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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form N-1A
REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933
Pre-Effective Amendment No.
Post-Effective Amendment No. 83 (File Number 2-13188)
and/or
REGISTRATIONS STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940 X
Amendment No. 39 (File Number 811-772)
IDS EQUITY SELECT FUND, INC.
IDS Tower 10, Minneapolis, Minnesota 55440
(612) 671-3714
Leslie L. Ogg, IDS Tower 10, Minneapolis, Minnesota 55440-0010
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) of rule 485
60 days after filing pursuant to paragraph (a)
on (date) pursuant to paragraph (a) of rule 485
<TABLE><CAPTION>
IDS Equity Select Fund,Inc.
===============================================================================
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 1,325,134 $11.83 $15,676,337 $100
===============================================================================
</TABLE>
* 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 November 30, 1995
will be filed on Jan. 23, 1996.
1. Computed under Rule 457(d) on the basis of the offering price
per share at the close of business on January 17, 1996.<PAGE>
PAGE 2
2. Registrant elects to calculate the maximum aggregate offering
price pursuant to Rule 24e-2. $79,009,871 of shares were redeemed
during the fiscal year ended November 30, 1995. $63,333,534 of
shares was used for reductions pursuant to Paragraph (c) of Rule
24f-2 during the current year. $15,676,337 of shares is the amount
of redeemed shares used for reduction in this amendment.
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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 Equity Select
Fund, Inc., 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 1933 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 23rd day
of January, 1996.
IDS EQUITY SELECT FUND, INC.
By
Melinda S. Urion, Treasurer
By /s/ William R. Pearce**
William R. Pearce, President
Pursuant to the requirements of the Securities Act of 1933, this
Amendment to its Registration Statement has been signed below by
the following persons in the capacities indicated on the 23rd day
of January, 1996.
Signature Capacity
/s/ William R. Pearce** President and Principal
William R. Pearce Executive Officer and
Director
/s/ Lynne V. Cheney* Director
Lynne V. Cheney
/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*
Heinz F. Hutter Director<PAGE>
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Signature Capacity
/s/ Anne P. Jones* Director
Anne P. Jones
/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* Director
C. Angus Wurtele
*Signed pursuant to Directors' Power of Attorney dated November 10,
1994, filed electronically as Exhibit 18(a) to Registrant's Post-
Effective Amendment No. 80, by:
Leslie L. Ogg
**Signed pursuant to Officers' Power of Attorney dated June 1,
1993, filed electronically as Exhibit 17(b) to Registrant's Post-
Effective Amendment No. 77 by:
Leslie L. Ogg
EXHIBIT INDEX
(B)(10) OPINION OF COUNSEL
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January 23, 1996
IDS Equity Select Fund, Inc.
IDS Tower 10
Minneapolis, MN 55440
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 November 30, 1995, 55,125,723 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
1,325,134 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
IDS Tower 10
Minneapolis, MN 55440
LLO/TM/rjf
