SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 34 (File No. 2-72584) [X]
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and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY
ACT OF 1940
Amendment No. 36 (File No. 811-3190) [X]
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AXP VARIABLE PORTFOLIO - MONEY MARKET SERIES, INC.
(Formerly known as IDS LIFE MONEYSHARE FUND, INC.)
IDS Tower 10
Minneapolis, MN 55440-0010
Leslie L. Ogg - 901 S. Marquette Ave., Suite 2810,
Minneapolis, MN 55402-3268
(612) 330-9283
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check appropriate box)
[ ] immediately upon filing pursuant to paragraph (b)
[X] on Oct. 29, 1999 pursuant to paragraph (b)
[ ] 60 days after filing pursuant to paragraph (a)(1)
[ ] on (date) pursuant to paragraph (a)(1)
[ ] 75 days after filing pursuant to paragraph (a)(2)
[ ] on (date) pursuant to paragraph (a)(2) of rule 485
If appropriate, check the following box:
[ ] This post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<PAGE>
PART A
The combined Prospectus containing information for AXP Variable
Portfolio - Investment Series, Inc., AXP Variable Portfolio - Managed
Series, Inc., AXP Variable Portfolio - Money Market Series, Inc. and AXP
Variable Portfolio - Income Series, Inc. filed in Post-Effective
Amendment No. 40 to Registration Statement No. 2-73115 is incorporated
by reference.
PART B
The combined Statement of Additional Information and the financial
statements containing information for AXP Variable Portfolio -
Investment Series, Inc., AXP Variable Portfolio - Managed Series, Inc.,
AXP VariablePortfolio Money Market Series, Inc., and AXP Variable
Portfolio - Income Series, Inc. filed in Post-Effective Amendment No. 40
to Registration Statement No. 2-73115 is incorporated by reference.
<PAGE>
PART C. OTHER INFORMATION
Item 23. Exhibits
(a) Articles of Incorporation as amended Oct. 13, 1989, filed electronically as
Exhibit No. 1 to Registrant's Post-Effective Amendment No. 21, are
incorporated by reference.
(b) By-Laws as amended Jan. 12, 1989, filed electronically as Exhibit No. 2 to
Registrant's Post-Effective Amendment No. 21, are incorporated by
reference.
(c) Stock certificate for common shares, is on file at the Registrant's
headquarters.
(d)(1) Investment Management Services Agreement between Registrant and IDS Life
Insurance Company dated March 20, 1995, filed electronically as Exhibit No.
5(a) to Registrant's Post-Effective Amendment No. 26, is incorporated by
reference.
(d)(2) Investment Advisory Agreement between IDS Life Insurance Company and
American Express Financial Corporation dated Oct. 14, 1998, filed
electronically as Exhibit 5(b) to Registrant's Post-Effective Amendment No.
32 filed on or about Oct. 30, 1998, is incorporated by reference.
(d)(3) Administrative Services Agreement between Registrant and American Express
Financial Corporation dated Oct. 8, 1998, filed electronically as Exhibit
5(c) to Registrant's Post-Effective Amendment No. 32 filed on or about Oct.
30, 1998, is incorporated by reference.
(e) Underwriting contracts: Not Applicable.
(f) All employees are eligible to participate in a profit sharing plan. Entry
into the plan is Jan. 1 or July 1. The Registrant contributes each year an
amount up to 15 percent of their annual salaries, the maximum deductible
amount permitted under Section 404(a) of the Internal Revenue Code.
(g)(1) Custodian Agreement between Registrant and American Express Trust
Company, dated March 20, 1995, filed electronically as Exhibit No. 8 to
Registrant's Post-Effective Amendment No. 26, is incorporated by reference.
(g)(2) Custodian Agreement dated May 13, 1999 between American Express Trust
Company and The Bank of New York filed electronically as Exhibit (g)(3) to
IDS Precious Metal Fund, Inc.'s Post-Effective Amendment No. 33, File No.
