<PAGE> PAGE 1
000 B000000 03/31/98
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 A
007 C030300 N
007 C010400 4
007 C020400 IDS STRATEGY AGGRESSIVE
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 AGGRESIVE 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
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
015 A00AA01 AMERICAN EXPRESS TRUST COMPANY
015 B00AA01 C
015 C01AA01 MINNEAPOLIS
015 C02AA01 MN
015 C03AA01 55402
015 C04AA01 2307
015 E01AA01 X
018 00AA00 Y
019 A00AA00 Y
<PAGE> PAGE 3
019 B00AA00 47
019 C00AA00 IDSMUTFDGR
020 A000001 MERRILL LYNCH & CO., INC.
020 B000001 13-5674085
020 C000001 361
020 A000002 DONALDSON, LUFKIN JENRETTE SEC CORP.
020 B000002 13-2741729
020 C000002 354
020 A000003 MORGAN (J.P.) SECURITIES INC.
020 B000003 13-3224016
020 C000003 332
020 A000004 CREDIT SUISSE FIRST BOSTON CORP.
020 B000004 13-5659485
020 C000004 277
020 A000005 GOLDMAN SACHS & CO.
020 B000005 13-5108880
020 C000005 268
020 A000006 SCHRODER WERTHEIM & CO., INC.
020 B000006 13-2697272
020 C000006 267
020 A000007 PAINEWEBBER INC.
020 B000007 13-2638166
020 C000007 241
020 A000008 CAPITAL INSTITUTIONAL SERVICE INC.
020 B000008 75-1565705
020 C000008 239
020 A000009 JAMES CAPEL INC.
020 B000009 52-1348224
020 C000009 235
020 A000010 LEHMAN BROTHERS INC.
020 B000010 13-2518466
020 C000010 218
021 000000 6610
022 A000001 LEHMAN COMMERICAL PAPER INC.
022 B000001 13-2501865
022 C000001 1109496
022 D000001 144033
022 A000002 GOLDMAN SACHS & CO.
022 B000002 13-5108880
022 C000002 733121
022 D000002 153732
022 A000003 MERRILL LYNCH & CO INC.
022 B000003 13-5674085
022 C000003 578003
022 D000003 186021
022 A000004 MORGAN (J.P.) SECURITIES INC.
022 B000004 13-3224016
022 C000004 556764
022 D000004 42492
022 A000005 MORGAN STANLEY & CO., INC.
022 B000005 13-2655998
<PAGE> PAGE 4
022 C000005 429834
022 D000005 138893
022 A000006 CREDIT SUISSE FIRST BOSTON CORP.
022 B000006 13-5659485
022 C000006 233016
022 D000006 74252
022 A000007 FIRST CHICAGO CAPITAL MKTS INC.
022 B000007 36-3595942
022 C000007 158731
022 D000007 23742
022 A000008 CHASE INVESTMENT SERVICES CORP.
022 B000008 13-5225436
022 C000008 121111
022 D000008 30013
022 A000009 BANKERS TRUST
022 B000009 13-4941247
022 C000009 106283
022 D000009 9583
022 A000010 BANK OF AMERICA
022 B000010 94-1687655
022 C000010 86792
022 D000010 20854
023 C000000 4770501
023 D000000 1146704
026 A000000 N
026 B000000 Y
026 C000000 Y
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 Y
049 00AA00 N
050 00AA00 N
051 00AA00 N
052 00AA00 N
053 A00AA00 N
054 A00AA00 Y
054 B00AA00 Y
054 C00AA00 Y
054 D00AA00 N
054 E00AA00 N
054 F00AA00 N
054 G00AA00 N
054 H00AA00 N
054 I00AA00 N
054 J00AA00 N
054 K00AA00 N
054 L00AA00 Y
<PAGE> PAGE 5
054 M00AA00 Y
054 N00AA00 N
054 O00AA00 Y
055 A00AA00 N
055 B00AA00 N
056 00AA00 Y
057 00AA00 N
058 A00AA00 N
059 00AA00 Y
060 A00AA00 Y
060 B00AA00 Y
061 00AA00 100
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A00AA00 RELIANCE INSURANCE COMPANY
