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<PAGE> PAGE 2
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<PAGE> PAGE 3
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<PAGE> PAGE 4
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<PAGE> PAGE 10
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SIGNATURE LESLIE L. OGG
TITLE GENERAL COUNSEL
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 1
<NAME> AXP EQUITY SELECT FUND CLASS A
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> 933534549
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<SHARES-COMMON-PRIOR> 71527630
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<NET-INVESTMENT-INCOME> (1312971)
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<NET-CHANGE-FROM-OPS> 174246686
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 818451
<DISTRIBUTIONS-OF-GAINS> 107848773
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24490599
<NUMBER-OF-SHARES-REDEEMED> 25876440
<SHARES-REINVESTED> 7325335
<NET-CHANGE-IN-ASSETS> 162289055
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<PER-SHARE-DISTRIBUTIONS> 1.51
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<EXPENSE-RATIO> .86
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 2
<NAME> AXP EQUITY SELECT FUND CLASS B
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> NOV-30-1999
<PERIOD-END> MAY-31-1999
<INVESTMENTS-AT-COST> 933534549
<INVESTMENTS-AT-VALUE> 1335126192
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<OTHER-ITEMS-ASSETS> 0
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<NET-INVESTMENT-INCOME> (1312971)
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<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 2958
<DISTRIBUTIONS-OF-GAINS> 8474927
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 1755543
<NUMBER-OF-SHARES-REDEEMED> 618564
<SHARES-REINVESTED> 623180
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<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP EQUITY SELECT FUND CLASS Y
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> MAY-31-1999
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<TABLE>
<CAPTION>
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS Equity Select Fund, Inc.
6/30/1999 - ADJOURNED MEETING
% of Outstanding % of Shares
No. of Shares Shares Voted
1. Election of Board members.
H. Brewster Atwater, Jr.
<S> <C> <C> <C>
Affirmative 48,385,179.009 57.127% 98.363%
Withhold 805,131.838 0.951% 1.637%
TOTAL 49,190,310.847 58.078% 100.000%
Arne H. Carlson
Affirmative 48,307,549.768 57.035% 98.205%
Withhold 882,761.079 1.043% 1.795%
TOTAL 49,190,310.847 58.078% 100.000%
Lynne V. Cheney
Affirmative 48,361,442.117 57.099% 98.315%
Withhold 828,868.730 0.979% 1.685%
TOTAL 49,190,310.847 58.078% 100.000%
William H. Dudley
Affirmative 48,399,421.189 57.144% 98.392%
Withhold 790,889.658 0.934% 1.608%
TOTAL 49,190,310.847 58.078% 100.000%
David R. Hubers
Affirmative 48,408,268.751 57.154% 98.410%
Withhold 782,042.096 0.924% 1.590%
TOTAL 49,190,310.847 58.078% 100.000%
Heinz F. Hutter
Affirmative 48,364,261.614 57.102% 98.321%
Withhold 826,049.233 0.976% 1.679%
TOTAL 49,190,310.847 58.078% 100.000%
Anne P. Jones
Affirmative 48,345,137.228 57.080% 98.282%
Withhold 845,173.619 0.998% 1.718%
TOTAL 49,190,310.847 58.078% 100.000%
William R. Pearce
Affirmative 48,334,079.368 57.067% 98.259%
Withhold 856,231.479 1.011% 1.741%
TOTAL 49,190,310.847 58.078% 100.000%
Alan K. Simpson
Affirmative 48,345,303.642 57.080% 98.282%
Withhold 845,007.205 0.998% 1.718%
TOTAL 49,190,310.847 58.078% 100.000%
John R. Thomas
Affirmative 48,407,834.123 57.154% 98.409%
Withhold 782,476.724 0.924% 1.591%
TOTAL 49,190,310.847 58.078% 100.000%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS Equity Select Fund, Inc.
6/30/1999 - ADJOURNED MEETING
% of Outstanding % of Shares
No. of Shares Shares Voted
C. Angus Wurtele
Affirmative 48,368,303.220 57.107% 98.329%
Withhold 822,007.627 0.971% 1.671%
TOTAL 49,190,310.847 58.078% 100.000%
2. Ratify the selection of independent auditors
Affirmative 47,929,128.049 56.589% 97.436%
Against 426,858.846 0.504% 0.868%
Abstain 834,323.952 0.985% 1.696%
TOTAL 49,190,310.847 58.078% 100.000%
3. Change the Fund name from "IDS" to "AXP"
Affirmative 43,429,800.566 51.276% 88.289%
Against 4,587,868.887 5.417% 9.327%
Abstain 1,172,641.394 1.385% 2.384%
TOTAL 49,190,310.847 58.078% 100.000%
5. Approve changes to the Investment Management Services Agreement
Affirmative 42,792,811.034 50.524% 87.522%
Against 4,201,140.911 4.960% 8.593%
Abstain 1,899,742.902 2.243% 3.885%
TOTAL 48,893,694.847 57.727% 100.000%
Not Voting 296,616.000
6. Changes to investment policies
6.1 Prohibited conflict of interest
Affirmative 44,507,712.426 52.549% 91.030%
Against 2,452,170.284 2.895% 5.015%
Abstain 1,933,812.137 2.283% 3.955%
TOTAL 48,893,694.847 57.727% 100.000%
Not Voting 296,616.000
6.3 Transactions with Affiliates
Affirmative 44,568,142.729 52.620% 91.153%
Against 2,378,483.890 2.809% 4.865%
Abstain 1,947,068.228 2.298% 3.982%
TOTAL 48,893,694.847 57.727% 100.000%
Not Voting 296,616.000
8. Change the investment objective
Affirmative 43,004,970.615 50.775% 87.956%
Against 3,606,412.922 4.258% 7.376%
Abstain 2,282,311.310 2.694% 4.668%
TOTAL 48,893,694.847 57.727% 100.000%
Not Voting 296,616.000
FUND TOTALS Shares
Record Total 84,697,458.508
Voted Shares 49,190,310.847
Percent Voted 58.078%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS Equity Select Fund, Inc. Class B
6/30/1999 - ADJOURNED MEETING
% of Outstanding % of Shares
No. of Shares Shares Voted
4. Approve a new shareholder service and distribution plan.
Affirmative 3,207,510.028 46.380% 88.570%
Against 295,928.957 4.279% 8.172%
Abstain 117,992.146 1.706% 3.258%
TOTAL 3,621,431.131 52.365% 100.000%
FUND TOTALS Shares
Record Total 6,915,734.227
Voted Shares 3,621,431.131
Percent Voted 52.365%
SHAREHOLDER RESPONSE SUMMARY REPORT
IDS FUNDS
IDS Equity Select Fund, Inc. Class A & B
6/30/1999 - ADJOURNED MEETING
% of Outstanding % of Shares
No. of Shares Shares Voted
4. Approve a new shareholder service and distribution plan.
Affirmative 42,635,184.182 50.395% 87.357%
Against 4,264,360.325 5.040% 8.737%
Abstain 1,906,389.531 2.253% 3.906%
TOTAL 48,805,934.038 57.688% 100.000%
Not Voting 296,616.000
FUND TOTALS Shares
Record Total 84,602,563.744
Voted Shares 49,102,550.038
Percent Voted 58.039%
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