NSAR-B

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      PAGE  2
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      PAGE  3
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      PAGE  4
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      PAGE  5
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      PAGE  6
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      PAGE  7
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6				
				
   <NUMBER>  1				
   <NAME>  IDS GROWTH FUND CLASS A				
<PERIOD-TYPE>	12-MOS			
<FISCAL-YEAR-END>	JUL-31-1997			
<PERIOD-END>	JUL-31-1997			
<INVESTMENTS-AT-COST>	0 			
<INVESTMENTS-AT-VALUE>	0 			
<RECEIVABLES>	0 			
<ASSETS-OTHER>	"4,107,675,105 "			
<OTHER-ITEMS-ASSETS>	0 			
<TOTAL-ASSETS>	"4,107,675,105 "			
<PAYABLE-FOR-SECURITIES>	0 			
<SENIOR-LONG-TERM-DEBT>	0 			
<OTHER-ITEMS-LIABILITIES>	"357,845 "			
<TOTAL-LIABILITIES>	"357,845 "
<SENIOR-EQUITY>	0 
<PAID-IN-CAPITAL-COMMON>	"2,112,657,571 "
<SHARES-COMMON-STOCK>	"90,643,619 "
<SHARES-COMMON-PRIOR>	"80,790,697 "
<ACCUMULATED-NII-CURRENT>	0 
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<DIVIDEND-INCOME>	"16,242,344 "
<INTEREST-INCOME>	"7,420,125 "
<OTHER-INCOME>	0 
<EXPENSES-NET>	"32,463,054 "
<NET-INVESTMENT-INCOME>	"(8,800,585)"
<REALIZED-GAINS-CURRENT>	"50,532,417 "
<APPREC-INCREASE-CURRENT>	"1,352,656,496 "
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<DISTRIBUTIONS-OTHER>	0 
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<NET-CHANGE-IN-ASSETS>	"1,925,580,071 "
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<GROSS-EXPENSE>	"32,557,107 "
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<PER-SHARE-NAV-BEGIN>	23.16 
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<EXPENSE-RATIO>	0.97 
<AVG-DEBT-OUTSTANDING>	0.00 
<AVG-DEBT-PER-SHARE>	0.00 


 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6				
				
   <NUMBER>  2				
   <NAME>  IDS GROWTH FUND CLASS B				
<PERIOD-TYPE>	12-MOS			
<FISCAL-YEAR-END>	JUL-31-1997			
<PERIOD-END>	JUL-31-1997			
<INVESTMENTS-AT-COST>	0 			
<INVESTMENTS-AT-VALUE>	0 			
<RECEIVABLES>	0 			
<ASSETS-OTHER>	"4,107,675,105 "			
<OTHER-ITEMS-ASSETS>	0 			
<TOTAL-ASSETS>	"4,107,675,105 "			
<PAYABLE-FOR-SECURITIES>	0 			
<SENIOR-LONG-TERM-DEBT>	0 			
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<TOTAL-LIABILITIES>	"357,845 "
<SENIOR-EQUITY>	0 
<PAID-IN-CAPITAL-COMMON>	"2,112,657,571 "
<SHARES-COMMON-STOCK>	"20,481,835 "
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<OTHER-INCOME>	0 
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<NET-INVESTMENT-INCOME>	"(8,800,585)"
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<PER-SHARE-NAV-BEGIN>	22.92 
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<PER-SHARE-DISTRIBUTIONS>	(0.68)
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<PER-SHARE-NAV-END>	34.82 
<EXPENSE-RATIO>	1.74 
<AVG-DEBT-OUTSTANDING>	0.00 
<AVG-DEBT-PER-SHARE>	0.00 


 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6				
				
   <NUMBER>  3				
   <NAME>  IDS GROWTH FUND CLASS Y				
<PERIOD-TYPE>	12-MOS			
<FISCAL-YEAR-END>	JUL-31-1997			
<PERIOD-END>	JUL-31-1997			
<INVESTMENTS-AT-COST>	0 			
<INVESTMENTS-AT-VALUE>	0 			
<RECEIVABLES>	0 			
<ASSETS-OTHER>	"4,107,675,105 "			
<OTHER-ITEMS-ASSETS>	0 			
<TOTAL-ASSETS>	"4,107,675,105 "			
<PAYABLE-FOR-SECURITIES>	0 			
<SENIOR-LONG-TERM-DEBT>	0 			
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<TOTAL-LIABILITIES>	"357,845 "
<SENIOR-EQUITY>	0 
<PAID-IN-CAPITAL-COMMON>	"2,112,657,571 "
<SHARES-COMMON-STOCK>	"5,020,677 "
<SHARES-COMMON-PRIOR>	"1,262,972 "
<ACCUMULATED-NII-CURRENT>	0 
<OVERDISTRIBUTION-NII>	0 
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<DIVIDEND-INCOME>	"16,242,344 "
<INTEREST-INCOME>	"7,420,125 "
<OTHER-INCOME>	0 
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<NET-INVESTMENT-INCOME>	"(8,800,585)"
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<APPREC-INCREASE-CURRENT>	"1,352,656,496 "
<NET-CHANGE-FROM-OPS>	"1,394,388,328 "
<EQUALIZATION>	0 
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<NUMBER-OF-SHARES-REDEEMED>	"(853,865)"
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<INTEREST-EXPENSE>	0 
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<PER-SHARE-NAV-BEGIN>	23.21 
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<PER-SHARE-NAV-END>	35.60 
<EXPENSE-RATIO>	0.85 
<AVG-DEBT-OUTSTANDING>	0.00 
<AVG-DEBT-PER-SHARE>	0.00 


