WORLD TRUST
POS AMI, 1998-12-28
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                    SECURITIES AND EXCHANGE COMMISSION

                          Washington, D.C. 20549

                                 Form N-1A

                    REGISTRATION STATEMENT UNDER

                    THE INVESTMENT COMPANY ACT OF 1940
                              AMENDMENT NO. 6

                             File No. 811-7399

                                WORLD TRUST
            (Exact Name of Registrant as Specified in Charter)


                 IDS Tower 10, Minneapolis, MN 55440-0010
            (Address of Principal Executive Offices) (Zip Code)

              Registrant's Telephone Number, including Area Code: 612-671-2772
                            Eileen J. Newhouse
                 IDS Tower 10, Minneapolis, MN 55440-0010
                  (Name and Address of Agent for Service)



<PAGE>

Information  about Emerging Markets  Portfolio,  World Growth  Portfolio,  World
Income Portfolio and World  Technologies  Portfolio is incorporated by reference
to  Strategist   World  Fund,   Inc.   Registration   Statement  No.   33-63951,
Post-Effective   Amendment   No. 7,   (the  Feeder  Fund   Filing),   filed
electronically  on or  about  December 28, 1998.  As  used  in  this  document  
"the Portfolio" refers to each portfolio in the Trust.

                                     PART A

Items 1-3:

Responses         to Items 1 through 3 have been omitted pursuant to Paragraph
                  2(b) of Section B of the General
Instructions to Form N-1A.

Item 4:

Please refer to Part A and B of the Feeder Fund Filing.

Item 5:

Response to this item has been omitted pursuant to Form N-1A General
Instructions, Section B, Paragraph 2(b).

Item 6:

Please refer to Part A of the Feeder Fund Filing.

Item 7:

Net asset value (NAV) is the total value of the Portfolio's investments and
other assets less any liabilities. Each unit has a value of $1.00. The Portfolio
is deemed to have outstanding the number of units equal to its NAV and each
unitholder is deemed to hold the number of units equal to its proportionate
investment in the Portfolio. NAV 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).

Redemptions are processed on any date on which the Portfolio is open for
business and are effected at the Portfolio's net asset value next determined
after the Portfolio receives a redemption request in good form.

Payment for redeemed units will be made promptly, but in no event later than
seven days after receipt of the redemption request in good form. However, the
right of redemption may be suspended or the date of payment postponed in
accordance with the rules under the 1940 Act. The Portfolio reserves the right
upon 30-days' written notice to redeem, at net asset value, the units of any
unitholder whose account has a value of less than $1,000,000 as a result of
voluntary redemptions. Redemptions are taxable events, and the amount received
upon redemption may be more or less than the amount paid for the units depending
upon the fluctuations in the market value of the assets owned by the Portfolio.

The Portfolio's units are not registered under the 1933 Act and may not be sold
publicly. Instead, units are offered pursuant to exemptions from the 1933 Act in
private transactions.

Units are offered only to other investment companies and certain institutional
investors. All units are sold without a sales charge. All investments in the
Portfolio are credited to the unitholder's account in the form of full and
fractional units of the Portfolio (rounded to the nearest 1/1000 of a unit). The
Portfolio does not issue stock certificates.


<PAGE>



The minimum initial investment is $5,000,000 with no minimum on subsequent
investments.

The Portfolio is identified as a partnership for tax purposes and is not subject
to any federal income tax. However, each unitholder in the Portfolio is taxable
on its share (as determined in accordance with the governing instruments of the
Trust) of the Portfolio's ordinary income and capital gain pursuant to the rules
governing the unitholders. The determination of each unitholder's share will be
made in accordance with the Internal Revenue Code of 1986, as amended (the
Code), regulations promulgated thereunder and the Declaration of Trust.

It is intended that the Portfolio's assets, income and distributions will be
managed to satisfy the requirements of Subchapter M of the Code assuming that a
unitholder invests all its assets in the Portfolio.

There are tax issues that are relevant to unitholders who purchase units with
assets rather than cash. Such purchases will not be taxable provided certain
requirements are met. Unitholders are advised to consult their own tax advisors
about the tax consequences of investing in the Portfolio.

Please also refer to the response given to Item 8 and Item 18.

Item 8:

Not applicable.

Item 9:

Response to this item has been omitted pursuant to Form N-1A General
Instructions Section B, paragraph 2(b).



<PAGE>


                                     PART B

Item 10:

Units in the Portfolio are issued solely in private placement transactions that
do not involve any public offering within the meaning of Section 4(2) of the
Securities Act of 1933, as amended (the 1933 Act). Investments in the Portfolio
may be made only by investment companies, common or commingled trust funds or
similar organizations or entities that are accredited investors within the
meaning of Regulation D under the 1933 Act. This Registration Statement does not
constitute an offer to sell, or the solicitation of an offer to buy, any
security within the meaning of the 1933 Act.

Item 11:

World Trust (the Trust) is an open-end management investment company organized
as a Massachusetts business trust on Oct. 2, 1995. The Trust consists of four
series: Emerging Markets Portfolio, World Growth Portfolio, World Income
Portfolio and World Technologies Portfolio.

Item 12:

Please refer to Part B of the Feeder Fund Filing and the response given to Item
11.

Item 13:

The Trust has a board of trustees (the board) that has primary responsibility
for the overall management of the Trust. It elects officers and retains service
providers to carry out day-to-day operations.

Please refer to Part B of the Feeder Fund Filing.

Item 14:

As of 30 days prior to the date of this filing, the following entities held more
than 5% of the outstanding units of the Portfolios:
<TABLE>
<CAPTION>
- ------------------------------------- ----------------------------------- -----------------------------------
Portfolio                             Unitholder                          Percentage of ownership
<S>                                   <C>                                 <C>
- ------------------------------------- ----------------------------------- -----------------------------------
- ------------------------------------- ----------------------------------- -----------------------------------
Emerging Markets                      IDS Emerging Markets Fund                         99.85%
- ------------------------------------- ----------------------------------- -----------------------------------
- ------------------------------------- ----------------------------------- -----------------------------------
World Growth                          IDS Global Growth Fund                            99.94%
- ------------------------------------- ----------------------------------- -----------------------------------
- ------------------------------------- ----------------------------------- -----------------------------------
World Income                          IDS Global Bond Fund                              99.93%
- ------------------------------------- ----------------------------------- -----------------------------------
- ------------------------------------- ----------------------------------- -----------------------------------
World Technologies                    IDS Innovations Fund                              87.49%
- ------------------------------------- ----------------------------------- -----------------------------------
</TABLE>
Item 15:

Please refer to Part B of the Feeder Fund Filing.

Transfer Agency and Administrative Services Agreement

The Trust, on behalf of the Portfolio, has a Transfer Agency and Administrative
Services Agreement with American Express Client Service Corporation. This
Agreement governs the responsibility for administering and/or performing
transfer agent functions, for acting as service agent in connection with
dividend and distribution functions and for performing unitholder account
administration agent functions in connection with the issuance, exchange and
redemption or repurchase of the Portfolio's units. The fee is determined by
multiplying the number of unitholder accounts at the end of the day by a rate of
$1 per year and dividing by the number of days in that year.


<PAGE>



Placement Agency Agreement

American Express Financial Advisors Inc. (the Placement Agent), a wholly-owned 
subsidiary of the Advisor, serves as the Placement Agent for the Trust. The 
Placement Agent is located at IDS Tower 10, Minneapolis, MN 55440-0010.

Custodian

American Express Trust Company (Custodian) serves as custodian for the Trust.
The Custodian is located at 1200 Northstar Center West, 625 Marquette Ave.,
Minneapolis, MN 55402-2307. The custodian is permitted to deposit some or all of
its securities in central depository systems as allowed by federal law. For its
services, the Fund pays the custodian a maintenance charge and a charge per
transaction in addition to reimbursing the custodian's out-of-pocket expenses.

Item 16:

Please refer to Part B of the Feeder Fund Filing.

Item 17:

The Declaration of Trust dated Oct. 2, 1995, authorizes the issuance of units of
beneficial interest in the Trust without par value. Each unit of a Portfolio has
one vote and shares equally in dividends and distributions, when and if declared
by the board, and in each Portfolio's net assets upon liquidation. All units,
when issued, are fully paid and non-assessable. There are no preemptive,
conversion or exchange rights.

The board may classify or reclassify any unissued units of the Trust into units
of any series by setting or changing in any one or more respect, from time to
time, prior to the issuance of such units, the preferences, conversion or other
rights, voting powers, restrictions, limitations as to dividends, or
qualifications, of such units. Any such classification or reclassification will
comply with the provisions of the 1940 Act.

The overall management of the business of the Portfolio is vested with the board
members. The board members approve all significant agreements between the
Portfolio and persons or companies furnishing services to the Portfolio. The
day-to-day operations of the Portfolio are delegated to the officers of the
Trust subject to the investment objective and policies of the Portfolio, the
general supervision of the board members and the applicable laws of the
Commonwealth of Massachusetts.

Generally, there will not be annual meetings of unitholders. Unitholders may
remove board members from office by votes cast at a meeting of unitholders or by
written consent.

Under Massachusetts law, unitholders could, under certain circumstances, be held
liable for the obligations of the Trust. However, the Declaration of Trust
disclaims unitholder liability for acts or obligations of the Trust and requires
that notice of such disclaimer be given in each agreement, obligation or
instrument entered into or executed by the Trust. The Declaration of Trust
provides for indemnification out of the Trust property for all loss and expense
of any unitholder of the Trust held liable on account of being or having been a
unitholder. Thus, the risk of a unitholder incurring financial loss on account
of unitholder liability is limited to circumstances in which the Trust would be
unable to meet its obligations wherein the complaining party was held not to be
bound by the disclaimer.


<PAGE>



The Declaration of Trust further provides that the board members will not be
liable for errors of judgment or mistakes of fact or law. However, nothing in
the Declaration of Trust protects a board member against any liability to which
the board member would otherwise be subject by reason of willful misfeasance,
bad faith, gross negligence, or reckless disregard of the duties involving the
conduct of his or her office. The Declaration of Trust provides for
indemnification by the Trust of the board members and officers of the Trust
except with respect to any matter as to which any such person did not act in
good faith in the reasonable belief that his or her action was in or not opposed
to the best interests of the Trust. Such person may not be indemnified against
any liability to the Trust or the Trust unitholders to which he or she would
otherwise be subjected by reason of willful misfeasance, bad faith, gross
negligence or reckless disregard of the duties involved in the conduct of his or
her office. The Declaration of Trust also authorizes the purchase of liability
insurance on behalf of board members and officers.

Item 18:

The information in response to this item is provided in addition to information
provided in Item 7 in Part A.

Redeeming Units

Unitholders have a right to redeem units at any time.

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

`The New York Stock Exchange closes for reasons other than the usual weekend and
holiday closings or trading on the Exchange is restricted, or

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

`The SEC, under the provisions of the 1940 Act, as amended, declares a period of
emergency to exist.

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

Redemptions by the portfolio

The Portfolio reserves the right to redeem, involuntarily, the units of any
unitholder whose account has a value of less than a minimum amount but only
where the value of such account has been reduced by voluntary redemption of
units. Until further notice, it is the policy of the Portfolio not to exercise
this right with respect to any unitholder whose account has a value of
$1,000,000 or more. In any event, before the Portfolio redeems such units and
sends the proceeds to the unitholder, it will notify the unitholder that the
value of the units in the account is less than the minimum amount and allow the
unitholder 30 days to make an additional investment in an amount which will
increase the value of the accounts to at least $1,000,000.


<PAGE>



Redemptions in kind

The Trust has elected to be governed by Rule 18f-1 under the 1940 Act, which
obligates the Portfolio to redeem units in cash, with respect to any one
unitholder during any 90-day period, up to the lesser of $250,000 or 1% of the
net assets of the Portfolio at the beginning of such period. Although
redemptions in excess of this limitation would normally be paid in cash, the
Portfolio reserves the right to make payments in whole or in part in securities
or other assets in case of an emergency, or if the payment of such redemption in
cash would be detrimental to the existing unitholders of the Trust as determined
by the board. In such circumstances, the securities distributed would be valued
as set forth in Item 7 of Part A. Should the Portfolio distribute securities, a
unitholder may incur brokerage fees or other transaction costs in converting the
securities to cash.