080 C00AA00 2300
081 A00AA00 N
081 B00AA00 0
082 A00AA00 N
082 B00AA00 0
083 A00AA00 N
083 B00AA00 0
084 A00AA00 N
084 B00AA00 0
085 A00AA00 Y
085 B00AA00 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
<PAGE> PAGE 6
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
024 000300 Y
025 A000301 NATIONSBANK
025 B000301 75-0520130
025 C000301 E
025 D000301 32821
025 A000302 J.P. MORGAN SECURITIES INC.
025 B000302 13-3224016
025 C000302 E
025 D000302 33578
025 A000303 BANK OF AMERICA
025 B000303 94-1687655
025 C000303 E
025 D000303 33050
025 A000304 MORGAN STANLEY & CO., INC.
025 B000304 13-2655998
025 C000304 D
025 D000304 11889
025 A000305 GOLDMAN SACHS & CO.
025 B000305 13-5108880
025 C000305 D
025 D000305 10490
025 A000306 FIRST CHICAGO CAPITAL MARKETS
025 B000306 36-3595942
025 C000306 E
025 D000306 33047
025 A000307 TRAVELERS GROUP INC.
025 B000307 52-1568099
025 C000307 E
025 D000307 30900
025 D000308 0
028 A010300 41837
028 A020300 1
028 A030300 0
028 A040300 22800
028 B010300 30546
028 B020300 0
028 B030300 0
028 B040300 17886
028 C010300 39703
028 C020300 373718
028 C030300 0
028 C040300 22388
028 D010300 41313
028 D020300 -4
028 D030300 0
028 D040300 25145
<PAGE> PAGE 7
028 E010300 37835
028 E020300 5
028 E030300 0
028 E040300 22448
028 F010300 39813
028 F020300 7238
028 F030300 0
028 F040300 29735
028 G010300 231047
028 G020300 380958
028 G030300 0
028 G040300 140402
028 H000300 29648
045 000300 Y
046 000300 N
047 000300 Y
048 000300 0.000
048 A010300 500000
048 A020300 0.530
048 B010300 500000
048 B020300 0.505
048 C010300 1000000
048 C020300 0.480
048 D010300 1000000
048 D020300 0.455
048 E010300 3000000
048 E020300 0.430
048 F010300 0
048 F020300 0.000
048 G010300 0
048 G020300 0.000
048 H010300 0
048 H020300 0.000
048 I010300 0
048 I020300 0.000
048 J010300 0
048 J020300 0.000
048 K010300 6000000
048 K020300 0.400
062 A000300 N
062 B000300 0.0
062 C000300 0.0
062 D000300 0.0
062 E000300 0.0
062 F000300 0.0
062 G000300 0.0
062 H000300 0.0
062 I000300 0.0
062 J000300 0.0
062 K000300 0.0
062 L000300 0.0
<PAGE> PAGE 8
062 M000300 0.0
062 N000300 0.0
062 O000300 0.0
062 P000300 0.0
062 Q000300 0.0
062 R000300 0.0
063 A000300 0
063 B000300 0.0
070 A010300 Y
070 A020300 N
070 B010300 Y
070 B020300 N
070 C010300 N
070 C020300 N
070 D010300 Y
070 D020300 Y
070 E010300 N
070 E020300 N
070 F010300 Y
070 F020300 N
070 G010300 N
070 G020300 N
070 H010300 Y
070 H020300 N
070 I010300 N
070 I020300 N
070 J010300 Y
070 J020300 N
070 K010300 Y
070 K020300 N
070 L010300 Y
070 L020300 Y
070 M010300 Y
070 M020300 Y
070 N010300 Y
070 N020300 Y
070 O010300 Y
070 O020300 N
070 P010300 Y
070 P020300 Y
070 Q010300 N
070 Q020300 N
070 R010300 N
070 R020300 N
071 A000300 1932697
071 B000300 1905130
071 C000300 2006507
071 D000300 95
072 A000300 12
072 B000300 18825
072 C000300 57688
<PAGE> PAGE 9
072 D000300 0
072 E000300 0
072 F000300 11485
072 G000300 787
072 H000300 0
072 I000300 3116
072 J000300 242
072 K000300 158
072 L000300 0
072 M000300 20
072 N000300 71
072 O000300 0
072 P000300 0
072 Q000300 0
072 R000300 22
072 S000300 0
072 T000300 12660
072 U000300 0
072 V000300 0
072 W000300 4045
072 X000300 32606
072 Y000300 243
072 Z000300 44149
072AA000300 422193
072BB000300 0
072CC010300 194604
072CC020300 0
072DD010300 39995
072DD020300 0
072EE000300 371358
073 A010300 0.0000
073 A020300 0.0000
073 B000300 0.0000
073 C000300 0.0000
074 A000300 173
074 B000300 0
074 C000300 307126
074 D000300 17562
074 E000300 0
074 F000300 2413415
074 G000300 0
074 H000300 0
074 I000300 0
074 J000300 31922
074 K000300 0
074 L000300 4769
074 M000300 0
074 N000300 2774967
074 O000300 16756
074 P000300 101
074 Q000300 0
<PAGE> PAGE 10
074 R010300 0
074 R020300 0
074 R030300 0
074 R040300 478
074 S000300 0
074 T000300 2757632
074 U010300 217549
074 U020300 0
074 V010300 0.00
074 V020300 0.00
074 W000300 0.0000
074 X000300 211780
074 Y000300 0
075 A000300 0
075 B000300 2334253
076 000300 0.00
025 A000401 BANK OF AMERICA
025 B000401 94-1687655
