SEC Info - Riversource Tax-Exempt Series Inc

SEC Info℠

Home

Help

Please Sign In

Riversource Tax-Exempt Series Inc – ‘N-30D’ for 11/30/99

On: Thursday, 2/3/00 · For: 11/30/99 · Accession #: 820027-0-84 · File #: 811-02686

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/03/00  Riversource Tax-Exempt Series Inc N-30D      11/30/99    1:19K                                    Ameriprise Financial Inc

Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: N-30D       Axp Intermediate Tax-Exempt Fund, Inc.                23     45K 

N-30D 1st Page of 23 TOC ↑Top Previous Next ↓Bottom Just 1st
 
                                                                       AXP(SM)
                                                                  Intermediate
                                                               Tax-Exempt Fund

                                                            1999 ANNUAL REPORT
                                                           (PROSPECTUS ENCLOSED)

American                                                                        
Express(R)                                                                      
Funds                                                                           

(icon of) padlock                                                               

AXP Intermediate Tax-Exempt Fund seeks to provide shareholders with a high level
of current income exempt from federal taxes.                                    

(This annual report  includes a prospectus  that  describes in detail the Fund's
objectives, investment strategy, risks, sales charges, fees and other matters of
interest. Please read the prospectus carefully before you invest or send money.)

AMERICAN EXPRESS (logo)                                                         

N-30D 2nd Page of 23 TOC 1st Previous Next ↓Bottom Just 2nd
Why Suffer From a                                                               
`Lack of Interest'?                                                             

If you're  looking for a higher yield than a typical  tax-free money market fund
with less price  volatility  than a typical  tax-exempt  bond fund, this fund is
designed  for you.  Its yield is  generally  free from  federal  taxes,  but not
necessarily state and local taxes.                                              

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 3rd Page of 23 TOC 1st Previous Next ↓Bottom Just 3rd
Table of Contents                                                               

1999 ANNUAL REPORT                                                              
The purpose of this annual report is to tell investors how the Fund performed.  
From the Chairman                                        4                      
From the Portfolio Manager                               4                      
Fund Facts                                               6                      
The 10 Largest Holdings                                  7                      
Making the Most of the Fund                              8                      
The Fund's Long-term Performance                         9                      
Independent Auditors' Report                            11                      
Financial Statements                                    12                      
Notes to Financial Statements                           15                      
Investments in Securities                               22                      
Federal Income Tax Information                          38                      

2000 PROSPECTUS                                                                 
The prospectus,  which is bound into the middle of this annual report, describes
the Fund in detail.                                                             

The Fund                                              3p                        
Goal                                                  3p                        
Investment Strategy                                   3p                        
Risks                                                 5p                        
Past Performance                                      6p                        
Fees and Expenses                                     8p                        
Management                                            9p                        
Buying and Selling Shares                             9p                        
Valuing Fund Shares                                   9p                        
Investment Options                                   10p                        
Purchasing Shares                                    11p                        
Transactions through Third Parties                   14p                        
Sales Charges                                        14p                        
Exchanging/Selling Shares                            18p                        
Distributions and Taxes                              23p                        
Other Information                                    25p                        
Financial Highlights                                 26p                        
Appendix                                             28p                        

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999

N-30D 4th Page of 23 TOC 1st Previous Next ↓Bottom Just 4th
(picture of) Arne H. Carlson                                                    
Arne H. Carlson                                                                 
Chairman of the board                                                           

From the Chairman                                                               
We are in an extraordinary  period for investing in financial assets,  with many
stocks at their all-time highs. Looking at year 2000, American Express Financial
Corporation,  the Fund's investment manager,  expects the economy to continue to
grow and long-term interest rates to rise only slightly. This is a great time to
take a close look at your goals and investments. We encourage you to:           

o Consult  a  professional  investment  adviser  who can help  you cut  through 
mountains of data.                                                          

o Set financial  goals that extend beyond those  achievable  through  retirement
plans of your employer.                                                     

o Learn as much as you can about your current investments.                      

The  portfolio  manager's  letter that  follows  provides a review of the Fund's
investment strategies and performance. The annual report contains other valuable
information as well. The Fund's prospectus  describes its investment  objectives
and how it intends to achieve those objectives.  As experienced  investors know,
information is vital to making good investment decisions.                       

