IDS HIGH YIELD TAX EXEMPT FUND INC /MN/
NSAR-B, 1997-01-28
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<PAGE>      PAGE  1
000 B000000 11/30/96
000 C000000 0000310187
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 IDS HIGH YIELD TAX-EXEMPT FUND, INC.
001 B000000 811-2901
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 HIGH YIELD TAX-EXEMPT FUND CLASS A
007 C030100 N
007 C010200  2
007 C020200 IDS HIGH YIELD TAX-EXEMPT FUND CLASS B
007 C030200 N
007 C010300  3
007 C020300 IDS HIGH YIELD TAX-EXEMPT 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>      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 ST. PAUL
015 C02AA01 MN
015 C03AA01 55101
015 C04AA01 1631
015 E01AA01 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   47
019 C00AA00 IDSMUTFDGR
020 C000001      0
020 C000002      0
020 C000003      0
020 C000004      0
020 C000005      0
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020 C000010      0
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<PAGE>      PAGE  4
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069  00AA00 N
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070 B01AA00 N
070 B02AA00 N
070 C01AA00 N
070 C02AA00 N
070 D01AA00 N
070 D02AA00 N
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070 F01AA00 N
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077 C000000 N
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077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
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077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
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080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00     2500
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033  000100   6982
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<PAGE>      PAGE  8
036 B000100      0
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<PAGE>      PAGE  9
034  000300 N
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

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

<TABLE> <S> <C>

^WPC^^4^^x                                           ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^

</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

^WPC2^^<SERIES>
   <NUMBER> 1
   <NAME> IDS HIGH YIELD TAX^EXEMPT FUND CLASS A
<PERIOD-TYPE>                   12^MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV^30^1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                        6163211448
<TOTAL-ASSETS>                              6163211448
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3604050
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    5817908044
<SHARES-COMMON-STOCK>                       1315749662
<SHARES-COMMON-PRIOR>                       1356375237
<ACCUMULATED-NII-CURRENT>                        91536
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (75118192)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     419726010
<NET-ASSETS>                                6000736505
<DIVIDEND-INCOME>                                    0
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<OTHER-INCOME>                                       0
<EXPENSES-NET>                                44428144
<NET-INVESTMENT-INCOME>                      371842086
<REALIZED-GAINS-CURRENT>                      11886874
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<NET-CHANGE-FROM-OPS>                        237884399
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                  (365006934)
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<NUMBER-OF-SHARES-SOLD>                      188524098
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<NET-CHANGE-IN-ASSETS>                     (252589907)
<ACCUMULATED-NII-PRIOR>                      385100520
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<EXPENSE-RATIO>                                    .70
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<AVG-DEBT-PER-SHARE>                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

^WPC2^^<SERIES>
   <NUMBER> 2
   <NAME> IDS HIGH YIELD TAX^EXEMPT FUND CLASS B
<PERIOD-TYPE>                   12^MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV^30^1996
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<INVESTMENTS-AT-VALUE>                               0
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<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                        6163211448
<TOTAL-ASSETS>                              6163211448
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3604050
<TOTAL-LIABILITIES>                            3604050
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    5817908044
<SHARES-COMMON-STOCK>                         30326133
<SHARES-COMMON-PRIOR>                         15336396
<ACCUMULATED-NII-CURRENT>                        91536
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (75118192)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     419726010
<NET-ASSETS>                                 138300667
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            416270230
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                44428144
<NET-INVESTMENT-INCOME>                      371842086
<REALIZED-GAINS-CURRENT>                      11886874
<APPREC-INCREASE-CURRENT>                  (145844561)
<NET-CHANGE-FROM-OPS>                        237884399
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (5770964)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       18316021
<NUMBER-OF-SHARES-REDEEMED>                  (4377692)
<SHARES-REINVESTED>                            1051408
<NET-CHANGE-IN-ASSETS>                     (252589907)
<ACCUMULATED-NII-PRIOR>                      385100520
<ACCUMULATED-GAINS-PRIOR>                     11853067
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<AVERAGE-NET-ASSETS>                         108946541
<PER-SHARE-NAV-BEGIN>                             4.66
<PER-SHARE-NII>                                    .24
<PER-SHARE-GAIN-APPREC>                          (.10)^<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               4.56
<EXPENSE-RATIO>                                   1.46
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0


</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.

<TABLE> <S> <C>

^WPC2^^<SERIES>
   <NUMBER> 3
   <NAME> IDS HIGH YIELD TAX^EXEMPT FUND CLASS Y
<PERIOD-TYPE>                   12^MOS
<FISCAL-YEAR-END>                          NOV-30-1996
<PERIOD-END>                               NOV^30^1996
<INVESTMENTS-AT-COST>                                0
<INVESTMENTS-AT-VALUE>                               0
<RECEIVABLES>                                        0
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                        6163211448
<TOTAL-ASSETS>                              6163211448
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      3604050
<TOTAL-LIABILITIES>                            3604050
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    5817908044
<SHARES-COMMON-STOCK>                          4510047
<SHARES-COMMON-PRIOR>                          5343662
<ACCUMULATED-NII-CURRENT>                        91536
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                     (75118192)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     419726010
<NET-ASSETS>                                  20570226
<DIVIDEND-INCOME>                                    0
<INTEREST-INCOME>                            416270230
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                44428144
<NET-INVESTMENT-INCOME>                      371842086
<REALIZED-GAINS-CURRENT>                      11886874
<APPREC-INCREASE-CURRENT>                  (145844561)
<NET-CHANGE-FROM-OPS>                        237884399
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (1079080)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       26775493
<NUMBER-OF-SHARES-REDEEMED>                 (27609256)
<SHARES-REINVESTED>                                148
<NET-CHANGE-IN-ASSETS>                     (252589907)
<ACCUMULATED-NII-PRIOR>                      385100520
<ACCUMULATED-GAINS-PRIOR>                     11853067
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               44428144
<AVERAGE-NET-ASSETS>                          17498008
<PER-SHARE-NAV-BEGIN>                             4.66
<PER-SHARE-NII>                                    .28
<PER-SHARE-GAIN-APPREC>                          (.10)^<PER-SHARE-DISTRIBUTIONS>                            0
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<PER-SHARE-NAV-END>                               4.56
<EXPENSE-RATIO>                                    .53
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0


</TABLE>


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