NSAR-A

      PAGE  1
000 A000000 11/30/97
000 C000000 0000764802
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS FEDERAL INCOME FUND, INC.
001 B000000 811-4260
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
018  00AA00 N
019 A00AA00 Y
019 B00AA00   47
019 C00AA00 IDSMUTFDGR
028 A01AA00    187426
028 A02AA00      8682
028 A03AA00         0
028 A04AA00    138937
028 B01AA00    198929
028 B02AA00      9137
028 B03AA00         0
028 B04AA00    178023
028 C01AA00    193456
028 C02AA00     10466
028 C03AA00         0
028 C04AA00    186195
028 D01AA00    187384
028 D02AA00      9178
028 D03AA00         0
028 D04AA00    165219
028 E01AA00    199110
028 E02AA00     11003
028 E03AA00         0
028 E04AA00    228439
028 F01AA00    159048
028 F02AA00      9720
028 F03AA00         0
028 F04AA00    143571
      PAGE  2
028 G01AA00   1125353
028 G02AA00     58186
028 G03AA00         0
028 G04AA00   1040384
028 H00AA00    349103
071 A00AA00         0
071 B00AA00         0
071 C00AA00         0
071 D00AA00    0
072 A00AA00  6
072 B00AA00    78945
072 C00AA00        0
072 D00AA00        0
072 E00AA00        0
072 F00AA00     5928
072 G00AA00      541
072 H00AA00        0
072 I00AA00     1115
072 J00AA00        0
072 K00AA00      176
072 L00AA00        1
072 M00AA00        5
072 N00AA00      300
072 O00AA00        0
072 P00AA00        0
072 Q00AA00        0
072 R00AA00        5
072 S00AA00        0
072 T00AA00     3318
072 U00AA00        0
072 V00AA00        0
072 W00AA00     1962
072 X00AA00    13351
072 Y00AA00      184
072 Z00AA00    65778
072AA00AA00        0
072BB00AA00    20797
072CC01AA00    48667
072CC02AA00        0
072DD01AA00    65376
072DD02AA00        0
072EE00AA00        0
073 A01AA00   0.0000
073 A02AA00   0.0000
073 B00AA00   0.0000
073 C00AA00   0.0000
074 A00AA00        0
074 B00AA00        0
074 C00AA00        0
074 D00AA00        0
074 E00AA00        0
      PAGE  3
074 F00AA00        0
074 G00AA00        0
074 H00AA00        0
074 I00AA00        0
074 J00AA00        0
074 K00AA00        0
074 L00AA00        0
074 M00AA00  2375383
074 N00AA00  2375383
074 O00AA00        0
074 P00AA00       73
074 Q00AA00        0
074 R01AA00        0
074 R02AA00        0
074 R03AA00        0
074 R04AA00     1765
074 S00AA00        0
074 T00AA00  2373545
074 U01AA00   471109
074 U02AA00        0
074 V01AA00     0.00
074 V02AA00     0.00
074 W00AA00   0.0000
074 X00AA00   142591
074 Y00AA00        0
075 A00AA00        0
075 B00AA00  2313547
076  00AA00     0.00
077 A000000 Y
077 B000000 N
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
029  000100 Y
030 A000100  18308
030 B000100  5.00
030 C000100  0.50
031 A000100   6372
031 B000100      0
032  000100      0
      PAGE  4
033  000100  11936
031 A000200      0
031 B000200      0
032  000200      0
033  000200      0
034  000200 Y
035  000200    400
036 A000200 N
036 B000200      0
042 A000200   0
042 B000200   0
042 C000200   0
042 D000200   0
042 E000200   0
042 F000200   0
042 G000200   0
042 H000200 100
043  000200   3318
044  000200      0
031 A000300      0
031 B000300      0
032  000300      0
033  000300      0
SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

EX-27

 

<ARTICLE> 6

   <NUMBER>  1
   <NAME>  IDS FEDERAL INCOME FUND CLASS A
       
                                                
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                263282241
<SHARES-COMMON-PRIOR>                                254683165
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                        1326488963
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
<APPREC-INCREASE-CURRENT>                             48666966
<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                           (38972796)
<DISTRIBUTIONS-OF-GAINS>                                     0
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                              108664381
<NUMBER-OF-SHARES-REDEEMED>                        (106620186)
<SHARES-REINVESTED>                                    6554881
<NET-CHANGE-IN-ASSETS>                               171427699
<ACCUMULATED-NII-PRIOR>                                1029490
<ACCUMULATED-GAINS-PRIOR>                           (51321935)
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
<GROSS-ADVISORY-FEES>                                  3313171
<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                1314689486
<PER-SHARE-NAV-BEGIN>                                     4.98
<PER-SHARE-NII>                                            .15
<PER-SHARE-GAIN-APPREC>                                    .06
<PER-SHARE-DIVIDEND>                                     (.15)
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                            .87
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