025 C000401 D
025 D000401 3189
025 A000402 DELETE
025 D000402 0
025 A000403 DELETE
025 D000403 0
025 D000404 0
025 D000405 0
025 D000406 0
025 D000407 0
025 D000408 0
028 A010400 27833
028 A020400 0
028 A030400 0
028 A040400 33096
028 B010400 17704
028 B020400 0
028 B030400 0
028 B040400 28854
028 C010400 36888
028 C020400 221997
028 C030400 0
028 C040400 51702
028 D010400 30365
028 D020400 -12
028 D030400 0
028 D040400 43639
028 E010400 29941
028 E020400 0
028 E030400 0
028 E040400 52167
028 F010400 31810
028 F020400 0
<PAGE> PAGE 11
028 F030400 0
028 F040400 46269
028 G010400 174541
028 G020400 221985
028 G030400 0
028 G040400 255727
028 H000400 4325
062 A000400 N
062 B000400 0.0
062 C000400 0.0
062 D000400 0.0
062 E000400 0.0
062 F000400 0.0
062 G000400 0.0
062 H000400 0.0
062 I000400 0.0
062 J000400 0.0
062 K000400 0.0
062 L000400 0.0
062 M000400 0.0
062 N000400 0.0
062 O000400 0.0
062 P000400 0.0
062 Q000400 0.0
062 R000400 0.0
063 A000400 0
063 B000400 0.0
066 A000400 Y
066 B000400 Y
066 C000400 N
066 D000400 N
066 E000400 N
066 F000400 N
066 G000400 N
067 000400 N
068 A000400 N
068 B000400 N
069 000400 N
070 A010400 Y
070 A020400 N
070 B010400 Y
070 B020400 Y
070 C010400 N
070 C020400 N
070 D010400 Y
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 Y
070 F020400 N
070 G010400 N
<PAGE> PAGE 12
070 G020400 N
070 H010400 Y
070 H020400 N
070 I010400 N
070 I020400 N
070 J010400 Y
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 Y
070 L020400 Y
070 M010400 Y
070 M020400 N
070 N010400 Y
070 N020400 N
070 O010400 Y
070 O020400 N
070 P010400 Y
070 P020400 Y
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 1146954
071 B000400 1259190
071 C000400 1212237
071 D000400 95
072 A000400 12
072 B000400 3182
072 C000400 3786
072 D000400 0
072 E000400 0
072 F000400 7578
072 G000400 643
072 H000400 0
072 I000400 2290
072 J000400 125
072 K000400 30
072 L000400 11
072 M000400 17
072 N000400 16
072 O000400 0
072 P000400 0
072 Q000400 0
072 R000400 0
072 S000400 0
072 T000400 6005
072 U000400 0
072 V000400 0
072 W000400 2201
072 X000400 18936
<PAGE> PAGE 13
072 Y000400 165
072 Z000400 -11803
072AA000400 154472
072BB000400 0
072CC010400 336920
072CC020400 0
072DD010400 0
072DD020400 0
072EE000400 224184
073 A010400 0.0000
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
074 A000400 2729
074 B000400 0
074 C000400 29304
074 D000400 0
074 E000400 0
074 F000400 1399337
074 G000400 0
074 H000400 0
074 I000400 0
074 J000400 13065
074 K000400 0
074 L000400 0
074 M000400 156
074 N000400 1444591
074 O000400 4450
074 P000400 56
074 Q000400 0
074 R010400 0
074 R020400 0
074 R030400 0
074 R040400 75
074 S000400 0
074 T000400 1440010
074 U010400 66293
074 U020400 0
074 V010400 0.00
074 V020400 0.00
074 W000400 0.0000
074 X000400 139021
074 Y000400 0
075 A000400 0
075 B000400 1275273
076 000400 0.00
029 000600 Y
030 A000600 3235
030 B000600 5.00
030 C000600 0.50
031 A000600 1082
<PAGE> PAGE 14
031 B000600 0
032 000600 0
033 000600 2153
034 000600 Y
035 000600 0
036 A000600 N
036 B000600 0
037 000600 N
038 000600 0
039 000600 N
040 000600 N
041 000600 N
029 000700 N
030 A000700 0
030 B000700 0.00
030 C000700 0.00
031 A000700 0
031 B000700 0
032 000700 0
033 000700 0
034 000700 Y
035 000700 669
036 A000700 N
036 B000700 0
037 000700 N
038 000700 0
039 000700 N
040 000700 Y
041 000700 Y
042 A000700 0
042 B000700 0
042 C000700 0
042 D000700 0
042 E000700 0
042 F000700 0
042 G000700 0
042 H000700 100
043 000700 12660
044 000700 0
029 000800 N
030 A000800 0
030 B000800 0.00
030 C000800 0.00
031 A000800 0
031 B000800 0
032 000800 0
033 000800 0
034 000800 N
035 000800 0
036 B000800 0
029 000900 Y
<PAGE> PAGE 15
030 A000900 477
030 B000900 5.00
030 C000900 0.50
031 A000900 171
031 B000900 0
032 000900 0
033 000900 306
034 000900 Y
035 000900 0
036 A000900 N
036 B000900 0
029 001000 N
030 A001000 0
030 B001000 0.00
030 C001000 0.00
031 A001000 0
031 B001000 0
032 001000 0
033 001000 0
034 001000 Y
035 001000 475
036 A001000 N
036 B001000 0
