-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Lj4k5FJtOFx3gvN/YXQCA/G413uYX7gH/ikBqZtLkw9rHyBVsb15CflnORsE/1M1 26pY9HuAXGqYepMWHGQIMA== 0000820027-01-500592.txt : 20020413 0000820027-01-500592.hdr.sgml : 20020413 ACCESSION NUMBER: 0000820027-01-500592 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20011031 FILED AS OF DATE: 20011219 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AXP GLOBAL SERIES INC CENTRAL INDEX KEY: 0000842918 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MN FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-05696 FILM NUMBER: 1817735 BUSINESS ADDRESS: STREET 1: IDS TOWER 10 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 BUSINESS PHONE: 6126712772 FORMER COMPANY: FORMER CONFORMED NAME: IDS GLOBAL BOND FUND INC DATE OF NAME CHANGE: 19901011 FORMER COMPANY: FORMER CONFORMED NAME: IDS GLOBAL SERIES INC DATE OF NAME CHANGE: 19920703 NSAR-B 1 answer.fil AXP GLOBAL SERIES, INC. 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V020400 0.00 074 W000400 0.0000 074 X000400 18614 074 Y000400 0 075 A000400 0 075 B000400 160557 076 000400 0.00 080 A000400 TRAVERLERS CASUALTY & SURETY CO OF AMERICA 080 C000400 600 081 A000400 N 081 B000400 0 082 A000400 N 082 B000400 0 083 A000400 N 083 B000400 0 084 A000400 N 084 B000400 0 085 A000400 Y 085 B000400 N 028 A010500 14251 028 A020500 0 028 A030500 0 028 A040500 8255 028 B010500 13146 028 B020500 0 028 B030500 0 028 B040500 7529 028 C010500 12917 PAGE 16 028 C020500 0 028 C030500 0 028 C040500 11031 028 D010500 9082 028 D020500 0 028 D030500 0 028 D040500 10052 028 E010500 6180 028 E020500 0 028 E030500 0 028 E040500 10424 028 F010500 9002 028 F020500 0 028 F030500 0 028 F040500 5499 028 G010500 64578 028 G020500 0 028 G030500 0 028 G040500 52790 028 H000500 11529 029 000500 Y 030 A000500 1912 030 B000500 5.75 030 C000500 0.00 031 A000500 1042 031 B000500 0 032 000500 0 033 000500 870 034 000500 Y 035 000500 101 036 A000500 N 036 B000500 0 042 A000500 0 042 B000500 0 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073 B000500 0.0000 073 C000500 0.0000 074 A000500 0 PAGE 18 074 B000500 0 074 C000500 0 074 D000500 0 074 E000500 0 074 F000500 0 074 G000500 0 074 H000500 0 074 I000500 0 074 J000500 0 074 K000500 0 074 L000500 0 074 M000500 217846 074 N000500 217846 074 O000500 0 074 P000500 5 074 Q000500 0 074 R010500 0 074 R020500 0 074 R030500 0 074 R040500 151 074 S000500 0 074 T000500 217690 074 U010500 91275 074 U020500 49664 074 V010500 0.00 074 V020500 0.00 074 W000500 0.0000 074 X000500 75721 074 Y000500 0 075 A000500 0 075 B000500 325716 076 000500 0.00 080 A000500 N/A 080 C000500 0 081 A000500 N 081 B000500 0 082 A000500 N 082 B000500 0 083 A000500 N 083 B000500 0 084 A000500 N 084 B000500 0 085 A000500 N 085 B000500 N SIGNATURE LESLIE L. OGG TITLE VICE PRESIDENT Changes in investment policies for the Fiscal Year Ended 10/31/01 for: AXP GLOBAL SERIES, INC. AXP Emerging Markets Fund AXP Global Balanced Fund AXP Global Bond Fund AXP Global Growth Fund AXP Innovations Fund Changes in investment policy for AXP Emerging Markets Fund: RESOLVED, That under normal market conditions at least 80% of the Fund's net assets shall be invested in companies located in securities of emerging market countries. Emerging markets countries are countries characterized as developing or emerging by either the World Bank or the United Nations; and further RESOLVED, That the Fund shall provide shareholders with at least 60 days notice of any change in this 80% policy. For Global Balanced Fund: There were no changes in investment policies for this period. Changes in investment policy for AXP Global Bond Fund: RESOLVED, That under normal market conditions at least 80% of the Fund's net assets shall be invested in debt securities including money market instruments of issuers located in at least three different countries. RESOLVED, That the Fund shall provide shareholders with at least 60 days notice of any change in this 80% policy. For Global Growth Fund Fund: There were no changes in investment policies for this period. Changes in investment policy for AXP Innovations Fund: RESOLVED, That under normal market conditions, at least 80% of the Fund's net assets shall be invested in securities of companies in the technology industry; and further RESOLVED, That the Fund shall provide shareholders with at least 60 days notice of any change in the 80% policy Independent Auditors' Report on Internal Accounting Control The Board of Directors and Shareholders AXP Global Series, Inc.: In planning and performing our audits of the financial statements of AXP Global Growth Fund, AXP Global Bond Fund, AXP Emerging Markets Fund, AXP Innovations Fund, and AXP Global Balanced Fund (funds within AXP Global Series, Inc.) for the year ended October 31, 2001, we considered its internal control, including control activities for safeguarding securities, in order to determine our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, not to provide assurance on internal control. The management of AXP Global Series, Inc. is responsible for establishing and maintaining internal control. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. Generally, controls that are relevant to an audit pertain to the entity's objective of preparing financial statements for external purposes that are fairly presented in conformity with generally accepted accounting principles. Those controls include the safeguarding of assets against unauthorized acquisition, use, or disposition. Because of inherent limitations in internal control, error or fraud may occur and not be detected. Also, projection of any evaluation of internal control to future periods is subject to the risk that it may become inadequate because of changes in conditions or that the effectiveness of the design and operation may deteriorate. Our consideration of internal control would not necessarily disclose all matters in the internal control that might be material weaknesses under standards established by the American Institute of Certified Public Accountants. A material weakness is a condition in which the design or operation of one or more of the internal control components does not reduce to a relatively low level the risk that misstatements caused by error or fraud in amounts that would be material in relation to the financial statements being audited may occur and not be detected within a timely period by employees in the normal course of performing their assigned functions. However, we noted no matters involving internal control and its operation, including controls for safeguarding securities, that we consider to be material weaknesses as defined above. This report is intended solely for the information and use of management, the Board of Directors of AXP Global Series, Inc. and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties. /s/ KPMG LLP - ------------- KPMG LLP Minneapolis, Minnesota December 7, 2001 -----END PRIVACY-ENHANCED MESSAGE-----