-----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, CB1fwGtYRXTrfC/ZWIwX+cVp1SwQ6FxF1Y+kSaWdmgbw+5VHxdarCt/v64sMBSWK 375qOvJssrYGRS1feEHtrg== 0000820027-02-000088.txt : 20020414 0000820027-02-000088.hdr.sgml : 20020414 ACCESSION NUMBER: 0000820027-02-000088 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20020212 EFFECTIVENESS DATE: 20020212 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP FEDERAL INCOME FUND INC /MN/ CENTRAL INDEX KEY: 0000764802 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-96512 FILM NUMBER: 02536472 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: IDS FEDERAL INCOME FUND INC DATE OF NAME CHANGE: 19920703 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP FEDERAL INCOME FUND INC /MN/ CENTRAL INDEX KEY: 0000764802 STATE OF INCORPORATION: MN FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-04260 FILM NUMBER: 02536473 BUSINESS ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6123722772 MAIL ADDRESS: STREET 1: 80 SOUTH 8TH STREET CITY: MINNEAPOLIS STATE: MN ZIP: 55440 FORMER COMPANY: FORMER CONFORMED NAME: IDS FEDERAL INCOME FUND INC DATE OF NAME CHANGE: 19920703 485BPOS 1 partc.txt AXP U.S. GOVERNMENT MORTGAGE FUND SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form N-1A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Pre-Effective Amendment No. ____ Post-Effective Amendment No. 34 (File No. 2-96512) [X] and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 37 (File No. 811-4260) [X] AXP FEDERAL INCOME FUND, INC. 200 AXP Financial Center Minneapolis, Minnesota 55474 Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268 (612) 330-9283 Approximate Date of Proposed Public Offering: February 14, 2002 It is proposed that this filing will become effective: [ ] immediately upon filing pursuant to paragraph (b) [ X ] on February 12, 2002 pursuant to paragraph (b) [ ] 60 days after filing pursuant to paragraph (a)(1) [ ] on (date) pursuant to paragraph (a)(1) [ ] 75 days after filing pursuant to paragraph (a)(2) [ ] on (date) pursuant to paragraph (a)(2) of Rule 485. If appropriate, check the following box: [ ] this post-effective amendment designates a new effective date for a previously filed post-effective amendment. PART A. AXP U.S. Government Mortgage Fund prospectus filed electronically as Part A on February 1, 2002 to Post-Effective Amendment No. 33 is incorporated by reference. PART B. AXP U.S. Government Mortgage Fund Statement of Additional Information filed electronically as Part B on February 1, 2002 to Post-Effective Amendment No. 33 is incorporated by reference. PART C. OTHER INFORMATION Item 23. Exhibits (a)(1) Articles of Incorporation, as amended October 17, 1988, filed as Exhibit 1 to Registrant's Post-Effective Amendment No. 7 to Registration Statement No. 2-96512, are incorporated by reference. (a)(2) Articles of Amendment to the Articles of Incorporation dated June 16, 1999, filed as Exhibit (a)(2) to Registrant's Post-Effective Amendment No. 31 is incorporated by reference. (b) By-laws, as amended January 11, 2001 filed as Exhibit (b) to Registrant's Post-Effective Amendment No. 31 is incorporated by reference. (c) Stock Certificate for common stock, filed as Exhibit No. 4 to Registration Statement No. 2-96512, is incorporated by reference. (d)(1) Investment Management Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, filed electronically as Exhibit 5 to Registrant's Post-Effective Amendment No. 19 to Registration Statement No. 2-96512, is incorporated by reference. The agreement was assumed by the Portfolio when the Fund adopted the master/feeder structure. (d)(2) Investment Management Services Agreement between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Corporation dated Jan. 10, 2002, filed as Exhibit (d)(2) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (e)(1) Distribution Agreement, dated July 8, 1999, between AXP Utilities Income Fund, Inc. and American Express Financial Advisors Inc. is incorporated by reference to Exhibit (e) to AXP Utilities Income Fund, Inc. Post-Effective Amendment No. 22, to Registration Statement File No. 33-20872 filed on or about August 27, 1999. Registrant's Distribution Agreement differs from the one incorporated by reference only by the fact that Registrant is one executing party. (e)(2) Distribution Agreement between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Advisors Inc. dated Jan. 10, 2002, filed as Exhibit (e)(2) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (f) All employees are eligible to participate in a profit sharing plan. Entry into the plan is Jan. 1 or July 1. The Registrant contributes each year an amount up to 15 percent of their annual salaries, the maximum deductible amount permitted under Section 404(a) of the Internal Revenue Code. (g)(1) Custodian Agreement between Registrant and American Express Trust Company, dated March 20, 1995, is incorporated by reference to Exhibit 8(a) to Registrant's Post-Effective Amendment No. 26 filed on or about July 30, 1998. (g)(2) Addendum to Custodian Agreement between IDS Federal Income Fund, Inc., American Express Trust Company and American Express Financial Corporation, dated June 10, 1996, filed electronically as Exhibit 8(c) to Registrant's Post-Effective Amendment No. 24 to Registration Statement No. 2-96512, is incorporated by reference. (g)(3) Custodian Agreement Amendment between IDS International Fund, Inc. and American Express Trust Company, dated October 9, 1997, filed electronically on or about December 23, 1997 as Exhibit 8(c) to IDS International Fund, Inc.'s Post-Effective Amendment No. 26 to Registration Statement No. 2-92309, is incorporated by reference. Registrant's Custodian Agreement Amendment differs from the one incorporated by reference only by the fact that Registrant is one executing party. (g)(4) Custodian Agreement between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Trust Company dated Jan. 10, 2002, filed electronically as Exhibit (g)(4) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (h)(1) Administrative Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, is incorporated by reference to Exhibit 9(e) to Registrant's Post-Effective Amendment No. 26 filed on or about July 30, 1998. (h)(2) License Agreement between Registrant and IDS Financial Corporation, dated January 25, 1988, filed as Exhibit 9(b) to Post-Effective Amendment No. 7 to Registration Statement No. 2-96512, is incorporated by reference. (h)(3) License Agreement, dated June 17, 1999, between American Express Funds and American Express Company filed electronically on or about Sept. 23, 1999 as Exhibit (h)(4) to AXP Stock Fund, Inc.'s Post-Effective Amendment No. 98 to Registration Statement No. 2-11358, is incorporated by reference. (h)(4) Agreement and Plan of Reorganization, dated Sept. 8, 1994, between IDS Strategy Fund, Inc, and IDS Federal Income Fund, Inc., filed electronically as Exhibit 4 to Registrant's Pre-Effective Amendment No. 1, on Form N-14, is incorporated by reference. (h)(5) Agreement and Plan of Reorganization, dated March 10, 2000, between Strategist Income Fund, Inc. on behalf of Strategist Government Income Fund and AXP Federal Income Fund, Inc. is incorporated by reference to Exhibit (h)(8) to Registrant's Post- Effective Amendment No. 30 filed on or about July 28, 2000. (h)(6) Class Y Shareholder Service Agreement between IDS Precious Metals Fund, Inc. and American Express Financial Advisors Inc., dated May 9, 1997, filed electronically on or about May 27, 1997 as Exhibit 9(e) to IDS Precious Metals Fund, Inc.'s Post-Effective Amendment No. 30 to Registration