<PAGE> PAGE 1
000 A000000 05/31/97
000 C000000 0000202159
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 TAX-EXEMPT BOND FUND, INC.
001 B000000 811-2686
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 8
007 C010100 1
007 C020100 IDS TAX-EXEMPT BOND FUND CLASS A
007 C030100 N
007 C010200 2
007 C020200 IDS TAX-EXEMPT BOND FUND CLASS B
007 C030200 N
007 C010300 3
007 C020300 IDS TAX-EXEMPT BOND FUND CLASS Y
007 C030300 N
007 C010400 4
007 C020400 IDS TAX-EXEMPT BOND FUND
007 C030400 N
007 C010500 5
007 C020500 IDS INTERMEDIATE TAX-EXEMPT FUND
007 C030500 N
007 C010600 6
007 C020600 IDS INTERMEDIATE TAX-EXEMPT FUND A
007 C030600 N
007 C010700 7
007 C020700 IDS INTERMEDIATE TAX-EXEMPT FUND B
007 C030700 N
007 C010800 8
007 C020800 IDS INTERMEDIATE TAX-EXEMPT FUND Y
007 C030800 N
007 C010900 9
007 C011000 10
022 A000001 GOLDMAN SACHS & CO.
022 B000001 13-5108880
<PAGE> PAGE 2
022 C000001 56688
022 D000001 59628
022 A000002 SMITH BARNEY INC.
022 B000002 13-1912900
022 C000002 57930
022 D000002 41779
022 A000003 PAINEWEBBER INC.
022 B000003 13-2638166
022 C000003 46577
022 D000003 34440
022 A000004 LEHMAN BROTHERS INC.
022 B000004 13-2518466
022 C000004 41008
022 D000004 21326
022 A000005 J.P. MORGAN SECURITIES INC.
022 B000005 13-3224016
022 C000005 23309
022 D000005 30836
022 A000006 MORGAN STANLEY & CO., INC.
022 B000006 13-2655998
022 C000006 13167
022 D000006 33675
022 A000007 PRUDENTIAL SECURITIES INC.
022 B000007 22-2347336
022 C000007 17129
022 D000007 8233
022 A000008 WILLLIAM E. SIMON & SONS SEC., INC.
022 B000008 22-3017217
022 C000008 6906
022 D000008 8841
022 A000009 BEAR STEARNS & CO., INC.
022 B000009 13-3299429
022 C000009 468
022 D000009 6718
022 A000010 PIPPER JAFFRAY INC.
022 B000010 41-0953246
022 C000010 3862
022 D000010 2806
023 C000000 299579
023 D000000 275184
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
<PAGE> PAGE 3
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
080 C00AA00 0
081 B00AA00 0
082 B00AA00 0
083 B00AA00 0
084 B00AA00 0
029 000100 Y
030 A000100 388
030 B000100 5.00
030 C000100 0.50
031 A000100 129
031 B000100 0
032 000100 0
033 000100 259
034 000100 Y
035 000100 0
036 A000100 N
036 B000100 0
034 000200 Y
035 000200 18
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 76
044 000200 0
028 A010400 5233
028 A020400 3133
028 A030400 0
028 A040400 16809
028 B010400 5994
028 B020400 3469
028 B030400 0
028 B040400 16420
028 C010400 3723
028 C020400 3135
028 C030400 0
028 C040400 20094
028 D010400 2648
028 D020400 2804
028 D030400 0
<PAGE> PAGE 4
028 D040400 15813
028 E010400 5167
028 E020400 3347
028 E030400 0
028 E040400 19225
028 F010400 5121
028 F020400 2953
028 F030400 0
028 F040400 13578
028 G010400 27886
028 G020400 18841
028 G030400 0
028 G040400 101939
028 H000400 9012
062 A000400 Y
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 4.8
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 1.7
062 M000400 0.0
062 N000400 0.0
062 O000400 93.5
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 19.0
064 A000400 Y
064 B000400 N
070 A010400 Y
070 A020400 N
070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 Y
070 E020400 Y
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
070 H010400 N
<PAGE> PAGE 5
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 N
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 81782
071 B000400 128200
071 C000400 994165
071 D000400 8
072 A000400 6
072 B000400 31343
072 C000400 0
072 D000400 0
072 E000400 0
072 F000400 2336
072 G000400 215
072 H000400 1
072 I000400 235
072 J000400 34
072 K000400 48
072 L000400 13
072 M000400 9
072 N000400 47
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 18
072 S000400 0
072 T000400 76
072 U000400 0
072 V000400 0
072 W000400 895
072 X000400 3927
072 Y000400 53
072 Z000400 27469
<PAGE> PAGE 6
072AA000400 0
072BB000400 608
072CC010400 0
072CC020400 9173
072DD010400 27407
