485APOS 1 california-partc.txt AXP CALIFORNIA TAX-EXEMPT TRUST 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. 33-5103) [X] ---- and/or REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 Amendment No. 37 (File No. 811-4646) [X] ---- AXP CALIFORNIA TAX-EXEMPT TRUST 50606 AXP Financial Center Minneapolis, Minnesota 55474 Leslie L. Ogg - 901 Marquette Avenue South, Suite 2810 Minneapolis, MN 55402-3268 (612) 330-9283 Approximate Date of Proposed Public Offering: It is proposed that this filing will become effective (check appropriate box) [ ] immediately upon filing pursuant to paragraph (b) [ ] on (date) pursuant to paragraph (b) [ ] 60 days after filing pursuant to paragraph (a)(1) [X] on Aug. 29, 2005 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. The Prospectus for AXP California, Massachusetts, Michigan, Minnesota, New York and Ohio Tax-Exempt Funds filed in Post-Effective Amendment No. 40 to Registration Statement 33-5102 is incorporated herein by reference. PART B. The Statement of Additional Information and Financial Statements for AXP California, Massachusetts, Michigan, Minnesota, New York and Ohio Tax-Exempt Funds filed in Post-Effective Amendment No. 40 to Registration Statement 33-5102 is incorporated herein by reference. PART C. OTHER INFORMATION Item 23. Exhibits (a)(1) Agreement and Declaration of Trust of AXP California Tax-Exempt Trust, dated April 7, 1986 and amended on March 6, 1995 and June 18, 1999 is filed electronically herewith as Exhibit (a)(1). (a)(2) Certificate of Amendment to the Agreement and Declaration of Trust of AXP California Tax-Exempt Trust, dated Nov. 14, 2002, is filed electronically herewith as Exhibit (a)(2). (b)(1) Amended By-laws, dated Jan. 11, 2001, filed as Exhibit (b) to Registration Statement No. 33-5103 on or about Aug. 27, 2001, is incorporated by reference. (b)(2) Certificate of Amendment dated Nov. 14, 2002, filed as Exhibit (b)(1) to Registration Statement No. 33-5103 on or about June 23, 2003, is incorporated by reference. (c) Certificate for shares of beneficial interest, filed as Exhibit 4 to Pre-Effective Amendment No. 1 to Registration Statement No. 33-5103 is incorporated by reference. (d)(1) Investment Management Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, filed as Exhibit 5 to Registrant's Post-Effective Amendment No. 23 to Registration Statement 33-5103, is incorporated by reference. (d)(2) Amendment to Investment Management Services Agreement between AXP Growth Series, Inc. and American Express Financial Corporation, dated June 3, 2002, filed electronically on or about June 12, 2002 as Exhibit (d)(7) to AXP Growth Series, Inc. Post-Effective Amendment No. 71 to Registration Statement No. 2-38355, is incorporated by reference. Registrant's Amendment to Investment Management Services Agreement differs from the one incorporated by reference only by the fact that Registrant is one executing party. (e) Distribution Agreement between AXP Utilities Income Fund, Inc. and American Express Financial Advisors Inc. dated July 8, 1999, filed electronically as Exhibit (e) to Registrant's Post-Effective Amendment No. 22 File No. 33-20872 filed on or about August 26, 1999, is incorporated by reference. Registrant's Distribution Agreement differs from the one incorporated by reference only by the fact that Registrant is one executing party. (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) Custodian Agreement between Registrant and First National Bank of Minneapolis, dated July 23, 1986, filed electronically as Exhibit 8 to Registrant's Post Effective Amendment No. 23 to Registration Statement No. 33-5103, is incorporated by reference. (h)(1) Administrative Services Agreement between Registrant and American Express Financial Corporation, dated March 20, 1995, filed as Exhibit 9(c) to Registrant's Post-Effective Amendment No. 23 to Registration Statement 33-5103, is incorporated by reference. (h)(2) Class Y Shareholder Service Agreement between IDS Precious Metals Fund, Inc. and American Express Financial Advisors., 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)(3) Transfer Agency Agreement between Registrant and American Express Client Service Corporation, dated May 1, 2003, filed as Exhibit (h)(5) to Registration Statement No. 33-5103 on or about June 23, 2003, is incorporated by reference. (h)(4) Amendment to Administrative Services Agreement between AXP Growth Series, Inc. and American Express Financial Corporation, dated June 3, 2002, filed electronically on or about June 12, 2002 as Exhibit (h)(7) to AXP Growth Series, Inc. Post-Effective Amendment No. 71 to Registration Statement No. 2-38355, is incorporated by reference. Registrant's Amendment to Administrative Services Agreement differs from the one incorporated by reference only by the fact that Registrant is one executing party. (h)(5) 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)(6) Addendum to Schedule A and Schedule B of the License Agreement between the American Express Funds and American Express Company, dated June 23, 2004, filed electronically on or about June 28, 2004 as Exhibit (h)(2) to AXP Variable Portfolio - Select Series, Inc. Pre-Effective Amendment No. 1 to Registration Statement No. 333-113780 is incorporated by reference. (i) Opinion and consent of counsel as to the legality of the securities being registered, to be filed by amendment. (j) Consent of Independent Registered Public Accounting Firm to be filed by amendment. (k) Omitted Financial Statements: Not Applicable. (l) Initial Capital Agreements: Not applicable. (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.'s Post-Effective Amendment No. 36 to Registration Statement No. 2-72174 filed on or about July 30, 1999. (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. (n) Amended 18f-3 Plan, dated as of May 26, 2004, filed electronically on or about July 29, 2004 as Exhibit (n) to AXP Discovery Series, Inc. Post-Effective Amendment No. 49 to Registration Statement No. 2-72174 is incorporated by reference. (o) Reserved. (p)(1) Code of Ethics adopted under Rule 17j-1 for Registrant filed electronically on or about March 28, 2005 as Exhibit (p)(1) to AXP Selected Series, Inc.'s Post-Effective Amendment No. 42 to Registration Statement No. 2-93745 is incorporated by reference. (p)(2) Code of Ethics adopted under Rule 17j-1 for Registrant's investment adviser and principal underwriter, dated January 