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Thursday, June 17, 1999 IDS Funds Now AXP Shareholders of American Express Funds approved the proposed name change of the IDS fund family's funds to American Express Funds and the IDS Life variable annuities to American Express Variable Portfolio Funds. Individual funds will be named AXP Growth or AXP Income or AXP Rotating Hybrid Sub-Sector Focused Funds, etc.
"I am delighted that the fund shareholders have approved the adoption of the 'American Express' name," said Anne Carlson, chairman and ceo of American Express Funds. "Many publications already list the funds under the American Express banner. This change will provide for more consistent communication, which is a benefit for shareholders." Printed from: MFWire.com/story.asp?s=24997 Copyright 1999, InvestmentWires, Inc. All Rights Reserved |