Prospectus Supplement* Dec. 27, 1999
AXP Cash Management Fund S-6320 N (9/99)
AXP Tax-Free Money Fund S-6433 M (2/99)
The following information has been revised under the section titled "Selling
Shares":
For AXP Cash Management Fund
You can change your mind after requesting a sale of Class B shares and use all
or part of the proceeds to purchase new shares in the same account from which
you sold. If you reinvest in Class B, any CDSC you paid on the amount you are
reinvesting also will be reinvested. To take advantage of this option, send a
request within 90 days of the date your sale request was received and include
your account number. This privilege may be limited or withdrawn at any time and
may have tax consequences.
The following language has been deleted under the section titled
"Exchanging/Selling Shares":
For AXP Cash Management Fund and AXP Tax-Free Money Fund
You may make up to three exchanges within any 30 day period, with each limited
to $300,000. These limits do not apply to scheduled exchange programs and
certain employee benefit plans or other arrangements through which one
shareholder represents the interests of several. Exceptions may be allowed with
the pre-approval of the Fund.
S-6554 A (12/99)
*Valid until next prospectus update