Statement No. 2-93745, is incorporated by reference. Registrant's Class Y Shareholder Service Agreement differs from the one incorporated by reference only by the fact that Registrant is one executing party. (h)(7) Transfer Agency Agreement dated May 10, 2001 between Registrant and American Express Client Service Corporation filed as Exhibit (h)(7) to Post-Effective Amendment No. 31 to Registration Statement No. 2-96512 is incorporated by reference. (h)(8) Administrative Services Agreement between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Corporation, dated Jan. 10, 2002, filed as Exhibit (h)(8) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (h)(9) Class Y Shareholder Service Agreement between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Advisors Inc. dated Jan. 10, 2002, filed as Exhibit (h)(9) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (h)(10) Transfer Agency Agreement between Registrant, on behalf of AXP US Government Mortgage Fund, and American Express Client Service Corporation dated Jan. 10, 2002, filed as Exhibit (h)(10) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (i) Opinion and consent of counsel is filed electronically herewith as Exhibit (i). (j) Independent Auditors' Consent: Not Applicable (k) Omitted Financial Statements: Not Applicable (l) Letter of IDS Financial Services Inc. as sole shareholder, filed as Exhibit No. 13 to Pre-Effective Amendment No. 2 to Registration Statement No. 2-96512, is incorporated by reference. (m)(1) Plan and Agreement of Distribution dated July 1, 1999 between AXP Discovery Fund, Inc. and American Express Financial Advisors Inc. is incorporated by reference to Exhibit (m) to AXP Discovery Fund, Inc. Post-Effective Amendment No. 36 to Registration Statement File No. 2-72174 filed on or about July 30, 1999. Registrant's Plan and Agreement of Distribution differs from the one incorporated by reference only by the fact that Registrant is one executing party. (m)(2) Plan and Agreement of Distribution For Class C Shares dated March 9, 2000 between AXP Bond Fund, Inc. and American Express Financial Advisors Inc. is incorporated by reference to Exhibit (m)(2) to AXP Bond Fund, Inc.'s Post-Effective Amendment No. 51 to Registration Statement File No. 2-51586 filed on or about June 26, 2000. Registrant's Plan and Agreement of Distribution for Class C Shares differs from the one incorporated by reference only by the fact that Registrant is one executing party. (m)(3) Plan and Agreement of Distribution between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Advisors Inc. dated Jan. 10, 2002, filed as Exhibit (m)(3) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (m)(4) Plan and Agreement of Distribution For Class C Shares between Registrant, on behalf of AXP U.S. Government Mortgage Fund, and American Express Financial Advisors Inc. dated Jan. 10, 2002, filed as Exhibit (m)(4) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (n) Rule 18f-3 Plan, dated March 9, 2000, is incorporated by reference to Exhibit (n) to AXP Bond Fund Inc.'s Post-Effective Amendment No. 51 to Registration Statement File No. 2-51586 filed on or about June 26, 2000. (o) Reserved. (p)(1) Code of Ethics adopted under Rule 17j-1 for Registrant filed electronically on or about March 30, 2000 as Exhibit (p)(1) to AXP Market Advantage Series, Inc.'s Post-Effective Amendment No. 24 to Registration Statement No. 33-30770 is incorporated by reference. (p)(2) Code of Ethics adopted under Rule 17j-1 for Registrant's investment advisor and principal underwriter filed electronically on or about March 30, 2000 as Exhibit (p)(1) to AXP Market Advantage Series, Inc.'s Post-Effective Amendment No. 24 to Registration Statement No. 33-30770 is incorporated by reference. (q)(1) Directors' Power of Attorney to sign Amendments to this Registration Statement, dated Jan. 9, 2002, filed as Exhibit (q)(1) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (q)(2) Officers' Power of Attorney to sign Amendments to this Registration Statement, dated Jan. 9, 2002, filed as Exhibit (q)(2) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (q)(3) Trustees' Power of Attorney, dated Jan. 9, 2002, filed as Exhibit (q)(3) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. (q)(4) Officers' Power of Attorney, dated Jan. 9, 2002, filed as Exhibit (q)(4) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference. Item 24. Persons Controlled by or Under Common Control with Registrant None. Item 25. Indemnification The Articles of Incorporation of the registrant provide that the Fund shall indemnify any person who was or is a party or is threatened to be made a party, by reason of the fact that she or he is or was a director, officer, employee or agent of the Fund, or is or was serving at the request of the Fund as a director, officer, employee or agent of another company, partnership, joint venture, trust or other enterprise, to any threatened, pending or completed action, suit or proceeding, wherever brought, and the Fund may purchase liability insurance and advance legal expenses, all to the fullest extent permitted by the laws of the State of Minnesota, as now existing or hereafter amended. The By-laws of the registrant provide that present or former directors or officers of the Fund made or threatened to be made a party to or involved (including as a witness) in an actual or threatened action, suit or proceeding shall be indemnified by the Fund to the full extent authorized by the Minnesota Business Corporation Act, all as more fully set forth in the By-laws filed as an exhibit to this registration statement. Insofar as indemnification for liability arising under the Securities Act of 1933 may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue. Any indemnification hereunder shall not be exclusive of any other rights of indemnification to which the directors, officers, employees or agents might otherwise be entitled. No indemnification shall be made in violation of the Investment Company Act of 1940.
Item 26. Business and Other Connections of Investment Adviser (American Express Financial Corporation) Directors and officers of American Express Financial Corporation who are directors and/or officers of one or more other companies: Name and Title Other company(s) Address Title within other company(s) - ------------------------- ----------------------- ------------------------- ----------------------- Ruediger Adolf American Express Financial 70100 AXP Financial Center Senior Vice President Senior Vice President Advisors Inc. Minneapolis, MN 55474 Gumer C. Alvero American Centurion Life 20 Madison Ave. Extension Director Vice President - Variable Assurance Company P.O. Box 5555 Annuities Albany, NY 12205-0555 American Enterprise Life 829 AXP Financial Center Director and Chairman of the Board Insurance Company Minneapolis, MN 55474 American Express Financial 70100 AXP Financial Center Vice President - Annuities Advisors Inc. Minneapolis, MN 55474 American Partners Life 1751 AXP Financial Center Director, President Insurance Company Minneapolis MN 55474 and Chief Executive Officer IDS Life Insurance Company 70100 AXP Financial Center Director and Executive Vice President - Minneapolis, MN 55474 Assured Assets IDS Life Insurance Company P.O. Box 5144 Director of New York Albany, NY 12205 IDS Life Series Fund, Inc. Director, Chairman of the Board, President and Chief Executive Officer IDS Life Variable Annuity Manager, Chairman of the Board, Funds A & B President and Chief Executive Officer Ward D. Armstrong American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Retirement