IDS STRATEGY FUND INC
NSAR-B, 1996-05-29
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<PAGE>      PAGE  1
000 B000000 03/31/96
000 C000000 0000740146
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0
000 J000000 U
001 A000000 IDS STRATEGY FUND, INC.
001 B000000 811-3956
001 C000000 6126712772
002 A000000 IDS TOWER 10
002 B000000 MINNEAPOLIS
002 C000000 MN
002 D010000 55440
002 D020000 0010
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 Y
007 B000000  8
008 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
008 B00AA01 A
008 C00AA01 801-14721
008 D01AA01 MINNEAPOLIS
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
014 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
014 B00AA01 8-31250
014 A00AA02 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
014 B00AA02 8-16791
014 A00AA03 IDS LIFE INSURANCE COMPANY
014 B00AA03 8-14124
014 A00AA04 IDS SECURITIES CORPORATION
014 B00AA04 8-12550
014 A00AA05 AMERICAN EXPRESS SERVICE CORPORATION
014 B00AA05 8-27456
014 A00AA06 AMERICAN ENTERPRISE INVESTMENT SERVICES INC.
014 B00AA06 8-42582
014 A00AA07 DELETE
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
015 A00AA02 MORGAN STANLEY TRUST COMPANY
<PAGE>      PAGE  2
015 B00AA02 S
015 C01AA02 BROOKLYN
015 C02AA02 NY
015 C03AA02 11201
015 C04AA02 2775
015 E04AA02 X
020 A000001 PRUDENTIAL SECURITIES INC.
020 B000001 22-2347336
020 C000001    214
020 A000002 CS FIRST BOSTON GROUP
020 B000002 13-5659485
020 C000002    207
020 A000003 MERRILL LYNCH & CO., INC.
020 B000003 13-5674085
020 C000003    202
020 A000004 LEHMAN BROTHERS INC.
020 B000004 13-2518466
020 C000004    163
020 A000005 DONALDSON LUFKIN JENRETTE SEC. CORP.
020 B000005 13-2741729
020 C000005    148
020 A000006 MORGAN STANLEY & CO., INC.
020 B000006 13-2655998
020 C000006    145
020 A000007 PAINE WEBBER INC.
020 B000007 13-2638166
020 C000007    129
020 A000008 GOLDMAN SACHS & CO.
020 B000008 13-5108880
020 C000008    126
020 A000009 NATWEST SECURITIES INC.
020 B000009 13-3312778
020 C000009    126
020 A000010 OPPENHEIMER & CO., INC.
020 B000010 13-2798343
020 C000010    120
021  000000     3770
022 A000001 GOLDMAN SACHS & CO., INC.
022 B000001 13-5108880
022 C000001    825333
022 D000001     84479
022 A000002 MERRILL LYNCH & CO., INC.
022 B000002 13-5674085
022 C000002    575519
022 D000002    137791
022 A000003 LEHMAN COMMERCIAL PAPER INC.
022 B000003 13-2501865
022 C000003    587300
022 D000003     68499
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
<PAGE>      PAGE  3
022 C000004    268075
022 D000004    104237
022 A000005 J.P. MORGAN SECURITIES INC.
022 B000005 13-3224016
022 C000005    209910
022 D000005     18762
022 A000006 FIRST CHICAGO CAPITAL MKTS.
022 B000006 36-3595942
022 C000006    131076
022 D000006      4795
022 A000007 WHEAT FIRST SECURITY
022 B000007 54-0796506
022 C000007    117404
022 D000007      5294
022 A000008 NATIONSBANK
022 B000008 75-0520130
022 C000008     93717
022 D000008     23767
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022 B000009 94-1687655
022 C000009     66929
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022 A000010 BANKERS TRUST
022 B000010 13-4941247
022 C000010     84124
022 D000010      7883
023 C000000    3359861
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077 A000000 Y
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077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
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078  000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00     2500
081 A00AA00 N
<PAGE>      PAGE  4
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<PAGE>      PAGE  7
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 6
   <NAME> EQUITY VALUE FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 7
   <NAME> EQUITY VALUE FUND CLASS B
       
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<PERIOD-END>                               MAR-31-1996
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> EQUITY VALUE FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
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<EXPENSE-RATIO>                                    .75
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> STRATEGY AGGRESSIVE FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
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<PERIOD-END>                               MAR-31-1996
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<NUMBER-OF-SHARES-REDEEMED>                  (2702011)
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> STRATEGY AGGRESSIVE FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                        745833812
<INVESTMENTS-AT-VALUE>                      1061036118
<RECEIVABLES>                                  8167366
<ASSETS-OTHER>                                 2731606
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<TOTAL-ASSETS>                              1071935090
<PAYABLE-FOR-SECURITIES>                      12182917
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                       968903
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<SENIOR-EQUITY>                                      0
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<SHARES-COMMON-STOCK>                         37722630
<SHARES-COMMON-PRIOR>                         52087417
<ACCUMULATED-NII-CURRENT>                            0
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<ACCUMULATED-NET-GAINS>                       48894219
<OVERDISTRIBUTION-GAINS>                             0
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<NET-ASSETS>                                1058783270
<DIVIDEND-INCOME>                              3757241
<INTEREST-INCOME>                              6143797
<OTHER-INCOME>                                       0
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<NET-INVESTMENT-INCOME>                      (6657264)
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<APPREC-INCREASE-CURRENT>                    170135689
<NET-CHANGE-FROM-OPS>                        265173841
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<DISTRIBUTIONS-OF-GAINS>                    (55138913)
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<NUMBER-OF-SHARES-REDEEMED>                  (8067106)
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<ACCUMULATED-NII-PRIOR>                      (2825273)
<ACCUMULATED-GAINS-PRIOR>                      4230074
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<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 11
   <NAME> STRATEGY AGGRESSIVE FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   YEAR
<FISCAL-YEAR-END>                          MAR-31-1996
<PERIOD-END>                               MAR-31-1996
<INVESTMENTS-AT-COST>                        745833812
<INVESTMENTS-AT-VALUE>                      1061036118
<RECEIVABLES>                                  8167366
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<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     694688955
<SHARES-COMMON-STOCK>                               73
<SHARES-COMMON-PRIOR>                                1
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       48894219
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     315200095
<NET-ASSETS>                                1058783270
<DIVIDEND-INCOME>                              3757241
<INTEREST-INCOME>                              6143797
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (16558302)
<NET-INVESTMENT-INCOME>                      (6657264)
<REALIZED-GAINS-CURRENT>                     101695416
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<NET-CHANGE-FROM-OPS>                        265173841
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          (76)
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                             68
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  4
<NET-CHANGE-IN-ASSETS>                       265173841
<ACCUMULATED-NII-PRIOR>                      (2825273)
<ACCUMULATED-GAINS-PRIOR>                      4230074
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<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                6657264
<AVERAGE-NET-ASSETS>                              1633
<PER-SHARE-NAV-BEGIN>                            14.89
<PER-SHARE-NII>                                  (.03)
<PER-SHARE-GAIN-APPREC>                           5.34
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<PER-SHARE-DISTRIBUTIONS>                       (1.10)
<RETURNS-OF-CAPITAL>                                 0
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<EXPENSE-RATIO>                                    .92
<AVG-DEBT-OUTSTANDING>                               0
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</TABLE>


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