072DD020400 0
072EE000400 0
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 0
074 B000400 0
074 C000400 49100
074 D000400 956333
074 E000400 0
074 F000400 0
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 974
074 K000400 0
074 L000400 16955
074 M000400 0
074 N000400 1023362
074 O000400 0
074 P000400 24
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 981
074 S000400 0
074 T000400 1022357
074 U010400 257066
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 29402
074 Y000400 0
075 A000400 0
075 B000400 1046829
076 000400 0.00
028 A010500 5150
028 A020500 8
028 A030500 0
028 A040500 243
028 B010500 3517
028 B020500 21
028 B030500 0
<PAGE> PAGE 7
028 B040500 880
028 C010500 7456
028 C020500 34
028 C030500 0
028 C040500 911
028 D010500 4041
028 D020500 40
028 D030500 0
028 D040500 1359
028 E010500 4408
028 E020500 59
028 E030500 0
028 E040500 1473
028 F010500 2070
028 F020500 46
028 F030500 0
028 F040500 5076
028 G010500 26642
028 G020500 208
028 G030500 0
028 G040500 9942
028 H000500 4896
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 10.6
062 F000500 0.0
062 G000500 0.0
062 H000500 0.0
062 I000500 0.0
062 J000500 0.0
062 K000500 0.0
062 L000500 1.1
062 M000500 0.0
062 N000500 0.0
062 O000500 88.3
062 P000500 0.0
062 Q000500 0.0
062 R000500 0.0
063 A000500 0
063 B000500 4.2
064 A000500 Y
064 B000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
<PAGE> PAGE 8
070 D020500 N
070 E010500 Y
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 N
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 N
070 K020500 N
070 L010500 N
070 L020500 N
070 M010500 N
070 M020500 N
070 N010500 Y
070 N020500 N
070 O010500 Y
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 18373
071 B000500 2599
071 C000500 11750
071 D000500 22
072 A000500 6
072 B000500 310
072 C000500 0
072 D000500 0
072 E000500 0
072 F000500 31
072 G000500 4
072 H000500 3
072 I000500 4
072 J000500 5
072 K000500 4
072 L000500 3
072 M000500 0
072 N000500 65
072 O000500 0
072 P000500 0
072 Q000500 0
072 R000500 7
<PAGE> PAGE 9
072 S000500 0
072 T000500 11
072 U000500 0
072 V000500 0
072 W000500 13
072 X000500 150
072 Y000500 77
072 Z000500 237
072AA000500 0
072BB000500 50
072CC010500 0
072CC020500 40
072DD010500 235
072DD020500 0
072EE000500 0
073 A010500 0.0000
073 A020500 0.0000
073 B000500 0.0000
073 C000500 0.0000
074 A000500 0
074 B000500 0
074 C000500 2000
074 D000500 16603
074 E000500 0
074 F000500 0
074 G000500 0
074 H000500 0
074 I000500 0
074 J000500 0
074 K000500 0
074 L000500 264
074 M000500 0
074 N000500 18867
074 O000500 0
074 P000500 0
074 Q000500 0
074 R010500 0
074 R020500 0
074 R030500 0
074 R040500 57
074 S000500 0
074 T000500 18810
074 U010500 3751
074 U020500 0
074 V010500 0.00
074 V020500 0.00
074 W000500 0.0000
074 X000500 744
074 Y000500 0
075 A000500 13411
075 B000500 0
<PAGE> PAGE 10
076 000500 0.00
029 000600 Y
030 A000600 301
030 B000600 5.00
030 C000600 0.50
031 A000600 97
031 B000600 0
032 000600 0
033 000600 204
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 100
043 000700 11
044 000700 0
SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS INTERMEDIATE TAX-EXEMPT BOND FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 18636013
<INVESTMENTS-AT-VALUE> 18602999
<RECEIVABLES> 263508
<ASSETS-OTHER> 98
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18866605
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56740
<TOTAL-LIABILITIES> 56740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18890807
<SHARES-COMMON-STOCK> 2800494
<SHARES-COMMON-PRIOR> 306397
<ACCUMULATED-NII-CURRENT> 2122
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (50050)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (33014)
<NET-ASSETS> 18809865
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 309610
<OTHER-INCOME> 0
<EXPENSES-NET> 72179
<NET-INVESTMENT-INCOME> 237431
<REALIZED-GAINS-CURRENT> (50050)
