<PAGE> PAGE 1
000 B000000 08/31/99
000 C000000 0000353315
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 AXP VP MONEY MARKET SERIES, INC.
001 B000000 811-3190
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 Y
007 B000000 1
007 C010100 1
007 C020100 AXP VP CASH MANAGEMENT FUND
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007 C010600 6
007 C010700 7
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008 B00AA01 A
008 C00AA01 801-8101
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0534
008 A00AA02 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA02 S
008 C00AA02 801-14721
008 D01AA02 MINNEAPOLIS
008 D02AA02 MN
008 D03AA02 55440
008 D04AA02 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
<PAGE> PAGE 2
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
013 A00AA01 KPMG LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
014 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA01 8-27456
014 A00AA02 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA02 8-42582
014 A00AA03 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA03 8-31250
014 A00AA04 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA04 8-16791
014 A00AA05 IDS LIFE INSURANCE COMPANY
014 B00AA05 8-14124
014 A00AA06 IDS SECURITIES CORPORATION
014 B00AA06 8-12550
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
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015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
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022 A000001 LEHMAN COMMERCIAL PAPER INC.
022 B000001 13-2501865
022 C000001 718744
022 D000001 40458
022 A000002 MERRILL LYNCH & CO., INC.
022 B000002 13-5674085
022 C000002 572998
022 D000002 169088
<PAGE> PAGE 3
022 A000003 CREDIT SUISSE FIRST BOSTON CORP.
022 B000003 13-5659485
022 C000003 507398
022 D000003 183203
022 A000004 GOLDMAN SACHS & CO.
022 B000004 13-5108880
022 C000004 526435
022 D000004 34976
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
022 C000005 171081
022 D000005 325644
022 A000006 MORGAN GUARANTY
022 B000006 13-3224016
022 C000006 234264
022 D000006 14598
022 A000007 SALOMON SMITH BARNEY, INC.
022 B000007 13-1912900
022 C000007 132446
022 D000007 114023
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008 126277
022 D000008 45091
022 A000009 CHASE INVESTMENT SERVICES CORP.
022 B000009 13-5225436
022 C000009 148590
022 D000009 12834
022 A000010 FIRST CHICAGO CAPITAL MARKETS INC.
022 B000010 36-3595942
022 C000010 122587
022 D000010 13572
023 C000000 3865083
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025 B00AA01 94-1687655
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025 A00AA02 FLEET FUNDING
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025 D00AA02 26266
025 A00AA03 GOLDMAN SACHS GROUP
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025 D00AA03 23624
025 A00AA04 MERRILL LYNCH
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<PAGE> PAGE 4
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025 A00AA06 SALOMON SMITH BARNEY
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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054 K00AA00 N
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<PAGE> PAGE 7
064 B00AA00 N
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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SIGNATURE LESLIE L. OGG
TITLE SECRETARY
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP VP CASH MANAGEMENT FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 689561940
<INVESTMENTS-AT-VALUE> 689561940
<RECEIVABLES> 3593067
<ASSETS-OTHER> 128006
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 693283013
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 3663395
<TOTAL-LIABILITIES> 3663395
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 689628749
<SHARES-COMMON-STOCK> 689686854
<SHARES-COMMON-PRIOR> 427897200
<ACCUMULATED-NII-CURRENT> 80
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 9211
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 689619618
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 28661101
<OTHER-INCOME> 0
<EXPENSES-NET> 3119371
<NET-INVESTMENT-INCOME> 25541730
<REALIZED-GAINS-CURRENT> (6680)
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
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<SHARES-REINVESTED> 25544144
<NET-CHANGE-IN-ASSETS> 261758618
<ACCUMULATED-NII-PRIOR> 82
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
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<GROSS-EXPENSE> 3119371
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<PER-SHARE-NAV-BEGIN> 1.00
<PER-SHARE-NII> .05
<PER-SHARE-GAIN-APPREC> .00
<PER-SHARE-DIVIDEND> .05
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .56
</TABLE>
IDS FUNDS
