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February 16, 1995
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 Tax-Free Money Fund, Inc.
SEC File No. 2-66868/811-3003
Commissioners:
[i] In accordance with the provisions of Rule 24f-2,
IDS Tax-Free Money Fund, Inc. hereby files its
Rule 24f-2 Notice for the fiscal year ended
December 31, 1994 ("Fiscal Year").
[ii] Amount of securities registered other than
under 24f-2 which were unsold at the
beginning of the fiscal year* $38,535,547
[iii] Amount of securities registered during the
fiscal year other than under 24f-2** $0
[iv] Amount of securities sold during the
fiscal year*** $14,633,032
[v] Amount of securities sold pursuant to 24f-2 $0
[vi] Fee $0 x 0.00034483 $0.00
* 38,535,547 shares x $1.00 on February 13, 1995
** 0 shares x $1.00 on February 13, 1995
*** Sales of $246,600,213 minus redemptions of $231,967,181
Enclosed please find an opinion of counsel.
If there are any questions, please contact the undersigned.
Very truly yours,
IDS Tax-Free Money Fund, Inc.
Leslie L. Ogg
Vice President, General Counsel and Treasurer
LLO/CW/lje
Enclosures<PAGE>
EXHIBIT INDEX
(b) (10) OPINION OF COUNSEL
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February 14, 1995
IDS Tax-Free Money 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 December 31, 1994, 132,646,785 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 July 31, 1980 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 December 31, 1994; 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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