AXP CALIFORNIA TAX-EXEMPT TRUST
NSAR-A/A, 2000-03-01
Previous: DATAWATCH CORP, DEF 14A, 2000-03-01
Next: LINCOLN NATIONAL CONVERTIBLE SECURITIES FUND INC, N-30D, 2000-03-01



<PAGE>
000 A000000 12/31/99
000 C000000 0000792717
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 Y
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AXP CALIFORNIA TAX-EXEMPT TRUST
001 B000000 811-4646
001 C000000 6126713800
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
007 C010200  2
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
014 A000001 AMERICAN ENTERPRISE INVESTMENT SERVICE INC.
014 B000001 8-42582
014 A000002 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B000002 8-16791
014 A000003 IDS LIFE INSURANCE COMPANY
014 B000003 8-14124
014 A000004 SECURITIES AMERICA INC.
014 B000004 8-26602
014 A000005 AMERICAN EXPRESS FINANCIAL ADVOSORS JAPAN
014 B000005 8-12550
014 A000006 DELETE
015 A000001 U.S. BANK N.A.
015 B000001 C
015 C010001 ST. PAUL
015 C020001 MN
015 C030001 55101
015 C040001 1631
015 E010001 X
<PAGE>      PAGE  2
018  000000 Y
019 A000000 Y
019 B000000   58
019 C000000 AMEXPFUNDS
022 A000001 MORGAN (J.P.) SSECURITIES
022 B000001 13-3224016
022 C000001     12600
022 D000001     14600
022 A000002 MORGAN STANLEY & CO., INC.
022 B000002 13-2658898
022 C000002     13300
022 D000002     13400
022 A000003 SUTRO & CO., INC.
022 B000003 94-1704902
022 C000003      6384
022 D000003      4729
022 A000004 BEAR STEARNS & CO.
022 B000004 13-3299429
022 C000004      5125
022 D000004      5097
022 A000005 PIPER JAFFRAY INC.
022 B000005 41-0953246
022 C000005      3587
022 D000005      3603
022 A000006 PAINEWEBBER INC.
022 B000006 13-2638166
022 C000006      3904
022 D000006      2000
022 A000007 WESTHOFF, CONE & HOLMSTEDT
022 B000007 N/A
022 C000007      2964
022 D000007         0
022 A000008 MILLER & SCHROEDER
022 B000008 41-0901191
022 C000008      2068
022 D000008         0
022 A000009 SHUTTUCK HAMMOND PARTNERS INC.
022 B000009 13-3707267
022 C000009      2000
022 D000009         0
022 A000010 PRAGER, MCCARTHY & SEALY
022 B000010 94-3057440
022 C000010       913
022 D000010       915
023 C000000      55003
023 D000000      45455
028 A010000      3296
028 A020000       812
028 A030000         0
028 A040000      4072
028 B010000      2911
<PAGE>      PAGE  3
028 B020000       753
028 B030000         0
028 B040000      6887
028 C010000      2045
028 C020000       626
028 C030000         0
028 C040000      5590
028 D010000      2252
028 D020000       767
028 D030000         0
028 D040000      4542
028 E010000      3751
028 E020000       674
028 E030000         0
028 E040000      4994
028 F010000      6933
028 F020000       683
028 F030000         0
028 F040000     10452
028 G010000     21188
028 G020000      4315
028 G030000         0
028 G040000     36537
028 H000000      4265
029  000000 Y
030 A000000    208
030 B000000  5.00
030 C000000  0.50
031 A000000     56
031 B000000      0
032  000000      0
033  000000    152
034  000000 Y
035  000000     37
036 A000000 N
036 B000000      0
037  000000 N
038  000000      0
039  000000 N
040  000000 Y
041  000000 Y
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000 100
043  000000    399
044  000000      0
<PAGE>      PAGE  4
062 A000000 Y
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   1.4
062 M000000   0.0
062 N000000   0.0
062 O000000  98.6
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000 21.7
064 A000000 Y
064 B000000 N
071 A000000     29263
071 B000000     45482
071 C000000    245510
071 D000000   12
072 A000000  6
072 B000000     7576
072 C000000        0
072 D000000        0
072 E000000        0
072 F000000      602
072 G000000       52
072 H000000        0
072 I000000       55
072 J000000       10
072 K000000       11
072 L000000        0
072 M000000        4
072 N000000       12
072 O000000        0
072 P000000        0
072 Q000000        0
072 R000000        9
072 S000000        0
072 T000000      399
072 U000000        0
072 V000000        0
072 W000000        1
072 X000000     1155
072 Y000000        6
<PAGE>      PAGE  5
072 Z000000     6427
072AA000000        0
072BB000000       60
072CC010000        0
072CC020000    14494
072DD010000     5974
072DD020000      453
072EE000000        0
073 A010000   0.0000
073 A020000   0.0000
073 B000000   0.0000
073 C000000   0.0000
074 A000000       14
074 B000000        0
074 C000000     4400
074 D000000   233537
074 E000000        0
074 F000000        0
074 G000000        0
074 H000000        0
074 I000000        0
074 J000000        0
074 K000000        0
074 L000000     3736
074 M000000        0
074 N000000   241687
074 O000000        1
074 P000000        6
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      375
074 S000000        0
074 T000000   241305
074 U010000    45144
074 U020000     4130
074 V010000     4.90
074 V020000     0.00
074 W000000   0.0000
074 X000000     5398
074 Y000000        0
075 A000000        0
075 B000000   254330
076  000000     0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 Y
077 E000000 N
077 F000000 N
<PAGE>      PAGE  6
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
SIGNATURE   LESLIE L. OGG
TITLE       VICE PRESIDENT

