IDS STRATEGY FUND INC
NSAR-A, 1998-11-27
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   <PAGE>      PAGE  1
000 A000000 09/30/98
000 C000000 0000740146
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 A
001 A000000 IDS STRATEGY FUND, INC.
001 B000000 811-3956
001 C000000 6126713800
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  2
007 C010100  1
007 C020100 IDS EQUITY VALUE FUND
007 C030100 N
007 C010200  2
007 C020200 IDS STRATEGY AGGRESSIVE FUND
007 C030200 N
007 C010300  3
007 C010400  4
007 C010500  5
007 C010600  6
007 C010700  7
007 C010800  8
007 C010900  9
007 C011000 10
007 C011100 11
007 C011200 12
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
<PAGE>      PAGE  2
008 D02AA01 MN
008 D03AA01 55440
008 D04AA01 0010
011 A00AA01 AMERICAN EXPRESS FINANCIAL ADVISORS INC.
011 B00AA01 8-16791
011 C01AA01 MINNEAPOLIS
011 C02AA01 MN
011 C03AA01 55440
011 C04AA01 0010
012 A00AA01 AMERICAN EXPRESS FINANCIAL CORPORATION
012 B00AA01 84-456
012 C01AA01 MINNEAPOLIS
012 C02AA01 MN
012 C03AA01 55440
012 C04AA01 0010
013 A00AA01 KPMG PEAT MARWICK LLP
013 B01AA01 MINNEAPOLIS
013 B02AA01 MN
013 B03AA01 55402
013 B04AA01 3900
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
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   47
019 C00AA00 IDSMUTFDGR
020 A000001 LEHMAN BROTHERS INC.
<PAGE>      PAGE  3
020 B000001 13-2518466
020 C000001    176
020 A000002 MERRILL LYNCH & CO., INC.
020 B000002 13-5674085
020 C000002    175
020 A000003 WESTMINSTER RESEARCH ASSOCIATES
020 B000003 13-3088032
020 C000003    145
020 A000004 MORGAN STANLEY & CO., INC.
020 B000004 13-2655998
020 C000004    133
020 A000005 SCHRODER WERTHEIM & CO., INC.
020 B000005 13-2697272
020 C000005    121
020 A000006 PAINEWEBBER INC.
020 B000006 13-2638166
020 C000006    118
020 A000007 JAMES CAPEL INC.
020 B000007 52-1348224
020 C000007    116
020 A000008 SALOMON SMITH BARNEY INC.
020 B000008 13-1912900
020 C000008    115
020 A000009 PRUDENTIAL SECURITIES INC.
020 B000009 22-2347336
020 C000009    108
020 A000010 WEEDEN & CO. L.P.
020 B000010 13-3364318
020 C000010     97
021  000000     3411
022 A000001 LEHMAN COMMERICAL PAPER INC.
022 B000001 13-2501865
022 C000001    556312
022 D000001     70464
022 A000002 CREDIT SUISSE FIRST BOSTON CORP.
022 B000002 13-5659485
022 C000002    300077
022 D000002    155217
022 A000003 MORGAN STANLEY & CO., INC.
022 B000003 13-2655998
022 C000003    259907
022 D000003    109643
022 A000004 GOLDMAN, SACHS & CO.
022 B000004 13-5108880
022 C000004    278429
022 D000004     31050
022 A000005 MORGAN (J.P.) SECURITIES INC.
022 B000005 13-3224016
022 C000005    221104
022 D000005     52778
022 A000006 MERRILL LYNCH & CO., INC.
<PAGE>      PAGE  4
022 B000006 13-5674085
022 C000006    166426
022 D000006    105575
022 A000007 BANK OF AMERICA
022 B000007 94-1687655
022 C000007     29500
022 D000007     47673
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022 B000008 36-3595942
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022 D000008     36623
022 A000009 SALOMON SMITH BARNEY INC.
022 B000009 13-1912900
022 C000009     32076
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022 A000010 CHASE INVESTMENT SERVICES CORP.
022 B000010 13-5225436
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<PAGE>      PAGE  8
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<PAGE>      PAGE  10
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<PAGE>      PAGE  11
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SIGNATURE   LESLIE L. OGG                                
TITLE       VICE PRESIDENT      
 

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  1
   <NAME>   IDS EQUITY VALUE FUND CLASS A
       
<S>                                        <C>
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</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  2
   <NAME>   IDS EQUITY VALUE FUND CLASS B
       
