-----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, R9tpwKkGdw/IbTiil0XNYBkcwP9RzCxLiMXAvkvuzKRzNQsdl22LmpschEt9imwR Zk6q5lqAQ5GbOP9CHvJaSg== 0000820027-06-000237.txt : 20060301 0000820027-06-000237.hdr.sgml : 20060301 20060301165828 ACCESSION NUMBER: 0000820027-06-000237 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051231 FILED AS OF DATE: 20060301 DATE AS OF CHANGE: 20060301 EFFECTIVENESS DATE: 20060301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP STOCK SERIES INC CENTRAL INDEX KEY: 0000052423 IRS NUMBER: 410839317 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-00498 FILM NUMBER: 06656472 BUSINESS ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 BUSINESS PHONE: 6126714321 MAIL ADDRESS: STREET 1: 50606 AMERIPRISE FINANCIAL CENTER STREET 2: H27/5228 CITY: MINNEAPOLIS STATE: MN ZIP: 55474 FORMER COMPANY: FORMER CONFORMED NAME: AXP STOCK FUND INC DATE OF NAME CHANGE: 19991124 FORMER COMPANY: FORMER CONFORMED NAME: IDS STOCK FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS STOCK FUND INC DATE OF NAME CHANGE: 19831221 0000052423 S000003405 RiverSource Stock Fund C000009399 RiverSource Stock Fund Class C C000009400 RiverSource Stock Fund Class I RSSIX C000009401 RiverSource Stock Fund Class A INSTX C000009402 RiverSource Stock Fund Class B IDSBX C000009403 RiverSource Stock Fund Class Y IDSYX N-Q 1 stock-nq.txt AXP STOCK SERIES, INC. UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANIES Investment Company Act file number 811-498 ----------- AXP STOCK SERIES, INC. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) 50606 AXP Financial Center, Minneapolis, Minnesota 55474 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip code) Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 - -------------------------------------------------------------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (612) 330-9283 ----------------- Date of fiscal year end: 9/30 -------------- Date of reporting period: 12/31 -------------- RIVERSOURCE STOCK FUND A FEEDER FUND INVESTING IN EQUITY PORTFOLIO PORTFOLIO HOLDINGS AT DEC. 31, 2005 Investments in Securities Equity Portfolio Dec. 31, 2005 (Unaudited) (Percentages represent value of investments compared to net assets) Common Stocks (98.9%) Issuer Shares Value(a) Aerospace & Defense (3.0%) Boeing 330,106 $23,186,646 General Dynamics 2,866 326,867 Goodrich 23,131 950,684 Lockheed Martin 150,000 9,544,500 Rockwell Collins 55,762 2,591,260 United Technologies 315,544 17,642,065 Total 54,242,022 Air Freight & Logistics (0.5%) United Parcel Service Cl B 110,000 8,266,500 Auto Components (0.1%) Dana 30,576 219,536 Delphi 111,477 32,663 Johnson Controls 25,635 1,869,047 Total 2,121,246 Automobiles (0.5%) Ford Motor 512,472 3,956,284 General Motors 151,189(d) 2,936,090 Harley-Davidson 51,295 2,641,180 Total 9,533,554 Beverages (1.8%) Coca-Cola 448,176 18,065,975 Constellation Brands Cl A 25,458(b) 667,763 PepsiCo 234,777 13,870,625 Total 32,604,363 Biotechnology (0.7%) Amgen 100,000(b) 7,886,000 Gilead Sciences 90,820(b) 4,779,857 Total 12,665,857 Capital Markets (2.9%) Bear Stearns Companies 13,037 1,506,165 Charles Schwab 68,194 1,000,406 Franklin Resources 94,915 8,922,959 Goldman Sachs Group 150,000 19,156,500 Janus Capital Group 64,951 1,210,037 Common Stocks (continued) Issuer Shares Value(a) Capital Markets (cont.) Lehman Brothers Holdings 111,553 $14,297,748 Merrill Lynch & Co 34,591 2,342,848 Morgan Stanley 59,546 3,378,640 Total 51,815,303 Chemicals (0.6%) Ecolab 100,000 3,627,000 Monsanto 51,625 4,002,486 Praxair 75,000 3,972,000 Total 11,601,486 Commercial Banks (3.1%) Bank of America 210,000 9,691,500 Comerica 21,570 1,224,313 KeyCorp 43,553 1,434,200 Natl City 172,364(d) 5,786,259 PNC Financial Services Group 78,623 4,861,260 