CLASS Y SHAREHOLDER SERVICE AGREEMENT
This Class Y Shareholder Service Agreement ("Agreement"), dated as of October 1,
2005, is by and between the corporations ("Registrants") listed in Schedule A,
each on behalf of its underlying series, and Ameriprise Financial Services, Inc.
("Ameriprise Financial Services"), a Delaware corporation and principal
underwriter of the Funds, for services to be provided to shareholders of Class Y
of the Funds by Ameriprise Financial Services and other servicing agents. The
terms "Fund" or "Funds" are used to refer to either the Registrants or the
underlying series as context requires.
Ameriprise Financial Services represents that shareholders consider personal
service a significant factor in their satisfaction with their investment.
Ameriprise Financial Services represents that fees paid by the Funds will be
used to help shareholders thoughtfully consider their investment goals and
objectively monitor how well the goals are being achieved.
Each Fund agrees to pay Ameriprise Financial Services a fee equal to 0.10
percent of the net asset value of Class Y shares. The Funds agree to pay the
fee to Ameriprise Financial Services in cash within five (5) business days
after the last day of each month.
Ameriprise Financial Services agrees to provide the Funds annually with a
budget covering its expected costs and a quarterly report of its actual
expenditures. Ameriprise Financial Services agrees to meet with representatives
of the Funds at their request to provide information as may be reasonably
necessary to evaluate its performance under the terms of this Agreement.
This Agreement shall continue in effect for a period of more than one year so
long as it is reapproved at least annually by a vote of the members of the
Board who are not interested persons of the Funds and have no financial
interest in the operation of the Agreement, and of all the members of the
Board.
This Agreement may be terminated at any time without payment of any penalty by
a vote of a majority of the members of the Board who are not interested persons
of the Funds and have no financial interest in the operation of the Agreement,
or by Ameriprise Financial Services. The Agreement will terminate automatically
in the event of its assignment, as that term is defined in the Investment
Company Act of 1940. This Agreement may be amended at any time provided the
amendment is approved in the same manner the Agreement was initially approved
and the amendment is agreed to by Ameriprise Financial Services.
This Agreement shall be governed by the laws of the State of Minnesota.
AXP CALIFORNIA TAX-EXEMPT SERIES TRUST
AXP DIMENSIONS SERIES, INC.
AXP DISCOVERY SERIES, INC.
AXP EQUITY SERIES, INC.
AXP FIXED INCOME SERIES, INC.
AXP GLOBAL SERIES, INC.
AXP GOVERNMENT INCOME SERIES, INC.
AXP GROWTH SERIES, INC.
AXP HIGH YIELD INCOME SERIES, INC.
AXP HIGH YIELD TAX-EXEMPT SERIES, INC.
AXP INCOME SERIES, INC.
AXP INTERNATIONAL SERIES, INC.
AXP INVESTMENT SERIES, INC.
AXP MANAGED SERIES, INC.
AXP MARKET ADVANTAGE SERIES, INC.
AXP PARTNERS INTERNATIONAL SERIES, INC.
AXP PARTNERS SERIES, INC.
AXP SECTOR SERIES, INC.
AXP SELECTED SERIES, INC.
AXP SPECIAL TAX-EXEMPT SERIES TRUST
AXP STOCK SERIES, INC.
AXP STRATEGY SERIES, INC.
AXP TAX-EXEMPT SERIES, INC.
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Vice President
AMERIPRISE FINANCIAL SERVICES, INC.
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Senior Vice President and General Manager - Mutual Funds
Schedule A
Funds
Each a Minnesota corporation, except California Tax-Exempt Trust and Special
Tax-Exempt Series Trust, which are Massachusetts business trusts:
RiverSource California Tax-Exempt Trust RiverSource Market Advantage Series, Inc.
RiverSource California Tax-Exempt Fund RiverSource Portfolio Builder Aggressive Fund
RiverSource Dimensions Series, Inc. RiverSource Portfolio Builder Conservative Fund
RiverSource New Dimensions Fund RiverSource Portfolio Builder Moderate Fund
RiverSource Discovery Series, Inc. RiverSource Portfolio Builder Moderate Aggressive Fund
RiverSource Core Bond Fund RiverSource Portfolio Builder Moderate Conservative Fund
RiverSource Discovery Fund RiverSource Portfolio Builder Total Equity Fund
RiverSource Income Opportunities Fund RiverSource Small Company Index Fund
RiverSource Inflation Protected Securities Fund RiverSource Partners International Series, Inc.
RiverSource Limited Duration Bond Fund RiverSource International Aggressive Growth Fund
RiverSource Equity Series, Inc. RiverSource International Equity Fund
RiverSource Mid Cap Growth Fund RiverSource International Select Value Fund
RiverSource Fixed Income Series, Inc. RiverSource International Small Cap Fund
RiverSource Diversified Bond Fund RiverSource Partners Series, Inc.
RiverSource Global Series, Inc. RiverSource Aggressive Growth Fund
RiverSource Emerging Markets Fund RiverSource Fundamental Growth Fund
RiverSource Global Balanced Fund RiverSource Fundamental Value Fund
RiverSource Global Bond Fund RiverSource Select Value Fund
RiverSource Global Equity Fund RiverSource Small Cap Equity Fund
RiverSource Global Technology Fund RiverSource Small Cap Value Fund
RiverSource Growth Series, Inc. RiverSource Value Fund
RiverSource Disciplined Equity Fund RiverSource Sector Series, Inc.
RiverSource Growth Fund RiverSource Dividend Opportunity Fund
RiverSource Large Cap Equity Fund RiverSource Real Estate Fund
RiverSource Large Cap Value Fund RiverSource Selected Series, Inc.
RiverSource Government Income Series, Inc. RiverSource Precious Metals Fund
RiverSource Short Duration U.S. Government Fund RiverSource Special Tax-Exempt Series Trust
RiverSource U.S. Government Mortgage Fund RiverSource Insured Tax-Exempt Fund
RiverSource High Yield Income Series, Inc. RiverSource Massachusetts Tax-Exempt Fund
RiverSource High Yield Bond Fund RiverSource Michigan Tax-Exempt Fund
RiverSource High Yield Tax-Exempt Series, Inc. RiverSource Minnesota Tax-Exempt Fund
RiverSource Tax-Exempt High Income Fund RiverSource New York Tax-ExemptFund
RiverSource Income Series, Inc. RiverSource Ohio Tax-Exempt Fund
RiverSource Selective Fund RiverSource Stock Series, Inc.
RiverSource International Series, Inc. RiverSource Stock Fund
RiverSource European Equity Fund RiverSource Strategy Series, Inc.
RiverSource International Opportunity Fund RiverSource Equity Value Fund
RiverSource Investment Series, Inc. RiverSource Small Cap Advantage Fund
RiverSource Balanced Fund RiverSource Small Cap Growth Fund
RiverSource Diversified Equity Income Fund RiverSource Strategy Aggressive Fund
RiverSource Mid Cap Value Fund RiverSource Tax-Exempt Series, Inc.
RiverSource Managed Series, Inc. RiverSource Intermediate Tax-Exempt Fund
RiverSource Strategic Allocation Fund RiverSource Tax-Exempt Bond Fund