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  1
   <NAME>  AXP CALIFORNIA TAX EXEMPT FUND CLASS A

<S>                                      <C>
<PERIOD-TYPE>                                  6-MOS
<FISCAL-YEAR-END>                        JUN-30-2000
<PERIOD-END>                             DEC-31-1999
<INVESTMENTS-AT-COST>                      238366885
<INVESTMENTS-AT-VALUE>                     237937200
<RECEIVABLES>                                3735463
<ASSETS-OTHER>                                 14422
<OTHER-ITEMS-ASSETS>                               0
<TOTAL-ASSETS>                             241687085
<PAYABLE-FOR-SECURITIES>                         745
<SENIOR-LONG-TERM-DEBT>                            0
<OTHER-ITEMS-LIABILITIES>                     380996
<TOTAL-LIABILITIES>                           381741
<SENIOR-EQUITY>                                    0
<PAID-IN-CAPITAL-COMMON>                   247236729
<SHARES-COMMON-STOCK>                       45143734
<SHARES-COMMON-PRIOR>                       47434784
<ACCUMULATED-NII-CURRENT>                          0
<OVERDISTRIBUTION-NII>                             0
<ACCUMULATED-NET-GAINS>                            0
<OVERDISTRIBUTION-GAINS>                     5500955
<ACCUM-APPREC-OR-DEPREC>                     (430430)
<NET-ASSETS>                               221083281
<DIVIDEND-INCOME>                                  0
<INTEREST-INCOME>                            7575820
<OTHER-INCOME>                                     0
<EXPENSES-NET>                               1148660
<NET-INVESTMENT-INCOME>                      6427160
<REALIZED-GAINS-CURRENT>                      (60481)
<APPREC-INCREASE-CURRENT>                  (14494146)
<NET-CHANGE-FROM-OPS>                       (8127467)
<EQUALIZATION>                                     0
<DISTRIBUTIONS-OF-INCOME>                    5973813
<DISTRIBUTIONS-OF-GAINS>                           0
<DISTRIBUTIONS-OTHER>                              0
<NUMBER-OF-SHARES-SOLD>                      3610531
<NUMBER-OF-SHARES-REDEEMED>                  6691941
<SHARES-REINVESTED>                           790360
<NET-CHANGE-IN-ASSETS>                     (25589059)
<ACCUMULATED-NII-PRIOR>                            0
<ACCUMULATED-GAINS-PRIOR>                          0
<OVERDISTRIB-NII-PRIOR>                            1
<OVERDIST-NET-GAINS-PRIOR>                   5440474
<GROSS-ADVISORY-FEES>                         602169
<INTEREST-EXPENSE>                                 0
<GROSS-EXPENSE>                              1155016
<AVERAGE-NET-ASSETS>                       233656581
<PER-SHARE-NAV-BEGIN>                           5.18
<PER-SHARE-NII>                                  .13
<PER-SHARE-GAIN-APPREC>                         (.28)
<PER-SHARE-DIVIDEND>                             .13
<PER-SHARE-DISTRIBUTIONS>                          0
<RETURNS-OF-CAPITAL>                               0
<PER-SHARE-NAV-END>                             4.90
<EXPENSE-RATIO>                                  .84