Despite its right to redeem units through a redemption-in-kind, the Portfolio
does not expect to exercise this option unless that Portfolio has an unusually
low level of cash to meet redemptions and/or is experiencing unusually strong
demands for cash.

Valuing portfolio interests

The number of units held by each unitholder is equal to the value in dollars of
that unitholder's interest in the Portfolio. The dollar value of a unitholder's
interest in the Portfolio is determined by multiplying the unitholder's
proportionate interest by the NAV of that Portfolio.

In determining net assets before unitholder transactions, the securities held by
the Portfolio are valued as follows as of the close of business of the New York
Stock Exchange (the Exchange):

`Securities 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 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
Portfolio'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 board.


<PAGE>



`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 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 Portfolio. 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.

Item 19:

The information in response to this item is provided in Item 7 of Part A.

Item 20:

The information in response to this item is provided in Item 15 of Part B.

Item 21:

Not applicable.

Item 22:

Please refer to the financial statements of Emerging Markets Portfolio, World
Growth Portfolio, World Income Portfolio and World Technologies Portfolio in
Part B of the Feeder Fund Filing.


<PAGE>

PART C.       OTHER INFORMATION

Item 23. Exhibits

(a)      Declaration of Trust,  dated Oct. 2, 1995 filed  electronically  on or
         about Nov. 1, 1995 as Exhibit 1 to Registrant's  initial  Registration
         Statement No. 811-7399, is incorporated by reference.

(b)      By-laws, filed electronically on or about April 18, 1996 as Exhibit 2 
         to Registrant's Amendment No. 2, is incorporated by reference.

(c)      Instruments Defining Rights of Security Holders:  Not Applicable.

(d)(1)   Investment Management Services Agreement between World Trust, on behalf
         of World Growth Portfolio and World Income Portfolio, and American
         Express Financial Corporation, dated May 13, 1996, filed electronically
         as Exhibit 5(a) to Registrant's Amendment No. 4, is incorporated by
         reference.

(d)(2)   Investment  Management  Services  Agreement  between World Trust, on
         behalf of Emerging Markets Portfolio and World Technologies Portfolio,
         and American Express Financial  Corporation dated Nov. 13, 1996, filed
         electronically  as Exhibit 5(b) to  Registrant's  Amendment  No. 4, is
         incorporated by reference.

(d)(3)   Investment  Advisory  Agreement  between American Express  Financial
         Corporation and American Express Asset Management  International dated
         April 9, 1998 is filed electronically herewith.

(e)      Underwriting Contracts:  omitted pursuant to Form N-1A instructions.

(f)      Bonus or Profit Sharing Contracts:  Not Applicable.

(g)(1)   Custodian Agreement between World Trust on behalf of World Growth
         Portfolio and World Income Portfolio and American Express Trust Company
         dated May 13, 1996, filed electronically as Exhibit 8(a) to
         Registrant's Amendment No. 4, is incorporated by reference.

(g)(2 )  Custodian  Agreement  between  World  Trust,  on behalf of Emerging
         Markets  Portfolio  and World  Technologies  Portfolio,  and  American
         Express  Trust Company dated Nov. 13, 1996,  filed  electronically  as
         Exhibit  8(b) to  Registrant's  Amendment  No. 4, is  incorporated  by
         reference.

(g)(3)   Custodian Agreement Amendment between Growth and Income Trust and
         American Express Trust Company, dated October 9, 1997, filed
         electronically on or about November 26, 1997 as Exhibit 8(c) to Growth
         and Income Trust's Amendment No. 4 to Registration Statement No.
         811-7393 is incorporated by reference. Registrant's Custodian Agreement
         Amendments differ from the one incorporated by reference only by the
         fact that Registrant is one executing party.

(g)(4)   Custody Agreement between Morgan Stanley Trust Company and IDS Bank and
         Trust dated May 1993, filed electronically as Exhibit 8(c) to
         Registrant's Amendment No. 4, is incorporated by reference.

(h)(1)   Transfer Agency and Administrative  Services Agreement between World
         Trust,  on  behalf  of  Emerging  Markets   Portfolio,   World  Growth
         Portfolio, World Income Portfolio and World Technologies Portfolio and
         American  Express Client Service  Corporation  dated.  Jan. 1, 1998 is
         filed electronically herewith.

(h)(2)   Placement Agent Agreement between World Trust, on behalf of World
         Growth Portfolio and World Income Portfolio, and American Express
         Financial Corporation dated May 13, 1996, filed electronically as
         Exhibit 9(c) to Registrant's Amendment No. 4, is incorporated by
         reference.

(h)(3)   Placement Agent Agreement between World Trust, on behalf of Emerging
         Markets  Portfolio  and World  Technologies  Portfolio,  and  American
         Express   Financial   Advisors,   Inc.  dated  Nov.  13,  1996,  filed
         electronically  as Exhibit 9(d) to  Registrant's  Amendment  No. 4, is
         incorporated by reference.



<PAGE>


(h)(4)   Conversion  agreement  between IDS Global Series,  Inc. on behalf of
         IDS  Global  Bond  Fund and World  Trust  dated  May 13,  1996,  filed
         electronically  as Exhibit 9(e) to  Registrant's  Amendment  No. 4, is
         incorporated by reference.

(h)(5)   Conversion  agreement  between IDS Global Series,  Inc. on behalf of
         IDS Global  Growth  Fund and World  Trust  dated May 13,  1996,  filed
         electronically  as Exhibit 9(f) to  Registrant's  Amendment  No. 4, is
         incorporated by reference.

(i)      Legal Opinion:  omitted pursuant to Form N-1A instructions.

(j)      Other opinions:  omitted pursuant to Form N-1A instructions.

(k)      Omitted Financial Statements:  omitted pursuant to Form N-1A 
         instructions.

(l)      Subscription Agreement between World Trust and Strategist World Fund, 
         Inc. dated April 16, 1996, filed electronically as Exhibit 13 to 
         Registrant's Amendment No. 4, is incorporated by reference.

(m)      Rule 12b-1 Plan:  Not Applicable.

(n)      Financial Data Schedules are filed electronically herewith.

(o)      Rule 18f-3 Plan:  Not Applicable.

(p)(1)   Trustees' Power of Attorney to sign Amendments to this Registration
         Statement, dated January 7, 1998, is filed electronically herewith.

(p)(2)   Officers' Power of Attorney, to sign Amendments to this Registration
         Statement, dated April 11, 1996, filed electronically on or about April
         18, 1996, to Registrant's Amendment No. 2, is incorporated by
         reference.

(p)(3)   Officer Power of Attorney, to sign Amendments to this Registration
         Statement, dated November 24, 1998, is filed electronically herewith.

Item 24. Persons Controlled by or Under Common Control with Registrant

                  None.

Item 25. Indemnification

The Declaration of Trust of the registrant provides that the Trust shall
indemnify any person who was or is a party or is threatened to be made a party,
by reason of the fact that he is or was a trustee, officer, employee or agent of
the Trust, or is or was serving at the request of the Trust as a trustee,
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 Trust may purchase liability insurance and
advance legal expenses, all to the fullest extent permitted by the laws of the
State of Massachusetts, as now existing or hereafter amended.

Any indemnification hereunder shall not be exclusive of any other rights of
indemnification to which the trustees, officers, employees or agents might
otherwise be entitled. No indemnification shall be made in violation or the
Investment Company Act of 1940.




<PAGE>

American Express Financial Corporation is the investment advisor of the
Portfolios of the Trust.

<PAGE>

<TABLE>
<CAPTION>

Item 26.          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:

- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Name and Title                  Other company(s)             Address                      Title within other
                                                                                          company(s)
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
<S>                             <C>                          <C>                          <C>
Ronald G. Abrahamson,           American Express Client      IDS Tower 10                 Director and Vice President
Vice President                  Service Corporation          Minneapolis, MN 55440

                                American Express Financial                                Vice President
                                Advisors Inc.

                                Public Employee Payment                                   Director and Vice President
                                Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Douglas A. Alger,               American Express Financial   IDS Tower 10                 Senior Vice President
Senior Vice President           Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Peter J. Anderson,              Advisory Capital             IDS Tower 10                 Director
Director and Senior Vice        Strategies Group Inc.        Minneapolis, MN 55440
President

                                American Express Asset                                    Director and Chairman of
                                Management Group Inc.                                     the Board

                                American Express Asset                                    Director, Chairman of the
                                Management International,                                 Board and Executive Vice
                                Inc.                                                      President

                                American Express Financial                                Senior Vice President
                                Advisors Inc.

                                IDS Capital Holdings Inc.                                 Director and President

                                IDS Futures Corporation                                   Director

                                NCM Capital Management       2 Mutual Plaza               Director
                                Group, Inc.                  501 Willard Street
                                                             Durham, NC  27701
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Ward D. Armstrong,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                American Express Service                                  Vice President
                                Corporation

                                American Express Trust                                    Director and Chairman of
                                Company                                                   the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

John M. Baker,                  American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                American Express Trust                                    Senior Vice President
                                Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Gurudutt Baliga,                American Express Asset       IDS Tower 10                 Senior Vice President and
Vice President                  Management Group Inc.        Minneapolis, MN 55440        Chief Investment Officer

                                American Express Financial                                Vice President
                                Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Joseph M. Barsky III,           American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Timothy V. Bechtold,            American Centurion Life      IDS Tower 10                 Director
Vice President                  Assurance Company            Minneapolis, MN 55440

                                American Express Financial                                Vice President
                                Advisors Inc.

                                IDS Life Insurance Company                                Executive Vice President

                                IDS Life Insurance Company   P.O. Box 5144                Director and President
                                of New York                  Albany, NY 12205
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

John C. Boeder,                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Life Insurance Company   P.O. Box 5144                Director
                                of New York                  Albany, NY 12205
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Douglas W. Brewers,             American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Karl J. Breyer,                 American Express Financial   IDS Tower 10                 Corporate Senior Vice
Director, Corporate Senior      Advisors Inc.                Minneapolis, MN 55440        President
Vice President

                                American Express Minnesota                                Director
                                Foundation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Cynthia M. Carlson,             American Enterprise          IDS Tower 10                 Director, President and
Vice President                  Investment Services Inc.     Minneapolis, MN 55440        Chief Executive Officer

                                American Express Financial                                Vice President
                                Advisors Inc.

                                American Express Service                                  Vice President
                                Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Mark W. Carter,                 American Express Financial   IDS Tower 10                 Senior Vice President and
Senior Vice President and       Advisors Inc.                Minneapolis, MN 55440        Chief Marketing Officer
Chief Marketing Officer

                                IDS Life Insurance Company                                Executive Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James E. Choat,                 American Enterprise Life     IDS Tower 10                 Director, President and
Director and Senior Vice        Insurance Company            Minneapolis, MN 55440        Chief Executive Officer
President

                                American Express Financial                                Senior Vice President
                                Advisors Inc.

                                American Express Insurance                                Vice President
                                Agency of Idaho Inc.

                                American Express Insurance                                Vice President
                                Agency of Nevada Inc.

