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PAGE 1
FINANCIAL PLANNING
IDS Stock Fund
1993 annual report
(prospectus enclosed)
(Icon of) building with columns
The goals of IDS Stock Fund, Inc. are current income and growth of
capital. The fund invests primarily in common stocks and
securities convertible into common stock.
IDS
An American Express company
AMERICAN
EXPRESS
Distributed by IDS Financial Services Inc.
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PAGE 2
(Icon of) building with columns
Big names, big business
These are the names you know. They are the movers and shakers of
today's business world. Whether representing established U.S.
firms or companies that have made their mark over-seas, the
securities found in Stock Fund make up a veritable who's who in the
financial market. These stocks offer a dual benefit of ongoing
growth potential along with a steady stream of dividend income.
And as we move toward a more global economy, these blue chip,
multi-national companies are well-positioned to prosper in the 21st
century.
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PAGE 3
Contents
(Icon of) One book inside of another and their both being opened
together.
The purpose of this annual report is to tell investors how the fund
performed.
The prospectus which is bound into the middle of this annual
report, describes the fund in detail.
1993 annual report
From the president 4
From the portfolio manager 4
Ten largest holdings 6
Long-term performance 7
Making the most of your fund 8
Independent auditors' report 9
Financial statements 10
Notes to financial statements 13
Investments in securities 20
IDS mutual funds 24
Federal income tax information 27
1993 prospectus
The fund in brief
Goals 3p
Types of fund investments 3p
Manager and distributor 3p
Portfolio manager 3p
Sales charge and fund expenses
Sales charge 4p
Operating expenses 4p
Performance
Financial highlights 5p
Total returns 6p
Key terms 7p
How to buy, exchange or sell shares
How to buy shares 8p
How to exchange shares 10p
How to sell shares 10p
Reductions of the sales charge 14p
Waivers of the sales charge 16p
Special shareholder services
Services 17p
Quick telephone reference 17p
Distributions and taxes
Dividend and capital gain distributions 18p
Reinvestments 19p
Taxes 20p
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PAGE 4
Investment policies
Facts about investments and their risks 23p
Valuing assets 26p
How the fund is organized
Shares 27p
Voting rights 27p
Shareholder meetings 27p
Directors and officers 27p
Investment manager and transfer agent 29p
Distributor 30p
About IDS
General information 31p
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PAGE 5
To our shareholders
(Photo of) William R. Pearce, President of the fund
(Photo of) Joe Barsky, Portfolio manager
From the president
As you read this report, you'll find it very different from those
you've received from us in the past. We've made substantial
changes in the design and organization to make the information
easier to find and understand.
The annual report and prospectus are combined into a single
document, and each provides information important to you. The
annual report gives you the fund's performance information and a
snapshot of its investments. A good place to begin is with the
portfolio manager's letter, which describes the events and
investment strategies that most influenced the fund's performance
during the year. The prospectus includes essential data such as
the fund's investment policies and service information.
In redesigning our reports, we asked IDS financial planners and
some of you for suggestions and recommendations. We believe that
you'll find the results of our work worthwhile.
William R. Pearce
From the portfolio manager
Strong performance by foreign stocks and U.S. stocks that benefit
from an improving economy played a key role in helping IDS Stock
Fund turn in an above-average performance for the fiscal year ended
October 31. Those holdings - combined with favorable market
conditions - enabled the fund to outperform the market as whole,
based on the Standard & Poor's 500 stock index (an unmanaged list
of larger stocks commonly used to measure market performance).
During the first half of the year, we took advantage of the
favorable climate for value stocks (those of companies whose stock
prices currently do not reflect the true value of their underlying
assets) and pared our holdings in consumer stocks such as tobacco,
food and health care as their potential declined. We also
continued to add "cyclical" stocks, whose performance is closely
tied to economic trends. Among those, our holdings in financial
services, energy and housing fared particularly well in the first
six months as the economy continued its slow improvement.
Although we added some value stocks during the first half, we also
continued to emphasize companies with strong growth prospects.
That strategy worked especially well later in the fiscal year, when
the market shifted from favoring value stocks to growth stocks.
Foreign holdings raised
Because of the increasing influence of foreign stock markets on the
total investment market-place, in mid-period the fund's board
approved a policy change regarding the maximum percentage of
foreign holdings. The limit was raised from 15% to 25%, allowing
us to continue adding promising foreign stocks across a broad range
of sectors, including banks and thrifts, telecommunications
equipment/service and utilities. We think foreign markets will
remain attractive, and we expect to take greater advantage of our
increased flexibility in this area.
Capitalizing on opportunities both at home and abroad kept the fund
almost fully invested throughout the fiscal year, resulting in a
low cash level of approximately 7%. In addition, we attempted to
moderate the portfolio's volatility by investing in convertible
preferred stocks and bonds (corporate securities that are
exchangeable for common stock). These "convertibles" also provide
substantial yields, which can help over-come any price volatility
in the security.
Improving economies
The fund's management team continues to seek opportunities in
cyclical industries, both in overseas markets and at home. We
expect many foreign economies to move from recessionary
environments to growth environments.
Greater growth also is expected in the U.S. economy, which should
benefit stocks. However, the over-all market probably will
continue to be volatile if, as we expect, short-term interest rates
rise.
Currently, consumer and health care stocks offer some good values,
created by large sell-offs earlier in the year. The fund has added
some of these stocks to the portfolio, including PepsiCo, a
diversified food-and-beverage company, Foundation Health, a health-
maintenance organization, and Reader's Digest, a media company.
Looking ahead, we do not expect to make major shifts in fund
strategies based on short-term events. We feel shareholders are
better served by a long-term investment philosophy, and we'll
continue to abide by that.
Joe Barksy
12-month performance
(All figures per share)
Net asset value (NAV)
Oct. 31, 1993 $21.24
Oct. 31, 1992 $20.05
Increase $ 1.19
Distributions
Nov. 1, 1992 - Oct. 31, 1993
From income $ .72
From capital gains $ 1.57
Total distributions $ 2.29
Total return* 18.8%
*If you purchased shares in the fund during this period, your
return also would have been affected by the sales charge, as
described in the prospectus.<PAGE>
PAGE 6
Your fund's ten largest holdings
(pie chart representing) The ten holdings listed here make up
14.52% of the fund's net assets.
<TABLE>
<CAPTION>
Your fund's ten largest holdings
_____________________________________________________________________________________________________________
Percent Value
(of fund's net assets) (as of Oct. 31, 1993)
_____________________________________________________________________________________________________________
<S> <C> <C>
Kimberly-Clark de Mexico Class A 1.69% $ 34,866,000
An independent company co-founded by Dallas-based
Kimberly Clark, a large producer of paper and packaging
materials.
