<ARTICLE> 6

   <NUMBER> 16
   <NAME>AXP GLOBAL BALANCED FUND CLASS C

                                 
<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>                             20623
<SHARES-COMMON-PRIOR>                                 0
<ACCUMULATED-NII-CURRENT>                         25616
<OVERDISTRIBUTION-NII>                                0
<ACCUMULATED-NET-GAINS>                        14382921
<OVERDISTRIBUTION-GAINS>                              0
<ACCUM-APPREC-OR-DEPREC>                       (1543740)
<NET-ASSETS>                                     128140
<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>                             0
<DISTRIBUTIONS-OF-GAINS>                              0
<DISTRIBUTIONS-OTHER>                                 0
<NUMBER-OF-SHARES-SOLD>                           20623
<NUMBER-OF-SHARES-REDEEMED>                           0
<SHARES-REINVESTED>                                   0
<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>                              35732
<PER-SHARE-NAV-BEGIN>                              6.58
<PER-SHARE-NII>                                     .01
<PER-SHARE-GAIN-APPREC>                            (.38)
<PER-SHARE-DIVIDEND>                                .00
<PER-SHARE-DISTRIBUTIONS>                           .00
<RETURNS-OF-CAPITAL>                                  0
<PER-SHARE-NAV-END>                                6.21
<EXPENSE-RATIO>                                    2.07