PAGE 1
Plan and Agreement of Distribution
This plan and 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 distribution services to the Corporation.
It is effective on the first day the Corporation offers multiple
classes of shares.
The plan and agreement has been approved by members of the Board of
Directors (the "Board") of the Corporation who are not interested
persons of the Corporation and have no direct or indirect financial
interest in the operation of the plan or any related agreement, and
all of the members of the Board, in person, at a meeting called for
the purpose of voting on the plan and agreement.
The plan and agreement provides that:
1. The Corporation will reimburse American Express Financial
Advisors for all sales and promotional expenses attributable to the
sale of Class B shares, including sales commissions, business and
employee expenses charged to distribution of Class B shares, and
corporate overhead appropriately allocated to the sale of Class B
shares.
2. The amount of the reimbursement shall be equal on an annual
basis to 0.75% of the average daily net assets of the Corporation
attributable to Class B shares. The amount so determined shall be
paid to American Express Financial Advisors in cash within five (5)
business days after the last day of each month. 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.
3. For each purchase of Class B shares, after eight years the
Class B shares will be converted to Class A shares and those assets
will no longer be included in determining the reimbursement amount.
4. The Corporation understands that if a shareholder redeems
Class B shares before they are converted to Class A shares,
American Express Financial Advisors will impose a sales charge
directly on the redemption proceeds to cover those expenses it has
previously incurred on the sale of those shares.
PAGE 2
5. American Express Financial Advisors agrees to provide at
least quarterly an analysis of distribution expenses and to meet
with representatives of the Corporation as reasonably requested to
provide additional information.
6. The plan and agreement shall continue in effect for a period
of more than one year provided it is reapproved at least annually
in the same manner in which it was initially approved.
7. The plan and agreement may not be amended to increase
materially the amount that may be paid by the Corporation without
the approval of a least a majority of the outstanding shares of
Class B. Any other amendment must be approved in the manner in
which the plan and agreement was initially approved.
8. 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 plan and agreement, or
by vote of a majority of the outstanding Class B shares, or by
American Express Financial Advisors. The plan and agreement will
terminate automatically in the event of its assignment as that term
is defined in the Investment Company Act of 1940.
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
