<TABLE> <S> <C>
<ARTICLE> 6
<SERIES>
<NUMBER> 3
<NAME> AXP EQUITY VALUE FUND CLASS C
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-2001
<PERIOD-END> SEP-30-2000
<INVESTMENTS-AT-COST> 1853087257
<INVESTMENTS-AT-VALUE> 2097892521
<RECEIVABLES> 1839271
<ASSETS-OTHER> 2200630
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 2101932422
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7706536
<TOTAL-LIABILITIES> 7706536
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 1818769939
<SHARES-COMMON-STOCK> 6207
<SHARES-COMMON-PRIOR> 0
<ACCUMULATED-NII-CURRENT> 1311110
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 29339933
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 244804904
<NET-ASSETS> 67997
<DIVIDEND-INCOME> 16631459
<INTEREST-INCOME> 1639253
<OTHER-INCOME> 0
<EXPENSES-NET> 14838579
<NET-INVESTMENT-INCOME> 3432133
<REALIZED-GAINS-CURRENT> 15435868
<APPREC-INCREASE-CURRENT> (15073099)
<NET-CHANGE-FROM-OPS> 3794902
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 63
<DISTRIBUTIONS-OF-GAINS> 0
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 6201
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 6
<NET-CHANGE-IN-ASSETS> (282383308)
<ACCUMULATED-NII-PRIOR> 1495909
<ACCUMULATED-GAINS-PRIOR> 13904065
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 5124631
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 14952863
<AVERAGE-NET-ASSETS> 29488
<PER-SHARE-NAV-BEGIN> 10.37
<PER-SHARE-NII> .01
<PER-SHARE-GAIN-APPREC> .58
<PER-SHARE-DIVIDEND> .01
<PER-SHARE-DISTRIBUTIONS> 0
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.95
<EXPENSE-RATIO> 1.68
</TABLE>
