IDS INVESTMENT SERIES INC
NSAR-A/A, 1998-06-09
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<PAGE>      PAGE  1
000 B000000 09/30/97
000 C000000 0000052347
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001 A000000 IDS INVESTMENT SERIES, INC.
001 B000000 811-54
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002 A000000 IDS TOWER 10
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007 C020100 IDS MUTUAL
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007 C010200  2
007 C020200 IDS DIVERSIFIED EQUITY INCOME FUND
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007 C010300  3
007 C020300 IDS MUTUAL CLASS A
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007 C010400  4
007 C020400 IDS MUTUAL CLASS B
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007 C010500  5
007 C020500 IDS MUTUAL CLASS Y
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007 C020600 IDS DIVERSIFIED EQUITY INCOME FUND CLASS A
007 C030600 N
007 C010700  7
007 C020700 IDS DIVERSIFIED EQUITY INCOME FUND CLASS B
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007 C010800  8
007 C020800 IDS DIVERSIFIED EQUITY INCOME FUND CLASS Y
007 C030800 N
007 C010900  9
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011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
<PAGE>      PAGE  2
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
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
015 A00AA02 MORGAN STANLEY TRUST COMPANY
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015 C04AA02 2775
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<PAGE>      PAGE  3
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<PAGE>      PAGE  4
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<PAGE>      PAGE  5
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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  10
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<PAGE>      PAGE  11
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<PAGE>      PAGE  13
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<PAGE>      PAGE  15
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<PAGE>      PAGE  18
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074 V020500     0.00
074 W000500   0.0000
074 X000500        0
074 Y000500        0
080 A000500 X
080 C000500        1
081 A000500 N
081 B000500   0
082 A000500 N
082 B000500        0
083 A000500 N
083 B000500        0
084 A000500 N
084 B000500        0
085 A000500 N
085 B000500 N
029  000600 Y
<PAGE>      PAGE  20
030 A000600   6550
030 B000600  5.00
030 C000600  0.50
031 A000600   2244
031 B000600      0
032  000600      0
033  000600   4306
034  000600 Y
035  000600      0
036 A000600 N
036 B000600      0
037  000600 N
038  000600      0
039  000600 N
040  000600 N
041  000600 N
042 A000600   0
042 B000600   0
042 C000600   0
042 D000600   0
042 E000600   0
042 F000600   0
042 G000600   0
042 H000600   0
043  000600      0
044  000600      0
062 A000600 N
062 B000600   0.0
062 C000600   0.0
062 D000600   0.0
062 E000600   0.0
062 F000600   0.0
062 G000600   0.0
062 H000600   0.0
062 I000600   0.0
062 J000600   0.0
062 K000600   0.0
062 L000600   0.0
062 M000600   0.0
062 N000600   0.0
062 O000600   0.0
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071 C000600         0
071 D000600    0
072 A000600  0
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072 C000600        0
<PAGE>      PAGE  21
072 D000600        0
072 E000600        0
072 F000600        0
072 G000600        0
072 H000600        0
072 I000600        0
072 J000600        0
072 K000600        0
072 L000600        0
072 M000600        0
072 N000600        0
072 O000600        0
072 P000600        0
072 Q000600        0
072 R000600        0
072 S000600        0
072 T000600        0
072 U000600        0
072 V000600        0
072 W000600        0
072 X000600        0
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072 Z000600        0
072AA000600        0
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072EE000600        0
073 A010600   0.0000
073 A020600   0.0000
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073 C000600   0.0000
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074 D000600        0
074 E000600        0
074 F000600        0
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074 L000600        0
074 M000600        0
074 N000600        0
074 O000600        0
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<PAGE>      PAGE  22
074 R010600        0
074 R020600        0
074 R030600        0
074 R040600        0
074 S000600        0
074 T000600        0
074 U010600        0
074 U020600        0
074 V010600     0.00
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074 W000600   0.0000
074 X000600        0
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080 A000600 X
080 C000600        1
081 A000600 N
081 B000600   0
082 A000600 N
082 B000600        0
083 A000600 N
083 B000600        0
084 A000600 N
084 B000600        0
085 A000600 N
085 B000600 N
029  000700 N
030 A000700      0
030 B000700  0.00
030 C000700  0.00
031 A000700      0
031 B000700      0
032  000700      0
033  000700      0
034  000700 Y
035  000700    158
036 A000700 N
036 B000700      0
037  000700 N
038  000700      0
039  000700 N
040  000700 Y
041  000700 Y
042 A000700   0
042 B000700   0
042 C000700   0
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042 E000700   0
042 F000700   0
042 G000700   0
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043  000700      0
<PAGE>      PAGE  23
044  000700      0
062 A000700 N
062 B000700   0.0
062 C000700   0.0
062 D000700   0.0
062 E000700   0.0
062 F000700   0.0
062 G000700   0.0
062 H000700   0.0