                                American Express Insurance                                Vice President
                                Agency of Oregon Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                IDS Insurance Agency of                                   Vice President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Vice President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Vice President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Vice President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Vice President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Vice President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Vice President
                                Wyoming Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Kenneth J. Ciak,                AMEX Assurance Company       IDS Tower 10                 Director and President
Vice President and General                                   Minneapolis, MN 55440
Manager

                                American Express Financial                                Vice President and General
                                Advisors Inc.                                             Manager

                                IDS Property Casualty        1 WEG Blvd.                  Director and President
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Paul A. Connolly,               American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Colleen Curran,                 American Express Financial   IDS Tower 10                 Vice President and
Vice President and Assistant    Advisors Inc.                Minneapolis, MN 55440        Assistant General Counsel
General Counsel

                                American Express Service                                  Vice President and Chief
                                Corporation                                               Legal Counsel
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Luz Maria Davis                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Douglas K. Dunning,             American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Gordon L. Eid,                  American Express Financial   IDS Tower 10                 Senior Vice President,
Director, Senior Vice           Advisors Inc.                Minneapolis, MN 55440        General Counsel and Chief
President, General Counsel                                                                Compliance Officer
and Chief Compliance Officer

                                American Express Insurance                                Director and Vice President
                                Agency of Arizona Inc.

                                American Express Insurance                                Director and Vice President
                                Agency of Idaho Inc.

                                American Express Insurance                                Director and Vice President
                                Agency of Nevada Inc.

                                American Express Insurance                                Director and Vice President
                                Agency of Oregon Inc.

                                American Express Property                                 Director and Vice President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Director and Vice President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Director and Vice President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Director and Vice President
                                Wyoming Inc.

                                IDS Real Estate Services,                                 Vice President
                                Inc.

                                Investors Syndicate                                       Director
                                Development Corp.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Robert M. Elconin,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Life Insurance Company                                Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Gordon M. Fines,                American Express Asset       IDS Tower 10                 Senior Vice President and
Vice President                  Management Group Inc.        Minneapolis, MN 55440        Chief Investment Officer

                                American Express Financial                                Vice President
                                Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Douglas L. Forsberg,            American Centurion Life      IDS Tower 10                 Director
Vice President                  Assurance Company            Minneapolis, MN 55440

                                American Express Financial                                Vice President
                                Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Jeffrey P. Fox,                 American Enterprise Life     IDS Tower 10                 Vice President and
Vice President and Corporate    Insurance Company            Minneapolis, MN 55440        Controller
Controller

                                American Express Financial                                Vice President and
                                Advisors Inc.                                             Corporate Controller
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Harvey Golub,                   American Express Company     American Express Tower       Chairman and Chief
Director                                                     World Financial Center       Executive Officer
                                                             New York, NY  10285

                                American Express Travel                                   Chairman and Chief
                                Related Services Company,                                 Executive Officer
                                Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

David A. Hammer,                American Express Financial   IDS Tower 10                 Vice President and
Vice President and Marketing    Advisors Inc.                Minneapolis, MN 55440        Marketing Controller
Controller

                                IDS Plan Services of                                      Director and Vice President
                                California, Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Lorraine R. Hart,               AMEX Assurance Company       IDS Tower 10                 Vice President
Vice President                                               Minneapolis, MN 55440

                                American Enterprise Life                                  Vice President
                                Insurance Company

                                American Express Financial                                Vice President
                                Advisors Inc.

                                American Partners Life                                    Director and Vice
                                Insurance Company                                         President

                                IDS Certificate Company                                   Vice President

                                IDS Life Insurance Company                                Vice President

                                IDS Life Series Fund, Inc.                                Vice President

                                IDS Life Variable Annuity                                 Vice President
                                Funds A and B

                                Investors Syndicate                                       Director and Vice
                                Development Corp.                                         President

                                IDS Life Insurance Company   P.O. Box 5144                Investment Officer
                                of New York                  Albany, NY 12205

                                IDS Property Casualty        1 WEG Blvd.                  Vice President
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Scott A. Hawkinson,             American Express Financial   IDS Tower 10                 Vice President and
Vice President and Controller   Advisors Inc.                Minneapolis, MN 55440        Controller
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Janis K. Heaney,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James G. Hirsh,                 American Express Financial   IDS Tower 10                 Vice President and
Vice President and Assistant    Advisors Inc.                Minneapolis, MN 55440        Assistant General Counsel
General Counsel
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Darryl G. Horsman,              American Express Trust       IDS Tower 10                 Director and President
Vice President                  Company                      Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Jeffrey S. Horton,              AMEX Assurance Company       IDS Tower 10                 Vice President, Treasurer
Vice President and Corporate                                 Minneapolis, MN 55440        and Assistant Secretary
Treasurer

                                American Centurion Life                                   Vice President and
                                Assurance Company                                         Treasurer

                                American Enterprise                                       Vice President and
                                Investment Services Inc.                                  Treasurer

                                American Enterprise Life                                  Vice President and
                                Insurance Company                                         Treasurer

                                American Express Asset                                    Vice President and
                                Management Group Inc.                                     Treasurer

                                American Express Asset                                    Vice President and
                                Management International                                  Treasurer
                                Inc.

                                American Express Client                                   Vice President and
                                Service Corporation                                       Treasurer

                                American Express                                          Vice President and
                                Corporation                                               Treasurer

                                American Express Financial                                Vice President and
                                Advisors Inc.                                             Treasurer

                                American Express Insurance                                Vice President and
                                Agency of Arizona Inc.                                    Treasurer

                                American Express Insurance                                Vice President and
                                Agency of Idaho Inc.                                      Treasurer

                                American Express Insurance                                Vice President and
                                Agency of Nevada Inc.                                     Treasurer

                                American Express Insurance                                Vice President and
                                Agency of Oregon Inc.                                     Treasurer

                                American Express Minnesota                                Vice President and
                                Foundation                                                Treasurer

                                American Express Property                                 Vice President and
                                Casualty Insurance Agency                                 Treasurer
                                of Kentucky Inc.

                                American Express Property                                 Vice President and
                                Casualty Insurance Agency                                 Treasurer
                                of Maryland Inc.

                                American Express Property                                 Vice President and
                                Casualty Insurance Agency                                 Treasurer
                                of Pennsylvania Inc.

                                American Express Partners                                 Vice President and
                                Life Insurance Company                                    Treasurer

                                IDS Cable Corporation                                     Director, Vice President
                                                                                          and Treasurer

                                IDS Cable II Corporation                                  Director, Vice President
                                                                                          and Treasurer

                                IDS Capital Holdings Inc.                                 Vice President, Treasurer
                                                                                          and Assistant Secretary

                                IDS Certificate Company                                   Vice President and
                                                                                          Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                Alabama Inc.                                              Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                Arkansas Inc.                                             Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                Massachusetts Inc.                                        Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                New Mexico Inc.                                           Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                North Carolina Inc.                                       Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                Ohio Inc.                                                 Treasurer

                                IDS Insurance Agency of                                   Vice President and
                                Wyoming Inc.                                              Treasurer

                                IDS Life Insurance Company                                Vice President, Treasurer
                                                                                          and Assistant Secretary

                                IDS Life Insurance Company   P.O. Box 5144                Vice President and
                                of New York                  Albany, NY 12205             Treasurer

                                IDS Life Series Fund Inc.                                 Vice President and
                                                                                          Treasurer

                                IDS Life Variable Annuity                                 Vice President and
                                Funds A & B                                               Treasurer

                                IDS Management Corporation                                Director, Vice President
                                                                                          and Treasurer

                                IDS Partnership Services                                  Vice President and
                                Corporation                                               Treasurer

                                IDS Plan Services of                                      Vice President and
                                California, Inc.                                          Treasurer

                                IDS Real Estate Services,                                 Vice President and
                                Inc.                                                      Treasurer

                                IDS Realty Corporation                                    Vice President and
                                                                                          Treasurer

                                IDS Sales Support Inc.                                    Vice President and
                                                                                          Treasurer

                                IDS Securities Corporation                                Vice President and
                                                                                          Treasurer

                                Investors Syndicate                                       Vice President and
                                Development Corp.                                         Treasurer

                                IDS Property Casualty        1 WEG Blvd.                  Vice President, Treasurer
                                Insurance Company            DePere, WI 54115             and Assistant Secretary

                                Public Employee Payment                                   Vice President and
                                Company                                                   Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

David R. Hubers,                AMEX Assurance Company       IDS Tower 10                 Director
Director, President and Chief                                Minneapolis, MN 55440
Executive Officer

                                American Express Financial                                Chairman, President and
                                Advisors Inc.                                             Chief Executive Officer

                                American Express Service                                  Director and President
                                Corporation

                                IDS Certificate Company                                   Director

                                IDS Life Insurance Company                                Director

                                IDS Plan Services of                                      Director and President
                                California, Inc.

                                IDS Property Casualty        1 WEG Blvd.                  Director
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Martin G. Hurwitz,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James M. Jensen,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Life Insurance Company                                Vice President

                                IDS Life Series Fund, Inc.                                Director
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Marietta L. Johns,              American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Nancy E. Jones,                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                American Express Service                                  Vice President
                                Corporation
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Ora J. Kaine,                   American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Matthew N. Karstetter,          American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Linda B. Keene,                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

G. Michael Kennedy,             American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Susan D. Kinder,                American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President

                                IDS Securities Corporation                                Director
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Brian C. Kleinberg,             American Enterprise          IDS Tower 10                 Director
Executive Vice President        Investment Services Inc.     Minneapolis, MN 55440

                                American Express Financial                                Executive Vice President
                                Advisors Inc.

                                American Express Service                                  Director
                                Corporation

                                AMEX Assurance Company                                    Director and Chairman of
                                                                                          the Board

                                American Partners Life                                    Executive Vice President
                                Insurance Company

                                IDS Property Casualty        1 WEG Blvd.                  Director and Chairman of
                                Insurance Company            DePere, WI 54115             the Board
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Richard W. Kling,               AMEX Assurance Company       IDS Tower 10                 Director
Director and Senior Vice                                     Minneapolis, MN 55440
President

                                American Centurion Life                                   Director
                                Assurance Company

                                American Enterprise Life                                  Director and Chairman of
                                Insurance Company                                         the Board

                                American Express                                          Director and President
                                Corporation

                                American Express Financial                                Senior Vice President
                                Advisors Inc.

                                American Express Insurance                                Director and President
                                Agency of Arizona Inc.

                                American Express Insurance                                Director and President
                                Agency of Idaho Inc.

                                American Express Insurance                                Director and President
                                Agency of Nevada Inc.

                                American Express Insurance                                Director and President
                                Agency of Oregon Inc.

                                American Express Property                                 Director and President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Director and President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Director and President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                American Express Service                                  Vice President
                                Corporation

                                American Partners Life                                    Director and Chairman of
                                Insurance Company                                         the Board

                                IDS Certificate Company                                   Director and Chairman of
                                                                                          the Board

                                IDS Insurance Agency of                                   Director and President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Director and President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Director and President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Director and President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Director and President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Director and President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Director and President
                                Wyoming Inc.

                                IDS Life Insurance Company                                Director and President

                                IDS Life Series Fund, Inc.                                Director and President

                                IDS Life Variable Annuity                                 Manager, Chairman of the
                                Funds A and B                                             Board and President

                                IDS Property Casualty        1 WEG Blvd.                  Director
                                Insurance Company            DePere, WI 54115

                                IDS Life Insurance Company   P.O. Box 5144                Director, Chairman of the
                                of New York                  Albany, NY 12205             Board and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Paul F. Kolkman,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Life Insurance Company                                Director and Executive
                                                                                          Vice President

                                IDS Life Series Fund, Inc.                                Vice President and Chief
                                                                                          Actuary

                                IDS Property Casualty        1 WEG Blvd.                  Director
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Claire Kolmodin,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Steve C. Kumagai,               American Express Financial   IDS Tower 10                 Director and Senior Vice
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440        President
President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Kurt A. Larson,                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Lori J. Larson,                 American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Daniel E. Laufenberg,           American Express Financial   IDS Tower 10                 Vice President and Chief
Vice President and Chief U.S.   Advisors Inc.                Minneapolis, MN 55440        U.S. Economist
Economist
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Peter A. Lefferts,              American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President

                                American Express Trust                                    Director
                                Company

                                IDS Plan Services of                                      Director
                                California, Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Douglas A. Lennick,             American Express Financial   IDS Tower 10                 Director and Executive
Director and Executive Vice     Advisors Inc.                Minneapolis, MN 55440        Vice President
President

                                IDS Securities Corporation                                Director, President and
                                                                                          Chief Executive Officer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Jonathan S. Linen,                                           IDS Tower 10
Director                                                     Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Mary J. Malevich,               American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Fred A. Mandell,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Sarah A. Mealey,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Paula R. Meyer,                 American Enterprise Life     IDS Tower 10                 Vice President
Vice President                  Insurance Company            Minneapolis, MN 55440

                                American Express                                          Director
                                Corporation

                                American Express Financial                                Vice President
                                Advisors Inc.