So, take a moment and decide again whether the Fund's investment  objectives and
management  style  fit  with  your  other  investments  to help you  reach  your
financial  goals.  And make it a  practice  on a regular  basis to  assess  your
investment options.                                                             

Sincerely,                                                                      

Arne H. Carlson                                                                 

(picture of) Terry Fettig                                                       
Terry Fettig                                                                    
Portfolio manager                                                               

From the Portfolio Manager                                                      
AXP Intermediate Tax-Exempt Fund's interest income increased slightly during the
past  fiscal  year,  although a rise in  interest  rates  tempered  its  overall
performance.  For the 12 months -- December  1998 through  November  1999 -- the
total  return for the Fund's  Class A shares  (excluding  the sales  charge) was
1.44%.                                                                          

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 5th Page of 23 TOC 1st Previous Next ↓Bottom Just 5th
Despite  ongoing  reports of generally low inflation,  a continuation  of strong
economic growth in the U.S. and improving  economies  overseas kept fixed-income
investors  on  edge  throughout  most  of the 12  months.  Their  concern  about
potentially  higher inflation was reinforced by the Federal Reserve Board, which
raised  short-term  interest  rates  three  times  during the period -- in June,
August and November.  The result was increased selling pressure on bonds,  which
in turn drove interest rates up and bond prices down.                           

Compared with U.S. Treasury issues,  the selling pressure on municipal bonds was
less pronounced,  especially in the  shorter-maturity  issues in which this Fund
invests.  Still, the trend did drag down the net asset value. On the other hand,
because  of the rise in  interest  rates,  the  Fund  was able to add some  new,
higher-yielding   issues  that  ultimately   enhanced  its  income  payments  to
shareholders.                                                                   

A DEFENSIVE APPROACH                                                            
As for the structure of the portfolio, because I expected interest rates to move
up, I gradually reduced the duration over the 12 months.  (Duration,  a function
of the average  maturity of the bonds in the portfolio,  largely  determines how
sensitive  the  Fund's  value is to changes in  interest  rates.  The longer the
duration,  the greater  the  sensitivity.)  As a result,  the decline in the net
asset value was smaller than it might have been.                                

To enhance the Fund's yield, I added to investments  in non-rated  bonds,  which
are  below-investment-grade  issues that pay comparatively higher interest. That
exposure reached  approximately  15% of portfolio  assets at period-end.  I also
increased   the   exposure   to   BBB-rated   bonds  (at  the  low  end  of  the
investment-grade scale), chiefly  healthcare-related issues that, again, offered
relatively attractive yields.                                                   

As the new fiscal year begins, it appears the economy remains remarkably strong,
which in turn has  continued to foster fear that higher  inflation may be on the
way. Whether or not that proves to be the case, I think the rising-interest-rate
trend is likely to  persist,  at least  over the near  term.  If so, the Fund is
positioned to take advantage of the  higher-yielding  securities that would come
to market.                                                                      

Terry Fettig                                                                    

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999

N-30D 6th Page of 23 TOC 1st Previous Next ↓Bottom Just 6th
Fund Facts                                                                      

Class A -- 12-month performance                                                 
(All figures per share)                                                         

Net asset value (NAV)                                                           
Nov. 30, 1999                                                         $5.02     
Nov. 30, 1998                                                         $5.14     
Decrease                                                              $0.12     

Distributions -- Dec. 1, 1998 - Nov. 30, 1999                                   
From income                                                           $0.19     
From capital gains                                                    $ --      
Total distributions                                                   $0.19     
Total return*                                                        +1.44%**   

Class B -- 12-month performance                                                 
(All figures per share)                                                         

Net asset value (NAV)                                                           
Nov. 30, 1999                                                         $5.02     
Nov. 30, 1998                                                         $5.14     
Decrease                                                              $0.12     

Distributions -- Dec. 1, 1998 - Nov. 30, 1999                                   
From income                                                           $0.15     
From capital gains                                                    $ --      
Total distributions                                                   $0.15     
Total return*                                                        +0.69%**   

Class Y -- 12-month performance                                                 
(All figures per share)                                                         

Net asset value (NAV)                                                           
Nov. 30, 1999                                                         $5.01     
Nov. 30, 1998                                                         $5.13     
Decrease                                                              $0.12     

Distributions -- Dec. 1, 1998 - Nov. 30, 1999                                   
From income                                                           $0.21     
From capital gains                                                    $ --      
Total distributions                                                   $0.21     
Total return*                                                        +1.59%**   

