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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Post-Effective Amendment No. 80 (File No. 2-10700) X
and/or
REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940
Amendment No. 30 (File No. 811-499) X
IDS SELECTIVE FUND
IDS Tower 10, Minneapolis, MN 55440
Leslie L. Ogg - 901 S. Marquette Avenue, Suite 2810,
Minneapolis, MN 55402-3268
(612) 330-9283
Approximate Date of Proposed Public Offering:
It is proposed that this filing will become effective (check
appropriate box)
X immediately upon filing pursuant to paragraph (b)
on (date) pursuant to paragraph (b)
60 days after filing pursuant to paragraph (a)(i)
on (date) pursuant to paragraph (a)(i)
75 days after filing pursuant to paragraph (a)(ii)
on (date) pursuant to paragraph (a)(ii) of rule 485.
If appropriate, check the following box:
this post-effective amendment designates a new effective date for a
previously filed post-effective amendment.
<TABLE>
<CAPTION>
_______________________________________________________________________________
Proposed Proposed
Title of Maximum Maximum
Securities Amount Offering Aggregate Amount of
Being Being Price per Offering Registration
Registered Registered Unit1 Price2 Fee
<S> <C> <C> <C> <C>
Capital Stock
of $.01 par
value per share Indefinite* N/A N/A N/A
Capital Stock
of $.01 par
value per share 24,645,980 $8.98 $221,320,901 $100
_______________________________________________________________________________
FN
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*Registrant has registered an indefinite number or amount of
securities under the Securities Act of 1933 pursuant to Rule 24f-2
under the Investment Company Act of 1940. The Rule 24f-2 Notice
for Registrant's most recent fiscal year ended Nov. 30, 1994 was
filed on January 24, 1995.
1. Computed under Rule 457(d) on the basis of the offering price
per share at the close of business on January 17, 1995.
2. Registrant elects to calculate the maximum aggregate offering
price pursuant to Rule 24e-2. $421,030,271 of shares was redeemed
during the fiscal year ended Nov. 30, 1994. $199,999,368 of shares
was used for reductions pursuant to paragraph (c) of Rule 24f-2
during the current year. $221,030,903 of shares is the amount of
redeemed shares used for reduction in this amendment.
</TABLE>
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the
Investment Company Act of 1940, the Registrant, IDS Selective Fund,
certifies that it meets the requirements for the effectiveness of
this Amendment to its Registration Statement pursuant to Rule
485(b) under the Securities Act of 1993, and has duly caused this
Amendment to its Registration Statement to be signed on its behalf
by the undersigned, thereunto duly authorized, in the City of
Minneapolis and State of Minnesota on the 24th day of January,
1995.
IDS SELECTIVE FUND
/s/ William R. Pearce**
William R. Pearce, President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to the Registration Statement has been signed below by
the following persons in the capacities indicated on the 24th day
of January, 1995.
Signatures Capacity
/s/ William R. Pearce** President, Principal
William R. Pearce Executive Officer and
Director
/s/ Leslie L. Ogg** Treasurer, Principal
Leslie L. Ogg Financial Officer and
Principal Accounting
Officer
/s/ Lynne V. Cheney*
Lynne V. Cheney Director
/s/ William H. Dudley* Director
William H. Dudley
/s/ Robert F. Froehlke* Director
Robert F. Froehlke
/s/ David R. Hubers* Director
David R. Hubers
/s/ Heinz F. Hutter* Director
Heinz F. Hutter
/s/ Anne P. Jones* Director
Anne P. Jones
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Signatures Capacity
/s/ Donald M. Kendall* Director
Donald M. Kendall
/s/ Melvin R. Laird* Director
Melvin R. Laird
/s/ Lewis W. Lehr* Director
Lewis W. Lehr
/s/ Edson W. Spencer* Director
Edson W. Spencer
/s/ John R. Thomas* Director
John R. Thomas
/s/ Wheelock Whitney* Director
Wheelock Whitney
/s/ C. Angus Wurtele*
C. Angus Wurtele Director
*Signed pursuant to Directors' Power of Attorney dated Nov. 10,
1994, filed electronically as Exhibit 18(a) to Registrant's Post-
Effective Amendment No. 79 to Registration Statement No. 2-10700
by:
___________________________
Leslie L. Ogg
**Signed pursuant to Officers' Power of Attorney dated June 1,
1993, filed as Exhibit 17(b) to Registrant's Post-Effective
Amendment No. 76 to Registration Statement No. 2-10700 by:
____________________________
Leslie L. Ogg
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EXHIBIT INDEX
(B)(10) OPINION OF COUNSEL
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January 24, 1995
IDS Selective Fund, Inc.
IDS Tower 10
Minneapolis, MN 55440-0010
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 Nov. 30, 1994, 163,598,056 shares were issued and
outstanding;
(b) That all of 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 now proposes to register an additional
24,645,980 shares by post-effective amendment, pursuant to
Rule 24e-2 of the Investment Company Act of 1940, and that
when sold at not less than their par value and in accordance
with applicable federal and state securities laws such shares
will be legally issued, fully paid and non-assessable.
I hereby consent that the foregoing opinion may be used in
connection with the post-effective amendment to your registration
statement to be filed by you pursuant to Section 24(e) of the
Investment Company Act of 1940, as amended for the purpose of
increasing the shares of capital stock, the securities specified
therein, as proposed to be offered.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, MN 55402-3268
LLO/SP/cah
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