2-93745 filed on or about May 24, 1999, is incorporated by reference.
<PAGE>
(h)(1) Plan and Agreement of Merger between IDS Life Moneyshare Minnesota, Inc.
and IDS Life Moneyshare Fund, Inc. dated April 10, 1986, filed
electronically as Exhibit No. 9(a) to Registrant's Post-Effective Amendment
No. 21, is incorporated by reference.
(h)(2) License Agreement between Registrant and IDS Financial Corporation, dated
Jan. 25, 1988, filed electronically as Exhibit No. 9(b) to Registrant's
Post-Effective Amendment No. 21, is incorporated by reference.
(h)(3) License Agreement dated June 17, 1999 between the American Express Funds
and American Express Company filed electronically on or about Sept. 23,
1999 as Exhibit (h)(4) to AXP Stock Fund, Inc.'s Post-Effective Amendment
No. 98 to Registration Statement No. 2-11358, is incorporated by reference.
(i) Opinion and consent of counsel as to the legality of the securities being
registered, filed electronically herewith.
(j) Independent Auditors' Consent filed electronically as Exhibit (j) to
Post-Effective Amendment No. 40 to Registration Statement No. 2-73115, is
incorporated by reference.
(k) Omitted financial statements: Not applicable.
(l) Investment Letter of IDS Life Insurance Company, dated Oct. 13, 1981, filed
electronically as Exhibit No. 13 to Registrant's Post-Effective Amendment
No. 21, is incorporated by reference.
(m) Plan and Agreement of Distribution to be filed by amendment.
(n) Financial Data Schedule: Not applicable.
(p)(1) Directors' Power of Attorney to sign Amendments to this Registration
Statement, dated Jan. 14, 1999, filed electronically as Exhibit (p)(1) to
Post-Effective Amendment No. 37 to Registration Statement No. 2-73115 filed
on or about May 28, 1999, is incorporated by reference.
(p)(2) Officers' Power of Attorney to sign Amendments to this Registration
Statement, dated March 1, 1999, filed electronically as Exhibit (p)(2) to
Post-Effective Amendment No. 37 to Registration Statement No. 2-73115 filed
on or about May 28, 1999, is incorporated by reference.
Item 24. Persons Controlled by or under Common Control with Registrant
IDS Life and its subsidiaries are the record holders of all outstanding shares
of AXP Variable Portfolio- Investment Series, Inc., AXP Variable
Portfolio-Income Series, Inc., AXP Variable Portfolio-Money Market Series, Inc.
and AXP Variable Portfolio-Managed Series, Inc. All of such shares were
purchased and are held by IDS Life and its subsidiaries pursuant to instructions
from owners of variable annuity contracts issued by IDS Life and its
subsidiaries. Accordingly, IDS Life disclaims beneficial ownership of all shares
of each fund.
<PAGE>
Item 25. Indemnification
The Articles of Incorporation of the registrant provide that the Fund shall
indemnify any person who was or is a party or is threatened to be made a party,
by reason of the fact that she or he is or was a director, officer, employee or
agent of the Fund, or is or was serving at the request of the Fund as a
director, officer, employee or agent of another company, partnership, joint
venture, trust or other enterprise, to any threatened, pending or completed
action, suit or proceeding, wherever brought, and the Fund may purchase
liability insurance and advance legal expenses, all to the fullest extent
permitted by the laws of the State of Minnesota, as now existing or hereafter
amended. The By-laws of the registrant provide that present or former directors
or officers of the Fund made or threatened to be made a party to or involved
(including as a witness) in an actual or threatened action, suit or proceeding
shall be indemnified by the Fund to the full extent authorized by the Minnesota
Business Corporation Act, all as more fully set forth in the By-laws filed as an
exhibit to this registration statement.
