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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP PRECIOUS METALS FUND CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 66877903
<INVESTMENTS-AT-VALUE> 69963854
<RECEIVABLES> 2693163
<ASSETS-OTHER> 233378
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 72890395
<PAYABLE-FOR-SECURITIES> 5667412
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 250913
<TOTAL-LIABILITIES> 5918325
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94358011
<SHARES-COMMON-STOCK> 8802921
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<OVERDISTRIBUTION-NII> 49000
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<ACCUM-APPREC-OR-DEPREC> 3092322
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<DIVIDEND-INCOME> 238198
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<OTHER-INCOME> 0
<EXPENSES-NET> 512939
<NET-INVESTMENT-INCOME> (49000)
<REALIZED-GAINS-CURRENT> (928413)
<APPREC-INCREASE-CURRENT> 10949281
<NET-CHANGE-FROM-OPS> 9971868
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
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<NUMBER-OF-SHARES-SOLD> 10656027
<NUMBER-OF-SHARES-REDEEMED> 11297992
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7905614
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
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<GROSS-EXPENSE> 515373
<AVERAGE-NET-ASSETS> 47812019
<PER-SHARE-NAV-BEGIN> 5.45
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<PER-SHARE-GAIN-APPREC> .90
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<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.35
<EXPENSE-RATIO> 1.71
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP PRECIOUS METALS FUND CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 66877903
<INVESTMENTS-AT-VALUE> 69963854
<RECEIVABLES> 2693163
<ASSETS-OTHER> 233378
<OTHER-ITEMS-ASSETS> 0
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<ACCUM-APPREC-OR-DEPREC> 3092322
<NET-ASSETS> 11085372
<DIVIDEND-INCOME> 238198
<INTEREST-INCOME> 225741
<OTHER-INCOME> 0
<EXPENSES-NET> 512939
<NET-INVESTMENT-INCOME> (49000)
<REALIZED-GAINS-CURRENT> (928413)
<APPREC-INCREASE-CURRENT> 10949281
<NET-CHANGE-FROM-OPS> 9971868
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 620686
<NUMBER-OF-SHARES-REDEEMED> 264654
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7905614
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP PRECIOUS METALS FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1999
<PERIOD-END> SEP-30-1999
<INVESTMENTS-AT-COST> 66877903
<INVESTMENTS-AT-VALUE> 69963854
<RECEIVABLES> 2693163
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<OTHER-ITEMS-LIABILITIES> 250913
<TOTAL-LIABILITIES> 5918325
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 94358011
<SHARES-COMMON-STOCK> 136
<SHARES-COMMON-PRIOR> 136
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 49000
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 30429263
<ACCUM-APPREC-OR-DEPREC> 3092322
<NET-ASSETS> 863
<DIVIDEND-INCOME> 238198
<INTEREST-INCOME> 225741
<OTHER-INCOME> 0
<EXPENSES-NET> 512939
<NET-INVESTMENT-INCOME> (49000)
<REALIZED-GAINS-CURRENT> (928413)
<APPREC-INCREASE-CURRENT> 10949281
<NET-CHANGE-FROM-OPS> 9971868
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 7905614
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 29500850
<OVERDIST-NET-GAINS-PRIOR> 7856959
<GROSS-ADVISORY-FEES> 228450
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 515373
<AVERAGE-NET-ASSETS> 732
<PER-SHARE-NAV-BEGIN> 5.43
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> .91
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
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<PER-SHARE-NAV-END> 6.35
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<CAPTION>
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS PRECIOUS METALS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
<S> <C> <C> <C>
Affirmative 5,764,244.816 53.186% 96.058%
Withhold 236,534.985 2.183% 3.942%
TOTAL 6,000,779.801 55.369% 100.000%
Arne H. Carlson
Affirmative 5,747,850.823 53.035% 95.785%
Withhold 252,928.978 2.334% 4.215%
TOTAL 6,000,779.801 55.369% 100.000%
Lynne V. Cheney
Affirmative 5,762,482.691 53.170% 96.029%
Withhold 238,297.110 2.199% 3.971%
TOTAL 6,000,779.801 55.369% 100.000%
William H. Dudley
Affirmative 5,757,571.488 53.125% 95.947%
Withhold 243,208.313 2.244% 4.053%
TOTAL 6,000,779.801 55.369% 100.000%
David R. Hubers
Affirmative 5,753,978.139 53.092% 95.887%
Withhold 246,801.662 2.277% 4.113%
TOTAL 6,000,779.801 55.369% 100.000%
Heinz F. Hutter
Affirmative 5,758,408.190 53.133% 95.961%
Withhold 242,371.611 2.236% 4.039%
TOTAL 6,000,779.801 55.369% 100.000%
Anne P. Jones
Affirmative 5,759,758.418 53.145% 95.983%
Withhold 241,021.383 2.224% 4.017%
TOTAL 6,000,779.801 55.369% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS PRECIOUS METALS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 5,761,481.365 53.161% 96.012%
Withhold 239,298.436 2.208% 3.988%
TOTAL 6,000,779.801 55.369% 100.000%
Alan K. Simpson
Affirmative 5,747,132.893 53.029% 95.773%
Withhold 253,646.908 2.340% 4.227%
TOTAL 6,000,779.801 55.369% 100.000%
John R. Thomas
Affirmative 5,764,366.974 53.188% 96.060%
Withhold 236,412.827 2.181% 3.940%
TOTAL 6,000,779.801 55.369% 100.000%
C. Angus Wurtele
Affirmative 5,760,075.753 53.148% 95.989%
Withhold 240,704.048 2.221% 4.011%
TOTAL 6,000,779.801 55.369% 100.000%
2. Ratify the selection of independent auditors
Affirmative 5,777,301.918 53.307% 96.276%
Against 119,090.119 1.099% 1.984%
Abstain 104,387.764 .963% 1.740%
TOTAL 6,000,779.801 55.369% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 5,230,015.309 48.257% 87.156%
Against 644,731.154 5.949% 10.744%
Abstain 126,033.338 1.163% 2.100%
TOTAL 6,000,779.801 55.369% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS PRECIOUS METALS 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 4,990,447.666 46.047% 89.108%
Against 404,123.799 3.729% 7.215%
Abstain 205,902.336 1.899% 3.677%
TOTAL 5,600,473.801 51.675% 100.000%
Not Voting 400,306.000
6.2 Senior securities
Affirmative 4,991,279.644 46.054% 89.122%
Against 399,913.224 3.690% 7.141%
Abstain 209,280.933 1.931% 3.737%
TOTAL 5,600,473.801 51.675% 100.000%
Not Voting 400,306.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS PRECIOUS METALS FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 10,837,801.583
VOTED SHARES 6,000,779.801
PERCENT VOTED 55.369%
C49
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS PRECIOUS METALS 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 613,078.132 42.504% 82.649%
Against 69,877.102 4.844% 9.420%
Abstain 58,828.537 4.079% 7.931%
TOTAL 741,783.771 51.427% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS PRECIOUS METALS FUND, INC. CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 1,442,409.101
VOTED SHARES 741,783.771
PERCENT VOTED 51.427%
C49
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS PRECIOUS METALS 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 4,610,583.677 42.542% 82.327%
Against 712,598.714 6.575% 12.724%
Abstain 277,155.830 2.558% 4.949%
TOTAL 5,600,338.221 51.675% 100.000%
Not Voting 400,306.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS PRECIOUS METALS FUND, INC. CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 10,837,666.003
VOTED SHARES 6,000,644.221
PERCENT VOTED 55.368%
C49
</TABLE>
