-----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, FM81EN7JmAjQjHvhclsRfafRMxBkgf9fEYxcoZwMBJuRySWs9I6z2np6jtkpGCOJ F4kMwAtilWQOoUQ3hAueyg== 0000820027-99-000560.txt : 19990729 0000820027-99-000560.hdr.sgml : 19990729 ACCESSION NUMBER: 0000820027-99-000560 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 6 CONFORMED PERIOD OF REPORT: 19990530 FILED AS OF DATE: 19990728 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: 99671567 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 AXP SECECTIVE FUND, INC. 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OGG TITLE VICE PRESIDENT EX-27 2 FINANCIAL DATA SCHEDULES WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 1 IDS SELECTIVE FUND CLASS A YEAR MAY-31-1999 MAY-31-1999 0 0 5 1577074725 0 1577074730 0 0 478189 478189 0 1544604845 130643213 133367536 791648 0 21737681 0 9462367 1170466872 807137 108469051 0 15614349 93661839 41649023 (78138561) 57172301 0 70803729 9639607 0 17815988 27089924 6549613 (29068736) 437407 0 0 6909688 6246109 0 15647195 1217837835 9.23 .54 (.20) .61 .00 0 8.96 .89 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-27 3 FINANCIAL DATA SCHEDULES WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 2 IDS SELECTIVE FUND CLASS B YEAR MAY-31-1999 MAY-31-1999 0 0 5 1577074725 0 1577074730 0 0 478189 478189 0 1544604845 23478633 16582278 791648 0 21737681 0 9462367 210343604 807137 108469051 0 15614349 93661839 41649023 (78138561) 57172301 0 9096813 1455785 0 11571189 5713123 1038289 (29068736) 437407 0 0 6909688 1122483 0 15647195 179880246 9.23 .47 (.20) .54 .00 0 8.96 1.65 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-27 4 FINANCIAL DATA SCHEDULES WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
6 3 IDS SELECTIVE FUND CLASS Y YEAR MAY-31-1999 MAY-31-1999 0 0 5 1577074725 0 1577074730 0 0 478189 478189 0 1544604845 21851833 23955563 791648 0 21737681 0 9462367 195786065 807137 108469051 0 15614349 93661839 41649023 (78138561) 57172301 0 13407056 1906262 0 11212661 14984989 1668598 (29068736) 437407 0 0 6909688 1044798 0 15647195 227674791 9.23 .55 (.20) .62 0 0 8.96 .81 [AVG-DEBT-OUTSTANDING] 0 [AVG-DEBT-PER-SHARE] 0
EX-99 5
SHAREHOLDER RESPONSE SUMMARY REPORT IDS FUNDS IDS Selective Fund, Inc. June 16, 1999 % of Outstanding % of Shares No. of Shares Shares Voted 1. Election of Board members. H. Brewster Atwater, Jr. Affirmative 98,031,805.859 55.197% 98.938% Withhold 1,052,457.177 0.592% 1.062% TOTAL 99,084,263.036 55.789% 100.000% Arne H. Carlson Affirmative 97,827,031.111 55.081% 98.731% Withhold 1,257,231.925 0.708% 1.269% TOTAL 99,084,263.036 55.789% 100.000% Lynne V. Cheney Affirmative 98,013,684.093 55.186% 98.920% Withhold 1,070,578.943 0.603% 1.080% TOTAL 99,084,263.036 55.789% 100.000% William H. Dudley Affirmative 98,027,814.825 55.194% 98.934% Withhold 1,056,448.211 0.595% 1.066% TOTAL 99,084,263.036 55.789% 100.000% David R. Hubers Affirmative 98,040,037.995 55.201% 98.946% Withhold 1,044,225.041 0.588% 1.054% TOTAL 99,084,263.036 55.789% 100.000% Heinz F. Hutter Affirmative 98,010,242.508 55.184% 98.916% Withhold 1,074,020.528 0.605% 1.084% TOTAL 99,084,263.036 55.789% 100.000% Anne P. Jones Affirmative 