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CONVERSION AGREEMENT
May 13, 1996
World Trust
IDS Tower 10
Xxxxxxxxxxx, Xxxxxxxxx 00000
Dear Trustees:
The World Trust (the "Trust") proposes to issue and sell in private
placements, units of beneficial interest (the "Units") in certain
series of Units (each a "Portfolio" and together, the "Portfolios")
pursuant to a registration statement on Form N-1A filed with the
Securities and Exchange Commission. The Trust currently consists
of two Portfolios as follows:
World Income Portfolio
World Growth Portfolio
IDS Global Growth Fund (the "Fund") hereby offers to invest all of
its assets in World Growth Portfolio in exchange for Units equal in
value to the value of the Fund's assets.
The Fund represents and warrants to the Trust that the Units are
being acquired for investment and not with a view to the resale or
further distribution thereof.
Please confirm that the foregoing correctly sets forth the
agreement with the Trust.
Sincerely,
IDS GLOBAL SERIES, INC.
IDS Global Growth Fund
By__________________________________________
Xxxxxx X. Xxx
Vice President and General Counsel
Confirmed, as of the date first above mentioned.
WORLD TRUST
By______________________________________________
Xxxxxx X. Xxx
Vice President and General Counsel
