<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP DISCOVERY FUND CLASS C
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-2000
<PERIOD-END> JUL-31-2000
<INVESTMENTS-AT-COST> 522613350
<INVESTMENTS-AT-VALUE> 500273325
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<TOTAL-ASSETS> 539090604
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<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 10280310
<TOTAL-LIABILITIES> 32813362
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 450574121
<SHARES-COMMON-STOCK> 186
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 5193
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 78037953
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> (22340025)
<NET-ASSETS> 79399990
<DIVIDEND-INCOME> 1873258
<INTEREST-INCOME> 3851112
<OTHER-INCOME> 0
<EXPENSES-NET> 8983236
<NET-INVESTMENT-INCOME> (3258866)
<REALIZED-GAINS-CURRENT> 102480957
<APPREC-INCREASE-CURRENT> (121884629)
<NET-CHANGE-FROM-OPS> (22662538)
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 186
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> (487978599)
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 1761297
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3926843
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9061209
<AVERAGE-NET-ASSETS> 1932
<PER-SHARE-NAV-BEGIN> 10.53
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> (.67)
<PER-SHARE-DIVIDEND> .00
<PER-SHARE-DISTRIBUTIONS> .00
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 9.84
<EXPENSE-RATIO> 1.80
</TABLE>
