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SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
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</TABLE>
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
IDS Progressive Fund, Inc.:
In planning and performing our audits of the financial
statements of IDS Progressive Fund for the year ended
September 30, 1997, 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 Investment Series, Inc. is
responsible for establishing and maintaining of 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
Progressive Fund, and the Securities and Exchange
Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
November 7, 1997
