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Vermont Prospectus Supplement
March 20, 1995*
Prospectus
Form #
Publicly Offered Funds:
IDS Global Bond Fund (Dec. 30, 1994**) S-6309 H
IDS Global Growth Fund (Dec. 30, 1994**) S-6334 H
IDS Insured Tax-Exempt Fund (Aug. 29, 1994**) S-6327 H
IDS Stock Fund (Dec. 30, 1994**) S-6351 J
*Valid until December 29, 1995.
**As revised March 20, 1995.
The following information modifies that found in the above-
referenced prospectuses:
The "Investment policies and risks" section of the prospectuses for
IDS Global Growth Fund and IDS International Fund is supplemented
as follows:
"Stocks of companies experiencing significant growth and operating
in areas of financial or technological change may be subject to
more abrupt or erratic price movements than the stock market as a
whole. While most of the fund's investments are in established
companies having adequate financial reserves, some investments
involve substantial risk and may be considered speculative."
The "Investment policies and risks" section of the prospectus for
IDS Global Bond Fund is supplemented as follows:
"Investing in the debt obligations of emerging market nations
(rated below investment grade) involves certain risks. Such
nations are often dependent on external investment sources which
can render a higher volatility to the performance of such
obligations than is the case with developed nation debt."
The following policy is revised and moved from the "Foreign
investments" section in IDS Global Bond Fund's prospectus, to the
first paragraph of the "Investment policies and risks" section of
the same fund's prospectus:
"Under normal market conditions, the fund will invest at least 65%
of its total assets in investments located in at least three
different countries."
The "Investment policies and risks" section of the prospectuses for
IDS Global Bond Fund and IDS Insured Tax-Exempt Fund is
supplemented as follows:
"The price of bonds generally declines as interest rates increase,
and rises as interest rates decline."
The "Investment policies and risks" section of the prospectus for
IDS Insured Tax-Exempt Fund is supplemented as follows:
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"The fund's average maturity/duration of its portfolio is 6.89
years as of March 15, 1995."
The "Investment policies and risks" section of the prospectus for
IDS Insured Tax-Exempt Fund is supplemented as follows:
"The types of municipal obligations in which the fund may invest
include insured prerefunded bonds, general obligation bonds, and
revenue bonds, such as airport, electric, pollution control and
hospital bonds."