037 001000 N
038 001000 0
039 001000 N
040 001000 Y
041 001000 Y
042 A001000 0
042 B001000 0
042 C001000 0
042 D001000 0
042 E001000 0
042 F001000 0
042 G001000 0
042 H001000 100
043 001000 6005
044 001000 0
029 001100 N
030 A001100 0
030 B001100 0.00
030 C001100 0.00
031 A001100 0
031 B001100 0
032 001100 0
033 001100 0
034 001100 N
035 001100 0
036 B001100 0
SIGNATURE LESLIE L. OGG
TITLE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 6
<NAME> IDS EQUITY VALUE CLASS A
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 2271078184
<INVESTMENTS-AT-VALUE> 2738102499
<RECEIVABLES> 36691316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2774967107
<PAYABLE-FOR-SECURITIES> 16756242
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 578394
<TOTAL-LIABILITIES> 17334636
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2086839937
<SHARES-COMMON-STOCK> 64976362
<SHARES-COMMON-PRIOR> 36618200
<ACCUMULATED-NII-CURRENT> 2423991
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 196532833
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 471835710
<NET-ASSETS> 834929361
<DIVIDEND-INCOME> 57687771
<INTEREST-INCOME> 18825094
<OTHER-INCOME> 0
<EXPENSES-NET> 32363664
<NET-INVESTMENT-INCOME> 44149201
<REALIZED-GAINS-CURRENT> 422193012
<APPREC-INCREASE-CURRENT> 194604248
<NET-CHANGE-FROM-OPS> 660946461
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 14592544
<DISTRIBUTIONS-OF-GAINS> 109070518
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 24247788
<NUMBER-OF-SHARES-REDEEMED> 6191307
<SHARES-REINVESTED> 10301681
<NET-CHANGE-IN-ASSETS> 823212080
<ACCUMULATED-NII-PRIOR> 1350747
<ACCUMULATED-GAINS-PRIOR> 142616648
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11485241
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32606187
<AVERAGE-NET-ASSETS> 643907986
<PER-SHARE-NAV-BEGIN> 11.62
<PER-SHARE-NII> .32
<PER-SHARE-GAIN-APPREC> 3.30
<PER-SHARE-DIVIDEND> .30
<PER-SHARE-DISTRIBUTIONS> 2.09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.85
<EXPENSE-RATIO> .85
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 7
<NAME> IDS EQUITY VALUE CLASS B
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 2271078184
<INVESTMENTS-AT-VALUE> 2738102499
<RECEIVABLES> 36691316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2774967107
<PAYABLE-FOR-SECURITIES> 16756242
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 578394
<TOTAL-LIABILITIES> 17334636
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2086839937
<SHARES-COMMON-STOCK> 149490591
<SHARES-COMMON-PRIOR> 129773835
<ACCUMULATED-NII-CURRENT> 2423991
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 196532833
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 471835710
<NET-ASSETS> 1921642595
<DIVIDEND-INCOME> 57687771
<INTEREST-INCOME> 18825094
<OTHER-INCOME> 0
<EXPENSES-NET> 32363664
<NET-INVESTMENT-INCOME> 44149201
<REALIZED-GAINS-CURRENT> 422193012
<APPREC-INCREASE-CURRENT> 194604248
<NET-CHANGE-FROM-OPS> 660946461
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 25394091
<DISTRIBUTIONS-OF-GAINS> 262181189
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 17906145
<NUMBER-OF-SHARES-REDEEMED> 22768273
<SHARES-REINVESTED> 24578884
<NET-CHANGE-IN-ASSETS> 823212080
<ACCUMULATED-NII-PRIOR> 1350747
<ACCUMULATED-GAINS-PRIOR> 142616648
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11485241
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32606187
<AVERAGE-NET-ASSETS> 1687983512
<PER-SHARE-NAV-BEGIN> 11.63
<PER-SHARE-NII> .21
<PER-SHARE-GAIN-APPREC> 3.30
<PER-SHARE-DIVIDEND> .20
<PER-SHARE-DISTRIBUTIONS> 2.09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.85
<EXPENSE-RATIO> 1.61
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 8
<NAME> IDS EQUITY VALUE CLASS Y
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> MAR-31-1998
<INVESTMENTS-AT-COST> 2271078184
<INVESTMENTS-AT-VALUE> 2738102499
<RECEIVABLES> 36691316
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2774967107
<PAYABLE-FOR-SECURITIES> 16756242