<APPREC-INCREASE-CURRENT> (39580)
<NET-CHANGE-FROM-OPS> 0
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 192417
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 4183360
<NUMBER-OF-SHARES-REDEEMED> (1722870)
<SHARES-REINVESTED> 33607
<NET-CHANGE-IN-ASSETS> 16810927
<ACCUMULATED-NII-PRIOR> 936
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 72179
<AVERAGE-NET-ASSETS> 10689475
<PER-SHARE-NAV-BEGIN> 5.04
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.09)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.01
<EXPENSE-RATIO> .90
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS INTERMEDIATE TAX-EXEMPT BOND FUND CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 18636013
<INVESTMENTS-AT-VALUE> 18602999
<RECEIVABLES> 263508
<ASSETS-OTHER> 98
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18866605
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56740
<TOTAL-LIABILITIES> 56740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18890807
<SHARES-COMMON-STOCK> 950387
<SHARES-COMMON-PRIOR> 89748
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (33014)
<NET-ASSETS> 4765448
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 309610
<OTHER-INCOME> 0
<EXPENSES-NET> 72179
<NET-INVESTMENT-INCOME> 237431
<REALIZED-GAINS-CURRENT> (50050)
<APPREC-INCREASE-CURRENT> (39580)
<NET-CHANGE-FROM-OPS> 147801
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 42874
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1120576
<NUMBER-OF-SHARES-REDEEMED> (267798)
<SHARES-REINVESTED> 7864
<NET-CHANGE-IN-ASSETS> 16810927
<ACCUMULATED-NII-PRIOR> 936
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 72179
<AVERAGE-NET-ASSETS> 2936573
<PER-SHARE-NAV-BEGIN> 5.04
<PER-SHARE-NII> .07
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.07)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.01
<EXPENSE-RATIO> 1.65
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS INTERMEDIATE TAX-EXEMPT BOND FUND CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 18636013
<INVESTMENTS-AT-VALUE> 18602999
<RECEIVABLES> 263508
<ASSETS-OTHER> 98
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 18866605
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 56740
<TOTAL-LIABILITIES> 56740
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 18890807
<SHARES-COMMON-STOCK> 204
<SHARES-COMMON-PRIOR> 200
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 0
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (33014)
<NET-ASSETS> 1023
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 309610
<OTHER-INCOME> 0
<EXPENSES-NET> 72179
<NET-INVESTMENT-INCOME> 237431
<REALIZED-GAINS-CURRENT> (50050)
<APPREC-INCREASE-CURRENT> (39580)
<NET-CHANGE-FROM-OPS> 147801
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 42874
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 4
<NET-CHANGE-IN-ASSETS> 16810927
<ACCUMULATED-NII-PRIOR> 936
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 30572
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 72179
<AVERAGE-NET-ASSETS> 1013
<PER-SHARE-NAV-BEGIN> 5.04
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> (.09)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 5.01
<EXPENSE-RATIO> .40
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS TAX-EXEMPT BOND FUND CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 913144495
<INVESTMENTS-AT-VALUE> 1005432891
<RECEIVABLES> 17928704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1023361595
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1004628
<TOTAL-LIABILITIES> 1004628
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 968505318
<SHARES-COMMON-STOCK> 251721344
<SHARES-COMMON-PRIOR> 266064386
<ACCUMULATED-NII-CURRENT> 149214
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (41156616)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92288396
<NET-ASSETS> 1001099394
