IDS EXTRA INCOME FUND INC
485BPOS, 1995-05-08
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PAGE 1
                        SECURITIES AND EXCHANGE COMMISSION 

                              Washington, D.C.  20549 

                                    Form N-1A 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933            


Pre-Effective Amendment No.                                     

Post-Effective Amendment No.   24   (File No. 2-86637)          X  
                                 and/or 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940    


Amendment No.   25   (File No. 811-3848)                        X  


IDS EXTRA INCOME FUND, INC. 
IDS Tower 10, 
Minneapolis, Minnesota  55440-0010
Leslie L. Ogg - 901 Marquette Ave. So., Suite 2810,
Minneapolis, MN  55402-3268
(612) 330-9283

Approximate Date of Proposed Public Offering: 

It is proposed that this filing will become effective (check
appropriate box) 

  X  immediately upon filing pursuant to paragraph (b)
     on (date) pursuant to paragraph (b) of rule 485
     60 days after filing, pursuant to paragraph (a)(i)
     on (date) pursuant to paragraph (a)(i)
     75 days after filing pursuant to paragraph (a)(ii)
     on (date) pursuant to paragraph (a)(ii) of rule 485

If appropriate, check the following box:
     this post-effective amendment designates a new effective date
for a previously filed post-effective amendment.

Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Section
24f-2 of the Investment Company Act of 1940.  Registrant's Rule
24f-2 Notice for its most recent fiscal year ended Aug. 31, 1994,
was filed on or about Oct. 28, 1994.
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PAGE 2
Cross reference sheet showing location in the prospectus of the
information called for by the items enumerated in Parts A and B of
Form N-1A. 

Negative answers omitted from prospectus are so indicated.
<TABLE><CAPTION>
          PART A                                                     PART B
                  Section                                                     Section in
  Item No.        in Prospectus                               Item No.        Statement of Additional Information        
     <S>          <C>                                           <C>          <C>
     1            Cover page of prospectus                      10           Cover page of SAI
                  
     2            The fund in brief; Sales charge and fund      11           Table of Contents
                    expenses
                                                                12           NA
     3(a)         Financial highlights            
      (b)         NA                                            13(a)        Additional Investment Policies; all
      (c)         Performance                                                  appendices except Dollar-Cost Averaging
      (d)         Financial highlights                            (b)        Additional Investment Policies            
                                                                  (c)        Additional Investment Policies
     4(a)         The fund in brief; Investment policies and      (d)        Portfolio Transactions
                    risks; How the fund is organized              
      (b)         Investment policies and risks                 14(a)        Directors and officers of the fund;**  
      (c)         Investment policies and risks                                Directors and officers
                                                                  (b)        Directors and Officers              
     5(a)         Directors and officers; Directors and           (c)        Directors and Officers
                    officers of the fund (listing)              
      (b)         How the fund is organized; About American     15(a)        NA  
                    Express Financial Corporation                 (b)        NA
      (b)(i)      About American Express Financial                (c)        Directors and Officers
                    Corporation -- General Information            
      (b)(ii)     Investment manager and transfer agent         16(a)(i)     How the fund is organized; About American
      (b)(iii)    Investment manager and transfer agent                        Express Financial Corporation**
      (c)         Portfolio manager                               (a)(ii)    Agreements: Investment Management Services  
      (d)         The fund in brief                                             Agreement, Plan and Supplemental         
      (e)         Investment manager and transfer agent                         Agreement of Distribution
      (f)         Distributor                                     (a)(iii)   Agreements: Investment Management Services Agreement   
      (g)         Investment manager and transfer agent           (b)        Agreements: Investment Management Services Agreement   
                                                                  (c)        NA
    5A(a)         *                                               (d)        Agreements: Administrative Services
      (b)         *                                                            Agreement, Shareholder Service Agreement 
                                                                  (e)        NA             
     6(a)         Shares; Voting rights                           (f)        Agreements: Distribution Agreement               
      (b)         NA                                              (g)        NA             
      (c)         NA                                              (h)        Custodian; Independent Auditors              
      (d)         Voting Rights                                   (i)        Agreements:  Transfer Agency Agreement; Custodian
      (e)         Cover page; Special shareholder services        
      (f)         Dividends and capital gains distributions;    17(a)        Portfolio Transactions    
                    Reinvestments                                 (b)        Brokerage Commissions Paid to Brokers Affiliated 
      (g)         Taxes                                                        with American Express Financial Corporation    
                                                                  (c)        Portfolio Transactions                           
     7(a)         Distributor                                     (d)        Portfolio Transactions                           
      (b)         Key terms; Valuing assets                       (e)        Portfolio Transactions                          
      (c)         How to buy, exchange or sell shares             
      (d)         How to buy shares                             18(a)        Shares and Voting rights**                     
      (e)         NA                                              (b)        NA 
      (f)         Distributor                                     
                                                                19(a)        Investing in the Fund   
     8(a)         How to sell shares                              (b)        Valuing Fund Shares; Investing in the Fund
      (b)         NA                                              (c)        NA 
      (c)         How to buy shares: Three ways to invest         
      (d)         How to buy, exchange or sell shares:          20           Taxes     
                    Redemption policies -- "Important..."       
                                                                21(a)        Agreements: Distribution Agreement       
     9            None                                            (b)        Agreements: Distribution Agreement
                                                                  (c)        NA
                                                                  
