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049 000400 N
050 000400 N
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052 000400 N
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066 A000400 Y
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<PAGE> PAGE 21
070 K010400 Y
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<PAGE> PAGE 22
072DD020400 0
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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
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<NAME> TOTAL RETURN PORTFOLIO
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<TABLE> <S> <C>
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SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS INVESTMENT SERIES, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 368,478,574.340 56.039% 98.584%
Withhold 5,292,320.373 .805% 1.416%
TOTAL 373,770,894.713 56.844% 100.000%
Arne H. Carlson
Affirmative 367,929,257.454 55.956% 98.437%
Withhold 5,841,637.259 .888% 1.563%
TOTAL 373,770,894.713 56.844% 100.000%
Lynne V. Cheney
Affirmative 368,275,585.756 56.008% 98.530%
Withhold 5,495,308.957 .836% 1.470%
TOTAL 373,770,894.713 56.844% 100.000%
William H. Dudley
Affirmative 368,507,449.571 56.044% 98.592%
Withhold 5,263,445.142 .800% 1.408%
TOTAL 373,770,894.713 56.844% 100.000%
David R. Hubers
Affirmative 368,564,735.186 56.052% 98.607%
Withhold 5,206,159.527 .792% 1.393%
TOTAL 373,770,894.713 56.844% 100.000%
Heinz F. Hutter
Affirmative 368,433,586.519 56.032% 98.572%
Withhold 5,337,308.194 .812% 1.428%
TOTAL 373,770,894.713 56.844% 100.000%
Anne P. Jones
Affirmative 368,453,329.065 56.035% 98.577%
Withhold 5,317,565.648 .809% 1.423%
TOTAL 373,770,894.713 56.844% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS INVESTMENT SERIES, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 368,316,410.341 56.015% 98.541%
Withhold 5,454,484.372 .829% 1.459%
TOTAL 373,770,894.713 56.844% 100.000%
Alan K. Simpson
Affirmative 368,172,024.874 55.993% 98.502%
Withhold 5,598,869.839 .851% 1.498%
TOTAL 373,770,894.713 56.844% 100.000%
John R. Thomas
Affirmative 368,518,153.069 56.045% 98.595%
Withhold 5,252,741.644 .799% 1.405%
TOTAL 373,770,894.713 56.844% 100.000%
C. Angus Wurtele
Affirmative 368,476,549.705 56.039% 98.584%
Withhold 5,294,345.008 .805% 1.416%
TOTAL 373,770,894.713 56.844% 100.000%
2. Ratify the selection of independent auditors
Affirmative 363,996,506.311 55.358% 97.385%
Against 3,976,447.800 .604% 1.064%
Abstain 5,797,940.602 .882% 1.551%
TOTAL 373,770,894.713 56.844% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 332,311,958.202 50.539% 88.908%
Against 30,856,016.993 4.693% 8.255%
Abstain 10,602,919.518 1.612% 2.837%
TOTAL 373,770,894.713 56.844% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS INVESTMENT SERIES, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 657,537,533.632
VOTED SHARES 373,770,894.713
PERCENT VOTED 56.844%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 150,153,733.214 53.855% 98.464%
Withhold 2,342,380.181 .840% 1.536%
TOTAL 152,496,113.395 54.695% 100.000%
Arne H. Carlson
Affirmative 149,889,829.779 53.760% 98.291%
Withhold 2,606,283.616 .935% 1.709%
TOTAL 152,496,113.395 54.695% 100.000%
Lynne V. Cheney
Affirmative 150,103,835.595 53.837% 98.431%
Withhold 2,392,277.800 .858% 1.569%
TOTAL 152,496,113.395 54.695% 100.000%
William H. Dudley
Affirmative 150,169,865.078 53.861% 98.475%
Withhold 2,326,248.317 .834% 1.525%
TOTAL 152,496,113.395 54.695% 100.000%
David R. Hubers
Affirmative 150,238,098.244 53.885% 98.519%
Withhold 2,258,015.151 .810% 1.481%
TOTAL 152,496,113.395 54.695% 100.000%
Heinz F. Hutter
Affirmative 150,135,543.665 53.848% 98.452%
Withhold 2,360,569.730 .847% 1.548%
TOTAL 152,496,113.395 54.695% 100.000%
Anne P. Jones
Affirmative 150,190,884.705 53.868% 98.488%
Withhold 2,305,228.690 .827% 1.512%
TOTAL 152,496,113.395 54.695% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 150,078,145.697 53.828% 98.414%
