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Statement of Additional Information Supplement - June 28, 1995*
IDS Strategy Aggressive Fund
S-6381-20 C (5/95)
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The section titled "Additional Investment Policies" is modified by
adding the following policies after the paragraph beginning "Issue
senior securities...."
Unless changed by the board of directors, the fund will not:
'Pledge or mortgage its assets beyond 15% of total assets. If the
fund were ever to do so, valuation of the pledged or mortgaged
assets would be based on market values. For the purposes of this
restriction, collateral arrangements with respect to margin for a
futures contract are not deemed to be a pledge of assets.
'Invest more than 5% of its total assets in securities of
companies, including any predecessors, that have a record of less
than three years continuous operations.
'Invest more than 10% of its total assets in the securities of
investment companies.
'Invest in a company to control or manage it.
'Buy on margin or sell securities short but the fund may make
margin payments in connection with transactions in futures
contracts.
'Invest more than 10% of the fund's net assets in securities and
derivative instruments that are illiquid. For purposes of this
policy, illiquid securities include some privately placed
securities, public securities and Rule 144A securities that for one
reason or another may no longer have a readily available market,
repurchase agreements with maturities greater than seven days, non-
negotiable fixed-time deposits and over-the-counter options. For
purposes of complying with Ohio law, the fund will not invest more
than 15% of its total assets in a combination of illiquid
securities, 144A securities and securities of companies, including
any predecessors, that have a record of less than three years'
continuous operations.
In determining the liquidity of Rule 144A securities, which are
unregistered securities offered to qualified institutional buyers,
and interest-only and principal-only fixed mortgage-backed
securities (IOs and POs) issued by the United States government or
its agencies and instrumentalities, the investment manager, under
guidelines established by the board of directors, will consider any
relevant factors including the frequency of trades, the number or
dealers willing to purchase or sell the security and the nature of
marketplace trades.
In determining the liquidity of commercial paper issued in
transactions not involving a public offering under Section 4(2) of
the Securities Act of 1933, the investment manager, under
guidelines established by the board of directors, will evaluate
relevant factors such as the issuer and the size and nature of its<PAGE>
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commercial paper programs, the willingness and ability of the
issuer or dealer to repurchase the paper, and the nature of the
clearance and settlement procedures for the paper.
The fund may purchase debt securities on a when-issued basis, which
means that it may take as long as 45 days after the purchase before
the securities are delivered to the fund. Payment and interest
terms, however, are fixed at the time the purchaser enters into a
commitment. Under normal market conditions, the fund does not
intend to commit more than 5% of its total assets to these
practices. The fund does not pay for the securities or start
earning interest on them until the contractual settlement date.
When-issued securities are subject to market fluctuations and they
may affect a fund's total assets the same as owned securities.
* Valid until next prospectus update.
S-6381-11 A (6/95)