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062 M000700   0.0
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072 K000700        0
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072 N000700        0
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<PAGE>      PAGE  24
072CC010700        0
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073 A010700   0.0000
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073 B000700   0.0000
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080 A000700 X
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082 A000700 N
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083 A000700 N
083 B000700        0
084 A000700 N
084 B000700        0
085 A000700 N
085 B000700 N
<PAGE>      PAGE  25
029  000800 N
030 A000800      0
030 B000800  0.00
030 C000800  0.00
031 A000800      0
031 B000800      0
032  000800      0
033  000800      0
034  000800 N
035  000800      0
036 B000800      0
037  000800 N
038  000800      0
039  000800 N
040  000800 N
041  000800 N
042 A000800   0
042 B000800   0
042 C000800   0
042 D000800   0
042 E000800   0
042 F000800   0
042 G000800   0
042 H000800   0
043  000800      0
044  000800      0
062 A000800 N
062 B000800   0.0
062 C000800   0.0
062 D000800   0.0
062 E000800   0.0
062 F000800   0.0
062 G000800   0.0
062 H000800   0.0
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<PAGE>      PAGE  26
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<PAGE>      PAGE  27
074 R010800        0
074 R020800        0
074 R030800        0
074 R040800        0
074 S000800        0
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074 W000800   0.0000
074 X000800        0
074 Y000800        0
080 A000800 X
080 C000800        1
081 A000800 N
081 B000800   0
082 A000800 N
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083 A000800 N
083 B000800        0
084 A000800 N
084 B000800        0
085 A000800 N
085 B000800 N
SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  3
   <NAME>  IDS MUTUAL FUND CLASS A
       
<S>                                                               <C>
<PERIOD-TYPE>                                                     6-MOS
<FISCAL-YEAR-END>                                                 SEP-30-1998
<PERIOD-END>                                                      MAR-31-1998
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<INVESTMENTS-AT-VALUE>                                                      0
<RECEIVABLES>                                                               0
<ASSETS-OTHER>                                                     5348411424
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<TOTAL-ASSETS>                                                     5348411424
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<EQUALIZATION>                                                              0
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<GROSS-EXPENSE>                                                      20610917
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<PER-SHARE-NII>                                                           .26
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<RETURNS-OF-CAPITAL>                                                        0
<PER-SHARE-NAV-END>                                                     14.67
<EXPENSE-RATIO>                                                           .80
<AVG-DEBT-OUTSTANDING>                                                      0
<AVG-DEBT-PER-SHARE>                                                        0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  4
   <NAME>  IDS MUTUAL FUND CLASS B
       
<S>                                                               <C>
<PERIOD-TYPE>                                                     6-MOS
<FISCAL-YEAR-END>                                                 SEP-30-1998
<PERIOD-END>                                                      MAR-31-1998
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<INVESTMENTS-AT-VALUE>                                                      0
<RECEIVABLES>                                                               0
<ASSETS-OTHER>                                                     5348411424
<OTHER-ITEMS-ASSETS>                                                        0
<TOTAL-ASSETS>                                                     5348411424
<PAYABLE-FOR-SECURITIES>                                                    0
<SENIOR-LONG-TERM-DEBT>                                                     0
<OTHER-ITEMS-LIABILITIES>                                              156127
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<SENIOR-EQUITY>                                                             0
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<SHARES-COMMON-STOCK>                                                23470192
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<OVERDISTRIB-NII-PRIOR>                                                     0
<OVERDIST-NET-GAINS-PRIOR>                                                  0
<GROSS-ADVISORY-FEES>                                                  777530
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<GROSS-EXPENSE>                                                      20610917
<AVERAGE-NET-ASSETS>                                                293985207
<PER-SHARE-NAV-BEGIN>                                                   15.25
<PER-SHARE-NII>                                                           .20
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<PER-SHARE-DIVIDEND>                                                      .21