                                                                22(a)        Performance Information (for money market   
                                                                               funds only)
                                                                  (b)       Performance Information (for all funds except
                                                                               money market funds)
                                                                
                                                                23          Financial Statements                  
*Designates information is located in annual report.
**Designates page number in prospectus.
/TABLE
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PAGE 3
PART A.   Registrant's effective prospectus to this registration
          statement is hereby incorporated by reference.

PART B.   Registrant's effective statement of additional
          information for this registration statement is hereby
          incorporated by reference.

PART C.   OTHER INFORMATION

Item 24.  Financial Statements and Exhibits 

(a)  FINANCIAL STATEMENTS:

     These financial statements filed electronically as Item 24(a)
     to Registrant's Post-Effective Amendment No. 23 to
     Registration Statement No. 2-86637 are incorporated herein by
     reference:

     o    Independent Auditors' Report dated October 7, 1994
     o    Statement of Assets and Liabilities, August 31, 1994
     o    Statement of Operations, Year ended August 31, 1994
     o    Statement of Changes in Net Assets, for the two-year
          period ended August 31, 1993 and August 31, 1994
     o    Notes to Financial Statements
     o    Investments in Securities, August 31, 1994
     o    Notes to Investments in Securities

(b)  EXHIBITS:

1.   Copy of Articles of Incorporation, as amended Nov. 14, 1991,
     filed as Exhibit No. 1 to Post-Effective Amendment No. 17 to
     Registration Statement No. 2-86637, is herein incorporated by
     reference.

2.   Copy of Amended By-laws dated May 14, 1987, filed as Exhibit 2
     to Post-Effective Amendment No. 7 to Registration Statement
     No. 2-86637, are herein incorporated by reference.

3.   Not Applicable. 

4.   Form of Stock certificate for common stock filed as Exhibit
     No. 4 to Registrant's Post-Effective Amendment No. 4, is
     herein incorporated by reference. 

5.   Form of Investment Management and Services Agreement between
     Registrant and American Express Financial Corporation, dated
     March 20, 1995, filed electronically as Exhibit 5 to
     Registrant's Post-Effective Amendment No. 23 to Registration
     Statement No. 2-86637 is incorporated herein by reference.

6.   Form of Distribution Agreement between Registrant and American
     Express Financial Advisors Inc., dated March 20, 1995, filed
     electronically as Exhibit 6 to Registrant's Post-Effective
     Amendment No. 23 to Registration Statement No. 2-86637 is
     incorporated herein by reference.
<PAGE>
PAGE 4
7.   All employees are eligible to participate in a profit sharing
     plan.  Entry into the plan is Jan. 1 or July 1.  The
     Registrant contributes each year an amount up to 15 percent of
     their annual salaries, the maximum deductible amount permitted
     under Section 404(a) of the Internal Revenue Code.

8.   Form of Custodian Agreement between Registrant and American
     Express Trust Company, dated March 20, 1995, filed
     electronically as Exhibit 8 to Registrant's Post-Effective
     Amendment No. 23 to Registration Statement No. 2-86637 is
     incorporated herein by reference.

