<PAGE> PAGE 1
000 B000000 08/31/96
000 C000000 049697
000 D000000 N
000 E000000 F
000 F000000 Y
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000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 IDS BOND FUND, INC.
001 B000000 811-2503
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002 A000000 IDS TOWER 10
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020 A000002 LAZARD FRERES & CO.
020 B000002 13-5545100
020 C000002 11
020 A000003 LEHMAN BROTHERS INC.
020 B000003 13-2518466
<PAGE> PAGE 2
020 C000003 8
020 A000004 PRUDENTIAL SECURITIES INC.
020 B000004 22-2347336
020 C000004 6
020 A000005 MORGAN STANLEY & CO., INC.
020 B000005 13-2655998
020 C000005 4
020 A000006 CS FIRST BOSTON GROUP
020 B000006 13-5659485
020 C000006 3
020 A000007 STANDARD & POORS SECURITIES
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020 C000007 3
020 A000008 WEEDEN & CO., L.P.
020 B000008 13-3364318
020 C000008 2
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<PAGE> PAGE 3
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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
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KPMG Peat Marwick LLP
4200 Norwest Center
90 South Seventh Street
Minneapolis, MN 55402
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
IDS Bond Fund, Inc.:
In planning and performing our audits of the financial
statements of IDS Bond Fund, Inc. , for the year ended
August 31, 1996, we considered their internal control
structure, including procedures for safeguarding securities,
in order to determine our auditing procedures for the
purpose of expressing our opinion on the financial staements
and to comply with the requirementso fo Form NSAR, not to
provide assurance on the internal control structure.
The management of IDS Bond Fund, Inc. is responsible for
establishing and maintaining a system of internal accounting
control. In fulfilling this responsibility, estimates and
judgments by management are required to assess the expected
benefits and related costs of internal control structure
policies and procedures. Two of the objectives of an
internal control structure are to provide management with
reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or
disposition and that transactions are executed in accordance
with management's authorization and recoreded properly to
permit the preparation of financial statements in conformity
with generally accepted accounting principles.
Because of inherent limitations in any internal control
structure, errors or irregularities may occur and not be
detected. Also, projection of any evaluation of the
structure to futrue periods is subject to the risk that it
may become inadeequate because of changes in conditions or
that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control structure would
not necessarily disclose all matters in the internal control
structure that might be material weaknesses under standards
established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the
design or operation of the specific internal control
structure elements does not reduce to a relatively low level
the risk that errors or irregularities in amounts that would
be material in relation to the financial statements being
audited may occur and not be detected within a timely period
by employees in the normal course of performing their
assigned functions. However, we noted no matter involving
the internal control structure, including procedures for
safeguarding securites, that we consider to be a material
weakness as defined above as of August 31, 1996.
This report is intended solely for the information and use
of management and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
October 4, 1996
