AMENDMENT TO ADMINISTRATIVE SERVICES AGREEMENT
Pursuant to mutual agreement as permitted under Part Five: RENEWAL AND
TERMINATION, the Administrative Services Agreement dated March 20, 1995, between
AXP Growth Fund and American Express Financial Corporation, is amended this 9th
day of March 1999 as follows:
Part Two: Compensation For Services
The table setting forth asset charges in Part Two, item (1), is amended to read
as follows:
Assets Annual rate at
(billions) each asset level
---------- ----------------
First $1.0 0.050%
Next 1.0 0.045
Next 1.0 0.040
Next 3.0 0.035
Next 6.0 0.030
Next 12.0 0.025
Over 24.0 0.020
AXP Growth Fund American Express Financial Corporation
/s/ Leslie L. Ogg /s/ Pamela J. Moret
Leslie L. Ogg, Vice President Pamela J. Moret, Vice President