 

EX-27

 

<ARTICLE> 6

   <NUMBER>  2
   <NAME>  IDS FEDERAL INCOME FUND CLASS B
       
                                                
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                184582824
<SHARES-COMMON-PRIOR>                                164814003
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                         929939445
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
<APPREC-INCREASE-CURRENT>                             48666966
<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                           (22968698)
<DISTRIBUTIONS-OF-GAINS>                                     0
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                              110875237
<NUMBER-OF-SHARES-REDEEMED>                         (95450673)
<SHARES-REINVESTED>                                    4344257
<NET-CHANGE-IN-ASSETS>                               171427699
<ACCUMULATED-NII-PRIOR>                                1029490
<ACCUMULATED-GAINS-PRIOR>                           (51321935)
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
<GROSS-ADVISORY-FEES>                                  2322709
<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                 887156206
<PER-SHARE-NAV-BEGIN>                                     4.98
<PER-SHARE-NII>                                            .13
<PER-SHARE-GAIN-APPREC>                                    .06
<PER-SHARE-DIVIDEND>                                     (.13)
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                           1.63
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0
        

 

EX-27

 

<ARTICLE> 6

   <NUMBER>  3
   <NAME>  IDS FEDERAL INCOME FUND CLASS Y
       
                                                
<PERIOD-TYPE>                                            6-MOS
<FISCAL-YEAR-END>                                  MAY-31-1998
<PERIOD-END>                                       NOV-30-1997
<INVESTMENTS-AT-COST>                                        0
<INVESTMENTS-AT-VALUE>                                       0
<RECEIVABLES>                                                0
<ASSETS-OTHER>                                      2375382715
<OTHER-ITEMS-ASSETS>                                         0
<TOTAL-ASSETS>                                      2375382715
<PAYABLE-FOR-SECURITIES>                                     0
<SENIOR-LONG-TERM-DEBT>                                      0
<OTHER-ITEMS-LIABILITIES>                              1837778
<TOTAL-LIABILITIES>                                    1837778
<SENIOR-EQUITY>                                              0
<PAID-IN-CAPITAL-COMMON>                            2379181765
<SHARES-COMMON-STOCK>                                 23244364
<SHARES-COMMON-PRIOR>                                 23053358
<ACCUMULATED-NII-CURRENT>                              1432189
<OVERDISTRIBUTION-NII>                                       0
<ACCUMULATED-NET-GAINS>                                      0
<OVERDISTRIBUTION-GAINS>                            (72118590)
<ACCUM-APPREC-OR-DEPREC>                              65049573
<NET-ASSETS>                                         117116529
<DIVIDEND-INCOME>                                            0
<INTEREST-INCOME>                                     78944600
<OTHER-INCOME>                                               0
<EXPENSES-NET>                                        13166301
<NET-INVESTMENT-INCOME>                               65778299
<REALIZED-GAINS-CURRENT>                            (20796655)
<APPREC-INCREASE-CURRENT>                             48666966
<NET-CHANGE-FROM-OPS>                                 93648610
<EQUALIZATION>                                               0
<DISTRIBUTIONS-OF-INCOME>                              3434106
<DISTRIBUTIONS-OF-GAINS>                                     0
<DISTRIBUTIONS-OTHER>                                        0
<NUMBER-OF-SHARES-SOLD>                                4662873
<NUMBER-OF-SHARES-REDEEMED>                          (5150809)
<SHARES-REINVESTED>                                     678942
<NET-CHANGE-IN-ASSETS>                               171427699
<ACCUMULATED-NII-PRIOR>                                1029490
<ACCUMULATED-GAINS-PRIOR>                           (51321935)
<OVERDISTRIB-NII-PRIOR>                                      0
<OVERDIST-NET-GAINS-PRIOR>                                   0
<GROSS-ADVISORY-FEES>                                   292522
<INTEREST-EXPENSE>                                           0
<GROSS-EXPENSE>                                       13350364
<AVERAGE-NET-ASSETS>                                 114289304
<PER-SHARE-NAV-BEGIN>                                     4.97
<PER-SHARE-NII>                                            .15
<PER-SHARE-GAIN-APPREC>                                    .07
<PER-SHARE-DIVIDEND>                                     (.15)
<PER-SHARE-DISTRIBUTIONS>                                    0
<RETURNS-OF-CAPITAL>                                         0
<PER-SHARE-NAV-END>                                       5.04
<EXPENSE-RATIO>                                            .80
<AVG-DEBT-OUTSTANDING>                                       0
<AVG-DEBT-PER-SHARE>                                         0