-----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, BCvYNDyEfKvs6PidgBqgXcVKGKNNgfx8ha9s0Ul3lYblF6ZCeW2+1gtRCFeUeOYB u0TK6J450u92Q8dvuc+qYg== 0000820027-96-000254.txt : 19960424 0000820027-96-000254.hdr.sgml : 19960424 ACCESSION NUMBER: 0000820027-96-000254 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19960423 SROS: NONE FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS STOCK FUND INC CENTRAL INDEX KEY: 0000052423 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410839317 STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-11358 FILM NUMBER: 96549538 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712727 FORMER COMPANY: FORMER CONFORMED NAME: INVESTORS STOCK FUND INC DATE OF NAME CHANGE: 19831221 497 1 IDS STOCK FUND PROSPECTUS SUPPLEMENT PAGE 1 PROSPECTUS SUPPLEMENT April 22, 1996 IDS Stock Fund, Inc. (Dec. 29, 1995) S-6351 K The cover page has been revised to add: "The Fund will change its organizational structure in May, 1996 and its investments will be managed under a master/feeder arrangement. The investments will not change and they will continue to be managed by the same portfolio manager in the same manner as they are now managed. The reason for the change is to permit American Express Financial Corporation to manage several funds and accounts on a combined basis thereby possibly reducing some costs. The Fund will own units of the Equity Portfolio of the Growth & Income Trust which is an investment company having the same investment objectives, policies and restrictions as the Fund. Except for certain annual and semi-annual financial statements of the Fund that you receive, your investment and all the reports will remain unchanged." The section "Sales charge and Fund expenses" is modified as follows: "...Fund operating expenses are paid out of Fund assets for each class of shares and include expenses charged by both the Fund and the Portfolio...." The fee table is modified as follows: Shareholder transaction expenses Class A Class B Class Y Maximum sales charge on purchases* (as a percentage of offering price) 5% 0% 0% Maximum deferred sales charge imposed on redemptions (as a percentage of original purchase price) Annual Fund operating expenses including amount paid for investment management services** (% of average daily net assets): 0% 5% 0% Class A Class B Class Y Management fee 0.49% 0.49% 0.49% 12b-1 fee 0.00% 0.75% 0.00% Other expenses*** 0.37% 0.37% 0.15% Total**** 0.86% 1.61% 0.64% PAGE 2 * This charge may be reduced depending on your total investments in IDS funds. See "Reductions of the sales charge." ** Expenses for Class A are based on actual expenses for the last fiscal year, restated to reflect current fees. Expenses for Class B and Class Y are based on actual annualized expenses for the period from March 20, 1995 to Oct. 31, 1995. *** Other expenses include an administrative services fee, a shareholder services fee for Class A and Class B, a transfer agency fee and other non-advisory expenses. **** The Board considered whether the aggregate expenses of the Fund and the Portfolio would be more or less than if the Fund invested directly in the type of securities being held by its corresponding Portfolio. American Express Financial Corporation has agreed to pay the small additional costs required to use a master/feeder structure to manage the investment portfolio during the first year of its operation and half of such costs in the second year. These additional costs may be more than offset in subsequent years if the assets being managed increase. The section "Special considerations regarding master/feeder structure" has been revised to add: "Information on other funds investing in the Portfolio may be obtained by contacting American Express Financial Advisors at 1- 800-AXP-SERV." The "Board members and officers" section has been revised to add: "The members of the Board also serve as members of the Board of the Growth and Income Trust which manages the investments of the Fund and other accounts. Should any conflict of interest arise between the interests of the shareholders of the Fund and those of the other accounts, the Board will follow written procedures to address the conflict." S - 6351-22 A (4/96) * Destroy Nov. 29, 1996 -----END PRIVACY-ENHANCED MESSAGE-----