-----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, QOKlxWOO3i8/ae1Jc5Fb95x+J+v5QVftdcHKvGOmxz1ieSxeJtasYi+ugm3SmpmG voIKhJQAngFH0QSmKFNB0Q== 0000820027-99-000486.txt : 19990702 0000820027-99-000486.hdr.sgml : 19990702 ACCESSION NUMBER: 0000820027-99-000486 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990701 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MANAGED RETIREMENT FUND INC CENTRAL INDEX KEY: 0000755221 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-93801 FILM NUMBER: 99657507 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH ST STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MONEY MARKET SERIES INC CENTRAL INDEX KEY: 0000049698 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411254759 STATE OF INCORPORATION: MN FISCAL YEAR END: 0731 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-54516 FILM NUMBER: 99657508 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPLOS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: IDS CASH MANAGEMENT FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS NEW DIMENSIONS FUND INC CENTRAL INDEX KEY: 0000049717 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410940846 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-28529 FILM NUMBER: 99657509 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS PROGRESSIVE FUND INC CENTRAL INDEX KEY: 0000049722 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 410940847 STATE OF INCORPORATION: MN FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-30059 FILM NUMBER: 99657510 BUSINESS ADDRESS: STREET 1: 80 S 8TH ST STREET 2: T33/52 IDS TOWER 10 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 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: 497 SEC ACT: SEC FILE NUMBER: 002-10700 FILM NUMBER: 99657511 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 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: SEC FILE NUMBER: 002-11358 FILM NUMBER: 99657512 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH ST 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS TAX EXEMPT BOND FUND INC CENTRAL INDEX KEY: 0000202159 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] IRS NUMBER: 411284051 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-57328 FILM NUMBER: 99657513 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712772 FORMER COMPANY: FORMER CONFORMED NAME: IDS MUNICIPAL BOND FUND INC DATE OF NAME CHANGE: 19770201 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS STRATEGY FUND INC CENTRAL INDEX KEY: 0000740146 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-89288 FILM NUMBER: 99657514 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS PRECIOUS METALS FUND INC CENTRAL INDEX KEY: 0000755222 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 002-93745 FILM NUMBER: 99657515 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS MARKET ADVANTAGE SERIES INC CENTRAL INDEX KEY: 0000854669 STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000] STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 033-30770 FILM NUMBER: 99657516 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: IDS INDEX ADVANTAGE SERIES INC DATE OF NAME CHANGE: 19900201 497 1 PROSPECTUS SUPPLEMENT
Prospectus Supplement July 1, 1999* - ---------------------------------------------------------------------------------------------------------------------------------- Date Prosp# (MM/YY Fund Name Printed) Retail Funds: IDS Blue Chip Advantage Fund 4/1/99 S-6025 M (3/99) IDS Bond Fund 10/30/98 S-6495 M (10/98) IDS California Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Cash Management Fund 9/29/98 S-6320 M (9/98) IDS Discovery Fund 9/29/98 S-6457 M (9/98) IDS Diversified Equity Income Fund 11/27/98 S-6475 M (11/98) IDS Emerging Markets Fund 12/30/98 S-6354 D (12/98) IDS Equity Select Fund 1/29/99 S-6426 N (1/99) IDS Equity Value Fund 5/28/99 S-6382 G (5/99) IDS Extra Income Fund 7/30/98 S-6370 M (7/98) IDS Federal Income Fund 7/30/98 S-6042 N (7/98) IDS Global Balanced Fund 12/30/98 S-6352 C (12/98) IDS Global Bond Fund 12/30/98 S-6309 M (12/98) IDS Global Growth Fund 12/30/98 S-6334 M (12/98) IDS Growth Fund 9/29/98 S-6455 N (9/98) IDS High Yield Tax-Exempt Fund 1/29/99 S-6430 N (1/99) IDS Insured Tax-Exempt Fund 8/28/98 S-6327 M (8/98) IDS Intermediate Tax-Exempt Fund 1/29/99 S-6353 D (1/99) IDS International Fund 12/30/98 S-6140 M (12/98) IDS Managed Allocation Fund 11/27/98 S-6141 N (11/98) IDS Massachusetts Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Michigan Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Minnesota Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Mutual 11/27/98 S-6326 N (11/98) IDS New Dimensions Fund 9/29/98 S-6440 M (9/98) IDS New York Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Ohio Tax-Exempt Fund 8/28/98 S-6328 M (8/98) IDS Precious Metals Fund 5/28/99 S-6142 N (5/99) IDS Progressive Fund 11/27/98 S-6449 M (11/98) IDS Research Opportunities Fund 9/29/98 S-6356 D (9/98) IDS Selective Fund 7/30/98 S-6376 N (7/98) IDS Small Company Index Fund 4/1/99 S-6357 E (3/99) IDS Stock Fund 11/27/98 S-6351 N (11/98) IDS Strategy Aggressive Fund 5/28/99 S-6381 G (5/99) IDS Tax-Exempt Bond Fund 1/29/99 S-6310 N (1/99) IDS Tax-Free Money Fund 3/1/99 S-6433 M (2/99) IDS Utilities Income Fund 8/28/98 S-6341 M (8/98)