Pacific Telesis Group 1.53 31,553,125
The sixth-largest U.S. telephone holding company, it
provides local phone service in parts of California and
Nevada.
General Motors Class H 1.52 31,300,000
A high-technology applications company engaged in
automotive electronics, defense electronics,
telecommunication and commercial technology.
Dana Corp. 1.42 29,187,500
A producer of truck and car components and parts for use
in the original equipment manufacturing automotive
aftermarket.
General Electric 1.41 29,100,000
General Electric is a diversified company with interest
in manufacturing, broadcasting (NBC), financial services
and technology.
Royal Dutch Petroleum 1.41 29,081,250
Royal Dutch Petroleum Co, which includes Royal Dutch (the
Dutch version) and Shell Transport (the English
version) is a major oil company.
Texaco 1.41 28,953,125
One of the "smaller" international integrated oil
suppliers, the company has several important joint
ventures in Saudi Arabia and the Far East.
CIGNA Corp. 1.39 28,528,125
Among the largest insurance-based financial services
firms, CIGNA is a leader in the property/casualty,
group life/health insurance fields.
Eastman Kodak 1.38 28,350,000
The world's largest photo-products company, the company
also produces chemicals and drugs.
Hong Kong Telecom 1.36 28,080,000
The holding company for Hong Kong Telephone Company,
which has exclusive rights to provide Hong Kong's local
and international telephone and telex services.
</TABLE>
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PAGE 7
Your fund's long-term performance
How your $10,000 has grown in IDS Stock Fund
$40,000
$35,731
Stock Fund
$30,000
S&P 500
Stock Index
$20,000
Lipper
Growth & Income Fund Index
$9,500
83 84 85 86 87 88 89 90 91 92 93
Assumes: Holding period from 10/31/83 to 10/31/93. Returns do not
reflect taxes payable on distributions. Also see "Performance" in
the fund's current prospectus. Reinvestment of all income and
capital gain distributions for the fund, with a value of $22,972.
The Standard & Poor's 500 Stock Index, an unmanaged list of larger
stocks, is frequently used as a general measure of market
performance.
Lipper Growth and Income Fund Index, published by Lipper Analytical
Services, Inc., include 30 funds that are generally similar to the
fund, although some funds in the index may have somewhat different
investment policies or objectives.
If you invested $10,000 in Stock Fund in 1983 and held the fund for
ten years, reinvesting all dividends, your investment would have
more than tripled by 1993, to $35,731.
On the chart above you can see how the fund's total return compared
to two widely cited performance indexes, the S&P 500 and the Lipper
Growth & Income Fund Index. In comparing Stock Fund to the two
indexes, you should take account of the fact that the fund's
performance reflects the maximum sales charge of 5%, while such
charges are not reflected in the performance of the indexes. If
you were actually to buy either individual stocks or growth mutual
funds, any sales charges that you pay would reduce your total
return as well.
Average annual total return
(as of Oct. 31, 1993)
1 year 5 years 10 years
+12.85% +14.24% +13.57%
Your investment and return value fluctuate so that your shares,
when redeemed, may be worth more or less than the original cost.
Figures reflect the effect of the 5% sales charge. Past
performance is no guarantee of future results.
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PAGE 8
Making the most of your fund
Build your assets systematically
To keep your assets growing steadily, one of the best ways to
invest in the fund is by dollar-cost averaging -- a time-tested
strategy that can make market fluctuations work for you. To
dollar-cost average, simply invest a fixed amount of money
regularly. You'll automatically buy more shares when the fund's
share price is low, fewer shares when it is high.
This does not ensure a profit or avoid a loss if the market
declines. But, if you can continue to invest regularly through
changing market conditions, it can be an effective way to
accumulate shares to meet your long-term goals.
How dollar-cost averaging works
Month Amount Per-share Number of shares purchased
invested market price
Jan $100 $20 5.00
Feb 100 16 6.25
Mar 100 9 11.11
Apr 100 5 20.00
May 100 7 14.29
June 100 10 10.00
July 100 15 6.67
Aug 100 20 5.00
Sept 100 17 5.88
Oct 100 12 8.33
(footnotes to table) By investing an equal number of dollars each
month...
(arrow in table pointing to April) you automatically buy more
shares when the per share market price is low
(arrow in table pointing to August) and fewer shares when the per
share market price is high.
You have paid an average price of only $10.81 per share over the 10
months, while the average market price actually was $13.10.
Three ways to benefit from a mutual fund:
o your shares increase in value when the fund's investments do
well
o you receive capital gains when the gains on investments sold
by the fund exceed losses
o you receive income when the fund's stock dividends, interest
and short-term gains exceed its expenses.
All three make up your total return. And you potentially can
increase your investment if, like most investors, you reinvest your
dividends and capital gain distributions to buy additional shares
of the fund or another fund.
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PAGE 9
Independent auditors' report
___________________________________________________________________
The board of directors and shareholders
IDS Stock Fund, Inc.:
We have audited the accompanying statement of assets and
liabilities, including the schedule of investments in securities,
of IDS Stock Fund, Inc. as of October 31, 1993, and the related
statement of operations for the year then ended and the statements
of changes in net assets for each of the years in the two-year
period ended October 31, 1993, and the financial highlights for
each of the years in the ten-year period ended October 31, 1993.
These financial statements and the financial highlights are the
responsibility of Fund management. Our responsibility is to
express an opinion on these financial statements and the financial
highlights based on our audits.
We conducted our audits in accordance with generally accepted
auditing standards. Those standards require that we plan and
perform the audit to obtain reasonable assurance about whether the
financial statements and the financial highlights are free of
material misstatement. An audit includes examining, on a test
basis, evidence supporting the amounts and disclosures in the
financial statements. Investment securities held in custody are
confirmed to us by the custodian. As to securities purchased and
sold but not received or delivered, and securities on loan, we
request confirmations from brokers, and where replies are not
received, we carry out other appropriate auditing procedures. An
audit also includes assessing the accounting principles used and
significant estimates made by management, as well as evaluating the
overall financial statement presentation. We believe that our
audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present
fairly, in all material respects, the financial position of IDS
Stock Fund, Inc. at October 31, 1993, and the results of its
operations for the year then ended and the changes in its net
assets for each of the years in the two-year period ended October
31, 1993, and the financial highlights for the periods stated in
the first paragraph above, in conformity with generally accepted
accounting principles.
KPMG Peat Marwick
Minneapolis, Minnesota
December 3, 1993
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PAGE 10
Financial statements
<TABLE>
<CAPTION>
Statement of assets and liabilities
IDS Stock Fund, Inc.