US Bancorp 330,000 9,863,700 Wells Fargo & Co 380,000 23,875,401 Total 56,736,633 Commercial Services & Supplies (0.1%) Equifax 27,434 1,043,041 Communications Equipment (1.8%) Cisco Systems 230,000(b) 3,937,600 Comverse Technology 71,637(b) 1,904,828 Corning 562,300(b) 11,054,818 Motorola 595,419 13,450,515 Scientific-Atlanta 29,452 1,268,498 Tellabs 102,379(b) 1,115,931 Total 32,732,190 Computers & Peripherals (3.9%) Apple Computer 241,040(b) 17,328,366 EMC 580,000(b) 7,899,600 Gateway 251,317(b) 630,806 Hewlett-Packard 1,339,680 38,355,037 Lexmark Intl Cl A 15,641(b) 701,186 NCR 40,190(b) 1,364,049 Common Stocks (continued) Issuer Shares Value(a) Computers & Peripherals (cont.) QLogic 145,178(b) $4,719,737 Total 70,998,781 Consumer Finance (0.8%) MBNA 79,188 2,150,746 SLM 220,000 12,119,800 Total 14,270,546 Distributors (0.1%) Genuine Parts 28,762 1,263,227 Diversified Financial Services (4.4%) CIT Group 34,530 1,787,963 Citigroup 1,091,877 52,988,791 iShares MSCI EAFE Index Fund 407,600 24,235,896 Moody's 20,581 1,264,085 Total 80,276,735 Diversified Telecommunication Services (4.3%) AT&T 1,264,729 30,973,212 BellSouth 643,026 17,426,005 Sprint Nextel 500,000 11,680,000 Verizon Communications 599,438 18,055,073 Total 78,134,290 Electric Utilities (2.4%) Allegheny Energy 49,289(b) 1,559,997 American Electric Power 61,522 2,281,851 CenterPoint Energy 81,337 1,045,180 Edison Intl 31,102 1,356,358 Exelon 128,296 6,817,649 FPL Group 51,979 2,160,247 PG&E 108,523 4,028,374 PPL 150,000 4,410,000 Southern 320,000 11,049,601 TECO Energy 99,311 1,706,163 TXU 124,816 6,264,515 Xcel Energy 51,961 959,200 Total 43,639,135 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 1 -- RIVERSOURCE STOCK FUND -- PORTFOLIO HOLDINGS AT DEC. 31, 2005 Common Stocks (continued) Issuer Shares Value(a) Electrical Equipment (0.4%) American Power Conversion 72,997 $1,605,934 Rockwell Automation 100,000 5,916,000 Total 7,521,934 Electronic Equipment & Instruments (0.3%) Jabil Circuit 31,906(b) 1,183,394 Sanmina-SCI 787,345(b) 3,354,089 Total 4,537,483 Energy Equipment & Services (2.7%) Baker Hughes 154,661 9,400,296 BJ Services 42,114 1,544,320 Halliburton 188,157 11,658,207 Nabors Inds 20,574(b,c) 1,558,481 Natl Oilwell Varco 43,938(b) 2,754,913 Noble 9,051 638,458 Schlumberger 130,000 12,629,499 Transocean 135,810(b) 9,464,599 Total 49,648,773 Food & Staples Retailing (2.5%) Albertson's 82,337 1,757,895 CVS 402,856 10,643,456 Kroger 183,056(b) 3,456,097 Safeway 219,477 5,192,826 SYSCO 42,579 1,322,078 Wal-Mart Stores 490,951 22,976,506 Total 45,348,858 Food Products (1.4%) Archer-Daniels-Midland 162,054 3,996,252 Hershey 23,734 1,311,304 Kellogg 220,000 9,508,400 WM Wrigley Jr 150,000 9,973,499 Total 24,789,455 Health Care Equipment & Supplies (2.6%) Alcon 25,000(c) 3,240,000 Bausch & Lomb 14,021 952,026 Becton Dickinson & Co 24,737 1,486,199 Medtronic 416,831 23,996,961 St Jude Medical 220,000(b) 11,044,000 Stryker 145,000 6,442,350 Total 47,161,536 Health Care Providers & Services (6.7%) Aetna 74,353 7,012,231 AmerisourceBergen 54,548 2,258,287 Cardinal Health 46,110 3,170,063 Caremark Rx 108,287(b) 5,608,184 CIGNA 86,047 9,611,450 Express Scripts 58,057(b) 4,865,177 HCA 113,610 5,737,305 Humana 26,830(b) 1,457,674 McKesson 120,181 6,200,138 Medco Health Solutions 63,244(b) 3,529,015 Quest Diagnostics 39,405 2,028,569 Tenet Healthcare 69,745(b) 534,247 UnitedHealth Group 697,817 43,362,348 WellPoint 345,785(b) 27,590,185 Total 122,964,873 Common Stocks (continued) Issuer Shares Value(a) Hotels, Restaurants & Leisure (1.8%) Darden Restaurants 50,646 $1,969,116 Harrah's Entertainment 105,571 7,526,157 Marriott Intl Cl A 182,815 12,243,121 Starbucks 180,000(b) 5,401,800 Wendy's Intl 45,405 2,509,080 Yum! Brands 55,583 2,605,731 Total 