Services Retirement Services American Express Service Vice President - Workplace Corporation Financial Services American Express Trust Director and Chairman of Company the Board John M. Baker American Express Financial 70100 AXP Financial Center Vice President - Plan Vice President - Plan Sponsor Advisors Inc. Minneapolis, MN 55474 Sponsor Services Services American Express Trust Senior Vice President Company Dudley Barksdale American Express Financial 70100 AXP Financial Center Vice President - Service Vice President - Service Advisors Inc. Minneapolis, MN 55474 Development Development Joseph M. Barsky III American Express Financial 70100 AXP Financial Center Vice President - Mutual Vice President - Mutual Fund Advisors Inc. Minneapolis, MN 55474 Fund Equities Equities Timothy V. Bechtold American Centurion Life 20 Madison Ave. Extension Director and President Vice President - Risk Assurance Company P.O. Box 5555 Management Products Albany, NY 12205-0555 American Express Financial 70100 AXP Financial Center Vice President - Risk Advisors Inc. Minneapolis, MN 55474 Management Products American Express Insurance Director, President and Chief Agency of Alabama Inc. Executive Officer American Express Insurance Director, President and Chief Agency of Arizona Inc. Executive Officer American Express Insurance Director, President and Chief Agency of Idaho Inc. Executive Officer American Express Insurance Director and President Agency of Indiana Inc. American Express Insurance Director, President and Chief Agency of Massachusetts Inc. Executive Officer American Express Insurance Director, President and Chief Agency of Nevada Inc. Executive Officer American Express Insurance Director, President and Chief Agency of New Mexico Inc. Executive Officer American Express Insurance Director and President Agency of Oklahoma Inc. American Express Insurance Director, President and Chief Agency of Oregon Inc. Executive Officer American Express Insurance Director, President and Chief Agency of Wyoming Inc. Executive Officer American Partners Life Director and Chairman of the Board Insurance Company IDS Insurance Agency of Director, President and Chief Arkansas Inc. Executive Officer IDS Insurance Agency of Director, President and Chief Ohio Inc. Executive Officer IDS Life Insurance Company 70100 AXP Financial Center Director and President Minneapolis, MN 55474 IDS Life Insurance Company P.O. Box 5144 Director, President and Chief of New York Albany, NY 12205 Executive Officer IDS Life Series Fund, Inc. 70100 AXP Financial Center Director Minneapolis, MN 55474 IDS Life Variable Annuity 70100 AXP Financial Center Manager Funds A & B Minneapolis, MN 55474 Walter S. Berman American Express Financial 70100 AXP Financial Center Director, Senior Vice President Director, Senior Vice President Advisors Inc. Minneapolis, MN 55474 and Chief Financial Officer and Chief Financial Officer Douglas W. Brewers American Express Financial 70100 AXP Financial Center Vice President - Sales Vice President - Sales Support Advisors Inc. Minneapolis, MN 55474 Support Mike Burton American Express Financial 70100 AXP Financial Center Vice President - Compliance Vice President - Compliance Advisors Inc. Minneapolis, MN 55474 Kenneth I. Chenaut American Express Company American Express Tower President and Chief Director World Financial Center Operating Officer New York, NY 10285 Kenneth J. Ciak AMEX Assurance Company 70100 AXP Financial Center Director, President and Chief Vice President and General Minneapolis, MN 55474 Executive Officer Manager - IDS Property Casualty American Express Financial 70100 AXP Financial Center Vice President and General Advisors Inc. Minneapolis, MN 55474 Manager - IDS Property Casualty American Express Property Director, President and Chief Casualty Insurance Agency Executive Officer of Kentucky Inc. American Express Property Director, President and Chief Casualty Insurance Agency Executive Officer of Maryland Inc. American Express Property Director, President and Chief Casualty Insurance Agency Executive Officer of Pennsylvania Inc. IDS Property Casualty 1 WEG Blvd. Director and President Insurance Company DePere, WI 54115 Paul A. Connolly American Express Financial 70100 AXP Financial Center Vice President - Relationship Leader Vice President - Retail Advisors Inc. Minneapolis, MN 55474 Retail Distribution Services Distribution Services James M. Cracchiolo American Express Financial 70100 AXP Financial Center Director, Chairman, President and Director, Chairman of Advisors Inc. Minneapolis, MN 55474 Chief Executive Officer the Board, President and Chief Executive Officer Colleen Curran American Express Financial 70100 AXP Financial Center Vice President and Vice President and Assistant Advisors Inc. Minneapolis, MN 55474 Assistant General Counsel General Counsel American Express Financial Executive Representative Advisors Japan Inc. American Express Service Vice President and Chief Corporation Legal Counsel Luz Maria Davis American Express Financial 70100 AXP Financial Center Vice President - Vice President - Advisors Inc. Minneapolis, MN 55474 Communications Communications Gordon M. Fines American Express Asset 70100 AXP Financial Center Senior Vice President and Vice President - Mutual Fund Management Group Inc. Minneapolis, MN 55474 Chief Investment Officer Equity Investments American Express Financial 70100 AXP Financial Center Vice President - Mutual Advisors Inc. Minneapolis, MN 55474 Fund Equity Investments Peter A. Gallus American Express Financial 70100 AXP Financial Center Vice President - Vice President - Investment Advisors Inc. Minneapolis, MN 55474 Investment Administration Administration American Express Financial 70100 AXP Financial Center Vice President and Chief Advisors Japan Inc. Minneapolis, MN 55474 Financial Officer IDS Capital Holdings, Inc. Vice President and Controller Derek M. Gledhill American Express Financial 70100 AXP Financial Center Vice President - Vice President - Integrated Advisors Inc. Minneapolis, MN 55474 Integrated Financial Financial Services Field Services Field Implementation Implementation Teresa A. Hanratty American Express Financial 70100 AXP Financial Center Senior Vice Senior Vice President - Advisors Inc. Minneapolis, MN 55474 President - Field Management Field Management Lorraine R. Hart AMEX Assurance Company 70100 AXP Financial Center Vice President - Vice President - Insurance Minneapolis, MN 55474 Investments Investments American Centurion Life 20 Madison Ave. Extension Vice President Assurance Company P.O. Box 5555 Albany, NY 12205-0555 American Enterprise Life 829 AXP Financial Center Vice President Insurance Company Minneapolis, MN 55474 American Express Director, President and Chief Corporation Executive Officer American Express Financial 70100 AXP Financial Center Vice President - Insurance Advisors Inc. Minneapolis, MN 55474 Investments American Partners Life 1751 AXP Financial Center Director and Vice Insurance Company Minneapolis, MN 55474 President American Express Certificate Vice President - Investments Company IDS Life Insurance Company 70100 AXP Financial Center Vice President - Investments Minneapolis, MN 55474 IDS Life Series Fund, Inc. 70100 AXP Financial Center Vice President - Investments Minneapolis, MN 55474 IDS Life Variable Annuity 70100 AXP Financial Center Vice President - Investments Funds A and B Minneapolis, MN 55474 Investors Syndicate Director and Vice Development Corp. President - Investments IDS Life Insurance Company P.O. Box 5144 Vice President of New York Albany, NY 12205 IDS Property Casualty 1 WEG Blvd. Vice President - Investment