<PAGE> PAGE 1
000 B000000 08/31/99
000 C000000 0000353967
000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000
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002 B000000 MINNEAPOLIS
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002 D020000 0010
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C020300 AXP VARIABLE PORTFOLIO - EXTRA INCOME FUND
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007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
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007 C011700 17
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007 C011900 19
007 C012000 20
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<PAGE> PAGE 2
008 C00AA01 801-8101
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008 D04AA02 0010
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012 C04AA01 0010
013 A00AA01 KPMG LLP
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014 A00AA01 AMERICAN EXPRESS SERVICE CORPORATION
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014 A00AA02 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA02 8-42582
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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
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<PAGE> PAGE 3
019 B00AA00 48
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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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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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SIGNATURE LESLIE L. OGG
TITLE SECRETARY
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<NAME> AXP VP -- BOND FUND
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<DIVIDEND-INCOME> 2290910
<INTEREST-INCOME> 144232068
<OTHER-INCOME> 0
<EXPENSES-NET> 12576511
<NET-INVESTMENT-INCOME> 133946467
<REALIZED-GAINS-CURRENT> (59672912)
<APPREC-INCREASE-CURRENT> (28854381)
<NET-CHANGE-FROM-OPS> 45419174
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 129854610
<DISTRIBUTIONS-OF-GAINS> 4108552
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9705292
<NUMBER-OF-SHARES-REDEEMED> 23348532
<SHARES-REINVESTED> 12224882
<NET-CHANGE-IN-ASSETS> 102208198
<ACCUMULATED-NII-PRIOR> 2105989
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 2282277
<GROSS-ADVISORY-FEES> 11191880
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 12576511
<AVERAGE-NET-ASSETS> 1855778102
<PER-SHARE-NAV-BEGIN> 11.08
<PER-SHARE-NII> .79
<PER-SHARE-GAIN-APPREC> (0.52)
<PER-SHARE-DIVIDEND> .77
<PER-SHARE-DISTRIBUTIONS> .02
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.56
<EXPENSE-RATIO> .68
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP VP GLOBAL BOND FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 202795870
<INVESTMENTS-AT-VALUE> 197837361
<RECEIVABLES> 21151916
<ASSETS-OTHER> 96971
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 219086248
<PAYABLE-FOR-SECURITIES> 20726215
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 933802
<TOTAL-LIABILITIES> 21660017
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 207469250
<SHARES-COMMON-STOCK> 20069246
<SHARES-COMMON-PRIOR> 18170417
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 366177
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 4690693
<ACCUM-APPREC-OR-DEPREC> (4986149)
<NET-ASSETS> 197426231
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 12706266
<OTHER-INCOME> 0
<EXPENSES-NET> 1925976
<NET-INVESTMENT-INCOME> 10780290
<REALIZED-GAINS-CURRENT> (5258630)
<APPREC-INCREASE-CURRENT> (1292387)
<NET-CHANGE-FROM-OPS> 4229273
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 10036136
<DISTRIBUTIONS-OF-GAINS> 60153
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 2510601
<NUMBER-OF-SHARES-REDEEMED> 1593306
<SHARES-REINVESTED> 981534
<NET-CHANGE-IN-ASSETS> 14088799
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 411170
<OVERDIST-NET-GAINS-PRIOR> 71071
<GROSS-ADVISORY-FEES> 1689945
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1925976
<AVERAGE-NET-ASSETS> 201183858
<PER-SHARE-NAV-BEGIN> 10.09
<PER-SHARE-NII> .55
<PER-SHARE-GAIN-APPREC> (.29)
<PER-SHARE-DIVIDEND> .26
<PER-SHARE-DISTRIBUTIONS> .51
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.84
<EXPENSE-RATIO> .96
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP VP EXTRA INCOME FUND
