IDS GLOBAL SERIES INC, 485BPOS, 1995-12-22

IDS GLOBAL SERIES INC
485BPOS, 1995-12-22

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<PAGE>
PAGE 1
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form N-1A

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

Pre-Effective Amendment No.

Post-Effective Amendment No. 24 (File No. 33-25824) X

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY (ACT OF 1940)

Amendment No. 26 (File No. 811-5696) X

IDS GLOBAL SERIES, INC.
IDS Tower 10, Minneapolis, Minnesota 55440-0010

Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810,
Minneapolis, MN 55440-3268
(612) 330-9283

Approximate Date of Proposed Public Offering:

It is proposed that this filing will become effective (check
appropriate box)

immediately upon filing pursuant to paragraph (b)
X on Dec. 29, 1995 pursuant to paragraph (b) of rule 485
60 days after filing pursuant to paragraph (a)(i)
on Dec. 29, 1995 pursuant to paragraph (a)(i) of rule 485
75 days after filing pursuant to paragraph (a)(ii)
on (date) pursuant to paragraph (a)(ii) of rule 485.

If appropriate, check the following box:

This Post-Effective Amendment designates a new effective date
for a previously filed Post-Effective Amendment.

The Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Section
24-f of the Investment Company Act of 1940. Registrant's Rule
24f-2 Notice for its most recent fiscal year will be filed on or
about December 30, 1995.
<PAGE>
PAGE 2
Cross reference sheet for IDS Global Bond Fund and IDS Global
Growth Fund showing the location in each of their prospectuses and
statements of additional information of the information called for
by the items enumerated in Parts A and B of Form N-1A.

Negative answers omitted from prospectus are so indicated.
<TABLE><CAPTION>

PART A PART B
Section Section in
Item No. in Prospectus Item No. Statement of Additional Information
<S> <C> <C> <C>
1 Cover page of prospectus 10 Cover page of SAI

2(a) Sales charge and Fund expenses 11 Table of Contents
(b) The Fund in brief
(c) The Fund in brief 12 NA

3(a) Financial highlights 13(a) Additional Investment Policies; all
(b) NA appendices except Dollar-Cost Averaging
(c) Performance (b) Additional Investment Policies
(d) Financial highlights (c) Additional Investment Policies
(d) Portfolio Transactions
4(a) The Fund in brief; Investment policies and
risks; How the Fund is organized 14(a) Directors and officers of the Fund;**
(b) Investment policies and risks Directors and officers
(c) Investment policies and risks (b) Directors and Officers
(c) Directors and Officers
5(a) Directors and officers; Directors and
officers of the Fund (listing) 15(a) NA
(b)(i) Investment manager and transfer agent; (b) NA
About American Express Financial (c) Directors and Officers
Corporation -- General Information
(b)(ii) Investment manager and transfer agent 16(a)(i) How the Fund is organized; About American
(b)(iii) Investment manager and transfer agent Express Financial Corporation**
(c) Portfolio manager (a)(ii) Agreements: Investment Management Services
(d) Investment manager and transfer agent Agreement, Plan and Supplemental
(e) Investment manager and transfer agent Agreement of Distribution
(f) Distributor (a)(iii) Agreements: Investment Management Services Agreement
(g) Investment manager and transfer agent; (b) Agreements: Investment Management Services Agreement
About American Express Financial (c) NA
Corporation -- General Information (d) Agreements: Administrative Services
Agreement, Shareholder Service Agreement
5A(a) * (e) NA
(b) * (f) Agreements: Distribution Agreement
(g) NA
6(a) Shares; Voting rights (h) Custodian; Independent Auditors
(b) NA (i) Agreements: Transfer Agency Agreement; Custodian
(c) NA
(d) Voting rights 17(a) Portfolio Transactions
(e) Cover page; Special shareholder services (b) Brokerage Commissions Paid to Brokers Affiliated
(f) Dividends and capital gains distributions; with American Express Financial Corporation
Reinvestments (c) Portfolio Transactions
(g) Taxes (d) Portfolio Transactions
(h) Alternative sales arrangements; Special (e) Portfolio Transactions
considerations regarding master/feeder
structure 18(a) Shares; Voting rights**
(b) NA
7(a) Distributor
(b) Valuing Fund shares 19(a) Investing in the Fund
(c) How to purchase, exchange or redeem shares (b) Valuing Fund Shares; Investing in the Fund
(d) How to purchase shares (c) NA
(e) NA
(f) Distributor 20 Taxes

8(a) How to redeem shares 21(a) Agreements: Distribution Agreement
(b) NA (b) Agreements: Distribution Agreement
(c) How to purchase shares: Three ways to invest (c) NA
(d) How to purchase, exchange or redeem shares:
Redemption policies -- "Important..." 22(a) Performance Information (for money market
funds only)
9 None (b) Performance Information (for all funds except
money market funds)

23 Financial Statements

*Designates information is located in annual report.
**Designates location in prospectus.
/TABLE
<PAGE>
PAGE 3
IDS Global Bond Fund

Prospectus
Dec. 29, 1995

The goal of IDS Global Bond Fund, a part of IDS Global Series,
Inc., is a high total return through income and growth of capital.
The Fund invests primarily in debt securities of U.S. and foreign
issuers.

This prospectus contains facts that can help you decide if the Fund
is the right investment for you. Read it before you invest and
keep it for future reference.

Additional facts about the Fund are in a Statement of Additional
Information (SAI), filed with the Securities and Exchange
Commission. The SAI, dated Dec. 29, 1995, is incorporated here by
reference. For a free copy, contact American Express Shareholder
Service.

THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE
SECURITIES AND EXCHANGE COMMISSION OR ANY STATE SECURITIES
COMMISSION, NOR HAS THE SECURITIES AND EXCHANGE COMMISSION OR ANY
STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF
THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.

SHARES IN THE FUND ARE NOT DEPOSITS OR OBLIGATIONS OF, OR
GUARANTEED OR ENDORSED BY, ANY BANK, AND SHARES ARE NOT FEDERALLY
INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL
RESERVE BOARD, OR ANY OTHER AGENCY. INVESTMENTS IN THE FUND
INVOLVE INVESTMENT RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.

American Express Shareholder Service
P.O. Box 534
Minneapolis, MN
55440-0534
612-671-3733
TTY: 800-846-4852
<PAGE>
PAGE 4
The Fund in brief
Goal
Types of Fund investments and their risks
Proposed conversion to master/feeder structure
Manager and distributor
Portfolio manager
Alternative purchase arrangements

Sales charge and Fund expenses

Performance
Financial highlights
Total returns
Yield

Investment policies and risks
Facts about investments and their risks
Valuing Fund shares

How to purchase, exchange or redeem shares
Alternative purchase arrangements
How to purchase shares
How to exchange shares
How to redeem shares
Reductions and waivers of the sales charge

Special shareholder services
Services
Quick telephone reference

Distributions and taxes
Dividend and capital gain distributions
Reinvestments
Taxes
How to determine the correct TIN

How the Fund is organized
Shares
Voting rights
Shareholder meetings
Special considerations regarding master/feeder structure
Directors and officers
Investment manager and transfer agent
Distributor

About American Express Financial Corporation
General information

Appendices

Description of corporate bond ratings
Descriptions of derivative instruments
<PAGE>
PAGE 5
The Fund in brief

Goal

IDS Global Bond Fund (the Fund) seeks to provide shareholders with
high total return through income and growth of capital. Because
any investment involves risk, achieving this goal cannot be
guaranteed. Only shareholders can change the goal.

Types of Fund investments and their risks

The Fund is a non-diversified mutual fund that invests primarily in
debt securities of U.S. and foreign issuers. Non-diversified
mutual funds may have more market risk than funds with broad
diversification. The Fund also may invest in common and preferred
stocks, derivative instruments and money market instruments.

Risks arising from investments in foreign securities include
fluctuations in currency exchange rates, adverse political and
economic developments and lack of comparable regulatory
requirements applicable to U.S. companies. You should invest in
the Fund only if you are willing to assume such risks.

Proposed conversion to master/feeder structure

Subject to certain contingencies, the Fund intends to invest all of
its assets in the World Income Portfolio (the Portfolio) of World
Trust (the Trust) rather than directly investing in and managing
its own portfolio of securities. The Portfolio will have the same
investment objective as the Fund. The Fund anticipates this
conversion will occur in early 1996.

Manager and distributor

The Fund is managed by American Express Financial Corporation
(AEFC), a provider of financial services since 1894. AEFC
currently manages more than $45 billion in assets for the IDS
MUTUAL FUND GROUP. Shares of the Fund are sold through American
Express Financial Advisors Inc., a wholly owned subsidiary of AEFC.
After the Fund converts to the master/feeder structure, the
Portfolio in which the Fund invests will be managed by AEFC with
the same portfolio manager.

Portfolio manager

Ray Goodner joined AEFC in 1977 and serves as vice president and
senior portfolio manager. He began his career in portfolio
management in 1980. He has managed this Fund since 1989. Since
1985 he also has served as portfolio manager of IDS Selective Fund.

<PAGE>
PAGE 6
Alternative purchase arrangements

The Fund offers its shares in three classes. Class A shares are
subject to a sales charge at the time of purchase. Class B shares
are subject to a contingent deferred sales charge (CDSC) on
redemptions made within six years of purchase and an annual
distribution (12b-1) fee. Class Y shares are sold without a sales
charge to qualifying institutional investors.

Sales charge and Fund expenses

Shareholder transaction expenses are incurred directly by an
investor on the purchase or redemption of Fund shares. Fund
operating expenses are paid out of Fund assets for each class of
shares. Operating expenses are reflected in the Fund's daily share
price and dividends, and are not charged directly to shareholder
accounts.

Shareholder transaction expenses
Class A Class B Class Y
Maximum sales charge on purchases*
(as a percentage of offering price).......5% 0% 0%

Maximum deferred sales charge
imposed on redemptions (as a
percentage of original purchase price)....0% 5% 0%

Annual Fund operating expenses**
(% of average daily net assets):

Class A Class B Class Y
Management fee 0.76% 0.76% 0.76%

12b-1 fee 0.00% 0.75% 0.00%

Other expenses*** 0.52% 0.54% 0.34%

Total 1.28% 2.05% 1.10%

*This charge may be reduced depending on your total investments in
IDS funds. See "Reductions of the sales charge."
**Expenses for Class A are based on actual expenses for the last
fiscal year, restated to reflect current fees. Expenses for Class
B and Class Y are based on actual annualized expenses for the
period from March 20, 1995 to Oct. 31, 1995.
***Other expenses include an administrative services fee, a
shareholder services fee for Class A and Class B, a transfer agency
fee and other non-advisory expenses.

Example: Suppose for each year for the next 10 years, Fund
expenses are as above and annual return is 5%. If you sold your
shares at the end of the following years, for each $1,000 invested,
you would pay total expenses of:

<PAGE>
PAGE 7

1 year 3 years 5 years 10 years
Class A $62 $ 89 $117 $197

Class B $71 $104 $130 $218**

Class B* $21 $ 64 $110 $218**

Class Y $11 $ 35 $ 61 $134

*Assuming Class B shares are not redeemed at the end of the period.
**Based on conversion of Class B shares to Class A shares after
eight years.

This example does not represent actual expenses, past or future.
Actual expenses may be higher or lower than those shown. Expense
information in this table for Class A shares has been restated to
reflect estimates of Fund expenses from changes in fees approved by
shareholders in November 1994. Because Class B pays annual
distribution (12b-1) fees, long-term shareholders of Class B may
indirectly pay an equivalent of more than a 6.25% sales charge, the
maximum permitted by the National Association of Securities
Dealers.
<PAGE>
PAGE 8
<TABLE>
<CAPTION>
IDS Global Bond Fund, Inc.

Performance
Financial highlights

Fiscal period ended Oct. 31,
Per share income and capital changes*
Class A
1995 1994 1993 1992 1991 1990 1989**

<S> <C> <C> <C> <C> <C> <C> <C>
Net asset value, $5.76 $6.27 $5.91 $5.58 $5.46 $5.22 $5.00
beginning of period
Income from investment operations:
Net investment income .35 .36 .26 .33 .50 .40 .12

Net gains (losses) .41 (.45) .62 .47 .12 .27 .22
(both realized
and unrealized)

Total from investment .76 (.09) .88 .80 .62 .67 .34
operations
Less distributions:
Dividends from net (.33) (.35) (.27) (.30) (.50) (.40) (.12)
investment income

Distributions from (.02) (.07) (.10) (.06) -- (.03) --
realized gains

Excess distributions of (.06) -- (.15) (.11) -- -- --
realized gains

Total distributions (.41) (.42) (.52) (.47) (.50) (.43) (.12)

Net asset value, $6.11 $5.76 $6.27 $5.91 $5.58 $5.46 $5.22
end of period
Ratios/supplemental data

1995 1994 1993 1992 1991 1990 1989**

Net assets, end of $548 $466 $255 $91 $50 $28 $11
period (in millions)

Ratio of expenses to 1.25% 1.26% 1.31% 1.39% 1.34% 1.73%++ 1.00%+
average daily net assets

Ratio of net income 6.15% 5.56% 5.11% 6.50% 7.15%10.60%++ 7.04%+#
to average
daily net assets

Portfolio turnover rate 92% 64% 90% 160% 123% 130% 91%
(excluding short-term
securities)

Total return*** 13.6% (1.5%) 15.8% 14.8% 11.9% 13.3% 6.7%

*For a share outstanding throughout the period. Rounded to the nearest cent.
**Inception date. Period from March 20, 1989 to Oct. 31, 1989.
***Total return does not reflect payment of a sales charge.
+During the period from March 20, 1989 to Oct. 31, 1989, AEFC reimbursed the
Fund for expenses in excess of 1% of daily net assets. Had AEFC not done so, the
ratio of expenses and ratio of net investment income would have been 1.77%
and 5.77%, respectively.
++For the nine months ended July 31, 1990, AEFC voluntarily reimbursed the Fund
for a portion of its expenses. Had AEFC not done so, the ratio of expenses and
ratio of net investment income would have been 1.87% and 10.46%, respectively.
#Adjusted to an annual basis. <PAGE>
PAGE 9
IDS Global Bond Fund

Performance
Financial highlights

Fiscal period ended Oct. 31,
Per share income and capital changes*
Class B** Class Y**
1995 1995

Net asset value, $5.74 $5.74
beginning of period
Income from investment operations:
Net investment income .24 .27

Net gains .41 .41
(both realized
and unrealized)

Total from investment .65 .68
operations
Less distributions:
Dividends from net (.24) (.27)
investment income

Excess distributions of (.04) (.04)
realized gains

Total distributions (.28) (.31)

Net asset value, $6.11 $6.11
end of period
Ratios/supplemental data

1995 1995

Net assets, end of $37 $2
period (in millions)

Ratio of expenses to 2.05%+ 1.10%+
average daily net assets

Ratio of net income 5.88%+ 6.68%+
to average
daily net assets

Portfolio turnover rate 92% 92%
(excluding short-term
securities)

Total return*** 11.5% 12.0%
*For a share outstanding throughout the period. Rounded to the nearest cent.
**Inception date was March 20, 1995 for Class B and Class Y.
***Total return does not reflect payment of a sales charge.

+Adjusted to an annual basis.
</TABLE>

The information in this table has been audited by KPMG Peat Marwick
LLP, independent auditors. The independent auditors' report and
additional information about the performance of the Fund are
contained in the Fund's annual report which, if not included with
this prospectus, may be obtained without charge.

<PAGE>
PAGE 10
Total returns

Total return is the sum of all of your returns for a given period,
assuming you reinvest all distributions. It is calculated by
taking the total value of shares you own at the end of the period
(including shares acquired by reinvestment), less the price of
shares you purchased at the beginning of the period.

Average annual total return is the annually compounded rate of
return over a given time period (usually two or more years). It is
the total return for the period converted to an equivalent annual
figure.

Average annual total returns as of Oct. 31, 1995

Purchase 1 year 5 years Since
made ago ago inception*

Global Bond:
Class A + 7.90% + 9.59% +10.27%

Salomon Brothers
Global Govt. Bond
Composite Index +22.29% +12.46% +11.93%

Lipper General World
Income Fund Index +11.25% + 7.73% + 8.82%

*March 20, 1989

Cumulative total returns as of Oct. 31, 1995

Purchase 1 year 5 years Since
made ago ago inception*

Global Bond:
Class A + 7.90% +58.07% + 91.00%

Salomon Brothers
Global Govt. Bond
Composite Index +22.29% +79.86% +110.48%

Lipper General World +11.25% +45.08% + 74.70%
Income Fund Index

*March 20, 1989

These examples show total returns from hypothetical investments in
Class A shares of the Fund. These returns are compared to those of
popular indexes for the same periods. Total returns for Class A,
Class B and Class Y for the period from March 20, 1995 to Oct. 31,
1995 were +4.75%, +6.52% and +12.02%, respectively. March 20, 1995
was the inception date for Class B and Class Y. Total return for
Class A is shown for comparative purposes. The performance of
Class B and Class Y will vary from the performance of Class A based
on differences in sales charges and fees. Past performance for
Class Y for the periods prior to March 20, 1995 may be calculated
based on the performance of Class A, adjusted to reflect <PAGE>
PAGE 11
differences in sales charges although not other differences in
expenses.

For purposes of calculation, information about the Fund assumes:
o a sales charge of 5% for Class A shares
o redemption at the end of the period and deduction of the
applicable contingent deferred sales charge for Class B shares
o no sales charge for Class Y shares
o no adjustments for taxes an investor may have paid on the
reinvested income and capital gains
o a period of widely fluctuating securities prices. Returns shown
should not be considered a representation of the Fund's future
performance.

Salomon Brothers Global Government Bond Composite Index is a
representative list of government bonds of 17 countries throughout
the world. The index is a general measure of government bond
performance. Performance is expressed in the U.S. dollar as well
as the currencies of governments making up the index. The bonds
included in the index may not be the same as those in the Fund.

Lipper General World Income Fund Index, published by Lipper
Analytical Services, Inc., includes 30 funds that are generally
similar to the Fund, although some funds in the index may have
somewhat different investment policies or objectives.

The indexes reflect reinvestment of all distributions and changes
in market prices, but exclude brokerage commissions or other fees.

Yield

Yield is the net investment income earned per share for a specified
time period, divided by the offering price at the end of the
period. The Fund's annualized yield for the 31-day period ended
Oct. 31, 1995, was 5.72% for Class A, 5.26% for Class B and 6.20%
for Class Y. The Fund calculates this 31-day annualized yield by
dividing:

o net investment income per share deemed earned during a 31-day
period by

o the public offering price per share on the last day of the
period, and

o converting the result to a yearly equivalent figure.

This yield calculation does not include any contingent deferred
sales charge, ranging from 5% to 0% on Class B shares, which would
reduce the yield quoted.

The Fund's yield varies from day to day, mainly because share
values and offering prices (which are calculated daily) vary in
response to changes in interest rates. Net investment income
normally changes much less in the short run. Thus, when interest
rates rise and share values fall, yield tends to rise. When
interest rates fall, yield tends to follow.

Past yields should not be considered an indicator of future yields.<PAGE>
PAGE 12
Investment policies and risks

The Fund invests primarily in debt securities of U.S. and foreign
issuers so under normal market conditions at least 80% of the
Fund's net assets will be investment-grade corporate or government
debt securities including money market instruments of issuers
located in at least three different countries.

The Fund also invests in debt securities below investment grade,
convertible securities, common stocks and derivative instruments.

Subject to certain contingencies, the Fund intends in early 1996 to
achieve its investment objective by investing all of its assets in
the Portfolio of the Trust, which is a separate investment company.
The Portfolio has the same investment objectives, policies and
restrictions as the Fund. The board of directors of the Fund
believes that by investing all of its assets in the Portfolio, the
Fund will be in a position to realize directly or indirectly
certain economies of scale inherent in managing a larger asset
base. When the Fund converts to the master/feeder structure, the
policies described below will apply to both the Fund and the
Portfolio.

The various types of investments the portfolio manager uses to
achieve investment performance are described in more detail in the
next section and in the SAI.

Facts about investments and their risks

The price of bonds below investment grade may react more to the
ability of a company to pay interest and principal when due than to
changes in interest rates. They have greater price fluctuations,
are more likely to experience a default, and sometimes are referred
to as junk bonds. Reduced market liquidity for these bonds may
occasionally make it more difficult to value them. In valuing
bonds the Fund relies both on independent rating agencies and the
investment manager's credit analysis. The Fund may not purchase
securities rated lower than B by Moody's Investors Service, Inc.
(Moody's) or Standard & Poor's Corporation (S&P). Securities that
are subsequently downgraded in quality may continue to be held by
the Fund and will be sold only when the Fund's investment manager
believes it is advantageous to do so.
<TABLE><CAPTION>
Bond ratings and holdings for fiscal 1995
Percent of
S&P Rating Protection of net assets in
Percent of (or Moody's principal and unrated securities
net assets equivalent) interest assessed by AEFC
<S> <C> <C> <C>
40.27% AAA Highest quality 14.17%
9.42 AA High quality 3.06
3.80 A Upper medium grade 0.78
5.15 BBB Medium grade --
5.08 BB Moderately speculative 0.37
1.78 B Speculative 2.98
-- CCC Highly speculative 0.08
<PAGE>
PAGE 13
-- CC Poor quality --
-- C Lowest quality --
-- D In default --
21.55 Unrated Unrated securities 0.11
</TABLE>
The table above excludes money market instruments, which are
considered investment-grade securities.

(See Appendix A to this prospectus describing corporate bond
ratings for further information.)

Debt securities sold at a deep discount: Some bonds are sold at
deep discounts because they do not pay interest until maturity.
They include zero coupon bonds and PIK (pay-in-kind) bonds. To
comply with tax laws, the Fund has to recognize a computed amount
of interest income and pay dividends to shareholders even though no
cash has been received. In some instances, the Fund may have to
sell securities to have sufficient cash to pay the dividends.

Convertible securities: These securities generally are preferred
stocks or bonds that can be exchanged for other securities, usually
common stock, at prestated prices. When the trading price of the
common stock makes the exchange likely, the convertible securities
trade more like common stock.

Common stocks: Stock prices are subject to market fluctuations.
Stocks of foreign companies may be subject to abrupt or erratic
price movements. While most of the Fund's investments are in
established companies having adequate financial reserves, some
investments involve substantial risk and may be considered
speculative.

Foreign investments: Securities of foreign companies and
governments may be traded in the United States, but often they are
traded only on foreign markets. Frequently, there is less
information about foreign companies and less government supervision
of foreign markets. Foreign investments are subject to currency
fluctuations and political and economic risks of the countries in
which the investments are made, including the possibility of
seizure or nationalization of companies, imposition of withholding
taxes on income, establishment of exchange controls or adoption of
other restrictions that might affect an investment adversely. If
an investment is made in a foreign market, the local currency may
be purchased using a forward contract in which the price of the
foreign currency in U.S. dollars is established on the date the
trade is made, but delivery of the currency is not made until the
securities are received. As long as the Fund holds foreign
currencies or securities valued in foreign currencies, the value of
those assets will be affected by changes in the value of the
currencies relative to the U.S. dollar. Because of the limited
trading volume in some foreign markets, efforts to buy or sell a
security may change the price of the security, and it may be
difficult to complete the transaction. The limited liquidity and
price fluctuations in emerging markets could make investments in
developing countries more volatile. In addition, the Fund may have
limited legal recourse in the event a sovereign government is
unwilling or unable to pay its debt.

<PAGE>
PAGE 14
Concentration: Since the Fund is a non-diversified mutual fund, it
may concentrate its investments in securities of fewer issuers than
would a diversified fund. Accordingly, the Fund may have more risk
than mutual funds that have broader diversification.

Derivative instruments: The portfolio manager may use derivative
instruments in addition to securities to achieve investment
performance. Derivative instruments include futures, options and
forward contracts. Such instruments may be used to maintain cash
reserves while remaining fully invested, to offset anticipated
declines in values of investments, to facilitate trading, to reduce
transaction costs, or to pursue higher investment returns.
Derivative instruments are characterized by requiring little or no
initial payment and a daily change in price based on or derived
from a security, a currency, a group of securities or currencies,
or an index. A number of strategies or combination of instruments
can be used to achieve the desired investment performance
characteristics. A small change in the value of the underlying
security, currency or index will cause a sizable gain or loss in
the price of the derivative instrument. Derivative instruments
allow the portfolio manager to change the investment performance
characteristics very quickly and at lower costs. Risks include
losses of premiums, rapid changes in prices, defaults by other
parties, and inability to close such instruments. The Fund will
use derivative instruments only to achieve the same investment
performance characteristics it could achieve by directly holding
those securities and currencies permitted under the investment
policies. The Fund will designate cash or appropriate liquid
assets to cover its portfolio obligations. No more than 5% of the
Fund's net assets can be used at any one time for good faith
deposits on futures and premiums for options on futures that do not
offset existing investment positions. The Fund is not limited as
to the percentage of its assets that may be invested in permissible
investments, including derivatives, except as otherwise explicitly
provided in this prospectus or the SAI. For descriptions of these
and other types of derivative instruments, see the Appendix to this
prospectus and the SAI.

Securities and derivative instruments that are illiquid: A
security or derivative instrument is illiquid if it cannot be sold
quickly in the normal course of business. Some investments cannot
be resold to the U.S. public because of their terms or government
regulations. All securities and derivative instruments, however,
can be sold in private sales, and many may be sold to other
institutions and qualified buyers or on foreign markets. The
portfolio manager will follow guidelines established by the board
of directors and consider relevant factors such as the nature of
the security and the number of likely buyers when determining
whether a security is illiquid. No more than 10% of the Fund's net
assets will be held in securities and derivative instruments that
are illiquid.

Money market instruments: Short-term debt securities rated in the
top two grades or the equivalent are used to meet daily cash needs
and at various times to hold assets until better investment
opportunities arise. Generally less than 25% of the Fund's total
assets are in these money market instruments. However, for
temporary defensive purposes these investments could exceed that <PAGE>
PAGE 15
amount for a limited period of time. The investment policies
described above may be changed by the board of directors.

Lending portfolio securities: The Fund may lend its securities to
earn income so long as borrowers provide collateral equal to the
market value of the loans. The risks are that borrowers will not
provide collateral when required or return securities when due.
Unless shareholders approve otherwise, loans may not exceed 30% of
the Fund's net assets.

Valuing Fund shares

The public offering price is the net asset value (NAV) plus the
sales charge for Class A. It is the NAV for Class B and Class Y.

The NAV is the value of a single Fund share. The NAV usually
changes daily, and is calculated at the close of business, normally
3 p.m. Central time, each business day (any day the New York Stock
Exchange is open). NAV generally declines as interest rates
increase and rises as interest rates decline.

To establish the net assets, all securities are valued as of the
close of each business day. In valuing assets:

o Securities (except bonds) and assets with available market values
are valued on that basis.

o Securities maturing in 60 days or less are valued at amortized
cost.

o Bonds and assets without readily available market values are
valued according to methods selected in good faith by the board
of directors.

o Assets and liabilities denominated in foreign currencies are
translated daily into U.S. dollars at a rate of exchange set as
near to the close of the day as practicable.

How to purchase, exchange or redeem shares

Alternative purchase arrangements

The Fund offers three different classes of shares - Class A, Class
B and Class Y. The primary differences among the classes are in
the sales charge structures and in their ongoing expenses. These
differences are summarized in the table below. You may choose the
class that best suits your circumstances and objectives.
<TABLE><CAPTION>

Sales charge and
distribution
(12b-1) fee Service fee Other information
<S> <C> <C> <C>
Class A Maximum initial 0.175% of average Initial sales charge
sales charge of daily net assets waived or reduced
5%; no 12b-1 fee for certain purchases
<PAGE>
PAGE 16
Class B No initial sales 0.175% of average Shares convert to
charge; maximum CDSC daily net assets Class A after eight
of 5% declines to 0% years; CDSC waived in
after six years; 12b-1 certain circumstances
fee of 0.75% of average
daily net assets

Class Y None None Available only to
certain qualifying
institutional
investors
</TABLE>
Conversion of Class B shares to Class A shares - Eight calendar
years after Class B shares were originally purchased, Class B
shares will convert to Class A shares and will no longer be subject
to a distribution fee. The conversion will be on the basis of
relative net asset values of the two classes, without the
imposition of any sales charge. Class B shares purchased through
reinvested dividends and distributions will convert to Class A
shares in a pro rata portion as the Class B shares purchased other
than through reinvestment.

Considerations in determining whether to purchase Class A or Class
B shares - You should consider the information below in determining
whether to purchase Class A or Class B shares. The sales charges
and distribution fee (included in "Ongoing expenses") are
structured so that you will have approximately the same total
return at the end of eight years regardless of which class you
choose.

Sales charges on purchase or redemption

If you purchase Class A If you purchase Class B
shares shares

o You will not have all o All of your money is
of your purchase price invested in shares of
invested. Part of your stock. However, you will
purchase price will go pay a sales charge if you
to pay the sales charge. redeem your shares within
You will not pay a sales six years of purchase.
charge when you redeem
your shares.

o You will be able to o No reductions of the
take advantage of sales charge are
reductions in the sales available for large
charge. purchases.

If your investments in IDS funds total $250,000 or more, you are
better off paying the reduced sales charge in Class A than paying
the higher fees in Class B. If you qualify for a waiver of the
sales charge, you should purchase Class A shares.
<PAGE>
PAGE 17
Ongoing expenses

If you purchase Class A If you purchase Class B
shares shares

o Your shares will have o The distribution and
a lower expense ratio transfer agency fees for
than Class B shares Class B will cause your
because Class A does not shares to have a higher
pay a distribution fee expense ratio and to pay
and the transfer agency lower dividends than
fee for Class A is lower Class A shares. After
than the fee for Class B. eight years, Class B
As a result, Class A shares shares will convert to
will pay higher dividends Class A shares and will
than Class B shares. no longer be subject to
higher fees.

You should consider how long you plan to hold your shares and
whether the accumulated higher fees and CDSC on Class B shares
prior to conversion would be less than the initial sales charge on
Class A shares. Also consider to what extent the difference would
be offset by the lower expenses on Class A shares. To help you in
this analysis, the example in the "Sales charge and Fund expenses"
section of the prospectus illustrates the charges applicable to
each class of shares.

Class Y shares - Class Y shares are offered to certain
institutional investors. Class Y shares are sold without a front-
end sales charge or a CDSC and are not subject to either a service
fee or a distribution fee. The following investors are eligible to
purchase Class Y shares:

o Qualified employee benefit plans* if the plan:

- uses a daily transfer recordkeeping service offering
participants daily access to IDS funds and has

- at least $10 million in plan assets or

- 500 or more participants; or

- does not use daily transfer recordkeeping and has
- at least $3 million invested in funds of the IDS MUTUAL
FUND GROUP or

- 500 or more participants.

o Trust companies or similar institutions, and charitable
organizations that meet the definition in Section 501(c)(3) of the
Internal Revenue Code.* These must have at least $10 million
invested in funds of the IDS MUTUAL FUND GROUP.

o Nonqualified deferred compensation plans* whose participants are
included in a qualified employee benefit plan described above.
<PAGE>
PAGE 18
* Eligibility must be determined in advance by American Express
Financial Advisors. To do so, contact your financial advisor.

How to purchase shares

If you're investing in this Fund for the first time, you'll need to
set up an account. Your financial advisor will help you fill out
and submit an application. Once your account is set up, you can
choose among several convenient ways to invest.

Important: When opening an account, you must provide AEFC with
your correct Taxpayer Identification Number (Social Security or
Employer Identification number). See "Distributions and taxes."

When you purchase shares for a new or existing account, the price
you pay per share is determined at the close of business on the day
your investment is received and accepted at the Minneapolis
headquarters.

Purchase policies:

o Investments must be received and accepted in the Minneapolis
headquarters on a business day before 3 p.m. Central time to be
included in your account that day and to receive that day's share
price. Otherwise your purchase will be processed the next
business day and you will pay the next day's share price.

o The minimums allowed for investment may change from time to time.

o Wire orders can be accepted only on days when your bank, AEFC,
the Fund and Norwest Bank Minneapolis are open for business.

o Wire purchases are completed when wired payment is received and
the Fund accepts the purchase.

o AEFC and the Fund are not responsible for any delays that occur
in wiring funds, including delays in processing by the bank.

o You must pay any fee the bank charges for wiring.

o The Fund reserves the right to reject any application for any
reason.

o If your application does not specify which class of shares you
are purchasing, it will be assumed that you are investing in
Class A shares.
<PAGE>
PAGE 19
<TABLE><CAPTION>
Three ways to invest

1
<S> <C> <C>
By regular account Send your check and application Minimum amounts
(or your name and account number Initial investment: $2,000
if you have an established account)
to: Additional
investments: $ 100
American Express Financial Advisors Inc.
P.O. Box 74 Account balances: $ 300*
Minneapolis, MN 55440-0074
Qualified retirement
Your financial advisor will help accounts: none
you with this process.

2
By scheduled Contact your financial advisor Minimum amounts
investment plan to set up one of the following Initial investment: $100
scheduled plans:
Additional
o automatic payroll deduction investments: $100/mo.

o bank authorization Account balances: none
(on active plans of
o direct deposit of monthly payments)
Social Security check

o other plan approved by the Fund

3
By wire If you have an established account, If this information is not
you may wire money to: included, the order may be
rejected and all money
Norwest Bank Minneapolis received by the Fund, less
Routing No. 091000019 any costs the Fund or AEFC
Minneapolis, MN incurs, will be returned
Attn: Domestic Wire Dept. promptly.

Give these instructions: Minimum amounts
Credit IDS Account #00-30-015 Each wire investment: $1,000
for personal account # (your
account number) for (your name).

*If your account balance falls below $300, you will be asked in writing to bring it up to $300 or establish a scheduled
investment plan. If you don't do so within 30 days, your shares can be redeemed and the proceeds mailed to you.
</TABLE>
How to exchange shares

You can exchange your shares of the Fund at no charge for shares of
the same class of any other publicly offered fund in the IDS MUTUAL
FUND GROUP available in your state. Exchanges into IDS Tax-Free
Money Fund must be made from Class A shares. For complete
information, including fees and expenses, read the prospectus
carefully before exchanging into a new fund.

If your exchange request arrives at the Minneapolis headquarters
before the close of business, your shares will be redeemed at the
net asset value set for that day. The proceeds will be used to
purchase new fund shares the same day. Otherwise, your exchange
will take place the next business day at that day's net asset
value.

For tax purposes, an exchange represents a redemption and purchase
and may result in a gain or loss. However, you cannot create a tax
loss (or reduce a taxable gain) by exchanging from the Fund within
91 days of your purchase. For further explanation, see the SAI.
<PAGE>
PAGE 20
How to redeem shares

You can redeem your shares at any time. American Express
Shareholder Service will mail payment within seven days after
receiving your request.

When you redeem shares, the amount you receive may be more or less
than the amount you invested. Your shares will be redeemed at net
asset value, minus any applicable sales charge, at the close of
business on the day your request is accepted at the Minneapolis
headquarters. If your request arrives after the close of business,
the price per share will be the net asset value, minus any
applicable sales charge, at the close of business on the next
business day.

A redemption is a taxable transaction. If your proceeds on your
redemption are more or less than the cost of your shares, you will
have a gain or loss, which can affect your tax liability.
Redeeming shares held in an IRA or qualified retirement account may
subject you to certain federal taxes, penalties and reporting
requirements. Consult your tax advisor.
<TABLE><CAPTION>
Two ways to request an exchange or redemption of shares

1
<S> <C>
By letter Include in your letter:
o the name of the fund(s)

o the class of shares to be exchanged or redeemed

o your account number(s) (for exchanges, both funds must be registered in the same
ownership)

o your Taxpayer Identification Number (TIN)

o the dollar amount or number of shares you want to exchange or redeem

o signature of all registered account owners

o for redemptions, indicate how you want your money delivered to you

o any paper certificates of shares you hold

Regular mail:
American Express Shareholder Service
Attn: Redemptions
P.O. Box 534
Minneapolis, MN 55440-0534

Express mail:
American Express Shareholder Service
Attn: Redemptions
733 Marquette Ave.
Minneapolis, MN 55402

o Phone exchange and redemption privileges automatically apply to all accounts except
custodial, corporate or qualified retirement accounts unless you request these privileges
NOT apply by writing American Express Shareholder Service. Each registered owner must sign
the request.
<PAGE>
PAGE 21
o AEFC answers phone requests promptly, but you may experience delays when call volume is
high. If you are unable to get through, use mail procedure as an alternative.

o Acting on your instructions, your financial advisor may conduct telephone transactions
on your behalf.

o Phone privileges may be modified or discontinued at any time.

Minimum amount
Redemption: $100

Maximum amount
Redemption: $50,000
</TABLE>
Exchange policies:

o You may make up to three exchanges within any 30-day period, with
each limited to $300,000. These limits do not apply to scheduled
exchange programs and certain employee benefit plans or other
arrangements through which one shareholder represents the interests
of several. Exceptions may be allowed with pre-approval of the
Fund.

o Exchanges must be made into the same class of shares of the new
fund.

o If your exchange creates a new account, it must satisfy the
minimum investment amount for new purchases.

o Once we receive your exchange request, you cannot cancel it.

o Shares of the new fund may not be used on the same day for
another exchange.

o If your shares are pledged as collateral, the exchange will be
delayed until written approval is obtained from the secured party.

o AEFC and the Fund reserve the right to reject any exchange, limit
the amount, or modify or discontinue the exchange privilege, to
prevent abuse or adverse effects on the Fund and its shareholders.
For example, if exchanges are too numerous or too large, they may
disrupt the Fund's investment strategies or increase its costs.

Redemption policies:

o A "change of mind" option allows you to change your mind after
requesting a redemption and to use all or part of the proceeds to
purchase new shares in the same class from which you redeemed. If
you reinvest in Class A, you will purchase the new shares at net
asset value rather than the offering price on the date of a new
purchase. If you reinvest in Class B, any CDSC you paid on the
amount you are reinvesting also will be reinvested. To take
advantage of this option, send a written request within 30 days of
the date your redemption request was received. Include your
account number and mention this option. This privilege may be
limited or withdrawn at any time, and it may have tax consequences.

o A telephone redemption request will not be allowed within 30 days
of a phoned-in address change.
<PAGE>
PAGE 22

Important: If you request a redemption of shares you recently
purchased by a check or money order that is not guaranteed, the
Fund will wait for your check to clear. It may take up to 10 days
from the date of purchase before a check is mailed to you. (A
check may be mailed earlier if your bank provides evidence
satisfactory to the Fund and AEFC that your check has cleared.)
<TABLE><CAPTION>
Three ways to receive payment when you redeem shares

1
<S> <C>
By regular or express mail o Mailed to the address on record.

o Payable to names listed on the account.

NOTE: The express mail delivery charges
you pay will vary depending on the
courier you select.

2
By wire o Minimum wire redemption: $1,000.

o Request that money be wired to your bank.

o Bank account must be in the same
ownership as the IDS fund account.

NOTE: Pre-authorization required. For
instructions, contact your financial
advisor or American Express Shareholder Service.

3
By scheduled payout plan o Minimum payment: $50.

o Contact your financial advisor or American Express
Shareholder Service to set up regular
payments to you on a monthly, bimonthly,
quarterly, semiannual or annual basis.

o Purchasing new shares while under a payout
plan may be disadvantageous because of
the sales charges.
</TABLE>
Reductions and waivers of the sales charge
Class A - initial sales charge alternative

On purchases of Class A shares, you pay a 5% sales charge on the
first $50,000 of your total investment and less on investments
after the first $50,000:

Total investment Sales charge as a
percent of:*

Public Net
offering amount
price invested

Up to $50,000 5.0% 5.26%

Next $50,000 4.5 4.71

Next $400,000 3.8 3.95

Next $500,000 2.0 2.04

$1,000,000 or more 0.0 0.00<PAGE>
PAGE 23
* To calculate the actual sales charge on an investment greater
than $50,000 and less than $1,000,000, amounts for each applicable
increment must be totaled. See the SAI.

Reductions of the sales charge on Class A shares
Your sales charge may be reduced, depending on the totals of:

o the amount you are investing in this Fund now,

o the amount of your existing investment in this Fund, if any, and

o the amount you and your immediate family (spouse or unmarried
children under 21) are investing or have in other funds in the IDS
MUTUAL FUND GROUP that carry a sales charge.

Other policies that affect your sales charge:

o IDS Tax-Free Money Fund and Class A shares of IDS Cash
Management Fund do not carry sales charges. However, you may count
investments in these funds if you acquired shares in them by
exchanging shares from IDS funds that carry sales charges.

o IRA purchases or other employee benefit plan purchases made
through a payroll deduction plan or through a plan sponsored by an
employer, association of employers, employee organization or other
similar entity, may be added together to reduce sales charges for
all shares purchased through that plan.

o If you intend to invest $1 million over a period of 13 months,
you can reduce the sales charges in Class A by filing a letter of
intent.

For more details, see the SAI.

Waivers of the sales charge for Class A shares

Sales charges do not apply to:

o Current or retired trustees, directors, officers or employees of
the Fund or AEFC or its subsidiaries, their spouses and unmarried
children under 21.

o Current or retired American Express financial advisors, their
spouses and unmarried children under 21.

o Qualified employee benefit plans* using a daily transfer
recordkeeping system offering participants daily access to IDS
funds.

(Participants in certain qualified plans for which the initial
sales charge is waived may be subject to a deferred sales charge of
up to 4% on certain redemptions. For more information, see the
SAI.)

o Shareholders who have at least $1 million invested in funds of
the IDS MUTUAL FUND GROUP. If the investment is redeemed in the
first year after purchase, a CDSC of 1% will be charged on the
redemption.<PAGE>
PAGE 24
o Purchases made within 30 days after a redemption of shares (up
to the amount redeemed):

- of a product distributed by American Express Financial
Advisors in a qualified plan subject to a deferred sales
charge or

- in a qualified plan where American Express Trust Company has a
recordkeeping, trustee, investment management or investment
servicing relationship.

Send the Fund a written request along with your payment, indicating
the amount of the redemption and the date on which it occurred.

o Purchases made with dividend or capital gain distributions from
another fund in the IDS MUTUAL FUND GROUP that has a sales charge.

o Purchases made through American Express Strategic Portfolio
Service (total amount of all investments made in the Strategic
Portfolio Service must be at least $50,000).

o Purchases made under the University of Texas System ORP.

*Eligibility must be determined in advance by American Express
Financial Advisors. To do so, contact your financial advisor.

Class B - contingent deferred sales charge alternative

Where a CDSC is imposed on a redemption, it is based on the amount
of the redemption and the number of calendar years, including the
year of purchase, between purchase and redemption. The following
table shows the declining scale of percentages that apply to
redemptions during each year after a purchase:

If a redemption is The percentage rate
made during the for the CDSC is:

First year 5%

Second year 4%

Third year 4%

Fourth year 3%

Fifth year 2%

Sixth year 1%

Seventh year 0%

If the amount you are redeeming reduces the current net asset value
of your investment in Class B shares below the total dollar amount
of all your purchase payments during the last six years (including
the year in which your redemption is made), the CDSC is based on
the lower of the redeemed purchase payments or market value.
<PAGE>
PAGE 25
The following example illustrates how the CDSC is applied. Assume
you had invested $10,000 in Class B shares and that your investment
had appreciated in value to $12,000 after 15 months, including
reinvested dividend and capital gain distributions. You could
redeem any amount up to $2,000 without paying a CDSC ($12,000
current value less $10,000 purchase amount). If you redeemed
$2,500, the CDSC would apply only to the $500 that represented part
of your original purchase price. The CDSC rate would be 4% because
a redemption after 15 months would take place during the second
year after purchase.

Because the CDSC is imposed only on redemptions that reduce the
total of your purchase payments, you never have to pay a CDSC on
any amount you redeem that represents appreciation in the value of
your shares, income earned by your shares or capital gains. In
addition, when determining the rate of any CDSC, your redemption
will be made from the oldest purchase payment you made. Of course,
once a purchase payment is considered to have been redeemed, the
next amount redeemed is the next oldest purchase payment. By
redeeming the oldest purchase payments first, lower CDSCs are
imposed than would otherwise be the case.

Waivers of the contingent deferred sales charge
The CDSC on Class B shares will be waived on redemptions of shares:

o In the event of the shareholder's death,

o Purchased by any trustee, director, officer or employee of a fund
or AEFC or its subsidiaries,

o Held in a trusteed employee benefit plan,

o Held in IRAs or certain qualified plans for which American
Express Trust Company acts as custodian, such as Keogh plans,
tax-sheltered custodial accounts or corporate pension plans,
provided that the shareholder is:

- at least 59-1/2 years old, and

- taking a retirement distribution (if the redemption is part of
a transfer to an IRA or qualified plan in a product distributed
by American Express Financial Advisors, or a custodian-to-
custodian transfer to a product not distributed
by American Express Financial Advisors, the CDSC will not be
waived), or

- redeeming under an approved substantially equal periodic
payment arrangement.

For investors in Class A shares who have over $1 million invested
in one year, the 1% CDSC on redemption of those shares will be
waived in the same circumstances described for Class B.
<PAGE>
PAGE 26
Special shareholder services

Services

To help you track and evaluate the performance of your investments,
AEFC provides these services:

Quarterly statements listing all of your holdings and transactions
during the previous three months.

Yearly tax statements featuring average-cost-basis reporting of
capital gains or losses if you redeem your shares along with
distribution information - which simplifies tax calculations.

A personalized mutual fund progress report detailing returns on
your initial investment and cash-flow activity in your account. It
calculates a total return to reflect your individual history in
owning Fund shares. This report is available from your financial
advisor.

Quick telephone reference

American Express Telephone Transaction Service
Redemptions and exchanges, dividend payments or reinvestments and
automatic payment arrangements
National/Minnesota: 800-437-3133
Mpls./St. Paul area: 671-3800

American Express Shareholder Service
Fund performance, objectives and account inquiries
612-671-3733

TTY Service
For the hearing impaired
800-846-4852

American Express Infoline
Automated account information (TouchToneR phones only), including
current Fund prices and performance, account values and recent
account transactions
National/Minnesota: 800-272-4445
Mpls./St. Paul area: 671-1630

Distributions and taxes

As a shareholder you are entitled to your share of the Fund's net
income and any net gains realized on its investments. The Fund
distributes dividends and capital gain distributions to qualify as
a regulated investment company and to avoid paying corporate income
and excise taxes. Dividend and capital gains distributions will
have tax consequences you should know about.

Dividend and capital gain distributions

The Fund's income from dividends and interest, and any net realized
short-term gain, are distributed to you at the end of each calendar
quarter as dividends. The Fund realizes long-term capital gains<PAGE>
PAGE 27
whenever it sells securities held for more than one year for a
higher price than it paid for them. Net realized long-term capital
gains, if any, are distributed at the end of the calendar year as
capital gain distributions. Before they're distributed, both net
investment income and net long-term capital gains are included in
the value of each share. After they're distributed, the value of
each share drops by the per-share amount of the distribution. (If
your distributions are reinvested, the total value of your holdings
will not change.)

Dividends for each class will be calculated at the same time, in
the same manner and will be the same amount prior to deduction of
expenses. Expenses attributable solely to a class will be paid
exclusively by that class. Class B shareholders will receive lower
per share dividends than Class A and Class Y shareholders because
expenses for Class B are higher than for Class A or Class Y. Class
A shareholders will receive lower per share dividends than Class Y
shareholders because expenses for Class A are higher than for Class
Y.

Reinvestments

Dividends and capital gain distributions are automatically
reinvested in additional shares in the same class of the Fund,
unless:

o you request the Fund in writing or by phone to pay distributions
to you in cash, or

The reinvestment price is the net asset value at close of business
on the day the distribution is paid. (Your quarterly statement
will confirm the amount invested and the number of shares
purchased.)

If you choose cash distributions, you will receive only those
declared after your request has been processed.