Year ended Oct. 31, 1993
_____________________________________________________________________________________________________________
Assets
_____________________________________________________________________________________________________________
<S> <C>
Investments in securities, at value (Note 1)
(identified cost $1,778,964,746) $2,091,170,302
Cash in bank on demand deposit 18,620,781
Dividends and accrued interest receivable 7,998,374
Receivable for investment securities sold 9,651,991
Receivable for forward foreign currency contracts held, at value (Notes 1 and 4) 1,820,705
U.S. government securities held as collateral (Note 6) 3,389,578
_____________________________________________________________________________________________________________
Total assets 2,132,651,731
_____________________________________________________________________________________________________________
Liabilities
_____________________________________________________________________________________________________________
Payable for investment securities purchased 33,111,910
Payable for forward foreign currency contracts held, at value (Notes 1 and 4) 1,824,076
Payable upon return of securities loaned (Note 6) 37,215,878
Accrued investment management and services fee 848,312
Accrued distribution fee 64,003
Accrued transfer agency fee 160,008
Other accrued expenses 330,241
_____________________________________________________________________________________________________________
Total liabilities 73,554,428
_____________________________________________________________________________________________________________
Net assets applicable to outstanding capital stock $2,059,097,303
_____________________________________________________________________________________________________________
Represented by
_____________________________________________________________________________________________________________
Capital stock -- authorized 10,000,000,000 shares of $.01 par value;
outstanding 96,935,826 shares $ 969,358
Additional paid-in capital 1,551,492,571
Undistributed net investment income 5,437,453
Accumulated net realized gain on investments (Note 1) 188,995,736
Unrealized appreciation of investments (Note 4) 312,202,185
_____________________________________________________________________________________________________________
Total -- representing net assets applicable to outstanding capital stock $2,059,097,303
_____________________________________________________________________________________________________________
Net asset value per share of outstanding capital stock $ 21.24
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
</TABLE>
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PAGE 11
Financial statements
<TABLE>
<CAPTION>
Statement of operations
IDS Stock Fund, Inc.
Year ended Oct. 31, 1993
_____________________________________________________________________________________________________________
Investment income
_____________________________________________________________________________________________________________
<S> <C>
Income:
Dividends (net of foreign taxes withheld of $1,034,384) $ 45,639,931
Interest 17,624,205
_____________________________________________________________________________________________________________
Total income 63,264,136
_____________________________________________________________________________________________________________
Expenses (Note 2):
Investment management and services fee 9,693,683
Distribution fee 734,292
Transfer agency fee 1,820,496
Compensation of directors 88,130
Compensation of officers 29,842
Custodian fees 295,915
Postage 225,172
Registration fees 109,320
Reports to shareholders 76,248
Audit fees 29,500
Administrative 34,689
Other 62,500
_____________________________________________________________________________________________________________
Total expenses 13,199,787
_____________________________________________________________________________________________________________
Investment income -- net 50,064,349
_____________________________________________________________________________________________________________
Realized and unrealized gain on investments and foreign currency -- net
_____________________________________________________________________________________________________________
Net realized gain on security and foreign currency transactions (including gain of $28,968
from foreign currency translations) (Note 3) 189,124,974
Net realized gain on closed options contracts written (Note 5) 66,509
_____________________________________________________________________________________________________________
Net realized gain on investments and foreign currency 189,191,483
Net change in unrealized appreciation or depreciation of investments 75,180,622
_____________________________________________________________________________________________________________
Net gain on investments and foreign currency 264,372,105
_____________________________________________________________________________________________________________
Net increase in net assets resulting from operations $314,436,454
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
</TABLE>
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PAGE 12
Financial statements
<TABLE>
<CAPTION>
Statements of changes in net assets
IDS Stock Fund, Inc.
Year ended Oct. 31, 1993
_____________________________________________________________________________________________________________
Operations and distributions 1993 1992
_____________________________________________________________________________________________________________
<S> <C> <C>
Investment income -- net $ 50,064,349 $ 51,506,684
Net realized gain on investments and foreign currency 189,191,483 144,492,268
Net change in unrealized appreciation or
depreciation of investments 75,180,622 (53,965,961)
_____________________________________________________________________________________________________________
Net increase in net assets resulting from operations 314,436,454 142,032,991
_____________________________________________________________________________________________________________
Distributions to shareholders from:
Net investment income (47,684,415) (50,608,285)
Net realized gain on investments (145,269,306) (82,243,219)
Excess distribution of realized gain (Note 1) (28,968) --
_____________________________________________________________________________________________________________
Total distributions (192,982,689) (132,851,504)
_____________________________________________________________________________________________________________
Capital share transactions
_____________________________________________________________________________________________________________
Proceeds from sales of
13,265,220 and 8,183,088 shares (Note 2) 267,880,638 162,291,885
Net asset value of 9,177,264 and 6,332,048 shares
issued in reinvestment of distributions 176,369,824 120,051,293
Payments for redemptions of
8,219,963 and 7,371,745 shares (165,004,017) (145,942,501)
_____________________________________________________________________________________________________________
Increase in net assets from capital share transactions
representing net addition of
14,222,521 and 7,143,391 shares 279,246,445 136,400,677
_____________________________________________________________________________________________________________
Total increase in net assets 400,700,210 145,582,164
_____________________________________________________________________________________________________________
Net assets at beginning of year 1,658,397,093 1,512,814,929
_____________________________________________________________________________________________________________
Net assets at end of year
(including undistributed net investment income of
$5,437,453 and $3,042,776) $2,059,097,303 $1,658,397,093
_____________________________________________________________________________________________________________
See accompanying notes to financial statements.
</TABLE>
<PAGE>
PAGE 13
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
1. Summary of significant accounting policies
The fund is registered under the Investment Company Act of 1940 (as
amended) as a diversified, open-end management investment company.
Significant accounting policies followed by the fund are summarized
below:
Valuation of securities
All securities are valued at the close of each business day.
Securities traded on national securities exchanges or included in
national market systems are valued at the last quoted sales price;
securities for which market quotations are not readily available
are valued at fair value according to methods selected in good
faith by the board of directors. Determination of fair value
involves, among other things, reference to market indexes,
matrixes and data from independent brokers. Short-term securities
maturing in more than 60 days from the valuation date are valued at
the market price or approximate market value based on current
interest rates; those maturing in 60 days or less are valued at
amortized cost.
Options transactions
In order to produce incremental earnings, protect gains, and
facilitate buying and selling of securities for investment
purposes, the fund may buy and sell put and call options and write
covered call options on portfolio securities and may write
cash-secured put options. The risk in writing a call option is
that the fund gives up the opportunity of profit if the market
price of the security increases. The risk in writing a put option
is that the fund may incur a loss if the market price of the
security decreases and the option is exercised. The risk in buying
an option is that the fund pays a premium whether or not the option
is exercised. The fund also has the additional risk of not being
able to enter into a closing transaction if a liquid secondary
market does not exist.
