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Previous: EASTGROUP PROPERTIES, 10-K405, 1997-03-31 |
Next: FORTIS INCOME PORTFOLIOS INC, NSAR-A, 1997-03-31 |
<PAGE> 1
PROSPECTUS SUPPLEMENT MARCH 31, 1997*
IDS Research Opportunities Fund Prospectus (Aug. 5, 1996) S-6356A
(8/96).
The following is added at the end of page 7 and is intended to
update the financial information in the prospectus:
Financial highlights
Fiscal period ended July 31,
Per share income and capital changes*
Class A Class B Class Y
1997** 1997** 1997**
Net asset value, beginning of period $5.00 $5.00 $5.00
Income from investment operations:
Net investment income (loss) (.01) (.02) (.01)
Net gains(losses) (both realized .69 .69 .69
and unrealized)
Total from investment operations .68 .67 .68
Less distributions:
Distributions from realized gains (.01) (.01) (.01)
Net asset value, end of period $5.67 $5.66 $5.67
Ratios/supplemental data:
Class A Class B Class Y
1997** 1997** 1997**
Net assets, end of period (in millions) $105 $43 $--
Ratio of expenses to average daily
net assets# 2.18%+ 2.91%+ 2.18%+
Ratio of net income(loss) to average
daily net assets (.59%)+ (1.36%)+ (.26)%+
Total return++ 13.6% 13.2% 13.7%
Portfolio turnover rate (excluding short-term
securities) for the underlying Portfolio 82% 82% 82%
Average brokerage commission rate
for the underlying Portfolio## $0.0358 $0.0358 $0.0358
*For a share outstanding throughout the period. Rounded to the nearest cent.
**Inception date. Period from Aug. 19, 1996 to Jan. 31, 1997 (Unaudited).
+Adjusted to an annual basis.
++Total return does not reflect payment of a sales charge.
#Expense ratio is based on total expenses of the Fund before reduction of
earnings credits on cash balances.
##The Fund is required to disclose an average brokerage commission rate.
The rate is calculated by dividing the total brokerage commissions paid on
applicable purchases and sales of portfolio securities for the period by the
total number of related shares purchased and sold.
Please see the 1997 semi-annual report for additional information.
The semi-annual report is incorporated into the prospectus by
reference.
(3/97)
*Valid until next prospectus update
Destroy September 29, 1997
<PAGE> 2
PART C SUPPLEMENT MARCH 31 1997*
IDS Growth Fund, Inc. Post-Effective Amendment No. 59
(File No. 2-38355)
The following is added to item 24(a) of Part C:
IDS Growth Fund, Inc. - IDS Research Opportunities Fund
Statement of assets and liabilities, Feb. 28, 1997
Statement of operations, for the one month ended Feb. 28, 1997
Statement of charges in net assets, for the one month ended Feb. 28, 1997:
<PAGE> 3
Financial statements
Statement of assets and liabilities
IDS Research Opportunities Fund
Feb. 28, 1997
<TABLE>
<CAPTION>
Assets (Unaudited)
<S> <C>
Investment in Aggressive Growth Portfolio $165,219,077
Organizational cost 110
--------------
Total assets 165,219,187
--------------
Liabilities
Disbursements in excess of cash on demand deposit 3,694
Accrued distribution fee 1,010
Accrued service fee 794
Accrued transfer agency fee 1,060
Accrued administrative services fee 272
Other accrued expenses 56,283
--------------
Total liabilities 63,113
--------------
--------------
Net assets applicable to outstanding capital stock $165,156,074
==============
Represented by
Capital stock -- $.01 par value $ 288,973
Additional paid-in capital 156,037,856
Investment loss -- net (253,983)
Accumulated net realized gain 8,200,779
Unrealized appreciation 882,449
==============
Total -- representing net assets applicable to outstanding capital stock $165,156,074
==============
Net assets applicable to outstanding shares: Class A $115,952,194
Class B $ 49,202,736
Class Y $ 1,144
Net asset value per share of outstanding capital stock: Class A shares 20,265,513 $ 5.72
Class B shares 8,631,568 $ 5.70
Class Y shares 200 $ 5.72
</TABLE>
<PAGE> 4
Statement of operations
IDS Research Opportunities Fund
For the one month ended Feb. 28, 1997
<TABLE>
<CAPTION>
Investment income (Unaudited)
Income:
<S> <C>
Interest $ 70,330
Dividends 129,866
--------------
Total income 200,196
--------------
Expenses:
Expenses, including investment management services fee
allocated from Aggressive Growth Portfolio 80,198
Distribution fee -- Class B 26,213
Transfer agency fee 27,378
Incremental transfer agency fee -- Class B 601
Service fee
Class A 14,804
Class B 6,117
Administrative services fees and expenses 7,173
Custodian fees 600
Postage 2,488
Registration fees 23,339
Reports to shareholders 1,131
Audit fees 134
Administrative 400
Other 7
--------------
Total expenses 190,583
--------------
Investment income -- net 9,613
--------------
Realized and unrealized gain (loss) -- net
Net realized gain on security transactions 3,191,494
Net realized gain on financial futures contracts 78,132
--------------
Net realized gain on investments 3,269,626
Net change in unrealized appreciation or depreciation (2,152,894)
--------------
Net gain on investments 1,116,732
--------------
Net increase in net assets resulting from operations $ 1,126,345
==============
</TABLE>
<PAGE> 5
Statement of changes in net assets
IDS Research Opportunities Fund
For the one month ended Feb. 28, 1997
<TABLE>
<CAPTION>
Operations (Unaudited)
<S> <C>
Investment income -- net $ 9,613
Net realized gain on investments 3,269,626
Net change in unrealized appreciation or depreciation (2,152,894)
--------------
Net increase in net assets resulting from operations 1,126,345
--------------
Capital share transactions
Proceeds from sales
Class A shares 12,814,246
Class B shares 6,409,983
Class Y shares 1,000
Payments for redemptions
Class A shares (2,426,992)
Class B shares (282,772)
--------------
Increase in net assets from capital share transactions 16,515,465
--------------
Total increase in net assets 17,641,810
Net assets at beginning of period 147,514,264
--------------
Net assets at end of period $165,156,074
==============
</TABLE>
(8/96)
*The supplementary language to item 24(a) of Part C and the
financial statements included herein will not be circulated to
investors with the prospectus supplement. These materials are
furnished solely to comply with Item 32(b) of Form N-1A.
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