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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
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<NAME> IDS GROWTH FUND CLASS A
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</TABLE>
<TABLE> <S> <C>
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<NAME> IDS GROWTH FUND CLASS B
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<NAME> IDS GROWTH FUND CLASS Y
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<OTHER-INCOME> 0
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<NET-INVESTMENT-INCOME> (1105179)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (16123)
<DISTRIBUTIONS-OF-GAINS> (633564)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 25249056
<NUMBER-OF-SHARES-REDEEMED> (5236466)
<SHARES-REINVESTED> 649686
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</TABLE>
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 Growth Fund, Inc.:
In planning and performing our audits of the financial statements of IDS
Growth Fund (a fund within IDS Growth Fund, Inc.), for the year ended
July 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
statements and to comply with the requirements of Form N-SAR, not to
provide assurance on the internal control structure.
The management of IDS Growth 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 July 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
September 6, 1996
