PAGE 1





March 24, 1995



Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549-1004

ATTN:  Ms. Patsy Mengiste
       Document Control - EDGAR

Re:  IDS Bond Fund, Inc.                 File No. 2-51586/811-2503
     IDS Discovery Fund, Inc.            File No. 2-72174/811-3178
     IDS Equity Select Fund, Inc.        File No. 2-13188/811-772
     IDS Extra Income Fund, Inc.         File No. 2-86637/811-3848
     IDS Federal Income Fund, Inc.       File No. 2-96512/811-4260
     IDS Global Series, Inc.             File No. 33-25824/811-5696
       IDS Global Bond Fund
       IDS Global Growth Fund
     IDS Growth Fund, Inc.               File No. 2-38355/811-2111
     IDS High Yield Tax-Exempt Fund, Inc.File No. 2-63552/811-2901
     IDS International Fund, Inc.        File No. 2-92309/811-4075
     IDS Investment Series, Inc.         File No. 2-11328/811-54
       IDS Diversified Equity Fund
       IDS Mutual
     IDS Managed Retirement Fund, Inc.   File No. 2-93801/811-4133
     IDS Money Market Series, Inc.      
       IDS Cash Management Fund          File No. 2-54516/811-2591
     IDS New Dimensions Fund, Inc.       File No. 2-28529/811-1629
     IDS Precious Metals Fund, Inc.      File No. 2-93745/811-4132
     IDS Progressive Fund, Inc.          File No. 2-30059/811-1714
     IDS Selective Fund, Inc.            File No. 2-10700/811-499
     IDS Stock Fund, Inc.                File No. 2-11358/811-498
     IDS Strategy Fund, Inc.             File No. 2-89288/811-3956
       Strategy Aggressive Fund
       Equity Value Fund
     IDS Tax-Exempt Bond Fund, Inc.      File No. 2-57328/811-2686
     IDS Utilities Income Fund, Inc.     File No. 33-20872/811-5522
     IDS California Tax-Exempt Trust
       IDS California Tax-Exempt Fund    File No. 33-5103/811-4646
     IDS Special Tax-Exempt Series Trust File No. 33-5102/811-4647
       IDS Insured Tax-Exempt Fund
       IDS Massachusetts Tax-Exempt Fund
       IDS Michigan Tax-Exempt Fund
       IDS Minnesota Tax-Exempt Fund
       IDS New York Tax-Exempt Fund
       IDS Ohio Tax-Exempt Fund
PAGE 2
Securities and Exchange Commission
March 24, 1995
Page 2  
      



  

Dear Ms. Mengiste:

Registrant certifies that the form of prospectus and Statement of
Additional that would have been filed under paragraph (c) of Rule
497 would not have differed from that contained in the most recent
Registration Statement or Amendment, and the text of the most
recent Registration Statement or Amendment has been filed
electronically.

Sincerely,

IDS MUTUAL FUND GROUP




Leslie L. Ogg
Vice President, General Counsel and Treasurer

LLO/HB/cah