Withhold 2,417,967.698 .867% 1.586%
TOTAL 152,496,113.395 54.695% 100.000%
Alan K. Simpson
Affirmative 150,037,037.113 53.813% 98.387%
Withhold 2,459,076.282 .882% 1.613%
TOTAL 152,496,113.395 54.695% 100.000%
John R. Thomas
Affirmative 150,222,885.111 53.880% 98.509%
Withhold 2,273,228.284 .815% 1.491%
TOTAL 152,496,113.395 54.695% 100.000%
C. Angus Wurtele
Affirmative 150,166,900.858 53.860% 98.473%
Withhold 2,329,212.537 .835% 1.527%
TOTAL 152,496,113.395 54.695% 100.000%
2. Ratify the selection of independent auditors
Affirmative 148,303,112.619 53.191% 97.250%
Against 1,618,854.755 .581% 1.062%
Abstain 2,574,146.021 .923% 1.688%
TOTAL 152,496,113.395 54.695% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 139,414,215.992 50.003% 91.421%
Against 10,097,118.888 3.622% 6.622%
Abstain 2,984,778.515 1.070% 1.957%
TOTAL 152,496,113.395 54.695% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
5. Approve changes to the Investment Management Services
Agreement
Affirmative 134,755,505.762 48.332% 89.604%
Against 10,333,102.018 3.706% 6.871%
Abstain 5,301,420.615 1.902% 3.525%
TOTAL 150,390,028.395 53.940% 100.000%
Not Voting 2,106,085.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 278,811,315.231
VOTED SHARES 152,496,113.395
PERCENT VOTED 54.695%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 29,647,766.056 46.755% 90.324%
Against 2,139,079.842 3.373% 6.517%
Abstain 1,036,965.950 1.636% 3.159%
TOTAL 32,823,811.848 51.764% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 63,410,927.440
VOTED SHARES 32,823,811.848
PERCENT VOTED 51.764%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 133,656,299.692 48.321% 89.519%
Against 10,763,627.788 3.891% 7.209%
Abstain 4,884,669.296 1.766% 3.272%
TOTAL 149,304,596.776 53.978% 100.000%
Not Voting 2,106,085.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS DIVERSIFIED EQUITY INCOME FUND CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 276,603,217.095
VOTED SHARES 151,410,681.776
PERCENT VOTED 54.739%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS MUTUAL
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 218,324,841.126 57.647% 98.667%
Withhold 2,949,940.192 .779% 1.333%
TOTAL 221,274,781.318 58.426% 100.000%
Arne H. Carlson
Affirmative 218,039,427.675 57.572% 98.538%
Withhold 3,235,353.643 .854% 1.462%
TOTAL 221,274,781.318 58.426% 100.000%
Lynne V. Cheney
Affirmative 218,171,750.161 57.607% 98.598%
Withhold 3,103,031.157 .819% 1.402%
TOTAL 221,274,781.318 58.426% 100.000%
William H. Dudley
Affirmative 218,337,584.493 57.651% 98.673%
Withhold 2,937,196.825 .775% 1.327%
TOTAL 221,274,781.318 58.426% 100.000%
David R. Hubers
Affirmative 218,326,636.942 57.648% 98.668%
Withhold 2,948,144.376 .778% 1.332%
TOTAL 221,274,781.318 58.426% 100.000%
Heinz F. Hutter
Affirmative 218,298,042.854 57.640% 98.655%
Withhold 2,976,738.464 .786% 1.345%
TOTAL 221,274,781.318 58.426% 100.000%
Anne P. Jones
Affirmative 218,262,444.360 57.631% 98.639%
Withhold 3,012,336.958 .795% 1.361%
TOTAL 221,274,781.318 58.426% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MUTUAL
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 218,238,264.644 57.624% 98.628%
Withhold 3,036,516.674 .802% 1.372%
TOTAL 221,274,781.318 58.426% 100.000%
Alan K. Simpson
Affirmative 218,134,987.761 57.597% 98.581%
Withhold 3,139,793.557 .829% 1.419%
TOTAL 221,274,781.318 58.426% 100.000%
John R. Thomas
Affirmative 218,295,267.958 57.639% 98.653%
Withhold 2,979,513.360 .787% 1.347%
TOTAL 221,274,781.318 58.426% 100.000%
C. Angus Wurtele
Affirmative 218,309,648.847 57.643% 98.660%
Withhold 2,965,132.471 .783% 1.340%
TOTAL 221,274,781.318 58.426% 100.000%
2. Ratify the selection of independent auditors
Affirmative 215,693,393.692 56.952% 97.478%
Against 2,357,593.045 .623% 1.065%
Abstain 3,223,794.581 .851% 1.457%
TOTAL 221,274,781.318 58.426% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 192,897,742.210 50.933% 87.176%
Against 20,758,898.105 5.482% 9.381%
Abstain 7,618,141.003 2.011% 3.443%
