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January 26, 1994
Securities and Exchange Commission
Attention: Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
RE: Rule 24f-2 Notice for
IDS High-Yield Tax-Exempt Fund, Inc.
SEC File No. 2-63552/811-2901
Commissioners:
[i] In accordance with the provisions of
Rule 24f-2, IDS High Yield Tax-Exempt
Fund, Inc. hereby files its Rule 24f-2
Notice for the fiscal year ended November
30, 1993 ("Fiscal Year").
[ii] Amount of securities registered other than
under 24f-2 which were unsold at the
beginning of the fiscal year* $0
[iii] Amount of securities registered during the
fiscal year other than under 24f-2** $0
[iv] Amount of securities sold during the
fiscal year*** $275,748,892
[v] Amount of securities sold pursuant to 24f-2 $275,748,892
[vi] Fee $275,748,892 x 0.0003448 $95,085.82
* 0 shares x $5.03 on January 19, 1994
** 0 shares x $5.03 on January 19, 1994
*** Sales of $1,029,957,296 minus redemptions of $754,208,404
Enclosed please find an opinion of counsel and a check for the
filing fee in the amount of $95,085.82.
If there are any questions, please contact the undersigned.
Very truly yours,
IDS High Yield Tax-Exempt Fund, Inc.
Leslie L. Ogg
Vice President, General Counsel and Treasurer
LLO/CW/cah
Enclosures<PAGE>
EXHIBIT INDEX
(b) (10) OPINION OF COUNSEL
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January 25, 1994
IDS High Yield Tax-Exempt Fund, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440
Gentlemen:
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, 1,414,963,728 shares
were issued and outstanding;
(b) That all 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 shares and unissued shares;
(c) That the Company registered on April 24, 1979, an indefinite
number of shares pursuant to Rule 24f-2 and is herewith
filing a Rule 24f-2 Notice covering the shares during its
Fiscal Period ended November 30, 1993; and
(d) That shares which were sold at not less than their par value
and in accordance with applicable federal and state
securities laws were legally issued, fully paid and
nonassessable.
I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
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