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Texas Prospectus and Statement of Additional Information Supplement
March 20, 1995*
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Prospectus SAI
Form # Form #
Publicly Offered Funds:
<S> <C> <C>
IDS Discovery Fund (Sept. 29, 1994**) S-6457 H S-6457-20 M
IDS Equity Value Fund (March 20, 1995) S-6382 H S-6382-20 A
IDS Extra Income Fund (Oct. 28, 1994**) S-6370 H S-6370-20 J
IDS Mutual (Nov. 29, 1994**) S-6326 J S-6326-20 K
IDS Strategy Aggressive Fund (March 20, 1995) S-6381 H S-6381-20 A
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*Valid until November 29, 1995.
**As revised March 20, 1995.
The following information modifies that found in the above-
referenced prospectuses and Statements of Additional Information:
The "Additional Investment Policies" section of the Statement of
Additional Information for IDS Mutual, a part of IDS Investment
Series, Inc., is supplemented with the following non-fundamental
investment policy:
"The fund will not invest in exploration or development programs,
such as oil, gas or mineral programs."
___________________________________________________________________
The "Investment policies and risks" section of the prospectuses for
IDS Equity Value Fund and IDS Strategy Aggressive Fund is
supplemented as follows:
"The fund intends to invest no more than 5% of its net assets in
debt securities rated BB or B, or of equivalent quality. The fund
will not invest in securities rated lower than B or of equivalent
quality."
___________________________________________________________________
The cover page of the prospectus for IDS Extra Income Fund is
supplemented as follows:
"The fund invests primarily in long-term, corporate bonds in the
lower-rating categories, commonly known as "junk bonds." These
securities generally have greater price fluctuations than higher-
rated securities and are more likely to experience a default.
Investors should carefully consider these risks before investing.
See the sections entitled "Types of fund investments" and "Facts
about investments and their risks" in this prospectus for further
information."
___________________________________________________________________
The "Investment policies and risks" section of the prospectus for
IDS Discovery Fund is supplemented as follows:
"The fund intends to invest no more than 5% of its net assets in
debt securities below investment grade."