If the U.S. Postal Service cannot deliver the checks for the cash
distributions, we will reinvest the checks into your account at the
then-current net asset value and make future distributions in the
form of additional shares.

Taxes

Distributions are subject to federal income tax and also may be
subject to state and local taxes. Distributions are taxable in the
year the Fund declares them regardless of whether you take them in
cash or reinvest them.

Income received by the Fund may be subject to foreign tax and
withholding. Tax conventions between certain countries and the
U.S. may reduce or eliminate such taxes. You may be entitled to<PAGE>
PAGE 28
claim foreign tax credits or deductions subject to provisions and
limitations of the Internal Revenue Code. The Fund will notify you
if such credit or deduction is available.

Each January, you will receive a tax statement showing the kinds
and total amount of all distributions you received during the
previous year. You must report distributions on your tax returns,
even if they are reinvested in additional shares.

Buying a dividend creates a tax liability. This means buying
shares shortly before a capital gain distribution. You pay the
full pre-distribution price for the shares, then receive a portion
of your investment back as a distribution, which is taxable.

Redemptions and exchanges subject you to a tax on any capital gain.
If you sell shares for more than their cost, the difference is a
capital gain. Your gain may be either short term (for shares held
for one year or less) or long term (for shares held for more than
one year).

Your Taxpayer Identification Number (TIN) is important. As with
any financial account you open, you must list your current and
correct Taxpayer Identification Number (TIN) -- either your Social
Security or Employer Identification number. The TIN must be
certified under penalties of perjury on your application when you
open an account at AEFC.

If you don't provide the TIN, or the TIN you report is incorrect,
you could be subject to backup withholding of 31% of taxable
distributions and proceeds from certain sales and exchanges. You
also could be subject to further penalties, such as:

o a $50 penalty for each failure to supply your correct TIN

o a civil penalty of $500 if you make a false statement that
results in no backup withholding

o criminal penalties for falsifying information

You also could be subject to backup withholding because you failed
to report interest or dividends on your tax return as required.

How to determine the correct TIN

For this type of account: Use the Social Security or
Employer Identification number
of:

Individual or joint account The individual or individuals
listed on the account

Custodian account of a minor The minor
(Uniform Gifts/Transfers to
Minors Act)
<PAGE>
PAGE 29
A living trust The grantor-trustee (the person
who puts the money into the
trust)

An irrevocable trust, pension The legal entity (not the
trust or estate personal representative or
trustee, unless no legal entity
is designated in the account
title)

Sole proprietorship The owner

Partnership The partnership

Corporate The corporation

Association, club or The organization
tax-exempt organization

For details on TIN requirements, ask your financial advisor or
local American Express Financial Advisors office for Federal Form
W-9, "Request for Taxpayer Identification Number and
Certification."

Important: This information is a brief and selective summary of
certain federal tax rules that apply to this Fund. Tax matters are
highly individual and complex, and you should consult a qualified
tax advisor about your personal situation.

How the Fund is organized

IDS Global Series, Inc., of which IDS Global Bond Fund is a part,
is an open-end management company, as defined in the Investment
Company Act of 1940. It was incorporated on Oct. 28, 1988 in
Minnesota. The Fund headquarters are at 901 S. Marquette Ave.,
Suite 2810, Minneapolis, MN 55402-3268.

IDS Global Series, Inc. currently is composed of two funds, each
issuing its own series of capital stock: IDS Global Bond Fund and
IDS Global Growth Fund. Each fund is owned by its shareholders.
Each fund issues shares in three classes - Class A, Class B and
Class Y. Each class has different sales arrangements and bears
different expenses. Each class represents interests in the assets
of a fund. Par value is 1 cent per share. Both full and
fractional shares can be issued.

The shares of each fund making up IDS Global Series, Inc. represent
an interest in that fund's assets only (and profits or losses),
and, in the event of liquidation, each share of a fund would have
the same rights to dividends and assets as every other share of
that fund.
<PAGE>
PAGE 30
Voting rights

As a shareholder, you have voting rights over the Fund's management
and fundamental policies. You are entitled to one vote for each
share you own. Shares of the Fund have cumulative voting rights.
Each class has exclusive voting rights with respect to the
provisions of the Fund's distribution plan that pertain to a
particular class and other matters for which separate class voting
is appropriate under applicable law.

Shareholder meetings

The Fund does not hold annual shareholder meetings. However, the
directors may call meetings at their discretion, or on demand by
holders of 10% or more of the outstanding shares, to elect or
remove directors.

Special considerations regarding master/feeder structure

An investor in the Fund should be aware that, subject to certain
contingencies, the Fund intends to achieve its investment objective
in early 1996 by investing its assets in the Portfolio of the
Trust, which has an identical investment objective to the Fund.
This arrangement is commonly known as a master/feeder structure.
The Trust is a separate investment company. Therefore, the Fund's
interest in securities owned by the Portfolio will be indirect.
The board has considered the advantages and disadvantages of
investing the assets of the Fund in the Portfolio. The board
believes that this approach offers opportunities for economies of
scale. In determining to convert to a master/feeder structure, the
board considered whether the aggregate of the fees of the Fund and
the Portfolio will be more or less than if the Fund invested
directly in the securities to be held by the Portfolio. The board
negotiated certain expense reimbursement arrangements with AEFC to
mitigate the impact of increases in aggregate costs, and believes
that any additional costs not covered by such arrangements will be
outweighed by the anticipated benefits to the Fund and its
shareholders of conversion to a master/feeder structure.

The investment objective, policies and restrictions of the
Portfolio are described under the captions "Investment policies and
risks" and "Facts about investments and their risks."

To date, AEFC has sponsored and advised only traditionally
structured funds that invest directly in a portfolio of securities
and retain their own investment manager. Funds that invest all
their assets in interests in a separate investment company are a
relatively new development in the mutual fund industry and may be
subject to additional regulations and risks.

In addition to selling units to the Fund, the Portfolio may sell
units to other affiliated and non-affiliated mutual funds and to
institutional investors. Such investors will invest in the
Portfolio on the same terms and conditions and will pay a
proportionate share of the Portfolio's expenses. However, the
other investors investing in the Portfolio are not required to sell
their shares at the same price as the Fund due to variations in
sales commissions and other operating expenses. Therefore,<PAGE>
PAGE 31
investors in the Fund should be aware that these differences may
result in differences in returns experienced by investors in the
different funds that invest in the same Portfolio.

The Fund may withdraw (completely redeem) all its assets from the
Portfolio at any time if the board determines that it is in the
best interest of the Fund to do so. In the event the Fund
withdraws all of its assets from the Portfolio, the board would
consider what action might be taken, including investing all assets
of the Fund in another pooled investment entity or retaining an
investment advisor to manage the Fund's assets in accordance with
its investment objective. The investment objective of the Fund and
its Portfolio can only be changed with shareholder approval. If
the objective of the Portfolio changes and shareholders of the Fund
do not approve a parallel change in the Fund's investment
objective, the Fund would seek an alternative investment vehicle
for the Fund or retain an investment advisor on its behalf.

Wherever the Fund, as an investor in the Portfolio, is requested to
vote on matters pertaining to the Portfolio, the Fund will hold a
meeting of Fund shareholders. The Fund will vote its units in the
Portfolio for or against such matters proportionately to the
instructions to vote for or against such matters received from Fund
shareholders. The Fund will vote shares for which it receives no
voting instructions in the same proportion as the shares for which
<PAGE>
PAGE 32
it receives voting instructions. See "Investment manager and
transfer agent" for a complete description of the management and
other expenses associated with the Fund's investment in the
Portfolio.

Directors and officers

Shareholders elect a board of directors that oversees the
operations of the Fund and chooses its officers. Its officers are
responsible for day-to-day business decisions based on policies set
by the board. The board has named an executive committee that has
authority to act on its behalf between meetings. The directors
also serve on the boards of all of the other funds in the IDS
MUTUAL FUND GROUP, except for Mr. Dudley, who is a director of all
publicly offered funds.

Directors and officers of the Fund

President and interested director

William R. Pearce
President of all funds in the IDS MUTUAL FUND GROUP.

Independent directors

Lynne V. Cheney
Distinguished fellow, American Enterprise Institute for Public
Policy Research.

Robert F. Froehlke
Former president of all funds in the IDS MUTUAL FUND GROUP.

Heinz F. Hutter
Former president and chief operating officer, Cargill, Inc.

Anne P. Jones
Attorney and telecommunications consultant.

Donald M. Kendall
Former chairman and chief executive officer, PepsiCo, Inc.

Melvin R. Laird
Senior counsellor for national and international affairs, The
Reader's Digest Association, Inc.

Lewis W. Lehr
Former chairman and chief executive officer, Minnesota Mining and
Manufacturing Company (3M).

Edson W. Spencer
Former chairman and chief executive officer, Honeywell, Inc.

Wheelock Whitney
Chairman, Whitney Management Company.

C. Angus Wurtele
Chairman of the board and chief executive officer, The Valspar
Corporation.<PAGE>
PAGE 33
Interested directors who are officers and/or employees of AEFC

William H. Dudley
Executive vice president, AEFC.

David R. Hubers
President and chief executive officer, AEFC.

John R. Thomas
Senior vice president, AEFC.

Officers who also are officers and/or employees of AEFC

Peter J. Anderson
Vice president of all funds in the IDS MUTUAL FUND GROUP.

Melinda S. Urion
Treasurer of all funds in the IDS MUTUAL FUND GROUP.

Other officer

Leslie L. Ogg
Vice president, general counsel and secretary of all funds in the
IDS MUTUAL FUND GROUP.

Refer to the SAI for the directors' and officers' biographies.

Investment manager and transfer agent

The Fund pays AEFC for managing its portfolio, providing
administrative services and serving as transfer agent (handling
shareholder accounts).

Under its Investment Management Services Agreement, AEFC determines
which securities will be purchased, held or sold (subject to the
direction and control of the board of directors). Under the
current agreement, effective March 20, 1995, the Fund pays AEFC a
fee for these services based on the average daily net assets of the
Fund, as follows:

Assets Annual rate
(billions) at each asset level

First $0.25 0.770%
Next 0.25 0.745
Next 0.25 0.720
Next 0.25 0.695
Over 1.0 0.670

Upon the implementation of the new fund structure, AEFC will
provide these services to the Portfolio at the same annual rate
currently paid by the Fund.

For the fiscal year ended Oct. 31, 1995, under the current and
prior agreements, the Fund paid AEFC a total investment management
fee of 0.79% of its average daily net assets. Under the Agreement,
the Fund also pays taxes, brokerage commissions and nonadvisory
expenses.
<PAGE>
PAGE 34
Under an Administrative Services Agreement, the Fund pays AEFC for
administration and accounting services at an annual rate of 0.06%
decreasing in gradual percentages to 0.04% as assets increase.

In addition, under a separate Transfer Agency Agreement, AEFC
maintains shareholder accounts and records. The Fund pays AEFC an
annual fee per shareholder account for this service as follows:

o Class A $15.50

o Class B $16.50

o Class Y $15.50

Distributor

The Fund has an exclusive distribution agreement with American
Express Financial Advisors, a wholly owned subsidiary of AEFC.
Financial advisors representing American Express Financial Advisors
provide information to investors about individual investment
programs, the Fund and its operations, new account applications and
exchange and redemption requests. The costs of these services is
paid partially by the Fund's sales charges.

Persons who buy Class A shares pay a sales charge at the time of
purchase. Prior to March 20, 1995, the date when the Fund began
offering more than one class of shares, the Fund paid an account-
based distribution fee. That fee is part of Class A's total
expenses (shown below) and was 0.02% of an average daily net assets
for the fiscal year ended Oct. 31, 1995. Persons who buy Class B
shares are subject to a contingent deferred sales charge on a
redemption in the first six years and pay an asset-based sales
charge (also known as a 12b-1 plan) of 0.75% of the Fund's average
daily net assets. For the fiscal year ended Oct. 31, 1995, the
asset-based sales charge paid by Class B shareholders was 0.75% of
the average daily net assets. Class Y shares are sold without a
sales charge and without an asset-based sales charge.

Financial advisors may receive different compensation for selling
Class A, Class B and Class Y shares. Portions of the sales charge
also may be paid to securities dealers who have sold the Fund's
shares or to banks and other financial institutions. The amounts
of those payments range from 0.8% to 4.0% of the Fund's offering
price depending on the monthly sales volume.

Under a Shareholder Service Agreement, the Fund also pays a fee for
service provided to shareholders by financial advisors and other
servicing agents. The fee is calculated at a rate of 0.175% of the
Fund's average daily net assets attributable to Class A and Class B
shares.

Total expenses paid by the Fund's Class A shares for the fiscal
year ended Oct. 31, 1995, restated to reflect current agreements,
were 1.28% of its average daily net assets. Annualized expenses
for Class B and Class Y were 2.05% and 1.10%, respectively, based
on the period from March 20, 1995 (the inception date for Class B
and Class Y) to Oct. 31, 1995. <PAGE>
PAGE 35
Total fees and expenses (excluding taxes and brokerage commissions)
cannot exceed the most restrictive applicable state expense
limitation.

The expense ratio of the Fund may be higher than that of a fund
investing exclusively in domestic securities because the expenses
of the Fund, such as the investment management fee and the
custodial costs, are higher. The expense ratio generally is not
higher, however, than that of funds with similar investment goals
and policies.

About American Express Financial Corporation

General information

The AEFC family of companies offers not only mutual funds but also
insurance, annuities, investment certificates and a broad range of
financial management services.

Besides managing investments for all publicly offered funds in the
IDS MUTUAL FUND GROUP, AEFC also manages investments for itself and
its subsidiaries, IDS Certificate Company and IDS Life Insurance
Company. Total assets under management on Oct. 31, 1995 were more
than $124 billion.

American Express Financial Advisors serves individuals and
businesses through its nationwide network of more than 175 offices
and more than 7,800 advisors.

Other AEFC subsidiaries provide investment management and related
services for pension, profit sharing, employee savings and
endowment funds of businesses and institutions.

AEFC is located at IDS Tower 10, Minneapolis, MN 55440-0010. It is
a wholly owned subsidiary of American Express Company (American
Express), a financial services company with headquarters at
American Express Tower, World Financial Center, New York, NY 10285.
The Fund may pay brokerage commissions to broker-dealer affiliates
of American Express and AEFC.

<PAGE>
PAGE 36
Appendix A

Description of corporate bond ratings

Bond ratings concern the quality of the issuing corporation. They
are not an opinion of the market value of the security. Such
ratings are opinions on whether the principal and interest will be
repaid when due. A security's rating may change, which could
affect its price. Ratings by Moody's Investors Service, Inc. are
Aaa, Aa, A, Baa, Ba, B, Caa, Ca and C. Ratings by Standard &
Poor's Corporation are AAA, AA, A, BBB, BB, B, CCC, CC, C and D.
The following is a compilation of the two agencies' rating
descriptions. For further information, see the SAI.

Aaa/AAA - Judged to be of the best quality and carry the smallest
degree of investment risk. Interest and principal are secure.

Aa/AA - Judged to be high-grade although margins of protection for
interest and principal may not be quite as good as Aaa or AAA rated
securities.

A - Considered upper-medium grade. Protection for interest and
principal is deemed adequate but may be susceptible to future
impairment.

Baa/BBB - Considered medium-grade obligations. Protection for
interest and principal is adequate over the short-term; however,
these obligations may have certain speculative characteristics.

Ba/BB - Considered to have speculative elements. The protection of
interest and principal payments may be very moderate.

B - Lack characteristics of more desirable investments. There may
be small assurance over any long period of time of the payment of
interest and principal.

Caa/CCC - Are of poor standing. Such issues may be in default or
there may be risk with respect to principal or interest.

Ca/CC - Represent obligations that are highly speculative. Such
issues are often in default or have other marked shortcomings.

C - Are obligations with a higher degree of speculation. These
securities have major risk exposures to default.

D - Are in payment default. The D rating is used when interest
payments or principal payments are not made on the due date.

Non-rated securities will be considered for investment when they
possess a risk comparable to that of rated securities consistent
with the Fund's objectives and policies. When assessing the risk
involved in each non-rated security, the Fund will consider the
financial condition of the issuer or the protection afforded by the
terms of the security.
<PAGE>
PAGE 37
Definitions of zero-coupon and pay-in-kind securities

A zero-coupon security is a security that is sold at a deep
discount from its face value and makes no periodic interest
payments. The buyer of such a security receives a rate of return
by gradual appreciation of the security, which is redeemed at face
value on the maturity date.

A pay-in-kind security is a security in which the issuer has the
option to make interest payments in cash or in additional
securities. The securities issued as interest usually have the
same terms, including maturity date, as the pay-in-kind securities.
<PAGE>
PAGE 38
Appendix B

Descriptions of derivative instruments

What follows are brief descriptions of derivative instruments the
Fund may use. At various times the Fund may use some or all of
these instruments and is not limited to these instruments. It may
use other similar types of instruments if they are consistent with
the Fund's investment goal and policies. For more information on
these instruments, see the SAI.

Options and futures contracts. An option is an agreement to buy or
sell an instrument at a set price during a certain period of time.
A futures contract is an agreement to buy and sell an instrument
for a set price on a future date. The Fund may buy and sell
options and futures contracts to manage its exposure to changing
interest rates, security prices and currency exchange rates.
Options and futures may be used to hedge the Fund's investments
against price fluctuations or to increase market exposure.

Asset-backed and mortgage-backed securities. Asset-backed
securities include interests in pools of assets such as motor
vehicle installment sale contracts, installment loan contracts,
leases on various types of real and personal property, receivables
from revolving credit (credit card) agreements or other categories
of receivables. Mortgage-backed securities include collateralized
mortgage obligations and stripped mortgage-backed securities.
Interest and principal payments depend on payment of the underlying
loans or mortgages. The value of these securities may also be
affected by changes in interest rates, the market's perception of
the issuers and the creditworthiness of the parties involved. The
non-mortgage related asset-backed securities do not have the
benefit of a security interest in the related collateral. Stripped
mortgage-backed securities include interest only (IO) and principal
only (PO) securities. Cash flows and yields on IOs and POs are
extremely sensitive to the rate of principal payments on the
underlying mortgage loans or mortgage-backed securities.

Indexed securities. The value of indexed securities is linked to
currencies, interest rates, commodities, indexes or other financial
indicators. Most indexed securities are short- to intermediate-
term fixed income securities whose values at maturity or interest
rates rise or fall according to the change in one or more specified
underlying instruments. Indexed securities may be more volatile
than the underlying instrument itself.

Inverse floaters. Inverse floaters are created by underwriters
using the interest payment on securities. A portion of the
interest received is paid to holders of instruments based on
current interest rates for short-term securities. The remainder,
minus a servicing fee, is paid to holders of inverse floaters. As
interest rates go down, the holders of the inverse floaters receive
more income and an increase in the price for the inverse floaters.
<PAGE>
PAGE 39
As interest rates go up, the holders of the inverse floaters
receive less income and a decrease in the price for the inverse
floaters.

Structured products. Structured products are over-the-counter
financial instruments created specifically to meet the needs of one
or a small number of investors. The instrument may consist of a
warrant, an option or a forward contract embedded in a note or any
of a wide variety of debt, equity and/or currency combinations.
Risks of structured products include the inability to close such
instruments, rapid changes in the market and defaults by other
parties.
<PAGE>
PAGE 40
IDS Global Growth Fund

Prospectus
Dec. 29, 1995

The goal of IDS Global Growth Fund, a part of IDS Global Series,
Inc., is long-term growth of capital. The Fund invests primarily
in common stocks and securities convertible into common stocks of
companies throughout the world.

This prospectus contains facts that can help you decide if the Fund
is the right investment for you. Read it before you invest and
keep it for future reference.

SHARES IN THE FUND ARE NOT DEPOSITS OR OBLIGATIONS OF, OR
GUARANTEED OR ENDORSED BY, ANY BANK, AND SHARES ARE NOT FEDERALLY
INSURED BY THE FEDERAL DEPOSIT INSURANCE CORPORATION, THE FEDERAL
RESERVE BOARD OR ANY OTHER AGENCY. INVESTMENTS IN THE FUND INVOLVE
INVESTMENT RISK INCLUDING POSSIBLE LOSS OF PRINCIPAL.

American Express Shareholder Service
P.O. Box 534
Minneapolis, MN
55440-0534
612-671-3733
TTY: 800-846-4852
<PAGE>
PAGE 41

The Fund in brief
Goal
Types of Fund investments and their risks
Proposed conversion to master/feeder structure
Manager and distributor
Portfolio manager
Alternative purchase arrangements

Sales charge and Fund expenses

Performance
Financial highlights
Total returns

Investment policies and risks
Facts about investments and their risks
Valuing Fund shares

How to purchase, exchange or redeem shares
Alternative purchase arrangements
How to purchase shares
How to exchange shares
How to redeem shares
Reductions and waivers of the sales charge

Special shareholder services
Services
Quick telephone reference

Distributions and taxes
Dividend and capital gain distributions
Reinvestments
Taxes
How to determine the correct TIN

How the Fund is organized
Shares
Voting rights
Shareholder meetings
Special considerations regarding master/feeder structure
Directors and officers
Investment manager and transfer agent
Distributor

About American Express Financial Corporation
General information

Appendix

Descriptions of derivative instruments
<PAGE>
PAGE 42
The Fund in brief

Goal

IDS Global Growth Fund (the Fund) seeks to provide shareholders
with long-term growth of capital. Because any investment involves
risk, achieving this goal cannot be guaranteed. Only shareholders
can change the goal.

Types of Fund investments and their risks

The Fund is a diversified mutual fund that invests primarily in
equity securities of companies throughout the world. The Fund also
invests in debt securities, derivative instruments and money market
instruments.

Proposed conversion to master/feeder structure

Subject to certain contingencies, the Fund intends to invest all of
its assets in the World Growth Portfolio (the Portfolio) of World
Trust (the Trust) rather than directly investing in and managing
its own portfolio of securities. The Portfolio will have the same
investment objective as the Fund. The Fund anticipates this
conversion will occur in early 1996.

Manager and distributor

Portfolio manager

Richard Lazarchic joined AEFC in 1979 and serves as portfolio
manager. He has managed this Fund since July 1995. He also has
served as portfolio manager of IDS Managed Retirement since 1993.
He was portfolio manager of IDS Utilities Income Fund from 1989 to
1993 and IDS Diversified Equity Income Fund from 1990 to 1994.

Alternative purchase arrangements

The Fund offers its shares in three classes. Class A shares are
subject to a sales charge at the time of purchase. Class B shares
are subject to a contingent deferred sales charge (CDSC) on<PAGE>
PAGE 43
redemptions made within six years of purchase and an annual
distribution (12b-1) fee. Class Y shares are sold without a sales
charge to qualifying institutional investors.

Sales charge and Fund expenses

Shareholder transaction expenses
Class A Class B Class Y
Maximum sales charge on purchases*
(as a percentage of offering price).......5% 0% 0%
Maximum deferred sales charge
imposed on redemptions (as a
percentage of original purchase price)....0% 5% 0%

Annual Fund operating expenses**
(% of average daily net assets):

Class A Class B Class Y
Management fee 0.78% 0.78% 0.78%
12b-1 fee 0.00% 0.75% 0.00%
Other expenses*** 0.62% 0.63% 0.42%
Total 1.40% 2.16% 1.20%

*This charge may be reduced depending on your total investments in
IDS funds. See "Reductions of the sales charge."

**Expenses for Class A are based on actual expenses for the last
fiscal year, restated to reflect current fees. Expenses for Class
B and Class Y are based on actual annualized expenses for the
period from March 20, 1995 to Oct. 31, 1995.

***Other expenses include an administrative services fee, a
shareholder services fee for Class A and Class B, a transfer agency
fee and other non-advisory expenses.

1 year 3 years 5 years 10 years
Class A $64 $ 92 $123 $210
Class B $72 $108 $136 $230**
Class B* $22 $ 68 $116 $230**
Class Y $12 $ 38 $ 66 $145
<PAGE>
PAGE 44
*Assuming Class B shares are not redeemed at the end of the period.
**Based on conversion of Class B shares to Class A shares after
eight years.

Performance
Financial highlights
Fiscal period ended Oct. 31,
Per share income and capital changes*
Class A
1995 1994 1993 1992 1991 1990**
<S> <C> <C> <C> <C> <C> <C>
Net asset value, $6.96 $6.30 $4.92 $5.03 $4.67 $5.00
beginning of period
Income from investment operations:
Net investment income .10 .04 .02 .04 .08 .04

Net gains (losses) (.59) .73 1.43 (.11) .36 (.37)
(both realized
and unrealized)

Total from investment (.49) .77 1.45 (.07) .44 (.33)
operations
Less distributions:
Dividends from net (.05) (.02) (.03) (.04) (.08) --
investment income

Distributions from (.05) (.09) (.03) -- -- --
realized gains

Excess distribution of -- -- (.01) -- -- --
realized gains

Total distributions (.10) (.11) (.07) (.04) (.08) --

Net asset value, $6.37 $6.96 $6.30 $4.92 $5.03 $4.67
end of period
Ratios/supplemental data
1995 1994 1993 1992 1991 1990**

Net assets, end of $659 $670 $244 $69 $38 $21
period (in millions)

Ratio of expenses to 1.39% 1.38% 1.51% 1.72% 1.70% .81%
average daily net assets

Ratio of net income 1.59% .85% .80% 1.16% 1.66% 2.99%+
to average
daily net assets

Portfolio turnover rate 90% 26% 27% 41% 33% 20%
(excluding short-term
securities)

Total return++ (7.0%) 12.1% 29.9% (1.5%) 9.8% (6.7%)

*For a share outstanding throughout the period. Rounded to the nearest cent.
**Inception date. Period from May 29, 1990 to Oct. 31, 1990.
+Adjusted to an annual basis.
++Total return does not reflect payment of a sales charge.
/TABLE
<PAGE>
PAGE 45
<TABLE>
<CAPTION>
IDS Global Growth Fund

Performance
Financial highlights

Fiscal period ended Oct. 31,
Per share income and capital changes*
Class B** Class Y**
1995 1995
<S> <C> <C>
Net asset value, $5.82 $5.82
beginning of period
Income from investment operations:
Net investment income .02 .06

Net gains .50 .50
(both realized
and unrealized)

Total from investment .52 .56
operations
Less distributions:
Dividends from net -- --
investment income

Net asset value, $6.34 $6.38
end of period
Ratios/supplemental data

1995 1995

Net assets, end of $21 $24
period (in millions)

Ratio of expenses to 2.16%+ 1.20%+
average daily net assets

Ratio of net income .85%+ 2.37%+
to average
daily net assets

Portfolio turnover rate 90% 90%
(excluding short-term
securities)

Total return*** 8.9% 9.6%
*For a share outstanding throughout the period. Rounded to the nearest cent.
**Inception date was March 20, 1995 for Class B and Class Y.
***Total return does not reflect payment of a sales charge.
+Adjusted to an annual basis.
</TABLE>

Total returns

Purchase 1 year 5 years Since
made ago ago inception*
Global Growth:
Class A -11.65% +6.83% +4.93%

EAFE Index -0.05% +7.47% +4.88%

Lipper
International
Fund Index -0.07% +8.59% +6.12%

*May 29, 1990

Cumulative total returns as of Oct. 31, 1995

Purchase 1 year 5 years Since
made ago ago inception*
Global Growth:
Class A -11.65% +39.14% +29.85%

EAFE Index - 0.05% +43.38% +29.44%

Lipper
International
Fund Index - 0.07% +50.98% +38.04%

*May 29, 1990

These examples show total returns from hypothetical investments in
Class A shares of the Fund. These returns are compared to those of
popular indexes for the same periods. Total returns for Class A,
Class B and Class Y for the period from March 20, 1995 to Oct. 31,
1995 were +4.10%, +4.04% and 9.66%, respectively. March 20, 1995
was the inception date for Class B and Class Y. Total return for
Class A is shown for comparative purposes. The performance of
Class B and Class Y will vary from the performance of Class A based
on differences in sales charges and fees. Past performance for
Class Y for the periods prior to March 20, 1995 may be calculated
based on the performance of Class A, adjusted to reflect
differences in sales charges although not other differences in
expenses.

For purposes of calculation, information about the Fund assumes:
o a sales charge of 5% for Class A shares
o redemption at the end of the period and deduction of the
applicable contingent deferred sales charge for Class B shares
o no sales charge for Class Y shares
o no adjustments for taxes an investor may have paid on the
reinvested income and capital gains
o a period of widely fluctuating securities prices. Returns
shown should not be considered a representation of the Fund's
future performance.

<PAGE>
PAGE 47
The Morgan Stanley Capital International EAFE Index (EAFE Index),
compiled from a composite of securities markets of Europe,
Australia and the Far East, is widely recognized by investors in
foreign markets as the measurement index for portfolios of non-
North American securities.

Lipper International Fund Index, published by Lipper Analytical
Services, Inc., includes 10 funds that are generally similar to the
Fund, although some funds in the index may have somewhat different
investment policies or objectives.

The indexes reflect reinvestment of all distributions and changes
in market prices, but exclude brokerage commissions or other fees.

Investment policies and risks

The Fund invests primarily in common stocks and securities
convertible into common stocks of companies located both in
developed and emerging countries. Generally, these companies will
have over $200 million in market capitalization and, under normal
market conditions, at least 65% of the Fund's total assets will be
invested in the common stocks and convertible securities of
companies in at least three different countries.

The Fund also invests in preferred stocks, debt securities,
derivative instruments and money market instruments.

The various types of investments the portfolio manager uses to
achieve investment performance are described in more detail in the
next section and in the SAI.

Facts about investments and their risks

Common stocks: Stock prices are subject to market fluctuations.
Stocks of foreign companies may be subject to more abrupt or
erratic price movements. While most of the Fund's investments are
in established companies having adequate financial reserves, some
investments involve substantial risk and may be considered
speculative.

Preferred stocks: If a company earns a profit, it generally must
pay its preferred stockholders a dividend at a pre-established
rate.

<PAGE>
PAGE 48
Convertible securities: These securities generally are preferred
stocks or bonds that can be exchanged for other securities, usually
common stock, at prestated prices. When the trading price of the
common stock makes the exchange likely, the convertible securities
trade more like common stock.

Debt securities: The price of bonds generally falls as interest
rates increase, and rises as interest rates decrease. The price of
bonds also fluctuates if the credit rating is upgraded or
downgraded. The Fund may invest up to 20% of its net assets in
investment-grade bonds. Investment-grade bonds carry Standard &
Poor's ratings of AAA, AA, A or BBB or Moody's Investors Services,
Inc. ratings of Aaa, Aa, A or Baa. Agency ratings are opinions on
whether principal and interest will be repaid when due. Unrated
bonds may be purchased when the investment manager believes such
bonds have investment-grade quality. Securities that are
subsequently downgraded in quality may continue to be held by the
Fund and will be sold only when the Fund's investment manager
believes it is advantageous to do so.

Derivative instruments: The portfolio manager may use derivative
instruments in addition to securities to achieve investment
performance. Derivative instruments include futures, options and
forward contracts. Such instruments may be used to maintain cash
reserves while remaining fully invested, to offset anticipated
declines in values of investments, to facilitate trading, to reduce
transaction costs or to pursue higher investment returns.
Derivative instruments are characterized by requiring little or no
initial payment and a daily change in price based on or derived
from a security, a currency, a group of securities or currencies,
or an index. A number of strategies or combination of instruments
can be used to achieve the desired investment performance
characteristics. A small change in the value of the underlying
security, currency or index will cause a sizable gain or loss in <PAGE>
PAGE 49
the price of the derivative instrument. Derivative instruments
allow the portfolio manager to change the investment performance
characteristics very quickly and at lower costs. Risks include
losses of premiums, rapid changes in prices, defaults by other
parties and inability to close such instruments. The Fund will use
derivative instruments only to achieve the same investment
performance characteristics it could achieve by directly holding
those securities and currencies permitted under the investment
policies. The Fund will designate cash or appropriate liquid
assets to cover its portfolio obligations. No more than 5% of the
Fund's net assets can be used at any one time for good faith
deposits on futures and premiums for options on futures that do not
offset existing investment positions. The Fund is not limited as
to the percentage of its assets that may be invested in permissible
investments, including derivatives, except as otherwise explicitly
provided in this prospectus of the SAI. For descriptions of these
and other types of derivative instruments, see the Appendix to this
prospectus and the SAI.

The investment policies described above may be changed by the board
of directors.

Valuing Fund shares

The public offering price is the net asset value (NAV) plus the
sales charge for Class A. It is the NAV for Class B and Class Y.

<PAGE>
PAGE 50
The NAV is the value of a single Fund share. The NAV usually
changes daily, and is calculated at the close of business, normally
3 p.m. Central time, each business day (any day the New York Stock
Exchange is open).

To establish the net assets, all securities are valued as of the
close of each business day. In valuing assets:

o Securities (except bonds) and assets with available market
values are valued on that basis.

o Securities maturing in 60 days or less are valued at amortized
cost.

o Bonds and assets without readily available market values are
valued according to methods selected in good faith by the
board of directors.

o Assets and liabilities denominated in foreign currencies are
translated daily into U.S. dollars at a rate of exchange set
as near to the close of the day as practicable.

How to purchase, exchange or redeem shares

Alternative purchase arrangements

Class B No initial sales 0.175% of average Shares convert to
charge; maximum CDSC daily net assets Class A after eight
of 5% declines to 0% years; CDSC waived in
after six years; 12b-1 certain circumstances
fee of 0.75% of average
daily net assets

Class Y None None Available only to
certain qualifying
institutional
investors
</TABLE>
Conversion of Class B shares to Class A shares - Eight calendar
years after Class B shares were originally purchased, Class B
shares will convert to Class A shares and will no longer be subject
to a distribution fee. The conversion will be on the basis of
relative net asset values of the two classes, without the
imposition of any sales charge. Class B shares purchased through <PAGE>
PAGE 51
reinvested dividends and distributions will convert to Class A
shares in a pro rata portion as the Class B shares purchased other
than through reinvestment.

Sales charges on purchase or redemption

If you purchase Class A If you purchase Class B
shares shares

o You will be able to o No reductions of the
take advantage of sales charge are
reductions in the sales available for large
charge. purchases.

Ongoing expenses

If you purchase Class A If you purchase Class B
shares shares

<PAGE>
PAGE 52
You should consider how long you plan to hold your shares and
whether the accumulated higher fees and CDSC on Class B shares
prior to conversion would be less than the initial sales charge on
Class A shares. Also consider to what extent the difference would
be offset by the lower expenses on Class A shares. To help you in
this analysis, the example in the "Sales charge and Fund expenses"
section of the prospectus illustrates the charges applicable to
each class of shares.

o Qualified employee benefit plans* if the plan:
- uses a daily transfer recordkeeping service offering
participants daily access to IDS funds and has
- at least $10 million in plan assets or
- 500 or more participants; or
- does not use daily transfer recordkeeping and has
- at least $3 million invested in funds of the IDS MUTUAL
FUND GROUP or
- 500 or more participants.

o Trust companies or similar institutions, and charitable
organizations that meet the definition in Section 501(c)(3) of
the Internal Revenue Code.* These must have at least $10
million invested in funds of the IDS MUTUAL FUND GROUP.

o Nonqualified deferred compensation plans* whose participants
are included in a qualified employee benefit plan described
above.

* Eligibility must be determined in advance by American Express
Financial Advisors. To do so, contact your financial advisor.

How to purchase shares

Important: When opening an account, you must provide AEFC with
your correct Taxpayer Identification Number (Social Security or
Employer Identification number). See "Distributions and taxes."

<PAGE>
PAGE 53
Purchase policies:

o Investments must be received and accepted in the Minneapolis
headquarters on a business day before 3 p.m. Central time to
be included in your account that day and to receive that day's
share price. Otherwise your purchase will be processed the
next business day and you will pay the next day's share price.

o The minimums allowed for investment may change from time to
time.

o Wire orders can be accepted only on days when your bank, AEFC,
the Fund and Norwest Bank Minneapolis are open for business.

o Wire purchases are completed when wired payment is received
and the Fund accepts the purchase.

o AEFC and the Fund are not responsible for any delays that
occur in wiring funds, including delays in processing by the
bank.

o You must pay any fee the bank charges for wiring.

o The Fund reserves the right to reject any application for any
reason.

o If your application does not specify which class of shares you
are purchasing, it will be assumed that you are investing in
Class A shares.
<TABLE><CAPTION>
Three ways to invest

1
<S> <C> <C>
By regular account Send your check and application Minimum amounts
(or your name and account number Initial investment: $2,000
if you have an established account) Additional
to: investments: $ 100
American Express Financial Advisors Inc. Account balances: $ 300*
P.O. Box 74 Qualified retirement
Minneapolis, MN 55440-0074 accounts: none

Your financial advisor will help
you with this process.

2
By scheduled Contact your financial advisor Minimum amounts
investment plan to set up one of the following Initial investment: $100
scheduled plans: Additional
investments: $100/mo.
o automatic payroll deduction Account balances: none
(on active plans of
o bank authorization monthly payments)

o direct deposit of
Social Security check

o other plan approved by the Fund

<PAGE>
PAGE 54
3
By wire If you have an established account, If this information is not
you may wire money to: included, the order may be
rejected and all money
Norwest Bank Minneapolis received by the Fund, less
Routing No. 091000019 any costs the Fund or AEFC
Minneapolis, MN incurs, will be returned
Attn: Domestic Wire Dept. promptly.

Give these instructions: Minimum amounts
Credit IDS Account #00-30-015 Each wire investment: $1,000
for personal account # (your
account number) for (your name).

How to redeem shares

You can redeem your shares at any time. American Express
Shareholder Service will mail payment within seven days after
receiving your request.

<PAGE>
PAGE 55
Two ways to request an exchange or redemption of shares

1
<S> <C>
By letter Include in your letter:
o the name of the fund(s)
o the class of shares to be exchanged or redeemed
o your account number(s) (for exchanges, both funds must be registered in the same
ownership)
o your Taxpayer Identification Number (TIN)
o the dollar amount or number of shares you want to exchange or redeem
o signature of all registered account owners
o for redemptions, indicate how you want your money delivered to you
o any paper certificates of shares you hold

Regular mail:
American Express Shareholder Service
Attn: Redemptions
P.O. Box 534
Minneapolis, MN 55440-0534

Express mail:
American Express Shareholder Service
Attn: Redemptions
733 Marquette Ave.
Minneapolis, MN 55402

2
By phone
American Express Telephone o The Fund and AEFC will honor any telephone exchange or redemption request believed to be
Transaction Service: authentic and will use reasonable procedures to confirm that they are. This includes
800-437-3133 or asking identifying questions and tape recording calls. If reasonable procedures are not
612-671-3800 followed, the Fund or AEFC will be liable for any loss resulting from fraudulent requests.
o Phone exchange and redemption privileges automatically apply to all accounts except
custodial, corporate or qualified retirement accounts unless you request these privileges
NOT apply by writing American Express Shareholder Service. Each registered owner must sign
the request.
o AEFC answers phone requests promptly, but you may experience delays when call volume is
high. If you are unable to get through, use mail procedure as an alternative.
o Acting on your instructions, your financial advisor may conduct telephone transactions
on your behalf.
o Phone privileges may be modified or discontinued at any time.

Minimum amount
Redemption: $100

Maximum amount
Redemption: $50,000
</TABLE>
Exchange policies:

o You may make up to three exchanges within any 30-day period,
with each limited to $300,000. These limits do not apply to
scheduled exchange programs and certain employee benefit plans or
other arrangements through which one shareholder represents the
interests of several. Exceptions may be allowed with pre-approval
of the Fund.

o Exchanges must be made into the same class of shares of the new
fund.

o If your exchange creates a new account, it must satisfy the
minimum investment amount for new purchases.

o Once we receive your exchange request, you cannot cancel it.

<PAGE>
PAGE 56
o Shares of the new fund may not be used on the same day for
another exchange.

o If your shares are pledged as collateral, the exchange will be
delayed until written approval is obtained from the secured party.

o AEFC and the Fund reserve the right to reject any exchange,
limit the amount, or modify or discontinue the exchange privilege,
to prevent abuse or adverse effects on the Fund and its
shareholders. For example, if exchanges are too numerous or too
large, they may disrupt the Fund's investment strategies or
increase its costs.

Redemption policies:

o A telephone redemption request will not be allowed within 30
days of a phoned-in address change.

Three ways to receive payment when you redeem shares
<TABLE><CAPTION>

1
<S> <C>
By regular or express mail o Mailed to the address on record.
o Payable to names listed on the account.

NOTE: The express mail delivery charges
you pay will vary depending on the
courier you select.

2
By wire o Minimum wire redemption: $1,000.
o Request that money be wired to your bank.
o Bank account must be in the same
ownership as the IDS fund account.

NOTE: Pre-authorization required. For
instructions, contact your financial
advisor or American Express Shareholder Service.

3
By scheduled payout plan o Minimum payment: $50.
o Contact your financial advisor or American Express
<PAGE>
PAGE 57
Shareholder Service to set up regular
payments to you on a monthly, bimonthly,
quarterly, semiannual or annual basis.
o Purchasing new shares while under a payout
plan may be disadvantageous because of
the sales charges.
</TABLE>
Reductions and waivers of the sales charge

Class A - initial sales charge alternative

On purchases of Class A shares, you pay a 5% sales charge on the
first $50,000 of your total investment and less on investments
after the first $50,000:

Total investment Sales charge as a
percent of:*

Public Net
offering amount
price invested

Up to $50,000 5.0% 5.26%
Next $50,000 4.5 4.71
Next $400,000 3.8 3.95
Next $500,000 2.0 2.04
$1,000,000 or more 0.0 0.00

* To calculate the actual sales charge on an investment greater
than $50,000 and less than $1,000,000, amounts for each applicable
increment must be totaled. See the SAI.

Reductions of the sales charge on Class A shares

Your sales charge may be reduced, depending on the totals of:

o the amount you are investing in this Fund now,

o the amount of your existing investment in this Fund, if any, and

o the amount you and your immediate family (spouse or unmarried
children under 21) are investing or have in other funds in the IDS
MUTUAL FUND GROUP that carry a sales charge.

Other policies that affect your sales charge:

o If you intend to invest $1 million over a period of 13 months,
you can reduce the sales charges in Class A by filing a letter of
intent.

For more details, see the SAI.

Waivers of the sales charge for Class A shares

Sales charges do not apply to:

o Current or retired trustees, directors, officers or employees of
the Fund or AEFC or its subsidiaries, their spouses and unmarried
children under 21.

o Current or retired American Express financial advisors, their
spouses and unmarried children under 21.

o Qualified employee benefit plans* using a daily transfer
recordkeeping system offering participants daily access to IDS
funds.

(Participants in certain qualified plans for which the initial
sales charge is waived may be subject to a deferred sales charge of
up to 4% on certain redemptions. For more information, see the
SAI.)

o Purchases made within 30 days after a redemption of shares (up
to the amount redeemed):
- of a product distributed by American Express Financial
Advisors in a qualified plan subject to a deferred sales
charge or
- in a qualified plan where American Express Trust Company has a
recordkeeping, trustee, investment management or investment
servicing relationship.

Send the Fund a written request along with your payment, indicating
the amount of the redemption and the date on which it occurred.

o Purchases made with dividend or capital gain distributions from
another fund in the IDS MUTUAL FUND GROUP that has a sales charge.

o Purchases made through American Express Strategic Portfolio
Service (total amount of all investments made in the Strategic
Portfolio Service must be at least $50,000).

o Purchases made under the University of Texas System ORP.

*Eligibility must be determined in advance by American Express
Financial Advisors. To do so, contact your financial advisor.
<PAGE>
PAGE 59
Class B - contingent deferred sales charge alternative

If a redemption is The percentage rate
made during the for the CDSC is:

First year 5%
Second year 4%
Third year 4%
Fourth year 3%
Fifth year 2%
Sixth year 1%
Seventh year 0%

The following example illustrates how the CDSC is applied. Assume
you had invested $10,000 in Class B shares and that your investment
had appreciated in value to $12,000 after 15 months, including
reinvested dividend and capital gain distributions. You could
redeem any amount up to $2,000 without paying a CDSC ($12,000
current value less $10,000 purchase amount). If you redeemed
$2,500, the CDSC would apply only to the $500 that represented part
of your original purchase price. The CDSC rate would be 4% because
a redemption after 15 months would take place during the second
year after purchase.

Waivers of the contingent deferred sales charge

The CDSC on Class B shares will be waived on redemptions of shares:

o In the event of the shareholder's death,
o Purchased by any trustee, director, officer or employee of a fund
or AEFC or its subsidiaries,

<PAGE>
PAGE 60
o Held in a trusteed employee benefit plan,
o Held in IRAs or certain qualified plans for which American
Express Trust Company acts as custodian, such as Keogh plans, tax-
sheltered custodial accounts or corporate pension plans, provided
that the shareholder is:
- at least 59-1/2 years old, and
- taking a retirement distribution (if the redemption is part
of a transfer to an IRA or qualified plan in a product
distributed by American Express Financial Advisors, or a
custodian-to-custodian transfer to a product not distributed
by American Express Financial Advisors, the CDSC will not be
waived), or
- redeeming under an approved substantially equal periodic
payment arrangement.

For investors in Class A shares who have over $1 million invested
in one year, the 1% CDSC on redemption of those shares will be
waived in the same circumstances described for Class B.

Special shareholder services

Services

To help you track and evaluate the performance of your investments,
AEFC provides these services:

Quarterly statements listing all of your holdings and transactions
during the previous three months.

Yearly tax statements featuring average-cost-basis reporting of
capital gains or losses if you redeem your shares along with
distribution information - which simplifies tax calculations.

Quick telephone reference

American Express Shareholder Service
Fund performance, objectives and account inquiries
612-671-3733

TTY Service
For the hearing impaired
800-846-4852
<PAGE>
PAGE 61
American Express Infoline
Automated account information (TouchToneR phones only), including
current Fund prices and performance, account values and recent
account transactions
National/Minnesota: 800-272-4445
Mpls./St. Paul area: 671-1630

Distributions and taxes

Dividend and capital gain distributions

The Fund's income from dividends and interest, and any net realized
short-term gain, are distributed to you by the end of the calendar
year as dividends. The Fund realizes long-term capital gains
whenever it sells securities held for more than one year for a
higher price than it paid for them. Net realized long-term capital
gains, if any, are distributed at the end of the calendar year as
capital gain distributions. Before they're distributed, both net
investment income and net long-term capital gains are included in
the value of each share. After they're distributed, the value of
each share drops by the per-share amount of the distribution. (If
your distributions are reinvested, the total value of your holdings
will not change.)

Dividends for each class will be calculated at the same time, in
the same manner and will be the same amount prior to deduction of
expenses. Expenses attributable solely to a class of shares will
be paid exclusively by that class. Class B shareholders will
receive lower per share dividends than Class A and Class Y
shareholders because expenses for Class B are higher than for Class
A or Class Y. Class A shareholders will receive lower per share
dividends than Class Y shareholders because expenses for Class A
are higher than for Class Y.

Reinvestments

Dividends and capital gain distributions are automatically
reinvested in additional shares in the same class of the Fund,
unless:

o you request the Fund in writing or by phone to pay
distributions to you in cash, or

o you direct the Fund to invest your distributions in any
publicly available IDS fund for which you've previously opened
an account. You pay no sales charge on shares purchased
through reinvestment from this Fund into any IDS fund.
<PAGE>
PAGE 62
The reinvestment price is the net asset value at close of business
on the day the distribution is paid. (Your quarterly statement
will confirm the amount invested and the number of shares
purchased.)

If you choose cash distributions, you will receive only those
declared after your request has been processed.

Taxes

Income received by the Fund may be subject to foreign tax and
withholding. Tax conventions between certain countries and the
U.S. may reduce or eliminate such taxes. You may be entitled to
claim foreign tax credits or deductions subject to provisions and
limitations of the Internal Revenue Code. The Fund will notify you
if such credit or deduction is available.

Buying a dividend creates a tax liability. This means buying
shares shortly before a net investment income or a capital gain
distribution. You pay the full pre-distribution price for the
shares, then receive a portion of your investment back as a
distribution, which is taxable.