9(a).     Form of Transfer Agency Agreement between Registrant and
          American Express Financial Corporation, dated March 20,
          1995, filed electronically as Exhibit 9(a) to
          Registrant's Post-Effective Amendment No. 23 to
          Registration Statement No. 2-86637 is incorporated herein
          by reference.

9(b).     Copy of License Agreement dated Jan. 25, 1988, between
          Registrant and IDS Financial Corporation, filed as
          Exhibit 9(c) to Post-Effective Amendment No. 15 to
          Registration Statement No. 2-86637, is incorporated
          herein by reference.

9(c).     Form of Shareholder Service Agreement between Registrant
          and American Express Financial Advisors Inc., dated March
          20, 1995, filed electronically as Exhibit 9(c) to
          Registrant's Post-Effective Amendment No. 23 to
          Registration Statement No. 2-86637 is incorporated herein
          by reference.

9(d).     Form of Administrative Services Agreement between
          Registrant and American Express Financial Corporation,
          dated March 20, 1995, filed electronically as Exhibit
          9(d) to Registrant's Post-Effective Amendment No. 23 to
          Registration Statement No. 2-86637 is incorporated herein
          by reference.

10.  Not applicable. 

11.  Independent Auditors' Consent filed electronically as Exhibit
     11 to Registrant's Post-Effective Amendment No. 23 to
     Registration Statement No. 2-86637 is incorporated herein by
     reference.

12.  None. 

13.  Not applicable. 

14.  Forms of Keogh, IRA and other retirement plans, filed as
     Exhibits 14(a) through 14(n) to IDS Growth Fund, Inc., Post-
     Effective Amendment No. 34 to Registration Statement No. 2-
     38355 on Sept. 8, 1986, are herein incorporated by reference. 
<PAGE>
PAGE 5
15.  Form of Plan and Agreement of Distribution between Registrant
     and American Express Financial Advisors Inc., dated March 20,
     1995, filed electronically as Exhibit 15 to Registrant's Post-
     Effective Amendment No. 23 to Registration Statement No. 2-
     86637 is incorporated herein by reference.

16.  Copy of schedule for computation of each performance quotation
     provided in the Registration Statement in response to Item
     22(b), filed as Exhibit 16 to Registrant's Post-Effective
     Amendment No. 18 to Registration Statement No. 2-86637 is
     herein incorporated by reference. 

17.  Financial Data Schedule filed electronically as Exhibit 17 to
     Registrant's Post-Effective Amendment No. 23 to Registration
     Statement No. 2-86637 is incorporated herein by reference.

18.  Copy of plan pursuant to Rule 18f-3 Under the 1940 Act is
     filed electronically herewith.

19(a).    Directors' Power of Attorney, dated November 10, 1994, to
          sign Amendments to this Registration Statement, filed
          electronically as Exhibit 18(a) to Registrant's Post-
          Effective Amendment No. 22, is incorporated herein by
          reference.

19(b).    Officers' Power of Attorney, dated June 1, 1993, to sign
          Amendments to this Registration Statement filed
          electronically as Exhibit 17(b) to Registrant's Post-
          Effective Amendment No. 19 to Registration Statement No.
          2-86637 is herein incorporated by reference.

Item 25.  Persons Controlled by or Under Common Control with
          Registrant: 

          None. 

Item 26.  Number of Holders of Securities

              (1)                           (2)

                                      Number of Record
                                        Holders as of
         Title of Class                  May 1, 1995

         Capital Stock                    116,293    
<PAGE>
PAGE 6
                            SIGNATURES


Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, IDS Extra Income
Fund, Inc., certifies that it meets the requirements for the
effectiveness of this Amendment to its Registration Statement
pursuant to  Rule 485(b) under the Securities Act of 1993, and has
duly caused this Amendment to its Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Minneapolis and State of Minnesota on the 8th day of
May, 1995.


IDS EXTRA INCOME FUND, INC. 


By /s/  Melinda S. Urion            
        Melinda S. Urion, Treasurer


By /s/  William R. Pearce**         
        William R. Pearce, President 


Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by
the following persons in the capacities indicated on the 8th day of
May, 1995.