Officer Insurance Company DePere, WI 54115 Janis K. Heaney American Express Financial 70100 AXP Financial Center Vice President - Incentive Vice President - Incentive Advisors Inc. Minneapolis, MN 55474 Management Management Brian M. Heath American Express Financial 70100 AXP Financial Center Senior Vice President and Senior Vice President Advisors Inc. Minneapolis, MN 55474 General Sales Manager and General Sales Manager Carol A. Holton American Centurion Life 20 Madison Ave. Extension Director Vice President - Third Party Assurance Company Albany, NY 12205-0555 Distribution American Express Financial 70100 AXP Financial Center Vice President - Third Advisors Inc. Minneapolis, MN 55474 Party Distribution American Enterprise Life 829 AXP Financial Center Director, President and Insurance Company Minneapolis, MN 55474 Chief Executive Officer IDS Life Insurance Company 20 Madison Ave. Extension Director of New York P.O. Box 5555 Albany, NY 12205-0555 Darryl G. Horsman American Express Trust 70100 AXP Financial Center Director, President and Chief Vice President - Product Company Minneapolis, MN 55474 Executive Officer Development and Technology, American Express Retirement American Express Asset Vice President Services Management International Inc. Claire Huang American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Retail Marketing Retail Marketing Debra A. Hutchinson American Express Financial 70100 AXP Financial Center Vice President - Vice President - Relationship Advisors Inc. Minneapolis, MN 55474 Relationship Leader Leader James M. Jensen American Express Financial 70100 AXP Financial Center Vice President - Advice Vice President - Advice and Advisors Inc. Minneapolis, MN 55474 and Retail Distribution Retail Distribution Group, Group, Product, Product, Compensation and Compensation and Field Field Administration Administration Greg Johnson American Express Financial 70100 AXP Financial Center Vice President - Advisory Vice President - Advisory Advisors Inc. Minneapolis, MN 55474 Planning and Analysis Planning and Analysis Nancy E. Jones American Express Financial 70100 AXP Financial Center Vice President - Business Vice President - Business Advisors Inc. Minneapolis, MN 55474 Development Development American Express Service Vice President - Business Corporation Development John C. Junek American Express Financial 70100 AXP Financial Center Senior Vice President and Senior Vice President Advisors Inc. Minneapolis, MN 55474 General Counsel and General Counsel American Express Financial 70100 AXP Financial Center Vice President Advisors Japan Inc. Minneapolis, MN 55474 American Express Insurance Director and Vice President Agency of Alabama Inc. American Express Insurance Director and Vice President Agency of Arizona Inc. American Express Insurance Director and Vice President Agency of Idaho Inc. American Express Insurance Director and Vice President Agency of Indiana Inc. American Express Insurance Director and Vice President Agency of Massachusetts Inc. American Express Insurance Director and Vice President Agency of Nevada Inc. American Express Insurance Director and Vice President Agency of New Mexico Inc. American Express Insurance Director and Vice President Agency of Oklahoma Inc. American Express Insurance Director and Vice President Agency of Oregon Inc. American Express Insurance Director and Vice President Agency of Wyoming Inc. American Express Property Director and Vice President Casualty Insurance Agency of Kentucky Inc. American Express Property Director and Vice President Casualty Insurance Agency of Maryland Inc. American Express Property Director and Vice President Casualty Insurance Agency of Pennsylvania Inc. IDS Insurance Agency of Director and Vice President Arkansas Inc. IDS Insurance Agency of Director and Vice President Ohio Inc. IDS Real Estate Vice President Services, Inc. Investors Syndicate Director Development Corp. Ora J. Kaine American Express Financial 70100 AXP Financial Center Vice President - Retail Vice President - Retail Advisors Inc. Minneapolis, MN 55474 Distribution Services and Distribution Services and Chief of Staff Chief of Staff John M. Knight American Express Financial 70100 AXP Financial Center Vice President - Vice President - Investment Advisors Minneapolis, MN 55474 Investment Accounting Accounting Claire Kolmodin American Express Financial 70100 AXP Financial Center Vice President - Service Vice President - Service Advisors Inc. Minneapolis, MN 55474 Quality Quality Bruce G. Lamo American Express Financial 70100 AXP Financial Center Vice President - Vice President - Advisors Inc. Minneapolis, MN 55474 Institutional Products Institutional Products Lori J. Larson American Express Financial 70100 AXP Financial Center Vice President - Brokerage Vice President - Brokerage Advisors Inc. Minneapolis, MN 55474 and Direct Services and Direct Services Daniel E. Laufenberg American Express Financial 70100 AXP Financial Center Vice President and Chief Vice President and Chief Advisors Inc. Minneapolis, MN 55474 U.S. Economist U.S. Economist David C. Laurent American Express Financial 70100 AXP Financial Center Vice President - Compliance Vice President - Compliance Advisors Inc. Minneapolis, MN 55474 Shared Services Shared Services Jane W. Lee American Express Financial 70100 AXP Financial Center Vice President - New Vice President - New Business Advisors Inc. Minneapolis, MN 55474 Business Development and Development and Marketing Marketing Steve Lobo American Express Financial 70100 AXP Financial Center Vice President - Investment Vice President - Investment Advisors Inc. Minneapolis, MN 55474 Risk Products Risk Management Advisory Capital 70100 AXP Financial Center Vice President and Treasurer Partners LLC Minneapolis, MN 55474 Advisory Capital Strategies 70100 AXP Financial Center Vice President and Treasurer Group Inc. Minneapolis, MN 55474 Diane D. Lyngstad American Express Financial 70100 AXP Financial Center Vice President - Lead Vice President - Lead Advisors Inc. Minneapolis, MN 55474 Financial Officer, Financial Officer, U.S. Retail U.S. Retail Tom Mahowald American Express Financial 70100 AXP Financial Center Vice President and Director of Vice President and Director of Advisors Inc. Minneapolis, MN 55474 Equity Research Equity Research Timothy J. Masek American Express Financial 70100 AXP Financial Center Vice President and Director Vice President and Director Advisors Inc. Minneapolis, MN 55474 of Fixed Income Research of Fixed Income Research Penny Mazal American Express Financial 70100 AXP Financial Center Vice President - Business Vice President - Business Advisors Inc. Minneapolis, MN 55474 Transformation Transformation Sarah M. McKenzie American Express Financial 70100 AXP Financial Center Vice President - Vice President - Advisors Inc. Minneapolis, MN 55474 Wrap and Trust Products Wrap and Trust Products American Express Personal Director Trust Services, FSB Paula R. Meyer American Express Financial 70100 AXP Financial Center Vice President - Mutual Vice President - Mutual Funds Advisors Inc. Minneapolis, MN 55474 Funds American Express Certificate Director, President and Chief Company Executive Officer Investors Syndicate Director, President and Chief Development Corp. Executive Officer Barry J. Murphy American Express Client 70100 AXP Financial Center Director, Chairman, President Executive Vice President - Service Corporation Minneapolis, MN 55474 and Chief Executive Officer U.S. Retail Group American Express Financial 70100 AXP Financial Center Executive Vice President - Advisors Inc. Minneapolis, MN 55474 U.S. Retail Group IDS