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SIGNATURE LESLIE L. OGG
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
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<NAME> AXP HIGH YIELD TAX-EXEMPT FUND CLASS A
<S> <C>
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
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<NUMBER> 2
<NAME> AXP HIGH YIELD TAX-EXEMPT FUND CLASS B
<S> <C>
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<NAME> AXP HIGH YIELD TAX-EXEMPT FUND CLASS Y
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<TABLE>
<CAPTION>
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS High Yield Tax-Exempt Fund, Inc.
June 16, 1999
<S> <C> <C> <C>
% of Outstanding % of Shares
No. of Shares Shares Voted
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 730,746,318.777 57.130% 98.586%
Withhold 10,482,675.933 0.820% 1.414%
TOTAL 741,228,994.710 57.950% 100.000%
Arne H. Carlson
Affirmative 729,680,734.933 57.047% 98.442%
Withhold 11,548,259.777 0.903% 1.558%
TOTAL 741,228,994.710 57.950% 100.000%
Lynne V. Cheney
Affirmative 730,148,266.757 57.083% 98.505%
Withhold 11,080,727.953 0.867% 1.495%
TOTAL 741,228,994.710 57.950% 100.000%
William H. Dudley
Affirmative 730,734,036.445 57.129% 98.584%
Withhold 10,494,958.265 0.821% 1.416%
TOTAL 741,228,994.710 57.950% 100.000%
David R. Hubers
Affirmative 730,966,451.344 57.147% 98.615%
Withhold 10,262,543.366 0.803% 1.385%
TOTAL 741,228,994.710 57.950% 100.000%
Heinz F. Hutter
Affirmative 730,506,805.874 57.111% 98.553%
Withhold 10,722,188.836 0.839% 1.447%
TOTAL 741,228,994.710 57.950% 100.000%
Anne P. Jones
Affirmative 730,766,157.420 57.132% 98.588%
Withhold 10,462,837.290 0.818% 1.412%
TOTAL 741,228,994.710 57.950% 100.000%
William R. Pearce
Affirmative 730,376,188.733 57.101% 98.536%
Withhold 10,852,805.977 0.849% 1.464%
TOTAL 741,228,994.710 57.950% 100.000%
Alan K. Simpson
Affirmative 729,919,268.029 57.065% 98.474%
Withhold 11,309,726.681 0.885% 1.526%
TOTAL 741,228,994.710 57.950% 100.000%
John R. Thomas
Affirmative 730,913,044.996 57.143% 98.608%
Withhold 10,315,949.714 0.807% 1.392%
TOTAL 741,228,994.710 57.950% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS High Yield Tax-Exempt Fund, Inc.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
C. Angus Wurtele
Affirmative 730,668,876.543 57.124% 98.575%
Withhold 10,560,118.167 0.826% 1.425%
TOTAL 741,228,994.710 57.950% 100.000%
2. Ratify the selection of independent auditors
Affirmative 722,569,065.007 56.491% 97.483%
Against 7,007,076.060 0.548% 0.945%
Abstain 11,652,853.643 0.911% 1.572%
TOTAL 741,228,994.710 57.950% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 657,506,233.563 51.404% 88.705%
Against 66,564,396.702 5.204% 8.980%
Abstain 17,158,364.445 1.342% 2.315%
TOTAL 741,228,994.710 57.950% 100.000%
FUND TOTALS Shares
Record Total 1,279,091,433.705
Voted Shares 741,228,994.710
Percent Voted 57.950%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS High Yield Tax-Exempt Fund, Inc. - Class B
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
4. Approve a new shareholder service and distribution plan.
Affirmative 30,492,094.257 46.096% 91.216%
Against 1,963,991.509 2.969% 5.875%
Abstain 972,435.194 1.470% 2.909%
TOTAL 33,428,520.960 50.535% 100.000%
FUND TOTALS Shares
Record Total 66,149,244.999
Voted Shares 33,428,520.960
Percent Voted 50.535%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS High Yield Tax-Exempt Fund, Inc. - Class A&B
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
4. Approve a new shareholder service and distribution plan.
Affirmative 657,907,800.590 51.497% 89.387%
Against 51,288,899.167 4.014% 6.969%
Abstain 26,824,175.911 2.100% 3.644%
TOTAL 736,020,875.668 57.611% 100.000%
Not Voting 5,205,302.000
FUND TOTALS Shares
Record Total 1,277,572,737.278
Voted Shares 741,226,177.668
Percent Voted 58.018%
</TABLE>