Signature                                     Capacity 

/s/  William R. Pearce**                      President, Principal
     William R. Pearce                        Executive Officer and
                                              Director

/s/  Leslie L. Ogg**                          Vice President,
     Leslie L. Ogg                            General Counsel and
                                              Secretary

/s/  Lynne V. Cheney*                         Director
     Lynne V. Cheney


/s/  William H. Dudley*                       Director
     William H. Dudley


/s/  Robert F. Froehlke*                      Director
     Robert F. Froehlke


/s/  David R. Hubers*                         Director
     David R. Hubers


/s/  Heinz F. Hutter*                         Director
     Heinz F. Hutter
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PAGE 7
Signature                                     Capacity 


/s/  Anne P. Jones*                           Director
     Anne P. Jones


/s/  Donald M. Kendall*                       Director
     Donald M. Kendall


/s/  Melvin R. Laird*                         Director
     Melvin R. Laird


/s/  Lewis W. Lehr*                           Director
     Lewis W. Lehr


/s/  Edson W. Spencer*                        Director
     Edson W. Spencer


/s/  John R. Thomas*                          Director
     John R. Thomas


/s/  Wheelock Whitney*                        Director
     Wheelock Whitney


/s/  C. Angus Wurtele*                        Director
     C. Angus Wurtele


*Signed pursuant to Directors' Power of Attorney dated November 10,
1994 to sign Amendments to this Registration Statement filed
electronically as Exhibit 18(a) to Registrant's Post-Effective
Amendment No. 22, by:



/s/  Leslie L. Ogg            
Leslie L. Ogg

**Signed pursuant to Officers' Power of Attorney dated June 1, 1993
to sign Amendments to this Registration Statement filed
electronically as Exhibit 17(b) to Registrant's Post-Effective
Amendment No. 20 to Registration Statement No. 2-86637 by:



/s/  Leslie L. Ogg            
Leslie L. Ogg
<PAGE>
PAGE 8
CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 24
TO REGISTRATION STATEMENT No. 2-86637 

This Post-Effective Amendment comprises the following papers and
documents: 

The facing sheet. 

Cross reference sheet. 

Part A. 

     The prospectus. 

Part B. 

      Statement of Additional Information. 

     Financial Statements.

Part C. 

     Other information. 

     Exhibits.

The signatures. 
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PAGE 9
<PAGE>
PAGE 1                  IDS Bond Fund, Inc.
                          March 20, 1995
 
Plan under Section 18f-3(d)
Filed pursuant to Item 24(b)(18) of Form N-lA

Separate Arrangements

Each class of shares will represent interests in the same portfolio
of investments of the Fund and be identical except those
differences that relate to (a) the impact of the disproportionate
payments made under the Rule 12b-1 plan; (b) the impact of the
disproportionate payments made because of service fees; (c) the
differences in class expenses including transfer agent fees and any
other expense determined by the board of directors to be a class
expense; and (d) the difference in voting rights on the 12b-1 plan,
exchange privileges and class designations. The current classes of
shares are as follows:

     Class A shares - 5% initial sales charge waived or reduced
     for certain purchases.

     Class B shares - contingent deferred sales charge ranging
     from 5% down to 0% after six years.

     Class Y shares - no sales charge

Expense Allocation Procedures

American Express Financial Corporation, as the Fund's
administrator, on a daily basis shall allocate the income,
expenses, and realized and unrealized gains and losses of the Fund
on the basis of the relative percentage of net assets of each class
of shares, except class specific expenses for service fees, 12b-1
distribution fees, and transfer agent fees which shall be paid
directly by each class as follows:

     Class A and Class B service fee - 17.5 basis points

     Class B distribution fee - 75 basis points

     Class B transfer agent fee - an additional $1 for each
     shareholder account

Should at any time an expense of a class be waived or reimbursed,
American Express Financial Corporation first shall determine that
such waiver or reimbursement would not result in another class
subsidizing the class, is fair and equitable to all classes and
does not operate to the detriment of another class and then shall
monitor the implementation and operation to assure the waiver or
reimbursement operates consistent with the determination. The board
of directors shall monitor the actions of American Express
Financial Corporation.

<PAGE>
PAGE 2
Exchange Privileges

Shares of a class may be exchanged for shares of the same class of
another fund in the IDS MUTUAL FUND GROUP.

Conversion Privileges

Class B shares including a proportionate amount of shares acquired
through reinvestment of distributions shall convert after eight
years into Class A shares at relative net asset values without the
imposition of any fee.





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