<ARTICLE> 6

      <NUMBER> 5
      <NAME> AXP GLOBAL BOND FUND CLASS Y

                                                  
<PERIOD-TYPE>                                                  YEAR
<FISCAL-YEAR-END>                                       OCT-31-2000
<PERIOD-END>                                            OCT-31-2000
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<SHARES-COMMON-STOCK>                                          3055
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<NET-INVESTMENT-INCOME>                                    35953855
<REALIZED-GAINS-CURRENT>                                  (21573954)
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<NET-CHANGE-FROM-OPS>                                     (36345188)
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<SHARES-REINVESTED>                                              31
<NET-CHANGE-IN-ASSETS>                                   (289118160)
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<GROSS-EXPENSE>                                            10364186
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<PER-SHARE-NAV-BEGIN>                                          5.87
<PER-SHARE-NII>                                                 .35
<PER-SHARE-GAIN-APPREC>                                        (.62)
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<EXPENSE-RATIO>                                                1.14