IDS STRATEGY FUND INC
NSAR-A, 1996-11-27
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<PAGE>      PAGE  1
000 A000000 09/30/96
000 C000000 0000740146
000 D000000 N
000 E000000 F
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
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
007 C010100  1
007 C010200  2
007 C010300  3
007 C020300 IDS EQUITY VALUE FUND
007 C030300 N
007 C010400  4
007 C020400 IDS STRATEGY AGGRESSIVE FUND
007 C030400 N
007 C010500  5
007 C010600  6
007 C020600 IDS EQUITY VALUE FUND CLASS A
007 C030600 N
007 C010700  7
007 C020700 IDS EQUITY VALUE FUND CLASS B
007 C030700 N
007 C010800  8
007 C020800 IDS EQUITY VALUE FUND CLASS Y
007 C030800 N
007 C010900  9
007 C020900 IDS STRATEGY AGGRESSIVE FUND CLASS A
007 C030900 N
007 C011000 10
007 C021000 IDS STRATEGY AGGRESSIVE FUND CLASS B
007 C031000 N
007 C011100 11
007 C021100 IDS STRATEGY AGGRESSIVE FUND CLASS Y
007 C031100 N
007 C011200 12
<PAGE>      PAGE  2
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
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
015 B00AA02 S
015 C01AA02 BROOKLYN
015 C02AA02 NY
015 C03AA02 11201
015 C04AA02 2775
015 E04AA02 X
018  00AA00 Y
019 A00AA00 Y
019 B00AA00   43
019 C00AA00 IDSMUTFDGR
020 A000001 SALOMON BROTHERS INC.
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020 A000002 MORGAN STANLEY & CO., INC.
020 B000002 13-2655998
<PAGE>      PAGE  3
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020 A000003 LYNCH, JONES, & RYAN, INC.
020 B000003 13-3356934
020 C000003     93
020 A000004 BARCLAYS DE ZOETE WEDD SEC. INC.
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020 C000004     77
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020 B000007 13-3340045
020 C000007     65
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020 C000008     61
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020 C000009     51
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020 C000010     51
021  000000     1958
022 A000001 GOLDMAN SACHS & CO.
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022 B000002 13-5674085
022 C000002    349679
022 D000002    103557
022 A000003 LEHMAN COMMERCIAL PAPER INC.
022 B000003 13-2501865
022 C000003    366624
022 D000003     42025
022 A000004 MORGAN STANLEY & CO., INC.
022 B000004 13-2655998
022 C000004     96872
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022 A000005 J.P. MORGAN SECURITIES INC.
022 B000005 13-3224016
022 C000005     49824
022 D000005     17603
022 A000006 FIRST CHICAGO CAPITAL MKTS.
022 B000006 36-3595942
022 C000006     62225
022 D000006      8689
022 A000007 CS FIRST BOSTON GROUP
<PAGE>      PAGE  4
022 B000007 13-5659485
022 C000007     42181
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022 A000008 SMITH BARNEY INC.
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022 A000010 NATIONSBANK
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<PAGE>      PAGE  7
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<PAGE>      PAGE  8
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025 C000401 E
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<PAGE>      PAGE  9
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025 C000405 D
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 