<PAGE>
PAGE 63
If you don't provide the TIN, or the TIN you report is incorrect,
you could be subject to backup withholding of 31% of taxable
distributions and proceeds from certain sales and exchanges. You
also could be subject to further penalties, such as:

o a $50 penalty for each failure to supply your correct TIN
o a civil penalty of $500 if you make a false statement that
results in no backup withholding
o criminal penalties for falsifying information

You also could be subject to backup withholding because you failed
to report interest or dividends on your tax return as required.

How to determine the correct TIN

Use the Social Security or
For this type of account: Employer Identification number
of:

Individual or joint account The individual or individuals
listed on the account

Custodian account of a minor The minor
(Uniform Gifts/Transfers to
Minors Act)

A living trust The grantor-trustee (the person
who puts the money into the
trust)

An irrevocable trust, pension The legal entity (not the
trust or estate personal representative or
trustee, unless no legal entity
is designated in the account
title)

Sole proprietorship The owner

Partnership The partnership

Corporate The corporation

Association, club or The organization
tax-exempt organization

For details on TIN requirements, ask your financial advisor or
local American Express Financial Advisors office for Federal Form
W-9, "Request for Taxpayer Identification Number and
Certification."

IDS Global Series, Inc., of which IDS Global Growth Fund is a part,
is an open-end management company, as defined in the Investment
Company Act of 1940. It was incorporated on Oct. 28, 1988 in
Minnesota. The Fund headquarters are at 901 S. Marquette Ave.,
Suite 2810, Minneapolis, MN 55402-3268.

The Fund is owned by its shareholders. The Fund issues shares in
three classes - Class A, Class B and Class Y. Each class has
different sales arrangements and bears different expenses. Each
class represents interests in the assets of the Fund. Par value is
1 cent per share. Both full and fractional shares can be issued.

Voting rights

As a shareholder, you have voting rights over the Fund's management
and fundamental policies. You are entitled to one vote for each
share you own. Each class has exclusive voting rights with respect
to the provisions of the Fund's distribution plan that pertain to a
particular class and other matters for which separate class voting
is appropriate under applicable law.

Shareholder meetings

Special considerations regarding master/feeder structure

<PAGE>
PAGE 65
The investment objective, policies and restrictions of the
Portfolio are described under the captions "Investment policies and
risks" and "Facts about investments and their risks."

In addition to selling units to the Fund, the Portfolio may sell
units to other affiliated and non-affiliated mutual funds and to
institutional investors. Such investors will invest in the
Portfolio on the same terms and conditions and will pay a
proportionate share of the Portfolio's expenses. However, the
other investors investing in the Portfolio are not required to sell
their shares at the same price as the Fund due to variations in
sales commissions and other operating expenses. Therefore,
investors in the Fund should be aware that these differences may
result in differences in returns experienced by investors in the
different funds that invest in the same Portfolio.

Investors in the Fund should be aware that smaller funds investing
in the Portfolio may be adversely affected by the actions of larger
funds investing in the Portfolio. For example, if a large fund
withdraws from the Portfolio, the remaining funds may experience
higher prorated operating expenses, thereby producing lower
returns. Additionally, the Portfolio may become less diverse,
resulting in increased portfolio risk, and experience decreasing
economies of scale. Institutional investors in the Portfolio that
have a greater pro rata ownership than the Fund could have
effective voting control over the operation of the Portfolio.
Certain changes in the Portfolio's fundamental objectives, policies
and restrictions could require the Fund to redeem its interest in
the Portfolio. Any such withdrawal could result in a distribution
of in-kind portfolio securities (as opposed to cash distribution).
If securities are distributed, the Fund could incur brokerage, tax
or other charges in converting the securities to cash. In
addition, a distribution in kind may result in a less diversified
portfolio of investments or adversely affect the liquidity of the
Fund.<PAGE>
PAGE 66
Wherever the Fund, as an investor in the Portfolio, is requested to
vote on matters pertaining to the Portfolio, the Fund will hold a
meeting of Fund shareholders. The fund will vote its units in the
Portfolio for or against such matters proportionately to the
instructions to vote for or against such matters received from Fund
shareholders. The Fund will vote shares for which it receives no
voting instructions in the same proportion as the shares for which
it receives voting instructions. See "Investment manager and
transfer agent" for a complete description of the management and
other expenses associated with the Fund's investment in the
Portfolio.

Directors and officers

Directors and officers of the Fund

President and interested director

William R. Pearce
President of all funds in the IDS MUTUAL FUND GROUP.

Independent directors

Lynne V. Cheney
Distinguished fellow, American Enterprise Institute for Public
Policy Research.

Robert F. Froehlke
Former president of all funds in the IDS MUTUAL FUND GROUP.

Heinz F. Hutter
Former president and chief operating officer, Cargill, Inc.

Anne P. Jones
Attorney and telecommunications consultant.

Donald M. Kendall
Former chairman and chief executive officer, PepsiCo, Inc.

Melvin R. Laird
Senior counsellor for national and international affairs, The
Reader's Digest Association, Inc.

Lewis W. Lehr
Former chairman and chief executive officer, Minnesota Mining and
Manufacturing Company (3M).
<PAGE>
PAGE 67
Edson W. Spencer
Former chairman and chief executive officer, Honeywell, Inc.

Wheelock Whitney
Chairman, Whitney Management Company.

C. Angus Wurtele
Chairman of the board and chief executive officer, The Valspar
Corporation.

Interested directors who are officers and/or employees of AEFC

William H. Dudley
Executive vice president, AEFC.

David R. Hubers
President and chief executive officer, AEFC.

John R. Thomas
Senior vice president, AEFC.

Officers who also are officers and/or employees of AEFC

Peter J. Anderson
Vice president of all funds in the IDS MUTUAL FUND GROUP.

Melinda S. Urion
Treasurer of all funds in the IDS MUTUAL FUND GROUP.

Other officer

Leslie L. Ogg
Vice president, general counsel and secretary of all funds in the
IDS MUTUAL FUND GROUP.

Refer to the SAI for the directors' and officers' biographies.

Investment manager and transfer agent

The Fund pays AEFC for managing its portfolio, providing
administrative services and serving as transfer agent (handling
shareholder accounts).

Under its Investment Management Services Agreement, AEFC determines
which securities will be purchased, held or sold (subject to the
direction and control of the board of directors). Under the <PAGE>
PAGE 68
current agreement, effective March 20, 1995, the Fund pays AEFC a
fee for these services based on the average daily net assets of the
Fund, as follows:

Assets Annual rate
(billions) at each asset level

First $0.25 0.800%
Next 0.25 0.775
Next 0.25 0.750
Next 0.25 0.725
Next 1.0 0.700
Over 2.0 0.675

Upon the implementation of the new fund structure, AEFC will
provide these services to the Portfolio at the same annual rate
currently paid by the Fund.

For the fiscal year ended Oct. 31, 1995, under the current and
prior agreements, the Fund paid AEFC a total investment management
fee of 0.81% of its average daily net assets. Under the Agreement,
the Fund also pays taxes, brokerage commissions and nonadvisory
expenses.

Under an Administrative Services Agreement, the Fund pays AEFC for
administration and accounting services at an annual rate of 0.06%
decreasing in gradual percentages to 0.035% as assets increase.

In addition, under a separate Transfer Agency Agreement, AEFC
maintains shareholder accounts and records. The Fund pays AEFC an
annual fee per shareholder account for this service as follows:

o Class A $15
o Class B $16
o Class Y $15

Distributor

Persons who buy Class A shares pay a sales charge at the time of
purchase. Prior to March 20, 1995, the date when the Fund began
offering more than one class of shares, the Fund paid an account-
based distribution fee. That fee is part of Class A's total
expenses (shown below) and was 0.04% of an average daily net assets
for the fiscal year ended Oct. 31, 1995. Persons who buy Class B
shares are subject to a contingent deferred sales charge on a
redemption in the first six years and pay an asset-based sales
charge (also known as a 12b-1 plan) of 0.75% of the Fund's average
daily net assets. For the fiscal year ended Oct. 31, 1995, the<PAGE>
PAGE 69
asset-based sales charge paid by Class B shareholders was 0.75% of
the average daily net assets. Class Y shares are sold without a
sales charge and without an asset-based sales charge.

Total expenses paid by the Fund's Class A shares for the fiscal
year ended Oct. 31, 1995, restated to reflect current agreements,
were 1.40% of its average daily net assets. Expenses for Class B
and Class Y were 2.16% and 1.20%, respectively, based on the period
from March 20, 1995 (the inception date for Class B and Class Y) to
Oct. 31, 1995.

Total fees and expenses (excluding taxes and brokerage commissions)
cannot exceed the most restrictive applicable state expense
limitation.

About American Express Financial Corporation

General information

The AEFC family of companies offers not only mutual funds but also
insurance, annuities, investment certificates and a broad range of
financial management services.

<PAGE>
PAGE 70

American Express Financial Advisors serves individuals and
businesses through its nationwide network of more than 175 offices
and more than 7,800 advisors.

Other AEFC subsidiaries provide investment management and related
services for pension, profit sharing, employee savings and
endowment funds of businesses and institutions.

<PAGE>
PAGE 71
Appendix

Descriptions of derivative instruments

Asset-backed and mortgage-backed securities. Asset-backed
securities include interests in pools of assets such as motor
vehicle installment sale contracts, installment loan contracts,
leases on various types of real and personal property, receivables
from revolving credit (credit card) agreements or other categories
of receivables. Mortgage-backed securities include collateralized
mortgage obligations and stripped mortgage-backed securities.
Interest and principal payments depend on payment of the underlying
loans or mortgages. The value of these securities may also be
affected by changes in interest rates, the market's perception of
the issuers and the creditworthiness of the parties involved.
Stripped mortgage-backed securities include interest only (IO) and
principal only (PO) securities. Cash flows and yields on IOs and
POs are extremely sensitive to the rate of principal payments on
the underlying mortgage loans or mortgage-backed securities.

<PAGE>
PAGE 72

IDS GLOBAL SERIES, INC.

STATEMENT OF ADDITIONAL INFORMATION

FOR

IDS GLOBAL BOND FUND

Dec. 29, 1995

This Statement of Additional Information (SAI) is not a prospectus.
It should be read together with the prospectus and the financial
statements contained in the Annual Report which may be obtained
from your American Express financial advisor or by writing to
American Express Shareholder Service, P.O. Box 534, Minneapolis, MN
55440-0534.

This SAI is dated Dec. 29, 1995, and it is to be used with the
prospectus dated Dec. 29, 1995, and the Annual Report for the
fiscal year ended Oct. 31, 1995.
<PAGE>
PAGE 73
TABLE OF CONTENTS

Goal and Investment Policies......................See Prospectus

Additional Investment Policies................................p. 3

Portfolio Transactions........................................p. 6

Brokerage Commissions Paid to Brokers Affiliated with
American Express Financial Corporation........................p. 9

Performance Information.......................................p.10

Valuing Fund Shares...........................................p.12

Investing in the Fund.........................................p.13

Redeeming Shares..............................................p.17

Pay-out Plans.................................................p.18

Capital Loss Carryover........................................p.19

Taxes.........................................................p.19

Agreements....................................................p.21

Directors and Officers........................................p.25

Custodian.....................................................p.29

Independent Auditors..........................................p.29

Financial Statements..............................See Annual Report

Prospectus....................................................p.30

Appendix A: Foreign Currency Transactions....................p.31

Appendix B: Options and Futures Contracts....................p.36

Appendix C: Mortgage-Backed Securities.......................p.43

Appendix D: Dollar-Cost Averaging............................p.44
<PAGE>
PAGE 74
ADDITIONAL INVESTMENT POLICIES

Subject to certain contingencies, the Fund intends in early 1996 to
achieve its goals by investing all of its assets in World Income
Portfolio (the "Portfolio") of the World Trust (the "Trust"), a
separate investment company, rather than by directly investing in
and managing its own portfolio of securities. The Portfolio has
the same investment objectives, policies and restrictions as the
Fund.

Fundamental investment restrictions adopted by a Fund or Portfolio
cannot be changed without the approval of a majority of the
outstanding voting securities of the Fund or Portfolio, as defined
in the Investment Company Act of 1940. Whenever a Fund is
requested to vote on a change in the investment restrictions of the
corresponding Portfolio, the Fund will hold a meeting of Fund
shareholders and will cast the Fund's vote as instructed by the
shareholders.

These are investment policies in addition to those presented in the
prospectus. The policies below are fundamental policies of the
Fund and the Portfolio and may be changed only with shareholder
approval. Unless holders of a majority of the outstanding voting
securities agree to make the change, the Fund will not:

'Act as an underwriter (sell securities for others). However,
under the securities laws, the Fund may be deemed to be an
underwriter when it purchases securities directly from the issuer
and later resells them.

'Make cash loans if the total commitment amount exceeds 5% of the
Fund's total assets.

'Borrow money or property, except as a temporary measure for
extraordinary or emergency purposes, in an amount not exceeding
one-third of the market value of its total assets (including
borrowings) less liabilities (other than borrowings) immediately
after the borrowing. The Fund has not borrowed in the past and has
no present intention to borrow.

'Concentrate in any one industry. According to the present
interpretation by the Securities and Exchange Commission (SEC),
this means no more than 25% of the Fund's total assets, based on
current market value at time of purchase, can be invested in any
one industry.

'Purchase more than 10% of the outstanding voting securities of an
issuer.

'Buy or sell real estate, unless acquired as a result of ownership
of securities or other instruments, except this shall not prevent
the Fund from investing in securities or other instruments backed
by real estate or securities of companies engaged in the real
estate business or real estate investment trusts. For purposes of
this policy, real estate includes real estate limited partnerships.
<PAGE>
PAGE 75
'Buy or sell physical commodities unless acquired as a result of
ownership of securities or other instruments, except this shall not
prevent the Fund from buying or selling options and futures
contracts or from investing in securities or other instruments
backed by, or whose value is derived from, physical commodities.

'Make a loan of any part of its assets to American Express
Financial Corporation (AEFC), to the directors and officers of AEFC
or to its own directors and officers.

'Purchase securities of an issuer if the directors and officers of
the Fund and of AEFC hold more than a certain percentage of the
issuer's outstanding securities. If the holdings of all directors
and officers of the Fund and of AEFC who own more than 0.5% of an
issuer's securities are added together, and if in total they own
more than 5%, the Fund will not purchase securities of that issuer.

'Lend Fund securities in excess of 30% of its net assets. The
current policy of the Fund's board is to make these loans, either
long- or short-term, to broker-dealers. In making such loans the
Fund gets the market price in cash, U.S. government securities,
letters of credit or such other collateral as may be permitted by
regulatory agencies and approved by the board. If the market price
of the loaned securities goes up, the Fund will get additional
collateral on a daily basis. The risks are that the borrower may
not provide additional collateral when required or return the
securities when due. During the existence of the loan, the Fund
receives cash payments equivalent to all interest or other
distributions paid on the loaned securities. A loan will not be
made unless the investment manager believes the opportunity for
additional income outweighs the risks.

'Issue senior securities, except to the extent that borrowing from
banks and using options, foreign currency forward contracts or
future contracts (as discussed elsewhere in the Fund's prospectus
and SAI) may be deemed to constitute issuing a senior security.

Unless changed by the board, the Fund will not:

'Buy on margin or sell short, but it may make margin payments in
connection with transactions in futures contracts.

'Invest more than 5% of its total assets in securities of domestic
or foreign companies, including any predecessors, that have a
record of less than three years continuous operations.

'Invest more than 10% of its total assets in securities of
investment companies.
<PAGE>
PAGE 76
'Invest in a company to control or manage it.

'Invest in exploration or development programs, such as oil, gas or
mineral leases.

'Invest more than 5% of its net assets in warrants. Under one
state's law no more than 2% of the Fund's net assets may be
invested in warrants not listed on the New York or American Stock
Exchange.

'Invest more than 10% of its 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,
loans and loan participations, 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 predecessor, 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 U.S. government or its
agencies and instrumentalities, the investment manager, under
guidelines established by the board, will consider any relevant
factors including the frequency of trades, the number of 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, will evaluate relevant factors
such as the issuer and the size and nature of its 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.

Loans, loan participations and interests in securitized loan pools
are interests in amounts owed by a corporate, governmental or other
borrower to a lender or consortium of lenders (typically banks,
insurance companies, investment banks, government agencies or
international agencies). Loans involve a risk of loss in case of
default or insolvency of the borrower and may offer less legal
protection to the Fund in the event of fraud or misrepresentation.
In addition, loan participations involve a risk of insolvency of
the lender or other financial intermediary.

The Fund may make contracts to purchase securities for a fixed
price at a future date beyond normal settlement time (when-issued
securities or forward commitments). Under normal market<PAGE>
PAGE 77

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 receive dividends or interest on them until the
contractual settlement date. The Fund will designate cash or
liquid high-grade debt securities at least equal in value to its
commitments to purchase the securities. When-issued securities or
forward commitments are subject to market fluctuations and they may
affect the Fund's total assets the same as owned securities.

The Fund may maintain a portion of its assets in cash and cash-
equivalent investments. The cash-equivalent investments the Fund
may use are short-term U.S. and Canadian government securities and
negotiable certificates of deposit, non-negotiable fixed-time
deposits, bankers' acceptances and letters of credit of banks or
savings and loan associations having capital, surplus and undivided
profits (as of the date of its most recently published annual
financial statements) in excess of $100 million (or the equivalent
in the instance of a foreign branch of a U.S. bank) at the date of
investment. The Fund also may purchase short-term notes and
obligations (rated in the top two classifications by Moody's
Investors Service, Inc. (Moody's) or Standard & Poor's Corporation
(S&P) or the equivalent) of U.S. banks and foreign corporations and
may use repurchase agreements with broker-dealers registered under
the Securities Exchange Act of 1934 and with commercial banks. A
risk of a repurchase agreement is that if the seller seeks the
protection of the bankruptcy laws, the Fund's ability to liquidate
the security involved could be impaired. As a temporary
investment, during periods of weak or declining market values for
the securities in which the Fund invests, any portion of its assets
may be converted to cash (in foreign currencies or U.S. dollars) or
to the kinds of short-term debt securities discussed in this
paragraph.

Notwithstanding any of the Fund's other investment policies, the
Fund may invest its assets in an open-end management investment
company having substantially the same investment objectives,
policies and restrictions as the Fund for the purpose of having
those assets managed as part of a combined pool.

For a discussion about foreign currency transactions, see Appendix
A. For a discussion on options and futures contracts, see Appendix
B. For a discussion on mortage-backed securities, see Appendix C.

PORTFOLIO TRANSACTIONS

Subject to policies set by the board, AEFC is authorized to
determine, consistent with the Fund's investment goal and policies,
which securities will be purchased, held or sold. In determining
where the buy and sell orders are to be placed, AEFC has been
directed to use its best efforts to obtain the best available price
and the most favorable execution except where otherwise authorized
by the board. In selecting broker-dealers to execute transactions,
AEFC may consider the price of the security, including commission
or mark-up, the size and difficulty of the order, the reliability, <PAGE>
PAGE 78
integrity, financial soundness and general operation and execution
capabilities of the broker, the broker's expertise in particular
markets, and research services provided by the broker.

AEFC has a strict Code of Ethics that prohibits its affiliated
personnel from engaging in personal investment activities that
compete with or attempt to take advantage of planned portfolio
transactions for any fund in the IDS MUTUAL FUND GROUP. AEFC
carefully monitors compliance with its Code of Ethics.

On occasion, it may be desirable to compensate a broker for
research services or for brokerage services by paying a commission
that might not otherwise be charged or a commission in excess of
the amount another broker might charge. The board has adopted a
policy authorizing AEFC to do so to the extent authorized by law,
if AEFC determines, in good faith, that such commission is
reasonable in relation to the value of the brokerage or research
services provided by a broker or dealer, viewed either in the light
of that transaction or AEFC's overall responsibilities to the funds
in the IDS MUTUAL FUND GROUP and other funds for which it acts as
investment advisor.

Research provided by brokers supplements AEFC's own research
activities. Such services include economic data on, and analysis
of, U.S. and foreign economies; information on specific industries;
information about specific companies, including earnings estimates;
purchase recommendations for stocks and bonds; portfolio strategy
services; political, economic, business and industry trend
assessments; historical statistical information; market data
services providing information on specific issues and prices; and
technical analysis of various aspects of the securities markets,
including technical charts. Research services may take the form of
written reports, computer software or personal contact by telephone
or at seminars or other meetings. AEFC has obtained, and in the
future may obtain, computer hardware from brokers, including but
not limited to personal computers that will be used exclusively for
investment decision-making purposes, which include the research,
portfolio management and trading functions and other services to
the extent permitted under an interpretation by the SEC.

When paying a commission that might not otherwise be charged or a
commission in excess of the amount another broker might charge,
AEFC must follow procedures authorized by the board. To date,
three procedures have been authorized. One procedure permits AEFC
to direct an order to buy or sell a security traded on a national
securities exchange to a specific broker for research services it
has provided. The second procedure permits AEFC, in order to
obtain research, to direct an order on an agency basis to buy or
sell a security traded in the over-the-counter market to a firm
that does not make a market in that security. The commission paid
generally includes compensation for research services. The third
procedure permits AEFC, in order to obtain research and brokerage
services, to cause the Fund to pay a commission in excess of the
amount another broker might have charged. AEFC has advised the
Fund it is necessary to do business with a number of brokerage <PAGE>
PAGE 79
firms on a continuing basis to obtain such services as the handling
of large orders, the willingness of a broker to risk its own money
by taking a position in a security, and the specialized handling of
a particular group of securities that only certain brokers may be
able to offer. As a result of this arrangement, some portfolio
transactions may not be effected at the lowest commission, but AEFC
believes it may obtain better overall execution. AEFC has assured
the Fund that under all three procedures the amount of commission
paid will be reasonable and competitive in relation to the value of
the brokerage services performed or research provided.

All other transactions shall be placed on the basis of obtaining
the best available price and the most favorable execution. In so
doing, if in the professional opinion of the person responsible for
selecting the broker or dealer, several firms can execute the
transaction on the same basis, consideration will be given by such
person to those firms offering research services. Such services
may be used by AEFC in providing advice to all the funds in the IDS
MUTUAL FUND GROUP even though it is not possible to relate the
benefits to any particular fund or account.

Each investment decision made for the Fund is made independently
from any decision made for another fund in the IDS MUTUAL FUND
GROUP or other account advised by AEFC or any AEFC subsidiary.
When the Fund buys or sells the same security as another Fund or
account, AEFC carries out the purchase or sale in a way the Fund
agrees in advance is fair. Although sharing in large transactions
may adversely affect the price or volume purchased or sold by the
Fund, the Fund hopes to gain an overall advantage in execution.
AEFC has assured the Fund it will continue to seek ways to reduce
brokerage costs.

On a periodic basis, AEFC makes a comprehensive review of the
broker-dealers and the overall reasonableness of their commissions.
The review evaluates execution, operational efficiency and research
services.

The Fund paid total brokerage commissions of $11,918 for the fiscal
year ended Oct. 31, 1995, $46,364 for fiscal year 1994, and $44,444
for fiscal year 1993. Substantially all firms through whom
transactions were executed provide research services.

No transactions were directed to brokers because of research
services they provided to the Fund.

<PAGE>
PAGE 80
As of Oct. 31, 1995, the Fund held securities of its regular
brokers or dealers or of the parent of those brokers or dealers
that derived more than 15% of gross revenue from securities-related
activities as presented below:

Value of Securities
Owned at End of
Name of Issuer Fiscal Year
Dean Witter $3,488,301

The portfolio turnover rate was 92% in the fiscal year ended
Oct. 31, 1995, and 64% in fiscal year 1994.

BROKERAGE COMMISSIONS PAID TO BROKERS AFFILIATED WITH AMERICAN
EXPRESS FINANCIAL CORPORATION

Affiliates of American Express Company (American Express) (of which
AEFC is a wholly owned subsidiary) may engage in brokerage and
other securities transactions on behalf of the Fund according to
procedures adopted by the Fund's board and to the extent consistent
with applicable provisions of the federal securities laws. AEFC
will use an American Express affiliate only if (i) AEFC determines
that the Fund will receive prices and executions at least as
favorable as those offered by qualified independent brokers
performing similar brokerage and other services for the Fund and
(ii) the affiliate charges the Fund commission rates consistent
with those the affiliate charges comparable unaffiliated customers
in similar transactions and if such use is consistent with terms of
the Investment Management Services Agreement.

AEFC may direct brokerage to compensate an affiliate. AEFC will
receive research on South Africa from New Africa Advisors, a
wholly-owned subsidiary of Sloan Financial Group. AEFC owns 100%
of IDS Capital Holdings Inc. which in turn owns 40% of Sloan
Financial Group. New Africa Advisors will send research to AEFC
and in turn AEFC will direct trades to a particular broker. The
broker will have an agreement to pay New Africa Advisors. All
transactions will be on a best execution basis. Compensation
received will be reasonable for the services rendered.

<PAGE>
PAGE 81
Information about brokerage commissions paid by the Fund for the
last three fiscal years to brokers affiliated with AEFC is
contained in the following table:
<TABLE><CAPTION>

For the Fiscal Year Ended Oct. 31,

1995 1994 1993
Aggregate Percent of Aggregate Aggregate
Dollar Aggregate Dollar Dollar Dollar
Amount of Percent of Amount of Amount of Amount of
Nature Commissions Aggregate Transactions Commissions Commissions
of Paid to Brokerage Involving Payment Paid to Paid to
Broker Affiliation Broker Commissions of Commissions Broker Broker
<S> <C> <C> <C> <C> <C>
Lehman
Brothers,
Inc. (1) None None None $ 360 None

American
Enterprise
Investment
Services Inc. (2) None None None 7,465 $5,769
</TABLE>
(1) Under common control with AEFC as a subsidiary of American
Express until May 31, 1994.
(2) Wholly owned subsidiary of AEFC.

PERFORMANCE INFORMATION

The Fund may quote various performance figures to illustrate past
performance. Average annual total return and current yield
quotations used by the Fund are based on standardized methods of
computing performance as required by the SEC. An explanation of
the methods used by the Fund to compute performance follows below.

Average annual total return

The Fund may calculate average annual total return for a class for
certain periods by finding the average annual compounded rates of
return over the period that would equate the initial amount
invested to the ending redeemable value, according to the following
formula:

P(1+T)n = ERV

where: P = a hypothetical initial payment of $1,000
T = average annual total return
n = number of years
ERV = ending redeemable value of a hypothetical $1,000
payment, made at the beginning of a period, at the
end of the period (or fractional portion thereof)

Aggregate total return

The Fund may calculate aggregate total return for a class for
certain periods representing the cumulative change in the value of
an investment in the Fund over a specified period of time according
to the following formula:
<PAGE>
PAGE 82
ERV - P
P

where: P = a hypothetical initial payment of $1,000
ERV = ending redeemable value of a hypothetical $1,000
payment, made at the beginning of a period, at the
end of the period (or fractional portion thereof)

Annualized yield

The Fund may calculate an annualized yield for a class by dividing
the net investment income per share deemed earned during a period
by the net asset value per share on the last day of the period and
annualizing the results.

Yield is calculated according to the following formula:

Yield = 2[(a-b + 1)6 - 1]
cd

where: a = dividends and interest earned during the period
b = expenses accrued for the period (net of
reimbursements
c = the average daily number of shares outstanding
during the period that were entitled to receive
dividends
d = the maximum offering price per share on the last
day of the period

The Fund's annualized yield was 5.72% for Class A, 5.26% for Class
B, and 6.20% for Class Y for the 31-day period ended Oct. 31, 1995.

The Fund's yield, calculated as described above according to the
formula prescribed by the SEC, is a hypothetical return based on
market value yield to maturity for the Fund's securities. It is
not necessarily indicative of the amount which was or may be paid
to the Fund's shareholders. Actual amounts paid to Fund
shareholders are reflected in the distribution yield.

Distribution yield

Distribution yield is calculated according to the following
formula:

D divided by POP F equals DY
31 31

where: D = sum of dividends for 31-day period
POP = sum of public offering price for 31-day period
F = annualizing factor
DY = distribution yield

The Fund's distribution yield was 5.56% for Class A, 5.09% for
Class B, and 6.03% for Class Y for the 31-day period ended Oct. 31,
1995.
<PAGE>
PAGE 83
In its sales material and other communications, the Fund may quote,
compare or refer to rankings, yields or returns as published by
independent statistical services or publishers and publications
such as The Bank Rate Monitor National Index, Barron's, Business
Week, Donoghue's Money Market Fund Report, Financial Services Week,
Financial Times, Financial World, Forbes, Fortune, Global Investor,
Institutional Investor, Investor's Daily, Kiplinger's Personal
Finance, Lipper Analytical Services, Money, Mutual Fund Forecaster,
Newsweek, The New York Times, Personal Investor, Stanger Report,
Sylvia Porter's Personal Finance, USA Today, U.S. News and World
Report, The Wall Street Journal and Wiesenberger Investment
Companies Service.

VALUING FUND SHARES

The value of an individual share for each class is determined by
using the net asset value before shareholder transactions for the
day. On Nov. 1, 1995, the first business day following the end of
the fiscal year, the computation looked like this:
<TABLE><CAPTION>
Net assets before Shares outstanding Net asset value
shareholder transactions at end of previous day of one share
<S> <C> <C> <C> <C> <C>
Class A $547,278,055 divided by 89,717,714 equals $6.10
Class B 36,956,063 6,058,371 6.10
Class Y 2,067,144 338,876 6.10
</TABLE>

In determining net assets before shareholder transactions, the
Fund's securities are valued as follows as of the close of business
of the New York Stock Exchange (the Exchange):

'Securities, except bonds other than convertibles, traded on a
securities exchange for which a last-quoted sales price is readily
available are valued at the last-quoted sales price on the exchange
where such security is primarily traded.

'Securities traded on a securities exchange for which a last-quoted
sales price is not readily available are valued at the mean of the
closing bid and asked prices, looking first to the bid and asked
prices on the exchange where the security is primarily traded and,
if none exist, to the over-the-counter market.

'Securities included in the NASDAQ National Market System are
valued at the last-quoted sales price in this market.

'Securities included in the NASDAQ National Market System for which
a last-quoted sales price is not readily available, and other
securities traded over-the-counter but not included in the NASDAQ
National Market System are valued at the mean of the closing bid
and asked prices.

'Futures and options traded on major exchanges are valued at the
last-quoted sales price on their primary exchange.

'Foreign securities traded outside the U.S. are generally valued as
of the time their trading is complete, which is usually different
from the close of the Exchange. Foreign securities
<PAGE>
PAGE 84
quoted in foreign currencies are translated into U.S. dollars at
the current rate of exchange. Occasionally, events affecting the
value of such securities may occur between such times and the close
of the Exchange that will not be reflected in the computation of
the Fund's net asset value. If events materially affecting the
value of such securities occur during such period, these securities
will be valued at their fair value according to procedures decided
upon in good faith by the Fund's board.

'Short-term securities maturing more than 60 days from the
valuation date are valued at the readily available market price or
approximate market value based on current interest rates. Short-
term securities maturing in 60 days or less that originally had
maturities of more than 60 days at acquisition date are valued at
amortized cost using the market value on the 61st day before
maturity. Short-term securities maturing in 60 days or less at
acquisition date are valued at amortized cost. Amortized cost is
an approximation of market value determined by systematically
increasing the carrying value of a security if acquired at a
discount, or reducing the carrying value if acquired at a premium,
so that the carrying value is equal to maturity value on the
maturity date.

'Securities without a readily available market price, bonds other
than convertibles and other assets are valued at fair value as
determined in good faith by the board. The board is responsible
for selecting methods it believes provide fair value. When
possible, bonds are valued by a pricing service independent from
the Fund. If a valuation of a bond is not available from a pricing
service, the bond will be valued by a dealer knowledgeable about
the bond if such a dealer is available.

The New York Stock Exchange, AEFC and the Fund will be closed on
the following holidays: New Year's Day, Presidents' Day, Good
Friday, Memorial Day, Independence Day, Labor Day, Thanksgiving Day
and Christmas Day.

INVESTING IN THE FUND

Sales Charge

Shares of the Fund are sold at the public offering price determined
at the close of business on the day an application is accepted.
The public offering price is the net asset value of one share plus
a sales charge, if applicable. For Class B and Class Y, there is
no initial sales charge so the public offering price is the same as
the net asset value. For Class A, the public offering price for an
investment of less than $50,000, made Nov. 1, 1995, was determined
by dividing the net asset value of one share, $6.10, by 0.95 (1.00-
0.05 for a maximum 5% sales charge) for a public offering price of
$6.42. The sales charge is paid to American Express Financial
Advisors by the person buying the shares.

<PAGE>
PAGE 85
Class A - Calculation of the Sales Charge

Sales charges are determined as follows:

Within each increment,
sales charge as a
percentage of:
Public Net
Amount of Investment Offering Price Amount Invested

First $ 50,000 5.0% 5.26%
Next 50,000 4.5 4.71
Next 400,000 3.8 3.95
Next 500,000 2.0 2.04
$1,000,000 or more 0.0 0.00

Sales charges on an investment greater than $50,000 and less than
$1,000,000 are calculated for each increment separately and then
totaled. The resulting total sales charge, expressed as a
percentage of the public offering price and of the net amount
invested, will vary depending on the proportion of the investment
at different sales charge levels.

For example, compare an investment of $60,000 with an investment of
$85,000. The $60,000 investment is composed of $50,000 that incurs
a sales charge of $2,500 (5.0% x $50,000) and $10,000 that incurs a
sales charge of $450 (4.5% x $10,000). The total sales charge of
$2,950 is 4.92% of the public offering price and 5.17% of the net
amount invested.

In the case of the $85,000 investment, the first $50,000 also
incurs a sales charge of $2,500 (5.0% x $50,000) and $35,000 incurs
a sales charge of $1,575 (4.5% x $35,000). The total sales charge
of $4,075 is 4.79% of the public offering price and 5.04% of the
net amount invested.

The following table shows the range of sales charges as a
percentage of the public offering price and of the net amount
invested on total investments at each applicable level.
<TABLE><CAPTION>

On total investment, sales
charge as a percentage of
Public Net
Offering Price Amount Invested
Amount of Investment ranges from:
<S> <C> <C>
First $ 50,000 5.00% 5.26%
More than 50,000 to 100,000 5.00-4.50 5.26-4.71
More than 100,000 to 500,000 4.50-3.80 4.71-3.95
More than 500,000 to 999,999 3.80-2.00 3.95-2.04
$1,000,000 or more 0.00 0.00
</TABLE>
The initial sales charge is waived for certain qualified plans that
meet the requirements described in the prospectus. Participants in
these qualified plans may be subject to a deferred sales charge on <PAGE>
PAGE 86
certain redemptions. The deferred sales charge on certain
redemptions will be waived if the redemption is a result of a
participant's death, disability, retirement, attaining age 59 1/2,
loans or hardship withdrawals. The deferred sales charge varies
depending on the number of participants in the qualified plan and
total plan assets as follows:

Deferred Sales Charge

Number of Participants

Total Plan Assets 1-99 100 or more

Less than $1 million 4% 0%

$1 million or more 0% 0%
_________________________________________________________

Class A - Reducing the Sales Charge

Sales charges are based on the total amount of your investments in
the Fund. The amount of all prior investments plus any new
purchase is referred to as your "total amount invested." For
example, suppose you have made an investment of $20,000 and later
decide to invest $40,000 more. Your total amount invested would be
$60,000. As a result, $10,000 of your $40,000 investment qualifies
for the lower 4.5% sales charge that applies to investments of more
than $50,000 and up to $100,000.

The total amount invested includes any shares held in the Fund in
the name of a member of your immediate family (spouse and unmarried
children under 21). For instance, if your spouse already has
invested $20,000 and you want to invest $40,000, your total amount
invested will be $60,000 and therefore you will pay the lower
charge of 4.5% on $10,000 of the $40,000.

Until a spouse remarries, the sales charge is waived for spouses
and unmarried children under 21 of deceased trustees, directors,
officers or employees of the Fund or AEFC or its subsidiaries and
deceased advisors.

The total amount invested also includes any investment you or your
immediate family already have in the other publicly offered funds
in the IDS MUTUAL FUND GROUP where the investment is subject to a
sales charge. For example, suppose you already have an investment
of $25,000 in IDS Growth Fund and $5,000 in this Fund. If you
invest $40,000 more in this Fund, your total amount invested in the
funds will be $70,000 and therefore $20,000 of your $40,000
investment will incur a 4.5% sales charge.

Finally, Individual Retirement Account (IRA) purchases, or other
employee benefit plan purchases made through a payroll deduction
plan or through a plan sponsored by an employer, association of
employers, employee organization or other similar entity, may be
added together to reduce sales charges for shares purchased through
that plan.<PAGE>
PAGE 87
Class A - Letter of Intent (LOI)

If you intend to invest $1 million over a period of 13 months, you
can reduce the sales charges in Class A by filing a LOI. The
agreement can start at any time and will remain in effect for 13
months. Your investment will be charged normal sales charges until
you have invested $1 million. At that time, your account will be
credited with the sales charges previously paid. If you do not
invest $1 million by the end of 13 months, there is no penalty,
you'll just miss out on the sales charge adjustment. A LOI is not
an option (absolute right) to buy shares.

Here's an example. You file a LOI to invest $1 million and make an
investment of $100,000 at that time. You pay the normal 5% sales
charge on the first $50,000 and 4.5% sales charge on the next
$50,000 of this investment. Let's say you make a second investment
of $900,000 (bringing the total up to $1 million) one month before
the 13-month period is up. On the date that you bring your total
to $1 million, AEFC makes an adjustment to your account. The
adjustment is made by crediting your account with additional
shares, in an amount equivalent to the sales charge previously
paid.

Systematic Investment Programs

After you make your initial investment of $2,000 or more, you can
arrange to make additional payments of $100 or more on a regular
basis. These minimums do not apply to all systematic investment
programs. You decide how often to make payments - monthly,
quarterly, or semiannually. You are not obligated to make any
payments. You can omit payments or discontinue the investment
program altogether. The Fund also can change the program or end it
at any time. If there is no obligation, why do it? Putting money
aside is an important part of financial planning. With a
systematic investment program, you have a goal to work for.

How does this work? Your regular investment amount will purchase
more shares when the net asset value per share decreases, and fewer
shares when the net asset value per share increases. Each purchase
is a separate transaction. After each purchase your new shares
will be added to your account. Shares bought through these
programs are exactly the same as any other fund shares. They can
be bought and sold at any time. A systematic investment program is
not an option or an absolute right to buy shares.

The systematic investment program itself cannot ensure a profit,
nor can it protect against a loss in a declining market. If you
decide to discontinue the program and redeem your shares when their
net asset value is less than what you paid for them, you will incur
a loss.

For a discussion on dollar-cost averaging, see Appendix D.

<PAGE>
PAGE 88
Automatic Directed Dividends

Dividends, including capital gain distributions, paid by another
fund in the IDS MUTUAL FUND GROUP subject to a sales charge, may be
used to automatically purchase shares in the same class of this
Fund without paying a sales charge. Dividends may be directed to
existing accounts only. Dividends declared by a fund are exchanged
to this Fund the following day. Dividends can be exchanged into
one fund but cannot be split to make purchases in two or more
funds. Automatic directed dividends are available between accounts
of any ownership except:

Between a non-custodial account and an IRA, or 401(k) plan account
or other qualified retirement account of which American Express
Trust Company acts as custodian;

Between two American Express Trust Company custodial accounts with
different owners (for example, you may not exchange dividends from
your IRA to the IRA of your spouse);

Between different kinds of custodial accounts with the same
ownership (for example, you may not exchange dividends from your
IRA to your 401(k) plan account, although you may exchange
dividends from one IRA to another IRA).

Dividends may be directed from accounts established under the
Uniform Gifts to Minors Act (UGMA) or Uniform Transfers to Minors
Act (UTMA) only into other UGMA or UTMA accounts with identical
ownership.

The Fund's investment goal is described in its prospectus along
with other information, including fees and expense ratios. Before
exchanging dividends into another fund, you should read its
prospectus. You will receive a confirmation that the automatic
directed dividend service has been set up for your account.

REDEEMING SHARES

You have a right to redeem your shares at any time. For an
explanation of redemption procedures, please see the prospectus.

During an emergency, the board can suspend the computation of net
asset value, stop accepting payments for purchase of shares or
suspend the duty of the Fund to redeem shares for more than seven
days. Such emergency situations would occur if:

'The Exchange closes for reasons other than the usual weekend and
holiday closings or trading on the Exchange is restricted, or

'Disposal of the Fund's securities is not reasonably practicable or
it is not reasonably practicable for the Fund to determine the fair
value of its net assets, or

<PAGE>
PAGE 89

'The SEC, under the provisions of the Investment Company Act of
1940 (the 1940 Act), as amended, declares a period of emergency to
exist.

Should the Fund stop selling shares, the board may make a deduction
from the value of the assets held by the Fund to cover the cost of
future liquidations of the assets so as to distribute fairly these
costs among all shareholders.

The Fund has elected to be governed by Rule 18f-1 under the 1940
Act, which obligates the Fund to redeem shares in cash, with
respect to any one shareholder during any 90-day period, up to the
lesser of $250,000 or 1% of the net assets of the Fund at the
beginning of the period. Although redemptions in excess of this
limitation would normally be paid in cash, the Fund reserves the
right to make these payments in whole or in part in securities or
other assets in case of an emergency, or if the payment of a
redemption in cash would be detrimental to the existing
shareholders of the Fund as determined by the board. In these
circumstances, the securities distributed would be valued as set
forth in the prospectus. Should the Fund distribute securities, a
shareholder may incur brokerage fees or other transaction costs in
converting the securities to cash.

PAY-OUT PLANS

You can use any of several pay-out plans to redeem your investment
in regular installments. If you redeem Class B shares you may be
subject to a contingent deferred sales charge as discussed in the
prospectus. While the plans differ on how the pay-out is figured,
they all are based on the redemption of the investment. Net
investment income dividends and any capital gain distributions will
automatically be reinvested, unless you elect to receive them in
cash. If you are redeeming a tax-qualified plan account for which
American Express Trust Company acts as custodian, you can elect to
receive your dividends and other distributions in cash when
permitted by law. If you redeem an IRA or a qualified retirement
account, certain restrictions, federal tax penalties and special
federal income tax reporting requirements may apply. You should
consult your tax advisor about this complex area of the tax law.

Applications for a systematic investment in a class of the Fund
subject to a sales charge normally will not be accepted while a
pay-out plan for any of those funds is in effect. Occasional
investments, however, may be accepted.

To start any of these plans, please write or call American Express
Shareholder Service, P.O. Box 534, Minneapolis, MN 55440-0534,
612-671-3733. Your authorization must be received in the
Minneapolis headquarters at least five days before the date you
want your payments to begin. The initial payment must be at least
$50. Payments will be made on a monthly, bimonthly, quarterly,
semiannual or annual basis. Your choice is effective until you
change or cancel it.

<PAGE>
PAGE 90
The following pay-out plans are designed to take care of the needs
of most shareholders in a way AEFC can handle efficiently and at a
reasonable cost. If you need a more irregular schedule of
payments, it may be necessary for you to make a series of
individual redemptions, in which case you'll have to send in a
separate redemption request for each pay-out. The Fund reserves
the right to change or stop any pay-out plan and to stop making
such plans available.

Plan #1: Pay-out for a fixed period of time

If you choose this plan, a varying number of shares will be
redeemed at regular intervals during the time period you choose.
This plan is designed to end in complete redemption of all shares
in your account by the end of the fixed period.

Plan #2: Redemption of a fixed number of shares

If you choose this plan, a fixed number of shares will be redeemed
for each payment and that amount will be sent to you. The length
of time these payments continue is based on the number of shares in
your account.

Plan #3: Redemption of a fixed dollar amount

If you decide on a fixed dollar amount, whatever number of shares
is necessary to make the payment will be redeemed in regular
installments until the account is closed.

Plan #4: Redemption of a percentage of net asset value

Payments are made based on a fixed percentage of the net asset
value of the shares in the account computed on the day of each
payment. Percentages range from 0.25% to 0.75%. For example, if
you are on this plan and arrange to take 0.5% each month, you will
get $50 if the value of your account is $10,000 on the payment
date.

CAPITAL LOSS CARRYOVER

For federal income tax purposes, the Fund had capital loss
carryover of $3,589,371 at Oct. 31, 1995, that will expire as
follows:

2002 2003
$263,520 $3,325,851

It is unlikely that the board will authorize a distribution of any
net realized capital gains until the available capital loss
carryover has been offset or has expired.

TAXES

If you buy shares in the Fund and then exchange into another fund,
it is considered a sale and subsequent purchase of shares. Under
the tax laws, if this exchange is done within 91 days, any sales <PAGE>
PAGE 91
charge waived on Class A shares on a subsequent purchase of shares
applies to the new shares acquired in the exchange. Therefore, you
cannot create a tax loss or reduce a tax gain attributable to the
sales charge when exchanging shares within 91 days.

Retirement Accounts

If you have a nonqualified investment in the Fund and you wish to
move part or all of those shares to an IRA or qualified retirement
account in the Fund, you can do so without paying a sales charge.
However, this type of exchange is considered a sale of shares and
may result in a gain or loss for tax purposes. In addition, this
type of exchange may result in an excess contribution under IRA or
qualified plan regulations if the amount exchanged plus the amount
of the initial sales charge applied to the amount exchanged exceeds
annual contribution limitations. For example: If you were to
exchange $2,000 in Class A shares from a nonqualified account to an
IRA without considering the 5% ($100) initial sales charge
applicable to that $2,000, you may be deemed to have exceeded
current IRA annual contribution limitations. You should consult
your tax advisor for further details about this complex subject.

Net investment income dividends received should be treated as
dividend income for federal income tax purposes. Corporate
shareholders are generally entitled to a deduction equal to 70% of
that portion of the Fund's dividend that is attributable to
dividends the Fund received from domestic (U.S.) securities. For
the fiscal year ended Oct. 31, 1995, 0.04% of the Fund's net
investment income dividends qualified for the corporate deduction.
The exclusion for dividends received by individuals is no longer
available.

The Fund may be subject to U.S. taxes resulting from holdings in a
passive foreign investment company (PFIC). A foreign corporation
is a PFIC when 75% or more of its gross income for the taxable year
is passive income or 50% or more of the average value of its assets
consists of assets that produce or could produce passive income.

Income earned by the Fund may have had foreign taxes imposed and
withheld on it in foreign countries. Tax conventions between
certain countries and the United States may reduce or eliminate
such taxes. If more than 50% of the Fund's total assets at the
close of its fiscal year consists of securities of foreign
corporations, the Fund will be eligible to file an election with
the Internal Revenue Service under which shareholders of the Fund
would be required to include their pro rata portions of foreign
taxes withheld by foreign countries as gross income in their
federal income tax returns. These pro rata portions of foreign
taxes withheld may be taken as a credit or deduction in computing
federal income taxes. If the election is filed, the Fund will
report to its shareholders the per share amount of such foreign
taxes withheld and the amount of foreign tax credit or deduction
available for federal income tax purposes.

<PAGE>
PAGE 92
Capital gain distributions received by individual and corporate
shareholders, if any, should be treated as long-term capital gains
regardless of how long they owned their shares. Short-term capital
gains earned by the Fund are paid to shareholders as part of their
ordinary income dividend and are taxable.

Under the Internal Revenue Code of 1986 (the Code), gains or losses
attributable to fluctuations in exchange rates which occur between
the time the Fund accrues interest or other receivables, or accrues
expenses or other liabilities denominated in a foreign currency and
the time the Fund actually collects such receivables or pays such
liabilities generally are treated as ordinary income or ordinary
loss. Similarly, gains or losses on disposition of debt securities
denominated in a foreign currency attributable to fluctuations in
the value of the foreign currency between the date of acquisition
of the security and the date of disposition also are treated as
ordinary gains or losses. These gains or losses, referred to under
the Code as "section 988" gains or losses, may increase or decrease
the amount of the Fund's investment company taxable income to be
distributed to its shareholders as ordinary income. If the Fund
incurs a loss, a portion of the dividends distributed to
shareholders may be considered a return of capital.