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 578394
<TOTAL-LIABILITIES> 17334636
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 2086839937
<SHARES-COMMON-STOCK> 82407
<SHARES-COMMON-PRIOR> 146
<ACCUMULATED-NII-CURRENT> 2423991
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 196532833
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 471835710
<NET-ASSETS> 1060515
<DIVIDEND-INCOME> 57687771
<INTEREST-INCOME> 18825094
<OTHER-INCOME> 0
<EXPENSES-NET> 32363664
<NET-INVESTMENT-INCOME> 44149201
<REALIZED-GAINS-CURRENT> 422193012
<APPREC-INCREASE-CURRENT> 194604248
<NET-CHANGE-FROM-OPS> 660946461
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 8643
<DISTRIBUTIONS-OF-GAINS> 105799
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 126503
<NUMBER-OF-SHARES-REDEEMED> 54137
<SHARES-REINVESTED> 9895
<NET-CHANGE-IN-ASSETS> 823212080
<ACCUMULATED-NII-PRIOR> 1350747
<ACCUMULATED-GAINS-PRIOR> 142616648
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 11485241
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 32606187
<AVERAGE-NET-ASSETS> 308597
<PER-SHARE-NAV-BEGIN> 11.64
<PER-SHARE-NII> .34
<PER-SHARE-GAIN-APPREC> 3.29
<PER-SHARE-DIVIDEND> .31
<PER-SHARE-DISTRIBUTIONS> 2.09
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 12.87
<EXPENSE-RATIO> .76
<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> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 916148965
<INVESTMENTS-AT-VALUE> 1347009051
<RECEIVABLES> 23654572
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1370663623
<PAYABLE-FOR-SECURITIES> 25921391
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9027923
<TOTAL-LIABILITIES> 34949314
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 728087044
<SHARES-COMMON-STOCK> 21801295
<SHARES-COMMON-PRIOR> 21023248
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 180858798
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 432119771
<NET-ASSETS> 507823701
<DIVIDEND-INCOME> 2008066
<INTEREST-INCOME> 1983157
<OTHER-INCOME> 0
<EXPENSES-NET> 9342527
<NET-INVESTMENT-INCOME> (5351304)
<REALIZED-GAINS-CURRENT> 90211535
<APPREC-INCREASE-CURRENT> 207048391
<NET-CHANGE-FROM-OPS> 291908622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 194998172
<NUMBER-OF-SHARES-REDEEMED> (178574113)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 213425814
<ACCUMULATED-NII-PRIOR> (7996850)
<ACCUMULATED-GAINS-PRIOR> 112521564
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3701057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9342527
<AVERAGE-NET-ASSETS> 449983654
<PER-SHARE-NAV-BEGIN> 18.34
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 4.95
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.29
<EXPENSE-RATIO> 1.03
<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> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 916148965
<INVESTMENTS-AT-VALUE> 1347009051
<RECEIVABLES> 23654572
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1370663623
<PAYABLE-FOR-SECURITIES> 25921391
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9027923
<TOTAL-LIABILITIES> 34949314
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 728087044
<SHARES-COMMON-STOCK> 36282526
<SHARES-COMMON-PRIOR> 40838000
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 180858798
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 432119771
<NET-ASSETS> 827888791
<DIVIDEND-INCOME> 2008066
<INTEREST-INCOME> 1983157
<OTHER-INCOME> 0
<EXPENSES-NET> 9342527
<NET-INVESTMENT-INCOME> (5351304)
<REALIZED-GAINS-CURRENT> 90211535
<APPREC-INCREASE-CURRENT> 207048391
<NET-CHANGE-FROM-OPS> 291908622
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 37565805
<NUMBER-OF-SHARES-REDEEMED> (132472672)
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 213425814
<ACCUMULATED-NII-PRIOR> (7996850)
<ACCUMULATED-GAINS-PRIOR> 112521564
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3701057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9342527
<AVERAGE-NET-ASSETS> 790358202