IDS LIFE MONEYSHARE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
Affirmative 585,257,404.828 97.587% 97.589%
Withhold 14,460,947.634 2.411% 2.411%
TOTAL 599,718,352.462 99.998% 100.000%
Arne H. Carlson
Affirmative 584,379,886.636 97.440% 97.442%
Withhold 15,338,465.826 2.558% 2.558%
TOTAL 599,718,352.462 99.998% 100.000%
Lynne V. Cheney
Affirmative 585,039,648.723 97.550% 97.552%
Withhold 14,678,703.739 2.448% 2.448%
TOTAL 599,718,352.462 99.998% 100.000%
William H. Dudley
Affirmative 585,496,278.424 97.626% 97.629%
Withhold 14,222,074.038 2.372% 2.371%
TOTAL 599,718,352.462 99.998% 100.000%
David R. Hubers
Affirmative 585,100,776.194 97.560% 97.563%
Withhold 14,617,576.268 2.438% 2.437%
TOTAL 599,718,352.462 99.998% 100.000%
Heinz F. Hutter
Affirmative 584,807,355.735 97.512% 97.514%
Withhold 14,910,996.727 2.486% 2.486%
TOTAL 599,718,352.462 99.998% 100.000%
Anne P. Jones
Affirmative 585,601,080.067 97.644% 97.646%
Withhold 14,117,272.395 2.354% 2.354%
TOTAL 599,718,352.462 99.998% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE MONEYSHARE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 584,758,037.797 97.503% 97.505%
Withhold 14,960,314.665 2.495% 2.495%
TOTAL 599,718,352.462 99.998% 100.000%
Alan K. Simpson
Affirmative 584,534,168.948 97.466% 97.468%
Withhold 15,184,183.514 2.532% 2.532%
TOTAL 599,718,352.462 99.998% 100.000%
John R. Thomas
Affirmative 585,701,923.544 97.661% 97.663%
Withhold 14,016,428.918 2.337% 2.337%
TOTAL 599,718,352.462 99.998% 100.000%
C. Angus Wurtele
Affirmative 584,489,502.235 97.459% 97.461%
Withhold 15,228,850.227 2.539% 2.539%
TOTAL 599,718,352.462 99.998% 100.000%
2. Ratify the selection of independent auditors
Affirmative 580,630,889.237 96.815% 96.817%
Against 9,380,972.499 1.564% 1.564%
Abstain 9,706,490.726 1.619% 1.619%
TOTAL 599,718,352.462 99.998% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 548,751,858.097 91.500% 91.502%
Against 38,282,122.210 6.383% 6.383%
Abstain 12,684,372.155 2.115% 2.115%
TOTAL 599,718,352.462 99.998% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 521,179,684.357 86.902% 86.904%
Against 62,472,084.696 10.417% 10.417%
Abstain 16,066,583.409 2.679% 2.679%
TOTAL 599,718,352.462 99.998% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE MONEYSHARE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 550,470,494.590 91.786% 91.788%
Against 30,301,205.274 5.053% 5.053%
Abstain 18,946,652.598 3.159% 3.159%
TOTAL 599,718,352.462 99.998% 100.000%
6.2 Senior securities
Affirmative 550,782,210.929 91.838% 91.840%
Against 29,816,431.365 4.972% 4.972%
Abstain 19,119,710.168 3.188% 3.188%
TOTAL 599,718,352.462 99.998% 100.000%
6.4 Other investment companies
Affirmative 551,222,665.552 91.912% 91.914%
Against 29,491,348.455 4.917% 4.917%
Abstain 19,004,338.455 3.169% 3.169%
TOTAL 599,718,352.462 99.998% 100.000%
6.7 Exploration programs
Affirmative 547,655,451.220 91.317% 91.319%
Against 32,966,872.334 5.497% 5.497%
Abstain 19,096,028.908 3.184% 3.184%
TOTAL 599,718,352.462 99.998% 100.000%
6.8 Control or manage
Affirmative 547,842,676.995 91.348% 91.350%
Against 32,706,780.214 5.454% 5.454%
Abstain 19,168,895.253 3.196% 3.196%
TOTAL 599,718,352.462 99.998% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE MONEYSHARE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 599,731,621.144
VOTED SHARES 599,718,352.462
PERCENT VOTED 99.998%
Independent Auditors' Report
on Internal Accounting Control
The Board of Directors and Shareholders
AXP Variable Portfolio Cash Management Fund, Inc.:
In planning and performing our audit of the financial statements of
AXP Variable Portfolio Cash Management Fund, Inc.:
for the year ended August 31, 1999, we
considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal control.
The management of AXP Variable Portfolio Cash Management
Fund, Inc. is responsible for establishing and maintaining internal
control.
In fulfilling this responsibility, estimates and judgments by
management
are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented
in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the
design or operation of one or more of the internal control
components does not reduce to a relatively low
level the risk that errors or irregularities in amounts
that would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal course
of performing their assigned functions. However, we
noted no matters involving the internal control and
its operation, including controls for safeguarding securities,
that we consider to be a material weakness as defined above.
This report is intended solely for the information and use of
management,
the Board of Directors of AXP Variable Portfolio Cash Management
Fund, Inc.,
and the Securities and Exchange Commission.
KPMG LLP
Minneapolis, Minnesota
October 1, 1999
