-----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, L3Gf7GS6SB9WrXL7EJhs2UD3+92RFPn45g453poV80orAm1Uls4F2FQLxFVaH8f/ 92DRYlIKyffOL7sov1e9zQ== 0000820027-98-000486.txt : 19980729 0000820027-98-000486.hdr.sgml : 19980729 ACCESSION NUMBER: 0000820027-98-000486 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 5 CONFORMED PERIOD OF REPORT: 19980531 FILED AS OF DATE: 19980728 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS SELECTIVE FUND INC CENTRAL INDEX KEY: 0000052407 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410839316 STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: SEC FILE NUMBER: 811-00499 FILM NUMBER: 98672049 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS SELECTIVE FUND INC DATE OF NAME CHANGE: 19841002 NSAR-B 1 IDS SELECTIVE FUND, INC. 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OGG TITLE VICE PRESIDENT EX-27 2 FINANCIAL DATA SCHEDULE
6 1 IDS SELECTIVE FUND CLASS A YEAR MAY-31-1998 MAY-31-1998 0 0 0 1606236566 0 1606236566 0 0 571289 571289 0 1524536630 133367536 142906961 437407 0 0 6909688 87600928 1231376451 807190 112664228 0 14430298 99041120 (2534220) 59144624 155651524 0 79639635 10132709 0 10726249 27574808 7309134 (8537280) 2115568 8623089 0 0 6469702 0 14708779 1267281945 9.00 .57 .31 .58 .07 0 9.23 .86 0 0
EX-27 3 FINANCIAL DATA SCHEDULE
6 2 IDS SELECTIVE FUND CLASS B YEAR MAY-31-1998 MAY-31-1998 0 0 0 1606236566 0 1606236566 0 0 571289 571289 0 1524536630 16582278 14055085 437407 0 0 6909688 87600928 153099252 807190 112664228 0 14430298 99041120 (2534220) 59144624 155651524 0 7660457 1113787 0 5833712 4171964 865445 (8537280) 2115568 8623089 0 0 804389 0 14708779 138288344 9.00 .50 .31 .51 .07 0 9.23 1.62 0 0
EX-27 4 FINANCIAL DATA SCHEDULE
6 3 IDS SELECTIVE FUND CLASS Y YEAR MAY-31-1998 MAY-31-1998 0 0 0 1606236566 0 1606236566 0 0 571289 571289 0 1524536630 23955503 22426340 437407 0 0 6909688 87600928 221189574 807190 112664228 0 14430298 99041120 (2534220) 59144624 155651524 0 13462696 1708554 0 8657520 8780164 1651867 (8537280) 2115568 8623089 0 0 1162139 0 14708779 211557723 9.00 .58 .31 .59 .07 0 9.23 .79 0 0
EX-99 5 Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders IDS Selective Fund, Inc.: In planning and performing our audit of the financial statements of IDS Selective Fund, Inc. for the year ended May 31, 1998, 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 the internal control. The management of IDS Selective Fund, 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, errors or irregularities 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 the 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 errors or irregularities 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 the internal control and its operation, including controls for safeguarding securities, that we consider to be a material weakness as defined above. This report is intended solely for the information and use of management, the Board of Directors of IDS Selective Fund, Inc., and the Securities and Exchange Commission. KPMG Peat Marwick LLP Minneapolis, Minnesota July 2, 1998
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