-----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, MZpQoIB6VUQObs6735qp1Qs9Rkvyh5J5+2np2Hkt6PWprplpOr6XiOGF2fhSR4fV b2fKAWZtghuQz0zJszAP2Q== 0000820027-03-000519.txt : 20030729 0000820027-03-000519.hdr.sgml : 20030729 20030729120542 ACCESSION NUMBER: 0000820027-03-000519 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030531 FILED AS OF DATE: 20030729 EFFECTIVENESS DATE: 20030729 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP HIGH YIELD INCOME SERIES INC CENTRAL INDEX KEY: 0000728374 IRS NUMBER: 411458705 STATE OF INCORPORATION: MN FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03848 FILM NUMBER: 03807709 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T33/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET STREET 2: T27/52 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: AXP EXTRA INCOME FUND INC/MN DATE OF NAME CHANGE: 20000825 FORMER COMPANY: FORMER CONFORMED NAME: IDS EXTRA INCOME FUND INC DATE OF NAME CHANGE: 19920703 NSAR-B 1 answer.fil AXP HIGH YIELD INCOME SERIES, INC. PAGE 1 000 B000000 05/31/2003 000 C000000 0000728374 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 U 001 A000000 AXP HIGH YIELD INCOME SERIES, INC. 001 B000000 811-3848 001 C000000 6126713800 002 A000000 200 AXP FINANCIAL CENTER 002 B000000 MINNEAPOLIS 002 C000000 MN 002 D010000 55474 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010100 1 007 C020100 AXP HIGH YIELD BOND FUND 007 C030100 N 007 C010200 2 007 C010300 3 007 C010400 4 007 C010500 5 007 C010600 6 007 C010700 7 007 C010800 8 007 C010900 9 007 C011000 10 018 00AA00 N 019 A00AA00 Y 019 B00AA00 83 019 C00AA00 AMEXPFUNDS 020 C000001 0 020 C000002 0 020 C000003 0 020 C000004 0 020 C000005 0 020 C000006 0 020 C000007 0 020 C000008 0 020 C000009 0 020 C000010 0 021 000000 0 077 A000000 Y 077 B000000 Y PAGE 2 077 C000000 N 077 D000000 N 077 E000000 N 077 F000000 N 077 G000000 N 077 H000000 N 077 I000000 N 077 J000000 N 077 K000000 N 077 L000000 N 077 M000000 N 077 N000000 N 077 O000000 N 077 P000000 N 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 N/A 080 C00AA00 0 081 A00AA00 N 081 B00AA00 0 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 N 085 B00AA00 N 028 A010100 30853 028 A020100 10590 028 A030100 0 028 A040100 47167 028 B010100 41283 028 B020100 10598 028 B030100 0 028 B040100 44001 028 C010100 45152 028 C020100 9330 028 C030100 0 028 C040100 43081 028 D010100 62506 028 D020100 9136 028 D030100 0 028 D040100 46517 028 E010100 87419 028 E020100 8944 028 E030100 0 028 E040100 44031 028 F010100 72150 PAGE 3 028 F020100 9205 028 F030100 0 028 F040100 45543 028 G010100 339363 028 G020100 57803 028 G030100 0 028 G040100 270340 028 H000100 87886 029 000100 Y 030 A000100 2802 030 B000100 4.75 030 C000100 0.00 031 A000100 1336 031 B000100 0 032 000100 0 033 000100 1466 034 000100 Y 035 000100 623 036 A000100 N 036 B000100 0 037 000100 N 038 000100 0 039 000100 N 040 000100 Y 041 000100 Y 042 A000100 0 042 B000100 0 042 C000100 0 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 100 043 000100 10550 044 000100 0 062 A000100 N 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 0.0 062 N000100 0.0 062 O000100 0.0 062 P000100 0.0 PAGE 4 062 Q000100 0.0 062 R000100 0.0 071 A000100 0 071 B000100 0 071 C000100 0 071 D000100 0 072 A000100 12 074 N000100 2445260 074 T000100 2441728 075 A000100 0 075 B000100 2214066 SIGNATURE TITLE This report is signed on behalf of the registrant (or depositor or trustee). City of: Minneapolis State of: Minnesota Date: July 24, 2003 Name of Registrant, Depositor, or Trustee: /s/ Jeffrey P. Fox ------------------ By (Name and Title): Jeffrey P. Fox Treasurer and Chief Financial Officer /s/ Steven A. Turbenson ------------------------- Witness (Name and Title): Steven A. Turbenson Assistant Treasurer AXP High Yield Income Series, Inc. EX-99.77B AUD CON 3 ex99-77b.txt INDEPENDENT AUDITORS' REPORT ON INTERNAL ACCOUNTING CONTROL Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders AXP High Yield Income Series, Inc. (formerly AXP Extra Income Fund, Inc.): In planning and performing our audit of the financial statements of AXP High Yield Bond Fund (formerly AXP Extra Income Fund) (fund within the AXP High Yield Income Series, Inc.) for the year ended May 31, 2003, 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 internal control. The management of AXP High Yield Income Series, 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, error or fraud 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 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 misstatements caused by error or fraud 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 internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above. This report is intended solely for the information and use of management, the Board of Directors of AXP High Yield Income Series, 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. /s/ KPMG LLP - --------------- KPMG LLP Minneapolis, Minnesota July 11, 2003 -----END PRIVACY-ENHANCED MESSAGE-----