The IDS Mutual Fund Group, the proprietary mutual funds of American Express Financial Corporation, wants to change its name and increase some fees it charges investors.

American Express plans to change the name of the IDS Funds to the American Express Funds and will use the abbreviation AXP to replace IDS for the funds in newspaper listings. The firm also wants to add Rule 12b-1 fees to the funds' Class A shares and raise 12b-1 fees for its Class B shares, moves which will generate added trailing commissions for the American Express financial advisors who sell the funds.

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