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 31342760
<OTHER-INCOME> 0
<EXPENSES-NET> 3873739
<NET-INVESTMENT-INCOME> 37469021
<REALIZED-GAINS-CURRENT> (608164)
<APPREC-INCREASE-CURRENT> (9172680)
<NET-CHANGE-FROM-OPS> 17688177
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (26950531)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6233365
<NUMBER-OF-SHARES-REDEEMED> (25248961)
<SHARES-REINVESTED> 4672554
<NET-CHANGE-IN-ASSETS> (64931347)
<ACCUMULATED-NII-PRIOR> 87424
<ACCUMULATED-GAINS-PRIOR> (40548452)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2335893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3927278
<AVERAGE-NET-ASSETS> 1023695225
<PER-SHARE-NAV-BEGIN> 4.01
<PER-SHARE-NII> .10
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> (.10)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.98
<EXPENSE-RATIO> .74
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS TAX-EXEMPT BOND FUND CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 913144495
<INVESTMENTS-AT-VALUE> 1005432891
<RECEIVABLES> 17928704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1023361595
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1004628
<TOTAL-LIABILITIES> 1004628
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 968505318
<SHARES-COMMON-STOCK> 5341724
<SHARES-COMMON-PRIOR> 4939343
<ACCUMULATED-NII-CURRENT> 149214
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (41156616)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92288396
<NET-ASSETS> 21247765
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 31342760
<OTHER-INCOME> 0
<EXPENSES-NET> 3873739
<NET-INVESTMENT-INCOME> 37469021
<REALIZED-GAINS-CURRENT> (608164)
<APPREC-INCREASE-CURRENT> (9172680)
<NET-CHANGE-FROM-OPS> 17688177
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (456439)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 815749
<NUMBER-OF-SHARES-REDEEMED> (510983)
<SHARES-REINVESTED> 97615
<NET-CHANGE-IN-ASSETS> (64931347)
<ACCUMULATED-NII-PRIOR> 87424
<ACCUMULATED-GAINS-PRIOR> (40548452)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2335893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3927278
<AVERAGE-NET-ASSETS> 20278916
<PER-SHARE-NAV-BEGIN> 4.01
<PER-SHARE-NII> .09
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> (.09)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.98
<EXPENSE-RATIO> 1.50
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS TAX-EXEMPT BOND FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1997
<PERIOD-END> MAY-31-1997
<INVESTMENTS-AT-COST> 913144495
<INVESTMENTS-AT-VALUE> 1005432891
<RECEIVABLES> 17928704
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1023361595
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 1004628
<TOTAL-LIABILITIES> 1004628
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 968505318
<SHARES-COMMON-STOCK> 2466
<SHARES-COMMON-PRIOR> 2400
<ACCUMULATED-NII-CURRENT> 149214
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> (41156616)
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 92288396
<NET-ASSETS> 9808
<DIVIDEND-INCOME> 0
<INTEREST-INCOME> 31342760
<OTHER-INCOME> 0
<EXPENSES-NET> 3873739
<NET-INVESTMENT-INCOME> 37469021
<REALIZED-GAINS-CURRENT> (608164)
<APPREC-INCREASE-CURRENT> (9172680)
<NET-CHANGE-FROM-OPS> 17688177
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (261)
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 66
<NET-CHANGE-IN-ASSETS> (64931347)
<ACCUMULATED-NII-PRIOR> 87424
<ACCUMULATED-GAINS-PRIOR> (40548452)
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2335893
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 3927278
<AVERAGE-NET-ASSETS> 9606
<PER-SHARE-NAV-BEGIN> 4.01
<PER-SHARE-NII> .11
<PER-SHARE-GAIN-APPREC> (.03)
<PER-SHARE-DIVIDEND> (.11)
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 3.98
<EXPENSE-RATIO> .57
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
