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Prospectus Supplement May 2, 1997
IDS Bond Fund, Inc. S-6495 K (10/96)
IDS Discovery Fund, Inc. S-6457 K (9/96)
IDS Equity Select Fund, Inc. S-6426 L (1/97)
IDS Extra Income Fund, Inc. S-6370 K (7/96)
IDS Federal Income Fund, Inc. S-6042 L (7/96)
IDS Emerging Markets Fund S-6354 A (10/96)
IDS Global Balanced Fund S-6352 A (10/96)
IDS Global Bond Fund S-6309 K (12/96)
IDS Global Growth Fund S-6334 K (12/96)
IDS Growth Fund S-6455 L (9/96)
IDS Research Opportunities Fund S-6356 A (8/96)
IDS High Yield Tax-Exempt Fund, Inc. S-6340 L (1/97)
IDS International Fund, Inc. S-6140 K (11/96)
IDS Diversified Equity Income Fund S-6475 K (11/96)
IDS Mutual S-6326 L (11/96)
IDS Managed Allocation Fund S-6141 L (11/96)
IDS Blue Chip Advantage Fund S-6025 K (3/97)
IDS Small Company Index Fund S-6357 C (3/97)
IDS New Dimensions Fund, Inc. S-6440 K (9/96)
IDS Precious Metals Fund, Inc. S-6142 K (5/96)
IDS Progressive Fund, Inc. S-6449 K (11/96)
IDS Selective Fund, Inc. S-6376 L (7/96)
IDS Stock Fund, Inc. S-6351 L (11/96)
IDS Strategy Aggressive Fund S-6381 D (5/96)
IDS Equity Value Fund S-6382 D (5/96)
IDS Tax-Exempt Bond Fund S-6310 L (1/97)
IDS Intermediate Tax-Exempt Fund S-6355 A (1/97)
IDS Utilities Income Fund, Inc. S-6341 K (8/96)
IDS Insured Tax-Exempt Fund S-6327 K (8/96)
IDS California Tax-Exempt Fund S-6328 K (8/96)
IDS Massachusetts Tax-Exempt Fund
IDS Minnesota Tax-Exempt Fund
IDS New York Tax-Exempt Fund
IDS Ohio Tax-Exempt Fund
The section in the prospectus regarding "Waivers of the sales
charge for Class A shares" has been revised to include a new bullet
that reads as follows:
"Investors who have a business relationship with a newly associated
financial advisor who joined AEFA from another investment firm
provided that (1) the purchase is made within six months of the
advisor's appointment date with AEFA, (2) the purchase is made with
proceeds of a redemption of shares that were sponsored by the
financial advisor's previous broker dealer and, (3) the proceeds
must be the result of a redemption of an equal or greater value
where a sales load was previously assessed."
Form S-6358 A (5/97)
Valid until next prospectus update.
Destroy May 1, 1998.
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