<PER-SHARE-NAV-BEGIN> 18.04
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 4.78
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 22.82
<EXPENSE-RATIO> 1.79
<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> YEAR
<FISCAL-YEAR-END> MAR-31-1998
<PERIOD-END> SEP-30-1997
<INVESTMENTS-AT-COST> 916148965
<INVESTMENTS-AT-VALUE> 1347009051
<RECEIVABLES> 23654572
<ASSETS-OTHER> 0
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 1370663623
<PAYABLE-FOR-SECURITIES> 25921391
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 9027923
<TOTAL-LIABILITIES> 34949314
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 728087044
<SHARES-COMMON-STOCK> 78
<SHARES-COMMON-PRIOR> 78
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 180858798
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 432119771
<NET-ASSETS> 1817
<DIVIDEND-INCOME> 2008066
<INTEREST-INCOME> 1983157
<OTHER-INCOME> 0
<EXPENSES-NET> 9342527
<NET-INVESTMENT-INCOME> (5351304)
<REALIZED-GAINS-CURRENT> 90211535
<APPREC-INCREASE-CURRENT> 207048391
<NET-CHANGE-FROM-OPS> 291908622
<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> 213425814
<ACCUMULATED-NII-PRIOR> (7996850)
<ACCUMULATED-GAINS-PRIOR> 112521564
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 3701057
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 9342527
<AVERAGE-NET-ASSETS> 1629
<PER-SHARE-NAV-BEGIN> 18.40
<PER-SHARE-NII> 0
<PER-SHARE-GAIN-APPREC> 4.98
<PER-SHARE-DIVIDEND> 0
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 23.38
<EXPENSE-RATIO> .86
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
The Board of Directors and Shareholders
IDS Strategy Fund, Inc.:
In planning and performing our audit of the financial statements of
IDS Equity Value Fund and IDS Strategy Aggressive Fund
(funds within IDS Strategy Fund, Inc.) for the year ended March 31, 1998,
we considered its internal control, including control activities for
safeguarding securities, in order to determine our auditing
procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements
of Form N-SAR, not to provide assurance on the internal control.
The management of IDS Strategy Fund, Inc. is responsible for
establishing and maintaining internal control. In fulfilling
this responsibility, estimates and judgments by management
are required to assess the expected benefits and related costs
of controls. Generally, controls that are relevant to an audit
pertain to the entitys objective of preparing financial
statements for external purposes that are fairly presented
in conformity with generally accepted accounting
principles. Those controls include the safeguarding of
assets against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also,
projection of any evaluation of internal control to future
periods is subject to the risk that it may become inadequate
because of changes in conditions or that the effectiveness
of the design and operation may deteriorate.
Our consideration of the internal control would not necessarily
disclose all matters in the internal control that might be
material weaknesses under standards established by the
American Institute of Certified Public Accountants.
A material weakness is a condition in which the
design or operation of one or more of the internal
control components does not reduce to a relatively low
level the risk that errors or irregularities in amounts
that would be material in relation to the financial
statements being audited may occur and not be detected
within a timely period by employees in the normal course
of performing their assigned functions. However, we
noted no matters involving the internal control and
its operation, including controls for safeguarding
securities, that we consider to be a material weakness
as defined above.
2
This report is intended solely for the information and use
of management, the Board of Directors of IDS Strategy
Fund, Inc., and the Securities and Exchange Commission.
KPMG Peat Marwick LLP
Minneapolis, Minnesota
May 1, 1998