Life Insurance Company 70100 AXP Financial Center Director Minneapolis, MN 55474 Francois B. Odouard American Express Financial 70100 AXP Financial Center Vice President Vice President Advisors Inc. Minneapolis, MN 55474 Michael J. O'Keefe American Express Financial 70100 AXP Financial Center Vice President - Advisory Vice President - Advisory Advisors Inc. Minneapolis, MN 55474 Business Systems Business Systems Carla P. Pavone American Express Financial 70100 AXP Financial Center Vice President - Vice President - Product Advisors Inc. Minneapolis, MN 55474 Business Development Business Development Kris Petersen American Express Financial 70100 AXP Financial Center Vice President - Vice President - Advisors Inc. Minneapolis, MN 55474 Non-proprietary Products Non-proprietary Products IDS Cable Corporation Director, President and Chief Executive Officer IDS Cable II Corporation Director, President and Chief Executive Officer IDS Futures Corporation Director and President IDS Management Corporation Director, President and Chief Executive Officer IDS Partnership Services Director, President and Chief Corporation Executive Officer IDS Realty Corporation Director, President and Chief Executive Officer Ronald W. Powell American Express Financial 70100 AXP Financial Center Vice President and Vice President and Assistant Advisors Inc. Minneapolis, MN 55474 Assistant General Counsel General Counsel IDS Cable Corporation Vice President and Assistant Secretary IDS Cable II Corporation Vice President and Assistant Secretary IDS Management Corporation Vice President and Assistant Secretary IDS Partnership Services Vice President and Corporation Assistant Secretary IDS Realty Corporation Vice President and Assistant Secretary Teresa J. Rasmussen American Express Financial 70100 AXP Financial Center Vice President and Vice President and Assistant Advisors Inc. Minneapolis, MN 55474 Assistant General Counsel General Counsel American Enterprise Life 829 AXP Financial Center Director, Vice President, General Insurance Company Minneapolis, MN 55474 Counsel and Secretary American Express Corporation 70100 AXP Financial Center Director, Vice President and Secretary Minneapolis, MN 55474 American Partners Life 70100 AXP Financial Center Director, Vice President, General Insurance Company Minneapolis, MN 55474 Counsel and Secretary IDS Life Insurance Company 70100 AXP Financial Center Vice President and General Counsel Minneapolis, MN 55474 IDS Life Insurance Company 20 Madison Ave. Extension Assistant General Counsel and of New York Albany, NY 12205-0555 Assistant Secretary IDS Life Series Fund, Inc. 70100 AXP Financial Center General Counsel and Assistant Secretary Minneapolis, MN 55474 IDS Life Variable Annuity 70100 AXP Financial Center General Counsel and Assistant Secretary Funds A & B Minneapolis, MN 55474 ReBecca K. Roloff American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Field Management and Field Management Financial Advisory Services and Financial Advisory Services Stephen W. Roszell Advisory Capital 70100 AXP Financial Center Director Senior Vice President - Strategies Group Inc. Minneapolis, MN 55474 Institutional Group American Express Asset Director, President and Management Group Inc. Chief Executive Officer American Express Asset Director Management International, Inc. American Express Asset Director Management Ltd. American Express Financial 70100 AXP Financial Center Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Institutional American Express Trust Director Company Erven A. Samsel American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Field Management Field Management American Express Insurance Vice President Agency of Alabama Inc. American Express Insurance Vice President Agency of Idaho Inc. American Express Insurance Vice President Agency of Indiana Inc. American Express Insurance Vice President Agency of Massachusetts Inc. American Express Insurance Vice President Agency of Nevada Inc. American Express Insurance Vice President Agency of New Mexico Inc. American Express Insurance Vice President Agency of Oklahoma Inc. American Express Insurance Vice President Agency of Oregon Inc. American Express Insurance Vice President Agency of Wyoming Inc. American Express Property Vice President Casualty Insurance Agency of Kentucky Inc. American Express Property Vice President Casualty Insurance Agency of Maryland Inc. American Express Property Vice President Casualty Insurance Agency of Pennsylvania Inc. IDS Insurance Agency of Vice President Arkansas Inc. IDS Insurance Agency of Vice President Ohio Inc. Theresa M. Sapp American Express Financial 70100 AXP Financial Center Vice President - Vice President - Relationship Advisors Inc. Minneapolis, MN 55474 Relationship Leader Leader Andy Schell American Express Financial 70100 AXP Financial Center Vice President - Client Vice President - Client Advisors Inc. Minneapolis, MN 55474 Development and Migration Development and Migration Judy P. Skoglund American Express Financial 70100 AXP Financial Center Vice President - Quality Vice President - Quality and Advisors Inc. Minneapolis, MN 55474 and Service Support Service Support Dave Smith American Express Financial 70100 AXP Financial Center Vice President - Vice President - Advisors Inc. Minneapolis, MN 55474 Advisor Group Compliance Advisor Group Compliance Bridget Sperl American Enterprise Director Senior Vice President - Investment Services Inc. Client Service American Express Client 70100 AXP Financial Center Vice President Service Corporation Minneapolis, MN 55474 American Express Financial 70100 AXP Financial Center Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Client Service IDS Life Insurance Company Executive Vice President - Client Service IDS Property Casualty Director Insurance Company Public Employee Payment Director, President and Chief Company Executive Officer Lisa A. Steffes American Express Financial 70100 AXP Financial Center Vice President - Marketing Vice President - Marketing Advisors Inc. Minneapolis, MN 55474 Offer Development Offer Development AMEX Assurance Company 70100 AXP Financial Center Director Minneapolis, MN 55474 IDS Property Casualty 1 WEG Blvd. Director Insurance Company DePere, WI 54115 James J. Strauss American Express Financial 70100 AXP Financial Center Vice President and General Vice President and General Advisors Inc. Minneapolis, MN 55474 Auditor Auditor Jeffrey J. Stremcha American Express Financial 70100 AXP Financial Center Vice President - Vice President - Information Advisors Inc. Minneapolis, MN 55474 Information Resource Resource Management/ISD Management/ISD John T. Sweeney American Express Financial 70100 AXP Financial Center Vice President - Lead Vice President - Lead Advisors Inc. Minneapolis, MN 55474 Financial Officer, Products Financial Officer, Products John R. Thomas American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Information and Technology Information and Technology William F. Truscott American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Chief Investment Officer Chief Investment Officer Advisory Capital Strategies Director Group Inc. IDS Capital Holdings Inc. Director, President Beth E. Weimer American Express Financial 70100 AXP Financial Center Chief Compliance Officer Chief Compliance Officer Advisors Inc. Minneapolis, MN 55474 American Enterprise Chief Compliance Officer Investment Services Inc. American Express Asset Chief Compliance Officer Management Group Inc. American Express Asset Chief Compliance Officer Management International Inc. IDS Insurance Agency of Chief Compliance Officer Arkansas Inc. IDS