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Prospectus Supplement for Individuals Purchasing Mutual Funds
through American Express Financial Advisors Inc. Financial Advisors
Located in Branches of Bank One, Utah, N.A.

                                                    Prospectus
                                                    Form #
Publicly Offered Funds:

IDS Blue Chip Advantage Fund                        S-6025
IDS Bond Fund                                       S-6495
IDS California Tax-Exempt Fund                      S-6328
IDS Cash Management Fund                            S-6320
IDS Discovery Fund                                  S-6457 
IDS Diversified Equity Income Fund                  S-6475 
IDS Equity Select Fund                              S-6426 
IDS Equity Value Fund                               S-6382
IDS Extra Income Fund                               S-6370 
IDS Federal Income Fund                             S-6042
IDS Global Bond Fund                                S-6309
IDS Global Growth Fund                              S-6334
IDS Growth Fund                                     S-6455
IDS High Yield Tax-Exempt Fund                      S-6430
IDS Insured Tax-Exempt Fund                         S-6327
IDS International Fund                              S-6140
IDS Managed Retirement Fund                         S-6141
IDS Massachusetts Tax-Exempt Fund                   S-6328
IDS Michigan Tax-Exempt Fund                        S-6328
IDS Minnesota Tax-Exempt Fund                       S-6328
IDS Mutual                                          S-6326
IDS New Dimensions Fund                             S-6440
IDS New York Tax-Exempt Fund                        S-6328
IDS Ohio Tax-Exempt Fund                            S-6328
IDS Precious Metals Fund                            S-6142
IDS Progressive Fund                                S-6449
IDS Selective Fund                                  S-6376
IDS Stock Fund                                      S-6351
IDS Strategy Aggressive Fund                        S-6381
IDS Tax-Exempt Bond Fund                            S-6310
IDS Tax-Free Money Fund                             S-6433
IDS Utilities Income Fund                           S-6341

QUICK TELEPHONE REFERENCE

For American Express Telephone
Transaction Service, 
American Express Shareholder
Service, and 
American Express Infoline call:
1-800-775-5803

(replaces Special Shareholder
Services phone numbers listed
inside)

S-6160 (5/95)
*Valid until further notice

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DISTRIBUTION OF FUNDS' SHARES

The Fund's distributor, American Express Financial Advisors Inc.,
will make certain payments to Bank One, Utah, N.A. ("Bank One") in
connection with the sale of Fund shares from distributor's offices
on Bank One premises which distributor leases from Bank One.  [See
the Statement of Additional Information for details].  

The Glass-Steagall Act is a federal banking law that generally
prohibits banks from publicly underwriting or distributing certain
securities.

The Office of the Comptroller of the Currency permits a bank to
receive payments from a fund's distributor in connection with the
sale of fund shares from distributor's offices on bank branch
premises which distributor leases from bank, without violation of
the Glass-Steagall Act or other applicable banking laws or
regulations.  Changes in either federal or state statutes and
regulations relating to the permissible activities of banks and
their subsidiaries or affiliates, as well as further judicial or
administrative decisions or interpretations of such or future
statutes and regulations, could prevent Bank One from continuing to
receive payment in connection with distributor's offices on Bank
One premises.  It is not expected that existing shareholders would
suffer any adverse financial consequences as a result of any of
these occurrences.

American Express Financial Advisors Inc. (American Express
Financial Advisors) through its financial advisors, offers
investments and financial planning services.  Financial advisors
sell insurance and annuities as agents of IDS Life Insurance
Company (IDS Life) and IDS Insurance Agency of Utah (IDS). Licensed
Bank One, Utah, NA employees sell fixed annuities as agents of IDS. 
American Express Financial Advisors, IDSL and IDS are not
affiliates of BANC ONE CORPORATION or any of its bank or non-bank
affiliates.  The products offered or issued by AEFA, IDSL and IDS
are not FDIC insured, are not deposits, obligations of, or
guaranteed by BANC ONE CORPORATION or any of its bank or non-bank
affiliates; and are subject to investment risks including possible
loss of principal amount invested.