 82 072 X000100 5331 072 Y000100 695 072 Z000100 32644 072AA000100 720 072BB000100 0 072CC010100 21051 072CC020100 0 072DD010100 23912 072DD020100 9762 072EE000100 0 073 A010100 0.0000 073 A020100 0.0000 073 B000100 0.0000 PAGE 9 073 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 914595 074 N000100 914595 074 O000100 0 074 P000100 47 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 685 074 S000100 0 074 T000100 913863 074 U010100 68029 074 U020100 37152 074 V010100 0.00 074 V020100 0.00 074 W000100 0.0000 074 X000100 58761 074 Y000100 0 075 A000100 0 075 B000100 870930 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 25, 2005 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 ACCT LTTR 2 ex99-77b.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM Report of Independent Registered Public Accounting Firm The Board of Directors and Shareholders AXP Income Series, 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, 2005, 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 U.S. generally accounting accepted 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 Public Company Accounting Oversight Board (United States). A material weakness is a significant deficiency, or combination of significant deficiencies, that result in more than a remote likelihood that a material misstatement of the annual or interim financial statements will not be prevented or detected. 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 as of May 31, 2005. 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 20, 2005 -----END PRIVACY-ENHANCED MESSAGE-----