Under federal tax law, by the end of a calendar year the Fund must
declare and pay dividends representing 98% of ordinary income for
that calendar year and 98% of net capital gains (both long-term and
short-term) for the 12-month period ending Oct. 31 of that calendar
year. The Fund is subject to an excise tax equal to 4% of the
excess, if any, of the amount required to be distributed over the
amount actually distributed. The Fund intends to comply with
federal tax law and avoid any excise tax.

For purposes of the excise tax distributions, "section 988"
ordinary gains and losses are distributable based on an Oct. 31
year end. This is an exception to the general rule that ordinary
income is paid based on a calendar year end.

This is a brief summary that relates to federal income taxation
only. Shareholders should consult their tax advisor as to the
application of federal, state and local income tax laws to Fund
distributions.

AGREEMENTS

Investment Management Services Agreement

The Fund has an Investment Management Services Agreement with AEFC.
For its services, AEFC is paid a fee based on the following
schedule:

<PAGE>
PAGE 93
Assets Annual rate at
(billions) each asset level

First $0.25 0.770%
Next 0.25 0.745
Next 0.25 0.720
Next 0.25 0.695
Over 1.0 0.670

On Oct. 31, 1995, the daily rate applied to the Fund's net assets
was equal to 0.752% on an annual basis. The fee is calculated for
each calendar day on the basis of net assets as of the close of
business two business days prior to the day for which the
calculation is made.

The management fee is paid monthly. Under the prior and current
agreements, the total amount paid was $3,930,646 for the fiscal
year ended Oct. 31, 1995, $3,414,109 for fiscal year 1994, and
$1,279,029 for fiscal year 1993.

Under the current Agreement, the Fund also pays taxes, brokerage
commissions and nonadvisory expenses, which include custodian fees;
audit and certain legal fees; fidelity bond premiums; registration
fees for shares; Fund office expenses; postage of confirmations
except purchase confirmations; consultants' fees; compensation of
directors, officers and employees; corporate filing fees;
organizational expenses; expenses incurred in connection with
lending securities of the Fund; and expenses properly payable by
the Fund, approved by the board. Under the prior and current
agreements, the Fund paid nonadvisory expenses of $632,116 for the
fiscal year ended Oct. 31, 1995, $641,964 for fiscal year 1994, and
$281,371 for fiscal year 1993.

Administrative Services Agreement

The Fund has an Administrative Services Agreement with AEFC. Under
this agreement, the Fund pays AEFC for providing administration and
accounting services. The fee is calculated as follows:

Assets Annual rate
(billions) each asset level

First $0.25 0.060%
Next 0.25 0.055
Next 0.25 0.050
Next 0.25 0.045
Over 1.0 0.040

On Oct. 31, 1995, the daily rate applied to the Fund's net assets
was equal to 0.056% on an annual basis. The fee is calculated for
each calendar day on the basis of net assets as of the close of
business two business days prior to the day for which the
calculation is made. Under the agreement, the Fund paid fees of
$186,326 for the fiscal period ended Oct. 31, 1995.

<PAGE>
PAGE 94
Transfer Agency Agreement

The Fund has a Transfer Agency Agreement with AEFC. This agreement
governs AEFC's responsibility for administering and/or performing
transfer agent functions, for acting as service agent in connection
with dividend and distribution functions and for performing
shareholder account administration agent functions in connection
with the issuance, exchange and redemption or repurchase of the
Fund's shares. Under the agreement, AEFC will earn a fee from the
Fund determined by multiplying the number of shareholder accounts
at the end of the day by a rate determined for each class per year
and dividing by the number of days in the year. The rate for Class
A and Class Y is $15.50 per year and for Class B is $16.50 per
year. The fees paid to AEFC may be changed from time to time upon
agreement of the parties without shareholder approval. Under the
agreement the Fund paid fees of $781,961 for the fiscal year ended
Oct. 31, 1995.

Distribution Agreement

Under a Distribution Agreement, sales charges deducted for
distributing Fund shares are paid to American Express Financial
Advisors daily. These charges amounted to $2,844,025 for the
fiscal year ended Oct. 31, 1995. After paying commissions to
personal financial advisors, and other expenses, the amount
retained was $436,482. The amounts were $8,125,263 and $2,870,520
for fiscal year 1994, and $4,555,945 and $1,550,311 for fiscal year
1993.

Additional information about commissions and compensation for the
fiscal year ended Oct. 31, 1995, is contained in the following
table:
<TABLE><CAPTION>
(1) (2) (3) (4) (5)
Net Compensation
Name of Underwriting on Redemption
Principal Discounts and and Brokerage Other
Underwriter Commissions Repurchases Commissions Compensation
<S> <C> <C> <C> <C>
AEFC None None None $182,851**

American
Express
Financial
Advisors $2,844,025 None None None
</TABLE>
*For further information see "Brokerage Commissions Paid to Brokers
Affiliated with AEFC."
**Distribution fees paid pursuant to the Plan and Agreement of
Distribution.

<PAGE>
PAGE 95
Shareholder Service Agreement

The Fund pays a fee for service provided to shareholders by
financial advisors and other servicing agents. The fee is
calculated at a rate of 0.175% of the Fund's average daily net
assets attributable to Class A and Class B shares.

Plan and Agreement of Distribution

For Class B shares, to help American Express Financial Advisors
defray the cost of distribution and servicing not covered by the
sales charges received under the Distribution Agreement, the Fund
and American Express Financial Advisors entered into a Plan and
Agreement of Distribution (Plan). These costs cover almost all
aspects of distributing the Fund's shares except compensation to
the sales force. A substantial portion of the costs are not
specifically identified to any one fund in the IDS MUTUAL FUND
GROUP. Under the Plan, American Express Financial Advisors is paid
a fee at an annual rate of 0.75% of the Fund's average daily net
assets attributable to Class B shares.

The Plan must be approved annually by the board, including a
majority of the disinterested directors, if it is to continue for
more than a year. At least quarterly, the board must review
written reports concerning the amounts expended under the Plan and
the purposes for which such expenditures were made. The Plan and
any agreement related to it may be terminated at any time by vote
of a majority of directors who are not interested persons of the
Fund and have no direct or indirect financial interest in the
operation of the Plan or in any agreement related to the Plan, or
by vote of a majority of the outstanding voting securities of the
Fund or by American Express Financial Advisors. The Plan (or any
agreement related to it) will terminate in the event of its
assignment, as that term is defined in the Investment Company Act
of 1940, as amended. The Plan may not be amended to increase the
amount to be spent for distribution without shareholder approval,
and all material amendments to the Plan must be approved by a
majority of the directors, including a majority of the directors
who are not interested persons of the Fund and who do not have a
financial interest in the operation of the Plan or any agreement
related to it. The selection and nomination of disinterested
directors is the responsibility of the other disinterested
directors. No director who is not an interested person has any
direct or indirect financial interest in the operation of the Plan
or any related agreement. For the fiscal year ended Oct. 31, 1995,
under the prior and current agreements, the Fund paid fees of
$182,851.

Total fees and expenses

Total fees and nonadvisory expenses cannot exceed the most
restrictive applicable state limitation. Currently, the most
restrictive applicable state expense limitation, subject to
exclusion of certain expenses, is 2.5% of the first $30 million of
the Fund's average daily net assets, 2% of the next $70 million and
1.5% of average daily net assets over $100 million, on an annual<PAGE>
PAGE 96

basis. At the end of each month, if the fees and expenses of the
Fund exceed this limitation for the Fund's fiscal year in progress,
AEFC will assume all expenses in excess of the limitation. AEFC
then may bill the Fund for such expenses in subsequent months up to
the end of that fiscal year, but not after that date. No interest
charges are assessed by AEFC for expenses it assumes. The Fund
paid total fees and nonadvisory expenses of $6,283,327 for the
fiscal year ended Oct. 31, 1995.

DIRECTORS AND OFFICERS

The following is a list of the Fund's directors who, except for Mr.
Dudley, also are directors of all other funds in the IDS MUTUAL
FUND GROUP. Mr. Dudley is a director of all publicly offered
funds. All shares have cumulative voting rights with the respect
to the election of directors.

Lynne V. Cheney'
Born in 1941.
American Enterprise Institute
for Public Policy Research (AEI)
1150 17th St., N.W.
Washington, D.C.

Distinguished Fellow AEI. Former Chair of National Endowment of
the Humanities. Director, The Reader's Digest Association Inc.,
Lockheed-Martin, and the Interpublic Group of Companies, Inc.
(advertising), and FPL Group, Inc. (holding company for Florida
Power and Light).

William H. Dudley**
Born in 1932.
2900 IDS Tower
Minneapolis, MN

Executive vice president and director of AEFC.

Robert F. Froehlke+
Born in 1922.
1201 Yale Place
Minneapolis, MN

Former president of all funds in the IDS MUTUAL FUND GROUP.
Director, the ICI Mutual Insurance Co., Institute for Defense
Analyses, Marshall Erdman and Associates, Inc. (architectural
engineering) and Public Oversight Board of the American Institute
of Certified Public Accountants.

David R. Hubers+**
Born in 1943.
2900 IDS Tower
Minneapolis, MN

President, chief executive officer and director of AEFC.
Previously, senior vice president, finance and chief financial
officer of AEFC.<PAGE>
PAGE 97

Heinz F. Hutter+'
Born in 1929.
P.O. Box 5724
Minneapolis, MN

President and chief operating officer, Cargill, Incorporated
(commodity merchants and processors) from February 1991 to
September 1994. Executive vice president from 1981 to February
1991.

Anne P. Jones
Born in 1935.
5716 Bent Branch Rd.
Bethesda, MD

Attorney and telecommunications consultant. Former partner, law
firm of Sutherland, Asbill & Brennan. Director, Motorola, Inc. and
C-Cor Electronics, Inc.

Donald M. Kendall'
Born in 1921.
PepsiCo, Inc.
Purchase, NY

Former chairman and chief executive officer, PepsiCo, Inc.

Melvin R. Laird
Born in 1922.
Reader's Digest Association, Inc.
1730 Rhode Island Ave., N.W.
Washington, D.C.

Senior counsellor for national and international affairs, The
Reader's Digest Association, Inc. Chairman of the board, COMSAT
Corporation, former nine-term congressman, secretary of defense and
presidential counsellor. Director, Martin Marietta Corp.,
Metropolitan Life Insurance Co., The Reader's Digest Association,
Inc., Science Applications International Corp., Wallace Reader's
Digest Funds and Public Oversight Board (SEC Practice Section,
American Institute of Certified Public Accountants).

Lewis W. Lehr'
Born in 1921.
3050 Minnesota World Trade Center
30 E. Seventh St.
St. Paul, MN

Former chairman of the board and chief executive officer, Minnesota
Mining and Manufacturing Company (3M). Director, Jack Eckerd
Corporation (drugstores). Advisory Director, Peregrine Inc.
(microelectronics).

<PAGE>
PAGE 98
William R. Pearce+*
Born in 1927.
901 S. Marquette Ave.
Minneapolis, MN

President of all funds in the IDS MUTUAL FUND GROUP since June
1993. Former vice chairman of the board, Cargill, Incorporated
(commodity merchants and processors).

Edson W. Spencer+
Born in 1926.
4900 IDS Center
80 S. 8th St.
Minneapolis, MN

President, Spencer Associates Inc. (consulting). Chairman of the
board, Mayo Foundation (healthcare). Former chairman of the board
and chief executive officer, Honeywell Inc. Director, Boise
Cascade Corporation (forest products) and CBS Inc. Member of
International Advisory Councils, Robert Bosch (Germany) and NEC
(Japan).

John R. Thomas**
Born in 1937.
2900 IDS Tower
Minneapolis, MN

Senior vice president and director of AEFC.

Wheelock Whitney+
Born in 1926.
1900 Foshay Tower
821 Marquette Ave.
Minneapolis, MN

Chairman, Whitney Management Company (manages family assets).

C. Angus Wurtele'
Born in 1934.
1101 S. 3rd St.
Minneapolis, MN

Chairman of the board and chief executive officer, The Valspar
Corporation (paints). Director, Bemis Corporation (packaging),
Donaldson Company (air cleaners & mufflers) and General Mills, Inc.
(consumer foods).

+ Member of executive committee.
' Member of joint audit committee.
* Interested person by reason of being an officer and employee of
the Fund.
**Interested person by reason of being an officer, director,
employee and/or shareholder of AEFC or American Express.

The board also has appointed officers who are responsible for day-
to-day business decisions based on policies it has established. <PAGE>
PAGE 99

In addition to Mr. Pearce, who is president, the Fund's other
officers are:

Leslie L. Ogg
Born in 1938.
901 S. Marquette Ave.
Minneapolis, MN

Vice president, general counsel and secretary of all funds in the
IDS MUTUAL FUND GROUP.

Officers who also are officers and/or employees of AEFC

Peter J. Anderson
Born in 1942.
IDS Tower 10
Minneapolis, MN

Vice president-investments of all funds in the IDS MUTUAL FUND
GROUP. Director and senior vice president-investments of AEFC.

Melinda S. Urion
Born in 1953.
IDS Tower 10
Minneapolis, MN

Treasurer of all funds in the IDS MUTUAL FUND GROUP. Director,
Senior vice president and chief financial officer of AEFC.
Director and executive vice president and controller of IDS Life
Insurance Company.

Members of the board who are not officers of the Fund or of AEFC
receive an annual fee of $600. They also receive attendance and
other fees, the cost of which the Fund shares with the other funds
in the IDS MUTUAL FUND GROUP. These fees include attendance of
meetings of the Board, $1,000; meetings of the Contracts Committee,
$750; meetings of the Audit, Board, Executive or Investment Review
Committees, $500; meetings of the Personnel Committee, $300; out-
of-state, $500; and Chair of the Contracts Committee, $5,000.
Expenses for attending those meetings are also reimbursed. Upon
retirement age, or earlier if for approved reasons, the independent
directors receive monthly payments equal to 1/2 of the annual fee
divided by 12 for as many months as the director served on the
board up to 120 months or until the date of death. There are no
death benefits and the plan is not funded.

During the fiscal year ended Oct. 31, 1995, the members of the
board, for attending up to 28 meetings, received the following
compensation:

<PAGE>
PAGE 100
<TABLE><CAPTION>
Compensation Table
Pension or
Aggregate Retirement Estimated Total cash
compensation benefits annual compensation
from the accrued as benefit upon from the IDS
Board member Fund Fund expenses retirement MUTUAL FUND GROUP
<S> <C> <C> <C> <C>
Lynne V. Cheney $ 951 $ 184 $ 375 $69,500
Robert F. Froehlke 1,005 708 325 71,700
Heinz F. Hutter 894 297 181 67,300
Anne P. Jones 976 180 375 70,500
Donald M. Kendall 836 867 216 65,000
Melvin R. Laird 976 505 272 70,500
Lewis W. Lehr 956 770 213 69,700
Edson W. Spencer 1,034 580 200 73,000
Wheelock Whitney 968 362 375 70,200
C. Angus Wurtele 874 287 372 66,500
</TABLE>
On Oct. 31, 1995, the Fund's directors and officers as a group
owned less than 1% of the outstanding shares. During the fiscal
year ended Oct. 31, 1995, no director or officer earned more than
$60,000 from this Fund. All directors and officers as a group
earned $18,266, including $4,740 of retirement plan benefits, from
this Fund.

CUSTODIAN

The Fund's securities and cash are held by American Express Trust
Company, 1200 Northstar Center West, 625 Marquette Ave.,
Minneapolis, MN 55402-2307, through a custodian agreement. The
custodian is permitted to deposit some or all of its securities in
central depository systems as allowed by federal law.

The custodian has entered into a sub-custodian arrangement with the
Morgan Stanley Trust Company (Morgan Stanley), One Pierrepont
Plaza, Eighth Floor, Brooklyn, NY 11201-2775. As part of this
arrangement, securities purchased outside the United States are
maintained in the custody of various foreign branches of Morgan
Stanley or in such other financial institutions as may be permitted
by law and by the Fund's sub-custodian agreement.

INDEPENDENT AUDITORS

The financial statements contained in the Annual Report to
shareholders for the fiscal year ended Oct. 31, 1995, were audited
by independent auditors, KPMG Peat Marwick LLP, 4200 Norwest
Center, 90 S. Seventh St., Minneapolis, MN 55402-3900. The
independent auditors also provide other accounting and tax-related
services as requested by the Fund.

FINANCIAL STATEMENTS

The Independent Auditors' Report and the Financial Statements,
including Notes to the Financial Statements and the Schedule of
Investments in Securities, contained in the 1995 Annual Report to <PAGE>
PAGE 101
shareholders, pursuant to Section 30(d) of the Investment Company
Act of 1940, as amended, are hereby incorporated in this SAI by
reference. No other portion of the Annual Report, however, is
incorporated by reference.

PROSPECTUS

The prospectus for IDS Global Bond Fund dated Dec. 29, 1995, is
hereby incorporated in this SAI by reference.
<PAGE>
PAGE 102
APPENDIX A

FOREIGN CURRENCY TRANSACTIONS

Since investments in foreign countries usually involve currencies
of foreign countries, and since the Fund may hold cash and cash-
equivalent investments in foreign currencies, the value of the
Fund's assets as measured in U.S. dollars may be affected favorably
or unfavorably by changes in currency exchange rates and exchange
control regulations. Also, the Fund may incur costs in connection
with conversions between various currencies.

Spot Rates and Forward Contracts. The Fund conducts its foreign
currency exchange transactions either at the spot (cash) rate
prevailing in the foreign currency exchange market or by entering
into forward currency exchange contracts (forward contracts) as a
hedge against fluctuations in future foreign exchange rates. A
forward contract involves an obligation to buy or sell a specific
currency at a future date, which may be any fixed number of days
from the contract date, at a price set at the time of the contract.
These contracts are traded in the interbank market conducted
directly between currency traders (usually large commercial banks)
and their customers. A forward contract generally has no deposit
requirements. No commissions are charged at any stage for trades.

The Fund may enter into forward contracts to settle a security
transaction or handle dividend and interest collection. When the
Fund enters into a contract for the purchase or sale of a security
denominated in a foreign currency or has been notified of a
dividend or interest payment, it may desire to lock in the price of
the security or the amount of the payment in dollars. By entering
into a forward contract, the Fund will be able to protect itself
against a possible loss resulting from an adverse change in the
relationship between different currencies from the date the
security is purchased or sold to the date on which payment is made
or received or when the dividend or interest is actually received.

The Fund also may enter into forward contracts when management of
the Fund believes the currency of a particular foreign country may
change in relationship to the U.S. dollar or another currency. The
precise matching of forward contract amounts and the value of such
securities in foreign currencies more than likely will change
between the date the forward contract is entered into and the date
it matures. The projection of short-term currency market movements
is extremely difficult and successful execution of a short-term
hedging strategy is highly uncertain. The Fund will not enter into
such forward contracts or maintain a net exposure to such contracts
when consummating the contracts would obligate the Fund to deliver
an amount of foreign currency in excess of an offsetting position
composed of the Fund's securities and cash. Under normal
circumstances, consideration of the prospect for currency parities
will be incorporated into the longer term investment strategies.
The investment manager believes it is important, however, to have
the flexibility to enter into such forward contracts when it
determines it is in the best interest of the Fund to do so.
<PAGE>
PAGE 103
The Fund will designate cash or securities in an amount equal to
the value of the Fund's total assets committed to consummating
forward contracts entered into under the second circumstance set
forth above. If the value of the securities declines, additional
cash or securities will be designated on a daily basis so that the
value of the cash or securities will equal the amount of the Fund's
commitments on such contracts.

At maturity of a forward contract, the Fund may either sell the
security and make delivery of the foreign currency or retain the
security and terminate its contractual obligation to deliver the
foreign currency by purchasing an offsetting contract with the same
currency trader obligating it to buy, on the same maturity date,
the same amount of foreign currency.

If the Fund retains the security and engages in an offsetting
transaction, the Fund will incur a gain or a loss (as described
below) to the extent there has been movement in forward contract
prices. If the Fund engages in an offsetting transaction, it may
subsequently enter into a new forward contract to sell the foreign
currency. Should forward prices decline between the date the Fund
enters into a forward contract for selling foreign currency and the
date it enters into an offsetting contract for purchasing the
foreign currency, the Fund will realize a gain to the extent the
price of the currency it has agreed to sell exceeds the price of
the currency it has agreed to buy. Should forward prices increase,
the Fund will suffer a loss to the extent the price of the currency
it has agreed to buy exceeds the price of the currency it has
agreed to sell.

It is impossible to forecast what the market value of securities
will be at the expiration of a contract. Accordingly, it may be
necessary for the Fund to buy additional foreign currency on the
spot market (and bear the expense of such purchase) if the market
value of the security is less than the amount of foreign currency
the Fund is obligated to deliver and a decision is made to sell the
security and make delivery of the foreign currency. Conversely, it
may be necessary to sell on the spot market some of the foreign
currency received on the sale of the security if its market value
exceeds the amount of foreign currency the Fund is obligated to
deliver.

The Fund's dealing in forward contracts will be limited to the
transactions described above. This method of protecting the value
of the Fund's securities against a decline in the value of a
currency does not eliminate fluctuations in the underlying prices
of the securities. It simply establishes a rate of exchange that
can be achieved at some point in time. Although such forward
contracts tend to minimize the risk of loss due to a decline in
value of hedged currency, they tend to limit any potential gain
that might result should the value of such currency increase.

Although the Fund values its assets each business day in terms of
U.S. dollars, it does not intend to convert its foreign currencies
into U.S. dollars on a daily basis. It will do so from time to
<PAGE>
PAGE 104
time, and shareholders should be aware of currency conversion
costs. Although foreign exchange dealers do not charge a fee for
conversion, they do realize a profit based on the difference
(spread) between the prices at which they are buying and selling
various currencies. Thus, a dealer may offer to sell a foreign
currency to the Fund at one rate, while offering a lesser rate of
exchange should the Fund desire to resell that currency to the
dealer.

Options on Foreign Currencies. The Fund may buy put and write
covered call options on foreign currencies for hedging purposes.
For example, a decline in the dollar value of a foreign currency in
which securities are denominated will reduce the dollar value of
such securities, even if their value in the foreign currency
remains constant. In order to protect against such diminutions in
the value of securities, the Fund may buy put options on the
foreign currency. If the value of the currency does decline, the
Fund will have the right to sell such currency for a fixed amount
in dollars and will thereby offset, in whole or in part, the
adverse effect on its portfolio which otherwise would have
resulted.

Conversely, where a change in the dollar value of a currency in
which securities to be acquired are denominated is projected, which
would increase the cost of such securities, the Fund may buy call
options thereon. The purchase of such options could offset, at
least partially, the effects of the adverse movements in exchange
rates.

As in the case of other types of options, however, the benefit to
the Fund derived from purchases of foreign currency options will be
reduced by the amount of the premium and related transaction costs.
In addition, where currency exchange rates do not move in the
direction or to the extent anticipated, the Fund could sustain
losses on transactions in foreign currency options which would
require it to forego a portion or all of the benefits of
advantageous changes in such rates.

Similarly, instead of purchasing a call option to hedge against an
anticipated increase in the dollar cost of securities to be
acquired, the Fund could write a put option on the relevant
currency which, if rates move in the manner projected, will expire
unexercised and allow the Fund to hedge such increased cost up to
the amount of the premium.<PAGE>
PAGE 105
As in the case of other types of options, however, the writing of a
foreign currency option will constitute only a partial hedge up to
the amount of the premium, and only if rates move in the expected
direction. If this does not occur, the option may be exercised and
the Fund would be required to buy or sell the underlying currency
at a loss which may not be offset by the amount of the premium.
Through the writing of options on foreign currencies, the Fund also
may be required to forego all or a portion of the benefits which
might otherwise have been obtained from favorable movements on
exchange rates.

All options written on foreign currencies will be covered. An
option written on foreign currencies is covered if the Fund holds
currency sufficient to cover the option or has an absolute and
immediate right to acquire that currency without additional cash
consideration upon conversion of assets denominated in that
currency or exchange of other currency held in its portfolio. An
option writer could lose amounts substantially in excess of its
initial investments, due to the margin and collateral requirements
associated with such positions.

Options on foreign currencies are traded through financial
institutions acting as market-makers, although foreign currency
options also are traded on certain national securities exchanges,
such as the Philadelphia Stock Exchange and the Chicago Board
Options Exchange, subject to SEC regulation. In an over-the-
counter trading environment, many of the protections afforded to
exchange participants will not be available. For example, there
are no daily price fluctuation limits, and adverse market movements
could therefore continue to an unlimited extent over a period of
time. Although the purchaser of an option cannot lose more than
the amount of the premium plus related transaction costs, this
entire amount could be lost.

Foreign currency option positions entered into on a national
securities exchange are cleared and guaranteed by the Options
Clearing Corporation (OCC), thereby reducing the risk of
counterparty default. Further, a liquid secondary market in
options traded on a national securities exchange may be more
readily available than in the over-the-counter market, potentially
permitting the Fund to liquidate open positions at a profit prior
to exercise or expiration, or to limit losses in the event of
adverse market movements.

The purchase and sale of exchange-traded foreign currency options,
however, is subject to the risks of availability of a liquid
secondary market described above, as well as the risks regarding
adverse market movements, margining of options written, the nature
of the foreign currency market, possible intervention by
governmental authorities and the effects of other political and
economic events. In addition, exchange-traded options on foreign
currencies involve certain risks not presented by the over-the-
counter market. For example, exercise and settlement of such
options must be made exclusively through the OCC, which has
established banking relationships in certain foreign countries for
the purpose. As a result, the OCC may, if it determines that <PAGE>
PAGE 106
foreign governmental restrictions or taxes would prevent the
orderly settlement of foreign currency option exercises, or would
result in undue burdens on OCC or its clearing member, impose
special procedures on exercise and settlement, such as technical
changes in the mechanics of delivery of currency, the fixing of
dollar settlement prices or prohibitions on exercise.

Foreign Currency Futures and Related Options. The Fund may enter
into currency futures contracts to buy or sell currencies. It also
may buy put and call options and write covered call and cash-
secured put options on currency futures. Currency futures
contracts are similar to currency forward contracts, except that
they are traded on exchanges (and have margin requirements) and are
standardized as to contract size and delivery date. Most currency
futures call for payment of delivery in U.S. dollars. The Fund may
use currency futures for the same purposes as currency forward
contracts, subject to Commodity Futures Trading Commission (CFTC)
limitations. All futures contracts are aggregated for purposes of
the percentage limitations.

Currency futures and options on futures values can be expected to
correlate with exchange rates, but will not reflect other factors
that may affect the values of the Fund's investments. A currency
hedge, for example, should protect a Yen-denominated bond against a
decline in the Yen, but will not protect the Fund against price
decline if the issuer's creditworthiness deteriorates. Because the
value of the Fund's investments denominated in foreign currency
will change in response to many factors other than exchange rates,
it may not be possible to match the amount of a forward contract to
the value of the Fund's investments denominated in that currency
over time.

The Fund will not use leverage in its currency options and futures
strategies. The Fund will hold securities or other options or
futures positions whose values are expected to offset its
obligations. The Fund will not enter into an option or futures
position that exposes the Fund to an obligation to another party
unless it owns either (i) an offsetting position in securities or
(ii) cash, receivables and short-term debt securities with a value
sufficient to cover its potential obligations.
<PAGE>
PAGE 107
APPENDIX B

OPTIONS AND FUTURES CONTRACTS

The Fund may buy or write options traded on any U.S. or foreign
exchange or in the over-the-counter market. The Fund may enter
into interest rate futures contracts and stock index futures
contracts traded on any U.S. or foreign exchange. The Fund also
may buy or write put and call options on these futures and on stock
indexes. Options in the over-the-counter market will be purchased
only when the investment manager believes a liquid secondary market
exists for the options and only from dealers and institutions the
investment manager believes present a minimal credit risk. Some
options are exercisable only on a specific date. In that case, or
if a liquid secondary market does not exist, the Fund could be
required to buy or sell securities at disadvantageous prices,
thereby incurring losses.

OPTIONS. An option is a contract. A person who buys a call option
for a security has the right to buy the security at a set price for
the length of the contract. A person who sells a call option is
called a writer. The writer of a call option agrees to sell the
security at the set price when the buyer wants to exercise the
option, no matter what the market price of the security is at that
time. A person who buys a put option has the right to sell a
security at a set price for the length of the contract. A person
who writes a put option agrees to buy the security at the set price
if the purchaser wants to exercise the option, no matter what the
market price of the security is at that time. An option is covered
if the writer owns the security (in the case of a call) or sets
aside the cash or securities of equivalent value (in the case of a
put) that would be required upon exercise.

The price paid by the buyer for an option is called a premium. In
addition the buyer generally pays a broker a commission. The
writer receives a premium, less another commission, at the time the
option is written. The cash received is retained by the writer
whether or not the option is exercised. A writer of a call option
may have to sell the security for a below-market price if the
market price rises above the exercise price. A writer of a put
option may have to pay an above-market price for the security if
its market price decreases below the exercise price. The risk of
the writer is potentially unlimited, unless the option is covered.

Options can be used to produce incremental earnings, protect gains
and facilitate buying and selling securities for investment
purposes. The use of options may benefit the Fund and its
shareholders by improving the Fund's liquidity and by helping to
stabilize the value of its net assets.

Buying options. Put and call options may be used as a trading
technique to facilitate buying and selling securities for
investment reasons. Options are used as a trading technique to
take advantage of any disparity
<PAGE>
PAGE 108
between the price of the underlying security in the securities
market and its price on the options market. It is anticipated the
trading technique will be utilized only to effect a transaction
when the price of the security plus the option price will be as
good or better than the price at which the security could be bought
or sold directly. When the option is purchased, the Fund pays a
premium and a commission. It then pays a second commission on the
purchase or sale of the underlying security when the option is
exercised. For record keeping and tax purposes, the price obtained
on the purchase of the underlying security will be the combination
of the exercise price, the premium and both commissions. When
using options as a trading technique, commissions on the option
will be set as if only the underlying securities were traded.

Put and call options also may be held by the Fund for investment
purposes. Options permit the Fund to experience the change in the
value of a security with a relatively small initial cash
investment.

The risk the Fund assumes when it buys an option is the loss of the
premium. To be beneficial to the Fund, the price of the underlying
security must change within the time set by the option contract.
Furthermore, the change must be sufficient to cover the premium
paid, the commissions paid both in the acquisition of the option
and in a closing transaction or in the exercise of the option and
sale (in the case of a call) or purchase (in the case of a put) of
the underlying security. Even then the price change in the
underlying security does not assure a profit since prices in the
option market may not reflect such a change.

Writing covered options. The Fund will write covered options when
it feels it is appropriate and will follow these guidelines:

'Underlying securities will continue to be bought or sold solely on
the basis of investment considerations consistent with the Fund's
goal.

'All options written by the Fund will be covered. For covered call
options if a decision is made to sell the security, or for put
options if a decision is made to buy the security, the Fund will
attempt to terminate the option contract through a closing purchase
transaction.

A call option written by the Fund will be covered (i) if the Fund
owns the security in connection with which the option was written,
or has an absolute and immediate right to acquire such security
upon conversion of exchange or other securities held in its
portfolio, or (ii) in such other manner that is in accordance with
the rules of the exchange on which the option is traded and
applicable laws and regulations. A put option written by the Fund
will be covered through (i) segregation in a segregated account
held by the Fund's custodian of cash, short-term U.S. government
securities or money market instruments in an amount equal to the
exercise price of the option, or (ii) in any other manner that is
in accordance with the requirements of the exchange on which the
option is traded and applicable laws and regulations.<PAGE>
PAGE 109
Upon exercise of the option, the holder is required to pay the
purchase price of the underlying security in the case of a call
option, or to deliver the security in return for the purchase price
in the case of a put option. Conversely the writer is required to
deliver the security in the case of a call option or to purchase
the security in the case of a put option. Options that have been
purchased or written may be closed out prior to exercise or
expiration by entering into an offsetting transaction on the
exchange on which the initial position was established subject to
the availability of a liquid secondary market.

The Fund will realize a profit from a closing transaction if the
premium paid in connection with the closing of an option written by
the Fund is less than the premium received from writing the option.
Conversely, the Fund will suffer a loss if the premium paid is more
than the premium received. The Fund also will profit if the
premium received in connection with the closing of an option
purchased by the Fund is more than the premium paid for the
original purchase. Conversely, the Fund will suffer a loss if the
premium received is less than the premium paid in establishing the
option position.

The Fund may deal in options on securities that are traded in U.S.
and foreign securities exchanges and over-the-counter markets and
on domestic and foreign securities indexes.

The Fund will write options only as permitted under federal or
state laws or regulations, such as those that limit the amount of
total assets subject to the options. While no limit has been set
by the Fund, it will conform to the requirements of those states.
For example, California limits the writing of options to 50% of the
assets of a fund.

Net premiums on call options closed or premiums on expired call
options are treated as short-term capital gains. Since the Fund is
taxed as a regulated investment company under the Internal Revenue
Code, any gains on options and other securities held less than
three months must be limited to less than 30% of its annual gross
income.

If a covered call option is exercised, the security is sold by the
Fund. The premium received upon writing the option is added to the
proceeds received from the sale of the security. The Fund will
recognize a capital gain or loss based upon the difference between
the proceeds and the security's basis. Premiums received from
writing outstanding call options are included as a deferred credit
in the Statement of Assets and Liabilities and adjusted daily to
the current market value.

performance of the contracts. There are contracts based on U.S.
Treasury bonds, Standard & Poor's 500 Index (S&P 500 Index) and
other broad stock market indexes as well as narrower sub-indexes.
The S&P 500 Index assigns relative weightings to the common stocks
included in the Index and the Index fluctuates with changes in the
market values of those stocks. In the case of S&P 500 index
futures contracts, the specified multiple is $500. Thus, if the
value of the S&P 500 Index were 150, the value of one contract
would be $75,000 (150 x $500).

Unlike other futures contracts, a stock index futures contract
specifies that no delivery of the actual stocks making up the index
will take place. Instead, settlement in cash must occur upon the
termination of the contract. For example, excluding any
transaction costs, if the Fund enters into one futures contract to
buy the S&P 500 Index at a specified future date at a contract
value of 150 and the S&P 500 Index is at 154 on that future date,
the Fund will gain $500 x (154-150) or $2,000. If the Fund enters
into one futures contract to sell the S&P 500 Index at a specified
future date at a contract value of 150 and the S&P 500 Index is at
152 on that future date, the Fund will lose $500 x (152-150) or
$1,000.

Generally, a futures contract is terminated by entering into an
offsetting transaction. An offsetting transaction is effected by
the Fund taking an opposite position. At the time a futures
contract is made, a good faith deposit called initial margin is set
up within a segregated account at the Fund's custodian bank. Daily
thereafter, the futures contract is valued and the payment of
variation margin is required so that each day the Fund would pay
out cash in an amount equal to any decline in the contract's value
or receive cash equal to any increase. At the time a futures
contract is closed out, a nominal commission is paid, which is
generally lower than the commission on a comparable transaction in
the cash markets.

The purpose of a futures contract is to allow the Fund to gain
rapid exposure to or protect itself from changes in the market
without actually buying or selling securities. For example, a Fund
may find itself with a high cash position at the beginning of a
market rally. Conventional procedures of purchasing a number of
individual issues entail the lapse of time and the possibility of
missing a significant market movement. By using futures contracts,
the Fund can obtain immediate exposure to the market and benefit
from the beginning stages of a rally. The buying program can then
proceed and once it is completed (or as it proceeds), the contracts
can be closed. Conversely, in the early stages of a market
decline, market exposure can be promptly offset by entering into
stock index futures contracts to sell units of an index and
individual stocks can be sold over a longer period under cover of
the resulting short contract position.

<PAGE>
PAGE 111
Risks of Transactions in Futures Contracts

The Fund may elect to close some or all of its contracts prior to
expiration. Although the Fund intends to enter into futures
contracts only on exchanges or boards of trade where there appears
to be an active secondary market, there is no assurance that a
liquid secondary market will exist for any particular contract at
any particular time. In such event, it may not be possible to
close a futures contract position, and in the event of adverse
price movements, the Fund would have to make daily cash payments of
variation margin. Such price movements, however, will be offset
all or in part by the price movements of the securities owned by
the Fund. Of course, there is no guarantee the price of the
securities will correlate with the price movements in the futures
contract and thus provide an offset to losses on a futures
contract.

Another risk in employing futures contracts to protect against the
price volatility of securities is that the prices of securities
subject to futures contracts may not correlate perfectly with the
behavior of the cash prices of the Fund's securities. The
correlation may be distorted because the futures market is
dominated by short-term traders seeking to profit from the
difference between a contract or security price and their cost of
borrowed funds. Such distortions are generally minor and would
diminish as the contract approached maturity.

In addition, the Fund's investment manager could be incorrect in
its expectations as to the direction or extent of various interest
rate or market movements or the time span within which the
movements take place. For example, if the Fund sold futures
contracts in anticipation of a market decline and the market
rallied instead, the Fund would lose part or all of the benefit of
the increased value of the stock it has hedged because it will have
offsetting losses in its futures positions.

OPTIONS ON FUTURES CONTRACTS. Options on future contracts give the
holder a right to buy or sell futures contracts in the future.
Unlike a futures contract, which requires the parties to the
contract to buy and sell a security on a set date, an option on a
futures contract merely entitles its holder to decide on or before
a future date (within nine months of the date of issue) whether to
enter into such a contract. If the holder decides not to enter
into the contract, all that is lost is the amount (premium) paid
for the option. Furthermore, because the value of the option is
fixed at the point of sale, there are no daily payments of cash to
reflect the change in the value of the underlying contract.
However, since an option gives the buyer the right to enter into a
contract at a set price for a fixed period of time, its value does
change daily and that change is reflected in the net asset value of
the Fund.

The risk the Fund assumes when it buys an option is the loss of the
premium paid for the option. The risk involved in writing options
on futures contracts the Fund owns, or on securities held in its<PAGE>
PAGE 112
portfolio, is that there could be an increase in the market value
of such contracts or securities. If that occurred, the option
would be exercised and the asset sold at a lower price than the
cash market price. To some extent, the risk of not realizing a
gain could be reduced by entering into a closing transaction. The
Fund could enter into a closing transaction by purchasing an option
with the same terms as the one it had previously sold. The cost to
close the option and terminate the Fund's obligation, however,
might be more or less than the premium received when it originally
wrote the option. Furthermore, the Fund might not be able to close
the option because of insufficient activity in the options market.
Purchasing options also limits the use of monies that might
otherwise be available for long-term investments.

OPTIONS ON STOCK INDEXES. Options on stock indexes are securities
traded on national securities exchanges. An option on a stock
index is similar to an option on a futures contract except all
settlements are in cash. A fund exercising a put, for example,
would receive the difference between the exercise price and the
current index level. Such options would be used in the same manner
as options on futures contracts.

TAX TREATMENT. As permitted under federal income tax laws, the
Fund intends to identify futures contracts as mixed straddles and
not mark them to market, that is, not treat them as having been
sold at the end of the year at market value. Such an election may
result in the Fund being required to defer recognizing losses
incurred by entering into futures contracts and losses on
underlying securities identified as being hedged against.

Federal income tax treatment of gains or losses from transactions
in options on futures contracts and indexes will depend on whether
such option is a section 1256 contract. If the option is a non-
equity option, the Fund will either make a 1256(d) election and
treat the option as a mixed straddle or mark to market the option
at fiscal year end and treat the gain/loss as 40% short-term and
60% long-term. Certain provisions of the Internal Revenue Code may
also limit the Fund's ability to engage in futures contracts and
related options transactions. For example, at the close of each
quarter of the Fund's taxable year, at least 50% of the value of
its assets must consist of cash, government securities and other
securities, subject to certain diversification requirements. Less
than 30% of its gross income must be derived from sales of
securities held less than three months.

The IRS has ruled publicly that an exchange-traded call option is a
security for purposes of the 50%-of-assets test and that its issuer
is the issuer of the underlying security, not the writer of the
option, for purposes of the diversification requirements. In order
to avoid realizing a gain within the three-month period, the Fund
may be required to defer closing out a contract beyond the time
when it might otherwise be advantageous to do so. The Fund also
may be restricted in purchasing put options for the purpose of
hedging underlying securities because of applying the short sale
holding period rules with respect to such underlying securities.<PAGE>
PAGE 113
Accounting for futures contracts will be according to generally
accepted accounting principles. Initial margin deposits will be
recognized as assets due from a broker (the Fund's agent in
acquiring the futures position). During the period the futures
contract is open, changes in value of the contract will be
recognized as unrealized gains or losses by marking to market on a
daily basis to reflect the market value of the contract at the end
of each day's trading. Variation margin payments will be made or
received depending upon whether gains or losses are incurred. All
contracts and options will be valued at the last-quoted sales price
on their primary exchange.
<PAGE>
PAGE 114
APPENDIX C

MORTGAGE-BACKED SECURITIES

A mortgage pass-through certificate is one that represents an
interest in a pool, or group, of mortgage loans assembled by the
Government National Mortgage Association (GNMA), Federal Home Loan
Mortgage Corporation (FHLMC), Federal National Mortgage Association
(FNMA) or non-governmental entities. In pass-through certificates,
both principal and interest payments, including prepayments, are
passed through to the holder of the certificate. Prepayments on
underlying mortgages result in a loss of anticipated interest, and
the actual yield (or total return) to the Fund, which is influenced
by both stated interest rates and market conditions, may be
different than the quoted yield on certificates. Some U.S.
government securities may be purchased 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.

Stripped Mortgage-Backed Securities. The Fund may invest in
stripped mortgage-backed securities. Generally, there are two
classes of stripped mortgage-backed securities: Interest Only (IO)
and Principal Only (PO). IOs entitle the holder to receive
distributions consisting of all or a portion of the interest on the
underlying pool of mortgage loans or mortgage-backed securities.
POs entitle the holder to receive distributions consisting of all
or a portion of the principal of the underlying pool of mortgage
loans or mortgage-backed securities. The cash flows and yields on
IOs and POs are extremely sensitive to the rate of principal
payments (including prepayments) on the underlying mortgage loans
or mortgage-backed securities. A rapid rate of principal payments
may adversely affect the yield to maturity of IOs. A slow rate of
principal payments may adversely affect the yield to maturity of
POs. On an IO, if prepayments of principal are greater than
anticipated, an investor may incur substantial losses. If
prepayments of principal are slower than anticipated, the yield on
a PO will be affected more severely than would be the case with a
traditional mortgage-backed security.

Mortgage-Backed Security Spread Options. The Fund may purchase
mortgage-backed security (MBS) put spread options and write covered
MBS call spread options. MBS spread options are based upon the
changes in the price spread between a specified mortgage-backed
security and a like-duration Treasury security. MBS spread options
are traded in the OTC market and are of short duration, typically
one to two months. The Fund would buy or sell covered MBS call
spread options in situations where mortgage-backed securities are
expected to underperform like-duration Treasury securities.
<PAGE>
PAGE 115
APPENDIX D

DOLLAR-COST AVERAGING

A technique that works well for many investors is one that
eliminates random buy and sell decisions. One such system is
dollar-cost averaging. Dollar-cost averaging involves building a
portfolio through the investment of fixed amounts of money on a
regular basis regardless of the price or market condition. This
may enable an investor to smooth out the effects of the volatility
of the financial markets. By using this strategy, more shares will
be purchased when the price is low and less when the price is high.
As the accompanying chart illustrates, dollar-cost averaging tends
to keep the average price paid for the shares lower than the
average market price of shares purchased, although there is no
guarantee.

While this does not ensure a profit and does not protect against a
loss if the market declines, it is an effective way for many
shareholders who can continue investing through changing market
conditions to accumulate shares in a fund to meet long-term goals.

Dollar-cost averaging

___________________________________________________________________
Regular Market Price Shares
Investment of a Share Acquired
$100 $6.00 16.7
100 4.00 25.0
100 4.00 25.0
100 6.00 16.7
100 5.00 20.0
$500 $25.00 103.4

Average market price of a share over 5 periods:
$5.00 ($25.00 divided by 5).
The average price you paid for each share:
$4.84 ($500 divided by 103.4).
<PAGE>
PAGE 116

IDS GLOBAL SERIES, INC.

STATEMENT OF ADDITIONAL INFORMATION

FOR

IDS GLOBAL GROWTH FUND

Dec. 29, 1995

This SAI is dated Dec. 29, 1995, and it is to be used with the
prospectus dated Dec. 29, 1995, and the Annual Report for the
fiscal year ended Oct. 31, 1995.
<PAGE>
PAGE 117
TABLE OF CONTENTS

Goal and Investment Policies......................See Prospectus

Additional Investment Policies................................p. 3

Portfolio Transactions........................................p. 6

Brokerage Commissions Paid to Brokers Affiliated with
American Express Financial Corporation........................p. 9

Performance Information.......................................p.10

Valuing Fund Shares...........................................p.11

Investing in the Fund.........................................p.12

Redeeming Shares..............................................p.16

Pay-out Plans.................................................p.17

Taxes.........................................................p.18

Agreements....................................................p.20

Directors and Officers........................................p.24

Custodian.....................................................p.28

Independent Auditors..........................................p.29

Financial Statements..............................See Annual Report

Prospectus....................................................p.29

Appendix A: Foreign Currency Transactions....................p.30

Appendix B: Options and Futures Contracts....................p.35

Appendix C: Mortgage-Backed Securities.......................p.42

Appendix D: Dollar-Cost Averaging............................p.43
<PAGE>
PAGE 118
ADDITIONAL INVESTMENT POLICIES

Subject to certain contingencies, the Fund intends in early 1996 to
achieve its goals by investing all of its assets in World Growth
Portfolio (the "Portfolio") of the World Trust (the "Trust"), a
separate investment company, rather than by directly investing in
and managing its own portfolio of securities. The Portfolio has
the same investment objectives, policies and restrictions as the
Fund.

'Make cash loans if the total commitment amount exceeds 5% of the
Fund's total assets.

'Purchase more than 10% of the outstanding voting securities of an
issuer.

'Invest more than 5% of its total assets in securities of any one
company, government or political subdivision thereof, except the
limitation will not apply to investments in securities issued by
the U.S. government, its agencies or instrumentalities, and except
that up to 25% of the Fund's total assets may be invested wihtout
regard to this 5% limitation.
<PAGE>
PAGE 119

'Buy or sell physical commodities unless acquired as a result of
ownership of securities or other instruments, except this shall not
prevent the Fund from buying or selling options and futures
contracts or from investing in securities or other instruments
backed by, or whose value is derived from, physical commodities.

'Make a loan of any part of its assets to American Express
Financial Corporation (AEFC), to the directors and officers of AEFC
or to its own directors and officers.

'Purchase securities of an issuer if the directors and officers of
the Fund and of American Express Financial Corporation (AEFC) hold
more than a certain percentage of the issuer's outstanding
securities. If the holdings of all directors and officers of the
Fund and of AEFC who own more than 0.5% of an issuer's securities
are added together, and if in total they own more than 5%, the Fund
will not purchase securities of that issuer.

'Lend Fund securities in excess of 30% of its net assets. The
current policy of the Fund's board of directors (the "board") is to
make these loans, either long- or short-term, to broker-dealers.
In making such loans the Fund gets the market price in cash, U.S.
government securities, letters of credit or such other collateral
as may be permitted by regulatory agencies and approved by the
board. If the market price of the loaned securities goes up, the
Fund will get additional collateral on a daily basis. The risks
are that the borrower may not provide additional collateral when
required or return the securities when due. During the existence
of the loan, the Fund receives cash payments equivalent to all
interest or other distributions paid on the loaned securities. A
loan will not be made unless the investment manager believes the
opportunity for additional income outweighs the risks.

