<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000315524
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AXP TAX-FREE MONEY FUND, INC.
001 B000000 811-3003
001 C000000 6126713800
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
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008 A000001 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B000001 A
008 C000001 801-14721
008 D010001 MINNEAPOLIS
008 D020001 MN
008 D030001 55440
008 D040001 0010
011 A000001 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B000001 8-16791
011 C010001 MINNEAPOLIS
011 C020001 MN
011 C030001 55440
011 C040001 0010
012 A000001 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B000001 84-456
012 C010001 MINNEAPOLIS
012 C020001 MN
012 C030001 55440
<PAGE> PAGE 2
012 C040001 0010
013 A000001 KPMG LLP
013 B010001 MINNEAPOLIS
013 B020001 MN
013 B030001 55402
013 B040001 3900
014 A000001 AMERICAN EXPRESS FINANCIAL CORPORATION INC.
014 B000001 8-31250
014 A000002 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B000002 8-16791
014 A000003 IDS LIFE INSURANCE COMPANY
014 B000003 8-14124
014 A000004 IDS SECURITIES CORPORATION
014 B000004 8-12550
014 A000005 AMERICAN EXPRESS SERVICE CORPORATION
014 B000005 8-27456
014 A000006 AMERICAN ENTERPRISE INVESTMENT SERVICES
014 B000006 8-42582
015 A000001 U.S. BANK NATIONAL ASSOCIATION
015 B000001 C
015 C010001 ST. PAUL
015 C020001 MN
015 C030001 55101
015 C040001 1631
015 E010001 X
018 000000 Y
019 A000000 Y
019 B000000 48
019 C000000 AMEXPFUNDS
020 C000001 0
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020 C000004 0
020 C000005 0
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020 C000007 0
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020 C000009 0
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021 000000 0
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
022 C000001 113670
022 D000001 4730
022 A000002 MORGAN (J.P.) SECURITIES INC.
022 B000002 13-3224016
022 C000002 58975
022 D000002 19550
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003 45828
<PAGE> PAGE 3
022 D000003 28404
022 A000004 MERRILL LYNCH CAPITAL MARKETS
022 B000004 13-5674085
022 C000004 26520
022 D000004 14304
022 A000005 PAINE WEBBER INC.
022 B000005 13-2638166
022 C000005 19750
022 D000005 14550
022 A000006 SMITH BARNEY SHEARSON
022 B000006 13-1912900
022 C000006 19304
022 D000006 3200
022 A000007 LEHMAN BROTHERS
022 B000007 13-2518466
022 C000007 18200
022 D000007 3700
022 A000008 PIPER JAFFRAY INC.
022 B000008 41-0953246
022 C000008 10047
022 D000008 0
022 A000009 DAIN RAUSCHER
022 B000009 41-0212020
022 C000009 3025
022 D000009 0
022 A000010 MURIEL SIEBERT & CO.
022 B000010 13-2639174
022 C000010 2015
022 D000010 0
023 C000000 323860
023 D000000 89440
024 000000 Y
025 A000001 BANK OF AMERICA
025 B000001 94-1687655
025 C000001 D
025 D000001 2000
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025 D000003 0
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<PAGE> PAGE 4
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP TAX-FREE MONEY FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 187512534
<INVESTMENTS-AT-VALUE> 187512534
<RECEIVABLES> 914821
<ASSETS-OTHER> 1041232
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 189468587
<PAYABLE-FOR-SECURITIES> 12590790
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 107412
<TOTAL-LIABILITIES> 12698202
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 176774221
<SHARES-COMMON-STOCK> 176775410
<SHARES-COMMON-PRIOR> 173248125
<ACCUMULATED-NII-CURRENT> 42
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 3878
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 176770385
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 2694084
<OTHER-INCOME> 0
<EXPENSES-NET> 476391
<NET-INVESTMENT-INCOME> 2217693
<REALIZED-GAINS-CURRENT> 2841
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 2220534
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2217651
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194132540
<NUMBER-OF-SHARES-REDEEMED> 192780125
<SHARES-REINVESTED> 2174869
<NET-CHANGE-IN-ASSETS> 3530167
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 6719
<GROSS-ADVISORY-FEES> 269405
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 499076
<AVERAGE-NET-ASSETS> 175250124
<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> .00
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .57
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
<TABLE>
<CAPTION>
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS TAX-FREE MONEY FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