                                American Partners Life                                    Director and President
                                Insurance Company

                                IDS Certificate Company                                   Director and President

                                IDS Life Insurance Company                                Director and Executive
                                                                                          Vice President

                                Investors Syndicate                                       Director, Chairman of the
                                Development Corporation                                   Board and President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

William P. Miller,              Advisory Capital             IDS Tower 10                 Vice President
Vice President and Senior       Strategies Group Inc.        Minneapolis, MN 55440
Portfolio Manager

                                American Express Asset                                    Senior Vice President and
                                Management Group Inc.                                     Chief Investment Officer

                                American Express Financial                                Vice President and Senior
                                Advisors Inc.                                             Portfolio Manager
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James A. Mitchell,              AMEX Assurance Company       IDS Tower 10                 Director
Director and Executive Vice                                  Minneapolis, MN 55440
President

                                American Enterprise                                       Director
                                Investment Services Inc.

                                American Express Financial                                Executive Vice President
                                Advisors Inc.

                                American Express Service                                  Director and Senior Vice
                                Corporation                                               President

                                American Express Tax and                                  Director
                                Business Services Inc.

                                IDS Certificate Company                                   Director

                                IDS Life Insurance Company                                Director, Chairman of the
                                                                                          Board and Chief Executive
                                                                                          Officer

                                IDS Plan Services of                                      Director
                                California, Inc.

                                IDS Property Casualty        1 WEG Blvd.                  Director
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Pamela J. Moret,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                American Express Trust                                    Vice President
                                Company

                                IDS Life Insurance Company                                Executive Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Barry J. Murphy,                American Express Client      IDS Tower 10                 Director and President
Director and Senior Vice        Service Corporation          Minneapolis, MN 55440
President

                                American Express Financial                                Senior Vice President
                                Advisors Inc.

                                IDS Life Insurance Company                                Director and Executive
                                                                                          Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Mary Owens Neal,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Michael J. O'Keefe,             American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James R. Palmer,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Life Insurance Company                                Vice President
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Carla P. Pavone,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                Public Employee Payment                                   Director and President
                                Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Thomas P. Perrine,              American Express Financial   IDS Tower 10                 Senior Vice President
Senior Vice President           Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Susan B. Plimpton,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Ronald W. Powell,               American Express Financial   IDS Tower 10                 Vice President and
Vice President and Assistant    Advisors Inc.                Minneapolis, MN 55440        Assistant General Counsel
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                                  Vice President and
                                Corporation                                               Assistant Secretary

                                IDS Plan Services of                                      Vice President and
                                California, Inc.                                          Assistant Secretary

                                IDS Realty Corporation                                    Vice President and
                                                                                          Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James M. Punch,                 American Express Financial   IDS Tower 10                 Vice President and Project
Vice President and Project      Advisors Inc.                Minneapolis, MN 55440        Manager
Manager
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Frederick C. Quirsfeld,         American Express Asset       IDS Tower 10                 Senior Vice President and
Senior Vice President           Management Group Inc.        Minneapolis, MN 55440        Senior Portfolio Manager

                                American Express Financial                                Senior Vice President
                                Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Rollyn C. Renstrom,             American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

ReBecca K. Roloff,              American Express Financial   IDS Tower 10                 Senior Vice President
Senior Vice President           Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Stephen W. Roszell,             Advisory Capital             IDS Tower 10                 Director
Senior Vice President           Strategies Group Inc.        Minneapolis, MN 55440

                                American Express Asset                                    Director, President and
                                Management Group Inc.                                     Chief Executive Officer

                                American Express Asset                                    Director
                                Management International,
                                Inc.

                                American Express Asset                                    Director
                                Management Ltd.

                                American Express Financial                                Senior Vice President
                                Advisors Inc.

                                American Express Trust                                    Director
                                Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Erven A. Samsel,                American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President

                                American Express Insurance                                Vice President
                                Agency of Idaho Inc.

                                American Express Insurance                                Vice President
                                Agency of Nevada Inc.

                                American Express Insurance                                Vice President
                                Agency of Oregon Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                IDS Insurance Agency of                                   Vice President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Vice President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Vice President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Vice President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Vice President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Vice President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Vice President
                                Wyoming Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Stuart A. Sedlacek,             American Enterprise Life     IDS Tower 10                 Executive Vice President
Senior Vice President and       Insurance Company            Minneapolis, MN 55440
Chief Financial Officer

                                American Express Financial                                Senior Vice President and
                                Advisors Inc.                                             Chief Financial Officer

                                American Express Trust                                    Director
                                Company

                                American Partners Life                                    Director and Vice President
                                Insurance Agency

                                IDS Certificate Company                                   Director and President

                                IDS Life Insurance Company                                Executive Vice President
                                                                                          and Controller
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Donald K. Shanks,               AMEX Assurance Company       IDS Tower 10                 Senior Vice President
Vice President                                               Minneapolis, MN 55440

                                American Express Financial                                Vice President
                                Advisors Inc.

                                IDS Property Casualty        1 WEG Blvd.                  Senior Vice President
                                Insurance Company            DePere, WI 54115
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

F. Dale Simmons,                AMEX Assurance Company       IDS Tower 10                 Vice President
Vice President                                               Minneapolis, MN 55440

                                American Enterprise Life                                  Vice President
                                Insurance

                                American Express Financial                                Vice President
                                Advisors Inc.

                                American Partners Life                                    Vice President
                                Insurance Company

                                IDS Certificate Company                                   Vice President

                                IDS Life Insurance Company                                Vice President

                                IDS Partnership Services                                  Director and Vice President
                                Corporation

                                IDS Real Estate Services                                  Chairman of the Board and
                                Inc.                                                      President

                                IDS Realty Corporation                                    Director and Vice President

                                IDS Life Insurance Company   P.O. Box 5144                Vice President and
                                of New York                  Albany, NY 12205             Assistant Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Judy P. Skoglund,               American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Bridget Sperl,                  American Express Client      IDS Tower 10                 Vice President
Vice President                  Service Corporation          Minneapolis, MN 55440

                                American Express Financial                                Vice President
                                Advisors Inc.

                                Public Employee Payment                                   Director and President
                                Company
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Lisa A. Steffes,                American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

William A. Stoltzmann,          American Enterprise Life     IDS Tower 10                 Director, Vice President,
Vice President and Assistant    Insurance Company            Minneapolis, MN 55440        General Counsel and
General Counsel                                                                           Secretary

                                American Express                                          Director, Vice President
                                Corporation                                               and Secretary

                                American Express Financial                                Vice President and
                                Advisors Inc.                                             Assistant General Counsel

                                American Partners Life                                    Director, Vice President,
                                Insurance Company                                         General Counsel and
                                                                                          Secretary

                                IDS Life Insurance Company                                Vice President, General
                                                                                          Counsel and Secretary

                                IDS Life Series Fund Inc.                                 General Counsel and
                                                                                          Assistant Secretary

                                IDS Life Variable Annuity                                 General Counsel and
                                Funds A & B                                               Assistant Secretary
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

James J. Strauss,               American Express Financial   IDS Tower 10                 Vice President and General
Vice President and General      Advisors Inc.                Minneapolis, MN 55440        Auditor
Auditor
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Jeffrey J. Stremcha,            American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Barbara Stroup Stewart,         American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Wesley W. Wadman,               American Express Asset       IDS Tower 10                 Executive Vice President
Vice President                  Management Group Inc.        Minneapolis, MN 55440

                                American Express Asset                                    Director and Senior Vice
                                Management International,                                 President
                                Inc.

                                American Express Asset                                    Director and Vice Chairman
                                Management Ltd.

                                American Express Financial                                Vice President
                                Advisors Inc.

                                IDS Fund Management Limited                               Director and Vice Chairman
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Norman Weaver Jr.,              American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President

                                American Express Insurance                                Vice President
                                Agency of Arizona Inc.

                                American Express Insurance                                Vice President
                                Agency of Idaho Inc.

                                American Express Insurance                                Vice President
                                Agency of Nevada Inc.

                                American Express Insurance                                Vice President
                                Agency of Oregon Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                IDS Insurance Agency of                                   Vice President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Vice President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Vice President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Vice President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Vice President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Vice President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Vice President
                                Wyoming Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Michael L. Weiner,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440

                                IDS Capital Holdings Inc.                                 Vice President

                                IDS Futures Brokerage Group                               Vice President

                                IDS Futures Corporation                                   Vice President, Treasurer
                                                                                          and Secretary

                                IDS Sales Support Inc.                                    Director, Vice President
                                                                                          and Assistant Treasurer
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Lawrence J. Welte,              American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Jeffry F. Welter,               American Express Financial   IDS Tower 10                 Vice President
Vice President                  Advisors Inc.                Minneapolis, MN 55440
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Edwin M. Wistrand,              American Express Financial   IDS Tower 10                 Vice President and
Vice President and Assistant    Advisors Inc.                Minneapolis, MN 55440        Assistant General Counsel
General Counsel
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Michael D. Wolf,                American Express Asset       IDS Tower 10                 Executive Vice President
Vice President                  Management Group Inc.        Minneapolis, MN 55440        and Senior Portfolio
                                                                                          Manager

                                American Express Financial                                Vice President
                                Advisors Inc.
- ------------------------------- ---------------------------- ---------------------------- ----------------------------

Michael R. Woodward,            American Express Financial   IDS Tower 10                 Senior Vice President
Director and Senior Vice        Advisors Inc.                Minneapolis, MN 55440
President

                                American Express Insurance                                Vice President
                                Agency of Idaho Inc.

                                American Express Insurance                                Vice President
                                Agency of Nevada Inc.

                                American Express Insurance                                Vice President
                                Agency of Oregon Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Kentucky Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Maryland Inc.

                                American Express Property                                 Vice President
                                Casualty Insurance Agency
                                of Pennsylvania Inc.

                                IDS Insurance Agency of                                   Vice President
                                Alabama Inc.

                                IDS Insurance Agency of                                   Vice President
                                Arkansas Inc.

                                IDS Insurance Agency of                                   Vice President
                                Massachusetts Inc.

                                IDS Insurance Agency of                                   Vice President
                                New Mexico Inc.

                                IDS Insurance Agency of                                   Vice President
                                North Carolina Inc.

                                IDS Insurance Agency of                                   Vice President
                                Ohio Inc.

                                IDS Insurance Agency of                                   Vice President
                                Wyoming Inc.

                                IDS Life Insurance Company   P.O. Box 5144                Director
                                of New York                  Albany, NY 12205
- ------------------------------- ---------------------------- ---------------------------- ----------------------------
</TABLE>


<PAGE>

Item 27.       Principal Underwriters

               (a)  Not Applicable.
               (b)  Not Applicable.
               (c)  Not Applicable.

Item 28.       Location of Accounts and Records

               American Express Financial Corporation
               IDS Tower 10
               Minneapolis, MN  55440

Item 29.       Management Services

               Not Applicable.

Item 30.       Undertakings

               Not Applicable.




<PAGE>


                                   SIGNATURES

Pursuant to the requirement of the Investment Company Act of 1940, the
Registrant 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 State of Minnesota, on the 28th day of December, 1998.


WORLD TRUST


By /s/   William R. Pearce**                   
         William R. Pearce, Chief Executive Officer


By /s/   Stuart A. Sedlacek       
         Stuart A. Sedlacek, Treasurer***


Pursuant to the requirements of the Investment Company Act of 1940, this
Amendment to its Registration Statement has been signed below by the following
persons in the capacities indicated on the 28th day of December, 1998.

