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PROSPECTUS SUPPLEMENT April 22, 1996         

IDS Selective Fund, Inc. (Jan. 29, 1996)  S-6376 K


The cover page has been revised to add:

     "The Fund will change its organizational structure in May,
1996 and its investments will be managed under a master/feeder
arrangement.  The investments will not change and they will
continue to be managed by the same portfolio manager in the same
manner as they are now managed.  The reason for the change is to
permit American Express Financial Corporation to manage several
funds and accounts on a combined basis thereby possibly reducing
some costs.  The Fund will own units of the Quality Income
Portfolio of the Income Trust which is an investment company having
the same investment objectives, policies and restrictions as the
Fund.  Except for certain annual and semi-annual financial
statements of the Fund that you receive, your investment and all
the reports will remain unchanged."

The section "Sales charge and Fund expenses" is modified as
follows:

     "...Fund operating expenses are paid out of Fund assets for
each class of shares and include expenses charged by both the Fund
and the Portfolio...."

The fee table is modified as follows:

Shareholder transaction expenses

                                     Class A    Class B    Class Y
Maximum sales charge on purchases*
(as a percentage of offering price)        5%        0%         0%
Maximum deferred sales charge imposed
on redemptions (as a percentage of
original purchase price)

Annual Fund operating expenses including amount 
paid for investment management services**
(% of average daily net assets):            0%        5%         0%

                                     Class A    Class B   Class Y

Management fee                          0.51%     0.51%     0.51%

12b-1 fee                               0.00%     0.75%     0.00%

Other expenses***                       0.40%     0.41%     0.22%

Total****                               0.91%     1.67%     0.73%

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*  This charge may be reduced depending on your total investments
in IDS funds.  See "Reductions of the sales charge."

**  Expenses for Class A are based on actual expenses for the last
fiscal year, restated to reflect current fees.  Expenses for Class
B and Class Y are based on actual annualized expenses for the
period from March 20, 1995 to Nov. 30, 1995.

***  Other expenses include an administrative services fee, a
shareholder services fee for Class A and Class B, a transfer agency
fee and other non-advisory expenses.

**** The Board considered whether the aggregate expenses of the
Fund and the Portfolio would be more or less than if the Fund
invested directly in the type of securities being held by its
corresponding Portfolio.  American Express Financial Corporation
has agreed to pay the small additional costs required to use a
master/feeder structure to manage the investment portfolio during
the first year of its operation and half of such costs in the
second year.  These additional costs may be more than offset in
subsequent years if the assets being managed increase.

The section "Special considerations regarding master/feeder
structure" has been revised to add:

     "Information on other funds investing in the Portfolio may be
obtained by contacting American Express Financial Advisors at 1-
800-AXP-SERV."

The "Board members and officers" section has been revised to add:

     "The members of the Board also serve as members of the Board
of the Income Trust which manages the investments of the Fund and
other accounts.  Should any conflict of interest arise between the
interests of the shareholders of the Fund and those of the other
accounts, the Board will follow written procedures to address the
conflict."

S - 6376-22 A (4/96)
* Destroy July 30, 1996