Supplement Dated January 7, 2000*
to the Statement of Additional Information Dated October 29, 1999
of American Express(R) Variable Portfolio Funds
The following revisions apply to the AXPSM Variable Portfolio - New Dimensions
Fund in the "Agreements" section under the "Investment Management Services
Agreement" heading.
The information regarding the annual rate of the fee at each asset level is
deleted in its entirety and replaced with the following:
Assets Annual rate at
(billions) each asset level
First $1 0.630%
Next 1 0.615%
Next 1 0.600%
Next 3 0.585%
Over 6 0.570%
S-6466-32 A (01/00)
*Valid until next update.
