<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> AXP EXTRA INCOME FUND CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAY-31-2000
<PERIOD-END> MAY-31-2000
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 3148759534
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 3148759534
<PAYABLE-FOR-SECURITIES> 63
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7287929
<TOTAL-LIABILITIES> 7287992
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 4091413634
<SHARES-COMMON-STOCK> 177971
<SHARES-COMMON-PRIOR> 312738
<ACCUMULATED-NII-CURRENT> 241427
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 342243748
<ACCUM-APPREC-OR-DEPREC> (607939771)
<NET-ASSETS> 620159
<DIVIDEND-INCOME> 42081188
<INTEREST-INCOME> 370665860
<OTHER-INCOME> 0
<EXPENSES-NET> 43644154
<NET-INVESTMENT-INCOME> 369102894
<REALIZED-GAINS-CURRENT> (153128652)
<APPREC-INCREASE-CURRENT> (311468718)
<NET-CHANGE-FROM-OPS> (95494476)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 94925
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 134219
<NUMBER-OF-SHARES-REDEEMED> 293799
<SHARES-REINVESTED> 24813
<NET-CHANGE-IN-ASSETS> (749958007)
<ACCUMULATED-NII-PRIOR> 763196
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 221184208
<GROSS-ADVISORY-FEES> 4124
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 43904537
<AVERAGE-NET-ASSETS> 917679
<PER-SHARE-NAV-BEGIN> 3.97
<PER-SHARE-NII> .39
<PER-SHARE-GAIN-APPREC> (.49)
<PER-SHARE-DIVIDEND> .39
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.48
<EXPENSE-RATIO> .83
</TABLE>