Insofar as indemnification for liability arising under the Securities Act of
1933 may be permitted to directors, officers and controlling persons of the
registrant pursuant to the foregoing provisions, or otherwise, the registrant
has been advised that in the opinion of the Securities and Exchange Commission
such indemnification is against public policy as expressed in the Act and is,
therefore, unenforceable. In the event that a claim for indemnification against
such liabilities (other than the payment by the registrant of expenses incurred
or paid by a director, officer or controlling person of the registrant in the
successful defense of any action, suit or proceeding) is asserted by such
director, officer or controlling person in connection with the securities being
registered, the registrant will, unless in the opinion of its counsel the matter
has been settled by controlling precedent, submit to a court of appropriate
jurisdiction the question whether such indemnification by it is against public
policy as expressed in the Act and will be governed by the final adjudication of
such issue.
Any indemnification hereunder shall not be exclusive of any other rights of
indemnification to which the directors, officers, employees or agents might
otherwise be entitled. No indemnification shall be made in violation of the
Investment Company Act of 1940.
<PAGE>
<TABLE>
<CAPTION>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company).
Directors and officers of IDS Life Insurance Company who are directors and/or
officers of one or more other companies:
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<S> <C> <C> <C>
Name and Title Other company(s) Address Title within other
company(s)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Timothy V. Bechtold, American Centurion Life IDS Tower 10 Director and President
Executive Vice President Assurance Company Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Advisors Inc.
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- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Director and President
of New York Albany, NY 12205
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Mark W. Carter, American Express Financial IDS Tower 10 Senior Vice President and
Executive Vice President Advisors Inc. Minneapolis, MN 55440 Chief Marketing Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Director, Senior Vice
Corporation President and Chief
Marketing Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Robert M. Elconin, American Express Financial IDS Tower 10 Vice President
Vice President Advisors Inc. Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Lorraine R. Hart, AMEX Assurance Company IDS Tower 10 Vice President
Vice President Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Centurion Life Vice President
Assurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Vice President
Insurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Director and Vice
Insurance Company President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund, Inc. Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Variable Annuity Vice President
Funds A and B
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
Investors Syndicate Director and Vice
Development Corp. President
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Vice President
of New York Albany, NY 12205
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Vice President
Insurance Company DePere, WI 54115
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
Jeffrey S. Horton, AMEX Assurance Company IDS Tower 10 Vice President, Treasurer
Vice President Minneapolis, MN 55440 and Assistant Secretary
- ------------------------------ ----------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Centurion Life Vice President and
Assurance Company Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Vice President and
Investment Services Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Vice President and
Insurance Company Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Asset Vice President and
Management Group Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Asset Vice President and
Management International Treasurer
Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Client Vice President and
Service Corporation Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Vice President and
Corporation Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President and
Advisors Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President and
Corporation Corporate Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Vice President and
Agency of Arizona Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Vice President and
Agency of Idaho Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Vice President and
Agency of Nevada Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Vice President and
Agency of Oregon Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Minnesota Vice President and
Foundation Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Vice President and
Casualty Insurance Agency Treasurer
of Kentucky Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Vice President and
Casualty Insurance Agency Treasurer
of Maryland Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Vice President and
Casualty Insurance Agency Treasurer
of Pennsylvania Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Vice President and
Insurance Company Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Cable Corporation Director, Vice President
and Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Cable II Corporation Director, Vice President
and Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Capital Holdings Inc. Vice President, Treasurer
and Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Vice President and
Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
Alabama Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
Arkansas Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
Massachusetts Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
New Mexico Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
North Carolina Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
Ohio Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Vice President and
Wyoming Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Vice President and
of New York Albany, NY 12205 Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund Inc. Vice President and
Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Variable Annuity Vice President and
Funds A & B Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Management Corporation Director, Vice President
and Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Partnership Services Vice President and
Corporation Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Plan Services of Vice President and
California, Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Real Estate Services, Vice President and
Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Realty Corporation Vice President and
Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Sales Support Inc. Vice President and
Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President and
Advisors Japan Inc. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Investors Syndicate Vice President and
Development Corp. Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Vice President, Treasurer
Insurance Company DePere, WI 54115 and Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Public Employee Payment Vice President and
Company Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
David R. Hubers, AMEX Assurance Company IDS Tower 10 Director
Director Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Chairman, President and
Advisors Inc. Chief Executive Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Director, President and
Corporation Chief Executive Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Service Director and President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Director