 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6	
	
      <NUMBER> 6	
      <NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS A	
<PERIOD-TYPE>                   11-MOS	
<FISCAL-YEAR-END>	JUL-31-1997
<PERIOD-END>	JUL-31-1997
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<PER-SHARE-NAV-END>	6.86 
<EXPENSE-RATIO>	1.52 
<AVG-DEBT-OUTSTANDING>	0 
<AVG-DEBT-PER-SHARE>	0 


 

EX-27

WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

 

<ARTICLE> 6	
	
      <NUMBER> 6	
      <NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS B	
<PERIOD-TYPE>                   11-MOS	
<FISCAL-YEAR-END>	JUL-31-1997
<PERIOD-END>	JUL-31-1997
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<EXPENSE-RATIO>	2.25 
<AVG-DEBT-OUTSTANDING>	0 
<AVG-DEBT-PER-SHARE>	0 


 

EX-27

 

<ARTICLE> 6	
	
      <NUMBER> 6	
      <NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS Y	
<PERIOD-TYPE>                   11-MOS	
<FISCAL-YEAR-END>	JUL-31-1997
<PERIOD-END>	JUL-31-1997
<INVESTMENTS-AT-COST>	0 
<INVESTMENTS-AT-VALUE>	0 
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<ASSETS-OTHER>	301140953 
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<OTHER-ITEMS-LIABILITIES>	110807 
<TOTAL-LIABILITIES>	110807 
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<PAID-IN-CAPITAL-COMMON>	246952857 
<SHARES-COMMON-STOCK>	200 
<SHARES-COMMON-PRIOR>	200 
<ACCUMULATED-NII-CURRENT>	0 
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<ACCUMULATED-NET-GAINS>	19515264 
<OVERDISTRIBUTION-GAINS>	0 
<ACCUM-APPREC-OR-DEPREC>	34562025 
<NET-ASSETS>	1376 
<DIVIDEND-INCOME>	1788091 
<INTEREST-INCOME>	565243 
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<EXPENSES-NET>	2380042 
<NET-INVESTMENT-INCOME>	(26708)
<REALIZED-GAINS-CURRENT>	19658628 
<APPREC-INCREASE-CURRENT>	34562025 
<NET-CHANGE-FROM-OPS>	54193945 
<EQUALIZATION>	0 
<DISTRIBUTIONS-OF-INCOME>	0 
<DISTRIBUTIONS-OF-GAINS>	33125 
<DISTRIBUTIONS-OTHER>	0 
<NUMBER-OF-SHARES-SOLD>	0 
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<PER-SHARE-GAIN-APPREC>	1.88 
<PER-SHARE-DIVIDEND>	0.00 
<PER-SHARE-DISTRIBUTIONS>	(0.01)
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<EXPENSE-RATIO>	1.45 
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<AVG-DEBT-PER-SHARE>	0 


 

EX-99

Independent Auditors' Report on Internal Accounting Control



The Board of Directors and Shareholders
IDS Growth Fund, Inc.:


In planning and performing our audit of the financial statements of 
IDS Growth Fund, Inc. for the year ended July 31, 1997, we 
considered their internal control structure, including procedures for 
safeguarding securities, in order to determine our auditing 
procedures for the purpose of expressing our opinion on the 
financial statements and to comply with the requirements of Form 
N-SAR, not to provide assurance on the internal control structure.

The management of IDS Growth Fund, Inc. is responsible for 
establishing and maintaining a system of internal accounting 
control. In fulfilling this responsibility, estimates and judgments by 
management are required to assess the expected benefits and 
related costs of internal control structure policies and procedures. 
Two of the objectives of an internal control structure are to provide 
management with reasonable, but not absolute, assurance that 
assets are safeguarded against loss from unauthorized use or 
disposition and that transactions are executed in accordance with 
management's authorization and recorded properly to permit the 
preparation of financial statements in conformity with generally 
accepted accounting principles.

Because of inherent limitations in any internal control structure, 
errors or irregularities may occur and not be detected. Also, 
projection of any evaluation of the structure to future periods is 
subject to the risk that it may become inadequate because of 
changes in conditions or that the effectiveness of the design and 
operation may deteriorate.

Our considerations of the internal control structure would not 
necessarily disclose all matters in the internal control structure that 
might be material weaknesses under standards established by the 
American Institute of Certified Public Accountants. A material 
weakness is a condition in which the design or operation of the 
specific internal control structure elements does not reduce to a 
relatively low level the risk that errors or irregularities in amounts 
that would be material in relation to the financial statements being 
audited may occur and not be detected within a timely period by 
employees in the normal course of performing their assigned 
functions. However, we noted no matters involving the internal 
control structure; including procedures for safeguarding securities, 
that we consider to be a material weakness as defined above as of 
July 31, 1997.

This report is intended solely for the information and use of 
management and the Securities and Exchange Commission



				KMPG Peat Marwick LLP


Minneapolis, Minnesota
September 5, 1997