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> AUG-31-1999
<PERIOD-END> AUG-31-1999
<INVESTMENTS-AT-COST> 684860287
<INVESTMENTS-AT-VALUE> 621838112
<RECEIVABLES> 17960762
<ASSETS-OTHER> 6548429
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 646347303
<PAYABLE-FOR-SECURITIES> 1080474
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7228953
<TOTAL-LIABILITIES> 8309427
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 731037350
<SHARES-COMMON-STOCK> 72957929
<SHARES-COMMON-PRIOR> 59149923
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 674915
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 29302384
<ACCUM-APPREC-OR-DEPREC> (63022175)
<NET-ASSETS> 638037876
<DIVIDEND-INCOME> 7946033
<INTEREST-INCOME> 57379689
<OTHER-INCOME> 0
<EXPENSES-NET> 4208200
<NET-INVESTMENT-INCOME> 61117522
<REALIZED-GAINS-CURRENT> (29699969)
<APPREC-INCREASE-CURRENT> (14674862)
<NET-CHANGE-FROM-OPS> 16742691
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (6106060)
<DISTRIBUTIONS-OF-GAINS> 6531786
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9758757
<NUMBER-OF-SHARES-REDEEMED> 3462581
<SHARES-REINVESTED> 7511830
<NET-CHANGE-IN-ASSETS> 73756879
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 6529622
<OVERDISTRIB-NII-PRIOR> 332628
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3725928
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4208200
<AVERAGE-NET-ASSETS> 600956051
<PER-SHARE-NAV-BEGIN> 9.54
<PER-SHARE-NII> 0.92
<PER-SHARE-GAIN-APPREC> (0.69)
<PER-SHARE-DIVIDEND> (0.92)
<PER-SHARE-DISTRIBUTIONS> (0.10)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 8.75
<EXPENSE-RATIO> 0.76
</TABLE>
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
AXP Variable Portfolio Income Series, Inc.:
In planning and performing our audits of the financial statements of AXP
Variable Portfolio Bond, AXP Variable Portfolio Global Bond, and AXP Variable
Portfolio Extra Income Fund (funds within AXP Variable Portfolio Income Series,
Inc.) for the year ended August 31, 1999, we considered their 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 Income Series, 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 courseof 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 Income Series, Inc., and the
Securities and Exchange Commission and is not intended to be and should not be
used by anyone other than these specified parties.
KPMG LLP
Minneapolis, Minnesota
October 1, 1999
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 255,987,397.949 98.472% 98.472%
Withhold 3,971,095.671 1.527% 1.528%
TOTAL 259,958,493.620 99.999% 100.000%
Arne H. Carlson
Affirmative 255,298,169.008 98.207% 98.207%
Withhold 4,660,324.612 1.792% 1.793%
TOTAL 259,958,493.620 99.999% 100.000%
Lynne V. Cheney
Affirmative 255,846,456.974 98.418% 98.418%
Withhold 4,112,036.646 1.581% 1.582%
TOTAL 259,958,493.620 99.999% 100.000%
William H. Dudley
Affirmative 256,051,548.880 98.496% 98.497%
Withhold 3,906,944.740 1.503% 1.503%
TOTAL 259,958,493.620 99.999% 100.000%
David R. Hubers
Affirmative 256,120,144.221 98.523% 98.523%
Withhold 3,838,349.399 1.476% 1.477%
TOTAL 259,958,493.620 99.999% 100.000%
Heinz F. Hutter
Affirmative 255,873,563.059 98.428% 98.429%
Withhold 4,084,930.561 1.571% 1.571%
TOTAL 259,958,493.620 99.999% 100.000%
Anne P. Jones
Affirmative 256,088,232.507 98.511% 98.511%
Withhold 3,870,261.113 1.488% 1.489%
TOTAL 259,958,493.620 99.999% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 255,775,220.116 98.390% 98.391%
Withhold 4,183,273.504 1.609% 1.609%
TOTAL 259,958,493.620 99.999% 100.000%
Alan K. Simpson
Affirmative 255,665,879.565 98.348% 98.349%
Withhold 4,292,614.055 1.651% 1.651%
TOTAL 259,958,493.620 99.999% 100.000%
John R. Thomas
Affirmative 256,088,736.161 98.511% 98.511%
Withhold 3,869,757.459 1.488% 1.489%
TOTAL 259,958,493.620 99.999% 100.000%
C. Angus Wurtele
Affirmative 256,022,447.332 98.485% 98.486%
Withhold 3,936,046.288 1.514% 1.514%
TOTAL 259,958,493.620 99.999% 100.000%
2. Ratify the selection of independent auditors
Affirmative 253,927,318.844 97.679% 97.680%
Against 2,547,363.647 .980% .980%
Abstain 3,483,811.129 1.340% 1.340%
TOTAL 259,958,493.620 99.999% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 239,938,111.149 92.298% 92.299%
Against 15,853,201.710 6.098% 6.098%
Abstain 4,167,180.761 1.603% 1.603%
TOTAL 259,958,493.620 99.999% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND, INC.