<S> <C> <C> <C>
H. Brewster Atwater, Jr.
Affirmative 91,074,820.332 49.452% 98.357%
Withhold 1,521,018.520 .826% 1.643%
TOTAL 92,595,838.852 50.278% 100.000%
Arne H. Carlson
Affirmative 90,945,140.222 49.381% 98.217%
Withhold 1,650,698.630 .897% 1.783%
TOTAL 92,595,838.852 50.278% 100.000%
Lynne V. Cheney
Affirmative 90,846,067.742 49.328% 98.110%
Withhold 1,749,771.110 .950% 1.890%
TOTAL 92,595,838.852 50.278% 100.000%
William H. Dudley
Affirmative 91,070,366.962 49.449% 98.353%
Withhold 1,525,471.890 .829% 1.647%
TOTAL 92,595,838.852 50.278% 100.000%
David R. Hubers
Affirmative 91,080,396.872 49.455% 98.363%
Withhold 1,515,441.980 .823% 1.637%
TOTAL 92,595,838.852 50.278% 100.000%
Heinz F. Hutter
Affirmative 90,998,294.782 49.410% 98.275%
Withhold 1,597,544.070 .868% 1.725%
TOTAL 92,595,838.852 50.278% 100.000%
Anne P. Jones
Affirmative 91,063,803.972 49.446% 98.345%
Withhold 1,532,034.880 .832% 1.655%
TOTAL 92,595,838.852 50.278% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS TAX-FREE MONEY FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 91,058,604.122 49.443% 98.340%
Withhold 1,537,234.730 .835% 1.660%
TOTAL 92,595,838.852 50.278% 100.000%
Alan K. Simpson
Affirmative 90,914,113.262 49.365% 98.184%
Withhold 1,681,725.590 .913% 1.816%
TOTAL 92,595,838.852 50.278% 100.000%
John R. Thomas
Affirmative 91,041,445.782 49.434% 98.321%
Withhold 1,554,393.070 .844% 1.679%
TOTAL 92,595,838.852 50.278% 100.000%
C. Angus Wurtele
Affirmative 91,040,573.272 49.433% 98.320%
Withhold 1,555,265.580 .845% 1.680%
TOTAL 92,595,838.852 50.278% 100.000%
2. Ratify the selection of independent auditors
Affirmative 90,935,637.681 49.376% 98.207%
Against 816,661.790 .444% .882%
Abstain 843,539.381 .458% .911%
TOTAL 92,595,838.852 50.278% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 85,728,098.995 46.549% 92.583%
Against 5,746,840.486 3.120% 6.206%
Abstain 1,120,899.371 .609% 1.211%
TOTAL 92,595,838.852 50.278% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS TAX-FREE MONEY FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
5. Approve changes to the Investment Management Services
Agreement
Affirmative 76,252,080.498 41.403% 84.131%
Against 11,754,848.076 6.383% 12.969%
Abstain 2,628,081.278 1.427% 2.900%
TOTAL 90,635,009.852 49.213% 100.000%
Not Voting 1,960,829.000
6. Changes to investment policies
6.5 Pledging or mortgaging
Affirmative 80,032,799.422 43.456% 88.302%
Against 6,453,218.196 3.504% 7.120%
Abstain 4,148,992.234 2.253% 4.578%
TOTAL 90,635,009.852 49.213% 100.000%
Not Voting 1,960,829.000
6.6 Three years operating history
Affirmative 80,074,901.218 43.479% 88.349%
Against 6,392,696.870 3.471% 7.053%
Abstain 4,167,411.764 2.263% 4.598%
TOTAL 90,635,009.852 49.213% 100.000%
Not Voting 1,960,829.000
6.7 Exploration programs
Affirmative 80,028,158.458 43.454% 88.297%
Against 6,365,592.100 3.456% 7.024%
Abstain 4,241,259.294 2.303% 4.679%
TOTAL 90,635,009.852 49.213% 100.000%
Not Voting 1,960,829.000
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS TAX-FREE MONEY FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 184,168,617.357
VOTED SHARES 92,595,838.852
PERCENT VOTED 50.278%
</TABLE>
Exhibit 77D for AXP Tax-Free Money Fund, Inc.'99 semiannual
o The Fund may not pledge or mortgage more than 15% of total
assets as collateral for loans or for other purposes.
o The Fund may not invest more than 5% of its total assets in
companies with less than three years of operating
history.
o The Fund may not invest in any oil, gas or other mineral
exploration or development programs.