<PER-SHARE-DISTRIBUTIONS>                                                1.67
<RETURNS-OF-CAPITAL>                                                        0
<PER-SHARE-NAV-END>                                                     14.59
<EXPENSE-RATIO>                                                           .80
<AVG-DEBT-OUTSTANDING>                                                      0
<AVG-DEBT-PER-SHARE>                                                        0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  5
   <NAME>  IDS MUTUAL FUND CLASS Y
       
<S>                                                              <C>
<PERIOD-TYPE>                                                    6-MOS
<FISCAL-YEAR-END>                                                SEP-30-1998
<PERIOD-END>                                                     MAR-31-1998
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<INVESTMENTS-AT-VALUE>                                                     0
<RECEIVABLES>                                                              0
<ASSETS-OTHER>                                                    5348411424
<OTHER-ITEMS-ASSETS>                                                       0
<TOTAL-ASSETS>                                                    5348411424
<PAYABLE-FOR-SECURITIES>                                                   0
<SENIOR-LONG-TERM-DEBT>                                                    0
<OTHER-ITEMS-LIABILITIES>                                             156127
<TOTAL-LIABILITIES>                                                   156127
<SENIOR-EQUITY>                                                            0
<PAID-IN-CAPITAL-COMMON>                                          4351401820
<SHARES-COMMON-STOCK>                                              107287623
<SHARES-COMMON-PRIOR>                                               87273907
<ACCUMULATED-NII-CURRENT>                                            9063143
<OVERDISTRIBUTION-NII>                                                     0
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<OVERDISTRIBUTION-GAINS>                                                   0
<ACCUM-APPREC-OR-DEPREC>                                           684548913
<NET-ASSETS>                                                      1573835766
<DIVIDEND-INCOME>                                                   35547834
<INTEREST-INCOME>                                                   72082202
<OTHER-INCOME>                                                             0
<EXPENSES-NET>                                                      20349701
<NET-INVESTMENT-INCOME>                                             87280335
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<NET-CHANGE-IN-ASSETS>                                             496307208
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<ACCUMULATED-GAINS-PRIOR>                                          515983124
<OVERDISTRIB-NII-PRIOR>                                                    0
<OVERDIST-NET-GAINS-PRIOR>                                                 0
<GROSS-ADVISORY-FEES>                                                3574042
<INTEREST-EXPENSE>                                                         0
<GROSS-EXPENSE>                                                     20610917
<AVERAGE-NET-ASSETS>                                              1427981669
<PER-SHARE-NAV-BEGIN>                                                  15.32
<PER-SHARE-NII>                                                          .26
<PER-SHARE-GAIN-APPREC>                                                 1.03
<PER-SHARE-DIVIDEND>                                                     .27
<PER-SHARE-DISTRIBUTIONS>                                               1.67
<RETURNS-OF-CAPITAL>                                                       0
<PER-SHARE-NAV-END>                                                    14.67
<EXPENSE-RATIO>                                                          .80
<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-30-1998
<PERIOD-END>                                                      MAR-31-1998
<INVESTMENTS-AT-COST>                                                       0
<INVESTMENTS-AT-VALUE>                                                      0
<RECEIVABLES>                                                               0
<ASSETS-OTHER>                                                     2682331318
<OTHER-ITEMS-ASSETS>                                                        0
<TOTAL-ASSETS>                                                     2682331318
<PAYABLE-FOR-SECURITIES>                                                    0
<SENIOR-LONG-TERM-DEBT>                                                     0
<OTHER-ITEMS-LIABILITIES>                                              897668
<TOTAL-LIABILITIES>                                                    897668
<SENIOR-EQUITY>                                                             0
<PAID-IN-CAPITAL-COMMON>                                           2111037822
<SHARES-COMMON-STOCK>                                               200720252
<SHARES-COMMON-PRIOR>                                               172169566
<ACCUMULATED-NII-CURRENT>                                             1801632
<OVERDISTRIBUTION-NII>                                                      0
<ACCUMULATED-NET-GAINS>                                             131302205
<OVERDISTRIBUTION-GAINS>                                                    0
<ACCUM-APPREC-OR-DEPREC>                                            437291991
