<PAGE>
PAGE 1
<TABLE><CAPTION>
PROSPECTUS SUPPLEMENT JULY 1, 1996.
<C> <C>
IDS Bond Fund, Inc. (Oct 30, 1995) S-6495 J
IDS Discovery Fund, Inc. (Sept. 20, 1995) S-6457 J
IDS Extra Income Fund, Inc. (Oct. 30, 1995) S-6370 J
IDS Equity Select Fund, Inc. (Jan. 29, 1996) S-6426 K
IDS Federal Income Fund Inc. (Aug 29, 1995,
as revised March 29, 1996) S-6042 K
IDS Global Series
IDS Global Bond Fund (Dec. 29, 1995) S-6309 J
IDS Global Growth Fund (Dec. 29, 1995) S-6334 J
IDS Growth Fund, Inc. (Sept. 29, 1995) S-6455 J
IDS International Fund, Inc. (Dec. 29, 1995) S-6140 J
IDS Investment Series
IDS Diversified Equity Income Fund (Nov. 29, 1995) S-6475 J
IDS Mutual (Nov. 29, 1995) S-6326 K
IDS Managed Retirement Fund, Inc. (Jan. 29, 1996) S-6141 K
IDS Market Advantage Series
IDS Blue Chip Advantage Fund (March 29, 1996) S-6025 J
IDS Money Market Series, Inc.
IDS Cash Management Fund (Sept. 29, 1995) S-6320 J
IDS New Dimensions Fund, Inc. (Nov. 29, 1995) S-6440 J
IDS Precious Metals Fund, Inc. (May 30, 1996) S-6142 K
IDS Progressive Fund, Inc. (Nov. 29, 1995) S-6449 J
IDS Selective Fund, Inc. (Jan 29, 1996) S-6376 K
IDS Stock Fund, Inc. (Dec 29, 1995) S-6351 K
IDS Strategy Fund, Inc.
IDS Strategy Aggressive Fund (May 30, 1996) S-6381 D
IDS Equity Value Fund (May 30, 1996) S-6382 D
IDS Tax-Free Money Fund, Inc. (Feb. 26, 1996) S-6433 J
IDS Utilities Income Fund, Inc. (August 29, 1995) S-6341 J
</TABLE>
The section titled "How to purchase, exchange or redeem shares -
Reduction of the sales charge on Class A shares", has been revised
to state:
"Your sales charge may be reduced, depending on the totals of:
The amount you and your primary household group are investing or
have in other funds in the IDS MUTUAL FUND GROUP that carry a sales
charge. (The primary household group consists of accounts in any
ownership for spouses or domestic partners and their unmarried
children under 21. Domestic partners are individuals who maintain
a shared primary residence and have joint property or other
insurable interest.)"
Form No. S-6110 A (7/96)
Valid until next prospectus update
Destroy May 30, 1997<PAGE>
PAGE 2
STATEMENT OF ADDITIONAL INFORMATION (SAI) SUPPLEMENT JULY 1, 1996.
<TABLE><CAPTION>
<C> <C>
IDS Bond Fund, Inc. (Oct 30, 1995) S-6495-20 K
IDS Discovery Fund, Inc. (Sept. 20, 1995) S-6457-20 N
IDS Extra Income Fund, Inc. (Oct. 30, 1995) S-6370-20 K
IDS Equity Select Fund, Inc. (Jan. 29, 1996) S-6426-20 I
IDS Federal Income Fund Inc. (Aug 29, 1995,
as revised March 29, 1996) S-6042-20
L
IDS Global Series
IDS Global Bond Fund (Dec. 29, 1995) S-6309-20 L
IDS Global Growth Fund (Dec. 29, 1995) S-6334-20 K
IDS Growth Fund, Inc. (Sept. 29, 1995) S-6455-20 N
IDS International Fund, Inc. (Dec. 29, 1995) S-6140-20 M
IDS Investment Series
IDS Diversified Equity Income Fund (Nov. 29, 1995) S-6475-20 I
IDS Mutual (Nov. 29, 1995) S-6326-20 L
IDS Managed Retirement Fund, Inc. (Jan. 29, 1996) S-6141-20 J
IDS Market Advantage Series
IDS Blue Chip Advantage Fund (March 29, 1996) S-6025-20 J
IDS Money Market Series, Inc.
IDS Cash Management Fund (Sept. 29, 1995) S-6320-20 Q
IDS New Dimensions Fund, Inc. (Nov. 29, 1995) S-6440-20 K
IDS Precious Metals Fund, Inc. (May 30, 1996) S-6142-20 M
IDS Progressive Fund, Inc. (Nov. 29, 1995) S-6449-20 L
IDS Selective Fund, Inc. (Jan 29, 1996) S-6376-20 J
IDS Stock Fund, Inc. (Dec 29, 1995) S-6351-20 L
IDS Strategy Fund, Inc.
IDS Strategy Aggressive Fund (May 30, 1996) S-6381-20 D
IDS Equity Value Fund (May 30, 1996) S-6382-20 D
IDS Tax-Free Money Fund, Inc. (Feb. 26, 1996) S-6433-20 M
IDS Utilities Income Fund, Inc. (August 29, 1995) S-6341-20 L
</TABLE>
The section titled "Investing in the Fund - Class A - Reducing the
Sales Charge" has been revised to state:
"The total amount invested includes any shares held in the
Fund in the name of a member of your primary household group. The
primary household group consists of accounts in any ownership for
spouses or domestic partners and their unmarried children under 21.
Domestic partners are individuals who maintain a shared primary
residence and have joint property or other insurable interest. For
instance, if your spouse already has invested $20,000 and you want
to invest $40,000, your total amount invested will be $60,000 and
therefore you will pay the lower charge of 4.5% on $10,000 of the
$40,000."
Form No. S-6110-20 A (7/96)
Valid until next SAI update
Destroy May 30, 1997