2005, filed electronically on or about January 27, 2005 as Exhibit (p)(2) to AXP Equity Series, Inc. Post-Effective Amendment No. 99 to Registration Statement No. 2-13188 is incorporated by reference. (q)(1) Directors/Trustees' Power of Attorney to sign Amendments to this Registration Statement, dated Nov. 11, 2004, is filed electronically herewith as Exhibit (q)(1). (q)(2) Officers' Power of Attorney to sign Amendments to this Registration Statement, dated Jan. 9, 2002, is incorporated by reference. (q)(3) Officers' Power of Attorney to sign Amendments to this Registration Statement, dated September 17, 2002, 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) ------------------------- ----------------------- ------------------------- ----------------------- Gumer C. Alvero American Centurion Life 20 Madison Ave. Extension Director and Vice President - Annuities Vice President - General Assurance Company P.O. Box 5555 Manager Annuities Albany, NY 12205-0555 American Enterprise Life President and Director Insurance Company American Enterprise President REO 1, LLC American Express Financial Vice President - General Manager Advisors Inc. Annuities 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 Maryland 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 Wyoming Inc. American Partners Life 1751 AXP Financial Center Director and President Insurance Company Minneapolis MN 55474 IDS Life Insurance Company Director and Executive Vice President - Annuities IDS Life Insurance Company P.O. Box 5144 Director and Vice President - Annuities of New York Albany, NY 12205 Ward D. Armstrong American Express Financial Senior Vice President - Senior Vice President - Advisors Inc. Retirement Services and Asset Retirement Services Management Group and Asset Management Group American Express Asset Director and Senior Vice President Management Group Inc. American Express Trust Director and Chairman of Company the Board Kenwood Capital Management LLC Manager Northwinds Marketing Manager Group LLC American Express Asset Director Management International Inc. John M. Baker American Express Financial Vice President - Chief Client Vice President - Plan Sponsor Advisors Inc. Service Officer Services American Express Asset Vice President Management Group Inc. American Express Trust Director and Senior Vice President Company Dudley Barksdale American Express Financial Vice President - Service Vice President - Service Advisors Inc. Development Development Timothy V. Bechtold American Centurion Life 20 Madison Ave. Extension Director, President and Chief Vice President - Assurance Company P.O. Box 5555 Executive Officer Insurance Products Albany, NY 12205-0555 American Enterprise Life Director Insurance Company American Express Financial Vice President - Insurance Advisors Inc. 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, President and Chief Agency of Maryland Inc. Executive Officer 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 and Chief Agency of Oklahoma Inc. Executive Officer American Express Insurance Director, President and Chief Agency of Wyoming Inc. Executive Officer American Partners Life Director and Vice President-Insurance Insurance Company Products IDS Life Insurance Company Director and President IDS Life Insurance Company P.O. Box 5144 Director, President and Chief of New York Albany, NY 12205 Executive Officer IDS REO 1, LLC President IDS REO 2, LLC President Kent M. Bergene Vice President - Pricing and Product Development Arthur H. Berman American Enterprise Life Director Senior Vice President and Insurance Company Chief Financial Officer American Express Senior Vice President Financial Advisors Inc. American Partners Life Director Insurance Company IDS Life Insurance Director Company Walter S. Berman Advisory Capital Partners LLC Treasurer Director, Senior Vice President and Treasurer Advisory Capital Strategies Treasurer Group Inc. Advisory Convertible Arbitrage LLC Treasurer Advisory Quantitative Treasurer Equity (General Partner) LLC Advisory Select LLC Treasurer American Centurion Life Vice President and Treasurer Assurance Company American Enterprise Life Vice President and Treasurer Insurance Company American Enterprise REO 1, LLC Treasurer American Express Asset Management Treasurer Group, Inc. American Express Asset Management Treasurer International, Inc. American Express Treasurer Certificate Company American Express Client Treasurer Service Corporation American Express Corporation Treasurer American Express Financial Director and Senior Vice President Advisors Inc. American Express Financial Vice President and Treasurer Advisors Japan Inc. American Express Insurance Treasurer Agency of Alabama Inc. American Express Insurance Treasurer Agency of Arizona Inc. American Express Insurance Treasurer Agency of Idaho Inc. American Express Insurance Treasurer Agency of Maryland Inc. American Express Insurance Treasurer Agency of Massachusetts Inc. American Express Insurance Treasurer Agency of Nevada Inc. American Express Insurance Treasurer Agency of New Mexico Inc. American Express Insurance Treasurer Agency of Oklahoma Inc. American Express Insurance Treasurer Agency of Wyoming Inc. American Express Property Treasurer Casualty Insurance Agency American Express Property Treasurer Casualty Insurance Agency of Kentucky, Inc. American Express Property Treasurer Casualty Insurance Agency of Maryland, Inc. American Express Property Treasurer Casualty Insurance Agency of Pennsylvania, Inc. American Partners Life Vice President and Treasurer Insurance Company AMEX Assurance Company Treasurer Boston Equity General Treasurer Partner LLC IDS Cable Corporation Treasurer IDS Cable II Corporation Treasurer IDS Capital Holdings Inc. Treasurer IDS Life Insurance Company Vice President and Treasurer IDS Life Insurance Company Vice President and Treasurer of New York IDS Management Corporation Treasurer IDS Partnership Services Treasurer Corporation IDS Property Casualty Treasurer Insurance Company IDS Realty Corporation Treasurer IDS REO 1, LLC Treasurer IDS REO 2, LLC Treasurer Investors Syndicate Vice President and Treasurer Development Corp. Kenwood Capital Treasurer Management LLC Threadneedle Asset Management Director Holdings LTD Robert C. Bloomer American Express Vice President - Technologies III Vice President - Financial Advisors Inc. Technologies III Leslie H. Bodell American Express Vice President - Technologies I Vice President - Financial Advisors Inc. Technologies I Randy L. Boser American Express Financial Vice President - Mutual Fund Vice President - Advisors Inc. Business Development Business Development IDS Life Insurance Company Vice President - Mutual Fund Business Development Kenneth J. Ciak AMEX Assurance Company Director, President and Chief Vice President and General Executive Officer Manager - IDS Property Casualty American Express Financial Vice President and General Advisors Inc. 