Exhibit 77I


        For AXP Emerging Markets and AXP Global Bond Fund:

        Class I shares are offered exclusively to certain institutional
        investors at net asset value without an initial sales charge or
        contingent deferred sales charge on redemption. Class I shares do not
        have annual distribution and service fees, and do not convert to any
        other class of shares.

        Eligible investors include any fund distributed by American Express
        Financial Advisors Inc., if the fund seeks to achieve its investment
        objective by investing primarily in shares of the Fund and other
        American Express Funds.