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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 32 (File Number 2-57328) X
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 24 (File Number 811-2686) X
IDS TAX-EXEMPT BOND FUND, INC.
IDS Tower 10, Minneapolis, Minnesota 55440-0010
Leslie L. Ogg, 901 Marquette Avenue, Suite 2810,
Minneapolis, Minnesota 55440-0010
(612) 330-9283
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check
appropriate box)
x immediately upon filing pursuant to paragraph (b)
_____on (date) pursuant to paragraph (b) of rule 485
_____60 days after filing pursuant to paragraph (a)
_____on (date) pursuant to paragraph (a) of rule 485
<TABLE>
<CAPTION>
________________________________________________________________________________
_________________________________________________________________________________
Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Being Price per Offering Registration
Registered Registered Unit Price Fee*
_______________________________________________________________________________
<S> <C> <C> <C> <C>
Capital Stock
of $.01 par
value per share Indefinite* N/A N/A N/A
Capital Stock
of $.01 par
value per share 22,241,833 $4.39 $97,641,647 $100
_______________________________________________________________________________
*Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Rule 24f-2
under the Investment Company Act of 1940. The Rule 24f-2 Notice
for Registrant's most recent fiscal year ended November 30, 1993
will be filed on or about January 25, 1994.
</TABLE>
1. Computed under Rule 457(d) on the basis of the offering price
per share at the close of business on January 19, 1994.
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2. Registrant elects to calculate the maximum aggregate offering
price pursuant to Rule 24e-2. $309,700,600 of shares was redeemed
during the fiscal year ended November 30, 1993. $212,348,953 or
shares was used for reductions pursuant to paragraph (c) of Rule
24f-2 during the current year. $97,351,647 of shares is the amount
of redeemed shares used for reduction in this amendment.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, IDS Tax-Exempt Bond
Fund, Inc., certifies that it meets all of the requirements for
effectiveness of this Amendment to its Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1933 and has
duly caused this Amendment to its Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Minneapolis and the State of Minnesota on the 26th
day of January 1994.
IDS TAX-EXEMPT BOND FUND, INC.
By /s/ William R. Pearce**
William R. Pearce, President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by
the following persons in the capacities indicated on the 26th day
of January 1994.
Signature Capacity
President,
/s/ William R. Pearce** Principal Executive
William R. Pearce Officer and Director
Treasurer, Principal
/s/ Leslie L. Ogg** Financial Officer and
Leslie L. Ogg Principal Accounting
Officer
/s/ William H. Dudley * Director
William H. Dudley
/s/ Robert F. Froehlke* Director
Robert F. Froehlke
/s/ David R. Hubers* Director
David R. Hubers
/s/ Anne P. Jones* Director
Anne P. Jones
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Signature Capacity
/s/ Donald M. Kendall* Director*
Donald M. Kendall
/s/ Melvin R. Laird* Director
Melvin R. Laird
/s/ Lewis W. Lehr* Director
Lewis W. Lehr
/s/ Aulana L. Peters* Director
Aulana L. Peters
/s/ Edson W. Spencer * Director
Edson W. Spencer
/s/ John R. Thomas* Director
John R. Thomas
/s/ Wheelock Whitney* Director
Wheelock Whitney
*Signed pursuant to Directors' Power of Attorney dated Oct. 14,
1993 filed electronically as Exhibit 17(a) to Registrant's Post-
Effective Amendment No. 30 by:
Leslie L. Ogg
**Signed pursuant to Officers' Power of Attorney dated June 1, 1993
filed electronically as Exhibit 17(b) to Registrant's Post-
Effective Amendment No. 30 by:
Leslie L. Ogg
EXHIBIT INDEX
(B)(10) OPINION OF COUNSEL
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January 26, 1993
IDS Tax-Exempt Bond Fund, Inc.
IDS Tower 10
Minneapolis, MN 55440
I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company and the applicable statutes of
the State of Minnesota, and it is my opinion:
(a) That the Company is a corporation duly organized and existing
under the laws of the State of Minnesota with an authorized
capital stock of 10,000,000,000 shares, all of $.01 par value,
that such shares may be issued as full or fractional shares and
that on November 30, 1993, 308,353,929 shares were issued and
outstanding;
(b) That all of such authorized shares are, under the laws of the
State of Minnesota, redeemable as provided in the Articles of
Incorporation of the Company and upon redemption shall have the
status of authorized and unissued shares;
(c) That the Company now proposes to register an additional
22,241,833 shares by post-effective amendment, pursuant to Rule
24e-2 of the Investment Company Act of 1940, and that when sold
at not less than their par value and in accordance with
applicable federal and state securities laws such shares will be
legally issued, fully paid and non-assessable.
I hereby consent that the foregoing opinion may be used in
connection with the post-effective amendment to your registration
statement to be filed by you pursuant to Section 24(e) of the
Investment Company Act of 1940, as amended for the purpose of
increasing the shares of capital stock, the securities specified
therein, as proposed to be offered.
Very truly yours,
Leslie L. Ogg
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