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, President and Chief Insurance Company DePere, WI 54115 Executive Officer Paul A. Connolly American Express Financial Vice President - RL HR/US Retail Vice President - Retail Advisors Inc. Distribution Services James M. Cracchiolo American Express Financial Director, Chairman of the Board, Director, Chairman of Advisors Inc. President and Chief Executive Officer the Board, President and Chief Executive Officer Threadneedle Asset Director and Chairman of the Board Management Holdings LTD Colleen Curran American Express Financial Vice President and Vice President and Assistant Advisors Inc. Assistant General Counsel General Counsel Luz Maria Davis American Express Financial Vice President - Employee Vice President - Employee Advisors Inc. Communications Communications Paul James Dolan American Express Financial Vice President - CAO Product Sales Vice President - Advisors Inc. CAO Product Sales William V. Elliott American Express Financial Vice President - Financial Vice President - Financial Advisors Inc. Planning and Advice Planning and Advice Benjamin R. Field American Express Vice President - Finance Education & Vice President - Finance Financial Advisors Inc. Planning Services Education & Planning Services Gordon M. Fines American Express Asset Vice President - Senior Portfolio Vice President - Financial Management Group Inc. Manager Education & Planning Services American Express Financial Vice President - Senior Advisors Inc. Portfolio Manager I Giunero Floro American Express Vice President - Creative Services Vice President - Creative Financial Advisors Inc. Services Terrence J. Flynn American Express Vice President - Brokerage Clearing Vice President - Brokerage Financial Advisors Inc. Operations Clearing Operations American Enterprise President and Chief Executive Officer Investment Services Inc. American Express Client Director and Senior Vice President - Service Corporation Clearing Operations Jeffery P. Fox American Express Vice President - Investment Accounting Vice President - Financial Advisors Inc. Investment Accounting Laura C. Gagnon Vice President - Investor Relations Peter A. Gallus Advisory Capital Strategies Director, President, Chief Operating Vice President - Investment Group Inc. Officer and Chief Compliance Officer Administration Advisory Capital Partners LLC President, Chief Operating Officer, Chief Compliance Officer Advisory Convertible Arbitrage LLC President, Chief Operating Officer, Chief Compliance Officer Advisory Quantitative Equity (General Partner) LLC President, Chief Operating Officer, Chief Compliance Officer Advisory Select LLC Vice President and Chief Compliance Officer American Express Financial Vice President - CAO - AEFA Advisors Inc. Investment Management American Express Asset Senior Vice President, Chief Operating Management Group, Inc. Officer and Assistant Treasurer American Express Asset Assistant Treasurer Management International, Inc. Boston Equity General President, Chief Operating Officer, Partner LLC Chief Compliance Officer Kenwood Capital Management LLC Manager IDS Capital Holdings Inc. Vice President and Controller Michael R. Greene Vice President - Compliance/Legal/Regulatory Project Management Office Steven Guida American Express Client Director Vice President - New Service Corporation Business and Service American Express Financial Vice President - New Advisors Inc. Business and Service American Express Insurance Vice President Agency of Massachusetts Inc. Teresa A. Hanratty American Express Financial Senior Vice Senior Vice President - Advisors Inc. President - Field Management Field Management Lorraine R. Hart AMEX Assurance Company Vice President - Vice President - Fixed Income Investments Investment Administration Officer American Centurion Life 20 Madison Ave. Extension Vice President - Investments Assurance Company P.O. Box 5555 Albany, NY 12205-0555 American Enterprise Life 829 AXP Financial Center Vice President - Investments Insurance Company Minneapolis, MN 55474 American Enterprise 829 AXP Financial Center Vice President REO 1, LLC Minneapolis, MN 55474 American Express Vice President - Investments Certificate Company American Express Director, President and Chief Corporation Executive Officer American Express International Vice President - Investments Deposit Company American Express Financial Vice President - Fixed Income Advisors Inc. Investment Administration Officer American Partners Life 1751 AXP Financial Center Vice President - Investments Insurance Company Minneapolis, MN 55474 IDS Life Insurance Company Vice President - Investments IDS Life Insurance Company P.O. Box 5144 Vice President - Investments of New York Albany, NY 12205 IDS Property Casualty 1 WEG Blvd. Vice President - Investments Insurance Company DePere, WI 54115 IDS REO 1, LLC Vice President IDS REO 2, LLC Vice President Investors Syndicate Director and Vice Development Corp. President - Investments Janis K. Heaney American Express Financial Vice President - Incentive Vice President - Incentive Advisors Inc. Management Management Brian M. Heath American Express Financial Senior Vice President - Senior Vice President - Advisors Inc. Advisor Group Advisor Group Henry Heitman Vice President - Brokerage Product Development Nancy R. Hughes American Centurion Life Assistant Vice President Assistant Vice President Assurance Company American Enterprise Life Assistant Vice President Insurance Company American Enterprise REO 1 LLC Assistant Vice President American Express Certificate Assistant Vice President Company American Express Financial Assistant Vice President Corporation American Partners Life Assistant Vice President Insurance Company IDS Life Insurance Company Assistant Vice President IDS Life Insurance Company Assistant Vice President of New York IDS REO 1 LLC Assistant Vice President IDS REO 2 LLC Assistant Vice President Debra A. Hutchinson American Express Financial