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<PAGE> PAGE 2
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SIGNATURE LESLIE L. OGG
TITLE GENERAL COUNSEL
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<NAME> IDS EQUITY SELECT FUND CLASS A
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</TABLE>
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<NAME> IDS EQUITY SELECT FUND CLASS B
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</TABLE>
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<NAME> IDS EQUITY SELECT FUND CLASS Y
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> (8283)
<DISTRIBUTIONS-OF-GAINS> (423403)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17921
<NUMBER-OF-SHARES-REDEEMED> (253855)
<SHARES-REINVESTED> 34316
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</TABLE>
Independent Auditors' Report on Internal Accounting
Control
The Board of Directors and Shareholders
IDS Equity Select Fund, Inc.:
In planning and performing our audit of the financial
statements of IDS Equity Select Fund, Inc. for the year
ended November 30, 1997, we considered its internal
control, including control activities for safeguarding
securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on
the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on
the internal control.
The management of IDS Equity Select Fund, Inc. is
responsible for establishing and maintaining of
internal control. In fulfilling this responsibility,
estimates and judgments by management are required to
assess the expected benefits and related costs of
controls. Generally, controls that are relevant to an
audit pertain to the entityOs objective of preparing
financial statements for external purposes that are
fairly presented in conformity with generally accepted
accounting principles. Those controls include the
safeguarding of assets against unauthorized
acquisition, use or disposition.
Because of inherent limitations in internal control,
errors or irregularities may occur and not be detected.
Also, projection of any evaluation of internal control
to future periods is subject to the risk that it may
become inadequate because of changes in conditions or
that the effectiveness of the design and operation may
deteriorate.
Our consideration of the internal control would not
necessarily disclose all matters in the internal
control that might be material weaknesses under
standards established by the American Institute of
Certified Public Accountants. A material weakness is a
condition in which the design or operation of one or
more of the internal control components does not reduce
to a relatively low level the risk that errors or
irregularities in amounts that would be material in
relation to the financial statements being audited may
occur and not be detected within a timely period by
employees in the normal course of performing their
assigned functions. However, we noted no matters
involving the internal control and its operation,
including controls for safeguarding securities, that we
consider to be a material weakness as defined above.
This report is intended solely for the information and
use of management, the Board of Directors of IDS Equity
Select Fund, Inc., and the Securities and Exchange
Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
January 2, 1998
