IDS INVESTMENT SERIES INC
24F-2NT, 1997-11-24
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2

                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

 Read instructions at end of Form before preparing Form. Please print or type.

1.  Name and address of issuer: 
                                   IDS Investment Series, Inc.
                                   IDS Tower 10
                                   Minneapolis, MN  55440-0010
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2.  The name of each series or class of securities for which this
    Form is filed (If the Form is being filed for all series and
    classes of securities of the issuer, check the box but do not
    list series or classes):                                 [X]

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3.  Investment Company Act File Number:  811-54

    Securities Act File Number:          2-11328
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4(a).  Last day of fiscal year for which this notice is filed:
       September 30, 1997
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4(b).  [ ]  Check box if this Form is being filed late (i.e., more
            than 90 calendar days after the end of the issuer's
            fiscal year). (see instruction A.2)

Note:  If the Form is being filed late, interest must be paid on
       the registration fee due.
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4(c).  [ ]  Check box if this is the last time the issuer will be
            filing this Form.
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<PAGE>
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5.    Calculation of registration fee:

(i)      Aggregate sale price of securities
         sold during the fiscal year pursuant
         to section 24(f):                                     $1,508,653,903.21

(ii)     Aggregate price of securities redeemed
         or repurchased during the fiscal year:                $1,092,171,321.01

(iii)    Aggregate price of securities redeemed 
         or repurchased during any prior fiscal 
         year ending no earlier than October 11, 1995
         that were not previously used to reduce 
         registration fees payable to the Commission:          $               0

(iv)     Total available redemption credits [add
         Items 5(ii) and 5(iii):                              -$1,092,171,321.01

(v)      Net sales - if Item 5(i) is greater than
         Item 5(iv) [subtract Item 5(iv) from
         Item 5(i)]:                                           $  416,482,582,20

(vi)     Redemption credits available for use in 
         future years - if Item 5(i) is less than 
         Item 5(iv) [subtract Item 5(iv) from Item 5(i)]:      $(              )

(vii)    Multiplier for determining registration
         fee (See Instruction C.9):                              x        1/3300

(viii)   Registration fee due [multiply Item
         5(v) by Item 5(vii)] (enter "0" if no
         fee is due):                                  =       $      126,206.84
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6.  Prepaid Shares

         If the response to item 5(i) was determined by deducting an amount of
         securities that were registered under the Securities Act of 1933
         pursuant to rule 24e-2 as in effect before [effective date of
         rescisison of rule 24e-2], then report the amount of securities (number
         of shares or other units) deducted here: _____________. If there is a
         number of shares or other units that were registered pursuant to rule
         24e-2 remaining unsold at the end of the fiscal year for which this
         form is filed that are available for use by the issuer in future fiscal
         years, then state that number here:_____________.
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7.  Interest due - if this Form is being filed more than 90 days after the end
    of the issuer's fiscal year (see Instruction D):

                                                     +         $               0
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8.  Total of the amount of the registration fee due plus any
    interest due [line 5(viii) plus line 7]:         =         $      126,206.84
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9.  Date the registration fee and any interest payment was sent to
    the Commission's lockbox depository:  November 21, 1997

         Method of Delivery:

                                    [X]  Wire Transfer
                                    [ ]  Mail or other means
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<PAGE>


SIGNATURES

This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.



By ____________________________
   Leslie L. Ogg
   Vice President, General Counsel and Secretary

Date:  November 21, 1997







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