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May 17, 1995
Securities And Exchange Commission
Attention: Document Control - EDGAR
450 Fifth Street, N.W.
Washington, D.C. 20549-1004
Re: Rule 24f-2 Notice for
IDS Strategy Fund, Inc.
SEC File No. 2-89288/811-3956
Commissioners:
[i] In accordance with the provisions of Rule
24f-2, IDS Strategy Fund, Inc. hereby files
its Rule 24f-2 Notice for the fiscal year ended
March 31, 1996 ("Fiscal Year").
[ii] Amount of securities registered other than
under 24f-2 which were unsold at the beginning
of the fiscal year.* $5,416,487,896
[iii] Amount of securities registered during the fiscal
year other than under 24f-2.** 0
[iv] Amount of securities sold during the fiscal
year.*** $119,191,890
[v] Amount of securities sold pursuant to 24f-2 $0
[vi] Fee $0 / 2900 $0.00
Enclosed please find an opinion of counsel.
If there are any questions, please contact the undersigned.
Very truly yours,
IDS STRATEGY FUND, INC.
Leslie L. Ogg
Vice President, General Counsel & Secretary
LLO/dhg
Enclosures
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Securities and Exchange Commission
May 17, 1995
<TABLE>
<CAPTION>
Strategy Aggressive Equity Value
Fund Fund
<S> <C> <C>
* Shares registered in prior years 100,881,176 269,819,242
Share price on May 15, 1996 21.73 11.95
Value of shares 2,192,147,954 3,224,339,942
** Shares registered in current years 0 0
Share price on May 15, 1996 21.73 11.95
Value of shares 0 0
*** Aggregate Sales 541,690,116 534,156,694
Aggregate Redemptions 474,065,951 482,588,969
Securities Sold during Fiscal Year 67,624,165 51,567,725
Fee $0.00 $0.00
</TABLE>
EXHIBIT INDEX
OPINION OF COUNSEL
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PAGE 1
May 17, 1996
IDS Strategy Fund, Inc.
IDS Tower 10
Minneapolis, MN 55440-0010
Gentlemen:
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 March 31, 1996, 203,177,504 shares were
issued and outstanding;
(b) That all 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 registered on April 19, 1984, an indefinite
number of shares pursuant to Rule 24f-2 and is herewith
filing a Rule 24f-2 Notice covering the shares sold during
its Fiscal Period ended March 31, 1996; and
(d) That shares which were sold at not less that their par value
and in accordance with applicable federal and state
securities laws were legally issued, fully paid and
nonassessable.
I hereby consent that the foregoing opinion may be used in
connection with the Rule 24f-2 Notice.
Very truly yours,
Leslie L. Ogg
Attorney at Law
901 S. Marquette Ave., Suite 2810
Minneapolis, Minnesota 55402-3268
LLO/dhg