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 259,960,053.640
VOTED SHARES 259,958,493.620
PERCENT VOTED 99.999%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE GLOBAL YIELD FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 19,907,972.577 98.781% 98.781%
Withhold 245,646.518 1.219% 1.219%
TOTAL 20,153,619.095 100.000% 100.000%
Arne H. Carlson
Affirmative 19,852,677.591 98.507% 98.507%
Withhold 300,941.504 1.493% 1.493%
TOTAL 20,153,619.095 100.000% 100.000%
Lynne V. Cheney
Affirmative 19,881,644.312 98.650% 98.650%
Withhold 271,974.783 1.350% 1.350%
TOTAL 20,153,619.095 100.000% 100.000%
William H. Dudley
Affirmative 19,905,007.684 98.766% 98.766%
Withhold 248,611.411 1.234% 1.234%
TOTAL 20,153,619.095 100.000% 100.000%
David R. Hubers
Affirmative 19,913,988.990 98.811% 98.811%
Withhold 239,630.105 1.189% 1.189%
TOTAL 20,153,619.095 100.000% 100.000%
Heinz F. Hutter
Affirmative 19,884,423.178 98.664% 98.664%
Withhold 269,195.917 1.336% 1.336%
TOTAL 20,153,619.095 100.000% 100.000%
Anne P. Jones
Affirmative 19,928,748.400 98.884% 98.884%
Withhold 224,870.695 1.116% 1.116%
TOTAL 20,153,619.095 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE GLOBAL YIELD FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 19,858,138.612 98.534% 98.534%
Withhold 295,480.483 1.466% 1.466%
TOTAL 20,153,619.095 100.000% 100.000%
Alan K. Simpson
Affirmative 19,871,814.094 98.602% 98.602%
Withhold 281,805.001 1.398% 1.398%
TOTAL 20,153,619.095 100.000% 100.000%
John R. Thomas
Affirmative 19,906,153.242 98.772% 98.772%
Withhold 247,465.853 1.228% 1.228%
TOTAL 20,153,619.095 100.000% 100.000%
C. Angus Wurtele
Affirmative 19,906,120.562 98.772% 98.772%
Withhold 247,498.533 1.228% 1.228%
TOTAL 20,153,619.095 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 19,769,089.063 98.092% 98.092%
Against 137,032.046 .680% .680%
Abstain 247,497.986 1.228% 1.228%
TOTAL 20,153,619.095 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 18,828,707.646 93.426% 93.426%
Against 967,940.082 4.803% 4.803%
Abstain 356,971.367 1.771% 1.771%
TOTAL 20,153,619.095 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 17,936,246.029 88.998% 88.998%
Against 1,725,074.036 8.559% 8.559%
Abstain 492,299.030 2.443% 2.443%
TOTAL 20,153,619.095 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE GLOBAL YIELD 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 18,868,266.450 93.622% 93.622%
Against 721,979.867 3.583% 3.583%
Abstain 563,372.778 2.795% 2.795%
TOTAL 20,153,619.095 100.000% 100.000%
6.2 Senior securities
Affirmative 18,878,845.787 93.675% 93.675%
Against 703,245.122 3.489% 3.489%
Abstain 571,528.186 2.836% 2.836%
TOTAL 20,153,619.095 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE GLOBAL YIELD FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 20,153,619.095
VOTED SHARES 20,153,619.095
PERCENT VOTED 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE INCOME ADVANTAGE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 68,104,414.549 98.641% 98.641%
Withhold 938,086.768 1.359% 1.359%
TOTAL 69,042,501.317 100.000% 100.000%
Arne H. Carlson
Affirmative 67,974,279.845 98.453% 98.453%
Withhold 1,068,221.472 1.547% 1.547%
TOTAL 69,042,501.317 100.000% 100.000%
Lynne V. Cheney
Affirmative 68,113,918.144 98.655% 98.655%
Withhold 928,583.173 1.345% 1.345%
TOTAL 69,042,501.317 100.000% 100.000%
William H. Dudley
Affirmative 68,125,626.328 98.672% 98.672%
Withhold 916,874.989 1.328% 1.328%
TOTAL 69,042,501.317 100.000% 100.000%
David R. Hubers
Affirmative 68,158,245.288 98.719% 98.719%
Withhold 884,256.029 1.281% 1.281%
TOTAL 69,042,501.317 100.000% 100.000%
Heinz F. Hutter
Affirmative 68,076,031.447 98.600% 98.600%
Withhold 966,469.870 1.400% 1.400%
TOTAL 69,042,501.317 100.000% 100.000%
Anne P. Jones
Affirmative 68,185,276.816 98.758% 98.758%
Withhold 857,224.501 1.242% 1.242%
TOTAL 69,042,501.317 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE INCOME ADVANTAGE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 68,022,512.045 98.523% 98.523%
Withhold 1,019,989.272 1.477% 1.477%