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Plan Services of Director and President
California, Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Director
Insurance Company DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
James M. Jensen, American Express Financial IDS Tower 10 Vice President
Vice President Advisors Inc. Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund, Inc. Director
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Richard W. Kling, AMEX Assurance Company IDS Tower 10 Director
Director and President Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Centurion Life Director and Chairman of
Assurance Company the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Director and Chairman of
Insurance Company the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Director and President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Senior Vice President
Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Director and Senior Vice
Corporation President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Director and President
Agency of Arizona Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Director and President
Agency of Idaho Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Director and President
Agency of Nevada Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Insurance Director and President
Agency of Oregon Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Director and President
Casualty Insurance Agency
of Kentucky Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Director and President
Casualty Insurance Agency
of Maryland Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Property Director and President
Casualty Insurance Agency
of Pennsylvania Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Service Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Director and Chairman of
Insurance Company the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Director and Chairman of
the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
Alabama Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
Arkansas Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
Massachusetts Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
New Mexico Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
North Carolina Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
Ohio Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Insurance Agency of Director and President
Wyoming Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund, Inc. Director and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Variable Annuity Manager, Chairman of the
Funds A and B Board and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Director
Insurance Company DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Director and Chairman of
of New York Albany, NY 12205 the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Paul F. Kolkman, American Express Financial IDS Tower 10 Vice President
Director and Executive Vice Advisors Inc. Minneapolis, MN 55440
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund, Inc. Vice President and Chief
Actuary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Director
Insurance Company DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Paula R. Meyer, American Enterprise Life IDS Tower 10 Vice President
Director and Executive Vice Insurance Company Minneapolis, MN 55440
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Director
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Director and President
Insurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Director and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Investors Syndicate Director, Chairman of the
Development Corporation Board and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Pamela J. Moret, American Express Financial IDS Tower 10 Vice President
Executive Vice President Advisors Inc. Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Trust Vice President
Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Barry J. Murphy, American Express Client IDS Tower 10 Director and President
Director and Executive Vice Service Corporation Minneapolis, MN 55440
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Senior Vice President
Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Director and Senior Vice
Corporation President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
James R. Palmer, American Express Financial IDS Tower 10 Vice President
Vice President Advisors Inc. Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Stuart A. Sedlacek, AMEX Assurance Company IDS Tower 10 Director
Director and Executive Vice Minneapolis, MN 55440
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Executive Vice President
Insurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Senior Vice President and
Advisors Inc. Chief Financial Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Senior Vice President and
Corporation Chief Financial Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Trust Director
Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Director and Vice President
Insurance Agency
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Director and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Property Casualty 1 WEG Blvd. Director
Insurance Company DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
F. Dale Simmons, AMEX Assurance Company IDS Tower 10 Vice President
Vice President Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Centurion Life Vice President
Assurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Vice President
Insurance
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Vice President
Insurance Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Certificate Company Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Partnership Services Director and Vice President
Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Real Estate Services Director and Vice President
Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Realty Corporation Director and Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Vice President
of New York Albany, NY 12205
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
William A. Stoltzmann, American Enterprise Life IDS Tower 10 Director, Vice President,
Vice President, General Insurance Company Minneapolis, MN 55440 General Counsel and
Counsel and Secretary Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Director, Vice President
Corporation and Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President and
Advisors Inc. Assistant General Counsel
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Express Financial Vice President and
Corporation Assistant General Counsel
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Partners Life Director, Vice President,
Insurance Company General Counsel and
Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company Vice President, General
Counsel and Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<PAGE>
Item 26. Business and Other Connections of Investment Advisor
(IDS Life Insurance Company). (Continued)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Series Fund Inc. General Counsel and
Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Variable Annuity General Counsel and
Funds A & B Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
Philip C. Wentzel, American Centurion Life IDS Tower 10 Vice President and
Vice President and Controller Assurance Company Minneapolis, MN 55440 Controller, Risk Management
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
American Enterprise Life Vice President and
Insurance Company Controller
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
IDS Life Insurance Company P.O. Box 5144 Vice President and
of New York Albany, NY 12205 Controller, Risk Management
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
</TABLE>
<PAGE>
Principal Underwriters
Item 27. The Fund has no principal underwriter.