Life Insurance Company Chief Compliance Officer Michael D. Wolf American Express Asset 70100 AXP Financial Center Executive Vice President Vice President - Senior Management Group Inc. Minneapolis, MN 55474 and Senior Portfolio Portfolio Manager Manager American Express Financial 70100 AXP Financial Center Vice President - Senior Advisors Inc. Minneapolis, MN 55474 Portfolio Manager Michael R. Woodward American Express Financial 70100 AXP Financial Center Senior Vice President - Senior Vice President - Advisors Inc. Minneapolis, MN 55474 Field Management Field Management American Centurion Life 20 Madison Ave. Extension Director Assurance Company Albany, NY 12205-0555 American Express Insurance Vice President Agency of Alabama Inc. American Express Insurance Vice President Agency of Idaho Inc. American Express Insurance Vice President Agency of Indiana Inc. American Express Insurance Vice President Agency of Massachusetts Inc. American Express Insurance Vice President Agency of Nevada Inc. American Express Insurance Vice President Agency of New Mexico Inc. American Express Insurance Vice President Agency of Oklahoma Inc. American Express Insurance Vice President Agency of Oregon Inc. American Express Insurance Vice President Agency of Wyoming Inc. American Express Property Vice President Casualty Insurance Agency of Kentucky Inc. American Express Property Vice President Casualty Insurance Agency of Maryland Inc. American Express Property Vice President Casualty Insurance Agency of Pennsylvania Inc. IDS Insurance Agency of Vice President Arkansas Inc. IDS Insurance Agency of Vice President Ohio Inc. IDS Life Insurance Company P.O. Box 5144 Director of New York Albany, NY 12205 Doretta R. Wright American Express Financial Vice President Vice President Advisors Inc. David L. Yowan American Centurion Life 20 Madison Ave. Extension Vice President and Treasurer Vice President and Corporate Assurance Company Albany, NY 12205-0555 Treasurer American Enterprise Vice President and Investment Services Treasurer American Enterprise Life 829 AXP Financial Center Vice President and Insurance Company Minneapolis, MN 55474 Treasurer American Express Asset Vice President and Management Group Inc. Treasurer American Express Asset Vice President and Management International Treasurer Inc. American Express Vice President and Certificate Company Treasurer American Express Client 70100 AXP Financial Center Vice President and Service Corporation Minneapolis, MN 55474 Treasurer American Express Vice President and Corporation Treasurer American Express Financial 70100 AXP Financial Center Vice President and Advisors Inc. Minneapolis, MN 55474 Treasurer American Express Financial Vice President and Advisors Japan Inc. Treasurer American Express Insurance Vice President and Agency of Alabama Inc. Treasurer American Express Insurance Vice President and Agency of Arizona Inc. Treasurer American Express Insurance Vice President and Agency of Idaho Inc. Treasurer American Express Insurance Vice President and Agency of Indiana Inc. Treasurer American Express Insurance Vice President and Agency of Massachusetts Inc. Treasurer American Express Insurance Vice President and Agency of Nevada Inc. Treasurer American Express Insurance Vice President and Agency of New Mexico Inc. Treasurer American Express Insurance Vice President and Agency of Oklahoma Inc. Treasurer American Express Insurance Vice President and Agency of Oregon Inc. Treasurer American Express Insurance Vice President and Agency of Wyoming Inc. Treasurer American Express Personal Treasurer Trust Services, FSB American Express Property Vice President and Casualty Insurance Agency Treasurer of Kentucky Inc. American Express Property Vice President and Casualty Insurance Agency Treasurer of Maryland Inc. American Express Property Vice President and Casualty Insurance Agency Treasurer of Pennsylvania Inc. American Partners Life 1751 AXP Financial Center Vice President and Insurance Company Minneapolis, MN 55474 Treasurer IDS Cable Corporation Director, Vice President and Treasurer IDS Cable II Corporation Director, Vice President and Treasurer IDS Capital Holdings Inc. Vice President, Treasurer and Assistant Secretary IDS Insurance Agency of Vice President and Arkansas Inc. Treasurer IDS Insurance Agency of Vice President and Ohio Inc. Treasurer IDS Life Insurance Company 70100 AXP Financial Center Vice President, Treasurer Minneapolis, MN 55474 and Assistant Secretary IDS Life Insurance Company P.O. Box 5144 Vice President and of New York Albany, NY 12205 Treasurer IDS Life Series Fund, Inc. 70100 AXP Financial Center Vice President and Minneapolis, MN 55474 Treasurer IDS Life Variable Annuity 70100 AXP Financial Center Vice President and Funds A & B Minneapolis, MN 55474 Treasurer IDS Management Corporation Director, Vice President and Treasurer IDS Partnership Services Vice President and Corporation Treasurer IDS Property Casualty 1 WEG Blvd. Vice President, Treasurer Insurance Company DePere, WI 54115 and Assistant Secretary IDS Real Estate Services, Vice President and Inc. Treasurer IDS Realty Corporation Vice President and Treasurer Investors Syndicate Vice President and Development Corporation Treasurer Public Employee Payment Vice President and Company Treasurer
Item 27. Principal Underwriters. (a) American Express Financial Advisors acts as principal underwriter for the following investment companies: AXP Bond Fund, Inc.; AXP California Tax-Exempt Trust; AXP Discovery Fund, Inc.; AXP Equity Select Fund, Inc.; AXP Extra Income Fund, Inc.; AXP Federal Income Fund, Inc.; AXP Global Series, Inc.; AXP Growth Series, Inc.; AXP High Yield Tax-Exempt Fund, Inc.; AXP International Fund, Inc.; AXP Investment Series, Inc.; AXP Managed Series, Inc.; AXP Market Advantage Series, Inc.; AXP Money Market Series, Inc.; AXP New Dimensions Fund, Inc.; AXP Partners Series, Inc.; AXP Precious Metals Fund, Inc.; AXP Progressive Fund, Inc.; AXP Selective Fund, Inc.; AXP Special Tax-Exempt Series Trust; AXP Stock Fund, Inc.; AXP Strategy Series, Inc.; AXP Tax-Exempt Series, Inc.; AXP Tax-Free Money Fund, Inc.; AXP Utilities Income Fund, Inc., Growth Trust; Growth and Income Trust; Income Trust; Tax-Free Income Trust; World Trust; American Express Certificate Company. (b) As to each director, officer or partner of the principal underwriter: Name and Principal Position and Offices with Offices with Registrant Business Address Underwriter Ruediger Adolf Senior Vice President None 70100 AXP Financial Center Minneapolis, MN 55474 Gumer C. Alvero Vice President - None 70100 AXP Financial Center Annuities Minneapolis, MN 55474 Ward D. Armstrong Senior Vice President - None 70100 AXP Financial Center Retirement Services Minneapolis, MN 55474 John M. Baker Vice President - Plan None 70100 AXP Financial Center Sponsor Services Minneapolis, MN 55474 Dudley Barksdale Vice President - Service None 70100 AXP Financial Center Development Minneapolis, MN 55474 Joseph M. Barsky III Vice President - Mutual None 70100 AXP Financial Center Fund Equities Minneapolis, MN 55474 Timothy V. Bechtold Vice President - Risk None 70100 AXP Financial Center Management Products Minneapolis, MN 55474 Walter S. Berman Director, Senior Vice President - None 70100 AXP Financial Center and Chief Financial Officer Minneapolis, MN 55474 Brent L. Bisson Group Vice President - None Suite 900, E. Westside Twr Los Angeles Metro 11835 West Olympic Blvd. Los Angeles, CA 90064 Walter K. Booker Group Vice President - None Suite 200, 3500 Market New Jersey Street Camp Hill, NJ 17011 Bruce J. Bordelon Group Vice President - None 1333 