TOTAL 69,042,501.317 100.000% 100.000%
Alan K. Simpson
Affirmative 68,031,340.030 98.535% 98.535%
Withhold 1,011,161.287 1.465% 1.465%
TOTAL 69,042,501.317 100.000% 100.000%
John R. Thomas
Affirmative 68,140,804.734 98.694% 98.694%
Withhold 901,696.583 1.306% 1.306%
TOTAL 69,042,501.317 100.000% 100.000%
C. Angus Wurtele
Affirmative 68,117,942.574 98.661% 98.661%
Withhold 924,558.743 1.339% 1.339%
TOTAL 69,042,501.317 100.000% 100.000%
2. Ratify the selection of independent auditors
Affirmative 67,328,548.288 97.518% 97.518%
Against 770,798.813 1.116% 1.116%
Abstain 943,154.216 1.366% 1.366%
TOTAL 69,042,501.317 100.000% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 64,374,394.911 93.239% 93.239%
Against 3,677,851.126 5.327% 5.327%
Abstain 990,255.280 1.434% 1.434%
TOTAL 69,042,501.317 100.000% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 61,316,022.090 88.809% 88.809%
Against 6,218,320.401 9.007% 9.007%
Abstain 1,508,158.826 2.184% 2.184%
TOTAL 69,042,501.317 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE INCOME ADVANTAGE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.2 Senior securities
Affirmative 64,387,577.029 93.258% 93.258%
Against 2,771,644.763 4.014% 4.014%
Abstain 1,883,279.525 2.728% 2.728%
TOTAL 69,042,501.317 100.000% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE INCOME ADVANTAGE FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 69,042,501.317
VOTED SHARES 69,042,501.317
PERCENT VOTED 100.00
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 167,975,010.823 98.367% 98.368%
Withhold 2,787,362.385 1.632% 1.632%
TOTAL 170,762,373.208 99.999% 100.000%
Arne H. Carlson
Affirmative 167,471,211.572 98.072% 98.073%
Withhold 3,291,161.636 1.927% 1.927%
TOTAL 170,762,373.208 99.999% 100.000%
Lynne V. Cheney
Affirmative 167,850,894.518 98.294% 98.295%
Withhold 2,911,478.690 1.705% 1.705%
TOTAL 170,762,373.208 99.999% 100.000%
William H. Dudley
Affirmative 168,020,914.868 98.394% 98.395%
Withhold 2,741,458.340 1.605% 1.605%
TOTAL 170,762,373.208 99.999% 100.000%
David R. Hubers
Affirmative 168,047,909.943 98.409% 98.410%
Withhold 2,714,463.265 1.590% 1.590%
TOTAL 170,762,373.208 99.999% 100.000%
Heinz F. Hutter
Affirmative 167,913,108.434 98.331% 98.331%
Withhold 2,849,264.774 1.668% 1.669%
TOTAL 170,762,373.208 99.999% 100.000%
Anne P. Jones
Affirmative 167,974,207.291 98.366% 98.367%
Withhold 2,788,165.917 1.633% 1.633%
TOTAL 170,762,373.208 99.999% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 167,894,569.459 98.320% 98.321%
Withhold 2,867,803.749 1.679% 1.679%
TOTAL 170,762,373.208 99.999% 100.000%
Alan K. Simpson
Affirmative 167,762,725.441 98.242% 98.243%
Withhold 2,999,647.767 1.757% 1.757%
TOTAL 170,762,373.208 99.999% 100.000%
John R. Thomas
Affirmative 168,041,778.185 98.406% 98.407%
Withhold 2,720,595.023 1.593% 1.593%
TOTAL 170,762,373.208 99.999% 100.000%
C. Angus Wurtele
Affirmative 167,998,384.196 98.380% 98.381%
Withhold 2,763,989.012 1.619% 1.619%
TOTAL 170,762,373.208 99.999% 100.000%
2. Ratify the selection of independent auditors
Affirmative 166,829,681.493 97.696% 97.697%
Against 1,639,532.788 .960% .960%
Abstain 2,293,158.927 1.343% 1.343%
TOTAL 170,762,373.208 99.999% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 156,735,008.592 91.785% 91.785%
Against 11,207,410.502 6.563% 6.564%
Abstain 2,819,954.114 1.651% 1.651%
TOTAL 170,762,373.208 99.999% 100.000%
4. Approve a new shareholder service and distribution plan
Affirmative 152,262,680.486 89.166% 89.166%
Against 13,999,926.729 8.198% 8.199%
Abstain 4,499,765.993 2.635% 2.635%
TOTAL 170,762,373.208 99.999% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS LIFE SPECIAL INCOME 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 158,543,062.410 92.843% 92.844%
Against 7,598,596.667 4.450% 4.450%
Abstain 4,620,714.131 2.706% 2.706%
TOTAL 170,762,373.208 99.999% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS LIFE SPECIAL INCOME FUND
June 16, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 170,763,933.228
VOTED SHARES 170,762,373.208
PERCENT VOTED 99.999%