TOTAL 221,274,781.318 58.426% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS MUTUAL
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 202,149,916.667 53.376% 91.614%
Against 9,681,042.456 2.556% 4.388%
Abstain 8,822,266.195 2.330% 3.998%
TOTAL 220,653,225.318 58.262% 100.000%
Not Voting 621,556.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS MUTUAL
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 378,726,218.401
VOTED SHARES 221,274,781.318
PERCENT VOTED 58.426%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS MUTUAL CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 16,025,951.359 48.238% 90.141%
Against 1,175,212.583 3.537% 6.610%
Abstain 577,574.800 1.739% 3.249%
TOTAL 17,778,738.742 53.514% 100.000%
Not Voting 1,037.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MUTUAL CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 33,222,689.562
VOTED SHARES 17,779,775.742
PERCENT VOTED 53.517%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS MUTUAL CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 144,185,182.405 51.233% 88.856%
Against 11,961,948.415 4.251% 7.372%
Abstain 6,121,169.418 2.175% 3.772%
TOTAL 162,268,300.238 57.659% 100.000%
Not Voting 613,371.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MUTUAL CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 281,428,684.538
VOTED SHARES 162,881,671.238
PERCENT VOTED 57.877%
IDS FUNDS
IDS MANAGED ALLOCATION FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 127,957,844.354 51.766% 98.033%
Withhold 2,567,745.511 1.038% 1.967%
TOTAL 130,525,589.865 52.804% 100.000%
Arne H. Carlson
Affirmative 127,690,662.201 51.658% 97.828%
Withhold 2,834,927.664 1.146% 2.172%
TOTAL 130,525,589.865 52.804% 100.000%
Lynne V. Cheney
Affirmative 127,856,433.627 51.725% 97.955%
Withhold 2,669,156.238 1.079% 2.045%
TOTAL 130,525,589.865 52.804% 100.000%
William H. Dudley
Affirmative 127,962,807.310 51.768% 98.037%
Withhold 2,562,782.555 1.036% 1.963%
TOTAL 130,525,589.865 52.804% 100.000%
David R. Hubers
Affirmative 127,992,936.483 51.780% 98.060%
Withhold 2,532,653.382 1.024% 1.940%
TOTAL 130,525,589.865 52.804% 100.000%
Heinz F. Hutter
Affirmative 127,910,681.352 51.747% 97.997%
Withhold 2,614,908.513 1.057% 2.003%
TOTAL 130,525,589.865 52.804% 100.000%
Anne P. Jones
Affirmative 127,903,957.825 51.744% 97.991%
Withhold 2,621,632.040 1.060% 2.009%
TOTAL 130,525,589.865 52.804% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MANAGED ALLOCATION FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 127,869,216.608 51.730% 97.965%
Withhold 2,656,373.257 1.074% 2.035%
TOTAL 130,525,589.865 52.804% 100.000%
Alan K. Simpson
Affirmative 127,805,209.351 51.704% 97.916%
Withhold 2,720,380.514 1.100% 2.084%
TOTAL 130,525,589.865 52.804% 100.000%
John R. Thomas
Affirmative 127,980,392.608 51.775% 98.050%
Withhold 2,545,197.257 1.029% 1.950%
TOTAL 130,525,589.865 52.804% 100.000%
C. Angus Wurtele
Affirmative 127,925,150.945 51.752% 98.008%
Withhold 2,600,438.920 1.052% 1.992%
TOTAL 130,525,589.865 52.804% 100.000%
2. Ratify the selection of independent auditors
Affirmative 126,755,540.908 51.279% 97.112%
Against 1,541,339.304 .624% 1.181%
Abstain 2,228,709.653 .901% 1.707%
TOTAL 130,525,589.865 52.804% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 117,784,009.812 47.650% 90.238%
Against 10,167,065.696 4.113% 7.790%
Abstain 2,574,514.357 1.041% 1.972%
TOTAL 130,525,589.865 52.804% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS MANAGED ALLOCATION FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 119,576,577.627 48.375% 91.969%
Against 5,566,729.964 2.252% 4.282%
Abstain 4,874,864.274 1.972% 3.749%
TOTAL 130,018,171.865 52.599% 100.000%
Not Voting 507,418.000
6.2 Senior securities
Affirmative 119,561,396.021 48.369% 91.957%
Against 5,503,634.284 2.226% 4.233%
Abstain 4,953,141.560 2.004% 3.810%
TOTAL 130,018,171.865 52.599% 100.000%
Not Voting 507,418.000
7. Approve a Subadvisory Agreement
