<PAGE> PAGE 1
000 B000000 07/31/98
000 C000000 0000049702
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS GROWTH FUND, INC.
001 B000000 811-2111
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 2
007 C010100 1
007 C020100 IDS GROWTH FUND
007 C030100 N
007 C010200 2
007 C020200 IDS RESEARCH OPPORTUNITIES FUND
007 C030200 N
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
<PAGE> PAGE 2
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00 2500
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
028 A010100 150505
028 A020100 2
028 A030100 0
028 A040100 122959
028 B010100 147417
028 B020100 0
028 B030100 0
028 B040100 108298
028 C010100 224504
028 C020100 0
028 C030100 0
028 C040100 118030
028 D010100 149972
028 D020100 4
028 D030100 0
028 D040100 113025
028 E010100 218852
028 E020100 1
028 E030100 0
028 E040100 111821
028 F010100 193981
028 F020100 0
028 F030100 0
028 F040100 146410
028 G010100 1085231
028 G020100 7
028 G030100 0
028 G040100 720543
028 H000100 339523
029 000100 Y
030 A000100 11682
030 B000100 5.00
030 C000100 0.50
<PAGE> PAGE 3
031 A000100 3992
031 B000100 0
032 000100 0
033 000100 7690
034 000100 Y
035 000100 628
036 A000100 N
036 B000100 0
037 000100 N
038 000100 0
039 000100 N
040 000100 Y
041 000100 Y
042 A000100 0
042 B000100 0
042 C000100 0
042 D000100 0
042 E000100 0
042 F000100 0
042 G000100 0
042 H000100 100
043 000100 6337
044 000100 0
062 A000100 N
062 B000100 0.0
062 C000100 0.0
062 D000100 0.0
062 E000100 0.0
062 F000100 0.0
062 G000100 0.0
062 H000100 0.0
062 I000100 0.0
062 J000100 0.0
062 K000100 0.0
062 L000100 0.0
062 M000100 0.0
062 N000100 0.0
062 O000100 0.0
062 P000100 0.0
062 Q000100 0.0
062 R000100 0.0
071 A000100 0
071 B000100 0
071 C000100 0
071 D000100 0
072 A000100 12
072 B000100 0
072 C000100 5296
072 D000100 0
072 E000100 0
072 F000100 0
<PAGE> PAGE 4
072 G000100 7616
072 H000100 12
072 I000100 4575
072 J000100 0
072 K000100 168
072 L000100 42
072 M000100 0
072 N000100 706
072 O000100 0
072 P000100 0
072 Q000100 0
072 R000100 8
072 S000100 0
072 T000100 6337
072 U000100 0
072 V000100 0
072 W000100 1919
072 X000100 21383
072 Y000100 254
072 Z000100 -15833
072AA000100 329054
072BB000100 0
072CC010100 7416
072CC020100 0
072DD010100 0
072DD020100 0
072EE000100 121448
073 A010100 0.0000
073 A020100 0.0000
073 B000100 0.0000
073 C000100 0.0000
074 A000100 0
074 B000100 0
074 C000100 0
074 D000100 0
074 E000100 0
074 F000100 0
074 G000100 0
074 H000100 0
074 I000100 0
074 J000100 0
074 K000100 0
074 L000100 0
074 M000100 5283928
074 N000100 5283928
074 O000100 0
074 P000100 65
074 Q000100 0
074 R010100 0
074 R020100 0
074 R030100 0
<PAGE> PAGE 5
074 R040100 340
074 S000100 0
074 T000100 5283523
074 U010100 100632
074 U020100 44498
074 V010100 0.00
074 V020100 0.00
074 W000100 0.0000
074 X000100 349207
074 Y000100 0
075 A000100 0
075 B000100 4557314
076 000100 0.00
028 A010200 16602
028 A020200 2
028 A030200 0
028 A040200 4117
028 B010200 18440
028 B020200 1
028 B030200 0
028 B040200 5814
028 C010200 19809
028 C020200 2
028 C030200 0
028 C040200 5786
028 D010200 15290
028 D020200 0
028 D030200 0
028 D040200 5420
028 E010200 14965
028 E020200 1
028 E030200 0
028 E040200 5465
028 F010200 16465
028 F020200 0
028 F030200 0
028 F040200 6661
028 G010200 101571
028 G020200 6
028 G030200 0
028 G040200 33263
028 H000200 20325
029 000200 Y
030 A000200 2497
030 B000200 5.00
030 C000200 0.50
031 A000200 911
031 B000200 0
032 000200 0
033 000200 1586
034 000200 Y
<PAGE> PAGE 6
035 000200 93
036 A000200 N
036 B000200 0
037 000200 N
038 000200 0
039 000200 N
040 000200 Y
041 000200 Y
042 A000200 0
042 B000200 0
042 C000200 0
042 D000200 0
042 E000200 0
042 F000200 0
042 G000200 0
042 H000200 100
043 000200 1069
