UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR
CERTIFIED SHAREHOLDER REPORT OF REGISTERED
MANAGEMENT INVESTMENT COMPANIES
Investment Company Act file number 811-4646
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AXP CALIFORNIA TAX-EXEMPT TRUST
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(Exact name of registrant as specified in charter)
200 AXP Financial Center, Minneapolis, Minnesota 55474
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(Address of principal executive offices) (Zip code)
Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810, Minneapolis, MN 55402-3268
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(Name and address of agent for service)
Registrant's telephone number, including area code: (612) 330-9283
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Date of fiscal year end: 6/30
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Date of reporting period: 6/30
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Item 1. Reports to Shareholders.
Information for AXP California Tax-Exempt Fund is incorporated by reference to
Form N-CSR for AXP Special Tax-Exempt Series Trust, Investment Company Act File
No. 811-4647 filed electronically on or about Aug. 27, 2003.
Item 2. Code of Ethics. Not applicable pursuant to SEC Release No. IC-25914
(January 27, 2003).
Item 3. Audit Committee Financial Expert. Not applicable pursuant to SEC
Release No. IC-25914 (January 27, 2003).
Item 4. Principal Accountant Fees and Services. Not applicable pursuant to
SEC Release No. IC-25915 (January 28, 2003).
Items 5-6. [Reserved]
Item 7. Disclosure of Proxy Voting Policies and Procedures for Closed-End
Management Investment Companies. Not applicable.
Item 8. [Reserved]
Item 9. Controls and Procedures.
(a) The registrant's Principal Executive Officer and Principal
Financial Officer have evaluated the registrant's disclosure
controls and procedures within 90 days of this filing and have
concluded that the registrant's disclosure controls and
procedures by the registrant in this Form N-CSR was recorded,
processed, summarized, and reported timely.
(b) At the date of filing this Form N-CSR, the registrant's
Principal Executive Officer and Principal Financial Officer are
aware of no significant changes in the registrant's internal
controls or in other factors that could significantly affect
these controls subsequent to the date of their evaluation,
including any corrective actions with regard to significant
deficiencies and material weaknesses.
Item 10. Exhibits.
(a) Not applicable pursuant to SEC Release No. IC-25914 (January
27, 2003).
(b) Separate certification for the Registrant's principal
executive officer and principal financial officer, as required by
Section 302 of the Sarbanes-Oxley Act of 2002 and Rule 30a-2(a)
under the Investment Company Act of 1940, are attached as
EX.99.CERT.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
(Registrant) AXP California Tax-Exempt Trust
By /s/ Paula R. Meyer
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Paula R. Meyer
President and Principal Executive Officer
Date Aug. 27, 2003
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By /s/ Paula R. Meyer
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Paula R. Meyer
President and Principal Executive Officer
Date Aug. 27, 2003
By /s/ Jeffrey P. Fox
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Jeffrey P. Fox
Treasurer and Principal Financial Officer
Date Aug. 27, 2003