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SIGNATURE LESLIE L. OGG
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP NEW DIMENSIONS FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JUL-31-1999
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
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<ASSETS-OTHER> 23153373662
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 23153373662
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1888625
<TOTAL-LIABILITIES> 1888625
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 13189519985
<SHARES-COMMON-STOCK> 434800727
<SHARES-COMMON-PRIOR> 382664995
<ACCUMULATED-NII-CURRENT> 27643385
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 1163995670
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8770325997
<NET-ASSETS> 13568033394
<DIVIDEND-INCOME> 139586000
<INTEREST-INCOME> 78507579
<OTHER-INCOME> 0
<EXPENSES-NET> 190271632
<NET-INVESTMENT-INCOME> 27821947
<REALIZED-GAINS-CURRENT> 1168262746
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<NET-CHANGE-FROM-OPS> 3654046460
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 23096526
<DISTRIBUTIONS-OF-GAINS> 657559948
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 107182712
<NUMBER-OF-SHARES-REDEEMED> 77704800
<SHARES-REINVESTED> 22657820
<NET-CHANGE-IN-ASSETS> 5502410178
<ACCUMULATED-NII-PRIOR> 35475110
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP NEW DIMENSIONS FUND CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1999
<PERIOD-END> JUL-31-1999
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<EXPENSES-NET> 190271632
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<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 175255810
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 47756570
<NUMBER-OF-SHARES-REDEEMED>13220315
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<TABLE> <S> <C>
<ARTICLE> 6
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<NUMBER> 3
<NAME> AXP NEW DIMENSIONS FUND CLASS Y
<S> <C>
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<DIVIDEND-INCOME> 139586000
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<NET-INVESTMENT-INCOME> 27821947
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<DISTRIBUTIONS-OF-GAINS> 277045972
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<CAPTION>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
<S> <C> <C> <C>
H. Brewster Atwater, Jr.
Affirmative 403,953,174.691 55.444% 97.951%
Withhold 8,448,833.702 1.159% 2.049%
TOTAL 412,402,007.763 56.603% 100.000%
Arne H. Carlson
Affirmative 403,155,556.523 55.334% 97.758%
Withhold 9,246,451.240 1.269% 2.242%
TOTAL 412,402,007.763 56.603% 100.000%
Lynne V. Cheney
Affirmative 403,831,429.967 55.427% 97.922%
Withhold 8,570,577.796 1.176% 2.078%
TOTAL 412,402,007.763 56.063% 100.000%
William H. Dudley
Affirmative 404,036,947.355 55.455% 97.972%
Withhold 8,365,060.408 1.148% 2.028%
TOTAL 412,402,007.763 56.603% 100.000%
David R. Hubers
Affirmative 404,120,667.791 55.467% 97.992%
Withhold 8,281,339.972 1.136% 2.008%
TOTAL 412,402,007.763 56.603% 100.000%
Heinz F. Hutter
Affirmative 403,897,671.386 55.436% 97.938%
Withhold 8,504,336.337 1.167% 2.062%
TOTAL 412,402,007.763 56.603% 100.000%
Anne P. Jones
Affirmative 403,987,845.155 55.448% 97.960%
Withhold 8,414,162.608 1.155% 2.040%
TOTAL 412,402,007.763 56.603% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 403,782,669.458 55.420% 97.910%
Withhold 8,619,338.305 1.183% 2.090%
TOTAL 412,402,007.763 56.603% 100.000%
Alan K. Simpson
Affirmative 403,625,162.211 55.399% 97.872%
Withhold 8,776,845.552 1.204% 2.128%
TOTAL 412,402,007.763 56.603% 100.000%
John R. Thomas
Affirmative 404,079,932.244 55.461% 97.982%
Withhold 8,322,075.519 1.142% 2.018%
TOTAL 400,893,902.804 56.603% 100.000%
C. Angus Wurtele
Affirmative 403,875,891.575 55.433% 97.933%
Withhold 8,526,116.188 1.170% 2.067%
TOTAL 412,402,007.763 56.603% 100.000%
2. Ratify the selection of independent auditors
Affirmative 401,485,651.999 55.105% 97.353%
Against 4,032,060.483 .553% .978%
Abstain 6,884,295.281 .945% 1.669%
TOTAL 412,402,007.763 56.603% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 373,405,298.847 51.251% 90.544%
Against 29,647,426.486 4.069% 7.189%
Abstain 9,349,282.430 1.283% 2.267%
TOTAL 412,402,007.763 56.603% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 370,688,743.420 50.878% 92.236%
Against 17,719,427.894 2.432% 4.409%
Abstain 13,485,052.449 1.851% 3.355%
TOTAL 401,893,223.763 55.161% 100.000%
Not Voting 10,508,784.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 728,583,217.882
VOTED SHARES 412,402,007.763
PERCENT VOTED 56.603%
SHAREHOLDER RESPONSE SUMMARY REP Page 1
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC. CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 54,981,823.962 44.675% 88.745%
Against 4,748,236.695 3.858% 7.665%
Abstain 2,224,474.897 1.808% 3.590%
TOTAL 61,954,535.554 50.341% 100.000%
Not Voting 2,693.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC. CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 123,070,808.196
VOTED SHARES 61,957,228.554
PERCENT VOTED 50.343%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC. CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 250,937,583.200 45.348% 87.302%
Against 25,941,603.657 4.688% 9.025%
Abstain 10,557,598.012 1.908% 3.673%
TOTAL 287,436,784.869 51.944% 100.000%
Not Voting 9,882,609.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS NEW DIMENSIONS FUND, INC. CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 553,358,835.072
VOTED SHARES 297,319,393.869
PERCENT VOTED 53.730%
</TABLE>
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
AXP New Dimensions Fund, Inc.:
In planning and performing our audits of the financial statements of AXP New
Dimensions Fund, 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 New Dimension Fund, 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 control. 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 New Dimensions Fund, 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
