24F-2NT

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July 25, 1996



Securities and Exchange Commission
Attention:  Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C.  20549-1004

RE:  Rule 24(f)-2 Notice for
     IDS Extra Income Fund, Inc.
     SEC File No. 2-86637/811-3848

Commissioners:

[i]  In accordance with the provisions of
     Rule 24f-2, IDS Extra Income Fund, Inc.
     hereby files its Rule 24f-2 Notice for
     the fiscal period ended May 31, 1996
     ("Fiscal Period").

[ii] Amount of securities registered other
     than under 24f-2 which were unsold at the
     beginning of the fiscal period.*                           $0

[iii]Amount of securities registered during the
     fiscal period other than under 24f-2.**                    $0

[iv] Amount of securities sold during the fiscal
     period.***                                       $429,260,681

[v]  Amount of securities sold pursuant to 24f-2.     $429,260,681

[vi] Fee          $429,260,681   /   2900              $148,020.92

*       0    shares x        $4.51   on     July 17, 1996
**      0    shares x        $4.51   on     July 17, 1996
***  Sales of  $727,214,231   minus redemptions of    $297,953,550

Enclosed please find an opinion of counsel.

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Securities and Exchange Commission
July 25, 1996



A check for the filing fee in the amount of $148,020.92 has been
electronically wired.

If there are any questions, please contact the undersigned.

Very truly yours,

IDS EXTRA INCOME FUND, INC.



William R. Pearce
President and Chief Executive Officer

WRP/NL/arw

Enclosures

EX-99

EXHIBIT INDEX
(b) (10) OPINION OF COUNSEL

EX-99

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July 25, 1996


IDS Extra Income Fund, Inc.
IDS Tower 10
Minneapolis, Minnesota  55440-0010

Gentlemen:

I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes
of the State of Minnesota, and it is my opinion:

(a)  That the Company is a corporation duly organized and existing
     under the laws of the State of Minnesota with an authorized
     capital stock of 10,000,000,000 shares, all of $.01 par
     value, that such shares may be issued as full or fractional
     shares and that on May 31, 1996, 556,401,880 shares were
     issued and outstanding;

(b)  That all such authorized shares are, under the laws of the
     State of Minnesota, redeemable as provided in the Articles of
     Incorporation of the Company and upon redemption shall have
     the status of authorized and unissued shares;

(c)  That the Company registered on December 2, 1983, an
     indefinite number of shares pursuant to Rule 24f-2 and is
     herewith filing a Rule 24f-2 Notice covering the shares sold
     during its Fiscal Period ended May 31, 1996; and

(d)  That shares which were sold at not less than their par value
     and in accordance with applicable federal and state
     securities laws were legally issued, fully paid and
     nonassessable.

I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.

Very truly yours,



William R. Pearce
901 S. Marquette Ave., Suite 2810
Minneapolis, MN 55402-3268

WRP/NL/arw