044 000200 0
062 A000200 N
062 B000200 0.0
062 C000200 0.0
062 D000200 0.0
062 E000200 0.0
062 F000200 0.0
062 G000200 0.0
062 H000200 0.0
062 I000200 0.0
062 J000200 0.0
062 K000200 0.0
062 L000200 0.0
062 M000200 0.0
062 N000200 0.0
062 O000200 0.0
062 P000200 0.0
062 Q000200 0.0
062 R000200 0.0
071 A000200 0
071 B000200 0
071 C000200 0
071 D000200 0
072 A000200 12
072 B000200 734
072 C000200 2456
072 D000200 0
072 E000200 0
072 F000200 0
072 G000200 244
072 H000200 8
072 I000200 787
072 J000200 0
072 K000200 52
<PAGE> PAGE 7
072 L000200 19
072 M000200 0
072 N000200 126
072 O000200 0
072 P000200 0
072 Q000200 0
072 R000200 4
072 S000200 0
072 T000200 1069
072 U000200 0
072 V000200 0
072 W000200 727
072 X000200 3036
072 Y000200 13
072 Z000200 166
072AA000200 38531
072BB000200 0
072CC010200 8223
072CC020200 0
072DD010200 0
072DD020200 0
072EE000200 31348
073 A010200 0.0000
073 A020200 0.0000
073 B000200 0.0000
073 C000200 0.0000
074 A000200 0
074 B000200 0
074 C000200 0
074 D000200 0
074 E000200 0
074 F000200 0
074 G000200 0
074 H000200 0
074 I000200 0
074 J000200 0
074 K000200 0
074 L000200 0
074 M000200 521323
074 N000200 521323
074 O000200 0
074 P000200 8
074 Q000200 0
074 R010200 0
074 R020200 0
074 R030200 0
074 R040200 87
074 S000200 0
074 T000200 521228
074 U010200 48312
074 U020200 26735
<PAGE> PAGE 8
074 V010200 0.00
074 V020200 0.00
074 W000200 0.0000
074 X000200 61110
074 Y000200 0
075 A000200 0
075 B000200 415833
076 000200 0.00
SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 521322748
<TOTAL-ASSETS> 521322748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94355
<TOTAL-LIABILITIES> 94355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451578094
<SHARES-COMMON-STOCK> 48312074
<SHARES-COMMON-PRIOR> 29793521
<ACCUMULATED-NII-CURRENT> 166685
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 26698274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42785340
<NET-ASSETS> 337390644
<DIVIDEND-INCOME> 5174565
<INTEREST-INCOME> 734339
<OTHER-INCOME> 0
<EXPENSES-NET> 5742329
<NET-INVESTMENT-INCOME> 166575
<REALIZED-GAINS-CURRENT> 38530756
<APPREC-INCREASE-CURRENT> 8223315
<NET-CHANGE-FROM-OPS> 46920646
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 20657813
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 21213882
<NUMBER-OF-SHARES-REDEEMED> 5883949
<SHARES-REINVESTED> 3188620
<NET-CHANGE-IN-ASSETS> 220198247
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 19515264
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 1759914
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5755478
<AVERAGE-NET-ASSETS> 274716728
<PER-SHARE-NAV-BEGIN> 6.86
<PER-SHARE-NII> .02
<PER-SHARE-GAIN-APPREC> .65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .55
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.98
<EXPENSE-RATIO> 1.12
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 521322748
<TOTAL-ASSETS> 521322748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94355
<TOTAL-LIABILITIES> 94355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451578094
<SHARES-COMMON-STOCK> 26735233
<SHARES-COMMON-PRIOR> 14154813
<ACCUMULATED-NII-CURRENT> 166685
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 26698274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42785340
<NET-ASSETS> 183836220
<DIVIDEND-INCOME> 5174565
<INTEREST-INCOME> 734339
<OTHER-INCOME> 0
<EXPENSES-NET> 5742329
<NET-INVESTMENT-INCOME> 166575
<REALIZED-GAINS-CURRENT> 38530756
<APPREC-INCREASE-CURRENT> 8223315
<NET-CHANGE-FROM-OPS> 46920646
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 10689824
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 13008512
<NUMBER-OF-SHARES-REDEEMED> 2177029
<SHARES-REINVESTED> 1748937
<NET-CHANGE-IN-ASSETS> 220198247