Vice President - Technologies I Vice President - Advisors Inc. Technologies I Andrew A. Jackson American Express Financial General Auditor General Auditor Advisors Inc. James M. Jensen American Express Financial Vice President - Compensation Vice President - Advice and Advisors Inc. and Licensing Services Retail Distribution Group, Product, Compensation and American Express Insurance Director, Vice President Field Administration Agency of Alabama Inc. American Express Insurance Director, Vice President Agency of Arizona Inc. American Express Insurance Director, Vice President Agency of Idaho Inc. American Express Insurance Director, Vice President Agency of Maryland Inc. American Express Insurance Director, Vice President Agency of Massachusetts Inc. American Express Insurance Director, Vice President Agency of Nevada Inc. American Express Insurance Director, Vice President Agency of New Mexico Inc. American Express Insurance Director, Vice President Agency of Oklahoma Inc. American Express Insurance Director, Vice President Agency of Wyoming Inc. Amy K. Johnson Vice President - Operations and Compliance Paul R. Johnston American Centurion Life Secretary Secretary Assurance Company American Enterprise Secretary Investment Services Inc. American Enterprise Life Secretary Insurance Company American Enterprise REO 1, LLC Secretary American Express Asset Management Secretary Group, Inc. American Express Asset Management Secretary International, Inc. American Express Client Secretary Service Corporation American Express Corporation Secretary American Express Financial Secretary Advisors Inc. American Express Financial Secretary Advisors Japan Inc. American Express Financial Secretary Corporation American Express Insurance Secretary Agency of Alabama Inc. American Express Insurance Secretary Agency of Arizona Inc. American Express Insurance Secretary Agency of Idaho Inc. American Express Insurance Secretary Agency of Maryland Inc. American Express Insurance Secretary Agency of Massachusetts Inc. American Express Insurance Secretary Agency of Nevada Inc. American Express Insurance Secretary Agency of New Mexico Inc. American Express Insurance Secretary Agency of Oklahoma Inc. American Express Insurance Secretary Agency of Wyoming Inc. American Express Property Vice President, General Counsel Casualty Insurance Agency and Secretary American Express Property Secretary Casualty Insurance Agency of Kentucky, Inc. American Express Property Secretary Casualty Insurance Agency of Maryland, Inc. American Express Property Secretary Casualty Insurance Agency of Pennsylvania, Inc. American Express Trust Company Secretary American Partners Life Assistant General Counsel Insurance Company and Secretary AMEX Assurance Company Director, General Counsel and Secretary IDS Cable Corporation Vice President and Secretary IDS Cable II Corporation Vice President and Secretary IDS Capital Holdings Inc. Secretary IDS Life Insurance Company Assistant General Counsel and Secretary IDS Life Insurance Company Secretary of New York IDS Management Corporation Vice President and Secretary IDS Partnership Services Vice President and Secretary Corporation IDS Property Casualty Director, Vice President, Insurance Company General Counsel and Secretary IDS Realty Corporation Vice President and Secretary IDS REO 1, LLC Secretary IDS REO 2, LLC Secretary Investors Syndicate Secretary Development Corp. Nancy E. Jones American Express Financial Vice President - Advisor Vice President - Advisor Advisors Inc. Marketing Marketing William A. Jones American Express Vice President - Technologies III Vice President - Financial Advisors Inc. Technologies III John C. Junek American Express Financial Senior Vice President and Senior Vice President Advisors Inc. General Counsel and General Counsel Ora J. Kaine American Express Financial Vice President - Retail Vice President - Retail Advisors Inc. Distribution Services Distribution Services Michelle M. Keeley AMEX Assurance Company Vice President-Investments Senior Vice President - Fixed Income American Centurion Life Vice President-Investments Assurance Company American Enterprise Life Vice President-Investments Insurance Company American Express Director and Senior Vice President - Asset Management Fixed Income Group, Inc. American Express Director Asset Management Group International Inc. American Express Vice President-Investments Certificate Company American Express Financial Senior Vice President-Fixed Income Advisors Inc. American Partners Life Vice President-Investments Insurance Company IDS Life Insurance Company Vice President-Investments IDS Life Insurance Company Vice President-Investments of New York Kenwood Capital Management LLC Manager Claire Kolmodin American Express Financial Vice President - Strategic Vice President - Strategic Advisors Inc. Initiatives Initiatives Christopher J. Kopka Advisory Capital Partners LLC Money Laundering Money Laundering Prevention Officer Prevention Officer Advisory Capital Strategies Money Laundering Group Inc. Prevention Officer Advisory Convertible Arbitrage LLC Money Laundering Prevention Officer Advisory Quantitative Money Laundering Equity (General Partner) LLC Prevention Officer Advisory Select LLC Money Laundering Prevention Officer American Enterprise Money Laundering Investment Services, Inc. Prevention Officer American Enterprise Life Money Laundering Insurance Company Prevention Officer American Express Asset Management Money Laundering Group, Inc. Prevention Officer American Express Asset Management Money Laundering International, Inc. Prevention Officer American Express Money Laundering Certificate Company Prevention Officer American Express Client Money Laundering Service Corporation Prevention Officer American Express Corporation Money Laundering Prevention Officer American Express Financial Money Laundering Advisors Inc. Prevention Officer American Express Financial Money Laundering Advisors Japan Inc. Prevention Officer American Express Insurance Money Laundering Agency of Alabama Inc. Prevention Officer American Express Insurance Money Laundering Agency of Arizona Inc. Prevention Officer American Express Insurance Money Laundering Agency of Idaho Inc. Prevention Officer American Express Insurance Money Laundering Agency of Maryland Inc. Prevention Officer American Express Insurance Money Laundering Agency of Massachusetts Inc. Prevention Officer American Express Insurance Money