NSAR-A

      PAGE  1
000 A000000 11/30/99
000 C000000 0000052407
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 AXP SELECTIVE FUND, INC.
001 B000000 811-499
001 C000000 6126713800
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
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007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
018  000000 N
019 A000000 Y
019 B000000   58
019 C000000 AMEXPFUNDS
028 A010000     23423
028 A020000      5339
028 A030000         0
028 A040000     34387
028 B010000     21918
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028 B030000         0
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028 D020000      4957
      PAGE  2
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028 G010000    116095
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028 G040000    217410
028 H000000     35279
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      PAGE  3
048 D020000 0.000
048 E010000        0
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      PAGE  4
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      PAGE  5
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077 Q010000 Y
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077 Q030000 N
078  000000 N
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>  AXP SELECTIVE FUND CLASS A

                                                          
<PERIOD-TYPE>                                                6-MOS
<FISCAL-YEAR-END>                                            MAY-31-2000
<PERIOD-END>                                                 NOV-30-1999
<INVESTMENTS-AT-COST>                                                  0
<INVESTMENTS-AT-VALUE>                                                 0
<RECEIVABLES>                                                          0
<ASSETS-OTHER>                                                1467934442
<OTHER-ITEMS-ASSETS>                                                   0
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<PAYABLE-FOR-SECURITIES>                                               0
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<TOTAL-LIABILITIES>                                              2168781
<SENIOR-EQUITY>                                                        0
<PAID-IN-CAPITAL-COMMON>                                      1477928806
<SHARES-COMMON-STOCK>                                          124745004
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<DIVIDEND-INCOME>                                                 403551
<INTEREST-INCOME>                                               52799609
<OTHER-INCOME>                                                         0
<EXPENSES-NET>                                                   7972638
<NET-INVESTMENT-INCOME>                                         45230522
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<EQUALIZATION>                                                         0
<DISTRIBUTIONS-OF-INCOME>                                       34381212
<DISTRIBUTIONS-OF-GAINS>                                               0
<DISTRIBUTIONS-OTHER>                                                  0
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<NUMBER-OF-SHARES-REDEEMED>                                     14857234
<SHARES-REINVESTED>                                              2764911
<NET-CHANGE-IN-ASSETS>                                        (110830880)
<ACCUMULATED-NII-PRIOR>                                           791648
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<OVERDISTRIB-NII-PRIOR>                                                0
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<GROSS-ADVISORY-FEES>                                            2971882
<INTEREST-EXPENSE>                                                     0
<GROSS-EXPENSE>                                                  8001090
<AVERAGE-NET-ASSETS>                                          1124782859
<PER-SHARE-NAV-BEGIN>                                               8.96
<PER-SHARE-NII>                                                      .26
<PER-SHARE-GAIN-APPREC>                                             (.26)
<PER-SHARE-DIVIDEND>                                                (.26)
<PER-SHARE-DISTRIBUTIONS>                                              0
<RETURNS-OF-CAPITAL>                                                   0
<PER-SHARE-NAV-END>                                                 8.70
<EXPENSE-RATIO>                                                      .95
[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>  2
   <NAME>  AXP SELECTIVE FUND CLASS B

                                                          
<PERIOD-TYPE>                                                6-MOS
<FISCAL-YEAR-END>                                            MAY-31-2000
<PERIOD-END>                                                 NOV-30-1999
<INVESTMENTS-AT-COST>                                                  0
<INVESTMENTS-AT-VALUE>                                                 0
<RECEIVABLES>                                                          0
<ASSETS-OTHER>                                                1467934442
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<PAYABLE-FOR-SECURITIES>                                               0
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<OTHER-ITEMS-LIABILITIES>                                        2168781
<TOTAL-LIABILITIES>                                              2168781
<SENIOR-EQUITY>                                                        0
<PAID-IN-CAPITAL-COMMON>                                      1477928806
<SHARES-COMMON-STOCK>                                           23638433
<SHARES-COMMON-PRIOR>                                           23478633
<ACCUMULATED-NII-CURRENT>                                         256730
<OVERDISTRIBUTION-NII>                                                 0
<ACCUMULATED-NET-GAINS>                                         18820641
<OVERDISTRIBUTION-GAINS>                                               0
<ACCUM-APPREC-OR-DEPREC>                                      (31240516)
<NET-ASSETS>                                                   205762175
<DIVIDEND-INCOME>                                                 403551
<INTEREST-INCOME>                                               52799609
<OTHER-INCOME>                                                         0
<EXPENSES-NET>                                                   7972638
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<SHARES-REINVESTED>                                               540829
<NET-CHANGE-IN-ASSETS>                                        (110830880)
<ACCUMULATED-NII-PRIOR>                                           791648
<ACCUMULATED-GAINS-PRIOR>                                       21737681
<OVERDISTRIB-NII-PRIOR>                                                0
<OVERDIST-NET-GAINS-PRIOR>                                             0
<GROSS-ADVISORY-FEES>                                             541607
<INTEREST-EXPENSE>                                                     0
<GROSS-EXPENSE>                                                  8001090
<AVERAGE-NET-ASSETS>                                           208609314
<PER-SHARE-NAV-BEGIN>                                               8.96
<PER-SHARE-NII>                                                      .22
<PER-SHARE-GAIN-APPREC>                                             (.25)
<PER-SHARE-DIVIDEND>                                                (.23)
<PER-SHARE-DISTRIBUTIONS>                                              0
<RETURNS-OF-CAPITAL>                                                   0
<PER-SHARE-NAV-END>                                                 8.70
<EXPENSE-RATIO>                                                     1.71
[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>  3
   <NAME>  AXP SELECTIVE FUND CLASS Y