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 19515264
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 958936
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5755478
<AVERAGE-NET-ASSETS> 142515691
<PER-SHARE-NAV-BEGIN> 6.82
<PER-SHARE-NII> (.02)
<PER-SHARE-GAIN-APPREC> .63
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .55
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 6.88
<EXPENSE-RATIO> 1.88
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> IDS RESEARCH OPPORTUNITIES FUND CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 521322748
<TOTAL-ASSETS> 521322748
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 94355
<TOTAL-LIABILITIES> 94355
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 451578094
<SHARES-COMMON-STOCK> 218
<SHARES-COMMON-PRIOR> 200
<ACCUMULATED-NII-CURRENT> 166685
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 26698274
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 42785340
<NET-ASSETS> 1529
<DIVIDEND-INCOME> 5174565
<INTEREST-INCOME> 734339
<OTHER-INCOME> 0
<EXPENSES-NET> 5742329
<NET-INVESTMENT-INCOME> 166575
<REALIZED-GAINS-CURRENT> 38530756
<APPREC-INCREASE-CURRENT> 8223315
<NET-CHANGE-FROM-OPS> 46920646
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 109
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 18
<NET-CHANGE-IN-ASSETS> 220198247
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 19515264
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 8
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 5755478
<AVERAGE-NET-ASSETS> 1604
<PER-SHARE-NAV-BEGIN> 6.88
<PER-SHARE-NII> .03
<PER-SHARE-GAIN-APPREC> .65
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .55
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 7.01
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 4
<NAME> IDS GROWTH FUND CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 5283928319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5283928319
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5283522834
<TOTAL-LIABILITIES> 5283522834
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3073841219
<SHARES-COMMON-STOCK> 100632056
<SHARES-COMMON-PRIOR> 90643619
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 254387368
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1955294247
<NET-ASSETS> 3680975149
<DIVIDEND-INCOME> 22499070
<INTEREST-INCOME> 7396613
<OTHER-INCOME> 0
<EXPENSES-NET> 45728428
<NET-INVESTMENT-INCOME> (15832745)
<REALIZED-GAINS-CURRENT> 329053735
<APPREC-INCREASE-CURRENT> 7415824
<NET-CHANGE-FROM-OPS> 320636814
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 90606005
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 38522405
<NUMBER-OF-SHARES-REDEEMED> 31346336
<SHARES-REINVESTED> 2812368
<NET-CHANGE-IN-ASSETS> 1176205574
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46781266
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 17138039
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45982194
<AVERAGE-NET-ASSETS> 3344870232
<PER-SHARE-NAV-BEGIN> 35.47
<PER-SHARE-NII> (.07)
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .96
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 36.58
<EXPENSE-RATIO> .87
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 5
<NAME> IDS GROWTH FUND CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 5283928319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5283928319
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5283522834
<TOTAL-LIABILITIES> 5283522834
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3073841219
<SHARES-COMMON-STOCK> 28671856
<SHARES-COMMON-PRIOR> 20481835
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 254387368
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1955294247