Laundering Agency of Nevada Inc. Prevention Officer American Express Insurance Money Laundering Agency of New Mexico Inc. Prevention Officer American Express Insurance Money Laundering Agency of Oklahoma Inc. Prevention Officer American Express Insurance Money Laundering Agency of Texas Inc. Prevention Officer American Express Insurance Money Laundering Agency of Wyoming Inc. Prevention Officer American Express Property Money Laundering Casualty Insurance Agency Prevention Officer American Express Property Money Laundering Casualty Insurance Agency Prevention Officer of Kentucky, Inc. American Express Property Money Laundering Casualty Insurance Agency Prevention Officer of Maryland, Inc. American Express Property Money Laundering Casualty Insurance Agency Prevention Officer of Mississippi, Inc. American Express Property Money Laundering Casualty Insurance Agency Prevention Officer of Pennsylvania, Inc. American Express Trust Company Money Laundering Prevention Officer American Partners Life Money Laundering Insurance Company Prevention Officer AMEX Assurance Company Money Laundering Prevention Officer Boston Equity General Money Laundering Partner LLC Prevention Officer IDS Cable Corporation Money Laundering Prevention Officer IDS Cable II Corporation Money Laundering Prevention Officer IDS Capital Holdings Inc. Money Laundering Prevention Officer IDS Insurance Agency of Utah Inc. Money Laundering Prevention Officer IDS Life Insurance Company Money Laundering Prevention Officer IDS Management Corporation Money Laundering Prevention Officer IDS Partnership Services Money Laundering Corporation Prevention Officer IDS Property Casualty Money Laundering Insurance Company Prevention Officer IDS Realty Corporation Money Laundering Prevention Officer Investors Syndicate Money Laundering Development Corporation Prevention Officer Lori J. Larson American Express Financial Vice President - Advisor Vice President - Advisor Advisors Inc. Field Force Growth & Field Force Growth & Retention Retention Daniel E. Laufenberg American Express Financial Vice President - Chief U.S. Economist Vice President and Chief Advisors Inc. U.S. Economist Jane W. Lee American Express Financial Vice President and General Vice President and General Advisors Inc. Manager Platinum Active Manager Platinum Financial Financial Services Services Catherine M. Libbe American Express Vice President - Marketing & Product Vice President - Financial Advisors Inc. Retirement Services Marketing & Product Retirement Services Diane D. Lyngstad American Express Financial Chief Financial Officer and Vice Vice President - Comp Advisors Inc. President - Comp and Licensing Services and Licensing Services American Express Client Director, Vice President and Chief Service Corporation Financial Officer Thomas A. Mahowald American Express Financial Vice President - Equity Research Vice President - Equity Advisors Inc. Research Timothy J. Masek American Express Financial Vice President - Fixed Income Research Vice President - Fixed Advisors Inc. Income Research Mark T. McGannon American Express Financial Vice President and Vice President and Advisors Inc. General Manager - Products Sales General Manager - Products Sales Brian J. McGrane American Express Vice President - Lead Financial Vice President - Financial Advisors Inc. Officer Finance Lead Financial Officer Finance Advisory Capital Partners LLC Vice President and Chief Financial Officer Advisory Capital Vice President and Chief Financial Strategies Group Inc. Officer Advisory Convertible Vice President and Chief Financial Arbitrage LLC Officer Advisory Quantitative Equity Vice President and Chief Financial (General Partner) LLC Officer Advisory Select LLC Vice President and Chief Financial Officer American Express Asset Vice President and Chief Financial Management Group Inc. Officer American Express Asset Vice President and Chief Financial Management International Inc. Officer American Express Vice President and Chief Financial Certificate Company Officer American Express Trust Company Director Boston Equity General Vice President and Chief Financial Partner LLC Officer Sarah M. McKenzie American Express Financial Vice President - Vice President - Advisors Inc. Managed and Brokerage Products Managed and Brokerage Products Penny J. Meier American Express Financial Vice President - Business Vice President - Business Advisors Inc. Transformation/Six Sigma Transformation/Six Sigma Paula R. Meyer American Express Financial Senior Vice President and General Senior Vice President Advisors Inc. Manager - Mutual Funds and General Manager - Mutual Funds American Express Certificate Director, President Chairman of the Company Board and Chief Executive Officer American Express Director and President International Deposit Company American Express Director Trust Company Investors Syndicate Director, President and Chief Development Corp. Executive Officer Holly Morris American Express Senior Vice President - Senior Vice President - Financial Advisors Inc. Technologies Technologies Rebecca A. Nash American Express Financial Vice President - Vice President - Advisors Inc. Service Operations Service Operations AMEX Assurance Company Vice President - Insurance IDS Property Casualty Vice President - Insurance Company Insurance B. Roger Natarajan American Enterprise Life Director, Vice President Vice President - Finance Insurance Company and Chief Actuary American Centurion Life Vice President and Chief Actuary Assurance Company American Express Financial Vice President - Finance Advisors Inc. American Partners Life Director and Chief Actuary Insurance Company IDS Life Insurance Company Director, Vice President and Chief Actuary IDS Life Insurance Company Vice President and Chief Actuary of New York Francois B. Odouard American Express Financial Vice President - Brokerage Vice President - Advisors Inc. Brokerage Michael J. O'Keefe American Express Financial Vice President - Advisory Vice President - Advisory Advisors Inc. Business Systems Business Systems Paul Pearson Vice President - SPS and External Products Kristi L. Petersen American Express Asset Vice President and Assistant Secretary Vice President - SPS and Management Group Inc. External Products American Express Financial Vice President - One Account Advisors Inc. and Cash IDS Cable Corporation Director, President and Chief Executive Officer IDS Cable II Corporation Director, President and Chief