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<NET-CHANGE-IN-ASSETS>                    (434852636)
<ACCUMULATED-NII-PRIOR>                      2423991
<ACCUMULATED-GAINS-PRIOR>                  196532833
<OVERDISTRIB-NII-PRIOR>                            0
<OVERDIST-NET-GAINS-PRIOR>                         0
<GROSS-ADVISORY-FEES>                        6419818
<INTEREST-EXPENSE>                                 0
<GROSS-EXPENSE>                             17876190
<AVERAGE-NET-ASSETS>                      1769253771
<PER-SHARE-NAV-BEGIN>                          12.85
<PER-SHARE-NII>                                  .05
<PER-SHARE-GAIN-APPREC>                        (2.06)
<PER-SHARE-DIVIDEND>                             .05
<PER-SHARE-DISTRIBUTIONS>                        .00
<RETURNS-OF-CAPITAL>                             .00
<PER-SHARE-NAV-END>                            10.79
<EXPENSE-RATIO>                                 1.60
<AVG-DEBT-OUTSTANDING>                             0
<AVG-DEBT-PER-SHARE>                               0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  3
   <NAME>   IDS EQUITY VALUE FUND CLASS Y
       
<S>                                        <C>
<PERIOD-TYPE>                                          6-MOS
<FISCAL-YEAR-END>                                MAR-31-1999
<PERIOD-END>                                     SEP-30-1998
<INVESTMENTS-AT-COST>                             2435138516
<INVESTMENTS-AT-VALUE>                            2334308936
<RECEIVABLES>                                        5217121
<ASSETS-OTHER>                                             0
<OTHER-ITEMS-ASSETS>                                       0
<TOTAL-ASSETS>                                    2339526057
<PAYABLE-FOR-SECURITIES>                            16022626
<SENIOR-LONG-TERM-DEBT>                                    0
<OTHER-ITEMS-LIABILITIES>                             723596
<TOTAL-LIABILITIES>                                 16746222
<SENIOR-EQUITY>                                            0
<PAID-IN-CAPITAL-COMMON>                          2098176582
<SHARES-COMMON-STOCK>                                  83920
<SHARES-COMMON-PRIOR>                                  82407
<ACCUMULATED-NII-CURRENT>                            2109365
<OVERDISTRIBUTION-NII>                                     0
<ACCUMULATED-NET-GAINS>                            323540821
<OVERDISTRIBUTION-GAINS>                                   0
<ACCUM-APPREC-OR-DEPREC>                          (101046933)
<NET-ASSETS>                                          906823
<DIVIDEND-INCOME>                                   27342455
<INTEREST-INCOME>                                    4810232
<OTHER-INCOME>                                             0
<EXPENSES-NET>                                      17809608
<NET-INVESTMENT-INCOME>                             14343079
<REALIZED-GAINS-CURRENT>                           127007988
<APPREC-INCREASE-CURRENT>                         (572882643)
<NET-CHANGE-FROM-OPS>                             (431531576)
<EQUALIZATION>                                             0
<DISTRIBUTIONS-OF-INCOME>                               9113
<DISTRIBUTIONS-OF-GAINS>                                   0
<DISTRIBUTIONS-OTHER>                                      0
<NUMBER-OF-SHARES-SOLD>                                30790
<NUMBER-OF-SHARES-REDEEMED>                            30046
<SHARES-REINVESTED>                                      769
<NET-CHANGE-IN-ASSETS>                            (434852636)
<ACCUMULATED-NII-PRIOR>                              2423991
<ACCUMULATED-GAINS-PRIOR>                          196532833
<OVERDISTRIB-NII-PRIOR>                                    0
<OVERDIST-NET-GAINS-PRIOR>                                 0
<GROSS-ADVISORY-FEES>                                6419818
<INTEREST-EXPENSE>                                         0
<GROSS-EXPENSE>                                     17876190
<AVERAGE-NET-ASSETS>                                 1094635
<PER-SHARE-NAV-BEGIN>                                  12.87
<PER-SHARE-NII>                                          .10
<PER-SHARE-GAIN-APPREC>                                (2.06)
<PER-SHARE-DIVIDEND>                                     .10
<PER-SHARE-DISTRIBUTIONS>                                .00
<RETURNS-OF-CAPITAL>                                     .00
<PER-SHARE-NAV-END>                                    10.81
<EXPENSE-RATIO>                                          .77
<AVG-DEBT-OUTSTANDING>                                     0
<AVG-DEBT-PER-SHARE>                                       0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  4
   <NAME>   IDS STRATEGY AGGRESSIVE FUND CLASS A
       
