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PAGE 1
PROSPECTUS SUPPLEMENT June 27, 1997*
IDS Innovations Fund (Oct. 31, 1996)
The following is added at page 6 under Performance and is intended to update the
financial information in the prospectus:
Financial highlights
The table below shows certain important financial information for evaluating the
Fund's results.
Period ended April 30,
Per share income and capital changes(a)
Class A Class B Class Y
1997(b) 1997(b) 1997(b)
Net asset value, $5.00 $5.00 $5.00
beginning of period
Income from investment operations:
Net investment loss (.02) (.04) (.02)
Net losses (both realized (1.10) (1.10) (1.10)
and unrealized)
Total from investment operations (1.12) (1.14) (1.12)
Net asset value, $3.88 $3.86 $3.88
end of period
Ratios/supplemental data:
Class A Class B Class Y
1997(b) 1997(b) 1997(b)
Net assets, end of period $2,559 $77 $78
(in thousands)
Ratio of expenses to 1.35%(c) 2.10%(c) 1.35%(c)
average daily net assets(e)
Ratio of net loss (1.20%)(c) (1.94%)(c) (1.22)%(c)
to average daily net assets
Total return(d) (22.5)% (22.7)% (22.5)%
Portfolio turnover rate 75% 75% 75%
(excluding short-term securities
for the underlying Portfolio)
Average brokerage commission $.0430 $.0430 $.0430
rate for the underlying Portfolio(f)
a For a share outstanding throughout the period. Rounded to the nearest cent.
b Period from Nov. 13, 1996 (inception date) to April 30, 1997 (Unaudited).
c Adjusted to an annual basis.
d Total return does not reflect payment of a sales charge.
e During the period from Nov. 13, 1996 to April 30, 1997, AEFC reimbursed the
Fund for certain expenses. Had AEFC not done so, the annual ratios of expenses
would have been 2.65%, 3.40%, and 2.65% for Classes A, B and Y, respectively.
f The Fund is required to disclose an average brokerage commission rate per
share for security trades on which commissions are charged. The comparability
of this information may be affected by the fact that commission rates per
share vary significantly among foreign countries.
*Valid until next prospectus update
Destroy Dec. 30, 1997
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PAGE 2
PART C SUPPLEMENT June 27, 1997*
IDS Global Series, Inc. Post-Effective Amendment No. 26
(File No. 33-25824)
The following is added to item 24(a) of Part C:
IDS Global Series, Inc. - IDS Innovations Fund
Statement of assets and liabilities, May 31, 1997
Statement of operations, for the one month ended May 31, 1997
Statement of changes in net assets, for the one month ended May 31, 1997:
Financial statements
Statement of assets and liabilities
IDS Innovations Fund
May 31, 1997
Assets (Unaudited)
Investment in World Technologies Portfolio $3,273,093
Other receivables 55
Organizational cost 42
----------
Total assets 3,273,190
----------
Liabilities
Other accrued expenses 17,022
----------
Total liabilities 17,022
----------
Net assets applicable to outstanding capital stock $3,256,168
==========
Represented by
Capital stock -- $.01 par value $7,000
Additional paid-in capital 3,493,000
Net operating loss (20,699)
Accumulated net realized loss (652,177)
Unrealized appreciation of investments and on translation
of assets and liabilities in foreign currencies 429,044
----------
Total -- representing net assets applicable to outstanding
capital stock $3,256,168
==========
Net assets applicable to outstanding shares: Class A $3,070,453
Class B $ 92,668
Class Y $ 93,047
Net asset value per share of outstanding capital stock
Class A shares 660,000 $ 4.65
Class B shares 20,000 $ 4.63
Class Y shares 20,000 $ 4.65
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PAGE 3
Financial statements
Statement of operations
IDS Innovations Fund
For the one month ended May 31, 1997
Investment income
(Unaudited)
Income:
Dividends $ --
---------
Total income --
---------
Expenses:
Expenses, including investment management services fee,
allocated from World Technologies Portfolio 1,875
Distribution fee-- Class B 53
Transfer agency fee 3
Administrative services fees and expenses 148
Postage 25
Registration fees 2,487
Reports to shareholders 25
Audit fees 79
---------
Total expenses 4,695
Less expenses voluntarily reimbursed by AEFC (1,997)
---------
Total net expenses 2,698
---------
Investment loss -- net (2,698)
---------
Realized and unrealized gain (loss) -- net
Net realized loss on security and foreign currency transactions (40,391)
Net change in unrealized appreciation or depreciation of investments
and on translation of assets and liabilities in foreign currencies 585,857
---------
Net loss on investments and foreign currencies 545,466
---------
Net decrease in net assets resulting from operations $542,768
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Financial statements
Statement of changes in net assets
IDS Innovations Fund
For the one month ended May 31, 1997
Operations (Unaudited)
Investment loss -- net $ (2,698)
Net realized loss on investments and foreign
currencies (40,391)
Net change in unrealized appreciation or depreciation of investments
and on translation of assets and liabilities in foreign currencies 585,857
----------
Net increase in net assets resulting from operations 542,768
Net assets at beginning of period 2,713,400
----------
Net assets at end of period $3,256,168
==========
*Valid until next prospectus update