Unless changed by the board, the Fund will not:

'Buy on margin or sell short, but it may make margin payments in
connection with transactions in futures contracts.

'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 purposes of this
restriction, collateral arrangements for margin deposits on a
futures contract are not deemed to be a pledge of assets.<PAGE>
PAGE 120
'Invest more than 5% of its total assets in securities of domestic
or foreign companies, including any predecessors, that have a
record of less than three years continuous operations.

'Invest more than 10% of its total assets in securities of
investment companies.

'Invest in a company to control or manage it.

'Invest in exploration or development programs such as oil, gas or
mineral leases.

'Invest more than 5% of its net assets in warrants. Under one
state's law no more than 2% of the Fund's net assets may be
invested in warrants not listed on the New York or American Stock
Exchange.

'Invest more than 10% of its 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 predecessor, 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, will consider any relevant
factors including the frequency of trades, the number of dealers
willing to purchase or sell the security and the nature of
marketplace trades.

The Fund may make contracts to purchase securities for a fixed
price at a future date beyond normal settlement time (when-issued
securities or forward commitments). 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 receive dividends or interest on them until the
contractual settlement date. The Fund will designate cash or<PAGE>
PAGE 121
liquid high-grade debt securities at least equal in value to its
commitments to purchase the securities. When-issued securities or
forward commitments are subject to market fluctuations and they may
affect the fund's total assets the same as owned securities.

The Fund may maintain a portion of its assets in cash and cash-
equivalent investments. The cash-equivalent investments the Fund
may use are short-term U.S. and Canadian government securities and
negotiable certificates of deposit, non-negotiable fixed-time
deposits, bankers' acceptances and letters of credit of banks or
savings and loan associations having capital, surplus and undivided
profits (as of the date of its most recently published annual
financial statements) in excess of $100 million (or the equivalent
in the instance of a foreign branch of a U.S. bank) at the date of
investment. The Fund also may purchase short-term notes and
obligations (rated in the top two classifications by Moody's
Investors Service, Inc. (Moody's) or Standard & Poor's Corporation
(S&P) or the equivalent) of U.S. and foreign banks and corporations
and may use repurchase agreements with broker-dealers registered
under the Securities Exchange Act of 1934 and with commercial
banks. A risk of a repurchase agreement is that if the seller
seeks the protection of bankruptcy laws, the Fund's ability to
liquidate the security involved could be impaired. As a temporary
investment, during periods of weak or declining market values for
the securites in which the Fund invests, any portion of its assets
may be converted to cash (in foreign currencies or U.S. dollars) or
to the kinds of short-term debt securities discussed in this
paragraph.

For a discussion about foreign currency transactions, see Appendix
A. For a discussion on options and futures contracts, see Appendix
B. For a discussion on mortgage-backed securities, see Appendix C.

PORTFOLIO TRANSACTIONS

Subject to policies set by the board, AEFC is authorized to
determine, consistent with the Fund's investment goal and policies,
which securities will be purchased, held or sold. In determining
where the buy and sell orders are to be placed, AEFC has been
directed to use its best efforts to obtain the best available price
and the most favorable execution except where otherwise authorized
by the board. In selecting broker-dealers to execute transactions,
AEFC may consider the price of the security, including commission
or mark-up, the size and difficulty of the order, the reliability,
integrity, financial soundness and general operation and execution
capabilities of the broker, the broker's expertise in particular
markets, and research services provided by the broker.

<PAGE>
PAGE 122
AEFC has a strict Code of Ethics that prohibits its affiliated
personnel from engaging in personal investment activities that
compete with or attempt to take advantage of planned portfolio
transactions for any fund in the IDS MUTUAL FUND GROUP. AEFC
carefully monitors compliance with its Code of Ethics.

When paying a commission that might not otherwise be charged or a
commission in excess of the amount another broker might charge,
AEFC must follow procedures authorized by the board. To date,
three procedures have been authorized. One procedure permits AEFC
to direct an order to buy or sell a security traded on a national
securities exchange to a specific broker for research services it
has provided. The second procedure permits AEFC, in order to
obtain research, to direct an order on an agency basis to buy or
sell a security traded in the over-the-counter market to a firm
that does not make a market in that security. The commission paid
generally includes compensation for research services. The third
procedure permits AEFC, in order to obtain research and brokerage
services, to cause the Fund to pay a commission in excess of the
amount another broker might have charged. AEFC has advised the
Fund it is necessary to do business with a number of brokerage
firms on a continuing basis to obtain such services as the handling
of large orders, the willingness of a broker to risk its own money
by taking a position in a security, and the specialized handling of
a particular group of securities that only certain brokers may be
able to offer. As a result of this arrangement, some portfolio
<PAGE>
PAGE 123
transactions may not be effected at the lowest commission, but AEFC
believes it may obtain better overall execution. AEFC has assured
the Fund that under all three procedures the amount of commission
paid will be reasonable and competitive in relation to the value of
the brokerage services performed or research provided.

The Fund paid total brokerage commissions of $2,571,257 for the
fiscal year ended Oct. 31, 1995, $1,230,896 for fiscal year 1994,
and $517,025 for fiscal year 1993. Substantially all firms through
whom transactions were executed provide research services. In
fiscal year 1995, transactions amounting to $219,302,000, on which
$744,948 in commissions were imputed or paid, were specifically
directed to firms in exchange for research services.

As of the fiscal year ended Oct. 31, 1995, the Fund held securities
of its regular brokers or dealers or of the parent of those brokers
or dealers that derived more than 15% of gross revenue from
securities-related activities as presented below:

<PAGE>
PAGE 124

Value of Securities
Owned at End of
Name of Issuer Fiscal Year
Dean Witter $6,278,942
Goldman Sachs Group 2,690,991
Morgan Stanley Group 8,487,824

The portfolio turnover rate was 90% in the fiscal year ended
Oct. 31, 1995, and 26% in fiscal year 1994.

BROKERAGE COMMISSIONS PAID TO BROKERS AFFILIATED WITH AMERICAN
EXPRESS FINANCIAL CORPORATION

Information about brokerage commissions paid by the Fund for the
last three fiscal years to brokers affiliated with AEFC is
contained in the following table:
<TABLE><CAPTION>

For the Fiscal Year Ended Oct. 31,
1995 1994 1993
Aggregate Percent of Aggregate Aggregate
Dollar Aggregate Dollar Dollar Dollar
Amount of Percent of Amount of Amount of Amount of
Nature Commissions Aggregate Transactions Commissions Commissions
of Paid to Brokerage Involving Payment Paid to Paid to
Broker Affiliation Broker Commissions of Commissions Broker Broker
<S> <C> <C> <C> <C> <S>
American
Enterprise
Investment
Services, Inc. (1) $ 6,922 .27% .57% $ 3,752 $ 58

Lehman
Brothers, Inc. (2) None None None 119,125 87,821
/TABLE
<PAGE>
PAGE 125
(1) Wholly owned subsidiary of AEFC
(2) Under common control with AEFC as a subsidiary of American
Express until May 31, 1994.

PERFORMANCE INFORMATION

The Fund may quote various performance figures to illustrate past
performance. An explanation of these and any other methods used by
the Fund to compute performance follows below.

Average annual total return

P(1+T)n = ERV

Aggregate total return

ERV - P
P

In its sales material and other communications, the Fund may quote,
compare or refer to rankings, yields or returns as published by
independent statistical services or publishers and publications
such as The Bank Rate Monitor National Index, Barron's, Business
Week, Donoghue's Money Market Fund Report, Financial Services Week,
Financial Times, Financial World, Forbes, Fortune, Global Investor,
Institutional Investor, Investor's Daily, Kiplinger's Personal <PAGE>
PAGE 126
Finance, Lipper Analytical Services, Money, Mutual Fund Forecaster,
Newsweek, The New York Times, Personal Investor, Stanger Report,
Sylvia Porter's Personal Finance, USA Today, U.S. News and World
Report, The Wall Street Journal and Wiesenberger Investment
Companies Service.

VALUING FUND SHARES

Net assets before Shares outstanding Net asset value
shareholder transactions at end of previous day of one share
<S> <C> <C> <C> <C> <C>
Class A $656,943,911 divided by 103,455,734 equals $ 6.35
Class B 21,118,754 3,341,575 6.32
Class Y 23,435,945 3,684,897 6.36
</TABLE>
In determining net assets before shareholder transactions, the
Fund's securities are valued as follows as of the close of business
of the New York Stock Exchange (the Exchange):

'Securities included in the NASDAQ National Market System are
valued at the last-quoted sales price in this market.

'Futures and options traded on major exchanges are valued at the
last-quoted sales price on their primary exchange.

'Foreign securities traded outside the United States are generally
valued as of the time their trading is complete, which is usually
different from the close of the Exchange. Foreign securities
quoted in foreign currencies are translated into U.S. dollars at
the current rate of exchange. Occasionally, events affecting the
value of such securities may occur between such times and the close
of the Exchange that will not be reflected in the computation of
the Fund's net asset value. If events materially affecting the
value of such securities occur during such period, these securities
will be valued at their fair value according to procedures decided
upon in good faith by the fund's board. <PAGE>
PAGE 127
'Short-term securities maturing more than 60 days from the
valuation date are valued at the readily available market price or
approximate market value based on current interest rates. Short-
term securities maturing in 60 days or less that originally had
maturities of more than 60 days at acquisition date are valued at
amortized cost using the market value on the 61st day before
maturity. Short-term securities maturing in 60 days or less at
acquisition date are valued at amortized cost. Amortized cost is
an approximation of market value determined by systematically
increasing the carrying value of a security if acquired at a
discount, or reducing the carrying value if acquired at a premium,
so that the carrying value is equal to maturity value on the
maturity date.

INVESTING IN THE FUND

Sales Charge

Shares of the Fund are sold at the public offering price determined
at the close of business on the day an application is accepted.
The public offering price is the net asset value of one share plus
a sales charge, if applicable. For Class B and Class Y, there is
no initial sales charge so the public offering price is the same as
the net asset value. For Class A, the public offering price for an
investment of less than $50,000, made Nov. 1, 1995, was determined
by dividing the net asset value of one share, $6.354 by 0.95 (1.00-
0.05 for a maximum 5% sales charge) for a public offering price of
$6.69. The sales charge is paid to American Express Financial
Advisors by the person buying the shares.

<PAGE>
PAGE 128
Class A - Calculation of the Sales Charge

Sales charges are determined as follows:

Within each increment,
sales charge as a
percentage of:
Public Net
Amount of Investment Offering Price Amount Invested

First $ 50,000 5.0% 5.26%
Next 50,000 4.5 4.71
Next 400,000 3.8 3.95
Next 500,000 2.0 2.04
$1,000,000 or more 0.0 0.00

The following table shows the range of sales charges as a
percentage of the public offering price and of the net amount
invested on total investments at each applicable level.
<TABLE><CAPTION>

On total investment, sales
charge as a percentage of
Public Net
Offering Price Amount Invested
Amount of Investment ranges from:
<S> <C> <C>
First $ 50,000 5.00% 5.26%
More than 50,000 to 100,000 5.00-4.50 5.26-4.71
More than 100,000 to 500,000 4.50-3.80 4.71-3.95
More than 500,000 to 999,999 3.80-2.00 3.95-2.04
$1,000,000 or more 0.00 0.00
</TABLE>
The initial sales charge is waived for certain qualified plans that
meet the requirements described in the prospectus. Participants in
these qualified plans may be subject to a deferred sales charge on
certain redemptions. The deferred sales charge on certain<PAGE>
PAGE 129
redemptions will be waived if the redemption is a result of a
participant's death, disability, retirement, attaining age 59 1/2,
loans or hardship withdrawals. The deferred sales charge varies
depending on the number of participants in the qualified plan and
total plan assets as follows:

Deferred Sales Charge

Number of Participants

Total Plan Assets 1-99 100 or more

Less than $1 million 4% 0%

$1 million or more 0% 0%
_________________________________________________________

Class A - Reducing the Sales Charge

Class A - Letter of Intent (LOI)

Systematic Investment Programs

For a discussion on dollar-cost averaging, see Appendix D.

<PAGE>
PAGE 131
Automatic Directed Dividends

Between a non-custodial account and an IRA, or 401(k) plan account
or other qualified retirement account of which American Express
Trust Company acts as custodian;

Between two American Express Trust Company custodial accounts with
different owners (for example, you may not exchange dividends from
your IRA to the IRA of your spouse);

REDEEMING SHARES

You have a right to redeem your shares at any time. For an
explanation of redemption procedures, please see the prospectus.

'The Exchange closes for reasons other than the usual weekend and
holiday closings or trading on the Exchange is restricted, or

'Disposal of the Fund's securities is not reasonably practicable or
it is not reasonably practicable for the Fund to determine the fair
value of its net assets, or

<PAGE>
PAGE 132

'The SEC, under the provisions of the Investment Company Act of
1940 (the 1940 Act), as amended, declares a period of emergency to
exist.

The Fund has elected to be governed by Rule 18f-1 under the 1940
Act, which obligates the Fund to redeem shares in cash, with
respect to any one shareholder during any 90-day period, up to
lesser of $250,000 or 1% of the net assets of the Fund at the
beginning of the period. Although redemptions in excess of this
limitation would normally be paid in cash, the Fund reserves the
right to make these payments in whole or in part in securities or
other assets in case of an emergency, or if the payment of a
redemption in cash would be detrimental to the existing
shareholders of the Fund as determined by the board. In these
circumstances, the securities distributed would be valued as set
forth in the prospectus. Should the Fund distribute securities, a
shareholder may incur brokerage fees or other transaction costs in
converting the securities to cash.

PAY-OUT PLANS

<PAGE>
PAGE 133
The following pay-out plans are designed to take care of the needs
of most shareholders in a way AEFC can handle efficiently and at a
reasonable cost. If you need a more irregular schedule of
payments, it may be necessary for you to make a series of
individual redemptions, in which case you'll have to send in a
separate redemption request for each pay-out. The Fund reserves
the right to change or stop any pay-out plan and to stop making
such plans available.

Plan #1: Pay-out for a fixed period of time

Plan #2: Redemption of a fixed number of shares

Plan #3: Redemption of a fixed dollar amount

If you decide on a fixed dollar amount, whatever number of shares
is necessary to make the payment will be redeemed in regular
installments until the account is closed.

Plan #4: Redemption of a percentage of net asset value

TAXES

If you buy shares in the Fund and then exchange into another fund,
it is considered a sale and subsequent purchase of shares. Under
the tax laws, if this exchange is done within 91 days, any sales
charge waived on Class A shares on a subsequent purchase of shares
applies to the new shares acquired in the exchange. Therefore, you
cannot create a tax loss or reduce a tax gain attributable to the
sales charge when exchanging shares within 91 days.

Retirement Accounts

If you have a nonqualified investment in the Fund and you wish to
move part or all of those shares to an IRA or qualified retirement
account in the Fund, you can do so without paying a slaes charge.
However, this type of exchange is considered a sale of shares and
may result in a gain or loss for tax purposes. In addition, this <PAGE>
PAGE 134
type of exchange may result in an excess contribution under IRA or
qualified plan regulations if the amount exchanged plus the amount
of the initial sales charge applied to the amount exchanged exceeds
annual contribution limitations. For example: If you were to
exchange $2,000 in Class A shares from a nonqualified account to an
IRA without considering the 5% ($100) initial sales charge
applicable to that $2,000, you may be deemed to have exceeded
current IRA annual contribution limitations. You should consult
your tax advisor for further details about this complex subject.

Net investment income dividends received should be treated as
dividend income for federal income tax purposes. Corporate
shareholders are generally entitled to a deduction equal to 70% of
that portion of the Fund's dividend that is attributable to
dividends the Fund received from domestic (U.S.) securities. For
the fiscal year ended Oct. 31, 1995, 2.69% of the Fund's net
investment income dividends qualified for the corporate deduction.
The exclusion for dividends received by individuals is no longer
available.

The Fund may be subject to U.S. taxes resulting from holdings in a
passive foreign investment company (PFIC). A foreign corporation
is a PFIC when 75% or more of its gross income for the taxable year
is passive income of 50% or more of the average value of its assets
consists of assets that produce or could produce passive income.

Capital gain distributions received by individual and corporate
shareholders, if any, should be treated as long-term capital gains
regardless of how long they owned their shares. Short-term capital
gains earned by the Fund are paid to shareholders as part of their
ordinary income dividend and are taxable.

Under the Internal Revenue Code of 1986 (the Code), gains or losses
attributable to fluctuations in exchange rates which occur between
the time the Fund accrues interest or other receivables, or accrues
expenses or other liabilities denominated in a foreign currency and
the time the Fund actually collects such receivables or pays such
liabilities generally are treated as ordinary income or ordinary<PAGE>
PAGE 135
loss. Similarly, gains or losses on disposition of debt securities
denominated in a foreign currency attributable to fluctuations in
the value of the foreign currency between the date of acquisition
of the security and the date of disposition also are treated as
ordinary gains or losses. These gains or losses, referred to under
the Code as "section 988" gains or losses, may increase or decrease
the amount of the Fund's investment company taxable income to be
distributed to its shareholders as ordinary income. If the Fund
incurs a loss, a portion of the dividends distributed to
shareholders may be considered a return of capital.

Under the Revenue Reconciliation Act of 1989, if a mutual fund is
the holder of record of any share of stock on the record date for
any dividend payable with respect to such stock, such dividend
shall be included in gross income by the Fund as of the later of
(1) the date such share became ex-dividend or (2) the date the fund
acquired such share. Because the dividends on some foreign equity
investments may be received some time after the stock goes ex-
dividend, and in certain rare cases may never be received by the
Fund, this rule may cause the Fund to take into income dividend
income which it has not received and pay such income to its
shareholders. To the extent that the dividend is never received,
the Fund will take a loss at the time that a determination is made
that the dividend will not be received.

AGREEMENTS

Investment Management Services Agreement

The Fund has an Investment Management Services Agreement with AEFC.
For its services, AEFC is paid a fee based on the following
schedule:

<PAGE>
PAGE 136
Assets Annual rate at
(billions) each asset level

First $0.25 0.800%
Next 0.25 0.775
Next 0.25 0.750
Next 0.25 0.725
Over 1.0 0.700
Over 2.0 0.675

On Oct. 31, 1995, the daily rate applied to the Fund's net assets
was equal to 0.777% on an annual basis. The fee is calculated for
each calendar day on the basis of net assets as of the close of
business two business days prior to the day for which the
calculation is made.

The management fee is paid monthly. Under the prior and current
agreements, the total amount paid was $5,454,220 for the fiscal
year ended Oct. 31, 1995, $4,068,528 for fiscal year 1994, and
$1,063,723 for fiscal year 1993.

Under the current Agreement, the Fund also pays taxes, brokerage
commissions and nonadvisory expenses, which include custodian fees;
audit and certain legal fees; fidelity bond premiums; registration
fees for shares; Fund office expenses; postage of confirmations
except purchase confirmations; consultants' fees; compensation of
directors, officers and employees; corporate filing fees;
organizational expenses; expenses incurred in connection with
lending securities of the Fund; and expenses properly payable by
the Fund, approved by the board. Under the prior and current
agreements, the fund paid nonadvisory expenses of $1,035,610 for
the fiscal year ended Oct. 31, 1995, $913,642 for fiscal year 1994,
and $303,155 for fiscal year 1993.

Administrative Services Agreement

The Fund has an Administrative Services Agreement with AEFC. Under
this agreement, the Fund pays AEFC for providing administration and
accounting services. The fee is calculated as follows:

Assets Annual rate
(billions) each asset level

First $0.25 0.060%
Next 0.25 0.055
Next 0.25 0.050
Next 0.25 0.045
Next 1.0 0.040
Over 2.0 0.035

On Oct. 31, 1995, the daily rate applied to the Fund's net assets
was equal to 0.055% on an annual basis. The fee is calculated for
each calendar day on the basis of net assets as of the close of
business two business days prior to the day for which the
calculation is made. Under the agreement, the fund paid fees of
$241,709 for the fiscal period ended Oct. 31, 1995.
<PAGE>
PAGE 137
Transfer Agency Agreement

The Fund has a Transfer Agency Agreement with AEFC. This agreement
governs AEFC's responsibility for administering and/or performing
transfer agent functions, for acting as service agent in connection
with dividend and distribution functions and for performing
shareholder account administration agent functions in connection
with the issuance, exchange and redemption or repurchase of the
Fund's shares. Under the agreement, AEFC will earn a fee from the
Fund determined by multiplying the number of shareholder accounts
at the end of the day by a rate determined for each class per year
and dividing by the number of days in the year. The rate for Class
A and Class Y is $15 per year and for Class B is $16 per year. The
fees paid to AEFC may be changed from time to time upon agreement
of the parties without shareholder approval. Under the agreement,
the Fund paid fees of $1,643,692 for the fiscal year ended Oct. 31,
1995.

Distribution Agreement

Under a Distribution Agreement, sales charges deducted for
distributing Fund shares are paid to American Express Financial
Advisors daily. These charges amounted to $3,612,739 for the
fiscal year ended Oct. 31, 1995. After paying commissions to
personal financial advisors, and other expenses, the amount
retained was $1,101,825. The amounts were $8,345,042 and
$2,816,762 for fiscal year 1994, and $3,003,112 and $935,621 for
fiscal year 1993.

Additional information about commissions and compensation for the
fiscal year ended Oct. 31, 1995, is contained in the following
table:
<TABLE><CAPTION>

(1) (2) (3) (4) (5)
Net Compensation
Name of Underwriting on Redemption
Principal Discounts and and Brokerage Other
Underwriter Commissions Repurchases Commissions Compensation
<S> <C> <C> <C> <C>
AEFC None None $6,922* $289,525**

American
Express
Financial
Advisors $3,612,739 None None None

*For further information see "Brokerage Commissions Paid to Brokers
Affiliated with AEFC."
**Distribution fees paid pursuant to the Plan and Agreement of
Distribution.
</TABLE>
<PAGE>
PAGE 138
Shareholder Service Agreement

Plan and Agreement of Distribution

For Class B shares, to help American Express Financial Advisors
defray the cost of distribution and servicing, not covered by the
sales charges received under the Distribution Agreement, the Fund
and American Express Financial Advisors entered into a Plan and
Agreement of Distribution (Plan). These costs cover almost all
aspects of distributing the Fund's shares except compensation to
the sales force. A substantial portion of the costs are not
specifically identified to any one fund in the IDS MUTUAL FUND
GROUP. Under the Plan, American Express Financial Advisors is paid
a fee at an annual rate of 0.75% of the Fund's average daily net
assets attributable to Class B shares.

The Plan must be approved annually by the board, including a
majority of the disinterested directors, if it is to continue for
more than a year. At least quarterly, the board must review
written reports concerning the amounts expended under the Plan and
the purposes for which such expenditures were made. The Plan and
any agreement related to it may be terminated at any time by vote
of a majority of directors who are not interested persons of the
Fund and have no direct or indirect financial interest in the
operation of the Plan or in any agreement related to the Plan, or
by vote of a majority of the outstanding voting securities of the
Fund or by American Express Financial Advisors. The Plan (or any
agreement related to it) will terminate in the event of its
assignment, as that term is defined in the Investment Company Act
of 1940, as amended. The Plan may not be amended to increase the
amount to be spent for distribution without shareholder approval,
and all material amendments to the Plan must be approved by a
majority of the directors, including a majority of the directors
who are not interested persons of the Fund and who do not have a
financial interest in the operation of the Plan or any agreement
related to it. The selection and nomination of disinterested
directors is the responsibility of the other disinterested
directors. No director who is not an interested person, has any
direct or indirect financial interest in the operation of the Plan
or any related agreement. For the fiscal year ended Oct. 31, 1995,
under the prior and current agreements, the Fund paid fees of
$289,525.

Total fees and expenses

1.5% of average daily net assets over $100 million, on an annual
basis. At the end of each month, if the fees and expenses of the
Fund exceed this limitation for the fund's fiscal year in progress,
AEFC will assume all expenses in excess of the limitation. AEFC
then may bill the Fund for such expenses in subsequent months up to
the end of that fiscal year, but not after that date. No interest
charges are assessed by AEFC for expenses it assumes. The Fund
paid total fees and nonadvisory expenses of $9,403,561 for the
fiscal year ended Oct. 31, 1995.

DIRECTORS AND OFFICERS

Lynne V. Cheney'
Born in 1941.
American Enterprise Institute
for Public Policy Research (AEI)
1150 17th St., N.W.
Washington, D.C.

William H. Dudley**
Born in 1932.
2900 IDS Tower
Minneapolis, MN

Executive vice president and director of AEFC.

Robert F. Froehlke+
Born in 1922.
1201 Yale Place
Minneapolis, MN

<PAGE>
PAGE 140

David R. Hubers+**
Born in 1943.
2900 IDS Tower
Minneapolis, MN

President, chief executive officer and director of AEFC.
Previously, senior vice president, finance and chief financial
officer of AEFC.

Heinz F. Hutter+'
Born in 1929.
P.O. Box 5724
Minneapolis, MN

President and chief operating officer, Cargill, Incorporated
(commodity merchants and processors) from February 1991 to
September 1994. Executive vice president from 1981 to February
1991.

Anne P. Jones
Born in 1935.
5716 Bent Branch Rd.
Bethesda, MD

Attorney and telecommunications consultant. Former partner, law
firm of Sutherland, Asbill & Brennan. Director, Motorola, Inc. and
C-Cor Electronics, Inc.

Donald M. Kendall'
Born in 1921.
PepsiCo, Inc.
Purchase, NY

Former chairman and chief executive officer, PepsiCo, Inc.

Melvin R. Laird
Born in 1922.
Reader's Digest Association, Inc.
1730 Rhode Island Ave., N.W.
Washington, D.C.

<PAGE>
PAGE 141
Lewis W. Lehr'
Born in 1921.
3050 Minnesota World Trade Center
30 E. Seventh St.
St. Paul, MN

William R. Pearce+*
Born in 1927.
901 S. Marquette Ave.
Minneapolis, MN

President of all funds in the IDS MUTUAL FUND GROUP since June
1993. Former vice chairman of the board, Cargill, Incorporated
(commodity merchants and processors).

Edson W. Spencer+
Born in 1926.
4900 IDS Center
80 S. 8th St.
Minneapolis, MN

John R. Thomas**
Born in 1937.
2900 IDS Tower
Minneapolis, MN

Senior vice president and director of AEFC.

Wheelock Whitney+
Born in 1926.
1900 Foshay Tower
821 Marquette Ave.
Minneapolis, MN

Chairman, Whitney Management Company (manages family assets).

<PAGE>
PAGE 142
C. Angus Wurtele'
Born in 1934.
1101 S. 3rd St.
Minneapolis, MN

The board also has appointed officers who are responsible for day-
to-day business decisions based on policies it has established.

In addition, Mr. Pearce, who is president, the Fund's other officer
is:

Leslie L. Ogg
Born in 1938.
901 S. Marquette Ave.
Minneapolis, MN

Vice president, general counsel and secretary of all funds in the
IDS MUTUAL FUND GROUP.
Officers who also are officers and/or employees of AEFC

Peter J. Anderson
Born in 1942.
IDS Tower 10
Minneapolis, MN

Vice president-investments of all funds in the IDS MUTUAL FUND
GROUP. Director and senior vice president-investments of AEFC.

Melinda S. Urion
Born in 1953.
IDS Tower 10
Minneapolis, MN

Members of the board who are not officers of the Fund or of AEFC
receive an annual fee of $850. They also receive attendance and
other fees, the cost of which the Fund shares with the other funds
in the IDS MUTUAL FUND GROUP. These fees include attendance of
meetings of the Board, $1,000; meetings of the Contracts Committee,
$750; meetings of the Audit, Executive or Investment Review<PAGE>
PAGE 143
Committees, $500; meetings of the Personnel Committee, $300; out-
of-state, $500; and Chair of the Contracts Committee, $5,000.
Expenses for attending those meetings are also reimbursed. Upon
retirement, or earlier if for approved reasons, the independent
directors receive monthly payments equal to 1/2 of the annual fee
divided by 12 for as many monthls as the director served on the
board up to 120 months or until the date of death. There are no
death benefits and the plan is not funded.

During the fiscal year ended Oct. 31, 1995, the members of the
board, for attending up to 28 meetings, received the following
compensation:
<TABLE><CAPTION>
Compensation Table
Pension or
Aggregate Retirement Estimated Total cash
compensation benefits annual compensation
from the accrued as benefit upon from the IDS
Board member Fund Fund expenses retirement MUTUAL FUND GROUP
<S> <C> <C> <C> <C>
Lynne V. Cheney $ 951 $ 174 $ 375 $69,500
Robert F. Froehlke 1,005 670 325 71,700
Heinz F. Hutter 894 281 181 67,300
Anne P. Jones 976 171 375 70,500
Donald M. Kendall 836 820 216 65,000
Melvin R. Laird 976 478 272 70,500
Lewis W. Lehr 956 728 213 69,700
Edson W. Spencer 1,034 551 200 73,000
Wheelock Whitney 968 343 375 70,200
C. Angus Wurtele 874 271 372 66,500
</TABLE>
On Oct. 31, 1995, the Fund's directors and officers as a group
owned less than 1% of the outstanding shares. During the fiscal
year ended Oct. 31, 1995, no director or officer earned more than
$60,000 from this Fund. All directors and officers as a group
earned $17,571, including $4,487 of retirement plan benefits, from
this Fund.

CUSTODIAN

<PAGE>
PAGE 144
INDEPENDENT AUDITORS

FINANCIAL STATEMENTS

The Independent Auditors' Report and the Financial Statements,
including Notes to the Financial Statements and the Schedule of
Investments in Securities, contained in the 1995 Annual Report to
shareholders, pursuant to Section 30(d) of the Investment Company
Act of 1940, as amended, are hereby incorporated in this SAI by
reference. No other portion of the Annual Report, however, is
incorporated by reference.

PROSPECTUS

The prospectus for IDS Global Growth Fund dated Dec. 29, 1995, is
hereby incorporated in this SAI by reference.
<PAGE>
PAGE 145
APPENDIX A

FOREIGN CURRENCY TRANSACTIONS

Since investments in foreign countries usually involve currencies
of foreign countries, and since the Fund may hold cash and cash-
equivalent investments in foreign currencies, the value of the
Fund's assets as measured in U.S. dollars may be affected favorably
or unfavorably by changes in currency exchange rates and exchange
control regulations. Also, the fund may incur costs in connection
with conversions between various currencies.

Spot Rates and Forward Contracts. The Fund conducts its foreign
currency exchange transactions either at the spot (cash) rate
prevailing in the foreign currency exchange market or by entering
into forward currency exchange contracts (forward contracts) as a
hedge against fluctuations in future foreign exchange rates. A
forward contracts involves an obligation to buy or sell a specific
currency at a future date, which may be any fixed number of days
from the contract date, at a price set at the time of the contract.
These contracts are traded in the interbank market conducted
directly between currency traders (usually large commercial banks)
and their customers. A forward contract generally has no deposit
requirements. No commissions are charged at any stage for trades.

The Fund may enter into forward contracts to settle a security
transaction or handle dividend and interest collection. When the
Fund enters into a contract for the purchase or sale of a security
denominated in a foreign currency or has been notified of a
dividend or interest payment, it may desire to lock in the price of
the security or the amount of the payment in dollars. By entering
into a forward contract, the fund will be able to protect itself
against a possible loss resulting from an adverse change in the
relationship between different currencies from the date the
security is purchased or sold to the date on which payment is made
or received or when the dividend or interest is actually received.

The Fund also may enter into forward contracts when management of
the Fund believes the currency of a particular foreign country may
suffer a substantial decline against another currency. It may
enter into a forward contract to sell, for a fixed amount of
dollars, the amount of foreign currency approximating the value of
some or all of the Fund's securities denominated in such foreign
currency. The precise matching of forward contract amounts and the
value of securities involved generally will not be possible since
the future value of such securities in foreign currencies more than
likely will change between the date the forward contract is entered
into and the date it matures. The projection of short-term
currency market movements is extremely difficult and successful
execution of a short-term hedging strategy is highly uncertain.
The Fund will not enter into such forward contracts or maintain a
net exposure to such contracts when consummating the contracts
would obligate the Fund to deliver an amount of foreign currency in
excess of the value of the Fund's securities or other assets

<PAGE>
PAGE 146
denominated in that currency. Under normal circumstances,
consideration of the prospect for currency parities will be
incorporated into the longer term investment strategies. The
investment manager believes it is important, however, to have the
flexibility to enter into such forward contracts when it determines
it is in the best interest of the fund to do so.

The Fund will designate cash or securities in an amount equal to
the value of the Fund's total assets committed to consummating
forward contracts entered into under the second circumstance set
forth above. If the value of the securities declines, additional
cash or securities will be designated on a daily basis so that the
value of the cash or securities will equal the amount of the Fund's
commitments on such contracts.

If the Fund retains the security and engages in an offsetting
transaction, the Fund will incur a gain or a loss (as described
below) to the extent there has been movement in forward contract
prices. If the Fund engages in an offsetting transaction, it may
subsequently enter into a new forward contract to sell the foreign
currency. Should forward prices decline between the date the fund
enters into a forward contract for selling foreign currency and the
date it enters into an offsetting contract for purchasing the
foreign currency, the Fund will realize a gain to the extent the
price of the currency it has agreed to sell exceeds the price of
the currency it has agreed to buy. Should forward prices increase,
the Fund will suffer a loss to the extent the price of the currency
it has agreed to buy exceeds the price of the currency it has
agreed to sell.

contracts tend to minimize the risk of loss due to a decline in
value of hedged currency, they tend to limit any potential gain
that might result should be the value of such currency increase.

Although the Fund values its assets each business day in terms of
U.S. dollars, it does not intend to convert its foreign currencies
into U.S. dollars on a daily basis. It will do so from time to
time, and shareholders should be aware of currency conversion
costs. Although foreign exchange dealers do not charge a fee for
conversion, they do realize a profit based on the difference
(spread) between the prices at which they are buying and selling
various currencies. Thus, a dealer may offer to sell a foreign
currency to the Fund at one rate, while offering a lesser rate of
exchange should the fund desire to resell that currency to the
dealer.

Options on Foreign Currencies. The Fund may buy put and call
options and write covered call and cash-secured put options on
foreign currencies for hedging purposes. For example, a decline in
the dollar value of a foreign currency in which securities are
denominated will reduce the dollar value of such securities, even
if their value in the foreign currency remains constant. In order
to protect against such diminutions in the value of securities, the
Fund may buy put options on the foreign currency. If the value of
the currency does decline, the fund will have the right to sell
such currency for a fixed amount in dollars and will thereby
offset, in whole or in part, the adverse effect on its portfolio
which otherwise would have resulted.

As in the case of other types of options, however, the benefit to
the fund derived from purchases of foreign currency options will be
reduced by the amount of the premium and related transaction costs.
In addition, where currency exchange rates do not move in the
direction or to the extent anticipated, the Fund could sustain
losses on transactions in foreign currency options which would
require it to forego a portion or all of the benefits of
advantageous changes in such rates.

The Fund may write options on foreign currencies for the same types
of hedging purposes. For example, where the Fund anticipates a
decline in the dollar value of foreign-denominated securities due
to adverse fluctuations in exchange rates it could, instead of
purchasing a put option, write a call option on the relevant
currency. If the expected decline occurs, the option will most
likely not be exercised and the diminution in value of portfolio
securities will be fully or partially offset by the amount of the
premium received.<PAGE>
PAGE 148
Similarly, instead of purchasing a call option to hedge against an
anticipated increase in the dollar cost of securities to be
acquired, the Fund could write a put option on the relevant
currency which, if rates move in the manner projected, will expire
unexercised and allow the fund to hedge such increased cost up to
the amount of the premium.

As in the case of other types of options, however, the writing of a
foreign currency option will constitute only a partial hedge up to
the amount of the premium, and only if rates move in the expected
direction. If this does not occur, the option may be exercised and
the Fund would be required to buy or sell the underlying currency
at a loss which may not be offset by the amount of the premium.
Through the writing of options on foreign currencies, the Fund also
may be required to forego all or a portion of the benefits which
might otherwise have been obtained from favorable movements on
exchange rates.

Foreign currency option positions entered into on a national
securities exchange are cleared and guaranteed by the Options
Clearing Corporation (OCC), thereby reducing the risk of
counterparty default. Further, a liquid secondary market in
options traded on a national securities exchange may be more
readily available than in the over-the-counter market, potentially
permitting the fund to liquidate open positions at a profit prior
to exercise or expiration, or to limit losses in the event of
adverse market movements.

The purchase and sale of exchange-traded foreign currency options,
however, is subject to the risks of availability of a liquid
secondary market described above, as well as the risks regarding
adverse market movements, margining of options written, the nature
of the foreign currency market, possible intervention by <PAGE>
PAGE 149
governmental authorities and the effects of other political and
economic events. In addition, exchange-traded options on foreign
currencies involve certain risks not presented by the over-the-
counter market. For example, exercise and settlement of such
options must be made exclusively through the OCC, which has
established banking relationships in certain foreign countries for
the purpose. As a result, the OCC may, if it determines that
foreign governmental restrictions or taxes would prevent the
orderly settlement of foreign currency option exercises, or would
result in undue burdens on OCC or its clearing member, impose
special procedures on exercise and settlement, such as technical
changes in the mechanics of delivery of currency, the fixing of
dollar settlement prices or prohibitions on exercise.

The Fund will not use leverage in its currency options and futures
strategies. The Fund will hold securities or other options or
futures positions whose values are expected to offset its
obligations. The Fund will not enter into an option or futures
position that exposes the fund to an obligation to another party
unless it owns either (i) an offsetting position in securities or
(ii) cash, receivables and short-term debt securities with a value
sufficient to cover its potential obligations.
<PAGE>
PAGE 150
APPENDIX B

OPTIONS AND FUTURES CONTRACTS

The Fund may buy or write options traded on any U.S. or foreign
exchange or in the over-the-counter market. The Fund may enter
into stock index futures contracts traded on any U.S. or foreign
exchange. The Fund also may buy or write put and call options on
these futures and on stock indexes. Options in the over-the-
counter market will be purchased only when the investment manager
believes a liquid secondary market exists for the options and only
from dealers and institutions the investment manager believes
present a minimal credit risk. Some options are exercisable only
on a specific date. In that case, or if a liquid secondary market
does not exist, the Fund could be required to buy or sell
securities at disadvantageous prices, thereby incurring losses.

Buying options. Put and call options may be used as a trading
technique to facilitate buying and selling securities for
investment reasons. Options are used as a trading technique to
take advantage of any disparity between the price of the underlying
security in the securities market and its price on the options
market. It is anticipated the trading technique will be utilized
<PAGE>
PAGE 151
only to effect a transaction when the price of the security plus
the option price will be as good or better than the price at which
the security could be bought or sold directly. When the option is
purchased, the Fund pays a premium and a commission. It then pays
a second commission on the purchase or sale of the underlying
security when the option is exercised. For record keeping and tax
purposes, the price obtained on the purchase of the underlying
security will be the combination of the exercise price, the premium
and both commissions. When using options as a trading technique,
commissions on the option will be set as if only the underlying
securities were traded.

Put and call options also may be held by the Fund for investment
purposes. Options permit the Fund to experience the change in the
value of a security with a relatively small initial cash
investment.

Writing covered options. The Fund will write covered options when
it feels it is appropriate and will follow these guidelines:

'Underlying securities will continue to be bought or sold solely on
the basis of investment considerations consistent with the Fund's
goal.

<PAGE>
PAGE 152

Upon exercise of the option, the holder is required to pay the
purchase price of the underlying security in the case of a call
option, or to deliver the security in return for the purchase price
in the case of a put option. Conversely the writer is required to
deliver the security in the case of a call option or to purchase
the security in the case of a put option. Options that have been
purchased or written may be closed out prior to exercise or
expiration by entering into an offsetting transaction on the
exchange on which the initial position was established subject to
the availability of a liquid secondary market.

The Fund may deal in options on securities that are traded in U.S.
and foreign securities exchanges and over-the-counter markets and
on domestic and foreign securities indexes.

FUTURES CONTRACTS. A futures contract is an agreement between two
parties to buy and sell a security for a set price on a future
date. Futures contracts are commodity contracts listed on
commodity exchanges. Futures contracts trade in a manner similar
to the way a stock trades on a stock exchange and the commodity
exchanges, through their clearing corporations, guarantee
<PAGE>
PAGE 153
performance of the contracts. There are contracts based on U.S.
Treasury bonds, Standard & Poor's 500 Index (S&P 500 Index), and
other broad stock market indexes as well as narrower sub-indexes.
The S&P 500 Index assigns relative weightings to the common stocks
included in the Index, and the Index fluctuates with changes in the
market values of those stocks. In the case of S&P 500 Index
futures contracts, the specified multiple is $500. Thus, if the
value of the S&P 500 Index were 150, the value of one contract
would be $75,000 (150 x $500).

<PAGE>
PAGE 154
Risks of Transactions in Futures Contracts

In addition, the Fund's investment manager could be incorrect in
its expectations as to the direction or extent of various interest
rate or market movements or the time span within which the
movements take place. For example, if the Fund sold futures
contracts in anticipation of a market decline, and the market
rallied instead, the Fund would lose part or all of the benefit of
the increased value of the stock it has hedged because it will have
offsetting losses in its futures positions.

OPTIONS ON FUTURES CONTRACTS. Options on futures contracts give
the holder a right to buy or sell futures contracts in the future.
Unlike a futures contract, which requires the parties to the
contract to buy and sell a security on a set date, an option on a
futures contract merely entitles its holder to decide on or before
a future date (within nine months of the date of issue) whether to
enter into such a contract. If the holder decides not to enter
into the contract, all that is lost is the amount (premium) paid
for the option. Furthermore, because the value of the option is
fixed at the point of sale, there are no daily payments of cash to
reflect the change in the value of the underlying contract.
However, since an option gives the buyer the right to enter into a
contract at a set price for a fixed period of time, its value does
change daily and that change is reflected in the net asset value of
the Fund.

The risk the Fund assumes when it buys an option is the loss of the
premium paid for the option. The risk involved in writing options
on futures contracts the Fund owns, or on securities held in its<PAGE>
PAGE 155
portfolio, is that there could be an increase in the market value
of such contracts or securities. If that occurred, the option
would be exercised and the asset sold at a lower price than the
cash market price. To some extent, the risk of not realizing a
gain could be reduced by entering into a closing transaction. The
Fund could enter into a closing transaction by purchasing an option
with the same terms as the one it had previously sold. The cost to
close the option and terminate the Fund's obligation, however,
might be more or less than the premium received when it originally
wrote the option. Furthermore, the Fund might not be able to close
the option because of insufficient activity in the options market.
Purchasing options also limits the use of monies that might
otherwise be available for long-term investments.

The IRS has ruled publicly that an exchange-traded call option is a
security for purposes of the 50%-of-assets test and that its issuer
is the issuer of the underlying security, not the writer of the
option, for purposes of the diversification requirements. In order
to avoid realizing a gain within the three-month period, the Fund
may be required to defer closing out a contract beyond the time
when it might otherwise be advantageous to do so. The Fund also
may be restricted in purchasing put options for the purpose of
hedging underlying securities because of applying the short sale
holding period rules with respect to such underlying securities.<PAGE>
PAGE 156
Accounting for futures contracts will be according to generally
accepted accounting principles. Initial margin deposits will be
recognized as assets due from a broker (the Fund's agent in
acquiring the futures position). During the period the futures
contract is open, changes in value of the contract will be
recognized as unrealized gains or losses by marking to market on a
daily basis to reflect the market value of the contract at the end
of each day's trading. Variation margin payments will be made or
received depending upon whether gains or losses are incurred. All
contracts and options will be valued at the last-quoted sales price
on their primary exchange.
<PAGE>
PAGE 157
APPENDIX C

MORTGAGE-BACKED SECURITIES

A mortgage pass-through certificate is one that represents an
interest in a pool, or group, of mortgage loans assembled by the
Government National Mortgage Association (GNMA), Federal Home Loan
Mortgage Corporation (FHLMC), Federal National Mortgage Association
(FNMA) or non-governmental entities. In pass-through certificates,
both principal and interest payments, including prepayments, are
passed through to the holder of the certificate. Prepayments on
underlying mortgages result in a loss of anticipated interest, and
the actual yield (or total return) to the fund, which is influenced
by both stated interest rates and market conditions, may be
different than the quoted yield on certificates. Some U.S.
government securities may be purchased 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.

DOLLAR-COST AVERAGING

Dollar-cost averaging

Average market price of a share over 5 periods:
$5.00 ($25.00 divided by 5).
The average price you paid for each share:
$4.84 ($500 divided by 103.4).

<PAGE>
PAGE 159
Independent auditors' report
___________________________________________________________________
The board of directors and shareholders
IDS Global Series, Inc.:

We have audited the accompanying statement of assets and
liabilities, including the schedule of investments in securities,
of IDS Global Bond Fund (a series of IDS Global Series, Inc.) as
of October 31, 1995, and the related statement of operations for
the year then ended and the statements of changes in net assets
for each of the years in the two-year period ended October 31,
1995, and the financial highlights for each of the years in the
six-year period ended October 31, 1995, and for the period from
March 20, 1989 (commencement of operations), to October 31, 1989.
These financial statements and the financial highlights are the
responsibility of fund management. Our responsibility is to express
an opinion on these financial statements and the financial
highlights based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements and the financial highlights are free of
material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. Investment securities held in custody are
confirmed to us by the custodian. As to securities sold but not
delivered, we request confirmations from brokers, and where replies
are not received, we carry out other appropriate auditing
procedures. An audit also includes assessing the accounting
principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of IDS
Global Bond Fund at October 31, 1995, and the results of its
operations for the year then ended and the changes in its net
assets for each of the years in the two-year period ended October
31, 1995, and the financial highlights for the periods stated in
the first paragraph above, in conformity with generally accepted
accounting principles.

