NSAR-B

      PAGE  1
000 B000000 05/31/97
000 C000000 0000052407
000 D000000 N
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000 F000000 Y
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000 I000000 3.0.a
000 J000000 A
001 A000000 IDS SELECTIVE FUND, INC.
001 B000000 811-00499
001 C000000 6126712772
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 Y
007 B000000  3
007 C010100  1
007 C020100 IDS SELECTIVE FUND CLASS A
007 C030100 N
007 C010200  2
007 C020200 IDS SELECTIVE FUND CLASS B
007 C030200 N
007 C010300  3
007 C020300 IDS SELECTIVE FUND CLASS Y
007 C030300 N
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
      PAGE  2
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
015 A00AA01 FIRST BANK NATIONAL ASSOCIATION
015 B00AA01 C
015 C01AA01 SAINT PAUL
015 C02AA01 MN
015 C03AA01 55101
015 C04AA01 1631
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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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      PAGE  8
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      PAGE  9
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

EX-99

KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis, MN  55402
Independent Auditors' Report on Internal Accounting 
Control
The Board of Directors and Shareholders
IDS Selective Fund, Inc.:
In planning and performing our audits of the financial 
statements of IDS Selective Fund, Inc. for the year ended 
May 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 Selective 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 consideration 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 matter 
involving the internal control structure, including 
procedures for safeguarding securities, that we consider to 
be a material weakness as defined above as of May 31, 
1997.
This report is intended solely for the information and use of 
management and the Securities and Exchange Commission.
KPMG Peat Marwick LLP

Minneapolis, Minnesota
July 3, 1997

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\par    <NUMBER>  1
\par    <NAME>  IDS SELECTIVE FUND CLASS A
\par        
\par                              <C>
\par <PERIOD\_TYPE>                   \tab \tab    12-MOS
\par <FISCAL\_YEAR\_END>                          MAY-31-1997
\par <PERIOD\_END>                               MAY-31-1997
\par <INVESTMENTS\_AT\_COST>                       \tab \tab    0
\par <INVESTMENTS\_AT\_VALUE>                      \tab \tab    0
\par <RECEIVABLES>                                        0
\par <ASSETS\_OTHER>                              1615061028
\par <OTHER\_ITEMS\_ASSETS>                                 0
\par <TOTAL\_ASSETS>                              1615061028
\par <PAYABLE\_FOR\_SECURITIES>                             0
\par <SENIOR\_LONG\_TERM\_DEBT>                              0
\par <OTHER\_ITEMS\_LIABILITIES>                       858471
\par <TOTAL\_LIABILITIES>                             858471
\par <SENIOR\_EQUITY>                                      0
\par <PAID\_IN\_CAPITAL\_COMMON>                    1575007596
\par <SHARES\_COMMON\_STOCK>                        142906961
\par <SHARES\_COMMON\_PRIOR>                        156543298
\par <ACCUMULATED\_NII\_CURRENT>                      2115568
\par <OVERDISTRIBUTION\_NII>                               0
\par <ACCUMULATED\_NET\_GAINS>                        8623089
\par <OVERDISTRIBUTION\_GAINS>                             0
\par <ACCUM\_APPREC\_OR\_DEPREC>                      28456304
\par <NET\_ASSETS>                                1285926129
\par <DIVIDEND\_INCOME>                               598700
\par <INTEREST\_INCOME>                            122682242
\par <OTHER\_INCOME>                                       0
\par <EXPENSES\_NET>                                15258561
\par <NET\_INVESTMENT\_INCOME>                      108022381
\par <REALIZED\_GAINS\_CURRENT>                       8252506
\par <APPREC\_INCREASE\_CURRENT>                     14747409
\par <NET\_CHANGE\_FROM\_OPS>                        131022296
\par <EQUALIZATION>                                       0
\par <DISTRIBUTIONS\_OF\_INCOME>                     86883047 
\par <DISTRIBUTIONS\_OF\_GAINS>                      18740975
\par <DISTRIBUTIONS\_OTHER>                                0
\par <NUMBER\_OF\_SHARES\_SOLD>                       12079376
\par <NUMBER\_OF\_SHARES\_REDEEMED>                   34561749 
\par <SHARES\_REINVESTED>                            8846036
\par <NET\_CHANGE\_IN\_ASSETS>                     (114448557)
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\par <OVERDISTRIB\_NII\_PRIOR>                              0
\par <OVERDIST\_NET\_GAINS\_PRIOR>                           0
\par <GROSS\_ADVISORY\_FEES>                          8761595
\par <INTEREST\_EXPENSE>                                   0
\par <GROSS\_EXPENSE>                                6746873
\par <AVERAGE\_NET\_ASSETS>                        1361705142
\par <PER\_SHARE\_NAV\_BEGIN>                             9.00
\par <PER\_SHARE\_NII>                                    .59
\par <PER\_SHARE\_GAIN\_APPREC>                            .12
\par <PER\_SHARE\_DIVIDEND>                               .58
\par <PER\_SHARE\_DISTRIBUTIONS>                          .13
\par <RETURNS\_OF\_CAPITAL>                                 0
\par <PER\_SHARE\_NAV\_END>                               9.00
\par <EXPENSE\_RATIO>                                    .88
\par <AVG\_DEBT\_OUTSTANDING>                               0
\par <AVG\_DEBT\_PER\_SHARE>                                 0
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EX-27

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\par }

 

EX-27

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

 <C>

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\par                              <C>
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