Signatures                                           Capacity

/s/  William R. Pearce*                              Trustee
     William R. Pearce

/s/  H. Brewster Atwater, Jr.*                       Trustee
     H. Brewster Atwater, Jr.

/s/  Lynne V. Cheney*                                Trustee
     Lynne V. Cheney

/s/  William H. Dudley*                              Trustee
     William H. Dudley

/s/  David R. Hubers*                                Trustee
     David R. Hubers

/s/  Heinz F. Hutter*                                Trustee
     Heinz F. Hutter

/s/  Anne P. Jones*                                  Trustee
     Anne P. Jones

/s/  Alan K. Simpson*                                Trustee
     Alan K. Simpson

/s/  Edson W. Spencer*                               Trustee
     Edson W. Spencer


<PAGE>


Signatures                                           Capacity

/s/  John R. Thomas*                                 Trustee
     John R. Thomas

/s/  Wheelock Whitney*                               Trustee
     Wheelock Whitney

/s/  C. Angus Wurtele*                               Trustee
     C. Angus Wurtele


*Signed pursuant to Trustees Power of Attorney dated January 7, 1998, filed
electronically herewith as Exhibit (p)(1), by:



/s/ Leslie L. Ogg
Leslie L. Ogg

**Signed pursuant to Officers Power of Attorney dated April 11, 1996, filed 
electronically as Exhibit 19(b) to Registrant's Amendment No. 2, by:



/s/ Leslie L. Ogg
Leslie L. Ogg

***Signed pursuant to Officers Power of Attorney dated November 24, 1998, filed
electronically herewith as Exhibit (p)(3), by:




/s/ Leslie L. Ogg
Leslie L. Ogg



                              EXHIBIT INDEX


Exhibit (d)(3):     Investment Advisory Agreement between American Express
                    Financial Corporation and American Express Asset 
                    Management International dated April 9, 1998

Exhibit (h)(1):     Transfer Agency and Administrative Services Agreement
                    between World Trust, on behalf of Emerging Markets
                    Portfolio, World Growth Portfolio, World Income Portfolio,
                    and World Technologies Portfolio and American Express
                    Client Service Corporation dated Jan. 1, 1998

Exhibit (n):        Financial Data Schedules

Exhibit (p)(1):     Trustees' Power of Attorney to sign Amendments to this
                    Registration Statement, dated January 7, 1998

Exhibit (p)(3):     Officer Power of Attorney to sign Amendments to this
                    Registration Statement dated November 24, 1998     

                          INVESTMENT ADVISORY AGREEMENT

Agreement  effective as of the 9th day of April,  1998, by and between  American
Express   Financial   Corporation  Inc.  ("AEFC")  and  American  Express  Asset
Management International Inc. ("International").

Whereas each of the Funds and  Portfolios  listed in Exhibit A  (individually  a
"Fund" and  collectively  the "Funds" ), has been  registered  as an  investment
company under the Investment Company Act of 1940; and

Whereas  International  has a staff  of  experienced  investment  personnel  and
facilities for the kind of investment portfolio contemplated for the Funds;

NOW THEREFORE, it is mutually agreed with respect to each Fund:

1. Information  Furnished to International.  AEFC shall furnish such information
to  International as to holdings,  purchases,  and sales of securities under its
management and  investment  portfolio  requirements  as will  reasonably  enable
International to furnish investment advice under this agreement. Any information
or notice provided to  International  under the terms of this agreement shall be
furnished  to the  President  of  International  or to  the  person  or  persons
designated  in  writing  by him or by a  person  to  whom he has  delegated  the
authority to so designate.

2. Purchase and Sale of Securities.  Subject to the  supervision and approval of
AEFC and of the Fund's Board of Directors/Trustees (the "Board"),  International
shall determine,  consistent with the Fund's investment objectives and policies,
which   securities   (including   both  domestic  and  foreign   securities)  in
International's  discretion  shall be purchased,  held or sold and to execute or
cause the  execution of purchase and sell  orders,  provided  that AEFC shall be
responsible  for investing and reinvesting all of the Fund's cash and cash items
held by the Fund's U.S. custodian. All transactions will be executed in a manner
and in  accordance  with the  procedures  and  standards  as set forth in, or as
established in accordance  with, the Investment  Management  Services  Agreement
between the investment  manager and the Fund.  AEFC shall furnish  International
with  information  concerning such procedures and standards,  and any amendments
thereto,   and   International   will  maintain  records  to  assure  that  such
transactions have been executed in accordance therewith.

3. Compensation to International.  As compensation for its services,  AEFC shall
pay  International  a fee as  described in Exhibit A. AEFC shall pay this fee to
International on a monthly basis in cash within five (5) business days after the
last day of each month.

4. IMRO Provisions.

a. The IMRO required  statements,  disclosures and other provisions set forth in
Exhibit B shall be considered an integral part of this agreement.

b. The Securities Brokerage Policy set forth in Exhibit C shall be considered an
integral part of this agreement.

5.  Miscellaneous.

a. AEFC  recognizes  that  International  now renders and may continue to render
investment  advice and other services to other persons which may or may not have
investment  policies  and  investments  similar  to those of the Fund,  and that
International  may manage its own  investments.  International  shall be free to
render such  investment  advice and other  services,  and AEFC  hereby  consents
thereto.

b. It is understood  and agreed that in furnishing  investment  advice and other
services as herein provided,  neither  International nor any officer,  director,
employee, or agent thereof shall be held liable to AEFC or the Fund or creditors
for errors of judgment or for anything except willful misfeasance, bad faith, or
gross negligence in the performance of its duties, or reckless  disregard of its
obligations  and  duties  under  the  terms  of this  agreement.  It is  further
understood and agreed that International may rely upon information  furnished to
it  reasonably  believed  to be  accurate  and  reliable  and  that,  except  as
hereinabove  provided,  International  shall  not be  accountable  for any  loss
suffered by AEFC or the Fund by the reason of the  latter's  action or nonaction
on the basis of any advice or  recommendation  of  International,  its officers,
directors or agents.

6. Renewal and Termination.

This agreement,  unless terminated pursuant to paragraph b, c, or d below, shall
continue in effect from year to year,  provided its continued  applicability  is
specifically  approved  at least  annually  (i) by the Board of the Fund or by a
vote of the holders of a majority of the outstanding  votes of the Fund and (ii)
by vote of a majority of the Board members who are not parties to this agreement
or interested  persons of any such party, cast in person at a meeting called for
the  purpose of voting on such  approval.  As used in this  paragraph,  the term
"interested  person" shall have the same meaning as set forth in the  Investment
Company Act of 1940, as amended.

b. This agreement may be terminated at any time,  without penalty,  by the Board
of the Fund or by vote of the  holders of a majority  of the Fund's  outstanding
shares, on sixty days' written notice to AEFC or to International.

c. AEFC or  International  may  terminate  this  agreement  by giving sixty days
written notice to the other party.

d. This  agreement  shall  terminate  in the event of its  assignment,  the term
"assignment"  for  this  purpose  having  the  same  meaning  set  forth  in the
Investment Company Act of 1940, as amended.

IN WITNESS WHEREOF,  the parties hereto have executed the foregoing agreement as
of the day and year first above written.


                                              AMERICAN EXPRESS FINANCIAL
                                              CORPORATION

Attest: /s/ Timothy S. Meehan         BY:  /s/ Peter J. Anderson
        Secretary                          Senior Vice President - Investment
                                           Operations

                                              AMERICAN EXPRESS ASSET MANAGEMENT
                                              INTERNATIONAL INC.

Attest: /s/ Timothy S. Meehan         BY:  /s/ Peter L. Lamaison
Secretary                                  President and Chief Executive Officer



<PAGE>




                                    EXHIBIT A

American  Express  Financial   Corporation  shall  pay  American  Express  Asset
Management International Inc. a fee equal on an annual basis as follows:


Fund                                         Fee

Emerging Markets Portfolio                   0.50% of daily net assets

World Growth Portfolio                       0.35% of daily net assets

IDS International Fund, Inc.                 0.35% of daily net assets

IDS Life International Equity Fund           0.35% of daily net assets

American Express  Financial  Corporation shall pay this compensation to American
Express International Inc. in arrears on a monthly basis.

<PAGE>

                                    Exhibit B
                                  Attachment to
                          Investment Advisory Agreement

WHEREAS:  American Express Asset Management International Inc. , (International)
of 11th Floor, Dashwood House, 69 Old Broad Street, London, United Kingdom, ECZM
IQS, is a Member of the Investment Management Regulatory  Organisation (IMRO), a
Self-Regulatory  Organisation  established  by  virtue of the  United  Kingdom's
Financial Services Act 1986 (FSA).

WHEREAS:   IMRO  requires   International  to  incorporate  certain  statements,
disclosures and other provisions into its investment advisory agreements.

NOW THEREFORE:  International and American Express Financial  Corporation (AEFC)
hereby agree that the following IMRO required statements,  disclosures and other
provisions form an Attachment to the Investment  Advisory Agreement effective as
between  International  and AEFC as of the 9th day of April, 1998 with regard to
each Fund listed in Exhibit A.

I.   Appointment of International

         A.  AEFC  appoints   International  and   International   accepts  such
         appointment to determine in its  discretion,  but  consistent  with the
         Fund's   investment   objectives   and  policies  and  subject  to  the
         supervision  and  approval  of  AEFC  and of the  Fund's  Board,  which
         securities  (including both domestic and foreign  securities)  shall be
         purchased,  held or sold and to  execute  or  cause  the  execution  of
         purchase and sell orders.

         B.  International  represents  and  warrants  that it is an  Authorised
         Person by virtue of it being a Member of IMRO, and in so being a Member
         is regulated by that body in its conduct of investment business.

II.      Incorporation of Prospectus and Statement of Additional Information

         The Prospectus and Statement of Additional Information for the Fund are
         hereby  incorporated  and  shall  be  seen  as  forming  part  of  this
         Attachment.

III.     Portfolio Transactions and Commissions/Relevant Arrangements

         International  is  responsible  for seeing  that the Fund's  securities
         transactions  are effected,  for choosing the executing  firms, and for
         determining  the  brokerage  commissions  to be paid to such firms in a
         manner and in accordance with the procedures and standards as set forth
         in, or as  established in accordance  with,  the Investment  Management
         Services  Agreement  between the investment  manager and the Fund. With
         regard to these  executions,  International  will  seek to secure  best
         execution,  defined as the best net results  for the Fund,  taking into
         consideration such factors as price, commission, dealer spread, size of
         order, difficulty of execution, operational facilities of the executing
         firm  involved,  that firm's risk in  positioning a block of securities
         and the overall benefits of supplemental  investment  research provided
         by such firm.

         To the extent that any such securities transactions may be effected for
         the Fund with or  through  the  agency of a person  who  provides  such
         services under any relevant arrangement, as defined in IMRO Chapter IV,
         Rule 6.01, such  transactions  will be effected so as to seek to secure
         for the  Fund  best  execution  of the  transactions  disregarding  any
         benefit which might enure  directly or indirectly  from the services or
         benefits provided under that arrangement,  since such arrangements will
         relate  solely  to  transactions  in  markets  and on  exchanges  where
         commission rates are fixed

IV.      Investment

         A. In currency  transactions a movement of the exchange rate may have a
         separate effect,  unfavorable as well as favorable, on the gain or loss
         otherwise experienced on the investment.

         B. Services  provided by  International  may relate to Investments  Not
         Readily  Realisable.  When such securities are not readily  realisable;
         there can be no certainty  that market  makers will be prepared to deal
         in them, nor may they have proper  information  for  determining  their
         current value.

         C. The Fund may invest in units in Collective Investment Schemes which,
         for  the  purposes  of  IMRO,  are  Unregulated  Collective  Investment
         Schemes.

         D.  The Fund  may not  acquire  or  dispose  of  units in a  Collective
         Investment  Scheme either operated or advised by International or by an
         Associate, as defined by IMRO, of International.

