<PAGE> PAGE 1
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001 A000000 AXP MONEY MARKET SERIES, INC.
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002 B000000 MINNEAPOLIS
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002 D010000 55440
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008 B00AA01 A
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008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
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011 C02AA01 MN
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<PAGE> PAGE 2
012 C02AA01 MN
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012 C04AA01 0010
013 A00AA01 KPMG LLP
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013 B03AA01 55402
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014 B00AA02 8-16791
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014 B00AA03 8-14124
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014 B00AA04 8-12550
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014 B00AA05 8-27456
014 A00AA06 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA06 8-42582
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<PAGE> PAGE 3
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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
SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP CASH MANAGEMENT FUND CLASS A
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 5316407557
<INVESTMENTS-AT-VALUE> 5316407557
<RECEIVABLES> 5577170
<ASSETS-OTHER> 31928338
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5353913065
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5940831
<TOTAL-LIABILITIES> 5940831
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5348013140
<SHARES-COMMON-STOCK> 5032101654
<SHARES-COMMON-PRIOR> 3925778122
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1
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<OVERDISTRIBUTION-GAINS> 40905
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<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 244544562
<OTHER-INCOME> 0
<EXPENSES-NET> 26353731
<NET-INVESTMENT-INCOME> 218190831
<REALIZED-GAINS-CURRENT> (23649)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 218167182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 207307884
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 15895585252
<NUMBER-OF-SHARES-REDEEMED> 14989493686
<SHARES-REINVESTED> 200231966
<NET-CHANGE-IN-ASSETS> 1252227468
<ACCUMULATED-NII-PRIOR> 459
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 36532
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<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 1.00
<EXPENSE-RATIO> .57
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP CASH MANAGEMENT FUND CLASS B
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 5316407557
<INVESTMENTS-AT-VALUE> 5316407557
<RECEIVABLES> 5577170
<ASSETS-OTHER> 31928338
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5353913065
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5940831
<TOTAL-LIABILITIES> 5940831
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 5348013140
<SHARES-COMMON-STOCK> 191956882
<SHARES-COMMON-PRIOR> 97654880
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 1
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 40905
<ACCUM-APPREC-OR-DEPREC> 0
<NET-ASSETS> 191892847
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 244544562
<OTHER-INCOME> 0
<EXPENSES-NET> 26353731
<NET-INVESTMENT-INCOME> 218190831
<REALIZED-GAINS-CURRENT> (23649)
<APPREC-INCREASE-CURRENT> 0
<NET-CHANGE-FROM-OPS> 218167182
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 6033815
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 357419551
<NUMBER-OF-SHARES-REDEEMED> 268882796
<SHARES-REINVESTED> 5765247
<NET-CHANGE-IN-ASSETS> 1252227468
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<EXPENSE-RATIO> 1.32
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP CASH MANAGEMENT FUND CLASS Y
<S> <C>
<PERIOD-TYPE> Year
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 5316407557
<INVESTMENTS-AT-VALUE> 5316407557
<RECEIVABLES> 5577170
<ASSETS-OTHER> 31928338
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<TOTAL-ASSETS> 5353913065
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<OTHER-ITEMS-LIABILITIES> 5940831
<TOTAL-LIABILITIES> 5940831
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<PAID-IN-CAPITAL-COMMON> 5348013140
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<REALIZED-GAINS-CURRENT> (23649)
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<EXPENSE-RATIO> .56