<S>                                            <C>
<PERIOD-TYPE>                                               YEAR
<FISCAL-YEAR-END>                                      MAR-31-1999
<PERIOD-END>                                           SEP-30-1998
<INVESTMENTS-AT-COST>                                  840898783
<INVESTMENTS-AT-VALUE>                                1176599203
<RECEIVABLES>                                            9396959
<ASSETS-OTHER>                                                 0
<OTHER-ITEMS-ASSETS>                                           0
<TOTAL-ASSETS>                                        1185996162
<PAYABLE-FOR-SECURITIES>                                 3909506
<SENIOR-LONG-TERM-DEBT>                                        0
<OTHER-ITEMS-LIABILITIES>                                1113736
<TOTAL-LIABILITIES>                                      5023242
<SENIOR-EQUITY>                                                0
<PAID-IN-CAPITAL-COMMON>                               810895933
<SHARES-COMMON-STOCK>                                   26414182
<SHARES-COMMON-PRIOR>                                   24762410
<ACCUMULATED-NII-CURRENT>                                      0
<OVERDISTRIBUTION-NII>                                   7259176
<ACCUMULATED-NET-GAINS>                                 41836890
<OVERDISTRIBUTION-GAINS>                                       0
<ACCUM-APPREC-OR-DEPREC>                               335700420
<NET-ASSETS>                                           496191994
<DIVIDEND-INCOME>                                        1590072
<INTEREST-INCOME>                                        1091293
<OTHER-INCOME>                                                 0
<EXPENSES-NET>                                           9940541
<NET-INVESTMENT-INCOME>                                 (7259176)
<REALIZED-GAINS-CURRENT>                                20901157
<APPREC-INCREASE-CURRENT>                             (226291336)
<NET-CHANGE-FROM-OPS>                                 (212649355)
<EQUALIZATION>                                                 0
<DISTRIBUTIONS-OF-INCOME>                                      0
<DISTRIBUTIONS-OF-GAINS>                                       0
<DISTRIBUTIONS-OTHER>                                          0
<NUMBER-OF-SHARES-SOLD>                                 14420220
<NUMBER-OF-SHARES-REDEEMED>                             12768448
<SHARES-REINVESTED>                                            0
<NET-CHANGE-IN-ASSETS>                                (258835475)
<ACCUMULATED-NII-PRIOR>                                        0
<ACCUMULATED-GAINS-PRIOR>                               20935733
<OVERDISTRIB-NII-PRIOR>                                        0
<OVERDIST-NET-GAINS-PRIOR>                                     0
<GROSS-ADVISORY-FEES>                                    4071114
<INTEREST-EXPENSE>                                             0
<GROSS-EXPENSE>                                          9981051
<AVERAGE-NET-ASSETS>                                   543179798
<PER-SHARE-NAV-BEGIN>                                      22.12
<PER-SHARE-NII>                                             (.06)
<PER-SHARE-GAIN-APPREC>                                    (3.27)
<PER-SHARE-DIVIDEND>                                         .00
<PER-SHARE-DISTRIBUTIONS>                                    .00
<RETURNS-OF-CAPITAL>                                         .00
<PER-SHARE-NAV-END>                                        18.79
<EXPENSE-RATIO>                                             1.00
<AVG-DEBT-OUTSTANDING>                                         0
<AVG-DEBT-PER-SHARE>                                           0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  5
   <NAME>   IDS STRATEGY AGGRESSIVE FUND CLASS B
       
<S>                                                <C>
<PERIOD-TYPE>                                              YEAR
<FISCAL-YEAR-END>                                     MAR-31-1999
<PERIOD-END>                                          SEP-30-1998
<INVESTMENTS-AT-COST>                                 840898783
<INVESTMENTS-AT-VALUE>                               1176599203
<RECEIVABLES>                                           9396959
<ASSETS-OTHER>                                                0
<OTHER-ITEMS-ASSETS>                                          0
<TOTAL-ASSETS>                                       1185996162
<PAYABLE-FOR-SECURITIES>                                3909506
<SENIOR-LONG-TERM-DEBT>                                       0
<OTHER-ITEMS-LIABILITIES>                               1113736
<TOTAL-LIABILITIES>                                     5023242
<SENIOR-EQUITY>                                               0
<PAID-IN-CAPITAL-COMMON>                              810895933
<SHARES-COMMON-STOCK>                                  37690196
<SHARES-COMMON-PRIOR>                                  41530618
<ACCUMULATED-NII-CURRENT>                                     0
<OVERDISTRIBUTION-NII>                                  7259176
<ACCUMULATED-NET-GAINS>                                41836890
<OVERDISTRIBUTION-GAINS>                                      0
<ACCUM-APPREC-OR-DEPREC>                              335700420
<NET-ASSETS>                                          684980299
<DIVIDEND-INCOME>                                       1590072
<INTEREST-INCOME>                                       1091293
<OTHER-INCOME>                                                0
<EXPENSES-NET>                                          9940541
<NET-INVESTMENT-INCOME>                                (7259176)
<REALIZED-GAINS-CURRENT>                               20901157
<APPREC-INCREASE-CURRENT>                            (226291336)
<NET-CHANGE-FROM-OPS>                                (212649355)
<EQUALIZATION>                                                0
<DISTRIBUTIONS-OF-INCOME>                                     0
<DISTRIBUTIONS-OF-GAINS>                                      0
<DISTRIBUTIONS-OTHER>                                         0
<NUMBER-OF-SHARES-SOLD>                                 1537808
<NUMBER-OF-SHARES-REDEEMED>                             5378230
<SHARES-REINVESTED>                                           0
<NET-CHANGE-IN-ASSETS>                               (258835475)
<ACCUMULATED-NII-PRIOR>                                       0
<ACCUMULATED-GAINS-PRIOR>                              20935733
<OVERDISTRIB-NII-PRIOR>                                       0
<OVERDIST-NET-GAINS-PRIOR>                                    0
<GROSS-ADVISORY-FEES>                                   4071114
<INTEREST-EXPENSE>                                            0
<GROSS-EXPENSE>                                         9981051
<AVERAGE-NET-ASSETS>                                  825510560
<PER-SHARE-NAV-BEGIN>                                     21.48
<PER-SHARE-NII>                                            (.15)
<PER-SHARE-GAIN-APPREC>                                   (3.16)
<PER-SHARE-DIVIDEND>                                        .00
<PER-SHARE-DISTRIBUTIONS>                                   .00
<RETURNS-OF-CAPITAL>                                        .00
<PER-SHARE-NAV-END>                                       18.17
<EXPENSE-RATIO>                                            1.75
<AVG-DEBT-OUTSTANDING>                                        0
<AVG-DEBT-PER-SHARE>                                          0
        