Option contracts are valued daily at the closing prices on their
primary exchanges and unrealized appreciation or depreciation is
recorded. The fund will realize a gain or loss upon expiration or
closing of the option transaction. When an option is exercised,
the proceeds on sales for a written call option, the purchase cost
for a written put option or the cost of a security for a purchased
put or call option is adjusted by the amount of premium received or
paid.
<PAGE>
PAGE 14
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
1. Summary of significant accounting policies
Futures transactions
In order to gain exposure to or protect itself from changes in the
market, the fund may buy and sell stock index futures contracts.
Risks of entering into futures contracts and related options
include the possibility that there may be an illiquid market and
that a change in the value of the contract or option may not
correlate with changes in the value of the underlying securities.
Upon entering into a futures contract, the fund is required to
deposit either cash or securities in an amount (initial margin)
equal to a certain percentage of the contract value. Subsequent
payments (variation margin) are made or received by the fund each
day. The variation margin payments are equal to the daily changes
in the contract value and are recorded as unrealized gains and
losses. The fund recognizes a realized gain or loss when the
contract is closed or expires.
Foreign currency translations and
forward foreign currency contracts
Securities and other assets and liabilities denominated in foreign
currencies are translated daily into U.S. dollars at the closing
rate of exchange. Foreign currency amounts related to the purchase
or sale of securities and income and expenses are translated at the
exchange rate on the transaction date. It is not practicable to
identify that portion of realized and unrealized gain (loss)
arising from changes in the exchange rates from the portion arising
from changes in the market value of investments.
The fund may enter into forward foreign currency exchange contracts
for operational purposes and to protect against adverse exchange
rate fluctuation. The net U.S. dollar value of foreign currency
underlying all contractual commitments held by the fund and the
resulting unrealized appreciation or depreciation are determined
using foreign currency exchange rates from an independent pricing
service. The fund is subject to the credit risk that the other
party will not complete the obligations of the contract.
Federal taxes
Since the fund's policy is to comply with all sections of the
Internal Revenue Code applicable to regulated investment companies
and to distribute all of its taxable income to shareholders, no
provision for income or excise taxes is required.
<PAGE>
PAGE 15
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
1. Summary of significant accounting policies
Net investment income (loss) and net realized gains (losses) may
differ for financial statement and tax purposes primarily because
of the deferral of losses on certain futures contracts, the
recognition of certain foreign currency gains (losses) as ordinary
income (loss) for tax purposes, and losses deferred due to "wash
sale" transactions. The character of distributions made during the
year from net investment income or net realized gains may differ
from their ultimate characterization for federal income tax
purposes. The effect on dividend distributions of certain
book-to-tax differences is presented as "excess distributions" in
the statement of changes in net assets. Also, due to the timing of
dividend distributions, the fiscal year in which amounts are
distributed may differ from the year that the income or realized
gains (losses) were recorded by the fund.
On the statement of assets and liabilities, as a result of
permanent book-to-tax differences, undistributed net investment
income has been increased by $14,743, resulting in a net
reclassification adjustment to decrease paid-in-capital by $14,743.
Dividends to shareholders
Dividends from net investment income, declared and paid each
calendar quarter, are reinvested in additional shares of the fund
at net asset value or payable in cash. Capital gains, when
available, are distributed along with the last income dividend of
the calendar year.
Other
Security transactions are accounted for on the date securities are
purchased or sold. Dividend income is recognized on the
ex-dividend date and interest income, including level-yield
amortization of premium and discount, is accrued daily.
<PAGE>
PAGE 16
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
2. Expenses and sales charges
Under terms of an agreement dated Nov. 14, 1991, the fund pays IDS
Financial Corporation (IDS) a fee for managing its investments,
recordkeeping and other specified services. The fee is a
percentage of the fund's average daily net assets consisting of a
group asset charge in reducing percentages from 0.46% to 0.32%
annually on the combined net assets of all non-money market funds
in the IDS MUTUAL FUND GROUP and an individual annual asset charge
of 0.14% of average daily net assets. The fee is adjusted upward
or downward by a performance incentive adjustment based on the
fund's average daily net assets over a rolling 12-month period as
measured against the change in the Lipper Growth and Income Fund
Index. The maximum adjustment is 0.08% of the fund's average
daily net assets after deducting 1% from the performance
difference. If the performance difference is less than 1%, the
adjustment will be zero. The adjustment decreased the fee by
$190,356 for the year ended Oct. 31, 1993.
The fund also pays IDS a distribution fee at an annual rate of $6
per shareholder account and a transfer agency fee at an annual rate
of $15 per shareholder account. The transfer agency fee is reduced
by earnings on monies pending shareholder redemptions.
IDS will assume and pay any expenses (except taxes and brokerage
commissions) that exceed the most restrictive applicable state
expense limitation.
Sales charges by IDS Financial Services Inc. for distributing fund
shares were $1,924,690 for the year ended Oct. 31, 1993. The fund
also pays custodian fees to IDS Bank & Trust, an affiliate of IDS.
The fund has a retirement plan for its independent directors. Upon
retirement, directors receive monthly payments equal to one-half of
the retainer fee for as many months as they served as directors up
to 120 months. There are no death benefits. The plan is not
funded but the fund recognizes the cost of payments during the time
the directors serve on the board. The retirement plan expense
amounted to $30,433 for the year ended Oct. 31, 1993.
___________________________________________________________________
3. Securities transactions
Cost of purchases and proceeds from sales of securities (other than
short-term obligations) aggregated $1,307,656,060 and
$1,311,828,516, respectively, for the year ended Oct. 31, 1993.
Realized gains and losses are determined on an identified cost
basis.
Brokerage commissions paid to brokers affiliated with IDS were
$459,287 for the year ended Oct. 31, 1993.
