Notice of Applications for Deregistration Under Section 8(f) of the Investment Company Act of 1940

Riepilogo

Applicant seeks an order declaring that it has ceased to be an investment company. On June 25, 2004, applicant transferred its assets to a corresponding series of AXP Partners Series, Inc., based on net asset value. Expenses of $38,308 incurred in connection with the reorganization were paid by American Express Financial Corporation, applicant's investment adviser. Filing Date: The application was filed on September 2, 2004. Applicant's Address: 901 Marquette Ave. S, Suite 2810, Minneapolis, MN 55402-3268.