98,041,947.377 55.202% 98.948% Withhold 1,042,315.659 0.587% 1.052% TOTAL 99,084,263.036 55.789% 100.000% William R. Pearce Affirmative 97,996,551.545 55.177% 98.902% Withhold 1,087,711.491 0.612% 1.098% TOTAL 99,084,263.036 55.789% 100.000% Alan K. Simpson Affirmative 97,980,888.065 55.168% 98.886% Withhold 1,103,374.971 0.621% 1.114% TOTAL 99,084,263.036 55.789% 100.000% SHAREHOLDER RESPONSE SUMMARY REPORT IDS FUNDS IDS Selective Fund, Inc. June 16, 1999 % of Outstanding % of Shares No. of Shares Shares Voted John R. Thomas Affirmative 98,048,470.934 55.206% 98.955% Withhold 1,035,792.102 0.583% 1.045% TOTAL 99,084,263.036 55.789% 100.000% C. Angus Wurtele Affirmative 98,033,729.819 55.198% 98.940% Withhold 1,050,533.217 0.591% 1.060% TOTAL 99,084,263.036 55.789% 100.000% 2. Ratify the selection of independent auditors Affirmative 97,062,313.264 54.651% 97.959% Against 843,352.093 0.475% 0.852% Abstain 1,178,597.679 0.663% 1.189% TOTAL 99,084,263.036 55.789% 100.000% 3. Change the Fund name from "IDS" to "AXP" Affirmative 89,548,077.000 50.420% 90.376% Against 7,670,424.657 4.319% 7.741% Abstain 1,865,761.379 1.050% 1.883% TOTAL 99,084,263.036 55.789% 100.000% 6. Changes to investment policies 6.1 Prohibited conflict of interest Affirmative 90,905,139.416 51.184% 93.172% Against 3,265,613.991 1.839% 3.347% Abstain 3,396,642.629 1.912% 3.481% TOTAL 97,567,396.036 54.935% 100.000% Not Voting 1,516,867.000 6.2 Senior Securities Affirmative 90,929,963.625 51.198% 93.197% Against 3,222,992.610 1.815% 3.303% Abstain 3,414,439.801 1.922% 3.500% TOTAL 97,567,396.036 54.935% 100.000% Not Voting 1,516,867.000 FUND TOTALS Shares Record Total 177,604,887.042 Voted Shares 99,084,263.036 Percent Voted 55.789% SHAREHOLDER RESPONSE SUMMARY REPORT IDS FUNDS IDS Selective Fund, Inc. Class B June 16, 1999 % of Outstanding % of Shares No. of Shares Shares Voted 4. Approve a new shareholder service and distribution plan. Affirmative 10,353,542.233 46.189% 90.400% Against 794,604.413 3.545% 6.937% Abstain 304,947.145 1.361% 2.663% TOTAL 11,453,093.791 51.095% 100.000% Not Voting 7,744.000 FUND TOTALS Shares Record Total 22,415,449.446 Voted Shares 11,460,837.791 Percent Voted 51.129% SHAREHOLDER RESPONSE SUMMARY REPORT IDS FUNDS IDS Selective Fund, Inc. Class A & B June 16, 1999 % of Outstanding % of Shares No. of Shares Shares Voted 4. Approve a new shareholder service and distribution plan. Affirmative 78,067,170.113 50.370% 90.504% Against 5,616,020.511 3.624% 6.510% Abstain 2,575,451.507 1.661% 2.986% TOTAL 86,258,642.131 55.655% 100.000% Not Voting 1,516,867.000 FUND TOTALS Shares Record Total 154,987,457.084 Voted Shares 87,775,509.131 Percent Voted 56.634%
EX-99 6 Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders AXP Selective Fund, Inc.: In planning and performing our audit of the financial statements of AXP Selective Fund, Inc. for the year ended May 31, 1999, 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 AXP 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 AXP Selective Fund, 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. KPMG LLP Minneapolis, Minnesota July 2, 1999
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