Affirmative 118,746,949.823 48.039% 90.976%
Against 5,984,314.306 2.421% 4.585%
Abstain 5,794,325.736 2.344% 4.439%
TOTAL 130,525,589.865 52.804% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS MANAGED ALLOCATION FUND
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 247,186,867.749
VOTED SHARES 130,525,589.865
PERCENT VOTED 52.804%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS MANAGED ALLOCATION FUND CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 11,362,825.780 46.038% 90.450%
Against 764,032.017 3.096% 6.082%
Abstain 435,647.447 1.765% 3.468%
TOTAL 12,562,505.244 50.899% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MANAGED ALLOCATION FUND CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 24,681,393.468
VOTED SHARES 12,562,505.244
PERCENT VOTED 50.899%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS MANAGED ALLOCATION FUND CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 112,029,345.119 47.212% 88.784%
Against 9,761,672.369 4.113% 7.736%
Abstain 4,391,016.196 1.851% 3.480%
TOTAL 126,182,033.684 53.176% 100.000%
Not Voting 507,406.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS MANAGED ALLOCATION FUND CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 237,292,207.280
VOTED SHARES 126,689,439.684
PERCENT VOTED 53.390%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS STOCK FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
1. Election of Board members.
H. Brewster Atwater, Jr.
Affirmative 107,247,942.142 60.719% 98.755%
Withhold 1,352,511.190 .766% 1.245%
TOTAL 108,600,453.332 61.485% 100.000%
Arne H. Carlson
Affirmative 107,025,072.069 60.593% 98.549%
Withhold 1,575,381.263 .892% 1.451%
TOTAL 108,600,453.332 61.485% 100.000%
Lynne V. Cheney
Affirmative 107,207,695.837 60.696% 98.718%
Withhold 1,392,757.495 .789% 1.282%
TOTAL 108,600,453.332 61.485% 100.000%
William H. Dudley
Affirmative 107,247,785.885 60.719% 98.754%
Withhold 1,352,667.447 .766% 1.246%
TOTAL 108,600,453.332 61.485% 100.000%
David R. Hubers
Affirmative 107,270,543.947 60.732% 98.775%
Withhold 1,329,909.385 .753% 1.225%
TOTAL 108,600,453.332 61.485% 100.000%
Heinz F. Hutter
Affirmative 107,225,169.804 60.706% 98.734%
Withhold 1,375,283.528 .779% 1.266%
TOTAL 108,600,453.332 61.485% 100.000%
Anne P. Jones
Affirmative 107,238,764.839 60.714% 98.746%
Withhold 1,361,688.493 .771% 1.254%
TOTAL 108,600,453.332 61.485% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS STOCK FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
William R. Pearce
Affirmative 107,197,208.470 60.690% 98.708%
Withhold 1,403,244.862 .795% 1.292%
TOTAL 108,600,453.332 61.485% 100.000%
Alan K. Simpson
Affirmative 107,111,674.469 60.642% 98.629%
Withhold 1,488,778.863 .843% 1.371%
TOTAL 108,600,453.332 61.485% 100.000%
John R. Thomas
Affirmative 107,268,216.506 60.731% 98.773%
Withhold 1,332,236.826 .754% 1.227%
TOTAL 108,600,453.332 61.485% 100.000%
C. Angus Wurtele
Affirmative 107,220,105.251 60.703% 98.729%
Withhold 1,380,348.081 .782% 1.271%
TOTAL 108,600,453.332 61.485% 100.000%
2. Ratify the selection of independent auditors
Affirmative 106,695,380.570 60.406% 98.246%
Against 820,250.422 .465% .755%
Abstain 1,084,822.340 .614% .999%
TOTAL 108,600,453.332 61.485% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 93,920,445.494 53.174% 86.483%
Against 10,749,465.110 6.086% 9.898%
Abstain 3,930,542.728 2.225% 3.619%
TOTAL 108,600,453.332 61.485% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 3
IDS FUNDS
IDS STOCK FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 100,276,929.413 56.772% 92.649%
Against 4,073,919.575 2.307% 3.764%
Abstain 3,881,991.344 2.198% 3.587%
TOTAL 108,232,840.332 61.277% 100.000%
Not Voting 367,613.000
6.4 Other investment companies
Affirmative 100,276,963.703 56.772% 92.649%
Against 4,016,304.540 2.274% 3.711%
Abstain 3,939,572.089 2.231% 3.640%
TOTAL 108,232,840.332 61.277% 100.000%
Not Voting 367,613.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 4
IDS FUNDS
IDS STOCK FUND, INC.
