AXP INVESTMENT SERIES INC
NSAR-B, EX-27, 2000-11-27
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<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  5
   <NAME>  AXP MUTUAL FUND CLASS Y

<S>                                            <C>
<PERIOD-TYPE>                                            YEAR
<FISCAL-YEAR-END>                                 SEP-30-2000
<PERIOD-END>                                      SEP-30-2000
<INVESTMENTS-AT-COST>                                       0
<INVESTMENTS-AT-VALUE>                                      0
<RECEIVABLES>                                               0
<ASSETS-OTHER>                                     4013917674
<OTHER-ITEMS-ASSETS>                                        0
<TOTAL-ASSETS>                                     4013917674
<PAYABLE-FOR-SECURITIES>                                    0
<SENIOR-LONG-TERM-DEBT>                                     0
<OTHER-ITEMS-LIABILITIES>                              116887
<TOTAL-LIABILITIES>                                    116887
<SENIOR-EQUITY>                                             0
<PAID-IN-CAPITAL-COMMON>                           3873596251
<SHARES-COMMON-STOCK>                                80475838
<SHARES-COMMON-PRIOR>                                88422184
<ACCUMULATED-NII-CURRENT>                             5556629
<OVERDISTRIBUTION-NII>                                      0
<ACCUMULATED-NET-GAINS>                                     0
<OVERDISTRIBUTION-GAINS>                             42456114
<ACCUM-APPREC-OR-DEPREC>                            177094021
<NET-ASSETS>                                        982336134
<DIVIDEND-INCOME>                                    41017599
<INTEREST-INCOME>                                   109933183
<OTHER-INCOME>                                              0
<EXPENSES-NET>                                       40619465
<NET-INVESTMENT-INCOME>                             110331317
<REALIZED-GAINS-CURRENT>                              8877419
<APPREC-INCREASE-CURRENT>                            54556042
<NET-CHANGE-FROM-OPS>                               173764778
<EQUALIZATION>                                              0
<DISTRIBUTIONS-OF-INCOME>                            28279204
<DISTRIBUTIONS-OF-GAINS>                             80724160
<DISTRIBUTIONS-OTHER>                                       0
<NUMBER-OF-SHARES-SOLD>                              19134341
<NUMBER-OF-SHARES-REDEEMED>                          35857395
<SHARES-REINVESTED>                                   8776708
<NET-CHANGE-IN-ASSETS>                             (691201744)
<ACCUMULATED-NII-PRIOR>                               2722083
<ACCUMULATED-GAINS-PRIOR>                           273842299
<OVERDISTRIB-NII-PRIOR>                                     0
<OVERDIST-NET-GAINS-PRIOR>                                  0
<GROSS-ADVISORY-FEES>                                 5047067
<INTEREST-EXPENSE>                                          0
<GROSS-EXPENSE>                                      40922648
<AVERAGE-NET-ASSETS>                               1073206693
<PER-SHARE-NAV-BEGIN>                                   12.95
<PER-SHARE-NII>                                           .34
<PER-SHARE-GAIN-APPREC>                                   .16
<PER-SHARE-DIVIDEND>                                      .33
<PER-SHARE-DISTRIBUTIONS>                                 .91
<RETURNS-OF-CAPITAL>                                        0
<PER-SHARE-NAV-END>                                     12.21
<EXPENSE-RATIO>                                           .72


</TABLE>


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