</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  2
   <NAME>  AXP CALIFORNIA TAX EXEMPT FUND CLASS B

<S>                                                    <C>
<PERIOD-TYPE>                                                6-MOS
<FISCAL-YEAR-END>                                      JUN-30-2000
<PERIOD-END>                                           DEC-31-1999
<INVESTMENTS-AT-COST>                                    238366885
<INVESTMENTS-AT-VALUE>                                   237937200
<RECEIVABLES>                                              3735463
<ASSETS-OTHER>                                               14422
<OTHER-ITEMS-ASSETS>                                             0
<TOTAL-ASSETS>                                           241687085
<PAYABLE-FOR-SECURITIES>                                       745
<SENIOR-LONG-TERM-DEBT>                                          0
<OTHER-ITEMS-LIABILITIES>                                   380996
<TOTAL-LIABILITIES>                                         381741
<SENIOR-EQUITY>                                                  0
<PAID-IN-CAPITAL-COMMON>                                 247236729
<SHARES-COMMON-STOCK>                                      4129569
<SHARES-COMMON-PRIOR>                                      4040395
<ACCUMULATED-NII-CURRENT>                                        0
<OVERDISTRIBUTION-NII>                                           0
<ACCUMULATED-NET-GAINS>                                          0
<OVERDISTRIBUTION-GAINS>                                   5500955
<ACCUM-APPREC-OR-DEPREC>                                   (430430)
<NET-ASSETS>                                              20222063
<DIVIDEND-INCOME>                                                0
<INTEREST-INCOME>                                          7575820
<OTHER-INCOME>                                                   0
<EXPENSES-NET>                                             1148660
<NET-INVESTMENT-INCOME>                                    6427160
<REALIZED-GAINS-CURRENT>                                    (60481)
<APPREC-INCREASE-CURRENT>                                (14494146)
<NET-CHANGE-FROM-OPS>                                     (8127467)
<EQUALIZATION>                                                   0
<DISTRIBUTIONS-OF-INCOME>                                   453346
<DISTRIBUTIONS-OF-GAINS>                                         0
<DISTRIBUTIONS-OTHER>                                            0
<NUMBER-OF-SHARES-SOLD>                                     615261
<NUMBER-OF-SHARES-REDEEMED>                                 595237
<SHARES-REINVESTED>                                          69150
<NET-CHANGE-IN-ASSETS>                                   (25589059)
<ACCUMULATED-NII-PRIOR>                                          0
<ACCUMULATED-GAINS-PRIOR>                                        0
<OVERDISTRIB-NII-PRIOR>                                          1
<OVERDIST-NET-GAINS-PRIOR>                                 5440474
<GROSS-ADVISORY-FEES>                                       602169
<INTEREST-EXPENSE>                                               0
<GROSS-EXPENSE>                                            1155016
<AVERAGE-NET-ASSETS>                                      20809941
<PER-SHARE-NAV-BEGIN>                                         5.18
<PER-SHARE-NII>                                                .11
<PER-SHARE-GAIN-APPREC>                                       (.28)
<PER-SHARE-DIVIDEND>                                           .11
<PER-SHARE-DISTRIBUTIONS>                                        0
<RETURNS-OF-CAPITAL>                                             0
<PER-SHARE-NAV-END>                                           4.90
<EXPENSE-RATIO>                                               1.60


</TABLE>

                          EXHIBIT 77D
                  AXP California Tax-Exempt Trust

 Changes in investment policies for the Six-month Period Ended 12/31/99 for:

                  AXP CALIFORNIA TAX-EXEMPT TRUST

         [For all Funds that have a 5% policy]

 RESOLVED, That the 5% restriction on when-issued securities be eliminated.

  [For all funds]

RESOLVED, That the Fund may invest in repurchase agreements provided AEFC
evaluates the creditworthiness of each counterparty to a repurchase agreement
and takes steps that are reasonably designed to ensure that the repurchase
agreement is fully collateralized.



© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission