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PROSPECTUS SUPPLEMENT April 22, 1996
IDS Growth Fund, Inc. (Sept. 29, 1995) S-6455 K
The cover page has been revised to add:
"The Fund will change its organizational structure in May,
1996 and its investments will be managed under a master/feeder
arrangement. The investments will not change and they will
continue to be managed by the same portfolio manager in the same
manner as they are now managed. The reason for the change is to
permit American Express Financial Corporation to manage several
funds and accounts on a combined basis thereby possibly reducing
some costs. The Fund will own units of the Growth Portfolio of the
Growth Trust which is an investment company having the same
investment objectives, policies and restrictions as the Fund.
Except for certain annual and semi-annual financial statements of
the Fund that you receive, your investment and all the reports will
remain unchanged."
The section "Sales charge and Fund expenses" is modified as
follows:
"...Fund operating expenses are paid out of Fund assets for
each class of shares and include expenses charged by both the Fund
and the Portfolio...."
The fee table is modified as follows:
Shareholder transaction expenses
Class A Class B Class Y
Maximum sales charge on purchases
(as a percentage of offering price) 5% 0% 0%
Maximum deferred sales charge imposed
on redemptions (as a percentage of
original purchase price)
Annual Fund operating expenses including amount
paid for investment management services*
(% of average daily net assets): 0% 5% 0%
Class A Class B Class Y
Management fee 0.60% 0.60% 0.60%
12b-1 fee 0.00% 0.75% 0.00%
Other expenses** 0.38% 0.39% 0.20%
Total*** 0.98% 1.74% 0.80%
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* Expenses for Class A are based on actual expenses for the last
fiscal year, restated to reflect current fees. Expenses for Class
B and Class Y are estimated based on the restated expenses for
Class A, except that the 12b-1 fee and transfer agency fee (under
other expenses) for Class B are based on agreements for that class
and that Class Y does not have a service fee.
** Other expenses include an administrative services fee, a
shareholder services fee for Class A and Class B, a transfer agency
fee and other non-advisory expenses.
*** The Board considered whether the aggregate expenses of the Fund
and the Portfolio would be more or less than if the Fund invested
directly in the type of securities being held by its corresponding
Portfolio. American Express Financial Corporation has agreed to
pay the small additional costs required to use a master/feeder
structure to manage the investment portfolio during the first year
of its operation and half of such costs in the second year. These
additional costs may be more than offset in subsequent years if the
assets being managed increase.
The section "Special considerations regarding master/feeder
structure" has been revised to add:
"Information on other funds investing in the Portfolio may be
obtained by contacting American Express Financial Advisors at 1-
800-AXP-SERV."
The "Board members and officers" section has been revised to add:
"The members of the Board also serve as members of the Board
of the Growth Trust which manages the investments of the Fund and
other accounts. Should any conflict of interest arise between the
interests of the shareholders of the Fund and those of the other
accounts, the Board will follow written procedures to address the
conflict."
S - 6455-22 A (4/96)
* Destroy Sept. 29, 1996