32,255,005 Household Durables (1.2%) Centex 73,255 5,237,000 DR Horton 191,481 6,841,615 KB HOME 28,115 2,042,836 Lennar Cl A 19,103 1,165,665 Pulte Homes 110,575 4,352,232 Stanley Works 4,742 227,806 Whirlpool 21,968 1,840,040 Total 21,707,194 Household Products (1.4%) Kimberly-Clark 38,134 2,274,693 Procter & Gamble 410,000 23,730,800 Total 26,005,493 Industrial Conglomerates (1.9%) 3M 122,286 9,477,165 General Electric 720,000 25,236,000 Total 34,713,165 Insurance (5.7%) ACE 12,982(c) 693,758 AFLAC 32,833 1,524,108 Allstate 245,821 13,291,541 Ambac Financial Group 43,792 3,374,612 American Intl Group 230,000 15,692,900 Aon 56,826 2,042,895 Chubb 124,009 12,109,479 Hartford Financial Services Group 19,040 1,635,346 Jefferson-Pilot 14,239 810,626 Lincoln Natl 62,101 3,293,216 Loews 49,389 4,684,547 Marsh & McLennan Companies 95,414 3,030,349 MBIA 53,750 3,233,600 Prudential Financial 192,712 14,104,591 Safeco 18,055 1,020,108 St Paul Travelers Companies 411,070 18,362,496 Torchmark 22,084 1,227,870 UnumProvident 125,407 2,853,009 Total 102,985,051 Internet Software & Services (0.9%) Google Cl A 28,000(b) 11,616,080 Yahoo! 140,000(b,d) 5,485,200 Total 17,101,280 IT Services (0.5%) Affiliated Computer Services Cl A 19,858(b) 1,175,196 Automatic Data Processing 21,107 968,600 Convergys 108,755(b) 1,723,767 Electronic Data Systems 95,135 2,287,046 Common Stocks (continued) Issuer Shares Value(a) IT Services (cont.) Sabre Holdings Cl A 53,261 $1,284,123 Unisys 153,647(b) 895,762 Total 8,334,494 Leisure Equipment & Products (0.3%) Eastman Kodak 115,450 2,701,530 Mattel 120,252 1,902,387 Total 4,603,917 Machinery (1.9%) Caterpillar 383,574 22,159,069 Ingersoll-Rand Cl A 25,846(c) 1,043,403 ITT Inds 94,147 9,680,195 PACCAR 14,299 989,920 Total 33,872,587 Media (0.5%) Clear Channel Outdoor Holdings Cl A 200,000(b) 4,010,000 Time Warner 300,000 5,232,000 Total 9,242,000 Metals & Mining (1.3%) BHP Billiton ADR 325,000(c) 10,861,500 Nucor 10,550 703,896 Peabody Energy 50,000 4,121,000 Phelps Dodge 57,001 8,200,734 Total 23,887,130 Multiline Retail (1.8%) Dollar General 81,264 1,549,704 Family Dollar Stores 38,890 964,083 Federated Dept Stores 90,167 5,980,777 JC Penney 32,168 1,788,541 Nordstrom 86,390 3,230,986 Sears Holdings 2,908(b) 335,961 Target 330,000 18,140,101 Total 31,990,153 Multi-Utilities & Unregulated Power (1.4%) AES 156,620(b) 2,479,295 CMS Energy 111,348(b) 1,615,659 Constellation Energy Group 23,442 1,350,259 Dominion Resources 122,059 9,422,955 Duke Energy 119,770 3,287,687 Public Service Enterprise Group 82,300 5,347,031 Sempra Energy 35,742 1,602,671 Total 25,105,557 Oil & Gas (8.0%) Amerada Hess 9,921 1,258,181 Anadarko Petroleum 28,997 2,747,466 BG Group ADR 180,000(c) 8,940,600 Chevron 522,473 29,660,792 ConocoPhillips 326,080 18,971,334 Devon Energy 110,790 6,928,807 El Paso 109,541 1,332,019 EOG Resources 29,258 2,146,659 Exxon Mobil 1,029,078 57,803,312 Kerr-McGee 14,959 1,359,175 Kinder Morgan 38,796 3,567,292 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 2 -- RIVERSOURCE STOCK FUND -- PORTFOLIO HOLDINGS AT DEC. 31, 2005 Common Stocks (continued) Issuer Shares Value(a) Oil & Gas (cont.) Marathon Oil 72,685 $4,431,604 Occidental Petroleum 25,800 2,060,904 Sunoco 43,220 3,387,584 Williams Companies 73,838 1,710,826 Total 146,306,555 Pharmaceuticals (6.5%) Abbott Laboratories 72,778 2,869,637 Allergan 16,877 1,822,041 Bristol-Myers Squibb 565,979 13,006,197 Johnson & Johnson 705,361 42,392,197 Merck & Co 764,577 24,321,194 Pfizer 660,782 15,409,436 Roche Holding ADR 190,000(c) 14,221,709 Teva Pharmaceutical Inds ADR 130,000(c) 5,591,300 Total 119,633,711 Real Estate Investment Trust (0.2%) Equity Office Properties Trust 52,744 1,599,725 Simon Property Group 14,650 1,122,630 Total 2,722,355 Road & Rail (1.0%) Burlington Northern Santa Fe 24,690 1,748,546 CSX 267,916 13,602,095 Norfolk Southern 74,244 3,328,359 Total 18,679,000 Semiconductors & Semiconductor Equipment (3.4%) Advanced Micro Devices 296,742(b) 9,080,305 Applied Micro Circuits 361,162(b) 928,186 Broadcom Cl A 138,070(b) 6,510,001 Common Stocks (continued) Issuer Shares Value(a) Semiconductors & Semiconductor Equipment (cont.) Intel 687,380 $17,157,004 Linear Technology 160,000 5,771,200 LSI Logic 100,831(b) 806,648 Maxim Integrated Products 120,000 4,348,800 Microchip Technology 40,000 1,286,000 Natl Semiconductor 89,867 2,334,745 NVIDIA 82,546(b) 3,017,882 Texas Instruments 310,000 9,941,700 Total 61,182,471 Software (3.6%) Adobe Systems 58,882 2,176,279 Autodesk 41,982 1,803,127 Citrix Systems 41,974(b) 1,208,012 Compuware 301,837(b) 2,707,478 Microsoft 1,381,401 36,123,635 Oracle 867,629(b) 10,593,750 SAP ADR 200,000(c) 9,014,000 Symantec 71,785(b) 1,256,238 Total 64,882,519 Specialty Retail (2.9%) AutoNation 46,675(b) 1,014,248 Best Buy 195,079(f) 8,482,035 Home Depot 613,978 24,853,829 Lowe's Companies 130,000 8,665,800 Office Depot 283,056(b) 8,887,958 Staples 43,797 994,630 Total 52,898,500 Textiles, Apparel & Luxury Goods (0.4%) Coach 28,636(b) 954,724 Liz Claiborne 15,157 542,924 Nike Cl B 47,341 4,108,725 Common Stocks (continued) Issuer Shares Value(a) Textiles, Apparel & Luxury Goods (cont.) VF 16,538 $915,213 Total 6,521,586 Thrifts & Mortgage Finance (1.9%) Countrywide Financial 22,882 782,336 Fannie Mae 287,414 14,028,677 Freddie Mac 127,565 8,336,373 MGIC Investment 28,521 1,877,252 Washington Mutual 227,896 9,913,476 Total 34,938,114 Tobacco (2.8%) Altria Group 661,643 49,437,965 UST 42,237 1,724,537 Total 51,162,502 Total Common Stocks (Cost: $1,662,955,718) $1,794,648,160 Short-Term Securities (1.0%)(e) Issuer Effective Amount Value(a) yield payable at maturity Commercial Paper Amsterdam Funding 01-03-06 4.20% $8,800,000(g) $8,795,893 01-09-06 4.36 5,000,000(g) 4,993,958 Goldman, Sachs Group 01-03-06 4.33 5,000,000 4,997,595 Total Short-Term Securities (Cost: $18,789,678) $18,787,446 Total Investments in Securities (Cost: $1,681,745,396)(h) $1,813,435,606 See accompanying notes to investments in securities. - -------------------------------------------------------------------------------- 3 -- RIVERSOURCE STOCK FUND -- PORTFOLIO HOLDINGS AT DEC. 31, 2005 Notes to Investments in Securities (a) Securities are valued by procedures described in Note 1 to the financial statements in the most recent Annual Report dated Sept. 30, 2005. (b) Non-income producing. (c) Foreign security values are stated in U.S. dollars. At Dec. 31, 2005, the value of foreign securities represented 3.0% of net assets. (d) At Dec. 31, 2005, security was partially or fully on loan. (e) Cash collateral received from security lending activity is invested in short-term securities and represents 0.7% of net assets. 0.3% of net assets is the Portfolio's cash equivalent position. (f) Partially pledged as initial margin deposit on the following open stock index futures contracts: Type of security Contracts Purchase contracts S&P 500 Index, March 2006 8 (g) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This security has been determined to be liquid under guidelines established by the Fund's Board of Directors. