<ARTICLE> 6

   <NUMBER>  4
   <NAME>  AXP GROWTH FUND CLASS Y

                                             
<PERIOD-TYPE>                                              YEAR
<FISCAL-YEAR-END>                                   JUL-31-2000
<PERIOD-END>                                        JUL-31-2000
<INVESTMENTS-AT-COST>                                         0
<INVESTMENTS-AT-VALUE>                                        0
<RECEIVABLES>                                            634045
<ASSETS-OTHER>                                      10657315938
<OTHER-ITEMS-ASSETS>                                          0
<TOTAL-ASSETS>                                      10657949983
<PAYABLE-FOR-SECURITIES>                                      0
<SENIOR-LONG-TERM-DEBT>                                       0
<OTHER-ITEMS-LIABILITIES>                                883753
<TOTAL-LIABILITIES>                                      883753
<SENIOR-EQUITY>                                               0
<PAID-IN-CAPITAL-COMMON>                             5387487841
<SHARES-COMMON-STOCK>                                  28320733
<SHARES-COMMON-PRIOR>                                  21571462
<ACCUMULATED-NII-CURRENT>                                     0
<OVERDISTRIBUTION-NII>                                        0
<ACCUMULATED-NET-GAINS>                               282451071
<OVERDISTRIBUTION-GAINS>                                      0
<ACCUM-APPREC-OR-DEPREC>                             4987127318
<NET-ASSETS>                                         1550681250
<DIVIDEND-INCOME>                                      33700053
<INTEREST-INCOME>                                      27858487
<OTHER-INCOME>                                                0
<EXPENSES-NET>                                        102205254
<NET-INVESTMENT-INCOME>                             (40,646,714)
<REALIZED-GAINS-CURRENT>                            282,481,456
<APPREC-INCREASE-CURRENT>                            2000202891
<NET-CHANGE-FROM-OPS>                                2242037633
<EQUALIZATION>                                                0
<DISTRIBUTIONS-OF-INCOME>                                     0
<DISTRIBUTIONS-OF-GAINS>                               17842638
<DISTRIBUTIONS-OTHER>                                         0
<NUMBER-OF-SHARES-SOLD>                                16314629
<NUMBER-OF-SHARES-REDEEMED>                             9918250
<SHARES-REINVESTED>                                      352892
<NET-CHANGE-IN-ASSETS>                               3709326626
<ACCUMULATED-NII-PRIOR>                                       0
<ACCUMULATED-GAINS-PRIOR>                             135918376
<OVERDISTRIB-NII-PRIOR>                                       0
<OVERDIST-NET-GAINS-PRIOR>                                    0
<GROSS-ADVISORY-FEES>                                   7634901
<INTEREST-EXPENSE>                                            0
<GROSS-EXPENSE>                                       102543620
<AVERAGE-NET-ASSETS>                                 1214554931
<PER-SHARE-NAV-BEGIN>                                     42.37
<PER-SHARE-NII>                                            (.06)
<PER-SHARE-GAIN-APPREC>                                   13.22
<PER-SHARE-DIVIDEND>                                        .00
<PER-SHARE-DISTRIBUTIONS>                                   .78
<RETURNS-OF-CAPITAL>                                          0
<PER-SHARE-NAV-END>                                       54.75
<EXPENSE-RATIO>                                             .83