         E. The Fund may not contain  securities  of which an issue or offer for
         sale was underwritten,  managed or arranged by International during the
         preceding twelve months.  The Fund may, however,  contain securities of
         which an issue or offer for sale was underwritten,  managed or arranged
         by an Associate of International during the preceding twelve months

         F. Subject to the extent  permitted or not prohibited by any applicable
         law and subject to procedures established by the Fund's Board and AEFC,
         International  may  effect  transactions  on behalf of the Fund with an
         Associate.  In all Portfolio transactions so effected by International,
         International  could  be  deemed  by  IMRO  either  to be  effecting  a
         transaction in which  International  has a direct or indirect  material
         interest,   or  a  transaction   which  may  involve  a  conflict  with
         International's duty to the Fund.

         G. International may not commit the Fund to an obligation to underwrite
         any  issue  or offer  for the sale of  securities,  but  under  certain
         securities  laws the Fund may be deemed to be an  underwriter  where it
         purchases securities directly from the issuer and later resells them.

         H.  International  may not commit the Fund to  supplement  funds in the
         Portfolio  either by borrowing on its behalf or by  committing  it to a
         contract of  performance  which may have required it to supplement  the
         funds.

         I. Prior to effecting any transactions on behalf of the Fund in Options
         or Futures,  IMRO requires  International  to send AEFC the  applicable
         IMRO disclosures and agreements.  International  will therefore forward
         the  necessary   disclosures  and  agreements  to  AEFC,  and  no  such
         transaction  as  mentioned in this  paragraph I will be effected  until
         such agreements have been executed

         J. In the  event  that  Contracts  for  Differences  are  considered  a
         possible investment vehicle, the appropriate disclosures and agreements
         between International and AEFC will be forwarded.

         K. AEFC will inform  International  of any  restrictions  regarding the
         markets in which transactions may be effected.

V.    Administration

         A. International shall not, under any circumstance, act as custodian or
         trustee for the Fund, nor hold money,  nor be the registered  holder of
         the Fund's registered  investments nor be the custodian of documents or
         other evidence of title.

         B. American Express Trust Company, an Associate of International,  acts
         as Custodian with respect to the Fund.  American  Express Trust Company
         has a subcustodial  agreement  with Morgan  Stanley Trust  Company,  an
         entity  not  an  Associate  of  International.  It  is  International's
         understanding  that money will be deposited  with Morgan  Stanley Trust
         Company in the account name of American  Express  Trust  Company,  that
         investments,  documents  of  title,  certificates  evidencing  title to
         investments  and other property  belonging to the Fund may be lent to a
         third party in  accordance  with a  resolution  of the Fund's Board but
         that  money  may not be  borrowed  on the  Fund's  behalf  against  the
         investments documents, certificates or property hereinabove mentioned.

         With respect to the Fund, International understands that Morgan Stanley
         Trust  Company has  procedures  for  accounting  to the Fund  regarding
         income  received  and rights  conferred  in respect of the  investments
         held.

         International  accepts no  responsibility  for the  default of any such
         Custodian so appointed by the Fund.

         The Board of the Fund will exercise all voting rights  conferred on the
         owners of the securities in the Fund.

         C.  International  shall furnish to AEFC monthly written reports on the
         valuation of the Fund,  including both  securities and cash and showing
         all  investments,   receipts,   disbursements  and  other  transactions
         involving  the Fund during the  accounting  period and also showing the
         assets  of the Fund  held at the end of the  period  and  their  market
         values. Such reports do not include any measurement of performance

         D.  International  has  in  operation  a  written  procedure  for  the
         effective  consideration  and  proper  handling  of  complaints.   Any
         complaint by, or on behalf of, the Fund should be sent in writing to:

                     Peter L. Lamaison
                     American Express Asset Management International Inc.
                     11th Floor
                     Dashwood House
                     69 Old Broad Street
                     London, United Kingdom ECZM IQS

         Direct  complaint  can  also be  made  to  IMRO.  In the  event  of the
         inability  of  International  to  meet  its  liabilities  to  the  Fund
         compensation may be available by virtue of the fund  established  under
         the Financial Services (Compensation of Investors) Rules 1988

VI.      Termination

         Termination will be without prejudice to the completion of transactions
         initiated prior to such termination,  said transactions being completed
         according to their terms.  Termination  shall occur in accordance  with
         procedures established in the Investment Advisory Agreement.

VII.     Investment Management Fees

         Pursuant to the IMRO provisions  regarding the supplement and abatement
         of fees,  International hereby acknowledges that for the performance of
         services  contemplated by the Investment  Advisory  Agreement,  it will
         receive  only  the  compensation  set  out in the  Investment  Advisory
         Agreement.  Such  compensation  shall be payable in accordance with the
         agreed provisions regarding compensation to International.

         In circumstances where International effects a transaction on behalf of
         the Fund with an Associate,  that  Associate  may receive  commissions;
         such   commissions,    however,   would   not   supplement   or   abate
         International's above-mentioned agreed compensation.

VIII.    Miscellaneous

         A. Non-Private  Investor: In accordance with IMRO International hereby
         deems AEFC a Non-Private Investor (as such term is defined by IMRO) in
         relation  to  all  investment  advisory  services  to be  provided  by
         International under the Investment Advisory Agreement

         B.  Calls:  Under  the  terms  of  the  Investment  Advisory  Agreement
         International  has the right for itself,  its  representatives,  or its
         employees to make calls to AEFC at appropriate  times,  with the caller
         identifying himself/herself at the start of the conversation


IN WITNESS WHEREOF,  the parties have executed this Attachment as of the 9th day
of April, 1998.

American Express Financial Corporation



By:  /s/ Peter J. Anderson
Title: Director and Senior Vice President - Investment Operations



American Express Asset Management International Inc.



By:  /s/ Peter L. Lamaison
Title:  President and Chief Executive Officer


<PAGE>




                                    Exhibit C

              AMERICAN EXPRESS ASSET MANAGEMENT INTERNATIONAL INC.

                           SECURITIES BROKERAGE POLICY

American  Express Asset Management  International  Inc.  ("AEAMI")  provides its
Securities Brokerage Policy,  together with any and all disclosure  requirements
thereto,  to all clients at least  annually.  In the event that any  significant
policy  changes  occur before AEAMI sends the next annual policy  statement,  an
updated securities brokerage policy will be provided to all clients.

AEAMI seeks to comply with the  guidelines  established  by each of its clients.
Such guidelines  generally give AEAMI the  discretionary  authority to determine
the brokers and dealers  through which  transactions  are to be effected.  AEAMI
will seek to select  brokers  and  dealers  who will deal in terms which are the
best available for the client,  taking into consideration such factors as price,
commission, dealer spread, size of order, difficulty of execution,  reliability,
integrity,  financial soundness,  operational and execution  capabilities of the
executing  broker/dealer involved, the risk in positioning a block of securities
and the overall  benefits of  supplemental  investment  research.  Purchases and
sales of over-the-counter securities are executed with primary market makers for
such securities,  except where AEAMI believes that a better combination of price
and execution  may otherwise be provided to the client.  Clients also may direct
AEAMI to effect a portion of their transactions through specific broker/dealers.
In these cases,  clients  should be aware that such  directed  arrangements  may
result in less favorable  executions  than those achieved for clients who do not
so direct.

Under  certain   circumstances,   AEAMI  may   participate  in  soft  commission
arrangements with  broker/dealers  whereby services are provided for the benefit
of AEAMI's  clients in  anticipation  of  receiving a certain  amount of trading
business. The soft commission services provided include assessment of political,
economical,  industrial,  technical, market, industry and company factors and/or
conditions.  All of the soft commission  services  received by AEAMI are used to
assist  in  the  investment   management  decision  making  process  and  client
investment services. The broker/dealer services provided, enable AEAMI to obtain
special  products and services  essential to the management of client funds.  In
the event AEAMI has entered  into a soft  commission  arrangement,  the affected
client's annual brokerage report will include the following:  (i) the percentage
of the total  commission  paid under any soft commission  arrangement;  (ii) the
value (on a cost price basis) of disclosable  softing services received by AEAMI
expressed  as a percentage  of the total  commission  paid  (whether or not paid
under a soft  commission  agreement);  (iii) a summary  of  disclosable  softing
services received by AEAMI; (iv) a list of counterparties to the soft commission
arrangement;  (v) the total  commission  paid from the portfolio of the affected
client;  (vi)  information  on any Value Added Tax cash reclaims  received which
relate to soft commission paid by the affected  client;  and (vii)  confirmation
that  AEAMI's soft  commission  agreement  has not  changed,  or if a change has
occurred, a current copy of the soft commission agreement.

<PAGE>

 To:  American Express Asset Management International Inc. (International)

On  behalf  of the Funds  listed  below,  I hereby  acknowledge  receipt  of the
Attachment  (drafted to comply with the United Kingdom's  Investment  Management
Regulatory   Organisation)  to  the  Investment   Advisory  Agreement  presently
effective between International and American Express Financial Corporation.
Emerging Markets  Portfolio;  World Growth Portfolio;  IDS  International  Fund,
Inc.; and IDS Life International Equity Fund.



Signed:  /s/ Leslie L. Ogg
             Leslie L. Ogg
             Title:   Vice President, General Counsel and Secretary


 Date:  5/28/98




TRANSFER AGENCY AND ADMINISTRATIVE SERVICES AGREEMENT

AGREEMENT dated as of January 1, 1998, between World Trust (the "Trust"), a
Massachusetts business trust, on behalf of its underlying portfolios
(individually the "Portfolio" and collectively the "Portfolios"), and American
Express Client Service Corporation (the "Transfer Agent"), a Minnesota
corporation.

In consideration of the mutual promises set forth below, the Trust and the
Transfer Agent agree as follows:

1.       Appointment of the Transfer Agent. The Trust hereby appoints the
         Transfer Agent, as transfer agent for units of the Portfolios and as
         administrator for the Portfolios, and the Transfer Agent accepts such
         appointment and agrees to perform the duties set forth below.

2.       Compensation. The Trust will compensate the Transfer Agent for the
         performance of its obligations as set forth in Schedule A. Schedule A
         does not include out-of-pocket disbursements of the Transfer Agent for
         which the Transfer Agent shall be entitled to bill the Trust
         separately.

         The Transfer Agent will bill the Trust annually. The fee provided for
         hereunder shall be paid in cash by the Trust to the Transfer Agent
         within five (5) business days after the last day of each fiscal year.

         Out-of-pocket disbursements shall include, but shall not be limited to,
         the items specified in Schedule B. Reimbursement by the Trust for
         expenses incurred by the Transfer Agent in any month shall be made as
         soon as practicable after the receipt of an itemized bill from the
         Transfer Agent.

         Any compensation jointly agreed to hereunder may be adjusted from time
         to time by attaching to this Agreement a revised Schedule A, dated and
         signed by an officer of each party.

3.       Documents. The Trust will furnish from time to time such certificates,
         documents or opinions as the Transfer Agent deems to be appropriate or
         necessary for the proper performance of its duties.

4. Representations of the Trust and the Transfer Agent.

         (a)      The Trust represents to the Transfer Agent that all
                  outstanding units are validly issued, fully paid and
                  non-assessable by the Trust. When units of each Portfolio are
                  hereafter issued in accordance with the terms of the Trust's
                  Declaration of Trust and its Registration Statement, such
                  units shall be validly issued, fully paid and non-assessable
                  by the Trust.


         (b)      The Transfer Agent represents that it is registered under
                  Section 17A(c) of the Securities Exchange Act of 1934. The
                  Transfer Agent agrees to maintain the necessary facilities,
                  equipment and personnel to perform its duties and obligations
                  under this agreement and to comply with all applicable laws.


<PAGE>



5.       Duties of the Transfer Agent. The Transfer Agent shall be responsible,
         separately and through its subsidiaries or affiliates, for the
         following functions:

         (a)      Sale of Units of the Portfolios.