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers. At Dec. 31, 2005, the value of these securities amounted to $13,789,851 or 0.8% of net assets. (h) At Dec. 31, 2005, the cost of securities for federal income tax purposes was approximately $1,681,745,000 and the approximate aggregate gross unrealized appreciation and depreciation based on that cost was: Unrealized appreciation $171,009,000 Unrealized depreciation (39,318,000) ------------- Net unrealized appreciation $131,691,000 ------------- The Global Industry Classification Standard (GICS) was developed by and is the exclusive property of Morgan Stanley Capital International Inc. and Standard & Poor's, a division of The McGraw-Hill Companies, Inc. How to find information about the Fund's portfolio holdings (i) The Fund files its complete schedule of portfolio holdings with the Securities and Exchange Commission (Commission) for the first and third quarters of each fiscal year on Form N-Q; (ii) The Fund's Forms N-Q are available on the Commission's website at http://www.sec.gov; (iii) The Fund's Forms N-Q may be reviewed and copied at the Commission's Public Reference Room in Washington, DC (information on the operations of the Public Reference Room may be obtained by calling 1-800-SEC-0330); and (iv) The Fund's complete schedule of portfolio holdings, as disclosed in its annual and semiannual shareholder reports and in its filings on Form N-Q, can be found at www.riversource.com/funds. - -------------------------------------------------------------------------------- 4 -- RIVERSOURCE STOCK FUND -- PORTFOLIO HOLDINGS AT DEC. 31, 2005 S-6351-80 D (3/06) Item 2. Control and Procedures. (a) Based upon their evaluation of the registrant's disclosure controls and procedures as conducted within 90 days of the filing date of this report, the registrant's principal financial officer and principal executive officer have concluded that those disclosure controls and procedures provide reasonable assurance that the material information required to be disclosed by the registrant on this report is recorded, processed, summarized and reported within the time periods specified in the Securities and Exchange Commission's rules and forms. (b) There were no changes in the registrant's internal control over financial reporting that occurred during the registrant's last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits. Separate certification for the Registrant's principal executive officer and principal financial officer as required by Rule 30a-2(a) under the Investment Company Act of 1940. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. (Registrant) AXP STOCK SERIES, INC. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date March 1, 2006 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By /s/ Paula R. Meyer ------------------ Paula R. Meyer President and Principal Executive Officer Date March 1, 2006 By /s/ Jeffrey P. Fox ------------------ Jeffrey P. Fox Treasurer and Principal Financial Officer Date March 1, 2006 EX-99.CERT 2 stock_ex99cert.txt CERTIFICATION PURSUANT TO 270.30A-2 OF THE INVESTMENT COMPANY ACT OF 1940 Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Paula Meyer, certify that: 1. I have reviewed this report on Form N-Q of AXP Stock Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 14, 2006 /s/ Paula R. Meyer --------------------- Name: Paula R. Meyer Title: President and Chief Executive Officer Certification Pursuant to 270.30a-2 of the Investment Company Act of 1940 I, Jeffrey Fox, certify that: 1. I have reviewed this report on Form N-Q of AXP Stock Series, Inc.; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedule of investments included in this report, fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principals; c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures as of a date within 90 days prior to the filing date of this report based on such evaluation and d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer and I have disclosed, to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: February 14, 2006 /s/ Jeffrey P. Fox --------------------- Name: Jeffrey P. Fox Title: Treasurer and Chief Financial Officer -----END PRIVACY-ENHANCED MESSAGE-----