<NET-ASSETS>                                                       2083717874
<DIVIDEND-INCOME>                                                    27627342
<INTEREST-INCOME>                                                    12412550
<OTHER-INCOME>                                                              0
<EXPENSES-NET>                                                       11388194
<NET-INVESTMENT-INCOME>                                              28651698
<REALIZED-GAINS-CURRENT>                                            146101455
<APPREC-INCREASE-CURRENT>                                           110975583
<NET-CHANGE-FROM-OPS>                                               285728736
<EQUALIZATION>                                                              0
<DISTRIBUTIONS-OF-INCOME>                                            23964393
<DISTRIBUTIONS-OF-GAINS>                                            175753236
<DISTRIBUTIONS-OTHER>                                                       0
<NUMBER-OF-SHARES-SOLD>                                              21950956
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<SHARES-REINVESTED>                                                  21803486
<NET-CHANGE-IN-ASSETS>                                              463353887
<ACCUMULATED-NII-PRIOR>                                               1899134
<ACCUMULATED-GAINS-PRIOR>                                           207225172
<OVERDISTRIB-NII-PRIOR>                                                     0
<OVERDIST-NET-GAINS-PRIOR>                                                  0
<GROSS-ADVISORY-FEES>                                                 4580152
<INTEREST-EXPENSE>                                                          0
<GROSS-EXPENSE>                                                      11509823
<AVERAGE-NET-ASSETS>                                               1859515233
<PER-SHARE-NAV-BEGIN>                                                   10.39
<PER-SHARE-NII>                                                           .13
<PER-SHARE-GAIN-APPREC>                                                   .99
<PER-SHARE-DIVIDEND>                                                      .13
<PER-SHARE-DISTRIBUTIONS>                                                1.00
<RETURNS-OF-CAPITAL>                                                        0
<PER-SHARE-NAV-END>                                                     10.38
<EXPENSE-RATIO>                                                           .85
<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>                                                     6-MOS
<FISCAL-YEAR-END>                                                 SEP-30-1998
<PERIOD-END>                                                      MAR-31-1998
<INVESTMENTS-AT-COST>                                                       0
<INVESTMENTS-AT-VALUE>                                                      0
<RECEIVABLES>                                                               0
<ASSETS-OTHER>                                                     2682331318
<OTHER-ITEMS-ASSETS>                                                        0
<TOTAL-ASSETS>                                                     2682331318
<PAYABLE-FOR-SECURITIES>                                                    0
<SENIOR-LONG-TERM-DEBT>                                                     0
<OTHER-ITEMS-LIABILITIES>                                              897668
<TOTAL-LIABILITIES>                                                    897668
<SENIOR-EQUITY>                                                             0
<PAID-IN-CAPITAL-COMMON>                                           2111037822
<SHARES-COMMON-STOCK>                                                48681651
<SHARES-COMMON-PRIOR>                                                33662590
<ACCUMULATED-NII-CURRENT>                                             1801632
<OVERDISTRIBUTION-NII>                                                      0
<ACCUMULATED-NET-GAINS>                                             131302205
<OVERDISTRIBUTION-GAINS>                                                    0
<ACCUM-APPREC-OR-DEPREC>                                            437291991
<NET-ASSETS>                                                        505363079
<DIVIDEND-INCOME>                                                    27627342
<INTEREST-INCOME>                                                    12412550
<OTHER-INCOME>                                                              0
<EXPENSES-NET>                                                       11388194
<NET-INVESTMENT-INCOME>                                              28651698
<REALIZED-GAINS-CURRENT>                                            146101455
<APPREC-INCREASE-CURRENT>                                           110975583
<NET-CHANGE-FROM-OPS>                                               285728736
<EQUALIZATION>                                                              0
<DISTRIBUTIONS-OF-INCOME>                                             3704565
<DISTRIBUTIONS-OF-GAINS>                                             38518493
<DISTRIBUTIONS-OTHER>                                                       0
<NUMBER-OF-SHARES-SOLD>                                              12571245
<NUMBER-OF-SHARES-REDEEMED>                                           2075418
<SHARES-REINVESTED>                                                   4423234
<NET-CHANGE-IN-ASSETS>                                              463353887
<ACCUMULATED-NII-PRIOR>                                               1899134