<PAGE>
PAGE 17
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
4. Forward foreign currency contracts
At Oct. 31, 1993, the fund had entered into six forward foreign
currency exchange contracts that obligate the fund to deliver
currencies at specified future dates. The unrealized depreciation
of $3,371 on these contracts is included in the accompanying
financial statements. The terms of the open contracts are as
follows:
<TABLE>
<CAPTION> U.S. Dollar value U.S. Dollar value
Currency to be as of Currency to be as of
Exchange date delivered Oct. 31, 1993 received Oct. 31, 1993
____________________________________________________________________________________________________
<S> <C> <C> <C> <C>
Nov. 1, 1993 249,900 $ 189,096 188,903 $ 188,903
Canadian Dollar U.S. Dollar
Nov. 1, 1993 111,632 111,632 166,719 110,993
U.S. Dollar Australian Dollar
Nov. 3, 1993 202,555 202,555 303,408 201,994
U.S. Dollar Australian Dollar
Nov. 3, 1993 535,792 535,792 804,251 535,430
U.S. Dollar Australian Dollar
Nov. 5, 1993 581,605 581,605 871,318 580,080
U.S. Dollar Australian Dollar
Nov. 8, 1993 203,396 203,396 305,377 203,305
U.S. Dollar __________ Australian Dollar __________
$1,824,076 $1,820,705
</TABLE>
___________________________________________________________________
5. Options contract written
The number of contracts and premium amounts associated with call
option contracts written is as follows:
Year ended Oct. 31, 1993
________________________
Contracts Premium
_____________________________________________________
Balance Oct. 31, 1992 3,800 $675,007
Opened 200 24,519
Closed (1,975) (375,722)
Exercised (2,025) (323,804)
_____________________________________________________
Balance Oct. 31, 1993 -- $ --
_____________________________________________________
<PAGE>
PAGE 18
Notes to financial statements
IDS Stock Fund, Inc.
___________________________________________________________________
6. Lending of portfolio securities
At Oct. 31, 1993, securities valued at $36,118,463 were on loan to
brokers. For collateral, the fund received $33,826,300 in cash and
U.S. government securities valued at $3,389,578. Income from
securities lending amounted to $60,460 for the year ended Oct. 31,
1993. The risks to the fund of securities lending are that the
borrower may not provide additional collateral when required or
return the securities when due.
___________________________________________________________________
7. Financial highlights
"Financial highlights" showing per share data and selected
information is presented on page 5 of the prospectus.
<PAGE>
PAGE 19
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Common stocks (73.1%)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Aerospace & defense (1.2%)
Northrop 700,000 $ 24,325,000
_____________________________________________________________________________________________________________________________
Automotive & related (4.1%)
Dana 500,000 29,187,500
General Motors Cl H 800,000 31,300,000
Goodyear Tire & Rubber 550,000 24,612,500
_____________
Total 85,100,000
_____________________________________________________________________________________________________________________________
Banks and savings & loans (6.6%)
Banco de Santander ADR 475,000 (b,c) 24,640,625
Chase Manhattan 300,000 9,900,000
First Chicago 200,000 8,975,000
HSBC Holdings 2,000,000 (b) 23,162,000
Mellon Bank 450,000 (c) 24,243,750
NationsBank 450,000 20,981,250
Royal Bank of Canada 1,150,000 (b) 23,712,685
______________
Total 135,615,310
_____________________________________________________________________________________________________________________________
Beverages & tobacco (1.0%)
PepsiCo 250,000 9,875,000
UST 400,000 10,550,000
______________
Total 20,425,000
_____________________________________________________________________________________________________________________________
Building materials (2.4%)
Masco 775,000 24,509,375
Weyerhaeuser 650,000 25,756,250
______________
Total 50,265,625
_____________________________________________________________________________________________________________________________
Chemicals (1.0%)
Nalco Chemical 300,000 10,612,500
Witco 350,000 10,456,250
______________
Total 21,068,750
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 20
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Common stocks (continued)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Communications equipment (1.5%)
Cisco Systems 200,000 (d) $ 10,250,000
LIN Broadcasting 100,000 (d) 11,350,000
Vodafone Group ADR 100,000 (b) 8,587,500
______________
Total 30,187,500
_____________________________________________________________________________________________________________________________
Computers & office equipment (3.5%)
Banyan 400,000 (d) 8,100,000
Informix 400,000 (d) 7,600,000
Microsoft 125,000 (d) 10,015,625
Pitney Bowes 500,000 19,625,000
Xerox 325,000 25,756,250
______________
Total 71,096,875
_____________________________________________________________________________________________________________________________
Electronics (0.5%)
Intel 150,000 9,487,500
_____________________________________________________________________________________________________________________________
Energy (7.3%)
Atlantic Richfield 175,000 19,293,750
Enterprise Oil 3,500,000 (b) 25,109,000
Occidental Petroleum 1,100,000 20,350,000
Repsol ADR 900,000 (b) 26,662,500
Royal Dutch Petroleum 275,000 (b) 29,081,250
Texaco 425,000 28,953,125
______________
Total 149,449,625
_____________________________________________________________________________________________________________________________
Energy equipment & services (1.2%)
Schlumberger 375,000 (b) 23,765,625
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 21
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Common stocks (continued)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Financial services (3.6%)
Beneficial 300,000 $ 23,025,000
Block (H&R) 525,000 20,934,375
Bradley Real Estate Trust 400,000 3,700,000
Developers Diversified Realty 125,000 3,593,750
General Property Trust 1,320,600 (b) 2,329,538
Holly Residential Property 75,000 1,931,250
Kimco Realty 125,000 4,578,125
Kranzco Realty Trust 175,000 4,156,250
Merry Land & Investments 148,500 2,988,562
Sizeler Property 275,000 3,746,875
Southwestern Property Trust 250,000 3,593,750
______________
Total 74,577,475
_____________________________________________________________________________________________________________________________
Furniture & appliances (1.0%)
Maytag 1,350,000 21,093,750
_____________________________________________________________________________________________________________________________
Health care (1.1%)
Bristol-Myers Squibb 400,000 23,500,000
_____________________________________________________________________________________________________________________________
Health care services (0.6%)
Foundation Health 250,000 (d) 6,437,500
Humana 400,000 5,650,000
______________
Total 12,087,500
_____________________________________________________________________________________________________________________________
Industrial equipment & services (3.8%)
Caterpillar 300,000 27,450,000
General Signal 300,000 10,575,000
Giddings & Lewis 775,000 18,793,750
Ingersoll-Rand 600,000 21,900,000
______________
Total 78,718,750
_____________________________________________________________________________________________________________________________
Industrial transportation (2.3%)
CSX 300,000 24,300,000
Union Pacific 375,000 23,718,750
______________
Total 48,018,750
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 22
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Common stocks (continued)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Insurance (2.6%)
CIGNA 425,000 $ 28,528,125
Travelers 700,000 24,675,000
______________
Total 53,203,125
_____________________________________________________________________________________________________________________________
Media (2.8%)
Grupo Televisa ADR 475,000 (b,e) 26,065,625
McGraw-Hill 300,000 22,275,000
Reader's Digest Assn 238,700 9,935,888
______________
Total 58,276,513
_____________________________________________________________________________________________________________________________
Metals (2.1%)
Allegheny Ludlum 950,000 19,593,750
Cyprus Minerals 1,000,000 (c) 24,500,000
______________
Total 44,093,750
_____________________________________________________________________________________________________________________________
Multi-industry conglomerates (4.4%)
