-----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,
 FyYQvBbiqc+zEgUaWj6Y4RBi1LPTodIMxi6UsgcmfQqWbpSboa+yVxoPXKHfZZ89
 tqBXwyJ9onbHDXDLNiXePw==

<SEC-DOCUMENT>0000820027-04-000475.txt : 20040527
<SEC-HEADER>0000820027-04-000475.hdr.sgml : 20040527
<ACCEPTANCE-DATETIME>20040527153839
ACCESSION NUMBER:		0000820027-04-000475
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20040527
EFFECTIVENESS DATE:		20040527

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			AXP GOVERNMENT INCOME SERIES INC
		CENTRAL INDEX KEY:			0000764802
		IRS NUMBER:				412021315
		STATE OF INCORPORATION:			MN
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	002-96512
		FILM NUMBER:		04835045

	BUSINESS ADDRESS:	
		STREET 1:		50606 AXP FINANCIAL CENTER
		STREET 2:		H27/52
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55474
		BUSINESS PHONE:		6123722772

	MAIL ADDRESS:	
		STREET 1:		50606 AXP FINANCIAL CENTER
		STREET 2:		H27/52
		CITY:			MINNEAPOLIS
		STATE:			MN
		ZIP:			55474

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	AXP FEDERAL INCOME FUND INC /MN/
		DATE OF NAME CHANGE:	20000829

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	IDS FEDERAL INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<FILENAME>s6042-3c.txt
<DESCRIPTION>AXP(R) SHORT DURATION U.S. GOVERNMENT FUND-PROSPECTUS SUPPLEMENT
<TEXT>
                         Supplement Dated May 27, 2004*
                      to the Prospectus Dated July 31, 2003
        of AXP(R) Short Duration U.S. Government Fund S-6042-99 X (7/03)

The following sentence has been added to the first paragraph under the
"Principal Investment Strategies" section of the prospectus:

These mortgage loans include, but are not limited to Government National
Mortgage Association (GNMA or Ginnie Mae) mortgage-backed bonds, which are
backed by the full faith and credit of the United States; and Federal National
Mortgage Association (FNMA or Fannie Mae) and Federal Home Loan Mortgage
Corporation (FHLMC or Freddie Mac) mortgage-backed bonds, which are backed by
the credit of federal agencies or government sponsored entities, although not by
the full faith and credit of the United States.

S-6042-3 C (5/04)

* Valid until July 31, 2004


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----