N. California Blvd., San Francisco Bay Area Suite 200 Walnut Creek, CA 94596 Charles R. Branch Group Vice President - None Suite 200 Northwest West 111 North River Dr. Spokane, WA 99201 Douglas W. Brewers Vice President - Sales None 70100 AXP Financial Center Support Minneapolis, MN 55474 Mike Burton Vice President - Compliance None 70100 AXP Financial Center Minneapolis, MN 55474 Kenneth J. Ciak Vice President and None IDS Property Casualty General Manager - IDS 1400 Lombardi Avenue Property Casualty Green Bay, WI 54304 Paul A. Connolly Vice President - Relationship None 70100 AXP Financial Center Leader Retail Distribution Services Minneapolis, MN 55474 Henry J. Cormier Group Vice President - None Commerce Center One Connecticut 333 East River Drive East Hartford, CT 06108 James M. Cracchiolo Director, Chairman, President and None 70100 AXP Financial Center Chief Executive Officer Minneapolis, MN 55474 Kevin F. Crowe Group Vice President - None Suite 312 Carolinas/Eastern Georgia 7300 Carmel Executive Pk Charlotte, NC 28226 Colleen Curran Vice President and None 70100 AXP Financial Center Assistant General Counsel Minneapolis, MN 55474 Luz Maria Davis Vice President - None 70100 AXP Financial Center Communications Minneapolis, MN 55474 Arthur E. DeLorenzo Group Vice President - None 4 Atrium Drive, #100 Upstate New York Albany, NY 12205 Scott M. DiGiammarino Group Vice President - None Suite 500, 8045 Leesburg Washington/Baltimore Pike Vienna, VA 22182 Bradford L. Drew Group Vice President - None Two Datran Center Eastern Florida Penthouse One B 9130 S. Dadeland Blvd. Miami, FL 33156 Douglas K. Dunning Vice President - Assured None 70100 AXP Financial Center Assets Product Minneapolis, MN 55474 Development and Management James P. Egge Group Vice President - None 4305 South Louise, Western Iowa, Nebraska, Suite 202 Dakotas Sioux Falls, SD 57103 Gordon M. Fines Vice President - Mutual None 70100 AXP Financial Center Fund Equity Investments Minneapolis, MN 55474 Judy Forker Vice President - Relationship None 70100 AXP Financial Center Leader Investments Minneapolis, MN 55474 William P. Fritz Group Vice President - Gateway None 12323 Olive Blvd/Westview Place #200 Creve Couer, MO 63141 Peter A. Gallus Vice President - None 70100 AXP Financial Center Investment Minneapolis, MN 55474 Administration Derek M. Gledhill Vice President - None 70100 AXP Financial Center Integrated Financial Minneapolis, MN 55474 Services Field Implementation Teresa A. Hanratty Senior Vice President - None Suites 6&7 Field Management 169 South River Road Bedford, NH 03110 Lorraine R. Hart Vice President - None 70100 AXP Financial Center Insurance Investments Minneapolis, MN 55474 Janis K. Heaney Vice President - None 70100 AXP Financial Center Incentive Management Minneapolis, MN 55474 Brian M. Heath Senior Vice President None Suite 150 and General Sales Manager 801 E. Campbell Road Richardson, TX 75081 Jon E. Hjelm Group Vice President - None 319 Southbridge Street Rhode Island/Central - Auburn, MA 01501 Western Massachusetts David J. Hockenberry Group Vice President - None 30 Burton Hills Blvd. Tennessee Valley Suite 175 Nashville, TN 37215 ` Carol A. Holton Vice President - Third None 70100 AXP Financial Center Party Distribution Minneapolis, MN 55474 Claire Huang Senior Vice President - Retail None 70100 AXP Financial Center Marketing Minneapolis, MN 55474 Debra A. Hutchinson Vice President - None 70100 AXP Financial Center Relationship Leader Minneapolis, MN 55474 Diana R. Iannarone Group Vice President - None 3030 N.W. Expressway Kansas/Oklahoma Suite 900 Oklahoma City, OK 73112 Theodore M. Jenkin Group Vice President - None 70100 AXP Financial Center Cleveland Metro Minneapolis, MN 55474 James M. Jensen Vice President - None 70100 AXP Financial Center Advice and Minneapolis, MN 55474 Retail Distribution Group, Product, Compensation and Field Administration Greg Johnson Vice President - Advisory Planning None 70100 AXP Financial Center Anaylsis Minneapolis, MN 55474 Nancy E. Jones Vice President - None 70100 AXP Financial Center Business Development Minneapolis, MN 55474 John C. Junek Senior Vice President, None 70100 AXP Financial Center General Counsel Minneapolis, MN 55474 Ora J. Kaine Vice President - None 70100 AXP Financial Center Retail Distribution Services Minneapolis, MN 55474 and Chief of Staff Raymond G. Kelly Group Vice President - None Suite 250 North Texas 801 East Campbell Road Richardson, TX 75081 John M. Knight Vice President - Treasurer 70100 AXP Financial Center Investment Accounting Minneapolis, MN 55474 Claire Kolmodin Vice President - Service None 70100 AXP Financial Center Quality Minneapolis, MN 55474 Mitre Kutanovski Group Vice President - None Suite 680 Chicago Metro 8585 Broadway Merrillville, IN 48410 Bruce G. Lamo Vice President - None 70100 AXP Financial Center Institutional Products Minneapolis, MN 55474 Lori J. Larson Vice President - None 70100 AXP Financial Center Brokerage and Direct Minneapolis, MN 55474 Services Daniel E. Laufenberg Vice President and Chief None 70100 AXP Financial Center U.S. Economist Minneapolis, MN 55474 David C. Laurent Vice President - Compliance None 70100 AXP Financial Center Shared Services Minneapolis, MN 55474 Jane W. Lee Vice President - New None 70100 AXP Financial Center Business Development and Minneapolis, MN 55474 Marketing Steve Lobo Vice President - Investment None 70100 AXP Financial Center Risk Management Minneapolis, MN 55474 Diane D. Lyngstad Vice President - Lead Financial None 70100 AXP Financial Center Officer, U.S. Retail Minneapolis, MN 55474 Tom Mahowald Vice President and Director of None 70100 AXP Financial Center Equity Research Minneapolis, MN 55474 Timothy J. Masek Vice President and None 70100 AXP Financial Center Director of Fixed Income Minneapolis, MN 55474 Research Penny Mazal Vice President - Business None 70100 AXP Financial Center Transformation Minneapolis, MN 55474 Sarah M. McKenzie Vice President - Wrap and Trust None 70100 AXP Financial Center Products Minneapolis, MN 55474 Paula R. Meyer Vice President - Mutual None 70100 AXP Financial Center Funds Minneapolis, MN 55474 Barry J. Murphy Executive Vice President - None 70100 AXP Financial Center U.S. Retail Group Minneapolis, MN 55474 Scott M. Nelson Vice President - None 70100 AXP Financial Center Alternative Investments Minneapolis, MN 55474 Thomas V. Nicolosi Group Vice President - None Suite 220 New York Metro Area 500 Mamaroneck Ave. Harrison, NY 10528 Francois B. Odouard Vice President None 70100 AXP Financial Center Minneapolis, MN 55474 Michael J. O'Keefe Vice President - None 70100 AXP Financial Center Advisory Business Systems Minneapolis, MN 55474 Carla P. Pavone Vice President - None 70100 AXP Financial Center Business Development Minneapolis, MN 55474 Kris Petersen Vice President - None 70100 AXP Financial Center Non-proprietary Products Minneapolis, MN 55474 Larry M. Post Group Vice President - None One Tower Bridge Philadelphia Metro and 100 Front Street 8th Fl Northern New England West Conshohocken, PA 19428 Ronald W. Powell Vice President and None 70100 AXP Financial Center Assistant General Counsel Minneapolis, MN 55474 Teresa J. Rasmussen Vice President and None 70100 AXP Financial Center Assistant General Counsel Minneapolis, MN 55474 Ralph D. Richardson III Group Vice President - None Suite 800 Southern Texas Arboretum Plaza One 9442 Capital of Texas Hyw. N. Austin, TX 78759 ReBecca K. Roloff Senior Vice President - None 70100 AXP Financial Center Field Management and Minneapolis, MN 55474 Financial Advisory Services Stephen W. Roszell Senior Vice