Eastman Kodak 450,000 28,350,000
General Electric 300,000 29,100,000
Hutchison Whampoa 6,000,000 (b) 22,590,000
ITT 125,000 11,640,625
______________
Total 91,680,625
_____________________________________________________________________________________________________________________________
Paper & packaging (5.1%)
Crown Cork & Seal 600,000 (d) 23,175,000
Kimberly-Clark 500,000 25,812,500
Kimberly-Clark de Mexico Cl A 2,250,000 (b) 34,866,000
Union Camp 475,000 20,425,000
______________
Total 104,278,500
_____________________________________________________________________________________________________________________________
Restaurants & lodging (0.3%)
Circus Circus Enterprises 200,000 (d) 7,175,000
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 23
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Common stocks (continued)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Retail (1.8%)
May Dept Stores 500,000 $ 22,125,000
Sears Roebuck 250,000 14,343,750
______________
Total 36,468,750
_____________________________________________________________________________________________________________________________
Textiles & apparel (1.0%)
Shaw Inds 450,000 20,362,500
_____________________________________________________________________________________________________________________________
Utilities - electric (0.9%)
Veba 65,000 (b) 18,183,685
_____________________________________________________________________________________________________________________________
Utilities - gas (4.1%)
Enron 625,000 21,171,875
Tenneco 400,000 20,400,000
TransCanada Pipeline 1,400,000 (b) 21,452,083
Westcoast Energy 1,300,000 (b) 20,643,001
______________
Total 83,666,959
_____________________________________________________________________________________________________________________________
Utilities - telephone (5.3%)
Bell Atlantic 250,000 15,906,250
British Telecom ADR 500,000 (b,c) 15,750,000
Hong Kong Telecom 13,000,000 (b) 28,080,000
McCaw Cellular Cl A 150,000 (d) 7,987,500
New Zealand Tel ADR 203,200 (b) 10,109,200
Pacific Telesis Group 575,000 31,553,125
______________
Total 109,386,075
_____________________________________________________________________________________________________________________________
Total common stocks
(Cost: $1,219,047,894) $1,505,558,517
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 24
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Preferred stocks (7.0%)
_____________________________________________________________________________________________________________________________
Issuer Shares Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Bethlehem Steel
$3.50 Cm Cv 190,000 (e) $ 10,022,500
Equitable
6% Cm Cv 275,000 (e) 17,806,250
First Chicago
2.875% Cm Cv 325,000 18,443,750
Ford Motor
4.20% Cv 225,000 23,568,750
General Motors
3.25% Cv 350,000 19,862,500
Sears Roebuck
3.75% Cv 350,000 20,081,250
Tenneco
2.80% Cm Cv 325,000 13,446,875
USX
3.25% Cm Cv 375,000 20,718,750
_____________________________________________________________________________________________________________________________
Total preferred stocks
(Cost: $122,818,537) $143,950,625
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 25
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Bonds (12.5%)
_____________________________________________________________________________________________________________________________
Principal
Issuer and coupon rate amount Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C>
Domestic (10.7%)
Automatic Data Processing
Zero Coupon Cv 2012
(5.24% annualized yield
on date of purchase) $45,000,000 (f) $ 18,675,000
Comcast
7% Cv 2001 10,000,000 20,950,000
Conner Peripherals
6.75% 2001 25,000,000 21,375,000
Container Corp Amer
13.50% Sr Sub Nt 1999 10,000,000 11,150,000
Costco Wholesale
5.75% Cv 2002 20,000,000 19,500,000
Kroger
6.375% 1999 15,000,000 18,600,000
8.25% Cv 2011 5,000,000 (e) 5,337,500
Medical Care Intl
6.75% 2006 20,000,000 (e) 18,250,000
NAC Re
5.25% Cv 2002 20,000,000 (e) 20,000,000
Rogers Communications
Zero Coupon Cv 2013
(5.49% annualized yield
on date of purchase) 15,000,000 (c,f) 6,000,000
Stone Container
6.75% Cv 2007 25,000,000 14,312,500
SynOptics Communications
5.25% Cv 2003 25,000,000 (e) 24,375,000
Unifi
6% Cv 2002 20,000,000 21,950,000
______________
Total 220,475,000
_____________________________________________________________________________________________________________________________
Foreign (1.8%)(b)
Banco Nacional de Mexico
7% Cv 1999 20,000,000 (e) 21,900,000
Henderson Land Group
4% Euro Cv 1996 15,000,000 (e) 15,150,000
______________
Total 37,050,000
_____________________________________________________________________________________________________________________________
Total bonds
(Cost: $252,959,693) $ 257,525,000
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 26
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Short-term securities (9.0%)
_____________________________________________________________________________________________________________________________
Annualized Amount
yield on payable
date of at
Issuer purchase maturity Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C> <C>
U.S. government agencies (0.3%)
Federal Home Loan
Mtge Corp Disc Note
11-09-93 3.04% $ 5,400,000 $ 5,395,455
Federal Natl Mtge
Assn Disc Note
11-01-93 3.05 300,000 299,949
______________
Total 5,695,404
_____________________________________________________________________________________________________________________________
Commercial paper (8.4%)
A.I. Credit
11-02-93 3.00 6,800,000 6,798,300
Aon
11-29-93 3.09 7,700,000 7,680,237
BBV Finance (Delaware)
12-09-93 3.09 5,000,000 4,982,889
Beneficial
12-02-93 3.09 8,000,000 7,977,413
Cargill
11-19-93 3.09 6,500,000 6,488,878
Ciesco LP
12-08-93 3.09 4,700,000 4,684,318
Commerzbank U.S. Finance
11-18-93 3.09 8,400,000 8,386,345
Consolidated Rail
11-15-93 3.12 6,100,000 (g) 6,091,595
11-16-93 3.11 7,000,000 (g) 6,989,753
Corporate Asset Funding
11-29-93 3.09 1,100,000 1,097,177
Dillard Investment
11-16-93 3.09 4,700,000 4,693,164
Dow Chemical
11-01-93 2.95 7,200,000 7,198,820
Goldman Sachs Group LP
11-02-93 3.07 10,000,000 9,997,442
11-24-93 3.10 7,100,000 7,084,765
K mart
11-10-93 3.11 6,400,000 6,393,938
Lincoln Natl
12-14-93 3.12 7,200,000 (g) 7,172,100
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 27
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc. (Percentages represent value of
Oct. 31, 1993 investments compared to net assets)
_____________________________________________________________________________________________________________________________
Short-term securities (continued)
_____________________________________________________________________________________________________________________________
Annualized Amount
yield on payable
date of at
Issuer purchase maturity Value(a)
_____________________________________________________________________________________________________________________________
<S> <C> <C> <C>
Commercial paper (cont'd)
Merrill Lynch
12-01-93 3.11% $ 5,700,000 $ 5,684,293
Morgan Stanley Group
11-19-93 3.14 6,800,000 6,786,486
Natl Australia Funding (Delaware)
11-22-93 3.09 5,300,000 5,289,571
Penney (JC) Funding
11-01-93 3.10 6,000,000 5,998,970
11-04-93 3.13 2,400,000 2,398,960
11-10-93 3.11 8,417,000 8,409,027
Pioneer Hi-Bred Intl
11-24-93 3.10 2,600,000 2,594,421
Reed Publishing (USA)
11-04-93 3.10 6,000,000 (g) 5,997,425
12-07-93 3.09 5,900,000 (g) 5,880,818
St. Paul Companies
11-03-93 3.11 1,800,000 (g) 1,799,380
11-09-93 3.13 3,600,000 (g) 3,596,880
Southwestern Bell Capital
11-08-93 3.11 4,400,000 (g) 4,396,590
Sysco
11-08-93 3.11 3,000,000 (g) 2,997,675
USAA Capital
11-04-93 3.11 900,000 899,612
Woolworth
11-02-93 3.12 7,000,000 6,998,186
______________
Total 173,445,428
_____________________________________________________________________________________________________________________________
Letter of credit (0.3%)
Mellon Bank-
Oxford Finance
11-08-93 3.17 5,000,000 4,995,328
_____________________________________________________________________________________________________________________________
Total short-term securities
(Cost: $184,138,622) $ 184,136,160
_____________________________________________________________________________________________________________________________
Total investments in securities
(Cost: $1,778,964,746)(h) $2,091,170,302
_____________________________________________________________________________________________________________________________
See accompanying notes to investments in securities.
