<PAGE> PAGE 1
000 B000000 07/31/96
000 C000000 0000049717
000 D000000 N
000 E000000 NF
000 F000000 Y
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000 H000000 N
000 I000000 3.0.a
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001 A000000 IDS NEW DIMENSIONS FUND, INC.
001 B000000 811-1629
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
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002 D010000 55440
002 D020000 0010
003 000000 N
004 000000 N
005 000000 N
006 000000 N
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007 C010100 1
007 C020100 IDS NEW DIMENSIONS FUND CLASS A
007 C030100 N
007 C010200 2
007 C020200 IDS NEW DIMENSIONS FUND CLASS B
007 C030200 N
007 C010300 3
007 C020300 IDS NEW DIMENSIONS FUND CLASS Y
007 C030300 N
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
<PAGE> PAGE 2
015 C01AA01 MINNEAPOLIS
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015 C04AA01 2307
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 5
070 E02AA00 N
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<PAGE> PAGE 7
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<PAGE> PAGE 8
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SIGNATURE LESLIE L. OGG
TITLE GENERAL COUNSIL
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> IDS NEW DIMENSIONS FUND CLASS A
<S> <C>
<PERIOD-TYPE> 10-MOS
<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JUL-31-1996
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<INVESTMENTS-AT-VALUE> 8560236452
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<OVERDISTRIBUTION-GAINS> 0
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<DISTRIBUTIONS-OF-INCOME> (39448269)
<DISTRIBUTIONS-OF-GAINS> (162150758)
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<NUMBER-OF-SHARES-SOLD> 1078880570
<NUMBER-OF-SHARES-REDEEMED> (593204599)
<SHARES-REINVESTED> 198597094
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<PER-SHARE-NAV-BEGIN> 17.24
<PER-SHARE-NII> .17
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<PER-SHARE-DISTRIBUTIONS> (.75)
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<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> IDS NEW DIMENSIONS FUND CLASS B
<S> <C>
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<FISCAL-YEAR-END> JUL-31-1996
<PERIOD-END> JUL-31-1996
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<OTHER-INCOME> 0
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<DISTRIBUTIONS-OF-INCOME> (1492148)
<DISTRIBUTIONS-OF-GAINS> (8111389)
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<NUMBER-OF-SHARES-REDEEMED> (24532266)
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> IDS NEW DIMENSIONS FUND CLASS Y
<S> <C>
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<PERIOD-END> JUL-31-1996
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<OVERDISTRIBUTION-GAINS> 0
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<DISTRIBUTIONS-OF-INCOME> (19131175)
<DISTRIBUTIONS-OF-GAINS> (68560165)
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<NUMBER-OF-SHARES-REDEEMED> (560414845)
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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 New Dimensions Fund, Inc.:
In planning and performing our audits of the financial statements
of IDS New Dimensions Fund, Inc. for the ten-month period
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 staements and to comply
with the requirementso fo Form N-SAR, not to provide assurance
on the internal control structure.
The management of IDS New Dimension 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