*The  prospectus  discusses the effect of sales charges,  if any, on the various
classes.                                                                        

**The  total  return  is  a  hypothetical   investment  in  the  Fund  with  all
distributions reinvested.                                                       

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 7th Page of 23 TOC 1st Previous Next ↓Bottom Just 7th
                                                        [Enlarge/Download Table]


The 10 Largest Holdings                                                                                

                                                                     Percent              Value        
                                                                 (of net assets)  (as of Nov. 30, 1999)
Oregon State Department of Administrative Services                                                     
Lottery Revenue Bonds Series B                                                                         
                                                                                                       
 4.40% 2003                                                            2.63%              $996,330     

Alaska  Industrial  Development & Exploration  Authority                                               
Electric Power Revenue Bonds Upper Lynn Canal                                                          
Regional Power Series 1997 A.M.T.                                                                      
 5.00% 2002                                                            1.83                693,368     

Sandoval County New Mexico Multi-family Housing                                                        
Refunding Revenue Bonds Meadowlark Apartments                                                          
Series 1998B A.M.T.                                                                                    
 6.38% 2001                                                            1.57                595,518     

Chicago Illinois Unlimited Tax General Obligation                                                      
Refunding Bonds Series 1996B                                                                           
 6.00% 2002                                                            1.41                535,866     

Houston Texas Water & Sewer System Prior Lien                                                          
Refunding Revenue Bonds Series 1992B                                                                   
 5.75% 2002                                                            1.37                518,254     

New York State Dormitory Authority Health Care                                                         
Revenue Bonds Mental Health Services Facilities Series 1997B                                           
 5.00% 2002                                                            1.33                504,244     

Denver Colorado City & County Airport Revenue Bonds                                                    
Series 1996 A.M.T.                                                                                     
 4.80% 2000                                                            1.33                503,215     

Long Beach Harbor California Revenue Bonds                                                             
Series 1993 A.M.T.                                                                                     
 4.50% 2002                                                            1.33                501,720     

Portage County Ohio Hospital Revenue Bonds                                                             
Robinson Memorial Hospital                                                                             
 4.75% 2004                                                            1.32                500,865     

Sandusky County Ohio Hospital Facilities Refunding                                                     
Revenue Bonds Memorial Hospital                                                                        
 4.40% 2000                                                            1.32                499,869     

Note:   Investment  income  from  certain  securities  may  be  subject  to  the                       
Alternative Minimum Tax (A.M.T.).                                                                      

For further detail about these  holdings,  please refer to the section  entitled                       
"Investments in Securities."                                                                           

The 10 holdings listed here make up 15.44% of net assets                                               

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999                       


N-30D 8th Page of 23 TOC 1st Previous Next ↓Bottom Just 8th
Making the Most of the Fund                                                     

BUILD YOUR ASSETS SYSTEMATICALLY                                                
One of the best  ways to  invest in the Fund is by  dollar-cost  averaging  -- a
time-tested  strategy  that  can make  market  fluctuations  work  for  you.  To
dollar-cost  average,  simply invest a fixed amount of money  regularly.  You'll
automatically  buy more shares when the Fund's share price is low,  fewer shares
when it is high. The chart below shows how dollar-cost averaging works. In these
three  hypothetical   scenarios,   you  will  see  six  months  of  share  price
fluctuations.                                                                   

This strategy  does not ensure a profit or avoid a loss if the market  declines.
But, if you can continue to invest regularly  through changing market conditions
even when the price of your  shares  fall or the market  declines,  it can be an
effective way to accumulate shares to meet your long-term goals.                

How dollar-cost averaging works                                                 

Jan  Feb  Mar  Apr  May  Jun                                      
$15                   $16  $18  $20                                             
$10    $10  $12  $14                                                            
$ 5                                                                             

Accumulated shares*       Average market           Your average                 
           price per share          cost per share

42.25                    $15                    $14.20              
------------------------------------------------------------------------------- 

Jan  Feb  Mar  Apr  May  Jun                                      
$15                                                                             
$10    $10                      $10                                             
$ 5         $8   $5   $5   $8                                                   

Accumulated shares*       Average market           Your average                 
           price per share          cost per share

85.0                     $7.66                  $7.05               
------------------------------------------------------------------------------- 

Jan  Feb  Mar  Apr  May  Jun                                      
$15                                                                             
$10    $10  $8   $6             $7                                              
$ 5                   $4   $4                                                   

Accumulated shares*       Average market           Your average                 
           price per share          cost per share

103.5                    $6.50                    $5.80               
------------------------------------------------------------------------------- 
$100 invested per month. Total invested: $600.                                  