<TABLE> <S> <C>

<ARTICLE> 6
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   <NUMBER> 6
   <NAME> IDS EQUITY VALUE FUND CLASS A
       
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</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
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<TOTAL-ASSETS>                              1748473410
<PAYABLE-FOR-SECURITIES>                       4485846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24556045
<TOTAL-LIABILITIES>                           29041891
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1316142599
<SHARES-COMMON-STOCK>                        118280008
<SHARES-COMMON-PRIOR>                        117121212
<ACCUMULATED-NII-CURRENT>                    (1647491)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      148592748
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     256343663
<NET-ASSETS>                                1362581126
<DIVIDEND-INCOME>                             26443518
<INTEREST-INCOME>                              3355858
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (12603433)
<NET-INVESTMENT-INCOME>                       17195943
<REALIZED-GAINS-CURRENT>                      54776610
<APPREC-INCREASE-CURRENT>                     16351890
<NET-CHANGE-FROM-OPS>                         88324443
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                   (15779067)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        6591513
<NUMBER-OF-SHARES-REDEEMED>                  (6808143)
<SHARES-REINVESTED>                            1375426
<NET-CHANGE-IN-ASSETS>                        91687329
<ACCUMULATED-NII-PRIOR>                       25287534
<ACCUMULATED-GAINS-PRIOR>                    140762006
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4211357
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               12603433
<AVERAGE-NET-ASSETS>                        1317568574
<PER-SHARE-NAV-BEGIN>                            11.07
<PER-SHARE-NII>                                    .11
<PER-SHARE-GAIN-APPREC>                            .47
<PER-SHARE-DIVIDEND>                             (.13)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.52
<EXPENSE-RATIO>                                   1.66
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 8
   <NAME> IDS EQUITY VALUE FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                       1462236088
<INVESTMENTS-AT-VALUE>                      1718096959
<RECEIVABLES>                                  6090103
<ASSETS-OTHER>                                24286348
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1748473410
<PAYABLE-FOR-SECURITIES>                       4485846
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                     24556045
<TOTAL-LIABILITIES>                           29041891
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                    1316142599
<SHARES-COMMON-STOCK>                              117
<SHARES-COMMON-PRIOR>                              115
<ACCUMULATED-NII-CURRENT>                    (1647491)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                      148592748
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     256343663
<NET-ASSETS>                                      1349
<DIVIDEND-INCOME>                             26443518
<INTEREST-INCOME>                              3355858
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              (12603433)
<NET-INVESTMENT-INCOME>                      171995943
<REALIZED-GAINS-CURRENT>                      54776610
<APPREC-INCREASE-CURRENT>                     16351890
<NET-CHANGE-FROM-OPS>                         88324443
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                         (21)
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  2
<NET-CHANGE-IN-ASSETS>                        91687329
<ACCUMULATED-NII-PRIOR>                       25287534
<ACCUMULATED-GAINS-PRIOR>                    140762006
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          4211357
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                               12603433
<AVERAGE-NET-ASSETS>                              1293
<PER-SHARE-NAV-BEGIN>                            11.07
<PER-SHARE-NII>                                    .15
<PER-SHARE-GAIN-APPREC>                            .50
<PER-SHARE-DIVIDEND>                             (.19)
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              11.53
<EXPENSE-RATIO>                                    .74
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 9
   <NAME> IDS STRATEGY AGGRESSIVE FUND CLASS A
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        814001048
<INVESTMENTS-AT-VALUE>                      1258211859
<RECEIVABLES>                                 14461966
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1272673825
<PAYABLE-FOR-SECURITIES>                       6648930
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1268968
<TOTAL-LIABILITIES>                            7917898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     752909941
<SHARES-COMMON-STOCK>                         19838494
<SHARES-COMMON-PRIOR>                         18346551
<ACCUMULATED-NII-CURRENT>                    (3727531)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       71362547
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     444210970
<NET-ASSETS>                                 428619551
<DIVIDEND-INCOME>                              1853955
<INTEREST-INCOME>                              3560547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 9139192
<NET-INVESTMENT-INCOME>                      (3724690)
<REALIZED-GAINS-CURRENT>                      22468328
<APPREC-INCREASE-CURRENT>                    129010875
<NET-CHANGE-FROM-OPS>                        147754513
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                          2841
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        7669930
<NUMBER-OF-SHARES-REDEEMED>                  (6177987)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       205972657
<ACCUMULATED-NII-PRIOR>                      (6657264)
<ACCUMULATED-GAINS-PRIOR>                    101695416
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3471934
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9139192
<AVERAGE-NET-ASSETS>                         384980222
<PER-SHARE-NAV-BEGIN>                            18.99
<PER-SHARE-NII>                                    .02
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.61
<EXPENSE-RATIO>                                   1.06
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 10
   <NAME> IDS STRATEGY AGGRESSIVE FUND CLASS B
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        814001048
<INVESTMENTS-AT-VALUE>                      1258211859
<RECEIVABLES>                                 14461966
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1272673825
<PAYABLE-FOR-SECURITIES>                       6648930
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1268968
<TOTAL-LIABILITIES>                            7917898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     752909941
<SHARES-COMMON-STOCK>                         39176162
<SHARES-COMMON-PRIOR>                         37722630
<ACCUMULATED-NII-CURRENT>                    (3727531)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       71362547
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     444210970
<NET-ASSETS>                                 836134782
<DIVIDEND-INCOME>                              1853955
<INTEREST-INCOME>                              3560547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 9139192
<NET-INVESTMENT-INCOME>                      (3724690)
<REALIZED-GAINS-CURRENT>                      22468328
<APPREC-INCREASE-CURRENT>                    129010875
<NET-CHANGE-FROM-OPS>                        147754513
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                        3568915
<NUMBER-OF-SHARES-REDEEMED>                  (2116542)
<SHARES-REINVESTED>                                159
<NET-CHANGE-IN-ASSETS>                       205972657
<ACCUMULATED-NII-PRIOR>                      (6657264)
<ACCUMULATED-GAINS-PRIOR>                    101695416
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3471934
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9139192
<AVERAGE-NET-ASSETS>                         766113657
<PER-SHARE-NAV-BEGIN>                            18.83
<PER-SHARE-NII>                                    .09
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.34
<EXPENSE-RATIO>                                   1.82
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>

