<PAGE>
PAGE 1
PROSPECTUS SUPPLEMENT June 27, 1997*
IDS Global Balanced Fund (Oct. 31, 1996) S-6352A (10/96)
The following is added at page 7 under Performance and is intended to update the
financial information in the prospectus:
Financial highlights
The tables below show 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 income .30 .29 .30
Net gains (both (.34) (.35) (.34)
realized and unrealized)
Total from investment operations (.04) (.06) (.04)
Less distributions:
Dividends from net investment income (.03) (.02) (.03)
Net asset value, end of period 4.93 4.92 4.93
Ratios/supplemental data
Class A Class B Class Y
1997(b) 1997(b) 1997(b)
Net assets, end of $14 $9 --
period (in millions)
Ratio of expenses to 1.50%(c,f) 2.26%(c,f) 1.17%(c,f)
average daily net assets(d)
Ratio of net income to 2.22%(c) 1.47%(c) 2.44%(c)
average daily net assets
Portfolio turnover rate (excluding 20% 20% 20%
short-term securities)
Total return(e) (0.7%) (1.1%) (0.7%)
Average brokerage commission rate(g) $.0310 $.0310 $.0310
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 Expense ratio is based on total expenses of the Fund before reduction of
earnings credits on cash balances.
e Total return does not reflect payment of a sales charge.
f 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 4.43%, 5.20% and 4.36% for Class A,
B, and Y, respectively.
g 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.
S-6352-1 A (6/97)
*Valid until next prospectus update
Destroy Dec. 30, 1997
<PAGE>
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 Global Balanced 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 Global Balanced Fund
May 31, 1997
Assets (Unaudited)
Investments in securities, at value
(identified cost $26,341,579) $27,368,709
Cash in bank on demand deposit 568,888
Dividends and accrued interest receivable 195,282
Receivable for investment securities sold 382,698
Unrealized appreciation on foreign currency contracts
held, at value 681
Organizational cost 43
----------
Total assets 28,516,301
----------
Liabilities
Payable for investment securities purchased 608,857
Unrealized depreciation on foreign currency contracts
held, at value 2,159
Accrued investment management services fee 599
Accrued distribution fee 215
Accrued service fee 133
Accrued transfer agency fee 134
Accrued administrative services fee 45
Other accrued expenses 112,348
----------
Total liabilities 724,490
----------
Net assets applicable to outstanding capital stock $27,791,811
===========
Represented by
Capital stock-- $.01 par value $53,954
Additional paid-in capital 26,722,180
Undistributed net investment income 64,036
Accumulated net realized loss (75,279)
Unrealized appreciation of investments and on
translation of assets and liabilties in foreign currencies 1,026,920
----------
Total -- representing net assets applicable to outstanding
capital stock $27,791,811
===========
Net assets applicable to outstanding shares:Class A $17,303,920
Class B $10,486,853
Class Y $1,038
Net asset value per share of outstanding capital stock:
Class A shares 3,356,350 $ 5.16
Class B shares 2,038,870 $ 5.14
Class Y shares 201 $ 5.16
<PAGE>
PAGE 3
Statement of operations
IDS Global Balanced Fund
For the one month ended May 31, 1997
Investment income
(Unaudited)
Income:
Dividends (net of foreign taxes withheld of $4,026) $35,305
Interest 51,596
----------
Total income 86,901
----------
Expenses:
Investment management services fee 16,401
Distribution fee -- Class B 5,845
Transfer agency fee 5,042
Incremental transfer agency fee-- Class B 133
Service fee
Class A 2,269
Class B 1,364
Administrative services fees and expenses 2,622
Compensation of board members 10
Registration fees 23,538
Other 67
----------
Total expenses 57,291
Less expenses voluntarily reimbursed by AEFC (20,019)
----------
37,272
Earnings credits on cash balances (50)
----------
Total net expenses 37,222
----------
Investment income -- net 49,679
----------
Realized and unrealized gain -- net
Net realized gain on security and foreign
currency transactions (including loss of $14,002 from
foreign currency transactions) 7,189
Net change in unrealized appreciation or depreciation of
investments and on translation of assets and liabilities
in foreign currencies 1,004,064
----------
Net gain on investments and foreign currencies 1,011,253
----------
Net increase in net assets resulting from operations $1,060,932
==========
<PAGE>
PAGE 4
Financial statements Statement of changes in net assets IDS Global Balanced Fund
For the one month ended May 31, 1997
Operations and distributions
(Unaudited)
Investment income -- net $ 49,679
Net realized gain on investments and foreign currencies 7,189
Net change in unrealized appreciation or depreciation of
investments and on translation of assets and liabilities
in foreign currencies 1,004,064
----------
Net increase in net assets resulting from operations 1,060,932
----------
Capital share transactions
Proceeds from sales
Class A shares 2,505,203
Class B shares 1,672,258
Payments for redemptions
Class A shares (340,101)
Class B shares (92,300)
----------
Increase in net assets from capital share transactions 3,745,060
----------
Total increase in net assets 4,805,992
Net assets at beginning of period 22,985,819
----------
Net assets at end of period
(including undistributed net investment
income of $64,036) 27,791,811
==========
*Valid until next prospectus update