                  (1)      On receipt of payment, wired instructions and
                           payment, or payment identified as being for the
                           account of a unitholder, the Transfer Agent will
                           deposit the payment, prepare and present the
                           necessary report to the Custodian and record the
                           purchase of units in a timely fashion in accordance
                           with the terms of the Registration Statement. All
                           units shall be held in book entry form and no
                           certificate shall be issued unless the Trust is
                           permitted to do so by the Registration Statement and
                           the purchaser so requests.

                  (2)      On receipt of notice that payment was dishonored, the
                           Transfer Agent shall stop redemptions of all units
                           owned by the purchaser related to that payment and
                           take such other action as it deems appropriate.

         (b)      Redemption of Units. On receipt of instructions to redeem
                  units in accordance with the terms of the Registration
                  Statement, the Transfer Agent will record the redemption of
                  units of the Portfolios, prepare and present the necessary
                  report to the Custodian and pay the proceeds of the redemption
                  to the unitholder, an authorized agent or legal representative
                  upon the receipt of the monies from the Custodian.

         (c)      Transfer or Other Change Pertaining to Units. On receipt of
                  instructions or forms acceptable to the Transfer Agent to
                  transfer the units to the name of a new owner, change the name
                  or address of the present owner or take other legal action,
                  the Transfer Agent will take such action as is requested.

         (d)      Right to Seek  Assurance.  The Transfer  Agent may refuse to
                  transfer, exchange or redeem units of the Portfolios or take
                  any action  requested by a unitholder  until it is satisfied
                  that  the  requested   transaction   or  action  is  legally
                  authorized  or until it is  satisfied  there is no basis for
                  any claims adverse to the transaction or action. It may rely
                  on the provisions of the Uniform Act for the  Simplification
                  of Fiduciary  Security  Transfers or the Uniform  Commercial
                  Code.  The Trust shall  indemnify the Transfer Agent for any
                  act done or omitted to be done in  reliance  on such laws or
                  for refusing to transfer, exchange or redeem units or taking
                  any requested  action if it acts on a good faith belief that
                  the transaction or action is illegal or unauthorized.

         (e)      Unitholder Records, Reports and Services.


<PAGE>



                  (1)      The Transfer Agent shall maintain all unitholder
                           accounts, which shall contain all required tax,
                           legally imposed and regulatory information; shall
                           provide unitholders, and file with federal and state
                           agencies, all required tax and other reports
                           pertaining to unitholder accounts; shall prepare
                           unitholder mailing lists; shall cause to be delivered
                           all required prospectuses, annual reports, semiannual
                           reports, statements of additional information (upon
                           request), proxies and other mailings to unitholders;
                           and shall cause proxies to be tabulated.

                  (2)      The Transfer Agent shall respond to all valid
                           inquiries related to its duties under this Agreement.

                  (3)      The Transfer Agent shall create and maintain all
                           records in accordance with all applicable laws, rules
                           and regulations, including, but not limited to, the
                           records required by Section 31(a) of the Investment
                           Company Act of 1940.

         (f)      Distributions. The Transfer Agent shall prepare and present
                  the necessary report to the Custodian and shall cause to be
                  prepared and transmitted the payment of income dividends and
                  capital gains distributions or cause to be recorded the
                  investment of such dividends and distributions in additional
                  units of the Portfolios or as directed by instructions or
                  forms acceptable to the Transfer Agent.

         (g)      Confirmations and Statements. The Transfer Agent shall confirm
                  each transaction through periodic reports as may be legally
                  permitted.

         (h)      Reports to the Trust. The Transfer Agent will provide reports
                  pertaining to the services provided under this Agreement as
                  the Trust may request to ascertain the quality and level of
                  services being provided or as required by law.

         (i)      Administrative Services. The Transfer Agent, either directly
                  or through affiliates, will provide all administrative,
                  accounting, clerical, statistical, correspondence, corporate
                  and all other services of whatever nature required in
                  connection with the administration of the Trust.

         (j)      Other Duties. The Transfer Agent may perform other duties for
                  additional compensation if agreed to in writing by the parties
                  to this Agreement.

6.       Ownership of Records. The Transfer Agent agrees that all records
         prepared or maintained by it relating to the services to be performed
         by it under the terms of this Agreement are the property of the Trust
         and may be inspected by the Trust or any person retained by the Trust
         at reasonable times.

7.       Action by the Board and Opinion of Counsel. The Transfer Agent may rely
         on resolutions of the Board of Trustees (the "Board") or the Executive
         Committee of the Board and on opinion of counsel for the Trust.


<PAGE>



8.       Duty of Care. It is understood  and agreed that, in furnishing
         the Trust with the services as herein  provided,  neither the Transfer
         Agent, nor any officer,  trustee or agent thereof shall be held liable
         for any loss arising out of or in connection  with their actions under
         this  Agreement  so long  as  they  act in good  faith  and  with  due
         diligence,  and are not negligent or guilty of any willful misconduct.
         It is further  understood  and agreed that the Transfer Agent may rely
         upon  information  furnished to it reasonably  believed to be accurate
         and reliable. In the event the Transfer Agent is unable to perform its
         obligations  under the terms of this  Agreement  because  of an act of
         God, strike or equipment or transmission failure reasonably beyond its
         control,  the  Transfer  Agent  shall  not be liable  for any  damages
         resulting from such failure.

9.       Term and Termination. This Agreement shall become effective on
         the date  first set  forth  above  (the  "Effective  Date")  and shall
         continue  in effect  from year to year  thereafter  as the parties may
         mutually  agree;   provided  that  either  party  may  terminate  this
         Agreement by giving the other party notice in writing  specifying  the
         date of such  termination,  which shall be not less than 60 days after
         the date of receipt of such notice.  In the event such notice is given
         by  the  Trust,  it  shall  be  accompanied  by a vote  of the  Board,
         certified by the  Secretary,  electing to terminate this Agreement and
         designating a successor  transfer agent or transfer agents.  Upon such
         termination  and at the expense of the Trust,  the Transfer Agent will
         deliver to such  successor  a  certified  list of  unitholders  of the
         Portfolios (with name,  address and taxpayer  identification or Social
         Security  number),   a  historical  record  of  the  account  of  each
         unitholder  and the  status  thereof,  and all other  relevant  books,
         records,  correspondence,  and other data established or maintained by
         the  Transfer  Agent  under  this  Agreement  in the  form  reasonably
         acceptable  to the Trust,  and will  cooperate in the transfer of such
         duties and responsibilities,  including provisions for assistance from
         the Transfer Agent's personnel in the establishment of books,  records
         and other data by such successor or successors.

10.      Amendment. This Agreement may not be amended or modified in any manner
         except by a written agreement executed by both parties.

11.      Subcontracting. The Trust agrees that the Transfer Agent may
         subcontract for certain of the services described under this Agreement
         with the understanding that there shall be no diminution in the quality
         or level of the services and that the Transfer Agent remains fully
         responsible for the services. Except for out-of-pocket expenses
         identified in Schedule B, the Transfer Agent shall bear the cost of
         subcontracting such services, unless otherwise agreed by the parties.

12.      Limitations of Liability of the Trustees and Unitholders of Trust

         A copy of the Declaration of Trust, dated October 2, 1995, together
         with all amendments, is on file in the office of the Secretary of State
         of the Commonwealth of Massachusetts. The execution and delivery of
         this Agreement have been authorized by the Trustees and the Agreement
         has been signed by an authorized officer of the Trust. It is expressly
         agreed that the obligations of the Trust under this Agreement shall not
         be binding upon any of the Trustees, unitholders, nominees, officers,
         agents or employees of the Trust, personally, but bind only the assets
         and property of the Trust, as provided in the Declaration of Trust.


<PAGE>



13.      Miscellaneous.

         (a)      This Agreement shall extend to and shall be binding upon the
                  parties hereto, and their respective successors and assigns;
                  provided, however, that this Agreement shall not be assignable
                  without the written consent of the other party.

         (b)      This Agreement shall be governed by the laws of the State of
                  Minnesota.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
by their respective officers as of the day and year written above.


WORLD TRUST
  Emerging Markets Portfolio
  World Growth Portfolio
  World Income Portfolio
  World Technologies Portfolio


By: /s/ Leslie L. Ogg               
         Leslie L. Ogg
         Vice President


AMERICAN EXPRESS CLIENT SERVICE CORPORATION


By: /s/ Barry J. Murphy    
         Barry J. Murphy
         President



<PAGE>



Schedule A


                                   WORLD TRUST

                                       FEE


         The annual fee for services under this agreement is $1 per year for
each Portfolio.




<PAGE>


Schedule B


                             OUT-OF-POCKET EXPENSES

The Trust shall reimburse the Transfer Agent monthly for the following
out-of-pocket expenses:

o        typesetting, printing, paper, envelopes, postage and return postage 
         for proxy soliciting material, and proxy tabulation costs

o        printing, paper, envelopes and postage for dividend notices, dividend
         checks, records of account, purchase confirmations, exchange
         confirmations and exchange prospectuses, redemption confirmations,
         redemption checks, confirmations on changes of address and any other
         communication required to be sent to unitholders

o        typesetting, printing, paper, envelopes and postage for prospectuses,
         annual and semiannual reports, statements of additional information,
         supplements for prospectuses and statements of additional information
         and other required mailings to unitholders

o        stop orders

o        outgoing wire charges

o        other expenses incurred at the request or with the consent of the Trust


<TABLE> <S> <C>

<ARTICLE>6
<SERIES>
  <NUMBER> 1
  <NAME>   EMERGING MARKETS PORTFOLIO
       
<S>                                               <C>
<PERIOD-TYPE>                                     YEAR
<FISCAL-YEAR-END>                                 OCT-31-1998
<PERIOD-END>                                      OCT-31-1998
<INVESTMENTS-AT-COST>                               351239414
<INVESTMENTS-AT-VALUE>                              291628013
<RECEIVABLES>                                         2489941
<ASSETS-OTHER>                                        6304044
<OTHER-ITEMS-ASSETS>                                        0
<TOTAL-ASSETS>                                      300421998
<PAYABLE-FOR-SECURITIES>                              8338800
<SENIOR-LONG-TERM-DEBT>                                     0
<OTHER-ITEMS-LIABILITIES>                             7086325
<TOTAL-LIABILITIES>                                  15425125
<SENIOR-EQUITY>                                             0
<PAID-IN-CAPITAL-COMMON>                                    0
<SHARES-COMMON-STOCK>                                       0
<SHARES-COMMON-PRIOR>                                       0
<ACCUMULATED-NII-CURRENT>                                   0
<OVERDISTRIBUTION-NII>                                      0
<ACCUMULATED-NET-GAINS>                                     0
<OVERDISTRIBUTION-GAINS>                                    0
<ACCUM-APPREC-OR-DEPREC>                                    0
<NET-ASSETS>                                        284996873
<DIVIDEND-INCOME>                                     6721021
<INTEREST-INCOME>                                     3472165
<OTHER-INCOME>                                              0
<EXPENSES-NET>                                        4821617
<NET-INVESTMENT-INCOME>                               5371569
<REALIZED-GAINS-CURRENT>                           (139437993)
<APPREC-INCREASE-CURRENT>                           (10113028)
<NET-CHANGE-FROM-OPS>                              (144179452)
<EQUALIZATION>                                              0
<DISTRIBUTIONS-OF-INCOME>                                   0
<DISTRIBUTIONS-OF-GAINS>                                    0
<DISTRIBUTIONS-OTHER>                                       0
<NUMBER-OF-SHARES-SOLD>                                     0
<NUMBER-OF-SHARES-REDEEMED>                                 0
<SHARES-REINVESTED>                                         0
<NET-CHANGE-IN-ASSETS>                                      0
<ACCUMULATED-NII-PRIOR>                                     0
<ACCUMULATED-GAINS-PRIOR>                                   0
<OVERDISTRIB-NII-PRIOR>                                     0
<OVERDIST-NET-GAINS-PRIOR>                                  0
<GROSS-ADVISORY-FEES>                                 4047093
<INTEREST-EXPENSE>                                          0
<GROSS-EXPENSE>                                       4839102
<AVERAGE-NET-ASSETS>                                371131941
<PER-SHARE-NAV-BEGIN>                                       0
<PER-SHARE-NII>                                             0
<PER-SHARE-GAIN-APPREC>                                     0
<PER-SHARE-DIVIDEND>                                        0
<PER-SHARE-DISTRIBUTIONS>                                   0
<RETURNS-OF-CAPITAL>                                        0
<PER-SHARE-NAV-END>                                         0
<EXPENSE-RATIO>                                             0
<AVG-DEBT-OUTSTANDING>                                      0
<AVG-DEBT-PER-SHARE>                                        0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
  <NUMBER> 2
  <NAME> WORLD GROWTH PORTFOLIO
       