*Shares purchased is determined by dividing the amount invested per month by the
current share price.                                                            

THREE WAYS TO BENEFIT FROM A MUTUAL FUND:                                       
o your shares increase in value when the Fund's investments do well             
o you  receive  capital  gains  when the gains on  investments  sold by the Fund
exceed losses                                                               
o you receive income when the Fund's stock dividends, interest and short-term   
gains exceed its expenses.                                                  

All  three  make up  your  total  return.  You  potentially  can  increase  your
investment if, like most investors, you reinvest your dividends and capital gain
distributions to buy additional shares of the Fund or another fund.             

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 9th Page of 23 TOC 1st Previous Next ↓Bottom Just 9th
The Fund's Long-term Performance                                                

How $10,00 has grown in AXP Intermediate Tax-Exempt Fund                        
                                                   Lipper Short/Intermediate
$20,000                                              Municipal Debt Index       
                                                                         x
                                                  $10,560                x
$10,000                                              AXP Intermediate           
                       Lehman Brothers x         Tax-Exempt Fund Class A
x             Municipal 3-Year                        
$9,500       x             Bond Index                                           

--------------------------------------------------------------------------------
         12/1/96             11/97               11/98                   11/99
Average annual total returns (as of Nov. 30, 1999)                            

        1 year              Since inception*
Class A                  -3.63%                   +2.12%                      
Class B                  -3.21%                   +2.15%                      
Class Y                  +1.59%                   +3.98%                      

*Inception date was Nov. 13, 1996.                                              

Assumes:  Holding period from 12/1/96 to 11/30/99.  Returns do not reflect taxes
payable  on   distributions.   Reinvestment  of  all  income  and  capital  gain
distributions for the Fund has a value of $1,182. Also see "Past Performance" in
the Fund's  current  prospectus.                                                

On the graph  above you can see how the  Fund's  total  return  compared  to two
widely cited  performance  indexes,  the Lehman Brothers  Municipal  3-year Bond
Index and Lipper  Short/Intermediate  Municipal  Debt Index.  In  comparing  AXP
Intermediate  Tax-Exempt  Fund  (Class A) to the  indexes,  you should take into
account the fact that the Fund's  performance  reflects the maximum sales charge
of 5%, while such charges are not reflected in the performance of the indexes.  

Your investment and return values fluctuate so that your shares,  when redeemed,
may be worth more or less than the original  cost.  Average  annual total return
figures  reflect the impact of the applicable  sales charge,  up to a maximum of
5%. This was a period of widely fluctuating security prices. Past performance is
no guarantee of future results.                                                 

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999

N-30D 10th Page of 23 TOC 1st Previous Next ↓Bottom Just 10th
Lehman Brothers Municipal 3-year Bond Index, an unmanaged index, is made up of a
representative  list of general  obligation,  revenue and prerefunded bonds that
have an approximate  maturity of three years.  The index is frequently used as a
general  performance  measure of tax-exempt bonds with shorter  maturities.  The
index reflects  reinvestment of all  distributions and changes in market prices,
but excludes brokerage  commissions or other fees. However,  the securities used
to create the index may not be representative of the bonds held in the Fund.    

The Lipper Short/Intermediate Municipal Debt Index, an unmanaged index published
by Lipper  Analytical  Services,  Inc.,  includes  10 funds  that are  generally
similar  to the  Fund,  although  some  funds in the  index  may  have  somewhat
different investment policies or objectives.                                    

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 11th Page of 23 TOC 1st Previous Next ↓Bottom Just 11th
The  financial   statements   contained  in  Post-Effective   Amendment  #46  to
Registration  Statement  No.  2-57328  filed  on or about  Jan.  27,  2000,  are
incorporated herein by reference.                                               

N-30D 12th Page of 23 TOC 1st Previous Next ↓Bottom Just 12th
Federal Income Tax Information                                                  
(Unaudited)                                                                     

The  Fund is  required  by the  Internal  Revenue  Code  of  1986  to  tell  its
shareholders  about the tax treatment of the dividends it pays during its fiscal
year. The dividends listed below are reported to you on Form 1099-DIV, Dividends
and Distributions.                                                              

AXP Intermediate Tax-Exempt Fund                                                
Fiscal year ended Nov. 30, 1999                                                 

Class A                                                                         

Exempt-interest dividends -- taxable status explained below.                    

