<ARTICLE> 6

      <NUMBER> 11
      <NAME> AXP EMERGING MARKETS FUND CLASS B

                                                  
<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>                                      354176075
<TOTAL-ASSETS>                                            354176075
<PAYABLE-FOR-SECURITIES>                                          0
<SENIOR-LONG-TERM-DEBT>                                           0
<OTHER-ITEMS-LIABILITIES>                                     64736
<TOTAL-LIABILITIES>                                           64736
<SENIOR-EQUITY>                                                   0
<PAID-IN-CAPITAL-COMMON>                                  449506395
<SHARES-COMMON-STOCK>                                      25664572
<SHARES-COMMON-PRIOR>                                      26573744
<ACCUMULATED-NII-CURRENT>                                      1599
<OVERDISTRIBUTION-NII>                                            0
<ACCUMULATED-NET-GAINS>                                           0
<OVERDISTRIBUTION-GAINS>                                   68111644
<ACCUM-APPREC-OR-DEPREC>                                  (27285011)
<NET-ASSETS>                                              119925954
<DIVIDEND-INCOME>                                           4943315
<INTEREST-INCOME>                                           1802765
<OTHER-INCOME>                                                    0
<EXPENSES-NET>                                              9718428
<NET-INVESTMENT-INCOME>                                    (2972348)
<REALIZED-GAINS-CURRENT>                                   64743563
<APPREC-INCREASE-CURRENT>                                 (78218552)
<NET-CHANGE-FROM-OPS>                                     (16447337)
<EQUALIZATION>                                                    0
<DISTRIBUTIONS-OF-INCOME>                                         0
<DISTRIBUTIONS-OF-GAINS>                                          0
<DISTRIBUTIONS-OTHER>                                             0
<NUMBER-OF-SHARES-SOLD>                                     6042695
<NUMBER-OF-SHARES-REDEEMED>                                 6951867
<SHARES-REINVESTED>                                               0
<NET-CHANGE-IN-ASSETS>                                    (27141777)
<ACCUMULATED-NII-PRIOR>                                       33585
<ACCUMULATED-GAINS-PRIOR>                                         0
<OVERDISTRIB-NII-PRIOR>                                           0
<OVERDIST-NET-GAINS-PRIOR>                                129070204
<GROSS-ADVISORY-FEES>                                       1880326
<INTEREST-EXPENSE>                                                0
<GROSS-EXPENSE>                                             9752808
<AVERAGE-NET-ASSETS>                                      157574209
<PER-SHARE-NAV-BEGIN>                                          4.88
<PER-SHARE-NII>                                                (.07)
<PER-SHARE-GAIN-APPREC>                                        (.14)
<PER-SHARE-DIVIDEND>                                              0
<PER-SHARE-DISTRIBUTIONS>                                         0
<RETURNS-OF-CAPITAL>                                              0
<PER-SHARE-NAV-END>                                            4.67
<EXPENSE-RATIO>                                                2.60