KPMG Peat Marwick LLP
Minneapolis, Minnesota
December 1, 1995
<PAGE>
PAGE 160
<TABLE>
<CAPTION>
Financial statements

Statement of assets and liabilities
IDS Global Bond Fund
Oct. 31, 1995
_____________________________________________________________________________________________________________

Assets
_____________________________________________________________________________________________________________
<S> <C>
Investments in securities, at value (Note 1)
(identified cost $554,970,434) $568,967,717
Receivable for investment securities sold 8,342,800
Dividends and accrued interest receivable 14,035,784
_____________________________________________________________________________________________________________
Total assets 591,346,301
_____________________________________________________________________________________________________________

Liabilities
_____________________________________________________________________________________________________________

Disbursements in excess of cash on demand deposit 284,655
Dividends payable to shareholders 2,917,974
Unrealized depreciation on foreign currency contracts held, at value (Notes 1 and 6) 459,505
Accrued investment management services fee 48,104
Accrued distribution fee 2,970
Accrued service fee 11,156
Accrued transfer agency fee 8,847
Accrued administrative services fee 3,609
Other accrued expenses 145,432
_____________________________________________________________________________________________________________
Total liabilities 3,882,252
_____________________________________________________________________________________________________________
Net assets applicable to outstanding capital stock $587,464,049
_____________________________________________________________________________________________________________

Represented by
_____________________________________________________________________________________________________________
Capital stock -- $.01 par value (Note 1) $ 961,150
Additional paid-in capital 574,421,992
Undistributed net investment income (Note 1) 2,104,995
Accumulated net realized loss (Note 1 and 8) (3,715,086)
Unrealized appreciation of investments and on translation
of assets and liabilities in foreign currencies (Note 4 and 6) 13,690,998
_____________________________________________________________________________________________________________
Total -- representing net assets applicable to outstanding capital stock $587,464,049
_____________________________________________________________________________________________________________
Net asset applicable to outstanding shares: Class A $548,361,335
Class B $ 37,031,477
Class Y $ 2,071,237
Net asset value per share of outstanding capital stock: Class A shares 89,717,714 $ 6.11
Class B shares 6,058,371 $ 6.11
Class Y shares 338,876 $ 6.11

See accompanying notes to financial statements.
<PAGE>
PAGE 161
Financial statements

Statement of operations
IDS Global Bond Fund
Year ended Oct. 31, 1995
_____________________________________________________________________________________________________________

Investment income
_____________________________________________________________________________________________________________

Income:
Dividends (net of foreign taxes withheld of $15,779) $ 147,287
Interest (net of foreign taxes withheld of $145,528) 36,727,429
_____________________________________________________________________________________________________________
Total income 36,874,716
_____________________________________________________________________________________________________________
Expenses (Note 2):
Investment management services fee 3,930,646
Distribution fee
Class A 112,362
Class B 70,489
Transfer agency fee 780,747
Incremental transfer agency fee - Class B 1,214
Service fee
Class A 552,980
Class B 16,447
Administrative services fee 186,326
Compensation of directors 13,699
Compensation of officers 4,567
Custodian fees 285,135
Postage 83,984
Registration fees 108,046
Reports to shareholders 101,060
Audit fees 24,500
Administrative 6,533
Other 18,728
_____________________________________________________________________________________________________________
Total expenses 6,297,463
Earnings credits on cash balances (Note 2) (14,136)
_____________________________________________________________________________________________________________
Total net expenses 6,283,327
_____________________________________________________________________________________________________________

Investment income -- net 30,591,389
_____________________________________________________________________________________________________________

Realized and unrealized gain (loss) -- net
_____________________________________________________________________________________________________________

Net realized gain on security and foreign currency transactions
(including loss of $1,603,883 from foreign currency transactions) (Note 3) 1,969,977
Net realized loss on futures contracts (707,281)
Net realized gain on closed or expired option contracts written (Note 5) 414,669
_____________________________________________________________________________________________________________
Net realized gain on investments and foreign currency 1,677,365
Net change in unrealized appreciation or depreciation of investments and on
translation of assets and liabilities in foreign currencies 31,801,594
_____________________________________________________________________________________________________________
Net gain on investments and foreign currency 33,478,959
_____________________________________________________________________________________________________________
Net increase in net assets resulting from operations $64,070,348
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
/TABLE
<PAGE>
PAGE 162
<TABLE>
<CAPTION>
Financial statements

Statements of changes in net assets
IDS Global Bond Fund
Year ended Oct. 31,
_____________________________________________________________________________________________________________

Operations and distributions 1995 1994
_____________________________________________________________________________________________________________
<S> <C> <C>
Investment income -- net $ 30,591,389 $ 22,065,406
Net realized gain (loss) on investments and foreign currency 1,677,365 (2,477,889)
Net change in unrealized appreciation or depreciation of investments
and on translation of assets and liabilities in foreign currencies 31,801,594 (27,808,371)
_____________________________________________________________________________________________________________

Net increase (decrease) in net assets resulting from operations 64,070,348 (8,220,854)
_____________________________________________________________________________________________________________

Distributions to shareholders from:
Net investment income
Class A (27,871,717) (19,649,029)
Class B (547,216) --
Class Y (63,386) --
Net realized gain
Class A (1,590,719) (3,556,158)
Excess distribution of realized gains (Note 1)
Class A (5,020,075) --
Class B (98,561) --
Class Y (11,417) --
_____________________________________________________________________________________________________________
Total distributions (35,203,091) (23,205,187)
_____________________________________________________________________________________________________________

Capital share transactions (Note 7)
_____________________________________________________________________________________________________________

Proceeds from sales
Class A shares (Note 2) 167,962,972 332,640,161
Class B shares 36,899,954 --
Class Y shares 1,971,042 --
Reinvestment of distributions at net asset value
Class A shares 30,567,749 21,996,385
Class B shares 467,515 --
Class Y shares 64,234 --
Payments for redemptions
Class A shares (145,031,336) (112,115,501)
Class B shares (Note 2) (574,270) --
Class Y shares (20) --
_____________________________________________________________________________________________________________

Increase in net assets from capital share transactions 92,327,840 242,521,045
_____________________________________________________________________________________________________________

Total increase in net assets 121,195,097 211,095,004

Net assets at beginning of year 466,268,952 255,173,948
_____________________________________________________________________________________________________________
Net assets at end of year
(including undistributed net investment income of
$2,104,995 and $1,129,458) $587,464,049 $466,268,952
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
/TABLE
<PAGE>
PAGE 163

Notes to financial statements

IDS Global Bond Fund
___________________________________________________________________
1. Summary of significant accounting policies

IDS Global Bond Fund is a series of IDS Global Series, Inc. and is
registered under the Investment Company Act of 1940 (as amended) as
a non-diversified, open-end management investment company. IDS
Global Series, Inc. has 10 billion authorized shares of capital
stock which can be freely allocated among the separate series as
designated by the board of directors. The Fund offers Class A,
Class B and Class Y shares. Class A shares are sold with a
front-end sales charge. Class B shares, which the Fund began
offering on March 20, 1995, may be subject to a contingent deferred
sales charge. Class B shares automatically convert to Class A after
eight years. Class Y shares, which the Fund also began offering on
March 20, 1995, have no sales charge and are offered only to
qualifying institutional investors.

All classes of shares have identical voting, dividend, liquidation
and other rights, the same terms and conditions, except that the
level of distribution fee, transfer agency fee and service fee
(class specific expenses) differs among classes. Income, expenses
(other than class specific expenses) and realized and unrealized
gains or losses on investments are allocated to each class of
shares based upon its relative net assets.

Significant accounting policies followed by the Fund are summarized
below:

Valuation of securities

All securities are valued at the close of each business day.
Securities traded on national securities exchanges or included in
national market systems are valued at the last quoted sales price;
securities for which market quotations are not readily available
are valued at fair value according to methods selected in good
faith by the board of directors. Determination of fair value
involves, among other things, reference to market indexes, matrixes
and data from independent brokers. Short-term securities maturing
in more than 60 days from the valuation date are valued at the
market price or approximate market value based on current interest
rates; those maturing in 60 days or less are valued at amortized
cost.

Option transactions

In order to produce incremental earnings, protect gains, and
facilitate buying and selling of securities for investment
purposes, the fund may buy or write options traded on any U.S or
foreign exchange or in the over-the-counter market where the
completion of the obligation is dependent upon the credit standing
of the other party. The Fund also may buy and sell put and call
options and write covered call options on portfolio securities and
may write cash-secured put options. The risk in writing a call
option is that the Fund gives up the opportunity of profit if the
market price of the security increases. The risk in writing a put<PAGE>
PAGE 164
option is that the Fund may incur a loss if the market price of the
security decreases and the option is exercised. The risk in buying
an option is that the Fund pays a premium whether or not the option
is exercised. The Fund also has the additional risk of not being
able to enter into a closing transaction if a liquid secondary
market does not exist.

Option contracts are valued daily at the closing prices on their
primary exchanges and unrealized appreciation or depreciation is
recorded. The Fund will realize a gain or loss upon expiration or
closing of the option transaction. When options on debt securities
or futures are exercised, the Fund will realize a gain or loss.
When other options are exercised, the proceeds on sales for a
written call option, the purchase cost for a written put option or
the cost of a security for a purchased put or call option is
adjusted by the amount of premium received or paid.

Futures transactions

In order to gain exposure to or protect itself from changes in the
market, the Fund may buy and sell futures contracts traded on any
U.S. or foreign exchange. The Fund also may buy or write put and
call contracts on these futures contracts. Risks of entering into
futures contracts and related options include the possibility that
there may be an illiquid market and that a change in the value of
the contract or option may not correlate with changes in the value
of the underlying securities.

Upon entering into a futures contract, the Fund is required to
deposit either cash or securities in an amount (initial margin)
equal to a certain percentage of the contract value. Subsequent
payments (variation margin) are made or received by the Fund each
day. The variation margin payments are equal to the daily changes
in the contract value and are recorded as unrealized gains and
losses. The Fund recognizes a realized gain or loss when the
contract is closed or expires.

Foreign currency translations and
foreign currency contracts

Securities and other assets and liabilities denominated in foreign
currencies are translated daily into U.S. dollars at the closing
rate of exchange. Foreign currency amounts related to the purchase
or sale of securities and income and expenses are translated at the
exchange rate on the transaction date. The effect of changes in
foreign exchange rates on realized and unrealized security gains or
losses is reflected as a component of such gains or losses. In the
statement of operations, net realized gains or losses from foreign
currency transactions may arise from sales of foreign currency,
closed forward contracts, exchange gains or losses realized between
the trade date and settlement dates on securities transactions, and
other translation gains or losses on dividend, interest income and
foreign withholding taxes.

The Fund may enter into forward foreign currency exchange contracts
for operational purposes and to protect against adverse exchange
rate fluctuation. The net U.S. dollar value of foreign currency
underlying all contractual commitments held by the Fund and the <PAGE>
PAGE 165
resulting unrealized appreciation or depreciation are determined
using foreign currency exchange rates from an independent pricing
service. The Fund is subject to the credit risk that the other
party will not complete the obligations of the contract.

Federal taxes

Since the Fund's policy is to comply with all sections of the
Internal Revenue Code applicable to regulated investment companies
and to distribute all of its taxable income to shareholders, no
provision for income or excise taxes is required.

Net investment income (loss) and net realized gains (losses) may
differ for financial statement and tax purposes primarily because
of the deferral of losses on certain futures contracts, the
recognition of certain foreign currency gains (losses) as ordinary
income (loss) for tax purposes, and losses deferred due to "wash
sale" transactions. The character of distributions made during the
year from net investment income or net realized gains may differ
from their ultimate characterization for federal income tax
purposes. The effect on dividend distributions of certain
book-to-tax differences is presented as "excess distributions" in
the statement of changes in net assets. Also, due to the timing of
dividend distributions, the fiscal year in which amounts are
distributed may differ from the year that the income or realized
gains (losses) were recorded by the Fund.

On the statement of assets and liabilities, as a result of
permanent book-to-tax differences, undistributed net investment
income has been decreased by $1,133,533 and accumulated net
realized loss has been decreased by $1,133,533.

Dividends to shareholders

Dividends from net investment income, declared daily and paid each
calendar quarter, are reinvested in additional shares of the Fund
at net asset value or payable in cash. Capital gains, when
available, are distributed along with the last income dividend of
the calendar year.

Other

Security transactions are accounted for on the date securities are
purchased or sold. Dividend income is recognized on the ex-dividend
date or upon receipt of ex-dividend notification in the case of
certain foreign securities. For U.S. dollar denominated bonds,
interest income includes level-yield amortization of premium and
discount. For foreign bonds, except for original issue discount,
the Fund does not amortize premium and discount.

___________________________________________________________________
2. Expenses and sales charges

Under terms of a prior agreement that ended March 19, 1995, the
Fund paid AEFC a fee for managing its investments, recordkeeping
and other specified services. The fee was a percentage of the
Fund's average daily net assets consisting of a group asset charge
in reducing percentages from 0.46% to 0.32% annually on the <PAGE>
PAGE 166
combined net assets of all non-money market funds in the IDS
MUTUAL FUND GROUP and an individual annual asset charge of 0.46% of
average daily net assets.

Also under terms of a prior agreement, the Fund paid AEFC a
distribution fee at an annual rate of $6 per shareholder account
and a transfer agency fee at an annual rate of $15.50 per
shareholder account.

Under its Investment Management Services Agreement, AEFC determines
which securities will be purchased, held or sold. The management
fee is a percentage of the Fund's average daily net assets in
reducing percentages from 0.77% to 0.67% annually.

Under an Administrative Services Agreement, the Fund pays AEFC for
administration and accounting services at a percentage of the
Fund's average daily net assets in reducing percentages from 0.06%
to 0.04% annually.

Under a separate Transfer Agency Agreement, AEFC maintains
shareholder accounts and records. The Fund pays AEFC an annual fee
per shareholder account for this service as follows:

o Class A $15.50
o Class B $16.50
o Class Y $15.50

Also effective March 20, 1995, the Fund entered into agreements
with American Express Financial Advisors Inc. for distribution and
shareholder servicing-related services as follows: Under a Plan and
Agreement of Distribution, the Fund pays a distribution fee at an
annual rate of 0.75% of the Fund's average daily net assets
attributable to Class B shares for distribution-related services.

Under a Shareholder Service Agreement, the Fund pays a fee for
service provided to shareholders by financial advisors and other
servicing agents. The fee is calculated at a rate of 0.175% of the
Fund's average daily net assets attributable to Class A and Class B
shares.

AEFC will assume and pay any expenses (except taxes and brokerage
commissions) that exceed the most restrictive applicable state
expense limitation.

Sales charges received by American Express Financial Advisors Inc.
for distributing Fund shares were $2,842,816 for Class A and $1,209
for Class B for the year ended Oct. 31, 1995. The Fund also pays
custodian fees to American Express Trust Company, an affiliate of
AEFC.

During the year ended Oct. 31, 1995, the Fund's custodian and
transfer agency fees were reduced by $14,136 as a result of
earnings credits from overnight cash balances.
<PAGE>
PAGE 167
The Fund has a retirement plan for its independent directors. Upon
retirement, directors receive monthly payments equal to one-half of
the retainer fee for as many months as they served as directors up
to 120 months. There are no death benefits. The plan is not funded,
but the Fund recognizes the cost of payments during the time the
directors serve on the board. The retirement plan expense amounted
to $4,740 for the year ended Oct. 31, 1995.

3. Securities transactions

Cost of purchases and proceeds from sales of securities (other than
short-term obligations) aggregated $471,464,989 and $405,405,222,
respectively, for the year ended Oct. 31, 1995. Realized gains and
losses are determined on an identified cost basis.

Income from securities lending amounted to $19,089 for the year
ended Oct. 31, 1995. The risk to the Fund of securities lending are
that the borrower may not provide additional collateral when
required or return the securities when due.

___________________________________________________________________
4. Interest rate futures contracts

At Oct. 31, 1995, investments in securities included securities
valued at $1,939,470 that were pledged as collateral to cover
initial margin deposits on 100 purchased contracts. The market
value of the open contracts on Oct. 31, 1995 was $6,407,242 with a
net unrealized gain of $72,767.

___________________________________________________________________
5. Option contracts written

<TABLE>
<CAPTION>
The number of contracts and premium amounts associated with option contracts written is as follows:

Year ended Oct. 31, 1995
______________________________________________________
Puts Calls

Contracts Premium Contracts Premium
______________________________________________________________________________
<S> <C> <C> <C> <C>
Balance Oct. 31, 1994 100 $110,238 100 $ 121,800
Opened 450 702,125 975 1,632,625
Closed (450) (690,363) (925) (1,437,050)
Exercised (100) (122,000) -- --
Expired -- -- (150) (317,375)
______________________________________________________________________________
Balance Oct. 31, 1995 -- $ -- -- $ --
______________________________________________________________________________
<PAGE>
PAGE 168
___________________________________________________________________
6. Foreign currency contracts

At Oct. 31, 1995, the Fund had entered into five foreign currency
exchange contracts that obligate the Fund to deliver currency at
specified future dates. The unrealized appreciation and/or
depreciation on these contracts is included in the accompanying
financial statements. The terms of the open contracts are as
follows:

Exchange date Currency to be Currency to be Unrealized
delivered received depreciation
____________________________________________________________________________________________________
Nov. 2, 1995 3,322,053 $ 2,442,614 $ 36,993
Canadian Dollar U.S. Dollar

Nov. 13, 1995 5,020,354 497,000,000 149,765
U.S. Dollar Japanese Yen

Nov. 24, 1995 6,010,398 600,000,000 120,659
U.S. Dollar Japanese Yen

Nov. 27, 1995 5,146,836 510,000,000 138,293
U.S. Dollar Japanese Yen

Dec. 4, 1995 3,435,001 348,000,000 13,795
U.S. Dollar Japanese Yen
____________

$459,505
7. Capital share transactions

Transactions in shares of capital stock for the years indicated are as
follows:
________________________________________________________________________________________
Year ended Oct. 31, 1995 Year ended
10/31/94
Class A Class B* Class Y* Class A
________________________________________________________________________________________

Sold 28,365,320 6,075,865 328,333 55,715,517
Issued for reinvested 5,162,365 77,021 10,547 3,701,527
distributions
Redeemed (24,752,357) (94,515) (4) (19,204,423)
_______________________________________________________________________________________
Net increase 8,775,328 6,058,371 338,876 40,212,621
_______________________________________________________________________________________
*Inception date was March 20, 1995.
_________________________________________________________________________________________
</TABLE>

8. Capital loss carryover

For federal income tax purposes, the Fund had a capital loss
carryover of $3,589,371 at Oct. 31, 1995, that will expire in 2002
and 2003 if not offset by subsequent capital gains. It is unlikely
the board of directors will authorize a distribution of any net
realized capital gains until the available capital loss carryover
has been offset or expires.

___________________________________________________________________
9. Financial highlights

"Financial highlights" showing per share data and selected
information is presented on pages 6 and 7 of the prospectus.
<PAGE>
PAGE 169
<TABLE>
<CAPTION>
Investments in securities

IDS Global Bond Fund (Percentages represent value of
Oct. 31, 1995 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Bonds (84.2%)(b)
_____________________________________________________________________________________________________________________________
Issuer Coupon Maturity Principal Value(a)
rate year amount
_____________________________________________________________________________________________________________________________
<S> <C> <C> <C> <C>
Argentina (2.6%)
Argentina Euro
(U.S. Dollar) 6.50 % 2005 $12,000,000 (c) $ 7,147,500
Argentina Republic
(U.S. Dollar) 4.25 2023 16,500,000 7,889,062
____________
Total 15,036,562
_____________________________________________________________________________________________________________________________
Austria (4.9%)
Asian Development Bank
(Japanese Yen) 5.00 2003 213,000,000 2,387,730
Autobahn Schnell
(Japanese Yen) 6.00 2000 397,000,000 4,565,500
IADB
(Japanese Yen) 6.00 2001 59,000,000 693,250
Intl Bank Reconstruction & Development
(Japanese Yen) 4.50 1997 1,440,000,000 15,235,200
Republic of Austria Euro
(Japanese Yen) 5.25 1998 540,000,000 5,810,400
______________
Total 28,692,080
_____________________________________________________________________________________________________________________________
Brazil (3.0%)
Brazil C Bonds
(U.S. Dollar) 4.00 2014 5,040,748 2,567,631
Brazil DCB Bonds
(U.S. Dollar) 6.875 2012 20,600,000 11,317,125
Brazil ZL Bonds
(U.S. Dollar) 4.00 2024 4,000,000 1,942,500
Brazil ZL Bonds
(U.S. Dollar) 5.187 2024 3,250,000 (c) 1,937,813
______________
Total 17,765,069
_____________________________________________________________________________________________________________________________
Canada (4.7%)
Government of Canada
(Canadian Dollar) 10.50 2001 31,000,000 26,473,317
Rogers Cable System
(Canadian Dollar) 9.65 2014 2,000,000 1,298,740
______________
Total 27,772,057
_____________________________________________________________________________________________________________________________

See accompanying notes to financial statements.
<PAGE>
PAGE 170
China (1.6%)
Bank of China
(U.S. Dollar) 8.25 2014 5,000,000 4,847,950
Guang Dong Province Enterprises
(U.S. Dollar) 8.75 2003 5,000,000 (d) 4,667,550
_____________
Total 9,515,500
_____________________________________________________________________________________________________________________________
Colombia (0.7%)
Republic of Colombia
(U.S. Dollar) 7.25 2004 4,100,000 3,903,364
_____________________________________________________________________________________________________________________________
Denmark (5.0%)
Government of Denmark
(Danish Krone) 8.00 2003 113,200,000 21,185,380

9.00 2000 40,000,000 7,931,600
______________
Total 29,116,980
_____________________________________________________________________________________________________________________________
Finland (0.3%)
City of Helsinki
(U.S. Dollar) 7.90 2006 2,000,000 (d) 1,891,800
_____________________________________________________________________________________________________________________________
France (1.0%)
Government of France
(French Franc) 7.75 2005 28,100,000 5,941,183
_____________________________________________________________________________________________________________________________
Germany (13.6%)
Federal Republic of Germany
(Deutsche Mark) 6.00 2016 23,700,000 14,731,446
6.375 1998 12,200,000 9,020,192
7.50 2004 31,870,000 24,138,338
8.25 1997 6,000,000 4,535,880
8.75 2001 33,675,000 27,247,116
_______________
Total 79,672,972
_____________________________________________________________________________________________________________________________
Indonesia (1.2%)
Asian Pulp & Paper Intl Finance
(U.S. Dollar) 11.75 2005 2,500,000 2,556,250
Pt Indah Kiat Euro
(U.S. Dollar) 8.875 2000 2,500,000 2,314,625
Tjiwi Kimia
(U.S. Dollar) 13.25 2001 2,000,000 2,190,000
_______________
Total 7,060,875
_____________________________________________________________________________________________________________________________
Italy (5.0%)
Government of Italy
(Italian Lira) 8.50 1999 31,200,000,000 18,096,000
8.50 2004 11,450,000,000 5,954,000
Republic of Italy
(U.S. Dollar) 6.875 2023 6,000,000 5,543,820
__________
Total 29,593,820
______________________________________________________________________________________________________________________________

<PAGE>
PAGE 171
Japan (1.9%)
Euro Investment Bank
(Japanese Yen) 5.875 1999 380,000,000 4,347,200
Japan Development Bank
(Japanese Yen) 6.50 2001 550,000,000 6,600,000
____________
Total 10,947,200
_____________________________________________________________________________________________________________________________
Korea (1.1%)
Korea Electric Power
(U.S. Dollar) 7.75 2013 6,100,000 6,306,424
_____________________________________________________________________________________________________________________________
Mexico (2.2%)
BNCE
(U.S. Dollar) 7.25 2004 5,250,000 3,858,750
Mexican Cetes Treasury Bill
(Mexican Peso) Zero Coupon 42.29 1996 17,281,150 (e) 2,101,400
United Mexican States
(U.S. Dollar) 6.50 2019 6,000,000 3,532,500
8.50 2002 4,000,000 3,360,000
____________
Total 12,852,650
______________________________________________________________________________________________________________________________
New Zealand (1.7%)
Government of New Zealand
(New Zealand Dollar) 6.50 2000 15,685,000 10,095,531
_____________________________________________________________________________________________________________________________
Poland (1.2%)
Poland Discount
(U.S. Dollar) 6.812 2024 9,500,000 7,273,437
______________________________________________________________________________________________________________________________
Spain (2.9%)
Government of Spain
(Spanish Peseta) 7.40 1999 695,000,000 5,163,850
8.00 2004 1,755,000,000 12,091,950
____________
Total 17,255,800
_____________________________________________________________________________________________________________________________
South Africa (--%)
SAPI
(U.S. Dollar) 7.50 2002 175,000 (d) 178,281
_____________________________________________________________________________________________________________________________
<PAGE>
PAGE 172
United Kingdom (11.6%)
Abbey Natl
(U.S. Dollar) 8.20 2004 5,000,000 5,519,700
United Kingdom Treasury
(British Pound) 8.00 2003 18,650,000 29,856,039
8.50 2005 9,200,000 15,091,588
9.00 2000 10,700,000 17,922,179
_____________
Total 68,389,506
_____________________________________________________________________________________________________________________________
United States (18.0%)
AMR
(U.S. Dollar) 9.75 2021 500,000 582,490
10.00 2021 1,000,000 1,186,140
Chesapeake
(U.S. Dollar) 9.875 2003 1,000,000 1,178,810
Cleveland Electric Illuminating
(U.S. Dollar) 9.50 2005 3,000,000 3,115,800
Dayton Hudson
(U.S. Dollar) 8.50 2022 3,265,000 3,436,804
Fairchild Inds
(U.S. Dollar) Sr Sec Nts 12.25 1999 1,000,000 1,040,000
General Motors
(U.S. Dollar) 9.125 2001 2,000,000 2,253,500
Georgia-Pacific
(U.S. Dollar) Credit Sensitive Nts 9.85 1997 500,000 525,790
Government Natl Mtge Assn
(U.S. Dollar) 8.00 2024 4,843,953 4,992,323
Pacific Bell
(U.S. Dollar) 8.50 2031 5,000,000 5,369,200
PDV Amer
(U.S. Dollar) 7.875 2003 3,500,000 3,292,240
Phillips Pertoleum
(U.S. Dollar) 7.92 2023 3,115,000 3,221,658
Questar Pipeline
(U.S. Dollar) 9.375 2021 1,000,000 1,173,280
Reliance Inds
(U.S. Dollar) 8.125 2005 3,000,000 (d) 3,039,210
Resolution Funding Corp
(U.S. Dollar) Zero Coupon 7.50 2017 2,000,000 (e) 481,320
8.00 2016 3,259,000 (e) 839,812
Southern California Gas
(U.S. Dollar) 7.375 2023 900,000 917,487
Tele-Communications
(U.S. Dollar) 7.875 2013 3,000,000 2,964,180
Texas Utilities
(U.S. Dollar) 1st Mtge 9.75 2021 500,000 597,685
U.S. Treasury
(U.S. Dollar) 4.75 1998 14,535,000 14,184,706
7.25 2004 3,200,000 3,465,184
7.50 2016 19,300,000 21,734,888
7.625 2022 13,000,000 14,997,450
8.875 2019 8,595,000 (f) 11,113,163
____________
Total 105,703,120
_____________________________________________________________________________________________________________________________
Total bonds
(Cost: $480,966,928) $494,964,211
_____________________________________________________________________________________________________________________________
/TABLE
<PAGE>
PAGE 173
<TABLE>
<CAPTION>
_____________________________________________________________________________________________________________________________

Short-term securities (12.6%)
_____________________________________________________________________________________________________________________________
Issuer Annualized Amount Value(a)
yield on payable
date of at
purchase maturity
_____________________________________________________________________________________________________________________________
<S> <C> <C> <C>
U.S. government agencies (1.3%)
Federal Home Loan Bank
Disc Note
11-16-95 5.64% $3,600,000 $ 3,591,570
Federal Home Loan Mtge Corp
Disc Notes
11-20-95 5.63 1,900,000 1,894,385
11-20-95 5.64 1,500,000 1,495,559
Federal Natl Mtge Assn
Disc Note
11-13-95 5.64 800,000 798,501
_____________
Total 7,780,015
_____________________________________________________________________________________________________________________________
Commercial paper (11.3%)
Alabama Power
12-12-95 5.74 3,700,000 3,675,981
CPC Intl
11-08-95 5.77 5,500,000 (g) 5,493,861
Dean Witter, Discover & Co.
11-22-95 5.76 3,500,000 3,488,301
Deutsche Bank Financial
11-09-95 5.75 5,100,000 5,093,517
Mobil Australia
Finance
11-09-95 5.75 4,500,000 (g) 4,494,280
PACCAR Financial
11-20-95 5.75 3,500,000 3,489,434
11-28-95 5.75 1,200,000 1,194,852
11-29-95 5.75 4,900,000 4,878,201
PepsiCo
11-10-95 5.79 3,000,000 (g) 2,995,688
Pioneer Hi-Bred Intl
12-07-95 5.75 600,000 596,568
SAFECO Credit
11-28-95 5.75 2,900,000 2,887,559
St. Paul Companies
11-08-95 5.78 5,100,000 (g) 5,094,298
Sandoz
11-21-95 5.76 1,000,000 996,822
Sara Lee
11-06-95 5.84 1,400,000 1,398,872
Siemens
11-16-95 5.74 900,000 897,859
11-17-95 5.75 4,800,000 4,787,797
11-17-95 5.76 3,800,000 3,790,340
Sysco
12-04-95 5.75 2,400,000 (g) 2,387,438
Toyato Motor Credit
11-13-95 5.75 4,900,000 4,890,657
SL Capital
11-16-95 5.76 3,700,000 3,691,166
____________
Total 66,223,491
_____________________________________________________________________________________________________________________________
Total short-term securities
(Cost: $74,003,506) $ 74,003,506
_____________________________________________________________________________________________________________________________
Total investments in securities
(Cost: $554,970,434)(h) $568,967,717
_____________________________________________________________________________________________________________________________
<PAGE>
PAGE 174
Notes to investments in securities
_____________________________________________________________________________________________________________________________
(a) Securities are valued by procedures described in Note 1 to the financial statements.
(b) Foreign security values are stated in U.S. dollars. For debt securities, principal amounts are denominated
in the currency indicated.
(c) Interest rate varies, rate shown is the effective rate on Oct. 31, 1995.
(d) Represents a security sold under Rule 144A, which is exempt from registration under the Securities
Act of 1933, as amended. This security has been determined to be liquid under guidelines established
by the board of directors.
(e) For zero coupon bonds, the interest rate disclosed represents the annualized effective yield on
the date of acquisition.
(f) Partially pledged as initial deposit on the following open interest rate futures purchase contracts
(see Note 4 to the financial statements):

Type of Security Notional
amount
____________________________________________________________________________________

Italian Lira Currency futures 10,000,000

(g) Commercial paper sold within terms of a private placement memorandum, exempt from registration under
Section 4(2) of the Securities Act of 1933, as amended, and may be sold only to dealers in that
program or other "accredited investors." This security has been determined to be liquid under
guidelines established by the board of directors.
(h) At Oct. 31, 1995, the cost of securities for federal income tax purposes was $555,096,142
and the aggregate gross unrealized appreciation and depreciation based on that
cost was:

Unrealized appreciation $ 22,055,968
Unrealized depreciation (8,184,393)
_____________________________________________________________________________

Net unrealized appreciation $ 13,871,575
_____________________________________________________________________________
</TABLE>
<PAGE>
PAGE 175

Independent auditors' report

The board of directors and shareholders
IDS Global Series, Inc.:

We have audited the accompanying statement of assets and
liabilities, including the schedule of investments in securities,
of IDS Global Growth Fund (a series of IDS Global Series, Inc.) as
of October 31, 1995, and the related statement of operations for
the year then ended and the statements of changes in net assets for
each of the years in the two-year period ended
October 31, 1995, and the financial highlights for each of the
years in the five-year period ended October 31, 1995, and for the
period from May 29, 1990 (commencement of operations), to October
31, 1990. These financial statements and the financial highlights
are the responsibility of fund management. Our responsibility is to
express an opinion on these financial statements and the financial
highlights based on our audits.

We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements and the financial highlights are free of
material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. Investment securities held in custody are
confirmed to us by the custodian. As to securities purchased and
sold but not received or delivered, and securities on loan, we
request confirmations from brokers, and where replies are not
received, we carry out other appropriate auditing procedures. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of IDS
Global Growth Fund at October 31, 1995, and the results of its
operations for the year then ended and the changes in its net
assets for each of the years in the two-year period ended
October 31, 1995, and the financial highlights for the periods
stated in the first paragraph above, in conformity with generally
accepted accounting principles.

KPMG Peat Marwick LLP
Minneapolis, Minnesota
December 1, 1995
<PAGE>
PAGE 176
<TABLE>
<CAPTION>
Financial statements
Statement of assets and liabilities
IDS Global Growth Fund
Oct. 31, 1995
_____________________________________________________________________________________________________________

Assets
_____________________________________________________________________________________________________________
<S> <C>
Investments in securities, at value (Note 1):
Investments in securities of unaffiliated issuers (identified cost $690,959,451) $696,341,698
Investments in securities of affiliated issuers (identified cost $2,977,041) 3,150,000
Cash in bank on demand deposit 6,089,504
Dividends and accrued interest receivable 2,069,458
Receivable for investment securities sold 18,263,210
Unrealized appreciation on foreign currency contracts held, at value (Notes 1 and 4) 7,620
U.S. government securities held as collateral (Note 5) 9,574,741
_____________________________________________________________________________________________________________
Total assets 735,496,231
_____________________________________________________________________________________________________________

Liabilities
_____________________________________________________________________________________________________________
Payable for investment securities purchased 10,994,212
Unrealized depreciation on foreign currency contracts held, at value (Notes 1 and 4) 3,848,703
Payable upon return of securities loaned (Note 5) 16,671,706
Accrued investment management services fee 59,641
Accrued distribution fee 1,699
Accrued service fee 12,972
Accrued transfer agency fee 17,746
Accrued administrative services fee 4,250
Other accrued expenses 121,766
_____________________________________________________________________________________________________________

Total liabilities 31,732,695
_____________________________________________________________________________________________________________
Net assets applicable to outstanding capital stock $703,763,536
_____________________________________________________________________________________________________________

Total -- representing net assets applicable to outstanding capital stock $703,763,536
_____________________________________________________________________________________________________________
Net assets applicable to outstanding shares: Class A $659,071,729
Class B $ 21,191,733
Class Y $ 23,500,074
Net asset value per share of outstanding capital stock: Class A shares 103,455,734 $ 6.37
Class B shares 3,341,575 $ 6.34
Class Y shares 3,684,897 $ 6.38
See accompanying notes to financial statements.<PAGE>
PAGE 177
Financial statements

Statement of operations
IDS Global Growth Fund
Year ended Oct. 31, 1995
_____________________________________________________________________________________________________________
Investment income
_____________________________________________________________________________________________________________
Income:
Dividends (net of foreign taxes withheld of $716,243) $10,512,509
Interest 9,736,833
_____________________________________________________________________________________________________________
Total income 20,249,342
_____________________________________________________________________________________________________________
Expenses (Note 2):
Investment management services fee 5,454,220
Distribution fee
Class A 243,536
Class B 45,989
Transfer agency fee 1,642,098
Incremental transfer agency fee - Class B 1,594
Service fee
Class A 728,112
Class B 10,693
Administrative services fee 241,709
Compensation of directors 10,872
Compensation of officers 6,699
Custodian fees 636,223
Postage 135,965
Registration fees 107,971
Reports to shareholders 99,260
Audit fees 23,000
Administrative 10,143
Other 18,016
_____________________________________________________________________________________________________________
Total expenses 9,416,100
Earnings credits on cash balances (Note 2) (12,539)
_____________________________________________________________________________________________________________
Total net expenses 9,403,561
_____________________________________________________________________________________________________________
Investment income -- net 10,845,781
_____________________________________________________________________________________________________________
Realized and unrealized gain (loss) -- net
_____________________________________________________________________________________________________________
Net realized gain on security and foreign currency transactions
(including loss of $29,612 from foreign currency transactions)(Note 3) 279,261
Net realized gain on stock index futures contracts 1,758,122
_____________________________________________________________________________________________________________
Net realized gain on investments and foreign currency 2,037,383
Net change in unrealized appreciation or depreciation of investments and on
translation of assets and liabilities in foreign currencies (59,607,264)
_____________________________________________________________________________________________________________

Net loss on investments and foreign currency (57,569,881)
_____________________________________________________________________________________________________________

Net decrease in net assets resulting from operations $(46,724,100)
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
/TABLE
<PAGE>
PAGE 178
<TABLE>
<CAPTION>

Financial statements

Statements of changes in net assets
IDS Global Growth Fund
Year ended Oct. 31,
_____________________________________________________________________________________________________________

Operations and distributions 1995 1994
_____________________________________________________________________________________________________________
<S> <C> <C>
Investment income -- net $ 10,845,781 $ 4,023,830
Net realized gains on investments and foreign currency 2,037,383 5,188,698
Net change in unrealized appreciation or depreciation of investments
and on translation of assets and liabilities in foreign currencies (59,607,264) 33,656,723
_____________________________________________________________________________________________________________

Net increase (decrease) in net assets resulting from operations (46,724,100) 42,869,251
_____________________________________________________________________________________________________________

Distributions to shareholders from:
Net investment income
Class A (4,548,940) (1,094,030)
Net realized gains
Class A (5,265,856) (3,909,791)
_____________________________________________________________________________________________________________
Total distributions (9,814,796) (5,003,821)
_____________________________________________________________________________________________________________

Capital share transactions (Note 6)
_____________________________________________________________________________________________________________

Proceeds from sales
Class A shares (Note 2) 349,901,545 487,713,822
Class B shares 22,236,244 --
Class Y shares 28,305,289 --
Reinvestment of distributions at net asset value
Class A shares 9,752,256 4,980,642
Payments for redemptions
Class A shares (312,991,564) (104,574,827)
Class B shares (Note 2) (557,491) --
Class Y shares (6,322,878) --
_____________________________________________________________________________________________________________

Increase in net assets from capital share transactions 90,323,401 388,119,637
_____________________________________________________________________________________________________________

Total increase in net assets 33,784,505 425,985,067

Net assets at beginning of year 669,979,031 243,993,964
_____________________________________________________________________________________________________________

Net assets at end of year
(including undistributed net investment income of
$17,412,089 and $3,950,178) $703,763,536 $669,979,031
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 179
Notes to financial statements

IDS Global Growth Fund

___________________________________________________________________
1. Summary of significant accounting policies

IDS Global Growth Fund is a series of IDS Global Series, Inc. and
is registered under the Investment Company Act of 1940 (as amended)
as a diversified, open-end management investment company. IDS
Global Series, Inc. has 10 billion authorized shares of capital
stock that can be freely allocated among the separate series as
designated by the board of directors. The Fund offers Class A,
Class B and Class Y shares. Class A shares are sold with a front-
end sales charge. Class B shares, which the Fund began offering on
March 20, 1995, may be subject to a contingent deferred sales
charge. Class B shares automatically convert to Class A after eight
years. Class Y shares, which the Fund also began offering on March
20, 1995, have no sales charge and are offered only to qualifying
institutional investors.

All classes of shares have identical voting, dividend, liquidation
and other rights, and the same terms and conditions, except that
the level of distribution fee, transfer agency fee and service fee
(class specific expenses) differs among classes. Income, expenses
(other than class specific expenses) and realized and unrealized
gains or losses on investments are allocated to each class of
shares based upon its relative net assets.

Significant accounting policies followed by the Fund are summarized
below:

Valuation of securities

Option transactions

In order to produce incremental earnings, protect gains and
facilitate buying and selling of securities for investment
purposes, the Fund may buy or write options traded on any U.S. or
foreign exchange or in the over-the-counter market where the
completion of the obligation is dependent upon the credit standing
of the other party. The Fund also may buy and sell put and call
options and write covered call options on portfolio securities and
may write cash-secured put options. The risk in writing a call
option is that the Fund gives up the opportunity of profit if the <PAGE>
PAGE 180
market price of the security increases. The risk in writing a put
option is that the Fund may incur a loss if the market price of the
security decreases and the option is exercised. The risk in buying
an option is that the Fund pays a premium whether or not the option
is exercised. The Fund also has the additional risk of not being
able to enter into a closing transaction if a liquid secondary
market does not exist.

Option contracts are valued daily at the closing prices on their
primary exchanges and unrealized appreciation or depreciation is
recorded. The Fund will realize a gain or loss upon expiration or
closing of the option transaction. When an option is exercised, the
proceeds on sales for a written call option, the purchase cost for
a written put option or the cost of a security for a purchased put
or call option is adjusted by the amount of premium received or
paid.

Futures transactions

In order to gain exposure to or protect itself from changes in the
market, the Fund may buy and sell futures contracts traded on any
U.S. or foreign exchange. The Fund also may buy or write put and
call options on these futures contracts. Risks of entering into
futures contracts and related options include the possibility that
there may be an illiquid market and that a change in the value of
the contract or option may not correlate with changes in the value
of the underlying securities.

Foreign currency translations and
foreign currency contracts

Securities and other assets and liabilities denominated in foreign
currencies are translated daily into U.S. dollars at the closing
rate of exchange. Foreign currency amounts related to the purchase
or sale of securities and income and expenses are translated at the
exchange rate on the transaction date. The effect of changes in
foreign exchange rates on realized and unrealized security gains or
losses is reflected as a component of such gains or losses. In the
statement of operations, net realized gains or losses from foreign
currency transactions may arise from sales of foreign currency,
closed forward contracts, exchange gains or losses realized between
the trade date and settlement dates on securities transactions,
other translation gains or losses on dividends, interest income and
foreign withholding taxes.

The Fund may enter into forward foreign currency exchange contracts
for operational purposes and to protect against adverse exchange
rate fluctuation. The net U.S. dollar value of foreign currency
underlying all contractual commitments held by the Fund and the
resulting unrealized appreciation or depreciation are determined <PAGE>
PAGE 181
using foreign currency exchange rates from an independent pricing
service. The Fund is subject to the credit risk that the other
party will not complete the obligations of the contract.

Federal taxes

Net investment income (loss) and net realized gains (losses) may
differ for financial statement and tax purposes primarily because
of the deferral of losses on certain futures contracts, the
recognition of certain foreign currency gains (losses) as ordinary
income (loss) for tax purposes and losses deferred due to "wash
sale" transactions. The character of distributions made during the
year from net investment income or net realized gains may differ
from their ultimate characterization for federal income tax
purposes. Also, due to the timing of dividend distributions, the
fiscal year in which amounts are distributed may differ from the
year that the income or realized gains (losses) were recorded by
the Fund.

On the statement of assets and liabilities, as a result of
permanent book-to-tax differences, undistributed net investment
income has been increased by $7,165,070 and accumulated net
realized gain has been increased by $2,029,852, resulting in a net
classification adjustment to decrease additional
paid-in capital by $9,194,922.

Dividends to shareholders

An annual dividend declared and paid by the end of the calendar
year from net investment income is reinvested in additional shares
of the Fund at net asset value or payable in cash. Capital gains,
when available, are distributed along with the income dividend.

Other

Security transactions are accounted for on the date securities are
purchased or sold. Dividend income is recognized on the ex-dividend
date or upon receipt of ex-dividend notification in the case of
certain foreign securities. Interest income, including level-yield
amortization of premium and discount is accrued daily.
___________________________________________________________________
2. Expenses and sales charges

Under terms of a prior agreement that ended March 19, 1995, the
Fund paid AEFC a fee for managing its investments, recordkeeping
and other specified services. The fee was a percentage of the
Fund's average daily net assets consisting of a group asset charge
in reducing percentages from 0.46% to 0.32% annually on the
combined net assets of all non-money market funds in the IDS MUTUAL
FUND GROUP and an individual annual asset charge of 0.46% of
average daily net assets.

<PAGE>
PAGE 182
Also under terms of a prior agreement, the Fund paid AEFC a
distribution fee at an annual rate of $6 per shareholder account
and a transfer agency fee at an annual rate of $15 per shareholder
account.

Effective March 20, 1995, when the Fund began offering multiple
classes of shares, the Fund entered into agreements with AEFC for
managing its portfolio, providing administrative services and
serving as transfer agent as follows: Under its Investment
Management Services Agreement, AEFC determines which securities
will be purchased, held or sold. The management fee is a percentage
of the Fund's average daily net assets in reducing percentages from
0.8% to 0.675% annually.

Under a separate Transfer Agency Agreement, AEFC maintains
shareholder accounts and records. The Fund pays AEFC an annual fee
per shareholder account for this service as follows:

o Class A $15
o Class B $16
o Class Y $15

AEFC will assume and pay any expenses (except taxes and brokerage
commissions) that exceed the most restrictive applicable state
expense limitation.

Sales charges received by American Express Financial Advisors Inc.
for distributing Fund shares were $3,610,407 for Class A and $2,332
for Class B for the year ended Oct. 31, 1995. The Fund also pays
custodian fees to American Express Trust Company, an affiliate of
AEFC.

During the year ended Oct. 31, 1995, the Fund's custodian and
tranfer agency fees were reduced by $12,539 as a result of earnings
credits from overnight cash balances.

The Fund has a retirement plan for its independent directors. Upon
retirement, directors receive monthly payments equal to one-half of
the retainer fee for as many months as they served as directors up
to 120 months. There are no death benefits. The plan is not funded,
<PAGE>
PAGE 183
but the Fund recognizes the cost of payments during the time the
directors serve on the board. The retirement plan expense amounted
to $4,487 for the year ended Oct. 31, 1995.

___________________________________________________________________
3. Securities transactions

Cost of purchases and proceeds from sales of securities (other than
short-term obligations) aggregated $541,555,602 and $519,467,757,
respectively, for the year ended Oct. 31, 1995. Realized gains and
losses are determined on an identified cost basis.

Brokerage commissions paid to brokers affiliated with AEFC were
$6,922 for the year ended Oct. 31, 1995.

4. Foreign currency contracts

At Oct. 31, 1995, the Fund had entered into 12 foreign currency
exchange contracts that obligate the Fund to deliver currency at
specified future dates. The unrealized appreciation and/or
depreciation on these contracts is included in the accompanying
financial statements. The terms of the open contracts are as
follows:

Exchange date Currency to be Currency to be Unrealized Unrealized
delivered received appreciation depreciation
_____________________________________________________________________________________________
<S> <C> <C> <C> <C>
Nov. 1, 1995 2,476,677 1,760,329 $ 951 $ --
Deutsche Mark U.S. Dollar

Nov. 2, 1995 224,421,230 98,866 46 --
Indonesian Rupee U.S. Dollar

Nov. 2, 1992 388,830 276,315 98 --
Deutsche Mark U.S. Dollar

Nov. 2, 1995 261,214 185,669 108 --
Deutsche Mark U.S. Dollar

Nov. 2, 1995 1,148,070 815,369 -- 195
Deutsche Mark U.S. Dollar

Nov. 3, 1995 61,814 43,894 -- 17
Deutsche Mark U.S. Dollar

Nov. 6, 1995 16,656,085 11,838,434 6,307 --
Deutsche Mark U.S. Dollar

Nov. 7, 1995 7,838,854 1,604,022 -- 2,795
French Franc U.S. Dollar

Nov. 7, 1995 575,046 408,611 110 --
Deutsche Mark U.S. Dollar

Nov. 29, 1995 20,000,000 13,691,222 -- 534,643
Deutsche Mark U.S. Dollar

Nov. 29, 1995 60,000,000 41,016,666 -- 1,660,926
Deutsche Mark U.S. Dollar

Nov. 29, 1995 60,000,000 41,027,464 -- 1,650,127
Deutsche Mark U.S. Dollar
_________ ___________
$7,620 $3,848,703
_____________________________________________________________________________
/TABLE
<PAGE>
PAGE 184
5. Lending of portfolio securities

At Oct. 31, 1995, securities valued at $16,392,508 were on loan to
brokers. For collateral, the Fund received $7,096,965 in cash and
U.S. government securities valued at $9,574,741. Income from
securities lending amounted to $188,915 for the year ended Oct.
31, 1995. The risks to the Fund of securities lending are that the
borrower may not provide additional collateral when required or
return the securities when due.
___________________________________________________________________
6. Capital share transactions

Transactions in shares of capital stock for the years indicated are
as follows:

<TABLE>
<CAPTION>
Year ended Oct. 31, 1995 Year ended
10/31/94
Class A Class B* Class Y* Class A
______________________________________________________________________________
<S> <C> <C> <C> <C>
Sold 54,746,186 3,426,130 4,666,904 72,265,905
Issued for reinvested 1,583,930 -- -- 741,509
distributions
Redeemed (49,171,839) (84,555) (982,007) (15,415,895)
______________________________________________________________________________
Net increase 7,158,277 3,341,575 3,684,897 57,591,519
______________________________________________________________________________
*Inception date was March 20, 1995.
</TABLE>

___________________________________________________________________
7. Stock index futures contracts

Investments in securities at Oct. 31, 1995, included securities
valued at $8,092,500 that were pledged as collateral to cover
initial margin deposits on 799 open purchase contracts. The market
value of the open contracts at
Oct. 31, 1995, was $60,866,302 with a net unrealized loss of
$476,573.