<NET-ASSETS> 1021038109
<DIVIDEND-INCOME> 22499070
<INTEREST-INCOME> 7396613
<OTHER-INCOME> 0
<EXPENSES-NET> 45728428
<NET-INVESTMENT-INCOME> (15832745)
<REALIZED-GAINS-CURRENT> 329053735
<APPREC-INCREASE-CURRENT> 7415824
<NET-CHANGE-FROM-OPS> 320636814
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 22988716
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 9983484
<NUMBER-OF-SHARES-REDEEMED> 2553367
<SHARES-REINVESTED> 759904
<NET-CHANGE-IN-ASSETS> 1176205574
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46781266
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 4753792
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45982194
<AVERAGE-NET-ASSETS> 844918087
<PER-SHARE-NAV-BEGIN> 34.82
<PER-SHARE-NII> (.29)
<PER-SHARE-GAIN-APPREC> 2.04
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .96
<RETURNS-OF-CAPITAL> .00
<PER-SHARE-NAV-END> 35.61
<EXPENSE-RATIO> 1.63
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> IDS GROWTH FUND CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> JUL-31-1998
<PERIOD-END> JUL-31-1998
<INVESTMENTS-AT-COST> 0
<INVESTMENTS-AT-VALUE> 0
<RECEIVABLES> 0
<ASSETS-OTHER> 5283928319
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 5283928319
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 5283522834
<TOTAL-LIABILITIES> 5283522834
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 3073841219
<SHARES-COMMON-STOCK> 15826100
<SHARES-COMMON-PRIOR> 5020677
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 254387368
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 1955294247
<NET-ASSETS> 581509576
<DIVIDEND-INCOME> 22499070
<INTEREST-INCOME> 7396613
<OTHER-INCOME> 0
<EXPENSES-NET> 45728428
<NET-INVESTMENT-INCOME> (15832745)
<REALIZED-GAINS-CURRENT> 329053735
<APPREC-INCREASE-CURRENT> 7415824
<NET-CHANGE-FROM-OPS> 320636814
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 7852912
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 14058750
<NUMBER-OF-SHARES-REDEEMED> 3507138
<SHARES-REINVESTED> 253811
<NET-CHANGE-IN-ASSETS> 1176205574
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 46781266
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 2707417
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 45982194
<AVERAGE-NET-ASSETS> 375506772
<PER-SHARE-NAV-BEGIN> 35.60
<PER-SHARE-NII> (.04)
<PER-SHARE-GAIN-APPREC> 2.14
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> .96
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 36.74
<EXPENSE-RATIO> .80
<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 Research Opportunities Fund and IDS Growth Fund
(funds within IDS Growth Fund, Inc.), for the year ended
July 31, 1998, we considered its internal control, including
control activities 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.
The management of IDS Growth Fund, Inc. is responsible for
establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entity's objective of preparing financial
statements for external purposes that are fairly presented
in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control 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 consideration of the internal control would not necessarily
disclose all matters in the internal control 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 one or more of the internal
control components 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 and
its operation, including controls for safeguarding
securities, that we consider to be a material weakness
as defined above.
This report is intended solely for the information and use
of management, the Board of Directors of IDS Growth
Fund, Inc., and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
September 4, 1998