</TABLE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS CASH MANAGEMENT FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 2,694,483,117.310 51.314% 97.917%
Withhold 57,316,343.847 1.092% 2.083%
TOTAL 2,751,799,461.157 52.406% 100.000%
Arne H. Carlson
Affirmative 2,688,539,992.451 51.201% 97.701%
Withhold 63,259,468.706 1.205% 2.299%
TOTAL 2,751,799,461.157 52.406% 100.000%
Lynne V. Cheney
Affirmative 2,693,196,076.231 51.290% 97.870%
Withhold 58,603,384.926 1.116% 2.130%
TOTAL 2,751,799,461.157 52.406% 100.000%
William H. Dudley
Affirmative 2,695,738,971.983 51.338% 97.963%
Withhold 56,060,489.174 1.068% 2.037%
TOTAL 2,751,799,461.157 52.406% 100.000%
David R. Hubers
Affirmative 2,695,507,752.773 51.334% 97.954%
Withhold 56,291,708.384 1.072% 2.046%
TOTAL 2,751,799,461.157 52.406% 100.000%
Heinz F. Hutter
Affirmative 2,694,142,654.333 51.308% 97.905%
Withhold 57,656,806.824 1.098% 2.095%
TOTAL 2,751,799,461.157 52.406% 100.000%
Anne P. Jones
Affirmative 2,694,623,393.143 51.317% 97.922%
Withhold 57,176,068.014 1.089% 2.078%
TOTAL 2,751,799,461.157 52.406% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS CASH MANAGEMENT FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 2,693,430,062.897 51.294% 97.879%
Withhold 58,369,398.260 1.112% 2.121%
TOTAL 2,751,799,461.157 52.406% 100.000%
Alan K. Simpson
Affirmative 2,691,883,192.129 51.265% 97.823%
Withhold 59,916,269.028 1.141% 2.177%
TOTAL 2,751,799,461.157 52.406% 100.000%
John R. Thomas
Affirmative 2,696,206,088.715 51.347% 97.980%
Withhold 55,593,372.442 1.059% 2.020%
TOTAL 2,751,799,461.157 52.406% 100.000%
C. Angus Wurtele
Affirmative 2,693,812,745.926 51.301% 97.893%
Withhold 57,986,715.231 1.105% 2.107%
TOTAL 2,751,799,461.157 52.406% 100.000%
2. Ratify the selection of independent auditors
Affirmative 2,666,038,526.638 50.772% 96.883%
Against 34,011,432.391 .648% 1.236%
Abstain 51,749,502.128 .986% 1.881%
TOTAL 2,751,799,461.157 52.406% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 2,494,252,720.210 47.501% 90.641%
Against 198,036,287.813 3.771% 7.196%
Abstain 59,510,453.134 1.134% 2.163%
TOTAL 2,751,799,461.157 52.406% 100.000%
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS CASH MANAGEMENT FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
5. Approve changes to the Investment Management Services
Agreement
Affirmative 2,395,589,740.801 45.622% 87.256%
Against 243,103,301.575 4.630% 8.854%
Abstain 106,785,839.781 2.033% 3.890%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 2,508,408,362.107 47.771% 91.365%
Against 135,276,148.262 2.576% 4.927%
Abstain 101,794,371.788 1.938% 3.708%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
6.4 Other investment companies
Affirmative 2,510,933,408.952 47.819% 91.457%
Against 131,052,168.351 2.495% 4.773%
Abstain 103,493,304.854 1.971% 3.770%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
6.5 Pledging or mortgaging
Affirmative 2,502,003,326.434 47.649% 91.132%
Against 140,818,040.309 2.681% 5.129%
Abstain 102,657,515.414 1.955% 3.739%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS CASH MANAGEMENT FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6.6 Three years operating history
Affirmative 2,510,490,930.876 47.810% 91.441%
Against 132,036,574.397 2.515% 4.809%
Abstain 102,951,376.884 1.960% 3.750%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
6.7 Exploration programs
Affirmative 2,506,853,678.306 47.741% 91.308%
Against 135,475,799.917 2.580% 4.935%
Abstain 103,149,403.934 1.964% 3.757%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
6.8 Control or manage
Affirmative 2,508,727,089.503 47.777% 91.377%
Against 133,197,427.710 2.536% 4.851%
Abstain 103,554,364.944 1.972% 3.772%
TOTAL 2,745,478,882.157 52.285% 100.000%
Not Voting 6,320,579.000
<PAGE>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 5
IDS FUNDS
IDS CASH MANAGEMENT FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 5,250,954,302.205
VOTED SHARES 2,751,799,461.157
PERCENT VOTED 52.406%
Independent Auditors' Report
on Internal Accounting Control
The Board of Directors and Shareholders
AXP Money Market Series, Inc.:
In planning and performing our audit of the financial statements of
AXP Cash Management Fund, Inc. (a fund within AXP Money Market
Series, Inc.) for the year ended July 31, 1999, we
considered its 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 Money Market 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 course
of 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 Money Market
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
September 3, 1999
