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Shareholder Service Agreement
This agreement is between IDS Global Series, Inc. (the
"Corporation"), on behalf of its underlying series funds, and
American Express Financial Advisors Inc., the principal underwriter
of the Corporation, for services to be provided to shareholders by
personal financial advisors and other servicing agents. It is
effective on the first day the Corporation offers multiple classes
of shares.
American Express Financial Advisors represents that shareholders
consider their financial advisor or servicing agent a significant
factor in their satisfaction with their investment and, to help
retain financial advisors or servicing agents, it is necessary for
the Corporation to pay annual servicing fees to financial advisors
and other servicing agents.
American Express Financial Advisors represents that fees paid to
financial advisors will be used by financial advisors to help
shareholders thoughtfully consider their investment goals and
objectively monitor how well the goals are being achieved. As
principal underwriter, American Express Financial Advisors will use
its best efforts to assure that other distributors provide
comparable services to shareholders for the servicing fees
received.
American Express Financial Advisors agrees to monitor the services
provided by financial advisors and servicing agents, to measure the
level and quality of services provided, to provide training and
support to financial advisors and servicing agents and to devise
methods for rewarding financial advisors and servicing agents who
achieve an exemplary level and quality of services.
The Corporation agrees to pay American Express financial advisors
and other servicing agents 0.15 percent of the net asset value for
each shareholder account assigned to a financial advisor or
servicing agent that holds either Class A or Class B shares. In
addition, the Corporation agrees to pay American Express Financial
Advisors' costs to monitor, measure, train and support services
provided by financial advisors or servicing agents up to 0.025
percent of the net asset value for each shareholder account
assigned to a financial advisor or servicing agent that holds
either Class A or Class B shares. The Corporation agrees to pay
American Express Financial Advisors in cash within five (5)
business days after the last day of each month.
American Express Financial Advisors agrees to provide the
Corporation, prior to the beginning of the calendar year, a budget
covering its expected costs to monitor, measure, train and support
services and a quarterly report of its actual expenditures.
American Express Financial Advisors agrees to meet with
representatives of the Corporation at their request to provide
information as may be reasonably necessary to evaluate its
performance under the terms of this agreement.
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American Express Financial Advisors agrees that if, at the end of
any month, the expenses of the Corporation, including fees under
this agreement and any other agreement between the Corporation and
American Express Financial Advisors or American Express Financial
Corporation, but excluding taxes, brokerage commissions and charges
in connection with the purchase and sale of assets exceed the most
restrictive applicable state expense limitation for the
Corporation's current fiscal year, the Corporation shall not pay
fees and expenses under this agreement to the extent necessary to
keep the Corporation's expenses from exceeding the limitation, it
being understood that American Express Financial Advisors will
assume all unpaid expenses and xxxx the Corporation for them in
subsequent months but in no event can the accumulation of unpaid
expenses or billing be carried past the end of the Corporation's
fiscal year.
This agreement shall continue in effect for a period of more than
one year so long as it is reapproved at least annually at a meeting
called for the purpose of voting on the agreement by a vote, in
person, of the members of the Board who are not interested persons
of the Corporation and have no financial interest in the operation
of the agreement, and of all the members of the Board.
This agreement may be terminated at any time without payment of any
penalty by a vote of a majority of the members of the Board who are
not interested persons of the Corporation and have no financial
interest in the operation of the agreement or by American Express
Financial Advisors. The agreement will terminate automatically in
the event of its assignment as that term is defined in the
Investment Company Act of 1940. This agreement may be amended at
any time provided the amendment is approved in the same manner the
agreement was initially approved and the amendment is agreed to by
American Express Financial Advisors.
Approved this 20th day of March, 1995.
IDS GLOBAL SERIES, INC.
IDS Global Bond Fund
IDS Global Growth Fund
/s/ Xxxxxx X. Xxx
Xxxxxx X. Xxx
Vice President
AMERICAN EXPRESS FINANCIAL ADVISORS INC.
/s/ Xxxxx X. Xxxxxx
Xxxxx X. Xxxxxx
Vice President
