<ARTICLE> 6

      <NUMBER> 2
      <NAME> AXP GLOBAL BOND FUND CLASS A

                                                  
<PERIOD-TYPE>                                                  YEAR
<FISCAL-YEAR-END>                                       OCT-31-2000
<PERIOD-END>                                            OCT-31-2000
<INVESTMENTS-AT-COST>                                             0
<INVESTMENTS-AT-VALUE>                                            0
<RECEIVABLES>                                                     0
<ASSETS-OTHER>                                                    0
<OTHER-ITEMS-ASSETS>                                      544405161
<TOTAL-ASSETS>                                            544405161
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                    422877
<TOTAL-LIABILITIES>                                          422877
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  633183372
<SHARES-COMMON-STOCK>                                      72154557
<SHARES-COMMON-PRIOR>                                     101928616
<ACCUMULATED-NII-CURRENT>                                   1179408
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                    6920325
<ACCUM-APPREC-OR-DEPREC>                                  (83460171)
<NET-ASSETS>                                              389259271
<DIVIDEND-INCOME>                                            194097
<INTEREST-INCOME>                                          46066101
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                             10306343
<NET-INVESTMENT-INCOME>                                    35953855
<REALIZED-GAINS-CURRENT>                                  (21573954)
<APPREC-INCREASE-CURRENT>                                 (50725089)
<NET-CHANGE-FROM-OPS>                                     (36345188)
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                  17281200
<DISTRIBUTIONS-OF-GAINS>                                          0
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                    12401507
<NUMBER-OF-SHARES-REDEEMED>                                44671707
<SHARES-REINVESTED>                                         2496141
<NET-CHANGE-IN-ASSETS>                                   (289118160)
<ACCUMULATED-NII-PRIOR>                                     4062417
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                   956696
<GROSS-ADVISORY-FEES>                                       3821017
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                            10364186
<AVERAGE-NET-ASSETS>                                      482801497
<PER-SHARE-NAV-BEGIN>                                          5.87
<PER-SHARE-NII>                                                 .34
<PER-SHARE-GAIN-APPREC>                                        (.63)
<PER-SHARE-DIVIDEND>                                            .19
<PER-SHARE-DISTRIBUTIONS>                                         0
<RETURNS-OF-CAPITAL>                                              0
<PER-SHARE-NAV-END>                                            5.39
<EXPENSE-RATIO>                                                1.30