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<GROSS-ADVISORY-FEES> 981549
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 2381977
<AVERAGE-NET-ASSETS> 1139
<PER-SHARE-NAV-BEGIN> 5.00
<PER-SHARE-NII> 0.01
<PER-SHARE-GAIN-APPREC> 1.88
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.01)
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.88
<EXPENSE-RATIO> 1.45
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
Independent Auditors' Report on Internal Accounting Control
The Board of Directors and Shareholders
IDS Growth Fund, Inc.:
In planning and performing our audit of the financial statements of
IDS Growth Fund, Inc. for the year ended July 31, 1997, 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 recorded 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 future periods is
subject to the risk that it may become inadequate because of
changes in conditions or that the effectiveness of the design and
operation may deteriorate.
Our considerations 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 matters involving the internal
control structure; including procedures for safeguarding securities,
that we consider to be a material weakness as defined above as of
July 31, 1997.
This report is intended solely for the information and use of
management and the Securities and Exchange Commission
KMPG Peat Marwick LLP
Minneapolis, Minnesota
September 5, 1997
