IDS INVESTMENT SERIES INC
497, 1995-08-02
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                         Statement of Additional Information
                             Supplement----July 31, 1995.



IDS Diversified Equity Income Fund Form No. S-6475-20 H (3/95)
IDS Strategy Aggressive Fund Form No. S-6381-20 A (3/95)
IDS Equity Value Fund Form No. S-6382-20A (3/95)

The following policy was added in the "Additional Investment
Policies" section:

The fund will not:
' Concentrate in any one industry.  According to the present
interpretation by the Securities and Exchange Commission (SEC),
this means no more than 25% of the fund's total assets, based on
current market value at the time of purchase, can be invested in
any one industry.









S- 6474A   (7/95)
*Valid until next prospectus update.



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