Executive Officer IDS Partnership Services Director, President and Chief Executive Corporation Officer IDS Realty Corporation Director, President and Chief Executive Officer Scott R. Plummer American Centurion Life 38a-1 Chief Compliance Officer Vice President - Assurance Company Asset Management Compliance American Enterprise Life 38a-1 Chief Compliance Officer Insurance Company American Express Certificate 38a-1 Chief Compliance Officer Company American Partners 38a-1 Chief Compliance Officer Life Insurance Company IDS Life Insurance Company 38a-1 Chief Compliance Officer IDS Life Insurance Company 38a-1 Chief Compliance Officer of New York Lisa Reitsma Vice President - Finance Emerging Technologies Mark A. Riordan American Express Vice President - Finance Vice President - Finance Financial Advisors Inc. Emerging Technologies Emerging Technologies ReBecca K. Roloff American Express Financial Senior Vice President - GFS Senior Vice President - Advisors Inc. GFS Andrew C. Schell American Express Financial Vice President - Strategy Vice President - Strategy Advisors Inc. and Planning and Planning Mark E. Schwarzmann American Enterprise Life Director, Chairman of the Board and Senior Vice President - Insurance Company Chief Executive Officer Insurance and Annuities American Express Financial Senior Vice President - Insurance Advisors Inc. and Annuities American Partners Life Director, Chairman of the Board and Insurance Company Chief Executive Officer IDS Life Insurance Company Director, Chairman of the Board and Chief Executive Officer Gary A. Scott American Express Vice President - Client Acquisition Vice President - Financial Advisors Inc. Marketing and Services Client Acquisition Marketing and Services Kim M. Sharan Senior Vice President and Chief Marketing Officer Jacqueline M. Sinjem American Express Financial Vice President - Plan Sponsor Vice President - Plan Advisors Inc. Services Sponsor Services American Express Trust Vice President Company Peter L. Slattery Advisory Select LLC President and Chief Operating Vice President - Marketing Officer Officer Development American Express Asset Senior Vice President Management Group Inc. IDS Futures Brokerage General Manager and Director Group IDS Futures Corporation Vice President Bridget M. Sperl American Express Client Director, Chairman of the Board; Senior Vice President - Service Corporation President and Chief Executive Officer Client Service Organization American Express Financial Senior Vice President - Advisors Inc. Client Service Organization IDS Life Insurance Company Executive Vice President - Client Service IDS Property Casualty Director Insurance Company Lisa A. Steffes American Express Financial Vice President - Marketing Vice President - Marketing Advisors Inc. Officer Development Officer Development AMEX Assurance Company Director IDS Property Casualty 1 WEG Blvd. Director Insurance Company DePere, WI 54115 David K. Stewart American Centurion Life Vice President and Controller Vice President - Assurance Company AEFA Controller and Treasurer American Enterprise Treasurer Investment Services Inc. American Enterprise Life Vice President and Controller Insurance Company American Express Vice President, Controller and Certificate Company Chief Accounting Officer American Express Vice President - AEFA Controller Financial Advisors Inc. and Treasurer American Partners Life Vice President and Controller Insurance Company IDS Life Insurance Vice President and Controller Company IDS Life Insurance Vice President and Controller Company of New York Caroline Stockdale-Boon American Express Senior Vice President - Senior Vice President - Financial Advisors Inc. Human Resources Human Resources Jeffrey J. Stremcha American Express Financial Vice President - Technologies I Vice President - Advisors Inc. Technologies I John T. Sweeney American Enterprise Investment Chief Financial Officer Vice President - Lead Services, Inc. Financial Officer - Products Group American Express Financial Vice President, Lead Financial Advisors Inc. Officer - Banking, Brokerage and Managed Products AMEX Assurance Company Director IDS Cable Corporation Director IDS Cable II Corporation Director IDS Partnership Director Services Corporation IDS Property Casualty Director Insurance Company IDS Realty Corporation Director Joseph E. Sweeney Senior Vice President - U.S. Brokerage and Membership Banking William F. "Ted" Truscott Advisory Capital Strategies Director Senior Vice President and Group Inc. Chief Investment Officer American Express Asset Director, President and Chairman of Management Group Inc. the Board, Chief Investment Officer American Express Asset Director Management International Inc. American Express Financial Senior Vice President and Advisors Inc. Chief Investment Officer IDS Capital Holdings Inc. Director and President Kenwood Capital Management LLC Manager Northwinds Marketing Group LLC Manager Threadneedle Asset Management Director Holdings George F. Tsafaridis American Express Vice President - Quality & Service Vice President - Financial Advisors Inc. Support Quality & Service Support Ramanathan Venkataramana American Express Financial Vice President - Technologies III Vice President - Advisors Inc. Technologies III Peter S. Velardi American Express Senior Vice President - Field Management Senior Vice President - Financial Advisors Inc. Field Management Andrew O. Washburn American Express Vice President - Mutual Fund Marketing Vice President - Financial Advisors Inc. Marketing Beth E. Weimer American Express Financial Vice President and Chief Vice President and Advisors Inc. Compliance Officer Chief Compliance Officer American Enterprise Life Chief Compliance Officer Insurance Company American Express Client Chief Compliance Officer Service Corporation IDS Life Insurance Company Chief Compliance Officer Jeffery A. Williams American Express Financial Senior Vice President - Senior Vice President - Advisors Inc. Cross-Sell/Strategic Cross-Sell/Strategic Management Management William J. Williams American Express Senior Vice President - Field Management Senior Vice President - Financial Advisors Inc. Field Management Dianne L. Wilson American Express Vice President - Insurance Operations Vice President - Financial Advisors Inc. Insurance Operations Amex Assurance Company Director and Senior Vice President 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 Property Casualty Company Director and Senior Vice President Michael D. Wolf American Express Financial Vice President and Equity Vice President and Senior Advisors Inc. Senior Portfolio Manager Portfolio Manager Michael R. Woodward American Express Financial Senior Vice President - Senior Vice President - Advisors Inc. Field Management Field Management American Centurion Life 20 Madison Ave. Extension Director Assurance Company Albany, NY 12205-0555 IDS Life Insurance Company P.O. Box 5144 Director of New York Albany, NY 12205 John Woener Senior Vice President - Strategic Planning and Business Development * Unless otherwise noted, address is 70100 AXP Financial Center, Minneapolis, MN 55474.
