-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, ChNb/5htk6NLrPMtjdB44gsghKEhKFZl8zGzqu0SuxgOUh3BWryIWmJQ/K354qV+ Y0N/X+zv0zEBO03JSv58ZA== 0000820027-99-000724.txt : 20000211 0000820027-99-000724.hdr.sgml : 20000211 ACCESSION NUMBER: 0000820027-99-000724 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990929 FILER: COMPANY DATA: COMPANY CONFORMED NAME: IDS LIFE VARIABLE ACCOUNT 10 CENTRAL INDEX KEY: 0001000191 STANDARD INDUSTRIAL CLASSIFICATION: [] STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: SEC FILE NUMBER: 333-79311 FILM NUMBER: 99719783 BUSINESS ADDRESS: STREET 1: IDS TOWER 10 STREET 2: T 27152 CITY: MINNEAPOLIS STATE: MN ZIP: 55440-0010 BUSINESS PHONE: 6126712345 MAIL ADDRESS: STREET 1: IDS TOWER 10 T27152 CITY: MINNEAPOLIS STATE: MN ZIP: 55440 497 1 PROSPECTUS SUPPLEMENT DATED 9/30/99 Prospectus Supplement Sept. 30, 1999 American Express Retirement Advisor VAsm S-6467 (9/99) SHAREHOLDER MEETINGS At the recent regular meetings, shareholders of the American Express(R) Variable Portfolio Funds (formerly the Retirement Annuity Mutual Funds and referred to in this supplement as the "Funds," or individually as the "Fund") approved the following proposals: 1. Change the Fund Name from IDS Life to AXP. Shareholders of all Funds approved the name change from IDS Life to AXP. AXP is an abbreviated form of the name of the funds' investment manager, American Express Financial Corporation (AEFC). The Funds also added the words "Variable Portfolio" to their name. For example, IDS Life Capital Resource Fund changed to AXP Variable Portfolio - Capital Resource Fund. In addition, some Funds changed their names to reflect similarities with the retail funds with the same investment objectives, as shown in the following table.
Fund Names - ------------------------------------------------------- ----------------------------------------------------- Current Name Proposed Name - ------------------------------------------------------- ----------------------------------------------------- - ------------------------------------------------------- ----------------------------------------------------- IDS Life Investment Series, Inc. AXPsm Variable Portfolio - Investment Series, Inc. -IDS Life Aggressive Growth Fund -AXPsm Variable Portfolio - Strategy Aggressive Fund -IDS Life Capital Resource Fund -AXPsm Variable Portfolio - Capital Resource Fund -IDS Life Growth Dimensions Fund -AXPsm Variable Portfolio - New Dimensions Fund -AXPsm Variable Portfolio - International Fund -IDS Life International Equity Fund - ------------------------------------------------------- ----------------------------------------------------- - ------------------------------------------------------- ----------------------------------------------------- IDS Life Managed Fund, Inc. AXPsm Variable Portfolio - Managed Series, Inc. -IDS Life Managed Fund -AXPsm Variable Portfolio - Managed Fund - ------------------------------------------------------- ----------------------------------------------------- - ------------------------------------------------------- ----------------------------------------------------- IDS Life Moneyshare Fund, Inc. AXPsm Variable Portfolio - Money Market Series, Inc. -AXPsm Variable Portfolio - Cash Management Fund -IDS Life Moneyshare Fund - ------------------------------------------------------- ----------------------------------------------------- - ------------------------------------------------------- ----------------------------------------------------- IDS Life Special Income Fund, Inc. AXPsm Variable Portfolio - Income Series, Inc. -IDS Life Global Yield Fund -AXPsm Variable Portfolio - Global Bond Fund -IDS Life Income Advantage Fund -AXPsm Variable Portfolio - Extra Income Fund -IDS Life Special Income Fund -AXPsm Variable Portfolio - Bond Fund - ------------------------------------------------------- -----------------------------------------------------
Where the Fund has changed its name, the Fund will have certain characteristics of the retail fund. After a transition period, which will vary by Fund, the Fund will have substantially the same investment policies, goals and objectives as the retail fund. In addition, the Fund will be managed by the same portfolio manager and will have substantially similar strategies, techniques and characteristics as the retail fund. However, the Fund is not the same as the retail fund. The Fund will have its own portfolio holdings and its own fees and operating expenses. Therefore, the performance of the Fund will likely greater or less than the performance of the retail fund. 2. New Distribution Plan. Fund shareholders approved a new distribution plan (also known as a 12b-1 plan) of 0.125% of average daily net assets that will provide additional services and education. The Board of Directors of the Fund approved this 12b-1 plan. It will be implemented on September 21, 1999. The following tables reflect this new 12b-1 fee and replaces the tables in your prospectus for the IDS Life funds:
Annual operating expenses of the funds (as a percentage of average daily net assets): - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- - ----------- ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- Management 0.56% 0.60% 0.59% 0.50% 0.56% 0.62% 0.61% 0.83% 0.63% fees - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- 12b-1 fees 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% 0.13% - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- Other 0.26% 0.07% 0.07% 0.06% 0.26% 0.09% 0.14% 0.13% 0.19% expenses - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ ----------- Total 0.95% 0.80% 0.79% 0.69% 0.95% 0.84% 0.88% 1.09% 0.95% - ------------ ------------ ------ ---------- -------------- ----------- --------- --------- ------------ -----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- Management 0.83% 0.59% 0.61% 0.79% 0.59% fees - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 12b-1 fees 0.13% 0.13% 0.13% 0.13% 0.13% - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- Other 0.15% 0.04% 0.06% 0.31% 0.09% expenses - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- Total 1.11% 0.76% 0.80% 1.23% 0.81% - ------------ -------------- ---------- ------------ ----------- ----------- Example: You would pay the following expenses on a $1,000 investment in a nonqualified annuity with a seven-year charge schedule and a 0.95% mortality and expense risk fee assuming a 5% annual return and:
- ------------------------------------------------------------------------------------------------------------------- a full surrender at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 90.27 88.74 88.63 87.61 90.27 89.15 89.56 91.71 90.27 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 132.65 127.99 127.68 124.56 132.65 129.23 130.48 136.99 132.65 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 91.91 88.33 88.74 93.14 88.84 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 137.61 126.74 127.99 141.31 128.30 - ------------ -------------- ---------- ------------ ----------- -----------
- ------------------------------------------------------------------------------------------------------------------- no surrender or selection of an annuity payout plan at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 20.27 18.74 18.63 17.61 20.27 19.15 19.56 21.71 20.27 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 62.65 57.99 57.68 54.56 62.65 59.23 60.48 66.99 62.65 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 21.91 18.33 18.74 23.14 18.84 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 67.61 56.74 57.99 71.31 58.30 - ------------ -------------- ---------- ------------ ----------- ----------- You would pay the following expenses on a $1,000 investment in a nonqualified annuity with a ten-year charge schedule and a 0.95% mortality and expense risk fee assuming a 5% annual return and:
- ------------------------------------------------------------------------------------------------------------------- a full surrender at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 100.27 98.74 98.63 97.61 100.27 99.15 99.56 101.71 100.27 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 142.65 137.99 137.68 134.56 142.65 139.23 140.48 146.99 142.65 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 101.91 98.33 98.74 103.14 98.84 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 147.61 136.74 137.99 151.31 138.30 - ------------ -------------- ---------- ------------ ----------- -----------
- ------------------------------------------------------------------------------------------------------------------- no surrender or selection of an annuity payout plan at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 20.27 18.74 18.63 17.61 20.27 19.15 19.56 21.71 20.27 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 62.65 57.99 57.68 54.56 62.65 59.23 60.48 66.99 62.65 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 21.91 18.33 18.74 23.14 18.84 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 67.61 56.74 57.99 71.31 58.30 - ------------ -------------- ---------- ------------ ----------- ----------- You would pay the following expenses on a $1,000 investment in a qualified annuity with a seven-year charge schedule and a 0.75% mortality and expense risk fee assuming a 5% annual return and:
- ------------------------------------------------------------------------------------------------------------------- a full surrender at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 88.22 86.69 86.58 85.56 88.22 87.10 87.51 89.66 88.22 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 126.43 121.75 121.43 118.30 126.43 123.00 124.25 130.79 126.43 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 89.86 86.28 86.69 91.09 86.79 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 131.41 120.50 121.75 135.13 122.06 - ------------ -------------- ---------- ------------ ----------- -----------
- ------------------------------------------------------------------------------------------------------------------- no surrender or selection of an annuity payout plan at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 18.22 16.69 16.58 15.56 18.22 17.10 17.51 19.66 18.22 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 56.43 51.75 51.43 48.30 56.43 53.00 54.25 60.79 56.43 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 19.86 16.28 16.69 21.09 16.79 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 61.41 50.50 51.75 65.13 52.06 - ------------ -------------- ---------- ------------ ----------- ----------- You would pay the following expenses on a $1,000 investment in a qualified annuity with a ten-year charge schedule and a 0.75% mortality and expense risk fee assuming a 5% annual return and:
- ------------------------------------------------------------------------------------------------------------------- a full surrender at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 98.22 96.69 96.58 95.56 98.22 97.10 97.51 99.66 98.22 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 136.43 131.75 131.43 128.30 136.43 133.00 134.25 140.79 136.43 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 99.86 96.28 96.69 101.09 96.79 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 141.41 130.50 131.75 145.13 132.06 - ------------ -------------- ---------- ------------ ----------- -----------
- ------------------------------------------------------------------------------------------------------------------- no surrender or selection of an annuity payout plan at the end of each time period - ------------------------------------------------------------------------------------------------------------------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- AXP VP AXP AXP VP AXP VP Cash AXP VP AXP VP AXP VP AXP VP AXP VP Blue Chip VP Capital Management Diversified Extra Federal Global Bond Growth Advantage Bond Resource Equity Income Income Income - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 1 Year 18.22 16.69 16.58 15.56 18.22 17.10 17.51 19.66 18.22 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ---------- 3 Years 56.43 51.75 51.43 48.30 56.43 53.00 54.25 60.79 56.43 - ------------ ------------ ------- ---------- -------------- ----------- --------- -------- ------------- ----------
- ------------ -------------- ---------- ------------ ----------- ----------- AXP VP AXP VP AXP VP New AXP VP AXP VP International Managed Dimensions Small Cap Strategy Advantage Aggressive - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 1 Year 19.86 16.28 16.69 21.09 16.79 - ------------ -------------- ---------- ------------ ----------- ----------- - ------------ -------------- ---------- ------------ ----------- ----------- 3 Years 61.41 50.50 51.75 65.13 52.06 - ------------ -------------- ---------- ------------ ----------- ----------- S-6467-11C (9/99) *Destroy - next prospectus update -----END PRIVACY-ENHANCED MESSAGE-----