<S>                                                <C>
<PERIOD-TYPE>                                      Year
<FISCAL-YEAR-END>                                  OCT-31-1998
<PERIOD-END>                                       OCT-31-1998
<INVESTMENTS-AT-COST>                               1162863283
<INVESTMENTS-AT-VALUE>                              1311162411
<RECEIVABLES>                                          7784031
<ASSETS-OTHER>                                        23696695
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      1342643137
<PAYABLE-FOR-SECURITIES>                              21452301
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                             41146198
<TOTAL-LIABILITIES>                                   62598499
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                                     0
<SHARES-COMMON-STOCK>                                        0
<SHARES-COMMON-PRIOR>                                        0
<ACCUMULATED-NII-CURRENT>                                    0
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                                     0
<ACCUM-APPREC-OR-DEPREC>                                     0
<NET-ASSETS>                                        1280044638
<DIVIDEND-INCOME>                                     16543133
<INTEREST-INCOME>                                      2961772
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        10034932
<NET-INVESTMENT-INCOME>                                9469973
<REALIZED-GAINS-CURRENT>                              69879530
<APPREC-INCREASE-CURRENT>                          104,617,372
<NET-CHANGE-FROM-OPS>                              183,966,875
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                                    0
<DISTRIBUTIONS-OF-GAINS>                                     0
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                                      0
<NUMBER-OF-SHARES-REDEEMED>                                  0
<SHARES-REINVESTED>                                          0
<NET-CHANGE-IN-ASSETS>                               146928734
<ACCUMULATED-NII-PRIOR>                                      0
<ACCUMULATED-GAINS-PRIOR>                                    0
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
<GROSS-ADVISORY-FEES>                                  9358529
<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                       10043076
<AVERAGE-NET-ASSETS>                                1251319914
<PER-SHARE-NAV-BEGIN>                                        0
<PER-SHARE-NII>                                              0
<PER-SHARE-GAIN-APPREC>                                      0
<PER-SHARE-DIVIDEND>                                         0
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                          0
<EXPENSE-RATIO>                                              0
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
  <NUMBER> 3
  <NAME> WORLD INCOME PORTFOLIO
       
<S>                                                         <C>
<PERIOD-TYPE>                                               YEAR
<FISCAL-YEAR-END>                                           OCT-31-1998
<PERIOD-END>                                                OCT-31-1998
<INVESTMENTS-AT-COST>                                         962683471
<INVESTMENTS-AT-VALUE>                                        980150280
<RECEIVABLES>                                                  40211047
<ASSETS-OTHER>                                                 99484467
<OTHER-ITEMS-ASSETS>                                                  0
<TOTAL-ASSETS>                                               1119845794
<PAYABLE-FOR-SECURITIES>                                        1861664
<SENIOR-LONG-TERM-DEBT>                                               0
<OTHER-ITEMS-LIABILITIES>                                     129606016
<TOTAL-LIABILITIES>                                           131467680
<SENIOR-EQUITY>                                                       0
<PAID-IN-CAPITAL-COMMON>                                              0
<SHARES-COMMON-STOCK>                                                 0
<SHARES-COMMON-PRIOR>                                                 0
<ACCUMULATED-NII-CURRENT>                                             0
<OVERDISTRIBUTION-NII>                                                0
<ACCUMULATED-NET-GAINS>                                               0
<OVERDISTRIBUTION-GAINS>                                              0
<ACCUM-APPREC-OR-DEPREC>                                              0
<NET-ASSETS>                                                  988378114
<DIVIDEND-INCOME>                                                390650
<INTEREST-INCOME>                                              68216615
<OTHER-INCOME>                                                        0
<EXPENSES-NET>                                                  7553571
<NET-INVESTMENT-INCOME>                                        61053694
<REALIZED-GAINS-CURRENT>                                      (12436385)
<APPREC-INCREASE-CURRENT>                                       3660313
<NET-CHANGE-FROM-OPS>                                          52277622
<EQUALIZATION>                                                        0
<DISTRIBUTIONS-OF-INCOME>                                             0
<DISTRIBUTIONS-OF-GAINS>                                              0
<DISTRIBUTIONS-OTHER>                                                 0
<NUMBER-OF-SHARES-SOLD>                                               0
<NUMBER-OF-SHARES-REDEEMED>                                           0
<SHARES-REINVESTED>                                                   0
<NET-CHANGE-IN-ASSETS>                                          3124314
<ACCUMULATED-NII-PRIOR>                                               0
<ACCUMULATED-GAINS-PRIOR>                                             0
<OVERDISTRIB-NII-PRIOR>                                               0
<OVERDIST-NET-GAINS-PRIOR>                                            0
<GROSS-ADVISORY-FEES>                                           7213154
<INTEREST-EXPENSE>                                                    0
<GROSS-EXPENSE>                                                 7561682
<AVERAGE-NET-ASSETS>                                          986759198
<PER-SHARE-NAV-BEGIN>                                                 0
<PER-SHARE-NII>                                                       0
<PER-SHARE-GAIN-APPREC>                                               0
<PER-SHARE-DIVIDEND>                                                  0
<PER-SHARE-DISTRIBUTIONS>                                             0
<RETURNS-OF-CAPITAL>                                                  0
<PER-SHARE-NAV-END>                                                   0
<EXPENSE-RATIO>                                                       0
<AVG-DEBT-OUTSTANDING>                                                0
<AVG-DEBT-PER-SHARE>                                                  0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 4
   <NAME> WORLD TECHNOLOGIES PORTFOLIO
       
<S>                                                        <C>
<PERIOD-TYPE>                                              YEAR
<FISCAL-YEAR-END>                                          OCT-31-1998
<PERIOD-END>                                               OCT-31-1998
<INVESTMENTS-AT-COST>                                          3514743
<INVESTMENTS-AT-VALUE>                                         4343069
<RECEIVABLES>                                                   144085
<ASSETS-OTHER>                                                   60100
<OTHER-ITEMS-ASSETS>                                                 0
<TOTAL-ASSETS>                                                 4547254
<PAYABLE-FOR-SECURITIES>                                        168500
<SENIOR-LONG-TERM-DEBT>                                              0
<OTHER-ITEMS-LIABILITIES>                                        20856
<TOTAL-LIABILITIES>                                             189356
<SENIOR-EQUITY>                                                      0
<PAID-IN-CAPITAL-COMMON>                                             0
<SHARES-COMMON-STOCK>                                                0
<SHARES-COMMON-PRIOR>                                                0
<ACCUMULATED-NII-CURRENT>                                            0
<OVERDISTRIBUTION-NII>                                               0
<ACCUMULATED-NET-GAINS>                                              0
<OVERDISTRIBUTION-GAINS>                                             0
<ACCUM-APPREC-OR-DEPREC>                                             0
<NET-ASSETS>                                                   4357898
<DIVIDEND-INCOME>                                                 1720
<INTEREST-INCOME>                                                    4
<OTHER-INCOME>                                                       0
<EXPENSES-NET>                                                   58069
<NET-INVESTMENT-INCOME>                                         (56345)
<REALIZED-GAINS-CURRENT>                                       (112973)
<APPREC-INCREASE-CURRENT>                                       288162
<NET-CHANGE-FROM-OPS>                                           118844
<EQUALIZATION>                                                       0
<DISTRIBUTIONS-OF-INCOME>                                            0
<DISTRIBUTIONS-OF-GAINS>                                             0
<DISTRIBUTIONS-OTHER>                                                0
<NUMBER-OF-SHARES-SOLD>                                              0
<NUMBER-OF-SHARES-REDEEMED>                                          0
<SHARES-REINVESTED>                                                  0
<NET-CHANGE-IN-ASSETS>                                          118844
<ACCUMULATED-NII-PRIOR>                                              0
<ACCUMULATED-GAINS-PRIOR>                                            0
<OVERDISTRIB-NII-PRIOR>                                              0
<OVERDIST-NET-GAINS-PRIOR>                                           0
<GROSS-ADVISORY-FEES>                                            32945
<INTEREST-EXPENSE>                                                   0
<GROSS-EXPENSE>                                                  61962
<AVERAGE-NET-ASSETS>                                           4588224
<PER-SHARE-NAV-BEGIN>                                                0
<PER-SHARE-NII>                                                      0
<PER-SHARE-GAIN-APPREC>                                              0
<PER-SHARE-DIVIDEND>                                                 0
<PER-SHARE-DISTRIBUTIONS>                                            0
<RETURNS-OF-CAPITAL>                                                 0
<PER-SHARE-NAV-END>                                                  0
<EXPENSE-RATIO>                                                      0
<AVG-DEBT-OUTSTANDING>                                               0
<AVG-DEBT-PER-SHARE>                                                 0
        

</TABLE>


                           TRUSTEES POWER OF ATTORNEY

City of Minneapolis

State of Minnesota

         Each of the undersigned, as trustees of the below listed open-end,
diversified investment companies that previously have filed registration
statements and amendments thereto pursuant to the requirements of the Investment
Company Act of 1940 with the Securities and Exchange Commission:

                                                     1940 Act
                                                     Reg. Number

         Growth Trust                                811-07395
         Growth and Income Trust                     811-07393
         Income Trust                                811-07307
         Tax-Free Income Trust                       811-07397
         World Trust                                 811-07399

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 any and all further amendments to said
registration statements filed pursuant to said Act and any rules and regulations
thereunder, and to file such amendments with all exhibits thereto and other
documents in connection therewith with 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 7th day of January, 1998.


/s/  H. Brewster Atwater, Jr.                        /s/  William R. Pearce    
     H. Brewster Atwater, Jr.                             William R. Pearce

/s/  Lynne V. Cheney                                 /s/  Alan K. Simpson      
     Lynne V. Cheney                                      Alan K. Simpson

/s/  William H. Dudley                               /s/  Edson W. Spencer     
     William H. Dudley                                    Edson W. Spencer

/s/  David R. Hubers                                 /s/  John R. Thomas       
     David R. Hubers                                      John R. Thomas

/s/  Heinz F. Hutter                                 /s/  Wheelock Whitney     
     Heinz F. Hutter                                      Wheelock Whitney

/s/  Anne P. Jones                                   /s/  C. Angus Wurtele     
     Anne P. Jones                                        C. Angus Wurtele


                            OFFICER POWER OF ATTORNEY


City of Minneapolis

State of Minnesota

         The undersigned, as officer of the below listed open-end, diversified
investment companies that previously have filed registration statements and
amendments thereto pursuant to the requirements of the Investment Company Act of
1940 with the Securities and Exchange Commission:

                                    Growth Trust
                             Growth and Income Trust
                                    Income Trust
                              Tax-Free Income Trust
                                    World Trust

hereby constitutes and appoints William R. Pearce and Leslie L. Ogg or either
one of them, as his attorney-in-fact and agent, to sign for him in his name,
place and stead, as an officer, any and all further amendments to said
registration statements filed pursuant to said Act and any rules and regulations
thereunder, and to file such amendments with all exhibits thereto and other
documents in connection therewith with the Securities and Exchange Commission,
granting him the full power and authority to do and perform each and every act
required and necessary to be done in connection therewith.

         Dated the 24th day of November, 1998.


/s/  Stuart A. Sedlacek
     Stuart A. Sedlacek


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