IDS INVESTMENT SERIES INC
NSAR-A, 1995-05-26
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<PAGE>      PAGE  1
000 A000000 03/31/95
000 C000000 0000052347
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 IDS INVESTMENT SERIES, INC.
001 B000000 811-54
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
007 C010100  1
007 C020100 IDS MUTUAL
007 C030100 N
007 C010200  2
007 C020200 IDS DIVERSIFIED EQUITY INCOME FUND
007 C030200 N
007 C010300  3
007 C020300 IDS MUTUAL CLASS A
007 C030300 N
007 C010400  4
007 C020400 IDS MUTUAL CLASS B
007 C030400 N
007 C010500  5
007 C020500 IDS MUTUAL CLASS Y
007 C030500 N
007 C010600  6
007 C020600 IDS DIVERSIFIED EQUITY FUND CLASS A
007 C030600 N
007 C010700  7
007 C020700 IDS DIVERSIFIED EQUITY FUND CLASS B
007 C030700 N
007 C010800  8
007 C020800 IDS DIVERSIFIED EQUITY FUND CLASS Y
007 C030800 N
007 C010900  9
007 C011000 10
008 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA01 A
<PAGE>      PAGE  2
008 C00AA01 801-14721
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
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
014 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA01 8-31250
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 IDS SECURITIES CORPORATION
014 B00AA04 8-12550
014 A00AA05 MERCER ALLIED CORPORATION
014 B00AA05 8-20745
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
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015 C03AA01 55402
015 C04AA01 2307
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015 C04AA02 2775
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020 A000002 SMITH BARNEY INC.
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<PAGE>      PAGE  3
020 A000003 PRUDENTIAL SECURITIES
020 B000003 22-2347336
020 C000003    180
020 A000004 CS FIRST BOSTON GROUP
020 B000004 13-5659485
020 C000004    173
020 A000005 LEHMAN BROTHERS INC.
020 B000005 13-2518466
020 C000005    150
020 A000006 NATWEST SECURITIES INC.
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020 C000006    147
020 A000007 MORGAN STANLEY & COMPANY, INC.
020 B000007 13-2655998
020 C000007    144
020 A000008 MERRILL LYNCH & CO., INC.
020 B000008 13-5674085
020 C000008    136
020 A000009 S. G. WARBURG & CO., INC.
020 B000009 13-3340045
020 C000009    119
020 A000010 AMERICAN ENTERPRISE INVESTMENT SERVICES, INC.
020 B000010 41-0884926
020 C000010    118
021  000000     4017
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<PAGE>      PAGE  4
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<PAGE>      PAGE  6
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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<PAGE>      PAGE  9
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<PAGE>      PAGE  11
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<PAGE>      PAGE  13
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 3
   <NAME> IDS MUTUAL CLASS A
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
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<PAID-IN-CAPITAL-COMMON>                    3050983868
<SHARES-COMMON-STOCK>                           108620
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       515514
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        4165183
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      76993177
<NET-ASSETS>                                3132657742
<DIVIDEND-INCOME>                             39521766
<INTEREST-INCOME>                             42538825
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (11808440)
<NET-INVESTMENT-INCOME>                       70252151
<REALIZED-GAINS-CURRENT>                       3118660
<APPREC-INCREASE-CURRENT>                     86557771
<NET-CHANGE-FROM-OPS>                        159928582
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (12058)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         107589
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                               1031
<NET-CHANGE-IN-ASSETS>                       133990918
<ACCUMULATED-NII-PRIOR>                      133513034
<ACCUMULATED-GAINS-PRIOR>                    149214488
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7925402
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               11808440
<AVERAGE-NET-ASSETS>                            626980
<PER-SHARE-NAV-BEGIN>                            11.66
<PER-SHARE-NII>                                    .03
<PER-SHARE-GAIN-APPREC>                            .13
<PER-SHARE-DIVIDEND>                             (.14)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.68
<EXPENSE-RATIO>                                   1.39
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 5
   <NAME> IDS MUTUAL CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             MAR-20-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       3028248776
<INVESTMENTS-AT-VALUE>                      3105183635
<RECEIVABLES>                                 50334710
<ASSETS-OTHER>                                81242701
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              3236761046
<PAYABLE-FOR-SECURITIES>                      20698220
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     83405084
<TOTAL-LIABILITIES>                          104103304
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    3050983868
<SHARES-COMMON-STOCK>                         62946252
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                       515514
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                        4165183
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      76993177
<NET-ASSETS>                                3132657742
<DIVIDEND-INCOME>                             39521766
<INTEREST-INCOME>                             42538825
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (11808440)
<NET-INVESTMENT-INCOME>                       70252151
<REALIZED-GAINS-CURRENT>                       3118660
<APPREC-INCREASE-CURRENT>                     86557771
<NET-CHANGE-FROM-OPS>                        159928582
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                    (8424867)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                       62885000
<NUMBER-OF-SHARES-REDEEMED>                   (659048)
<SHARES-REINVESTED>                             720300
<NET-CHANGE-IN-ASSETS>                       133990918
<ACCUMULATED-NII-PRIOR>                      133513034
<ACCUMULATED-GAINS-PRIOR>                    149214488
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          7925402
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               11808440
<AVERAGE-NET-ASSETS>                         726744464
<PER-SHARE-NAV-BEGIN>                            11.66
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .15
<PER-SHARE-DIVIDEND>                             (.14)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.69
<EXPENSE-RATIO>                                    .73
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> IDS DIVERSIFIED EQUITY INCOME FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             OCT-01-1994
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       1051451922