<TABLE> <S> <C>

<ARTICLE> 6
<SERIES>
   <NUMBER> 11
   <NAME> IDS STRATEGY AGGRESSIVE FUND CLASS Y
       
<S>                             <C>
<PERIOD-TYPE>                   6-MOS
<FISCAL-YEAR-END>                          MAR-31-1997
<PERIOD-END>                               SEP-30-1996
<INVESTMENTS-AT-COST>                        814001048
<INVESTMENTS-AT-VALUE>                      1258511859
<RECEIVABLES>                                 14461966
<ASSETS-OTHER>                                       0
<OTHER-ITEMS-ASSETS>                                 0
<TOTAL-ASSETS>                              1272673825
<PAYABLE-FOR-SECURITIES>                       6648930
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                      1268968
<TOTAL-LIABILITIES>                            7917898
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                     752909941
<SHARES-COMMON-STOCK>                               73
<SHARES-COMMON-PRIOR>                               73
<ACCUMULATED-NII-CURRENT>                    (3727531)
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                       71362547
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                     444210970
<NET-ASSETS>                                      1594
<DIVIDEND-INCOME>                              1853955
<INTEREST-INCOME>                              3560547
<OTHER-INCOME>                                       0
<EXPENSES-NET>                                 9139192
<NET-INVESTMENT-INCOME>                      (3724690)
<REALIZED-GAINS-CURRENT>                      22468328
<APPREC-INCREASE-CURRENT>                    129010875
<NET-CHANGE-FROM-OPS>                        147754513
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                          0
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                       205972657
<ACCUMULATED-NII-PRIOR>                      (6657264)
<ACCUMULATED-GAINS-PRIOR>                    101695416
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                          3471934
<INTEREST-EXPENSE>                                   0
<GROSS-EXPENSE>                                9139192
<AVERAGE-NET-ASSETS>                              1480
<PER-SHARE-NAV-BEGIN>                            19.16
<PER-SHARE-NII>                                    .08
<PER-SHARE-GAIN-APPREC>                           2.60
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                              21.84
<EXPENSE-RATIO>                                    .83
<AVG-DEBT-OUTSTANDING>                               0
<AVG-DEBT-PER-SHARE>                                 0
        

</TABLE>


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