0000820027-05-000019.txt : 20120629
0000820027-05-000019.hdr.sgml : 20120629
20050125102828
ACCESSION NUMBER: 0000820027-05-000019
CONFORMED SUBMISSION TYPE: 40-17F2
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20050125
DATE AS OF CHANGE: 20050125
EFFECTIVENESS DATE: 20050125
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: AXP GLOBAL SERIES INC
CENTRAL INDEX KEY: 0000842918
IRS NUMBER: 411850486
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 40-17F2
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-05696
FILM NUMBER: 05546104
BUSINESS ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: H27/52
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
BUSINESS PHONE: 6126712772
MAIL ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: H27/52
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
FORMER COMPANY:
FORMER CONFORMED NAME: IDS GLOBAL SERIES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: IDS GLOBAL BOND FUND INC
DATE OF NAME CHANGE: 19901011
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: AXP GLOBAL SERIES INC
CENTRAL INDEX KEY: 0000842918
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 411850486
STATE OF INCORPORATION: MN
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 40-17F2
BUSINESS ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: H27/52
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
BUSINESS PHONE: 6126712772
MAIL ADDRESS:
STREET 1: 50606 AXP FINANCIAL CENTER
STREET 2: H27/52
CITY: MINNEAPOLIS
STATE: MN
ZIP: 55474
FORMER COMPANY:
FORMER CONFORMED NAME: IDS GLOBAL SERIES INC
DATE OF NAME CHANGE: 19920703
FORMER COMPANY:
FORMER CONFORMED NAME: IDS GLOBAL BOND FUND INC
DATE OF NAME CHANGE: 19901011
40-17F2
1
global17f2.txt
AXP GLOBAL SERIES, INC.
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM N-17f-2
Certificate of Accounting of Securities and Similar
Investments in the Custody of
Management Investment Companies
Pursuant to Rule 17f-2 [17 CFR 270.17f-2]
1. Investment Company Act File Number: Date examination completed:
811-5696 January 21, 2005
2. State identification Number:
AL AK AZ AR CA CO
CT DE DC FL GA HI
ID IL IN IA KS KY
LA ME MD MA MI MN
MS MO MT NE NV NH
NJ NM NY NC ND OH
OK OR PA RI SC SD
TN TX UT VT VA WA
WV WI WY PUERTO RICO
Other (specify):
3. Exact name of investment company as specified in registration statement:
AXP GLobal Series, Inc.
4. Address of principal executive office (number,street,city,state,zip code):
200 AXP Financial Center, Minneapolis, MN 55474
THIS FORM MUST BE GIVEN TO YOUR INDEPENDENT PUBLIC ACCOUNTANT
Report of Independent Registered Public Accounting Firm
To the Board of Directors of
AXP Global Series, Inc.:
We have examined management's assertion, included in the accompanying Management
Statement Regarding Compliance with Certain Provisions of the Investment Company
Act of 1940, that AXP(R) Threadneedle Global Balanced Fund of AXP Global Series,
Inc. (the Fund) complied with the provisions of subsection (b) and (c) of Rule
17f-2 under the Investment Company Act of 1940 as of October 31, 2004 and during
the period May 31, 2004 (the date of our last examination) through October 31,
2004. Management is responsible for the Fund's compliance with those provisions.
Our responsibility is to express an opinion on management's assertion about the
Fund's compliance based on our examination.
Our examination was made in accordance with standards established by the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Fund's compliance with those
requirements and performing such other procedures as we considered necessary in
the circumstances. Included among our procedures were the following tests
performed as of October 31, 2004 and during the period May 31, 2004 through
October 31, 2004, with respect to securities transactions:
o Count and inspection of all securities located in the vault, if any, of
American Express Trust Company, the Custodian;
o Confirmation of all securities, if any, held by institutions in book entry
form (Wells Fargo Bank Minnesota, N.A., The Bank of New York, and The
Depository Trust Company);
o Confirmation or examination of underlying documentation of all securities
purchased but not received, hypothecated, pledged, placed in escrow, or out
for transfer with brokers, pledges and/or transfer agents;
o Reconciliation of all such securities to the books and records of the Fund
and the Custodian; and
o Test of selected security transactions since the date of our last report.
We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Fund's compliance with
the specified requirements.
In our opinion, management's assertion that the Fund was in compliance with the
above mentioned provisions of Rule 17f-2 of the Investment Company Act of 1940
as of October 31, 2004 and during the period May 31, 2004 through October 31,
2004 is fairly stated in all material respects.
This report is intended solely for the information and use of management of the
Fund and the Securities and Exchange Commission and should not be used for any
other purpose and is not intended to be and should not be used by anyone other
than these specified parties.
/s/ KPMG LLP
--------------
KPMG LLP
Minneapolis, MN
January 21, 2005
Management Statement Regarding Compliance With Certain
Provisions of the Investment Company Act of 1940
We, as members of management of AXP(R) Threadneedle Global Balanced Fund of
AXP Global Series, Inc. (the Fund) are responsible for complying with the
requirements of subsections (b) and (c) of Rule 17f-2, Custody of
Investments by Registered Management Investment Companies, of the
Investment Company Act of 1940. We are also responsible for establishing
and maintaining effective internal controls over compliance with those
requirements. We have performed an evaluation of the Fund's compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 as of October 31,
2004 and during the period May 31, 2004 through October 31, 2004.
Based on this evaluation, we assert that the Fund was in compliance with
the requirements of subsections (b) and (c) of Rule 17f-2 of the Investment
Company Act of 1940 as of October 31, 2004 and during the period May 31,
2004 through October 31, 2004, with respect to securities reflected in the
investment account of the Fund.
AMERICAN EXPRESS FINANCIAL CORPORATION
By: /s/ Jeffrey P. Fox
--------------------
Jeffrey P. Fox, Vice President-Investment Accounting