<ARTICLE> 6

   <NUMBER>  20
   <NAME>   AXP INNOVATIONS FUND CLASS C

                                           
<PERIOD-TYPE>                                        YEAR
<FISCAL-YEAR-END>                             OCT-31-2000
<PERIOD-END>                                  OCT-31-2000
<INVESTMENTS-AT-COST>                                   0
<INVESTMENTS-AT-VALUE>                                  0
<RECEIVABLES>                                      130158
<ASSETS-OTHER>                                  461129234
<OTHER-ITEMS-ASSETS>                                    0
<TOTAL-ASSETS>                                  461259392
<PAYABLE-FOR-SECURITIES>                                0
<SENIOR-LONG-TERM-DEBT>                                 0
<OTHER-ITEMS-LIABILITIES>                          163817
<TOTAL-LIABILITIES>                                163817
<SENIOR-EQUITY>                                         0
<PAID-IN-CAPITAL-COMMON>                        470611107
<SHARES-COMMON-STOCK>                              692081
<SHARES-COMMON-PRIOR>                                   0
<ACCUMULATED-NII-CURRENT>                               0
<OVERDISTRIBUTION-NII>                                  0
<ACCUMULATED-NET-GAINS>                                 0
<OVERDISTRIBUTION-GAINS>                         21031088
<ACCUM-APPREC-OR-DEPREC>                         11515556
<NET-ASSETS>                                      3298488
<DIVIDEND-INCOME>                                    6839
<INTEREST-INCOME>                                 1315015
<OTHER-INCOME>                                          0
<EXPENSES-NET>                                    2245585
<NET-INVESTMENT-INCOME>                           (923731)
<REALIZED-GAINS-CURRENT>                        (12166298)
<APPREC-INCREASE-CURRENT>                         7561646
<NET-CHANGE-FROM-OPS>                            (5528383)
<EQUALIZATION>                                          0
<DISTRIBUTIONS-OF-INCOME>                               0
<DISTRIBUTIONS-OF-GAINS>                                0
<DISTRIBUTIONS-OTHER>                                   0
<NUMBER-OF-SHARES-SOLD>                            698058
<NUMBER-OF-SHARES-REDEEMED>                          5977
<SHARES-REINVESTED>                                     0
<NET-CHANGE-IN-ASSETS>                          453214861
<ACCUMULATED-NII-PRIOR>                                 0
<ACCUMULATED-GAINS-PRIOR>                          970722
<OVERDISTRIB-NII-PRIOR>                                 0
<OVERDIST-NET-GAINS-PRIOR>                              0
<GROSS-ADVISORY-FEES>                                8264
<INTEREST-EXPENSE>                                      0
<GROSS-EXPENSE>                                   2602252
<AVERAGE-NET-ASSETS>                              1390401
<PER-SHARE-NAV-BEGIN>                                5.05
<PER-SHARE-NII>                                      (.01)
<PER-SHARE-GAIN-APPREC>                              (.27)
<PER-SHARE-DIVIDEND>                                    0
<PER-SHARE-DISTRIBUTIONS>                               0
<RETURNS-OF-CAPITAL>                                    0
<PER-SHARE-NAV-END>                                  4.77
<EXPENSE-RATIO>                                      2.01