</TABLE>

<TABLE> <S> <C>


<ARTICLE> 6
<SERIES>
   <NUMBER>  6
   <NAME>   IDS STRATEGY AGGRESSIVE FUND CLASS Y
       
<S>                                         <C>
<PERIOD-TYPE>                                            YEAR
<FISCAL-YEAR-END>                                   MAR-31-1999
<PERIOD-END>                                        SEP-30-1998
<INVESTMENTS-AT-COST>                               840898783
<INVESTMENTS-AT-VALUE>                             1176599203
<RECEIVABLES>                                         9396959
<ASSETS-OTHER>                                              0
<OTHER-ITEMS-ASSETS>                                        0
<TOTAL-ASSETS>                                     1185996162
<PAYABLE-FOR-SECURITIES>                              3909506
<SENIOR-LONG-TERM-DEBT>                                     0
<OTHER-ITEMS-LIABILITIES>                             1113736
<TOTAL-LIABILITIES>                                   5023242
<SENIOR-EQUITY>                                             0
<PAID-IN-CAPITAL-COMMON>                            810895933
<SHARES-COMMON-STOCK>                                      94
<SHARES-COMMON-PRIOR>                                      94
<ACCUMULATED-NII-CURRENT>                                   0
<OVERDISTRIBUTION-NII>                                7259176
<ACCUMULATED-NET-GAINS>                              41836890
<OVERDISTRIBUTION-GAINS>                                    0
<ACCUM-APPREC-OR-DEPREC>                            335700420
<NET-ASSETS>                                             1774
<DIVIDEND-INCOME>                                     1590072
<INTEREST-INCOME>                                     1091293
<OTHER-INCOME>                                              0
<EXPENSES-NET>                                        9940541
<NET-INVESTMENT-INCOME>                              (7259176)
<REALIZED-GAINS-CURRENT>                             20901157
<APPREC-INCREASE-CURRENT>                          (226291336)
<NET-CHANGE-FROM-OPS>                              (212649355)
<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>                             (258835475)
<ACCUMULATED-NII-PRIOR>                                     0
<ACCUMULATED-GAINS-PRIOR>                            20935733
<OVERDISTRIB-NII-PRIOR>                                     0
<OVERDIST-NET-GAINS-PRIOR>                                  0
<GROSS-ADVISORY-FEES>                                 4071114
<INTEREST-EXPENSE>                                          0
<GROSS-EXPENSE>                                       9981051
<AVERAGE-NET-ASSETS>                                     2027
<PER-SHARE-NAV-BEGIN>                                   22.22
<PER-SHARE-NII>                                          (.06)
<PER-SHARE-GAIN-APPREC>                                 (3.29)
<PER-SHARE-DIVIDEND>                                      .00
<PER-SHARE-DISTRIBUTIONS>                                 .00
<RETURNS-OF-CAPITAL>                                      .00
<PER-SHARE-NAV-END>                                     18.87
<EXPENSE-RATIO>                                           .91
<AVG-DEBT-OUTSTANDING>                                      0
<AVG-DEBT-PER-SHARE>                                        0
        

</TABLE>


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