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November 24, 1995
Securities and Exchange Commission
Attention: Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: Rule 24f-2 Notice for
IDS Investment Series, Inc.
SEC File No. 2-11328/811-54
Commissioners:
[i] In accordance with the provisions of Rule 24f-2, IDS
Investment Series, Inc. hereby files its Rule 24f-2 Notice for
the fiscal year ended September 30, 1995 ("Fiscal Year").
[ii] Amount of securities registered other than under
24f-2 which were unsold at the beginning of the
fiscal year.* $0
[iii] Amount of securities registered during the fiscal
year other than under 24f-2** $0
[iv] Amount of securities sold during the fiscal
year*** $135,515,114
[v] Amount of securities sold pursuant to 24f-2 $135,515,114
[vi] Fee $135,515,114 x 0.0002900 $ 46,729.35
Enclosed please find an opinion of counsel.
A check for the filing fee in the amount of $46,729.35
If there are any questions, please contact the undersigned.
Very truly yours,
IDS Investment Series, Inc.
Leslie L. Ogg
Vice President, General Counsel and Secretary
LLO/CW/rjf
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<TABLE>
<CAPTION>
IDS Diversified Equity Income Fund IDS Mutual
<S> <C> <C> <C>
* Shares registered in prior years 0 0
Share price on November 16, 1995 8.33 13.52
Value of shares 0 0
** Shares registered in current years 0 0
Share price on November 16, 1995 8.33 13.52
Value of shares 0 0
*** Aggregate Sales 307,773,610 1,269,772,647
Aggregate Redemptions 209,140,489 1,232,890,654
Securities Sold during Fiscal Year 98,633,121 36,881,993
Fee $34,011.42 $12,717.93
</TABLE>
EXHIBIT INDEX
(b) (10) OPINION OF COUNSEL
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November 24, 1995
IDS Investment Series, Inc.
IDS Tower 10
Minneapolis, Minnesota 55440
Gentlemen:
I have examined the Articles of Incorporation and the By-Laws of
the Company and all necessary certificates, permits, minute books,
documents and records of the Company, and the applicable statutes
of the State of Minnesota, and it is my opinion:
(a) That the Company is a corporation duly organized and existing
under the laws of the State of Minnesota with an authorized
capital stock of 10,000,000,000 shares, all of $.01 par value,
that such shares may be issued as full or fractional shares
and that on Sept. 30, 1995, 421,924,894 shares were issued and
outstanding;
(b) That all such authorized shares are, under the laws of the
State of Minnesota, redeemable as provided in the Articles of
Incorporation of the Company and upon redemption shall have
the status of authorized and unissued shares;
(c) That the Company registered on Nov. 29, 1992 an indefinite
number of shares pursuant to Rule 24f-2 and is herewith filing
a Rule 24f-2 Notice covering the shares sold during its Fiscal
Period ended Sept. 30, 1995; and
(d) That shares which were sold at not less than their par value
and in accordance with applicable federal and state securities
laws were legally issued, fully paid and nonassessable.
I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
