<ARTICLE> 6

   <NUMBER> 15
   <NAME> AXP GLOBAL BALANCED FUND CLASS B

                                     
<PERIOD-TYPE>                                             YEAR
<FISCAL-YEAR-END>                                  OCT-31-2000
<PERIOD-END>                                       OCT-31-2000
<INVESTMENTS-AT-COST>                                186228394
<INVESTMENTS-AT-VALUE>                               184734862
<RECEIVABLES>                                          7581259
<ASSETS-OTHER>                                           11970
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                       192328091
<PAYABLE-FOR-SECURITIES>                               4119487
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                               125670
<TOTAL-LIABILITIES>                                    4245157
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                             175218137
<SHARES-COMMON-STOCK>                                 12413597
<SHARES-COMMON-PRIOR>                                 10295711
<ACCUMULATED-NII-CURRENT>                                25616
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                               14382921
<OVERDISTRIBUTION-GAINS>                                     0
<ACCUM-APPREC-OR-DEPREC>                              (1543740)
<NET-ASSETS>                                          77040379
<DIVIDEND-INCOME>                                      1144692
<INTEREST-INCOME>                                      3802776
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                         3102456
<NET-INVESTMENT-INCOME>                                1845012
<REALIZED-GAINS-CURRENT>                              12652945
<APPREC-INCREASE-CURRENT>                            (11441182)
<NET-CHANGE-FROM-OPS>                                  3056775
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                              (188858)
<DISTRIBUTIONS-OF-GAINS>                              (5406811)
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                                3551107
<NUMBER-OF-SHARES-REDEEMED>                            2266065
<SHARES-REINVESTED>                                     832844
<NET-CHANGE-IN-ASSETS>                                20430103
<ACCUMULATED-NII-PRIOR>                                 510547
<ACCUMULATED-GAINS-PRIOR>                             13223815
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
<GROSS-ADVISORY-FEES>                                  1382250
<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                        3129241
<AVERAGE-NET-ASSETS>                                  78129228
<PER-SHARE-NAV-BEGIN>                                     6.58
<PER-SHARE-NII>                                            .04
<PER-SHARE-GAIN-APPREC>                                    .12
<PER-SHARE-DIVIDEND>                                      (.02)
<PER-SHARE-DISTRIBUTIONS>                                 (.51)
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       6.21
<EXPENSE-RATIO>                                           2.07