</TABLE>
<PAGE>
PAGE 28
Investments in securities
<TABLE>
<CAPTION>
IDS Stock Fund, Inc.
Oct. 31, 1993
_____________________________________________________________________________________________________________________________
Notes to investments in securities
_____________________________________________________________________________________________________________________________
(a) Securities are valued by procedures described in Note 1 to the financial statements.
(b) Foreign security values and principal amounts are stated in U.S. dollars.
(c) Security is partially or fully on loan. See Note 6 to the financial statements.
(d) Presently non-income producing.
(e) Represents a security sold under Rule 144A which is exempt from registration under the Securities Act of 1933, as
amended. This security has been determined to be liquid under guidelines established by the board of directors.
(f) For zero coupon bonds, the interest rate disclosed represents the annualized effective yield on the date of acquisition.
(g) Commercial paper sold within terms of a private placement memorandum, exempt from registration under Section 4(2) of the
Securities Act of 1933, as amended, and may be sold only to dealers in that program or other "accredited investors."
This security has been determined to be liquid under the guidelines established by the board of directors.
(h) At Oct. 31, 1993, the cost of securities for federal income tax purposes was $1,779,010,208 and the aggregate gross
unrealized appreciation and depreciation based on that cost was:
<S> <C>
Unrealized appreciation $335,304,638
Unrealized depreciation (23,144,544)
___________________________________________________________________________________________
Net unrealized appreciation $312,160,094
___________________________________________________________________________________________
</TABLE>
<PAGE>
PAGE 29
IDS mutual funds
Cash equivalent investments
These money market funds have three main goals: conversation of
capital, constant liquidity and the highest possible current income
consistent with these objectives. Very limited risk.
IDS Cash Management Fund
Invests in such money market securities as high quality commercial
paper, bankers' acceptances, certificates of deposits (CDs) and
other bank securities.
(icon of) piggy bank
IDS Planned Investment Account
Invests in money market securities to provide maximum current
income consistent with liquidity and stability of principal of
principal, while serving as a base for systematic exchanges into
IDS fixed income and equity funds.
(icon of) stair steps
IDS Tax-Free Money Fund
Invests primarily in short-term bonds and notes issued by state and
local governments to seek high current income exempt from federal
income taxes.
(icon of) shield with piggy bank enclosed
Income investments
The funds in this group invest their assets primarily in corporate
bonds or government securities to seek interest income. Secondary
objective is capital growth. Risk varies by bond quality.
IDS Global Bond Fund
Invests primarily in debt securities of U.S. and foreign issuers to
achieve high total return through income and growth of capital.
(icon of) globe
IDS Extra Income Fund
Invests mainly in long-term, high-yielding corporate fixed-income
securities in the lower rated, higher risk bond categories to
provide high current income. Secondary objective is capital
growth.
(icon of) cornucopia
<PAGE>
PAGE 30
Bond Fund
Invests mainly in corporate bonds, at least 50% in the higher
rated, lower risk bond categories,or the equivalent, and in
government bonds.
(icon of) greek column
IDS Strategy Income Fund
Invests primarily in corporate and government bonds to seek high
current income while conserving capital. Also may seek capital
appreciation when consistent with its primary goals.
(icon of) chess piece
IDS Selective Fund, Inc.
Invests in high quality corporate bonds and other highly-rated debt
instruments including government securities and short-term
investments. Seeks current income and preservation of capital.
(icon of) skyline
IDS Federal Income Fund, Inc.
Invests primarily in securities issued or guaranteed as to
principal and interest by the U.S. government, its agencies and
instrumentalities. Seeks a high level of current income and safety
of principal consistent with its type of investments.
(icon of) federal building
IDS Strategy, Short-Term Income Fund
Invests primarily in short-term and intermediate-term bonds and
notes to seek a high level of current income.
(icon of) chess piece
Tax-exempt income investments
These funds provide tax-free income by investing in municipal
bonds. The income is generally free from federal income tax. Risk
varies by bond quality.
IDS High Yield Tax-Exempt Fund, Inc.
Invests primarily in medium- and lower-quality municipal bonds and
notes.
(icon of) shield with basket of apples enclosed
<PAGE>
PAGE 31
IDS State Tax-Exempt Funds
(California, Massachusetts, Michigan, Minnesota, New York, Ohio)
Invests primarily in high- and medium-grade municipal securities to
provide income to residents of each respective state that is exempt
from federal, state and local income taxes. (New York is the only
state that is exempt at the local level.)
(icon of) shield with U.S. enclosed
IDS Tax-Exempt Bond Fund, Inc.
Invests mainly in bonds and notes of state or local government
units, with at least 75 percent in the four highest rated, lowest
risk bond categories.
(icon of) shield with Greek column
IDS Insured Tax-Exempt Fund
Invests primarily in municipal securities that are insured as to
the timely payment of principal and interest. The insurance
feature minimizes credit risk of the Fund but does not guarantee
the market value of the Fund's shares.