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 176,629,688.117
VOTED SHARES 108,600,453.332
PERCENT VOTED 61.485%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS STOCK FUND, INC. CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 6,029,869.685 47.273% 89.742%
Against 483,816.959 3.793% 7.201%
Abstain 205,414.704 1.610% 3.057%
TOTAL 6,719,101.348 52.676% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS STOCK FUND, INC. CLASS B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 12,755,525.409
VOTED SHARES 6,719,101.348
PERCENT VOTED 52.676%
SHAREHOLDER RESPONSE SUMMARY REPORT Page 1
IDS FUNDS
IDS STOCK FUND, INC. CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
4. Approve a new shareholder service and distribution plan
Affirmative 68,114,448.221 50.666% 88.198%
Against 6,291,751.266 4.681% 8.147%
Abstain 2,823,102.787 2.099% 3.655%
TOTAL 77,229,302.274 57.446% 100.000%
Not Voting 367,613.000
SHAREHOLDER RESPONSE SUMMARY REPORT Page 2
IDS FUNDS
IDS STOCK FUND, INC. CLASSES A & B
June 30, 1999
% of Outstanding % of Shares
No. of Shares Shares Voted
--------------- ---------------- ----------------
** FUND TOTALS: SHARES
RECORD TOTAL 134,437,015.893
VOTED SHARES 77,596,915.274
PERCENT VOTED 57.720%
EXHIBIT 77D
for Growth & Income Trust
At Board of Trustees meetings held on
October 7-8, 1998, the following
investment policies were eliminated:
For all Portfolios --
The Portfolio will not pledge or
mortgage its assets beyond 15% of total assets.
The Portfolio will not invest more
than 5% of its total assets in securities
of companies, including any
predecessors, that have a record
of less than three years continuous operations.
The Portfolio will not invest more
than 5% of its net assets in warrants.
The Portfolio will not invest in exploration
or development programs, such
as oil, gas or mineral leases.
For Equity Income Portfolio only
The Portfolio will not purchase
securities of an issuer if the board
members and officers of the Fund,
the Portfolio and the Advisor hold
more than a certain percentage
of the issuer's outstanding securities.
If the holdings of all board members
and officers of the Fund, the Portfolio
and the Advisor who own more than
0.5% of an issuer's securities are
added together, and if in total they
own more than 5%, the Portfolio will
not purchase securities of that issuer.
Independent Auditors' Report
on Internal Accounting Control
The Board of Directors and Shareholders
Growth and Income Trust:
In planning and performing our audit of the financial statements of
Equity Income Portfolio, Total Return Portfolio, Balanced Portfolio,
and Equity Portfolio (portfolios within Growth and Income Trust)
for the year ended September 30, 1999, we considered their
internal control, including control activities for safeguarding
securities, in order to determine our auditing procedures for
the purpose of expressing our opinion on the financial
statements and to comply with the requirements of Form N-SAR,
not to provide assurance on the internal control.
The management of Growth and Income Trust is responsible for
establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented
in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the
design or operation of one or more of the internal
control components does not reduce to a relatively low
level the risk that errors or irregularities in amounts
that would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal course
of performing their assigned functions. However, we
noted no matters involving the internal control and
its operation, including controls for safeguarding securities,
that we consider to be a material weakness as defined above.
This report is intended solely for the information and use
of management, the Board of Directors of Growth and Income Trust,
and the Securities and Exchange Commission and is not intended to be
and should not be used by anyone other than these specified parties.
KPMG LLP
Minneapolis, Minnesota
November 5, 1999
