SHAREHOLDER RESPONSE SUMMARY REPORT Page: 1
STRATEGIST FUND GROUP
STRATEGIST TAX-FREE HIGH YIELD FUND (015)
Tuesday, May 09, 2000
% of Outstanding % of Shares
No. of Shares Shares Voted
1. Approve the Agreement and Plan of Reorganization between the Strategist
Fund and the AXP Fund providing for the acquisition of all assets of the
Strategist Fund by the AXP Fund in exchange for Class A shares of the AXP
Fund and assumption by the AXP Fund of the liabilities of the Strategist
Fund, to be followed by distribution of those Class A shares to the
shareholders of the Strategist Fund and the subsequent termination of the
Strategist Fund.
Affirmative 163,894.651 93.311% 100.000%
Against 0.000 0.000% 0.000%
Abstain 0.000 0.000% 0.000%
Total 163,894.651 93.311% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT Page: 2
STRATEGIST FUND GROUP
STRATEGIST TAX-FREE HIGH YIELD FUND (015)
Tuesday, May 09, 2000
% of Outstanding % of Shares
No. of Shares Shares Voted
** Fund Totals: Shares
Record Total 175,643.737
Voted Shares 163,894.651
Percent Voted 93.311%
