<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP INSURED TAX EXEMPT FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUN-30-2000
<PERIOD-END> JUN-30-2000
<INVESTMENTS-AT-COST> 401122613
<INVESTMENTS-AT-VALUE> 416239829
<RECEIVABLES> 6255482
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 422495311
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 691737
<TOTAL-LIABILITIES> 691737
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 421656235
<SHARES-COMMON-STOCK> 70363101
<SHARES-COMMON-PRIOR> 80693638
<ACCUMULATED-NII-CURRENT> 19659
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 14932592
<ACCUM-APPREC-OR-DEPREC> 15060272
<NET-ASSETS> 371240217
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 27259689
<OTHER-INCOME> 0
<EXPENSES-NET> 4118318
<NET-INVESTMENT-INCOME> 23141371
<REALIZED-GAINS-CURRENT> (893327)
<APPREC-INCREASE-CURRENT> (15509217)
<NET-CHANGE-FROM-OPS> 6738827
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 20651675
<DISTRIBUTIONS-OF-GAINS> 13944
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9803655
<NUMBER-OF-SHARES-REDEEMED> 22826419
<SHARES-REINVESTED> 2692227
<NET-CHANGE-IN-ASSETS> (78061100)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 493
<OVERDIST-NET-GAINS-PRIOR> 14023756
<GROSS-ADVISORY-FEES> 2051734
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 4149514
<AVERAGE-NET-ASSETS> 399368420
<PER-SHARE-NAV-BEGIN> 5.44
<PER-SHARE-NII> .27
<PER-SHARE-GAIN-APPREC> (.16)
<PER-SHARE-DIVIDEND> .27
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.28
<EXPENSE-RATIO> .82
</TABLE>
