The correct spelling of the phrase "am developed" in IPA phonetic transcription is /æm dɪˈvɛləpt/. The first sound, /æ/, is the "a" sound in "cat." The second sound, /m/, is a nasal consonant produced by closing the lips and allowing air to escape through the nose. The third sound, /dɪ/, is the "d" sound followed by the "ih" vowel sound in "sit." The last syllable, /ˈvɛləpt/, includes the "v" sound, the "eh" sound in "bet," the "l" sound, and the final "t" sound.