President - Vice President 70100 AXP Financial Center Institutional Minneapolis, MN 55474 Max G. Roth Group Vice President - None Suite 201 S. IDS Ctr Wisconsin/Upper Michigan 1400 Lombardi Avenue Green Bay, WI 54304 Diane M. Ruebling Group Vice President - None 70100 AXP Financial Center Central Minneapolis, MN 55474 California/Western Nevada Erven A. Samsel Senior Vice President - None 45 Braintree Hill Park Field Management Suite 402 Braintree, MA 02184 Theresa M. Sapp Vice President - None 70100 AXP Financial Center Relationship Leader Minneapolis, MN 55474 Russell L. Scalfano Group Vice President - None Suite 201 Illinois/Indiana/Kentucky 101 Plaza East Blvd. Evansville, IN 47715 Andy Schell Vice President - Client Development None 70100 AXP Financial Center and Migration Minneapolis, MN 55474 William G. Scholz Group Vice President - None Suite 205 Arizona/Las Vegas 7333 E. Doubletree Ranch Rd. Scottsdale AZ. 85258 Judy P. Skoglund Vice President - Quality None 70100 AXP Financial Center and Service Support Minneapolis, MN 55474 Dave Smith Vice President - U.S. Advisor None 70100 AXP Financial Center Group Compliance Minneapolis, MN 55474 Bridget Sperl Senior Vice President - None 70100 AXP Financial Center Client Service Minneapolis, MN 55474 Paul J. Stanislaw Group Vice President - None Suite 1100 Southern California Two Park Plaza Irvine, CA 92714 Lisa A. Steffes Vice President - None 70100 AXP Financial Center Marketing Offer Minneapolis, MN 55474 Development Lois A. Stilwell Group Vice President - None Suite 433 Outstate Minnesota 9900 East Bren Rd. Area/North Dakota/ Minnetonka, MN 55343 Western Wisconsin James J. Strauss Vice President and None 70100 AXP Financial Center General Auditor Minneapolis, MN 55474 Jeffrey J. Stremcha Vice President - None 70100 AXP Financial Center Information Resource Minneapolis, MN 55474 Management/ISD Barbara Stroup Stewart Vice President - Channel None 70100 AXP Financial Center Development Minneapolis, MN 55474 John T. Sweeney Vice President - Lead Financial None 70100 AXP Financial Center Officer, Products Minneapolis, MN 55474 Craig P. Taucher Group Vice President - None Suite 150 Orlando/Jacksonville 4190 Belfort Rd. Jackonville, FL 32216 Neil G. Taylor Group Vice President - None Suite 425 Seattle/Tacoma/Hawaii 101 Elliot Avenue West Seattle, WA 98119 John R. Thomas Senior Vice President - Board Member 70100 AXP Financial Center Information and and President Minneapolis, MN 55474 Technology William F. Truscott Senior Vice President - Board Member and 70100 AXP Financial Center Chief Investment Officer Vice President Minneapolis, MN 55474 Janet M. Vandenbark Group Vice President - None 3951 Westerre Parkway, Suite 250 Virginia Richmond, VA 23233 Peter S. Velardi Group Vice President - None Suite 180 Atlanta/Birmingham 1200 Ashwood Parkway Atlanta, GA 30338 Charles F. Wachendorfer Group Vice President - None Suite 100 Detroit Metro Stanford Plaza II 7979 East Tufts Ave. Pkwy. Denver, CO 80237 Donald F. Weaver Group Vice President - None 3500 Market Street, Greater Pennsylvania Suite 200 Camp Hill, PA 17011 Beth E. Weimer Chief Compliance Officer None 70100 AXP Financial Center Minneapolis, MN 55474 William J. Williams Group Vice President - None 70100 AXP Financial Center Twin Cities Metro Minneapolis, MN 55474 Michael D. Wolf Vice President - Senior None 70100 AXP Financial Center Portfolio Manager Minneapolis, MN 55474 Michael R. Woodward Senior Vice President - None 32 Ellicott St Field Management Suite 100 Batavia, NY 14020 Doretta R. Wright Vice President None 70100 AXP Financial Center Minneapolis, MN 55474 David L. Yowan Vice President and None American Express Company Treasurer New York Rande L. Zellers Group Vice President - None 1 Galleria Blvd., Suite 1900 Gulf States Metairie, LA 70001
Item 27 (c). Not Applicable. Item 28. Location of Accounts and Records American Express Financial Corporation 70100 AXP Financial Center Minneapolis, MN 55474 Item 29. Management Services Not Applicable. Item 30. Undertakings Not Applicable. SIGNATURES Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant, AXP Federal Income Fund, Inc., certifies that it meets all of the requirements for effectiveness under Rule 485(b) under the Securities Act and has duly caused this Amendment to its Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of Minneapolis and the State of Minnesota on the 12th day of February, 2002. AXP FEDERAL INCOME FUND, INC. By /s/ John R. Thomas** ------------------------- John R. Thomas, President By /s/ John M. Knight ------------------ John M. Knight, Treasurer Pursuant to the requirements of the Securities Act, this amendment to the registration statement has been signed below by the following persons in the capacities indicated on the 12th day of February, 2002. Signature Capacity /s/ H. Brewster Atwater, Jr.* Director - ------------------------- H. Brewster Atwater, Jr. /s/ Arne H. Carlson* Chair of the Board - ------------------------- Arne H. Carlson /s/ Lynne V. Cheney* Director - ------------------------- Lynne V. Cheney /s/ Livio D. DeSimone* Director - ------------------------- Livio D. DeSimone /s/ Ira D. Hall* Director - ------------------------- Ira D. Hall /s/ David R. Hubers* Director - ------------------------- David R. Hubers /s/ Heinz F. Hutter* Director - ------------------------- Heinz F. Hutter /s/ Anne P. Jones* Director - ------------------------- Anne P. Jones /s/ Stephen R. Lewis, Jr.* Director - --------------------------- Stephen R. Lewis, Jr. /s/ William R. Pearce* Director - ------------------------- William R. Pearce /s/ Alan K. Simpson* Director - ------------------------- Alan K. Simpson Signature Capacity /s/ John R. Thomas* Director - ------------------------- John R. Thomas /s/ William F. Truscott* Director - ------------------------- William F. Truscott /s/ C. Angus Wurtele* Director - ------------------------- C. Angus Wurtele * Signed pursuant to Directors' Power of Attorney, dated Jan. 9, 2002, filed as Exhibit (q)(1) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference, by: /s/ Leslie L. Ogg - ------------------------- Leslie L. Ogg ** Signed pursuant to Officers' Power of Attorney, dated Jan. 9, 2002, filed as Exhibit (q)(2) to Registrant's Post-Effective Amendment No. 33 is incorporated by reference, by: /s/ Leslie L. Ogg - ------------------------- Leslie L. Ogg CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 34 TO REGISTRATION STATEMENT NO. 2-96512 This Post-Effective Amendment comprises the following papers and documents: The facing sheet. Part A. The prospectus. Part B. The Statement of Additional Information. Part C. Other information. Exhibits. The signatures. EX-99 3 ex-index.txt EXHIBIT INDEX EXHIBIT INDEX (i) Opinion and consent of counsel. EX-99.I OPIN COUNCEL 4 i-opin.txt OPINION AND CONSENT OF COUNSEL February 12, 2002 AXP Federal Income Fund, Inc. 200 AXP Financial Center Minneapolis, Minnesota 55474 Gentlemen: I have examined the Articles of Incorporation and the By-Laws of AXP Federal Income Fund, Inc. (the Company) and all necessary certificates, permits, minute books, documents and records of the Company, and the applicable statutes of the State of Minnesota, and it is my opinion that the shares sold in accordance with applicable federal and state securities laws will be legally issued, fully paid, and nonassessable. This opinion may be used in connection with the Post-Effective Amendment. Sincerely, /s/ Leslie L. Ogg - ----------------- Leslie L. Ogg Attorney at Law 901 S. Marquette Ave., Suite 2810 Minneapolis, Minnesota 55402-3268 -----END PRIVACY-ENHANCED MESSAGE-----