IDS MONEY MARKET SERIES INC
24F-2NT, 1997-09-24
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                              U.S. SECURITIES AND EXCHANGE COMMISSION
                                      Washington, D.C. 20549

                                            FORM 24F-2

                                 Annual Notice of Securities Sold
                                      Pursuant to Rule 24f-2

                      Read             instructions at end of Form before
                                       preparing Form. Please print or type.

1.  Name and address of issuer: IDS Money Market Series, Inc.
                                  IDS Tower 10
                           Minneapolis, MN 55440-0010
- -------------------------------------------------------------------
2.  Name of each series or class of funds for which this notice is
    filed:

              Series                 Class(es) of Shares
IDS Cash Management Fund              Class A
                                      Class B
                                      Class Y
- -------------------------------------------------------------------
3.  Investment Company Act File Number:  811-2591

    Securities Act File Number:          2-54516
- -------------------------------------------------------------------
4.  Last day of fiscal year for which this notice is filed:
    July 31, 1997
- -------------------------------------------------------------------
5.  Check box if this notice is being filed more than 180 days after the close
    of the issuer's fiscal year for purposes of reporting securities sold after
    the close of the fiscal year but before termination of the issuer's 24f-2
    declaration:
                                                            [ ]
- ------------------------------------------------------------------
6.  Date of termination of issuer's declaration under rule 24f-2
    (a)(1), if applicable (see instruction A.6):

    Not Applicable
- -------------------------------------------------------------------
7.  Number and amount of securities of the same class or series which had been
    registered under the Securities Act of 1933 other than pursuant to rule
    24f-2 in a prior fiscal year, but which remained unsold at the beginning of
    the fiscal year: 0
- -------------------------------------------------------------------
8.  Number and amount of securities registered during the fiscal
    year other than pursuant to rule 24f-2:   0
- -------------------------------------------------------------------
9.  Number and aggregate sale price of securities sold during the
    fiscal year:  $10,119,609,433
- -------------------------------------------------------------------
10. Number and aggregate sale price of securities sold during the
    fiscal year in reliance upon registration pursuant to rule
    24f-2:  $10,119,609,433

<PAGE>
- -------------------------------------------------------------------
11. Number and aggregate sale price of securities issued during the
    fiscal year in connection with dividend reinvestment plans, if
    applicable (see Instruction B.7):   N/A
- -------------------------------------------------------------------
12.   Calculation of registration fee:

(i)      Aggregate sale price of securities
         sold during the fiscal year in reliance
         on rule 24f-2 (from Item 10):                 $10,119,609,433

(ii)     Aggregate price of shares issued in
         connection with dividend reinvestment
         plans (from Item 11, if applicable):           +            0

(iii)    Aggregate price of shares redeemed or
         repurchased during the fiscal year
         (if applicable):                               -9,482,189,629

(iv)     Aggregate price of shares redeemed or
         repurchased and previously applied as a
         reduction to filing fees pursuant to
         rule 24e-2 (if applicable):                    +            0

(v)      Net aggregate price of securities sold 
         and issued during the fiscal year in 
         reliance on rule 24f-2 [line (i), plus 
         line (ii), less line (iii), plus line
         (iv)] (if applicable):                            637,419,804

(vi)     Multiplier prescribed by Section 6(b)
         of the Securities Act of 1933 or other
         applicable law or regulation
         (see Instruction C.6):                         x       1/3300

(vii)    Fee due [line (i) or line (v) multiplied
         by line (vi)]:                                    $193,157.52

Instruction:  Issuers should complete lines (ii), (iii), (iv), and
(v) only if the form is being filed within 60 days after the close
of the issuer's fiscal year.  See Instruction C.3.
- ------------------------------------------------------------------
13. Check box if fees are being remitted to the Commission's lockbox depository
    as described in section 3a of the Commission's Rules of Informal and Other
    Procedures (17 CFR 202.3a):
                                                                 [X]


Date of mailing or wire transfer of filing fees to the Commission's
lockbox depository:  September 24, 1997
- -------------------------------------------------------------------

<PAGE>

SIGNATURES

This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.



By ____________________________
   William R. Pearce
   President and Chief Executive Officer

Date: September 24, 1997

EXHIBIT INDEX
(b)(10) OPINION OF COUNSEL


September 24, 1997



IDS Money Market Series, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440-0010

Gentlemen:

I have examined the Articles of Incorporation and the By-Laws of the Company and
all necessary certificates, permits, minute books, documents and records of the
Company, and the applicable statutes of the State of Minnesota, and it is my
opinion:

(a)      That the Company is a corporation duly organized and existing under the
         laws of the State of Minnesota with an authorized capital stock of
         10,000,000,000 shares, all of $.01 par value, that such shares may be
         issued as full or fractional shares and that on July 31, 1997,
         3,302,761,593 shares were issued and outstanding;

(b)      That all such authorized shares are, under the laws of the State of
         Minnesota, redeemable as provided in the Articles of Incorporation of
         the Company and upon redemption shall have the status of authorized and
         unissued shares;

(c)      That the Company registered on September 29, 1978 an indefinite number
         of shares pursuant to Rule 24f-2 and is herewith filing a Rule 24f-2
         Notice covering the shares sold during its Fiscal Period ended July 31,
         1997; and

(d)      That shares which were sold at not less than their par value and in
         accordance with applicable federal and state securities laws were
         legally issued, fully paid and nonassessable.

I hereby consent that the foregoing opinion may be used in connection with the
Rule 24f-2 Notice.

Very truly yours,





William R. Pearce
President and Chief Executive Officer
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268


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