Location of Accounts and Records
Item 28. American Express Financial Corporation
IDS Tower 10
Minneapolis, MN 55440-0010
Management Services
Item 29. Not Applicable.
Undertakings
Item 30. Not Applicable.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Act and the Investment Company
Act, the Registrant, AXP Variable Portfolio - Money Market Series, Inc.
certifies that it meets all of the requirements for effectiveness of this
Amendment to its Registration Statement under Rule 485(b) of the Securities Act
and has duly caused this Amendment to its Registration Statement to be signed on
its behalf by the undersigned, duly authorized, in the City of Minneapolis and
State of Minnesota on the 28th day of October, 1999.
AXP VARIABLE PORTFOLIO - MONEY MARKET SERIES, INC.
By /s/ Arne H. Carlson**
Arne H. Carlson, Chief Executive Officer
By /s/ John Knight
John Knight, Treasurer
Pursuant to the requirements of the Securities Act of 1933, this Amendment to
its Registration Statement has been signed below by the following persons in the
capacities indicated on the 28th day of October, 1999.
Signature Capacity
/s/ H. Brewster Atwater, Jr.* Director
H. Brewster Atwater, Jr.
/s/ Arne H. Carlson* Chairman of the Board
Arne H. Carlson
/s/ Lynne V. Cheney* Director
Lynne V. Cheney
/s/ David R. Hubers* Director
David R. Hubers
/s/ Heinz F. Hutter* Director
Heinz F. Hutter
/s/ Anne P. Jones* Director
Anne P. Jones
/s/ William R. Pearce* Director
William R. Pearce
<PAGE>
Signature Capacity
/s/ Alan K. Simpson* Director
Alan K. Simpson
/s/ John R. Thomas* Director
John R. Thomas
/s/ C. Angus Wurtele* Director
C. Angus Wurtele
*Signed pursuant to Directors' Power of Attorney dated Jan. 14, 1999, filed
electronically as Exhibit (p)(1) to Post-Effective Amendment No. 37 to
Registration Statement No. 2-73115, by:
/s/ Leslie L. Ogg
Leslie L. Ogg
**Signed pursuant to Officers' Power of Attorney dated March 1, 1999, filed
electronically as Exhibit (p)(2) to Post-Effective Amendment No. 37 to
Registration Statement No. 2-73115, by:
/s/ Leslie L. Ogg
Leslie L. Ogg
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CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 34
TO REGISTRATION STATEMENT NO. 2-72584
This post-effective amendment contains the following papers and documents:
The facing sheet.
Part A (incorporated by reference).
The prospectus.
Part B (incorporated by reference).
Statement of Additional Information.
Part C.
Other information.
The signatures.
Exhibits.
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AXP VARIABLE PORTFOLIO-MONEY MARKET SERIES, INC.
File No. 2-72584/811-3190
EXHIBIT INDEX
Exhibit (i): Opinion and Consent of Counsel.
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Opinion of Counsel
October 28, 1999
AXP Variable Portfolio-Money Market Series, Inc.
IDS Tower 10
Minneapolis, MN 55440-0010
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of AXP Variable
Portfolio-Money Market Series, Inc. (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 that the
shares sold in accordance with applicable federal and state securities laws will
be legally issued, fully paid, and nonassessable.
This opinion may be used in connection with the Post-Effective Amendment.
Sincerely,
/s/ Leslie L. Ogg
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