Payable date                                                   Per share        

Dec. 22, 1998                                                   $0.01469        
Jan. 25, 1999                                                    0.01765        
Feb. 25, 1999                                                    0.01641        
March 24, 1999                                                   0.01446        
April 26, 1999                                                   0.01731        
May 27, 1999                                                     0.01633        
June 23, 1999                                                    0.01406        
July 26, 1999                                                    0.01697        
Aug. 26, 1999                                                    0.01592        
Sept. 22, 1999                                                   0.01379        
Oct. 25, 1999                                                    0.01692        
Nov. 23, 1999                                                    0.01686        
Total distributions                                             $0.19137        

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 13th Page of 23 TOC 1st Previous Next ↓Bottom Just 13th
Class B                                                                         

Exempt-interest dividends -- taxable status explained below.                    

Payable date                                                   Per share        

Dec. 22, 1998                                                   $0.01182        
Jan. 25, 1999                                                    0.01398        
Feb. 25, 1999                                                    0.01310        
March 24, 1999                                                   0.01161        
April 26, 1999                                                   0.01379        
May 27, 1999                                                     0.01305        
June 23, 1999                                                    0.01122        
July 26, 1999                                                    0.01350        
Aug. 26, 1999                                                    0.01268        
Sept. 22, 1999                                                   0.01097        
Oct. 25, 1999                                                    0.01350        
Nov. 23, 1999                                                    0.01385        
Total distributions                                             $0.15307        

Class Y                                                                         

Exempt-interest dividends -- taxable status explained below.                    

Payable date                                                   Per share        

Dec. 22, 1998                                                   $0.02271        
Jan. 25, 1999                                                    0.01744        
Feb. 25, 1999                                                    0.01679        
March 24, 1999                                                   0.01471        
April 26, 1999                                                   0.01856        
May 27, 1999                                                     0.01676        
June 23, 1999                                                    0.01444        
July 26, 1999                                                    0.01779        
Aug. 26, 1999                                                    0.01673        
Sept. 22, 1999                                                   0.01448        
Oct. 25, 1999                                                    0.01780        
Nov. 23, 1999                                                    0.01764        
Total distributions                                             $0.20585        

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999

N-30D 14th Page of 23 TOC 1st Previous Next ↓Bottom Just 14th
Source of distributions                                                         
Distributions  during  the  fiscal  year  ended  Nov.  30,  1999,  were  derived
exclusively  from interest on tax-exempt  securities.  For dividends paid by the
Fund  to be  tax-exempt  the  Fund  must  have at  least  50% of its  assets  in
tax-exempt obligations at the end of each fiscal quarter.                       

Federal taxation                                                                
Exempt-interest dividends are exempt from federal income taxes and should not be
included in shareholders' gross income.                                         

Other taxation                                                                  
Exempt-interest  dividends  may be  subject  to  state  and  local  taxes.  Each
shareholder  should consult a tax advisor about  reporting this income for state
and local tax purposes.                                                         

AXP INTERMEDIATE TAX-EXEMPT FUND                                                
(This annual report is not part of the prospectus.)                             

N-30D 15th Page of 23 TOC 1st Previous Next ↓Bottom Just 15th
Source of income by state                                                       

Percentages of income from municipal  securities earned by the Fund from various
states during the year ended Nov. 30, 1999 are listed below.                    

Alabama                             1.334                                       
Alaska                              4.234                                       
Arizona                             0.414                                       
Arkansas                            0.023                                       
California                          3.504                                       
Colorado                            2.848                                       
Connecticut                         1.034                                       
Florida                             9.372                                       
Georgia                             0.879                                       
Hawaii                              0.581                                       
Illinois                            6.323                                       
Indiana                             1.524                                       
Iowa                                0.466                                       
Kansas                              0.627                                       
Kentucky                            0.034                                       
Louisiana                           1.895                                       
Maine                               0.331                                       
Massachusetts                       3.561                                       
Michigan                            7.423                                       
Minnesota                           4.687                                       
Mississippi                         1.003                                       
Missouri                            1.639                                       
Nevada                              0.611                                       
New Hampshire                       0.321                                       
New Mexico                          5.082                                       
New York                            5.533                                       
North Carolina                      0.303                                       
North Dakota                        1.748                                       
Ohio                                5.277                                       
Oklahoma                            0.802                                       
Oregon                              0.070                                       
Pennsylvania                        5.806                                       
Rhode Island                        0.660                                       
South Carolina                      0.089                                       
South Dakota                        1.125                                       
Tennessee                           1.543                                       
Texas                               7.568                                       
Utah                                1.864                                       
Virginia                            0.522                                       
Washington                          3.406                                       
Washington, DC                      1.159                                       
West Virginia                       0.331                                       
Wisconsin                           1.758                                       
Wyoming                             0.686                                       