Item 27. Principal Underwriters. (a) American Express Financial Advisors acts as principal underwriter for the following investment companies: AXP California Tax-Exempt Trust; AXP Dimensions Series, Inc.; AXP Discovery Series, Inc.; AXP Equity Series, Inc.; AXP Fixed Income Series, Inc.; AXP Global Series, Inc.; AXP Government Income Series, Inc.; AXP Growth Series, Inc.; AXP High Yield Income Series, Inc.; AXP High Yield Tax-Exempt Series, Inc.; AXP Income Series, Inc.; AXP International Series, Inc.; AXP Investment Series, Inc.; AXP Managed Series, Inc.; AXP Market Advantage Series, Inc.; AXP Money Market Series, Inc.; AXP Partners Series, Inc.; AXP Partners International Series, Inc.; AXP Progressive Series, Inc.; AXP Sector Series, Inc.; AXP Selected Series, Inc.; AXP Special Tax-Exempt Series Trust; AXP Stock Series, Inc.; AXP Strategy Series, Inc.; AXP Tax-Exempt Series, Inc.; AXP Tax-Free Money Series, Inc.; Growth Trust; Growth and Income Trust; Income Trust; Tax-Free Income Trust; World Trust; American Express Certificate Company; Advisory Hedged Opportunity Fund. (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 Gumer C. Alvero Vice President - General None Manager Annuities Ward D. Armstrong Senior Vice President - None Retirement Services and Asset Management Group John M. Baker Vice President - Chief None Client Service Officer Dudley Barksdale Vice President - Service None Development Timothy V. Bechtold Vice President - None Insurance Products Arthur H. Berman Senior Vice President None Walter S. Berman Director and Senior Vice President None Robert C. Bloomer Vice President - Technologies III None Leslie H. Bodell Vice President - Technologies I None Rob Bohli Group Vice President - None 10375 Richmond Avenue #600 South Texas Houston, TX 77042 Walter K. Booker Group Vice President - None 61 South Paramus Road New Jersey Mack-Cali Office Center IV, 3rd Floor Paramus, NJ 07652 Bruce J. Bordelon Group Vice President - None 1333 N. California Blvd., Northern California Suite 200 Walnut Creek, CA 94596 Randy L. Boser Vice President - Mutual Fund None Business Development 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 - RL HR/US Retail None James M. Cracchiolo Director, President, Chairman of None the Board and Chief Executive Officer Colleen Curran Vice President and None Assistant General Counsel Luz Maria Davis Vice President - Employee None Communications Arthur E. DeLorenzo Group Vice President - None 4 Atrium Drive, #100 Upstate New York/Vermont Albany, NY 12205 Scott M. DiGiammarino Group Vice President - None Suite 500, 8045 Leesburg Washington D.C./Baltimore Pike Vienna, VA 22182 Paul James Dolan Vice President - CAO Product Sales Kenneth Dykman Group Vice President - None 6000 28th Street South East Greater Michigan Suite 200 Grand Rapids, MI 49546 William V. Elliot Vice President - Financial None Planning and Advice Benjamin R. Field Vice President - Finanace None Education and Planning Services Gordon M. Fines Vice President - Senior None Portfolio Manager I Giunero Floro Vice President - Creative None Services Terrence J. Flynn Vice President - Brokerage None Clearing Operations Jeffrey P. Fox Vice President - Investment Treasurer Accounting Peter A. Gallus Vice President - CAO - AEFA None Investment Management Gary W. Gassmann Group Vice President - None 2677 Central Park Boulevard Detroit Metro Suite 350 Southfield, MN 48076 Diana T. Gossett Group Vice President - None Great Plains John C. Greiber Group Vice President - None Minnesota/Iowa Steven Guida Vice President - None New Business and Service Teresa A. Hanratty Senior Vice President - None Suites 6&7 Field Management 169 South River Road Bedford, NH 03110 Lorraine R. Hart Vice President - Fixed Income None Investments Administration Officer Janis K. Heaney Vice President - None Incentive Management Brian M. Heath Senior Vice President - None Suite 150 Advisor Group 801 E. Campbell Road Richardson, TX 75081 Jon E. Hjelm Group Vice President - None 655 Metro Place South Ohio Valley Suite 570 Dublin, OH 43017 David X. Hockenberry Group Vice President - None 830 Crescent Centre Drive Mid South Suite 490 Franklin, TN 37067-7217 Debra A. Hutchinson Vice President - Technologies I None Theodore M. Jenkin Group Vice President - None 6000 Freedom Square Drive Steel Cities Suite 300 Cleveland, OH 44131 James M. Jensen Vice President - None Compensation and Licensing Services Jody M. Johnson Group Vice President - None Twin Cities Metro Paul R. Johnston Secretary Nancy E. Jones Vice President - Advisor None Marketing William A. Jones Vice President - Technologies III None John C. Junek Senior Vice President and None General Counsel Ora J. Kaine Vice President - None Retail Distribution Services Michelle M. Keeley Senior Vice President - None Fixed Income Raymond G. Kelly Group Vice President - None Suite 250 Northern Texas 801 East Campbell Road Richardson, TX 75081 Claire Kolmodin Vice President - Strategic None Initiatives Christopher J. Kopka Money Laundering Prevention Non Officer Mitre Kutanovski Group Vice President - None 125 South Wacker Drive Chicago Metro Suite 1550 Chicago, IL 60606 Lori J. Larson Vice President - Advisor None Field Force Growth and Retention Daniel E. Laufenberg Vice President - Chief None U.S. Economist Jane W. Lee Vice President - General None Manager Platinum Financial Services Catherine M. Libbe Vice President - Marketing None & Product Retirement Services Diane D. Lyngstad Chief Financial Officer and None Vice President - Comp and Licensing Services Thomas A. Mahowald Vice President - Equity Research None Timothy J. Masek Vice President - None Fixed Income Research Frank A. McCarthy Vice President - External None Products Group and Personal Trust Services Mark T. McGannon