___________________________________________________________________
8. Financial highlights

"Financial highlights" showing per share data and selected
information is presented on pages 5 and 6 of the prospectus.
<PAGE>
PAGE 185

<TABLE>
<CAPTION>
Investments in securities

IDS Global Growth Fund (Percentages represent value of
Oct. 31, 1995 investments compared to net assets)

Investments in securities of unaffiliated issuers
_____________________________________________________________________________________________________________________________

Common stocks (67.3%)
_____________________________________________________________________________________________________________________________

Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Argentina (2.8%)
Building materials & construction (0.8%)
IRSA 262,500 $ 5,512,500
_____________________________________________________________________________________________________________________________
Multi-industry conglomerates (1.3%)
Comp Naviera Perez ADR 1,000,000 (d) 8,820,000
_____________________________________________________________________________________________________________________________
Utilities-electric (0.7%)
Capex GDR 400,000 (d) 4,950,000
_____________________________________________________________________________________________________________________________
Australia (0.9%)
Airlines (0.6%)
Qantas Airways 256,500 (b) 4,533,021
_____________________________________________________________________________________________________________________________
Metals (0.3%)
Golden Shamrock 4,000,000 (c) 2,192,000
_____________________________________________________________________________________________________________________________
Bahamas (0.8%)
Industrial transportation
Teekay Shipping 250,000 5,812,500
_____________________________________________________________________________________________________________________________
Bermuda (0.5%)
Media
Comcast 275,000 (c) 3,540,625
______________________________________________________________________________________________________________________________
Brazil (0.7%)
Retail
Lojas Arapua ADR 486,000 (b,c) 4,598,492
______________________________________________________________________________________________________________________________
Canada (3.5%)
Energy (1.3%)
Renaissance Energy 400,000 (b,c) 8,844,932
_____________________________________________________________________________________________________________________________
Metals (2.2%)
Bre-X Minerals 318,100 (c) 11,277,917
Prime Resources 600,000 (c) 4,366,482
_____________
Total 15,644,399
_____________________________________________________________________________________________________________________________

See accompanying notes to investments in securities. <PAGE>
PAGE 186
Chile (3.5%)
Banks and savings & loans (1.3%)
Banco O'Higgins 270,000 5,771,250
Banco Osorno ADR 225,000 3,037,500
_____________
Total 8,808,750
_____________________________________________________________________________________________________________________________
Building materials (0.2%)
New World Infrastructure 720,000 (c) 1,266,480
______________________________________________________________________________________________________________________________
Industrial equipment & services (0.9%)
Madeco ADR 250,000 6,218,750
_____________________________________________________________________________________________________________________________
Retail (0.6%)
Santa Isabel 200,000 (b) 4,525,000
______________________________________________________________________________________________________________________________
Utilities-telephone (0.5%)
Telefonos de Chile ADR 53,600 3,859,200
______________________________________________________________________________________________________________________________
France (6.5%)
Computers & office equipment (1.2%)
Sligos 100,000 8,670,600
_____________________________________________________________________________________________________________________________
Electronics (0.9%)
SGS-Thomson Microele 135,000 (c) 6,108,750
______________________________________________________________________________________________________________________________
Industrial equipment & services (0.4%)
CNIM 72,700 2,533,304
_____________________________________________________________________________________________________________________________
Industrial transportation (0.7%)
SAGA 150,000 4,996,350
_____________________________________________________________________________________________________________________________
Metals (0.6%)
Usinor Sacilor 300,000 (c) 4,488,900
_____________________________________________________________________________________________________________________________
Retail (1.6%)
Castorama Dubois 70,000 11,378,430
_____________________________________________________________________________________________________________________________
Utilities-electric (1.1%)
Lyonnaise Des Eaux & De L'Eclairage 82,017 8,019,212
_____________________________________________________________________________________________________________________________
Germany (4.8%)
Banks and savings & loans (2.6%)
Bankgesellshchaft Berlin 40,000 11,792,280
Commerzbank 27,000 (d) 6,248,907
_____________
Total 18,041,187
_____________________________________________________________________________________________________________________________
Industrial equipment & services (1.4%)
Mannesmann 30,000 9,873,540
_____________________________________________________________________________________________________________________________
Metals (0.8%)
SGL Carbon 85,000 (b) 5,573,195
_____________________________________________________________________________________________________________________________
Hong Kong (4.2%)
Financial services (1.6%)
First Pacific 10,000,000 11,510,000
_____________________________________________________________________________________________________________________________
Multi-industry conglomerates (1.6%)
Hutchison Whampoa 2,000,000 11,018,000
_____________________________________________________________________________________________________________________________
Utilities-electric (1.0%)
Consolidated Electric Power 3,500,000 7,084,000
_____________________________________________________________________________________________________________________________
Indonesia (2.2%)
Banks and savings & loans (0.5%)
Lippo Bank Foreign 1,650,000 3,342,140
______________________________________________________________________________________________________________________________
Chemicals (0.6%)
PT Tri Polyta ADR 250,000 3,875,000
_____________________________________________________________________________________________________________________________
Industrial equipment & services (0.1%)
PT Komatsu 704,000 619,991
______________________________________________________________________________________________________________________________
Real estate (1.0%)
PT Jaya Real Properties 2,435,000 6,942,185
_____________________________________________________________________________________________________________________________
Italy (1.3%)
Multi-industry conglomerates (0.6%)<PAGE>
PAGE 187
Sasib 1,000,000 4,432,000
_____________________________________________________________________________________________________________________________
Utilities-telephone (0.7%)
Stet 1,800,000 5,101,200
______________________________________________________________________________________________________________________________
Japan (7.9%)
Building materials (0.6%)
Nishimatsu Construction 400,000 4,500,400
_____________________________________________________________________________________________________________________________
Electronics (2.3%)
Mitsubishi Electric 700,000 5,231,800
Rohm 100,000 6,075,700
TDK 100,000 5,156,000
____________
Total 16,463,500
_____________________________________________________________________________________________________________________________
Industrial equipment & services (1.6%)
Mitsubishi Heavy Inds 800,000 6,175,200
Secom 80,000 5,212,720
_____________
Total 11,387,920
_____________________________________________________________________________________________________________________________
Retail (1.8%)
Familymart 150,000 6,325,200
York-Benimaru 200,000 6,339,800
____________
Total 12,665,000
_____________________________________________________________________________________________________________________________
Utilities-electric (1.6%)
Oki Electric 650,000 (c,d) 6,022,250
Sumitomo Electric 475,000 5,483,400
_____________
Total 11,505,650
_____________________________________________________________________________________________________________________________
Mexico (3.3%)
Banks and savings & loans (0.5%)
Grupo Finance Banamex Series B 1,450,000 2,482,806
Grupo Finance Banamex Series L 72,500 119,052
Grupo Financiero Banorte Series B 975,000 (c) 998,946
____________
Total 3,600,804
_____________________________________________________________________________________________________________________________
Building materials & construction (2.1%)
Bufete Inds ADR 500,000 (c) 6,687,500
Empresas ICA Sociedad Controladora 500,000 (d) 4,750,000
Tolmex Series B 900,000 3,378,942
____________
Total 14,816,442
_____________________________________________________________________________________________________________________________
Multi-industry conglomerates (0.7%)
Grupo Carso ADR 500,000 (c) 5,235,085
_____________________________________________________________________________________________________________________________
Netherlands (3.5%)
Building materials & construction (2.4%)
IHC Caland 200,000 5,691,800
Volker Stevin 177,400 11,412,852
_____________
Total 17,104,652
_____________________________________________________________________________________________________________________________
Energy equipment & services (0.9%)
Schlumberger 100,000 6,225,000
_____________________________________________________________________________________________________________________________
Textiles & apparel (0.2%)
Gucci 52,400 (c,d) 1,572,000
_____________________________________________________________________________________________________________________________
Norway (0.1%)
Banks and savings & loans
Fokus Bank 145,000 (c) 768,355
_____________________________________________________________________________________________________________________________
Peru (0.6%)
Banks and savings & loans
Banco Wiese ADR 600,000 3,975,000
_____________________________________________________________________________________________________________________________
Phillipines (2.4%)
Financial services (0.8%)
Filinvest Development 6,000,000 (b) 5,304,000
_____________________________________________________________________________________________________________________________
Paper & packaging (1.6%)
Intl Container Service 10,000,000 4,220,000
<PAGE>
PAGE 188
Portucell ADR 1,000,000 (d) 7,000,876
_____________
Total 11,220,876
_____________________________________________________________________________________________________________________________
Singapore/Malaysia (2.1%)
Banks and savings & loans (0.9%)
Commerce Asset 1,082,000 (b) 5,364,556
Commerce Asset 138,000 684,204
_____________
Total 6,048,760
_____________________________________________________________________________________________________________________________
Multi-industry conglomerates (1.2%)
Keppel 1,000,000 8,209,000
_____________________________________________________________________________________________________________________________
Spain (1.1%)
Utilities-telephone
Telefonica de Espana ADR 200,000 7,525,000
_____________________________________________________________________________________________________________________________
Sweden (1.3%)
Banks and savings & loans (0.4%)
Nordbanken ADR 91,000 (b,c) 2,684,500
_____________________________________________________________________________________________________________________________
Metals (0.9%)
Hoganas Cl B 235,000 6,334,425
______________________________________________________________________________________________________________________________
<PAGE>
PAGE 189
Switzerland (0.8%)
Multi-industry conglomerates
BBC Brown Boveri Series A 5,000
5,794,100
_____________________________________________________________________________________________________________________________
Taiwan (0.4%)
Electronics
Acer GDR 144,000 (b) 1,890,000
Siliconware 39,500 (c) 622,125
_____________
Total 2,512,125
_____________________________________________________________________________________________________________________________
Thailand (1.9%)
Banks and saving & loans (0.7%)
Bangkok Bank 450,000 4,648,950
_____________________________________________________________________________________________________________________________
Building materials (1.2%)
Siam City Cement 280,000 4,628,400
TPI Polene 602,400 3,949,772
_____________
Total 8,578,172
_____________________________________________________________________________________________________________________________
United Kingdom (5.4%)
Electronics (1.7%)
Electrocomponents 1,200,000 6,146,400
Nynex Cable ADR 270,000 (c) 5,501,250
_____________
Total 11,647,650
_____________________________________________________________________________________________________________________________
Financial services (0.5%)
GT Chile Growth Euro 100,000 3,825,000
_____________________________________________________________________________________________________________________________
Health care (1.1%)
SmithKline Beecham 150,000 (c) 7,781,250
_____________________________________________________________________________________________________________________________
Media (1.3%)
British Sky 117,500 4,200,625
Videotron 400,000 5,275,000
_____________
Total 9,475,625
_____________________________________________________________________________________________________________________________
Metals (0.8%)
Tambang Timah 477,000 (c) 5,712,075
_____________________________________________________________________________________________________________________________
United States (4.8%)
Financial services (0.4%)
Credicorp 160,000 (c) 2,640,000
______________________________________________________________________________________________________________________________
Industrial transportation (1.0%)
Fritz 200,000 (c,e) 7,000,000
_____________________________________________________________________________________________________________________________
Metals (2.8%)
Alumax 150,000 (c) 4,425,000
Stillwater Mining 50,000 843,750
Stillwater Mining 450,000 (b,c) 7,593,750
UCAR Intl 250,000 (b) 7,125,000
_____________
Total 19,987,500
_____________________________________________________________________________________________________________________________
Utilities-telephone (0.6%)
Orion Network Systems 439,200 (c) 4,062,600
_____________________________________________________________________________________________________________________________
Total common stocks of unaffiliated issuers
(Cost: $483,030,708) $473,546,049
_____________________________________________________________________________________________________________________________

Bonds (6.9%)
_____________________________________________________________________________________________________________________________

Issuer and Principal Value(a)
coupon rate Amount
_____________________________________________________________________________________________________________________________
Argentina (0.6%)
Banco de Galicia
(U.S. Dollar)
7% Cv 2002 $ 5,000,000 $ 4,081,250
_____________________________________________________________________________________________________________________________
Luxembourg (0.7%)
Scandinavian Broadcast <PAGE>
PAGE 190
(U.S. Dollar)
7.25% Cv 2005 4,500,000 4,826,250
______________________________________________________________________________________________________________________________
Malaysia (1.9%)
Commerce Asset
(U.S. Dollar)
1.75% Cv 2004 1,500,000 1,668,750
Renong
(U.S. Dollar)
2.50% Cv 2005 10,000,000 (b) 11,875,000
_____________
Total 13,543,750
_____________________________________________________________________________________________________________________________
Mexico (1.3%)
Banco Nacional de Mexico
(U.S. Dollar)
7% Cv 1999 5,000,000 (b) 4,000,000
Mexican Cetes
(Mexican Peso)
Zero Coupon
50.60% Treasury Bill 1995 38,099,640 (f) 5,287,829
____________
Total 9,287,829
_____________________________________________________________________________________________________________________________
South Africa (0.3%)
Sappi BVI Finance
(U.S. Dollar)
7.50% Cv 2002 1,825,000 (b) 1,859,219
_____________________________________________________________________________________________________________________________
Thailand (0.6%)
Sahaviriya Steel
(U.S. Dollar)
3.50% Cv 2005 5,000,000 (b) 4,250,000
_____________________________________________________________________________________________________________________________
United Kingdom (0.9%)
Liberty Life Insurance
(U.S. Dollar)
6.50% Cv 2004 6,000,000 (b) 6,600,000
______________________________________________________________________________________________________________________________
<PAGE>
PAGE 191
United States (0.6%)
Intl Cabletel
(U.S. Dollar)
7.25% Cv 2005 3,800,000 4,374,750
______________________________________________________________________________________________________________________________
Total bonds
(Cost: $45,615,498) $ 48,823,048
_____________________________________________________________________________________________________________________________

Preferred stocks (3.3%)
_____________________________________________________________________________________________________________________________

Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
Germany
Friedrich Grohe 25,000 $ 6,002,675
Jungheinrich 50,000 9,199,400
Moebel Walther 400 176,174
SAP 50,000 7,672,050
_____________
Total 23,050,299
_____________________________________________________________________________________________________________________________
Total preferred stocks
(Cost: $11,387,424) $ 23,050,299
_____________________________________________________________________________________________________________________________
</TABLE>
<TABLE>
<CAPTION>
Short-term securities (21.4%)
_____________________________________________________________________________________________________________________________

Issuer Annualized Amount Value(a)
yield on payable
date of at
purchase maturity
_____________________________________________________________________________________________________________________________
<S> <C> <C> <C>
U.S. government agency (0.7%)
U.S. Treasury Bills
01-18-96 5.37% $5,000,000 (e) $ 4,942,176
_____________________________________________________________________________________________________________________________
Commercial paper (19.5%)
A.I. Credit
12-04-95 5.75 6,000,000 5,968,540
Aon
11-08-95 5.75 5,000,000 4,994,439
11-10-95 5.75 3,000,000 2,995,710
CAFCO
11-14-95 5.76 1,800,000 (g) 1,796,282
11-15-95 5.75 4,000,000 (g) 3,991,102
12-05-95 5.74 3,600,000 3,580,620
Commerzbank U.S. Finance
12-01-95 5.75 5,000,000 4,976,167
Consolidated Rail
11-27-95 5.75 4,700,000 (g) 4,680,618
CPC Intl
11-01-95 5.79 7,400,000 (g) 7,400,000
11-16-95 5.79 7,600,000 (g) 7,581,792
Dean Witter, Discover & Co.
11-22-95 5.76 6,300,000 6,278,942
Ford Motor Credit
11-17-95 5.77 4,300,000 4,289,049
Goldman Sachs Group
11-22-95 5.76 2,700,000 2,690,991
Harris Bank
11-03-95 5.75 5,800,000 5,800,000
Lincoln Natl
11-20-95 5.76 3,900,000 (g) 3,888,206
Metlife Funding
11-29-95 5.74 2,200,000 2,190,247
Morgan Stanley Group
11-10-95 5.76 8,500,000 8,487,824
Motorola
12-07-95 5.74 5,000,000 4,971,500
PACCAR Financial
11-07-95 5.75 4,300,000 4,295,901
12-04-95 5.75 3,200,000 3,183,221
Pfizer
12-07-95 5.74 7,100,000 (g) 7,059,530
<PAGE>
PAGE 192
Pioneer Hi-Bred Intl
11-14-95 5.75 3,100,000 3,093,597
Reed Elsevier
11-10-95 5.76 5,100,000 (g) 5,092,694
12-01-95 5.74 4,200,000 (g) 4,180,015
Sandoz
11-13-95 5.84 2,600,000 2,594,973
11-21-95 5.76 2,900,000 2,890,784
Southern California Gas
11-17-95 5.76 4,400,000 (g) 4,388,814
12-12-95 5.76 2,800,000 (g) 2,780,807
Transamerica Financial
11-06-95 5.77 4,700,000 4,696,259
USL Capital
11-13-95 5.76 6,500,000 6,487,585
_____________
Total 137,306,209
_____________________________________________________________________________________________________________________________
Letters of credit (1.2%)
First Natl Bank Chicago-
Commed Fuel
11-09-95 5.76 2,911,000 2,907,293
11-09-95 5.82 3,784,000 3,779,140
Barclays Bank-
Banco Nacional de Mexico
12-06-95 5.79 2,000,000 1,987,484
____________
Total 8,673,917
_____________________________________________________________________________________________________________________________
Total short term securities
(Cost: $150,925,821) $150,922,302
_____________________________________________________________________________________________________________________________
Total investments in securities of unaffiliated issuers
(Cost: $690,959,451) $696,341,698
_____________________________________________________________________________________________________________________________
/TABLE
<PAGE>
PAGE 193
<TABLE>
<CAPTION>
_____________________________________________________________________________________________________________________________
Investments in securities of affiliated issuer (h)
_____________________________________________________________________________________________________________________________

Common stock (0.4%)
_____________________________________________________________________________________________________________________________

______________________________________________________________________________________________________________________________

Notes to investments in securities
_____________________________________________________________________________________________________________________________
(a) Securities are valued by procedures described in Note 1 to the financial statements. Foreign security values are stated

in U.S. dollars. For debt securities, principal amounts are denominated in the currency indicated.
(b) Represents a security sold under Rule 144A, which is exempt from registration under the Securities Act of 1933, as
amended.
This security has been determined to be liquid under guidelines established by the board of directors.
(c) Presently non-income producing.
(d) Security is partially or fully on loan. See Note 5 to the financial statements.
(e) Fully or partially pledged as initial deposit on the following open stock index futures purchase contracts (see Note 7
to the financial statements):

Type of security Contracts
______________________________________________________________
Hang Sang Index, Nov. 1995 389
Nikkei 225 Stock Index, Dec. 1995 410
______________________________________________________________
(f) For zero coupon bonds, the interest rate disclosed represents the annualized effective yield on the date of acquisition.
(g) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the
Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors." This
security has been determined to be liquid under guidelines established by the board of directors.
(h) Investments representing 5% or more of the outstanding voting securities of the issuer.
(i) At Oct. 31, 1995, the cost of securities for federal income tax purposes was $702,850,321 and the
aggregate gross unrealized appreciation and depreciation based on that cost was:

Unrealized appreciation $52,084,576
Unrealized depreciation (55,443,199)
____________________________________________________________________________________________
Net unrealized depreciation $(3,358,623)
____________________________________________________________________________________________

</TABLE>
<PAGE>
PAGE 195
Part C. OTHER INFORMATION

Item 24. Financial Statements and Exhibits

(a) Financial Statements included in Part B of this Registration
Statement for IDS Global Bond Fund:

Independent auditors' report dated Dec. 1, 1995
Statement of assets and liabilities, Oct. 31, 1995
Statement of operations, Year ended Oct. 31, 1995
Statements of changes in net assets, for the two-year
period ended Oct. 31, 1995 and Oct. 31, 1994
Notes to financial statements
Investments in securities, Oct. 31, 1995
Notes to investments in securities.

Financial Statements included in Part B of this Registration
Statement for IDS Global Growth Fund:

Independent auditors' report dated Dec. 1, 1995
Statement of assets and liabilities, Oct. 31, 1995
Statement of operations, Year ended Oct. 31, 1995
Statement of changes in net assets, for the two-year
period ended Oct. 31, 1995 and Oct. 31, 1994
Notes to financial statements
Investments in securities, Oct. 31, 1995
Notes to investments in securities.

(b) Exhibits:

1. Articles of Incorporation dated October 28, 1988, filed as
Exhibit 1 to Registration Statement No. 33-25824, is
incorporated herein by reference. Articles of Amendment,
dated October 10, 1990, filed as Exhibit 1 to Registrant's
Post Effective Amendment No. 9 to Registration Statement No.
33-25824, is incorporated herein by reference.

2. Copy of By-laws, filed as Exhibit 2 to Registrant's Initial
Registration Statement No. 33-25824, is incorporated herein
by reference.

3. Not Applicable.

4. Not Applicable.

5. Form of Investment Management and Services Agreement between
Registrant and American Express Financial Corporation, dated
March 20, 1995, filed electronically as Exhibit 5 to
Registrant's Post-Effective Amendment No. 21 to Registration
Statement No. 33-25824 is incorporated herein by reference.

6. Form of Distribution Agreement between Registrant and
American Express Financial Advisors Inc., dated March 20,
1995, filed electronically as Exhibit 6 to Registrant's
Post-Effective Amendment No. 21 to Registration Statement
No. 33-25824 is incorporated herein by reference.

<PAGE>
PAGE 196
7. All employees are eligible to participate in a profit
sharing plan. Entry into the plan is Jan. 1 or July 1. The
Registrant contributes each year an amount up to 15 percent
of their annual salaries, the maximum deductible amount
permitted under Section 404(a) of the Internal Revenue Code.

8(a). Form of Custodian Agreement between Registrant and American
Express Trust Company, dated March 20, 1995, filed
electronically as Exhibit 8(a) to Registrant's Post-
Effective Amendment No. 21 to Registration Statement No. 33-
25824, is incorporated herein by reference.

8(b). Form of Custody Agreement between Morgan Stanley Trust
Company and IDS Bank and Trust dated May, 1993, filed
electronically as Exhibit 8(b) to Registrant's Post-
Effective Amendment No. 22 to Registration Statement No. 33-
25824, is incorporated herein by reference.

9(a). Form of Transfer Agency Agreement between Registrant and
American Express Financial Corporation, dated March 20,
1995, filed electronically as Exhibit 9(a) to Registrant's
Post-Effective Amendment No. 21 to Registration Statement
No. 33-25824, is incorporated herein by reference.

9(b). Copy of License Agreement dated January 12, 1989, filed as
Exhibit 9(b) to Registrant's Post-Effective Amendment No. 1
to Registration Statement No. 33-25824, is incorporated
herein by reference.

9(c). Form of Shareholder Service Agreement between Registrant and
American Express Financial Advisors Inc., dated March 20,
1995, filed electronically as Exhibit 9(c) to Registrant's
Post-Effective Amendment No. 21 to Registration Statement
No. 33-25824, is incorporated herein by reference.

9(d). Form of Administrative Services Agreement between Registrant
and American Express Financial Corporation, dated March 20,
1995, filed electronically as Exhibit 9(d) to Registrant's
Post-Effective Amendment No. 21 to Registration Statement
No. 33-25824, is incorporated herein by reference.

10. Opinion and consent of counsel as to the legality of the
securities being registered is filed with Registrant's most
recent 24f-2 Notice.

11. Independent Auditors' Consent filed electronically herewith.

12. None.

13. Copy of agreement made in consideration for providing
initial capital between Registrant and IDS Financial
Corporation filed as Exhibit 13 to Registration Statement
No. 33-25824, is incorporated herein by reference.

14. Forms of Keogh, IRA and other retirement plans, filed as
Exhibits 14(a) through 14(n) to IDS Growth Fund, Inc., Post-
Effective Amendment No. 34 to Registration Statement No. 2-
38355 on Sept. 8, 1986, are incorporated herein by
reference. <PAGE>
PAGE 197
15. Form of Plan and Agreement of Distribution between
Registrant and American Express Financial Advisors Inc.,
dated March 20, 1995, filed electronically as Exhibit 15 to
Registrant's Post-Effective Amendment No. 21 to Registration
Statement No. 33-25824, is incorporated herein by reference.

16(a). Not applicable.

16(b). Schedule for computation of each performance quotation
provided in the Registration Statement in response to Item
22, filed as Exhibit 16(b) to Registrant's Post-Effective
Amendment No. 15 to Registration Statement No. 33-25824, is
incorporated herein by reference.

17. Financial Data Schedule filed electronically herewith.

18. Copy of Plan pursuant to Rule 18f-3 under the 1940 Act
filed electronically as Exhibit 18 to Registrant's Post-
Effective Amendment No. 22 to registration Statement No. 33-
25824 is incorporated herein by reference.

19(a). Directors' Power of Attorney dated Nov. 10, 1994 filed
electronically as Exhibit 18(a) to Registrant's Post-
Effective Amendment No. 20, is incorporated herein by
reference.

19(b). Officers' Power of Attorney, dated Nov. 1, 1995, to sign
Amendments to this Registration Statement, filed
electronically herewith.

Item 25. Persons Controlled by or Under Common Control with
Registrant

None.

Item 26. Number of Holders of Securities

(1) (2)
Number of Record
Holders as of
Title of Class December 1, 1995

IDS Global Bond Fund Common Stock 56,220
IDS Global Growth Fund Common Stock 103,850

Item 27. Indemnification

The Articles of Incorporation of the registrant provide that the
Fund shall indemnify any person who was or is a party or is
threatened to be made a party, by reason of the fact that she or he
is or was a director, officer, employee or agent of the Fund, or is
or was serving at the request of the Fund as a director, officer,
employee or agent of another company, partnership, joint venture,
trust or other enterprise, to any threatened, pending or completed
action, suit or proceeding, wherever brought, and the Fund may
purchase liability insurance and advance legal expenses, all to the
fullest extent permitted by the laws of the State of Minnesota, as <PAGE>
PAGE 198
now existing or hereafter amended. The By-laws of the registrant
provide that present or former directors or officers of the Fund
made or threatened to be made a party to or involved (including as
a witness) in an actual or threatened action, suit or proceeding
shall be indemnified by the Fund to the full extent authorized by
the Minnesota Business Corporation Act, all as more fully set forth
in the By-laws filed as an exhibit to this registration statement.

Insofar as indemnification for liability arising under the
Securities Act of 1933 may be permitted to directors, officers and
controlling persons of the registrant pursuant to the foregoing
provisions, or otherwise, the registrant has been advised that in
the opinion of the Securities and Exchange Commission such
indemnification is against public policy as expressed in the Act
and is, therefore, unenforceable. In the event that a claim for
indemnification against such liabilities (other than the payment by
the registrant of expenses incurred or paid by a director, officer
or controlling person of the registrant in the successful defense
of any action, suit or proceeding) is asserted by such director,
officer or controlling person in connection with the securities
being registered, the registrant will, unless in the opinion of its
counsel the matter has been settled by controlling precedent,
submit to a court of appropriate jurisdiction the question whether
such indemnification by it is against public policy as expressed in
the Act and will be governed by the final adjudication of such
issue.

Any indemnification hereunder shall not be exclusive of any other
rights of indemnification to which the directors, officers,
employees or agents might otherwise be entitled. No
indemnification shall be made in violation of the Investment
Company Act of 1940.
<PAGE>
PAGE 199

<PAGE>
PAGE 1
<TABLE><CAPTION>
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)

Directors and officers of American Express Financial Corporation who are directors and/or
officers of one or more other companies:
<S> <C> <C>
Ronald G. Abrahamson, Vice President--Service Quality and Reengineering

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Service Quality
and Reengineering
American Express Service Corporation Vice President

Douglas A. Alger, Vice President--Total Compensation

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Total Compensation

Peter J. Anderson, Director and Senior Vice President--Investments

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Investments
IDS Advisory Group Inc. Director and Chairman
of the Board
IDS Capital Holdings Inc. Director and President
IDS International, Inc. Director, Chairman of the
Board and Executive Vice
President
IDS Securities Corporation Executive Vice President-
Investments
NCM Capital Management Group, Inc. 2 Mutual Plaza Director
501 Willard Street
Durham, NC 27701

Ward D. Armstrong, Vice President-Sales and Marketing, American Express Institutional Services

American Express Financial Advisors IDS Tower 10 Vice President-Sales and
Minneapolis, MN 55440 Marketing, American
Express Institutional
Services

Joseph M. Barsky III, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-Senior
Minneapolis, MN 55440 Portfolio Manager
IDS Advisory Group Inc. Vice President

Robert C. Basten, Vice President--Tax and Business Services

American Express Financial Advisors IDS Tower 10 Vice President-Tax
Minneapolis, MN 55440 and Business Services
American Express Tax & Business Director, President and
Services Inc. Chief Executive Officer
<PAGE>
PAGE 2
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Timothy V. Bechtold, Vice President--Risk Management Products

American Express Financial Advisors IDS Tower 10 Vice President-Risk
Minneapolis, MN 55440 Management Products
IDS Life Insurance Company Vice President-Risk
Management Products

Carl E. Beihl, Vice President--Strategic Technology Planning

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Strategic Technology
Planning
Alan F. Bignall, Vice President--Financial Planning Systems

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Financial Planning
Systems
American Express Service Corporation Vice President

John C. Boeder, Vice President--Mature Market Group

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Mature Market Group
IDS Life Insurance Company of New York Box 5144 Director
Albany, NY 12205

Karl J. Breyer, Director, Senior Vice President--Corporate Affairs and General Counsel

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Corporate Affairs and
Special Counsel
American Express Minnesota Foundation Director
IDS Aircraft Services Corporation Director and President

Harold E. Burke, Vice President and Assistant General Counsel

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel
American Express Service Corporation Vice President

Daniel J. Candura, Vice President--Marketing Support

American Express Financial Advisors IDS Tower 10 Vice President-Marketing
Minneapolis, MN 55440 Support

Cynthia M. Carlson, Vice President--American Express Securities Services

American Enterprise Investment IDS Tower 10 Director, President and
Services Inc. Minneapolis, MN 55440 Chief Executive Officer
American Express Financial Advisors Vice President-American
Express Securities Services
<PAGE>
PAGE 3
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Orison Y. Chaffee III, Vice President--Field Real Estate

American Express Financial Advisors IDS Tower 10 Vice President-Field
Minneapolis, MN 55440 Real Estate

James E. Choat, Director and Senior Vice President--Field Management

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Field Management
American Express Insurance Agency of Nevada Inc. Vice President--North
Central Region
American Express Minnesota Foundation Director
American Express Service Corporation Vice President
IDS Insurance Agency of Alabama Inc. Vice President--North
Central Region
IDS Insurance Agency of Arkansas Inc. Vice President--North
Central Region
IDS Insurance Agency of Massachusetts Inc. Vice President--North
Central Region
IDS Insurance Agency of New Mexico Inc. Vice President--North
Central Region
IDS Insurance Agency of North Carolina Inc. Vice President--North
Central Region
IDS Insurance Agency of Ohio Inc. Vice President--North
Central Region
IDS Insurance Agency of Wyoming Inc. Vice President-- North
Central Region
IDS Property Casualty Insurance Co. Director

Kenneth J. Ciak, Vice President and General Manager--IDS Property Casualty

AMEX Assurance Co. Director and President
American Express Financial Advisors IDS Tower 10 Vice President and General
Minneapolis, MN 55440 Manager-IDS Property
Casualty
IDS Property Casualty Insurance Co. I WEG Blvd. Director and President
DePere, Wisconsin 54115
<PAGE>
PAGE 4
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Colleen Curran, Vice President and Assistant General Counsel
American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel

Alan R. Dakay, Vice President--Institutional Products Group

American Centurion Life Assurance Co. Director and Vice Chairman
and President, Financial
Institutions Division

American Enterprise Life Insurance Co. IDS Tower 10 Director and President
Minneapolis, MN 55440
American Express Financial Advisors Vice President -
Institutional Products
Group

IDS Life Insurance Company Vice President -
Institutional Insurance
Marketing

Regenia David, Vice President--Systems Services

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Systems Services

William H. Dudley, Director and Executive Vice President--Investment Operations

American Express Financial Advisors IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President-
Investment Operations
IDS Advisory Group Inc. Director
IDS Capital Holdings Inc. Director
IDS Futures Corporation Director
IDS Futures III Corporation Director
IDS International, Inc. Director
IDS Securities Corporation Director, Chairman of the
Board, President and
Chief Executive Officer

Roger S. Edgar, Director, Senior Vice President and Technology Advisor

American Express Financial Advisors IDS Tower 10 Senior Vice President and
Minneapolis, MN 55440 Technology Advisor
<PAGE>
PAGE 5
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Gordon L. Eid, Director, Senior Vice President and Deputy General Counsel

American Express Financial Advisors IDS Tower 10 Senior Vice President and
Minneapolis, MN 55440 General Counsel
American Express Insurance Agency of Nevada Inc. Director and Vice President
IDS Insurance Agency of Alabama Inc. Director and Vice President
IDS Insurance Agency of Arkansas Inc. Director and Vice President
IDS Insurance Agency of Massachusetts Inc. Director and Vice President
IDS Insurance Agency of New Mexico Inc. Director and Vice President
IDS Insurance Agency of North Carolina Inc. Director and Vice President
IDS Insurance Agency of Ohio Inc. Director and Vice President
IDS Insurance Agency of Wyoming Inc. Director and Vice President
IDS Real Estate Services, Inc. Vice President
Investors Syndicate Development Corp. Director

Robert M. Elconin, Vice President--Government Relations

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Government Relations
IDS Life Insurance Company Vice President

Mark A. Ernst, Vice President--Retail Services

American Enterprise Investment IDS Tower 10 Director
Services Inc. Minneapolis, MN 55440
American Express Financial Advisors Vice President-
Retail Services
American Express Tax & Business Director and Chairman of
Services Inc. the Board

Gordon M. Fines, Vice President--Mutual Fund Equity Investments

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Mutual Fund Equity
Investments
IDS Advisory Group Inc. Executive Vice President
IDS International, Inc. Vice President and
Portfolio Manager

Robert G. Gilbert, Vice President--Real Estate

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Real Estate

John J. Golden, Vice President--Field Compensation Development

American Express Financial Advisors IDS Tower 10 Vice President-Field
Minneapolis, MN 55440 Compensation Development

Harvey Golub, Director

American Express Company American Express Tower Chairman and Chief
World Financial Center Executive Officer
New York, New York 10285
American Express Travel Chairman and Chief
Related Services Company, Inc. Executive Officer<PAGE>
PAGE 6
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Morris Goodwin Jr., Vice President and Corporate Treasurer

American Centurion Life Assurance Co. Vice President and
Treasurer
American Enterprise Investment IDS Tower 10 Vice President and
Services Inc. Minneapolis, MN 55440 Treasurer
American Enterprise Life Insurance Vice President and
Company Treasurer
American Express Financial Advisors Vice President and
Corporate Treasurer
American Express Insurance Agency of Nevada Inc. Vice President and
Treasurer
American Express Minnesota Foundation Vice President and
Treasurer
American Express Service Corporation Vice President and
Treasurer
American Express Tax & Business Vice President and
Services Inc. Treasurer
American Partners Life Insurance Co. Vice President and
Treasurer
AMEX Assurance Co. Vice President and
Treasurer
IDS Advisory Group Inc. Vice President and
Treasurer
IDS Aircraft Services Corporation Vice President and
Treasurer
IDS Cable Corporation Director, Vice President
and Treasurer
IDS Cable II Corporation Director, Vice President
and Treasurer
IDS Capital Holdings Inc. Vice President and
Treasurer
IDS Certificate Company Vice President and
Treasurer
IDS Deposit Corp. Director, President
and Treasurer
IDS Futures Corp. Director
IDS Futures III Corp. Director
IDS Insurance Agency of Alabama Inc. Vice President and
Treasurer
IDS Insurance Agency of Arkansas Inc. Vice President and
Treasurer
IDS Insurance Agency of Massachusetts Inc. Vice President and
Treasurer
IDS Insurance Agency of New Mexico Inc. Vice President and
Treasurer
IDS Insurance Agency of North Carolina Inc. Vice President and
Treasurer
IDS Insurance Agency of Ohio Inc. Vice President and
Treasurer
IDS Insurance Agency of Wyoming Inc. Vice President and
Treasurer
IDS International, Inc. Vice President and
Treasurer
IDS Life Insurance Company Vice President and
Treasurer <PAGE>
PAGE 7
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

IDS Life Series Fund, Inc. Vice President and
Treasurer
IDS Life Variable Annuity Funds A&B Vice President and
Treasurer
IDS Management Corporation Director, Vice President
and Treasurer
IDS Partnership Services Corporation Director, Vice President
and Treasurer
IDS Plan Services of California, Inc. Vice President and
Treasurer
IDS Property Casualty Insurance Co. Vice President and
Treasurer
IDS Real Estate Services, Inc Vice President and
Treasurer
IDS Realty Corporation Director, Vice President
and Treasurer
IDS Sales Support Inc. Director, Vice President
and Treasurer
IDS Securities Corporation Vice President and
Treasurer
Investors Syndicate Development Corp. Vice President and
Treasurer
National Computer Systems, Inc. 11000 Prairie Lakes Drive Director
Minneapolis, MN 55440

NCM Capital Management Group, Inc. 2 Mutual Plaza Director
501 Willard Street
Durham, NC 27701
Sloan Financial Group, Inc. Director

Suzanne Graf, Vice President--Systems Services

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Systems Services

David A. Hammer, Vice President and Marketing Controller

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Marketing Controller
IDS Plan Services of California, Inc. Director and Vice President

Lorraine R. Hart, Vice President--Insurance Investments

American Enterprise Life IDS Tower 10 Vice President-Investments
Insurance Company Minneapolis, MN 55440
American Express Financial Advisors Vice President-Insurance
Investments
American Partners Life Insurance Co. Director and Vice
President-Investments
AMEX Assurance Co. Vice President-Investments
IDS Certificate Company Vice President-Investments
IDS Life Insurance Company Vice President-Investments
IDS Life Series Fund, Inc. Vice President-Investments
IDS Life Variable Annuity Funds A and B Vice President-Investments
<PAGE>
PAGE 8
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

IDS Property Casualty Insurance Company Vice President-Investment
Officer
Investors Syndicate Development Corp. Director and Vice
President-Investments

Scott A. Hawkinson, Vice President--Assured Assets Product Development and Management

American Express Financial Advisors IDS Tower 10 Vice President-Assured
Minneapolis, MN 55440 Assets Product
Development & Management

James G. Hirsh, Vice President and Assistant General Counsel

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel
IDS Securities Corporation Director, Vice President
and General Counsel

Darryl G. Horsman, Vice President--Product Development and Technology, American Express
Institutional Retirement Services

American Express Trust Company IDS Tower 10 Director and President
Minneapolis, MN 55440

Kevin P. Howe, Vice President--Government and Customer Relations and Chief Compliance Officer

American Enterprise Investment IDS Tower 10 Vice President and Chief
Services Inc. Minneapolis, MN 55440 Compliance Officer
American Express Financial Advisors Vice President-
Government and
Customer Relations
American Express Service Corporation Vice President
IDS Securities Corporation Vice President and Chief
Compliance Officer

David R. Hubers, Director, President and Chief Executive Officer

American Express Financial Advisors IDS Tower 10 Chairman, Chief Executive
Minneapolis, MN 55440 Officer and President
American Express Service Corporation Director and President
AMEX Assurance Co. Director
IDS Aircraft Services Corporation Director
IDS Certificate Company Director
IDS Life Insurance Company Director
IDS Plan Services of California, Inc. Director and President
IDS Property Casualty Insurance Co. Director

Marietta L. Johns, Director and Senior Vice President--Field Management

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Field Management

James E. Kaarre, Vice President--Marketing Information

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Marketing Information<PAGE>
PAGE 9
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Linda B. Keene, Vice President--Market Development

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Market Development

G. Michael Kennedy, Vice President--Investment Services and Investment Research

American Express Financial Advisors IDS Tower 10 Vice President-Investment
Minneapolis, MN 55440 Services and Investment
Research

Susan D. Kinder, Director and Senior Vice President--Human Resources

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Human Resources
American Express Minnesota Foundation Director
American Express Service Corporation Vice President

Richard W. Kling, Director and Senior Vice President--Risk Management Products

American Centurion Life Assurance Co. Director
American Enterprise Life Insurance Co. IDS Tower 10 Director and Chairman of
Minneapolis, MN 55440 the Board
American Express Financial Advisors Senior Vice President-
Risk Management Products
American Express Insurance Agency of Nevada Inc. Director and President
American Partners Life Insurance Co. Director and Chairman of
the Board
AMEX Assurance Co. Director and Chairman of
the Board
IDS Insurance Agency of Alabama Inc. Director and President
IDS Insurance Agency of Arkansas Inc. Director and President
IDS Insurance Agency of Massachusetts Inc. Director and President
IDS Insurance Agency of New Mexico Inc. Director and President
IDS Insurance Agency of North Carolina Inc. Director and President
IDS Insurance Agency of Ohio Inc. Director and President
IDS Insurance Agency of Wyoming Inc. Director and President
IDS Life Insurance Company Director and President
IDS Life Series Fund, Inc. Director and President
IDS Life Variable Annuity Funds A and B Director and Chairman of
the Board and President
IDS Property Casualty Insurance Co. Director and Chairman of
the Board
IDS Life Insurance Company P.O. Box 5144 Director, Chairman of the
of New York Albany, NY 12205 Board and President

Paul F. Kolkman, Vice President--Actuarial Finance

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Actuarial Finance
IDS Life Insurance Company Director and Executive
Vice President
IDS Life Series Fund, Inc. Vice President and Chief
Actuary
<PAGE>
PAGE 10
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Claire Kolmodin, Vice President--Service Quality

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Service Quality

Steven C. Kumagai, Director and Senior Vice President--Field Management and Business Systems

American Express Financial Advisors IDS Tower 10 Director and Senior Vice
Minneapolis, MN 55440 President-Field
Management and Business
Systems
American Express Service Corporation Vice President

Edward Labenski, Jr.., Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Senior Portfolio
Manager
IDS Advisory Group Inc. Senior Vice President

Kurt A. Larson, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Senior Portfolio Manager

Lori J. Larson, Vice President--Variable Assets Product Development

American Express Financial Advisors IDS Tower 10 Vice President-Variable
Minneapolis, MN 55440 Assets Product
Development
IDS Cable Corporation Director and Vice President
IDS Cable II Corporation Director and Vice President
IDS Futures Brokerage Group Assistant Vice President-
General Manager/Director
IDS Futures Corporation Director and Vice President
IDS Futures III Corporation Director and Vice President
IDS Management Corporation Director and Vice President
IDS Partnership Services Corporation Director and Vice President
IDS Realty Corporation Director and Vice President

Ryan R. Larson, Vice President--IPG Product Development

American Centurion Life Assurance Co. Director and
Vice President-Product
Development
American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 IPG Product Development
IDS Life Insurance Company Vice President-
Annuity Product
Development

Daniel E. Laufenberg, Vice President and Chief U.S. Economist

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Chief U.S. Economist
<PAGE>
PAGE 11
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Richard J. Lazarchic, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-Senior
Minneapolis, MN 55440 Portfolio Manager

Peter A. Lefferts, Director and Senior Vice President--Corporate Strategy and Development

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Corporate Strategy and
Development
American Express Service Corporation Director
American Express Trust Company Director
IDS Plan Services of California, Inc. Director
Investors Syndicate Development Corp. Director

Douglas A. Lennick, Director and Executive Vice President--Private Client Group

American Express Financial Advisors IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President-Private
Client Group
American Express Service Corporation Vice President

Jonathan S. Linen, Director

Mary J. Malevich, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Senior Portfolio
Manager
IDS International, Inc. Vice President and
Portfolio Manager

Fred A. Mandell, Vice President--Field Marketing Readiness

American Express Financial Advisors IDS Tower 10 Vice President-Field
Minneapolis, MN 55440 Marketing Readiness

William J. McKinney, Vice President--Field Management Support

American Express Financial Advisors IDS Tower 10 Vice President-Field
Minneapolis, MN 55440 Management Support

Thomas W. Medcalf, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-Senior
Minneapolis, MN 55440 Portfolio Manager

William C. Melton, Vice President-International Research and Chief International Economist

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 International Research
and Chief International
Economist
<PAGE>
PAGE 12
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Janis E. Miller, Vice President--Variable Assets

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Variable Assets
IDS Cable Corporation Director and President
IDS Cable II Corporation Director and President
IDS Futures Corporation Director and President
IDS Futures III Corporation Director and President
IDS Life Insurance Company Director and Executive
Vice President-Variable
Assets
IDS Life Series Fund, Inc. Director
IDS Life Variable Annuity Funds A&B Director
IDS Management Corporation Director and President
IDS Partnership Services Corporation Director and President
IDS Realty Corporation Director and President
IDS Life Insurance Company of New York Box 5144 Executive Vice President
Albany, NY 12205

James A. Mitchell, Director and Executive Vice President--Marketing and Products

American Enterprise Investment IDS Tower 10 Director
Services Inc. Minneapolis, MN 55440
American Express Financial Advisors Executive Vice President-
Marketing and Products
American Express Tax and Business Director
Services Inc.
AMEX Assurance Co. Director
IDS Certificate Company Director and Chairman of
the Board
IDS Life Insurance Company Director, Chairman of
the Board and Chief
Executive Officer
IDS Plan Services of California, Inc. Director
IDS Property Casualty Insurance Co. Director

Pamela J. Moret, Vice President--Corporate Communications

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Corporate Communications
American Express Minnesota Foundation Director and President

Barry J. Murphy, Director and Senior Vice President--Client Service

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Client Service
IDS Life Insurance Company Director and Executive
Vice President-Client
Service

Mary Owens Neal, Vice President--Mature Market Segment

American Express Financial Advisors Inc. IDS Tower 10 Vice President-
Minneapolis, MN 55440 Mature Market Segment<PAGE>
PAGE 13
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Robert J. Neis, Vice President--Information Systems Operations

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Information Systems
Operations

James R. Palmer, Vice President--Insurance Operations

American Express Financial Advisors IDS Tower 10 Vice President-Taxes
Minneapolis, MN 55440
IDS Aircraft Services Corp. Vice President
IDS Life Insurance Company Vice President-Taxes

Carla P. Pavone, Vice President--Specialty Service Teams and Emerging Business

American Express Financial Advisors IDS Tower 10 Vice President-Specialty
Minneapolis, MN 55440 Service Teams and
Emerging Business

Susan B. Plimpton, Vice President--Segmentation Development and Support

American Express Financial Advisors IDS Tower 10 Vice President--
Minneapolis, MN 55440 Segmentation Development
and Support

Ronald W. Powell, Vice President and Assistant General Counsel

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel
IDS Cable Corporation Vice President and
Assistant Secretary
IDS Cable II Corporation Vice President and
Assistant Secretary
IDS Management Corporation Vice President and
Assistant Secretary
IDS Partnership Services Corporation Vice President and
Assistant Secretary
IDS Plan Services of California, Inc. Vice President and
Assistant Secretary
IDS Realty Corporation Vice President and
Assistant Secretary

James M. Punch, Vice President--Geographic Service Teams

American Express Financial Advisors IDS Tower 10 Vice President-Geographic
Minneapolis, MN 55440 Services Teams

Frederick C. Quirsfeld, Vice President--Taxable Mutual Fund Investments

American Express Financial Advisors IDS Tower 10 Vice President--
Minneapolis, MN 55440 Taxable Mutual Fund
Investments
IDS Advisory Group Inc. Vice President
<PAGE>
PAGE 14
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

ReBecca K. Roloff, Vice President--1994 Program Director

American Express Financial Advisors IDS Tower 10 Vice President-1994
Minneapolis, MN 55440 Program Director

Stephen W. Roszell, Vice President--Advisory Institutional Marketing

American Express Financial Advisors IDS Tower 10 Vice President-Advisory
Minneapolis, MN 55440 Institutional Marketing
IDS Advisory Group Inc. President and Chief
Executive Officer
IDS International, Inc. Director

Robert A. Rudell, Vice President--American Express Institutional Retirement Services

American Express Financial Advisors IDS Tower 10 Vice President-American
Minneapolis, MN 55440 Express Institutional
Services
American Express Trust Company Director and Chairman of
the Board
IDS Sales Support Inc. Director and President

John P. Ryan, Vice President and General Auditor

American Express Financial Advisors IDS Tower 10 Vice President and General
Minneapolis, MN 55440 Auditor