(icon of) shield with eagle head
Growth and income investments
These funds focus on securities of medium to large, well-
established companies that offer long-term growth of capital and
reasonable income from dividends and interest. Moderate risk.
IDS International Fund, Inc.
Invests primarily in common stocks of foreign companies that offer
potential for superior growth. The Fund may invest up to 20
percent of its assets in the U.S. market.
(icon of) three flags
IDS Strategy, Worldwide Growth Fund
Invests primarily in common stocks of companies throughout the
world that offer potential for superior growth. Holding may range
from small- to large-capitalization stocks, including those of
companies involve in areas of rapid economic growth.
(icon of) chess piece
IDS Managed Retirement Fund, Inc.
Invests in a combination of common stocks, fixed income investments
and money market securities to seek a maximum total return through
a combination of growth of capital and current income.
(icon of) bird in a nest
<PAGE>
PAGE 32
IDS Equity Plus Fund, Inc.
Invests primarily in a combination of moderate growth stocks,
higher-yielding equities and bonds. Seeks growth of capital and
income.
(icon of) three apple trees
IDS Blue Chip Advantage Fund
Invests in selected stocks from a major market index. Securities
purchased are those recommended by IDS research analysts as the
best from each industry represented on the index. Offers potential
for long-term growth as well as dividend income.
(icon of) ribbon
IDS Stock Fund, Inc.
Invests primarily in common stocks of blue chip U.S. companies
representing almost every major sector of the economy. Seeks
current income and growth of capital.
(icon of) building with columns
IDS Strategy, Equity Fund
Invests primarily in undervalued common stocks that offer potential
for growth of capital and income.
(icon of) chess piece
IDS Utilities Income Fund, Inc.
Invests primarily in the stocks of public utility companies to
provide high current income and growth of income and capital with
reduced volatility.
(icon of) electrical cord
IDS Diversified Equity Income Fund
Invests primarily in high-yielding common stocks to provide high
current income and, secondarily to benefit from the growth
potential offered by stock investments.
(icon of) four puzzle pieces
IDS Mutual
Invests in a balance between common stocks and senior securities
(preferred stocks and bonds). Seeks a balance of growth of capital
and current income.
(icon of) scale of justice
<PAGE>
PAGE 33
Growth funds
Funds in this group seek capital growth, primarily from common
stocks. They are high risk mutual funds with a potential for high
reward.
IDS Discovery Fund, Inc.
Invests in small and medium-sized, growth-oriented companies
emphasizing technological innovation and productivity enhancement.
Buys and holds larger growth-oriented stocks.
(icon of) ship
IDS Growth Fund, Inc.
Invests primarily in companies that have above-average potential
for long-term growth as a result of new management, marketing
opportunities or technological superiority.
(icon of) flower
IDS Strategy, Aggressive Equity Fund
Invests primarily in common stocks of companies that are selected
for their potential for above-average growth. Above-average means
that their growth potential is better, in the opinion of the
Portfolio's investment manager, than the Standard & Poor's
Corporation (S&P) 500 Stock Index.
(icon of) chess piece
IDS New Dimensions Fund, Inc.
Invests primarily in domestic companies with significant growth
potential due to superiority in technology, marketing or
management. The Fund frequently changes its industry mix.
(icon of) dimension
IDS Progressive Fund, Inc.
Invests primarily in undervalued common stocks. The Fund holds
stocks for the long-term with the goal of capital growth.
(icon of) shooting star
IDS Global Growth Fund
Invests in stocks of companies throughout the world that are
positioned to meet market needs in a changing world economy. These
companies offer above-average potential for long-term growth.
(icon of) world
Specialty growth investment
This fund aggressively seeks capital growth as a hedge against
inflation.<PAGE>
PAGE 34
IDS Precious Metals Fund, Inc.
Invests primarily in the securities of foreign or domestic
companies that explore for, mine and process or distribute gold and
other precious metals. This is the most aggressive and most
speculative IDS mutual fund.
(icon of) cart of precious gems
For more complete information about any of these funds, including
charges and expenses, you can obtain a prospectus by contacting
your IDS personal financial planner or writing to IDS Shareholder
Service, P.O. Box 534, Minneapolis, MN 55440. Read it carefully
before you invest or send money.
<PAGE>
PAGE 35
Federal income tax information
IDS Stock Fund, Inc.
___________________________________________________________________
The fund is required by the Internal Revenue Code of 1986 to tell
its shareholders about the tax treatment of the dividends it pays
during its fiscal year. Some of the dividends listed below were
reported to you on a Form 1099-DIV, Dividends and Distributions,
last January. Dividends paid to you since the end of last year
will be reported to you on a tax statement sent next January.
Shareholders should consult a tax adviser on how to report
distributions for state and local purposes.
IDS Stock Fund, Inc.
Fiscal year ended Oct. 31, 1993
Income distributions taxable as dividend income, 40.85% qualifying
for deduction by corporations.
Payable date Per share
Dec. 29, 1992 $0.3320
March 29, 1993 0.1250
June 28, 1993 0.1350
Sept. 27, 1993 0.1250
Total $0.7170
Capital gain distribution taxable as long-term capital gain.
Payable date Per share
Dec. 29, 1992 $1.5743
Total distributions $2.2913
The distribution of $1.9063 per share, payable Dec. 29, 1992,
consisted of $0.1475 derived from net investment income, $0.1845
from net short-term capital gains (a total of $0.3320 taxable as
dividend income) and $1.5743 from net long-term capital gains.
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PAGE 36
Quick telephone reference
IDS Telephone Transaction Service
Redemptions and exchanges, dividend payments or reinvestments and
automatic payment arrangements
National/Minnesota: 800-437-3133
Mpls./St. Paul area: 671-3800
IDS Shareholder Service
Fund performance, objectives and account inquiries
612-671-3733
TTY Service
For the hearing impaired
800-846-4852
IDS Infoline
Automated account information (TouchToneR phones only), including
current fund prices and performance, account values and recent
account transactions
National/Minnesota: 800-272-4445
Mpls./St. Paul area: 671-1630
Your IDS financial planner:
IDS Stock Fund
IDS Tower 10
Minneapolis, MN 55440-0010
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PAGE 37
STATEMENT OF DIFFERENCES
Difference Description
1) The layout is different 1) Some of the layout in the
throughout the annual report. annual report to
shareholders is in two
columns.
2) Headings. 2) The headings in the
annual report and
prospectus are placed
in blue strip at the top
of the page.
3) There are pictures, icons 3) Each picture, icon and
and graphs throughout the graph is described in
annual report and prospectus. parentheses.
4) Footnotes for charts and 4) The footnotes for each
graphs are described at chart or graph are typed
the left margin. below the description of
the chart or graph.
