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LICENSE AGREEMENT
American Express Financial Corporation
IDS Tower 10
▇▇▇▇▇▇▇▇▇▇▇, ▇▇ ▇▇▇▇▇
Dear Sirs:
Each of the Funds named below hereby acknowledges that American Express
Financial Corporation is the owner of the trade name and marks "IDS" listed
below, and any predecessor names and marks.
American Express Financial Corporation hereby grants to each Fund the
non-exclusive right to use such marks for the purpose of offering, selling and
distributing any and all shares issued or to be issued by each Fund. This
license shall continue with respect to each Fund for as long as American Express
Financial Corporation continues to act as the investment manager for that Fund
and the Fund uses such marks in accordance with policies and procedures
established by American Express Financial Corporation.
American Express Financial Corporation and each Fund agree that in the conduct
of its respective business and activities and its rendering of services under
such marks it shall adhere to the highest ethical and business standards in the
mutual fund field and shall do nothing to bring disrepute to, nor to in any
manner damage, the good trade name and marks "IDS".
Trade Name
IDS
▇▇▇▇ Registration
"IDS" 881,460
"IDS" 881,461
"IDS" Application Serial Number 73/673,985
Sincerely yours,
IDS Bond Fund, Inc.
IDS Discovery Fund, Inc.
IDS Equity Select Fund, Inc.
IDS Extra Income Fund, Inc.
IDS Federal Income Fund, Inc.
IDS Global Series, Inc.
IDS Global Balanced Fund
IDS Global Bond Fund
IDS Global Growth Fund
IDS Emerging Markets Fund
IDS Innovations Fund
IDS Growth Fund, Inc.
IDS Growth Fund
IDS Research Opportunities
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IDS High Yield Tax-Exempt Fund, Inc.
IDS International Fund, Inc.
IDS Investment Series, Inc.
IDS Diversified Equity Income Fund
IDS Mutual
IDS Managed Retirement Fund, Inc.
IDS Market Advantage Series, Inc.
IDS Blue Chip Advantage Fund
IDS Small Company Index Fund
IDS Money Market Series, Inc.
IDS Cash Management Fund
IDS New Dimensions Fund, Inc.
IDS Precious Metals Fund, Inc.
IDS Progressive Fund, Inc.
IDS Selective Fund, Inc.
IDS Stock Fund, Inc.
IDS Strategy Fund, Inc.
IDS Equity Value Fund
IDS Strategy Aggressive Fund
IDS Tax-Exempt Bond fund, Inc.
IDS Intermediate Tax-Exempt Bond Fund
IDS Tax-Free Money Fund, Inc.
IDS Utilities Income Fund, Inc.
IDS Life Investment Series, Inc.
IDS Life Aggressive Growth Fund
IDS Life Capital Resource Fund
IDS Life Growth Dimensions Fund
IDS Life International Equity Fund
IDS Life Managed Fund, Inc.
IDS Life Moneyshare Fund, Inc.
IDS Life Special Income Fund, Inc.
IDS Life Global Yield Fund
IDS Life Income Advantage Fund
IDS Life Special Income Fund
By: /s/▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇
President of each of the
above-named funds
Date: January 25, 1988
Accepted and agreed to:
American Express Financial Corporation
By:/s/▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇▇▇ ▇. ▇▇▇▇▇▇
▇▇. Vice President
REF: ejn7-223