(This annual report is not part of the prospectus.)         ANNUAL REPORT - 1999

N-30D 16th Page of 23 TOC 1st Previous Next ↓Bottom Just 16th
This page left blank intentionally                                              

N-30D 17th Page of 23 TOC 1st Previous Next ↓Bottom Just 17th
This page left blank intentionally                                              

N-30D 18th Page of 23 TOC 1st Previous Next ↓Bottom Just 18th
This page left blank intentionally                                              

N-30D 19th Page of 23 TOC 1st Previous Next ↓Bottom Just 19th
This page left blank intentionally                                              

N-30D 20th Page of 23 TOC 1st Previous Next ↓Bottom Just 20th
This page left blank intentionally                                              

N-30D 21st Page of 23 TOC 1st Previous Next ↓Bottom Just 21st
This page left blank intentionally                                              

N-30D 22nd Page of 23 TOC 1st Previous Next ↓Bottom Just 22nd
American                                                                        
Express(R)                                                                      
Funds                                                                           

AXP Intermediate Tax-Exempt Fund                                                
IDS Tower 10                                                                    
Minneapolis, MN 55440-0010                                                      

                                                             S-6355 F (1/00)

Distributed by American Express  Financial  Advisors Inc. Member NASD.  American
Express Company is separate from American Express Financial Advisors Inc. and is
not a broker-dealer.                                                            

AMERICAN EXPRESS (logo)                                                         

S-6355 F (1/00)                                                                 

N-30D Last Page of 23 TOC 1st Previous Next ↓Bottom Just 23rd
STATEMENT OF DIFFERENCES                                                        

Difference                                       Description                    

1)   The layout is different                     1)  Some of the layout in the  
throughout the annual report.                   annual report to      
                                                shareholders is in two
                                  columns.

2)   There are pictures, icons                   2)  Each picture, icon and     
and graphs throughout the                       graph is described in 
annual report.                                  parentheses.

N-30D	1st Page of 23	TOC	↑Top	Previous	Next	↓Bottom	Just 1st

N-30D	2nd Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 2nd

N-30D	3rd Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 3rd

N-30D	4th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 4th

N-30D	5th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 5th

N-30D	6th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 6th

N-30D	7th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 7th

N-30D	8th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 8th

N-30D	9th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 9th

N-30D	10th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 10th

N-30D	11th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 11th

N-30D	12th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 12th

N-30D	13th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 13th

N-30D	14th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 14th

N-30D	15th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 15th

N-30D	16th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 16th

N-30D	17th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 17th

N-30D	18th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 18th

N-30D	19th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 19th

N-30D	20th Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 20th

N-30D	21st Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 21st

N-30D	22nd Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 22nd

N-30D	Last Page of 23	TOC	1st	Previous	Next	↓Bottom	Just 23rd

Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘N-30D’ Filing	Date	First	Last	Other Filings

Filed on:	2/3/00			N-30D
	1/27/00	11		485BPOS
For Period End:	11/30/99	6	15	24F-2NT, N-30D, NSAR-B
	12/22/98	12	13
	12/1/98	6
	11/30/98	6		24F-2NT, 24F-2NT/A, N-30D, NSAR-B, NSAR-B/A
	11/13/96	9		497
				List all Filings

↑Top

Filing Submission 0000820027-00-000084 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Riversource Tax-Exempt Series Inc – ‘N-30D’ for 11/30/99

On: Thursday, 2/3/00 · For: 11/30/99 · Accession #: 820027-0-84 · File #: 811-02686

Previous ‘N-30D’: ‘N-30D’ on 2/3/00 for 11/30/99 · Next: ‘N-30D’ on 7/19/00 for 5/31/00 · Latest: ‘N-30D’ on 2/3/03 for 11/30/02

Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1Filing Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Annual or Semi-Annual Report Mailed to Shareholders — Rule 30d-1
Filing Table of Contents