Statement of Additional Information Supplement
March 10, 2000
AXP SM Growth Fund S-6455-20 R (9/99)
AXP SM New Dimensions Fund S-6455-20 P (9/99)
The following revisions apply to the "Agreements" sections under the "Investment
Management Services Agreement" heading.
The information regarding the management services fee schedule has been revised
to state the following:
Assets Annual rate at
(billions) each asset level
- ---------- ----------------
First $1.0 0.600%
Next 1.0 0.575
Next 1.0 0.550
Next 3.0 0.525
Next 6.0 0.500
Next 12.0 0.490
Over 24.0 0.480
The following revisions apply to the "Agreements" sections under the
"Administrative Services Agreement" heading.
The information regarding the administrative services fee schedule has been
revised to state the following:
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
* Valid until next Statement of Additional Information update.