<ACCUMULATED-GAINS-PRIOR>                                           207225172
<OVERDISTRIB-NII-PRIOR>                                                     0
<OVERDIST-NET-GAINS-PRIOR>                                                  0
<GROSS-ADVISORY-FEES>                                                 1110822
<INTEREST-EXPENSE>                                                          0
<GROSS-EXPENSE>                                                      11509823
<AVERAGE-NET-ASSETS>                                                409315387
<PER-SHARE-NAV-BEGIN>                                                   10.39
<PER-SHARE-NII>                                                           .09
<PER-SHARE-GAIN-APPREC>                                                  1.00
<PER-SHARE-DIVIDEND>                                                      .10
<PER-SHARE-DISTRIBUTIONS>                                                1.00
<RETURNS-OF-CAPITAL>                                                        0
<PER-SHARE-NAV-END>                                                     10.38
<EXPENSE-RATIO>                                                          1.61
<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>                                                     6-MOS
<FISCAL-YEAR-END>                                                 SEP-30-1998
<PERIOD-END>                                                      MAR-31-1998
<INVESTMENTS-AT-COST>                                                       0
<INVESTMENTS-AT-VALUE>                                                      0
<RECEIVABLES>                                                               0
<ASSETS-OTHER>                                                     2682331318
<OTHER-ITEMS-ASSETS>                                                        0
<TOTAL-ASSETS>                                                     2682331318
<PAYABLE-FOR-SECURITIES>                                                    0
<SENIOR-LONG-TERM-DEBT>                                                     0
<OTHER-ITEMS-LIABILITIES>                                              897668
<TOTAL-LIABILITIES>                                                    897668
<SENIOR-EQUITY>                                                             0
<PAID-IN-CAPITAL-COMMON>                                           2111037822
<SHARES-COMMON-STOCK>                                                 8893672
<SHARES-COMMON-PRIOR>                                                 7575548
<ACCUMULATED-NII-CURRENT>                                             1801632
<OVERDISTRIBUTION-NII>                                                      0
<ACCUMULATED-NET-GAINS>                                             131302205
<OVERDISTRIBUTION-GAINS>                                                    0
<ACCUM-APPREC-OR-DEPREC>                                            437291991
<NET-ASSETS>                                                         92352697
<DIVIDEND-INCOME>                                                    27627342
<INTEREST-INCOME>                                                    12412550
<OTHER-INCOME>                                                              0
<EXPENSES-NET>                                                       11388194
<NET-INVESTMENT-INCOME>                                              28651698
<REALIZED-GAINS-CURRENT>                                            146101455
<APPREC-INCREASE-CURRENT>                                           110975583
<NET-CHANGE-FROM-OPS>                                               285728736
<EQUALIZATION>                                                              0
<DISTRIBUTIONS-OF-INCOME>                                             1080242
<DISTRIBUTIONS-OF-GAINS>                                              7752693
<DISTRIBUTIONS-OTHER>                                                       0
<NUMBER-OF-SHARES-SOLD>                                               1561375
<NUMBER-OF-SHARES-REDEEMED>                                           1198548
<SHARES-REINVESTED>                                                    955297
<NET-CHANGE-IN-ASSETS>                                              463353887
<ACCUMULATED-NII-PRIOR>                                               1899134
<ACCUMULATED-GAINS-PRIOR>                                           207225172
<OVERDISTRIB-NII-PRIOR>                                                     0
<OVERDIST-NET-GAINS-PRIOR>                                                  0
<GROSS-ADVISORY-FEES>                                                  202997
<INTEREST-EXPENSE>                                                          0
<GROSS-EXPENSE>                                                      11509823
<AVERAGE-NET-ASSETS>                                                 81676798
<PER-SHARE-NAV-BEGIN>                                                   10.40
<PER-SHARE-NII>                                                           .14
<PER-SHARE-GAIN-APPREC>                                                   .98
<PER-SHARE-DIVIDEND>                                                      .14
<PER-SHARE-DISTRIBUTIONS>                                                1.00
<RETURNS-OF-CAPITAL>                                                        0
<PER-SHARE-NAV-END>                                                     10.38
<EXPENSE-RATIO>                                                           .78
<AVG-DEBT-OUTSTANDING>                                                      0
<AVG-DEBT-PER-SHARE>                                                        0
        

</TABLE>


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