Erven A. Samsel, Director and Senior Vice President--Field Management

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Field Management
American Express Insurance Agency of Nevada Inc. Vice President-
New England Region
American Express Service Corporation Vice President
IDS Insurance Agency of Alabama Inc. Vice President-
New England Region
IDS Insurance Agency of Arkansas Inc. Vice President-
New England Region
IDS Insurance Agency of Massachusetts Inc. Vice President-
New England Region
IDS Insurance Agency of New Mexico Inc. Vice President-
New England Region
IDS Insurance Agency of North Carolina Inc. Vice President-
New England Region
IDS Insurance Agency of Ohio Inc. Vice President-
New England Region
IDS Insurance Agency of Wyoming Inc. Vice President-
New England Region
<PAGE>
PAGE 15
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Stuart A. Sedlacek, Vice President--Assured Assets

American Centurion Life Assurance Co. Director and Chairman
and President
American Enterprise Life Insurance Co. IDS Tower 10 Director and Executive
Minneapolis, MN 55440 Vice President, Assured
Assets
American Express Financial Advisors Vice President-
Assured Assets
American Partners Life Insurance Co. Director and President
IDS Certificate Company Director and President
IDS Life Insurance Company Director and Executive
Vice President, Assured
Assets
Investors Syndicate Development Corp. Director and Chairman of
the Board and President

Donald K. Shanks, Vice President--Property Casualty

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Property Casualty
IDS Property Casualty Insurance Co. Senior Vice President

F. Dale Simmons, Vice President--Senior Portfolio Manager, Insurance Investments

American Enterprise Life Insurance Co. IDS Tower 10 Vice President-Real
Minneapolis, MN 55440 Estate Loan Management
American Express Financial Advisors Vice President-Senior
Portfolio Manager,
Insurance Investments
American Partners Life Insurance Co. Vice President-Real
Estate Loan Management
AMEX Assurance Co. Vice President
IDS Certificate Company Vice President-Real
Estate Loan Management
IDS Life Insurance Company Vice President-Real
Estate Loan Management
IDS Partnership Services Corporation Vice President
IDS Real Estate Services Inc. Director and Vice President
IDS Realty Corporation Vice President
IDS Life Insurance Company of New York Box 5144 Vice President and
Albany, NY 12205 Assistant Treasurer

Judy P. Skoglund, Vice President--Human Resources and Organization Development

American Express Financial Advisors IDS Tower 10 Vice President-Human
Minneapolis, MN 55440 Resources and
Organization Development

Ben C. Smith, Vice President--Workplace Marketing

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Workplace Marketing
<PAGE>
PAGE 16
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

William A. Smith, Vice President and Controller--Private Client Group

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Controller-Private
Client Group

Bridget Sperl, Vice President--Human Resources Management Services

American Express Financial Advisors IDS Tower 10 Vice President-Human
Minneapolis, MN 55440 Resources Management
Services

William A. Stoltzmann, Vice President and Assistant General Counsel

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel
American Partners Life Insurance Co. Director, Vice President,
General Counsel and
Secretary
IDS Life Insurance Company Vice President, General
Counsel and Secretary
American Enterprise Life Insurance P.O. Box 534 Director, Vice President,
Company Minneapolis, MN 55440 General Counsel
and Secretary

James J. Strauss, Vice President--Corporate Planning and Analysis

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Corporate Planning and
Analysis

Jeffrey J. Stremcha, Vice President--Information Resource Management/ISD

American Express Financial Advisors IDS Tower 10 Vice President-Information
Minneapolis, MN 55440 Resource Management/ISD

Fenton R. Talbott, Director

PAGE 19
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

John R. Thomas, Director and Senior Vice President--Information and Technology

American Express Financial Advisors IDS Tower 10 Senior Vice President-
Minneapolis, MN 55440 Information and
Technology
<PAGE>
PAGE 17
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Melinda S. Urion, Director, Senior Vice President and Chief Financial Officer

American Enterprise Life IDS Tower 10 Vice President and
Insurance Company Minneapolis, MN 55440 Controller
American Express Financial Advisors Senior Vice President and
Chief Financial Officer
American Partners Life Insurance Co. Director, Vice President,
and Controller
IDS Life Insurance Company Director, Executive Vice
President and Controller
IDS Life Series Fund, Inc. Vice President and
Controller

Wesley W. Wadman, Vice President--Senior Portfolio Manager

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Senior Portfolio Manager
IDS Advisory Group Inc. Executive Vice President
IDS Fund Management Limited Director and Vice Chairman
IDS International, Inc. Senior Vice President

Norman Weaver Jr., Director and Senior Vice President--Field Management

American Express Financial Advisors IDS Tower 10 Senior Vice President--
Minneapolis, MN 55440 Field Management
American Express Insurance Agency of Nevada Inc. Vice President-Southeast
Region
American Express Service Corporation Vice President
IDS Insurance Agency of Alabama Inc. Vice President-Pacific
Region
IDS Insurance Agency of Arkansas Inc. Vice President-Pacific
Region
IDS Insurance Agency of Massachusetts Inc. Vice President-Pacific
Region
IDS Insurance Agency of New Mexico Inc. Vice President-Pacific
Region
IDS Insurance Agency of North Carolina Inc. Vice President-Pacific
Region
IDS Insurance Agency of Ohio Inc. Vice President-Pacific
Region
IDS Insurance Agency of Wyoming Inc. Vice President-Pacific
Region

James M. Weiss, Vice President and Senior Portfolio Manager

American Express Financial Advisors Inc. Vice President and Senior
Portfolio Manager
IDS Advisory Group Inc. Executive Vice President
<PAGE>
PAGE 18
Item 28. Business and Other Connections of Investment Adviser (American Express Financial
Corporation)(cont'd)

Michael L. Weiner, Vice President--Corporate Tax Operations

American Express Financial Advisors IDS Tower 10 Vice President-Corporate
Minneapolis, MN 55440 Tax Operations
IDS Capital Holdings Inc. Vice President
IDS Futures Brokerage Group Vice President
IDS Futures Corporation Vice President, Treasurer
and Secretary
IDS Futures III Corporation Vice President, Treasurer
and Secretary

Lawrence J. Welte, Vice President--Investment Administration

American Express Financial Advisors IDS Tower 10 Vice President-
Minneapolis, MN 55440 Investment Administration
IDS Securities Corporation Director, Executive Vice
President and Chief
Operating Officer

Jeffry F. Welter, Vice President--Equity and Fixed Income Trading

American Express Financial Advisors IDS Tower 10 Vice President-Equity
Minneapolis, MN 55440 and Fixed Income Trading

William N. Westhoff, Director, Senior Vice President and Global Chief Investment Officer

American Enterprise Life Insurance IDS Tower 10 Director
Company Minneapolis, MN 55440
American Express Financial Advisors Senior Vice President and
Global Chief Investment
Officer
IDS Fund Management Limited Director
IDS International, Inc. Director
IDS Partnership Services Corporation Director and Vice President
IDS Real Estate Services Inc. Director, Chairman of the
Board and President
IDS Realty Corporation Director and Vice President
Investors Syndicate Development Corp. Director

Edwin M. Wistrand, Vice President and Assistant General Counsel

American Express Financial Advisors IDS Tower 10 Vice President and
Minneapolis, MN 55440 Assistant General Counsel

Michael R. Woodward, Director and Senior Vice President--Field Management

IDS Insurance Agency of Massachusetts Inc. Vice President-
North Region
IDS Insurance Agency of New Mexico Inc. Vice President-
North Region

IDS Insurance Agency of North Carolina Inc. Vice President-
North Region
IDS Insurance Agency of Ohio Inc. Vice President-
North Region
IDS Insurance Agency of Wyoming Inc. Vice President-
North Region
IDS Life Insurance Company Box 5144 Director
of New York Albany, NY 12205
</TABLE>

Item 29. Principal Underwriters.

(a) American Express Financial Advisors acts as principal
underwriter for the following investment companies:

IDS Bond Fund, Inc.; IDS California Tax-Exempt Trust; IDS
Discovery Fund, Inc.; IDS Equity Select Fund, Inc.; IDS Extra
Income Fund, Inc.; IDS Federal Income Fund, Inc.; IDS Global
Series, Inc.; IDS Growth Fund, Inc.; IDS High Yield Tax-Exempt
Fund, Inc.; IDS International Fund, Inc.; IDS Investment
Series, Inc.; IDS Managed Retirement Fund, Inc.; IDS Market
Advantage Series, Inc.; IDS Money Market Series, Inc.; IDS New
Dimensions Fund, Inc.; IDS Precious Metals Fund, Inc.; IDS
Progressive Fund, Inc.; IDS Selective Fund, Inc.; IDS Special
Tax-Exempt Series Trust; IDS Stock Fund, Inc.; IDS Strategy
Fund, Inc.; IDS Tax-Exempt Bond Fund, Inc.; IDS Tax-Free Money
Fund, Inc.; IDS Utilities Income Fund, Inc. and IDS
Certificate Company.

(b) As to each director, officer or partner of the principal
underwriter:

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Ronald G. Abrahamson Vice President- None
IDS Tower 10 Service Quality and
Minneapolis, MN 55440 Reengineering

Douglas A. Alger Vice President-Total None
IDS Tower 10 Compensation
Minneapolis, MN 55440

Peter J. Anderson Senior Vice President- Vice
IDS Tower 10 Investments President--
Minneapolis, MN 55440 Investments
<PAGE>
PAGE 20
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Ward D. Armstrong Vice President- None
IDS Tower 10 Sales and Marketing,
Minneapolis, MN 55440 American Express
Institutional Services

Alvan D. Arthur Group Vice President- None
Suite 105 Central California/
2710 S. Gateway Oaks Dr. Western Nevada
Sacramento, CA 95833

Joseph M. Barsky III Vice President-Senior None
IDS Tower 10 Portfolio Manager
Minneapolis, MN 55440

Robert C. Basten Vice President-Tax None
IDS Tower 10 and Business Services
Minneapolis, MN 55440

Timothy V. Bechtold Vice President-Risk None
IDS Tower 10 Management Products
Minneapolis, MN 55440

John D. Begley Group Vice President- None
Suite 100 Ohio/Indiana
7760 Olentangy River Rd.
Columbus, OH 43235

Carl E. Beihl Vice President- None
IDS Tower 10 Strategic Technology
Minneapolis, MN 55440 Planning

Jack A. Benjamin Group Vice President- None
Suite 200 Greater Pennsylvania
3500 Market Street
Camp Hill, PA 17011

Alan F. Bignall Vice President- None
IDS Tower 10 Financial Planning
Minneapolis, MN 55440 Systems

Brent L. Bisson Group Vice President- None
Ste 900 E. Westside Twr Los Angeles Metro
11835 West Olympic Blvd.
Los Angeles, CA 90064

John C. Boeder Vice President- None
IDS Tower 10 Mature Market Group
Minneapolis, MN 55440
<PAGE>
PAGE 21
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Walter K. Booker Group Vice President-
Suite 200 New Jersey
3500 Market Street
Camp Hill, NJ 17011

Bruce J. Bordelon Group Vice President- None
Galleria One Suite 1900 Gulf States
Galleria Blvd.
Metairie, LA 70001

Charles R. Branch Group Vice President- None
Suite 200 Northwest
West 111 North River Dr
Spokane, WA 99201

Karl J. Breyer Senior Vice President- None
IDS Tower 10 Corporate Affairs and
Minneapolis, MN 55440 Special Counsel

Harold E. Burke Vice President None
IDS Tower 10 and Assistant
Minneapolis, MN 55440 General Counsel

Daniel J. Candura Vice President- None
IDS Tower 10 Marketing Support
Minneapolis, MN 55440

Cynthia M. Carlson Vice President- None
IDS Tower 10 American Express
Minneapolis, MN 55440 Securities Services

Orison Y. Chaffee III Vice President-Field None
IDS Tower 10 Real Estate
Minneapolis, MN 55440

James E. Choat Senior Vice President- None
IDS Tower 10 Field Management
Minneapolis, MN 55440

Kenneth J. Ciak Vice President and None
IDS Property Casualty General Manager-
1400 Lombardi Avenue IDS Property Casualty
Green Bay, WI 54304

Roger C. Corea Group Vice President- None
290 Woodcliff Drive Upstate New York
Fairport, NY 14450
<PAGE>
PAGE 22
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Henry J. Cormier Group Vice President- None
Commerce Center One Connecticut
333 East River Drive
East Hartford, CT 06108

John M. Crawford Group Vice President- None
Suite 200 Arkansas/Springfield/Memphis
10800 Financial Ctr Pkwy
Little Rock, AR 72211

Kevin F. Crowe Group Vice President- None
Suite 312 Carolinas/Eastern Georgia
7300 Carmel Executive Pk
Charlotte, NC 28226

Colleen Curran Vice President and None
IDS Tower 10 Assistant General Counsel
Minneapolis, MN 55440

Alan R. Dakay Vice President- None
IDS Tower 10 Institutional Products
Minneapolis, MN 55440 Group

Regenia David Vice President- None
IDS Tower 10 Systems Services
Minneapolis, MN 55440

Scott M. Digiammarino Group Vice President- None
Suite 500 Washington/Baltimore
8045 Leesburg Pike
Vienna, VA 22182

Bradford L. Drew Group Vice President- None
Two Datran Center Eastern Florida
Penthouse One B
9130 S. Dadeland Blvd.
Miami, FL 33156

William H. Dudley Director and Executive Director
IDS Tower 10 Vice President-
Minneapolis MN 55440 Investment Operations

Roger S. Edgar Senior Vice President None
IDS Tower 10 and Technology Advisor
Minneapolis, MN 55440

Gordon L. Eid Senior Vice President None
IDS Tower 10 and General Counsel
Minneapolis, MN 55440
<PAGE>
PAGE 23
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Robert M. Elconin Vice President- None
IDS Tower 10 Government Relations
Minneapolis, MN 55440

Mark A. Ernst Vice President- None
IDS Tower 10 Retail Services
Minneapolis, MN 55440

Joseph Evanovich Jr. Group Vice President- None
One Old Mill Nebraska/Iowa/Dakotas
101 South 108th Avenue
Omaha, NE 68154

Louise P. Evenson Group Vice President- None
Suite 200 San Francisco Bay Area
1333 N. California Blvd.
Walnut Creek, CA 94596

Gordon M. Fines Vice President- None
IDS Tower 10 Mutual Fund Equity
Minneapolis MN 55440 Investments

Douglas L. Forsberg Group Vice President- None
Suite 100 Portland/Eugene
7931 N. E. Halsey
Portland, OR 97213

William P. Fritz Group Vice President- None
Suite 160 Northern Missouri
12855 Flushing Meadows Dr
St. Louis, MO 63131

Carl W. Gans Group Vice President- None
8500 Tower Suite 1770 Twin City Metro
8500 Normandale Lake Blvd.
Bloomington, MN 55437

Robert G. Gilbert Vice President- None
IDS Tower 10 Real Estate
Minneapolis, MN 55440

John J. Golden Vice President- None
IDS Tower 10 Field Compensation
Minneapolis, MN 55440 Development

Morris Goodwin Jr. Vice President and None
IDS Tower 10 Corporate Treasurer
Minneapolis, MN 55440

<PAGE>
PAGE 24
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Suzanne Graf Vice President- None
IDS Tower 10 Systems Services
Minneapolis, MN 55440

Bruce M. Guarino Group Vice President- None
Suite 1736 Hawaii
1585 Kapiolani Blvd.
Honolulu, HI 96814

David A. Hammer Vice President None
IDS Tower 10 and Marketing
Minneapolis, MN 55440 Controller

Teresa A. Hanratty Group Vice President- None
Suites 6&7 Northern New England
169 South River Road
Bedford, NH 03110

John R. Hantz Group Vice President- None
Suite 107 Detroit Metro
17177 N. Laurel Park
Livonia, MI 48154

Robert L. Harden Group Vice President- None
Two Constitution Plaza Boston Metro
Boston, MA 02129

Lorraine R. Hart Vice President- None
IDS Tower 10 Insurance Investments
Minneapolis, MN 55440

Scott A. Hawkinson Vice President-Assured None
IDS Tower 10 Assets Product Development
Minneapolis, MN 55440 and Management

Brian M. Heath Group Vice President- None
Suite 150 North Texas
801 E. Campbell Road
Richardson, TX 75081

James G. Hirsh Vice President and None
IDS Tower 10 Assistant General
Minneapolis, MN 55440 Counsel

David J. Hockenberry Group Vice President- None
30 Burton Hills Blvd. Eastern Tennessee
Suite 175
Nashville, TN 37215
<PAGE>
PAGE 25
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Kevin P. Howe Vice President- None
IDS Tower 10 Government and
Minneapolis, MN 55440 Customer Relations and
Chief Compliance Officer

David R. Hubers Chairman, Chief Director
IDS Tower 10 Executive Officer and
Minneapolis, MN 55440 President

Marietta L. Johns Senior Vice President- None
IDS Tower 10 Field Management
Minneapolis, MN 55440

James E. Kaarre Vice President- None
IDS Tower 10 Marketing Information
Minneapolis, MN 55440

Linda B. Keene Vice President- None
IDS Tower 10 Market Development
Minneapolis, MN 55440

G. Michael Kennedy Vice President-Investment None
IDS Tower 10 Services and Investment
Minneapolis, MN 55440 Research

Susan D. Kinder Senior Vice President- None
IDS Tower 10 Human Resources
Minneapolis, MN 55440

Richard W. Kling Senior Vice President- None
IDS Tower 10 Risk Management Products
Minneapolis, MN 55440

Paul F. Kolkman Vice President- None
IDS Tower 10 Actuarial Finance
Minneapolis, MN 55440

Claire Kolmodin Vice President- None
IDS Tower 10 Service Quality
Minneapolis, MN 55440

David S. Kreager Group Vice President- None
Ste 108 Trestle Bridge V Greater Michigan
5136 Lovers Lane
Kalamazoo, MI 49002

Steven C. Kumagai Director and Senior None
IDS Tower 10 Vice President-Field
Minneapolis, MN 55440 Management and Business
Systems
<PAGE>
PAGE 26
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Mitre Kutanovski Group Vice President- None
Suite 680 Chicago Metro
8585 Broadway
Merrillville, IN 48410

Edward Labenski Jr. Vice President- None
IDS Tower 10 Senior Portfolio
Minneapolis, MN 55440 Manager

Kurt A. Larson Vice President- None
IDS Tower 10 Senior Portfolio
Minneapolis, MN 55440 Manager

Lori J. Larson Vice President- None
IDS Tower 10 Variable Assets Product
Minneapolis, MN 55440 Development

Ryan R. Larson Vice President- None
IDS Tower 10 IPG Product Development
Minneapolis, MN 55440

Daniel E. Laufenberg Vice President and None
IDS Tower 10 Chief U.S. Economist
Minneapolis, MN 55440

Richard J. Lazarchic Vice President- None
IDS Tower 10 Senior Portfolio
MInneapolis, MN 55440 Manager

Peter A. Lefferts Senior Vice President- None
IDS Tower 10 Corporate Strategy and
Minneapolis, MN 55440 Development

Douglas A. Lennick Director and Executive None
IDS Tower 10 Vice President-Private
Minneapolis, MN 55440 Client Group

Mary J. Malevich Vice President- None
IDS Tower 10 Senior Portfolio
Minneapolis, MN 55440 Manager

Fred A. Mandell Vice President- None
IDS Tower 10 Field Marketing Readiness
Minneapolis, MN 55440

Daniel E. Martin Group Vice President- None
Suite 650 Pittsburgh Metro
5700 Corporate Drive
Pittsburgh, PA 15237
<PAGE>
PAGE 27
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

William J. McKinney Vice President- None
IDS Tower 10 Field Management
Minneapolis, MN 55440 Support

Thomas W. Medcalf Vice President- None
IDS Tower 10 Senior Portfolio Manager
Minneapolis, MN 55440

William C. Melton Vice President- None
IDS Tower 10 International Research
Minneapolis, MN 55440 and Chief International
Economist

Janis E. Miller Vice President- None
IDS Tower 10 Variable Assets
Minneapolis, MN 55440

James A. Mitchell Executive Vice President- None
IDS Tower 10 Marketing and Products
Minneapolis, MN 55440

John P. Moraites Group Vice President- None
Union Plaza Suite 900 Kansas/Oklahoma
3030 Northwest Expressway
Oklahoma City, OK 73112

Pamela J. Moret Vice President- None
IDS Tower 10 Corporate Communications
Minneapolis, MN 55440

Alan D. Morgenstern Group Vice President-
Suite 200 At Large
3500 Market Street
Camp Hill, NJ 17011

Barry J. Murphy Senior Vice President- None
IDS Tower 10 Client Service
Minneapolis, MN 55440

Mary Owens Neal Vice President-
IDS Tower 10 Mature Market Segment
Minneapolis, MN 55440

Robert J. Neis Vice President- None
IDS Tower 10 Information Systems
Minneapolis, MN 55440 Operations

Ronald E. Newton Group Vice President- None
319 Southbridge St. Rhode Island/Central
Auburn, MA 01501 Massachusetts
<PAGE>
PAGE 28
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Thomas V. Nicolosi Group Vice President- None
Suite 220 New York Metro Area
500 Mamaroneck Avenue
Harrison, NY 10528

James R. Palmer Vice President- None
IDS Tower 10 Taxes
Minneapolis, MN 55440

Carla P. Pavone Vice President- None
IDS Tower 10 Specialty Service Teams
Minneapolis, MN 55440 and Emerging Business

Susan B. Plimpton Vice President- None
IDS Tower 10 Segmentation Development
Minneapolis, MN 55440 and Support

Larry M. Post Group Vice President- None
One Tower Bridge Philadelphia Metro
100 Front Street 8th Fl
West Conshohocken, PA 19428

Ronald W. Powell Vice President and None
IDS Tower 10 Assistant General
Minneapolis, MN 55440 Counsel

James M. Punch Vice President- None
IDS Tower 10 Geographical Service
Minneapolis, MN 55440 Teams

Frederick C. Quirsfeld Vice President-Taxable None
IDS Tower 10 Mutual Fund Investments
Minneapolis, MN 55440

R. Daniel Richardson Group Vice President- None
Suite 800 Southern Texas
Arboretum Plaza One
9442 Capital of Texas Hwy N.
Austin, TX 78759

Roger B. Rogos Group Vice President- None
One Sarasota Tower Western Florida
Suite 700
Two N. Tamiami Trail
Sarasota, FL 34236

ReBecca K. Roloff Vice President-1994 None
IDS Tower 10 Program Director
Minneapolis, MN 55440
<PAGE>
PAGE 29
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Stephen W. Roszell Vice President- None
IDS Tower 10 Advisory Institutional
Minneapolis, MN 55440 Marketing

Max G. Roth Group Vice President- None
Suite 201 S IDS Ctr Wisconsin/Upper Michigan
1400 Lombardi Avenue
Green Bay, WI 54304

Robert A. Rudell Vice President- None
IDS Tower 10 American Express
Minneapolis, MN 55440 Institutional Retirement
Services

John P. Ryan Vice President and None
IDS Tower 10 General Auditor
Minneapolis, MN 55440

Erven Samsel Director and Senior
45 Braintree Hill Park Vice President-
Suite 402 Field Management
Braintree, MA 02184

Russell L. Scalfano Group Vice President- None
Suite 201 Illinois/Indiana/Kentucky
101 Plaza East Blvd.
Evansville, IN 47715

William G. Scholz Group Vice President- None
Suite 205 Arizona/Las Vegas
7333 E Doubletree Ranch Rd
Scottsdale, AZ 85258

Stuart A. Sedlacek Vice President- None
IDS Tower 10 Assured Assets
Minneapolis, MN 55440

Donald K. Shanks Vice President- None
IDS Tower 10 Property Casualty
Minneapolis, MN 55440

F. Dale Simmons Vice President-Senior None
IDS Tower 10 Portfolio Manager,
Minneapolis, MN 55440 Insurance Investments

Judy P. Skoglund Vice President- None
IDS Tower 10 Human Resources and
Minneapolis, MN 55440 Organization Development
<PAGE>
PAGE 30
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Julian W. Sloter Group Vice Presidnet- None
Ste 1700 Orlando FinCtr Orlando/Jacksonville
800 North Magnolia Ave.
Orlando, FL 32803

Ben C. Smith Vice President- None
IDS Tower 10 Workplace Marketing
Minneapolis, MN 55440

William A. Smith Vice President and None
IDS Tower 10 Controller-Private
Minneapolis, MN 55440 Client Group

James B. Solberg Group Vice President- None
466 Westdale Mall Eastern Iowa Area
Cedar Rapids, IA 52404

Bridget Sperl Vice President- None
IDS Tower 10 Human Resources
Minneapolis, MN 55440 Management Services

Paul J. Stanislaw Group Vice President- None
Suite 1100 Southern California
Two Park Plaza
Irvine, CA 92714

Lois A. Stilwell Group Vice President- None
Suite 433 Outstate Minnesota Area/
9900 East Bren Road North Dakota/Western Wisconsin
Minnetonka, MN 55343

William A. Stoltzmann Vice President and None
IDS Tower 10 Assistant General
Minneapolis, MN 55440 Counsel

James J. Strauss Vice President- None
IDS Tower 10 Corporate Planning
Minneapolis, MN 55440 and Analysis

Jeffrey J. Stremcha Vice President-Information None
IDS Tower 10 Resource Management/ISD
Minneapolis, MN 55440

Neil G. Taylor Group Vice President- None
Suite 425 Seattle/Tacoma
101 Elliott Avenue West
Seattle, WA 98119
<PAGE>
PAGE 31
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

John R. Thomas Senior Vice President- Director
IDS Tower 10 Information and
Minneapolis, MN 55440 Technology

Melinda S. Urion Senior Vice President Treasurer
IDS Tower 10 and Chief Financial
Minneapolis, MN 55440 Officer

Peter S. Velardi Group Vice President- None
Suite 180 Atlanta/Birmingham
1200 Ashwood Parkway
Atlanta, GA 30338

Charles F. Wachendorfer Group Vice President- None
Suite 100 Denver/Salt Lake City/
Stanford Plaza II Albuquerque
7979 East Tufts Ave Pkwy
Denver, CO 80237

Wesley W. Wadman Vice President- None
IDS Tower 10 Senior Portfolio
Minneapolis, MN 55440 Manager

Norman Weaver Jr. Senior Vice President- None
1010 Main St Suite 2B Field Management
Huntington Beach, CA 92648

Michael L. Weiner Vice President- None
IDS Tower 10 Corporate Tax
Minneapolis, MN 55440 Operations

James M. Weiss Vice President-Senior
IDS Tower 10 Portfolio Manager
Minneapolis, MN 55440

Lawrence J. Welte Vice President- None
IDS Tower 10 Investment Administration
Minneapolis, MN 55440

Jeffry M. Welter Vice President- None
IDS Tower 10 Equity and Fixed Income
Minneapolis, MN 55440 Trading

William N. Westhoff Senior Vice President and None
IDS Tower 10 Global Chief Investment
Minneapolis, MN 55440 Officer

Thomas L. White Group Vice President- None
Suite 200 Cleveland Metro
28601 Chagrin Blvd.
Woodmere, OH 44122<PAGE>
PAGE 32
Item 29(b). As to each director, officer or partner of the
principal underwriter (American Express Financial Advisors):
(cont'd)

Positions and
Name and Principal Position and Offices Offices with
Business Address with Underwriter Registrant

Eric S. Williams Group Vice President- None
Suite 250 Virginia
3951 Westerre Parkway
Richmond, VA 23233

Edwin M. Wistrand Vice President and None
IDS Tower 10 Assistant General
Minneapolis, MN 55440 Counsel

Michael R. Woodward Senior Vice President- None
32 Ellicott St Ste 100 Field Management
Batavia, NY 14020

Item 29(c). Not applicable.

Item 30. Location of Accounts and Records

American Express Financial Corporation
IDS Tower 10
Minneapolis, MN 55440

Item 31. Management Services

Not Applicable.

Item 32. Undertakings

(a) Not Applicable.

(b) Not Applicable.

(c) The Registrant undertakes to furnish each person
to whom a prospectus is delivered with a copy of
the Registrant's latest annual report to
shareholders, upon request and without charge.

<PAGE>
PAGE 200
SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, IDS Global Series,
Inc., certifies that it meets the requirements for the
effectiveness of this Amendment to its Registration Statement
pursuant to Rule 485(b) under the Securities Act of 1993, and has
duly caused this Amendment to its Registration Statement to be
signed on its behalf by the undersigned, thereunto duly authorized,
in the City of Minneapolis and the State of Minnesota on the 20th
day of December, 1995.

IDS GLOBAL SERIES, INC.

By /s/ Melinda S. Urion**
Melinda S. Urion, Treasurer

By /s/ William R. Pearce**
William R. Pearce, President

Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by
the following persons in the capacities indicated on the 20th day
of December, 1995.

Signature Capacity

/s/ William R. Pearce** President,
William R. Pearce Principal Executive
Officer and Director

/s/ Lynne V. Cheney* Director
Lynne V. Cheney

/s/ William H. Dudley* Director
William H. Dudley

/s/ Robert F. Froehlke* Director
Robert F. Froehlke

/s/ David R. Hubers* Director
David R. Hubers

/s/ Heinz F. Hutter* Director
Heinz F. Hutter

/s/ Anne P. Jones* Director
Anne P. Jones

/s/ Donald M. Kendall* Director
Donald M. Kendall

/s/ Melvin R. Laird* Director
Melvin R. Laird<PAGE>
PAGE 201
Signature Capacity

/s/ Lewis W. Lehr* Director
Lewis W. Lehr

/s/ Edson W. Spencer* Director
Edson W. Spencer

/s/ John R. Thomas* Director
John R. Thomas

/s/ Wheelock Whitney* Director
Wheelock Whitney

/s/ C. Angus Wurtele* Director
C. Angus Wurtele

*Signed pursuant to Directors' Power of Attorney dated November 10,
1994, filed electronically as Exhibit 18(a) to Registrant's Post-
Effective Amendment No. 20, by:

Leslie L. Ogg

**Signed pursuant to Officers' Power of Attorney, dated November 1,
1995 filed electronically herewith by:

Leslie L. Ogg
<PAGE>
PAGE 202
CONTENTS OF THIS POST-EFFECTIVE AMENDMENT NO. 24 TO
REGISTRATION STATEMENT NO. 33-25824

This Post-Effective Amendment contains the following papers and
documents:

The facing sheet.

Cross reference sheet.

Part A.

IDS Global Bond Fund prospectus.
IDS Global Growth Fund prospectus.

Part B.

Statement of Additional Information for IDS Global Bond
Fund.
Statement of Additional Information for IDS Global Growth
Fund.

Financial Statements.

Part C.

Other information.

Exhibits.

The signatures.

<PAGE>
PAGE 1

EXHIBIT INDEX

B(11) Independent Auditor's Consent

B(17) Financial Data Schedules

B(19)(b) Officer's Power of Attorney, dated November 1, 1995.

<PAGE>
PAGE 1

INDEPENDENT AUDITORS' CONSENT
________________________________________________________

The Board of directors and shareholders
IDS Global Series, Inc.:

The audits referred to in our report dated December 1, 1995
included the related supplementary financial statement data in
Schedule III on pages 2-3 of Part C of this Registration Statement.
The supplementary financial statement data is the responsibility of
Fund Management. Our responsibility is to express an opinion on
this supplementary financial statement data based on our audit. In
our opinion, such supplementary financial statement data, when
considered with the basic financial statements taken as a whole,
presents fairly, in all material respects, the information set
forth therein.

We consent to the use of our report incorporated herein by
reference and to the references to our Firm under the headings
"Financial Highlights" in Part A and "INDEPENDENT AUDITORS" in Part
B of the Registration Statement.

KPMG Peat Marwick LLP

Minneapolis, Minnesota
December 21, 1995
<PAGE>
PAGE 2
<TABLE>
<CAPTION>
SCHEDULE III

IDS GLOBAL GROWTH FUND
INVESTMENTS IN AFFILIATES
(AS DEFINED IN SECTION 2 (a) OF THE INVESTMENT COMPANY ACT OF 1940)
YEAR ENDED OCTOBER 31, 1995

COLUMN A COLUMN B COLUMN C COLUMN D COLUMN E
__________________________________________________________________________________________________________________

Amount of equity in
Name of issuer and Number of shares held net profit and loss Amount of Value at
title of issuer at close of year for the year dividend income Oct. 31, 1995
__________________________________________________________________________________________________________________
<S> <C> <C> <C> <C>
Common stocks:

GNI Group 450,000 N/A (a) $3,150,000

Note:
(a) Non-income producing.
/TABLE
<PAGE>
PAGE 3
<TABLE>
<CAPTION>
SCHEDULE III (CONT'D)

IDS GLOBAL GROWTH FUND
CHANGES IN INVESTMENTS IN AFFILIATES
FOR THE FISCAL YEAR ENDED OCTOBER 31, 1995

Gross Gross
Shares held purchases sales Shares held Market value Amount of
Name of issuer at beginning and and at close at dividend
and title of issuer of year additions reductions of year Oct. 31, 1995 income
_______________________________________________________________________________________________________________
<S> <C> <C> <C> <C> <C> <C>
Common stock:

GNI Group 400,000 22,500 -- 450,000 $3,150,000 (a)
_______ ______ _______ _______ __________ _______

400,000 22,500 -- 450,000 $3,150,000 --
======= ====== ======= ======= ========== =======

Note:
(a) Non-income producing.
</TABLE>

<PAGE>
PAGE 1
[ARTICLE] 6
(SERIES>
[NUMBER] 3
[NAME] IDS GLOBAL BOND FUND CLASS A
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 554970434
[INVESTMENTS-AT-VALUE] 568967717
[RECEIVABLES] 22378584
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 591346301
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3882252
[TOTAL-LIABILITIES] 3882252
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 575383142
[SHARES-COMMON-STOCK] 89717714
[SHARES-COMMON-PRIOR] 80942386
[ACCUMULATED-NII-CURRENT] 2104995
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3715086)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13690998
[NET-ASSETS] 587464049
[DIVIDEND-INCOME] 147287
[INTEREST-INCOME] 36727429
[OTHER-INCOME] 0
[EXPENSES-NET] (6283327)
[NET-INVESTMENT-INCOME] 30591389
[REALIZED-GAINS-CURRENT] 1677365
[APPREC-INCREASE-CURRENT] 31801594
[NET-CHANGE-FROM-OPS] 64070348
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (27776167)
[DISTRIBUTIONS-OF-GAINS] (1590719)
[DISTRIBUTIONS-OTHER] (5002866)
[NUMBER-OF-SHARES-SOLD] 28365320
[NUMBER-OF-SHARES-REDEEMED] (24752357)
[SHARES-REINVESTED] 5162365
[NET-CHANGE-IN-ASSETS] 121195097
[ACCUMULATED-NII-PRIOR] 22065406
[ACCUMULATED-GAINS-PRIOR] (2477889)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3930646
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6283327
[AVERAGE-NET-ASSETS] 487190117
[PER-SHARE-NAV-BEGIN] 5.76
[PER-SHARE-NII] .69
[PER-SHARE-GAIN-APPREC] .07
[PER-SHARE-DIVIDEND] (.33)
[PER-SHARE-DISTRIBUTIONS] (.02)
[RETURNS-OF-CAPITAL] (.06)
[PER-SHARE-NAV-END] 6.11
[EXPENSE-RATIO] 1.25
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<PAGE>
PAGE 2
[ARTICLE] 6
(SERIES>
[NUMBER] 4
[NAME] IDS GLOBAL BOND FUND CLASS B
[PERIOD-TYPE] OTHER
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 554970434
[INVESTMENTS-AT-VALUE] 568967717
[RECEIVABLES] 22378584
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 591346301
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3882252
[TOTAL-LIABILITIES] 3882252
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 575383142
[SHARES-COMMON-STOCK] 6058371
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 2104995
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3715086)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13690998
[NET-ASSETS] 587464049
[DIVIDEND-INCOME] 147287
[INTEREST-INCOME] 36727429
[OTHER-INCOME] 0
[EXPENSES-NET] (6283327)
[NET-INVESTMENT-INCOME] 30591389
[REALIZED-GAINS-CURRENT] 1677365
[APPREC-INCREASE-CURRENT] 31801594
[NET-CHANGE-FROM-OPS] 64070348
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (645777)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (116313)
[NUMBER-OF-SHARES-SOLD] 6075865
[NUMBER-OF-SHARES-REDEEMED] (94515)
[SHARES-REINVESTED] 77021
[NET-CHANGE-IN-ASSETS] 121195097
[ACCUMULATED-NII-PRIOR] 22065406
[ACCUMULATED-GAINS-PRIOR] (2477889)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3930646
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6283327
[AVERAGE-NET-ASSETS] 15162564
[PER-SHARE-NAV-BEGIN] 5.74
[PER-SHARE-NII] .27
[PER-SHARE-GAIN-APPREC] .38
[PER-SHARE-DIVIDEND] (.28)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 6.11
[EXPENSE-RATIO] 2.07
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<PAGE>
PAGE 3
[ARTICLE] 6
(SERIES>
[NUMBER] 5
[NAME] IDS GLOBAL BOND FUND CLASS Y
[PERIOD-TYPE] OTHER
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 554970434
[INVESTMENTS-AT-VALUE] 568967717
[RECEIVABLES] 22378584
[ASSETS-OTHER] 0
[OTHER-ITEMS-ASSETS] 0
[TOTAL-ASSETS] 591346301
[PAYABLE-FOR-SECURITIES] 0
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 3882252
[TOTAL-LIABILITIES] 3882252
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 575383142
[SHARES-COMMON-STOCK] 338876
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 2104995
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] (3715086)
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 13690998
[NET-ASSETS] 587464049
[DIVIDEND-INCOME] 147287
[INTEREST-INCOME] 36727429
[OTHER-INCOME] 0
[EXPENSES-NET] (6283327)
[NET-INVESTMENT-INCOME] 30591389
[REALIZED-GAINS-CURRENT] 1677365
[APPREC-INCREASE-CURRENT] 31801594
[NET-CHANGE-FROM-OPS] 64070348
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (60375)
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] (10874)
[NUMBER-OF-SHARES-SOLD] 328333
[NUMBER-OF-SHARES-REDEEMED] (4)
[SHARES-REINVESTED] 10547
[NET-CHANGE-IN-ASSETS] 121195097
[ACCUMULATED-NII-PRIOR] 22065406
[ACCUMULATED-GAINS-PRIOR] (2477889)
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 3930646
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 6283327
[AVERAGE-NET-ASSETS] 1603559
[PER-SHARE-NAV-BEGIN] 5.74
[PER-SHARE-NII] .41
[PER-SHARE-GAIN-APPREC] .27
[PER-SHARE-DIVIDEND] (.25)
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] (.06)
[PER-SHARE-NAV-END] 6.11
[EXPENSE-RATIO] 1.10
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<PAGE>
PAGE 4
[ARTICLE] 6
[SERIES]
[NUMBER] 6
[NAME] IDS GLOBAL GROWTH FUND CLASS A
[PERIOD-TYPE] YEAR
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 693936492
[INVESTMENTS-AT-VALUE] 699491698
[RECEIVABLES] 20332668
[ASSETS-OTHER] 6089504
[OTHER-ITEMS-ASSETS] 9582361
[TOTAL-ASSETS] 735496231
[PAYABLE-FOR-SECURITIES] 10994212
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 20738483
[TOTAL-LIABILITIES] 31732695
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 680992830
[SHARES-COMMON-STOCK] 103455734
[SHARES-COMMON-PRIOR] 96297457
[ACCUMULATED-NII-CURRENT] 17412089
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4067152
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1291465
[NET-ASSETS] 703763536
[DIVIDEND-INCOME] 10512509
[INTEREST-INCOME] 9736833
[OTHER-INCOME] 0
[EXPENSES-NET] (9403561)
[NET-INVESTMENT-INCOME] 10845781
[REALIZED-GAINS-CURRENT] 2037383
[APPREC-INCREASE-CURRENT] (59607264)
[NET-CHANGE-FROM-OPS] (45724100)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] (4548940)
[DISTRIBUTIONS-OF-GAINS] (5265856)
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 54746186
[NUMBER-OF-SHARES-REDEEMED] (49171839)
[SHARES-REINVESTED] 1583930
[NET-CHANGE-IN-ASSETS] 33784505
[ACCUMULATED-NII-PRIOR] 4023830
[ACCUMULATED-GAINS-PRIOR] 5188698
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5454220
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9403561
[AVERAGE-NET-ASSETS] 657684596
[PER-SHARE-NAV-BEGIN] 6.96
[PER-SHARE-NII] .10
[PER-SHARE-GAIN-APPREC] (.59)
[PER-SHARE-DIVIDEND] (.05)
[PER-SHARE-DISTRIBUTIONS] (.05)
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 6.37
[EXPENSE-RATIO] 1.39
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<PAGE>
PAGE 5
[ARTICLE] 6
[SERIES]
[NUMBER] 7
[NAME] IDS GLOBAL GROWTH FUND CLASS B
[PERIOD-TYPE] OTHER
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 693936492
[INVESTMENTS-AT-VALUE] 699491698
[RECEIVABLES] 20332668
[ASSETS-OTHER] 6089504
[OTHER-ITEMS-ASSETS] 9582361
[TOTAL-ASSETS] 735496231
[PAYABLE-FOR-SECURITIES] 10994212
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 20738483
[TOTAL-LIABILITIES] 31732695
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 680992830
[SHARES-COMMON-STOCK] 3341575
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 17412089
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4067152
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1291465
[NET-ASSETS] 703763536
[DIVIDEND-INCOME] 10512509
[INTEREST-INCOME] 9736833
[OTHER-INCOME] 0
[EXPENSES-NET] (9403561)
[NET-INVESTMENT-INCOME] 10845781
[REALIZED-GAINS-CURRENT] 2037383
[APPREC-INCREASE-CURRENT] (59607264)
[NET-CHANGE-FROM-OPS] (45724100)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 3426130
[NUMBER-OF-SHARES-REDEEMED] (84555)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 33784505
[ACCUMULATED-NII-PRIOR] 4023830
[ACCUMULATED-GAINS-PRIOR] 5188698
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5454220
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9403561
[AVERAGE-NET-ASSETS] 9891695
[PER-SHARE-NAV-BEGIN] 5.82
[PER-SHARE-NII] .02
[PER-SHARE-GAIN-APPREC] (.50)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 6.34
[EXPENSE-RATIO] 2.16
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
<PAGE>
PAGE 6
[ARTICLE] 6
[SERIES]
[NUMBER] 8
[NAME] IDS GLOBAL GROWTH FUND CLASS Y
[PERIOD-TYPE] OTHER
[FISCAL-YEAR-END] OCT-31-1995
[PERIOD-END] OCT-31-1995
[INVESTMENTS-AT-COST] 693936492
[INVESTMENTS-AT-VALUE] 699491698
[RECEIVABLES] 20332668
[ASSETS-OTHER] 6089504
[OTHER-ITEMS-ASSETS] 9582361
[TOTAL-ASSETS] 735496231
[PAYABLE-FOR-SECURITIES] 10994212
[SENIOR-LONG-TERM-DEBT] 0
[OTHER-ITEMS-LIABILITIES] 20738483
[TOTAL-LIABILITIES] 31732695
[SENIOR-EQUITY] 0
[PAID-IN-CAPITAL-COMMON] 680992830
[SHARES-COMMON-STOCK] 3684897
[SHARES-COMMON-PRIOR] 0
[ACCUMULATED-NII-CURRENT] 17412089
[OVERDISTRIBUTION-NII] 0
[ACCUMULATED-NET-GAINS] 4067152
[OVERDISTRIBUTION-GAINS] 0
[ACCUM-APPREC-OR-DEPREC] 1291465
[NET-ASSETS] 703763536
[DIVIDEND-INCOME] 10512509
[INTEREST-INCOME] 9736833
[OTHER-INCOME] 0
[EXPENSES-NET] (9403561)
[NET-INVESTMENT-INCOME] 10845781
[REALIZED-GAINS-CURRENT] 2037383
[APPREC-INCREASE-CURRENT] (59607264)
[NET-CHANGE-FROM-OPS] (45724100)
[EQUALIZATION] 0
[DISTRIBUTIONS-OF-INCOME] 0
[DISTRIBUTIONS-OF-GAINS] 0
[DISTRIBUTIONS-OTHER] 0
[NUMBER-OF-SHARES-SOLD] 4666904
[NUMBER-OF-SHARES-REDEEMED] (982007)
[SHARES-REINVESTED] 0
[NET-CHANGE-IN-ASSETS] 33784505
[ACCUMULATED-NII-PRIOR] 4023830
[ACCUMULATED-GAINS-PRIOR] 5188698
[OVERDISTRIB-NII-PRIOR] 0
[OVERDIST-NET-GAINS-PRIOR] 0
[GROSS-ADVISORY-FEES] 5454220
[INTEREST-EXPENSE] 0
[GROSS-EXPENSE] 9403561
[AVERAGE-NET-ASSETS] 22658191
[PER-SHARE-NAV-BEGIN] 5.82
[PER-SHARE-NII] .06
[PER-SHARE-GAIN-APPREC] (.50)
[PER-SHARE-DIVIDEND] 0
[PER-SHARE-DISTRIBUTIONS] 0
[RETURNS-OF-CAPITAL] 0
[PER-SHARE-NAV-END] 6.38
[EXPENSE-RATIO] 1.20
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0

<PAGE>
PAGE 1

OFFICERS POWER OF ATTORNEY

City of Minneapolis

State of Minnesota

Each of the undersigned, as officers of the below listed
open-end, diversified investment companies that previously have
filed registration statements and amendments thereto pursuant to
the requirements of the Securities Act of 1933 and the Investment
Company Act of 1940 with the Securities and Exchange Commission:

1933 Act 1940 Act
Reg. Number Reg. Number
IDS Bond Fund, Inc. 2-51586 811-2503
IDS California Tax-Exempt Trust 33-5103 811-4646
IDS Discovery Fund, Inc. 2-72174 811-3178
IDS Equity Select Fund, Inc. 2-13188 811-772
IDS Extra Income Fund, Inc. 2-86637 811-3848
IDS Federal Income Fund, Inc. 2-96512 811-4260
IDS Global Series, Inc. 33-25824 811-5696
IDS Growth Fund, Inc. 2-38355 811-2111
IDS High Yield Tax-Exempt Fund, Inc. 2-63552 811-2901
IDS International Fund, Inc. 2-92309 811-4075
IDS Investment Series, Inc. 2-11328 811-54
IDS Life Investment Series, Inc. 2-73115 811-3218
IDS Life Managed Fund, Inc. 2-96367 811-4252
IDS Life Moneyshare Fund, Inc. 2-72584 811-3190
IDS Life Special Income Fund, Inc. 2-73113 811-3219
IDS Managed Retirement Fund, Inc. 2-93801 811-4133
IDS Market Advantage Series, Inc. 33-30770 811-5897
IDS Money Market Series, Inc. 2-54516 811-2591
IDS New Dimensions Fund, Inc. 2-28529 811-1629
IDS Precious Metals Fund, Inc. 2-93745 811-4132
IDS Progressive Fund, Inc. 2-30059 811-1714
IDS Selective Fund, Inc. 2-10700 811-499
IDS Special Tax-Exempt Series Trust 33-5102 811-4647
IDS Stock Fund, Inc. 2-11358 811-498
IDS Strategy Fund, Inc. 2-89288 811-3956
IDS Tax-Exempt Bond Fund, Inc. 2-57328 811-2686
IDS Tax-Free Money Fund, Inc. 2-66868 811-3003
IDS Utilities Income Fund, Inc. 33-20872 811-5522

hereby constitutes and appoints William R. Pearce and Leslie L. Ogg
or either one of them, as her or his attorney-in-fact and agent, to
sign for her or him in her or his name, place and stead, as an
officer, any and all further amendments to said registration
statements filed pursuant to said Acts and any rules and
regulations thereunder, and to file such amendments with all
exhibits thereto and other documents in connection therewith with <PAGE>
PAGE 2
the Securities and Exchange Commission, granting to either of them
the full power and authority to do and perform each and every act
required and necessary to be done in connection therewith.

Dated the 1st day of November, 1995.

/s/ William R. Pearce
William R. Pearce

/s/ Melinda S. Urion
Melinda S. Urion