SHAREHOLDER MEETINGS At the recent regular meetings, shareholders of the funds listed above approved the following proposals: 1. Change the Fund Name from IDS to AXP. Shareholders of all funds approved the name change from IDS to AXP. AXP is an abbreviated form of the name of the funds investment manager, American Express Financial Corporation. For example, IDS New Dimensions Fund changed to AXP New Dimensions Fund. 2. New Distribution Plan. For Class A, shareholders approved a proposal to change the existing shareholder service agreement to a distribution plan (also known as a 12b-1 plan) and increase the fee from 0.175% to 0.25% of average daily net assets. For Class B, shareholders approved a proposal to convert the existing shareholder service agreement to a distribution plan. In combination with the existing distribution plan of 0.75%, this will increase the combined fee from 0.925% to 1.0% of average daily net assets. Amounts paid under the distribution plan will be used for service and education as well as for advertising materials and programs designed to increase Fund sales. 3. Investment Management Services Agreement. As shown in the following table, five funds voted on a fee increase. Four of those five funds voted on the addition of breakpoints that reduce fee rates as the funds assets grow. In addition, 11 funds voted on adding or changing a performance incentive adjustment. Under a performance incentive adjustment, the management fee is calculated as shown in the prospectus or the statement of additional information. The fee is then adjusted for performance. The funds performance is compared to the performance of a Lipper Index of similar funds. If the fund performs better than the index, the fee will increase. If the fund performs worse than the index, the fee will decrease. The maximum increase or decrease is shown in the table.
Management Fee Changes - -------------------------------- ----------------------- ------------------------------------------------------ Performance Fee Fund Incentive (Annual rate; in billions) Adjustment - -------------------------------- ----------------------- ------------------------------------------------------ - -------------------------------- ----------------------- --------------------------- -------------------------- Index/maximum Old New adjustment - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Blue Chip Lipper Growth and First $.25 - .44% First $.25 - .54% Income Fund Index next $.25 - .415% next $.25 - .515% (maximum next $.25 - .39% next $.25 - .49% adjustment of .08%) next $.25 - .365% next $.25 - .465% over $1 - .34% next $1 - .44% next $1 - .41% next $3 - .38% over $6 - .35% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Cash Management NA First $1 - .31% First $1 - .36% Tax-Free Money next $.5 - .293% next $.5 - .343% next $.5 - .275% next $.5 - .325% next $.5 - .258% next $.5 - .308% over $2.5 - .24% next $1 - .29% next $3 - .27% over $6.5 - .25% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Diversified Equity Income Lipper Equity * Income Fund Index (.08%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Emerging Markets Lipper Emerging * Markets Fund Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Equity Select Lipper Growth Fund First $.5 - .53% First $1 - .60% Index (.12%) next $.5 - .505% next $1 - .575% next $1 - .48% next $1 - .55% next $1 - .455% next $3 - .525% next $3 - .43% next $6 - .50% over $6 - .40% next $12 - .49% over $24 - .48% - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Equity Value Lipper Growth and * Income Fund Index (.08%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Global Balanced Lipper Global Fund * Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Global Growth Lipper Global Fund * Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Research Opportunities Lipper Growth Fund * Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Small Company Index Lipper Small Cap * Fund Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Strategy Aggressive Lipper Capital * Appreciation Fund Index (.12%) - -------------------------------- ----------------------- --------------------------- -------------------------- - -------------------------------- ----------------------- --------------------------- -------------------------- Utilities Income Lipper Utility First $.5 - .53% First $0.5 - .61% Fund Index(.08%) next $.5 - .505% next $0.5 - .585% next $1 - .48% next $1 - .56% next $1 - .455% next $1 - .535% next $3 - .43% next $3 - .51% over $6 - .40% over $6 - .48% - -------------------------------- ----------------------- --------------------------- -------------------------- * The fee schedule will not change.
4. Fundamental Policies. Shareholders voted to eliminate or modify a number of policies including those regarding potential conflicts of interest; issuing senior securities; transactions with affiliates; investing in other investment companies; pledging or mortgaging assets; investing in issuers with less than 3 years of operating history; investing in exploration or development programs; and investing for purposes of exercising control or management. 5. New Subadvisory Agreement. Shareholders of Managed Allocation and Strategy Aggressive approved a subadvisory agreement with Kenwood Capital Management, LLC, a subsidiary of AEFC located at IDS Tower 10, Minneapolis, MN 55440-0010. Kenwood manages the equity portion of Managed Allocation and a portion of Strategy Aggressive. 6. Change in Investment Objective. Shareholders of Equity Select approved a proposal to change the funds investment objective from growth of capital and income to growth of capital. S-6233 A (7/99) *Destroy -next prospectus update -----END PRIVACY-ENHANCED MESSAGE-----