Vice President and General None Manager - Products Sales Brian J. McGrane Vice President and LFO None Officer - Finance Dean O. McGill Group Vice President - None 11835 W. Olympic Blvd Los Angeles Metro Suite 900 East Los Angeles, CA 90064 Sarah M. McKenzie Vice President - Managed and None Brokerage Products Penny J. Meier Vice President - Business None Transformation/Six Sigma Paula R. Meyer Senior Vice President and President General Manager - Mutual Funds Holly Morris Senior Vice President - None Technologies Rebecca A. Nash Vice President - Service Non Operations B. Roger Natarajan Vice President - Finance None Thomas V. Nicolosi Group Vice President - None Suite 220 New York Metro Area 500 Mamaroneck Ave. Harrison, NY 10528 Patrick H. O'Connell Group Vice President - None Commerce Center One Southern New England 333 East River Hartford, CT 06108-4200 Francois B. Odouard Vice President - Brokerage None Michael J. O'Keefe Vice President - None Advisory Business Systems Geoffery Oprandy Group Vice President - Southwest None 11811 N. Tatum Blvd. Suite 1030 Phoenix, AZ 85028 Kristi L. Petersen Vice President - ONE Account None and Cash John G. Poole Group Vice President - None 14755 North Outer Forty Road Gateway/Springfield Suite 500 Chesterfield, MO 63017 Larry M. Post Group Vice President - None 2 Constitution Plaza New England Charlestown, MA 02129 Michael J. Rearden Group Vice President - None 1800 S. Pine Island Road, Suite 510 Southern Florida Plantation, FL 33324 Ralph D. Richardson III Group Vice President - None Suite 800 Carolinas Arboretum Plaza One 9442 Capital of Texas Hyw. N. Austin, TX 78759 Mark A. Riordan Vice President - Finance None Emerging Technologies ReBecca K. Roloff Senior Vice President - None GFS Maximillian G. Roth Group Vice President - None 1400 Lombardi Avenue Wisconsin/Upper Michigan Suite 202 Green Bay, WI 54304 Russell L. Scalfano Group Vice President - None Suite 201 Illinois/Indiana/Kentucky 101 Plaza East Blvd. Evansville, IN 47715 Andrew C. Schell Vice President - Strategy None and Planning Mark E. Schwarzmann Senior Vice President - None Insurance and Annuities Gary A. Scott Vice President - Client None Acquisition Marketing and Services Jacqueline M. Sinjem Vice President - Plan None Sponsor Services Albert L. Soule Group Vice President - None 6925 Union Park Center Western Frontier Suite 200 Midvale, UT 84047 Bridget M. Sperl Senior Vice President - None Client Service Organization Kathy Stalwick Vice President None Paul J. Stanislaw Group Vice President - None Suite 1100 Southern California/Hawaii Two Park Plaza Irvine, CA 92614 Lisa A. Steffes Vice President - None Marketing Officer Development David K. Stewart Vice President - AEFA Controller None and Treasurer Caroline Stockdale-Boon Senior Vice President - None Human Resources Jeffrey J. Stremcha Vice President - Technologies I None John T. Sweeney Vice President, Lead Financial None Officer - Banking, Brokerage and Managed Products Joseph E. Sweeney Senior Vice President, None General Manager - U.S. Brokerage and Membership Banking Craig P. Taucher Group Vice President - None Suite 150 Georgia/North Florida 4190 Belfort Rd. Jackonville, FL 32216 Neil G. Taylor Group Vice President - None 188 106th Avenue NE Pacific Northwest Suite 640 Bellevue, WA 98004-5902 William F. "Ted" Truscott Senior Vice President and Board member and Chief Investment Officer Vice President George F. Tsafaridis Vice President - Quality & None Service Support Janet M. Vandenbark Group Vice President - None 3951 Westerre Parkway, Suite 250 Virginia Richmond, VA 23233 Ramanathan Venkataramanan Vice President - Technologies III None Peter S. Velardi Senior Vice President - None Field Management Andrew O. Washburn Vice President - None Mutual Fund Marketing Donald F. Weaver Group Vice President - None 3500 Market Street, Eastern Pennsylvania/ Suite 200 Delaware Camp Hill, PA 17011 Beth E. Weimer Vice President and None Chief Compliance Officer Phil Wentzel Vice President - Finance None Jeffrey A. Williams Senior Vice President - None Cross-Sell/Strategic Management William J. Williams Senior Vice President - None Field Management Dianne L. Wilson Vice President - Insurance None Operations Gayle W. Winfree Group Vice President - None 1 Galleria Blvd. Suite 1900 Delta States Metairie, LA 70001 Michael D. Wolf Vice President - Equity Senior None Portfolio Manager Abraham L. Wons Vice President - Investments Risk None Management Michael R. Woodward Senior Vice President - None 32 Ellicott St Field Management Suite 100 Batavia, NY 14020
* Business address is: 70100 AXP Financial Center, Minneapolis, MN 55474 unless otherwise noted. 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 and the Investment Company Act, the Registrant, AXP California Tax-Exempt Trust, 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 State of Minnesota on the 21st day of June, 2005. AXP CALIFORNIA TAX-EXEMPT TRUST By /s/ Paula R. Meyer ---------------------- Paula R. Meyer, President By /s/ Jeffrey P. Fox ---------------------- Jeffrey P. Fox, 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 21st day of June, 2005. Signature Capacity /s/ Arne H. Carlson* Chair of the Board --------------------- Arne H. Carlson /s/ Philip J. Carroll, Jr.* Director --------------------------- Philip J. Carroll, Jr. /s/ Livio D. DeSimone* Director ----------------------- Livio D. DeSimone /s/ Patricia M. Flynn* Director ------------------------ Patricia M. Flynn /s/ Anne P. Jones* Director ------------------- Anne P. Jones /s/ Stephen R. Lewis, Jr.* Director ----------------------------- Stephen R. Lewis, Jr. /s/ Catherine James Paglia* Director ----------------------------- Catherine James Paglia /s/ Alan K. Simpson* Director --------------------- Alan K. Simpson /s/ Alison Taunton-Rigby* Director --------------------------- Alison Taunton-Rigby /s/ William F. Truscott* Director ------------------------- William F. Truscott * Signed pursuant to Directors/Trustees' Power of Attorney, dated Nov. 11, 2004, filed electronically herewith as Exhibit (q)(1), by: /s/ Leslie L. Ogg ----------------- Leslie L. Ogg CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 34 TO REGISTRATION STATEMENT NO. 33-5103 This Post-Effective Amendment comprises the following papers and documents: The facing sheet. Part A. The prospectus. Part B. Statement of Additional Information. Part C. Other information. The signatures.