                                                                
<PERIOD-TYPE>                                                      6-MOS
<FISCAL-YEAR-END>                                                  MAY-31-2000
<PERIOD-END>                                                       NOV-30-1999
<INVESTMENTS-AT-COST>                                                        0
<INVESTMENTS-AT-VALUE>                                                       0
<RECEIVABLES>                                                                0
<ASSETS-OTHER>                                                      1467934442
<OTHER-ITEMS-ASSETS>                                                         0
<TOTAL-ASSETS>                                                      1467934442
<PAYABLE-FOR-SECURITIES>                                                     0
<SENIOR-LONG-TERM-DEBT>                                                      0
<OTHER-ITEMS-LIABILITIES>                                              2168781
<TOTAL-LIABILITIES>                                                    2168781
<SENIOR-EQUITY>                                                              0
<PAID-IN-CAPITAL-COMMON>                                            1477928806
<SHARES-COMMON-STOCK>                                                 20011012
<SHARES-COMMON-PRIOR>                                                 21851833
<ACCUMULATED-NII-CURRENT>                                               256730
<OVERDISTRIBUTION-NII>                                                       0
<ACCUMULATED-NET-GAINS>                                               18820641
<OVERDISTRIBUTION-GAINS>                                                     0
<ACCUM-APPREC-OR-DEPREC>                                             (31240516)
<NET-ASSETS>                                                         174106351
<DIVIDEND-INCOME>                                                       403551
<INTEREST-INCOME>                                                     52799609
<OTHER-INCOME>                                                               0
<EXPENSES-NET>                                                         7972638
<NET-INVESTMENT-INCOME>                                               45230522
<REALIZED-GAINS-CURRENT>                                              (2917040)
<APPREC-INCREASE-CURRENT>                                            (40702883)
<NET-CHANGE-FROM-OPS>                                                  1610599
<EQUALIZATION>                                                               0
<DISTRIBUTIONS-OF-INCOME>                                              5815930
<DISTRIBUTIONS-OF-GAINS>                                                     0
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<NUMBER-OF-SHARES-REDEEMED>                                            5036425
<SHARES-REINVESTED>                                                          0
<NET-CHANGE-IN-ASSETS>                                              (110830880)
<ACCUMULATED-NII-PRIOR>                                                 791648
<ACCUMULATED-GAINS-PRIOR>                                             21737681
<OVERDISTRIB-NII-PRIOR>                                                      0
<OVERDIST-NET-GAINS-PRIOR>                                                   0
<GROSS-ADVISORY-FEES>                                                   499793
<INTEREST-EXPENSE>                                                           0
<GROSS-EXPENSE>                                                        8001090
<AVERAGE-NET-ASSETS>                                                 186002767
<PER-SHARE-NAV-BEGIN>                                                     8.96
<PER-SHARE-NII>                                                            .26
<PER-SHARE-GAIN-APPREC>                                                   (.25)
<PER-SHARE-DIVIDEND>                                                      (.27)
<PER-SHARE-DISTRIBUTIONS>                                                    0
<RETURNS-OF-CAPITAL>                                                         0
<PER-SHARE-NAV-END>                                                       8.70
<EXPENSE-RATIO>                                                            .80
[AVG-DEBT-OUTSTANDING]                                                       0
[AVG-DEBT-PER-SHARE]                                                         0


 

EX-99

EXHIBIT 77D for AXP Selective Fund

At the Board of Directors meetings held on September 8-9, 1999, the following
investment policy was eliminated:

Under normal market conditions, the Portfolio does not intend to commit more
than 5% of its total assets to when-issued securities or forward commitments.