<INVESTMENTS-AT-VALUE>                      1076168289
<RECEIVABLES>                                 55130942
<ASSETS-OTHER>                                 7486063
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1138785294
<PAYABLE-FOR-SECURITIES>                      58074673
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     68699634
<TOTAL-LIABILITIES>                          126774307
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1018854260
<SHARES-COMMON-STOCK>                        137896790
<SHARES-COMMON-PRIOR>                        122168492
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (18884)
<ACCUMULATED-NET-GAINS>                     (31450004)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      24625615
<NET-ASSETS>                                1012010987
<DIVIDEND-INCOME>                             17247234
<INTEREST-INCOME>                              7209932
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4367312)
<NET-INVESTMENT-INCOME>                       20089854
<REALIZED-GAINS-CURRENT>                    (31276634)
<APPREC-INCREASE-CURRENT>                     13598625
<NET-CHANGE-FROM-OPS>                          2411845
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (20456661)
<DISTRIBUTIONS-OF-GAINS>                    (39678584)
<DISTRIBUTIONS-OTHER>                         (227859)
<NUMBER-OF-SHARES-SOLD>                       22146999
<NUMBER-OF-SHARES-REDEEMED>                 (14964500)
<SHARES-REINVESTED>                            8545799
<NET-CHANGE-IN-ASSETS>                        75870095
<ACCUMULATED-NII-PRIOR>                       27087887
<ACCUMULATED-GAINS-PRIOR>                     39681404
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2528019
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4367312
<AVERAGE-NET-ASSETS>                         952519935
<PER-SHARE-NAV-BEGIN>                             7.66
<PER-SHARE-NII>                                    .16
<PER-SHARE-GAIN-APPREC>                          (.17)
<PER-SHARE-DIVIDEND>                             (.16)
<PER-SHARE-DISTRIBUTIONS>                        (.31)
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.18
<EXPENSE-RATIO>                                    .92
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> IDS DIVERSIFIED EQUITY INCOME FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             MAR-20-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       1051451922
<INVESTMENTS-AT-VALUE>                      1076168289
<RECEIVABLES>                                 55130942
<ASSETS-OTHER>                                 7486063
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1138785294
<PAYABLE-FOR-SECURITIES>                      58074673
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     68699634
<TOTAL-LIABILITIES>                          126774307
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1018854260
<SHARES-COMMON-STOCK>                           342271
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (18884)
<ACCUMULATED-NET-GAINS>                     (31450004)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      24625615
<NET-ASSETS>                                1012010987
<DIVIDEND-INCOME>                             17247234
<INTEREST-INCOME>                              7209932
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4367312)
<NET-INVESTMENT-INCOME>                       20089854
<REALIZED-GAINS-CURRENT>                    (31276634)
<APPREC-INCREASE-CURRENT>                     13598625
<NET-CHANGE-FROM-OPS>                          2411845
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                       (1712)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                         342310
<NUMBER-OF-SHARES-REDEEMED>                      (272)
<SHARES-REINVESTED>                                233
<NET-CHANGE-IN-ASSETS>                        75870095
<ACCUMULATED-NII-PRIOR>                       27087887
<ACCUMULATED-GAINS-PRIOR>                     39681404
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2528019
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4367312
<AVERAGE-NET-ASSETS>                           1337969
<PER-SHARE-NAV-BEGIN>                             7.11
<PER-SHARE-NII>                                    .07
<PER-SHARE-GAIN-APPREC>                            .07
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.18
<EXPENSE-RATIO>                                   1.52
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> IDS DIVERSIFIED EQUITY INCOME FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   OTHER
<FISCAL-YEAR-END>                          SEP-30-1995
<PERIOD-START>                             MAR-20-1995
<PERIOD-END>                               MAR-31-1995
<INVESTMENTS-AT-COST>                       1051451922
<INVESTMENTS-AT-VALUE>                      1076168289
<RECEIVABLES>                                 55130942
<ASSETS-OTHER>                                 7486063
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1138785294
<PAYABLE-FOR-SECURITIES>                      58074673
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     68699634
<TOTAL-LIABILITIES>                          126774307
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1018854260
<SHARES-COMMON-STOCK>                          2627317
<SHARES-COMMON-PRIOR>                                0
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                         (18884)
<ACCUMULATED-NET-GAINS>                     (31450004)
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                      24625615
<NET-ASSETS>                                1012010987
<DIVIDEND-INCOME>                             17247234
<INTEREST-INCOME>                              7209932
<OTHER-INCOME>                                       0
<EXPENSES-NET>                               (4367312)
<NET-INVESTMENT-INCOME>                       20089854
<REALIZED-GAINS-CURRENT>                    (31276634)
<APPREC-INCREASE-CURRENT>                     13598625
<NET-CHANGE-FROM-OPS>                          2411845
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                      (29294)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        2685900
<NUMBER-OF-SHARES-REDEEMED>                    (62500)
<SHARES-REINVESTED>                               3917
<NET-CHANGE-IN-ASSETS>                        75870095
<ACCUMULATED-NII-PRIOR>                       27087887
<ACCUMULATED-GAINS-PRIOR>                     39681404
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          2528019
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                4367312
<AVERAGE-NET-ASSETS>                          18810992
<PER-SHARE-NAV-BEGIN>                             7.11
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                            .12
<PER-SHARE-DIVIDEND>                             (.07)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                               7.18
<EXPENSE-RATIO>                                    .91
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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